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• SB Real Estate Partners Adds 124 Res Units in the Inland Empire to Its Portfolio
10/25/21
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 ...
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• San Bernardino Industrial Asset Goes for Just Over $21 Mil
10/21/21
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...
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• Zurich Alternative Asset Management-Advised Investor Buys 225k sf Inland Empire Industrial Facility
10/19/21
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, ...
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• Two SoCal Single-Tenant Pharmacy Properties Trade in Deals Totaling Near $20 Mil
10/18/21
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...
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• Alere Property Group Buys 422k sf Norco Biz Park
10/18/21
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...
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• Yahee Technologies Agrees to Lease 200k sf Spec Industrial Facility in Ontario
10/15/21
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...
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• Tailwind Investment Group Closes 197-Unit Res Buy in the Inland Empire
10/12/21
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...
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• Rexford Industrial Realty Completes Two SoCal Industrial Property Buys, One Land Purchase and One Property Sale
10/11/21
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 ...
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• JH Real Estate Partners Buys 225k sf Ontario Gateway Shopping Center
10/06/21
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...
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• Brixton Capital Buys 188k sf Inland Empire Shopping Center
10/01/21
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.
...
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• CH Realty Partners LLC and Blumenfeld Development Group Pay $57 Mil for Inland Empire Industrial Facility
9/28/21
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...
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• Commercial Financing Briefs
9/23/21
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...
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• Colton Commercial Property Trades for $187/sf
9/21/21
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...
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• Rexford Industrial Realty Wraps Up $250 Mil in SoCal Industrial Buys
9/17/21
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...
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• DSW Distribution Center Signs Renewal and Expansion Leases at Adjacent Rancho Cucamonga Facilities
9/10/21
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...
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• Inland Empire Multifamily Portfolio Trades in Multiple Deals Totaling $14.4 Mil
9/09/21
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...
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• Community Housing Opportunities Corporation Close to Moving Forward with 60-Unit Affordable Housing Project in Palm Springs
8/30/21
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...
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• Nuveen Real Estate Buys 237k sf Inland Empire Industrial Facility
8/27/21
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...
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• The Voit Company Breaks Ground on 87k sf Rialto Industrial Project
8/23/21
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...
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• Worldwide Material Handling Buys 135k sf Inland Empire Industrial Facility from Hillwood
8/20/21
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...
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