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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...
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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...
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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...
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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...
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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...
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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...
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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...
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