Real Estate

A McDonald’s drive-thru in Wildomar has been sold for $3.2 million. The property at 22193 Bundy Canyon Road was purchased in a ground-lease transaction by a private international investor whose name was not released, according to RealSource Group, a commercial real estate brokerage in Newport Beach. The seller, who was …

The Inland Empire office market remained reasonably strong during the fourth quarter of last year, with stable vacancy and a small amount of absorbed space. The two-county region’s vacancy rate was 5.9 percent, unchanged from the previous quarter, while it added a modest 980 square feet, according to CBRE. Availability …

A medical office building in Chino has been sold. Chino Hills Professional Plaza, a 41,000-square-foot structure at 2140 Grand Ave. changed hands recently for an undisclosed sum, according to CBRE. A joint venture between Cypress West Partners, a Rancho Santa Margarita Real Estate agency, and TPG Angelo Gordon, a global credit …

Pending homes nationwide fell 5.9 percent month-over month in December, the lowest seasonally adjusted level ever except April 2020. Compared with December 2024, pending home sales were 7.4 percent, according to Redfin, a Seattle-based real estate agency. “Buyers are extremely selective, and still think prices are too high,” said Alison Williams, …

California’s housing market ended 2025 on a strong note. Sales of existing single-family homes in December were up 0.3 percent month- over-month and up two percent compared with December 2024, according to the California Association of Realtors. Those numbers are annualized, meaning they represent the number of homes that would have …

Palm Springs and the Agua Caliente Band of Cahuilla Indians will hold a special meeting this summer to discuss a proposed industrial project that would cover 2.8 million square feet on tribal land located within the city. If approved by the tribal council, the four-building Desert Mountain View Business Park …