| New LA Fitness in Temecula Sells for $13 Mil
A new, 37k sf single-tenant building occupied by LA Fitness in Temecula has sold for $13 mil ($351/sf). The net-leased property, completed earlier in 2018, is located on 3.69 acres at 29920 Temecula Pkwy, on the east side of ...
| TH Real Estate Closes $20 Mil Industrial Buy in Corona
A 130.5k sf, three-building industrial portfolio in Corona traded hands at a price of $19.6 mil, or $150/sf. The buyer was TH Real Estate, a real estate investment manager.
The properties are located at 1467 and 1468 Davril ...
| Work Started on a 500k sf Spec Industrial Facility in the Inland Empire
Bridge Development has started construction on Rialto Fulfillment Center 3, a 505.9k sf, spec Class A facility in Rialto. Completion on the building is scheduled for Q4 2019.
The building, located at 12050 Agua Mansa Rd, wi...
| Walmart Neighborhood Market in Palm Desert Sells for $13.5 Mil
A single-tenant, 45.6k sf retail property fully occupied by Walmart Neighborhood Market in Palm Desert has sold for $13.5 mil ($296/sf). The property, situated on 5.37 acres at 72314 Highway 111, was purchased by a private in...
| Manufacturer of Seats for Off-Road Vehicles Inks Expansion/Relocation Lease in Temecula
Bestop PRP LLC, a company that manufactures premier suspension seats for off-road vehicles, recently inked a five-year lease for 43.2k sf of industrial space in Temecula. The firm will use the space as it headquarters. They p...
| Inland Empire Flex/Industrial Building Trades for $5.7 Mil
Bailey California Properties LLC paid $5.7 mil for 150 West Walnut Street, a 50.3k sf ($113/sf) flex/industrial building in the Inland Empire city of Perris. The property was sold by WW 150 Perris, LLC, a locally based owner-...
| Owner/User Pays $106/sf for Temecula Industrial Facility
A 25.2k sf in Temecula was purchased for $2.675 mil ($106/sf) by Forum Capital LLC, an owner-user who will deploy the facility for an auto parts distribution business. The property is located at 43223 Business Park Drive.
| Davlyn Investments Buys 125-Unit Inland Empire Residential Community
Davlyn Investments paid $34.8 mil for The Summit, a 125-unit ($278.4k/unit) multifamily property in Chino Hills. The upscale, Class A community represents Davlynís tenth acquisition in the Inland Empire.
Constructed in 1990,...
| Investors are Getting Hesperical about Land in this High Desert City
Four parcels of prime commercial land totaling 15 +/- acres in Hesperia have sold for for $4.3 mil. The City of Hesperia is the gateway to the High Desert region, which is one of the fastest growing areas of Southern Califor...
| Rancho Cucamonga Warehouse Property Trades for Record $147/sf
Deutsche Wealth Services acquired a 468.7k sf industrial warehouse in Rancho Cucamonga for $68.95 mil ($147/sf). The property, located at 9050 Hermosa Ave, was sold by TH Real Estate, an affiliate of Nuveen (the investment ar...
| Work Started on 1.26 msf Inland Empire Industrial Facility
Panattoni Development Company Inc, in partnership with PGIM Real Estate, has started construction on Building 1, a free standing 1.26 msf industrial building at the Rialto Fulfillment Center. The property is located at 3520 S...
| Local Investor Buys Palm Springs Apartment Property
A 23-unit apartment complex in Palm Springs was purchased by a local private investor for $2.2 mil ($95.7k/unit). It was sold by PS Housing Investors.
The 16.7k sf property is located at 1433 and 1455 Indian Canyon Dr. The c...
| Cathedral City Apartment Property Sells for $156k/Unit
A private investment group out of Riverside has purchased Presidio Park in Cathedral City, a 45-unit community in Cathedral City, for $7 mil, or $155.6k/unit. It was sold by a family partnership located in Cathedral City.
| Lake Elsinore Marketplace Sells for Over $44 Mil
Pacific Castle has purchased Lake Elsinore Marketplace, a 144k sf regional shopping center in Lake Elsinore, for $44.26 mil ($307/sf). Built in 2005, the western Riverside County property is anchored by Grocery Outlet, Dollar...
| Phillips Edison & Company Inc Buys 80k sf Inland Empire Retail Center
Sierra Vista Plaza, an 80.3k sf, value-add retail center in Murrieta, was purchased by Phillips Edison & Company Inc. The property is situated on eight acres at 25030-25100 Hancock St, adjacent to I-215.
Sierra Vista Plaza i...
| D.R. Horton Acquires 329 Single-Family Home Lots in Cathedral City
D.R. Horton acquired 329 single-family lots at Verano, a 1,362-unit, master-planned community within the city of Cathedral City, from Inland Communities Corp. Verano is one of the few improved lot projects available for entry...
| Montclair Retail Center Sells for $686/sf
A Yorba Linda-based private investor paid $4.05 mil for Shops at Mission Square a 5.9k sf ($686/sf) retail center in Montclair. The property, located at 4467 Mission Blvd, sold above listing price in an all cash transaction w...
| Dornin Investment Group Spends $44 Mil on Riverside Office Portfolio
Dornin Investment Group has acquired a five-building, 223.7k sf Class A office portfolio on the perimeter of downtown Riverside for $44.25 mil ($198/sf). The purchase includes Riverside Gateway I & II and Market Street Corpo...
| Local Buyer Spends $26 Mil on Inland Empire Retail Center
Tarski Group LLC has purchased Heritage Plaza, a 119k sf shopping center in Riverside, for $26.25 mil ($220/sf). The property is located at 5130-5290 Arlington Ave, east of I-15 and north of the 91 Fwy.
Heritage Plaza is anc...
| Construction Underway on 1.3 msf Phase I of Colony Commerce Center in Ontario
Ivanhoe Cambridge and CapRock Partners have started work on Phase I of Colony Commerce Center in Ontario. Located at the northeast corner of Carpenter and Remington Avenues, Colony Commerce Center Phase I will comprise 1.3 ms...