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June 24, 2024
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• Trio of New Leases Bring Inland Empire Center to 100% Leased
There have been three new leases totaling 24.2k sf at Canyon Springs Marketplace in Riverside, bringing the 183k sf regional center to 100% leased. Located at Day St and Canyon Springs Pkwy, the property is adjacent to the...
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• Clarion Partners and EBS Realty Partners Buy Colton Land for Industrial Development
Clarion Partners and OC-based investment firm EBS Realty Partners have teamed up in the purchase of a 19-acre industrial site in Colton for $61 mil. Located at 275 and 375 De Berry St, on the west side of I-215 at S. La Caden...
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• Birtcher Development Breaks Ground on 492k sf Inland Empire Distribution Project
Birtcher Development has begun construction on Birtcher Logistics Center Rialto, a 492.4k sf, high-cube logistics facility in the Inland Empire city of Rialto. The project is expected to be ready for occupancy in first quarte...
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• MDH Partners Spends $112 Mil on Inland Empire Industrial Building
MDH Partners has purchased a 333.6k sf industrial building in Perris for $112.25 mil, or $337/sf, in a deal we’re told sets a record for the Inland Empire East market as measured by price per square foot for a warehouse distr...
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• Private Investor Spends Just Over $7 Mil for Corona Car Wash
Merit Auto Spa, a full-service car wash center in Corona, sold in a $7.157 mil transaction that included both the business and the real estate. The recently renovated car wash, located at 465 N. McKinley St, is an outparcel t...
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• Inland Empire's Industrial Market Shifts as Sublease Space Rises and Sales Volume Declines
This report provided by real estate services firm NAI Capital Commercial MARKET OVERVIEW The Inland Empire's industrial market is undergoing a shift as it moves away from the previously high demand for warehouse and distrib...
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• Two Single-Tenant Retail Investments in Imperial Valley Sell for Almost $6 Mil
Two new construction single-tenant net-leased retail investments were acquired in separate deals with two different buyers as part of a break-up sale strategy at a new retail development in Southern California’s Imperial Vall...
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• Inland Empire Biz Park Sells for $19.5 mil
Intersection Equities LLC purchased Riverside Business Park, a 120.3k sf, multi-tenant business park in Jurupa Valley, for $19.5 mil, or $162/sf. The fully occupied property, situated on 8.9 acres of land at 2902-2976 Rubidou...
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• Riverside Shopping Center Lands $37 Mil in Financing
Regional Properties has obtained $37 mil in financing for Mission Grove Plaza, a 248.1k sf shopping center in Riverside. The property is located at 121 – 383 East Alessandro Blvd, east of I-215 at Trautwein Rd. The 16-build...
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• CapRock Partners Picks Up 22-Acre Site in Moreno Valley for 500k sf Warehouse Development
CapRock Partners acquired a 22.1-acre parcel within the World Logistics Center masterplan in Moreno Valley for the development of CapRock Global Logistics, a new 500k sf, LEED-certified industrial warehouse. CapRock purchased...
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• Starbucks-Anchored Retail Pad in Riverside Trades for $699/sf
A recently constructed, four-tenant net-leased investment anchored by a Starbucks Drive-Thru in Riverside traded for $4.89 mil. Built in 2020, the 7k sf ($699/sf) pad building sits on 1.14 acres at 22420 Van Buren Blvd. The ...
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• CapRock Partners Wraps Up Work on Two Inland Empire Industrial Projects
CapRock Partners has completed work on Palomino Ranch Business Park Phase I and Saddle Ranch South, two new LEED Silver-certified industrial building complexes strategically located in Norco. The developments bring new effici...
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• Rancho Cucamonga Office Building Trades in $22 Mil Transaction
A 127k sf office building in Rancho Cucamonga traded hands in a $22.25 mil ($175/sf) transaction. The property is located at 11000 Eucalyptus St, on Foothill Blvd across from two busy regional shopping centers. The two-story...
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• The Landmark Company Acquires Just Under Five Acres in Upland for Development
The Landmark Company purchased 4.84 acres of land at 1400 E. Arrow Hwy in Upland for $6.5 mil in an all-cash transaction. The company plans to build a single-family residential development on the land, in partnership with Ce...
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• Corona Quick Quack Car Wash Ground Lease Deal Closes at 4.4% Cap Rate
A SoCal private investor spent $4.46 mil on a Corona ground lease property occupied by a 3.6k sf Quick Quack Car Wash. Built in 2022 and situated on just under one-acre, the property is located at 850 N. Main St. The property...
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• Meet the Inland Empire Experts from RENTV's State of the Market Conference
Below are photos of the experts who spoke at RENTV's recent Inland Empire State of the Market Conference, held on May 9 in Ontario.
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• Archway Equities Closes $150 Mil Multifamily Buy in the Inland Empire
Archway Equities has acquired The Paseos at Montclair North, a 385-unit multifamily community in the Inland Empire city of Montclair, for $150 mil ($389.6k/unit). We’re told this is the largest multifamily transaction in Sout...
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• Neighborhood Center in Temecula Trades for $28 Mil
Meadows Village Center, a 67.3k sf neighborhood grocery-anchored center in Temecula, was acquired by Newport Beach-based RA Centers for $27.7 mil. Tenants at the center, Barons Market and CVS Pharmacy, were not a part of the ...
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• Private Investor Spends $15 Mil on Two SoCal Chick-fil-A Ground Lease Properties
A SoCal-based private investor purchased two Chick-fil-A ground lease assets for $15 mil. The assets are located in the Southern California cities of Palm Desert and Mission Viejo. The blended closing cap rate was 3.83%, mark...
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• San Bernardino Apartment Portfolio Sells for $152k/Unit
A three-property, 79-unit multifamily portfolio in San Bernardino traded for $12.047 mil, or $152.5k/unit. The portfolio is located within the South Pointe neighborhood near downtown Loma Linda and is proximate to several u...
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