Real Estate

Home prices hit fever pitch U.S. home prices rose to record heights in August, fueled by a combination of not enough homes being built, and the ones that are being built being priced off the market for many would-be buyers. The price of a single-family home rose an average of …

Ontario Gateway, a 225,749-square-foot grocery-anchored shopping center next to Ontario Mills, has been sold. The fully-leased property sold for $40.5 million, Newmark Group Inc. announced today. Newmark represented the seller, Zelman Development Co. in Los Angeles. The buyer was JH Real Estate Partners in Newport Beach, which recently has been …

Brixton Capital, a real estate investment firm in Solana Beach, has purchased Marketplace Beaumont, a 187,851-square-foot shopping center in Beaumont. The seller was FJ Hanshaw Trust in Garden Grove, who sold the retail project for an undisclosed sum in an off-market transaction, according to a statement released this week. Located …

An Orange County company that develops industrial facilities has started construction on two projects in Chino. Euclid Industrial Park and Chino Commerce Park are under construction at separate locations and will cover about 640,000 square feet when they’re finished, according to a statement released by Alere Property Group LLC in …

A third-party logistics company in Ontario has leased a 258,737 square-foot industrial building in Rialto. DCG Fulfillment will begin occupying the building in December, according to a statement released today by the building’s owner, Dermody Properties in Reno, Nev. Financial terms of the five-year lease were not disclosed. DCG Fulfillment, …

A discount chain will locate in a former Kmart site in Fontana. Crazy Boss Discount Store will occupy the 103,157 square-foot space at 17099 Valley Blvd. in the Vineyard Valley Center, according to Progressive Real Estate Partners in Rancho Cucamonga. Progressive, which specializes in small to medium-size retail projects, represented …