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OC Firm Looking to Become Master of Corona Value-Add Domain 10/16/07 Newport Beach-based Master Development Corporation (MDC) has acquired two industrial buildings totaling 100k sf in Corona for $9.2 mil ($92/sf). The buildings, located at 2465 and 2485 Railroad St, north of the 91 Fwy and ea...
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Inland Empire Retail Update 10/12/07 In this retail comp review, we’ll let you know about two recent closed sales from the Inland Empire, both of which were brokered by Marcus & Millichap, as well as a large for sale listing by REZA. In the slightly more expensi...
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New CREW Sets Up in the Inland Empire 10/09/07 Commercial Real Estate Women (CREW) has formed a new Inland Empire chapter, which has selected Ruby Simpson, CCIM and Senior Advisor at Sperry Van Ness, as President for the organization’s inaugural term. CREW is the industry...
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Inland Empire’s Office and Industrial Markets Turn in Healthy Numbers 10/08/07 It was a strong third quarter for the Inland Empire office market, as more than a million square feet new office space was completed, 58 percent of it pre-leased, according to the latest data from Grubb & Ellis Company. The i...
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Construction of Indio Grocery Store is Fresh & Easy 10/05/07 Construction is underway on the first Fresh & Easy grocery store in the Coachella Valley. The store is part of Shadow Hills Plaza, located at the northwest corner of Jackson St and Avenue 42 in North Indio. The new concept is...
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AMB Cooks Up 564k sf Lease with Weber for Inland Empire Space 10/04/07 Weber Distribution, a third part logistics provider (not the BBQ manufacturer), has inked a 10-year lease for 564k sf of space at AMB Redlands Distribution Center, a 1.3 msf warehouse under development in Redlands, an Inland ...
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DBN Breaks Ground on San Jacinto Medical Condo Project 9/28/07 DBN Development LLC, a Laguna Hills-based developer, has broken ground on Parkside Medical Center, a multi-phased state-of-the-art medical office condo complex in San Jacinto. Parkside is located on the corner of Palm and Esp...
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Atlanta Buyer Takes $92 Mil Swing at El Rivino Golf Course 9/24/07 Atlanta-based Oakmont Industrial Group has acquired the 192-acre El Rivino Golf Course in the Crestmore area of San Bernardino County, along with surrounding properties in Rialto. The course is located at the northwest corner...
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Silagi to Break Ground on Downtown Riverside Office Tower 9/21/07 Construction on a new 10-story Class A office tower in downtown Riverside, the first such project in the area in more than 17 years, is expected to get underway within the next couple of weeks, after having recently received ...
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Desert Springs Retail Center Trades for $37 Mil 8/27/07 Desert Springs Marketplace, a 105.2k sf retail center in Palm Desert, was acquired by a Bellevue, WA-based private investor for $37.3 mil ($355/sf). The purchase also included land for a 10k sf expansion.
The shopping cente...
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Inland Empire Retail Center to Get Facelift 8/09/07 Upland Town Square, a 105k sf shopping center located on the northwest corner of Foothill Blvd and San Antonio Ave in the heart of the City of Upland, is about to get a major facelift. The center was acquired in November of 2...
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