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• Four Inland Empire Car Wash Properties Trade in Separate Deals
8/29/24
Four Inland Empire, non-operating car wash properties were purchased for an undisclosed price by three different Southern California-based private investors in four separate transactions. The properties are located in Apple V...
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• Riverside Chipotle-Anchored Asset Sells for $927/sf
8/20/24
A Los Angeles-based 1031 exchange investor purchased a recently constructed, three-tenant net-leased investment anchored by a Chipotle Mexican Grill with a drive-thru “Chipotlane” in Riverside. The 6.3k sf property, which tra...
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• New $54 Mil School Campus Completed in Riverside County
8/12/24
The Menifee Union School District’s newest campus, the Sally Buselt Elementary School, is now open for business. The all new $54.5 mil K-5 elementary school will serve up to 600 students residing in Riverside County. The proj...
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• Simpler Space Leases Full Floor at Chino Office Building
8/05/24
SimplerSpace has opened a coworking location in the Inland Empire city of Chino. The new space occupies the entire 13.5k sf fourth floor at 14726 Ramona Ave. It has more than 50 offices/suites.
This newest location adds anot...
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• Inland Empire EoS Fitness Property Goes for $350/sf
8/02/24
A SoCal investor in a 1031 exchange paid $13.3 mil for a newly developed EoS Fitness property in French Valley, a city within the greater Temecula market in south Riverside County. The 38k sf ($350/sf) building is situated on...
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• New York Firm Buys 726-Unit Inland Empire Self-Storage Property
8/01/24
Merit Hill Capital purchased Bear Valley RV Park and Self Storage, a 726-unit self-storage facility in the Inland Empire community of Hesperia. Merit Hill is a real estate investment firm based in Brooklyn, NY that is focused...
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• Retail Strip Center in Downtown Riverside Goes for $500/sf
8/01/24
An OC-based private investor paid $3.65 mil for a 100% leased, 7.3k sf ($503/sf) retail strip center located at 3948-3964 University Avenue in Downtown Riverside.
The strip center was recently remodeled and is home to six di...
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• Western National Property Management Awarded 330-Unit Assignment in Palm Desert
7/26/24
Metonic Real Estate Solutions has awarded Western National Property Management (WNPM) the assignment to manage Millennium Apartments, a 330-unit luxury multifamily apartment community in Palm Desert, CA.
Ideally situated ami...
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• Dedeaux Properties and Basis Investment Group Buy Fee Simple Land Interest Under Rialto Warehouse Project
7/26/24
Dedeaux Properties and joint venture partner Basis Investment Group have acquired the fee-simple interest in the land under Rialto Village, its recently completed 83.3k sf high velocity warehouse building in Rialto, for $12.8...
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• 1,000-Unit Res Portfolio Lands $128 Mil Refinancing
7/23/24
San Diego-based Tower 16 Capital Partners has secured a $128 mil refinancing of a four-property multifamily portfolio comprising nearly 1,000 units across California and Arizona. The new fixed-rate agency loans feature five-y...
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• Overton Moore Properties Buys 104k sf Inland Empire Industrial Facility
7/12/24
Overton Moore Properties purchased a 104.5k sf, Class A industrial building in San Bernardino from Bixby Land Company. The fully leased property is located at 19949 Kendall Dr, adjacent to I-215 just northwest of California S...
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• Chick-fil-A Sale in Murrieta Closes at 3.9% Cap Rate
6/25/24
A private investor paid $6.15 mil for a ground leased property occupied by a 5k sf Chick-fil-A restaurant in Murrieta. The new construction property is located at 27960 Clinton Keith Rd, adjacent to the east side of I-215. It...
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• AO Wins Multiple Awards at PCBC Gold Nuggets Ceremony
6/21/24
Architecture firm AO was a multiple-award winner at the recent PCBC Gold Nugget Awards ceremony, held at The Westin Resort in Anaheim.
The Gold Nugget Awards, which debuted in 1963, is the oldest and most prestigious desig...
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• Commercial Real Estate Financing Briefs
6/20/24
MARCUS & MILLICHAP CAPITAL CORPORATION -- Michael Derk and Paul Bitonti with Marcus & Millichap Capital Corporation arranged a $12.5 mil refi loan on a medical office building located in La Paz Plaza in Mission Viejo. La Paz ...
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• Commercial Real Estate Financing Briefs
6/13/24
CUSHMAN & WAKEFIELD EQUITY, DEBT & STRUCTURED FINANCE -- Rob Rubano, Brian Share, Max Schafer, Lars Weston and Billy Coyle with Cushman & Wakefield secured $64.1 mil in financings for the acquisition of a Class A industrial p...
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• SoCal Industrial Portfolio Sold in Two Transactions Totaling $74 Mil
6/11/24
A portfolio consisting of two industrial properties spanning six buildings and 387.5k sf of space in the SoCal cities of San Marcos and Temecula was acquired by different buyers in separate deals that totaled $74 mil.
One o...
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• Logistar Leases 146k sf Inland Empire Industrial Property
6/10/24
Logistar Inc leased a 146.8k sf distribution facility in the city of Ontario. The property is located at 5700 E. Airport Dr, within the larger, 250.2k sf Airport Distribution Center.
Designed to meet the needs of modern dis...
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• Work Finished on New $38 Mil STEM Building on Menifee Campus of Mt. San Jacinto College
6/05/24
Construction has been completed on a new two-story STEM building on the Menifee campus of Mt. San Jacinto College. The $38 mil, state-of-the-art building, which broke ground in May 2022, was designed by DLR Group and built by...
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• Construction Started on California’s First Man-Made Surf Wave Resort
6/03/24
Beach Street Development & Operations has begun construction on its DSRT Surf Resort. This 17-acre AO-designed destination in Palm Desert will be California’s first facility to offer man-made surf waves open to the public. Th...
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• Commercial Real Estate Financing Briefs
5/28/24
CBRE CAPITAL MARKETS - Mark McGovern, Brian Cruz, Morgon Fraser and Colby Matzke with CBRE Capital Markets' Debt and Structured Finance team secured a $22.65 mil refi loan on Fiesta Plaza, a 187.3k sf, grocery-anchored retail...
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