Real Estate

Grandmarc at University Village, a student housing community near UC Riverside, has been sold. The 212-unit luxury facility at 3549 Iowa Road sold for $44.1 million, or $208,018 per unit, CBRE Group Inc. announced Monday. The buyer was Harmonia Hopkins, a Maryland-based investor in student housing. Hopkins plans to manage …

Home prices, including distressed sales, were up 7.1 percent nationwide during March compared with March 2016, according to data released Tuesday. Month-over-month, the increase wasn’t as substantial: 1.6 percent, Irvine-based CoreLogic reported in its monthly assessment of U.S. housing prices. CoreLogic’s Home Prince Index is only 2.8 percent from its …

Cash sales accounted for 29.9 percent of all home sales in the Inland Empire in January, a three-percent increase year-over-year, according to data released this week. That was below the national rate – 36.5 percent- for the first month of the year, Irvine-based CoreLogic reported. Nationwide, cash sales peaked in …

March was a solid month for the Southern California housing market. A total of 22,042 houses and condominiums, both new and resale, changed hands last month, according to data released Tuesday by CoreLogic in Irvine. That was a 47.6 percent increase month-over-month and a 7.8 percent increase compared with March …

A 90-unit affordable housing complex in Indio for low-income elderly people has been sold. Desert Oasis Apartments, which is subsidized by the U.S. Department of Housing and Urban Development, sold for $11 million, according to a statement released today by Colliers International The sale, a record for a HUD-subsidized property …

AB 1059 would do away with dual agency, the practice of one broker representing both sides in a commercial transaction. Brokers call the proposal unfair and have vowed to fight back. A bill proposed by a state legislator in San Diego has some of the state’s commercial real estate brokers, …