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• Two New SoCal Starbucks Trade in Deals Totaling Near $6 Mil
3/05/18
We’ve got news of two brand-new construction, single-tenant corporate Starbucks in SoCal to sell in separate transactions totaling $5.89 mil. The properties are in Hesperia and Covina.
In Hesperia, a Manhattan Beach-based pr...
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• Construction of Mixed-Use Development in Corona is Complete
3/02/18
The Metro, a mixed-use development in the center of the Main Street Corridor off Hwy 91 in Corona, has been completed and is in its final phase of leasing apartments. The project, a joint development between Wermers Propertie...
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• Two Riverside Apartment Properties Bought by Local Investors for $10 Mil
2/23/18
Two separate apartment properties in the city of Riverside were purchased by local private investment partnerships in separate deals totaling $10.3 mil. The properties, La Paz/Las Palmas Apartments and Cazador’s Court, total ...
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• Alere Property Group Closes $12 Mil Inland Empire Purchase
2/12/18
Alere Property Group LLC recently acquired an 81k sf distribution facility in corona for $12.1 mil ($149/sf). The building is located at 200 River Rd, west of I-15 and north of the 91 Fwy.
The building is a state-of-the-art ...
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• Fontana Multifamily Property Sells for $172k/Unit
2/09/18
Valencia Avenue Apartments, a 16-unit apartment property in Fontana, sold for $2.75 mil, or $172k/unit. The property sits on .76 acres at 16645 Valencia Ave.
The two-story building was built in 1987. The property consists of...
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• Liberty Property Trust Pays $92 Mil for 400k sf Industrial Facility in City of Commerce
2/07/18
Liberty Property Trust has purchased a 400.1k sf industrial building in the City of Commerce for $92.7 mil, or about $232/sf. The facility, located at 5959 Randolph St, east of the 710 Fwy and south of Slauson Ave, is fully l...
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• Newcastle Partners Underway with Two Projects in the Inland Empire
2/07/18
In development activity out of the Inland Empire, Newcastle Partners Inc has begun construction on Chino Hills Commerce Center in Chino Hills, which will total 100.3k sf. The company has also completed construction on Meridia...
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• Duke Realty Corp Begins Work on Spec Industrial Facility in Fontana
2/06/18
Duke Realty Corporation has begun construction of a 282.2k sf bulk distribution warehouse in Fontana, within SoCal’s Inland Empire West submarket. The building, which is being developed on a speculative basis, is located at 1...
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• Circle K and Chevron Acquire Development Parcels in the High Desert Region
2/06/18
We’ve got news of two parcels of land in the Inland Empire that were acquired by Circle K and Chevron in separate deals totaling $4.8 mil. Both properties are located adjacent to the heavily traveled I-15 Fwy in the High Des...
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• Indio Multifamily Property Sale Sets Record at $132k/Unit
2/02/18
A San Diego-based private investment group paid $16.5 mil for Parkwood Apartments at Polo Grounds, a 125-unit ($132k/unit) residential community in Indio.
Built on a 7.51-acre site in 2014, the property is located at 81777...
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• Private Investor Buys 80k sf Retail Center in Moreno Valley
2/01/18
An unnamed SoCal investor paid $5.73 mil for Lakeshore Village Marketplace, an 80k sf ($72/sf), value-add neighborhood retail center in Moreno Valley. The property was sold by two family trusts from Los Angeles.
Built in 19...
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• Canadian Investor Spends $8 Mil on Two Inland Empire Multifamily Properties
1/25/18
Two multifamily properties containing a combined 84 units in San Bernardino were purchased by a Canadian-based investor for a total of $8 mil.
One of the properties, located at 1340 North F St, features six studios, 25 one-b...
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• OC Investor Buys Inland Empire Industrial Asset
1/22/18
An Orange County-based private investor paid $1.75 mil for a 13.8k sf ($127/sf), fully occupied, three-tenant industrial condo in Murrieta. The property was sold by an entity of the property’s largest tenant, Pump it Up, whic...
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• Warehouse Construction Surge Lifts Industrial Land Prices By Double Digits In Major US Logistics Markets, Led by California’s Inland Empire
1/18/18
The e-commerce-fueled surge in development of warehouses and distribution centers has generated double-digit, year-over-year percentage increases in prices for industrial land in major markets, led by California’s Inland Empi...
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• NY-Based Investment Entity Pays $1,268/sf for Newly Constructed Inland Empire Starbucks
1/16/18
New York-based Fata Organization LLC recently purchased a newly developed, 2.5k sf single-tenant, NNN-leased retail property that is occupied by Starbucks Coffee with a drive-thru. The property, located at 17142 Slover Ave i...
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• Local Investor spends $4.8 Mil for Cameron Historical Building in Temecula
1/11/18
Murrieta-based Winchester Partners LP paid $4.8 mil for Cameron Historical Building, a mixed-use property in Temecula. Located in the heart of the city’s Old Town, the fully occupied property includes 24 affordable housing un...
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• Sunshine Metals Brightens Up Corona Industrial Market with Warehouse Lease
1/10/18
Sunshine Metals Inc agreed to an eight-year, $4 mil lease for a 68.4k sf ($0.61/sf/mo) freestanding industrial warehouse in Corona. The building is located on a 157.3k sf lot at 1228 Sherborn St, east of I-15 and just south o...
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• Rexford Industrial Realty Closes Out 2017 with a $63 Mil SoCal Portfolio Buy
1/08/18
Rexford Industrial Realty purchased a four-property, 416.8k sf industrial portfolio for approximately $62.7 mil. The acquisitions were completed during the fourth quarter of 2017 and were funded using cash on hand, draws on t...
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• Inland Empire Hotel Asset Trades for $94k/Room
1/03/18
The Best Western Moreno Hotel & Suites, a 120-room hospitality property located in Moreno Valley, has sold in an $11.24 mil ($93.7k/room) transaction.
Built in 1986, the Best Western Moreno Hotel & Suites is located at 24840...
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• Freedom Solar Powers Temecula Industrial Activity with New HQ Lease
12/29/17
Freedom Solar inked an 88-month lease for 21.4k sf of industrial space in Temecula. The lease value was not disclosed.
Freedom Solar, which will use the space as its headquarters, will be relocating and expanding to its new ...
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