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April 1, 2020
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INLAND EMPIRE HEADLINES
New Starbucks with Drive-Thru in the Inland Empire Sells for $1,722/sf
4/01/20
1.8k sf property is in Twentynine Palms

Palm Desert Res Community Sells for $171k/Unit
4/01/20
SoCal investor pays $8.9 mil for Royal Palms Condominiums

Providence Capital Group Spends $68 Mil on Rancho Cucamonga Arte Project
3/31/20
182-unit res community sold by Fore Property

Investor Exchanges into Beaumont Commercial Property
3/30/20
15k sf Highland Springs Medical Arts Building sells for $3 mil

Rancho Cucamonga Retail Center Sells for $13.75 Mil
3/26/20
31k sf Shops to Victoria Gardens goes for $438/sf

64k sf Riverside Office Building Sells
3/18/20
Class A asset was fully leased at time of sale

Inland Empire Self-Storage Facility Trades
3/19/20
Institutional investor buys 834-unit Upland Self Storage

Moreno Valley Multifamily Property Goes for $138k/Unit
3/10/20
Local buyer acquires 48-unit Bevia Apartments

Rockefeller Group Picks Up 7.8 Acres of Development Land in Otay Mesa
3/09/20
Firm to build 138k sf spec distribution center

Temecula Biz Campus Traded in $11 Mil Deal
3/06/20
87k sf Temecula Corporate Park fetches $125/sf

Commercial Building in San Bernardino Acquired by Credit Union for New HQ Location
3/02/20
18k sf property sells for $2.25 mil

Renaissance Marketplace Adds 500k sf Destination Retail Center in Rialto
2/27/20
Project developed by Lewis Retail Centers and designed by Nadel Architecture + Planning

Transwestern Development Co Starts Work on 225k f Spec Warehouse in the Inland Empire
2/27/20
Project is within I-215 Commerce Center in Colton

Bridge Development Partners Completed Over $450 Mil in Acquisitions During 2019
2/25/20
Purchases include 4.5 msf in future development projects

Newly Constructed Sprouts Market in the Inland Empire Sells for Over $10 Mil
2/25/20
30k sf store is part of Highland Village Shopping Center in Fontana

Cardinal Healthís 1 msf State-of-the-Art Inland Empire Distribution Center Trades Hands
2/20/20
Dedeaux Properties sells fully leased facility within Sycamore Canyon Business Park

Four Newly Constructed Industrial Buildings in Lake Elsinore Sell for $8 Mil
2/19/20
Properties are within phase two at Fairway Business Park

CBRE Global Investors Fund Buys Industrial Asset in the Inland Empire
2/17/20
143k sf San Bernardino facility leased to FedEx

Poincare Group LLC Spends $26 Mil on 118k sf of Temecula Retail Assets
2/12/20
Pathfinder Partners sells Bel Villaggio I-II and Bel Villaggio III

Riverside Residential Building Goes for $153k/Unit
2/11/20
Local investor pays $2.3 mil for 15-unit property

Exchange Investors Pick Up Multiple Buildings at Inland Empire Retail Center in Deals Totaling $33 Mil
2/11/20
Five building sales are at recently completed Eastvale Marketplace

Temecula Mixed-Use Property Gets New Owner in $8.8 Mil Deal
2/05/20
Acquisition is of res/office/retail Front Street Plaza

La-Z-Boy Manufacturing Facility in the Inland Empire Sells for $11.5 Mil
2/03/20
Deal is for 194k sf Redlands property

Draftsmen & Craftsmen
1/31/20
RevOZ Capital breaks ground on build-to-suit office project in San Bernardino

Birtcher Development Acquires 20 Acres in the Inland Empire for Industrial Development
1/31/20
Site is already entitled for a 407k sf distribution center

Cali Wine & Vine Leases 48k sf of Space in Temecula
1/29/20
Firm will relocate its headquarters and manufacturing services into this building from two other locations

Inland Empire Easily Leads U.S. in Large Warehouse Lease Deals
1/29/20
Region has the most large transactions and for the most space, according to CBRE

Inland Empire Two-Tenant Retail Property Trades in Record Deal
1/29/20
L.A. Investor pays $956/sf for Yucaipa property

Bar Logistics Leases 337k sf of Distribution Space in the Inland Empire
1/23/20
Firm inks $10 mil deal at Prologis Park Moreno Valley Eucalyptus

Inland Empire Residential Property Sells for Over $100k/Unit
1/16/20
Local investor buys 43-unit Villa Real Apartments in San Bernardino

First Phase of Temecula Mixed-Use Project Started with $19.8 Mil in Funding
1/16/20
Parkview Financial provides loan for 87k sf of development at French Valley Commons

