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• Palm Springs Multifamily Property Sells for $220k/Unit
1/09/24
In a multifamily sales comp from Palm Springs, Highland Apartments, a 15-unit property, traded for $3.3 mil, or $220k/unit.
Highland Apartments is located at 540-570 Highland Dr, just west of California State Route 111, and...
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• Pricing Pressures Illuminate the Balancing Act in Southern California's Office Real Estate Transition
1/03/24
This report was provided by real estate services firm N.A.I. Capital Commercial
Toward the yearend, Southern California witnessed a decline in office building sales, signaling a shift in individual markets. The slowdown in s...
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• Chevron is Seeking Sites in Orange County and Riverside County
12/29/23
Site Criteria:
Pad Size: Approximately 35k sf 85k sf (0.75 to 2 Acres)
Demographics: Medium to high density housing or planned growth
Traffic Volume: Potential of 40,000-50,000 CPD
Location: Out-parcel near ...
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• L.A. Investor Pays $3 Mil for 1.73-Acre Site in Rancho Cucamonga
12/21/23
An L.A.-based private investor paid $3 mil for a 1.73-acre parcel of vacant land in an all cash transaction. The land, which is zoned mixed-use, is located at the northwest corner of Foothill Blvd and Etiwanda Ave in Rancho ...
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• Recent Lease Signings Bring Chino Spectrum Marketplace to 98% Occupancy
12/19/23
In recent retail activity news, four new leases totaling 16.4k sf were signed at Chino Spectrum Marketplace in Chino. The leases bring the property to 98% occupancy.
The latest deals at the center were with Boston Pizza (6....
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• Commercial Real Estate Financing Briefs
12/18/23
CBRE CAPITAL MARKETS - Bob Ybarra, Bruce Francis, Shaun Moothart, Doug Birrell, Nick Santangelo and Jim Korinek with CBREs Capital Markets Debt and Structured Finance team arranged a $13.5 mil participating construction loan...
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• La Quinta Retail Asset Trades for $26.4 Mil
12/12/23
Komar Desert Center a retail center consisting of multiple pad retail buildings shadow-anchored by the only Costco in La Quinta, traded hands in a recent transaction worth $26.4 mil. It was acquired by a private capital inves...
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• Palm Desert Retail Pad Property Sells for $454/sf
12/12/23
A fully occupied, 8.5k sf multi-tenant retail pad property in Palm Desert traded hands in a $3.86 mil ($454/sf) transaction. The property, situated near the I-10 Fwy Washington St on/off ramp is anchored by a new Chipotle Mex...
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• Home Goods Firm Leases 142k sf Facility in Ontario
12/04/23
H Global Commerce signed a six-year lease for a 142.6k sf industrial building in Ontario. The commercial glass products and home goods firm will begin to occupy the space, located at 5401 Jurupa St, in March 2024. The propert...
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• Rancho Cucamonga Dollar Tree Sells for $4.88 Mil
12/01/23
A 16.6k sf single-tenant, net-leased Dollar Tree in Rancho Cucamonga was purchased for $4.88 mil by Celery Realty Investments LLC. The property was sold by Red Mountain Group, who acquired it earlier this year as part of a la...
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• Mixed-Use Property in Palm Springs Goes for $349/sf
11/28/23
New Dawn Enterprises LLC paid $7.3 mil for a 20.9k sf ($349/sf) mixed-use property in Palm Springs. The seller was 803 N Palm Canyon Holdings.
The mixed-use property is located at 803 North Palm Canyon Dr, at the intersecti...
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• Inland Empire Multifamily Works Out to $182k/Unit
11/09/23
In an Inland Empire multifamily comp, Bevia Apartments, a 48-unit property in Moreno Valley, traded for $8.72 mil ($182k/unit). The property is located at 13260 Heacock St, on the southeast corner with Dracaea Ave.
The comm...
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• New Construction Pad Building at Palm Desert Shopping Center Sells for $755/sf
11/08/23
A new construction, 8.4k sf multi-tenant retail pad at Monterey Crossing, a newly developed shopping center at the Interstate 10 and Monterey Ave interchange in Palm Desert, sold for $6.34 mil ($755/sf).
Constructed in 2022...
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• Inland Empire Industrial Trade Works Out to $48/sf
11/06/23
In a recent industrial sales comp from the Inland Empire, a 53.1k sf building traded for $21 mil. The building sits on a 10.3-acre parcel of land at 7920 Lindbergh Dr, west of I-215 and south of Alessandro Blvd.
The price eq...
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• Investor Pays $2.7 Mil for Vacant Big Lots Store in Fontana
11/03/23
A vacant, 15.2k sf building in Fontana sold for $2.7 mil ($178/sf). The structure, which sits on a 30k sf lot at 17093 Valley Blvd, is a former Big Lots store.
This Fontana property was sold by Red Mountain Group, which purc...
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• Inland Empire Industrial Complex Sells for $9.2 Mil
11/03/23
San Bernardino Industrial Center, a nine-building, 52.6k sf industrial incubator in San Bernardino, traded for $9.2 mil ($175/sf). The property is located at 360-458 East Rialto Ave, east of I-215.
The property features 9 t...
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• Retail Building in Rancho Cucamonga Sells for $349/sf
11/01/23
A 21.9k sf, 100% occupied shop building at 10582 Foothill Boulevard in Rancho Cucamonga sold for $7.45 mil ($349/sf). The nine-tenant shop building sold at a 6.11% cap rate in an all-cash 1031 exchange transaction.
The b...
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• Newmark Merrill Companies Opens New 96k sf Retail Center in the Inland Empire
10/30/23
Newmark Merrill Companies has completed and opened Rialto Village, a newly developed, grocery-anchored center in the Inland Empire. The 96k sf development is located off the corner of Riverside Ave and San Bernardino Blvd in ...
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• Renovation Work to Get Underway at the Hyatt Regency Indian Wells Resort & Spa
10/27/23
Trinity Real Estate Investments is set to begin renovation work at the Hyatt Regency Indian Wells Resort & Spa, a 530-key hotel that the firm acquired roughly a year earlier. R.D. Olson Construction will be handling construct...
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• Mexican Restaurant Property in Ontario Goes for $845/sf
10/27/23
A free-standing, 5.5k sf single-tenant Mexican restaurant property occupied by Culichi Town in Ontario traded for $4.65 mil ($845/sf). Built in 2001, the property is situated on 1.37 acres at 4423 Mills Circle and is an outpa...
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