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• EverWest Real Estate Investors Closes $37 Mil Corona Industrial Buy
6/15/20
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
6/11/20
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
6/05/20
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
6/04/20
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
6/02/20
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
6/02/20
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
5/28/20
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
5/26/20
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
5/22/20
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
5/22/20
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
5/20/20
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
5/19/20
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
5/14/20
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
5/13/20
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
5/12/20
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
5/11/20
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
5/08/20
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
5/07/20
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
5/01/20
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
4/30/20
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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