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June 10, 2023
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• Three Retail Properties in the Inland Empire Sold for $17.3 Mil
Three retail properties that are outparcels to French Valley Marketplace in French Valley, CA traded hands in a recent $17.3 mil deal. The three properties total 32.7k sf of space and include a Grocery Outlet, a Rite Aid, and...
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• IDS Real Estate Group Acquires 1.17 msf Cold Storage Facility in Riverside
IDS Real Estate Group has obtained $124 mil in post-close acquisition financing for 14950 Meridian Parkway, a 1.17 msf cold storage facility the firm purchased in Riverside. The property is 100% leased to United Natural Food...
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• Kalaveras Buys 8.9k sf Inland Empire Restaurant Property
Kalaveras, a SoCal-based Mexican restaurant chain, has purchased a fully equipped restaurant in Moreno Valley for $2.785 mil. The 8.9k sf ($313/sf) building, located at 23060 Alessandro Blvd, was previously home to a Woody’s ...
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• Private Investor Pays $463/sf for Riverside Retail Property
A 10.4k sf, neighborhood retail shopping center in Riverside traded hands for $4.825 mil, or $463/sf. The property, Centerpointe Plaza, is located at 3225 Market St, at the intersection of Riverside's primary thoroughfares: M...
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• San Bernardino County State of the County and Regional Business Summit to be Held Wednesday, Oct. 5, 2022
San Bernardino County’s 2022 State of the County and Regional Business Summit will take place on Wednesday, Oct. 5, 2022. Each year the event attracts 1,000 business, government, and community leaders to hear more on what is ...
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• Lake Elsinore Multifamily Property Traded in $64 Mil Deal
An entity of Atlantic Pacific Companies paid $64.5 mil for River’s Edge Apartments, a 184-unit ($350.5k/unit) multifamily property in Lake Elsinore, CA. Built in 2007, the property is located at 2088 East Lakeshore Dr, on the...
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• Universe Holdings Closes on 160-Unit Multifamily Community in the Inland Empire
In a recent Inland Empire multifamily trade, Universe Holdings purchased Stonegate Apartments, a 160-unit multifamily asset in Riverside. The price was not given out, however, we can tell you that the deal was financed with a...
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• Ridgecrest Multifamily Comps Works Out to $107k/Unit
Norma Street Apartments, a 66-unit multifamily community in Ridgecrest, sold for $7.1 mil ($107.5k/unit). The property is located at 800 South Norma St, east of Downs St and north of China Lake Blvd. Built in 1992, the Norma...
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• Olympus Real Estate Group Buys Murrieta Hot Springs Property for $50 Mil
The historic Murrieta Hot Springs has been purchased for $50 mil by Olympus Real Estate Group, a real estate investment and development firm, with plans to renovate and preserve the 46-acre property as a hot springs wellness ...
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• NewMark Merrill Companies Ready to Break Ground on 96k sf Inland Empire Shopping Center
There are currently 18 businesses slated to take space at Rialto Village, a 96k sf shopping center development breaking ground this month at the southwest corner of San Bernardino Ave and Riverside Ave in the Inland Empire ci...
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• DCG Fulfillment Inks Lease for 189k sf in Fontana
DCG Fulfillment has leased a 189.3k sf industrial space in Fontana. Terms of the deal were not disclosed. DCG’s new space is part of a larger 600k sf industrial warehouse property located at 13481 Valley Blvd in the Inland E...
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• Palm Desert Retail Asset Fetches $5 Mil
A two-tenant, net-leased investment occupied by Mattress Firm and Club Champion in Palm Desert traded for $5 mil. The property is located on an outparcel to a Walmart Neighborhood Market on Highway 111. Built in 2019, the 6....
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• Silver Star Real Estate Buys 304 Res Units in the Inland Empire
Silver Star Real Estate, a privately owned real estate company based in La Palma, has acquired Metro 3610, a 304-unit, value-add multifamily community in Riverside. Built in 1984, Metro 3610 sits on 15.2 acres at 3610 Banbury...
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• Riverside Multifamily Community Sells for $60 Mil
Raincross Promenade, a 141-unit luxury property in Riverside, sold for $60 mil ($425.5k/unit). Built in 2010, the property is located at 3250 Market St, west of I-215 and south of Hwy 60. Raincross Promenade is four floors i...
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• Greystar Real Estate Company Picks Up 264-Unit 55+ Res Community in the Inland Empire
Greystar Real Estate Company has purchased The Village on 5th, a 264-unit 55+ age-restricted, multifamily community in Rancho Cucamonga. The property is located at 9400 Fairway View Pl, north of I-10 and west of I-15. Villa...
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• JPI Acquires 482-Unit Riverside Res Project Currently Under Construction
JPI acquired a 482-unit apartment project on approximately 18 acres located near the intersection of CA-60 and I-215 in Riverside. The project is part of a larger 35-acre mixed-use development called The Exchange being develo...
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• Barstow KFC Sells for $2.85 Mil
A newly constructed Kentucky Fried Chicken in Barstow traded for $2.85 mil. The property was a built-to-suit construction with a drive-through and opened for business in February 2022. The property is located at 1440 E. Main...
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• Rexford Industrial Realty Completes $660 Mil of SoCal Industrial Buys
Rexford Industrial Realty closed on the acquisition of seven industrial properties for an aggregate purchase price of $660.9 mil. The purchases, made in June and July of this year, were funded using a combination of cash on h...
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• Work Finished on 84k sf Building 2 at New Industrial Development in Menifee
Jupiter Holdings LLC has completed construction of Scott Road Commerce Center’s building 2, an 84.2k sf, Class A industrial building in Menifee. Located at 33360 Zeiders Rd, the structure offers heavy power capabilities with ...
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• Sharp Capital and One Cole Group acquire 37k sf Industrial Building in Riverside
DSquared Capital LLC (DSC), a newly formed joint venture between Sharp Capital and Cole Capital Group, acquired a 37k sf industrial building in Riverside for $6.15 mil ($166/sf) in an off-market transaction. The property is ...
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