Real Estate

Members of the California Association of Realtors say the Coronavirus will inflict major damage on the state’s housing market. Unfortunately, says one economist and a veteran homebuilder, they’re almost certainly right. If a sampling of California realtors is accurate, the Coronavirus pandemic is going to wreak serious havoc on the …

The former home of Acapulco Mexican Restaurant and Cantina in Montclair has been sold. Located at 9405 Monte Vista Ave., the building sold for $2.1 million, according to a statement released by Progressive Real Estate Partners in Rancho Cucamonga. Progressive Real Estate marketed the property and represented the seller,  a …

A 48-unit apartment complex in Coachella has been sold for a record price in that community. Valle Vista, at Tripoli Way and Cairo Street, sold for $5.3 million, or $111, 979 per unit, according to a statement released by The Mogharebi Group, which helped the negotiate the transaction. That was …

An office building in downtown Riverside has been sold. The structure, at 2300 Market St., covers 63,760 square feet and was fully leased at the time of sale, according to a statement released by CBRE. Cost of the transaction was not released. The buyer was a Los Angeles-based investor whose …

A 45-unit apartment complex in Moreno Valley has been sold. Bevia Apartments, a two-story structure at 13260 Heacock St., sold for $6.6 million to a local investor, CBRE announced today. Built in 1979, the complex covers 39,200 square feet on 2.3 acres. It includes full-time security, gated parking, a laundry …

Three point seven percent of all U.S. mortgages were delinquent – at least 30 days past due, including foreclosures – in December, according to data released today. That was a slight decline from December 2018 and the lowest for the last month of the year in more than 20 years, …