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March 15, 2010
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INLAND EMPIRE NEWS
Archive
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• New Riverside Office Tower Completed
1/04/10
Construction was recently completed on Regency Tower, a 250k sf office building in Riverside. The 10-story build-to-suit structure was constructed over a three-level underground garage and will be occupied by the County of Ri...
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• Barnhart Gets Underway with $9 Mil Facility at Naval Air Weapons Station in China Lake
12/18/09
In news of an interesting project under development in the China Lake area, the Naval Facilities Engineering Command has broken ground on a $9 mil In-Service Engineering Facility at the Naval Air Weapons Station (NAWS). The 2...
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• OC Firm Closes $20 Mil Inland Empire Retail Buy
12/15/09
Newport Beach-based Stoneridge Capital Partners has acquired The Village at Indian Wells from A&B Properties Inc, the real estate subsidiary of Alexander & Baldwin Inc, in a $20 mil all-cash transaction. The purchase is part ...
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• 550-Space Inland Empire Manufactured Home Community Listed for $38 Mil
12/11/09
Colonial Country Club, a 550-space manufactured home community for seniors aged 55 and older in Hemet, has been listed for sale with an asking price of $38 mil ($69k/space). Located on about 94 acres at 601 North Kirby St in ...
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•  New Corona Senior Living Development Completed
12/10/09
Valencia Terrance also features a resort-like environment and includes a pool and spa, two beauty salons, commercial kitchen, theater room, exercise gym, massage, library, bistro and resident lounge. IPA (Irwin Pancake Dawso...
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• New $25 Mil TravelCenter Opens at Tejon Ranch
12/10/09
A new $25 mil TravelCenters of America (TA) retail facility just opened to the public within Tejon Industrial Complex (TIC) at the Laval Rd exit off I- 5, just south of the Hwy 99 junction. This strategic site is positioned t...
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• JLL Boosts Inland Empire Coverage with Addition of Four Industry Veterans
12/08/09
Four veteran Inland Empire industrial brokers have joined Jones Lang LaSalle: Managing Director Peter McWilliams, Executive Vice President Mike McCrary, Senior Vice President Ruben Goodsell, and Vice President Scott Leichtenb...
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• Community Bank Joins Waterside Center Community
11/24/09
Pasadena-based Community Bank signed a six-year, $1 mil lease for 7.4k sf ($1.88/sf/mo) at the 16-acre master planned Waterside Center office campus, bringing the total of new leases signed in the past 12 months to more than ...
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• ProLogis to Build 667k sf Ontario Distribution Facility
11/24/09
New commercial development may have slowed down to a trickle, but you can still find a few major projects moving forward. One such development is a new 667k sf distribution facility that ProLogis has agreed to build in Ontari...
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• Turner’s Pierce Street Office Buildings at 100% Leased after Recent Deals
11/02/09
Recent signings by American College of Healthcare and Chicago Title Insurance Company have brought occupancy at both of Turner Development Corporation’s Pierce Street office developments to 100%. The Pierce Street office bui...
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• Office Furniture Master Leases 100k sf of Ontario Space
10/27/09
Office Master Inc, an office furniture manufacturer, signed a 63-month lease for 101.7k sf of industrial space in western Ontario. The building is located at 1110 S. Mildred Ave, within the Belmont and Grove Business Park. R...
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• CIP Signs 11 Leases at Ontario Office Campus
10/26/09
There have been 11 leases signed in just the past three months at four of the buildings within Empire Towers, a master-planned, five-building business center containing over 525k sf of Class A office space in Ontario. CIP Rea...
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• Ashley Furniture Pays $4.2 Mil for Victorville Retail Property
10/23/09
Ashley Furniture Industries Inc acquired a 39.2k sf retail building in Victorville for $4.2 mil ($107/sf). The former Wickes Furniture store is situated on 2.3 acres at 12704 Amargosa Rd, north of the Victor Valley Mall and ...
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• New Seniors Housing Project Gets Underway in Ontario
10/22/09
The City of Ontario, the Ontario Housing Authority, and the Ontario Senior Housing Partners L.P. just broke ground on a new $18 mil seniors housing project, City Center Senior Apartments. Located at 280 North Lemon Ave in Ont...
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• Hodgdon-Miank Completes TI Work on 164k sf at Mountain View Industrial Center
10/21/09
Tenant improvements worth $1.2 mil have been completed for Stater Bros, Brands on Sale and two other buildings at Mountain View Industrial Center in Redlands, a freeway-visible development owned by RREEF and PGP Partners Inc ...
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• WCV Commercial Properties Agrees to a Deal for Dirt Cheap!
10/21/09
Dirt Cheap Inc, a landscape services company, locked up a sizable space in the Inland Empire, after agreeing to a four-year, $2.69 mil lease for 185.3k sf ($0.30/sf/mo) within Etiwanda Distribution Center. The property, locat...
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•  Inland Empire Industrial Market Feeling Effects of the Weak Economy
10/20/09
Here’s a quick review of the Inland Empire industrial market as of the end of the end of the third quarter, thanks to the latest data proved to us from Grubb & Ellis. • The industrial vacancy rate increased to 12.8 percent,...
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• Dedeaux Acquires Trailer Maintenance and Storage Facility in Rancho Cucamonga
10/12/09
Dedeaux Properties LLC purchased a 10-acre state-of-the-art transportation maintenance and trailer storage facility at 10801 Jersey Blvd, south of Foothill Blvd and east of Haven Ave in Rancho Cucamonga. It sold for $6.5 mil...
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• Westinghouse Will be Westing in a New 137k sf Chino Facility
10/06/09
Westinghouse Lighting Corporation inked a seven-year lease on a new 137.5k sf building in Chino. Westinghouse, which sells ceiling fans, lighting fixtures, lighting hardware and accessories, as well as light bulbs for both co...
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• Smart & Final Signs at New Palm Springs Retail Center
10/05/09
The first ground-up Smart & Final Extra! store in Palm Springs has just opened at Gene Autry Plaza, a news $17.5 mil, 60k sf shopping center developed by Investec. Located at the southeast corner of Ramon Rd and Gene Autry Tr...
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