| Black Creek Group Buys 743k sf Inland Empire Industrial Portfolio
Black Creek Group, out of Denver, has purchased a portfolio of three adjacent industrial warehouses, totaling 743.4k sf in Colton. The portfolio consists of a 121.2k sf property located at 2036 Miguel Bustamante Pkwy, a 175k ...
| Foreign Investor Pays $741/sf for Riverside Walgreens
An all-cash, Chinese-based investor paid $9.5 mil for a 12.8k sf ($741/sf) Walgreens in Riverside. The Walgreens lease is corporate guaranteed and has 10 years remaining on the initial term, with 10 five-year option periods t...
| Work Started on 200k sf Medical Office Project at Riverside University Health System Campus
Trammell Crow Company’s Southern California—Newport Beach office has commenced construction on a new 200k sf medical office building in Riverside that will be occupied by Riverside University Health System (RUHS). The three-s...
| San Bernardino County Job Growth Running Ahead of Orange and Los Angeles Counties
As businesses and residents continue to be priced out of Southern California’s coastal communities, San Bernardino County is experiencing growth across a number of economic indicators. That fact and more was part of the infor...
| Starbucks Lease in San Bernardino Trades for Over $5 Mil
A local, private 1031 exchange buyer paid $5.3 mil for a brand new single-tenant Starbucks corporate lease in San Bernardino. The seller was an Orange County-based real estate investment and development firm.
Built in 2017 o...
| $10 Mil Renovation Completed on 440-Unit SoCal Apartment Community
The Reserve at Chino Hills, a 440-unit garden-style apartment home community in Chino Hills, just re-opened to the public following a $10 mil renovation by its owners, LA-based Decron Properties Corp.
Decron acquired t...
| Rexford Industrial Realty Closes a $24 Mil Acquisition and an $11 Mil Disposition
Rexford Industrial Realty Inc recently completed two SoCal transactions, one an acquisition and the other a disposition. The firm paid $24.1 mil for a 213.6k sf industrial complex in Ontario, and also collected $10.9 mil for ...
| Two New SoCal Starbucks Trade in Deals Totaling Near $6 Mil
We’ve got news of two brand-new construction, single-tenant corporate Starbucks in SoCal to sell in separate transactions totaling $5.89 mil. The properties are in Hesperia and Covina.
In Hesperia, a Manhattan Beach-based pr...
| Construction of Mixed-Use Development in Corona is Complete
The Metro, a mixed-use development in the center of the Main Street Corridor off Hwy 91 in Corona, has been completed and is in its final phase of leasing apartments. The project, a joint development between Wermers Propertie...
| Two Riverside Apartment Properties Bought by Local Investors for $10 Mil
Two separate apartment properties in the city of Riverside were purchased by local private investment partnerships in separate deals totaling $10.3 mil. The properties, La Paz/Las Palmas Apartments and Cazador’s Court, total ...
| Alere Property Group Closes $12 Mil Inland Empire Purchase
Alere Property Group LLC recently acquired an 81k sf distribution facility in corona for $12.1 mil ($149/sf). The building is located at 200 River Rd, west of I-15 and north of the 91 Fwy.
The building is a state-of-the-art ...
| Fontana Multifamily Property Sells for $172k/Unit
Valencia Avenue Apartments, a 16-unit apartment property in Fontana, sold for $2.75 mil, or $172k/unit. The property sits on .76 acres at 16645 Valencia Ave.
The two-story building was built in 1987. The property consists of...
| Liberty Property Trust Pays $92 Mil for 400k sf Industrial Facility in City of Commerce
Liberty Property Trust has purchased a 400.1k sf industrial building in the City of Commerce for $92.7 mil, or about $232/sf. The facility, located at 5959 Randolph St, east of the 710 Fwy and south of Slauson Ave, is fully l...
| Newcastle Partners Underway with Two Projects in the Inland Empire
In development activity out of the Inland Empire, Newcastle Partners Inc has begun construction on Chino Hills Commerce Center in Chino Hills, which will total 100.3k sf. The company has also completed construction on Meridia...
| Duke Realty Corp Begins Work on Spec Industrial Facility in Fontana
Duke Realty Corporation has begun construction of a 282.2k sf bulk distribution warehouse in Fontana, within SoCal’s Inland Empire West submarket. The building, which is being developed on a speculative basis, is located at 1...
| Circle K and Chevron Acquire Development Parcels in the High Desert Region
We’ve got news of two parcels of land in the Inland Empire that were acquired by Circle K and Chevron in separate deals totaling $4.8 mil. Both properties are located adjacent to the heavily traveled I-15 Fwy in the High Des...
| Indio Multifamily Property Sale Sets Record at $132k/Unit
A San Diego-based private investment group paid $16.5 mil for Parkwood Apartments at Polo Grounds, a 125-unit ($132k/unit) residential community in Indio.
Built on a 7.51-acre site in 2014, the property is located at 81777...
| Private Investor Buys 80k sf Retail Center in Moreno Valley
An unnamed SoCal investor paid $5.73 mil for Lakeshore Village Marketplace, an 80k sf ($72/sf), value-add neighborhood retail center in Moreno Valley. The property was sold by two family trusts from Los Angeles.
Built in 19...
| Canadian Investor Spends $8 Mil on Two Inland Empire Multifamily Properties
Two multifamily properties containing a combined 84 units in San Bernardino were purchased by a Canadian-based investor for a total of $8 mil.
One of the properties, located at 1340 North F St, features six studios, 25 one-b...
| OC Investor Buys Inland Empire Industrial Asset
An Orange County-based private investor paid $1.75 mil for a 13.8k sf ($127/sf), fully occupied, three-tenant industrial condo in Murrieta. The property was sold by an entity of the property’s largest tenant, Pump it Up, whic...