Real Estate

California’s existing single-family home sales are expected to drop 7.2 percent in 2023, according to a study released last week. Sales will drop from 359,220 projected units this year to 333,450 units next year, the result of a “modest” recession brought on by “stubborn” inflation, the California Association of Realtors …

Construction has begun on a neighborhood retail center in Adelanto. Adelanto Towne Center’s first phase will be two buildings, that combined cover 10,000 square feet, according to Lewis Retail Retail Centers in Upland, the project’s developer. Poppy Express Wash and Poppy Fuel will occupy both buildings which are expected to …

Rancho Cucamonga and the San Bernardino County Transportation Authority have approved the sale of property, owned by both entities, that will be home to the Inland Empire’s first high-speed rail station. Brightline West, a privately owned intercity rail service in Miami, will develop Cucamonga Station on the five-acre site at …

Growth in U.S. home prices slowed to 13.5 percent in August, the fourth consecutive month that year-over-year price growth has declined, according to data released last week. Although home prices have recorded annual gains for 127 consecutive months, that was the lowest year-over-year increase since April 2021, Irvine-based CoreLogic reported …

Three retail properties in French Valley have been sold for $17.3 million. The properties are adjacent to French Valley Marketplace, a 78,000-square-foot neighborhood shopping center at 35958 Winchester Road, according to a statement. SRS Real Estate Partners in Newport Beach negotiated the sale. Buyer and seller were described only as …

A retail-office project that will cover nearly 170,000 square feet will be developed in Chino. Town Center at the Preserve will be built within The Preserve at Chino, a master-planned community at Pine Avenue and Main Street, according to Lewis Retail Centers in Upland. Lewis Retail is the developer of …