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• Inland Empire Residential Property Sells for Over $100k/Unit
1/16/20
Villa Real Apartments, a 43-unit multifamily property in San Bernardino, sold for $4.59 mil, or $106.7k/unit. Located at 4190 Sepulveda Ave, the property features all one-bedroom/one-bathroom units. The property sits in proxi...
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• First Phase of Temecula Mixed-Use Project Started with $19.8 Mil in Funding
1/16/20
W Development Partners has obtained a $19.8 mil loan for the development of the first phase French Valley Commons, a mixed-use development in southwest Riverside County. Phase one will include a nine-building, mixed-use proje...
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• Wood Investments Companies Inc Buys 94k sf Inland Empire Retail Center
1/15/20
Wood Investments Companies Inc acquired a two-tenant retail investment in San Bernardino occupied by Food 4 Less and Ross Dress For Less. The asset, consisting of 94k sf on 7.45 acres, is located at 505 and 555 West 2nd Stree...
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• Victorville Multifamily Community Trades at Record $118.8k/Unit
1/13/20
Hanes Properties LLC, a Los Angeles-based real estate investment and management firm, has purchased Golden Sands, a 120-unit apartment complex in Victorville, for $14.25 mil ($118.8k/unit). The complex, located on just over e...
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• Renovation of Rancho Cucamonga Building Creates Modern, Two-Story Office Space
1/13/20
An office property located at 9494 Haven in the city of Rancho Cucamonga has undergone an extensive renovation that has transformed what was a single-story, 32k sf building, originally constructed in 2004, into a modern, 61k ...
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• Victorville Retail Center Trades in $15.8 Mil Transaction
1/07/20
Hi Desert Plaza, a 104k sf retail center located at 12160 Hesperia Rd in Victorville, at the northwest quadrant of Bear Valley Rd and Hesperia Rd, was acquired by a T-I-C partnership between two limited liability companies co...
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• Walgreens-Occupied Ground Lease in the Inland Empire Sells for $2.9 Mil
1/06/20
A private investor from Newport Beach paid $2.9 mil for the ground lease of a 13.9k sf, single-tenant retail property in San Bernardino. The property is occupied by Walgreens on an absolute, triple-net corporate guaranteed le...
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• Temecula Industrial Asset Trades in $9.35 Mil Deal
1/06/20
Kiwi II Construction paid $9.35 mil for a 102.3k sf ($91/sf), industrial distribution/warehouse building in Temecula. The property, located at 40761 County Center Dr, was sold by Hill Properties/Rustica-Hill Temecula LLC.
Bu...
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• ASB Real Estate Investments Closes $100 Mil Inland Empire Industrial Acquisition
12/27/19
ASB Real Estate Investments purchased Bloomington Logistics Center, a 677.4k sf, fully leased, state-of-the-art, cross-dock warehouse/distribution building in the Inland Empire community of Bloomington, for $100.5 mil ($148/s...
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• Rockefeller Group and MBK Real Estate To Develop 297k sf Inland Empire Industrial Facility
12/24/19
Rockefeller Group has teamed up in a venture with MBK Real Estate to develop Fontana Santa Ana Industrial Center, a 297.2k sf industrial facility in Fontana. Plans are to begin construction in April 2020 with completion expec...
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• Commercial Real Estate Financing Briefs
12/24/19
JLL - Olga Walsh and Daniel Pinkus with JLL have arranged $50 mil in financing for Pierside, a two-building, mixed-use property with 176 residential units and approximately 17k sf of retail space in Oceanside. Pierside was co...
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• MGR Real Estate Acquires Ontario Office Campus for $38.6 Mil
12/17/19
In a recent Inland Empire office sale, a 159.1k sf, Class A office campus in Ontario traded for $38.6 mil, or $243/sf. The two-building asset was purchased by MGR Real Estate Inc.
Located at 3110 and 3200 E. Guasti Rd, the p...
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• Los Angeles Investor Exchanges into 102k sf Hesperia Industrial Park
12/17/19
A 102.4k sf, multi-tenant industrial business park in Hesperia sold for $8.89 mil, or $87/sf. Built in 1986, the master-planned six-building property is situated on 11 acres at 17229 Lemon St, and is fully occupied by 17 tena...
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• United Trust Realty Corporation buys 7.5 Acres of Development Land in Chino
12/10/19
United Trust Realty Corporation (UTRC) purchased 7.53 acres of commercially zoned land in Chino’s College Park Master Planned Community for $2.9 mil. The property is bordered by Eucalyptus and Oaks Avenues and is the last rem...
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• Commercial Real Estate Financing Briefs
12/06/19
BERKADIA - Branden McBirney of Berkadia arranged $82 mil in refi money for Silverado Apartment Homes, a garden-style multifamily property in Murrieta. Located at 25100 Vista Murrieta, Silverado Apartment Homes features one-, ...
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• Crystal Asset Management Inc Makes $39.5 Mil Res Buy in the Inland Empire
12/04/19
Los Angeles-based Crystal Asset Management Inc paid $39.5 mil for Vista Springs, a 212-unit ($186.3k/unit) garden-style multifamily property in Moreno Valley. The seller was Providence II Vista Springs LLC, an affiliate of Sa...
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• MBRE Healthcare Buys Medical Office Property in Bermuda Dunes
12/04/19
JFK Medical Plaza, a 28.5k sf medical office property in Bermuda Dunes, CA has sold. MBRE Healthcare, a full-service real estate company, acquired the property from Omni West Group for an undisclosed amount.
Built in 1994, J...
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• Premier Workspaces Opens New Location Within Newly Constructed Wildomar Shopping Center
11/27/19
Premier Workspaces® opened its second location in the Temecula Valley, in Wildomar. The center, located at 36330 Hidden Springs Rd, is within a newly constructed shopping center and is walking distance to many other businesse...
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• Kite Family Limited Partnership Secures Refi on Inland Empire Retail Center
11/25/19
Kite Family Limited Partnership has refinanced Jurupa Valley Spectrum, a 125k sf retail property in the Inland Empire, with a new loan for $9 mil.
The financing was used to retire the existing debt on the property, improve t...
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• CIP Secures New Financing of $58.6 Mil on Trio of Inland Empire Assets
11/25/19
CIP Real Estate has obtained $58.6 mil in new, first lien financing on three industrial/office properties totaling 610k sf in the Inland Empire. Kevin MacKenzie, Brian Torp and Peter Thompson with JLL Capital Markets arranged...
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