| L.A. Buyer Pays Over $7 Mil for Desert Hot Springs Multifamily Property
Willow Crest Apartments, a 50-unit community that is located on Acoma Street in Desert Hot Springs, sold for $7.2 mil, or $144k/unit. Built on a 2.93-acre site in 2007, the property is located at 65568 Acoma Ave.
| New Construction Retail Property in Rialto Sells for $280/sf
A 31.3k sf, new-construction, two-tenant retail building in Rialto sold for $8.775 mil ($280/sf). Built in 2018, the building is occupied by ALDI grocery store and WSS shoe store.
The building sits on 2.46 acres at 630-660 W...
| Temecula Industrial Facility Traded for $28 Mil
A fully-occupied, 224.4k sf industrial facility in Temecula has sold in a $28 mil ($125/sf) transaction. The facility sits on just over 15 acres at 41995 Zevo Dr, west of I-15 off Winchester Rd.
The property was purchased by...
| Inland Empire Distribution Property Trades in $91 Mil Transaction
In news of a major industrial acquisition out of the Inland Empire, Bridge Development Partners has purchased Fourth Street Distribution Center, a 1.43 msf distribution/fulfillment center and a 23.2k sf retail building in Ran...
| TrakMotive Leases 157k sf Facility in Redlands
TrakMotive has agreed to a $7.78 mil, 88-month lease of a 156.7k sf ($0.56/sf/mo) industrial building in Redlands. The property is located at 1675 W. Park Ave, south of I-10 and just west of Alabama St.
TrakMotive, based out...
| Neighborhood Center in Corona Gets New Owner in $5.3 Mil Deal
An OC-based private investor purchased Corona Lanes Collection, an 18.3k sf retail property in Corona, for $5.35 mil ($292/sf). The asset was sold by Corona Lanes Collection LLC, a private group of local investors, which deci...
| MJW Property Group Closes $90 Inland Empire Res Buy
In a recent Inland Empire multifamily buy, MJW Property Group purchased The Enclave at Menifee, a 336-unit res property in Menifee, in a deal said to be worth just over $90 mil ($268k/unit). Built in 2007, the property is loc...
| Inland Empire Flex/R&D Building Fetches $265/sf
A 9.6k sf, flex R&D facility in Ontario sold for $2.54 mil, or $265/sf, in an all-cash deal.
The flex R&D facility is located at 3325 Shelby St. Built in 1970, the property features a 3.2k sf high-end office, gated wraparou...
| Waterford Property Company Pays $21.5 Mil for Ontario Multifamily Property
Waterford Property Company purchased a newly-constructed, Class A 75-unit multifamily property in Ontario in a deal valued at $21.5 mil ($287k/unit). Although this property is Waterford’s first multifamily acquisition in the ...
| Inland Empire Office Portfolio Trades in $41.7 Mil Deal
Harbor Associates LLC, in a joint venture with Taconic Capital Advisors, has closed on a $41.7 mil, off-market acquisition of a five-building commercial office portfolio totaling 368k sf in San Bernardino. The deal works out...
| Pacific West Communities Inc Acquires Affordable Housing Development Site in Indio
Pacific West Communities Inc paid just over $2 mil for 6.53 acres in Indio. The property, located at 47555 Jefferson St on a main artery through the city, was sold by United States Marshals Service.
The land parcel is in one...
| First Industrial Realty Trust Acquires Over 16 Acres of Contiguous Land in Perris
First Industrial Realty Trust has completed three acquisitions covering 16.26 contiguous acres of industrial zoned land in the Inland Empire city of Perris, with plans to develop a 315k sf industrial distribution center at th...
| San Bernardino Apartment Property Acquired as Part of a 1031 Exchange
A 55-unit apartment property in San Bernardino sold for $6.1 mil, or $110.9k/unit. The 49.6k sf property is located at 1275 E Date St.
The property features large floor plans with an average unit size of 902 sf and a mix of...
| Fully Leased Riverside Office Building Sold in $11 Mil Transaction
Pierson Plaza, a 38.1k sf office building in Riverside County, was purchased for $11.3 mil ($296/sf) by a Palm Springs-based real estate investment company. The property was sold by Long Beach-based Tahiti Partner Properties....
| Private Investor Completes Exchange that Consisted of Four SoCal Transactions Totaling $27 Mil
An investor has completed a strategic 1031 exchange of four properties with a total transaction value of $26.9 mil. The complex process involved the sale of a three-property, multi-family/mobile-home portfolio that included 6...
| Cardinal Health Leases 1 msf Facility in the Inland Empire
Cardinal Health has agreed to a long-term lease to occupy an entire 1.01 msf, state-of-the-art warehouse and distribution center in Riverside. Terms of the lease were not disclosed.
Acquired last month by Dedeaux Properties,...
| Rockefeller Group Starts Work on 204k sf Spec Distribution Center in the Inland Empire
Rockefeller Group has broken ground on a 203.9k sf, spec distribution center located on 8.78 acres of industrial land in Moreno Valley. The new building, which follows Rockefeller Group’s recent completion of 2 msf of new in...
| Largest Apartment Complex in Joshua Tree, CA Sells for $6.5 Mil
Quail Springs Village, a 75-unit multifamily property in Joshua Tree, CA, sold for $6.5 mil, or $87k/unit. The buyer was Pro Residential, a Los Angeles-based multifamily investment and property management firm.
Located at 6...
| Moreno Valley Apartment Property Sells for $143k/Unit
A 15-unit multifamily property in Moreno Valley was acquired for $2.15 mil ($143k/unit), in an all-cash deal. The buyer is an experienced local investor who owns several other buildings in Moreno Valley.
The 13k sf property,...
| Construction Started on $43 Mil Mt. San Jacinto College Campus
Construction has begun on Mt. San Jacinto College’s (MSJC) new $43.3 mil, 350k sf Temecula Valley Campus. The general contractor is C.W. Driver Companies.
Consisting of a seismic retrofit and tenant improvement of an existin...