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December 9, 2023
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• MBK Rental Living Completes 330-Unit Res Project in Menifee
MBK Rental Living has completed work on Artesa at Menifee Town Center, a 330-unit luxury apartment community located in the heart of a master-planned community in Menifee. The development, built by R.D. Olson Construction, wa...
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• Multifamily Complex in Bermuda Dunes Goes for $33.6 Mil
A SoCal investment group paid $33.6 mil for Medici Apartment Homes, a 140-unit ($240k/unit) community located in Bermuda Dunes. Built in 2002, the property is located on 79090 42nd Ave, south of I-10 and west of Jefferson St....
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• Norco Taco Bell Site Goes for Over $1,000/sf
A 2.6k sf, newly developed freestanding retail property occupied by Taco Bell in Norco sold for $2.67 mil ($1,027/sf). A franchisee for Taco Bell recently signed a 25-year ground lease at the site, located at 1460 Sixth St. ...
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• Colton Biz Park Bought for $12.3 Mil by The Bendetti Company
The Bendetti Company has acquired La Crosse Business Park, a six-building, 113.9k sf, multi-tenant complex in Colton, for $12.3 mil. The property, located at 2273 to 2283 La Crosse Ave, currently has 25 tenants occupying over...
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• New 731k sf Corona Industrial Project Fully Leased Up
Columbia Aluminum Products, Tyger Auto, Mascot International Logistics and Web Deal Direct have signed leases for the entire 731.2k sf of space at Shea Center West Corona, a recently completed, three-building industrial proje...
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• MGR Buys Rancho Cucamonga Office Building
In a recent office buy out of Rancho Cucamonga, MGR acquired a 30.2k sf, multi-tenant building for $3.75 mil ($124/sf). Built in 1986, the building sits on a 95k sf lot. It consists of 17 units with a main lobby, is elevato...
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• MCA Realty Collects $14 Mil from Temecula Industrial Sale
Diaz Commerce Center, a 131.6k sf industrial asset in Temecula, was purchased by a local investor for $14 mil ($106/sf). It was sold by MCA Realty, who initially acquired the property in September 2018 for $10 mil. Located a...
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• Inland Empire Medical Office Building Trades for $7.9 Mil
JKI Investment acquired Latham Medical Plaza, a 31.2k sf, medical office building in Riverside, for $7.85 mil ($252/sf). Located at 4361 Latham St, the property was sold by Jolish Latham LLC and Latham ZG LLC, San Francisco-b...
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• Private Investors Trade Inland Empire Gas Station Property in $6.2 Mil Deal
A free-standing Shell Gas Station and Circle K Convenience Store in the Inland Empire city of Bloomington sold for $6.2 mil. Built in 2001, the well-established Shell station has 8 dispensers with 20 fueling positions and a...
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• Beacon Realty Advisors Buys 10-Acre Retail Asset in La Quinta
Beacon Realty Advisors has purchased Jefferson Square, a partially built open-air retail center on approximately 10 acres in the Coachella Valley city of La Quinta, CA. Beacon acquired the property with joint venture partner ...
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• Redlands Investor Picks Up Temecula Retail Center in $7 Mil Deal
A Redlands, CA-based private investor purchased The Shops at Gateway to Temecula, an 8.3k sf, multi-tenant retail asset, in a recent $7.15 mil ($861/sf) transaction. The property consists of a 24-hour drive-thru Starbucks and...
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• Newegg Hatches Additional Distribution Space with 276k sf Inland Empire Lease
Newegg, an American online retailer of items including computer hardware and consumer electronics, inked a 100-month lease for a 276k sf industrial facility in the Inland Empire. The deal value was not given out. The facilit...
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• Palm Desert Senior Res Community Trades for $3.8 Mil
A 21-unit, senior multifamily community in Palm Desert was purchased by a private investor for $3.8 mil, or $181k/unit. Built in 1990, the property is located at 73625 Catalina Way, east of San Pablo Ave and south of Fred War...
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• Duke Realty Corporation Starts Work on 1.2 msf Inland Empire Distribution Facility
Duke Realty Corporation has broken ground on a 1.2 msf, spec industrial development in the Inland Empire city of Perris. The planned state-of-the-art distribution facility, located on just over 55 acres at 728 West Rider St, ...
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• Harbor Associates and The Bascom Group Team Up in $10 Mil Inland Empire Buy
A joint venture between Harbor Associates LLC and The Bascom Group LLC has acquired Stewart Plaza, a 94.5k sf medical office campus in Upland, for $10.25 mil ($108/sf). The asset was sold by a local family that has owned and ...
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• Colton Biz Property Trades in $6 Mil Transaction
A private investor paid $5.95 mil for Cooley Business Park, a 60.1k sf ($99/sf), multitenant office/flex property in the Inland Empire city Colton. The asset was sold by Oak Properties, a private investor based in San Diego. ...
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• Modway Leases 1 msf Distribution Build-to-Suit in the Inland Empire
Furniture distributor Modway Inc signed a 10-year lease for a new, 1.055 msf distribution facility in Hesperia. Modway, a major distributor of living, dining, bedroom, outdoor, lighting and office furniture, plans to establis...
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• Advanced Real Estate Services Acquires 215 Res Units in the Inland Empire
Advanced Real Estate Services Inc acquired a 215-unit apartment property in the city of Riverside for just under $58 mil ($270k/unit). The property sits on 10.5 acres at 7600 Ambergate Place. Amenities include a pool, spa, cl...
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• Anchor Health Properties Venture Buys Temecula Medical Office Asset
A joint venture between Anchor Health Properties and an institutional equity partner recently purchased the Makena Medical Buildings, a 42.9k sf, Class A medical office property in Temecula. Consisting of two two-story build...
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• MG Properties Buys New, 290-Unit Inland Empire Res Community
MG Properties purchased Mitchell Place, a brand-new, 290-unit luxury apartment-townhome community in Murrieta. The property was sold by Mitchell Multifamily LLC, an affiliate of MBK Rental Living LLC, based in Orange County. ...
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