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• Investor Pays $5.5 Mil for Upland Medical Office Property
2/27/15
Alta Medical Center, a 24.2k sf medical office property in Upland, was purchased in a $5.5 mil ($227/sf) deal. The building, located at 1113 Alta Ave, was bought by Elat Properties.
Built in 1989, Alta Medical Center is curr...
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• Allen Distribution Leases 1.28 msf of Space from Prologis
2/24/15
Allen Distribution, a third-party logistics provider, recently inked three leases totaling 1.28 msf in the Ontario area. The buildings are owned by Prologis and located within Prologis’ West Inland Empire portfolio of propert...
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• Murrieta Industrial Incubator Property Sells for Near $100/sf
2/24/15
A private investor spent $3.85 mil on a two-building 41.5k sf ($93/sf) industrial incubator property in Murrieta. The deal had a closing cap rate of 4.74%.
Built in 2002, and located at 26398 Deere Court and 41571 Corning Pl...
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• Rexford Industrial Spends $29 Mil on Three SoCal Light Industrial Properties
2/23/15
LA-based Rexford Industrial LLC has closed on another SoCal industrial buy, paying $28.9 mil for a three-building, light industrial portfolio totaling 343.4k sf of space in the Inland Empire and LA’s Mid-City area. The fully ...
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• Summit Development Corporation Lands $5 Mil in Joint Venture Equity for Riverside Development Project
2/20/15
Summit Development Corporation, out of Newport Beach, has obtained $5 mil of joint venture equity capital for the re-entitlement of 76 net acres of land in the Inland Empire. The parcel is located in Western Riverside County ...
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• CapRock Partners to Build 178k sf Distribution Project in Colton
2/12/15
Plans for a new 178k sf Inland Empire distribution project are underway, following CapRock Partners recent purchase of 8.5 acres of unimproved land in the city of Colton. During the escrow period, CapRock completed entitlemen...
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• Bernards Lands Two New Inland Empire Community College Construction Projects
2/11/15
Bernards was recently awarded two significant community college building projects in the Inland Empire. One of the projects is the new, $21.8 mil Crafton Center at Crafton Hills College for San Bernardino Community College Di...
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• Westcore Properties Spends $17 Mil on Inland Empire Facility
1/28/15
Westcore Properties has completed the purchase of a 260k sf industrial building in the Inland Empire submarket of Moreno Valley for $17 mil, or about $65/sf. Located at 17101 Heacock St, on the March Air Reserve Base, the bui...
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• Fontana Retail Center Sells for $368/sf
1/28/15
A private investor out of Riverside paid $2.65 mil in an all-cash deal for a 7.2k sf ($368/sf) retail center in Fontana. The fully leased center is located at 17218 Foothill Blvd, south of the 210 Fwy between Sierra and Alde...
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• Prologis Signs Keeco to New 677k sf Inland Empire Facility
1/26/15
Demand for modern distribution space in the Inland Empire remains strong. In a recent example, Keeco LLC signed a 10-year lease with Prologis for a 677.2k sf industrial facility that is still under construction. The facility,...
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• Inland Empire Retail Center Trades for Over $23 Mil
1/23/15
In a recent Inland Empire retail buy, IRA Capital Advisors LLC purchased Upland Town Square, a 100.4k sf shopping center in Upland, from NMC Upland for $23.75 mil ($237/sf). The property is located at 813-913 W. Foothill Blvd...
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• Stillwater Investment Group Wraps Up Value-Add Office Buy in Ontario
1/16/15
OC-based Stillwater Investment Group recently closed on a value-add office buy in the Inland Empire. The company picked up a two-story, 34.5k sf building in Ontario. It was sold by Rialto Capital for $2.35 mil ($68/sf).
Buil...
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• Telebrands Leases New 381k sf Inland Empire Facility
1/13/15
We just learned of a large industrial lease comp out of the Inland Empire. Telebrands Inc, a seller of household goods, inked a lease for a new, 381.3k sf facility in Jurupa Valley. The five-year deal is said to be worth abo...
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• 78k sf La Quinta Retail Center Sold
1/13/15
Komar Desert Center, a 77.5k sf, neighborhood retail center in La Quinta, was acquired free and clear of debt by an affiliate of Capital Square Realty Advisors LLC. The property was sold by AEW Capital Management L.P and its ...
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• Cathedral City Retail Center Sells for Over $9 Mil
1/06/15
Ramon Plaza, a 70.1k sf retail property in Cathedral City, sold for $9.15 mil ($131/sf). This was the first time Ramon Plaza was on the market in over 27 years.
Ramon Plaza is located at 68100 Ramon Rd, just east of Palm S...
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• Business Finance Capital is Second Ranked SBA 504 Loan Provider in LA County, Orange County and Inland Empire Regions
12/30/14
Business Finance Capital (BFC) of Los Angeles is the second ranked provider of direct Small Business Administration 504 program loans in the Los Angeles County, Orange County and Inland Empire regions based on total dollar am...
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• Temecula Industrial Building Trades in $2.8 Mil Deal
12/30/14
A 24k sf, industrial building in Temecula sold for $2.8 mil ($117/sf). The building, located at 41973 Remington, west of I-15 and north of Winchester Rd, was sold by Legacy Corporate Center.
Built in 2006, the single-story b...
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• Newmark Realty Capital Arranges Refi Deals on Two SoCal Retail Centers
12/29/14
In SoCal retail financing news from the fourth quarter of 2014, Newmark Realty Capital Inc assisted with the refinancing of two shopping centers, including the coordination of a defeasance process for one of the original loan...
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• La Quinta Medical Office Building Fetches $25 Mil
12/16/14
In a recent SoCal medical office building acquisition, La Quinta Medical Center was purchased by a large real estate investment trust that specializes in the healthcare sector. The two-story, 41.6k sf property, located at 476...
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• Stirling Capital Investment to Begin Construction of 450k sf Industrial Facility in Victorville
12/10/14
The City of Victorville has approved entitlements for Stirling Capital Investment to begin development of a new, 450k sf industrial building on 22 acres at the Southern California Logistics Airport (SCLA). The new industrial ...
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