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June 25, 2024
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INLAND EMPIRE NEWS
Archive
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• Inland Empire’s East Valley Industrial Market Saw Strong Activity and Absorption in 2nd Quarter of 2020
7/09/20
This Second Quarter Industrial Market Summary for the Inland Empire East Valley region was provided by Lee & Associates Riverside The second quarter of 2020 for the Inland Empire East Valley region saw strong activity and gr...
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• Orbis Real Estate Partners Purchases 5.87-Acre Development Site in Perris
7/09/20
Newport Beach-based Orbis Real Estate Partners picked up a 5.87-acre land parcel in the Inland Empire city of Perris for $2.26 mil. The site is located at the corner of Harvill Ave and Placentia St. The site is visible from...
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• The Krausz Companies Spends $13.45 Mil on Single-Tenant Building in San Bernardino
7/08/20
A single-tenant building occupied by the County of San Bernardino in the city of San Bernardino traded hands in a $13.45 mil transaction. The building, located at 265 East 4th St, was purchased by The Krausz Companies Inc, ou...
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• OC Investor Buys Corona Car Wash Property in $5.7 Mil Deal
7/08/20
An OC-based private investor paid $5.7 mil for a free-standing All Star Car Wash and Castrol Oil and Lube Center in Corona. The 2.5k sf property, located at 465 N. McKinley St, is situated on an outparcel to the 270k sf Coron...
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• Rexford Industrial Realty Closes on Five SoCal Buys Totaling $73 Mil
7/06/20
Rexford Industrial Realty Inc purchased five SoCal industrial properties for $73.2 mil. The acquisitions were purchased through three transactions and funded using cash on hand. Rexford acquired a three-property industrial p...
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• Riverside Multifamily Property Traded at $154k/Unit
6/26/20
Bel Air Apartments, a 16-unit multifamily property in Riverside, was acquired by a private buyer for $2.46 mil ($154k/unit). Located at 3500-3530 Lou Ella Lane, Bel Air Apartments is comprised of eight one-bedroom/one-bathro...
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• Private Investor Buys Class A Office Asset in Temecula
6/26/20
A 35.3k sf office building in Temecula was purchased by a high-net-worth, private buyer for $5.18 mil ($147/sf). The property was sold by MIG Real Estate, out of Orange County. Located at 1 Ridgegate Drive, the Class A offic...
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• Construction Biz Entity Buys Four Acres in Chino
6/25/20
An industrial site of just under four acres in the Inland Empire city of Chino was acquired by a local buyer, who will use the property for their growing construction business. The land parcel, located at 3612 and 3638 Philad...
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• DWG Capital Partners Invests in Waste-Water Treatment and Reclamation Facility in San Bernardino County
6/24/20
DWG Capital Partners has invested in the operational acquisition of a waste-water treatment and reclamation facility in San Bernardino County. The facility is located at 11225 Mulberry Ave, south of I-10 and east of I-15 in F...
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• Two Assets at Inland Empire Sprouts-Anchored Shopping Center Sell for $7.6 Mil
6/23/20
Private investors have acquired a new construction, multi-tenant retail shop building adjacent to Sprouts Farmers Market and a new Quick Quack Car Wash ground lease at the Highland Village Shopping Center in Fontana, in separ...
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• SoCal Single-Tenant Retail Properties Trade in Deals Worth over $30 Mil
6/17/20
We’ve learned of four SoCal, single-tenant retail properties that traded in recent deals totaling $31 mil. The properties are located in Indio, Lomita, Victorville and Hawthorne. NKF’s Bill Bauman, Kyle Miller, Michael Fogel...
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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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