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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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• CapRock Partners Wraps Up Work on Two Inland Empire Industrial Projects
6/06/23
CapRock Partners has completed work on Palomino Ranch Business Park Phase I and Saddle Ranch South, two new LEED Silver-certified industrial building complexes strategically located in Norco. The developments bring new effici...
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• Rancho Cucamonga Office Building Trades in $22 Mil Transaction
6/01/23
A 127k sf office building in Rancho Cucamonga traded hands in a $22.25 mil ($175/sf) transaction. The property is located at 11000 Eucalyptus St, on Foothill Blvd across from two busy regional shopping centers.
The two-story...
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• The Landmark Company Acquires Just Under Five Acres in Upland for Development
5/31/23
The Landmark Company purchased 4.84 acres of land at 1400 E. Arrow Hwy in Upland for $6.5 mil in an all-cash transaction. The company plans to build a single-family residential development on the land, in partnership with Ce...
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• Corona Quick Quack Car Wash Ground Lease Deal Closes at 4.4% Cap Rate
5/18/23
A SoCal private investor spent $4.46 mil on a Corona ground lease property occupied by a 3.6k sf Quick Quack Car Wash. Built in 2022 and situated on just under one-acre, the property is located at 850 N. Main St. The property...
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• Meet the Inland Empire Experts from RENTV's State of the Market Conference
5/17/23
Below are photos of the experts who spoke at RENTV's recent Inland Empire State of the Market Conference, held on May 9 in Ontario.
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• Archway Equities Closes $150 Mil Multifamily Buy in the Inland Empire
5/17/23
Archway Equities has acquired The Paseos at Montclair North, a 385-unit multifamily community in the Inland Empire city of Montclair, for $150 mil ($389.6k/unit). We’re told this is the largest multifamily transaction in Sout...
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• Neighborhood Center in Temecula Trades for $28 Mil
5/17/23
Meadows Village Center, a 67.3k sf neighborhood grocery-anchored center in Temecula, was acquired by Newport Beach-based RA Centers for $27.7 mil. Tenants at the center, Barons Market and CVS Pharmacy, were not a part of the ...
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• Private Investor Spends $15 Mil on Two SoCal Chick-fil-A Ground Lease Properties
5/17/23
A SoCal-based private investor purchased two Chick-fil-A ground lease assets for $15 mil. The assets are located in the Southern California cities of Palm Desert and Mission Viejo. The blended closing cap rate was 3.83%, mark...
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• San Bernardino Apartment Portfolio Sells for $152k/Unit
5/12/23
A three-property, 79-unit multifamily portfolio in San Bernardino traded for $12.047 mil, or $152.5k/unit.
The portfolio is located within the South Pointe neighborhood near downtown Loma Linda and is proximate to several u...
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• Inland Empire Strip Center Goes for $348/sf
5/12/23
An L.A.-based private investor paid $6 mil for South Sierra Plaza, a 17.3k sf ($348/sf), unanchored strip center in Fontana. The property, located at 10660 South Sierra Ave, was sold by the center’s original developer. The 12...
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• Ontario Multifamily Asset Trades for $50 Mil
5/12/23
The Landing Apartments, a 156-unit multifamily community in Ontario, was sold in a recent $50.5 mil ($323.7k/unit) transaction. The property is located at 3364 Honeybrook Way, west of I-15 and just south of Hwy 60.
The Landi...
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• Imperial Valley 7-Eleven Ground Lease Fetches $2.4 Mil
5/09/23
An OC-based private investor paid $2.4 mil for a new construction, single-tenant property occupied by a 7-Eleven convenience store and gas station in Imperial Valley. The new 15-year absolute triple-net ground lease sale work...
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• Birtcher Development Breaks Ground on 330k sf Distribution Center in Fontana
5/08/23
Birtcher Development has broken ground on Birtcher Logistics Center Fontana, a 330k sf, state-of-the-art distribution facility in Fontana. The project is being built in partnership with Oltmans Construction and Tomorrow’s Tal...
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• Inland Empire Logistics Campus Trades in $325 Mil Transaction
5/02/23
Corona Lakeside Logistics Center, a 727.7k sf industrial asset in the Inland Empire city of Corona, has traded hands in a transaction valued at $325 mil ($447/sf). The recently completed, five-building industrial complex, loc...
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• Single-Tenant Sherwin-Williams Store in Beaumont Sells for $3.24 Mil
5/02/23
A Hemet-based private investor paid $3.24 mil for a newly developed, 4k sf single-tenant net-lease retail pad building occupied by Sherwin-Williams in Beaumont. The deal had a 4.50% closing cap rate.
The Sherwin-Williams pro...
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• Newly Constructed San Bernardino Res Project Sells for Over $300k/Unit
4/28/23
Loma Villas, a newly constructed 70-unit multifamily community in San Bernardino, sold for $21.5 mil, or $307k/unit. The buyer was a SoCal-based private investor.
Located at 415 E. Commercial Rd. in the Inland Empire’s secon...
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• Covina Investor Spends $39.6 Mil on Trio of SoCal Industrial Properties
4/27/23
A Covina-based private investor purchased three SoCal industrial assets in deals totaling $39.6 mil. The properties are in Carlsbad, Chino and Nipomo.
One of the properties was Nipomo Self Storage, a self-storage facility, l...
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