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January 15, 2025
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INLAND EMPIRE NEWS
Archive
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• Draftsmen & Craftsmen
2/28/11
In recent construction news, Barnhart Balfour Beatty completed $4.5 mil in amenity upgrades to the clubhouse at Desert Willow Golf Resort in Palm Desert. Desert Willow Golf Resort offers two public golf courses and was select...
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• Merlone Geier Partners Purchases Notes on 314k sf Inland Empire Retail Center
2/24/11
Merlone Geier Partners has acquired the notes secured by Village Walk Plaza, a 314k sf community retail shopping center in Murrieta. The notes were sold by an unnamed national banking entity. Completed in 2008, Village Walk ...
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• SoCal Logistics Center Off to a Stirling Start in 2011
2/23/11
Stirling Capital Investments (SCI) has kicked off 2011 with three leases at its Southern California Logistics Centre (SCLC) in Victorville. The leases encompass more than 66k sf of office and industrial space at the 2,500-acr...
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• DCT Industrial Spends $8.5 Mil on Chino Facility
2/22/11
DCT Industrial has acquired a 190k sf industrial property in the Inland Empire city of Chino for $8.5 mil ($45/sf). The building is located at 13780 Central Ave, near the 60 and 71 freeways, as well as the Chino Airport. The ...
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• Palm Desert BofA Sells for Near $500/sf
2/18/11
A 5.6k sf, single-tenant net-leased property in Palm Desert traded hands in a recent sale valued at $2.68 mil ($479/sf). The building is leased to Bank of America and is located at 34420 Monterey Ave, south of I-10 and Dinah ...
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• Capstone Advisors Picks Up 20 Lots in Upscale La Quinta Community
2/11/11
Capstone Advisors, a Southern California-based real estate investment, development and asset management company, recently purchased the largest lots in the Griffin Ranch master-planned community located in the Riverside Count...
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• MBK Collects $27 Mil from Sale of Temecula Senior Living Community
2/03/11
Washington D.C.-based CSH spent $27.15 mil to acquire The Sterling at Vintage Hills, a 152-unit ($178.6k/unit) senior living community in Temecula. Located at 41780 Butterfield Stage Rd, the complex was 95 percent occupied at...
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• Redlands Multifamily Community Sells for Over $11.5 Mil
2/02/11
Sequoia Equities, a Walnut Creek-based real estate investment firm, has purchased Cypress Villas, an 82-unit multifamily property in the Inland Empire city of Redlands, for $11.625 mil, or about $142k/unit. The deal came in a...
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• Regency Adds New Toys “R” Us/Babies “R” Us at Indio Towne Center
1/28/11
National retail owner/operator Regency Centers has locked up a new Toys “R” Us/Babies “R” Us store at the firm’s Indio Towne Center in Indio. The new 46.8k sf store will replace the retailer’s existing outlet in Palm Desert a...
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• Barker Pacific/URDANG Venture Acquires Vacant Inland Empire Big Box Facility
1/26/11
A venture of Barker Pacific Group (BPG) and its financial partner, URDANG, has acquired a 138k sf big-box retail property in the Inland Empire city of La Quinta. The building, situated on 14 acres at 79-315 Hwy 111, sold for ...
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• San Bernardino Seniors Will Be Able to Retire Into the Sunset (Cove)
1/25/11
Meta Housing has acquired Sunset Cove Apartments, a 119-unit multifamily community in the city of San Bernardino, which will be redeveloped into an affordable housing complex for seniors. The project, which is being developed...
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• Stuart Tanz Pays $34 Mil for Chino Hills Retail Center
1/21/11
Gateway Village, a 97k sf shopping center in Chino Hills, traded hands in a major SoCal retail deal worth $34 mil ($350/sf). Situated at the northwest quadrant of Grand Ave and the 71 Fwy at 3560-3670 Grand Ave, Gateway Villa...
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• Inland Empire NNN Retail Property Sells for $377/sf
1/20/11
A San Marino investor purchased a 10.2k sf retail property occupied by Davita Dialysis in San Bernardino for $3.85 mil ($377/sf). Davita Dialysis has a long-term, absolute NNN 15-year lease on the property with two five-year ...
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• 11-Building Inland Empire Office Park Acquired by Two Separate Buyers
1/19/11
An 11-building, 86.7k sf office park in Riverside was purchased in two separate transactions by two different buyers. The deals had a combined value of $6.4 mil for an average price of about $74/sf. The properties are locate...
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• SF Valley Buyer Acquires Inland Empire Strip Center
1/17/11
Stoney Creek Retail Center, a 14.3k sf retail strip center located at 7354 Stoney Creek Dr in Highland, was purchased by Infinity Commercial Group LLC, out of Canoga Park, for $2.1 mil ($147/sf) in an all-cash deal. The REO ...
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• HFF Arranges $33 Mil on UC Riverside Student Housing Property
1/13/11
In a big Inland Empire financing deal, HFF (Holliday Fenoglio Fowler, L.P.) arranged $33 mil in Freddie Mac money for Sterling University Palms Student Housing, a student housing community adjacent to the University of Califo...
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• Trio of SoCal Retail Sales Total Over $4 Mil
1/07/11
Jereme Snyder of Colliers International represented the sellers in three recent SoCal retail sales. The transactions had a combined value of $4.23 mil. The sales include the following: • Commonwealth Sevenlen LLC, a private ...
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• Ontario Extends Development Impact Fee Deferral Program
1/07/11
Ontario’s Mayor and City Council unanimously voted to extend the City’s Development Impact Fee (DIF) deferral program, in an effort to foster continued investment and development in the community. The DIF Deferral Programs fo...
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• Blackridge Spends $15.7 Mil on Fontana Industrial Buy
12/30/10
BlackRidge Real Estate Group LLC recently closed on a large Inland Empire industrial acquisition, having paid $15.725 mil for acquired Jasmine Distribution Center, a 402.5k sf ($39/sf) vacant distribution building at 10721 Ja...
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• Riverside Corp HQ Facility Trades for $10.5 Mil
12/28/10
In corporate real estate news from the Inland Empire, Aviar Investments LLC paid $10.5 mil for a 175k sf ($60/sf) HQ/distribution property in the city of Riverside. The property, located at 900 S. Dupont Ave, was purchased fr...
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