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Greystar Real Estate Company Picks Up 264-Unit 55+ Res Community in the Inland Empire 8/03/22 Greystar Real Estate Company has purchased The Village on 5th, a 264-unit 55+ age-restricted, multifamily community in Rancho Cucamonga. The property is located at 9400 Fairway View Pl, north of I-10 and west of I-15.
Villa...
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JPI Acquires 482-Unit Riverside Res Project Currently Under Construction 8/02/22 JPI acquired a 482-unit apartment project on approximately 18 acres located near the intersection of CA-60 and I-215 in Riverside. The project is part of a larger 35-acre mixed-use development called The Exchange being develo...
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Barstow KFC Sells for $2.85 Mil 7/26/22 A newly constructed Kentucky Fried Chicken in Barstow traded for $2.85 mil. The property was a built-to-suit construction with a drive-through and opened for business in February 2022.
The property is located at 1440 E. Main...
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Rexford Industrial Realty Completes $660 Mil of SoCal Industrial Buys 7/26/22 Rexford Industrial Realty closed on the acquisition of seven industrial properties for an aggregate purchase price of $660.9 mil. The purchases, made in June and July of this year, were funded using a combination of cash on h...
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Work Finished on 84k sf Building 2 at New Industrial Development in Menifee 7/20/22 Jupiter Holdings LLC has completed construction of Scott Road Commerce Center’s building 2, an 84.2k sf, Class A industrial building in Menifee. Located at 33360 Zeiders Rd, the structure offers heavy power capabilities with ...
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Sharp Capital and One Cole Group acquire 37k sf Industrial Building in Riverside 7/18/22 DSquared Capital LLC (DSC), a newly formed joint venture between Sharp Capital and Cole Capital Group, acquired a 37k sf industrial building in Riverside for $6.15 mil ($166/sf) in an off-market transaction.
The property is ...
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McDonald Property Group to Build 1.8 msf Inland Empire Distribution Facility for United Legwear & Apparel Company 7/13/22 McDonald Property Group will soon start work on a 1.8 msf, single-story 40’ clear distribution center strategically located in the Inland Empire city of Beaumont. The build-to-suit project is designed to meet the growing dema...
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Inland Empire Last Mile Facility Trades in $102 Mil Transaction 7/07/22 In a recent Inland Empire industrial investment sale, A 344.4k sf, LEED Silver-certified last-mile, robotics distribution facility traded for $102 mil, or $296/sf. The NNN-leased facility sits on 17.34 acres at 18025 Slover A...
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New Single-Tenant Starbucks Property in Mojave Goes for Over $1,500/sf 7/06/22 A 3k sf, new construction, single-tenant Starbucks Drive-Thru with a café in Mojave sold for $4.56 mil ($1,520/sf). The property is located on 0.86 acres at 15652 Sierra Hwy along Highway 14, just past the Highway 58 intercha...
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Dedeaux Properties Acquires Four Acres in Perris for Industrial Development 6/30/22 Dedeaux Properties LLC purchased two land parcels totaling 4.08 acres located at 945 and 995 W. Markham St in Perris for $5.96 mil. The land is planned for the development of an industrial facility.
Dedeaux Properties and it...
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Clear Capital Closes $82 Mil Multifamily Buy in the Inland Empire 6/23/22 Clear Capital purchased Foothill Ridge, a 232-unit apartment asset in Upland, for $82 mil, or $353.4k/unit. The property was sold by Virtu Investments.
Foothill Ridge Apartments is a garden-style apartment complex made up of...
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Real Estate Development Associates LLC and Clarion Partners-Led Fund Land $210 Mil in Construction Money for Ontario Industrial Development 6/22/22 A joint venture between Newport Beach-based Real Estate Development Associates LLC and an industrial fund managed by Clarion Partners LLC has obtained $210 mil in construction financing for the development of the first phase ...
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Interwest Capital Group Spends $45 Mil on 142-Unit Inland Empire Res Community 6/13/22 San Diego-based Interwest Capital Group paid $45.6 mil for ReNew Mills, a 1980’s built 142-unit multifamily community in Ontario. Located at 551 East Riverside Dr, adjacent to the Ontario Ranch master-planned community, the p...
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Moreno Valley Retail Asset Generates $21 Mil Sale 6/10/22 Moreno Beach Plaza II, an 82.3k sf retail center in Moreno Valley, traded hands in a recent $21 mil ($255/sf) deal. The property, located at 27610 Eucalyptus Ave, consists of three single-tenant parcels, a multi-tenant pad bu...
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Mammoth Lakes Retail Property Gets New Owner in $8.9 Mil Deal 6/09/22 Mammoth Main Street Promenade, a 42.8k sf shopping center located in the heart of Mammoth Lakes, CA, was purchased for $8.85 mil ($207/sf) by an OC-based 1031 exchange investor.
Built in 1988, Mammoth Main Street Promenade i...
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Inland Empire Cardenas Market Trades at 4.74% Cap Rate 6/07/22 A 43.4k sf, single-tenant net-leased investment occupied by Cardenas Markets in San Bernardino sold for $8.23 mil ($190/sf). The building, located within the fully leased Sterling Plaza shopping center in San Bernardino, trad...
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Ontario Res Community Trades for $434k/Unit 5/20/22 Charlmont Village Townhomes, a 55-unit property in Ontario, was acquired by a private investment group from Beverly Hills for $23.9 mil, or $434.5k/unit. The property was nearly 100% occupied at time of sale.
Built in 1984,...
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Red Mountain Group Closes $42 Mil Retail Buy in the Inland Empire 5/17/22 In a SoCal retail buy, Red Mountain Group purchased Country Fair Shopping Center, a 168.3k sf, multi-tenant neighborhood shopping center in Chino, for $42.25 mil, or $251/sf. The property was sold by a publicly traded real es...
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Nova Storage Buys 55k sf Inland Empire Facility 5/17/22 Nova Storage has boosted its portfolio with the recent purchase of Ballpark Self Storage, a 55.5k sf storage facility located in Adelanto, a city roughly 40 miles north of San Bernardino in the Inland Empire. Nova is a region...
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Dunleer Spends $2.3 Mil on Development Land in the Inland Empire 5/16/22 In Inland Empire development news, Dunleer has acquired a 4.6-acre land parcel located at the southeast corner of Cajon Blvd and June St in San Bernardino. Dunleer paid $2.275 mil for the site and plans to entitle it for a co...
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