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• Newmark Realty Capital Arranges Refi Deals on Two SoCal Retail Centers
12/29/14
In SoCal retail financing news from the fourth quarter of 2014, Newmark Realty Capital Inc assisted with the refinancing of two shopping centers, including the coordination of a defeasance process for one of the original loan...
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• La Quinta Medical Office Building Fetches $25 Mil
12/16/14
In a recent SoCal medical office building acquisition, La Quinta Medical Center was purchased by a large real estate investment trust that specializes in the healthcare sector. The two-story, 41.6k sf property, located at 476...
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• Stirling Capital Investment to Begin Construction of 450k sf Industrial Facility in Victorville
12/10/14
The City of Victorville has approved entitlements for Stirling Capital Investment to begin development of a new, 450k sf industrial building on 22 acres at the Southern California Logistics Airport (SCLA). The new industrial ...
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• Inland Empire Apartment Community Trades for $25 Mil
12/08/14
Villaggio at La Quinta, a 149-unit apartment community in La Quinta, sold for $24.85 mil, or $166.8k per unit. The 153.2k sf complex, originally designed as a condo complex, is located at 80175 Avenue 52, south of Hwy 111.
B...
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• TIAA-CREF Buys 377k sf Industrial Facility from TA Associates
12/04/14
In a significant industrial sale transaction from the Inland Empire, TIAA-CREF purchased a 377.1k sf, Class A facility in Eastvale. The building, located at 4000 Hamner Ave, south of the 60 Fwy and west of I-15, was sold by T...
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• Inland Empire Industrial Park Sells for Over $20 Mil
12/03/14
Ontario Pacific Business Center, a 246k sf biz park in the Inland Empire city of Ontario, recently sold for $20.18 mil, or $82/sf. The asset was purchased from MetLife by a private investor.
Located at 3919-3979 East Guasti ...
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• CT Realty and Prudential Real Estate Investors Acquire Riverside Site for 200k sf Ind Development
12/03/14
CT Realty and Prudential Real Estate Investors have formed a $120 mil joint venture that will focus on development of industrial buildings for sale in Southern California. In its first acquisition, the joint venture has purch...
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• Alliance Residential Closes on 300-Unit Inland Empire Apartment Community
12/03/14
Phoenix-based Alliance Residential closed on a large multifamily buy in the Inland Empire, paying $45 mil for Lasselle Place, a 304-unit ($148k/unit) community in Moreno Valley. The property, which was sold by a large Los Ang...
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• New Industrial Building under Construction in Corona
11/26/14
Investment Building Group has begun work on an 81k sf industrial building in Corona. The Class A building, located at 200 River Rd, will include two office spaces totaling around 5.5k sf, each with a mezzanine above for offic...
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• Ontario Industrial Building Finally Sells in a $10.6 Mil Deal that Took Over a Year to Close
11/24/14
After months of negotiations, escrow extensions and re-negotiations, a 136k sf industrial building in Ontario finally sold, in an off-market deal valued at $10.6 mil ($78/sf).
First Industrial, based in Chicago and the owne...
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• Ontario Office Building Sells for $26 Mil
11/19/14
Golden Gate Theological Seminary closed on a very newsworthy office acquisition out of the Inland Empire, paying $26 mil for a 145k sf ($179/sf), Class A building in Ontario. The property, located at 3210 E. Guasti Rd, was so...
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• Riverside Industrial Facility Sells for Over $43 Mil
11/17/14
In a large industrial acquisition in the Inland Empire, Scuderia Development LLC, based out of China, purchased a 600k sf property within Meridian Business Park in the city of Riverside. The property, situated on 27 acres at ...
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• Newmark Realty Capital Arranges Purchase Money for Fee Interest in Rancho Cucamonga Lowe’s Ground Lease
11/07/14
George Mitsanas, Principal, Braden Turnbull, Principal, and Michelle Hsieh, Associate, of Newmark Realty Capital Inc’s Los Angeles office, have arranged acquisition financing of $5.9 mil for the fee interest of a Lowe’s groun...
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• Corona Industrial Sale Comp Trades at $119/sf
11/06/14
A 31.1k sf industrial building in Corona was acquired for $3.7 mil ($119/sf). The property is located at 369 Meyer Circle, just north of the 91 Fwy and west of I-15.
The property was purchased in an off-market transaction by...
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• Draftsmen & Craftsmen
11/06/14
Construction has been completed on the Cal Poly Pomona student recreation center, the Bronco Recreation and Intramural Complex (BRIC). The new LEED® Silver certified project was completed in September 2014. Built by C.W. Driv...
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• Prologis Purchases 428k sf Inland Empire Facility Currently Under Construction
11/05/14
Global industrial REIT Prologis has purchased via a pre-commitment transaction a 428k sf, state-of-the-art building currently under construction in the Inland Empire city of Rialto. The building was sold by the developer, Irv...
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• Newcastle Partners Busy Building and Selling Industrial Facilities in Ontario
11/03/14
San Francisco-based Newcastle Partners Inc recently wrapped up two notable transactions in Ontario. In one of the deals, the firm collected $8.3 mil from the sale of West Ontario Distribution Center, a 90.3k sf industrial war...
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• Rancho Cucamonga Retail Property Sells for $5 Mil
10/17/14
Plaza De Las Brisas, a 34.7k sf retail property in Rancho Cucamonga, recently traded hands at a price of just under $5 mil ($144/sf). The property is located at 9819-9889 Foothill Blvd, at the intersection with Ramona Ave.
T...
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• Ontario Distribution Center for Pier 1 Imports Lands $54 Mil in Refi Money
10/15/14
HFF recently secured $54 mil in refi money for a distribution center and warehouse facility in Ontario that is used as the main distribution center for Pier 1 Imports Inc’s West Coast operations. The borrower was an institut...
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• Los Angeles Car Wash Spends $11 Mil on Two More Acquisitions
9/29/14
Los Angeles Car Wash Corporation recently wrapped up two more property acquisitions, valued at $11.4 mil, giving the company four purchases totaling $22.4 mil in the last three months.
In one of the recent deals, the compa...
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