| SoCal Office Markets Seeing Flight to Low-Mid-Rise Buildings
This report provided by NAI Capital Commercial
As tenants renewing leases question what type of space and how much they’ll truly need, a flight to low-mid-rise office building space is playing out in Southern California mark...
| Rexford Industrial Realty Closes $83 Mil in SoCal Industrial Buys
Rexford Industrial Realty acquired of four SoCal industrial properties for combined price of $82.7 mil. The purchases were funded using a combination of cash on hand, operating partnership units, proceeds from forward equity ...
| Nordstrom Rack Inks Anchor Lease at Riverside Retail Center
Nordstrom Rack inked a lease for a 30k sf anchor space at the 183k sf Canyon Springs Marketplace in Riverside. The center, located at 2660 Canyon Springs Pkwy, already includes such retailers as Marshalls, Old Navy, Petco, Bi...
| CapRock Partners Starts Work on Phase 1 of Large-Scale Industrial Project in Norco
CapRock Partners is underway on the construction of Phase I of Palomino Ranch, a large-scale, state-of-the-art master-planned industrial warehouse development in Norco. The development will consist of 2 msf of space across 24...
| Rexford Industrial Realty Spends $65 Mil on Four SoCal Properties
Rexford Industrial Realty closed on the purchase of four SoCal industrial properties totaling 150.7k sf for $65 mil. The assets, located in Van Nuys, Carson, Vernon and Oceanside, were sold by New York-based New Mountain Capi...
| Grocery-Anchored Retail Property in Hemet Sells in $14 Mil Deal
A CA-based private investor paid $13.95 mil for Ramona Plaza, a 102.5k sf ($136/sf) retail center in Hemet. Built in 1974, the property sits on 6.41 acres at 1300-1480 E. Florida Ave. Ramona Plaza is located at the highly tra...
| Circle K-Anchored Center in the Inland Empire Gets Traded for $8 Mil
The Grove, a 39.3k sf, Circle K-anchored neighborhood center in Redlands, sold for $8 mil. The property is located at 1542-1598 Orange St, at the signalized intersection of Orange St and San Bernardino Ave, just minutes from ...
| Private Investor Exchanges $11 Mil into Two Inland Empire Retail Pad Buildings
A Beverly Hills-based, private 1031 exchange investor paid $11 mil for two multi-tenant retail pad buildings totaling 13.5k sf ($815/sf) at Highland Village Shopping Center, a new Sprouts-anchored shopping center in Fontana. ...
| San Jacinto Community College District Breaks Ground on STEM Science & Technology facility
Mt. San Jacinto Community College District (MSJC) has broken ground on a new STEM Science & Technology facility at its San Jacinto Campus. The $37 mil project is being built by C.W. Driver Companies in partnership with LPA Ar...
| iDC Logistics Leases New 190k sf Fontana Facility
iDC Logistics Inc, a third-party logistics company, has signed two leases totaling 553k sf of industrial space, in Fontana, CA and Garden City, GA.
In the SoCal deal, the firm took a new construction, 189.5k sf new Class A ...
| JH Real Estate Partners Wraps Up $70 Mil Inland Empire Retail Buy
In a major retail buy in the Inland Empire, JH Real Estate Partners Inc paid $70.5 mil for Inland Empire Center, a 309.5k sf ($228/sf) asset in Fontana. The property was sold by The Baralat Company, a Westlake Village-based r...
| New Habit Burger Grill in the Inland Empire Sells for almost $1,700/sf
A newly constructed, single-tenant Habit Burger Grill drive-thru property in Palm Desert sold for $4.57 mil. The 2.7k sf ($1,692/sf) property sits on 0.91 acres at 73320 Dinah Shore Dr, at the newly developed Monterey Crossin...
| Private Investor Pays $250/sf for Riverside Office Building
An Orange County-based family trust paid $10.17 mil for a 40.5k sf ($251/sf), multi-tenant office building in Riverside. Located at 11870 Pierce St, the building features high-image office finishes, and exterior amenities inc...
| Draftsmen & Craftsmen
Menifee Union School District has completed a reconstruction work at its Menifee Valley Middle School. The $38 mil, 71.3k sf project transitioned the campus to a magnet school focused on visual and performing arts.
| Riverside Office Building Trades in $13.1 Mil Deal
A 65.4k sf, three-story office building in Riverside sold for $13.1 mil ($200/sf). The building, located at 2280 Market St, was 68% leased at time of sale.
The property was sold by Dornin Investment Group. The structure was ...
| Inland Empire Retail Center Sees Five Signings totaling 22k sf of Space
There have been five new lease signings totaling 21.8k sf to report at Corona Hills Plaza. These latest deals bring the center to 97% leased.
The popular outdoor regional center is located adjacent to the heavily traveled...
| Buchanan Street Partners Picks Up New 95k sf Self-Storage Facility in Chino Hills
Buchanan Street Partners has acquired a new, 95.5k sf three-story, climate-controlled self-storage facility in Chino Hills for $24.5 mil in an off-market transaction. The facility, located at 15443 Fairfield Ranch Rd, is comp...
| Rancho Cucamonga BofA Property Purchased for $668/sf by a NoCal Private Investor
A NoCal-based private investor paid $6.15 mil for a 9.2k sf ($668/sf), single-tenant NNN Bank of America property in Rancho Cucamonga, in an all-cash 1031 exchange deal. The property is located at 8700 Baseline Rd.
| Private Investor Closes $3.9 Mil Retail Buy in Big Bear Lake
San Gabriel Valley-based private investor paid $3.9 mil for Village Mall at Big Bear, a 24.8k sf ($157/sf), multi-tenant retail center in Big Bear Lake, in an all-cash transaction.
Located at 40729 Village Drive, the 100% oc...
| Inland Empire Multifamily Comp Works Out to $191k/Unit
In a recent multifamily sales comp from the Inland Empire, Vintage Palms Apartments, a 74-unit property in Indio, was purchased by a private investor for $14.15 mil ($191.2k/unit).
Vintage Palms Apartments is located at 824...