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• McDonald Property Group to Build 1.8 msf Inland Empire Distribution Facility for United Legwear & Apparel Company
7/13/22
McDonald Property Group will soon start work on a 1.8 msf, single-story 40’ clear distribution center strategically located in the Inland Empire city of Beaumont. The build-to-suit project is designed to meet the growing dema...
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• Inland Empire Last Mile Facility Trades in $102 Mil Transaction
7/07/22
In a recent Inland Empire industrial investment sale, A 344.4k sf, LEED Silver-certified last-mile, robotics distribution facility traded for $102 mil, or $296/sf. The NNN-leased facility sits on 17.34 acres at 18025 Slover A...
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• New Single-Tenant Starbucks Property in Mojave Goes for Over $1,500/sf
7/06/22
A 3k sf, new construction, single-tenant Starbucks Drive-Thru with a café in Mojave sold for $4.56 mil ($1,520/sf). The property is located on 0.86 acres at 15652 Sierra Hwy along Highway 14, just past the Highway 58 intercha...
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• Dedeaux Properties Acquires Four Acres in Perris for Industrial Development
6/30/22
Dedeaux Properties LLC purchased two land parcels totaling 4.08 acres located at 945 and 995 W. Markham St in Perris for $5.96 mil. The land is planned for the development of an industrial facility.
Dedeaux Properties and it...
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• Clear Capital Closes $82 Mil Multifamily Buy in the Inland Empire
6/23/22
Clear Capital purchased Foothill Ridge, a 232-unit apartment asset in Upland, for $82 mil, or $353.4k/unit. The property was sold by Virtu Investments.
Foothill Ridge Apartments is a garden-style apartment complex made up of...
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• Real Estate Development Associates LLC and Clarion Partners-Led Fund Land $210 Mil in Construction Money for Ontario Industrial Development
6/22/22
A joint venture between Newport Beach-based Real Estate Development Associates LLC and an industrial fund managed by Clarion Partners LLC has obtained $210 mil in construction financing for the development of the first phase ...
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• Interwest Capital Group Spends $45 Mil on 142-Unit Inland Empire Res Community
6/13/22
San Diego-based Interwest Capital Group paid $45.6 mil for ReNew Mills, a 1980’s built 142-unit multifamily community in Ontario. Located at 551 East Riverside Dr, adjacent to the Ontario Ranch master-planned community, the p...
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• Moreno Valley Retail Asset Generates $21 Mil Sale
6/10/22
Moreno Beach Plaza II, an 82.3k sf retail center in Moreno Valley, traded hands in a recent $21 mil ($255/sf) deal. The property, located at 27610 Eucalyptus Ave, consists of three single-tenant parcels, a multi-tenant pad bu...
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• Mammoth Lakes Retail Property Gets New Owner in $8.9 Mil Deal
6/09/22
Mammoth Main Street Promenade, a 42.8k sf shopping center located in the heart of Mammoth Lakes, CA, was purchased for $8.85 mil ($207/sf) by an OC-based 1031 exchange investor.
Built in 1988, Mammoth Main Street Promenade i...
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• Inland Empire Cardenas Market Trades at 4.74% Cap Rate
6/07/22
A 43.4k sf, single-tenant net-leased investment occupied by Cardenas Markets in San Bernardino sold for $8.23 mil ($190/sf). The building, located within the fully leased Sterling Plaza shopping center in San Bernardino, trad...
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• Ontario Res Community Trades for $434k/Unit
5/20/22
Charlmont Village Townhomes, a 55-unit property in Ontario, was acquired by a private investment group from Beverly Hills for $23.9 mil, or $434.5k/unit. The property was nearly 100% occupied at time of sale.
Built in 1984,...
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• Red Mountain Group Closes $42 Mil Retail Buy in the Inland Empire
5/17/22
In a SoCal retail buy, Red Mountain Group purchased Country Fair Shopping Center, a 168.3k sf, multi-tenant neighborhood shopping center in Chino, for $42.25 mil, or $251/sf. The property was sold by a publicly traded real es...
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• Nova Storage Buys 55k sf Inland Empire Facility
5/17/22
Nova Storage has boosted its portfolio with the recent purchase of Ballpark Self Storage, a 55.5k sf storage facility located in Adelanto, a city roughly 40 miles north of San Bernardino in the Inland Empire. Nova is a region...
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• Dunleer Spends $2.3 Mil on Development Land in the Inland Empire
5/16/22
In Inland Empire development news, Dunleer has acquired a 4.6-acre land parcel located at the southeast corner of Cajon Blvd and June St in San Bernardino. Dunleer paid $2.275 mil for the site and plans to entitle it for a co...
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• Rexford Industrial Realty Closes on Six SoCal Acquisitions Totaling $152 Mil
5/12/22
Rexford Industrial Realty Inc recently wrapped up acquisitions of six industrial properties for an aggregate purchase price of $152.7 mil. The purchases, all off-market, were funded using a combination of cash on hand and the...
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• Inland Empire Strip Center Gets New Owner in Private Investor Exchange Deal
5/05/22
In a retail sales comp from the Inland Empire, Golden Sands Plaza, a 10.1k sf property in San Bernardino, sold for $1.1 mil, or $109/sf. The property, located at 1090 W Highland Ave, is considered a value-add opportunity.
Bu...
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• Duke Realty Leases Two SoCal Facilities in Deals Totaling 321k sf
5/04/22
Duke Realty Corporation recently inked leases totaling 321.2k sf for two of its Inland Empire distribution facilities. In one of the deals, Universal Shipping Inc, a RAK Logistics company, pre-leased a 148.1k sf spec facility...
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• Tower Investments Pays $124.5 Mil for Nut Tree Retail Center in Vacaville
4/25/22
Nut Tree, a 370.1k sf Best Buy, T.J. Maxx, Nordstrom Rack-anchored regional center located in Vacaville, was acquired by NoCal-based Tower Investments for $124.5 mil, or $336/sf.
Located at 1621 E. Monte Vista Ave, Nut Tre...
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• Inland Empire Retail Property Goes to L.A. Buyer after $10 Mil Trade
4/19/22
World Plaza, a 55.8k sf, multi-tenant retail property in San Bernardino, was acquired by an L.A.-based private investor for $10 mil, or $179/sf. The seller was Presidio Property Trust Inc, an internally managed, diversified r...
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• Inland Empire Distribution Facility Purchased for $92 Mil
4/19/22
Val Verde Logistics Center, a recently completed 289.4k sf spec distribution building in Riverside County was acquired by an unnamed investor in a $92 mil ($318/sf) transaction. The facility, completed in October 2021, is ful...
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