Real Estate

A retail property in Murrieta occupied by Smart & Final has been sold. The 2.1 acre parcel at Madison Avenue and Los Alamos Road changed hands for $8.5 million, which was 99 percent of the original asking price, according to Hanley Investment Group Real Estate Advisor. Hanley investment represented the …

Sales of existing single-family homes totaled 429,860 in December, down 5.4 percent from November and down 15.7 percent from December 2020 the California Association of Realtors reported today. Statewide, median home price, was $796,570, up 1.8 percent from November and up 11 percent from December 2020, according to the the …

A 3.3-acre commercial parcel in Hemet has been sold for $1.7 million. The buyer, Sater Hemer LLC, plans to build a gas station, car wash and drive-thru restaurant on the vacant property at the northeast corner of Florida and Soboba avenues, according to Progressive Real Estate Partners in Rancho Cucamonga. …

A 236-unit multifamily complex in Upland has been sold. The Benson, which recently underwent a major upgrade, changed hands for $80.7 million, or $342,161 per unit, according to Institutional Property Advisors, a division of Marcus & Millichap. The seller, who was not identified, is an affiliate of Abacus Capital Group …

Three point eight percent of all U.S. mortgages were in some state of delinquency in October, a year-over-year decrease of 2.3 percent, according to data released Monday. Early delinquencies – 30 to 59 days past due – were down 1.2 percent, while adverse delinquencies – 60 to 89 days due …

Proposed by the University of Redlands, the mixed-use project would serve as a gathering place for the city and the university, in addition to providing more residential and retail. development. One Redlands official says he’s anxious to see the proposal, which yet to be presented to the city.   If …