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June 24, 2024
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• Moreno Valley Biz Park Sells in $20 Mil Transaction
Moreno Corporate Center, a five-building, 139k sf industrial/flex business park in Moreno Valley, sold for $20.3 mil ($146/sf). The property, located at 14300, 14320 and 14340 Elsworth St and 22620 and 22640 Goldencrest Dr, w...
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• Investors Trade Two Palm Desert Multifamily Properties in $8.8 Mil Deal
A 55-unit multifamily portfolio in Palm Desert was purchased by a private local buyer for $8.8 mil ($160k/unit). The acquisition consisted of two properties - Tiki Gardens Apartments and Shadow Hills Apartments. Located at 4...
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• Tesla Leases New 322k sf Industrial Facility in the Inland Empire
Tesla has signed a lease and taken occupancy at 19640 Cajon Blvd, a recently completed, 322k sf industrial development in San Bernardino. The facility, a development of Alere Property Group, now serves as Tesla’s west coast d...
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• Birtcher Development Starts Work on 125-Acre, SoCal Industrial Project Targeted to Big Box Tenants
Birtcher Development has broken ground on Birtcher Oak Valley Commerce Center, a 125-acre ground-up, industrial development in Calimesa, CA. The Inland Empire project is targeted to big box tenants with warehousing and distr...
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• Private Investor Exchanges into $7.6 Mil Inland Empire Retail Center
Heritage Crossings, a fully leased 16.3k sf retail center located at 7470 Cherry Ave in Fontana, sold for $7.6 mil ($466/sf). Built in 2008 and situated on 2.85 acres, the center is occupied by 7-Eleven, Boston Market, Subwa...
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• Historic Riverside Office Building Sells for $6.15 Mil
A local private investor paid $6.15 mil for the historic Loring Building, a three-story, 24.6k sf ($251/sf) office property in Riverside. It was sold by a Riverside-based partnership of private investors. The property, loca...
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• Starbucks Drive-Thru Anchored Building in the Inland Empire Sells for Over $900/sf
A local San Bernardino County-based private investor paid $4.65 mil for a brand new, 5.05k sf ($919/sf) Starbucks Drive-thru anchored shop building in San Bernardino, as part of a 1031 exchange transaction. The multi-tenant b...
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• Trio of Inland Empire Industrial Leases Total over 200k sf
We’ve got three recent industrial lease briefs in the Inland Empire to share. The deals total over 200k sf and took place in Chino and San Bernardino. In one of the transactions, Sunset Pacific Transportation pre-leased Chin...
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• MG Properties Group Spends $137 Mil on Rancho Cucamonga Res Community
MG Properties Group has purchased Victoria Arbors Apartment Homes, a 319-unit suburban, garden-style residential community in Rancho Cucamonga, for $137.6 mil ($431k/unit). The property was sold by Sares Regis Group. Victor...
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• Community Housing Opportunities Corporation Awarded $22.6 Mil to Build Affordable Housing in Coachella
Community Housing Opportunities Corporation (CHOC), a non-profit affordable housing developer, has been awarded $22.6 mil of financing to begin construction of the Coachella Valley Apartments, which will bring new affordable ...
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• Chase Partners Acquires Industrial Properties in Ontario and Oxnard
Chase Partners recently acquired two SoCal industrial properties as part of its Logistics Fund I. One of the properties is a 25k sf industrial warehouse located at 1893 S. Lake, in an infill submarket of Ontario, acquired for...
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• Joyin Inc Signs Prelease of 120k sf Inland Empire Logistics Facility
Joyin Inc, an e-commerce retailer of children’s toys, party supplies, costumes and seasonal products, agreed to a full building prelease of a 120.6k sf, under-construction logistics facility in Rancho Cucamonga. The firm inte...
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• Pacific Asiana LLC Leases 182k sf Inland Empire Warehouse
Pacific Asiana LLC inked a lease for a 182.5k sf warehouse in Chino. Completed in 1988, the single-tenant building is located at 4980 Eucalyptus Ave, east of the 71 Fwy. The facility features 26-foot clear height, sprinkler ...
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• Trammell Crow Company and Clarion Partners LLC Start Work on Spec Logistics Project in the Inland Empire
The Newport Beach Business Unit of Trammell Crow Company (TCC) and its JV partner, Clarion Partners LLC, have started construction on Knox Logistics VII, a state-of-the-art, 1.1 msf speculative Class A logistics building. The...
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• Alere Property Group Starts Work on 211k sf Ontario Warehouse Development
Alere Property Group is underway with development at 1656 S. Cucamonga Ave, a Class A, 211k sf spec industrial warehouse in Ontario. At completion, the project will feature 40-foot clear height and 5k sf of two-story office s...
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• CarMax Buys Six-Acre Site in Victorville
A six-acre site at Desert Oasis Plaza in Victorville was acquired by CarMax Auto Superstores California LLC. Terms of the transaction were not disclosed. Desert Oasis Plaza, located at the southeast corner of Roy Rogers and...
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• Premier Workspaces to Open a New Location in Upland
Harbor Associates has selected Premier Workspaces to operate its 20.2k sf flexible workspace at Stewart Plaza, located at 400 and 440 North Mountain Avenue in the city of Upland. Located just south of Foothill Blvd/Route 66 a...
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• Riverside County Retail Development Breaks Ground
Ground breaking has commenced on Boulder Crossing, a brand new shopping center located at the prime intersection of Winchester Road (Hwy 79) and Domenigoni Pkwy in Riverside County. The new development is entitled to include ...
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• Jupiter Holdings to Build 700k sf Industrial Center in the Inland Empire
Newport Beach-based Jupiter Holdings has unveiled plans for the Scott Road Commerce Center, a five-building, 702k sf industrial center within the Inland Empire city of Menifee. The site is located at 33380 Zeiders Rd, adjacen...
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• Banyan Imports Leases 203k sf Inland Empire Facility
Banyan Imports has inked a lease for a 203.4k sf building within California Commerce Center in Ontario. Terms of the deal were not disclosed. The building, located at 3551 E. Philadelphia St, features 4.8k sf of total office...
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