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• Investors are Getting Hesperical about Land in this High Desert City
11/21/18
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...
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• Rancho Cucamonga Warehouse Property Trades for Record $147/sf
11/20/18
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...
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• Work Started on 1.26 msf Inland Empire Industrial Facility
11/13/18
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...
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• Local Investor Buys Palm Springs Apartment Property
11/13/18
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...
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• Cathedral City Apartment Property Sells for $156k/Unit
11/09/18
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.
Bu...
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• Lake Elsinore Marketplace Sells for Over $44 Mil
11/09/18
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...
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• Phillips Edison & Company Inc Buys 80k sf Inland Empire Retail Center
11/08/18
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...
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• D.R. Horton Acquires 329 Single-Family Home Lots in Cathedral City
11/07/18
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...
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• Montclair Retail Center Sells for $686/sf
10/30/18
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...
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• Dornin Investment Group Spends $44 Mil on Riverside Office Portfolio
10/30/18
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...
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• Local Buyer Spends $26 Mil on Inland Empire Retail Center
10/19/18
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...
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• Construction Underway on 1.3 msf Phase I of Colony Commerce Center in Ontario
10/16/18
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...
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• Inland Empire Neighborhood Center Refinanced with $24.3 Mil Loan
10/11/18
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
10/09/18
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
10/09/18
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
10/08/18
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
10/08/18
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
9/25/18
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
9/24/18
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
9/20/18
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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