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October 20, 2020
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INLAND EMPIRE NEWS
Archive
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• TA Realty Advisors Spends Over $9 Mil on Inland Empire Office Property
6/09/11
In a recent Inland Empire office sale, TA Realty Advisors paid $9.25 mil for Empire Corporate Center, an 81.7k sf ($113/sf) office complex in Ontario. The property is located at 800 N. Haven Ave, just north of I-10. The Cla...
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• Ontario Discovers You Might Not Be Able to Fight City Hall, But You Can Renovate It
6/08/11
The City of Ontario has unveiled its new 50k sf City Hall building after the completion of a 19-month, $21.9 mil renovation on the 30-year-old structure. The now state-of-the-art facility, located at the heart of the City’s h...
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• Logistics Provider Leases 200k sf Inland Empire Facility
6/07/11
Logistics needs remain a major driver of the Inland Empire industrial market. In the latest deal, 3PL Worldwide Inc signed a three-year deal for a 201k sf warehouse/distribution facility in Rancho Cucamonga. The building is l...
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• Logistics Firm Puts on Leasing Performance in Redlands
6/06/11
Performance Team, a national provider of distribution, transportation and supply chain logistics services, recently completed both a new lease and a lease renewal in the Inland Empire city of Redlands as part of a company exp...
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• Reusable Container Corp to Re-Use Its 100k sf Inland Empire Industrial Space
6/03/11
Reusable Container Corporation, a subsidiary of IFCO Systems N.A., recently inked a renewal lease for a 100.9k sf industrial building in Rancho Cucamonga. The five-year deal has a total value of $1.7 mil, or about $0.28/sf/mo...
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• Chino Industrial Facility Acquired for $6.5 Mil
5/26/11
Sam Pievac Company, a global company that manufactures and distributes retail displays and fixtures, purchased a 100.4k sf industrial distribution facility in Chino for $6.5 mil ($65/sf). The property, which will serve as the...
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• 86k sf Temecula Industrial Property Trades for Near $7 Mil
5/19/11
Warren Lortie Investments purchased an 86.4k sf industrial property in Temecula for $6.82 mil ($79/sf). Located at 43379 – 43397 Business Park Dr, near the I-15 Fwy, the property was sold by Foremost Carmel Mountain Ltd. Th...
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• Phoenix Realty Group Spends $21.5 Mil on Inland Empire Apartment Portfolio
5/11/11
Phoenix Realty Group (PRG) has acquired an Inland Empire apartment portfolio, consisting of three properties in the cities of San Bernardino and Highland with a combined 432 units. The portfolio was purchased for $21.5 mil fr...
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• Overton Moore Picks Up 192k sf Inland Empire Industrial Property
5/10/11
Overton Moore Properties (OMP) has acquired Citrus Business Park, a 192.4k sf Class A industrial project located within Hunter Business Park in Riverside. The two-building, multi-tenant industrial park was sold by Lincoln Nat...
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• LA Investor Buys Ontario Retail Building
5/05/11
A 7.9k sf multi-tenant retail building within a Lowe's anchored shopping center in Ontario was purchased by an LA-area investor. Situated within The Marketplace on Grove, the property is located at 2220 S. Grove Ave, between ...
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• CT Realty Investors Celebrates $17 Mil Inland Empire Buy with Champagne
4/26/11
OC-based CT Realty Investors has acquired the Champagne Building, a 386k sf warehouse facility in Ontario, for $17 mil ($44/sf). Located on a 15.27-acre site at 1671 Champagne Ave, the building was purchased from RGR Develop...
Price: $4.99
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• New 500k sf Freezer Facility Completed in Riverside
4/19/11
The development features over-standard grade construction materials, metal-clad foam insulation that lines the interior of concrete panels along with lighting and energy management controls that will save more than 4 million ...
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• HFF Arranges Almost $30 Mil for CA Apartment Financing Deals
4/15/11
In recent CA multifamily financing news, HFF has arranged financing totaling $29.4 mil for Palm Springs Village and Plaza Palm Springs in Palm Springs, and Oak Hills Apartments in Hayward. HFF worked exclusively on behalf of...
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• Investment Entity Pays $35 Mil for Inland Empire Apartment Community
4/14/11
Montierra Apartments, a 240-unit multifamily complex in Ontario, sold for $35 mil ($146k/unit) in a transaction that further demonstrates that investor confidence has returned to the Inland Empire. The property, located at ...
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• CT Realty Acquires 225k sf Industrial Building in Moreno Valley
4/14/11
OC-based CT Realty Investors has acquired a 225k sf warehouse/distribution building on the grounds of the March Air Reserve Base in Moreno Valley from March Philmar LLC. The property is located at 16875 Heacock, north of Ram...
Price: $4.99
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• Johnson Capital Arranges $20 Mil on Inland Empire Multifamily Community
4/13/11
Johnson Capital has arranged a $20.5 mil loan on Orchard Heights Apartments, a 347-unit apartment complex in Rialto. The transaction was arranged by Greg Richardson, a Managing Director in Johnson Capital’s Irvine office who...
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• Dr. Pepper Snapple Group Bottles Up Riverside Facility
4/05/11
The American Bottling Company, a subsidiary of the Dr. Pepper Snapple Group, inked a 10-year lease of an 81.4k sf industrial building located at 1188 Mt. Vernon Ave in Riverside, near the 91 and 215 Freeways. Terms of the dea...
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• Two Inland Empire Leases Total Up to $14 Mil
4/04/11
Real estate services firm Colliers International recently closed two industrial leases in San Bernardino County with a combined value of nearly $14 mil. The deals consisted of a seven-year, $10 mil lease for a 411.5k sf ($0.2...
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• Retail Briefs
3/30/11
PALM SPRINGS (Riverside County) -- a 14.8k sf single-tenant property net leased to Walgreens sold for $6.92 mil ($468/sf). Located at 50040 Harrison St, the property is leased to Walgreen Co under a new 75-year NNN corporate ...
Price: $4.99
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• Lava DS Leases Remaining 266k sf at Inland Empire Facility
3/28/11
Just one-year after leasing 162.3k sf of distribution space at a 428.8k sf building in the city of Ontario, Lava DS inked a long-term expansion deal for the remaining 266.5k sf of space, giving the company the entire facility...
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