Saturday , February 24 2024

Real Estate

Mortgage delinquencies decline

Mortgage Charts

Four-point seven percent of all U.S. mortgages were in some stage of delinquency – at least 30 days past due – in May, according to data released today. That was a 2.6 percent decline compared with May 2020, when the national delinquency rate was 7.3 percent, Irvine-based CoreLogic reported. Early-stage …

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Multifamily properties change hands

Sold Sign

Two multifamily properties in Moreno Valley have been sold for $107 million. Tower 16 Capital Partners in San Diego bought the 384-unit Sienna Pointe Apartments, 13933 Chagall Court and the 120-unit Heacock Park Apartments, 13325 Heacock St., according to a statement. Both were purchased off-market from a private investor whose name …

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Coachella Valley dental building changes hands

Sold Spelled in Tiles

A dental office building in Palm Desert has been sold for $4.3 million. The property, at 72415 Park View Drive, consists of a 9,257 square-foot building that sits on 1.5 acres, according to CBRE. CBRE represented the buyer, Wilson Meade Commercial Real Estate in Rancho Mirage represented the seller. Both parties …

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Moreno Valley shopping center, adjacent property sold

Sold Stamp

A Moreno Valley shopping center has been sold for $8.3 million. Lakeshore Village Marketplace at 23575 Sunnymead Parkway was sold by Lakeshore Holdings LLC to a Southern California private investor whose name was not released, Newmark Knight Frank announced today. Newmark represented the seller. Multiple offers were submitted on the …

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Indian specialty grocery store to open first Inland location

Indian specialty grocery store to open in Riverside

A company that operates two Indian specialty grocery stores in Artesia will open a new location in Riverside. Pioneer Cash & Carry has paid $1.75 million for space at a neighborhood shopping center at 9185 Magnolia, according to Progressive Real Estate Partners in Rancho Cucamonga. The 10,128 square-foot storefront is …

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Office building sells for $11.4 million

office building in riverside sells for $11.4 million

A Las Vegas investment firm has sold an office building in Riverside. Dornin Investment Group sold the property at 3550 Vine St., for $11.4 million to a private investor whose name was not released, according to a statement. The three-story building covers a little more than 46,000 square feet. It was …

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