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December 3, 2023
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• EverWest Real Estate Investors Closes $37 Mil Corona Industrial Buy
Representing its second major off-market industrial acquisition in just over two months, Denver-based EverWest Real Estate Investors has completed the $37 mil, seven-year sale-leaseback acquisition of Magnolia Point – a 210.3...
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• Rockefeller Group and MBK Real Estate Start Work on 300k sf IE Spec Industrial Facility
Rockefeller Group and joint venture partner MBK Real Estate have obtained a $24.4 mil construction loan from Los Angeles-based City National Bank for development of a 297.1k sf industrial building in Fontana. The loan includ...
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• Temecula Industrial Property Bought for $10.4 Mil
An OC-based private investor acquired a 65.3k sf industrial property in Temecula for $10.4 mil ($159/sf) in an off-market transaction. The property, located at 28410 Vincent Moraga Dr, south of Rancho California Rd and west o...
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• $2.3 Mil Buys Chino Hills Office Property
A 10.8k sf office building in Chino Hills was purchased by a private investor for $2.3 mil ($213/sf). Located at 14728 Pipeline Ave, the two-story office building was originally built in 2007. It includes 43 parking spaces. ...
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• Inland Empire Industrial Facility Purchased for $178/sf
A 43k sf industrial building in Rancho Cucamonga was purchased by an unnamed toy company in a recent $7.58 mil ($176/sf) deal. The building features include 24’ clear height, five dock high loading doors, one ground level doo...
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• Chaffey Federal Credit Union Buys 4k sf Building in Upland
A 4k sf, multi-tenant building in the Inland Empire city of Upland sold for $1.285 mil ($321/sf) in a recent, off-market transaction. The property, located at 1014 West Foothill, was purchased by Chaffey Federal Credit Union....
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• MBK’s Urban Res Development in Menifee Finishes Construction and is Now Leasing
Artesa at Menifee Town Center, a Spanish mission-style apartment community developed by MBK Rental Living in Menifee, is now completed and available for leasing. Offering urban-style living in a walkable, small-town setting, ...
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• Walgreen’s Ground Lease Property in Apple Valley Sells
A 1.38-acre ground-leased property in Apple Valley occupied by a 14.7k sf Walgreen’s traded for $7.15 mil. The property is located at 21650 CA Hwy18, at Navajo Rd. Walgreen’s is on an absolute, corporate NNN fee simple leas...
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• Brad Umansky Named President of Retail Brokers Network
Brad Umansky of Southern California-based Progressive Real Estate Partners has been named the new President of Retail Brokers Network (RBN), one of the nation’s largest and fastest growing retail networking groups. In this ...
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• 120-Acre Site in Imperial County Trades for $1.85 Mil
ADJ Holdings LLC paid $1.85 mil for a 120-acre industrial zoned land property in Imperial County. The site, located at 340 Ralph Rd, was acquired through an auction process run by Ritchie Bros. Auctioneers. The property fea...
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• Riverside Apartment Property Goes for $153k/Unit
A 36-unit multifamily property in Riverside sold for $5.5 mil, or $153k/unit. The corner lot property is located at 3801 Madison St and 7469 Magnolia Ave, on the northwest side of the 91 Fwy about three miles south of I-215. ...
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• Two-Tenant Pad Building in the Inland Empire Fetches $635/sf
Private investors from the Los Angeles area traded a two-tenant, 6.3k sf retail pad building in a $4 mil ($635/sf) transaction. The building is occupied by Assure Dental and Verizon Wireless. Located at 961 North Milliken Av...
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• Draftsmen & Craftsmen
Menifee Union School District has broken ground on a reconstruction project for Menifee Valley Middle School. The $38 mil, 71.3k sf project, which will help transition the campus to a magnet school focused on visual and perfo...
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• 1.6 msf Inland Empire Distribution Facility Available for Lease
We’ve learned that a very large logistics facility in the Inland Empire is available for lease. The property, owned by CenterPoint Properties, is a 1.63 msf facility on over 94 paved acres at 5600 E. Airport Rd, just south of...
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• Centurion Fuchigami International Inc Pays $7 Mil for Inland Empire Medical Office Property
Centurion Fuchigami International Inc bought a 14.6k sf medical office property in Moreno Valley for $6.99 mil ($479/sf). Located at 22555 Alessandro Blvd, the single-story building is fully leased with the primary tenant bei...
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• Stirling Capital Signs Trio of Lease Deals at Southern California Logistics Airport in Victorville
We’ve learned of three major lease deals at Stirling Capital Investments’ Southern California Logistics Airport in Victorville. The transactions were completed with The Boeing Company, United Furniture Industries (UFI) and Co...
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• Berkadia Arranges $44 Mil in Financing on Two Res Properties
An unnamed ownership entity hs obtained $44.38 mil in combined financing on two multifamily properties, in California and Texas. The properties are Vineyard Village, located in Rancho Cucamonga, CA, and Wellington Park in Lew...
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• Goli Nutrition Leases 422k sf of Distribution Space in the Inland Empire
Goli Nutrition has leased four industrial building totaling 422.4k sf of space within Saddle Ranch Business Center in the Inland Empire city of Norco. Goli, a vitamin manufacturer, was looking to expand its operations. Terms ...
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• Westcore Buys 66k sf Industrial Facility in Temecula
Westcore acquired a 65.6k sf, industrial warehouse on 10.64 acres in Temecula for $10.8 mil ($165/sf). Currently vacant, the property is located at 27731 Diaz Rd, west of I-15 and north of Rancho California Rd. The warehouse...
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• Ontario Apartment Property Sells for $15.5 Mil
Cinnamon Ridge, a 101-unit affordable community located in Ontario, traded in a $15.5 mil ($153.4k/unit) transaction. Built in 1989, the property is located at 1051 East 4th St, east of Euclid Ave and just south of the I-10. ...
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