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• Newcastle Partners Purchases 26 Acres for Riverside Spec Project
2/11/14
San Francisco-based Newcastle Partners recently acquired 25.74 acres of land in Riverside for a spec industrial development. The site is located at Opportunity Way and Meridian Pkwy, within Meridian Industrial Park.
The firm...
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• Merlone Geier Partners Spends $49 Mil on Inland Empire Power Center
2/06/14
In a notable Inland Empire retail acquisition, Merlone Geier Partners bought Vernola Marketplace, a 211k sf power center located in Jurupa Valley. The asset was purchased from a joint venture between Rockwood Capital, Equity ...
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• Progressive Real Estate Partners Completes Over 300k sf of Inland Empire Retail Deals in 2013
1/29/14
Progressive Real Estate Partners closed out 2013 having executed 109 transactions totaling over 300k sf of space in the Inland Empire for 2013. The firm, led by Brad Umansky, completed transactions with a wide variety of nati...
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• Rancho Cucamonga Industrial Property Sells for $6.5 Mil
1/24/14
A 103.2k sf industrial building in Rancho Cucamonga traded hands at a price of $6.5 mil, or about $63/sf. The freestanding R&D / Manufacturing building is situated on a 4.7-acre lot.
The property offers 40k sf of built-out ...
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• Inland Empire Power Center Fetches $54 Mil
1/22/14
Foothill Crossing, a 312.3k sf regional power center in Rancho Cucamonga, sold for $54 mil ($173/sf). The property, located at 12181-12357 Foothill Blvd, was purchased by Tivoli Square Apartments, LP, a 1031 exchange buyer.
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• Hometown America Obtains $31 Mil Loan for Inland Empire Manufactured Home Community
1/07/14
Hometown America has obtained $31.08 mil in financing for Green River Village, a 333-home manufactured home community in Corona. An HFF team, led by Zach Koucos, arranged the 10-year, fixed-rate loan through Union Bank, N.A. ...
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• Hyde & Hyde Picks Up Inland Empire Cold Storage Facility
1/06/14
Hyde & Hyde Inc purchased a 24.9k sf cold storage distribution building in Corona for $3.575 mil ($144/sf). The property, located at 1701 N. Delilah St, is situated on 1.23 acres of land and includes a state-of-the-art freeze...
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• Newcastle Partners Completes Work on 600k sf Riverside Facility
12/20/13
San Francisco-based Newcastle Partners Inc has wrapped up construction of a 600k sf, Class A distribution building in Riverside. The spec building, located at 14600 Innovation Dr within the Meridian Industrial Park, is curren...
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• Dunhill Partners Buys Riverside Retail Center for $61 Mil
12/13/13
Dunhill Partners purchased Canyon Crossings, a 300k sf, retail power center in Riverside, for $61.25 mil, free and clear of existing debt. The property was sold by Long Wharf Real Estate Partners LLC.
Canyon Crossings is l...
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• Riverside O’Reilly Auto Parts Sells for $278/sf
12/12/13
An LA-based, all-cash buyer has purchased an 11.8k sf, single-tenant retail property in Riverside for $3.285 mil ($278/sf). The property, located at 1691 University Ave, is occupied by O’Reilly Auto Parts.
Shaun Riley, senio...
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• Kearny to Develop 1.1 msf Warehouse/Distribution Facility in Moreno Valley
12/05/13
Kearny Real Estate Company has acquired a 52-acre industrial site in the Inland Empire’s Moreno Valley for $19.4 mil. The firm plans to entitle and develop a 1.1 msf, LEED-certified warehouse and distribution cross-dock build...
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• Inland Empire Health Plans Spends $51 Mil on Rancho Cucamonga Office Building
12/02/13
Inland Empire Health Plans (IEHP) purchased Atrium at Empire Lakes, a 392.7k sf office property in Rancho Cucamonga, for $50.8 mil ($129/sf) in a receivership sale. Located at 10801 E. 6th St, between Haven and Milliken Aves,...
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• Circle K Stores Gets Okay to Build Flagship Store in San Jacinto
11/27/13
The San Jacinto City Council recently approved Circle K Stores Inc's plan for the construction of its newest prototype, a flagship store to consist of a 4.5k sf convenience store offering fresh food, a Mobil gas station with ...
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• Former Inland Empire Big Box to Be Converted into an Office Building
11/14/13
A 35.6k sf freestanding building in San Bernardino was purchased by MTK SoCal Investments LLC for $4.6 mil ($129/sf). The property, located at 1094 South E St, is a former big box property that will be converted by the buyer ...
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• Palm Springs Auto Zone Property Trades for $2.33 Mil
11/06/13
A private investor paid $2.335 mil for a 5.4k sf ($432/sf), single-tenant AutoZone property in Palm Springs. Located at 1717 East Vista Chino, the AutoZone is situated on 1.50 acres and was built in 1980. The buyer was in a ...
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• Optimus Building Corporation Sells Seven Buildings at Corona Medical/Office Park
11/06/13
Optimus Building Corporation recently sold seven professional and medical office condominium buildings, totaling 127.8k sf, at Corona Corporate Centre in deals worth a combined $18.6 mil. Twenty separate buyers, which include...
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• Holualoa Buys in Montclair
11/04/13
Montclair Business Center, a seven-building, light industrial, office and showroom business park totaling 96.4k sf in Montclair was acquired by Holualoa Montclair Business Center LLC for $8 mil ($83/sf). Built in 1980, the ce...
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• Monet Fetches $13.2 Mil
10/22/13
Fit Development LLC, out of Sacramento, has purchased The Monet at Victoria Gardens Mall, a fully occupied, 31.4k sf retail center in Rancho Cucamonga. The property, located at 12455 Victoria Gardens Lane, fetched $13.2 mil (...
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• Fontana Land Acquired for Development of 350k sf Industrial Project
10/15/13
REDA Bascom Ventures, a joint venture between Newport Beach-based, has acquired 16 acres of development land in Fontana.
The property, located at 11100 Hemlock Ave, was excess land adjacent to the JM Eagle Fontana manufactu...
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• Centers Dynamic Lands New Financing for Portion of Ontario Retail Center
10/11/13
Centers Dynamic Inc has obtained a $9.2 mil bridge loan to fund the purchase of a vacant 45.7k sf Albertsons and refinance the debt on the existing inline space at Grove Plaza, a neighborhood shopping center in Ontario. The n...
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