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Sample Products Supplier Purchases 100k sf Ontario Industrial Building 12/20/11 A 99.5k sf industrial building in Ontario sold for $6.2 mil, or about $62/sf. Located at 4200 Mission Blvd, north of I-60 and west of Milliken Ave, the structure was purchased by Sample Real Estate LLC.
The building will be...
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CIP Completes $6.5 Mil Riverside Industrial Buy 12/16/11 CIP Real Estate (CIP) has just acquired Summit Business Center, a 138k sf business park located at 2002-2010-2020-2030-2038 Iowa Ave, in the Hunter Park area of Riverside, for $6.5 mil, or $47/sf. The property was purchased f...
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Latest Phase at Rancho Cucamonga Multi-Housing Community Financed with $42 Mil 12/16/11 Lewis Operating Corp has obtained $42 mil in financing for the fourth phase of Homecoming at Terra Vista, an 868-unit multi-housing community within the master-planned community of Terra Vista in Rancho Cucamonga. Completed i...
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Summit Machine Buys Ontario Industrial Building 12/15/11 In an Ontario industrial sale, Summit Machine paid $3.94 mil for Philadelphia Place Business Park, a 45.9k sf ($86/sf) property located at 2810 Philadelphia St, north of I-60 and east of Archibald Ave. The property, built in ...
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Lake Elsinore Walgreens Sells for $591/sf 12/14/11 A private investor from Palm Desert purchased a single-tenant Walgreens in Lake Elsinore for $8.1 mil. Located at 31781 Mission Trail Rd, the 13.7k sf ($591/sf) freestanding building (including a drive-thru) is situated on a ...
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Industrial Income Trust Acquires 327k sf Inland Empire Warehouse Project 12/13/11 Mountain View Industrial Center, a 327.1k sf Class A warehouse/distribution project located in the Inland Empire city of Redlands, was acquired by Industrial Income Trust. The property was sold by Canyon Capital Realty Adviso...
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Johnson Capital Arranges $20 Mil on Ontario Multifamily Property 12/12/11 Greg Richardson, Managing Director, and Scott Watson, Vice President, of Johnson Capital’s Irvine office, have arranged a $19.7 mil loan secured by a 168-unit multifamily property called Woodmere Apartments, located in Ontari...
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Leasing Boost Brings Temecula Power Center to 98% Leased 12/12/11 Recent signings for roughly 100k sf of space at The Commons at Temecula, a 293k sf power center in Temecula, have boosted the retail center to 98% leased. The property is located at 40450 Winchester Rd, just west of Margarita...
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Clarity Entertainment Signs LOI for 70-Acre Development Site in Redding 12/12/11 Clarity Entertainment Inc signed a non-binding Letter of Intent (LOI) to purchase of approximately 70 acres at Stillwater Business Park in the City of Redding, on which the firm would construct a film production facility. The...
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Logistics Company Subleases 350k sf of Warehouse Space in Chino 12/08/11 NFI Network Logistics Solutions, a third party logistics company, has inked two short-term sublease deals for 350k sf of industrial space in Chino from AMCOR Rigid Plastics USA Inc. The leases are for space in adjacent buildi...
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PRG Spends $65 Mil on Two Inland Empire Multifamily Assets 12/06/11 Phoenix Realty Group (PRG) closed on two Inland Empire apartment acquisitions with a combined price of approximately $65 mil. The transactions consisted of the Windrush Village Apartments in Colton for $34.5 mil ($94k/unit) a...
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Two Manufacturing Firms Take 200k sf at Ontario Industrial Facility 12/02/11 Two firms, Pacific Urethane LLC and Precision Foam LLC, recently signed deals for close to 200k sf at an Ontario industrial facility owned by CT Realty Investors. CT acquired the 386k sf property, located at 1671 Champagne Av...
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PRG Closes $29 Mil Inland Empire Multifamily Buy 11/29/11 In a large Inland Empire multifamily buy, Phoenix Realty Group (PRG) has acquired Portofino on the Park Apartments, a 235-unit asset in Upland, for $29 mil, or about $123k/unit. The purchase marks PRG’s 10th SoCal apartment b...
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Rio Ranch Leases 45k sf Retail Space in Fontana 11/16/11 Hispanic grocery store chain Rio Ranch Markets has leased a 45k sf retail space at Southridge Plaza Shopping Center in the city of Fontana. The value of the 10-year lease is undisclosed.
Built in 1991, Southridge Plaza Shopp...
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Marcus & Millichap Capital Corp Arranges Recent Financings in Rialto, CA and Renton, WA 11/14/11 Marcus & Millichap Capital Corporation (MMCC) has arranged a $9 mil refi for a 49.3k sf grocery/drug-anchored retail center with three undeveloped pads in Rialto. Daniel Litman, a vice president capital markets in MMCC’s West...
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Inland Empire Kohl’s Sells for Over $15 Mil 11/10/11 A 76.7k sf, single-tenant retail property occupied by Kohl’s in Upland sold for $15.43 mil, or about $200/sf. Built in 1978 and renovated in 2009, the property is situated on just under seven acres at 233 S. Mountain Ave, jus...
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Lewis Operating Corp Obtains $34 Mil Refi on Rancho Cucamonga Multifamily Complex 11/07/11 Lewis Operating Corp has obtained $34 mil in refinancing for Carmel Apartments, a 306-unit, Class A multi-housing community in Rancho Cucamonga. The 12-year, 5.01 percent, fixed-rate loan was arranged by HFF and funded by Nor...
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Pair of SoCal Apartment Sales Ring Up to $26 Mil 10/31/11 Kitty Wallace, Executive Vice President in Colliers International’s West Los Angeles office, closed two SoCal apartment sales with a combined price of just under $26 mil. The transactions took place in Upland and Brentwood.
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New $17 Mil Affordable Housing Project is Completed in Big Bear Lake 10/28/11 The Crossings at Big Bear Lake is a new, $17 mil affordable housing community in Big Bear Lake for families earning between 30 percent and 60 percent of the area median income, just opened to the public. The project was devel...
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Grubb & Ellis Lands Leasing Assignment for Spec Inland Empire Industrial Project 10/24/11 Mark Kegans, SIOR, and Ron Washle, SIOR, with Grubb & Ellis, have been awarded the leasing assignment for a 398k sf spec industrial development being constructed within Chino South Business Park in Chino by The Carson Compani...
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