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September 19, 2020
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• Inland Empire Neighborhood Center Refinanced with $24.3 Mil Loan
Euclid Plaza LLC has obtained a $24.3 mil loan for the refinance of Stater Bros Plaza, a 73.6k sf neighborhood retail center in Chino. Built in 2008, Stater Bros. Plaza is situated on 6.86 acres at 6989 Schaefer Ave. The cent...
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• Inland Empire Tutor Time Property Sells for $438/sf
A Los Angeles-based private investor paid $4.6 mil for a 10.5k sf ($438/sf), single-tenant Tutor Time Learning Center in Fontana. The property, located at 14273 Baseline Ave, was sold by a San Diego County-based private inves...
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• Ferguson Enterprises Inc and 4F Capital LLC Buy Newly Constructed Distribution Facilities Totaling over 1 msf in the Inland Empire
Rockefeller Group has completed construction of two projects totaling nearly 2 msf of industrial space in the Inland Empire. Upon completion, the company sold two buildings totaling 1.1 msf, out of four, to Ferguson Enterpri...
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• Draftsmen & Craftsmen
Construction has been completed on California State University, San Bernardino’s (CSUSB) new $78 mil, 152.6k sf student housing and dining commons. Located at 5500 University Pkwy, the 407-bed student housing complex and 750-...
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• MCA Realty Spends $26.5 Mil on Two Inland Empire Assets
MCA Realty recently expanded its portfolio in the Inland Empire with the acquisition of two assets, a retail property in Moreno Valley and an industrial asset in Temecula, California. The two properties traded for a combined ...
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• Duke Realty to Construct a 340k sf Build-to-Suit Facility in Moreno Valley
Duke Realty is constructing a new, 340k sf, build-to-suit logistics facility at the intersection of Nandina Ave and Perris Blvd in Moreno Valley. Duke Realty acquired and received full entitlement on the 14.42-acre parcel ear...
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• Newly Constructed Inland Empire Retail Center Trades for $1,000/sf
Spruce Plaza, a newly-constructed, 15.6k sf Class A retail center in Rancho Cucamonga, was purchased by a family trust from the Bay Area for $15.625 mil, or $1,000/sf. The asset consists of two parcels at 10877-10895 East Foo...
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• Invesco Real Estate Completes 500k sf Inland Empire Industrial Buy
Invesco Real Estate purchased Meridian Distribution Center II, a 509.6k sf industrial facility in Riverside. The property was sold by Sun Life Assurance Company of Canada through its advisor Bentall Kennedy. The price was not...
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• Owner/User Buys Newly Built Industrial Facility in San Bernardino
A newly developed, 154.5k sf industrial warehouse building in San Bernardino has sold for $18.23 mil ($118/sf). The building, located at 2705 Lexington Ave, north of the 210 Fwy and just west of I-215, was purchased by a glob...
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• San Bernardino Neighborhood Center Trades in $20 Mil Deal
Seley Plaza, a 159.3k sf neighborhood shopping center in San Bernardino, traded hands in a $20.03 mil transaction. The property, located just south of the 210 Fwy at 2002-2383 E. Highland Ave, was purchased by Newman Internat...
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• Dorel Home Furnishings Renews Lease for 750k sf Facility in Ontario
Dorel Home Furnishings, out of Canada, has agreed to a $33 mil renewal lease of a 750k sf industrial warehouse facility within the five-building Shea Center Ontario business park in Ontario. The lease term was not disclosed. ...
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• Burlington Coat Factory Slated to Open at Renovated Upland Village Center
Wood Investments Companies has completed construction of a 40k sf Burlington Coat Factory in the newly revived Upland Village Center in the Inland Empire city of Upland. Located at the northeast corner of Foothill Blvd and Eu...
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• Two SoCal Multifamily Sales Generate $10.8 Mil
Two SoCal multifamily properties were purchased by different private buyers in separate deals totaling $10.8 mil. CBRE’s Dan Blackwell represented the seller, a family partnership, in both transactions. In one of the deals,...
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• Prism Multifamily Group Finances Palm Springs Apartment Buy with $10.8 Mil Fannie Mae Loan
Prism Multifamily Group recently acquired Latitude 33, a 121-unit, Class A multifamily property in downtown Palm Springs. Latitude 33 holds significance for Palm Springs, which is home to only nine market-rate apartment commu...
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• The Associates Equity Fund Picks Up 165k sf Industrial Portfolio in West Corona
The Associates Equity Fund (AEF) has acquired a four-building, 165k sf industrial portfolio in West Corona for $14.3 mil ($87/sf). The acquired properties include a 25k sf, multi-tenant industrial building along with two free...
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• Victorville Office Property Sells for Over $5 Mil
A 33.5k sf office building in Victorville sold for $5.15 mil, or $154/sf, at a cap rate of 7.8%. The property, Civic Center Professional Building, is located at 15400 Civic Dr. The property was 80% leased to County of San Ber...
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• Firms Ink Leases for Over 700k sf at New Distribution Development in Chino
Casual footwear maker OluKai was among four companies to sign leases recently for more than 70% of the 1 msf Kimball Business Park, a collection of eight distribution buildings underway in Chino. The project is a development ...
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• Recent Lease Signings Account for 70% of Chino Distribution Project
Casual footwear maker OluKai was among four companies to sign leases recently for more than 70 percent of the 1 msf Kimball Business Park, a collection of eight distribution buildings underway in Chino. The project is a devel...
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• New Inland Empire Coffee Bean & Tea Leaf Sells for $1,667/sf
A brand-new, single-tenant retail property occupied by The Coffee Bean & Tea Leaf on an initial 15-year term in Rialto has sold for $2.9 mil, or $1,667/sf. The property, located at 1877 North Riverside Ave, traded at a 3.8% c...
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• Ontario Warehouse/Manufacturing Facility Goes for $168/sf
A 32.8k sf warehouse/manufacturing facility in Ontario sold for $5.53 mil ($168/sf). The building is located at 1100 N. Hellman Ave, within the Airport area submarket of the Inland Empire. Built in 2000, the single-story bu...
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