| Local Buyer Spends $26 Mil on Inland Empire Retail Center
Tarski Group LLC has purchased Heritage Plaza, a 119k sf shopping center in Riverside, for $26.25 mil ($220/sf). The property is located at 5130-5290 Arlington Ave, east of I-15 and north of the 91 Fwy.
Heritage Plaza is anc...
| Construction Underway on 1.3 msf Phase I of Colony Commerce Center in Ontario
Ivanhoe Cambridge and CapRock Partners have started work on Phase I of Colony Commerce Center in Ontario. Located at the northeast corner of Carpenter and Remington Avenues, Colony Commerce Center Phase I will comprise 1.3 ms...
| Inland Empire Neighborhood Center Refinanced with $24.3 Mil Loan
Euclid Plaza LLC has obtained a $24.3 mil loan for the refinance of Stater Bros Plaza, a 73.6k sf neighborhood retail center in Chino. Built in 2008, Stater Bros. Plaza is situated on 6.86 acres at 6989 Schaefer Ave. The cent...
| Inland Empire Tutor Time Property Sells for $438/sf
A Los Angeles-based private investor paid $4.6 mil for a 10.5k sf ($438/sf), single-tenant Tutor Time Learning Center in Fontana. The property, located at 14273 Baseline Ave, was sold by a San Diego County-based private inves...
| Ferguson Enterprises Inc and 4F Capital LLC Buy Newly Constructed Distribution Facilities Totaling over 1 msf in the Inland Empire
Rockefeller Group has completed construction of two projects totaling nearly 2 msf of industrial space in the Inland Empire. Upon completion, the company sold two buildings totaling 1.1 msf, out of four, to Ferguson Enterpri...
| Draftsmen & Craftsmen
Construction has been completed on California State University, San Bernardino’s (CSUSB) new $78 mil, 152.6k sf student housing and dining commons. Located at 5500 University Pkwy, the 407-bed student housing complex and 750-...
| MCA Realty Spends $26.5 Mil on Two Inland Empire Assets
MCA Realty recently expanded its portfolio in the Inland Empire with the acquisition of two assets, a retail property in Moreno Valley and an industrial asset in Temecula, California. The two properties traded for a combined ...
| Duke Realty to Construct a 340k sf Build-to-Suit Facility in Moreno Valley
Duke Realty is constructing a new, 340k sf, build-to-suit logistics facility at the intersection of Nandina Ave and Perris Blvd in Moreno Valley. Duke Realty acquired and received full entitlement on the 14.42-acre parcel ear...
| Newly Constructed Inland Empire Retail Center Trades for $1,000/sf
Spruce Plaza, a newly-constructed, 15.6k sf Class A retail center in Rancho Cucamonga, was purchased by a family trust from the Bay Area for $15.625 mil, or $1,000/sf. The asset consists of two parcels at 10877-10895 East Foo...
| Invesco Real Estate Completes 500k sf Inland Empire Industrial Buy
Invesco Real Estate purchased Meridian Distribution Center II, a 509.6k sf industrial facility in Riverside. The property was sold by Sun Life Assurance Company of Canada through its advisor Bentall Kennedy. The price was not...
| Owner/User Buys Newly Built Industrial Facility in San Bernardino
A newly developed, 154.5k sf industrial warehouse building in San Bernardino has sold for $18.23 mil ($118/sf). The building, located at 2705 Lexington Ave, north of the 210 Fwy and just west of I-215, was purchased by a glob...
| San Bernardino Neighborhood Center Trades in $20 Mil Deal
Seley Plaza, a 159.3k sf neighborhood shopping center in San Bernardino, traded hands in a $20.03 mil transaction. The property, located just south of the 210 Fwy at 2002-2383 E. Highland Ave, was purchased by Newman Internat...
| Dorel Home Furnishings Renews Lease for 750k sf Facility in Ontario
Dorel Home Furnishings, out of Canada, has agreed to a $33 mil renewal lease of a 750k sf industrial warehouse facility within the five-building Shea Center Ontario business park in Ontario. The lease term was not disclosed.
| Burlington Coat Factory Slated to Open at Renovated Upland Village Center
Wood Investments Companies has completed construction of a 40k sf Burlington Coat Factory in the newly revived Upland Village Center in the Inland Empire city of Upland. Located at the northeast corner of Foothill Blvd and Eu...
| Two SoCal Multifamily Sales Generate $10.8 Mil
Two SoCal multifamily properties were purchased by different private buyers in separate deals totaling $10.8 mil. CBRE’s Dan Blackwell represented the seller, a family partnership, in both transactions.
In one of the deals,...
| Prism Multifamily Group Finances Palm Springs Apartment Buy with $10.8 Mil Fannie Mae Loan
Prism Multifamily Group recently acquired Latitude 33, a 121-unit, Class A multifamily property in downtown Palm Springs. Latitude 33 holds significance for Palm Springs, which is home to only nine market-rate apartment commu...
| The Associates Equity Fund Picks Up 165k sf Industrial Portfolio in West Corona
The Associates Equity Fund (AEF) has acquired a four-building, 165k sf industrial portfolio in West Corona for $14.3 mil ($87/sf). The acquired properties include a 25k sf, multi-tenant industrial building along with two free...
| Victorville Office Property Sells for Over $5 Mil
A 33.5k sf office building in Victorville sold for $5.15 mil, or $154/sf, at a cap rate of 7.8%. The property, Civic Center Professional Building, is located at 15400 Civic Dr. The property was 80% leased to County of San Ber...
| Firms Ink Leases for Over 700k sf at New Distribution Development in Chino
Casual footwear maker OluKai was among four companies to sign leases recently for more than 70% of the 1 msf Kimball Business Park, a collection of eight distribution buildings underway in Chino. The project is a development ...
| Recent Lease Signings Account for 70% of Chino Distribution Project
Casual footwear maker OluKai was among four companies to sign leases recently for more than 70 percent of the 1 msf Kimball Business Park, a collection of eight distribution buildings underway in Chino. The project is a devel...