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• Private Investor Buys 48k sf Single-Tenant Office Building in Rancho Cucamonga
10/30/24
A private investor acquired a 47.7k sf, NNN-leased office building in Rancho Cucamonga, in a recent sale/leaseback transaction valued at $21.5 mil ($449/sf). The property was sold by Citizens Business Bank.
The Citizens Busi...
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• New Inland Empire Chase Bank Retail Ground Lease Goes for $4 Mil
10/28/24
A Chase Bank retail property ground lease in the Inland Empire was acquired by a CA-based private investor in a $4 mil deal. The 3.5k sf building was constructed in 2024 and sits on 1.57 acres at 27980 Clinton Keith Rd in Mur...
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• Rexford Industrial Buys 279k sf Facility in the Inland Empire
10/22/24
In a recent Inland Empire industrial trade, Rexford Industrial Realty acquired a fully leased 278.7k sf property in Fontana for $70.1 mil ($251/sf). The property is located at 13201 Dahlia St, east of I-15 and south of I-10.
...
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• Pennsylvania Investor Spends $2 Mil on Yucca Valley Ground Lease for a New Quick Quack Car Wash
10/22/24
A private investor from Newton, PA acquired a new construction Quick Quack Car Wash in Yucca Valley, CA for $2.04 mil for the absolute triple-net ground lease. The car wash is located on a pad within a Stater Bros-anchored sh...
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• Murrieta Retail Property Sells for $975/sf
10/02/24
A two-tenant, 5.1k sf retail property in Murrieta traded hands in a $5 mil transaction. The property, located at 27970 Clinton Keith Rd, was recently built in spring 2024 and is fully occupied by Verizon Wireless and Chipotle...
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• $29 Mil Renovation Project Completed at Riverside City College
9/30/24
C.W. Driver Companies has completed a $29.3 mil renovation at Riverside City College with the transformation of the former Physical & Life Science Buildings, built in the 1960s, into the new Business, Law, and Computer Inform...
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• Investors Trade Riverside Multifamily Property in $10 Mil Deal
9/19/24
Ramona Oaks Apartments, a 44-unit multifamily property in Riverside, sold for $10.15 mil, or $231k/unit. The property is located at 3401 Ramona Dr, on the northwest side of the 91 Fwy.
The community offers a mix of one- and ...
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• Pic N Save Bargains Leases Former 99 Cents Only Store Location in Victorville
9/16/24
Pic N Save Bargains inked a 10-year lease for a 29.7k sf anchor space within a Superior grocers-anchored retail property in Victorville. The space, located at 14670 7th St, was formerly a 99 Cents Only Store.
The store is ex...
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• BioLife Plasma Services Takes 18.6k sf Space in Victorville
9/13/24
BioLife Plasma Services has inked a lease for 18.6k sf of space in Victorville. Terms of the deal were not disclosed.
The property is located at 12480 Amargosa Rd, within Victorville Shopping Center; a power center totaling ...
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• Inland Empire Retail Market Sees Steady Growth Amid Evolving Demographic and Economic Shifts
9/05/24
This report provided by real estate services firm NAI Capital Commercial
MARKET OVERVIEW
The Inland Empire’s retail market has seen notable growth over the past year, driven by population in-migration and the region’s more...
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• Four Inland Empire Car Wash Properties Trade in Separate Deals
8/29/24
Four Inland Empire, non-operating car wash properties were purchased for an undisclosed price by three different Southern California-based private investors in four separate transactions. The properties are located in Apple V...
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• Riverside Chipotle-Anchored Asset Sells for $927/sf
8/20/24
A Los Angeles-based 1031 exchange investor purchased a recently constructed, three-tenant net-leased investment anchored by a Chipotle Mexican Grill with a drive-thru “Chipotlane” in Riverside. The 6.3k sf property, which tra...
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• New $54 Mil School Campus Completed in Riverside County
8/12/24
The Menifee Union School District’s newest campus, the Sally Buselt Elementary School, is now open for business. The all new $54.5 mil K-5 elementary school will serve up to 600 students residing in Riverside County. The proj...
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• Simpler Space Leases Full Floor at Chino Office Building
8/05/24
SimplerSpace has opened a coworking location in the Inland Empire city of Chino. The new space occupies the entire 13.5k sf fourth floor at 14726 Ramona Ave. It has more than 50 offices/suites.
This newest location adds anot...
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• Inland Empire EoS Fitness Property Goes for $350/sf
8/02/24
A SoCal investor in a 1031 exchange paid $13.3 mil for a newly developed EoS Fitness property in French Valley, a city within the greater Temecula market in south Riverside County. The 38k sf ($350/sf) building is situated on...
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• New York Firm Buys 726-Unit Inland Empire Self-Storage Property
8/01/24
Merit Hill Capital purchased Bear Valley RV Park and Self Storage, a 726-unit self-storage facility in the Inland Empire community of Hesperia. Merit Hill is a real estate investment firm based in Brooklyn, NY that is focused...
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• Retail Strip Center in Downtown Riverside Goes for $500/sf
8/01/24
An OC-based private investor paid $3.65 mil for a 100% leased, 7.3k sf ($503/sf) retail strip center located at 3948-3964 University Avenue in Downtown Riverside.
The strip center was recently remodeled and is home to six di...
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• Western National Property Management Awarded 330-Unit Assignment in Palm Desert
7/26/24
Metonic Real Estate Solutions has awarded Western National Property Management (WNPM) the assignment to manage Millennium Apartments, a 330-unit luxury multifamily apartment community in Palm Desert, CA.
Ideally situated ami...
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• Dedeaux Properties and Basis Investment Group Buy Fee Simple Land Interest Under Rialto Warehouse Project
7/26/24
Dedeaux Properties and joint venture partner Basis Investment Group have acquired the fee-simple interest in the land under Rialto Village, its recently completed 83.3k sf high velocity warehouse building in Rialto, for $12.8...
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• 1,000-Unit Res Portfolio Lands $128 Mil Refinancing
7/23/24
San Diego-based Tower 16 Capital Partners has secured a $128 mil refinancing of a four-property multifamily portfolio comprising nearly 1,000 units across California and Arizona. The new fixed-rate agency loans feature five-y...
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