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• Brookfield Asset Management Acquires New 1.8 msf Inland Empire Distribution Development in $329 Mil Deal
2/07/23
Brookfield Asset Management acquired a newly built, 1.8 msf, two-building distribution center in Riverside County from Shopoff Realty Investments and Artemis Real Estate Partners in a deal reportedly worth $329 mil ($183/sf)....
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• NFI Industries Renews Lease at 864k sf Industrial Facility in Perris
2/03/23
NFI Industries, a supply chain solutions provider, has inked a lease renewal for Perris Distribution Center, an 864k sf industrial facility in Perris. Located at 657 Nance St, Perris Distribution Center is a two-story cross-d...
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• Paladin Equity Capital Acquires 1.7 Acres in San Bernardino for a Hotel Project
1/30/23
Paladin Equity Capital purchased 1.72 acres of land at 898 E. Harriman Place in San Bernardino for $1.85 mil. The land is adjacent to Best Buy and is located in the popular Hospitality Lane District, which is a major Inland E...
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• Birtcher Development Lands Entitlements for 330k sf Inland Empire Industrial Project
1/24/23
Birtcher Development has secured entitlements for Birtcher Logistics Center Fontana, a planned 330k sf industrial development in Fontana. Construction is expected to begin on the state-of-the-art distribution facility in the ...
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• Newly Constructed Menifee Retail Center Sells for almost $600/sf
1/20/23
Center Pointe, a 41.5k sf, newly developed grocery-anchored retail center in Menifee, traded hands for $24.6 mil ($593/sf). The recently constructed center is 96%-leased to Sprouts, Wendy’s and Olive Garden, as well as local ...
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• Inland Empire East Valley Industrial Market Enjoyed Continued Momentum in Fourth Quarter 2022
1/10/23
This report was provided by real estate services firm Lee & Associates
The Inland Empire East Valley industrial sector continued its steady momentum throughout the fourth quarter of 2022. Gross absorption for 2022 totaled 20...
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• MGR Real Estate Closes $39 Mil Inland Empire Office Buy
1/09/23
MGR Real Estate has purchased Ontario Airport Tower, a 147.7k sf, Class A office tower in Ontario, for $39 mil, or $264/sf. The six-story, LEED-Silver Certified building is located at 2855 East Guasti Rd, east of Archibald Av...
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• Sunrise Brands Inks Lease for New 446k sf Facility at Tejon Ranch
1/09/23
Sunrise Brands has agreed to a pre-lease of still-to-be-constructed, 446k sf industrial facility within Tejon Ranch Commerce Center (TRCC) in Tejon Ranch. Sunrise Brands is a leading designer, producer, distributor, and retai...
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• ATV Manufacturer Buys Three-Building Industrial Campus in Jurupa Valley
12/21/22
A Riverside-based ATV and UTV manufacturing and distribution company has acquired three freestanding industrial buildings on nearly five acres of land in Jurupa Valley. The firm plans to occupy the industrial park, located a...
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• GLP Capital Partners Completes $90 Mil Inland Empire Purchase
12/21/22
GLP Capital Partners has closed out 2022 with the purchase of a 354.8k sf, single-tenant, NNN, Class-A Industrial facility in the Inland Empire for $90 mil ($254/sf). The asset is located at 251 E. Rider St, east of I-215 in ...
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• Chino Designated as One of the Top Ten “Boomtowns” in the Nation
12/15/22
The City of Chino has been recognized as a "Boomtown," which means it is one of the top ten fastest growing cities in the nation. SmartAsset.com reviewed the data for 494 of the largest cities in the United States, measuring ...
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• Adjacent Single-Tenant Retail Properties in Riverside Trade in $4.22 Mil of Deals
12/12/22
Two adjacent single-tenant retail properties in downtown Riverside were purchased by private investors in separate deals totaling $4.22 mil. The buildings, located at 3940 and 3980 University Ave, have a combined 5.75k sf of ...
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• Inland Empire Industrial Facility Acquired for $59 Mil by Ares Management Fund
12/12/22
A 205.6k sf industrial building in the Inland Empire city of Perris was purchased for $59.275 mil ($288/sf) by a fund managed by Ares Management. The facility is fully leased to GPA Logistics.
Built in 2022, the facility is...
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• Inland Empire Distribution Facility Trades in $220 Mil Deal
12/06/22
A 760k sf warehouse facility in the western Inland Empire city of Eastvale traded in a $220 mil ($290/sf) transaction. The property, situated on roughly 43 acres at 13000 Mission Blvd, was purchased by New Jersey-based NFI In...
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• Private Investor Spends $11.25 Mil on Palm Springs Affordable Housing Community
11/28/22
Sunnyview Villa Apartments, a 44-unit garden-style multifamily community in Palm Springs, was purchased by a California-based affordable housing investor for $11.25 mil ($255.7k/unit). Built in 1980, the property is located a...
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• Westport Properties to Develop 100k sf Inland Empire Industrial Facility
11/22/22
Westport Properties plans to build a 99.9k sf, Class A industrial building in the Inland Empire city of Perris. The company acquired the land in September 2022. It is located at the corner of Ramona Expy and Brennan Ave.
W...
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• Fully Leased Neighborhood Center in Chino Goes for $8.4 Mil
11/18/22
Chino Village, a 20.6k sf neighborhood retail center in Chino, sold for $8.4 mil. The sale included approximately 2.5 acres of undeveloped land with flexible zoning.
Built in 1984, Chino Village is 100% leased. It is locate...
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• Dunleer Spends $8 Mil for 43k sf of Industrial Space in the Inland Empire
11/10/22
Dunleer has acquired 11 industrial buildings totaling 43.4k sf of space in Upland for $8 mil ($184/sf). The buildings are situated on three separate parcels across 3.13 acres at 928, 1004 and 1024 9th St, within the Inland Em...
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• Target Leases Former Kmart Space in Ontario
11/10/22
Retailing giant Target has inked a lease for 70k sf of space at 1670 E. Fourth St in Ontario. The location is within the 151k sf, freeway adjacent Vineyard Freeway Center.
Target’s space is part of a 94k sf, former Kmart st...
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• Planned Inland Empire Truck Terminal Project Lands $25 Mil in Construction Money
11/10/22
A Los Angeles real estate firm has secured $25 mil in construction money for the development of a 53.3k sf, Class A truck terminal situated on 10.5 acres in Perris. The unnamed borrower has specialized in entitling, developin...
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