Saturday , June 15 2024
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Real Estate

Riverside apartment complex sold

A 304-unit Riverside apartment complex has been sold. Metro 3610 was purchased for an undisclosed sum by Silver Star Real Estate in La Palma, CBRE announced Tuesday in a statement. CBRE represented the seller, whose name was not released. The property, at 3610 Banbury Drive, was built in 1984. It …

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Riverside apartment complex sold before it’s completed

building sold

A 482-unit apartment complex in Riverside has been sold. The project, which sits on 18 acres at 3461 La Cadena Drive, is part of The Exchange, a 35-acre mixed-use development being developed by AFG Development LLC, according to a statement. JPI Development Group Inc. in Murrieta purchased the project from …

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Home prices continue to grow

Nationwide housing prices take record jump

Home prices nationwide grew 18.3 percent in June, the 125th consecutive month of year-over-year price growth in the U.S. housing market, according to data released this week. Despite that, price appreciation slowed from the previous month for the second consecutive month, a sign of reduced buyer demand caused by higher …

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Seniors-only community in Rancho Cucamonga sold

A multifamily project in Rancho Cucamonga restricted to people 55 years old and older has been sold. The Village on 5th, a 264-unit property at Fairway View Place, changed ownership late last month for an undisclosed sum, according to CBRE. Acacia Capital Corp. a real estate firm in San Mateo, …

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Report: Riverside vulnerable to housing shortage

Riverside’s housing market is among the most vulnerable in the United States to a slowdown if a recession hits, according to a recent study. Homeowners in Boise, Idaho, Tampa, Fla. and Phoenix, Ariz. are considered more likely to lose at least some of the value their properties accumulated during the …

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Logistics center in Perris signs two more tenants

More than 1.1 million square feet of space has been leased at Knox Logistics Center, an eight-building warehouse-distribution project under construction in Perris. A logistics services company whose name was not released will occupy all of the center’s third building, Knox III, which will cover 692,645 square feet at 22305 …

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