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• Murrieta Retail Property Sells for $975/sf
10/02/24
A two-tenant, 5.1k sf retail property in Murrieta traded hands in a $5 mil transaction. The property, located at 27970 Clinton Keith Rd, was recently built in spring 2024 and is fully occupied by Verizon Wireless and Chipotle...
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• $29 Mil Renovation Project Completed at Riverside City College
9/30/24
C.W. Driver Companies has completed a $29.3 mil renovation at Riverside City College with the transformation of the former Physical & Life Science Buildings, built in the 1960s, into the new Business, Law, and Computer Inform...
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• Investors Trade Riverside Multifamily Property in $10 Mil Deal
9/19/24
Ramona Oaks Apartments, a 44-unit multifamily property in Riverside, sold for $10.15 mil, or $231k/unit. The property is located at 3401 Ramona Dr, on the northwest side of the 91 Fwy.
The community offers a mix of one- and ...
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• Pic N Save Bargains Leases Former 99 Cents Only Store Location in Victorville
9/16/24
Pic N Save Bargains inked a 10-year lease for a 29.7k sf anchor space within a Superior grocers-anchored retail property in Victorville. The space, located at 14670 7th St, was formerly a 99 Cents Only Store.
The store is ex...
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• BioLife Plasma Services Takes 18.6k sf Space in Victorville
9/13/24
BioLife Plasma Services has inked a lease for 18.6k sf of space in Victorville. Terms of the deal were not disclosed.
The property is located at 12480 Amargosa Rd, within Victorville Shopping Center; a power center totaling ...
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• Inland Empire Retail Market Sees Steady Growth Amid Evolving Demographic and Economic Shifts
9/05/24
This report provided by real estate services firm NAI Capital Commercial
MARKET OVERVIEW
The Inland Empire’s retail market has seen notable growth over the past year, driven by population in-migration and the region’s more...
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• Four Inland Empire Car Wash Properties Trade in Separate Deals
8/29/24
Four Inland Empire, non-operating car wash properties were purchased for an undisclosed price by three different Southern California-based private investors in four separate transactions. The properties are located in Apple V...
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• Riverside Chipotle-Anchored Asset Sells for $927/sf
8/20/24
A Los Angeles-based 1031 exchange investor purchased a recently constructed, three-tenant net-leased investment anchored by a Chipotle Mexican Grill with a drive-thru “Chipotlane” in Riverside. The 6.3k sf property, which tra...
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• New $54 Mil School Campus Completed in Riverside County
8/12/24
The Menifee Union School District’s newest campus, the Sally Buselt Elementary School, is now open for business. The all new $54.5 mil K-5 elementary school will serve up to 600 students residing in Riverside County. The proj...
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• Simpler Space Leases Full Floor at Chino Office Building
8/05/24
SimplerSpace has opened a coworking location in the Inland Empire city of Chino. The new space occupies the entire 13.5k sf fourth floor at 14726 Ramona Ave. It has more than 50 offices/suites.
This newest location adds anot...
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• Inland Empire EoS Fitness Property Goes for $350/sf
8/02/24
A SoCal investor in a 1031 exchange paid $13.3 mil for a newly developed EoS Fitness property in French Valley, a city within the greater Temecula market in south Riverside County. The 38k sf ($350/sf) building is situated on...
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• New York Firm Buys 726-Unit Inland Empire Self-Storage Property
8/01/24
Merit Hill Capital purchased Bear Valley RV Park and Self Storage, a 726-unit self-storage facility in the Inland Empire community of Hesperia. Merit Hill is a real estate investment firm based in Brooklyn, NY that is focused...
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• Retail Strip Center in Downtown Riverside Goes for $500/sf
8/01/24
An OC-based private investor paid $3.65 mil for a 100% leased, 7.3k sf ($503/sf) retail strip center located at 3948-3964 University Avenue in Downtown Riverside.
The strip center was recently remodeled and is home to six di...
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• Western National Property Management Awarded 330-Unit Assignment in Palm Desert
7/26/24
Metonic Real Estate Solutions has awarded Western National Property Management (WNPM) the assignment to manage Millennium Apartments, a 330-unit luxury multifamily apartment community in Palm Desert, CA.
Ideally situated ami...
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• Dedeaux Properties and Basis Investment Group Buy Fee Simple Land Interest Under Rialto Warehouse Project
7/26/24
Dedeaux Properties and joint venture partner Basis Investment Group have acquired the fee-simple interest in the land under Rialto Village, its recently completed 83.3k sf high velocity warehouse building in Rialto, for $12.8...
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• 1,000-Unit Res Portfolio Lands $128 Mil Refinancing
7/23/24
San Diego-based Tower 16 Capital Partners has secured a $128 mil refinancing of a four-property multifamily portfolio comprising nearly 1,000 units across California and Arizona. The new fixed-rate agency loans feature five-y...
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• Overton Moore Properties Buys 104k sf Inland Empire Industrial Facility
7/12/24
Overton Moore Properties purchased a 104.5k sf, Class A industrial building in San Bernardino from Bixby Land Company. The fully leased property is located at 19949 Kendall Dr, adjacent to I-215 just northwest of California S...
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• Chick-fil-A Sale in Murrieta Closes at 3.9% Cap Rate
6/25/24
A private investor paid $6.15 mil for a ground leased property occupied by a 5k sf Chick-fil-A restaurant in Murrieta. The new construction property is located at 27960 Clinton Keith Rd, adjacent to the east side of I-215. It...
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• AO Wins Multiple Awards at PCBC Gold Nuggets Ceremony
6/21/24
Architecture firm AO was a multiple-award winner at the recent PCBC Gold Nugget Awards ceremony, held at The Westin Resort in Anaheim.
The Gold Nugget Awards, which debuted in 1963, is the oldest and most prestigious desig...
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• Commercial Real Estate Financing Briefs
6/20/24
MARCUS & MILLICHAP CAPITAL CORPORATION -- Michael Derk and Paul Bitonti with Marcus & Millichap Capital Corporation arranged a $12.5 mil refi loan on a medical office building located in La Paz Plaza in Mission Viejo. La Paz ...
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