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• Investors Spend $11 Mil on Two Rite Aid-Occupied Properties in the Inland Empire
3/29/13
Two free-standing, NNN-leased properties occupied by Rite Aid in the Inland Empire traded hands in separate transactions totaling just over $10.8 mil. The properties are located in Hemet and San Jacinto.
In the larger deal, ...
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• Stater Bros-Anchored Retail Center in the Inland Empire Goes for $9.9 Mil
3/25/13
Hemet West Shopping Center, a 61.3k sf Stater Bros-anchored center in the Inland Empire city of Hemet, was purchased for $9.9 mil ($161/sf) by a private investor in a 1031 exchange. All components and pads of the center were ...
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• SoCal Apt Sales Comps
3/25/13
National real estate investment services firm Marcus & Millichap is one of the most active companies when it comes to brokering multifamily sales transactions in Southern California, as evidenced by these five recent deals in...
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• Pecos Ventures Leases 88k sf of Space in Corona
3/22/13
In a recent industrial lease comp form the Inland Empire, Pecos Ventures Industries Inc signed an 84-month, $3 mil deal for 88k sf of space. The property is located at 265 W. Radio Rd, just east of the I-15 and south of the 9...
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• Temecula Retail Property Fetches $1.4 Mil
3/04/13
A 17.6k sf retail property located at the Temecula Rancho Center in the city of Temecula traded hands in a recent sale valued at $1.4 mil ($80/sf). The asset, which was only 36% occupied at the time of sale, was sold by Commu...
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• Retail Briefs
3/01/13
SAN DIEGO (San Diego County) -- A 5k sf retail property in downtown San Diego’s Little Italy area sold for $3.35 mil ($670/sf). The property is located at 1665 India St, southeast of San Diego International Airport and just t...
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• Invesco Buys 2.1 msf of Land and Spec Buildings from Sares*Regis Group
2/19/13
In a big Inland Empire industrial deal, Invesco Ltd has purchased land and distribution buildings totaling 2.1 msf from Sares*Regis Group (SRG). Invesco plans to offer the buildings for lease. The properties are part of the 1...
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• BMW to Occupy Two New Build-to Suits from Prologis
2/18/13
BMW of North America LLC has signed build-to-suit agreements with Prologis for two facilities totaling 609k sf of space. The new developments will be located in Redlands, CA and Dallas, TX.
One of the developments will be a ...
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• DMV Agrees to $22 Mil Build-to-Suit Deal in Fontana
2/15/13
Here’s a notable office lease deal from the Inland Empire city of Fontana, as the Department of Motor Vehicles inked a 20-year, $22.2 mil lease for a 20.7k sf build-to-suit facility to be used as a regional office for the sta...
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• Private Investor Completes Mixed-Use Property Buy in La Quinta
2/12/13
Miller Family Holdings LLC picked up a 10.7k sf mixed-use property in La Quinta for $1.4 mil ($131/sf). The property, located at 78115 Calle Estado, north of Avenue 52 and east of Eisenhower Dr, is a two-story, multi-tenant o...
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• MG Properties Group and Rockwood Capital Complete $95 Mil IE Multifamily Investment
2/11/13
San Diego-based MG Properties Group and Rockwood Capital have teamed up in the purchase of Terracina Apartments, a 736-unit multifamily community in Southeast Ontario. The property was sold by an Archstone affiliate for $95 m...
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• Western National Closes $100 Mil IE Apartment Buy
2/05/13
Western National Realty Advisors has purchased Ironwood and Fairway Palms, a 496-unit apartment community in Rancho Cucamonga. The acquisition, which consists of two separate, adjacent, multifamily properties, will be operate...
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• BH Properties Kicks Off New Year with $10 Mil IE Office Buy
2/05/13
BH Properties has completed its first transaction of 2013, a $10 mil purchase of a 147.2k sf ($68/sf) office property located at 2085 Rustin in the city of Riverside. The two-story property, which was built in 1983 and under...
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• Artemis Real Estate Partners and CT Realty Investors Buy 225k sf IE Industrial Property
2/04/13
A joint venture of Artemis Real Estate Partners and CT Realty Investors purchased a 225k sf, 100 percent leased industrial building in San Bernardino. The property is located at 1333 South Tippecanoe Ave, less than a mile fr...
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• Inland Empire Chase Bank Building Trades for Over $800/sf
1/29/13
A 6.2k sf Chase Bank building in the Inland Empire city of Riverside sold for $5 mil, or $812/sf. The property, built in 1987, is situated on a single-tenant pad at 10355 Magnolia Ave, north of the 91 Fwy at Tyler St. Located...
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• New $56 Mil Hospital to Break Ground in Tehachapi
1/25/13
Tehachapi Health Care District is about to break ground on a new 79k sf hospital facility in the city of Tehachapi. The $56 mil, 25-bed project was designed by Stephen Wen of SWA Architects and is being constructed by Bernard...
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• Argent Retail Adds Mike Kihm and Nick Ritch to its Growing Inland Empire Team
1/22/13
Nick Ritch and Mike Kihm have joined Argent Retail Advisors, the retail advisory and leasing firm founded by industry veteran Terry Bortnick.
Mike Kihm has also joined Argent as an Associate in the Ontario office. Kihm has b...
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• HFF Arranges $40 Mil for Inland Empire Res Community
1/22/13
Lewis Operating Corp has obtained $40 mil in financing for Santa Barbara Apartments, a newly-constructed, 192-unit multi-housing community in Rancho Cucamonga. The 15-year, fixed-rate permanent was arranged by Don Curtis of H...
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• Investors are Actively Trading SoCal Retail Properties
1/22/13
Three SoCal retail properties were traded by private investors in separate transactions totaling over 9k sf in size and $4.4 mil in value. The deals, in Santa Ana and Ontario, were all brokered, at least in part, by Jonathan ...
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• 140k sf Ontario Warehouse Property Acquired by South West Medical Resources Holdings
1/18/13
South West Medical Resources Holdings (SWMR) purchased a 140.3k sf warehouse property within Grove Avenue Business Park in the city of Ontario for $10.35 mil ($74/sf). It is located on 8.11 acres at 1290 Elm St, just south of...
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