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• Exchange Investor Buys Fully Leased Inland Empire Retail Center
3/16/16
Plaza De Majorca, a 38.9k sf shopping center in Moreno Valley, sold for $5.83 mil ($150/sf) in a 1031 exchange transaction. Located at 12220 Pigeon Pass Rd, Plaza De Majorca was purchased by a private investor based in Garden...
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• CIP Real Estate Acquired $80 Mil in Inland Empire Assets During 2015
3/03/16
CIP Real Estate completed four acquisitions with a combined value of $80 mil during 2015, all within SoCal’s Inland Empire region. The Irvine-based real estate firm acquired three of the assets in joint venture with its long-...
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• Industrial Properties Trust Acquires 332k sf Inland Empire Facility in $28 Mil Sale/Leaseback Deal
2/19/16
Industrial Properties Trust (IPT) paid $27.9 mil for a 331.5k sf ($84/sf) industrial property in San Bernardino, in a sale/leaseback deal. The building includes 34k sf of office space in addition to its distribution and wareh...
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• Community Preservation Partners Buys 268-Unit Affordable Housing Property in Indio
2/12/16
Community Preservation Partners (CPP) has acquired Summer Field Apartments, a 268-unit multifamily property in Indio, as part of a low-income housing transaction with its parent company WNC & Associates and partner Jamboree H...
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• Orbis Real Estate Partners Start Work on Its Second Ontario Industrial Project
2/11/16
Orbis Real Estate Partners has started construction on Orbis Landing in Ontario, a three-building industrial project in Ontario. The project, situated on 5.1 acres in the 137-acre Hofer Ranch master-planned industrial park, w...
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• San Bernardino County to Hold Its Annual State of the County and Making An Impact Business Forum on April 6
2/03/16
On April 6, 2016, more than 1,000 business professionals, government leaders and community stakeholders will join together to hear the annual State of the County event, titled “Making An Impact.”
In addition to the main pro...
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• Newcastle Partners Acquires Chino Land for Industrial Facility
1/28/16
San Francisco-based Newcastle Partners acquired 3.6 acres of land in Chino for the development of a 78k sf industrial building. The property is located at 5490 Schaefer Ave, south of the 60 Fwy and east of Central Ave.
Newca...
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• Single-Tenant Property in Corona Trades for $263/sf
1/27/16
An 8k sf, single-tenant retail building in Corona traded hands for $2.1 mil, or $263/sf, as part of a 1031 exchange. The building, located at 4180 Green River Rd, south of the 91 Fwy and just west of the 71 Fwy.
The property...
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• Landmark Dividend Completes California Utility-Scale Wind Acquisition
1/25/16
Landmark Dividend LLC, a leading ground lease acquisition companies, has completed the acquisition of 2,400 acres underlying a 50 MW wind farm in Tehachapi, CA. The property, which is located in the Alta Wind Energy Center, ...
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• Logistics Firm Leases 70k sf in Riverside
1/20/16
Logistics firm NRI USA LLC inked a lease for 70k sf of distribution space in Riverside. The long-term, expansion deal is at 1350 Brown Ave, within the Agua Mansa Business Center,
The third-party warehousing and fulfillment c...
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• Passco Companies Pays $15.8 Mil for Inland Empire Shopping Center
1/12/16
Passco Companies LLC has acquired Day Creek Village, a 25k sf, neighborhood shopping center in Rancho Cucamonga, for $15.8 mil ($632/sf). The asset was sold by Day Creek Village LLC in an off-market transaction.
Day Creek Vi...
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• Inland Empire Pad Retail Asset Sells for $500/sf
12/30/15
A San Clemente-based private investor acquired a 100% leased, 4.9k sf pad building at the Montclair Promenade retail center in Montclair. The property sold for $2.45 mil ($503/sf) in a 1031 exchange transaction.
Located at...
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• Investor Picks Up Riverside Industrial Facility
12/22/15
A 64k sf industrial building in Riverside sold for $5.8 mil, or $91/sf. The property, located at 601 Columbia Ave, east of I-215 and north of the 60 Fwy, is fully leased to four tenants. The dock-high, Class A facility was co...
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• Inland Empire Neighborhood Shopping Center Sells for $12 Mil
12/21/15
San Bernardino Marketplace, a 58.7k sf, neighborhood shopping center anchored by specialty grocer, El Super, traded hands in a $12.3 mil ($210/sf) transaction. It was acquired by a Los Angeles-based 1031 exchange buyer who pu...
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• Inland Empire B of A Ground Lease Sells
12/18/15
Sariel Investments LLC, out of Los Angeles, acquired a single-tenant, Bank of America corporate ground lease in Palm Desert. The purchase price was $2.425 mil, representing a cap rate of 4.12%.
Built in 2015, Bank of America...
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• Rexford Industrial Realty Boosts SoCal Portfolio With 128k sf Inland Empire Purchase
12/16/15
LA-based Rexford Industrial Realty Inc has added another SoCal asset to its portfolio. In this latest deal, the company paid $13 mil for a 128.3k sf ($101/sf) industrial property in Ontario. The acquisition was completed with...
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• Victorville Retail Sale Sets Record for the CA’s High Desert Region
12/15/15
The Shops at Bear Valley, a 32k sf neighborhood shopping center in Victorville, sold for $9.8 mil. The four-building complex is situated on 5.81 acres at 13605 - 13631 Bear Valley Rd, south of Palmdale Rd and west of I-15.
T...
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• Capital One Provides $11 Mil in Fannie Mae Money on Riverside Manufactured Home Community
12/09/15
Capital One Multifamily Finance provided an $11 mil Fannie Mae fixed-rate loan to refinance Old Plantation Manufactured Home Community, an all-age, 223-space manufactured home community in Riverside. The proceeds of the loan ...
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• Investors Finding Safe Haven in SoCal, Single-Tenant Bank-Leased Assets
12/08/15
A 3.5k sf, single-tenant Bank of America corporate ground lease in Palm Desert traded hands in a recent $2.425 mil ($693/sf) transaction. Built in 2015, Bank of America is situated on 0.70 acres at 39355 Washington St, direct...
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• MBK Rental Living Picks Up Murrieta Land for 230-Unit Res Development
12/04/15
MBK Rental Living has acquired Mitchell Crossing, an 11.76-acre site in Murrieta, for a new residential development project. The land, located off Clinton Keith Rd and west of I-215, is already entitled for a 230-unit apartme...
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