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• Sierra Lane Partners Collects $8.4 Mil from Trio of NNN Property Sales in Murrieta
5/22/12
Newport Beach-based Sierra Lane Partners LLC recently sold three newly constructed properties within a neighborhood shopping center located adjacent to the 215 Fwy and Clinton Keith Rd interchange in the Inland Empire city of...
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• Redlands Development Site Sells for $2.74 Mil
5/11/12
A 13.26-acre parcel of land in Redlands recently traded hands at a price of $2.74 mil. The raw, unentitled land, located at the northwest corner of San Bernardino Ave and I-210, is zoned for commercial/office use, and was pur...
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• Riverside’s Summit Biz Center Reaching New Heights
5/10/12
Changes are in the air at Summit Business Center, a 138k business park owned by CIP Real Estate and located in the Hunter Park area of Riverside. CIP recently locked up 45k sf of leasing at the property and is about to move f...
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• Westwood Financial Collects $7.4 Mil from Ontario Retail Sale
5/07/12
Pacific Plaza Shopping Center, a 49k sf shopping center located at 2544-98 South Archibald in the city of Ontario, recently sold for $7.4 mil ($151/sf). It was sold by Westwood Financial Corp, one of the largest owner-operato...
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• Modern Space Leases 48k sf Modern Space in Victorville
5/03/12
Modern Space Pacific Services is the latest tenant to take space at the Southern California Logistics Centre (SCLC), a 2,500-acre industrial and commercial complex in Victorville. The new tenant, a leading provider of retai...
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• Fragmented Recovery Starting to Materialize for Inland Empire Office Market
5/02/12
A significant upturn in space demand remains several quarters away for the Inland Empire office market as tenants backfill underutilized space, limiting improvements in 2012, according to the latest research provided to us by...
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• Inland Empire Self-Storage Facility Goes for $2.6 Mil in Bank Sale
4/30/12
Southwood Storage & Calimesa Professional Plaza, a 48.6k sf self-storage facility property located in Calimesa, CA, recently sold for $2.6 mil. The property consists of a 38k sf storage facility and an 8.3k sf Class B office ...
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• Johnson Capital Arranges $5 mil on Inland Empire Mobile Home Park
4/27/12
David Susank, Senior Vice President in Johnson Capital’s Phoenix office, has arranged a $5.1 mil loan to refinance the Saddleback Mobile Home Estates in Hemet, CA. The 227-pad mobile home park sits on 42.5 mountainous acres a...
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• Corona Value-Add Office Buildings Fetch $24 Mil
4/25/12
Three office buildings encompassing 282.8k sf of space in the Inland Empire recently traded hands in a $24 mil ($85/sf) transaction. The Class A buildings comprise Corona Summit Corporate Center, located at 2375, 2390 and 245...
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• Victorville Walgreens Trades Hands
4/23/12
A family trust from Solvang, CA recently purchased a 14.7k sf, single-tenant Walgreens in the city of Victorville. The purchase price was not disclosed, although the reported cap rate was 5.69%.
Located at 15318 Roy Rogers ...
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• Kevin Boeve Named Senior Director of Marcus & Millichap’s National Retail Group
4/20/12
Marcus & Millichap Real Estate Investment Services has named Kevin W. Boeve Senior Director of the firm’s National Retail Group in Ontario. Boeve joined Marcus & Millichap in June 1999. During his career, he has closed 188 tr...
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• Two Inland Empire Retail Centers Trade in Recent Deals Valued Over $9 Mil
4/20/12
Two multi-tenant strip centers in the Inland Empire recently traded hands in separate deals totaling more than $9 mil. In one of the transactions, Marketplace on Hamner, a 12.8k sf multi-tenant strip center in Norco, sold for...
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• Prologis Locks Up Steelcase in 180k sf Ontario Space
4/12/12
Steelcase Inc, the big, global provider of workplace products, furnishings and services, has inked a new lease for 180.6k sf of industrial space at the Crossroads Business Park in Ontario. The facility, located at 740 N. Vint...
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• Pacific Health Realty Sells Rancho Cucamonga Medical Property
4/09/12
Pacific Health Realty LLC recently sold Kindred Hospital Rancho, a 98.2k sf hospital and medical office building in Rancho Cucamonga. The property is located at 10841 White Oak Ave, south of Foothill Blvd and east of Haven Av...
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• Palm Springs Mixed-Use Property Sells for Over $2 Mil
4/06/12
Las Palmas Villas, a 35k sf mixed-use property located in Palm Springs, recently sold for $2.075 mil ($59/sf). Located at 140 West Via Lola, the property features four retail stores on Palm Canyon Dr, and 38 apartment units c...
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• Inland Empire East Valley Industrial Market Looking at Positive Absorption
4/05/12
The East Valley industrial market in Southern California’s Inland Empire should continue to stabilize, with positive absorption is expected by year-end 2012, according to The Riverside office of Lee & Associates’ first quarte...
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• Cable Company Keep Its Inland Empire Pipeline
4/04/12
In a recent Inland Empire industrial lease transaction, General Cable Corp agreed to a renewal for 165k sf of space at 13965 Pipeline Ave, east of the 71 Fwy and north of Edison Ave in Chino. The space serves as a regional d...
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• Russell Siglar Leases 105k sf Riverside Space
3/30/12
Russell Sigler Inc signed a new five-year, 105k sf industrial lease within the Meridian Business Park in Riverside. Based out of Tolleson, AZ, Russell Sigler is the sole distributor of Carrier products in the Western U.S. The...
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• High Desert Economic Summit Coming to Victor Valley College
3/28/12
The County of San Bernardino is presenting The High Desert Economic Summit, to be held on April 11 from 8 AM until noon at Victor Valley College. The event brings valuable information and analysis about the local economy to t...
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• Retail Sales at Temecula Center Total Over $2 Mil
3/28/12
Two recent sales at Winchester Meadows Shopping Center, located at 40275 Winchester Rd in the city of Temecula, totaled up to $2.035 mil. The transactions were for a 1.3-acre parcel of land and a 3.7k sf retail building, both...
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