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April 20, 2014

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INLAND EMPIRE HEADLINES

1900-Acre SoCal Resort Site Looking for a Good Developer
4/17/14

Unique Arrowhead Springs property in San Bernardino offered for sale as rare opportunity

388k sf Trophy Retail Center in Chino Hills Put on the Market
4/17/14

HFF has the listing for The Shoppes at Chino Hills

ALDI to Build 850k sf SoCal Regional Distribution Center in Moreno Valley
4/07/14
National grocer acquires 55-acre site for new project

Johnson Capital Arranges $8.6 Mil on Claremont Office Asset
4/03/14

80k sf building is part of the Keck Graduate Institute (KGI) Applied Life Science Campus

Investor Buys 42 Acres in Upland and Claremont
4/01/14
Land entitled for 400 res units and 100k sf of commercial space

CIRE Equity buys 230k sf Murrieta Crossing
3/31/14

Inland Empire retail center goes for $16.5 mil

Solar City Corporation, Pacific Aviation Group and Southern California Aviation Start 2014 with New Deals in Victorville
3/28/14
Latest transactions bring Southern California Logistics Centre to 99 percent occupancy

Taiwanese Computer Equipment Manufacturer Buys 89k sf Ontario Facility
3/25/14
Chenbro Micom acquires building from Industrial Income Trust

Temecula Mixed-Use Property Sells
3/21/14
Old Town Center goes for $259/sf

Moreno Valley Retail Asset Acquired by Brixton Capital for $42 Mil
3/20/14

TownGate Center anchored by TJ Maxx/Home Goods and Ross Dress for Less

Hemet LA Fitness Bought for $11.2 Mil
3/14/14

Local investor sells well-located retail property

Holiday Inn Express Temecula Sells for $11.4 Mil
3/10/14

Deal was funded by $11.3 Mil SBA loan arranged by TMC Financing and funded by BBCN Bank

Pet Foods Company Leases 109k sf Ontario Facility
3/07/14

15-year transaction worth close to $6 mil

Terry W. Thompson Named as County of San Bernardino’s Director of Real Estate Services
3/05/14
Will oversee multiple budgets totaling nearly $380 mil

SR Commercial Spends $6 Mil on SoCal Value-Add Investments
2/25/14

Purchases consist of an industrial property in Escondido and an office building in Murrieta

Rexford Closes 114k sf Ontario Industrial Buy
2/14/14
Firm uses proceeds from recent San Diego disposition for this purchase

American Bolts for 73k sf Fontana Space
2/12/14
Lotus Real Estate Partners acquires note on 36k sf Ontario facility

Newcastle Partners Purchases 26 Acres for Riverside Spec Project
2/11/14
San Francisco-based firm to begin work on 500k sf distribution building

Merlone Geier Partners Spends $49 Mil on Inland Empire Power Center
2/06/14

211k sf Vernola Marketplace acquired from venture of Rockwood Capital, Equity One Inc and Vestar

Progressive Real Estate Partners Completes Over 300k sf of Inland Empire Retail Deals in 2013
1/29/14
Firm named as exclusive Retail Brokers Network representative for the region

Rancho Cucamonga Industrial Property Sells for $6.5 Mil
1/24/14
Asset trades for $63/sf

Inland Empire Power Center Fetches $54 Mil
1/22/14

1031 exchange buyer acquires 312k sf Foothill Crossing in Rancho Cucamonga

Hometown America Obtains $31 Mil Loan for Inland Empire Manufactured Home Community
1/07/14

HFF arranges financing for Green River Village in Corona

Hyde & Hyde Picks Up Inland Empire Cold Storage Facility
1/06/14
Firm buys 25k sf property in Corona for $3.6 mil

Newcastle Partners Completes Work on 600k sf Riverside Facility
12/20/13

Class A building being marketed for lease

Dunhill Partners Buys Riverside Retail Center for $61 Mil
12/13/13

Dallas-based firm acquires Canyon Crossings

Riverside O’Reilly Auto Parts Sells for $278/sf
12/12/13
Deal has one of lowest cap rates on record for single-tenant auto parts store in the county

