| U.S. Hits Record Number of Warehouse Leases of 1 msf or Greater in 2021
This report was provided by CBRE
Last year was a record year for large warehouse leases, driven by a rebounding economy and strong e-commerce sales. Companies committed to 57 warehouse leases of 1 msf or larger across the U....
| Link Logistics and Western Realco Pick Up 16.5-Acre Corona Redevelopment Site
A partnership between Link Logistics and Western Realco acquired a 16.5-acre industrial redevelopment site in Corona with plans to redevelop the site. The land, located at 1375 Magnolia Ave, was sold by McWane Inc, one of the...
| New Standard Equities Pays $342k per Unit for Upland Res Community
New Standard Equities has acquired The Benson, a 236-unit multifamily property in Upland, for $80.75 mil, or $342.2k/unit. The property was sold by an affiliate of Abacus Capital Group.
Built in 1973, The Benson sits on a 51...
| Alere Property Group Acquires 700k sf Single-Tenant Industrial Facility in the Inland Empire
Alere Property Group purchased Freeway Business Center, a new state-of-the-art industrial warehouse facility located in Riverside. The facility, completed in 2021, is leased to UNIS LLC, a national third-party logistics provi...
| Riverside Multifamily Property Trades for $424k/Unit
Canyon Crest Luxury Apartments, a 106-unit, value-ad multifamily property in Riverside, was purchased for $45 mil ($424.5k/unit) by R.W. Selby from the original developer/owner. The buyer plans to make extensive renovations t...
| Large SoCal Land Site Trades for Over $300 Mil
Weíve learned of a big SoCal land sale that just closed, although we donít have a lot of details.
The property is a 94.17-acre site located at 12343-12455 Arrow Route in Rancho Cucamonga. It is situated just south of Foothi...
| Walton Street Capital Affiliate Buys 182k sf Inland Empire Industrial Facility
An affiliate of Walton Street Capital purchased a 182.6k sf industrial building in the Inland Empire city of Colton. The price was not disclosed.
The property, located at 1603 S. La Cadena Dr, is a new Class A building, feat...
| Rexford Industrial Realty Rings in the New Year with $270 Mil of End-of-Year Purchases
Rexford Industrial Realty closed out 2021 with the acquisition of eight industrial properties for an aggregate purchase price of $270 mil. The acquisitions were funded using cash on hand and proceeds from forward equity settl...
| Village Partners Ventures and The Bascom Group Secure Land and Financing for Mixed-Use Project in Montclair
Village Partners Ventures LLC and The Bascom Group LLC have teamed up on a construction loan and a $10 mil land buy in Montclair to develop a mixed-use project named Village at Montclair. The development, sitting on six acres...
| Inland Empire Shell/Circle K Gas, Store and Car Wash Property Trades in $9.3 Mil Transaction
A private investor paid $9.34 mil for a Shell Gas Station, Circle K Convenience Store and Car Wash in Jurupa Valley. The purchase included both the business and the real estate.
Located at 3873 Pyrite St, directly off the h...
| Two Retail Properties in Chino Hills Trade in Separate Deals Totaling $19 Mil
There have been two Chino Hills multi-tenant retail property sales to report, in deals totaling just over $19 mil. The properties -- Chino Hills Grand Plaza and Gateway Village -- were acquired by separate buyers. They combin...
| Jupiter Holdings Tilts Walls on 84k sf Industrial Facility in Menifee
Jupiter Holdings LLC recently completed tilting walls for its newest Building 2, an 84.3k sf industrial building in the south Riverside County city of Menifee. The building is located at 33360 Zeiders Rd, just off I-215 south...
| L.A. Multifamily Investor Lands $93 Mil in Financing on Three Inland Empire Properties
An L.A.-based investor has obtained $92.7 mil in debt and equity financing for a 397-unit multifamily portfolio consisting of three properties in the Inland Empire. The transactions consisted of refinancings for two of the pr...
| Greystar Real Estate Partners Buys 264-Unit Res Community in Riverside
Greystar Real Estate Partners purchased Viano at Riverwalk, a 264-unit apartment complex in Riverside. The property was sold by Griffin Living, a nationally recognized leader in senior living, multi-family, and retail develop...
| Overseas Investor Pays $373k per Unit for Multifamily Asset in Ontario
Hallmark at Mission, a 75-unit multifamily community in Ontario, recently traded to a private foreign investor for $28 mil, or $373.3k/unit, in an all-cash transaction. Located at 840 S. Magnolia Ave, the four-story property ...
| Cold Storage Facility in Colton Gets New Owner After $7.5 Mil Sale
A 45k sf cold storage manufacturing facility in Colton sold for $7.5 mil ($167/sf). Built in 1984, the structure sits on 4.28 acres at 1750 N 8th St.
The property features a food processing plant including cold storage. It a...
| Duke Realty Locks Up Long-Term Tenant for 1.2 msf Spec Logistics Facility
Lecangs LLC signed a long-term lease for a 1.2 msf, spec logistics development on 55.2 acres in the Inland Empire East submarket, one of the nationís top industrial markets. The project is scheduled for completion by the end ...
| Stos Partners BuysVacant 139k sf Industrial Building in Jurupa Valley
Stos Partners paid $19.8 mil for a vacant 139k sf ($142/sf) industrial building located at 10220 San Sevaine Way in Jurupa Valley.
Built in 1986 and situated on 8.24 acres, the asset includes approximately 7k sf of office s...
| Grocery Outlet Takes 21k sf Space at La Quinta Retail Center
Grocery Outlet inked a 10-year lease of a 21k sf space at La Quinta Village Shopping Center, located at Washington St and Calle Tampico in the city of La Quinta. The lease value was not disclosed.
La Quinta Village Shopping ...
| Single-Tenant Walgreens in Lake Elsinore Sells for $10.5 Mil
In a recent single-tenant investment buy in Lake Elsinore, a 13.7k sf, net-leased building occupied by Walgreens sold for $10.5 mil, or $766/sf. Built in 2011, the building is situated on 1.36 acres at 160 Diamond Dr, at the ...