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• Catch Up on the Latest Trends and Developments in Downtown Los Angeles and the Inland Empire
4/13/17
Here’s your chance to get up-to-date on the latest trends and activity in Downtown Los Angeles and the Inland Empire, at RENTV’s upcoming State of the Market conferences later this month. You’ll enjoy expert commentary from m...
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• Second Phase of $73 Mil Rehabilitation Started at Indio Res Property
4/12/17
Community Preservation Partners (CPP) has launched the second phase of its $73 mil rehabilitation project at the 268-unit Summer Field Apartments in Indio, following the purchase of the property in November 2015.
This phase...
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• Exchange Investor Buys Rancho Cucamonga office/industrial campus
4/12/17
A private investor paid $6.875 mil for Archicenter Business Park, a 62.7k sf ($110/sf) multi-tenant office and industrial business project located in Rancho Cucamonga. It was sold by Rexford Industrial Realty Inc.
The prope...
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• Rockefeller Group to Begin work on 1.45 msf Spec Industrial Project in Perris
4/11/17
Rockefeller Group has acquired 68 acres of industrial land in the Inland Empire city of Perris, with plans for a new industrial development to be called Optimus Logistics Center. The company will begin construction on the pr...
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• Private Investors Close Two Ontario Apartment Buys Totaling $6.6 Mil
4/07/17
Two apartment properties in the Inland Empire city of Ontario were acquired by private investors in separate deals totaling $6.58 mil. The properties total 41 units.
In one of the transactions, Elderberry Ontario LLC acquire...
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• Continental Partners Arranges $54 Mil in Refinancing for the Ritz Carlton Rancho Mirage
4/03/17
Continental Partners has secured $54 mil in fixed-rate, non-recourse, interest-only refinancing for the Ritz-Carlton Rancho Mirage, a 244-room luxury resort in the Inland Empire city of Rancho Mirage. The property is located ...
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• Riverside Industrial Asset Acquired for $12.5 Mil by a Tarifiq Buyer
3/31/17
Tarifiq Properties purchased Sycamore Business Center, a 121.4k sf industrial property in Riverside, for $12.5 mil ($103/sf). The property was sold by KB Properties.
Located at 7350 San Gorgonio Dr, north of Allesandro Blvd ...
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• Two Outparcels at the Mall of Victor Valley Sell for Over $4 Mil
3/31/17
Two outparcels at the entrance to the Mall of Victor Valley in Victorville have sold for a combined total of $4.2 mil. The Mall of Victor Valley is the dominant regional mall serving Southern California’s High Desert region,...
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• Modus Furniture Renews Its 231k sf Fontana Distribution Facility
3/30/17
Los Angeles-headquartered Modus Furniture International inked a five-year, $6 mil renewal for its 231.6k sf ($0.43/sf/mo) facility in Fontana. Located on a 12-acre site at 11751 Cabernet Dr, the building is part of the 140-ac...
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• Wolverine Worldwide Leases 720k sf Distribution Space in the Inland Empire
3/29/17
Global footwear and apparel company Wolverine Worldwide has leased 720k sf of distribution space in the Inland Empire, at Crossroads Logistics Center in Beaumont, in a transaction initially announced in the second half of las...
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• Newcastle Partners Finishes Work on 147k sf Industrial Facility
3/29/17
Newcastle Partners Inc recently wrapped up construction of Knox Logistics Center, a 147k sf industrial building in Moreno Valley. Valued at approximately $14 mil, the property is located at 17610 Harvill Ave, north of Harley ...
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• Golden Corral Inks Lease for New Restaurant Location in Ontario
3/24/17
Golden Corral has inked a lease for a 12.9k sf restaurant within the Kmart-anchored Vineyard Freeway Center in Ontario. From what we understand, the 15-year deal has a value around $3 mil, which divides out to $1.29/sf/mo.
...
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• New 221k sf Industrial Development Completed in Jurupa Valley
3/16/17
Galena Business Park, a new $13.3 mil industrial office park in the Inland Empire’s Jurupa Valley, has just been completed. Located at the corner of Galena St and Troy Ct, Galena Business Park consists of five high-bay indust...
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• Newcastle Partners Starts Construction on 570k sf of Industrial Facilities in the Inland Empire
3/13/17
San Francisco-based Newcastle Partners recently begain construction of two industrial facilities totaling 570k sf in the Inland Empire cities of Riverside and Chino.
One of the facilities, Meridian Distribution Center II, t...
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• Pomona Rite Aid Sells for $290/sf
3/09/17
Temple City-based FC Investment LLC paid $4.85 mil for a 16.7k sf, single-tenant triple-net leased property occupied by Rite Aid in Pomona. The deal came in at a price of $290/sf and a cap rate of 5.92%.
Built in 1998, the p...
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• New Single-Tenant Rite Aid in Menifee Trades for $523/sf and a Cap Rate of 4.72%
3/07/17
A private investor paid $9 mil for a new, single-tenant absolute net-lease Rite Aid property in the Inland Empire city of Menifee. The 17.2k sf ($523/sf) property is located at 28995 Newport Rd, just east of I-215. The deal c...
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• Upland Center Signs One of the First 365 by Whole Foods Market Stores in the U.S.
3/06/17
GPI Companies and LStar Communities have started construction on a new 365 by Whole Foods Market at Sycamore Hills Plaza in the Inland Empire. The 80k sf shopping center is located in the master-planned community of Sycamore ...
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• Riverside Denny’s Sells for $957/sf
3/03/17
A 3.7k sf, single-tenant NNN-leased property occupied by Denny’s in Riverside sold for $3.54 mil, or $957/sf. Denny’s has been at this location for 50 years (that’s a lot of Grand Slam breakfasts) and recently renewed its lea...
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• Workers Comp Administrator Firm Buys Ontario Office Property
3/03/17
AdminSure Inc, a third-party administrator of workers’ compensation and liability programs, paid $4.73 mil for a 30.4k sf ($155/sf) office building in Ontario. The two-story building is located at 3380 Shelby, just west of Ha...
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• Chino Retail Center Lands $25 Mil in New Financing
2/23/17
Euclid Plaza LLC has obtained a $25 mil loan on Stater Bros. Plaza, a 73.6k sf retail center in Chino. Built in 2008, Stater Bros. Plaza was 96% leased at the time of the financing. In addition to Stater Bros., tenants includ...
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