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October 22, 2020
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INLAND EMPIRE NEWS
Archive
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• Rio Ranch Leases 45k sf Retail Space in Fontana
11/16/11
Hispanic grocery store chain Rio Ranch Markets has leased a 45k sf retail space at Southridge Plaza Shopping Center in the city of Fontana. The value of the 10-year lease is undisclosed. Built in 1991, Southridge Plaza Shopp...
Price: $4.99
Executive Subscriber Price: Free
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• Marcus & Millichap Capital Corp Arranges Recent Financings in Rialto, CA and Renton, WA
11/14/11
Marcus & Millichap Capital Corporation (MMCC) has arranged a $9 mil refi for a 49.3k sf grocery/drug-anchored retail center with three undeveloped pads in Rialto. Daniel Litman, a vice president capital markets in MMCCís West...
Price: $4.99
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•  Inland Empire Kohlís Sells for Over $15 Mil
11/10/11
A 76.7k sf, single-tenant retail property occupied by Kohlís in Upland sold for $15.43 mil, or about $200/sf. Built in 1978 and renovated in 2009, the property is situated on just under seven acres at 233 S. Mountain Ave, jus...
Price: $4.99
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• Lewis Operating Corp Obtains $34 Mil Refi on Rancho Cucamonga Multifamily Complex
11/07/11
Lewis Operating Corp has obtained $34 mil in refinancing for Carmel Apartments, a 306-unit, Class A multi-housing community in Rancho Cucamonga. The 12-year, 5.01 percent, fixed-rate loan was arranged by HFF and funded by Nor...
Price: $4.99
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• Pair of SoCal Apartment Sales Ring Up to $26 Mil
10/31/11
Kitty Wallace, Executive Vice President in Colliers Internationalís West Los Angeles office, closed two SoCal apartment sales with a combined price of just under $26 mil. The transactions took place in Upland and Brentwood. ...
Price: $4.99
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• New $17 Mil Affordable Housing Project is Completed in Big Bear Lake
10/28/11
The Crossings at Big Bear Lake is a new, $17 mil affordable housing community in Big Bear Lake for families earning between 30 percent and 60 percent of the area median income, just opened to the public. The project was devel...
Price: $4.99
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• Grubb & Ellis Lands Leasing Assignment for Spec Inland Empire Industrial Project
10/24/11
Mark Kegans, SIOR, and Ron Washle, SIOR, with Grubb & Ellis, have been awarded the leasing assignment for a 398k sf spec industrial development being constructed within Chino South Business Park in Chino by The Carson Compani...
Price: $4.99
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•  Inland Empire Self-Storage Property Sells for $5.8 Mil
10/20/11
Private investors paid $5.8 mil for Date Palm Self Storage, a self-storage property in Cathedral City. Located at 69100 Converse Rd, near Hwy 111 and Date Palm Dr, the property will be re-branded as Extra Space Storage. The ...
Price: $4.99
Executive Subscriber Price: Free
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• Chino Industrial Property Sells for Second Time in 2011
10/19/11
In a recent Inland Empire industrial sale, Yama Seiki paid $4.2 mil for a 78k sf ($54/sf) property located at 5740 Schaefer Ave, north of Edison Ave and midway between Central and Mountain Aves in Chino. Yama Seiki is a manuf...
Price: $4.99
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•  Clarion Partners Spends $100 Mil on Trio of CA Apartment Communities
10/18/11
Clarion Partners purchased three CA multifamily properties for a combined price of $100 mil. The properties are located in Rancho Cucamonga, Rancho Santa Margarita and Rohnert Park, and contain a total of 586 units. They were...
Price: $4.99
Executive Subscriber Price: Free
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•  Logistics Company Leases 190k sf Riverside Facility
10/17/11
DCG Fulfillment, a third-party logistics company, leased 190k sf of warehouse/distribution space located at 12430 Riverside Dr in the northwestern Riverside County community of Eastvale. The deal terms were not disclosed. DC...
Price: $4.99
Executive Subscriber Price: Free
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• Davenport Partners Purchases 194k sf Riverside Office Project
10/17/11
Davenport Partners Inc has acquired the Towers at Riverwalk, a two-building, 193.6k sf Class A office complex in Riverside. The property is located at 4204 and 4210 Riverwalk Pkwy, within the master-planned, mixed-use busine...
Price: $4.99
Executive Subscriber Price: Free
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•  Investor Spends $600/sf on Newly Constructed La Quinta Retail Property
10/14/11
A NoCal-based private investor recently closed on a $3.3 mil purchase of a 5.5k sf retail building located at 50991 Washington St in the Inland Empire community of La Quinta, in Riverside County. The property fetched a price ...
Price: $4.99
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•  BlackRidge / CAL Development Partnership Acquires 72k sf Ontario Asset
10/11/11
A strategic private equity partnership between BlackRidge Real Estate Group LLC and CAL Development has acquired a 72.4k sf light industrial property in Ontario. The property, located at 1351 South Doubleday Ave, was acquired...
Price: $4.99
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• Marcus & Millichap Riverside-San Bernardino Metro Area 3Q 2011 Office Market Report
10/07/11
The Inland Empire will continue to post one of the highest office-vacancy rates in the nation through 2011. Weakness can be attributed to elevated completions between 2005 and 2008 and heavy office-using job losses during the...
Price: $4.99
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• Levy Affiliated Purchases 162k sf Inland Empire Retail Asset
10/06/11
In a recent Inland Empire retail investment buy, Levy Affiliated purchased Rancho del Chino, a 162k sf center in the city of Chino. The seller was Chino North Retail LLC, a private development company. The price was not disc...
Price: $4.99
Executive Subscriber Price: Free
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• Hobby Lobby Inks Deals for Three New CA Stores
10/05/11
Hobby Lobby recent completed leases totaling 227.5k sf for three new stores in California. Each of the leases is for buildings formerly occupied by Mervyns. Currently, Hobby Lobby has 491 stores in 41 states. I...
Price: $4.99
Executive Subscriber Price: Free
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• Superior Communications Renews 225k sf Irwindale Space
10/05/11
Superior Communications Inc just signed a $14 mil, long-term renewal lease for the companyís 225k sf of space in Irwindale. Located at 5027 Irwindale Ave, just south of Arrow Hwy, the property houses the companyís corporate h...
Price: $4.99
Executive Subscriber Price: Free
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• Hesperia Retail Center Trades for $13.5 Mil
9/30/11
Topaz Marketplace, a 53.3k sf grocery-anchored shopping center in Hesperia, was purchased by Irvine-based TNP Strategic Retail Trust for $13.5 mil ($253/sf). Built in 2008, the property is situated on just over six acres at 1...
Price: $4.99
Executive Subscriber Price: Free
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• County of Riverside Purchases Two-Building Office Property
9/29/11
The County of Riverside purchased a two-building office property in Riverside from CT Realty for $6.6 mil. The two buildings, located at 3125 and 3075 Myers St, just south of the 91 Fwy and west of Van Buren Blvd, total 78.1k...
Price: $4.99
Executive Subscriber Price: Free
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