| Real Estate Development Associates LLC and Clarion Partners-Led Fund Land $210 Mil in Construction Money for Ontario Industrial Development
A joint venture between Newport Beach-based Real Estate Development Associates LLC and an industrial fund managed by Clarion Partners LLC has obtained $210 mil in construction financing for the development of the first phase ...
| Interwest Capital Group Spends $45 Mil on 142-Unit Inland Empire Res Community
San Diego-based Interwest Capital Group paid $45.6 mil for ReNew Mills, a 1980’s built 142-unit multifamily community in Ontario. Located at 551 East Riverside Dr, adjacent to the Ontario Ranch master-planned community, the p...
| Moreno Valley Retail Asset Generates $21 Mil Sale
Moreno Beach Plaza II, an 82.3k sf retail center in Moreno Valley, traded hands in a recent $21 mil ($255/sf) deal. The property, located at 27610 Eucalyptus Ave, consists of three single-tenant parcels, a multi-tenant pad bu...
| Mammoth Lakes Retail Property Gets New Owner in $8.9 Mil Deal
Mammoth Main Street Promenade, a 42.8k sf shopping center located in the heart of Mammoth Lakes, CA, was purchased for $8.85 mil ($207/sf) by an OC-based 1031 exchange investor.
Built in 1988, Mammoth Main Street Promenade i...
| Inland Empire Cardenas Market Trades at 4.74% Cap Rate
A 43.4k sf, single-tenant net-leased investment occupied by Cardenas Markets in San Bernardino sold for $8.23 mil ($190/sf). The building, located within the fully leased Sterling Plaza shopping center in San Bernardino, trad...
| Ontario Res Community Trades for $434k/Unit
Charlmont Village Townhomes, a 55-unit property in Ontario, was acquired by a private investment group from Beverly Hills for $23.9 mil, or $434.5k/unit. The property was nearly 100% occupied at time of sale.
Built in 1984,...
| Red Mountain Group Closes $42 Mil Retail Buy in the Inland Empire
In a SoCal retail buy, Red Mountain Group purchased Country Fair Shopping Center, a 168.3k sf, multi-tenant neighborhood shopping center in Chino, for $42.25 mil, or $251/sf. The property was sold by a publicly traded real es...
| Nova Storage Buys 55k sf Inland Empire Facility
Nova Storage has boosted its portfolio with the recent purchase of Ballpark Self Storage, a 55.5k sf storage facility located in Adelanto, a city roughly 40 miles north of San Bernardino in the Inland Empire. Nova is a region...
| Dunleer Spends $2.3 Mil on Development Land in the Inland Empire
In Inland Empire development news, Dunleer has acquired a 4.6-acre land parcel located at the southeast corner of Cajon Blvd and June St in San Bernardino. Dunleer paid $2.275 mil for the site and plans to entitle it for a co...
| Rexford Industrial Realty Closes on Six SoCal Acquisitions Totaling $152 Mil
Rexford Industrial Realty Inc recently wrapped up acquisitions of six industrial properties for an aggregate purchase price of $152.7 mil. The purchases, all off-market, were funded using a combination of cash on hand and the...
| Inland Empire Strip Center Gets New Owner in Private Investor Exchange Deal
In a retail sales comp from the Inland Empire, Golden Sands Plaza, a 10.1k sf property in San Bernardino, sold for $1.1 mil, or $109/sf. The property, located at 1090 W Highland Ave, is considered a value-add opportunity.
| Duke Realty Leases Two SoCal Facilities in Deals Totaling 321k sf
Duke Realty Corporation recently inked leases totaling 321.2k sf for two of its Inland Empire distribution facilities. In one of the deals, Universal Shipping Inc, a RAK Logistics company, pre-leased a 148.1k sf spec facility...
| Tower Investments Pays $124.5 Mil for Nut Tree Retail Center in Vacaville
Nut Tree, a 370.1k sf Best Buy, T.J. Maxx, Nordstrom Rack-anchored regional center located in Vacaville, was acquired by NoCal-based Tower Investments for $124.5 mil, or $336/sf.
Located at 1621 E. Monte Vista Ave, Nut Tre...
| Inland Empire Retail Property Goes to L.A. Buyer after $10 Mil Trade
World Plaza, a 55.8k sf, multi-tenant retail property in San Bernardino, was acquired by an L.A.-based private investor for $10 mil, or $179/sf. The seller was Presidio Property Trust Inc, an internally managed, diversified r...
| Inland Empire Distribution Facility Purchased for $92 Mil
Val Verde Logistics Center, a recently completed 289.4k sf spec distribution building in Riverside County was acquired by an unnamed investor in a $92 mil ($318/sf) transaction. The facility, completed in October 2021, is ful...
| SoCal Office Markets Seeing Flight to Low-Mid-Rise Buildings
This report provided by NAI Capital Commercial
As tenants renewing leases question what type of space and how much they’ll truly need, a flight to low-mid-rise office building space is playing out in Southern California mark...
| Rexford Industrial Realty Closes $83 Mil in SoCal Industrial Buys
Rexford Industrial Realty acquired of four SoCal industrial properties for combined price of $82.7 mil. The purchases were funded using a combination of cash on hand, operating partnership units, proceeds from forward equity ...
| Nordstrom Rack Inks Anchor Lease at Riverside Retail Center
Nordstrom Rack inked a lease for a 30k sf anchor space at the 183k sf Canyon Springs Marketplace in Riverside. The center, located at 2660 Canyon Springs Pkwy, already includes such retailers as Marshalls, Old Navy, Petco, Bi...
| CapRock Partners Starts Work on Phase 1 of Large-Scale Industrial Project in Norco
CapRock Partners is underway on the construction of Phase I of Palomino Ranch, a large-scale, state-of-the-art master-planned industrial warehouse development in Norco. The development will consist of 2 msf of space across 24...
| Rexford Industrial Realty Spends $65 Mil on Four SoCal Properties
Rexford Industrial Realty closed on the purchase of four SoCal industrial properties totaling 150.7k sf for $65 mil. The assets, located in Van Nuys, Carson, Vernon and Oceanside, were sold by New York-based New Mountain Capi...