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February 5, 2023
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INLAND EMPIRE NEWS
Archive
1  | 2  | 3  | 4  |  5  | 6  | 7  | 8  | 9  | 10  ...  80
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• Cold Storage Facility in Colton Gets New Owner After $7.5 Mil Sale
12/17/21
A 45k sf cold storage manufacturing facility in Colton sold for $7.5 mil ($167/sf). Built in 1984, the structure sits on 4.28 acres at 1750 N 8th St. The property features a food processing plant including cold storage. It a...
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• Duke Realty Locks Up Long-Term Tenant for 1.2 msf Spec Logistics Facility
12/16/21
Lecangs LLC signed a long-term lease for a 1.2 msf, spec logistics development on 55.2 acres in the Inland Empire East submarket, one of the nation’s top industrial markets. The project is scheduled for completion by the end ...
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• Stos Partners BuysVacant 139k sf Industrial Building in Jurupa Valley
12/16/21
Stos Partners paid $19.8 mil for a vacant 139k sf ($142/sf) industrial building located at 10220 San Sevaine Way in Jurupa Valley. Built in 1986 and situated on 8.24 acres, the asset includes approximately 7k sf of office s...
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• Grocery Outlet Takes 21k sf Space at La Quinta Retail Center
12/07/21
Grocery Outlet inked a 10-year lease of a 21k sf space at La Quinta Village Shopping Center, located at Washington St and Calle Tampico in the city of La Quinta. The lease value was not disclosed. La Quinta Village Shopping ...
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• Single-Tenant Walgreens in Lake Elsinore Sells for $10.5 Mil
12/03/21
In a recent single-tenant investment buy in Lake Elsinore, a 13.7k sf, net-leased building occupied by Walgreens sold for $10.5 mil, or $766/sf. Built in 2011, the building is situated on 1.36 acres at 160 Diamond Dr, at the ...
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• Corona Lifestyle Center Gets New Owner in $47 Mil Transaction
12/03/21
The Shops at Dos Lagos, a 351.2k sf lifestyle shopping center in Corona, was acquired by Barret Woods & OERP LLC in a recent $47.375 mil ($135/sf) transaction. Built in 2006, the property is located at 2780 Cabot Dr, within t...
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• Temecula Golf Club Trades in $4.65 Mil Deal
12/02/21
Cross Creek Golf Club, an Arthur Hill designed, 18-hole Cross Creek Golf Club in Temecula, was purchased by a Temecula-based private investor for $4.65 mil. The property, located at 43860 Glen Meadows Rd, was sold by ANB Ente...
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• Pair of SoCal Industrial Leases Total Over 600k sf of Space
11/23/21
We’ve learned of two major SoCal industrial leasing transactions, totaling over 600k sf, which we’ll mention here. In one, DNA Motor signed a lease for the entire 350k sf building at 20301 E. Walnut Drive North in City of In...
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• Tricon Residential Inc, Foremost Pacific Group and Woodbridge Pacific Group Companies Start Work on Wildomar Res Community
11/22/21
Tricon Residential Inc, Foremost Pacific Group and Woodbridge Pacific Group Companies broke ground on Bacara, a 170-unit, modern Spanish townhome single-family rental community in Wildomar. The new, family-friendly townhome c...
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• Richmond American Homes Buys Final 261 Single-Family Lots within Menifee Master-Planned Community
11/17/21
Richmond American Homes has purchased the final 261 single-family lots within the Braverde master-planned community in Menifee. The finished lots were sold by IHP Capital Partners. The transaction is the homebuilder’s second...
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• Avanath Capital Management Picks Up Corona Senior Multifamily Community in $65 Mil Deal
11/17/21
In a multifamily buy from about a month or so ago, Avanath Capital Management LLC has acquired River Run Senior, a 360-unit senior affordable housing community in Corona. The transaction had a price tag of around $65 mil ($18...
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• LuxView Properties Secures $93 Mil for Redlands Residential Development
11/11/21
LuxView Properties has obtained $93 mil in preferred equity and construction financing for the development of Venue at Orange, a 328-unit, wood-frame, garden-style multi-housing community in Redlands. The financing was arrang...
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• Investors Trade Hemet Retail Asset for $9.5 Mil
11/10/21
Shops at KPC Towne Centre, a three-building, 20.2k sf retail property in Hemet, was acquired by a Los Angeles-based private investor for $9.55 mil ($473/sf). The fully occupied center sits on two acres at 2375 – 2465 W. Flori...
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• Advanced Real Estate Closes $80 Mil Res Buy in the Inland Empire
11/10/21
Advanced Real Estate paid just over $80 mil for a 212-unit ($377.4k/unit) multifamily property near Downtown Riverside. The apartment building, called Mission Lofts, was completed in 2019 by the Realm Group, of Newport Beach....
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• Inland Empire Raising Cane’s Trades for $2,000/sf
11/04/21
A San Diego-based high net worth investor based investor purchased a 4.1k sf, Raising Cane’s Chicken Fingers-occupied property in San Bernardino for $8.2 mil in an all-cash deal. We’re told that the sale, which works out to $...
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• MG Properties Group Closes $156 Mil Multifamily Buy in the Inland Empire
11/02/21
MG Properties Group purchased Artesa at Menifee Town Center, a new 330-unit, Class A apartment community in the Inland Empire city of Menifee. The deal, said to be the fourth largest apartment sale ever in the Inland Empire,...
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• Inland Empire Industrial Demand is Spiking
11/01/21
This Inland Empire Q3 2021 Industrial Market Outlook report was provided by real estate services firm NAI Capital. MARKET OVERVIEW The industrial market in the Inland Empire is going through the roof as a supply chain crisi...
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• Ontario Starbucks Trades for almost $2,000/sf
10/29/21
A 2.4k sf, single-tenant retail property occupied by Starbucks in Ontario was acquired by Truman Johnson Inc in a $4.7 mil ($1,958/sf) deal. The property, located at 511 N Euclid Ave, was sold by a CA-based private investor. ...
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• ARCO and AM/PM Property in Apple Valley Sells for $5.6 Mil
10/27/21
A free-standing ARCO Gas Station and AM/PM Convenience Store in Apple Valley traded hands for $5.65 mil. Built in 1998, the property is located at 15333 Rancherias Rd, at the signalized intersection of Rancherias Rd and US Hw...
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• Inland Empire Mobile Home Community Trades for $7.85 Mil
10/26/21
A 40-unit mobile home community in the Inland Empire was purchased by a local 1031- exchange buyer for $7.85 mil in cash. The purchase consists of 40 individual mobiles homes, located within the Spring Knolls, Warm Spring Kno...
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