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• Nick DiCosola and Ron Barbieri Team up with Joe Brady in New Venture
9/20/11
Commercial real estate veterans Nick DiCosola and Ron Barbieri have teamed up with another SoCal industry leader, Joseph Brady, in a newly formed venture with The Bradco Companies, Brady’s successful real estate services firm...
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• Marcus & Millichap Apt Research: Riverside-San Bernardino 3Q 2011
9/15/11
Although the Inland Empire struggles with one of the weakest economies in California, the apartment market has maintained a steady path of improvement since its lowest point of the recession in 2009. A confluence of pent-up d...
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• Riverside Multifamily Property Sold in $32 Mil Transaction
9/15/11
Waterstone Magnolia, a 304-unit multifamily community in Riverside, sold for $32.5 mil, or roughly $107k/unit. The property is located at 3610 Banbury Dr, north of the 91 Fwy and west of Tyler St.
Constructed in 1985, Water...
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• SC Edison Leases 1.68 msf Inland Empire Rooftop Space from DEXUS Property Group
9/15/11
Here’s the scoop on a rather interesting deal, as DEXUS Property Group leased 1.685 msf of rooftop space at an industrial property in Perris, California to Southern California Edison (SCE) for the creation of the largest indi...
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• Westcore’s Brutten Picks Up Cathedral City Retail Property
9/14/11
Marc Brutten has acquired Mission Plaza Retail Center, a 72.8k sf, distressed neighborhood retail center in Cathedral City, for $3.17 mil ($43.50/sf). The property, located at 35781-35935 Date Palm Dr, north of Gerald Ford Dr...
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• Simpson Strong-Tie Expands into 396k sf Inland Empire Facility
9/08/11
Here’s an update on a couple of Inland Empire industrial deals. In one, Simpson Strong-Tie purchased (Note: we previously reported this transaction as a lease) an existing 396k sf industrial building in the Agua Mansa redevel...
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• $600+/sf Victorville CVS Sale is a LandMark Deal
9/02/11
A freestanding, 12.9k sf CVS/pharmacy in the city of Victorville sold for $7.95 mil, or around $615/sf. The single-tenant building is located at 14426 Palmdale Rd, within El Evado Plaza shopping center. We’re told that the tr...
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• BlackRidge Closes Industrial Buys in Chino and Phoenix
8/31/11
BlackRidge Real Estate Group LLC recently acquired two industrial properties, one in Chino and another in Phoenix. The firm also announced that it has consolidated and expanded its operations and relocated its headquarters f...
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• Murrieta Office Market Attracting Global Investors
8/30/11
In a Murrieta office buy, Global Building LLC purchased a 55.4k sf multi-tenant building on 2.86 acres. Global is a commercial real estate development and investment company with offices in California, Texas and Washington.
...
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• Corona is a Good Place for a Newcastle
8/25/11
Newcastle Partners Inc and capital partner HG Capital LLC have acquired Corona Gateway, a three-story, Class A office building totaling 68k sf. Built in 2008, the property is located at 4740 Green River Rd directly off the 9...
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• CT Realty Closes Big Industrial Buy in Riverside County
8/23/11
CT Realty Investors Inc has acquired Dowling Orchard Business Park, which includes two new state-of-the-art industrial warehouse buildings totaling 572.1k sf as well as 30 acres of land entitled for another 611k sf building. ...
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• Chinese Investors Pick Up Temecula Retail Center
8/23/11
A Rowland Heights investor paid $5.65 mil for a fully occupied 14.5k sf ($390/sf) retail property located at the entrance of Promenade Temecula, a 1.14 msf regional mall in Temecula. Built in 2000, the property is situated on...
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• Overton Moore Acquires 18-Acre Fontana Site for New Development
8/19/11
Overton Moore Properties just acquired an 18-acre site in Fontana, on which they plan to develop a 454k sf Class A Industrial Building, to be called OMP Fontana Distribution Center. The price was not disclosed.
The single-te...
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• State-of-the-Art Freezer Facility Sells for $91 Mil
8/18/11
Here’s the news on a big Inland Empire industrial buy we just learned about, as Cole Real Estate Investments purchased a newly completed 496k sf freezer facility in Riverside for $91.5 mil ($185/sf). The LEED-certified buildi...
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• Corona Retail Center Lands $17 Mil in Financing
8/15/11
Cassidy Turley BRE Commercial’s Capital Markets Group arranged a $17.1 mil loan for Eagle Glen Plaza, a 95.8k sf shopping center in Corona. Goldman Sachs Commercial Mortgage Capital provided the financing, a five-year, fixed ...
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• Industrial Income Trust Acquires 300k sf Ontario Industrial Building
8/15/11
Industrial Income Trust purchased a 300.2k sf Ontario industrial building for $24.05 mil, or about $80/sf. Located at 1950 Sterling Ave, north of Hwy 60 and west of I-15, the building is 100 percent leased for 10 years to Bo...
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• Victorville CVS Property Trades for Over $600/sf
8/11/11
A 12.9k sf, single tenant NNN-leased property occupied by CVS Pharmacy in the city of Victorville traded hands in a recent sale valued at $7.95 mil. The property, located at 14426 Palmdale Rd, west of I-15, was acquired by a ...
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• Morningside Closes Imperial Acquisition
8/10/11
Morningside Ventures LLC has purchased a 14-acre partially completed residential subdivision in Imperial. The land features 15 single-family homes in various stages of construction, as well as multiple finished lots with foun...
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• Mountain Adds a Village in Riverside
8/08/11
Mountain Real Estate Capital (MREC) has acquired Village III within the Riverwalk Vista master plan in Riverside. MREC purchased the asset directly from Bank of the West and will be retaining Artisan Communities to complete t...
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• Major Renovation Nearing Completion at Ontario Industrial Facility
8/05/11
CapRock Partners is wrapping up renovation work on 500 S. Rockefeller Ave, a 57k sf industrial facility in Ontario. The building will be ready for occupancy this month.
CapRock acquired the property in March from the previo...
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