Real Estate

A pair of real estate entities is planning to build a 211-unit apartment complex in Montclair. Alexan Montclair will be developed about one mile south of the city’s Metrolink station, which is at 5091 Richton St., according to a statement. The project will be developed by New York-based HQ Capital …

Two apartment complexes in Riverside have been sold. The properties – a total of four buildings – sold to local private investors for a combined $10.3 million, CBRE announced Tuesday. The La Paz/Las Palmas apartments are at 2032 and 2052 Linden St. The second property, Cazador’s Court, is at 3461-3471 …

Only 29 percent of all California households could afford a median priced home – $550,990 – during the fourth quarter of last year, a year-over-year drop of three percent, according to data recently released. An annual income of $111,260 was required to make that purchase, assuming monthly payments of $2,780 …

A Riverside office building has been sold. The five-story structure at 1650 Spruce St., which covers 58,300 square feet, sold for $7.2 million, according to CBRE. Magnon Cos., a Riverside developer, was the seller.  Providence Capital Group Inc., a real estate investment and management firm in Encinitas, bought the building. …

Only 4.3 percent of all Inland Empire mortgages were delinquent by at least 30 days during November, a year-over-year drop of 0.5 percent, according to data released today.’ The region’s serious delinquency rate – 90 days or more past due – was 1.3 percent, down 0.4 percent compared with November …

Multifamily rents in the Inland Empire rose 3.8 percent year-over-year in January, one of the largest increases of any major U.S. submarket during that time. Nationwide, rents rose only $1 during the first month of the year, to an average of $1,362 per month, according to Yardi Matrix, a commercial …