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March 29, 2024
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INLAND EMPIRE NEWS
Archive
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• 388k sf Trophy Retail Center in Chino Hills Put on the Market
4/17/14
RENTV has learned that The Shoppes at Chino Hills, a 388k sf, trophy lifestyle center located in Chino Hills, has been put on the market. An asking price was not given out. The Shoppes is being sold by a private Southern Cal...
Price: $4.99
Executive Subscriber Price: Free
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• ALDI to Build 850k sf SoCal Regional Distribution Center in Moreno Valley
4/07/14
ALDI, a national grocery chain, has acquired a 55-acre site in Moreno Valley, with plans to build an 850k sf SoCal regional headquarters. Batavia, IL-based ALDI recently announced plans to open 650 new stores nationwide over ...
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• Johnson Capital Arranges $8.6 Mil on Claremont Office Asset
4/03/14
Geoffrey Arrobio, Senior Vice President in Johnson Capital’s downtown Los Angeles office, arranged an $8.6 mil loan secured by a 79.8k sf office property located on the Keck Graduate Institute (KGI) Applied Life Science Campu...
Price: $4.99
Executive Subscriber Price: Free
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• Investor Buys 42 Acres in Upland and Claremont
4/01/14
An institutional investor purchased a 42-acre land site in the Inland Empire cities of Upland and Claremont, for $48 mil. The land, known as “Park View,” was sold Allied Retail Partners LLC, an affiliate of LBG Real Estate Co...
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• CIRE Equity buys 230k sf Murrieta Crossing
3/31/14
La Jolla-based CIRE Equity bought Murrieta Crossing, a 230k sf retail center located at 39700 Avenida Acacias in Murrieta. The property was sold by Sacramento-based special servicer Bluett & Associates for $16.5 mil ($72/sf)....
Price: $4.99
Executive Subscriber Price: Free
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• Solar City Corporation, Pacific Aviation Group and Southern California Aviation Start 2014 with New Deals in Victorville
3/28/14
In the latest activity to kick off 2014 at the Southern California Logistics Centre (SCLC), a 2,500-acre industrial and commercial complex in Victorville, Solar City Corporation signed a new four-year lease for 7.4k sf of spa...
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• Taiwanese Computer Equipment Manufacturer Buys 89k sf Ontario Facility
3/25/14
Chenbro Micom purchased their current 88.8k sf HQ/distribution building in Ontario for roughly $8 mil. The building is located at 2800 Jurupa St, within IIT Hofer Ranch. The company had originally signed a lease/option last D...
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• Temecula Mixed-Use Property Sells
3/21/14
Old Town Center, a 29.5k sf mixed-use development in Temecula, sold for $7.65 mil ($259/sf). Built in 2009, the property is located at 28544 Old Town Front St, north of Temecula Pkwy on the west side of I-15. The three-story...
Price: $4.99
Executive Subscriber Price: Free
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• Moreno Valley Retail Asset Acquired by Brixton Capital for $42 Mil
3/20/14
In a sizable SoCal retail investment buy, San Diego-based Brixton Capital has purchased TownGate Center, a 285.8k sf community shopping center in the Inland Empire city of Moreno Valley (an incorrect earlier headline said Tem...
Price: $4.99
Executive Subscriber Price: Free
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• Hemet LA Fitness Bought for $11.2 Mil
3/14/14
A 50k sf LA Fitness property in the Inland Empire city of Hemet sold for $11.175 mil, or about $224/sf. The property is located at 220 North Sanderson Ave, at the corner of Sanderson and West Florida Ave (California State Rou...
Price: $4.99
Executive Subscriber Price: Free
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• Holiday Inn Express Temecula Sells for $11.4 Mil
3/10/14
A private investor purchased the Holiday Inn Express Temecula for $11.355 mil. The acquisition was financed with a 20-year fixed-rate, SBA 504 loan for $11.3 mil arranged by Ron Coomes of TMC Financing and funded by BBCN Bank...
Price: $4.99
Executive Subscriber Price: Free
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• Pet Foods Company Leases 109k sf Ontario Facility
3/07/14
Hager Pacific Properties has inked a long-term lease with a major pet foods company that will occupy a 108.7k sf manufacturing and distribution building near Ontario International Airport. We’re told that the 15-year lease h...
Price: $4.99
Executive Subscriber Price: Free
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• Terry W. Thompson Named as County of San Bernardino’s Director of Real Estate Services
3/05/14
Terry W. Thompson has been tapped to serve as the County of San Bernardino’s Director of Real Estate Services, succeeding the retiring Dave Slaughter. The Board of Supervisors last week unanimously approved an employment cont...
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• SR Commercial Spends $6 Mil on SoCal Value-Add Investments
2/25/14
San Diego-based SR Commercial recently acquired two SoCal properties totaling 79.3k sf, bringing its current portfolio to 813.8k sf, as of February 2014. The purchases, in Escondido and Murrieta, cost $6 mil. “Our newest acq...
Price: $4.99
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• Rexford Closes 114k sf Ontario Industrial Buy
2/14/14
Rexford Industrial Realty Inc has acquired Ontario Airport Business Park, a 113.6k sf industrial complex in Ontario, for $8.55 mil, or $75/sf. The project is located at 845, 855, 865 Milliken Ave and 4317, 4319 Santa Ana St, ...
Price: $4.99
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• American Bolts for 73k sf Fontana Space
2/12/14
American Bolt & Screw has signed a five-year lease for 72.7k sf of warehouse space in Fontana. The firm will occupy a portion of a 186.1k sf building located at 14650 Miller Ave, within the Fontana Commerce Center business pa...
Price: $4.99
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• Newcastle Partners Purchases 26 Acres for Riverside Spec Project
2/11/14
San Francisco-based Newcastle Partners recently acquired 25.74 acres of land in Riverside for a spec industrial development. The site is located at Opportunity Way and Meridian Pkwy, within Meridian Industrial Park. The firm...
Price: $4.99
Executive Subscriber Price: Free
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• Merlone Geier Partners Spends $49 Mil on Inland Empire Power Center
2/06/14
In a notable Inland Empire retail acquisition, Merlone Geier Partners bought Vernola Marketplace, a 211k sf power center located in Jurupa Valley. The asset was purchased from a joint venture between Rockwood Capital, Equity ...
Price: $4.99
Executive Subscriber Price: Free
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• Progressive Real Estate Partners Completes Over 300k sf of Inland Empire Retail Deals in 2013
1/29/14
Progressive Real Estate Partners closed out 2013 having executed 109 transactions totaling over 300k sf of space in the Inland Empire for 2013. The firm, led by Brad Umansky, completed transactions with a wide variety of nati...
Price: $4.99
Executive Subscriber Price: Free
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• Rancho Cucamonga Industrial Property Sells for $6.5 Mil
1/24/14
A 103.2k sf industrial building in Rancho Cucamonga traded hands at a price of $6.5 mil, or about $63/sf. The freestanding R&D / Manufacturing building is situated on a 4.7-acre lot. The property offers 40k sf of built-out ...
Price: $4.99
Executive Subscriber Price: Free
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