Real Estate

A 197-unit multifamily complex in San Bernardino has been sold. The Vue Apartment Homes at 1660 W. Kendall Drive sold for $37.4 million, according to a statement released by CBRE. The seller was FPA Multifamily, a real estate investment firm in Irvine. Dalan Management, a New York real estate investment …

The Southern California housing market got a much-needed boost in July, helped in part by a drop in mortgage rates and a jump in inventory. Twenty two thousand seventy one new and existing single-family houses and condominiums were sold in the six-county region last month, up 3.7 percent from July 2018, …

A 12-unit apartment complex in Riverside has been sold. Palm Courtyard Apartments at 4333 Brockton Ave. sold for $1.75 million to a private entity whose name was not released, CBRE announced. The seller was a local investor who also wished to remain anonymous. CBRE represented both parties in the transaction. …

Stockbridge Capital Group, a San Francisco-based private equity real estate investment company, has bought a 26-property industrial and e-commerce portfolio that includes three Inland Empire properties. The seller was Westcore Properties, a commercial real estate investment firm in La Jolla, according to a statement. Cost of the transaction was not …

A Washington D.C.-based company has purchased a one-million-square-foot warehouse-distribution center in Riverside. ASB Real Estate Investments paid $123.7 for the property at 490 Columbia Ave., a fully occupied  project which is part of the Columbia Business Park, according to a statement released Tuesday.  Washington Capital Management Inc, an employee-owned investment …

Three point six percent of all mortgages nationwide were in some state of delinquency during May, down from 4.2 percent in May 2018, according to data released Tuesday. That marked the second consecutive month that the national delinquency rate – 30 days more past due, including properties in foreclosure – …