| SB Real Estate Partners Adds 124 Res Units in the Inland Empire to Its Portfolio
In a recent Multifamily buy out of the Inland Empire, SB Real Estate Partners (SBREP) has acquired ReNew Redlands, a Class B, 124-unit garden-style apartment community located in Redlands, for $46.2 mil ($372.6k/unit). SBREP ...
| San Bernardino Industrial Asset Goes for Just Over $21 Mil
A SoCal-based private investor paid $21.15 mil for Gifford Business Park, a multi-tenant, 156.9k sf ($135/sf) industrial property in San Bernardino. The property is located at 750-760 E. Central Ave and 765-791 S. Gifford Ave...
| Zurich Alternative Asset Management-Advised Investor Buys 225k sf Inland Empire Industrial Facility
An investor advised by New York-based Zurich Alternative Asset Management (ZAAM) recently closed on the acquisition of a 225.4k sf industrial building in the Inland Empire city of Colton. The property, I-215 Commerce Center, ...
| Two SoCal Single-Tenant Pharmacy Properties Trade in Deals Totaling Near $20 Mil
Here’s the scoop on two recent SoCal single-tenant retail sales totaling just under $20 mil. The buildings traded are NNN-leased to Rite Aid and Walgreens, demonstrating investor appetite for durable, well-located assets with...
| Alere Property Group Buys 422k sf Norco Biz Park
Alere Property Group has purchased Saddle Ranch Business Park, a 422k sf, Class A industrial warehouse complex in Norco. The asset, which is fully leased to vitamin and nutrition company, Goli Nutrition, was sold by CapRock P...
| Yahee Technologies Agrees to Lease 200k sf Spec Industrial Facility in Ontario
Yahee Technologies, a global e-commerce wholesaler, has agreed to a long-term lease for a 199.5k sf spec industrial development being built by Duke Realty Corporation in Ontario. The facility, situated on 8.7 acres at 1532 So...
| Tailwind Investment Group Closes 197-Unit Res Buy in the Inland Empire
Tailwind Investment Group has acquired The Vue, a 197-unit multifamily community in San Bernardino, for $53.6 mil, or $272k per unit. Situated on 11.94 acres at 1660 W. Kendall Dr, the property was sold by Dalan Management an...
| Rexford Industrial Realty Completes Two SoCal Industrial Property Buys, One Land Purchase and One Property Sale
Rexford Industrial Realty completed two industrial property acquisitions that comprise an aggregate 421.8k sf of space and one 80.2-acre industrial storage site for a total purchase price of $285.6 mil. The company also sold ...
| JH Real Estate Partners Buys 225k sf Ontario Gateway Shopping Center
Ontario Gateway, a 225.7k sf, fully-occupied, grocery-anchored shopping center in Ontario, sold for $40.5 mil ($179/sf). The property was purchased by JH Real Estate Partners.
Ontario Gateway is a 100%-occupied, multi-tenant...
| Brixton Capital Buys 188k sf Inland Empire Shopping Center
SoCal-based Brixton Capital bought Marketplace Beaumont, a 187.9k sf shopping center in the Inland Empire city of Beaumont, for $37.5 mil ($200/sf). The seller was a private family trust who originally developed the center.
| CH Realty Partners LLC and Blumenfeld Development Group Pay $57 Mil for Inland Empire Industrial Facility
A joint venture partnership between CH Realty Partners LLC and Blumenfeld Development Group has acquired Harvill Logistics Center, a 300k sf industrial facility in Riverside County, for $57.5 mil ($192/sf).
The property was...
| Commercial Financing Briefs
GREYSTONE - Matt Miller with Greystone originated a $71.34 mil Freddie Mac Optigo® loan to refinance Sendero Townhomes, a 197-unit multifamily property in Santa Rosa. The borrower was Gallagher Companies. Sendero Townhomes o...
| Colton Commercial Property Trades for $187/sf
A SoCal-based 1031 exchange private investor paid $8.8 mil for Los Compadres Plaza, a 47k sf ($187/sf) commercial center in Colton. The property, located at 1035 S. Vernon Ave, is less than a ¼ mile from the I-215 Fwy and dir...
| Rexford Industrial Realty Wraps Up $250 Mil in SoCal Industrial Buys
SoCal-based Rexford Industrial Realty has completed four industrial property acquisitions totaling 837.5k sf of improvements, for an aggregate purchase price of $250.5 mil. The purchases were funded using cash on hand and pro...
| DSW Distribution Center Signs Renewal and Expansion Leases at Adjacent Rancho Cucamonga Facilities
DSW Distribution Center Inc, a cold storage provider, has agreed to a 165k sf lease renewal and 25.4k sf lease expansion at two adjacent facilities in Rancho Cucamonga. The landlord is UBS Realty Investors LLC.
DSW renewed i...
| Inland Empire Multifamily Portfolio Trades in Multiple Deals Totaling $14.4 Mil
A seven-property multifamily portfolio in the Inland Empire was sold in separate transactions totaling $14.4 mil. The properties, located in Ontario, Riverside, Calimesa, Lake Elsinore, Colton and Mentone, total 80 units. All...
| Community Housing Opportunities Corporation Close to Moving Forward with 60-Unit Affordable Housing Project in Palm Springs
Community Housing Opportunities Corporation (CHOC) has unveiled the design for The Monarch Apartment Homes, a 60-unit, affordable housing community the firm is developing in Palm Springs. The project was designed by Interacti...
| Nuveen Real Estate Buys 237k sf Inland Empire Industrial Facility
Newport Beach-based Nuveen Real Estate purchased a 236.7k sf, freestanding industrial building in Ontario. The property, located at 2950 E. Philadelphia St, was sold by the occupant, Myers Power Products Inc in a sale-leaseba...
| The Voit Company Breaks Ground on 87k sf Rialto Industrial Project
The Voit Company has broken ground on Renaissance Commerce Center, a three-building, 87.2k sf ground-up industrial development in the Inland Empire city of Rialto.
The single-tenant industrial project will comprise three bui...
| Worldwide Material Handling Buys 135k sf Inland Empire Industrial Facility from Hillwood
Worldwide Material Handling (WWMH) recently closed on the $21.5 mil acquisition of a newly built, 135.3k sf ($159/sf) Class A industrial facility in San Bernardino. The building, located at 549 E Central, was developed and so...