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September 22, 2020
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• 64k sf Riverside Office Building Sells
A 63.8k sf, Class A office building in Riverside traded hands in a recent transaction. The building, located at 2300 Market St, was acquired by and L.A.-based private investor and was sold by Dornin Investment Group. The bui...
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• Moreno Valley Multifamily Property Goes for $138k/Unit
Bevia Apartments, a 48-unit multifamily property in Moreno Valley, was purchased by a local buyer for $6.65 mil, or $138.5k/unit. Located 13260 Heacock St, Bevia Apartments is a two-story, garden-style apartment community ori...
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• Rockefeller Group Picks Up 7.8 Acres of Development Land in Otay Mesa
Rockefeller Group has purchased a 7.81-acre improved land parcel in Otay Mesa on which the company intends to develop a 138.5k sf distribution center to be called Airway Industrial Park. The site is zoned for industrial use a...
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• Temecula Biz Campus Traded in $11 Mil Deal
A Los Angeles-based private investor acquired Temecula Corporate Park, an 86.9k sf, multi-tenant office and industrial park in Temecula, in a recent $10.9 mil transaction. The property is located at 43379, 43385, 43391 and 43...
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• Commercial Building in San Bernardino Acquired by Credit Union for New HQ Location
Thinkwise CU paid $2.25 mil for a vacant, 18.3k sf ($123/sf) commercial building located at 599 North E Street in the heart of San Bernardino’s downtown civic center area. The property will be used as the headquarters and pri...
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• Renaissance Marketplace Adds 500k sf Destination Retail Center in Rialto
Renaissance Marketplace, a new, 500k sf retail center in Rialto, was completed last year by Lewis Retail Centers. It is located at 1309 West Renaissance Pkwy, west of Ayala Dr and adjacent to the south side of the 210 Fwy. T...
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• Transwestern Development Co Starts Work on 225k f Spec Warehouse in the Inland Empire
Transwestern Development Co has broken ground on I-215 Commerce Center, a 225.2k sf speculative warehouse at the corner of East Cooley Dr and Ashley Way in Colton. Situated near the junction of Interstates 215 and 10, the ind...
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• Bridge Development Partners Completed Over $450 Mil in Acquisitions During 2019
Bridge Development Partners LLC has delivered nearly 1 msf of Class A industrial product and acquired more than 4.5 msf of future development across California in 2019. Across California in 2019, Bridge completed eight acquis...
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• Newly Constructed Sprouts Market in the Inland Empire Sells for Over $10 Mil
A newly constructed, single-tenant Sprouts Farmers Market at the Highland Village Shopping Center in Fontana sold for $10.4 mil. The transaction had a 5.19% cap rate, what we’re told is a record-low cap rate and a record-high...
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• Cardinal Health’s 1 msf State-of-the-Art Inland Empire Distribution Center Trades Hands
A 1 msf warehouse and distribution facility at 6275 Lance Dr in Riverside was purchased by an unnamed institutional buyer. The asset, located within the 920-acre Sycamore Canyon Business Park, was sold by Dedeaux Properties,...
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• Four Newly Constructed Industrial Buildings in Lake Elsinore Sell for $8 Mil
Adler Realty Investments Inc and Fairway Commercial Partners Inc recently sold four buildings in phase two of Fairway Business Park in the city of Lake Elsinore. The buildings were sold to four separate owner-users in separat...
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• CBRE Global Investors Fund Buys Industrial Asset in the Inland Empire
A fully leased, 143.3k sf distribution facility in San Bernardino was acquired a fund sponsored by CBRE Global Investors. The last-mile building, located at 945 South Sunnyside Ave, is leased to FedEx. The facility, known as...
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• Poincare Group LLC Spends $26 Mil on 118k sf of Temecula Retail Assets
In Temecula, Poincare Group LLC purchased Bel Villaggio I-II and Bel Villaggio III, adjacent retail centers leased to a complementary mix of internet resistant tenants. The assets, which traded for $26.1 mil, total 117.8k sf ...
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• Riverside Residential Building Goes for $153k/Unit
A 15-unit apartment complex in Riverside sold for $2.3 mil, or $153.3k/unit). The property, known as Kansas Apartments, is located 3332 Kansas Ave and totals 14.1k sf. The building features 15 units that are fully leased wi...
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• Exchange Investors Pick Up Multiple Buildings at Inland Empire Retail Center in Deals Totaling $33 Mil
Four different buyers have acquired five new-construction retail buildings totaling 57k sf at Eastvale Marketplace, a grocery-anchored shopping center in the Inland Empire city of Eastvale. The sales added up to a combined pr...
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• Temecula Mixed-Use Property Gets New Owner in $8.8 Mil Deal
Front Street Plaza, a mixed-use residential and commercial property Temecula, was purchased for $8.8 mil by a private investor. Located at 28693 Old Town Front St, Front Street Plaza sits in the heart of the city. The prope...
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• La-Z-Boy Manufacturing Facility in the Inland Empire Sells for $11.5 Mil
A 193.5k sf La-Z-Boy manufacturing facility in Redlands has sold for $11.5 mil, or $59/sf. The property, located at 301 Tennessee St, was acquired by ACC BLD LLC, an entity of ESRI. The company is an international supplier of...
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• Draftsmen & Craftsmen
RevOZ Capital (RevOZ) has broken ground on an 11.3k sf, build-to-suit office project in San Bernardino. Previously a residential one-story triplex, the single-story facility will house San Bernardino County's Children's Depar...
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• Birtcher Development Acquires 20 Acres in the Inland Empire for Industrial Development
Birtcher Development LLC has acquired a 20-acre land parcel fully entitled for the development of a spec 406.7k sf regional fulfillment and distribution center. Birtcher purchased the asset from 6th Street LLC for $17.6 mil. ...
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• Cali Wine & Vine Leases 48k sf of Space in Temecula
Cali Wine & Vine signed a seven-year lease for 47.8k sf of space in Temecula. The company will use the space, located at 43085 Business Park Dr, as its headquarters, wine-making, bottling, labeling, storage, and distribution ...
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