Real Estate

A large multifamily community in Moreno Valley has been sold. Broadstone Lasselle, a 304-unit complex near the intersection of Interstate 215 and the 60 Freeway, sold this month for a little more than $55 million, said Alex Garcia Jr., senior director with Marcus & Millichap’s Institutional Property Advisors division. The …

Cash sales accounted for 22.5 percent of all home sales in the Inland Empire in August, a drop of nearly one percent year-over-year, according to data released this week. Nationwide, 31.1 percent of all home sales in August were cash transactions, while distressed sales made up 7.3 percent and REO …

Thirty one percent of California households could afford to purchase the $515,940 median-priced home during the third quarter. That figure was essentially unchanged from the second quarter but was up nearly 30 percent year-over-year, according to data released this week by the California Association of Realtors in Los Angeles. A …

A grand opening is scheduled to be held Saturday at a gated community in Montclair. Anzio, at 5165 Mission Blvd., consists of 31 three and four-bedroom detached homes, said Terry Kent, vice president of marketing for Crestwood Communities in Glendora, the project’s developer. Prices begin the low $400,000s.  The houses, …

Calavo Growers Inc., a food distribution company that specializes in avocados, has purchased a production facility in Riverside. The facility, at 1730 Eastridge Ave., covers 128,000 square feet and was previously used by affiliates of Fresh & Easy Neighborhood Markets, according to a statement released Thursday. Renaissance Food Group LLC, …

Foreclosures in the Inland Empire fell to 0.52 percent in August, a drop of 0.20 percent year-over year, according to data released Thursday. That was well below the national foreclosure rate in August, which was 0.90 percent, CoreLogic in Irvine reported. Also in Riverside and San Bernardino counties, the percentage …