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August 24, 2019
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INLAND EMPIRE NEWS
Archive
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• Rexford Industrial Realty Spends $141 Mil on Ontario Biz Park
5/26/17
SoCal-based Rexford Industrial Realty Inc recently closed two industrial transactions, an acquisition and a disposition, totaling over $181 mil. The larger deal was the purchase of Safari Business Center, a 1.14 msf project i...
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• MCA Realty Picks Up Eight Acres in Temecula for New Industrial Project
5/19/17
In industrial development news out of Temecula, MCA Realty has acquired an eight-acre parcel at 41573 Dendy Pkwy, on which they intend to construct a 140k sf building, which will be the first industrial development built in t...
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• Residential Development Site in Ontario Sells for $3.4 Mil
5/17/17
A 3.47-acre residential development land site in Ontario sold for $3.39 mil, or $976.5k/acre. The entitled project, consisting of 57 units, is known as Euclid Townhomes. The planned units range in size from 800 sf to 2.3k s...
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• Inland Empire Office Market Potential Strong as SoCal Growth Patterns Show Coastal Residents Moving East
5/16/17
As more and more west coast residents are moving east, to the Inland Empire, employers, namely in the office sector, are now reaping the benefits. A new report from CBRE suggests that the region could be the next untapped fro...
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• Airbus DS Communications Leases 107k sf of R&D Space in Temecula
5/15/17
Airbus DS Communications Inc agreed to a lease for 106.8k sf of R&D space in Temecula. The company, one of the world's largest providers of mission critical communications solutions, will use the space for its North America h...
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• Passco Companies Spends $17 Mil on Corona Retail Center
5/12/17
Passco Companies has acquired Temescal Village, a 103k sf neighborhood shopping center in Corona, for $16.95 mil ($165/sf). It was sold by an unnamed private investor. Built in 1983, Temescal Village is located at 1181-1199 ...
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• Chino Hills KinderCare Sells for $500/sf
5/11/17
A 9.6k sf property in Chino Hills net-leased to KinderCare traded hands at a price of $4.8 mil, or $500/sf. The KinderCare is located at 13815 Peyton Dr, north of Grand Ave and west of Hwy 71. Kevin Boeve, Joshua Rey, Pablo...
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• Riverside Student Housing Community Trades for $200k/Unit
5/10/17
Grandmarc at University Village, a 212-unit luxury student-housing community in Riverside, was purchased by Maryland-based foreign student-housing investor Harmonia Hopkins for $44.1 mil, or $208k/unit. The property is locat...
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• First Phase of El Centro Luxury Res Development Completed
5/05/17
The first phase has been completed at Town Center Villa, a new, 240-unit luxury res community located at 2100 North 10th Street in El Centro. Phase one, valued at $12 mil, consists of 84 newly completed units available now fo...
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• Mostly Vacant Retail Center in Upland Sells for $121/sf
5/03/17
Upland Village, a 153k sf shopping center in Upland, was acquired by Laguna Beach-based Wood Investments Inc for $18.5 mil ($121/sf). The property, located at the intersection of Euclid Blvd and Foothill Blvd, was only 10% oc...
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• Rexford Industrial Realty Buys One SoCal Industrial Asset and Sells Another
5/02/17
Rexford Industrial Realty has purchased one industrial property for $16.5 mil, while selling another for $6.9 mil. Proceeds from the disposition and borrowings under the company's line of credit were used to fund the acquisit...
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• Community Preservation Partners Pays $11 Mil for Indio Affordable Housing Property
4/25/17
OC-based Community Preservation Partners is purchasing Desert Oasis Apartments, a 90-unit affordable housing development in Indio, in an $11 mil transaction. The property is located at 46211 Jackson St, south of I-10 near H...
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• CBRE Capital Markets Arranges $24.6 Mil on Three SoCal Retail Properties
4/24/17
CBRE Capital Markets’ Debt and Structured Finance team has arranged loans totaling more than $24.6 mil for the acquisitions of three Southern California retail centers in separate transactions. The properties include Cypress ...
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• GoPlus Corp Lease of 267k sf Facility Represents 2nd Major Signing in the Past 60 Days at Fontana Biz Park
4/24/17
GoPlus Corp, a major international import-export firm, has leased a 267k sf building at Vintage Park East Industrial Park in Fontana. The 63-month deal has a total value of $7.3 mil, or around $0.43/sf/mo. The building that ...
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• Redlands Coco’s Sells for $655/sf
4/21/17
A 5.5k sf property net-leased to Coco’s Bakery Restaurant in the city of Redlands sold for $3.6 mil, or $655/sf. The property is located at 1140 West Colton Ave, at the intersection with Tennessee St, adjacent to the south s...
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• Inland Empire Multi-Tenant Office Property Trades for $14.5 Mil
4/21/17
Charter School Capital paid $14.5 mil for an 86.6k sf ($167/sf), multi-tenant office building in San Bernardino. The property, located at 655 West Second St, north of Rialto Ave and just east of I-215, was sold by California ...
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• Commercial Real Estate Financing Briefs
4/19/17
PSRS -- Mike Thorp with Pacific Southwest Realty Services arranged an $80 mil loan for a 266-unit walk‐up apartment project near Santa Barbara. The luxury, Class A complex sits on a 13.7-acre lot and includes 18 buildin...
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• Exchange Investor Buys 131k sf Riverside Industrial Asset
4/18/17
A 131.3k sf, single-tenant industrial building in Riverside was recently acquired by a 1031 exchange investor in a deal valued at $17.85 mil, or $136/sf. The building traded at a 4.8% cap rate. The property, located at 7145 ...
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• New Retail Center Expected to Bring a Renaissance to Rialto
4/14/17
There’s been significant leasing activity at Renaissance Marketplace, a 450k sf retail and entertainment center located along the 210 Fwy in the Inland Empire city of Rialto. The project, currently under construction by Lewis...
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• Catch Up on the Latest Trends and Developments in Downtown Los Angeles and the Inland Empire
4/13/17
Here’s your chance to get up-to-date on the latest trends and activity in Downtown Los Angeles and the Inland Empire, at RENTV’s upcoming State of the Market conferences later this month. You’ll enjoy expert commentary from m...
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