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March 29, 2024
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INLAND EMPIRE NEWS
Archive
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• Orbis Real Estate Partners and Chase Partners Acquire 53-Acre Inland Empire Dev Site
8/22/16
A 53-acre, fully entitled industrial development site in the Inland Empire city of Eastvale was acquired by Orbis Real Estate Partners and Chase Partners. The property, called The Campus, was sold by Preeminent Investment Cor...
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• 300-Unit Temecula Res Community Trades Hands
8/19/16
In a recent OC res buy, MIG Real Estate purchased Cape May at Harveston, a 300-unit garden-style apartment community in Temecula. The property is situated near upscale shopping and dining, central to area high-tech and biotec...
more » 

• Craft Brewery-Based Retail Project Slated for City of Lake Elsinore
8/16/16
International award-winning KTGY Architecture + Planning announced today that it has been selected by OC-based Civic Partners has selected KTGY Architecture + Planning as the designer of Artisan Alley at The Diamond, a uniqu...
more » 

• Duke Realty Corp Starts Work on a 400k sf Spec Warehouse in Moreno Valley
8/15/16
Duke Realty Corporation has begun construction of a 400.9k sf, bulk warehouse in Moreno Valley. The project, located at 15810 Heacock St, is situated just off the I-215 South Corridor in the Inland Empire East. It is being de...
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• Draftsmen & Craftsmen
8/11/16
Work has been completed on Crafton Center, a new two-story, 46.5k sf student services facility at the San Bernardino Community College District’s Crafton Hills College in Yucaipa. The project was built by LA-based Bernards o...
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• Bixby Land Company Picks Up 100k sf Inland Empire Industrial Asset
8/05/16
Bixby Land Company recently purchased a 104k sf, warehouse and distribution building in San Bernardino in a deal valued at $10.2 mil, or $98/sf. The property is located at 19949 Kendall Dr, adjacent to the west side of I-215 ...
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• Universe Holdings Acquires Full Ownership of 300-Unit San Bernardino Res Complex
8/05/16
Universe Holdings has acquired controlling interest and full ownership of the Acacia Park apartment community in San Bernardino from its special service partner following a strategic recapitalization. The asset, today valued ...
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• The Bascom Group Buys 152-Unit Inland Empire Res Asset
8/02/16
The Bascom Group LLC has acquired Del Flora Apartments, a 152-unit, garden-style apartment community in the Inland Empire city of Redlands. The property, located at 30598 Independence Ave, north of I-10 at the intersection of...
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• Starbucks-Anchored Pad Building in Chino Sells at Low 4.37% Cap Rate
7/19/16
A Starbucks-anchored, multi-tenant pad building located at the Stater Bros Plaza in Chino sold for $3.15 mil. We’re told the sale of the 3.9k sf building represents an all-time record low cap rate of 4.37% and record high pri...
more » 

• Shopoff Realty Investments Picks Up 22-Acre Site in La Quinta
7/15/16
Shopoff Realty Investments has acquired a 22-acre vacant site in La Quinta for $7.25 mil ($7.50/sf). Shopoff intends to entitle the property for a mixed-use development with both commercial and residential components. The pr...
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• Shadow-Anchored Retail Center in Colton Trades for $200/sf
7/06/16
Centrepointe Plaza, a 109k sf shopping center in Colton, CA, traded hands for $22 mil ($202/sf) in a recent sale. The property is located at 1040 S Mt Vernon Ave, south of I-10 and just west of I-215. Originally constructed ...
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• Trio of Recent Inland Empire Retail Sales Total $10 Mil
6/28/16
We’ve got three retail sales comps from the Inland Empire to report. The deals took place in Yucca Valley, Victorville and Hesperia and total just over $10 mil. The largest of the three transactions was for Yucca Valley Squa...
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• Two Moreno Valley Single-Tenant Properties Trade in Deals Totaling $6.4 Mil
6/24/16
Two single-tenant, free-standing retail properties in Moreno Valley traded hands in recent transactions valued at over $6.4 mil. The sales include a 16.7k sf building occupied by Rite Aid, which sold for $5 mil, as well as a ...
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• Montclair Res Property Sells for $120k/Unit
6/23/16
Wilshire Unlimited paid $8.18 mil for The Evart Street Apartments, a 68-unit ($120k/unit) multifamily property in Montclair. The property was sold by Fiola Communities. Built in 1961, the property had undergone substantial r...
more » 

• Investor Buys Meineke-Anchored Auto Center Property in Rancho Cucamonga
6/22/16
An Ontario, CA-based private investor paid $2 mil for a 17.3k sf ($115/sf), Meineke-anchored multi-tenant auto park in Rancho Cucamonga. The property, located at 9199 Arrow Route, sold at a cap rate of 5.65% which we’re told ...
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• Single-Tenant KinderCare in Victorville Sells at 5.87% Cap Rate
6/13/16
A freestanding, single-tenant property occupied by KinderCare Learning Centers in Victorville traded hands in a recent sale valued at $4.6 mil. The 8.9k sf property sold at cap rate of 5.87 percent – a record low for a full-s...
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• Ontario Res Community Trades in Record $142 Mil Deal
6/03/16
In a transaction we’re told ranks as the largest single-family trade ever in the Inland Empire, San Diego-based MG Properties Group and Rockwood Capital have sold Terracina, a 736-unit, garden-style community in Ontario, to B...
more » 

• The Rockefeller Group Acquires 19 Acres in San Bernardino for Industrial Redevelopment Project
6/03/16
The Rockefeller Group has purchased a 19-acre redevelopment site in San Bernardino that currently contains a single, 225k sf industrial building. The property, located at 1333 South Tippecanoe Ave, will be redeveloped into tw...
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• Target-Anchored Center in the Inland Empire Sells for $8.5 Mil
6/02/16
Seven Trees Shopping Center, a 150.3k sf Target-anchored shopping center in San Bernardino, sold for $8.57 mil, or $57/sf. The buyer was Westland Real Estate Group, out of Long Beach. Seven Trees Shopping Center is located ...
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• Stirling Capital Investments Signs Two Deals for All of New 447k sf Victorville Facility
6/02/16
Stirling Capital Investments’ new 447.7k sf industrial facility currently under construction at Southern California Logistics Centre (SCLC) is now fully leased, after the company has completed lease signings with Arden Compan...
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