Real Estate

A Los Angeles developer will build a retail project on 1.2 acres it has purchased in Moreno Valley. Seagrove Property Group paid $1,050,000 for the parcel at 23125 Sunnymead Blvd. near the 60 Freeway, according to Progressive Real Estate Partners in Rancho Cucamonga, which negotiated the transaction. Information about the …

Buying a home remained a major hurdle for most Californians during the third quarter, according to data released this week. Only 24 percent of the state’s prospective homebuyers could afford the $814,450 needed to buy a median-price single-family home during that time, up slightly from the second quarter, but down …

A vitamin manufacturer and a logistics company have leased space at LogistiCenter Eastvale. Gardena-based Better Nutritionals, maker of the Vitamin Friends product line, and Landmark Global, an international delivery and logistics network, have leased a combined 285,072 square feet, according to Dermody Properties, which helped negotiate both transactions. Better Nutritionals …

Four percent of all U.S. mortgages were in some state of delinquency in August, a 2.6 percent decline year-over-year and the lowest percentage since before COVID-19, according to data released Tuesday. Early-stage delinquencies – 30 to 59 days past due – were at 1.1 percent, down from 1.5 percent in …

A three-building retail property in Hemet has been sold for $9.5 million. KPC Towne Centre at 2375 – 2465 W. Florida Ave. includes a Chipotle, T-Mobile, Chuck E Cheese, and Dominos among its eight tenants, according to SRS Real Estate Partners’ National Net Lease Group. SRS’ Newport Beach office represented …

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 …