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• Jones Lang LaSalle Awarded Leasing Assignment for 1.1 msf Inland Empire Biz Park
1/25/12
American Realty Advisors (ARA) has awarded the leasing assignment for Safari Business Center, a 16-building, 1.14 msf business park in Ontario, to Jones Lang LaSalle. ARA is the property’s asset manager.
Jones Lang LaSalle ...
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• Investor Picks Up Temecula Industrial Building and then Leases It
1/24/12
In a recent Temecula industrial buy, a 102.6k sf facility sold for $3.8 mil ($37/sf). The property is located at 26090 Ynez Rd, east of I-15 and north of Winchester Rd.
The buyer has leased the building to Crossroads Church...
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• Coachella Valley Retail Project Near Completion
1/18/12
The Shops at Palm Springs Marketplace, a new retail pad building under construction in Palm Springs, is nearing completion. The 10.3k sf project, a development of Ramsey Real Estate Group, is located within Palm Springs Marke...
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• Investor Picks Up New McDonald’s Still Under Construction in Chino
1/17/12
A 3.5k sf McDonald’s restaurant currently under construction at the Rancho del Chino shopping center was purchased by a private, all-cash buyer. Rancho del Chino is situated on 14 acres at 14659 Ramona Ave, on the northwest c...
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• San Bernardino Neighborhood Center Sale Ree-Charges Inland Empire Retail Investment Market
1/13/12
In a unique retail sale, a newly developed Ree-Charge ‘N Go ® neighborhood center in San Bernardino traded hands. Built in 2009, the property is not only anchored by 7-Eleven and T-Mobile but offers a charging station that c...
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• Canadian Investment Venture Closes $7 Mil Inland Empire Retail Buy
1/12/12
River’s Crossing, a 31.9k sf multi-tenant retail center located in Rancho Mirage, recently sold for $6.8 mil ($213/sf). Built in 1991, River’s Crossing is situated on 2.88 acres at 72014-72060 Hwy 111 and was 89% occupied at ...
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• Best, Best & Krieger Takes 25% of New Riverside Office Development
12/27/11
Best, Best & Krieger inked a 10-year lease for 35k sf at Citrus Tower, a six-story office building currently under construction at 3390 University Ave in downtown Riverside. The deal accounts for roughly 25% of the building, ...
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• Hemet Retail Property Sells for $192/sf
12/23/11
A 50k sf retail property in the city of Hemet sold for $9.6 mil ($192/sf) in a recent sale. Situated on 5.61 acres at 220 North Sanderson Ave, just north of Florida Ave, the property is occupied by LA Fitness. It is near to H...
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• NY-Based REIT Purchases GSA Building in Redding, CA
12/23/11
A New York-based REIT that acquires single-tenant, freestanding properties throughout the U.S. has purchased a Redding, CA building occupied by the GSA for $13 mil. The 55.6k sf ($234/sf) Class B office building was sold by R...
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• Murrieta Retail Property Trades Hands in $8.5 Mil Sale
12/22/11
Margarita Center, a 60.4k sf retail property in Murrieta, was recently acquired in an $8.5 mil ($141/sf) investment buy. The property is located at 39520-40 Murrieta Hot Springs Rd, east of I-215 on the west side of Margarita...
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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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