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June 16, 2024
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INLAND EMPIRE NEWS
Archive
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• Chino Designated as One of the Top Ten “Boomtowns” in the Nation
12/15/22
The City of Chino has been recognized as a "Boomtown," which means it is one of the top ten fastest growing cities in the nation. SmartAsset.com reviewed the data for 494 of the largest cities in the United States, measuring ...
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• Adjacent Single-Tenant Retail Properties in Riverside Trade in $4.22 Mil of Deals
12/12/22
Two adjacent single-tenant retail properties in downtown Riverside were purchased by private investors in separate deals totaling $4.22 mil. The buildings, located at 3940 and 3980 University Ave, have a combined 5.75k sf of ...
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• Inland Empire Industrial Facility Acquired for $59 Mil by Ares Management Fund
12/12/22
A 205.6k sf industrial building in the Inland Empire city of Perris was purchased for $59.275 mil ($288/sf) by a fund managed by Ares Management. The facility is fully leased to GPA Logistics. Built in 2022, the facility is...
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• Inland Empire Distribution Facility Trades in $220 Mil Deal
12/06/22
A 760k sf warehouse facility in the western Inland Empire city of Eastvale traded in a $220 mil ($290/sf) transaction. The property, situated on roughly 43 acres at 13000 Mission Blvd, was purchased by New Jersey-based NFI In...
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• Private Investor Spends $11.25 Mil on Palm Springs Affordable Housing Community
11/28/22
Sunnyview Villa Apartments, a 44-unit garden-style multifamily community in Palm Springs, was purchased by a California-based affordable housing investor for $11.25 mil ($255.7k/unit). Built in 1980, the property is located a...
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• Westport Properties to Develop 100k sf Inland Empire Industrial Facility
11/22/22
Westport Properties plans to build a 99.9k sf, Class A industrial building in the Inland Empire city of Perris. The company acquired the land in September 2022. It is located at the corner of Ramona Expy and Brennan Ave. W...
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• Fully Leased Neighborhood Center in Chino Goes for $8.4 Mil
11/18/22
Chino Village, a 20.6k sf neighborhood retail center in Chino, sold for $8.4 mil. The sale included approximately 2.5 acres of undeveloped land with flexible zoning. Built in 1984, Chino Village is 100% leased. It is locate...
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• Dunleer Spends $8 Mil for 43k sf of Industrial Space in the Inland Empire
11/10/22
Dunleer has acquired 11 industrial buildings totaling 43.4k sf of space in Upland for $8 mil ($184/sf). The buildings are situated on three separate parcels across 3.13 acres at 928, 1004 and 1024 9th St, within the Inland Em...
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• Target Leases Former Kmart Space in Ontario
11/10/22
Retailing giant Target has inked a lease for 70k sf of space at 1670 E. Fourth St in Ontario. The location is within the 151k sf, freeway adjacent Vineyard Freeway Center. Target’s space is part of a 94k sf, former Kmart st...
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• Planned Inland Empire Truck Terminal Project Lands $25 Mil in Construction Money
11/10/22
A Los Angeles real estate firm has secured $25 mil in construction money for the development of a 53.3k sf, Class A truck terminal situated on 10.5 acres in Perris. The unnamed borrower has specialized in entitling, developin...
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• The Roxborough Group LLC and Cress Capital Pick Up 100k sf Inland Empire Facility
10/27/22
A 100.6k sf industrial building in Chino was acquired by affiliates of The Roxborough Group LLC in partnership with Cress Capital. The facility, constructed in 2002, is located at 4331 Eucalyptus Ave, north of Chino Hills Pkw...
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• California’s Inland Empire Home to Nation’s “Youngest” Warehouse Inventory
10/25/22
This report provided by CBRE The advanced age of U.S. warehouses – 43 years on average – is continuing to spur record construction activity as big e-commerce and retail distributors demand larger, more modern facilities, acc...
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• Two Outparcels to Chino Retail Center Trade in Deals Worth Over $6 Mil
10/21/22
Two single-tenant retail properties that are outparcels to Country Fair Shopping Center in Chino were purchased by private investors in separate deals totaling $6.17 mil. The sales included quick-service-restaurant assets occ...
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• JRK Property Holding Buys Palm Springs Resort Property
10/21/22
JRK Property Holding has acquired the 179-room Ace Hotel & Swim Club Palm Springs in Palm Springs, CA from an affiliate of GFI Capital. JRK purchased the resort through its $350 mil Hospitality Fund, which focuses on cash-f...
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• Fitness 19 Leases 20k sf Inland Empire Retail Space
10/06/22
Fitness 19 has leased a 20.1k sf space in the Stater Bros-anchored Loma Linda Plaza in the Inland Empire city of Loma Linda. The property is located at 25586 Barton Rd, south of I-10 and east of I-215, next to the Veterans Ad...
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• USAA Real Estate and McDonald Property Group Break Ground on 1.8 msf Distribution Center in Beaumont
10/04/22
USAA Real Estate and McDonald Property Group have broken ground on a 1.8 msf distribution center for United Legwear & Apparel Company LLC (ULAC) in Beaumont, CA. ULAC specializes in legwear, bodywear, apparel, and accessorie...
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• Three Retail Properties in the Inland Empire Sold for $17.3 Mil
9/30/22
Three retail properties that are outparcels to French Valley Marketplace in French Valley, CA traded hands in a recent $17.3 mil deal. The three properties total 32.7k sf of space and include a Grocery Outlet, a Rite Aid, and...
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• IDS Real Estate Group Acquires 1.17 msf Cold Storage Facility in Riverside
9/27/22
IDS Real Estate Group has obtained $124 mil in post-close acquisition financing for 14950 Meridian Parkway, a 1.17 msf cold storage facility the firm purchased in Riverside. The property is 100% leased to United Natural Food...
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• Kalaveras Buys 8.9k sf Inland Empire Restaurant Property
9/26/22
Kalaveras, a SoCal-based Mexican restaurant chain, has purchased a fully equipped restaurant in Moreno Valley for $2.785 mil. The 8.9k sf ($313/sf) building, located at 23060 Alessandro Blvd, was previously home to a Woody’s ...
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• Private Investor Pays $463/sf for Riverside Retail Property
9/16/22
A 10.4k sf, neighborhood retail shopping center in Riverside traded hands for $4.825 mil, or $463/sf. The property, Centerpointe Plaza, is located at 3225 Market St, at the intersection of Riverside's primary thoroughfares: M...
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