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July 6, 2020
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INLAND EMPIRE NEWS
Archive
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• Investor Pays $1,364/sf for NNN, Single-Tenant Retail Asset in Perris
7/11/18
A newly constructed, 2.1k sf single-tenant retail property in the Inland Empire city of Perris was purchased for $2.81 mil by a private investor out of Los Angeles. The deal came in at a price of $1,364/sf and a cap rate of 4...
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• SoCal Investors Pick Up Retail Assets in Separate San Bernardino Buys
7/10/18
Two retail buildings at University Town Center in San Bernardino sold for a combined price of $3.7 mil. The well-established center is located in a highly desirable college neighborhood less than a mile from Cal State Univers...
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• Positive Investments Closes on $33 Mil Res Buy in Victorville
7/03/18
Arcadia-based Positive Investments closed on the acquisition of two multifamily properties in Victorville, totaling 320 units, for a combined price of $33 mil. One of the properties, The Colony, is located at 14450 El Evado ...
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• Development of Coachella Hotel Project Lands $32 Mil in Financing
7/02/18
Glenroy Coachella has obtained $32.4 mil in financing for the ground-up development of a 250-room, 35-acre casitas-style resort hotel flagged by an IHG Hotel Indigo in Coachella, CA. The financing consists of a $24.4 mil seni...
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• Rancho Cucamonga Retail Center Goes for $263/sf
6/26/18
RC Plaza, a 37.2k sf, neighborhood shopping center in Rancho Cucamonga, traded for $9.8 mil, or $263/sf. The property, located at the signalized intersection of Archibald Ave and East Foothill Blvd, was purchased by an LA-bas...
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• CapRock Partners Starts Work on New Inland Empire Industrial Project
6/25/18
CapRock Partners has broken ground on Serrano Business Park, a 327k sf industrial development in Jurupa Valley, CA. The project will comprise three Class A industrial buildings with units ranging from 31.2k sf to 179k sf. Bo...
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• Duke Realty Corp Underway with Two Inland Empire Industrial Projects
6/19/18
Duke Realty Corporation is currently developing two new warehouse developments in the Inland Empire East submarket. The projects, which total 897.9k sf, will bring the company’s total industrial portfolio in the market to mor...
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• Penske Truck Leasing Pays Over $5 Mil for Fontana Development Land
6/15/18
A 5.47-acre industrial development land site in Fontana sold for $5.2 mil, or $925.3k per acre. The buyer was Penske Truck Leasing Co, LP. The land parcel sits on the northwest corner of Valley Blvd and Elm Ave, minutes from...
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• Office Asset in Temecula Goes for $174/sf
6/15/18
Temecula Oaks, a 33.3k sf office building in Temecula, sold for $5.8 mil, or $174/sf. The deal closed at a cap rate of 7.5%. Built in 1985 and renovated in 2015, Temecula Oaks is situated on 2.58 acres at 28765 Single Oak D...
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• TA Realty Buys 147k sf Inland Empire Facility from Newcastle Partners in $16.3 Mil Deal
6/06/18
TA Realty, LLC has acquired Harley Knox Logistics Center, a 147k sf, Class A industrial facility in Perris, for $16.35 mil ($111/sf). The property, located at 17610 Harvill Ave, is fully occupied by Hardwoods Specialty Produ...
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• Newly Constructed Industrial Facility in Temecula Sells for $16.85 Mil
6/05/18
MCA Business Center, a newly constructed 143.2k sf industrial building in Temecula, sold for $16.85 mil, or $118/sf. The property, located at 41573 Dendy Pkwy, was sold by MCA Realty Inc. The building was purchased by Wester...
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• 113k sf Ontario Industrial Complex Sells in Two Deals
5/29/18
In industrial sales activity from Ontario, Magnolia West Commerce Center, consisting of two newly-constructed buildings totaling 113.5k sf of space, was sold in two separate transactions. The deal prices were not given out. ...
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• LBA Realty Makes $20 Mil Buy of Inland Empire Industrial Asset
5/16/18
LBA Realty has purchased a fully leased, Class A core industrial building totaling 155.1k sf on nearly seven acres in Riverside for $20.2 mil ($130/sf). Built in 2007, the state-of-the-art facility is located at 1100 E. Citru...
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• CapRock Partners Buys 23 Acres in Norco
5/11/18
CapRock Partners has acquired 23 acres in Norco that will accommodate a planned, 425k sf industrial business park. The property, strategically positioned in the Inland Empire West submarket, bolsters CapRock’s development pip...
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• Ice Manufacturer Buys 24k sf Building in Lake Elsinore
5/07/18
A newly constructed 24k sf industrial building in Lake Elsinore sold for $3.46 mil ($144/sf). Built in 2018, the property sits on 1.47 acres at 470 3rd St. The property features 2.8k sf of office space, 1.4k sf of mezzanine ...
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• Inland Empire Retail Center Sells for $133/sf
5/07/18
Rose Plaza, a 25.4k sf retail property in Hesperia, sold for $3.38 mil ($133/sf). The property is located at 15885 Main St, in a high-growth and affluent region of Hesperia. The shopping center was built in 1987 on approxim...
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• Multi-Tenant Property in the Inland Empire Fetches $163/sf
5/03/18
A 29.4k sf, multi-tenant industrial building in Cathedral City sold for $4.8 mil, or $163/sf. The building, constructed in 1989, is considered a value-add opportunity. The building sits on 1.75 acres of land at 68945 Perez R...
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• Rexford Industrial Realty Acquires Two Socal Industrial Assets and Sells another One
5/02/18
Rexford Industrial Realty Inc has completed three SoCal transactions consisting of two industrial property acquisitions totaling $21.5 mil and one disposition for $1.7 mil. The acquisitions were funded through a combination o...
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• Real Estate Development Associates Starts Work on Two SoCal Industrial Projects
4/25/18
Real Estate Development Associates LLC (REDA) has begun work on two industrial projects in Southern California. The projects are key components of the firm’s plan to break ground on more than 3 msf of industrial space in Sout...
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• San Bernardino County Retail Market Activity Leads in Southern California
4/24/18
San Bernardino County’s surging job and population growth are proving to be a critical driver for retail activity. According to CBRE’s 4th quarter 2017 Retail Overview for San Bernardino County, there is 844.2k sf of new re...
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