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February 24, 2021
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INLAND EMPIRE NEWS
Archive
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• Meet the Leading Inland Empire CRE Experts Who Spoke at RENTV's State of the Market Conference
5/07/19
At RENTVís annual Inland Empire State of the Market Conference just held on April 25 at the Embassy Suites by Hilton Ontario Airport hotel in Ontario, some of the regionís top commercial real estate pros shared their insight ...
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• Investors Buy 25k sf of Pad Buildings at Rialto Marketplace
4/30/19
There were two, separate multi-tenant pad sales totaling 25.6k sf at Rialto Marketplace, a 239.5k sf Super Walmart-anchored shopping center located at 1276 S Riverside Ave in the Inland Empire city of Rialto. The assets were ...
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• Investor Pays $163k/Unit for Riverside Multifamily Property
4/29/19
An Inland Empire-based private investor has purchased Las Casitas Apartments, a 71-unit multifamily community in Riverside, for $11.55 mil ($163k/unit). The property is located at 4982 Jurupa Ave, at the corner with Correll S...
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• Rockefeller Group Picks Up 8.8 Acres in Moreno Valley for Distribution Development
4/26/19
Rockefeller Group has acquired 8.78 acres of industrial land in Moreno Valley. The company will begin construction of a 203k sf distribution center this fall with completion expected in summer 2020. The firm acquired the pro...
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• Fontana Industrial Facility Trades for $213 Mil
4/25/19
Sierra Pacific Center, a two-building, 1.5 msf, Class A+ industrial facility in Fontana, has just traded hands in a transaction priced at $213.5 mil, or $142/sf. The buyer was an institutional life insurance company. Weíre to...
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• Inland Empire Distribution Facility Trades for $97 Mil
4/24/19
Exeter Property Group acquired an 806.3k sf, Class A distribution building in San Bernardino for $97.75 mil, or $121/sf. The facility, situated on 41 acres at 6227 Cajon Blvd, is fully leased to Bobís Discount Furniture. 62...
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• Palm Desert Warehouse Property Sells for $110/sf
4/17/19
A 32.3k sf warehouse property in Palm Desert sold for $3.6 mil, or $110/sf. The property is located at 77550 Enfield Lane in the Country Club Business Park, west of Washington St off Country Club Dr. The two-story building ...
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• Bridge Development Partners Buys Ontario Property for Industrial Redevelopment Project
4/12/19
Bridge Development Partners LLC has acquired the former Scandia Fun Center property in Ontario. Following demolition, Bridge plans to construct two speculative industrial buildings, totaling 268.7k sf on the 11.9-acre site. T...
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• Land Site in Fontana Sells for $666k/Acre
4/12/19
A 7.42-acre site in Fontana sold for $4.945 mil, or about S666k/acre. The land is located at 16655 Valley Blvd and 16606 Washington Dr. The property at 16655 Valley Blvd included 6.8 acres on a hard corner location with fla...
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• Two Pad Buildings at Ontario Retail Center Fetch over $5.6 Mil
4/03/19
Two retail pad buildings totaling 21.6k sf situated at a Walgreens-anchored neighborhood center in Ontario sold in separate transactions worth $5.62 mil. The center, built in 2007, is located at 2645 East Riverside Drive. On...
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• Class A Office Building in Ontario Trades Hands in $9.7 Mil Deal
4/02/19
Premier Investment Enterprises Inc recently acquired a three-story, Class A office building in Ontario for $9.7 mil, or $181/sf. The three-story building, New Pointe Plaza, was sold by MDT Enterprises LLC and Cardinal Equiti...
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• Investor Exchanges into 10k sf Perris Retail Asset
3/22/19
Shops at Ramona Expressway, a 9.8k sf, multi-tenant retail center in the Inland Empire city of Perris, sold for $3.5 mil ($352/sf). The property, located at 780 Ramona Expwy, was acquired as part of a 1031 exchange. Built in...
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• Stirling Development Teams Up with Prologis in Future development at Southern California Logistics Airport in Victorville
3/21/19
Stirling Development has entered into a joint venture with Prologis, who will take over as 50% capital partner for Stirling Capital Investments. Together, the two companies plan to continue the build-out of the Southern Calif...
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• Exchange Investor Pays $5.3 Mil for Riverside Single-Tenant Asset
3/21/19
A Newport Beach-based physician in a 1031 exchange paid $5.35 mil for a single-tenant, 17.9k sf ($299/sf) in Riverside. The freestanding property is fully occupied by Grocery Outlet Bargain Market. With construction complete...
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• Single-Tenant Raising Caneís in Fontana Sells for $3.5 Mil
3/19/19
A brand new, single-tenant Raising Caneís Chicken Fingers quick-service restaurant situated on a pad to a Sprouts-anchored shopping center in Fontana, sold for $3.5 mil. The 3.2k sf restaurant includes a drive-thru and sits o...
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• New Barstow Single-Tenant Property Sells for $1,000/sf
3/14/19
A new, 2.6k sf single-tenant retail property in Barstow sold for $2.6 mil, or $1,000/sf. The property, occupied by Dunkiní (formerly known as Dunkiní Donuts) and Baskin-Robbins, includes a drive-thru window. Located midway b...
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• CapRock Partners Sells New Corona Industrial Facility
3/13/19
Temescal Valley Commerce Center, a new 140k sf, Class A industrial building in Corona, was acquired by Brothers International Deserts Inc, a SoCal-based ice cream manufacturer. The price was not disclosed. The recently compl...
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• Find Out What's in Store for the Inland Empire - April 25
3/08/19
Join RENTV on April 25 at our 4th Annual Inland Empire State of the Market Conference. Hear and network with many of the leading commercial real estate pros from this important region, as they discuss the office, industrial, ...
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• Inland Empire Warehouse Goes for $219/sf
3/08/19
A 37.4k sf warehouse property in Fontana traded hands between investors in a deal worth $8.2 mil, or $219/sf. Built in 1989, the facility is located at 7627 Cherry Ave. The building is a concrete tilt-up with 24í minimum cl...
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• Investor Pays $106/sf for Rialto Industrial Asset
3/08/19
A 16-unit, 30.9k sf multi-tenant industrial park in Rialto has sold for $3.3 mil ($106/sf). The multi-tenant industrial park is located at 170-190 N Arrowhead Ave. The project consists of two buildings with units ranging in...
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