| 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...
| Rancho Cucamonga Warehouse Property Sells in $4 Mil Investment Buy
3C Properties LLC paid $4.1 mil, or $171/sf, for a 24k sf warehouse in Rancho Cucamonga. The property is located at 12228 6th St, north of I-10 and just east of I-15.
Built in 2006, the warehouse includes 3.1k sf of two-stor...
| Two Tenants Lease Up 250k sf Ontario Facility
Airport Distribution Center, a 250.2k sf industrial building in Ontario, has been fully leased by two tenants - Esperia Holdings LLC and Technical Consumer Products Inc. The facility is located at 5700 E. Airport Dr, at the s...
| New Riverside Single-Tenant Retail Property Trades at 4.52% Cap Rate
An L.A.-based private investor paid $2.3 mil for a two-tenant retail property occupied by a brand-new single-tenant Jack in the Box with a drive-thru and a Verizon cell tower in Riverside. The property, located at 1115 W. La ...
| Precision Screen & Security Buys 245k sf Industrial Property in Corona
Precision Screen & Security, a manufacturer of steel fencing and gates for commercial and residential properties, spent $26.5 mil for a 245k sf ($108/sf) industrial property in Corona.
The property, located at 2455 Wardlow R...
| Protempo US Limited Leases 139k sf of Distribution Space in San Bernardino
Protempo US Limited has leased 138.9k sf of distribution space at Tri-City Industrial Complex in San Bernardino. The property is located at 1445 S. Tippecanoe Ave, north of I-10 and east of I-15.
Protempo leased the remaini...
| Kenco Logistics Services Leases 580k sf in the Inland Empire
Kenco Logistics Services LLC, one of the largest woman-owned, third-party logistics companies in the United States, agreed to a lease for 579.7k sf of space in the Inland Empire cityof Perris. Kenco will occupy the entire bui...
| Trio of Inland Empire Industrial Leases Total $56 Mil
We’ve got three recent Inland Empire industrial leases to report. The deals total 1.4 msf of space and have a combined value of $56 mil.
In the largest of the deals, Burlington Distribution of California will occupy a Prolo...
| Seller Collects $6.9 Mil from Sale of Two Riverside Senior Living Properties
Two senior active-living apartment buildings in Riverside sold in separate deals for a total of $6.87 mil. The properties were sold by the same seller, the original developer of both properties.
One of the properties, Orang...