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• DPI Retail Spends Over $29 Mil on Vacaville Property
8/23/23
DPI Retail purchased Power Plaza, a 112.3k sf, grocery-anchored, neighborhood retail center located in Vacaville, for $29.175 mil ($260/sf). The property was sold by ProEquity Asset Management.
Built in 1993 and 1994, the ...
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• Birtcher Development Obtains $75 Mil in Construction Money for Inland Empire Industrial Project
8/23/23
Birtcher Development LLC has secured $75 mil in construction financing for the development of Birtcher Logistics Center Rialto, a 492.6k sf, Class A logistics facility currently under construction in Rialto. The non-recourse ...
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• Community Preservation Partners Buys 44-Unit Affordable Housing Project in Palm Springs
8/18/23
CPP (Community Preservation Partners) acquired Sunnyview Villa, a 44-unit affordable housing property in Palm Springs. The community, located at 2950 N. Indian Canyon Rd in North Palm Springs near the historic Racquet Club We...
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• BDK Logistics Intelligence Leases 114k sf Inland Empire Industrial Facility
8/17/23
BDK Logistics Intelligence Inc has signed a lease for an entire 114.2k sf industrial facility at 1161 Olympic Dr in Corona. Terms of the deal were not disclosed.
1161 Olympic Drive is a freestanding building situated on 4.8 ...
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• $286 Mil Ontario Industrial Lease Recognized as SIOR Largest Transaction for 2022
8/15/23
The DAUM Commercial Real Estate Services team of Gus Andros, SIOR, Eric Fikse, SIOR, and Richard John, SIOR, has won the Society of Industrial and Office Realtors (SIOR) Top Transaction Award for the Largest Transaction Overa...
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• Beverly Hills Investor Exchanges into Trio of Temecula Industrial Buildings
8/10/23
A Beverly Hills-based 1031 exchange investor spent $13.55 mil on three buildings totaling 68.1k sf of space in the Highland Business Center in Temecula. The properties were sold by Providence Real Estate Group.
The three bui...
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• Rockefeller Group Picks Up 14 Acres in the Inland Empire for Distribution Development
8/10/23
Rockefeller Group has acquired 14 acres in Perris, CA and will develop a 259k sf distribution center on the land. The project, Patterson Commerce Center, will be located adjacent to Optimus Logistics Center, a 1.4 msf, two-b...
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• LBA realty Spends $37 Mil on Inland Empire Industrial Facility
8/10/23
LBA Realty purchased a 96.5k sf industrial building located on 4.7 acres of land in Fontana for $37 mil ($383/sf). The property, located at 16355-16381 Slover Ave, was sold by Newcastle Partners.
Newcastle completed construc...
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• Investor Pays $252k/Unit for Fontana Apartment Building
8/02/23
A 25-unit multifamily community in Fontana sold for $6.3 mil, or $252k/unit.
Built in 1973, the property is located at 8919 Mango Ave. It offers a mix of one-bedroom, two-bedroom (townhouse-style), and three-bedroom floorpla...
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• Trio of New Leases Bring Inland Empire Center to 100% Leased
7/28/23
There have been three new leases totaling 24.2k sf at Canyon Springs Marketplace in Riverside, bringing the 183k sf regional center to 100% leased.
Located at Day St and Canyon Springs Pkwy, the property is adjacent to the...
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• Clarion Partners and EBS Realty Partners Buy Colton Land for Industrial Development
7/21/23
Clarion Partners and OC-based investment firm EBS Realty Partners have teamed up in the purchase of a 19-acre industrial site in Colton for $61 mil. Located at 275 and 375 De Berry St, on the west side of I-215 at S. La Caden...
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• Birtcher Development Breaks Ground on 492k sf Inland Empire Distribution Project
7/21/23
Birtcher Development has begun construction on Birtcher Logistics Center Rialto, a 492.4k sf, high-cube logistics facility in the Inland Empire city of Rialto. The project is expected to be ready for occupancy in first quarte...
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• MDH Partners Spends $112 Mil on Inland Empire Industrial Building
7/18/23
MDH Partners has purchased a 333.6k sf industrial building in Perris for $112.25 mil, or $337/sf, in a deal we’re told sets a record for the Inland Empire East market as measured by price per square foot for a warehouse distr...
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• Private Investor Spends Just Over $7 Mil for Corona Car Wash
7/17/23
Merit Auto Spa, a full-service car wash center in Corona, sold in a $7.157 mil transaction that included both the business and the real estate. The recently renovated car wash, located at 465 N. McKinley St, is an outparcel t...
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• Inland Empire's Industrial Market Shifts as Sublease Space Rises and Sales Volume Declines
7/10/23
This report provided by real estate services firm NAI Capital Commercial
MARKET OVERVIEW
The Inland Empire's industrial market is undergoing a shift as it moves away from the previously high demand for warehouse and distrib...
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• Two Single-Tenant Retail Investments in Imperial Valley Sell for Almost $6 Mil
7/06/23
Two new construction single-tenant net-leased retail investments were acquired in separate deals with two different buyers as part of a break-up sale strategy at a new retail development in Southern California’s Imperial Vall...
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• Inland Empire Biz Park Sells for $19.5 mil
7/05/23
Intersection Equities LLC purchased Riverside Business Park, a 120.3k sf, multi-tenant business park in Jurupa Valley, for $19.5 mil, or $162/sf. The fully occupied property, situated on 8.9 acres of land at 2902-2976 Rubidou...
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• Riverside Shopping Center Lands $37 Mil in Financing
6/15/23
Regional Properties has obtained $37 mil in financing for Mission Grove Plaza, a 248.1k sf shopping center in Riverside. The property is located at 121 – 383 East Alessandro Blvd, east of I-215 at Trautwein Rd.
The 16-build...
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• CapRock Partners Picks Up 22-Acre Site in Moreno Valley for 500k sf Warehouse Development
6/13/23
CapRock Partners acquired a 22.1-acre parcel within the World Logistics Center masterplan in Moreno Valley for the development of CapRock Global Logistics, a new 500k sf, LEED-certified industrial warehouse. CapRock purchased...
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• Starbucks-Anchored Retail Pad in Riverside Trades for $699/sf
6/13/23
A recently constructed, four-tenant net-leased investment anchored by a Starbucks Drive-Thru in Riverside traded for $4.89 mil. Built in 2020, the 7k sf ($699/sf) pad building sits on 1.14 acres at 22420 Van Buren Blvd.
The ...
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