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March 28, 2024
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INLAND EMPIRE NEWS
Archive
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• Temecula Retail Center Acquired by Pathfinder Partners in Two Transactions
9/20/13
San Diego-based Pathfinder Partners LLC purchased Bel Villaggio I and II and Bel Villaggio III, two specialty retail centers in Temecula, in separate deals totaling nearly $18.5 mil. Built in phases from 2002 to 2005, Bel Vil...
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• Investors Spend $20 Mil on Two Riverside Retail Centers
9/18/13
Two Riverside retail centers sold in recent deals totaling more than $20 mil. The properties, Michaels Plaza and Stater Bros Plaza, contain a combined 122k sf of retail space. In one of the transactions, The Krausz Companies...
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• State of CA Inks Build-to-Suit Lease for New Testing Facility in Fontana
9/17/13
The State of California signed off on a 20-year lease with Beverly Hills-based DW Development for a 7.4k sf build-to-suit building on approximately six acres of land in Fontana. The total consideration of the lease, consistin...
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• Alere Property Group Picks Up 1.1 msf of Inland Empire Industrial Space
9/13/13
Alere Property Group LLC closed on a large Inland Empire industrial acquisition, purchasing two Class A industrial buildings totaling 1.1 msf in Rialto. The buildings, Rialto Commerce Center II and III, are located at 120 Sou...
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• Rancho Cucamonga Building Picked Up by Investor for Over $9 Mil
9/12/13
A 138.6k sf industrial building in Rancho Cucamonga sold for $9.2 mil ($66/sf). Built in 1984, the property is located at 10401 7th St, west of Haven Ave and south of Foothill Blvd. It was fully leased at the time of sale. J...
Price: $4.99
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• Rancho Mirage Property Leased to Union Bank Sells for $850/sf
9/05/13
A private investor paid $6 mil for a 7k sf ($857/sf) property in Rancho Mirage net-leased to Union Bank. The buyer paid all cash. Located in the heart of the Palm Springs Valley, the Union Bank is positioned off Hwy 111. The...
Price: $4.99
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• KB Homes Buys 40 Acres in Eastvale
8/29/13
KB Home has acquired 40 acres of land in the Inland Empire city of Eastvale, roughly 15 miles west of Riverside, from Irvine-based Stratham Communities. The purchase price was not disclosed. Located at the northwest corner ...
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• Housing Market Rebirth Spurs Leasing in the Inland Empire
8/28/13
Here’s a mid-year review of the Inland Empire office market, provided to us by Marcus & Millichap, the national real estate investment services firm. This summary is pulled from the firm’s quarterly Office Research / Market O...
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• SR Commercial Picks Up Two More SoCal Industrial Assets
8/27/13
SR Commercial has acquired two SoCal industrial properties totaling 82.5k sf in recent deals totaling $4.4 mil. With these purchases, the company has added about $60 mil in properties to its portfolio over the last 24 months....
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• Chinese Private Investor Spends Nearly $18 Mil on Redlands Retail Asset
8/21/13
In a recent retail buy from Riverside County, a Chinese private investor paid $17.7 mil for a 97k sf ($182/sf) portion of the Pavilion at Redlands shopping center in Redlands. The property, situated on 7.92 acres at 2054-1094...
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• SoCal Investors Trade 347-Unit Rialto Apartment Community
8/20/13
Orchard Heights, a 347-unit apartment community in the city of Rialto, recently traded hands at a price of $26.1 mil, or $75.2k/unit. The property is located at 200 South Linden Ave, south of Arrow Blvd and west of Cedar Ave....
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• New 298-Unit Ontario Res Development to Get Underway in Early 2014
8/19/13
Here’s the scoop on a major res development set to get underway in Ontario in early 2014. The Picerne Group has announced plans for a Class A, 298-unit apartment community at East 4th St and Haven Ave. The highly desirable lo...
Price: $4.99
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• CT Realty Investors Picks Up Leased 138k sf Facility in Rancho Cucamonga
8/14/13
CT Realty Investors has purchased a 138.6k sf industrial property in Rancho Cucamonga for $9 mil ($65/sf). The property, located at 10401 Seventh St, north of I-10 and just west of Haven Ave, was sold by Waitex International...
Price: $4.99
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• Work Completed on New 600k sf Beaumont Distribution Facility for ICON Health
8/12/13
CT Realty Investors and ICON Health & Fitness have completed construction of ICON’s new distribution building in Beaumont. Located at 630 Nicholas Rd, the 600k sf facility is the largest building ever to be constructed in the...
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• Chinese Investors Like My Big Fat Greek Restaurant
8/09/13
Two free-standing, single-tenant retail properties in SoCal that are occupied by My Big Fat Greek Restaurant traded hands in deals totaling $3.7 mil. The properties, located in Temecula and LaVerne, were sold in a pre-sale st...
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• Mountain Real Estate Capital and Warmington Residential Form Partnership
8/08/13
Mountain Real Estate Capital (MREC) and Warmington Residential have formed a partnership to acquire and develop 48 lots located within the prestigious Stellan Ridge community in Riverside. This is the first venture between MR...
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• Investors Spend $7 Mil on Hemet Retail Properties
8/06/13
Eric P. Wohl, senior vice president of Hanley Investment Group, represented the buyer, Time Equities Inc of New York, NY, and the seller, a private investment company based in Newport Beach. According to Wohl, the Hemet marke...
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• Alliance Commercial Partners Invests $41.5 Mil in Inland Empire Office Product
8/05/13
Alliance Commercial Partners, a Denver-based privately held real estate operating and investment company, purchased Market Street Corporate Center I & II and Riverside Gateway I & II for $41.5 mil. The acquisition consists of...
Price: $4.99
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• Crown Realty Leases Ontario Facility to an Honest Company
8/02/13
The Honest Company, a leading distributor of baby products, has leased a 130.6k sf industrial facility in the Inland Empire city of Ontario. The three-year deal has a total value of approximately $2 mil, which averages out to...
Price: $4.99
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• Pair of Recent Inland Empire Multifamily Sales Total Over $55 Mil
7/19/13
A Bay Area-based private investment group recently completed the sales of two Inland Empire apartment communities totaling 384 units and totaling $55.75 mil in price. The properties, located in the cities of Riverside and Mor...
Price: $4.99
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