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Council approves sale of Right Point Office Park to Israel Weister after transparency concerns
Summary
Riverside approved a purchase-and-sale agreement with Israel Weister for Right Point Office Park (5200 and 5100 Springfield Street), with council members noting negotiated changes that narrowed the city's leased space and set a date-certain closing of Dec. 31, 2027; Councilmember Freda Patterson requested clearer advance notice of negotiation changes.
Riverside, March 27 — The Riverside City Council unanimously approved a purchase-and-sale agreement authorizing the city to sell the Right Point Office Park to Israel Weister, a deal that city staff said narrows the city’s short-term lease obligations and sets a date-certain closing.
City Manager Josh told the council the agreement covers the office building at 5200 Springfield Street where city offices sit and the office across the lot at 5100 Springfield Street. He said two negotiated changes made since…
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