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• Beacon Realty Advisors Buys 10-Acre Retail Asset in La Quinta
11/11/20
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
11/10/20
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
11/05/20
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
11/04/20
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
11/04/20
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
11/03/20
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
11/03/20
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
11/02/20
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
10/30/20
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
10/29/20
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
10/28/20
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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• Corona Residential Property Traded Between SoCal Investors in a $4.57 Mil Deal
10/23/20
Lakeside Villas Apartments, a 21-unit community in Corona, has sold in a recent $4.57 mil ($218k/unit) transaction. The property, 100% occupied with strong cash flow, is considered to present significant value-add upside.
B...
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• Advanced Real Estate Services Pays $130 Mil for 346-Unit Res Asset in Chino Hills
10/19/20
Advanced Real Estate Services Inc has acquired The Crossings, a 346-unit, newly-built multifamily property in Chino Hills, in a recent transaction valued at $130 mil ($375k/unit). The firm purchased this property with 1031 ex...
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• New Single-Tenant Grocery Outlet Asset in Norco Sells for $333/sf
10/14/20
A newly-constructed, 18k sf single-tenant property occupied by Grocery Outlet in Norco was acquired for $6 mil ($333/sf) by a family investment entity. The property, situated on 1.72 acres at 1428 Sixth St, just east of I-15,...
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• Logistics Firm Leases New 1.08 msf Industrial Facility in the Inland Empire
10/09/20
An unnamed, third-party logistics firm signed a long-term lease for an entire 1.08 msf logistics building currently under construction in the Inland Empire. The building sits on a 54.7-acre site at 9180 Alabama St, at the int...
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• Newcastle Partners is Busy Building Industrial Space in the Inland Empire
10/08/20
Newcastle Partners is readying to start speculative construction of three new industrial facilities in the Inland Empire totaling 824.3k sf of state-of-the-art space. The new construction follows completion of 479.9k sf of in...
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• Inland Empire Retail Center Picked Up by Private Investor in $5.3 Mil Deal
10/08/20
An L.A.-based pivate investor purchased Foothill Village, a 24.9k sf, un-anchored multi-tenant retail center in Fontana, for $5.3 mil ($213/sf) as part of a 1031 exchange.
Foothill Village is located at 14755 Foothill Blvd, ...
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• Riverside Distribution Facility Purchased for $44 Mil by Loctek Inc
10/02/20
A recently completed, 361.3k sf state-of-the-art warehouse building in Riverside was purchased by Loctek Inc for $44.4 mil, or $123/sf. Loctek, a Chinese-based ergonomic office furniture manufacturer, is relocating and expand...
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• CT Realty and PGIM Real Estate to Develop 4.4 msf Logistics Project in the Inland Empire
9/29/20
CT Realty and PGIM Real Estate plan to develop a state-of-the-art, multi-building logistics project in the Inland Empire. The fully entitled 4.4 msf development, Agua Mansa Commerce Park, has undergone significant predevelopm...
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• SoCal Starbucks Trades for $1,176/sf
9/23/20
A 3.2k sf, single-tenant Starbucks Drive-Thru in the city of Lake Elsinore sold for $3.765 mil ($1,176/sf), at a closing cap rate of 4.25%. The asset is a pad building within Lake Elsinore Marketplace, a 144k sf shopping cent...
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