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• Nordstrom Rack and Whole Foods are New Anchor Tenants at Palm Desert Retail Center
10/29/12
Nordstrom Rack and Whole Foods Market Inc are the latest national retailers to ink leases at One Eleven Town Center in Palm Desert. The two popular retailers will serve as the co-anchors of the center, owned by Harsch Investm...
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• Developer Picks Up 18.7 Acres in Indio
10/29/12
Continental East Development recently paid about $2.3 mil for an 18.7-acre parcel of land in Indio for future development. The land, at Jefferson and 42nd, is located within the master-planned community of North Indio and is ...
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• Victorville Multifamily Property Sells for Near $14 Mil
10/26/12
In a recent high desert apartment sale from the city of Victorville, High Desert Villas, a 232-unit 55-plus seniors housing community, sold for $13.75 mil, or about $59.3k/unit.
The 55-plus community is located at 16850 Jasm...
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• Cardenas Markets Leases 263k sf Ontario Space
10/24/12
Cardenas Markets agreed to a new 10-year lease for 263k sf of industrial space in the city of Ontario. Cardenas, a family-owned supermarket business, is one of the largest privately owned companies in the Inland Empire. Their...
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• Palm Desert Retail Center Sells for Over $300/sf
10/23/12
Desert Gateway, a 17.7k sf retail property in Palm Desert, sold for $5.375 mil ($304/sf). Located at 34380 Monterey Ave, Desert Gateway is leased to California Patio, Payless Shoes, Desert Gateway Dental Group and Mathis Brot...
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• Murrieta Industrial Park Acquired by Frome Developments Omega
10/17/12
Frome Developments Omega purchased an 82k sf, multi-tenant industrial park in Murrieta for $5.5 mil ($67/sf). The property, which was built in 2006, is a five-building complex and is centrally located just east of the 15 and ...
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• Camden Property Trust Closes 469-Unit Inland Empire Apartment Buy
10/15/12
Landmark at Ontario Towne Center, a 469-unit multifamily community located in Ontario, was purchased by a subsidiary of Camden Property Trust, one of the largest publicly traded multifamily companies in the United States. The...
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• 300k sf Inland Empire Power Center Hits the Market
10/11/12
Foothill Crossing, a 312.3k sf regional power center in Rancho Cucamonga, has been listed for sale with an asking price of $60 mil. The property, located at 12181-12357 Foothill Blvd, just west of I-15, is being marketed by J...
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• 81-Unit Inland Empire Seniors Complex Opens Its Doors
10/09/12
The Vineyards at Menifee, a new, 81-unit senior housing community in the Inland Empire city of Menifee, just held its grand opening. Located on four acres at 29930 Winter Hawk Rd, the resort-style community was constructed by...
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• DVD Manufacturer Acquires Inland Empire Ind Property
10/08/12
SBC Enterprise LLC, a DVD manufacturer, purchased a 65.8k sf industrial/manufacturing building in Chino for $5.2 mil, or $79/sf. The property is situated on 4.82 acres at 13900 Sycamore Way, south of the 60 Fwy and east of th...
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• Vestar Venture Spends $85 Mil on Inland Empire Retail Center
9/27/12
Vestar has teamed up with a UBS Global Asset Management-advised fund to purchase Riverside Plaza, a 475.2k sf retail center located on 35 acres in Riverside, for $84.8 mil ($179/sf) in an all cash transaction. We’re told tha...
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• CT Realty Advisors Completes $10 Mil Inland Empire Ind Buy
9/24/12
Aliso Viejo-based CT Realty Advisors has acquired a 177.6k sf, fully leased industrial building in Rancho Cucamonga in a joint venture with Artemis Real Estate Partners. The property was purchased from Mobile Park Investments...
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• Auto Parts Distributor Leases 85k sf of Riverside Industrial Space
9/20/12
Spectra Premium has agreed to a new 52-month lease for 85k sf of industrial space at Meridian Business Park in the city of Riverside. The property is located at 14530 Innovation Dr, south of Alessandro Blvd on the west side o...
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• Watson Leases New 550k sf Redlands Facility to M. Block & Sons
9/11/12
In news of a large distribution deal in the Inland Empire, M. Block & Sons leased a 554k sf industrial property at Watson Commerce Center Redlands. Located at 26597 San Bernardino Ave, the property will be used by M. Block & ...
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• Riverside Apartment Complex Fetches $167k/Unit
9/10/12
Tuscan Luxury Townhomes, a 63-unit apartment complex in Riverside, sold for $10.55 mil, or about $167.5k/unit. The 76.5k sf property, located at 11511 Magnolia Ave, off California State Route 91 in western Riverside, was 100%...
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• Lee & Associates Inland Empire North to Handle Leasing and Asset Management for Barstow Outlets
9/04/12
Lee & Associates Inland Empire North has been named the exclusive leasing representative and asset manager of the 328.3k sf Barstow Outlets in Barstow. The Barstow Outlets is comprised of 24 free-standing buildings along a la...
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• Inland Empire Ind Sale Comes in as Just Over $11 Mil
8/31/12
A 180k sf industrial building in Rancho Cucamonga sold for $11.07 mil ($61.50/sf). Built in 1983, the property, located at 11167-11177 White Birch Dr, south of Foothill Blvd and west of Milliken Ave, is situated on 5.17 acres...
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• Capstone Spends $4.4 Mil on Palm Desert Property
8/29/12
San Diego-based Capstone Advisors purchased a four-building, 57.9k sf showroom/retail/industrial/flex project in Palm Desert for $4.35 mil ($75/sf). The property was purchased from the lender who had taken ownership of the p...
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• 1st Commercial Realty Group Awarded Management Assignment for Chino Spectrum Marketplace
8/24/12
1st Commercial Realty Group was recently awarded the property management assignment for Chino Spectrum Marketplace, a 580k sf retail center located in Chino Hills. Located at Hwy 71 and Grand Ave, this centrally located power...
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• Pathfinder Partners Spends $10.5 Mil on Riverside Apartment Property
8/24/12
San Diego-based Pathfinder Partners LLC has acquired Tuscan Townhomes, a luxury, townhome project in Riverside, for $10.55 mil. The 63-unit ($167.5k/unit) property is located at 11511 Magnolia Ave, north of the 91 Fwy at Pie...
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