Real Estate

Southern California’s median home price in March was $705,000, a 2.1 percent year-over-year drop. Despite that decline, five of six counties had their median price rise between the second and third month of the year: San Bernardino (1.1 percent), Orange (3.6 percent), Los Angeles 4.4 percent, San Diego (5.2 percent),  …

A retail pad in Beaumont occupied by a Sherwin-Williams paint store has been sold for $3.2 million. The 4,000-square-foot property is at 1495 East 2nd Street next to San Gorgonio Village, a 78,000-square-foot shopping center, according to Woods Development Co., the project’s developer and now the former owner. Information about …

A drive-thru coffee restaurant in Beaumont has been sold for $1.9 million. Dutch Bros. Coffee Drive-Thru opened April 28 at Highland Springs Avenue and 8th Street and was sold the next day, according to Hanley Investment Group Real Estate Advisors in Corona del Mar. Hanley Investment represented Evergreen Development, the …

Only three percent of U.S. mortgages were in some stage of delinquency in February, down 0.4 percent year-over-year but a slight increase – 0.2 percent – from January, according to data released today. One point four percent of all mortgages were 30 to 59 days past due in February, unchanged …

A former Kmart building in Big Bear Lake will be converted into an 80,000-square-foot neighborhood shopping center. Wood Investments Companies Inc. in Newport Beach will divide the building at Big Bear Lake Shopping Center, into three anchor tenant suites, according to a statement released by the company on Monday. The …

A 41-unit apartment complex in Rialto has been sold for $6.8 million. A private investor whose name was not released bought the Jackson Apartments, adding to a portfolio that includes several other multifamily properties in the greater San Bernardino market, according to a statement released by CBRE. CBRE represented both …