| JPI Acquires 482-Unit Riverside Res Project Currently Under Construction
JPI acquired a 482-unit apartment project on approximately 18 acres located near the intersection of CA-60 and I-215 in Riverside. The project is part of a larger 35-acre mixed-use development called The Exchange being develo...
| Barstow KFC Sells for $2.85 Mil
A newly constructed Kentucky Fried Chicken in Barstow traded for $2.85 mil. The property was a built-to-suit construction with a drive-through and opened for business in February 2022.
The property is located at 1440 E. Main...
| Rexford Industrial Realty Completes $660 Mil of SoCal Industrial Buys
Rexford Industrial Realty closed on the acquisition of seven industrial properties for an aggregate purchase price of $660.9 mil. The purchases, made in June and July of this year, were funded using a combination of cash on h...
| Work Finished on 84k sf Building 2 at New Industrial Development in Menifee
Jupiter Holdings LLC has completed construction of Scott Road Commerce Center’s building 2, an 84.2k sf, Class A industrial building in Menifee. Located at 33360 Zeiders Rd, the structure offers heavy power capabilities with ...
| Sharp Capital and One Cole Group acquire 37k sf Industrial Building in Riverside
DSquared Capital LLC (DSC), a newly formed joint venture between Sharp Capital and Cole Capital Group, acquired a 37k sf industrial building in Riverside for $6.15 mil ($166/sf) in an off-market transaction.
The property is ...
| McDonald Property Group to Build 1.8 msf Inland Empire Distribution Facility for United Legwear & Apparel Company
McDonald Property Group will soon start work on a 1.8 msf, single-story 40’ clear distribution center strategically located in the Inland Empire city of Beaumont. The build-to-suit project is designed to meet the growing dema...
| Inland Empire Last Mile Facility Trades in $102 Mil Transaction
In a recent Inland Empire industrial investment sale, A 344.4k sf, LEED Silver-certified last-mile, robotics distribution facility traded for $102 mil, or $296/sf. The NNN-leased facility sits on 17.34 acres at 18025 Slover A...
| New Single-Tenant Starbucks Property in Mojave Goes for Over $1,500/sf
A 3k sf, new construction, single-tenant Starbucks Drive-Thru with a café in Mojave sold for $4.56 mil ($1,520/sf). The property is located on 0.86 acres at 15652 Sierra Hwy along Highway 14, just past the Highway 58 intercha...
| Dedeaux Properties Acquires Four Acres in Perris for Industrial Development
Dedeaux Properties LLC purchased two land parcels totaling 4.08 acres located at 945 and 995 W. Markham St in Perris for $5.96 mil. The land is planned for the development of an industrial facility.
Dedeaux Properties and it...
| Clear Capital Closes $82 Mil Multifamily Buy in the Inland Empire
Clear Capital purchased Foothill Ridge, a 232-unit apartment asset in Upland, for $82 mil, or $353.4k/unit. The property was sold by Virtu Investments.
Foothill Ridge Apartments is a garden-style apartment complex made up of...
| Real Estate Development Associates LLC and Clarion Partners-Led Fund Land $210 Mil in Construction Money for Ontario Industrial Development
A joint venture between Newport Beach-based Real Estate Development Associates LLC and an industrial fund managed by Clarion Partners LLC has obtained $210 mil in construction financing for the development of the first phase ...
| Interwest Capital Group Spends $45 Mil on 142-Unit Inland Empire Res Community
San Diego-based Interwest Capital Group paid $45.6 mil for ReNew Mills, a 1980’s built 142-unit multifamily community in Ontario. Located at 551 East Riverside Dr, adjacent to the Ontario Ranch master-planned community, the p...
| Moreno Valley Retail Asset Generates $21 Mil Sale
Moreno Beach Plaza II, an 82.3k sf retail center in Moreno Valley, traded hands in a recent $21 mil ($255/sf) deal. The property, located at 27610 Eucalyptus Ave, consists of three single-tenant parcels, a multi-tenant pad bu...
| Mammoth Lakes Retail Property Gets New Owner in $8.9 Mil Deal
Mammoth Main Street Promenade, a 42.8k sf shopping center located in the heart of Mammoth Lakes, CA, was purchased for $8.85 mil ($207/sf) by an OC-based 1031 exchange investor.
Built in 1988, Mammoth Main Street Promenade i...
| Inland Empire Cardenas Market Trades at 4.74% Cap Rate
A 43.4k sf, single-tenant net-leased investment occupied by Cardenas Markets in San Bernardino sold for $8.23 mil ($190/sf). The building, located within the fully leased Sterling Plaza shopping center in San Bernardino, trad...
| Ontario Res Community Trades for $434k/Unit
Charlmont Village Townhomes, a 55-unit property in Ontario, was acquired by a private investment group from Beverly Hills for $23.9 mil, or $434.5k/unit. The property was nearly 100% occupied at time of sale.
Built in 1984,...
| Red Mountain Group Closes $42 Mil Retail Buy in the Inland Empire
In a SoCal retail buy, Red Mountain Group purchased Country Fair Shopping Center, a 168.3k sf, multi-tenant neighborhood shopping center in Chino, for $42.25 mil, or $251/sf. The property was sold by a publicly traded real es...
| Nova Storage Buys 55k sf Inland Empire Facility
Nova Storage has boosted its portfolio with the recent purchase of Ballpark Self Storage, a 55.5k sf storage facility located in Adelanto, a city roughly 40 miles north of San Bernardino in the Inland Empire. Nova is a region...
| Dunleer Spends $2.3 Mil on Development Land in the Inland Empire
In Inland Empire development news, Dunleer has acquired a 4.6-acre land parcel located at the southeast corner of Cajon Blvd and June St in San Bernardino. Dunleer paid $2.275 mil for the site and plans to entitle it for a co...
| Rexford Industrial Realty Closes on Six SoCal Acquisitions Totaling $152 Mil
Rexford Industrial Realty Inc recently wrapped up acquisitions of six industrial properties for an aggregate purchase price of $152.7 mil. The purchases, all off-market, were funded using a combination of cash on hand and the...