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• Inland Empire Retail Center Fetches $373/sf
11/21/24
Center Point Plaza, a 28.9k sf retail property in the Inland Empire city of Yucaipa, traded hands for $10.8 mil, or $373/sf. The property is located at 33490-33492 Oak Glen Rd, just south of Yucaipa Blvd.
Constructed in 2007...
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• Rockefeller Group Finishes Work on 260k sf Distribution Center in the Inland Empire
11/18/24
Rockefeller Group has completed construction of a 260k sf distribution center on 14 acres in the Inland Empire city of Perris. The project, Patterson Commerce Center, includes 36’ clear ceiling heights, 56’ x 60’ column spac...
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• New K-8 School Completed for the Chino Valley Unified School District
11/17/24
Legacy Academy K-8 School at The Preserve at Chino, a 38-acre master-planned community, has been completed and is now open to the public. The all-new $51 mil public school will serve more than 1,250 students in the Chino Vall...
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• DECA Plans to Build 855k sf Distribution Facility in Perris
11/15/24
San Francisco-based DECA has announced plans to build a brand new 855.3k sf warehouse/distribution facility in Riverside County. The project, Perris Gateway, is a fully entitled, state-of-the-art speculative cross-dock develo...
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• Inland Empire Power Center Lands $140 Mil Refi
11/15/24
Castle & Cooke has obtained $140 mil in new financing on Crossings at Corona, a Class A, 834k sf retail power center in Corona. The new loan was arranged by JLL and funded through Deutsche Bank AG.
Crossings at Corona was co...
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• Outparcel Buildings at Riverside Retail Center Trade in $20 Mil Deal
11/12/24
A private investor from Los Angeles purchased five retail outparcels totaling 25.9k sf at Citrus Landing, a newly remodeled, 100%-occupied, 124.9k sf grocery-anchored neighborhood shopping center in Riverside. The transaction...
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• Inland Empire Auto Services Property Sells for $9.5 Mil
11/11/24
G & M Oil Company purchased a Chevron Station, ExtraMile Convenience Store and Express Car Wash in the Inland Empire city of Highland in a recent $9.5 mil all-cash deal. The purchase included both the business and the real es...
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• Buchanan Street Partners Acquires Two-Acre In land Empire Site for New Self-Storage Project
11/08/24
Buchanan Street Partners acquired a 2.05-acre Inland Empire property with plans to redevelop the site into a state-of-the-art self-storage facility. The property is located at 1382 East Foothill Blvd, north of I-10 in Upland....
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• Cabot Properties Acquires 669k sf Inland Empire Industrial Portfolio
11/07/24
Cabot Properties has acquired the IE 4-Pack portfolio, a 669k sf industrial portfolio in the Inland Empire, from a private institutional seller for $202.1 mil ($302/sf). The properties are in the cities of Ontario, Fontana an...
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• Retail Portfolio in San Bernardino Sells for $7 Mil
10/31/24
A portfolio of four adjacent, separately parceled single-tenant, net-leased properties in San Bernardino traded in a recent $7 mil deal. The properties, located at 2505-2575 Highland Ave, are occupied by IHOP, Wienerschnitzel...
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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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