Real Estate

An Irvine-based homebuilder and land developer has begun work on a major project in Eastvale. New Home Co. recently started construction of Eastvale Square, which will be made up of nearly 2,000 homes immediately west of Interstate 15 in the middle of the city, according to a statement. The project, …

Southern California’s median home price rose seven percent in April, to $760,000, according to a report. All of the region’s six counties – Los Angeles, Orange, Riverside, San Bernardino, San Diego and Ventura – recorded year-over-year price increases during the fourth month of 2024, Irvine-based CoreLogic reported this week. In …

A 133,00-000-square-foot grocery-anchored shopping center in Riverside is being refinanced. Magnolia Towne Center has received a $17 million permanent loan arranged by Gantry Inc., commercial real estate firm with offices in Los Angeles, San Francisco and throughout the United States, according to a statement. Tenants include Ralphs, Wells Fargo Bank …

A 49,600-square-foot industrial building in Corona has been sold for $15.9 million. The building, at 1141 California Ave., was purchased last year for an undisclosed sum by PPVS Properties LLC in Castro Valley, according to a statement. PPVS Properties then renovated the freestanding building, which sits on 2.5-plus acres and …

A 63-unit multifamily property in Palm Desert has been sold. Investment Concepts Inc., a development and property management firm in Orange, bought Ariana at El Paseo for $14 million, according to a statement. 45278 Deep Canyon Road, a private investment group that adopted the project’s address for its name, was …

Two industrial buildings in Ontario have been sold for $142 million. Stockbridge, a San Francisco-based real estate investment management firm, recently bought the freestanding buildings at 3351 E. Philadelphia St. and 4450 E. Lowell St., according to a statement. Both structures are 100 percent leased. Cushman & Wakefield represented the …