| Rexford Industrial Realty Spends $18 Mil on Inland Empire Development Property
Rexford Industrial Realty Inc has purchased a 15.47-acre, fully entitled development site in the Inland Empire for $18.2 mil. The acquisition was funded using cash on hand.
The site is located in Eastvale, five miles from th...
| West Coast Steel & Processing Buys 68k sf Inland Empire Facility
West Coast Steel & Processing U.S.A. (dba SteelCo USA) has acquired a 68.2k sf manufacturing facility in Chino for $10.7 mil ($157/sf). West Coast Steel divisions include SteelCo USA, Great Pacific Elbow, Mission Metals, and...
| Barker Pacific Group Buys Inland Empire Self-Storage Portfolio
Barker Pacific Group has acquired a three-property self-storage portfolio in the Inland Empire. The properties were sold by Aim All Storage.
The Aim All Storage portfolio includes properties located at 11215 Indiana Ave in R...
| Investors Trade 27 Res Units in Palm Springs for $2.26 Mil
Two multifamily communities containing a combined 27 units in Palm Springs were purchased by a private investor for $2.26 mil ($83.7k/unit).
The properties, located at 2000 E. Sahara Rd and 2003 Desert Park, sit in one of t...
| Investor Pays $187/sf for Industrial Property in Chino
CMI Holdings LLC paid $4.35 mil for a 23.3k sf ($187/sf) industrial building in Chino. The facility sits on 1.84 acres at 15142 Vista Del Rio Ave, south of the 60 Fwy and just east of the 71 Fwy. It features approximately 6.3...
| Stos Partners Spends $7 Mil on Temecula Industrial Facility
Stos Partners has purchased a 64.7k sf industrial property in Temecula for $7.1 mil, or $110/sf. The property was sold by Calavo Growers, an international farm products company known for its distribution of avocados.
| Work Completed on 466k sf Expansion of Newell Brands Facility in Victorville
Stirling Capital Investments has completed construction of a 466.3k sf building expansion for Newell Brands at Southern California Logistics Airport (SCLA). The expansion space was completed ahead of schedule, and is Newell’s...
| Colton Apartment Community Trades for $63 Mil
San Diego-based Tower 16 Capital Partners has acquired The District at Grand Terrace, a 352-unit multifamily project in Colton, for $63.05 mil ($179k/unit). The project was acquired on an off-market basis from FPA Multifamil...
| New Construction 7-Eleven in the Inland Empire Sells for $784/sf
A brand-new, 3k sf single-tenant 7-Eleven convenience store and gas station in Fontana sold for $2.353 mil, or $784/sf. The property traded at a 4.25% cap rate, what we’re told is a record-low cap rate for a 7-Eleven in San B...
| Corona Retail Property Changes Hands in $11 Mil Deal
Orange County-based PRES Companies paid $11 mil for Corona Freeway Center, a 67.7k sf ($162/sf) retail property in Corona, in an all-cash deal. The well-established multi-tenant center is located at 2410 Wardlow Rd, directly ...
| Class B Office Building in Riverside Sells for $238/sf
A private investor paid $4.975 mil for a 20.9k sf ($238/sf), Class B office building in Riverside. The single-story multi-tenant office building sits on just over two acres at 1201 Research Park Dr.
The property features a ...
| Retail Building in Apple Valley Goes for $169/sf
A 15.1k sf, multi-tenant shop building at Rancherias Plaza in Apple Valley has sold for $2.55 mil, or $169/sf. The property is located at 20162 Highway 18, in the fast-growing High Desert region of SoCal’s Inland Empire.
| Meet the Leading Inland Empire CRE Experts Who Spoke at RENTV's State of the Market Conference
At RENTV’s annual Inland Empire State of the Market Conference just held on April 25 at the Embassy Suites by Hilton Ontario Airport hotel in Ontario, some of the region’s top commercial real estate pros shared their insight ...
| Investors Buy 25k sf of Pad Buildings at Rialto Marketplace
There were two, separate multi-tenant pad sales totaling 25.6k sf at Rialto Marketplace, a 239.5k sf Super Walmart-anchored shopping center located at 1276 S Riverside Ave in the Inland Empire city of Rialto. The assets were ...
| Investor Pays $163k/Unit for Riverside Multifamily Property
An Inland Empire-based private investor has purchased Las Casitas Apartments, a 71-unit multifamily community in Riverside, for $11.55 mil ($163k/unit). The property is located at 4982 Jurupa Ave, at the corner with Correll S...
| Rockefeller Group Picks Up 8.8 Acres in Moreno Valley for Distribution Development
Rockefeller Group has acquired 8.78 acres of industrial land in Moreno Valley. The company will begin construction of a 203k sf distribution center this fall with completion expected in summer 2020. The firm acquired the pro...
| Fontana Industrial Facility Trades for $213 Mil
Sierra Pacific Center, a two-building, 1.5 msf, Class A+ industrial facility in Fontana, has just traded hands in a transaction priced at $213.5 mil, or $142/sf. The buyer was an institutional life insurance company. We’re to...
| Inland Empire Distribution Facility Trades for $97 Mil
Exeter Property Group acquired an 806.3k sf, Class A distribution building in San Bernardino for $97.75 mil, or $121/sf. The facility, situated on 41 acres at 6227 Cajon Blvd, is fully leased to Bob’s Discount Furniture.
| Palm Desert Warehouse Property Sells for $110/sf
A 32.3k sf warehouse property in Palm Desert sold for $3.6 mil, or $110/sf. The property is located at 77550 Enfield Lane in the Country Club Business Park, west of Washington St off Country Club Dr.
The two-story building ...
| Bridge Development Partners Buys Ontario Property for Industrial Redevelopment Project
Bridge Development Partners LLC has acquired the former Scandia Fun Center property in Ontario. Following demolition, Bridge plans to construct two speculative industrial buildings, totaling 268.7k sf on the 11.9-acre site. T...