Wood Investments Companies Inc Buys 94k sf Inland Empire Retail Center
1/15/20
Downtown San Bernardino property occupied by Food 4 Less and Ross Dress For Less

Victorville Multifamily Community Trades at Record $118.8k/Unit
1/13/20
Hanes Properties buys 120-unit Golden Sands complex

Renovation of Rancho Cucamonga Building Creates Modern, Two-Story Office Space
1/13/20
Original structure had been a single-story, 29k sf building

Victorville Retail Center Trades in $15.8 Mil Transaction
1/07/20
T-I-C investment entity buys 104k sf Hi Desert Plaza

Walgreens-Occupied Ground Lease in the Inland Empire Sells for $2.9 Mil
1/06/20
13.9k sf single-tenant site picked up by Newport Beach investor

Temecula Industrial Asset Trades in $9.35 Mil Deal
1/06/20
102k sf facility is occupied by Walmart

ASB Real Estate Investments Closes $100 Mil Inland Empire Industrial Acquisition
12/27/19
Deal is for 677k sf facility in Bloomington

Rockefeller Group and MBK Real Estate To Develop 297k sf Inland Empire Industrial Facility
12/24/19
Fontana Santa Ana Industrial Center to be completed in December 2020

Commercial Real Estate Financing Briefs
12/24/19
Recent transactions from JLL, CBRE Capital Markets, Northmarq Capital

MGR Real Estate Acquires Ontario Office Campus for $38.6 Mil
12/17/19
Purchase consists of two buildings totaling 159k sf of Class A space

Los Angeles Investor Exchanges into 102k sf Hesperia Industrial Park
12/17/19
Positive Investments collects $8.89 mil from sale of six-building asset

United Trust Realty Corporation buys 7.5 Acres of Development Land in Chino
12/10/19
Firm pays $2.9 mil for last site within 710-acre College Park Master Planned Community

Commercial Real Estate Financing Briefs
12/06/19
Recent transactions from Berkadia, Sonnenblick-Eichner Company, NorthMarq Capital and Max Benjamin Partners

Crystal Asset Management Inc Makes $39.5 Mil Res Buy in the Inland Empire
12/04/19
Purchase is of 212-unit Vista Springs in Moreno Valley

MBRE Healthcare Buys Medical Office Property in Bermuda Dunes
12/04/19
28.5k sf JFK Medical Plaza sold by Omni West Group

Premier Workspaces Opens New Location Within Newly Constructed Wildomar Shopping Center
11/27/19
Space marks firmís second location in the Temecula Valley

Kite Family Limited Partnership Secures Refi on Inland Empire Retail Center
11/25/19
CBRE arranges new loan on 125k sf Jurupa Valley Spectrum

CIP Secures New Financing of $58.6 Mil on Trio of Inland Empire Assets
11/25/19
JLL arranges first TD money on 610k sf portfolio

Pasadena Entity Completes $21.5 Mil Investment Buy in Rancho Cucamonga
11/22/19
Deal is for 138k sf industrial park

Private Investors Trade Palm Desert Apartment Building in $4.5 Mil Deal
11/22/19
25-unit El Paso Place goes for $180k/unit

Providence Capital GroupBuys 59k sf Inland Empire Office Asset
11/19/19
$11.8 mil acquisition is of Rincon Corporate Plaza in Corona

L.A. Buyer Pays Over $7 Mil for Desert Hot Springs Multifamily Property
11/12/19
Willow Crest Apartments sells for $144k/unit

New Construction Retail Property in Rialto Sells for $280/sf
11/11/19
31k sf building occupied by ALDI and WSS

Temecula Industrial Facility Traded for $28 Mil
11/08/19
224k sf property was fully occupied at time of sale

Inland Empire Distribution Property Trades in $91 Mil Transaction
11/07/19
Bridge Development Partners buys 1.66 msf Fourth Street Distribution Center in Rancho Cucamonga

TrakMotive Leases 157k sf Facility in Redlands
11/06/19
Firm inks deal at 157k sf building owned by Cabot Properties

Neighborhood Center in Corona Gets New Owner in $5.3 Mil Deal
11/04/19
OC investor buys 18k sf Corona Lanes Collection

MJW Property Group Closes $90 Inland Empire Res Buy
10/29/19
Firm acquires 336-unit The Enclave at Menifee

Inland Empire Flex/R&D Building Fetches $265/sf
10/21/19
9.6k sf Ontario building was constructed in 1970

Waterford Property Company Pays $21.5 Mil for Ontario Multifamily Property
10/21/19
Purchase of 75-unit asset is firmís first res buy in the region

Inland Empire Office Portfolio Trades in $41.7 Mil Deal
10/17/19
Harbor Associates LLC and Taconic Capital Advisors buy five buildings toaling 368k sf in San Bernardino



 


 


 
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