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CT Realty Developing an ICON-ic Building 1/08/13 CT Realty Investors has begun construction on a 600k sf, dock-high distribution building in Beaumont, CA for ICON Health & Fitness Inc. The building is situated on just over 30 acres at 630 Nicholas Rd, and sits adjacent to t...
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CIP Takes Freeway Exit 1/08/13 Freeway Industrial Park LLC recently completed the $10.75 mil acquisition of Stone Haven Business Park, an 82k sf ($131/sf) office and industrial project in Rancho Cucamonga. The property was sold by Irvine-based CIP Real Est...
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Inland Empire Health Plan Leases 207k sf of Inland Empire Office Space 12/27/12 In a large Inland Empire office lease, Inland Empire Health Plan (IEHP) has signed a deal for 207k sf of space in the Atrium at Empire Lakes, located at 10801 Sixth St, east of Haven Ave and north of 4th St. The 15-year deal ...
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City of Hesperia Pays $32 Mil for 6k Acre-Feet of Water Rights 12/27/12 In an a more unusual acquisition, the City of Hesperia paid $31.7 mil for 6k acre-feet of water rights from Rancho Las Flores LLC. The water rights are associated with the Rancho Las Flores master plan, a ±9k-acre planned com...
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Inland Empire Retail Asset Trades for Near $10 Mil 12/20/12 An Orange County-based investment partnership has purchased a 51.6k sf portion of Washington Square, a 136.3k sf retail center located in Bermuda Dunes, a desert city situated 23 miles east of Palm Springs in the Coachella Va...
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Draftsmen & Craftsmen 12/19/12 Construction is complete on the new, $10 mil social sciences and humanities complex at Mt. San Jacinto College’s Menifee Campus in Menifee, CA. Built by C.W. Driver, the 33.9k sf facility, comprised of three, two-story buildi...
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Western National Realty Advisors Completes $42 Mil Inland Empire Multifamily Buy 12/18/12 Western National Realty Advisors has wrapped up the purchase of Parcwood Apartments, a 312-unit apartment community in Corona. The property, located at 1700 Via Pacifica, west of I-15 and south of the 91 Fwy, was sold by Esse...
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Rialto Retail Center Sells for Over $5 Mil 12/18/12 A private investor paid $5.125 mil for The Shoppes at Creekside, a 17.5k sf ($293/sf) retail property in Rialto. Located at 2019 North Riverside Ave, the center contains four tenants, including Fitness 19, Corky's Bakery, Sal...
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JH Snyder Collects $22 Mil from Ontario Multifamily Sale 12/14/12 JH Real Estate Partners purchased The Colony, a 160-unit, Class A apartment community located in Ontario, for $22.1 mil ($138k/unit). The property was sold by JH Snyder Company, one of the nation's leading full-service real e...
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75-Acre Apple Valley Dev Site Sells 12/13/12 A 75-acre development site in Apple Valley sold for $2.9 mil, or just under $1.00/sf. The land, located at Dale Evans Pkwy and the I-15, is situated in a highly sought-after area near the proposed Desert Xpress rail station. ...
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Mendocino Forest Products Lumbers into 54k sf Fontana Facility 12/06/12 Mendocino Forest Products Co, a leading manufacturer and distributor of environmentally certified lumber products throughout California and the Western U.S., recently purchased a 53.8k sf industrial property in the Inland Emp...
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Mile Transport Goes the Distance in Riverside Buy 11/30/12 Mile Transport Inc purchased a 39.9k sf industrial property situated within a 430k sf industrial park in the city of Riverside for $3.25 mil ($81/sf). The property is located at 1075 Mount Vernon Ave, south of Palmyrita Ave a...
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Rancho Cucamonga Retail Center Trades for $4.25 Mil 11/26/12 Foothill Marketplace, a 62.8k sf property located in Rancho Cucamonga, was purchased by a private investor for $4.25 mil, or $68/sf. Built in 1985, Foothill Marketplace is located at 12899 Foothill Blvd.
Foothill Marketplac...
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Palm Desert Self-Storage Sells for $3.9 Mil 11/20/12 American Mini Storage, a 57.5k sf self-storage property located at 39700 Garand Lane in Palm Desert, sold for $3.9 mil. The property, built in 2000, contains 411 units. It is situated on 3.2 acres of improved land adjacent to...
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Desert Hot Springs Self-Storage Property Sells 11/15/12 An unnamed buyer has purchased Caliente Springs RV & Self Storage, a 139k sf self-storage property in Desert Hot Springs. The property, located at 15305 Little Morongo Rd, north of I-10 and east of Indian Canyon Dr, sold for ...
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Palm Communities Creates a Legacy in Thousand Palms 11/14/12 Legacy, a new, 80-unit affordable housing community in the Riverside County city of Thousand Palms, just celebrated its grand opening. The project was developed by Palm Communities using $13.3 mil in low income housing tax cr...
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Regents of University of California Purchase 150k sf Riverside Office Building 11/08/12 The Regents of the University of California have purchased Intellicenter-Riverside, a 150k sf office building in Riverside, for $17.4 mil ($116/sf). The three-story structure is located at 14350 Meridian Pkwy, along I-215.
C...
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Law Firm Picks Up 37k sf Redlands Office Property 11/07/12 Sterling Centre, a 37.1k sf multi-tenant office property in Redlands, sold for $3.3 mil, or $89/sf. The property is comprised of two freestanding, two-story buildings at 1175-1177 Idaho St, west of Alabama St and just north o...
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Johnson Capital Arranges $70 Mil SoCal Portfolio Refi for Stirling Capital Investments 11/05/12 In a major SoCal refinancing deal, Johnson Capital arranged a $70 mil refi mortgage on Stirling Capital Investments’ property portfolio at the Southern California Logistics Centre (SCLC) in Victorville. Bank of America provid...
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IL REIT Buys Fontana Industrial Building in Sale/Leaseback Deal 11/01/12 An Oakbrook, IL-based REIT has acquired a 111.4k sf, Class A industrial property in Fontana for $7.825 mil ($70/sf). Built in 2005, the property is situated on 5.5 acres of land at 13508 Marlay Ave, west of Mulberry Ave and s...
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