Real Estate

A two-tenant retail parcel in Murrieta that was built last spring has been sold for $5 million The property, which is occupied by Verizon Wireless and a drive-thru Chipotle Mexican Grill, sold for $975 per square foot, according to SRS Real Estate Partners in Newport Beach. That is the most …

A 44-unit apartment complex in Riverside has been sold for $10.1 million. The five-building Ramona Oaks Apartments are located at Ramona Drive and Olivewood Avenue next to the 91 Freeway and near UC Riverside and Riverside City College, according to a CBRE statement. CBRE represented the buyer, WeJ&J LLC, and …

Sales of existing single-family homes in California totaled 262,050 in August, down 6.3 percent month-over-month but up 2.8 percent year-over-year, according to data released Tuesday. Statewide, the median price of a single-family home was $888,740, up 0.2 percent from July and up 3.4 percent in August 2023, when the median …

A 32-unit townhouse project is under construction in Upland. Towns on First is being developed at A and First streets near the Metrolink Station in the center of downtown, according to statement on the city’s website. The detached townhomes will cover 1,100 to 1,600 square feet and will include a …

Part two of an affordable housing project in Moreno Valley has been completed. Thirty-two units have been added to Courtyards at Cottonwood, a public-private development at Indian Street and Cottonwood Avenue, according to a statement on the city’s website. Moreno Valley, Riverside County, Rancho Belago Developers, Inc. in Moreno Valley, …

Sales of existing single-family homes in California reached 279,810 in July, up 3.6 percent month-over-month and up 4.1 percent from July 2023, according to the California Association of Realtors. Statewide, the median price of a single-family home last month was $886,560, down 1.6 percent from June but up 6.5 percent, …