Real Estate

U.S. home prices rose 13 percent in April year-over-year, the largest increase of that kind since February 2006. Not enough new houses are being built, combined with an ever-growing number of people who want to enter the housing market or purchase a “move-up” home, which continues to push home prices …

Norco Valley Square would bring much-needed residential units, and possibly a hotel, to the city that takes great pride in its rural atmosphere. But some residents don’t like that idea, and the planning commission agrees with them. An appeal to the city council has been filed. A 19-acre commercial and …

CBRE has negotiated the sale of two multifamily properties in Colton. Reche Ridge at 2270 Cahuilla St., and 1333 Canyon at 1333 Reche Canyon Road, sold for a combined $41 million in an off-market transaction, according to a statement released by the commercial real estate brokerage Wednesday. The buyer was …

Progressive Real Estate Partners in Rancho Cucamonga has negotiated the sale of six preschools in Arizona. The Sunrise Preschools – two in Mesa and one each in Phoenix, Tempe, Chandler and Glendale – changed hands for a combined $16.9 million, according to a statement on Progressive’s website. Average price per …

Lewis Retail Centers has started construction on a building at a major retail project it’s developing in Nevada. The structure, which is 60 percent pre-leased, will cover 13,200 square feet at the Damonte Ranch Town Center in South Reno, according to a statement on the Upland-based company’s website. It will …

The median price of a single-family home in California reached $800,000 in April, the first time the state’s housing market has reached that height. Strong demand, and a shortage of homes for sale, caused the market to hit that mark, according to data released this week by the California Association …