Thursday , June 1 2023
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Real Estate

Coachella apartments sell for record price

A 48-unit apartment complex in Coachella has been sold for a record price in that community. Valle Vista, at Tripoli Way and Cairo Street, sold for $5.3 million, or $111, 979 per unit, according to a statement released by The Mogharebi Group, which helped the negotiate the transaction. That was …

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Downtown Riverside office building changes hands

An office building in downtown Riverside has been sold. The structure, at 2300 Market St., covers 63,760 square feet and was fully leased at the time of sale, according to a statement released by CBRE. Cost of the transaction was not released. The buyer was a Los Angeles-based investor whose …

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Moreno Valley apartment complex sells for $6.6 million

A 45-unit apartment complex in Moreno Valley has been sold. Bevia Apartments, a two-story structure at 13260 Heacock St., sold for $6.6 million to a local investor, CBRE announced today. Built in 1979, the complex covers 39,200 square feet on 2.3 acres. It includes full-time security, gated parking, a laundry …

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Foreclosure market reaches record low

Inland Empire Foreclosures Drop

Three point seven percent of all U.S. mortgages were delinquent – at least 30 days past due, including foreclosures – in December, according to data released today. That was a slight decline from December 2018 and the lowest for the last month of the year in more than 20 years, …

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Office-industrial park sells for nearly $11 million

A multi-tenant office and industrial park in southwest Riverside County has been sold. Temecula Corporate Park, which covers nearly 87,000 square feet in the 43300 block of Business Park Drive, sold for $10.9 million to a private investor in Los Angeles whose name was not released, according to a statement. …

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Refi loan for Rancho Mirage shopping center

Newmark Knight Frank has arranged a $30 million loan that will be used to refinance the Rancho Las Palmas Shopping Center in Rancho Mirage. The project, which covers 163,500 square feet at Bob Hope Drive and Highway 111 is about 85 percent leased, according to a statement. Tenants include CVS, …

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