A Denver-based real estate investment firm has bought a 158-unit multifamily property in Riverside. Sagard Real Estate purchased Vista Imperio, a garden-style property that covers eight acres at 5880 Lochmoor Drive, according to a statement. The project is in Sycamore Canyon, about one-quarter mile from UC Riverside. Cost of the …
Read More »Riverside apartment complex gets management company
A San Diego-based company will oversee a Riverside apartment complex. Sunrise Management is in charge of marketing, leasing and all day-to-day activities at LuxLiv, a 62-unit facility at 3905 Dawes St., according to a statement. Terms of the management agreement were not disclosed. Vanamor, a multifamily investment and management firm …
Read More »Perris gets apartment complex
A six-building apartment complex has opened in Perris. A grand opening ceremony sponsored by the Perris Chamber of Commerce was held Nov. 13 at the Charlie Perris apartments, 2700 N. Perris Blvd., according to a statement on the city’s website. The 229-unit complex offers one-, two- and three-bedroom floor plans that …
Read More »Corona Power Center gets refi
A Corona power center has obtained $140 million in new financing. Crossings at Corona, at the northeast corner of Interstate 15 and Cajalco Road, is next door to a Target store and is sub-anchored by Marshall’s, Kohl’s, Ross, HomeGoods, Sportsman’s Warehouse, Burlington, and Edward’s Theatre, among other national retail and …
Read More »State housing market is solid in October
Sales of existing single-family homes in California reached 264,870 units in October, a 4.7 percent increase from September and up 9.5 percent year-over-year, according to a report. Statewide, the median price of a single-family home was $888,740, up 2.4 percent from September and up 5.8 percent from $839,990 in October …
Read More »Major warehouse-distribution facility slated for Perris
A San Francisco-based developer will build an 855,330-square-foot warehouse-distribution facility in Perris. Perris Gateway, will be at the southeast corner of Ramona Expressway and Nevada Road next to Interstate 215, according to DECA, the project’s developer. The project’s first phase, approximately 27,000 square feet of retail space, began construction in …
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