| Corona Lifestyle Center Gets New Owner in $47 Mil Transaction
The Shops at Dos Lagos, a 351.2k sf lifestyle shopping center in Corona, was acquired by Barret Woods & OERP LLC in a recent $47.375 mil ($135/sf) transaction. Built in 2006, the property is located at 2780 Cabot Dr, within t...
| Temecula Golf Club Trades in $4.65 Mil Deal
Cross Creek Golf Club, an Arthur Hill designed, 18-hole Cross Creek Golf Club in Temecula, was purchased by a Temecula-based private investor for $4.65 mil. The property, located at 43860 Glen Meadows Rd, was sold by ANB Ente...
| Pair of SoCal Industrial Leases Total Over 600k sf of Space
We’ve learned of two major SoCal industrial leasing transactions, totaling over 600k sf, which we’ll mention here.
In one, DNA Motor signed a lease for the entire 350k sf building at 20301 E. Walnut Drive North in City of In...
| Tricon Residential Inc, Foremost Pacific Group and Woodbridge Pacific Group Companies Start Work on Wildomar Res Community
Tricon Residential Inc, Foremost Pacific Group and Woodbridge Pacific Group Companies broke ground on Bacara, a 170-unit, modern Spanish townhome single-family rental community in Wildomar. The new, family-friendly townhome c...
| Richmond American Homes Buys Final 261 Single-Family Lots within Menifee Master-Planned Community
Richmond American Homes has purchased the final 261 single-family lots within the Braverde master-planned community in Menifee. The finished lots were sold by IHP Capital Partners. The transaction is the homebuilder’s second...
| Avanath Capital Management Picks Up Corona Senior Multifamily Community in $65 Mil Deal
In a multifamily buy from about a month or so ago, Avanath Capital Management LLC has acquired River Run Senior, a 360-unit senior affordable housing community in Corona. The transaction had a price tag of around $65 mil ($18...
| LuxView Properties Secures $93 Mil for Redlands Residential Development
LuxView Properties has obtained $93 mil in preferred equity and construction financing for the development of Venue at Orange, a 328-unit, wood-frame, garden-style multi-housing community in Redlands. The financing was arrang...
| Investors Trade Hemet Retail Asset for $9.5 Mil
Shops at KPC Towne Centre, a three-building, 20.2k sf retail property in Hemet, was acquired by a Los Angeles-based private investor for $9.55 mil ($473/sf). The fully occupied center sits on two acres at 2375 – 2465 W. Flori...
| Advanced Real Estate Closes $80 Mil Res Buy in the Inland Empire
Advanced Real Estate paid just over $80 mil for a 212-unit ($377.4k/unit) multifamily property near Downtown Riverside. The apartment building, called Mission Lofts, was completed in 2019 by the Realm Group, of Newport Beach....
| Inland Empire Raising Cane’s Trades for $2,000/sf
A San Diego-based high net worth investor based investor purchased a 4.1k sf, Raising Cane’s Chicken Fingers-occupied property in San Bernardino for $8.2 mil in an all-cash deal. We’re told that the sale, which works out to $...
| MG Properties Group Closes $156 Mil Multifamily Buy in the Inland Empire
MG Properties Group purchased Artesa at Menifee Town Center, a new 330-unit, Class A apartment community in the Inland Empire city of Menifee. The deal, said to be the fourth largest apartment sale ever in the Inland Empire,...
| Inland Empire Industrial Demand is Spiking
This Inland Empire Q3 2021 Industrial Market Outlook report was provided by real estate services firm NAI Capital.
The industrial market in the Inland Empire is going through the roof as a supply chain crisi...
| Ontario Starbucks Trades for almost $2,000/sf
A 2.4k sf, single-tenant retail property occupied by Starbucks in Ontario was acquired by Truman Johnson Inc in a $4.7 mil ($1,958/sf) deal. The property, located at 511 N Euclid Ave, was sold by a CA-based private investor.
| ARCO and AM/PM Property in Apple Valley Sells for $5.6 Mil
A free-standing ARCO Gas Station and AM/PM Convenience Store in Apple Valley traded hands for $5.65 mil. Built in 1998, the property is located at 15333 Rancherias Rd, at the signalized intersection of Rancherias Rd and US Hw...
| Inland Empire Mobile Home Community Trades for $7.85 Mil
A 40-unit mobile home community in the Inland Empire was purchased by a local 1031- exchange buyer for $7.85 mil in cash. The purchase consists of 40 individual mobiles homes, located within the Spring Knolls, Warm Spring Kno...
| SB Real Estate Partners Adds 124 Res Units in the Inland Empire to Its Portfolio
In a recent Multifamily buy out of the Inland Empire, SB Real Estate Partners (SBREP) has acquired ReNew Redlands, a Class B, 124-unit garden-style apartment community located in Redlands, for $46.2 mil ($372.6k/unit). SBREP ...
| San Bernardino Industrial Asset Goes for Just Over $21 Mil
A SoCal-based private investor paid $21.15 mil for Gifford Business Park, a multi-tenant, 156.9k sf ($135/sf) industrial property in San Bernardino. The property is located at 750-760 E. Central Ave and 765-791 S. Gifford Ave...
| Zurich Alternative Asset Management-Advised Investor Buys 225k sf Inland Empire Industrial Facility
An investor advised by New York-based Zurich Alternative Asset Management (ZAAM) recently closed on the acquisition of a 225.4k sf industrial building in the Inland Empire city of Colton. The property, I-215 Commerce Center, ...
| Two SoCal Single-Tenant Pharmacy Properties Trade in Deals Totaling Near $20 Mil
Here’s the scoop on two recent SoCal single-tenant retail sales totaling just under $20 mil. The buildings traded are NNN-leased to Rite Aid and Walgreens, demonstrating investor appetite for durable, well-located assets with...
| Alere Property Group Buys 422k sf Norco Biz Park
Alere Property Group has purchased Saddle Ranch Business Park, a 422k sf, Class A industrial warehouse complex in Norco. The asset, which is fully leased to vitamin and nutrition company, Goli Nutrition, was sold by CapRock P...