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• Inland Empire Pilot Flying J Travel Center Trades at 4.9% Cap Rate
3/25/24
An Irvine-based private investor acquired a single-tenant property occupied Pilot Flying J Travel Center in Jurupa Valley, CA in a recent $14 mil transaction. The deal had a closing cap rate of 4.90%, which we’re told is an ...
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• CBRE Investment Management and Hillwood Investment Properties Land $756 Mil in Financing for Fontana Industrial Development
3/19/24
A fund sponsored by CBRE Investment Management, in joint partnership with Hillwood Investment Properties, has secured an approximately $756 mil financing package for the construction of Phase I of Speedway Commerce Center. Th...
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• Babe’s Smokehouse and Tavern Inks Lease at New Indio Center
3/12/24
Babe’s Smokehouse and Tavern inked a lease for 2.3k sf of space with an additional 850 sf patio at Canopy at Citrus, a newly built 25.2k sf retail center in Indio. The center is located at 49730 Jefferson St, just south of Hw...
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• Inland Empire 7-Eleven Property Sells for $1,885/sf
3/12/24
A private investor out of Bakersfield paid $7.73 mil for a new construction, single-tenant property occupied by a 7-Eleven convenience store with Laredo Taco Company quick-serve restaurant and a gas station in San Bernardino....
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• Nick Wirick Leads New Retail Team at SRS Real Estate Partners
3/04/24
SRS Real Estate Partners has boosted its SoCal presence with the addition of a retail team led by real estate veteran Nick Wirick, who will serve as Senior Vice President and Managing Principal. Additional team members includ...
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• Temecula Office Building trades in $13.8 Mil Deal
3/01/24
Tower Office Plaza, a 71.8k sf office property in Temecula, was acquired for $13.8 mil ($192/sf) by Level Asset Capital. The asset was sold by Providence Real Estate Group.
The Class A office building at 27555 Ynez Road sits...
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• Multi-Tenant Industrial Asset in Ontario Trades in $3.48 Mil Deal
2/29/24
36th Street Partners has acquired a 17.4k sf, multi-tenant industrial property in Ontario for $3.48 mil ($200/sf). 36th Street’s equity partner on the deal is JW Capital, a Los Angeles-based family office focused on real esta...
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• Bridge Investment Group Lands $81 Mil Refi Loan on Jurupa Valley Res Community
2/29/24
Bridge Investment Group has obtained an $81.1 mil Freddie Mac Optigo® loan to refinance a 397-unit multifamily property in Jurupa Valley, CA.
Vernola Marketplace Apartments is a luxury multifamily property built in 2022. A...
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• Former Resort Property in Palm Springs Sells for $4.75 Mil
2/27/24
Tuscany Manor resort in Palm Springs was purchased for $4.75 mil by a private investor who will turn the property into a premier apartment community. Built in 1956, the property is located at 350 West Chino Canyon Rd, two mil...
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• Riverside Multi-Tenant Retail Asset Lands $12.8 Mil Refi
2/20/24
A 99k sf, grocery anchored retail property within the Citrus Landing retail center in Riverside was refinanced with a new permanent loan for $12.8 mil. The property, located at 7200 Arlington Ave, is anchored by Stater Bros, ...
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• Ontario Industrial Facility Leased in $8.8 Mil transaction
2/08/24
A 102.9k sf, freestanding Class A industrial property in Ontario was leased in a four-year, $8.79 mil transaction. The deal averages out to $1.78/sf/mo.
Located on 4.7 acres at 5505 E. Concours St, the facility was built in ...
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• Palm Desert Apartment Property Sells for $220k/Unit
2/06/24
An unnamed private investor paid $2.2 mil for a 10-unit ($220k/unit) multifamily property in Palm Desert. This was the first time the property had traded in over 20 years.
The apartment community is located at 73435 San Gorg...
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• 1 msf Inland Empire Industrial Outdoor Storage Portfolio Trades
2/05/24
A three-property, 1 msf industrial outdoor storage (“IOS”) portfolio in CA traded hands in a recent transaction. The buyer benefits from the opportunity to acquire immediate scale in the emerging IOS/ISF sub-asset class, whic...
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• Riverside Res Comp Works Out to $150k/Unit
2/02/24
In a recent multifamily comp out of the Inland Empire, Corwin Apartments, a 19-unit asset in Riverside, traded for $2.85 mil ($150k/unit).
Built in 1964, the property is located at 5755-5780 Corwin Lane. It features one-bed...
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• Building Sales in the Inland Empire's Industrial Market Experience a Shift
2/02/24
This update provided by real estate services firm NAI Capital Commercial
MARKET OVERVIEW
With the Inland Empire’s industrial market concluding 2023 at a record-breaking pace—adding an unprecedented 14.8 msf of completed co...
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• DPI Retail Buys Inland Empire Shopping Center in $24 Mil Deal
1/25/24
DPI Retail purchased Tri-City Center, a 151.7k sf shopping center in San Bernardino, in a recent $24.3 mil ($160/sf) transaction.
Built in 1987, the 100%-occupied center is anchored by a 24-Hour Fitness and Curacao. Addition...
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• CapRock Partners Reaches Development Milestone for First Phase of 2.7 msf Visalia Industrial Complex
1/23/24
In a SoCal industrial development update, CapRock Partners has completed the tilting of the concrete walls of Building 1 at CapRock Central Point III in Visalia. The structure is the first phase of a 2.7 msf, four-building sp...
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• Single-Tenant Net-Leased Indio Property Goes for $3 Mil
1/22/24
A 16.6k sf, single-tenant, net-leased Texas Roadhouse in the Inland Empire city of Indio sold for $3 mil ($181/sf). The restaurant pad property is part of Indio Towne Center, a dynamic 560k sf power center.
The property was ...
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• Two Single-Tenant Retail Assets in Antelope Valley Trade for $11.4 Mil
1/12/24
In recent retail investment activity out of California’s Antelope Valley, a brand-new construction, single-tenant Smart & Final Extra! and a single-tenant property occupied by dd’s Discounts at the Antelope Valley Plaza trade...
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• Harbor Associates and Taconic Capital Collect $26.75 Mil from Sale of 115k sf San Bernardino Office Building
1/09/24
Harbor Associates LLC, in a joint venture with Taconic Capital Advisors LP, has sold a 115.5k sf, Class A office building in a deal that represents the third and final transaction in a five-property $69.85 mil office portfoli...
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