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• Inland Empire Strip Center Goes for $348/sf
5/12/23
An L.A.-based private investor paid $6 mil for South Sierra Plaza, a 17.3k sf ($348/sf), unanchored strip center in Fontana. The property, located at 10660 South Sierra Ave, was sold by the center’s original developer. The 12...
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• Ontario Multifamily Asset Trades for $50 Mil
5/12/23
The Landing Apartments, a 156-unit multifamily community in Ontario, was sold in a recent $50.5 mil ($323.7k/unit) transaction. The property is located at 3364 Honeybrook Way, west of I-15 and just south of Hwy 60.
The Landi...
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• Imperial Valley 7-Eleven Ground Lease Fetches $2.4 Mil
5/09/23
An OC-based private investor paid $2.4 mil for a new construction, single-tenant property occupied by a 7-Eleven convenience store and gas station in Imperial Valley. The new 15-year absolute triple-net ground lease sale work...
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• Birtcher Development Breaks Ground on 330k sf Distribution Center in Fontana
5/08/23
Birtcher Development has broken ground on Birtcher Logistics Center Fontana, a 330k sf, state-of-the-art distribution facility in Fontana. The project is being built in partnership with Oltmans Construction and Tomorrow’s Tal...
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• Inland Empire Logistics Campus Trades in $325 Mil Transaction
5/02/23
Corona Lakeside Logistics Center, a 727.7k sf industrial asset in the Inland Empire city of Corona, has traded hands in a transaction valued at $325 mil ($447/sf). The recently completed, five-building industrial complex, loc...
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• Single-Tenant Sherwin-Williams Store in Beaumont Sells for $3.24 Mil
5/02/23
A Hemet-based private investor paid $3.24 mil for a newly developed, 4k sf single-tenant net-lease retail pad building occupied by Sherwin-Williams in Beaumont. The deal had a 4.50% closing cap rate.
The Sherwin-Williams pro...
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• Newly Constructed San Bernardino Res Project Sells for Over $300k/Unit
4/28/23
Loma Villas, a newly constructed 70-unit multifamily community in San Bernardino, sold for $21.5 mil, or $307k/unit. The buyer was a SoCal-based private investor.
Located at 415 E. Commercial Rd. in the Inland Empire’s secon...
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• Covina Investor Spends $39.6 Mil on Trio of SoCal Industrial Properties
4/27/23
A Covina-based private investor purchased three SoCal industrial assets in deals totaling $39.6 mil. The properties are in Carlsbad, Chino and Nipomo.
One of the properties was Nipomo Self Storage, a self-storage facility, l...
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• NewMark Merrill Companies’ San Diego Office Celebrates 20 Years
4/26/23
Next month, Calabasas-based NewMark Merrill Companies celebrates the firm’s 20-year anniversary of when the company first opened its San Diego Division office to oversee the San Diego, Riverside and Orange County regions. In ...
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• First Industrial Realty Trust Pays Over $5 Mil for Ontario Facility
4/26/23
A 15.2k sf industrial building situated on 2.27 acres of land in Ontario sold for $5.2 mi ($342/sf). The buyer was First Industrial Realty Trust.
The property is at 1250 E. Francis St, east of Euclid Ave. It is within the pr...
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• Wood Investments Companies Picks Up Former Kmart Building in Big Bear Lake
4/25/23
Wood Investments Companies Inc acquired a former Kmart building on 7.49 acres in Big Bear Lake, CA, SoCal’s popular mountain resort community and destination. Big Bear Lake is home to over three million annual visitors who co...
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• Historic Renovation/Redevelopment Project Leaves Its Mark in Riverside
4/25/23
Work has wrapped up on The Mark, a mixed-use, seven-story residential and retail building in the heart of Riverside’s historic core. The project, which required finding a balance between historic preservation and modern renew...
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• Industrial Construction in the Inland Empire Catching Up to Demand
4/20/23
MARKET OVERVIEW
The Inland Empire’s industrial market continued to notice the increase in construction shaping up from the impact of demand caused by the pandemic and supply chain challenges that are now a distant memory. Wi...
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• Rialto Multifamily Trade Works Out to $166k/Unit
4/19/23
Jackson Apartments, a 41-unit multifamily property in Rialto, sold for $6.8 mil ($166k/unit). The property was purchased by a private investor who owns several multifamily buildings in the area.
Constructed in 1971, Jackson ...
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• Fast5Xpress Car Wash in Ontario Sells for $3.5 Mil
4/18/23
An OC-based private investor purchased a new construction, single-tenant property occupied by Fast5Xpress Car Wash in Ontario, adjacent to the Ontario Mills Mall, one of the top shopping and tourist destinations in California...
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• Sky Zone Leases Rancho Cucamonga Space
4/17/23
Sky Zone inked a lease for 30.7k sf of space in Rancho Cucamonga for a new Sky Zone indoor entertainment park. The space, located at 12449 Foothill Blvd, is part of the 550k sf Wal-Mart- and Food 4 Less-anchored Foothill Mark...
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• Affordable Housing Project Gets Underway in Ontario
4/17/23
Related California has broken ground on Emporia Housing, a 50-unit affordable housing project in Ontario. The development, expected to reach completion by mid-Summer 2024, is being built by R.D. Olson Construction. Danielian ...
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• Rockefeller Group to Develop 415k sf Spec Industrial Project in Surprise, AZ
4/13/23
Rockefeller Group purchased a 25-acre parcel on Sweetwater Ave in Surprise, AZ for $12 mil. The company will develop Surprise Pointe Commerce Center, a 415k sf speculative distribution center, on the property.
The project ...
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• Sunrise Management Awarded Management Assignment for Two SoCal Multifamily Communities
4/10/23
Providence Capital Group has awarded the day-to-day management assignment for two SoCal res communities to San Diego-based Sunrise Management. The properties are Arte West, a 228-unit, four-story luxury community in Santa Ana...
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• Western Spire Pays $6,78 Mil for 1.8-Acre Development Site in Rancho Cucamonga
3/29/23
Western Spire paid $6.78 mil for a 1.82-acre multifamily development site at the northwest corner of Red Oak St and Spruce Ave in Rancho Cucamonga. The property is within City Center, an area of Rancho Cucamonga zoned for fut...
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