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CT Realty Fills Entire 572k sf Warehouse Property with Two Recent Signings 3/26/12 Beaumont Logistics Center, a 572.1k sf industrial warehouse property in Beaumont, has been fully leased by Updike Distribution Logistics and Hand Air Express, who recently inked new lease agreements at the state-of-the-art, L...
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Rexford Acquires Two Ontario Manufacturing Facilities 3/23/12 Rexford Industrial has acquired two manufacturing buildings with a single tenant in a $4.8 mil, off-market sale-leaseback transaction in Ontario. The buildings, situated on 8.93 acres of land at 1400 S Campus Ave, adjacent t...
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Rancho Cucamonga Facility to House Custom Goods 2/28/12 Custom Goods LLC, a third party logistics provider based in Carson, inked a lease for a 240k sf industrial building in Rancho Cucamonga. The property is located at 12200 Arrow Route Rd and offers prominent visibility from Cal...
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Moreno Valley Sports Authority Sells for $7.9 Mil 2/27/12 A 40k sf retail property occupied by Sports Authority in Moreno Valley sold for $7.85 mil ($196/sf). Built in 2009 and situated on 3.35 acres, the property is located at 12450 Day St, within the area’s main retail corridor a...
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SoCal Investors Acquire Two Bunch Palms Resort in Desert Hot Springs 2/23/12 An investment team comprised of Hollywood executives Steve Markoff, Donald Kushner, Elie Samaha and real estate investor Gidi Cohen have closed on an unusual SoCal acquisition, having purchased the Two Bunch Palms Resort & Sp...
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Two Palm Springs Retail Centers get $11.5 Mil in New First TD Financing 2/20/12 Palm Springs-based Wessman Development has obtained $11.5 mil in first mortgage debt cross-collateralized by two Class A retail centers in Palm Springs. The transaction was arranged by Ethan Schelin of Lucent Capital.
The tw...
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475k sf Inland Empire Retail Center Listed for Sale 2/17/12 Riverside Plaza, a 475k sf, dual-grocery/drug and entertainment-anchored center in Riverside has been listed for sale. The property is being marketed by HFF on behalf of the seller, The Westminster Funds. The center is a cor...
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320-Unit Murrieta Multifamily Asset Listed for Sale 2/15/12 Eagle Glen Apartment Homes, a 320-unit res community in Murrieta, has been listed for sale. Built in 2002 as condominiums, the offering consists of 12.03 acres of lavishly landscaped grounds overlooking the Golf Club at Ranch...
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Two Inland Empire Single-Tenant Retail Sales Total Over $5.5 Mil 2/09/12 We’ve got two notable Inland Empire retail sales to report. In one, a single-tenant property occupied by Farrell’s Ice Cream Parlour Restaurant in Rancho Cucamonga recently sold for $3.29 mil. The property is located at 10742...
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Claremont Apartment Community Fetches Over $15 Mil 2/07/12 Claremont Villas, a 154-unit apartment community in Claremont, sold for $15.3 mil ($99.4k/unit) after generating multiple offers. The property is located at 100 South Indian Hill Blvd, north of Arrow Hwy and I-10.
Claremont...
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Dominion America Realty Advisors Negotiates Loan Mod and Restructuring on Inland Empire Medical Facility 1/25/12 Dominion America Realty Advisors (“DARA”) recently closed a loan modification and finance restructuring on a newly acquired assisted living and memory care facility in Riverside County. DARA’s President, Paul Horvitz, and Exe...
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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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