Real Estate

International Village, a 92-unit student housing complex on the campus of UC Riverside, has been sold. The multifamily project, which was built in 2001 exclusively for student use, sold for $20 million to an investment group in the San Gabriel Valley, said Otto Ozen, executive vice president with The Mogharebi …

Murrieta will soon have a much-needed assisted-living and memory-care facility. Renaissance Village Murrieta, a 225-bed community that will include a 2,500-square-foot rehabilitation center, is expected to open its first phase this fall, said Aaron Rintamaki, assistant planner with the city of Murrieta. Developer Continental East Development in Murrieta has not …

Home prices, including distressed sales, increased in the Inland Empire during June, according to data released Tuesday. Prices were up 5.8 percent year-over-year and 0.6 percent compared with May, Irvine-based CoreLogic reported in its monthly study on U.S. housing prices. That was essentially the same as the national rate: a …

A 33,350-square-foot retail building in Upland has been sold. The freestanding building at 685 W. Foothill Blvd., which is fully occupied by a 24 Hour Fitness, sold for $6 million, according to Irvine-based Faris Lee Investments. That price works out to $180 per square foot, said Jeff Conover, senior managing …

More good news for the Inland Empire housing market: foreclosures among outstanding mortgage loans in the two-county region was 0.60 percent in May, a year-over-year drop of 0.16 percent, according to data released Thursday. Foreclosures in the Riverside-Ontario-San Bernardino market during May were below the one percent national rate, Irvine-based …

The Inland Empire’s industrial market ended the second quarter with a vacancy rate of 3.1 percent, having absorbed 4.6 million square feet of space during that three-month period, according to data released Wednesday. In all, 13 million square feet of new industrial product was delivered in Riverside and San Bernardino …