Real Estate

Unfortunately, there aren’t as many anchor tenants as there used to be, and more people are shopping online, so some retail properties will have to get creative. Some shopping malls in the Inland Empire – and much of the United States – will soon have some major retail space to …

A 25-unit apartment complex in Palm Desert has sold for $4.5 million. El Paso Place, an 18,000-square-foot faculty at 73200 Tumbleweed Lane, sold to a private investor whose name was not released, CBRE announced. The building features 1 studio unit, 16 one-bedroom, one-bathroom units and eight two-bedroom, two-bathroom apartment. The …

Cushman & Wakefield has completed the sale of a three-acre site in Riverside that will be home to a self-storage business. The property, on Palm Avenue near downtown, has been approved for 77,000 square feet of Class A storage space, according to a statement. The buyer was Frontera Real Estate, …

Rincon Corporate Plaza, an office building in Corona, has been sold. The 58,850-square-foot structure at 355 E. Rincon St. sold for $11.8, CBRE announced in a statement. The seller was Providence Capital Group in San Diego. The buyer was ZHOPE LLC, a private investment group Corona. CBRE represented both parties …

A 198-unit apartment complex in Redlands has been sold for nearly $45 million. Citrus Grove Apartment Homes consists of 24 buildings that cover 169,000 square feet on 11.7 acres, according to a statement. The project, next to the University of Redlands at 1230 E. Lugonia Ave., sits on 11.7 acres. …

Three point seven percent of all mortgages in the United States were in some state of delinquency in August, including foreclosures, a modest year-over-year decline, according to data released Tuesday. The foreclosure inventory rate – which measures the number of mortgages in some phase of foreclosure – was 0.4 percent, …