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December 10, 2017
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INLAND EMPIRE NEWS
Archive
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• Montclair Multifamily Property Sells for $259/sf
8/11/17
Evart Street Apartments, a 68-unit, 34.2k sf multifamily complex in the Inland Empire city of Montclair, was purchased by Mak and Wen Management Inc for $8.85 mil. The deal works out to about $130k/unit and $259/sf, one of th...
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• Westcore Returns to San Bernardino in a Big Way
8/11/17
Westcore Properties has acquired an 830.8k sf, state-of-the-art, industrial building in San Bernardino. The property is located at 6207 North Cajon Blvd, just west of I-15. The price was not given out. The property features ...
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• New Corona Mixed-User Seeing Strong Retail Leasing Interest
8/10/17
There’s been significant retail leasing activity at Metro at Main, a new mixed-use community still under development in Corona. The project is located at North Main and Rincon Streets, directly across from the North Main Coro...
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• San Bernardino Apartment Property Trades for $84k/Unit
8/09/17
Eureka Manor, a 64-unit apartment property located in San Bernardino, sold for $5.4 mil, or $84k/unit. The property is located at 1525 East Eureka St, north of the 210 Fwy and east of Waterman Ave. Eureka Manor was built in ...
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• Investor Pays $132k/Unit for Multifamily Portfolio in Yucaipa and Calimesa, CA
8/01/17
KEBA Capital LLC paid $5.7 mil for a four -property multifamily portfolio located in Yucaipa and Calimesa, CA. The properties total 43 units ($132.5k/unit) with 32.5k sf of space. The two properties in Yucaipa are located at...
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• Palm Springs Retail Center Sells for $7.3 Mil
7/31/17
Palm Canyon Shopping Center, a 40k sf retail center in the heart of downtown Palm Springs, sold for $7.3 mil ($193/sf). The property, located at 471 South Indian Canyon Dr, was 56% occupied by six tenants at the close of escr...
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• MetLife Buys 460k sf Inland Empire Power Center
7/21/17
In an institutional retail investment buy out of the Inland Empire, MetLife Investment Management has acquired Chino Spectrum Towne Center, a 460k sf power center located in the affluent community of Chino. The property was s...
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• Exchange Investor Spends $5 Mil on San Jacinto Retail Property
7/18/17
A Newport Beach-based private family investment entity paid $4.9 mil for Dollar General Town Center, a 27.1k sf ($180/sf) multi-tenant retail center in San Jacinto. The property, located at 700-728 San Jacinto Ave, is 100% oc...
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• Grocery-Anchored Center in Corona Bought for $28.6 Mil by Ohio Entity
7/17/17
Sierra Del Oro Towne Centre, a 110k sf, Ralphs grocery-anchored shopping center in Corona, sold for $28.6 mil, or $260/sf. The property, located at the signalized intersection of Green River Rd and Serfas Club Dr, was acquir...
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• San Bernardino Multifamily Property Generates Multiple Offers Before Selling for $123k/Unit
7/14/17
An unnamed private investor out of Los Angeles paid $9.75 mil for Country Club Apartments, a 79-unit ($123.4k/unit) multifamily community in San Bernardino. Built in 1986, the property sits on a 5.44-acre site at 160 East Par...
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• Trumark Homes to Launch Two Res Communities in the Inland Empire
7/13/17
Trumark Homes is moving forward with two new Inland Empire residential communities – Founders in Chino Hills and another new project in Ontario. The two new developments will offer 76 new single-family homes and 114 new condo...
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• Exeter Property Group Buys Riverside Site for $12.5 Mil
7/10/17
Exeter Property Group purchased a 54.4-acre land site in Riverside for $12.5 mil. The property, located at the southwest corner of Alessandro Blvd and San Gorgonio Dr, is fully entitled and ready for construction of two indus...
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• Palm Desert Apartment Property Trades for $169k/Unit
7/07/17
Villa Del Sol, a 32-unit apartment property located in Palm Desert, sold for $5.4 mil, or $168.8k/unit. The property, located at 43095 Washington St, was acquired by a private investor. Built in 1980 and renovated in 2012, t...
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• Newell Brands Leases an Additional 195k sf in Victorville
6/28/17
In the latest industrial activity out of Victorville, Newell Brands inked a three-year deal for 195.5k sf of space at Distribution Centre 18 (DC 18) a 370k sf facility located at Southern California Logistics Airport (SCLA). ...
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• Exchange Investor Spends $8.9 Mil on Two-Tenant Retail Building in La Quinta
6/28/17
A two-tenant, 33.7k sf retail building in La Quinta, occupied by T.J. Maxx and ULTA Beauty, has sold for $8.86 mil, or $263/sf. The building, located at 78-825 Hwy 111, is within Washington Park Shopping Center, which include...
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• Glass Fabricator Buys 71k sf Corona Facility in $10 Mil Deal
6/15/17
Liberty Glass Fabricators has acquired a newly constructed 71.1k sf, Class A industrial facility in Corona for $9.95 mil ($140/sf). The property was sold by a partnership of Acacia Real Estate Group and Adler Realty Investmen...
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• Trumark Communities Acquires Master-Planned Res Community in Chino
6/15/17
Trumark Communities has acquired Rancho Miramonte, an 823-lot master-planned community in Chino, through a public foreclosure auction. Featuring eleven different neighborhoods, Rancho Miramonte is a master-planned community t...
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• Work Started on Riverside Medical Office Project
6/06/17
Pacific Medical Buildings (PMB) and Jacobs Development Company have broken ground on a two-story, 27k sf medical office building in Riverside. Once completed at year-end, the building will be 100% occupied by RadNet, the lead...
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• Rexford Industrial Realty Spends $141 Mil on Ontario Biz Park
5/26/17
SoCal-based Rexford Industrial Realty Inc recently closed two industrial transactions, an acquisition and a disposition, totaling over $181 mil. The larger deal was the purchase of Safari Business Center, a 1.14 msf project i...
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• MCA Realty Picks Up Eight Acres in Temecula for New Industrial Project
5/19/17
In industrial development news out of Temecula, MCA Realty has acquired an eight-acre parcel at 41573 Dendy Pkwy, on which they intend to construct a 140k sf building, which will be the first industrial development built in t...
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