Real Estate

Presidio Park, a 45-unit apartment community in Cathedral City, has sold for a record price. The property at 69150 Gerald Ford Drive changed hands for $7 million, or $155,556 per unit, according to a statement. The buyer was a private investment group in Riverside, the seller a family partnership in …

More than 15 acres of prime commercial land in Hesperia has been sold. The four parcels – three at Interstate 15 and Ranchero Road and one at Tamarisk Avenue and Ranchero Road – changed hands for a combined $4.3 million, Progressive Real Estate Partners said in a statement. The first …

Four percent of all U.S. mortgages were in some stage of delinquency in August, according to data. That was a 0.6 percent decrease compared with August 2017, Irvine-based CoreLogic reported in its monthly assessment of nationwide loan performance. “Delinquency” is defined as any loan 30 days or more past due, …

Home prices nationwide increased 5.6 percent in September year-over-year, according to data. That upward trend is expected to slow during the next year: prices of single-family homes and condominiums will rise 4.7 percent between September of this year and September 2019, Irvine-based CoreLogic reported. “The erosion of affordability in the …

Lake Elsinore Marketplace, a 13-year-old regional shopping center, has been sold. The property, which is anchored by a Grocery Tree, PetSmart and Dollar Tree, changed hands for $44.2 million, according to Hanley Investment Group, a retail investment advisory firm in Corona Del Mar that specializes in retail sales. The transaction …

The Southern California housing market might finally be cooling down. Sales of houses and condominiums in September were down nearly 22 percent compared with August and 17.7 percent year over year, Irvine-based CoreLogic reported yesterday. Total sales in the six-county region were 17,369, the lowest number for that month since …