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May 27, 2024
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• Wood Investments Companies Picks Up Former Kmart Building in Big Bear Lake
Wood Investments Companies Inc acquired a former Kmart building on 7.49 acres in Big Bear Lake, CA, SoCalís popular mountain resort community and destination. Big Bear Lake is home to over three million annual visitors who co...
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• Historic Renovation/Redevelopment Project Leaves Its Mark in Riverside
Work has wrapped up on The Mark, a mixed-use, seven-story residential and retail building in the heart of Riversideís historic core. The project, which required finding a balance between historic preservation and modern renew...
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• Industrial Construction in the Inland Empire Catching Up to Demand
MARKET OVERVIEW The Inland Empireís industrial market continued to notice the increase in construction shaping up from the impact of demand caused by the pandemic and supply chain challenges that are now a distant memory. Wi...
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• Rialto Multifamily Trade Works Out to $166k/Unit
Jackson Apartments, a 41-unit multifamily property in Rialto, sold for $6.8 mil ($166k/unit). The property was purchased by a private investor who owns several multifamily buildings in the area. Constructed in 1971, Jackson ...
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• Fast5Xpress Car Wash in Ontario Sells for $3.5 Mil
An OC-based private investor purchased a new construction, single-tenant property occupied by Fast5Xpress Car Wash in Ontario, adjacent to the Ontario Mills Mall, one of the top shopping and tourist destinations in California...
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• Sky Zone Leases Rancho Cucamonga Space
Sky Zone inked a lease for 30.7k sf of space in Rancho Cucamonga for a new Sky Zone indoor entertainment park. The space, located at 12449 Foothill Blvd, is part of the 550k sf Wal-Mart- and Food 4 Less-anchored Foothill Mark...
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• Affordable Housing Project Gets Underway in Ontario
Related California has broken ground on Emporia Housing, a 50-unit affordable housing project in Ontario. The development, expected to reach completion by mid-Summer 2024, is being built by R.D. Olson Construction. Danielian ...
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• Rockefeller Group to Develop 415k sf Spec Industrial Project in Surprise, AZ
Rockefeller Group purchased a 25-acre parcel on Sweetwater Ave in Surprise, AZ for $12 mil. The company will develop Surprise Pointe Commerce Center, a 415k sf speculative distribution center, on the property. The project ...
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• Sunrise Management Awarded Management Assignment for Two SoCal Multifamily Communities
Providence Capital Group has awarded the day-to-day management assignment for two SoCal res communities to San Diego-based Sunrise Management. The properties are Arte West, a 228-unit, four-story luxury community in Santa Ana...
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• Western Spire Pays $6,78 Mil for 1.8-Acre Development Site in Rancho Cucamonga
Western Spire paid $6.78 mil for a 1.82-acre multifamily development site at the northwest corner of Red Oak St and Spruce Ave in Rancho Cucamonga. The property is within City Center, an area of Rancho Cucamonga zoned for fut...
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• Inland Empire Absolute NNN Ground Lease of a Dutch Bros Coffee Drive-Thru Goes for $2.3 Mil
A Los Angeles-based private investor paid $2.3 mil for the absolute NNN ground lease of a brand-new construction, single-tenant property occupied by Dutch Bros Coffee Drive-Thru in the Inland Empire. The property is part of H...
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• New Riverside Distribution Facility Leased to Logistics Plus Warehousing & Fulfillment
Construction has been completed on the second phase of Columbia Business Park, a 374k sf distribution facility that has been fully leased. The tenant, Logistics Plus Warehousing & Fulfillment Inc, a third-party logistics comp...
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• Sakioka Farms Pays Over $500/sf for Ontario Retail Center
Sakioka Farms purchased New Haven Marketplace, a newly constructed, 95k sf grocery-anchored shopping center located in Ontario, for $54.3 mil ($ 572/sf). The seller was Frontier Real Estate Investments. New Haven Marketplace...
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• Ontario Retail Center Trades in $54 Mil Deal
New Haven Marketplace, a 95k sf, grocery-anchored shopping center in Ontario, traded for $54 mil ($568/sf). The property is located at 3420 E. Ontario Ranch Rd, west of I-15 and south of Hwy 60. Built in 2020, New Haven Mark...
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• Private Investor Pays $245/sf for San Bernardino Retail Building Occupied by Office Depot
A 20k sf retail building in San Bernardino traded at a price of $4.9 mil ($245/sf). The building, located at 675 E. Hospitality Lane, is leased to Office Depot. The property is situated between Home Depot and Aldi within the...
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• Bridge Industrial Has Nearly 4 msf of New Industrial Development Scheduled for Delivery in 2023
Bridge Industrial continues to be one of the most active industrial developers in California. The firm currently boasts a development pipeline in Southern California and the Bay Area of nearly 4 msf of state-of-the-art indust...
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• RENTV's 2023 Inland Empire State of the Market Conference is on Tuesday, May 9 at the Embassy Suites by Hilton Ontario Airport Hotel
The event will feature high-powered panels of top local executives and dealmakers discussing the Office, Retail, Industrial, Multifamily and Finance markets throughout the Inland Empire. The conference will open for registrat...
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• Lovett Industrial Lands $25 Mil for Construction of Inland Empire Industrial Development
Lovett Industrial has obtained $24.93 mil in construction financing for the development of Rialto II, a 114.1k sf, Class A industrial development in Rialto. Once completed Rialto II will comprise 36-foot clear heights, two gr...
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• Menifee Industrial Development Land Trades for $61 Mil
Patrinely Group acquired Scott Road Commerce Centerís Phase II, a large-scale, fully entitled (shovel-ready) 33.86-acre development site in Menifee entitled for 544.1k sf of Class A, industrial product. The property was sold ...
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• Westport Properties Buys 700-Unit Self-Storage Property in Chino
Westport Properties purchased a 701-unit self storage facility located at 13555 Ramona Ave in Chino, California. With over 13.2 msf of self storage facilities, the company will rebrand this facility under its US Storage Cent...
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