Real Estate

Center Tower Riverside, a five-story Class A downtown office building, has been sold. The building, at 3880 Lemon St., sold for $20 million, Newmark Knight Frank said in a statement. The buyer, DeAnza Land and Leisure Corp. in Montclair, was represented by Newmark Knight Frank. CBRE represented the seller, CIP …

Park Plaza, a three-building office complex in Redlands, has been sold. Cypress West Partners, a leasing and property management firm in Rancho Santa Margarita that specializes in healthcare properties, bought the project for $6.3 million, according to a statement released by CBRE. The buyer was Northstar Commercial Partners, a commercial …

Homeowners with mortgages saw their equity grow an average of 9.4 percent year-over-year during the third quarter, according to data. That represented a gain of nearly $775.2 billion in home equity since the third quarter of 2017, Irvine-based CoreLogic reported. Nationwide, the average homeowner gained $12,400 in equity during that …

A student housing complex in Riverside has been sold. Sterling Highlander, a 216-unit community at 3080 Iowa Ave., sold for an undisclosed sum, according to a statement. Seattle-based Horizon Realty in Seattle was the buyer, The Dinerstein Cos. in Houston was the seller. The pedestrian complex near UC Riverside consists …

A majority of California renters aspire to home ownership, according to a report recently released. Half of the state’s renters rank homeownership “very important” or “extremely important,” and four out of five said they want to own a home, according to the California Association of Realtors’ 2018 State of the …

A Temecula company that manufactures suspension seats for off-road vehicles will move to a larger building within the city. Bestop PRP LLC has signed a five-year lease on 43,171-square-feet of industrial property in the 43300 block of Business Park Drive, according to a statement. The landlord is a private investment …