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August 20, 2019
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INLAND EMPIRE NEWS
Archive
1  |  2  | 3  | 4  | 5  | 6  | 7  | 8  | 9  | 10  ...  59
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• Commercial Real Estate Financing Briefs
2/05/19
AVISON YOUNG - Jay Maddox and Peter Sherman with Avison Young arranged a $29 mil loan on behalf of Mega Home LLC to refinance the construction and sell-out of a partially completed 80-unit condominium project located in Los A...
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• KKR Spends $43.5 Mil on New Inland Empire Distribution Facility
1/31/19
KKR has acquired a recently completed 406.7k sf industrial distribution building in the Inland Empire city of Perris for $43.5 mil ($107/sf). The building was sold by the developer, Rockefeller Group. The building, located a...
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• Investors Trade NNN Industrial Facility in the Inland Empire
1/30/19
A 197.1k sf, single-tenant industrial property in San Bernardino traded hands. The property, located at 5080 Hallmark Pkwy, was acquired by an unnamed institutional investor. 5080 Hallmark Parkway is NNN-leased on a long-ter...
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• Bixby Land and AXA Investment Managers Acquire 340k sf Inland Empire Facility
1/24/19
A joint venture between Bixby Land Company and AXA Investment Managers - Real Assets has acquired a vacant, 340k sf Class A, industrial building in San Bernardino for $33 mil ($97/sf). Located at 4982 Hallmark Pkwy, north of...
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• Hemet Multifamily Property Goes for $93k/Unit
1/23/19
Villa La Paz Apartments, a 26-unit apartment property located in Hemet, sold for $2.42 mil, or $93k/unit. Villa La Paz Apartments is located at 675 South San Jacinto St, south of Hwy 74. Built in 1973, the property consists ...
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• Fontana Jack in the Box Fetches $2.375 Mil
1/18/19
A brand-new, single-tenant Jack in the Box in Fontana sold for $2.375 mil. The new, freestanding Jack in the Box is situated on 0.54 acres at 17020 S. Highland Ave, at the entrance of the brand new Highland Village shopping c...
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• Redlands Apartment Sale Comp Comes in at $117k/Unit
1/17/19
A 24-unit apartment property in Redlands sold for $2.8 mil, or $116.7k/unit. The property is located at 312 Cajon St, sout of I-10 off Redlands Blvd. Built in 1950, the property features 20 one-bedroom/one-bath units and fou...
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• Inland Empire Del Taco Trades for $1,957/sf
1/16/19
A single-tenant property fully occupied by Del Taco in Lake Elsinore traded hands in a recent $3.05 mil deal. Located on just under one-half acre of land at 16810 Lakeshore Dr, the freestanding building has 12.5 years remaini...
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• The Robert Green Company Secures $212 Mil for Construction of La Quinta Mixed-Use Development
1/16/19
An affiliate of Mosaic Real Estate Investors has provided The Robert Green Company with $212.25 mil in construction financing for the 145-acre, first phase of the master-planned SilverRock Resort and Residences mixed-use deve...
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• International Properties Holding Group LLC Buys 143k sf Inland Empire Retail Asset
1/09/19
In a recent Inland Empire retail buy, International Properties Holding Group LLC has acquired San Bernardino Target Center, a 143k sf property in San Bernardino. The center, located at 499 W. Orange Rd, was sold by Brixmor Pr...
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• Investor Pays $429/sf for Multi-Tenant Pad Building in Fontana
1/08/19
A private investor from NoCal paid $3.86 mil for a 9k sf ($429/sf), multi-tenant pad building in Fontana. The property is located at 13451 Baseline Ave, adjacent to the I-15 Fwy on/off-ramp at Baseline. Built in 2002 on 0.53...
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• Chino CVS Pharmacy Acquired for $7.6 Mil
1/03/19
A 13k sf retail property leased by CVS Pharmacy in Chino sold for $7.6 mil, or $584/sf. The property was acquired by a local 1031-exchange investor. The building is located at 12101 Central Ave, at a signalized corner off C...
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• Horizon Realty Advisors Buys 658-Bed Student Housing Community in Riverside
1/03/19
Seattle-based Horizon Realty Advisors purchased Sterling Highlander, a 658-bed, 216-unit student housing community in Riverside. The asset was sold by Houston-based The Dinerstein Companies. Sterling Highlander is located at...
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• Bixby Land Led Venture Secures $180 Mil Credit Facility
1/03/19
Bixby Land Co, in a joint venture with an institutional partner, has secured a $180 mil credit facility. The fundís initial closing of $48.875 mil was used to finance a four-building, Class A industrial portfolio totaling 982...
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• Advanced Real Estate Services Buys 194 Res Units in Ontario
12/27/18
Advanced Real Estate Services Inc (ARES) has completed the purchase of 194 units in Ontario from TruAmerica Multifamily. The property, Mountain Summit, sits just south of I-10, on the western edge of the city. Formerly a con...
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• Afton Properties Buys Two Multifamily Properties Totaling 876 Units
12/27/18
Meridian Capital Group has arranged $122 mil for the acquisition of two multifamily properties in the Inland Empire, on behalf of Afton Properties. The transactions include $41 mil in acquisition financing for Alvista Canyons...
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• Office Campus in Murrieta Lands New Owner in $14 Mil Acquisition
12/19/18
Silverhawk Corporate Center, an 80.2k sf office campus in Murrieta, was purchased by Coseo Properties Inc for $14.3 mil ($178/sf). The Class A, high-image suburban office project featuring two buildings sits on 6.05 acres at ...
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• Cypress West Partners Closes on $6.3 Mil Office Buy in Redlands
12/19/18
Park Plaza, a three-building, 52.7k sf office property in Redlands, was purchased by Cypress West Partners for $6.3 mil ($119.50/sf). Located at 1776, 1782 and 1790 West Park Ave, Park Plaza is a three-story, corporate HQ pr...
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• Senior Apartment Community in Ontario Sells for $142k/Unit
12/19/18
Villa Plaza, a 66-unit senior apartment community in Ontario, sold for $9.36 mil ($141.8k/unit). Built in 1970, Villa Plaza is located at 1155 W 4th St, south of I-10 and just west of Mountain Ave. Villa Plaza is a two-story...
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• Investor Exchanges into $9.4 Mil Inland Empire Retail Asset
12/18/18
The Shops at Town Center Marketplace, a 12.6k sf, retail strip center in Menifee, was purchased by a local investor for $9.4 mil ($746/sf). Located at 30029-30067 Haun Rd, The Shops at Town Center Marketplace was completed ...
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