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• Tower Energy Group Buys Dev Site in Rancho Mirage
12/22/17
Tower Energy Group paid $5.65 mil for a 22.48-acre, mixed-use development land site in Rancho Mirage. The land parcel, situated on the northeast corner of Monterey Ave and Frank Sinatra Dr, in a rapidly growing area of the ci...
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• Heitman Affiliate Acquires 475k sf Inland Empire Industrial Asset
12/22/17
An affiliate of Heitman LLC purchased 290 Markham Street, a 475.2k sf, newly developed, fully leased, state-of-the-art industrial warehouse on over 24 acres in the Inland Empire city of Perris. The property was sold by Circle...
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• Dedeaux Properties Closes Out an Active Second Half for 2017
12/18/17
Dedeaux Properties has closed the year by signing several major logistics companies to long-term leases for trucking facilities in key Southern California industrial markets.
In one deal, a Fortune 100 logistics company sign...
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• Temecula Industrial Facility Traded Between Investors
12/15/17
A 60k sf, Class A industrial building in Temecula has purchased by a private investor for $7.4 mil ($123/sf). It was sold by a local investment company.
Built in 2006 and situated on 1.28 acres at 41995 Remington Ave, the pr...
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• Former K-Mart Property in the Inland Empire to Be Redeveloped
12/12/17
A former Kmart-occupied retail property in Colton was recently acquired by an undisclosed 1031 exchange investor from Orange County for $5.35 mil. The 104.2k sf site is located at 1175 South Mount Vernon Ave.
The property is...
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• Inland Empire Apartment Property Sells in $4.8 Mil Deal
12/11/17
Infinitus Investments Groups LLC purchased a 62-unit multifamily property in San Bernardino for $4.8 mil, or $77.4k/unit. The property, located at 1420 East Pumalo St, was sold by Pumalo Properties L.P.
The complex offers a...
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• Inland Empire Grocery-Anchored Retail Center Trades
12/08/17
Perris Plaza, a 150.1k sf, grocery-anchored dominant shopping center in the Inland Empire city of Perris, was acquired by Nuevo Perris LLC, which is a joint venture among Wood Investments, a Laguna Beach-based real estate inv...
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• Furniture Manufacturer Buys Inland Empire Distribution Facility
12/05/17
Parker House Furniture has acquired a 271.1k sf industrial building in Eastvale, CA for use as one of the compay’s distribution facilities. Located at 6300 Providence Way, the warehouse is part of The Campus development, whic...
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• Hardwoods Specialty Products Leases 147k sf Inland Empire Facility
12/01/17
Hardwoods Specialty Products agreed to a 10-year lease for a 147k sf full building in the Inland Empire. The facility is located at 17610 Harvill Ave in Perris, within Harley Knox Logistics Center. The deal value was not disc...
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• Westcore Properties Picks Up 1 msf Industrial Portfolio in the Inland Empire
12/01/17
In San Bernardino, Westcore Properties has acquired Northgate Industrial Portfolio, a two-building, 1.025 msf Class A industrial asset. The distribution buildings, situated on over 44 acres at 927 East 9th St and 7776 East Ti...
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• Freestanding Retail Property in Riverside Sells for $148/sf
12/01/17
A free-standing, 22k sf retail building in Riverside sold for $3.25 mil, or $148/sf. The property is located at 10000 Magnolia Ave, along Riverside’s premier retail corridor.
Built in the 1960s, the outdated building is most...
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• Landec Corp Leases 54k sf of Ontario Industrial Space
11/17/17
Landec Corp agreed to a 10-year, $6 mil lease for 54k sf ($0.92/sf/mo) of industrial space in Ontario. Landec’s new space is part of a 92k sf facility at 1975 E. Locust St, within Vineyard Airport Center, near Ontario Interna...
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• Inland Empire Retail Complex Traded in $56 Mil Deal
11/03/17
Murrieta Town Center, a 334.9k sf, value-add community shopping center in the Inland Empire city of Murrieta, was purchased by an affiliate of U.S. Realty Partners Inc for $56.6 mil, or $169/sf. It was sold by a private selle...
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• Commercial Real Estate Financing Briefs
11/02/17
BERKELEY POINT CAPITAL - Berkeley Point Capital recently provided a Prime Residential affiliate with $105 mil in acquisition financing for the purchase of Avion at Spectrum, a 448-unit luxury apartment complex located in San ...
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• Duke Realty Picks Up Two SoCal Industrial Facilities Totaling 874k sf
10/31/17
Duke Realty Corporation has purchased two industrial buildings totaling 873.9k sf in the SoCal cities of Fontana and Industry. The two assets are part of a larger $700 mil, 12-property industrial portfolio that Duke purchased...
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• Moreno Valley Retail Asset Trades for Over $500/sf
10/20/17
A 6.4k sf retail building in Moreno Valley, sold for $3.53 mil, or $552/sf. The property is fully occupied by two corporate tenants – TitleMax and Coast Dental – which are both on long-term triple-net leases.
Situated on .3 ...
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• Apparel Manufacturer Leases 443k sf Industrial Facility in Chino
10/13/17
Topson Downs inked a 10-year lease for a newly-constructed, 442.9k sf distribution warehouse in Chino in a deal said to be worth about $30 mil, or $0.56/sf/mo. The building is located at 8986 Remington Ave, west of I-15 and s...
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• Westview Group Buys 175-Unit Multifamily Property in Palms Springs for $20.5 Mil
10/12/17
Westview Group has purchased a 175-unit apartment property in Palm Springs for $20.5 mil ($117k/unit). Built in 1979, the property is located at 311 South Sunrise Way, south of Tahquitz Canyon Way between Palm Canyon Dr and ...
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• Logan Capital Advisors Buys Over 200 Apartment Units in the Inland Empire
10/12/17
Logan Capital Advisors spent $33 mil on a two-property, 214-unit ($154.2k/unit) apartment portfolio in the Inland Empire. The properties, Reche Ridge and 1333 Canyon, are located at 2270 Cahuilla St and 1333 Reche Canyon in t...
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• Inland Empire Office Asset Trades in $45 Mil Transaction
10/10/17
Northpointe, a five-story 280.2k sf Class A office building in San Bernardino, was purchased by TPG Capital & Gramercy Property Trust in a recent $45 mil ($161/sf) sale. The property, situated on 14.5 acres at 1003 Brier Dr, ...
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