Real Estate

Two Inland Empire multifamily properties have been sold. Springbrook Park Apartments, a 120-unit complex at 1100 North Orange St. in Riverside, and Mayfield Park Apartments, an 83-unit complex at 345 West 41st St. in San Bernardino, sold recently for a combined $41.1 million, according to CBRE. CBRE represented the buyer …

A three-building commercial center in Yucaipa has been sold for $7 million. The Tower Plaza Commercial Center, a 39,422-square-foot facility at 34590–34664 County Line Road, was sold by one Inland Empire investor to another Inland Empire investor, according to Progressive Real Estate Partners in Rancho Cucamonga. Both parties wished to …

A three-story office building in Upland has been sold for $9 million. Stewart Plaza, a 46,527-square-foot Class A structure at 440 North Mountain Ave., was sold by Stewart Plaza Owner LLC, according to CBRE. The buyer was a local investor and a medical group, both of which wished to remain …

Fifteen percent of the home-buying contracts in the United States – approximately 53,000 homes – were canceled in September, according to a report. That practice, known as ghost selling, was up from 13.6 percent in September 2024, Seattle-based Redfin reported. Riverside recorded the sixth-largest rate, 17.9 percent, essentially unchanged year-over-year. …

Progressive Real Estate Partners is going bowling in Los Angeles County. The Rancho Cucamonga commercial real estate firm is trying to find a buyer for the former Covina Bowl, a landmark building immediately north of Interstate 10 known for its 1950’s architecture, according to a statement on Progressive’s website. The one-time …

A 13.9-acre industrial storage facility in Riverside has been sold. The facility at 1595-1600 Columbia Ave. was purchased by Alterra IOS for an undisclosed sum, according to a statement released by the company. Alterra IOS, which has purchased more than 400 storage facilities nationwide, bought the property from Greenlaw Partners …