| Hammes Partners Buys Eight Leased Condos at Rancho Mirage Medical Office Building
Eight fully leased condominium units totaling 40k sf within a Class A medical office building in Rancho Mirage traded hands in transactions totaling $16.3 mil. The units were purchased by Milwaukee-based Hammes Partners from ...
| Trammell Crow Company Completes Trio of Spec Industrial Projects in the Inland Empire
Trammell Crow Company (TCC) recently completed three speculative industrial buildings totaling 2.4 msf in the Inland Empire. The projects include a 1 msf building in the City of Riverside’s Hunter Park area, a 750k sf buildi...
| Inland Empire Portfolio Buy Financed with $15.9 Mil Insurance Co Loan
Davis Partners & TH Real Estate purchased a 212.6k sf, multi-tenant industrial portfolio in Riverside and Redlands. The deal was financed with $15.9 mil in beft financing arranged by CBRE and funded through an unnamed life in...
| Investor Pays $229k/Unit for Redlands Apartment Property
In a recent multifamily comp out of the Inland Empire, Cypress Villas, an 83-unit apartment property in Redlands, sold for $19 mil, or $229k/unit. The property is located at 301 E Cypress Ave, near downtown Redlands and the U...
| Rialto Self-Storage Property Trades for $4 Mil
A 1031 exchange investor purchased Rialto Self Storage, a 36.9k sf self-storage facility, for $4 mil. The property, located at 2850 W. Foothill Blvd, was 97% occupied at the time of sale.
The facility features 374 self-stor...
| Exchange Investor Buys Multifamily Property in Indio
A 1031 exchange investor paid $6.45 mil for Vintage Palms Apartments, a 74-unit ($87.2k/unit) residential property in the Inland Empire city of Indio. The asset, comprised of six buildings, is located at 82434 Requa Ave and s...
| Cypress West Partners Buys 32k sf Temecula MOB
Cypress West Partners LLC acquired Redhawk Medical Center, a 32.5k sf, multi-tenant medical office property in Temecula. The purchase was financed with $8 mil in acquisition financing.
Redhawk Medical Center is situated on 2...
| Six Occupied Pad Properties at Inland Empire Retail Center Fetch $29.5 Mil
Six fully occupied retail pads at Perris Marketplace in the Inland Empire city of Perris sold in separate transactions for a combined price of $29.5 mil. The pads, totaling 39k sf of space, consisted of three multi-tenant pad...
| Black Creek Group Buys 743k sf Inland Empire Industrial Portfolio
Black Creek Group, out of Denver, has purchased a portfolio of three adjacent industrial warehouses, totaling 743.4k sf in Colton. The portfolio consists of a 121.2k sf property located at 2036 Miguel Bustamante Pkwy, a 175k ...
| Foreign Investor Pays $741/sf for Riverside Walgreens
An all-cash, Chinese-based investor paid $9.5 mil for a 12.8k sf ($741/sf) Walgreens in Riverside. The Walgreens lease is corporate guaranteed and has 10 years remaining on the initial term, with 10 five-year option periods t...
| Work Started on 200k sf Medical Office Project at Riverside University Health System Campus
Trammell Crow Company’s Southern California—Newport Beach office has commenced construction on a new 200k sf medical office building in Riverside that will be occupied by Riverside University Health System (RUHS). The three-s...
| San Bernardino County Job Growth Running Ahead of Orange and Los Angeles Counties
As businesses and residents continue to be priced out of Southern California’s coastal communities, San Bernardino County is experiencing growth across a number of economic indicators. That fact and more was part of the infor...
| Starbucks Lease in San Bernardino Trades for Over $5 Mil
A local, private 1031 exchange buyer paid $5.3 mil for a brand new single-tenant Starbucks corporate lease in San Bernardino. The seller was an Orange County-based real estate investment and development firm.
Built in 2017 o...
| $10 Mil Renovation Completed on 440-Unit SoCal Apartment Community
The Reserve at Chino Hills, a 440-unit garden-style apartment home community in Chino Hills, just re-opened to the public following a $10 mil renovation by its owners, LA-based Decron Properties Corp.
Decron acquired t...
| Rexford Industrial Realty Closes a $24 Mil Acquisition and an $11 Mil Disposition
Rexford Industrial Realty Inc recently completed two SoCal transactions, one an acquisition and the other a disposition. The firm paid $24.1 mil for a 213.6k sf industrial complex in Ontario, and also collected $10.9 mil for ...
| Two New SoCal Starbucks Trade in Deals Totaling Near $6 Mil
We’ve got news of two brand-new construction, single-tenant corporate Starbucks in SoCal to sell in separate transactions totaling $5.89 mil. The properties are in Hesperia and Covina.
In Hesperia, a Manhattan Beach-based pr...
| Construction of Mixed-Use Development in Corona is Complete
The Metro, a mixed-use development in the center of the Main Street Corridor off Hwy 91 in Corona, has been completed and is in its final phase of leasing apartments. The project, a joint development between Wermers Propertie...
| Two Riverside Apartment Properties Bought by Local Investors for $10 Mil
Two separate apartment properties in the city of Riverside were purchased by local private investment partnerships in separate deals totaling $10.3 mil. The properties, La Paz/Las Palmas Apartments and Cazador’s Court, total ...
| Alere Property Group Closes $12 Mil Inland Empire Purchase
Alere Property Group LLC recently acquired an 81k sf distribution facility in corona for $12.1 mil ($149/sf). The building is located at 200 River Rd, west of I-15 and north of the 91 Fwy.
The building is a state-of-the-art ...
| Fontana Multifamily Property Sells for $172k/Unit
Valencia Avenue Apartments, a 16-unit apartment property in Fontana, sold for $2.75 mil, or $172k/unit. The property sits on .76 acres at 16645 Valencia Ave.
The two-story building was built in 1987. The property consists of...