Real Estate

Modway Inc., a furniture distribution company, will open a logistics facility in Hesperia that will employ 200 people. The warehouse-distribution building, which is expected to begin operating in the fall of 2021, will cover one million square feet at Interstate 15 and U.S. Route 395, according to a statement. It …

Sales of homes in California are expected to rise 3.3 percent in 2021, to 392,510 units, according to the California Association of Realtors. That “modest” increase will be accompanied by a 1.3  percent increase in the median price of a single-family home, to $648,760, the Los Angeles-based trade group predicted. …

A 230-unit Class A apartment complex in Murrieta has been sold. Mitchell Place, a gated community of apartments and townhomes that opened in June 2019, was sold for an undisclosed sum, according to a statement. MBK Rental Living, the project’s developer, was the seller. MBK Rental Living is a division …

Sales of detached single-family homes in California reached 489,590 units in September, a 21.2 percent year-over-year, according to the California Association of Realtors. Statewide, the median price of a single-family home last month was $712,430, up 17.6 percent compared with September 2019, the Los Angeles-based association reported in its monthly …

California’s single-family home sales and median prices are expected to rise slightly next year, according to a forecast. Home sales are expected to rise 3.3 percent, to 392,510 units in 2021, while the median price will move up 1.3 percent, to $648,760, the Los Angeles-based California Association of Realtors predicted. …

Little Caesars Pizza has leased 1,200 square feet at a shopping center in Rialto. The neighborhood center at 1138 N. Riverside Ave., is now fully leased, according to Progressive Real Estate Partners in Rancho Cucamonga. Progressive represented both parties in the lease negotiations. The terms of the agreement were not …