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• Inland Empire Raising Cane’s Trades for $2,000/sf
11/04/21
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 $...
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• MG Properties Group Closes $156 Mil Multifamily Buy in the Inland Empire
11/02/21
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,...
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• Inland Empire Industrial Demand is Spiking
11/01/21
This Inland Empire Q3 2021 Industrial Market Outlook report was provided by real estate services firm NAI Capital.
MARKET OVERVIEW
The industrial market in the Inland Empire is going through the roof as a supply chain crisi...
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• Ontario Starbucks Trades for almost $2,000/sf
10/29/21
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.
...
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• ARCO and AM/PM Property in Apple Valley Sells for $5.6 Mil
10/27/21
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...
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• Inland Empire Mobile Home Community Trades for $7.85 Mil
10/26/21
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...
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• SB Real Estate Partners Adds 124 Res Units in the Inland Empire to Its Portfolio
10/25/21
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 ...
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• San Bernardino Industrial Asset Goes for Just Over $21 Mil
10/21/21
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...
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• Zurich Alternative Asset Management-Advised Investor Buys 225k sf Inland Empire Industrial Facility
10/19/21
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, ...
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• Two SoCal Single-Tenant Pharmacy Properties Trade in Deals Totaling Near $20 Mil
10/18/21
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...
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• Alere Property Group Buys 422k sf Norco Biz Park
10/18/21
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...
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• Yahee Technologies Agrees to Lease 200k sf Spec Industrial Facility in Ontario
10/15/21
Yahee Technologies, a global e-commerce wholesaler, has agreed to a long-term lease for a 199.5k sf spec industrial development being built by Duke Realty Corporation in Ontario. The facility, situated on 8.7 acres at 1532 So...
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• Tailwind Investment Group Closes 197-Unit Res Buy in the Inland Empire
10/12/21
Tailwind Investment Group has acquired The Vue, a 197-unit multifamily community in San Bernardino, for $53.6 mil, or $272k per unit. Situated on 11.94 acres at 1660 W. Kendall Dr, the property was sold by Dalan Management an...
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• Rexford Industrial Realty Completes Two SoCal Industrial Property Buys, One Land Purchase and One Property Sale
10/11/21
Rexford Industrial Realty completed two industrial property acquisitions that comprise an aggregate 421.8k sf of space and one 80.2-acre industrial storage site for a total purchase price of $285.6 mil. The company also sold ...
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• JH Real Estate Partners Buys 225k sf Ontario Gateway Shopping Center
10/06/21
Ontario Gateway, a 225.7k sf, fully-occupied, grocery-anchored shopping center in Ontario, sold for $40.5 mil ($179/sf). The property was purchased by JH Real Estate Partners.
Ontario Gateway is a 100%-occupied, multi-tenant...
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• Brixton Capital Buys 188k sf Inland Empire Shopping Center
10/01/21
SoCal-based Brixton Capital bought Marketplace Beaumont, a 187.9k sf shopping center in the Inland Empire city of Beaumont, for $37.5 mil ($200/sf). The seller was a private family trust who originally developed the center.
...
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• CH Realty Partners LLC and Blumenfeld Development Group Pay $57 Mil for Inland Empire Industrial Facility
9/28/21
A joint venture partnership between CH Realty Partners LLC and Blumenfeld Development Group has acquired Harvill Logistics Center, a 300k sf industrial facility in Riverside County, for $57.5 mil ($192/sf).
The property was...
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• Commercial Financing Briefs
9/23/21
GREYSTONE - Matt Miller with Greystone originated a $71.34 mil Freddie Mac Optigo® loan to refinance Sendero Townhomes, a 197-unit multifamily property in Santa Rosa. The borrower was Gallagher Companies. Sendero Townhomes o...
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• Colton Commercial Property Trades for $187/sf
9/21/21
A SoCal-based 1031 exchange private investor paid $8.8 mil for Los Compadres Plaza, a 47k sf ($187/sf) commercial center in Colton. The property, located at 1035 S. Vernon Ave, is less than a ¼ mile from the I-215 Fwy and dir...
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• Rexford Industrial Realty Wraps Up $250 Mil in SoCal Industrial Buys
9/17/21
SoCal-based Rexford Industrial Realty has completed four industrial property acquisitions totaling 837.5k sf of improvements, for an aggregate purchase price of $250.5 mil. The purchases were funded using cash on hand and pro...
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