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November 30, 2020
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INLAND EMPIRE NEWS
Archive
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• Big Inland Empire Lease gets the Royal Treatment
2/18/10
Royal Appliance Manufacturing Company inked a new lease for 415.8k sf of industrial space in a San Bernardino facility that just traded hands last year. The five-year deal represents one of the largest new leases in the Inlan...
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• 1031 Exchange Investor Picks Up NNN-Leased Retail Site in Menifee
2/16/10
A 1031 exchange investor purchased the fee-simple ownership in land leased to a single-tenant NNN Red Robin Restaurant in Menifee for $2.04 mil. The freestanding 6k sf pad building is located on 1.37 acres at 30142 Haun Rd, w...
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• Corona Wells Fargo Bank Building Sells for Over $500/sf
2/12/10
A 5k sf Wells Fargo Bank building in Corona sold for $2.6 mil ($520/sf) as part of a four-parcel break-up strategy for The Shops at Sycamore Creek. The property is situated on .75 acres at 11764 De Palma Rd, on the west side ...
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• Preservation Underway on Historic Ontario Buildings
2/10/10
Preservation work is now underway on nine buildings totaling approximately 175k sf within the city of Ontario’s Historic Guasti District. These historic buildings, once part of a thriving winery town, will be an important com...
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• Inland Empire Multifamily Investment Activity Expected to Increase Due to Jump in Distressed Listings
2/04/10
The local housing industry downturn will continue to adversely impact the apartment supply/demand balance in the Inland Empire this year, though operational performance will depend largely on location, says real estate servic...
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• State-of-the-Art Barstow Facility Hits the Market
2/03/10
MerueloMaddux Properties Inc, one of the biggest property owners in downtown Los Angeles, has just listed an 85k sf "state-of-the-art" concrete tilt-up industrial building in the city of Barstow. The building sits on just ove...
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• Capstone Advisors Picks Up 101 Entitled Res Lots in Riverside County
1/29/10
Capstone Advisors closed out 2009 with the purchase of 101 entitled residential lots in the Riverside County city of Wildomar. The 41-acre, REO property is known as “Rancho Fortunado Estates” and is located at the southwester...
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• Duralum Purchases an 82k sf Corona Industrial Building
1/27/10
Master Development Corporation (MDC) just closed its second major Corona industrial deal in the past 30 days. In the latest transaction, Duralum Products Inc paid $5.8 mil for an 82.4k sf ($70/sf) facility located at 2485 Rai...
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• La Quinta Shopping Center Receives LEED Gold for Core and Shell
1/25/10
Jefferson Square shopping center, a 37.5k sf neighborhood retail center located at the corner of Jefferson St and Fred Waring Rd in the Inland Empire city of La Quinta, received LEED for Core and Shell Gold certification by t...
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• San Bernardino Apartment Complex Sells for over $21 Mil
1/12/10
Broadstone Serrano, a 254-unit apartment community in San Bernardino, sold for $21.25 mil ($83.7k/unit) in a recent acquisition. The low-density (14.3 units/acre), garden-style property is located at 1930 College Ave, north o...
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• Dog Treats Manufacturer Jumps on the Inland Empire Leasing Waggin’ Train
1/08/10
Waggin Train LLC, an Anderson, SC-based company that makes and distributes dog treats, took 122k sf of industrial space in Corona after signing a 37-month, $1.3 mil ($0.29/sf/mo) lease at 1350 Railroad St, north of the 91 Fwy...
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• New Riverside Office Tower Completed
1/04/10
Construction was recently completed on Regency Tower, a 250k sf office building in Riverside. The 10-story build-to-suit structure was constructed over a three-level underground garage and will be occupied by the County of Ri...
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• Barnhart Gets Underway with $9 Mil Facility at Naval Air Weapons Station in China Lake
12/18/09
In news of an interesting project under development in the China Lake area, the Naval Facilities Engineering Command has broken ground on a $9 mil In-Service Engineering Facility at the Naval Air Weapons Station (NAWS). The 2...
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• OC Firm Closes $20 Mil Inland Empire Retail Buy
12/15/09
Newport Beach-based Stoneridge Capital Partners has acquired The Village at Indian Wells from A&B Properties Inc, the real estate subsidiary of Alexander & Baldwin Inc, in a $20 mil all-cash transaction. The purchase is part ...
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• 550-Space Inland Empire Manufactured Home Community Listed for $38 Mil
12/11/09
Colonial Country Club, a 550-space manufactured home community for seniors aged 55 and older in Hemet, has been listed for sale with an asking price of $38 mil ($69k/space). Located on about 94 acres at 601 North Kirby St in ...
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•  New Corona Senior Living Development Completed
12/10/09
Valencia Terrance also features a resort-like environment and includes a pool and spa, two beauty salons, commercial kitchen, theater room, exercise gym, massage, library, bistro and resident lounge. IPA (Irwin Pancake Dawso...
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• New $25 Mil TravelCenter Opens at Tejon Ranch
12/10/09
A new $25 mil TravelCenters of America (TA) retail facility just opened to the public within Tejon Industrial Complex (TIC) at the Laval Rd exit off I- 5, just south of the Hwy 99 junction. This strategic site is positioned t...
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• JLL Boosts Inland Empire Coverage with Addition of Four Industry Veterans
12/08/09
Four veteran Inland Empire industrial brokers have joined Jones Lang LaSalle: Managing Director Peter McWilliams, Executive Vice President Mike McCrary, Senior Vice President Ruben Goodsell, and Vice President Scott Leichtenb...
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• Community Bank Joins Waterside Center Community
11/24/09
Pasadena-based Community Bank signed a six-year, $1 mil lease for 7.4k sf ($1.88/sf/mo) at the 16-acre master planned Waterside Center office campus, bringing the total of new leases signed in the past 12 months to more than ...
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• ProLogis to Build 667k sf Ontario Distribution Facility
11/24/09
New commercial development may have slowed down to a trickle, but you can still find a few major projects moving forward. One such development is a new 667k sf distribution facility that ProLogis has agreed to build in Ontari...
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