Real Estate

A cold storage/manufacturing facility in Colton has been sold for $7.5 million. The 45,000-square-foot operation at 1750 N. 8th St was purchased by Integreon Global LLC in New Jersey, according to a statement released by Avison Young. Avison Young represented Integreon Global in the negotiations. The seller, Modu Food Factory, …

U.S. homeowners with mortgages saw the equity in their homes rise an average of 31.1 percent between the third quarter of 2020 and the third quarter of this year, according to data released this week. That was a collective equity gain of more than $3.2 trillion – an average gain …

Two Newport Beach developers plan to build 163 townhomes in Wildomar in southwest Riverside County. Sancerra Communities and STG Capital Partners have purchased a 26-acre parcel at Palomar Street and Jefferson Avenue and will develop a build-to rent community there, according to a statement released Tuesday. Cost of the parcel, …

U.S home prices grew 18 percent year-over-year in October, the highest rate recorded in 45 years, according to data released today. Despite that, growth in single-family home prices nationwide has slowed since April, and price growth is likely to continue to grow slowly for at least a few months, Irvine-based …

A Newport Beach homebuilder will build a tract of high-end homes in the Mockingbird Canyon section of Riverside. Trumark Homes has purchased 72 finished lots for approximately $10 million in Mockingbird Canyon, which is near California Citrus State Historic Park, said Tom Doyle, principle partner with WD Land in Irvine. …

Two industrial lease agreements in Fontana that total more than 530,000 square feet have been completed. Newmark’s Ontario office represented both tenants in the negotiations, according to a statement released by the company. The first transaction involved Communications Test Design, Inc., a full-service, global engineering, repair and logistics company that …