Kearny to Develop 1.1 msf Warehouse/Distribution Facility in Moreno Valley
12/05/13
Firm acquires 52-acre site for $19.4 mil

Inland Empire Health Plans Spends $51 Mil on Rancho Cucamonga Office Building
12/02/13

393k sf asset sold by Trigild, as receiver for the property

Circle K Stores Gets Okay to Build Flagship Store in San Jacinto
11/27/13

4.5k sf prototype will include a convenience store, carwash and a Mobil gas station

Former Inland Empire Big Box to Be Converted into an Office Building
11/14/13
Buyer to transform San Bernardino facility for the County

Palm Springs Auto Zone Property Trades for $2.33 Mil
11/06/13

Single-tenant asset goes for over $400/sf

Optimus Building Corporation Sells Seven Buildings at Corona Medical/Office Park
11/06/13
Deals have a combined price of $18.6 mil

Holualoa Buys in Montclair
11/04/13
Company acquires 96k sf biz park for $8 mil

Monet Fetches $13.2 Mil
10/22/13

31k sf retail asset in Rancho Cucamonga acquired by Sacramento-based investor

Fontana Land Acquired for Development of 350k sf Industrial Project
10/15/13
16 acres bought by Real Estate Development Associates LLC and The Bascom Group LLC

Centers Dynamic Lands New Financing for Portion of Ontario Retail Center
10/11/13
$9.2 mil used to acquire vacant Albertson’s and refi debt on existing space at Grove Plaza

Private Investor Pays $4.6 Mil for Corona Retail Asset
10/10/13

Green River Promenade has 42k sf of space

Murrieta Self-Storage Property Sold by First Citizens Bank & Trust Company
10/01/13
Investor pays $2 mil for 161-unit asset

MG Properties Spends $42 Mil on Upland Multifamily Asset
9/30/13

Firm buys 300-unit Stoneridge Apartments from Sares*Regis Group

Riverside LA Fitness Property Sells for $13.9 Mil
9/27/13

Cole Credit Property Trust purchases 50k sf retail asset

Temecula Retail Center Acquired by Pathfinder Partners in Two Transactions
9/20/13

San Diego firm buys Bel Villaggio I and II from one seller and Bel Villaggio III from another for combined $18.5 mil

Investors Spend $20 Mil on Two Riverside Retail Centers
9/18/13

Properties contain 122k sf of space

State of CA Inks Build-to-Suit Lease for New Testing Facility in Fontana
9/17/13
DW Development building the 7.4k sf project on six-acre site

Alere Property Group Picks Up 1.1 msf of Inland Empire Industrial Space
9/13/13

Transaction consists of Rialto Commerce Center II and III buildings

Rancho Cucamonga Building Picked Up by Investor for Over $9 Mil
9/12/13
Industrial property was fully leased at time of sale

Rancho Mirage Property Leased to Union Bank Sells for $850/sf
9/05/13

Private investor picks up 7k sf asset

KB Homes Buys 40 Acres in Eastvale
8/29/13
Firm to build up to 350 homes on the land

Housing Market Rebirth Spurs Leasing in the Inland Empire
8/28/13
Region’s office market expected to maintain momentum in second half of the year

SR Commercial Picks Up Two More SoCal Industrial Assets
8/27/13
Firm has closed about $60 mil in purchases over the last 24 months

Chinese Private Investor Spends Nearly $18 Mil on Redlands Retail Asset
8/21/13
97k sf purchase is part of the Pavilion at Redlands shopping center

SoCal Investors Trade 347-Unit Rialto Apartment Community
8/20/13

Orchard Heights goes for $26 mil

New 298-Unit Ontario Res Development to Get Underway in Early 2014
8/19/13

Well-located project being developed by The Picerne Group

CT Realty Investors Picks Up Leased 138k sf Facility in Rancho Cucamonga
8/14/13

OC firm to redevelop property after tenant vacates

Visit the Inland Empire News Archive