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June 18, 2024
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INLAND EMPIRE NEWS
Archive
1  |  2  | 3  | 4  | 5  | 6  | 7  | 8  | 9  | 10  ...  87
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• Mixed-Use Property in Palm Springs Goes for $349/sf
11/28/23
New Dawn Enterprises LLC paid $7.3 mil for a 20.9k sf ($349/sf) mixed-use property in Palm Springs. The seller was 803 N Palm Canyon Holdings. The mixed-use property is located at 803 North Palm Canyon Dr, at the intersecti...
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• Inland Empire Multifamily Works Out to $182k/Unit
11/09/23
In an Inland Empire multifamily comp, Bevia Apartments, a 48-unit property in Moreno Valley, traded for $8.72 mil ($182k/unit). The property is located at 13260 Heacock St, on the southeast corner with Dracaea Ave. The comm...
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• New Construction Pad Building at Palm Desert Shopping Center Sells for $755/sf
11/08/23
A new construction, 8.4k sf multi-tenant retail pad at Monterey Crossing, a newly developed shopping center at the Interstate 10 and Monterey Ave interchange in Palm Desert, sold for $6.34 mil ($755/sf). Constructed in 2022...
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• Inland Empire Industrial Trade Works Out to $48/sf
11/06/23
In a recent industrial sales comp from the Inland Empire, a 53.1k sf building traded for $21 mil. The building sits on a 10.3-acre parcel of land at 7920 Lindbergh Dr, west of I-215 and south of Alessandro Blvd. The price eq...
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• Investor Pays $2.7 Mil for Vacant Big Lots Store in Fontana
11/03/23
A vacant, 15.2k sf building in Fontana sold for $2.7 mil ($178/sf). The structure, which sits on a 30k sf lot at 17093 Valley Blvd, is a former Big Lots store. This Fontana property was sold by Red Mountain Group, which purc...
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• Inland Empire Industrial Complex Sells for $9.2 Mil
11/03/23
San Bernardino Industrial Center, a nine-building, 52.6k sf industrial incubator in San Bernardino, traded for $9.2 mil ($175/sf). The property is located at 360-458 East Rialto Ave, east of I-215. The property features 9 t...
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• Retail Building in Rancho Cucamonga Sells for $349/sf
11/01/23
A 21.9k sf, 100% occupied shop building at 10582 Foothill Boulevard in Rancho Cucamonga sold for $7.45 mil ($349/sf). The nine-tenant shop building sold at a 6.11% cap rate in an all-cash 1031 exchange transaction. The b...
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• Newmark Merrill Companies Opens New 96k sf Retail Center in the Inland Empire
10/30/23
Newmark Merrill Companies has completed and opened Rialto Village, a newly developed, grocery-anchored center in the Inland Empire. The 96k sf development is located off the corner of Riverside Ave and San Bernardino Blvd in ...
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• Renovation Work to Get Underway at the Hyatt Regency Indian Wells Resort & Spa
10/27/23
Trinity Real Estate Investments is set to begin renovation work at the Hyatt Regency Indian Wells Resort & Spa, a 530-key hotel that the firm acquired roughly a year earlier. R.D. Olson Construction will be handling construct...
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• Mexican Restaurant Property in Ontario Goes for $845/sf
10/27/23
A free-standing, 5.5k sf single-tenant Mexican restaurant property occupied by Culichi Town in Ontario traded for $4.65 mil ($845/sf). Built in 2001, the property is situated on 1.37 acres at 4423 Mills Circle and is an outpa...
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• Ridgecrest Multifamily Property Goes for $48k/Unit
10/19/23
Ridge Apartment homes, an 80-unit multifamily property in the Inland Empire city of Ridgecrest, sold for $3.85 mil ($48.1k/unit). The property is located at 400 Cisco St, east of Hwy 395 and north of Hwy 78. Ridge Apartment ...
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• Upland Medical Office Building Purchased by Owner/User in $8.85 Mil Deal
10/13/23
A 47.9k sf medical office building in Upland sold for $8.85 mil ($185/sf) to a local medical user. The property, located at 400 Mountain Ave, was sold by Harbor Associates. The three-story building is located on the southeas...
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• Inland Empire DaVita Dialysis Clinic Sells for $4.45 Mil
10/13/23
A 14k sf, single-tenant DaVita Dialysis clinic in the Inland Empire city of Indio sold in a recent $4.45 mil ($318/sf) 1031 exchange transaction. The property, located at 82900 Avenue 42, traded at a 5.66% cap rate. Convenie...
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• KFC Signs Lease for 3.3k sf Restaurant in Ontario
10/06/23
KFC inked a 15-year ground lease for a 3.3k sf drive-thru restaurant in Ontario. The property is located at 1851 East G St, at the intersection of the I-10 freeway and Vineyard Ave. The site offers visibility to over 270,000...
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• Peri & Sons Farms Spends $27.5 Mil on 2,400-Acre Farmland Portfolio in CAs Imperial County
9/27/23
Peri & Sons Farms, a family farming operation based in Nevada, has acquired a 2,411-acre portfolio of agricultural farmland located in the sought after Holtville submarket of Imperial County, CA, in a $27.5 mil transaction. K...
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• Tricon Residential, Foremost Pacific Group and Woodbridge Pacific Group Finish 170-Unit Res Project in Wildomar
9/26/23
Tricon Residential, Foremost Pacific Group, and Woodbridge Pacific Group have completed Tricon Wildomar, a new built-to-rent community in Wildomar, CA featuring 170 modern Spanish-style townhomes. Tricon Wildomar is the sec...
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• Single-Tenant Bank of America Property in the Inland Empire Goes for Over $800/sf
9/12/23
A Riverside-based private investor paid $2.875 mil for a 2015-new construction, 3.5k sf ($821/sf) single-tenant property occupied by Bank of America in Palm Desert. The property was sold by an L.A.-based investor. The freest...
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• Pacific Industrial Acquires 10 Acres in the City of Industry
9/11/23
Pacific Industrial recently purchased 10 acres in the City of Industry with plans to build a 215k sf, state-of-the-art spec industrial facility to be called the Pacific Railroad Center. The site is located at 17969 Railroad S...
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• CapRock Obtains $17.5 Mil in Financing for 22-Acre Dev Parcel in Moreno Valley
9/08/23
CapRock has secured $17.5 mil in pre-development financing on a 22.1-acre parcel within the World Logistics Center masterplan in Moreno Valley. Upon entitlement, CapRock will have the optionality to either commence developmen...
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• Westcore Acquires 3.5 msf California Industrial Portfolio
8/29/23
Westcore, a leading industrial real estate acquisition, development and asset management firm, Westcore has acquired the 3.5 msf Odyssey Portfolio, comprised of industrial properties in Livermore, Valencia and Chino, Californ...
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