| Pacific West Communities Inc Acquires Affordable Housing Development Site in Indio
Pacific West Communities Inc paid just over $2 mil for 6.53 acres in Indio. The property, located at 47555 Jefferson St on a main artery through the city, was sold by United States Marshals Service.
The land parcel is in one...
| First Industrial Realty Trust Acquires Over 16 Acres of Contiguous Land in Perris
First Industrial Realty Trust has completed three acquisitions covering 16.26 contiguous acres of industrial zoned land in the Inland Empire city of Perris, with plans to develop a 315k sf industrial distribution center at th...
| San Bernardino Apartment Property Acquired as Part of a 1031 Exchange
A 55-unit apartment property in San Bernardino sold for $6.1 mil, or $110.9k/unit. The 49.6k sf property is located at 1275 E Date St.
The property features large floor plans with an average unit size of 902 sf and a mix of...
| Fully Leased Riverside Office Building Sold in $11 Mil Transaction
Pierson Plaza, a 38.1k sf office building in Riverside County, was purchased for $11.3 mil ($296/sf) by a Palm Springs-based real estate investment company. The property was sold by Long Beach-based Tahiti Partner Properties....
| Private Investor Completes Exchange that Consisted of Four SoCal Transactions Totaling $27 Mil
An investor has completed a strategic 1031 exchange of four properties with a total transaction value of $26.9 mil. The complex process involved the sale of a three-property, multi-family/mobile-home portfolio that included 6...
| Cardinal Health Leases 1 msf Facility in the Inland Empire
Cardinal Health has agreed to a long-term lease to occupy an entire 1.01 msf, state-of-the-art warehouse and distribution center in Riverside. Terms of the lease were not disclosed.
Acquired last month by Dedeaux Properties,...
| Rockefeller Group Starts Work on 204k sf Spec Distribution Center in the Inland Empire
Rockefeller Group has broken ground on a 203.9k sf, spec distribution center located on 8.78 acres of industrial land in Moreno Valley. The new building, which follows Rockefeller Groupís recent completion of 2 msf of new in...
| Largest Apartment Complex in Joshua Tree, CA Sells for $6.5 Mil
Quail Springs Village, a 75-unit multifamily property in Joshua Tree, CA, sold for $6.5 mil, or $87k/unit. The buyer was Pro Residential, a Los Angeles-based multifamily investment and property management firm.
Located at 6...
| Moreno Valley Apartment Property Sells for $143k/Unit
A 15-unit multifamily property in Moreno Valley was acquired for $2.15 mil ($143k/unit), in an all-cash deal. The buyer is an experienced local investor who owns several other buildings in Moreno Valley.
The 13k sf property,...
| Construction Started on $43 Mil Mt. San Jacinto College Campus
Construction has begun on Mt. San Jacinto Collegeís (MSJC) new $43.3 mil, 350k sf Temecula Valley Campus. The general contractor is C.W. Driver Companies.
Consisting of a seismic retrofit and tenant improvement of an existin...
| Inland Empire Senior Living Community Trades for $58 Mil
Altavita Village, a 589-unit senior living community in Riverside, was acquired by Senior Living Riverside LP, an affiliate of La Jolla-based Westmont Living, for $58 mil ($98.5k/unit). The asset, the third largest senor livi...
| Dalan Management Closes $37 Mil Inland Empire Res Buy
Dalan Management, a New York-based real estate investment and management firm, has acquired The Vue Apartment Homes, a 197-unit multifamily community in San Bernardino, for $37.4 mil ($190k/unit). The property was sold by FPA...
| Inland Empire Popeyes Drive-Thru Fetches $1,000/sf
A single-tenant Popeyes Louisiana Kitchen drive-thru restaurant in the Inland Empire city of Beaumont sold for $2.265 mil, or $1,006 per sf. Popeyes is on a 20-year absolute NNN lease with 18+ years remaining. The property, l...
| Cannabis Cultivation Facility in Desert Hot Springs Sells for $240/sf
A net-leased cannabis cultivation facility in Desert Hot Springs sold for $7.76 mil. The 32.4k sf ($240/sf) industrial condominium is leased to Zenco, a cannabis cultivation company, through 2025.
The property is located at ...
| Riverside Multifamily Community Purchased for $300k/Unit
Canyon Crest Views, a 178-unit multifamily property in Riverside, has traded hands in a recent $53.5 mil ($300k/unit) transaction. The 1980ís vintage asset boasts an excellent mix of predominantly two- and three-bedroom townh...
| Transwestern Development Company Acquires 22-Acre Development Site in Eastvale
Transwestern Development Co (TDC) has acquired a 22.34-acre site in Eastvale, about 50 miles east of downtown Los Angeles, for the development of a two-building industrial project encompassing approximately 337.9k sf of Class...
| Inland Empire Retail Center Acquired for $31.5 Mil by Private Investor
Corona Hills Marketplace, a 148.8k sf, grocery-anchored community shopping center located in the SoCal community of Corona Hills, sold for $31.5 mil ($212/sf). The property is situated on 12.28 acres at 529-591 N. McKinley St...
| Lifestyle Res Complex Opens in Murrieta
Mitchell Place, a 230-unit, lifestyle apartment community in Murrieta, has been completed and has opened to the public. The new gated neighborhood, a development of MBK Rental Living, consists of 78 flats and 152 townhomes wi...
| Spec Industrial Facility in the Inland Empire Sells for $123 Mil
Columbia Business Park Phase I, a 1 msf, Class A speculative industrial building, was acquired by an institutional real estate investor for $123.75 mil ($124/sf), making the deal one of the largest single-building transaction...
| Dedeaux Properties Secures $88 Mil for Its Recent Inland Empire Industrial Buy
Dedeaux Properties obtained $87.95 mil in financing for its recent purchase of a newly constructed, 1 msf state-of-the-art warehouse and distribution center in the Sycamore Canyon submarket of Riverside. Dedeaux Properties b...