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June 10, 2023
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• Starbucks Drive-Thru Anchored Building in the Inland Empire Sells for Over $900/sf
A local San Bernardino County-based private investor paid $4.65 mil for a brand new, 5.05k sf ($919/sf) Starbucks Drive-thru anchored shop building in San Bernardino, as part of a 1031 exchange transaction. The multi-tenant b...
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• Trio of Inland Empire Industrial Leases Total over 200k sf
We’ve got three recent industrial lease briefs in the Inland Empire to share. The deals total over 200k sf and took place in Chino and San Bernardino. In one of the transactions, Sunset Pacific Transportation pre-leased Chin...
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• MG Properties Group Spends $137 Mil on Rancho Cucamonga Res Community
MG Properties Group has purchased Victoria Arbors Apartment Homes, a 319-unit suburban, garden-style residential community in Rancho Cucamonga, for $137.6 mil ($431k/unit). The property was sold by Sares Regis Group. Victor...
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• Community Housing Opportunities Corporation Awarded $22.6 Mil to Build Affordable Housing in Coachella
Community Housing Opportunities Corporation (CHOC), a non-profit affordable housing developer, has been awarded $22.6 mil of financing to begin construction of the Coachella Valley Apartments, which will bring new affordable ...
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• Chase Partners Acquires Industrial Properties in Ontario and Oxnard
Chase Partners recently acquired two SoCal industrial properties as part of its Logistics Fund I. One of the properties is a 25k sf industrial warehouse located at 1893 S. Lake, in an infill submarket of Ontario, acquired for...
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• Joyin Inc Signs Prelease of 120k sf Inland Empire Logistics Facility
Joyin Inc, an e-commerce retailer of children’s toys, party supplies, costumes and seasonal products, agreed to a full building prelease of a 120.6k sf, under-construction logistics facility in Rancho Cucamonga. The firm inte...
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• Pacific Asiana LLC Leases 182k sf Inland Empire Warehouse
Pacific Asiana LLC inked a lease for a 182.5k sf warehouse in Chino. Completed in 1988, the single-tenant building is located at 4980 Eucalyptus Ave, east of the 71 Fwy. The facility features 26-foot clear height, sprinkler ...
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• Trammell Crow Company and Clarion Partners LLC Start Work on Spec Logistics Project in the Inland Empire
The Newport Beach Business Unit of Trammell Crow Company (TCC) and its JV partner, Clarion Partners LLC, have started construction on Knox Logistics VII, a state-of-the-art, 1.1 msf speculative Class A logistics building. The...
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• Alere Property Group Starts Work on 211k sf Ontario Warehouse Development
Alere Property Group is underway with development at 1656 S. Cucamonga Ave, a Class A, 211k sf spec industrial warehouse in Ontario. At completion, the project will feature 40-foot clear height and 5k sf of two-story office s...
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• CarMax Buys Six-Acre Site in Victorville
A six-acre site at Desert Oasis Plaza in Victorville was acquired by CarMax Auto Superstores California LLC. Terms of the transaction were not disclosed. Desert Oasis Plaza, located at the southeast corner of Roy Rogers and...
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• Premier Workspaces to Open a New Location in Upland
Harbor Associates has selected Premier Workspaces to operate its 20.2k sf flexible workspace at Stewart Plaza, located at 400 and 440 North Mountain Avenue in the city of Upland. Located just south of Foothill Blvd/Route 66 a...
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• Riverside County Retail Development Breaks Ground
Ground breaking has commenced on Boulder Crossing, a brand new shopping center located at the prime intersection of Winchester Road (Hwy 79) and Domenigoni Pkwy in Riverside County. The new development is entitled to include ...
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• Jupiter Holdings to Build 700k sf Industrial Center in the Inland Empire
Newport Beach-based Jupiter Holdings has unveiled plans for the Scott Road Commerce Center, a five-building, 702k sf industrial center within the Inland Empire city of Menifee. The site is located at 33380 Zeiders Rd, adjacen...
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• Banyan Imports Leases 203k sf Inland Empire Facility
Banyan Imports has inked a lease for a 203.4k sf building within California Commerce Center in Ontario. Terms of the deal were not disclosed. The building, located at 3551 E. Philadelphia St, features 4.8k sf of total office...
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• Tower 16 Capital Partners Closes $41 Mil Inland Empire Multifamily Buy
Tower 16 Capital Partners has acquired a two-property multifamily portfolio totaling 214 units in Colton for $41 mil ($191.6k/unit). The properties were acquired from a private seller in an off-market transaction. One of the...
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• Kenco Logistics Inks 400k sf Lease in the Inland Empire
Kenco Logistics, one of North America’s leading third-party logistics (3PL) providers, leased 397.4k sf of space at Perris Gateway Commerce Center in Perris. The building, located at 1301 Harley Knox Blvd, features a 4.7k sf...
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• Inland Empire Retail Center Boosted by 43k sf of New Signings
There have been four new lease signings at San Gorgonio Village, a newly developed shopping center totaling approximately 122k sf in the Inland Empire city of Beaumont. The center is located at the southeast corner of 2nd St ...
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• Merlone Geier Partners Makes $39 Mil Retail Purchase in the Inland Empire
Magnolia Tyler Center, a 182.7k sf value-add shopping center in Riverside, was acquired by Merlone Geier Partners in a $39.4 mil ($216/sf) transaction. The center, anchored by Aldi, Bob’s Discount Furniture, Big Lots and Bed ...
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• LBA Realty Closes on $17 Mil Inland Empire Industrial Purchase
LBA Realty purchased a fully-leased, 74k sf Class A industrial distribution building in Redlands for $16.9 mil ($228/sf). The asset was sold by by Dedeaux Properties and Brasa Capital Management, enabling the venture to compl...
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• San Bernardino Multifamily Property Goes for Over $200k per Unit
Hillside Village Apartments, an 80-unit multifamily project in San Bernardino, sold for $16.5 mil, or $206.3k/unit. The property was sold by Tower 16 Capital Partners, who purchased the asset in January 2019 for $11 mil in an...
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