Real Estate

U.S. home prices rose 18 percent in September year-over-year, as an undersupply of new houses continued to hurt the market, according to data released this week. Demand for houses remained strong as summer came to a close, but the ongoing supply shortage continues to drive prices up, Irvine-based CoreLogic reported …

A San Bernardino property occupied by a Raising Cane’s Chicken Fingers restaurant has sold for $8.2 million, a record for any parcel in the United States occupied by the Baton Rouge, La.-based chain. That is also the most ever paid for a fast-food property in San Bernardino County, according to …

A 330-unit apartment complex in Menifee has been sold for $156 million. Artesa at Menifee Town Center was purchased by MG Properties Group, a San Diego real estate company that invests, redevelops, and manages multifamily properties. Irvine-based MBK Rental Living sold the property, a 15-acre development at 30414 Town Center …

A 333,600-square-foot warehouse-distribution building in Perris has been sold. Harvill Logistics Center in Perris sold recently for $57.5 million, according to The Rockefeller Group, a New York-based real estate company that develops, owns, and manages high-end properties. Rockefeller Group sold the building at 21500 Harvill Ave. to a joint venture …

An ARCO gas station and an AM/PM convenience store in Apple Valley have been sold for $5.6 million. The freestanding project is at Rancherias Road and U.S. Highway 18, an intersection that accommodates more than 36,500 vehicles on a typical day, according to a statement released by Progressive Real Estate …

A 330-unit apartment complex in Moreno Valley has been sold for $85 million. Tower 16 Capital Partners in San Diego bought the Sorelle Apartments in an off-market transaction, according to a statement released Monday. The seller’s name was not released. This is Tower 16’s seventh purchase of a multifamily property …