Four percent of all U.S. mortgages were in some state of delinquency – 30 days or more past due, including foreclosures – during June, a year-over-year decline of .3 percent, according to data released Tuesday. The national inventory foreclosure rate in June was .4 percent, virtually unchanged from June 2018 …
Read More »Altavita Village in Riverside, the third-largest senior-living community in California, has been sold. The 589-unit project, which covers approximately 1.2 million square feet, sold for $58 million, according to a statement. Air Force Village West Inc. sold the property to Senior Living Riverside, LP, an affiliate of La Jolla-based Westmont Living. …
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A Popeyes Louisiana Kitchen in Beaumont has been sold. The restaurant, at 501 E. 5th St., sold for $2.2 million, according to Progressive Real Estate Partners in Rancho Cucamonga, which helped negotiate the sale. Progressive represented the seller, a private investor in Riverside. Hipwell Real Estate in San Jose represented …
Read More »A 197-unit multifamily complex in San Bernardino has been sold. The Vue Apartment Homes at 1660 W. Kendall Drive sold for $37.4 million, according to a statement released by CBRE. The seller was FPA Multifamily, a real estate investment firm in Irvine. Dalan Management, a New York real estate investment …
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The Southern California housing market got a much-needed boost in July, helped in part by a drop in mortgage rates and a jump in inventory. Twenty two thousand seventy one new and existing single-family houses and condominiums were sold in the six-county region last month, up 3.7 percent from July 2018, …
Read More »A 12-unit apartment complex in Riverside has been sold. Palm Courtyard Apartments at 4333 Brockton Ave. sold for $1.75 million to a private entity whose name was not released, CBRE announced. The seller was a local investor who also wished to remain anonymous. CBRE represented both parties in the transaction. …
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IE Business Daily Business news for the Inland Empire.
