Real Estate

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, …

A multi-tenant office and industrial park in southwest Riverside County has been sold. Temecula Corporate Park, which covers nearly 87,000 square feet in the 43300 block of Business Park Drive, sold for $10.9 million to a private investor in Los Angeles whose name was not released, according to a statement. …

Newmark Knight Frank has arranged a $30 million loan that will be used to refinance the Rancho Las Palmas Shopping Center in Rancho Mirage. The project, which covers 163,500 square feet at Bob Hope Drive and Highway 111 is about 85 percent leased, according to a statement. Tenants include CVS, …

Cap rates, which indicate the rate of return expected to be generated on a real estate investment property, are expected to remain stable this year, according to CBRE. “Sustained investor interest in the region’s robust infrastructure, globally integrated economy, and diversified workforce continue to keep area cap rates at or …

A building in Fontana that is home to a Sprouts Farmers Market has been sold. The 30,000 square-foot structure in the Highland Village Shopping Center sold for $10.4 million, according to a statement released by Hanley Investment Group, a real estate investment advisory company in Corona del Mar. That works …