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• Barrette Outdoor Living Buys Riverside Industrial Property
7/01/15
In a recent industrial sales deal from the Inland Empire, Barrette Outdoor Living acquired a 97.9k sf industrial facility and a 1.49-acre parcel of unimproved land in Riverside. The property, located at 1151 Palmyrita Ave, wa...
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• Third Building in Corona Industrial Redevelopment Project Sells
6/29/15
The third building in a Corona industrial redevelopment project has been sold, as R.W. Brown paid $8.7 mil for a 77.7k sf ($112/sf) structure within CT Realty’s four-building Magnolia Point project. The structure, known as Bu...
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• First Industrial Realty Adds to Its Inland Empire Portfolio with 171k sf Purchase
6/23/15
First Industrial Realty Trust Inc has purchased First Sycamore Springs, a newly constructed, 171.6k sf building in Riverside, for $14.8 mil ($86/sf). The building, which is located at 6150 Sycamore Canyon Blvd, is fully occup...
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• Wohl Spends $4.5 Mil on Inland Empire Incubator Biz Park
6/18/15
Wohl Investment Company recently purchased Airport Wineville Business Park, a 53.9k sf business park in the Inland Empie city of Ontario, for $4.5 mil ($83/sf). The park, situated on 3.6 acres at 5140 Airport Dr and 151-181-2...
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• Inland Empire Retail Center Trades for Nearly $600/sf
6/17/15
Rancho Plaza, an 11.7k sf retail center in Rancho Cucamonga, sold for $6.8 mil ($581/sf). Located at 8678 19th St, the center is adjacent to the heavily traveled I-210 Fwy and directly across from a Vons and Rite Aid anchore...
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• TIAA-CREF and Hillwood Investment Properties Award Leasing Assignment for Inland Empire Ind Project to Lee & Associates
6/11/15
TIAA-CREF has awarded the leasing assignment for I-10 Redlands Logistics Center, a 1.1 msf industrial complex currently under development in Redlands, to the Ontario office of Lee & Associates. The project, located at the sou...
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• Temecula Office Property Purchased for $92/sf
6/11/15
The Stewart Group LLC paid $3.38 mil for a two-building, 36.9k sf ($92/sf) office property in Temecula. The property was 75% leased at close of escrow with a closing cap rate of approximately 7%.
Built in 1986 and 1988, the ...
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• Inland Empire Retail Asset Changes Hands at a Price of $97/sf
6/10/15
El Rey Properties LLC, out of Newport Beach, spent $5.8 mil on a single-story 59.9k sf ($97/sf) former Mervyn's building at Ridgecrest Town Center in the city of Ridgecrest. The seller was China Lake 700 LLC.
Built in 1987,...
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• Construction Starts on Spec Inland Empire Facility
6/08/15
Ridge Development has begun construction on the first building in a planned two-building, Inland Empire project owned and managed by Indianapolis-based Duke Realty Corp. The development, Duke Perris Logistics Center, is locat...
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• Owner/User Spends $20 Mil on Corona Industrial Facility
6/04/15
In an owner/user buy in the Inland Empire, Amrapur Overseas Inc has purchased a 201.3k sf industrial building at Magnolia Point in Corona for $20.1 mil ($100/sf). The Class A warehouse/distribution facility is located at 1560...
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• SR Commercial Completes Trio of SoCal Transactions
6/03/15
SR commercial recently wrapped up three SoCal deals, two acquisitions and a sale. The properties involved are located in Temecula, Sorrento Valley and Vista.
In Temecula, SR Commercial paid $6.975 mil for a 100.6k sf ($69/sf...
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• Seven Retailers Sign at New Hesperia Shopping Center
5/28/15
Pacific/Lewis Properties has signed seven new leases totaling 19.6k sf at The Marketplace on Main shopping center in Hesperia. The recently opened Wal-Mart-anchored center is located at 13401 Main St, at the southeast corne...
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• Rudolph Foods Co Buys 128k sf Inland Empire Distribution Facility
5/28/15
Rudolph Foods Co Inc closed on a $6.3 mil purchase of a 127.7k sf ($49/sf) industrial building in the city of Beaumont. Located at 920 Fourth St, within the Beaumont Logistics Center, the facility was sold by CT Realty.
The ...
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• Fresh & Easy-Anchored Center in Palm Springs Sells for Over $10 Mil
5/27/15
A private investor in a 1031 exchange paid $10.2 mil for Sunrise Center, a 49k sf ($206/sf) Fresh & Easy Market-anchored shopping center in Palm Springs. The purchase was financed with a $7.1 mil loan arranged by Marcus & Mil...
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• National Stores Inks $26 Mil Distribution Facility Lease in the Inland Empire
5/21/15
National Stores Inc has relocated its regional distribution operations from San Diego to the Inland Empire. The company recently signed a 10-year lease for a new, 579.7k sf distribution building in Perris in a deal worth $26 ...
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• Riverside Office Campus Fetches $10 Mil
5/20/15
Stillwater Investment Group LLC paid $9.9 mil for Mission Lakes, an 82k sf ($121/sf) office complex in the city of Riverside. The seven-building asset was sold by an unnamed investor based out of New York who specializes in b...
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• Signature Behavioral Healthcare Buys Seven-Acre Dev Site in Riverside County
5/18/15
Signature Behavioral Healthcare, a provider of behavioral health care services, acquired seven acres at the March LifeCare Medical City in Riverside County, marking the first investment in the future 6 msf health and wellness...
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• La Quinta Bank Branch Property Sells for $500/sf
5/14/15
Izumi Trust paid $1.7 mil, all-cash for a 3.4k sf ($500/sf) bank branch in La Quinta occupied by Provident, with four years remaining the lease term. The property closed at a cap rate of 5.12 percent.
Located on Hwy 111 and ...
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• Inland Empire Enjoying Robust Retail Growth
5/12/15
2015 is already shaping up to be a robust year of retail expansion in San Bernardino County as national retailers seek out quality space and developers continue to build new centers to accommodate ongoing population growth.
...
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• Newcastle Partners Buys 8.2-Acre Riverside Site for Development
5/04/15
San Francisco-based Newcastle Partners Inc has acquired 8.21 acres of land for development in the County of Riverside. The firm will develop Harley Knox Logistics Center, a 140k sf industrial facility. The site is located wit...
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