| Inland Empire Popeyes Drive-Thru Fetches $1,000/sf
A single-tenant Popeyes Louisiana Kitchen drive-thru restaurant in the Inland Empire city of Beaumont sold for $2.265 mil, or $1,006 per sf. Popeyes is on a 20-year absolute NNN lease with 18+ years remaining. The property, l...
| Cannabis Cultivation Facility in Desert Hot Springs Sells for $240/sf
A net-leased cannabis cultivation facility in Desert Hot Springs sold for $7.76 mil. The 32.4k sf ($240/sf) industrial condominium is leased to Zenco, a cannabis cultivation company, through 2025.
The property is located at ...
| Riverside Multifamily Community Purchased for $300k/Unit
Canyon Crest Views, a 178-unit multifamily property in Riverside, has traded hands in a recent $53.5 mil ($300k/unit) transaction. The 1980’s vintage asset boasts an excellent mix of predominantly two- and three-bedroom townh...
| Transwestern Development Company Acquires 22-Acre Development Site in Eastvale
Transwestern Development Co (TDC) has acquired a 22.34-acre site in Eastvale, about 50 miles east of downtown Los Angeles, for the development of a two-building industrial project encompassing approximately 337.9k sf of Class...
| Inland Empire Retail Center Acquired for $31.5 Mil by Private Investor
Corona Hills Marketplace, a 148.8k sf, grocery-anchored community shopping center located in the SoCal community of Corona Hills, sold for $31.5 mil ($212/sf). The property is situated on 12.28 acres at 529-591 N. McKinley St...
| Lifestyle Res Complex Opens in Murrieta
Mitchell Place, a 230-unit, lifestyle apartment community in Murrieta, has been completed and has opened to the public. The new gated neighborhood, a development of MBK Rental Living, consists of 78 flats and 152 townhomes wi...
| Spec Industrial Facility in the Inland Empire Sells for $123 Mil
Columbia Business Park Phase I, a 1 msf, Class A speculative industrial building, was acquired by an institutional real estate investor for $123.75 mil ($124/sf), making the deal one of the largest single-building transaction...
| Dedeaux Properties Secures $88 Mil for Its Recent Inland Empire Industrial Buy
Dedeaux Properties obtained $87.95 mil in financing for its recent purchase of a newly constructed, 1 msf state-of-the-art warehouse and distribution center in the Sycamore Canyon submarket of Riverside. Dedeaux Properties b...
| Commercial Real Estate Financing Briefs
MERIDIAN CAPITAL GROUP - Seth Grossman, Steven Adler and Jackie Tran with Meridian Capital Group arranged $23.1 mil in acquisition financing for the purchase of the Hilton Garden Inn San Diego Mission Valley Stadium hotel. Lo...
| San Bernardino Multifamily Asset Sells for $115k/Unit
Mountain View Apartments, a 67-unit apartment property in San Bernardino, was purchased by a private investor for $7.73 mil ($115.4k/unit). Built in 1985, the property sits on 2.35 acres at 1475 E Date St.
Mountain View Apar...
| Dedeaux Properties Buys 1 msf Industrial Property in the Inland Empire
Dedeaux Properties, in a joint venture with an institutional partner, has purchased a newly constructed 1 msf, state-of-the-art warehouse and distribution center in Riverside, in what we’re told is one of the largest single a...
| Davlyn Investment Pays $60 Mil for Riverside Multifamily Community
Davlyn Investments purchased Metro Gateway, a newly-built, 187-unit multifamily community in Riverside, for $60 mil ($321k/unit) in an off-market transaction. Built in 2017, the Class A+ property was sold by MBK Rental Livin...
| Institutional-Quality Retail Asset in Apple Valley Trades for $89 Mil
Note: This story was updated August 14, 2019 to include the name of the buyer
JH Real Estate Partners Inc, out of Newport Beach, acquired a 393.5k sf, majority portion of Jess Ranch Marketplace, an institutional-quality reta...
| Indio Apartment Complex Traded by Investors in $3.4 Mil Deal
A 33-unit apartment complex in Indio was purchased for $3.38 mil ($102k/unit) all-cash by a private investor. The buyer is an experienced multifamily investor who owns other buildings in Indio and several thousand units throu...
| Riverside Industrial Park Trades in Deals Worth $30 Mil
Mira Loma Industrial Center South, a 172.9k sf industrial business park in Riverside County’s Jurupa Valley, has sold for nearly $30 mil, or about $173.50/sf, in five separate deals with different buyers. The project, located...
| NY Buyer Acquires 300-Unit Res Asset in Moreno Valley
A New York-based real estate investment firm closed on the purchase of Lasselle Place, a 304-unit multifamily community in Moreno Valley. The asset, located at 15700 Lasselle St, features a mix of one-, two- and three-bedroom...
| Titanium Elite Inc Buys Inland Empire Hotel Property
Titanium Elite Inc has purchased SpringHill Suites by Marriott Corona Riverside, a 130-suite, select-service hotel in the Inland Empire city of Corona. The price was not disclosed.
Originally completed in 2009, SpringHill Su...
| Exchange Investor Spends $35.6 Mil on Two Inland Empire Retail Centers
Two retail shopping centers in the Inland Empire were acquired by a private local investor in deals totaling $35.6 mil. The assets, located in Menifee and Wildomar, offer a combined 157.8k sf of space.
One of the properties,...
| Lincoln Property Company Spends Over $100 Mil on Inland Empire Industrial Portfolio
Lincoln Property Company has purchased a 745.6k sf industrial portfolio in Rancho Cucamonga for $104.6 mil ($140/sf). The assets were sold by Colony Capital Inc.
The portfolio consists of four sites, located at 11600 Millenn...
| Plastipak Packaging Leases another 234k sf at Southern California Logistics Airport in Victorville
Plastipak Packaging Inc leased an additional 233.8k sf at Stirling Development’s Southern California Logistics Airport (SCLA). Plastipak’s new lease term is 96 months and is at an existing building that is adjacent to the 296...