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December 11, 2023
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INLAND EMPIRE NEWS
Archive
1  | 2  | 3  | 4  | 5  |  6  | 7  | 8  | 9  | 10  ...  84
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• Lake Elsinore Multifamily Property Traded in $64 Mil Deal
9/07/22
An entity of Atlantic Pacific Companies paid $64.5 mil for Riverís Edge Apartments, a 184-unit ($350.5k/unit) multifamily property in Lake Elsinore, CA. Built in 2007, the property is located at 2088 East Lakeshore Dr, on the...
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• Universe Holdings Closes on 160-Unit Multifamily Community in the Inland Empire
9/02/22
In a recent Inland Empire multifamily trade, Universe Holdings purchased Stonegate Apartments, a 160-unit multifamily asset in Riverside. The price was not given out, however, we can tell you that the deal was financed with a...
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• Ridgecrest Multifamily Comps Works Out to $107k/Unit
8/30/22
Norma Street Apartments, a 66-unit multifamily community in Ridgecrest, sold for $7.1 mil ($107.5k/unit). The property is located at 800 South Norma St, east of Downs St and north of China Lake Blvd. Built in 1992, the Norma...
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• Olympus Real Estate Group Buys Murrieta Hot Springs Property for $50 Mil
8/25/22
The historic Murrieta Hot Springs has been purchased for $50 mil by Olympus Real Estate Group, a real estate investment and development firm, with plans to renovate and preserve the 46-acre property as a hot springs wellness ...
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• NewMark Merrill Companies Ready to Break Ground on 96k sf Inland Empire Shopping Center
8/24/22
There are currently 18 businesses slated to take space at Rialto Village, a 96k sf shopping center development breaking ground this month at the southwest corner of San Bernardino Ave and Riverside Ave in the Inland Empire ci...
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• DCG Fulfillment Inks Lease for 189k sf in Fontana
8/19/22
DCG Fulfillment has leased a 189.3k sf industrial space in Fontana. Terms of the deal were not disclosed. DCGís new space is part of a larger 600k sf industrial warehouse property located at 13481 Valley Blvd in the Inland E...
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• Palm Desert Retail Asset Fetches $5 Mil
8/16/22
A two-tenant, net-leased investment occupied by Mattress Firm and Club Champion in Palm Desert traded for $5 mil. The property is located on an outparcel to a Walmart Neighborhood Market on Highway 111. Built in 2019, the 6....
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• Silver Star Real Estate Buys 304 Res Units in the Inland Empire
8/16/22
Silver Star Real Estate, a privately owned real estate company based in La Palma, has acquired Metro 3610, a 304-unit, value-add multifamily community in Riverside. Built in 1984, Metro 3610 sits on 15.2 acres at 3610 Banbury...
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• Riverside Multifamily Community Sells for $60 Mil
8/05/22
Raincross Promenade, a 141-unit luxury property in Riverside, sold for $60 mil ($425.5k/unit). Built in 2010, the property is located at 3250 Market St, west of I-215 and south of Hwy 60. Raincross Promenade is four floors i...
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• Greystar Real Estate Company Picks Up 264-Unit 55+ Res Community in the Inland Empire
8/03/22
Greystar Real Estate Company has purchased The Village on 5th, a 264-unit 55+ age-restricted, multifamily community in Rancho Cucamonga. The property is located at 9400 Fairway View Pl, north of I-10 and west of I-15. Villa...
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• JPI Acquires 482-Unit Riverside Res Project Currently Under Construction
8/02/22
JPI acquired a 482-unit apartment project on approximately 18 acres located near the intersection of CA-60 and I-215 in Riverside. The project is part of a larger 35-acre mixed-use development called The Exchange being develo...
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• Barstow KFC Sells for $2.85 Mil
7/26/22
A newly constructed Kentucky Fried Chicken in Barstow traded for $2.85 mil. The property was a built-to-suit construction with a drive-through and opened for business in February 2022. The property is located at 1440 E. Main...
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• Rexford Industrial Realty Completes $660 Mil of SoCal Industrial Buys
7/26/22
Rexford Industrial Realty closed on the acquisition of seven industrial properties for an aggregate purchase price of $660.9 mil. The purchases, made in June and July of this year, were funded using a combination of cash on h...
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• Work Finished on 84k sf Building 2 at New Industrial Development in Menifee
7/20/22
Jupiter Holdings LLC has completed construction of Scott Road Commerce Centerís building 2, an 84.2k sf, Class A industrial building in Menifee. Located at 33360 Zeiders Rd, the structure offers heavy power capabilities with ...
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• Sharp Capital and One Cole Group acquire 37k sf Industrial Building in Riverside
7/18/22
DSquared Capital LLC (DSC), a newly formed joint venture between Sharp Capital and Cole Capital Group, acquired a 37k sf industrial building in Riverside for $6.15 mil ($166/sf) in an off-market transaction. The property is ...
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• McDonald Property Group to Build 1.8 msf Inland Empire Distribution Facility for United Legwear & Apparel Company
7/13/22
McDonald Property Group will soon start work on a 1.8 msf, single-story 40í clear distribution center strategically located in the Inland Empire city of Beaumont. The build-to-suit project is designed to meet the growing dema...
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• Inland Empire Last Mile Facility Trades in $102 Mil Transaction
7/07/22
In a recent Inland Empire industrial investment sale, A 344.4k sf, LEED Silver-certified last-mile, robotics distribution facility traded for $102 mil, or $296/sf. The NNN-leased facility sits on 17.34 acres at 18025 Slover A...
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• New Single-Tenant Starbucks Property in Mojave Goes for Over $1,500/sf
7/06/22
A 3k sf, new construction, single-tenant Starbucks Drive-Thru with a cafť in Mojave sold for $4.56 mil ($1,520/sf). The property is located on 0.86 acres at 15652 Sierra Hwy along Highway 14, just past the Highway 58 intercha...
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• Dedeaux Properties Acquires Four Acres in Perris for Industrial Development
6/30/22
Dedeaux Properties LLC purchased two land parcels totaling 4.08 acres located at 945 and 995 W. Markham St in Perris for $5.96 mil. The land is planned for the development of an industrial facility. Dedeaux Properties and it...
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• Clear Capital Closes $82 Mil Multifamily Buy in the Inland Empire
6/23/22
Clear Capital purchased Foothill Ridge, a 232-unit apartment asset in Upland, for $82 mil, or $353.4k/unit. The property was sold by Virtu Investments. Foothill Ridge Apartments is a garden-style apartment complex made up of...
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