Real Estate

A retail building in Riverside anchored by a Chipotle drive-thru has been sold for $5.8 million. The three-tenant project at 22430 Van Buren Blvd. next to Interstate 215 is also home to a dentist’s office, and a BHC Chicken is expected to open there in October, according to Hanley Investment …

Fourteen percent of California households could afford a median-priced home – $906,600 – during the second quarter of this year, according to data released Aug.13. That was a 17 percent drop from the first quarter and a 16 percent decline year-over-year, the California Association of Realtors reported. To afford that purchase, …

An Irvine company will oversee an apartment complex in the Coachella Valley. Western National Property Management will manage Millennium Apartments, a 330-unit luxury community in Palm Desert, CA., according to a statement. Terms of the agreement were not disclosed. Millenium is at 74699 Technology Drive near Acrisure Arena,  which hosts concerts …

A downtown Riverside strip mall has been sold for $3.6 million. The 7,250-square-foot retail center at 3948-3964 University Ave. was purchased by an Orange County investor whose name was not released, according to Progressive Real Estate Partners in Rancho Cucamonga. The seller was a Los Angeles investor who also wished …

Construction has started on a 48-unit apartment complex in Beaumont that will be made available to homeless people and people on the verge of being homeless. Summit View Apartments is being developed at 1343 E. 8th St. by National Core, a nonprofit developer of affordable housing, according to a statement …

Sales of existing single-family homes in California reached 270,200 in June, down 0.8 percent from May and down 2.7 percent year-over-year, according to a study. Statewide, the median home price was $900,720, down 0.8 percent from May but up 7.5 percent, June 2023, the California Association of Realtors reported. During …