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May 22, 2024
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INLAND EMPIRE NEWS
Archive
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• Increased Construction Expected to Bump Up Retail Vacancies in the Inland Empire
3/07/08
While an increase in construction activity is expected to lead to an uptick in vacancy this year, the Inland Empire’s strong demand drivers support a favorable long-term outlook for the region’s retail market, according to th...
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• New Grocery and Drugstore-Anchored Center Gets Underway in Corona
3/04/08
Residents in many parts of the Inland Empire are enjoying many more shopping choices these days, as developers continue to add more product to the region to meet the demands of a diverse and growing population. In Corona, Mar...
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• New Venture to Provide Expanded Services to the Coachella Valley
3/04/08
RiverRock Real Estate Group and Wilson Johnson Commercial have joined forces in a new venture to be called Wilson Johnson RiverRock, which will be the only Accredited Management Organization (AMO) based in Palm Desert. The ar...
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• Ontario Strip Center Sells for $7.4 Mil
3/03/08
Archibald’s Plaza, a 15.5k sf Starbucks-anchored retail center in Ontario, was purchased by a Rolling Hills Estates-based investor for $7.38 mil ($476/sf). The multi-tenant strip center is located at 2910 & 2920 Archibald Ave...
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• Logistics Company Takes 340k sf San Bernardino Space
2/28/08
The Inland Empire is a favorite location for many logistics companies, due in great part to the region being ideally located for use as a major transportation hub for products coming through Southern California. A big deal in...
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• New Rancho Cucamonga Center Sells for $681/sf
2/28/08
A San Diego-based investment entity paid $19.75 mil for Foothill Plaza, a 29k sf ($681/sf) center in Rancho Cucamonga. The property, which was completed in July 2007, is located at the intersection of the 15 Fwy and Foothill ...
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• Developer Sees Stirling Opportunity in Victorville
2/27/08
As more and more major companies are turning to Victorville and the High Desert area as a major distribution hub, development activity in the region continues to grow. One company that is very high on the High Desert is Stirl...
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• San Bernardino Apartment Complex Sells for $26.5 Mil
2/26/08
A 197-unit apartment community in San Bernardino sold for $26.5 mil, or $134.5k/unit, in a recent transaction. The 164.8k sf asset, called Mountainside Village Apartments, is located at 1660 Kendall Dr, east of I-215 at Unive...
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• Riverside Center Gets Underway
2/25/08
Construction has just begun on a new 26.4k sf convenience center in the city of Riverside that is already 85% pre-leased. The development, Orangewood Centre, is located at the northeast corner of Van Buren Blvd and Dauchy Ave...
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• Home Depot Relocates from Chino to Ontario
2/20/08
Home Depot, the giant home improvement chain, is on the move in the Inland Empire, relocating from Chino to Ontario, only a short distance away. The retailer’s existing 102.7k sf store, located at 5450 Walnut Ave in Chino, wa...
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• Cathedral City Ground-Leased Retail Site Sells for $1.57 Mil
2/12/08
A 30k sf lot in the newly constructed Vista Chino Village shopping center in Cathedral City traded hands in a recent ground-lease sale valued at $1.571 mil, or $515/sf, based on a building size of 3.1k sf. It is located south...
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• Corona Building is the Fleetwood of Industrial HQ Facilities
2/11/08
A 207.4k sf industrial building in the city of Corona was purchased by Fleetwood Aluminum Products Inc at a cost of $21.5 mil ($104/sf) for the company’s new HQ facility. Located at 395 Smitty Way, the building will be used f...
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• Master Plan in Corona Calls for New Distribution Facility
2/08/08
The Inland Empire city of Corona continues to be a draw for businesses looking for well-located distribution facilities and for developers looking to address the growing demand for space. One of the newest projects to be adde...
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• Oakmont to Build Green Logistics Center in Redlands
2/06/08
A new state-of-the-art distribution center is in the works for the Inland Empire, with this latest project, in an infill location in Redlands, designed to meet the requirements for LEED® certification from the US Green Buildi...
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• New RENTV Executive Subscriber Report: Inland Empire Hot Transactions
2/04/08
Our latest Executive Subscriber report will update you on the past 12 months of closed deals from the Inland Empire, a large and rapidly changing SoCal region that is home to some of the largest industrial facilities in the ...
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• LA Developer has $23 Mil Riding on Carousel Mall Purchase
1/31/08
by Allen Wolfsheimer
An LA-based private developer closed on a large retail acquisition in the Inland Empire, after paying $23.5 mil for Carousel Mall, a 495k sf ($47/sf) property in downtown San Bernardino. The buyer plans to redevelop the prope...
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• St. Louis Investor Grows Portfolio with Greentree Plaza
1/29/08
A St. Louis, Missouri investor spent $5.26 mil on a 26.2k sf ($201/sf) shopping center in the High Desert community of Victorville. The property, Greentree Plaza, is located at 13708-13728 Hesperia Rd, east of I-15 off of Gre...
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• La Quinta Mini-Suite Office Project Opens for Business
1/24/08
Professionals and businesses looking for smaller office spaces in La Quinta have an exciting new option to consider, as a new Class A office and mini-suite building has just opened to the public. The project, La Quinta Busine...
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• Opus West to Create Haven for Rancho Cucamonga Businesses
1/18/08
A new 161k sf office/retail project in Rancho Cucamonga is slated to get underway in the coming months, with completion anticipated for summer 2009. Called Haven Point, the project will be built by Opus West on a 10-acre land...
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• AMB Goes Wal-Mart Shopping
1/17/08
San Francisco-based AMB Corporation, one of the biggest distribution property landlords in Southern California, recently added to its portfolio with the acquisition of a 902k sf facility in the Inland Empire, currently occupi...
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