A 74-unit apartment complex in Indio has been sold for $14.1 million Vintage Palms Apartments was purchased recently by a private investor whose name was not released, according to CBRE. The complex, at 82435 Requa Ave., near Highway 111, has controlled access, on-site laundry, a swimming pool, playground, grill and …
Read More »Riverside County library adds mobile vans
The Riverside County Library System has added two mobile resource vans to its inventory. Library Connect, which began Tuesday, brings library and literacy services to communities in the county’s western and desert regions 365 days a year, according to a statement on the county’s website. The expansion is being paid …
Read More »Retail buildings at Highland Village Shopping Center change hands
Two retail buildings near Highland Village Shopping Center in Fontana have been sold. The structures, both of which have tenants, are at 16918-16938 S. Highland Ave., next to the shopping center at Highland and Sierra avenues, according to Hanley Investment Group Real Estate Advisors. Both buildings combined cover more than …
Read More »Mortgage delinquencies drop
Three point six percent of all US mortgages were in delinquency in November, a 2.3 percent year-over-year drop, according to data released Tuesday. Early-stage delinquencies – 30 to 59 days overdue – totaled 1.2 percent, down from 1.4 percent, according to CoreLogic in Irvine. Loans 60 to 89 days past …
Read More »Senior housing project under construction in downtown Riverside
Construction has started on a 95-unit affordable senior housing project in Riverside. Oasis Senior Villas is expected to be finished in the summer of 2023, according to a statement by R.D. Olson Construction in Irvine, the project’s general contractor. The four-building development, half of which will be for homeless seniors …
Read More »City to spend extra funds on public safety, quality of life
Moreno Valley will spend $5.5 million to improve its public safety and quality of life. The city council approved the expenditures at its Feb. 1 council meeting, according to a statement on the city’s website. The spending is part of a first-quarter budget update. It will help pay for a …
Read More »