| Newcastle Partners Underway with Two Projects in the Inland Empire
In development activity out of the Inland Empire, Newcastle Partners Inc has begun construction on Chino Hills Commerce Center in Chino Hills, which will total 100.3k sf. The company has also completed construction on Meridia...
| Duke Realty Corp Begins Work on Spec Industrial Facility in Fontana
Duke Realty Corporation has begun construction of a 282.2k sf bulk distribution warehouse in Fontana, within SoCal’s Inland Empire West submarket. The building, which is being developed on a speculative basis, is located at 1...
| Circle K and Chevron Acquire Development Parcels in the High Desert Region
We’ve got news of two parcels of land in the Inland Empire that were acquired by Circle K and Chevron in separate deals totaling $4.8 mil. Both properties are located adjacent to the heavily traveled I-15 Fwy in the High Des...
| Indio Multifamily Property Sale Sets Record at $132k/Unit
A San Diego-based private investment group paid $16.5 mil for Parkwood Apartments at Polo Grounds, a 125-unit ($132k/unit) residential community in Indio.
Built on a 7.51-acre site in 2014, the property is located at 81777...
| Private Investor Buys 80k sf Retail Center in Moreno Valley
An unnamed SoCal investor paid $5.73 mil for Lakeshore Village Marketplace, an 80k sf ($72/sf), value-add neighborhood retail center in Moreno Valley. The property was sold by two family trusts from Los Angeles.
Built in 19...
| Canadian Investor Spends $8 Mil on Two Inland Empire Multifamily Properties
Two multifamily properties containing a combined 84 units in San Bernardino were purchased by a Canadian-based investor for a total of $8 mil.
One of the properties, located at 1340 North F St, features six studios, 25 one-b...
| OC Investor Buys Inland Empire Industrial Asset
An Orange County-based private investor paid $1.75 mil for a 13.8k sf ($127/sf), fully occupied, three-tenant industrial condo in Murrieta. The property was sold by an entity of the property’s largest tenant, Pump it Up, whic...
| Warehouse Construction Surge Lifts Industrial Land Prices By Double Digits In Major US Logistics Markets, Led by California’s Inland Empire
The e-commerce-fueled surge in development of warehouses and distribution centers has generated double-digit, year-over-year percentage increases in prices for industrial land in major markets, led by California’s Inland Empi...
| NY-Based Investment Entity Pays $1,268/sf for Newly Constructed Inland Empire Starbucks
New York-based Fata Organization LLC recently purchased a newly developed, 2.5k sf single-tenant, NNN-leased retail property that is occupied by Starbucks Coffee with a drive-thru. The property, located at 17142 Slover Ave i...
| Local Investor spends $4.8 Mil for Cameron Historical Building in Temecula
Murrieta-based Winchester Partners LP paid $4.8 mil for Cameron Historical Building, a mixed-use property in Temecula. Located in the heart of the city’s Old Town, the fully occupied property includes 24 affordable housing un...
| Sunshine Metals Brightens Up Corona Industrial Market with Warehouse Lease
Sunshine Metals Inc agreed to an eight-year, $4 mil lease for a 68.4k sf ($0.61/sf/mo) freestanding industrial warehouse in Corona. The building is located on a 157.3k sf lot at 1228 Sherborn St, east of I-15 and just south o...
| Rexford Industrial Realty Closes Out 2017 with a $63 Mil SoCal Portfolio Buy
Rexford Industrial Realty purchased a four-property, 416.8k sf industrial portfolio for approximately $62.7 mil. The acquisitions were completed during the fourth quarter of 2017 and were funded using cash on hand, draws on t...
| Inland Empire Hotel Asset Trades for $94k/Room
The Best Western Moreno Hotel & Suites, a 120-room hospitality property located in Moreno Valley, has sold in an $11.24 mil ($93.7k/room) transaction.
Built in 1986, the Best Western Moreno Hotel & Suites is located at 24840...
| Freedom Solar Powers Temecula Industrial Activity with New HQ Lease
Freedom Solar inked an 88-month lease for 21.4k sf of industrial space in Temecula. The lease value was not disclosed.
Freedom Solar, which will use the space as its headquarters, will be relocating and expanding to its new ...
| Medical Users May Resuscitate Long Dead Retail Big Box Space in the Inland Empire
This report was provided to us by CBRE and is based on research conducted by the global real estate services firm.
We’ve all heard the adage “if the shoe fits, wear it.” When we look at the Inland Empire’s (IE) large supply ...
| Temecula Claim Jumper Property Traded for $330/sf
An 11.2k sf, free-standing restaurant occupied by Claim Jumper in Temecula was acquired by New World LP, a California Limited Partnership, for $3.7 mil ($330/sf) in an all-cash deal. The property, located at 29540 Rancho Cali...
| Tower Energy Group Buys Dev Site in Rancho Mirage
Tower Energy Group paid $5.65 mil for a 22.48-acre, mixed-use development land site in Rancho Mirage. The land parcel, situated on the northeast corner of Monterey Ave and Frank Sinatra Dr, in a rapidly growing area of the ci...
| Heitman Affiliate Acquires 475k sf Inland Empire Industrial Asset
An affiliate of Heitman LLC purchased 290 Markham Street, a 475.2k sf, newly developed, fully leased, state-of-the-art industrial warehouse on over 24 acres in the Inland Empire city of Perris. The property was sold by Circle...
| Dedeaux Properties Closes Out an Active Second Half for 2017
Dedeaux Properties has closed the year by signing several major logistics companies to long-term leases for trucking facilities in key Southern California industrial markets.
In one deal, a Fortune 100 logistics company sign...
| Temecula Industrial Facility Traded Between Investors
A 60k sf, Class A industrial building in Temecula has purchased by a private investor for $7.4 mil ($123/sf). It was sold by a local investment company.
Built in 2006 and situated on 1.28 acres at 41995 Remington Ave, the pr...