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• Investors Spend $7 Mil on Hemet Retail Properties
8/06/13
Eric P. Wohl, senior vice president of Hanley Investment Group, represented the buyer, Time Equities Inc of New York, NY, and the seller, a private investment company based in Newport Beach. According to Wohl, the Hemet marke...
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• Alliance Commercial Partners Invests $41.5 Mil in Inland Empire Office Product
8/05/13
Alliance Commercial Partners, a Denver-based privately held real estate operating and investment company, purchased Market Street Corporate Center I & II and Riverside Gateway I & II for $41.5 mil. The acquisition consists of...
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• Crown Realty Leases Ontario Facility to an Honest Company
8/02/13
The Honest Company, a leading distributor of baby products, has leased a 130.6k sf industrial facility in the Inland Empire city of Ontario. The three-year deal has a total value of approximately $2 mil, which averages out to...
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• Pair of Recent Inland Empire Multifamily Sales Total Over $55 Mil
7/19/13
A Bay Area-based private investment group recently completed the sales of two Inland Empire apartment communities totaling 384 units and totaling $55.75 mil in price. The properties, located in the cities of Riverside and Mor...
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• CBRE Lands Marketing Assignment for The River in Rancho Mirage
7/19/13
Grosvenor Fund Management Inc has awarded the marketing assignment for The River, a 227k sf, premier lifestyle and entertainment center in Rancho Mirage, to CBRE. Senior Vice President Jim Crocenzi, Associate Marco Rossetti, ...
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• Alere Property Group Lands HauteLook-ing Tenant for 600k sf San Bernardino Facility
7/17/13
HauteLook inked a 10-year relocation/expansion lease for an entire 604k sf facility in the city of San Bernardino. HauteLook, the Nordstrom-owned, online shopping destination hosting daily limited-time, limited-inventory sale...
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• Inland Empire East Valley Ind Market Continues Strong Path to Recovery
7/16/13
The Riverside office of Lee & Associates has released its second quarter 2013 Industrial Market Summary for manufacturing/distribution buildings for the East Valley Market in Southern California’s Inland Empire. They’ve provi...
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• Pair of Palm Springs Retail Centers Sell for Over $42 Mil
7/09/13
Two premier grocery-anchored, community retails centers in Palm Springs recently traded hands for a combined value of $42.45 mil. The properties, Smoke Tree Commons and Smoke Tree Village, sold for $32.45 mil and $10 mil, res...
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• Two Rancho Cucamonga Office Buildings Go for $3 Mil
7/02/13
In a recent Inland Empire office comp from Rancho Cucamonga, two office buildings sold for $3.074 mil. The buildings, which contain a total of 18.3k sf of space, are located on Haven Ave, a few blocks north of the I-10.
One ...
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• LA and OC Office Occupancy Rates Remain Steady Since End of 2012
7/01/13
Office occupancy levels across Greater Los Angeles, Orange County and the Inland Empire remained steady, having not wavered much since the end of 2012, according to preliminary second quarter market statistics compiled by CBR...
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• $5 Mil in Sales for Three 7-Eleven Locations
6/27/13
Three single-tenant 7-Eleven stores -- in Upland and Anaheim, CA and Denver, CO – traded hands in recent deals totaling over $5 mil.
In Upland, a 3k sf 7-Eleven located at 2416 W. Arrow Rd sold for $1.9 mil ($633/sf). Built ...
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• DDI Distributions Leases 225k sf Moreno Valley Facility
6/25/13
In a recent industrial lease comp from the Inland Empire, DDI Distributions Inc signed a $3.7 mil deal for a 225.5k sf building in Moreno Valley for over five years. The property is located at 16875 Heacock St, north of Ramon...
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• Sares*Regis Group to Start Work on $40 Mil IE Distribution Project
6/24/13
Construction is expected to start this summer on SRG Perris Logistics Center, a 580k sf distribution building near the former March Air Force Base in the Inland Empire city of Perris. The Class A project, set on a 28.8-acre s...
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• Quantum Capital Partners Arranges $6.2 Mil on Inland Empire Office Building
6/20/13
Quantum Capital Partners (QCP) has arranged a $6.2 mil acquisition loan for Three Carnegie Plaza, an 85k sf office building in San Bernardino.
The two-story, 60%-occupied building is located at 735 East Carnegie Dr, east of...
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• Bixby Land Buys 75k sf Corona Office Building
6/19/13
Bixby Land Company acquired a three-story, 75k sf office building in Corona and immediately leased two-thirds of the previously vacant building at closing to Atkinson/Walsh, the design-builder joint venture that in May 2013 s...
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• Minka Lighting Leases New Build-to-Suit in Moreno Valley
6/17/13
Minka Lighting Inc signed off on a lease for a 354.8k sf build-to-suit industrial facility located on San Michelle Rd in Moreno Valley. The transaction has a total value of $9.4 mil.
Minka Lighting will be relocating from an...
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• 168-Unit Upscale Res Development in Riverside Set for Completion this Fall
6/11/13
Construction is nearing completion on The Paseos at Magnolia, a $30 mil, 168-unit luxury apartment community in Riverside. The three-story, garden-style, walk-up multifamily project is being developed by Hutton Companies and ...
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• Palm Springs Biz Park Sells for Over $4 Mil
6/04/13
WLA Investments Inc has purchased North Village Center, a 93.5k sf, three-building industrial/retail park in Palm Springs. The asset, located at 19345-19465 North Indian Canyon Dr, sold for $4.12 mil ($44/sf) in a short sale....
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• MCS Industries Leases 115k sf Rancho Cucamonga Facility
6/03/13
MCS Industries recently signed a lease for 115k sf of space in Rancho Cucamonga. The company, a provider of wall and poster frames, is relocating from 86k sf of space in Visalia. The new lease includes an option for an additi...
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• Newmark Realty Capital Arranges $16 Mil for Murrieta Retail Center
5/31/13
Newmark Realty Capital’s Jamie Dick arranged $16 mil in refi money for Plaza De Oro, a 99.1k sf shopping center located in Murrieta. The center, located at the intersection of Calle Del Oso Oro and Washington Ave, is anchored...
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