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• BRE Collects $24.6 Mil from Inland Empire Apt Sale
9/09/10
By Allen Wolfsheimer
For BRE, proceeds of this sale helped the company move forward with a new SoCal acquisition of its own, paying $166 mil for Aqua Marina del Rey, a 500-unit community in the upscale, West Los Angeles area...
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• CA Retail Deal Update
8/31/10
TEMECULA (Riverside County) -- A private investor purchased Temecula Creek Plaza, a 69k sf retail center located at 31021 – 31141 Temecula Pkwy. Built in 2007, the property is located within close proximity to Temecula Creek ...
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• Barker Pacific Boosts Its Storage Solutions with Inland Empire Acquisition
8/17/10
Barker Pacific Group (BPG), through its affiliate, Union Development Company (UDC), has acquired First Choice Storage, a self-storage and RV storage facility located in the city of Fontana, for $5.075 mil. The acquisition in...
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• French Retailer Acquires 128k sf Inland Empire Property
8/16/10
Oxylane Groupe-Decathlon has purchased Town Center Ontario, a 128.3k sf retail property in Ontario, for $11.75 mil ($92/sf). Built in 2002, the center is situated on approximately 11.59 acres and is located at 701-769 N. Mil...
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• New 850k sf Inland Empire Distribution Facility is Fully Operational
8/12/10
One of the largest industrial facilities ever built in the Southland is now occupied and operational. The 850k sf building, the new manufacturing and distribution facility for Dr Pepper Snapple Group, is situated within the S...
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• Barstow Mall to Be Spruced Up
8/10/10
Renovation work is underway at Barstow Mall, located at 1900 East Main St, just east of I-15 in Barstow. The project includes demolition and the reconfiguration of 37.5k sf of space formerly occupied by Sears, to make room fo...
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• NAI Capital and The Bradco Companies Marketing New Victorville Industrial Project
8/10/10
NAI Capital and The Bradco Companies have teamed up to sell a brand new boutique industrial park in Victorville that consists of six separately constructed concrete tilt-up industrial buildings of approximately 10.5k sf. The ...
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• Barstow Mall to Be Spruced Up
8/09/10
Renovation work is underway at Barstow Mall, located at 1900 East Main St, just east of I-15 in Barstow. The project includes demolition and the reconfiguration of 37.5k sf of space formerly occupied by Sears, to make room fo...
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• Construction Underway on Affordable Housing Development in Big Bear Lake
8/05/10
Construction is underway on a new a 42-unit affordable housing community within the city of Big Bear Lake. Called The Crossings at Big Bear Lake, the project is being developed by Urban Housing Communities LLC (UHC) in collab...
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• 11TH Annual High Desert Economic Summit Slated for September 17 in Victorville
8/03/10
Economic futures are still cloudy in California but some experts maintain that there are signs of recovery from the current financial crisis. What form will recovery take and how long will it be before real estate values rise...
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• ARK Management Lands 424k sf Retail Assignment
8/02/10
ARK Management was awarded the management assignment for Lake Elsinore Marketplace, a 424.9k sf power center in Lake Elsinore, CA. The firm has added more than 650k sf of third-party commercial management space to its portfol...
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• Phoenix Realty Group Purchases 424 Units in the Inland Empire
7/27/10
Phoenix Realty Group (PRG) recently acquired 424 apartment units in the Inland Empire in two transactions totaling over $30 mil. The properties were purchased on behalf of its institutional real estate fund targeting workforc...
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• Ontario Office Deals Ring Up to Over $10 Mil
7/20/10
A pair of recent office leases in Ontario combined for over $10 mil in total value. The transactions, with University of Phoenix and Defense Contract Management Agency (DCMA), took place at the 100k sf University Plaza, loca...
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• Sandie Smith and Angie Nett Join Grubb & Ellis
7/19/10
Sandie B. Smith and Angie Nett have joined Grubb & Ellis Company as Senior Vice President and Senior Associate, Retail Group, respectively. The team, which specializes in leasing and sales, joins from CB Richard Ellis.
As...
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• National University Agrees to Ontario Office Renewal
7/08/10
National University, California’s second-largest private, non-profit institution of higher education, recently closed a notable office lease in Ontario, agreeing to a long-term deal for 25k sf with the Empire Towers office pa...
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• 264k sf Ontario Industrial Facility Sells to Cels
7/08/10
In a recent Ontario owner/user buy, Cels Enterprises, a shoe sales company, purchased a 264.7k sf industrial building at 1251 S. Rockefeller Ave, north of Jurupa St and just west of I-15. The property was sold by Arrow Electr...
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• Clothing Distribution Company Leases San Bernardino Facility
7/06/10
FTDI West Inc, a Florida-based clothing distribution and logistics company, signed a 66-month lease for the entire 191.2k sf building at 5404 Industrial Pkwy in San Bernardino, within the Industrial Parkway Business Center. ...
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• DirecTV Leases Victorville Space
6/22/10
DirecTV leased a 13.2k sf concrete tilt-up industrial building in Victorville to be used as the company’s regional service center for the High Desert and surrounding areas. The building is located on Bonanza Rd, off of Park A...
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• Plastipak Takes Another 65k sf at Victorville Industrial Complex
6/21/10
Plastipak Packaging Inc leased 65k sf of additional industrial space in Victorville after signing a new eight-year, $2 mil ($0.32/sf/mo) deal with Stirling Capital Investments at Southern California Logistics Centre (SCLC), a...
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• Dedeaux Properties Celebrates 135k sf Inland Empire Lease with Plenty of Ribbon
6/14/10
Hollywood Ribbon Industries inked a lease for 135k sf of industrial space at a recently renovated Rancho Cucamonga property. Located at 9000 Rochester Ave, south of Foothill Blvd and just west of I-15, the property offers ex...
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