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• Private Investor Pays $4.6 Mil for Corona Retail Asset
10/10/13
Green River Promenade, a 42k sf retail center in Corona, traded hands at a price of $4.6 mil ($110/sf). Located at 4300 Green River Promenade, west of the 71 Fwy on the south side of the 91 Fwy, the asset was acquired by Coro...
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• Murrieta Self-Storage Property Sold by First Citizens Bank & Trust Company
10/01/13
Guava Street Storage, a bank owned self-storage property in Murrieta, sold for $2 mil. The property, formerly known as 1st Choice Self Storage, was sold by First Citizens Bank & Trust Company.
The property, built in 2007, co...
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• MG Properties Spends $42 Mil on Upland Multifamily Asset
9/30/13
In a recent institutional-quality multifamily buy out of the Inland Empire, MG Properties purchased the Stoneridge Apartments, a 300-unit multi-family community in Upland, for $42 mil ($140k/unit). The property was sold by Ir...
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• Riverside LA Fitness Property Sells for $13.9 Mil
9/27/13
Cole Credit Property Trust IV Inc purchased LA Fitness Riverside, a newly-expanded, 49.7k sf fitness center in Riverside, for $13.88 mil ($279/sf). It was sold by Westminster Arlington LLC, a wholly-owned entity of Westminste...
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• Temecula Retail Center Acquired by Pathfinder Partners in Two Transactions
9/20/13
San Diego-based Pathfinder Partners LLC purchased Bel Villaggio I and II and Bel Villaggio III, two specialty retail centers in Temecula, in separate deals totaling nearly $18.5 mil. Built in phases from 2002 to 2005, Bel Vil...
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• Investors Spend $20 Mil on Two Riverside Retail Centers
9/18/13
Two Riverside retail centers sold in recent deals totaling more than $20 mil. The properties, Michaels Plaza and Stater Bros Plaza, contain a combined 122k sf of retail space.
In one of the transactions, The Krausz Companies...
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• State of CA Inks Build-to-Suit Lease for New Testing Facility in Fontana
9/17/13
The State of California signed off on a 20-year lease with Beverly Hills-based DW Development for a 7.4k sf build-to-suit building on approximately six acres of land in Fontana. The total consideration of the lease, consistin...
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• Alere Property Group Picks Up 1.1 msf of Inland Empire Industrial Space
9/13/13
Alere Property Group LLC closed on a large Inland Empire industrial acquisition, purchasing two Class A industrial buildings totaling 1.1 msf in Rialto. The buildings, Rialto Commerce Center II and III, are located at 120 Sou...
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• Rancho Cucamonga Building Picked Up by Investor for Over $9 Mil
9/12/13
A 138.6k sf industrial building in Rancho Cucamonga sold for $9.2 mil ($66/sf). Built in 1984, the property is located at 10401 7th St, west of Haven Ave and south of Foothill Blvd. It was fully leased at the time of sale.
J...
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• Rancho Mirage Property Leased to Union Bank Sells for $850/sf
9/05/13
A private investor paid $6 mil for a 7k sf ($857/sf) property in Rancho Mirage net-leased to Union Bank. The buyer paid all cash.
Located in the heart of the Palm Springs Valley, the Union Bank is positioned off Hwy 111. The...
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• KB Homes Buys 40 Acres in Eastvale
8/29/13
KB Home has acquired 40 acres of land in the Inland Empire city of Eastvale, roughly 15 miles west of Riverside, from Irvine-based Stratham Communities. The purchase price was not disclosed.
Located at the northwest corner ...
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• Housing Market Rebirth Spurs Leasing in the Inland Empire
8/28/13
Here’s a mid-year review of the Inland Empire office market, provided to us by Marcus & Millichap, the national real estate investment services firm. This summary is pulled from the firm’s quarterly Office Research / Market O...
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• SR Commercial Picks Up Two More SoCal Industrial Assets
8/27/13
SR Commercial has acquired two SoCal industrial properties totaling 82.5k sf in recent deals totaling $4.4 mil. With these purchases, the company has added about $60 mil in properties to its portfolio over the last 24 months....
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• Chinese Private Investor Spends Nearly $18 Mil on Redlands Retail Asset
8/21/13
In a recent retail buy from Riverside County, a Chinese private investor paid $17.7 mil for a 97k sf ($182/sf) portion of the Pavilion at Redlands shopping center in Redlands. The property, situated on 7.92 acres at 2054-1094...
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• SoCal Investors Trade 347-Unit Rialto Apartment Community
8/20/13
Orchard Heights, a 347-unit apartment community in the city of Rialto, recently traded hands at a price of $26.1 mil, or $75.2k/unit. The property is located at 200 South Linden Ave, south of Arrow Blvd and west of Cedar Ave....
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• New 298-Unit Ontario Res Development to Get Underway in Early 2014
8/19/13
Here’s the scoop on a major res development set to get underway in Ontario in early 2014. The Picerne Group has announced plans for a Class A, 298-unit apartment community at East 4th St and Haven Ave. The highly desirable lo...
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• CT Realty Investors Picks Up Leased 138k sf Facility in Rancho Cucamonga
8/14/13
CT Realty Investors has purchased a 138.6k sf industrial property in Rancho Cucamonga for $9 mil ($65/sf). The property, located at 10401 Seventh St, north of I-10 and just west of Haven Ave, was sold by Waitex International...
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• Work Completed on New 600k sf Beaumont Distribution Facility for ICON Health
8/12/13
CT Realty Investors and ICON Health & Fitness have completed construction of ICON’s new distribution building in Beaumont. Located at 630 Nicholas Rd, the 600k sf facility is the largest building ever to be constructed in the...
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• Chinese Investors Like My Big Fat Greek Restaurant
8/09/13
Two free-standing, single-tenant retail properties in SoCal that are occupied by My Big Fat Greek Restaurant traded hands in deals totaling $3.7 mil. The properties, located in Temecula and LaVerne, were sold in a pre-sale st...
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• Mountain Real Estate Capital and Warmington Residential Form Partnership
8/08/13
Mountain Real Estate Capital (MREC) and Warmington Residential have formed a partnership to acquire and develop 48 lots located within the prestigious Stellan Ridge community in Riverside. This is the first venture between MR...
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