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• 1031 Exchange Buyer Reaches $25 Mil Crossroads in Chino Hills
5/01/09
Here’s the scoop on a sizable retail trade from the Inland Empire, as a 1031 exchange buyer acquired the 90.9k sf Crossroads Entertainment Center in Chino Hills for $25.53 mil ($281/sf). The property is situated on 10.5 acres...
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• San Jacinto Seeing Steady Demand for Retail
4/29/09
Despite the economic woes that have hit Southern California, the City of San Jacinto in Riverside County has enjoyed a number of recent retail openings in addition to considerable new construction planned or underway, some of...
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• Inland Empire Retail Center Fetches $79 Mil Price Tag
4/28/09
The Inland Empire recently saw a significant retail investment deal, as SKT Investments acquired the 539.3k sf Crossroads Marketplace in Chino Hills for $79 mil, or roughly $146/sf. As part of the transaction, SKT assumed the...
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• IDS Group Leases 645k sf Mira Loma Facility
4/23/09
Here’s news of a very large SoCal industrial lease, as IDS USA, an integrated distribution services provider and IDS Group company, agreed to a deal for a 645k sf warehouse facility in Mira Loma. The building, AMB Galleano, i...
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• NAI Capital Expands Inland Empire Team
4/21/09
Encino-based NAI Capital is expanding its efforts in the Inland Empire with the recent addition of a number of brokerage pros to the company’s offices in Riverside and Ontario.
Joining the firm’s Riverside office are broker...
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• $110 Mil High School Project Completed by Barnhart
4/17/09
In the latest SoCal construction news, Barnhart Inc has completed the $110 mil Tahquitz High School for the Hemet Unified School District. The 238.1k sf campus was phased in over four years and incorporates the best features ...
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• Exchange Buyer Acquires 25k sf Portion of Rancho Cucamonga Center
4/15/09
A 25k sf portion of shop space within Day Creek Village, a grocery anchored shopping in Rancho Cucamonga, was acquired by a 1031 exchange investor for $11 mil, or about $440/sf. The center is located at 12223-12273 Highland A...
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• New Rancho Cucamonga Mixed-Income Housing Project Underway
4/14/09
Construction on a new, 166-unit workforce housing project in the Inland Empire is well underway. Called Villagio at Route 66, the project is being developed by Workforce Homebuilders LLC of Rancho Cucamonga, in a partnership ...
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• Inland Empire Retail Market Not Quite Ready for a Rebound
4/09/09
With the local economy weakened by deep job cuts and the housing downturn, developers are reducing retail completions considerably in the Inland Empire, however; the overhang of space from store closures is expected to persis...
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• Barnhart Gets Good Grades for completed $32 Mil Project at San Jacinto High School
4/08/09
Work on a $32 mil project at San Jacinto High School that includes a 77.2k sf addition along with the modernization of existing space has just been completed. The expansion, handled by Barnhart Inc on behalf of the San Jacint...
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• HFF Finds Fairway to Arrange $22 Mil for Inland Empire Complex
4/07/09
HFF (Holliday Fenoglio Fowler L.P.) has secured $22.1 mil in refi money through Freddie Mac for Fairway Palms Apartments, a 236-unit multifamily community in Rancho Cucamonga. Fairway Palms Apartments is located at 11201 5th ...
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• Local School District Picks Up 34k sf Vacaville Office Building
4/03/09
The Vacaville Unified School District recently acquired a 33.6k sf Class A office building in the city of Vacaville for administrative office use. The two-story Class A building was built in 2007 and is part of the three-buil...
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• Western National Lands Leasing/Management Assignment for New Inland Empire Project
4/01/09
Hutton Development Company has awarded the leasing and management responsibilities for its new luxury apartment community, College Park Apartment Homes, to Western National Property Management. College Park is a 448-unit, 40...
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• Automotive Parts Distributor Spends $25 Mil on Moreno Valley Facility
3/31/09
In a notable industrial property buy, even for the Inland Empire, a 408k sf facility in Moreno Valley was just acquired by Springfield, MO–based Ozark Automotive Distributors for $25 mil ($61/sf). The buyer will use the prope...
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• Claremont University Consortium Inks Lease for Book Repository in Upland
3/25/09
In the latest activity from the Inland Empire, Claremont University Consortium, out of Claremont, inked a five-year lease for a 20.5k sf industrial building at 2038 W. Eleventh St, south of Foothill Blvd and east of Claremont...
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• New Victorville Facility Goes from Stirling to Gold
3/24/09
Stirling Capital Investments was awarded a LEED Gold certification from the U.S. Green Building Council (USGBC) for an industrial distribution facility constructed within Southern California Logistics Centre (SCLC) in Victorv...
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• New 127-Acre Industrial Development Planned for Mojave
3/19/09
Two very active SoCal-based brokerage firms – NAI Capital and The Bradco Companies -- were named to jointly market a new, 127-acre fully entitled industrial project in Mojave, CA. The rail-served development, adjacent to the ...
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• Barnhart Fired Up Over $64 Mil Weapons Center Project
3/17/09
In news of an interesting SoCal commercial development, Barnhart Inc and Naval Facilities Engineering Command (NAVFAC) Southwest have just broken ground on the $63.7 mil Weapons and Armament Technology Center at the Naval Air...
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• Investors Continue to Pursue NNN Retail Opportunities
3/13/09
Despite the current economic downturn, NNN-leased retail properties continue to be desirable investment commodities in well-positioned markets, as evidenced by a trio of recent deals brokered by Cushman & Wakefield. The trans...
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• Menifee Retail Center Sells for $397/sf
3/10/09
Newport Crossing, a 25k sf retail center in the Riverside County community of Menifee, was acquired by LA-based Arya Investments LLC for $9.95 mil ($397/sf). The property is located at 26015-26035 Newport Rd, at the signalize...
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