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Real Estate

Upland apartments sell for $82 million

building sold

Foothill Ridge, a 232-unit apartment complex in Upland, has been sold for $82 million. Institutional Property Advisors, a division or Marcus & Millichap, negotiated the sale, according to a statement. The sale breaks down to $353,448 per unit. The seller was Virtu Investments, an apartment fund manager in Carlsbad with …

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Claremont retail property fetches $4.1 million

Claremont retail property fetches $4.1 million

A fully-occupied retail building in Claremont has been sold for $4.1 million. The structure, at 903-911 Foothill Blvd. covers 9,226 feet and is next door to Sprouts Farmers Market, according to Progressive Real Estate Partners in Rancho Cucamonga. Progressive marketed the property and represented the seller, The Festival Companies, a …

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Mortgage delinquency rates continue to decline

Two point seven percent of all of all U.S. mortgages were in some state of delinquency – 30 days or more past due, including foreclosures – in March, according to a recent report. That was a 2.2 percent decrease – from 4.9 percent – in March 2021, Irvine-based CoreLogic reported. …

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State home sales drop

Sales of existing single-family homes in California fell 15.2 percent year-over-year in May, according to the California Association of Realtors. Statewide sales totaled 377,790 during the fifth month of the year, while the median price of a single-family home was $898,980, up 9.9 percent from May 2021, the Los Angeles-based …

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Ontario multifamily complex sells for $46.5 million

building sold

A 142-unit apartment complex in Ontario has been sold for $45.6 million. ReNew Mills, a 1980’s-era complex located at 551 E. Riverside Drive, was purchased recently by Interwest Capital Group LLC, a privately-held real estate firm in San Diego, according to a statement released today by CBRE. The seller, represented …

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