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• Investor Pays $252k/Unit for Fontana Apartment Building
8/02/23
A 25-unit multifamily community in Fontana sold for $6.3 mil, or $252k/unit.
Built in 1973, the property is located at 8919 Mango Ave. It offers a mix of one-bedroom, two-bedroom (townhouse-style), and three-bedroom floorpla...
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• Trio of New Leases Bring Inland Empire Center to 100% Leased
7/28/23
There have been three new leases totaling 24.2k sf at Canyon Springs Marketplace in Riverside, bringing the 183k sf regional center to 100% leased.
Located at Day St and Canyon Springs Pkwy, the property is adjacent to the...
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• Clarion Partners and EBS Realty Partners Buy Colton Land for Industrial Development
7/21/23
Clarion Partners and OC-based investment firm EBS Realty Partners have teamed up in the purchase of a 19-acre industrial site in Colton for $61 mil. Located at 275 and 375 De Berry St, on the west side of I-215 at S. La Caden...
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• Birtcher Development Breaks Ground on 492k sf Inland Empire Distribution Project
7/21/23
Birtcher Development has begun construction on Birtcher Logistics Center Rialto, a 492.4k sf, high-cube logistics facility in the Inland Empire city of Rialto. The project is expected to be ready for occupancy in first quarte...
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• MDH Partners Spends $112 Mil on Inland Empire Industrial Building
7/18/23
MDH Partners has purchased a 333.6k sf industrial building in Perris for $112.25 mil, or $337/sf, in a deal we’re told sets a record for the Inland Empire East market as measured by price per square foot for a warehouse distr...
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• Private Investor Spends Just Over $7 Mil for Corona Car Wash
7/17/23
Merit Auto Spa, a full-service car wash center in Corona, sold in a $7.157 mil transaction that included both the business and the real estate. The recently renovated car wash, located at 465 N. McKinley St, is an outparcel t...
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• Inland Empire's Industrial Market Shifts as Sublease Space Rises and Sales Volume Declines
7/10/23
This report provided by real estate services firm NAI Capital Commercial
MARKET OVERVIEW
The Inland Empire's industrial market is undergoing a shift as it moves away from the previously high demand for warehouse and distrib...
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• Two Single-Tenant Retail Investments in Imperial Valley Sell for Almost $6 Mil
7/06/23
Two new construction single-tenant net-leased retail investments were acquired in separate deals with two different buyers as part of a break-up sale strategy at a new retail development in Southern California’s Imperial Vall...
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• Inland Empire Biz Park Sells for $19.5 mil
7/05/23
Intersection Equities LLC purchased Riverside Business Park, a 120.3k sf, multi-tenant business park in Jurupa Valley, for $19.5 mil, or $162/sf. The fully occupied property, situated on 8.9 acres of land at 2902-2976 Rubidou...
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• Riverside Shopping Center Lands $37 Mil in Financing
6/15/23
Regional Properties has obtained $37 mil in financing for Mission Grove Plaza, a 248.1k sf shopping center in Riverside. The property is located at 121 – 383 East Alessandro Blvd, east of I-215 at Trautwein Rd.
The 16-build...
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• CapRock Partners Picks Up 22-Acre Site in Moreno Valley for 500k sf Warehouse Development
6/13/23
CapRock Partners acquired a 22.1-acre parcel within the World Logistics Center masterplan in Moreno Valley for the development of CapRock Global Logistics, a new 500k sf, LEED-certified industrial warehouse. CapRock purchased...
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• Starbucks-Anchored Retail Pad in Riverside Trades for $699/sf
6/13/23
A recently constructed, four-tenant net-leased investment anchored by a Starbucks Drive-Thru in Riverside traded for $4.89 mil. Built in 2020, the 7k sf ($699/sf) pad building sits on 1.14 acres at 22420 Van Buren Blvd.
The ...
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• CapRock Partners Wraps Up Work on Two Inland Empire Industrial Projects
6/06/23
CapRock Partners has completed work on Palomino Ranch Business Park Phase I and Saddle Ranch South, two new LEED Silver-certified industrial building complexes strategically located in Norco. The developments bring new effici...
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• Rancho Cucamonga Office Building Trades in $22 Mil Transaction
6/01/23
A 127k sf office building in Rancho Cucamonga traded hands in a $22.25 mil ($175/sf) transaction. The property is located at 11000 Eucalyptus St, on Foothill Blvd across from two busy regional shopping centers.
The two-story...
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• The Landmark Company Acquires Just Under Five Acres in Upland for Development
5/31/23
The Landmark Company purchased 4.84 acres of land at 1400 E. Arrow Hwy in Upland for $6.5 mil in an all-cash transaction. The company plans to build a single-family residential development on the land, in partnership with Ce...
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• Corona Quick Quack Car Wash Ground Lease Deal Closes at 4.4% Cap Rate
5/18/23
A SoCal private investor spent $4.46 mil on a Corona ground lease property occupied by a 3.6k sf Quick Quack Car Wash. Built in 2022 and situated on just under one-acre, the property is located at 850 N. Main St. The property...
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• Meet the Inland Empire Experts from RENTV's State of the Market Conference
5/17/23
Below are photos of the experts who spoke at RENTV's recent Inland Empire State of the Market Conference, held on May 9 in Ontario.
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• Archway Equities Closes $150 Mil Multifamily Buy in the Inland Empire
5/17/23
Archway Equities has acquired The Paseos at Montclair North, a 385-unit multifamily community in the Inland Empire city of Montclair, for $150 mil ($389.6k/unit). We’re told this is the largest multifamily transaction in Sout...
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• Neighborhood Center in Temecula Trades for $28 Mil
5/17/23
Meadows Village Center, a 67.3k sf neighborhood grocery-anchored center in Temecula, was acquired by Newport Beach-based RA Centers for $27.7 mil. Tenants at the center, Barons Market and CVS Pharmacy, were not a part of the ...
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• Private Investor Spends $15 Mil on Two SoCal Chick-fil-A Ground Lease Properties
5/17/23
A SoCal-based private investor purchased two Chick-fil-A ground lease assets for $15 mil. The assets are located in the Southern California cities of Palm Desert and Mission Viejo. The blended closing cap rate was 3.83%, mark...
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