Real Estate

One of the largest apartment properties in Joshua Tree has been sold. Quail Springs Village, a 75-unit complex at 62220 Verena Road, sold for $6.5 million, CBRE announced in a statement released Monday. The buyer was Pro Residential, a multifamily investment and property management firm in Los Angeles. The seller …

CBRE has completed the sale of a 15-unit apartment complex in Moreno Valley. The 12,960-square-foot property at 24668 Eucalyptus Ave. sold for $2.1 million in an all-cash transaction, according to a statement. CBRE represented the buyer, a local investor who owns several properties in Moreno Valley. The seller was a …

A 14-unit apartment complex in Riverside has been sold. The Tilton Avenue Apartments at 5748 Tilton Ave. sold for just under $2.1 million, CBRE said in a statement. CBRE represented the buyer and seller in the negotiations. Information about both parties was not released. The 6,882-square-foot property is in the …

The Inland Empire retail market may be slowing. Retail leasing in Riverside and San Bernardino counties is expected to reach 3.7 million square feet this year, according to Progressive Real Estate Partners in Rancho Cucamonga. If that forecast holds, it would be a 35 percent drop compared with the previous …

Four percent of all U.S. mortgages were in some state of delinquency – 30 days or more past due, including foreclosures – during June, a year-over-year decline of .3 percent, according to data released Tuesday. The national inventory foreclosure rate in June was .4 percent, virtually unchanged from June 2018 …

Altavita Village in Riverside, the third-largest senior-living community in California, has been sold. The 589-unit project, which covers approximately 1.2 million square feet, sold for $58 million, according to a statement. Air Force Village West Inc. sold the property to Senior Living Riverside, LP, an affiliate of La Jolla-based Westmont Living.  …