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October 22, 2020
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INLAND EMPIRE NEWS
Archive
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• 11-Building Inland Empire Office Park Acquired by Two Separate Buyers
1/19/11
An 11-building, 86.7k sf office park in Riverside was purchased in two separate transactions by two different buyers. The deals had a combined value of $6.4 mil for an average price of about $74/sf. The properties are locate...
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• SF Valley Buyer Acquires Inland Empire Strip Center
1/17/11
Stoney Creek Retail Center, a 14.3k sf retail strip center located at 7354 Stoney Creek Dr in Highland, was purchased by Infinity Commercial Group LLC, out of Canoga Park, for $2.1 mil ($147/sf) in an all-cash deal. The REO ...
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• HFF Arranges $33 Mil on UC Riverside Student Housing Property
1/13/11
In a big Inland Empire financing deal, HFF (Holliday Fenoglio Fowler, L.P.) arranged $33 mil in Freddie Mac money for Sterling University Palms Student Housing, a student housing community adjacent to the University of Califo...
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• Trio of SoCal Retail Sales Total Over $4 Mil
1/07/11
Jereme Snyder of Colliers International represented the sellers in three recent SoCal retail sales. The transactions had a combined value of $4.23 mil. The sales include the following: • Commonwealth Sevenlen LLC, a private ...
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• Ontario Extends Development Impact Fee Deferral Program
1/07/11
Ontario’s Mayor and City Council unanimously voted to extend the City’s Development Impact Fee (DIF) deferral program, in an effort to foster continued investment and development in the community. The DIF Deferral Programs fo...
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• Blackridge Spends $15.7 Mil on Fontana Industrial Buy
12/30/10
BlackRidge Real Estate Group LLC recently closed on a large Inland Empire industrial acquisition, having paid $15.725 mil for acquired Jasmine Distribution Center, a 402.5k sf ($39/sf) vacant distribution building at 10721 Ja...
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• Riverside Corp HQ Facility Trades for $10.5 Mil
12/28/10
In corporate real estate news from the Inland Empire, Aviar Investments LLC paid $10.5 mil for a 175k sf ($60/sf) HQ/distribution property in the city of Riverside. The property, located at 900 S. Dupont Ave, was purchased fr...
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• Trio of Land Sales in Ontario Master-Planned Community Total Up to $30 Mil
12/21/10
Whittlesey Doyle has completed the sale of three separate land transactions in the master-planned community New Model Colony in Ontario. The deals, totaling approximately 176 acres, encompass 800 proposed lots and units, for ...
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• Capstone Advisors Picks Up Lots of Lots in La Quinta
12/17/10
Capstone Advisors has purchased 60 residential lots in the Riverside County community of La Quinta. The acquisition, which is comprised of the remaining finished lots in a 97-lot community known as Piazza Serena, was original...
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• Local Business Owner Purchases 47-Acre Tehachapi Site
12/17/10
One of the largest available parcels of commercial property in Tehachapi – a 46.8-acre site with extensive frontage along Tehachapi Blvd – was purchased by an entity headed by a local businessman. The buyer intends to develop...
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• Draftsmen & Craftsmen
12/13/10
In the latest development news from the Inland Empire, the Hon. Jerry Lewis County of San Bernardino High Desert Government Center and the Hesperia Police Department Headquarters facilities were just completed. Both facilitie...
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• Industrial Firms Acquire Riverside Manufacturing and Distribution Facilities
12/10/10
A.M.A. Plastics Inc purchased a 150.1k sf warehouse/distribution property within Hunter Park Business Center in Riverside for $7.1 mil ($47/sf). The facility, located at 1100 Citrus Ave, south of Center St and east of I-215, ...
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• Sysco Corp Picks Up 45-Acre Riverside Site
12/08/10
Sysco Corporation has acquired a 45-acre industrial land parcel in the Inland Empire city of Riverside for $18.1 mil ($9.23/sf). The land, which is located within a mile of the 215 Freeway, near three interchanges and in clos...
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• CT Realty / Behringer Harvard Venture Acquires 800k sf Inland Empire Portfolio
12/03/10
A joint venture of CT Realty Investors and Behringer Harvard has obtained financing of $21.5 mil for the purchase and lease-up of an 802k sf, four-building Inland Empire industrial portfolio that is currently just 29% leased....
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• $10.5 mil refi for retail center in Rancho Cucamonga
10/26/10
The Los Angeles office of Holliday Fenoglio Fowler, L.P. (“HFF”) announced that it arranged a $10.5 million refinancing for Haven Village, a 45.7k sf retail strip center in Rancho Cucamonga, CA in the Inland Empire. HFF Dire...
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• BlackRidge Real Estate Group Acquires 302K SF Distribution Center in Ontario, CA
10/22/10
BlackRidge Real Estate Group, LLC, a real estate investment and operating company based in Los Angeles and Denver, announced that it has recently acquired the fully leased, 302,020 square foot distribution center at 1000 Etiw...
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• Inland Empire Industrial Showing Signs of Improvement; Office Lagging
10/21/10
The following summary is a brief overview of the Inland Empire industrial and office markets during the third quarter of 2010. It was provided to us by Grubb & Ellis, a leading, national real estate services firm and one of ...
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• EastGroup Properties Gets REPET Business At Chino Property
10/19/10
In the Inland Empire city of Chino, EastGroup Properties has leased a 100k sf industrial space for ten years to REPET, Inc, a plastic recycling company. The property is located at 14207 Monte Vista Ave, south of Edison Ave an...
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• HFF Arranges $10.5 Mil on Rancho Cucamonga Retail Center
10/14/10
HFF (Holliday Fenoglio Fowler, L.P.) has arranged $10.5 mil in refi money for Haven Village, a 45.7k sf retail strip center in Rancho Cucamonga. Located at 6311, 6321, 6331, 6371 Haven Ave, directly off I-210 in northern Ranc...
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• Allied Forces to Take Over 600k sf Inland Empire Facility
10/05/10
Allied West Paper Corporation inked a 10-year, $20.5 mil lease of the Midway Distribution Center, a 612k sf ($0.28.sf.mo) industrial property in the city of Fontana. The property is located at 11101 Etiwanda Ave, east of I-...
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