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March 28, 2024
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INLAND EMPIRE NEWS
Archive
1  |  2  | 3  | 4  | 5  | 6  | 7  | 8  | 9  | 10  ...  86
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• Single-Tenant Bank of America Property in the Inland Empire Goes for Over $800/sf
9/12/23
A Riverside-based private investor paid $2.875 mil for a 2015-new construction, 3.5k sf ($821/sf) single-tenant property occupied by Bank of America in Palm Desert. The property was sold by an L.A.-based investor. The freest...
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• Pacific Industrial Acquires 10 Acres in the City of Industry
9/11/23
Pacific Industrial recently purchased 10 acres in the City of Industry with plans to build a 215k sf, state-of-the-art spec industrial facility to be called the Pacific Railroad Center. The site is located at 17969 Railroad S...
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• CapRock Obtains $17.5 Mil in Financing for 22-Acre Dev Parcel in Moreno Valley
9/08/23
CapRock has secured $17.5 mil in pre-development financing on a 22.1-acre parcel within the World Logistics Center masterplan in Moreno Valley. Upon entitlement, CapRock will have the optionality to either commence developmen...
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• Westcore Acquires 3.5 msf California Industrial Portfolio
8/29/23
Westcore, a leading industrial real estate acquisition, development and asset management firm, Westcore has acquired the 3.5 msf Odyssey Portfolio, comprised of industrial properties in Livermore, Valencia and Chino, Californ...
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• CapRock Partners Breaks Ground on 1.27 msf Spec Industrial Building in Visalia
8/25/23
CapRock Partners has broken ground on Building 1 at CapRock Central Point III, a new LEED-certified, 2.7 msf, four-building speculative industrial complex in Visalia. Building 1 will bring 1.27 msf of Class A logistics and di...
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• DPI Retail Spends Over $29 Mil on Vacaville Property
8/23/23
DPI Retail purchased Power Plaza, a 112.3k sf, grocery-anchored, neighborhood retail center located in Vacaville, for $29.175 mil ($260/sf). The property was sold by ProEquity Asset Management. Built in 1993 and 1994, the ...
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• Birtcher Development Obtains $75 Mil in Construction Money for Inland Empire Industrial Project
8/23/23
Birtcher Development LLC has secured $75 mil in construction financing for the development of Birtcher Logistics Center Rialto, a 492.6k sf, Class A logistics facility currently under construction in Rialto. The non-recourse ...
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• Community Preservation Partners Buys 44-Unit Affordable Housing Project in Palm Springs
8/18/23
CPP (Community Preservation Partners) acquired Sunnyview Villa, a 44-unit affordable housing property in Palm Springs. The community, located at 2950 N. Indian Canyon Rd in North Palm Springs near the historic Racquet Club We...
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• BDK Logistics Intelligence Leases 114k sf Inland Empire Industrial Facility
8/17/23
BDK Logistics Intelligence Inc has signed a lease for an entire 114.2k sf industrial facility at 1161 Olympic Dr in Corona. Terms of the deal were not disclosed. 1161 Olympic Drive is a freestanding building situated on 4.8 ...
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• $286 Mil Ontario Industrial Lease Recognized as SIOR Largest Transaction for 2022
8/15/23
The DAUM Commercial Real Estate Services team of Gus Andros, SIOR, Eric Fikse, SIOR, and Richard John, SIOR, has won the Society of Industrial and Office Realtors (SIOR) Top Transaction Award for the Largest Transaction Overa...
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• Beverly Hills Investor Exchanges into Trio of Temecula Industrial Buildings
8/10/23
A Beverly Hills-based 1031 exchange investor spent $13.55 mil on three buildings totaling 68.1k sf of space in the Highland Business Center in Temecula. The properties were sold by Providence Real Estate Group. The three bui...
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• Rockefeller Group Picks Up 14 Acres in the Inland Empire for Distribution Development
8/10/23
Rockefeller Group has acquired 14 acres in Perris, CA and will develop a 259k sf distribution center on the land. The project, Patterson Commerce Center, will be located adjacent to Optimus Logistics Center, a 1.4 msf, two-b...
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• LBA realty Spends $37 Mil on Inland Empire Industrial Facility
8/10/23
LBA Realty purchased a 96.5k sf industrial building located on 4.7 acres of land in Fontana for $37 mil ($383/sf). The property, located at 16355-16381 Slover Ave, was sold by Newcastle Partners. Newcastle completed construc...
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• Investor Pays $252k/Unit for Fontana Apartment Building
8/02/23
A 25-unit multifamily community in Fontana sold for $6.3 mil, or $252k/unit. Built in 1973, the property is located at 8919 Mango Ave. It offers a mix of one-bedroom, two-bedroom (townhouse-style), and three-bedroom floorpla...
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• Trio of New Leases Bring Inland Empire Center to 100% Leased
7/28/23
There have been three new leases totaling 24.2k sf at Canyon Springs Marketplace in Riverside, bringing the 183k sf regional center to 100% leased. Located at Day St and Canyon Springs Pkwy, the property is adjacent to the...
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• Clarion Partners and EBS Realty Partners Buy Colton Land for Industrial Development
7/21/23
Clarion Partners and OC-based investment firm EBS Realty Partners have teamed up in the purchase of a 19-acre industrial site in Colton for $61 mil. Located at 275 and 375 De Berry St, on the west side of I-215 at S. La Caden...
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• Birtcher Development Breaks Ground on 492k sf Inland Empire Distribution Project
7/21/23
Birtcher Development has begun construction on Birtcher Logistics Center Rialto, a 492.4k sf, high-cube logistics facility in the Inland Empire city of Rialto. The project is expected to be ready for occupancy in first quarte...
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• MDH Partners Spends $112 Mil on Inland Empire Industrial Building
7/18/23
MDH Partners has purchased a 333.6k sf industrial building in Perris for $112.25 mil, or $337/sf, in a deal we’re told sets a record for the Inland Empire East market as measured by price per square foot for a warehouse distr...
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• Private Investor Spends Just Over $7 Mil for Corona Car Wash
7/17/23
Merit Auto Spa, a full-service car wash center in Corona, sold in a $7.157 mil transaction that included both the business and the real estate. The recently renovated car wash, located at 465 N. McKinley St, is an outparcel t...
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• Inland Empire's Industrial Market Shifts as Sublease Space Rises and Sales Volume Declines
7/10/23
This report provided by real estate services firm NAI Capital Commercial MARKET OVERVIEW The Inland Empire's industrial market is undergoing a shift as it moves away from the previously high demand for warehouse and distrib...
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