Real Estate

A Palm Desert building occupied by Mattress Firm and Club Champion has been sold for $5 million. The three-year-old structure is on a small parcel at Highway 111 and Fred Waring Drive, an intersection that accommodates an estimated 63,000 vehicles a a typical day, according to a statement released Tuesday. …

Ground has been broken on a 330-acre master-planned community in Menifee. Legado, which broke ground this month, will feature 1,000 homes and multiple recreational spaces, including walking paths with exercise stations, play spaces, a pool and recreation center and a 13-acre park, according to a statement. “Legado will be a …

Housing affordability in California fell to its lowest point in 15 years during the second quarter of 2022, the result of higher home prices and interest rates, according to data released today. Only 16 percent of the state’s households could afford the median price of a home – $883,370 – …

Two point seven percent of all U.S. mortgages were at least 30 days past due in May, according to data released today. That number, which includes foreclosures, was a two percent drop in early-stage delinquencies from May 2021, Irvine-based CoreLogic reported in its monthly report on loan performance. Loans 60 …

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 …

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 …