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November 29, 2022
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INLAND EMPIRE NEWS
Archive
1  | 2  | 3  | 4  | 5  | 6  | 7  | 8  | 9  | 10  ...  79
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• JPI Acquires 482-Unit Riverside Res Project Currently Under Construction
8/02/22
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...
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• Barstow KFC Sells for $2.85 Mil
7/26/22
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...
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• Rexford Industrial Realty Completes $660 Mil of SoCal Industrial Buys
7/26/22
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...
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• Work Finished on 84k sf Building 2 at New Industrial Development in Menifee
7/20/22
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 ...
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• Sharp Capital and One Cole Group acquire 37k sf Industrial Building in Riverside
7/18/22
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 ...
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• McDonald Property Group to Build 1.8 msf Inland Empire Distribution Facility for United Legwear & Apparel Company
7/13/22
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...
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• Inland Empire Last Mile Facility Trades in $102 Mil Transaction
7/07/22
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...
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• New Single-Tenant Starbucks Property in Mojave Goes for Over $1,500/sf
7/06/22
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...
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• Dedeaux Properties Acquires Four Acres in Perris for Industrial Development
6/30/22
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...
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• Clear Capital Closes $82 Mil Multifamily Buy in the Inland Empire
6/23/22
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...
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• Real Estate Development Associates LLC and Clarion Partners-Led Fund Land $210 Mil in Construction Money for Ontario Industrial Development
6/22/22
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 ...
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• Interwest Capital Group Spends $45 Mil on 142-Unit Inland Empire Res Community
6/13/22
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...
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• Moreno Valley Retail Asset Generates $21 Mil Sale
6/10/22
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...
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• Mammoth Lakes Retail Property Gets New Owner in $8.9 Mil Deal
6/09/22
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...
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• Inland Empire Cardenas Market Trades at 4.74% Cap Rate
6/07/22
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...
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• Ontario Res Community Trades for $434k/Unit
5/20/22
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,...
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• Red Mountain Group Closes $42 Mil Retail Buy in the Inland Empire
5/17/22
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...
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• Nova Storage Buys 55k sf Inland Empire Facility
5/17/22
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...
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• Dunleer Spends $2.3 Mil on Development Land in the Inland Empire
5/16/22
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...
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• Rexford Industrial Realty Closes on Six SoCal Acquisitions Totaling $152 Mil
5/12/22
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...
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