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September 22, 2020
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INLAND EMPIRE NEWS
Archive
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• LA Developer has $23 Mil Riding on Carousel Mall Purchase
1/31/08
by Allen Wolfsheimer
An LA-based private developer closed on a large retail acquisition in the Inland Empire, after paying $23.5 mil for Carousel Mall, a 495k sf ($47/sf) property in downtown San Bernardino. The buyer plans to redevelop the prope...
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• St. Louis Investor Grows Portfolio with Greentree Plaza
1/29/08
A St. Louis, Missouri investor spent $5.26 mil on a 26.2k sf ($201/sf) shopping center in the High Desert community of Victorville. The property, Greentree Plaza, is located at 13708-13728 Hesperia Rd, east of I-15 off of Gre...
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• La Quinta Mini-Suite Office Project Opens for Business
1/24/08
Professionals and businesses looking for smaller office spaces in La Quinta have an exciting new option to consider, as a new Class A office and mini-suite building has just opened to the public. The project, La Quinta Busine...
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• Opus West to Create Haven for Rancho Cucamonga Businesses
1/18/08
A new 161k sf office/retail project in Rancho Cucamonga is slated to get underway in the coming months, with completion anticipated for summer 2009. Called Haven Point, the project will be built by Opus West on a 10-acre land...
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• AMB Goes Wal-Mart Shopping
1/17/08
San Francisco-based AMB Corporation, one of the biggest distribution property landlords in Southern California, recently added to its portfolio with the acquisition of a 902k sf facility in the Inland Empire, currently occupi...
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• Capstone Draws an ACE at Jackson Square
1/11/08
National retailers ACE Hardware and Taco Bell have reached agreements to anchor the 38k sf second phase of Capstone Advisors’ Jackson Square Shopping Center in the Inland Empire city of Coachella. Situated at the corner of Av...
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• Retail Investor Pads Its Portfolio with Chino Hills Buy
1/10/08
Two retail pad properties within the Crossroads Entertainment Center in Chino Hills were purchased by a private investor in a $6.25 mil transaction. One pad includes a 5.5k sf building that will be occupied by Buffalo Wild Wi...
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• Colliers International Adds Brady Bunch to Its Prime Time Line-Up
1/08/08
One of SoCal’s major independent brokerage firms, The Bradco Companies, has been acquired by Colliers International in a merger that is intended to provide significant benefits to both companies. Based in Victorville, The Bra...
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• AutoZone to Park at Ontario Facility for another Five Years
1/08/08
The Inland Empire remains one of the more active regions in the country for commercial real estate activity. In this update we’ll take a look at three 2007 year-end transactions from throughout the Inland Empire, in Corona, O...
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• Capstone to Reload Winchester Res Lots
1/07/08
Developers remain optimistic about long-term residential development opportunities in the Inland Empire, as evidenced by the recent acquisition of 377 partially developed lots in the Winchester area of unincorporated Riversid...
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• Temecula Condo Rental Property Sells for $205k/Unit
1/04/08
A private investor out of Newport Beach paid $36.9 mil for Temecula Creek Villas, a 180-unit ($205k/unit) condo rental community in southern Temecula. The asset, the only condo rental complex in the region, is situated in clo...
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• United Natural Foods Takes 600k sf Moreno Valley Facility
1/02/08
In most areas of the country, a lease for an entire 600k sf facility would set records not soon to be broken, but in the Inland Empire they’re much more commonplace. Take this recent deal, for example, in which United Natural...
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• Seventh Street Sells Seven Buildings
12/26/07
Industrial buildings in the Inland Empire must be on a lot of Christmas wish lists, as reported end-of-year sales have been higher than some expected. In just the past 30 days, Long Beach-based Seventh Street Development has ...
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• Voit Sells 15 Acres at Waterman Business Park for 200k sf Office Campus
12/21/07
Owner/users are finding economical development opportunities within major new business park campuses in the Inland Empire. In just announced news, the California Housing Foundation acquired 15 acres of land at Waterman Busine...
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• New Lake Elsinore Project to Be Built the Fairway
12/19/07
A new 18-acre, 20-building business park in Lake Elsinore is slated to get underway in February 2008. The project, Fairway Business Park, is tailored to satisfy what project officials say is a void for a “wide range of option...
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• La Quinta to Get Fresh and Easy Retail Center
12/12/07
A new upscale neighborhood shopping center is in the works for La Quinta, a resort community of around 25,000 people situated roughly 25 miles southeast of Palm Springs in Riverside County. The $20 mil project, called The Pla...
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• Capstone Gets Green Light for Coachella Project
12/10/07
The City of Coachella has given approval to a new 20-acre mixed-use development that will consist of a 56k sf retail project called Van Buren Plaza and a residential component known as Durango. The project, a development of C...
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• Pomona Paper Mill to Be Redeveloped into Industrial Park
12/10/07
The site of a former paper mill in Pomona will soon be home to a new five-building, 408k sf industrial park to be called the Valley-71 Business Park. The project, a development of Long Beach-based Seventh Street Development, ...
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• Essex Properties Spends $17 Mil on Rancho Cucamonga Business Park
12/05/07
Essex Properties LLC, a Costa Mesa-based investment group, recently closed on a $17.05 mil industrial buy in the Inland Empire. The property is Arrow Business Park, a seven-building, 136.8k sf ($125/sf) multi-tenant project a...
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• Rexford Closes $13 Mil SoCal Industrial Buy
12/04/07
A SoCal industrial portfolio consisting of five separate properties recently traded hands in a transaction valued at roughly $13.2 mil. The properties, which contain a combined 120.7k sf ($109/sf) of space, were purchased by ...
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