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November 30, 2020
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INLAND EMPIRE NEWS
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• Inland Empire Retail Properties Fetch over $600/sf
8/12/08
Three multi-tenant shopping centers in Arizona and SoCal traded hands in separate deals with a combined value of $16.575 mil. The Arizona deal was in Mesa, while the California transactions were in the cities of Riverside and...
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• Koll/PER Heads Upland for $40 Mil Acquisition
8/07/08
A 313.4k sf, multi-tenant business park that straddles the county line between Los Angeles and San Bernardino counties in Upland has been acquired for $39.9 mil ($127/sf) by Koll/PER, a limited liability company owned by The ...
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• Existing Tenants Renew 1.3 msf of Space at Shea Center in Ontario
8/06/08
Three recent lease renewals at Shea Center in the city of Ontario representing a substantial 1.3 msf of space were just completed at the Inland Empire distribution complex, located at 5200-5400 Shea Center Dr. In the largest ...
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• Ontario Industrial Building Sells for $118/sf
8/05/08
In a recent owner/user industrial buy in the Inland Empire, the International Association of Plumbing and Mechanical Officials (IAPMO), author of the Uniform Codes, paid $6.8 mil for a 57.8k sf ($118/sf) facility located at 4...
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• Dr. Pepper’s Cure for New Western Distribution Hub - Victorville
8/01/08
Score another major distribution deal for SoCal’s growing High Desert region, as Dr Pepper Snapple Group Inc has selected Victorville as the location for its new Western manufacturing and distribution hub, which will serve Ca...
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• New Fontana Retail Center Open for Business
7/30/08
Construction on Heritage Crossing, a new $6.8 mil shopping center in the Inland Empire city of Fontana, was just completed. The 4.86-acre project includes a multi-tenant retail building, state-of-the-art Jump Start Express Ca...
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• Slow Times for Inland Empire Office Market
7/29/08
A mid-year review of the Inland Empire office market does not look all that promising for owners and developers, at least not in the short-term, according to Grubb & Ellis. This 2nd Quarter Office Market Trends report about t...
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• La Quinta Retail Project to Get Underway
7/25/08
Construction on Jefferson Square, a new $24.3 mil, 90.4k sf supermarket/drug-anchored shopping center in La Quinta, is slated to begin on August 1, 2008. The project, being developed by Marinita Development Company in a joint...
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• Retail Buyers Snap Up $12 Mil of Inland Empire Properties
7/23/08
Two recent retail property sales in the Inland Empire totaled up to more than $12 mil. The properties include: the pre-sale of a single-tenant Rite Aid drug store in Lake Elsinore and Brighton Retail Plaza located in Montclai...
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• Construction Supply Companies Lease Corona Facilities
7/21/08
We have two recent industrial lease comps from the Inland Empire city of Corona to share with you, each of which has a value of around $3 mil. In the more recent deal, Assa Abloy Door Group Inc agreed to a 61-month, $3.1 mil ...
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• HFF Recapitalizes Pair of Inland Empire Multifamily Properties
7/18/08
Two multifamily communities in the Inland Empire have been recapitalized in recent financings totaling $33.4 mil. The properties are the 172-unit Sunscape Apartment Homes in Alta Loma and the 180-unit Linden Court Townhomes i...
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• Retail Development Running Ahead of Demand in the Inland Empire
7/17/08
In 2008, increased development activity will outpace tenant demand in the Inland Empire, according to a second-quarter Retail Research Report by real estate investment services firm Marcus & Millichap. On the supply side, bui...
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• Sam I Am Says Northwoods Resort and Conference Center
7/15/08
McSam Hotel Group, the very active NY-based hotel owner/developer led by Sam Chang, just closed on a $12.5 mil buy of the Northwoods Resort and Conference Center, a 148-room hotel ($84.5k/unit) in Big Bear Lake. It was sold b...
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• AMB’s Latest Tenants are Real Bratz
7/14/08
By Allen Wolfsheimer MGA Entertainment Inc, the Van Nuys-based manufacturer of the popular line of Bratz dolls, has agreed to an eight-year, $22.2 mil lease for the remaining 749k sf ($0.31/sf/mo) of space at AMB Property Co...
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• Demand for Modern Industrial Space is Making Fontana the Logistical Choice
7/03/08
A new six-building, 3.3 msf industrial development in the heart of the Inland Empire is slated to break ground at the end of the first quarter in 2009. Called West Valley Logistics Center, the project is a development of Texa...
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• New Chino Res Project Includes 106 Affordable Units
6/25/08
Meadow Square, a new 250-unit apartment community located at 7750 Desert Holly St, near the intersection of Pine Ave and Euclid Ave in Chino, is now open and currently available for lease. Situated within The Preserve at Chin...
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• Kimpton to Operate New 4-Star Hotel in Ontario
6/23/08
In the latest real estate news from Ontario, OliverMcMillan, the developer of the city’s historic Guasti District, has selected Kimpton Hotel & Restaurants to operate the city’s first luxury boutique hotel. Kimpton, one of th...
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• Rancho Cucamonga Apartment Community Sells for $44 Mil
6/16/08
Archstone Woodsong, a 262-unit apartment community in Rancho Cucamonga, was purchased by a Phoenix, AZ-based investment entity for $44 mil, or $167.9k/unit. The property is located at 8255 Vineyard Ave, west of I-15 at the co...
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• Relax – Enjoy a Few Coronas
6/10/08
Corona is one of the more popular cities in the Inland Empire for businesses looking for larger, well-priced blocks of space, thanks in part to a central SoCal location that offers easy access to LA, Orange and San Diego Coun...
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• Optimistic Outlook for Inland Empire Apartment Market
6/06/08
Although apartment properties in the Inland Empire will likely experience a slowing in renter demand this year, the metro’s extended outlook remains fairly optimistic, according to Marcus & Millichap’s first-quarter Apartment...
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