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• La Quinta Bank Branch Property Sells for $500/sf
5/14/15
Izumi Trust paid $1.7 mil, all-cash for a 3.4k sf ($500/sf) bank branch in La Quinta occupied by Provident, with four years remaining the lease term. The property closed at a cap rate of 5.12 percent.
Located on Hwy 111 and ...
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• Inland Empire Enjoying Robust Retail Growth
5/12/15
2015 is already shaping up to be a robust year of retail expansion in San Bernardino County as national retailers seek out quality space and developers continue to build new centers to accommodate ongoing population growth.
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• Newcastle Partners Buys 8.2-Acre Riverside Site for Development
5/04/15
San Francisco-based Newcastle Partners Inc has acquired 8.21 acres of land for development in the County of Riverside. The firm will develop Harley Knox Logistics Center, a 140k sf industrial facility. The site is located wit...
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• Buchanan Street Partners Closes 159k sf Inland Empire Office Buy
4/30/15
Buchanan Street Partners has purchased Waterside Center, a two-building, 159k sf office complex in Ontario.The asset, located at 3110 and 3200 East Guasti Rd, was acquired from a venture between Greenlaw Partners and Walton S...
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• CIP Real Estate and Alex Brown Realty Close $13.8 Mil Inland Empire Office Buy
4/27/15
Center Tower Riverside, a five-story, 73k sf Class A office property located at 3880 Lemon St in downtown Riverside, was acquired by a joint venture between CIP Real Estate and Baltimore-based Alex. Brown Realty for $13.8 mil...
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• Autotech Engineering Sells in Fontana and Buys in Riverside
4/20/15
Autotech Engineering, a national manufacturer of after-market autoparts, completed a complex, off-market 1031 exchange transaction, having purchased an industrial building in Riverside for all-cash after selling its former si...
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• Inland Empire Biz Campus Sells for $18 Mil
4/09/15
Citrus Business Park, a 192.4k sf industrial property in Riverside, was purchased by an unnamed private investor for $18.1 mil, or about $94/sf. Citrus Business Park, located at 1111 and 1221 Citrus St, east of I-215 between...
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• Trigild Takes Over Management of 700k sf of SoCal Office Space
4/07/15
San Diego-based Trigild has taken over the management of nearly 700k sf of industrial and commercial property valued at $130 mil. These assets include: Genesee Executive Plaza in the Golden Triangle area of San Diego; Aero Bu...
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• 93-Acre Palm Springs Site Sells for $1.6 Mil
4/07/15
A 93.08-acre land parcel occupied by an operating wind farm in Palm Springs was purchased by a private real estate investor for $1.575 mil. The property, located at the Indian Canyon Drive exit off Hwy 10 in Palm Springs, is ...
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• New 930k sf Warehouse Development in Redlands Slated to Get Underway
4/06/15
A private fund advised by Crow Holdings Capital - Real Estate and Seefried Properties have acquired nearly 43 acres of fully entitled, shovel-ready land in the Inland Empire city of Redlands where they will construct a two-bu...
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• Hines and Oaktree Complete Record 1.06 msf Inland Empire Office Campus Buy
4/03/15
Tri-City Corporate Centre, a 17-building, 1.056 msf office complex in San Bernardino was acquired by a joint venture formed by Hines and funds managed by Oaktree Capital Management, L.P. in the largest office sale -- by squar...
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• Pacific Southwest Realty Services Arranges $35 Mil Refi on Inland Empire Res Property
4/02/15
Mike Thorp and Daniel Thorp in Pacific Southwest Realty Services’ Irvine office have arranged a $34.8 mil loan secured by an apartment complex in the Inland Empire. Built in 2006, the upscale property contains over 300 units ...
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• San Bernardino County to Hold State of the County on April 15, 2015
3/31/15
San Bernardino County’s The State of the County “Momentum is Building in 2015” will be a forum to share how the work of the Countywide Vision is generating positive momentum across important areas of San Bernardino County’s e...
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• Cup Manufacturer Fills Up Chino Biz Park with Lease for 522k sf Facility
3/31/15
Solo Cup Company, one of the world’s leading manufacturers and distributors of paper and plastic single-use consumer products, has leased a 522k sf state-of-the-art industrial facility at Empire Gateway in Chino, bringing the...
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• Hillwood Breaks Ground on 1.1 msf Inland Empire Ind Facility
3/27/15
In major development news out of the Inland Empire, Hillwood Investment Properties recently broke ground on Alliance Gateway South Building Three, a 1.1 msf addition to its highly successful AllianceCalifornia development in ...
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• Mooney International Triples Its Space at Chino Airport
3/26/15
Mooney International, a U.S. general aviation aircraft manufacturer based in Kerrville, TX, has expanded its existing Chino Airport operations, increasing to more than 153k sf of space. The aircraft manufacturer leased 50k sf...
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• Pacwest Management Completes $3 Mil Retail Buy in Apple Valley
3/20/15
In a recent retail acquisition from the California High Desert town of Apple Valley, Pacwest Management has purchased a major portion of Rancherias Plaza for $3.1 mil. The transaction consisted of four buildings totaling 40.1...
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• Riverside Single-Tenant Property Sells for $640/sf
3/19/15
A Newport Beach-based family trust paid $4.8 mil for a 7.5k sf ($640/sf), single-tenant, NNN-leased retail property fully occupied by Citibank in Riverside. Citibank has nine years remaining on its lease.
Located at 3580 Ty...
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• Walker & Dunlop Originates $25 Mil in Refi Money on La Quinta Res Property
3/18/15
Walker & Dunlop Inc originated a $25.4 mil refi loan for Silverhawk Apartments & Centre, a 214-unit apartment community located at 50660 Eisenhower Dr in La Quinta, CA. The borrower originally purchased the property out of fo...
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• Japanese Restaurant Leases Freestanding Building in San Bernardino
3/12/15
Shogun Japanese Restaurant signed a 10-year lease for a 7.5k sf, freestanding restaurant building in San Bernardino. The property, formerly Elephant Bar & Grill, is located at 1050 E. Harriman Place, west of Tippecanoe Ave an...
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