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• Rancho Cucamonga Medical Office Building to Get Some Plastic Surgery
10/17/08
Catching up on some recent deal comps from the Inland Empire, we’ll start off in Rancho Cucamonga, where Dr. Jacob Haiavy paid $3.1 mil for an 11k sf ($282/sf) medical office building at 8680 Monroe Ct, south of Foothill Blvd...
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• Planned Mixed-Use Community in Indio Receives $26.5 Mil in Senior Debt
10/15/08
Development of Northgate Crossing, an 80-acre mixed-use community planned for the city of Indio, is closer to getting underway thanks to the recent senior debt financing placement of $26.5 mil, arranged by Highland Realty Cap...
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• New 90k sf Calimesa Retail Center to Break Ground
10/08/08
Developers of a new 90.3k sf neighborhood center in the City of Calimesa, The Shoppes at Calimesa, are about to break ground on the first of two phases. The $30 mil, 9.4-acre project, which is located on Calimesa Blvd at Myrt...
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• HFF Arranges $13.3 Mil for Third Phase of Rancho Cucamonga Multifamily Project
10/07/08
While financing has become more difficult to secure these days, opportunities do exist for the right deal, especially if the property has a good track record. For example, in Rancho Cucamonga, HFF (Holliday Fenoglio Fowler L....
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• Turner Development Looks to SchoolsFirst to Fill Riverside Office Project
10/01/08
In a recent Riverside office lease, SchoolsFirst Federal Credit Union, the nation’s largest credit union for school employees, took 22k sf of space at The Towers at Riverwalk, a two-building, four-story office development con...
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• Ontario Storage Facility Trades for $9.6 Mil
9/24/08
September 24, 2008 – Ontario Storage Facility Trades for $9.6 Mil
Inland Empire update includes deals from Chino, Montclair and Corona
The William Warren Group has acquired the Lockaway Storage facility in Ontario in a $9.6 ...
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• Inland Communities Donates 235 Acres to Cal State San Bernardino
9/23/08
Los Angeles-based Inland Communities Corp, which owns and is developing land north of California State University, San Bernardino (CSUSB), has donated 235 acres to the campus for use as a natural preserve, as well as four acr...
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• New Development is Fresh & Easy in Rialto
9/16/08
Despite all the reports of doom and gloom in the Inland Empire of late, Rialto, a city of just over 100,000 people situated just west of San Bernardino in San Bernardino County, is benefiting from population growth, new trans...
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• Investors Still Hot for NNN-Leased Retail Assets
9/12/08
While investment interest for some real estate product types has waned over the course of the year, demand for well-located single-tenant retail properties in Southern California remains strong. As evidence, we got the scoop ...
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• Passco Pays $12.5 Mil for Palm Desert Retail Development Project
9/10/08
Passco Companies Development LLC has acquired Washington Square, a six-acre, 50k sf retail project located just off I-10 at Washington St and Market Place in Palm Desert, still under development. Situated adjacent to the main...
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• Wildomar Office Lease is an Urgent Matter
9/04/08
In a recent Inland Empire office deal, Inland Urgent Care leased 5.1k sf of medical office space at 36320 Inland Valley Dr, east of the I-5 and south of Clinton Keith Rd in the newly incorporated city of Wildomar. The 10-year...
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• Riverside Medical Office Project Completed
8/27/08
The final phase of Medical Park at Riverwalk, a new medical office complex in the city of Riverside, has just been completed. The two-building project, built by Newport Beach-based Turner Development, helps satisfy a growing ...
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• Inland Empire Industrial Sales Total $8.4 Mil
8/25/08
Industrial facilities still make up the bread and butter of commercial real estate sales in the Inland Empire and in this report we’ll review three such deals from the region. The recent transactions took place in Rancho Cuca...
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• Long-Term Outlook for Inland Empire Office Market Remains Strong
8/22/08
The outlook for the Inland Empire office market over the remainder of 2008 is expected to be sluggish due to turmoil in the housing market and the general slowdown in the economy, however, the region’s strong demand drivers c...
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• Investor Picks Up Montclair Industrial Property for $3.5 Mil
8/15/08
Brooks Industrial Park, a 40k sf business park in the Inland Empire community of Montclair, recently traded hands in a $3.5 mil ($87.5k/sf) transaction. Situated on 2.88 acres at 4601-4607 Brooks St, south of the 10 Fwy and w...
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• 165-Unit Montclair Apartment Property Sells for $29 Mil
8/14/08
A 165-unit townhome development in the Inland Empire community of Montclair was acquired by a venture of Kennedy Wilson Multifamily Management Group (KW Multifamily) and PCCP LLC (PCCP) in a $29.25 mil ($177.3k/unit) transact...
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• Inland Empire Retail Properties Fetch over $600/sf
8/12/08
Three multi-tenant shopping centers in Arizona and SoCal traded hands in separate deals with a combined value of $16.575 mil. The Arizona deal was in Mesa, while the California transactions were in the cities of Riverside and...
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• Koll/PER Heads Upland for $40 Mil Acquisition
8/07/08
A 313.4k sf, multi-tenant business park that straddles the county line between Los Angeles and San Bernardino counties in Upland has been acquired for $39.9 mil ($127/sf) by Koll/PER, a limited liability company owned by The ...
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• Existing Tenants Renew 1.3 msf of Space at Shea Center in Ontario
8/06/08
Three recent lease renewals at Shea Center in the city of Ontario representing a substantial 1.3 msf of space were just completed at the Inland Empire distribution complex, located at 5200-5400 Shea Center Dr. In the largest ...
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• Ontario Industrial Building Sells for $118/sf
8/05/08
In a recent owner/user industrial buy in the Inland Empire, the International Association of Plumbing and Mechanical Officials (IAPMO), author of the Uniform Codes, paid $6.8 mil for a 57.8k sf ($118/sf) facility located at 4...
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