Real Estate

Home prices continued to rise in March, the result of increased consumer confidence and more people returning to the job market. The price of a single-family home rose 11.3 percent in March year-over-year, with millennials leading the way while splitting into two camps: those looking for a “move-up” home and …

Hillside Village, an 80-unit apartment project in San Bernardino has sold for $16.5 million. Tower 16 Capital Partners, a commercial real estate brokerage investment and management company in Encinitas, announced the sale earlier this week. Information about the buyer was not disclosed. “We made major improvements to the Hillside Village …

A maker of construction materials has leased a 119,000-square-foot industrial building in Fontana. Tremco Inc., a subsidiary of Tremco Construction Products Group in Beachwood, Ohio, has signed a 10-year lease on the property at 7630 Cherry Ave. and will use it mostly for distribution, according to Dermody Properties, the property’s owner. …

Eagle Plaza, a retail center in Hesperia, has sold for $5.4 million. The 40,000-square-foot property at 15776 Main St. was sold by a local private investor whose name was not released, CBRE announced Monday. CBRE represented the seller. Information about the buyer was not disclosed. Tenants include a donut shop, …

Despite a relatively strong economy, landlords continue to offer free rent in order to secure long-term office deals. On average, owners of office space nationwide agreed to 12.5 months of free leasing on deals signed during the first quarter of 2021, a 29 percent increase year-over-year, according to CBRE. Tenant-improvement …

SB-12, is intended to keep single-family homes out of areas deemed a high risk for fires, according to its proponents. But its foes see the bill as yet another example of bureaucratic overreach on the part of Sacramento lawmakers that could deliver a crippling blow to the state’s housing industry.   …