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U.S. home prices rose 18.1 percent in November year-over-year, according to data released last week. Month-over-month, home prices rose a solid 1.3 percent, as one of the hottest years for home price drew to a close, Irvine-based CoreLogic report. Home prices are expected to continue to grow this year, but …

Freeway Business Center, an industrial facility in Riverside, has been sold. Alere Property Group bought the building at 2677 E. Alessandro Blvd., according to a statement released Friday. The 709,000 square-foot structure next to Interstate 215 was completed last year. It is fully leased to UNIS, LLC, a national third-party …

Armando Bolanos, a history major at Cal State San Bernardino Palm Desert, recently attended the World Affairs Councils of America’s national conference in Washington, D.C. The three-day conferenced included panel discussions on U.S.-China relations, creating a humane and effective immigration system, climate change and women’s rights in Afghanistan, according to …

Jeff Trobbe has been hired by CBRE Investment Management and will be the firm’s senior acquisitions director. Based in Los Angeles, Trobbe will concentrate on west coast logistics and will be responsible for deal sourcing, underwriting, due diligence and closing, according to a statement. “We are pleased to welcome Jeff …

CBRE has negotiated the sale of a 182,630-square-foot industrial building in Colton. The structure, at 1603 S. La Cadena Drive, is fully occupied and leased to a single-tenant, according to a statement released today. The buyer was Walton Street Capital, a private equity real estate investment firm in Chicago. The …

Lake Elsinore has closed all city facilities in response to the surge in COVID-19 infections caused by the Omicron variant. The shutdown, which began Wednesday, includes city hall, the senior center, the Dream Extreme Neighborhood Center and the Lake Community. Center. Launch Pointe, the camping and recreational vehicle park at …