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• John Bibeau and Steven Saunders Join CBRE
12/14/16
SoCal brokerage pros John Bibeau and Steven Saunders have joined CBRE, where they will focus on office and industrial transactions in the San Gabriel Valley and western Inland Empire markets.
Bibeau, a Vice President at CBR...
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• Greystone Provides $16 Mil in Freddie Mac Money on Riverside Multifamily Property
12/13/16
Greystone has provided a $15.9 mil Freddie Mac Targeted Affordable Housing loan for the permanent takeout of a Greystone bridge loan on the Highlander Point multifamily property in Riverside, CA. The 132-unit workforce housin...
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• New Victorville Distribution Facility Gets Underway Already 42% Pre-Leased
12/12/16
Stirling Development has commenced construction of Distribution Centre 18, a 370k sf industrial facility located at Southern California Logistics Airport, (SCLA) an 8,500-acre multimodal freight transportation hub which inclu...
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• Inland Empire NNN Property Sells for $891/sf
11/23/16
A private investor paid $4.1 mil for a 4.6k sf ($891/sf), Panera Bread bakery-café and drive thru in Murrieta. The newly constructed property is leased by Panera Bread for 15 years on a NNN basis.
The bakery café, located at...
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• Trumark Homes Working on Four SoCal Res Communities
11/22/16
Trumark Homes is underway with four new SoCal residential communities totaling 363 homes, all in various stages of development. The projects are located in Costa Mesa, Santa Ana and Chino Hills.
One of the projects, Upcoast...
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• Rancho Cucamonga Self-Storage Property Goes for $13.5 Mil
11/14/16
Storage Max Self-Storage, an 83.4k sf, self-storage property in Rancho Cucamonga, sold for $13.5 mil, or $162/sf. The asset, located at 8363 Foothill Blvd, was sold by a local ownership group.
Nicholas Walker represented the...
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• Riverside County Shopping Center Sold in $19 Mil Transaction
11/14/16
Oak Creek II Shopping Center, a 71.9k sf neighborhood shopping center property in the Riverside County municipality of Wildomar sold for $19 mil, or $264/sf. The property was sold by Strata Equity Group Inc, out of San Diego....
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• Private Investor Buys 80-Unit Res Property in San Bernardino
11/14/16
An 80-unit apartment property in the Inland Empire city of San Bernardino was purchased for $10.25 mil ($128k/unit) by a private investor in an off-market transaction. The property, Hillside Apartments, is located Apartments...
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• Exchange Investor Pays Over $600/sf for Shadow Anchored Retail Pad in Hesperia
11/11/16
A 13.9k sf, multi-tenant retail pad, shadow-anchored by a new Walmart Supercenter, in Hesperia, sold for $8.5 mil, or just over $600/sf. The property traded at a cap rate of 5.33% in an off-market transaction which represents...
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• Investor Pays $50/sf for Perris Industrial Property
11/08/16
In a recent industrial sales comp from the Inland Empire, a 309.3k sf building in Perris sold for $15.4 mil, or $50/sf. The facility is located at 3407 and 3411 N. Perris Blvd, east of I-215 and south of Ramona Expwy.
Allen ...
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• TruAmerica and Investcorp Team up in $92 Mil Inland Empire Res Buy
11/07/16
TruAmerica Multifamily in joint venture with institutional capital partner Investcorp has acquired The Highlands, a 556-unit, garden-style apartment community in the Inland Empire community of Grand Terrace. The asset traded ...
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• Exchange Investor Pays $540/sf for Single-Tenant, Retail Property in Moreno Valley
11/02/16
A freestanding, 3k sf retail property in Moreno Valley sold for $1.62 mil, or $540/sf. The property includes a newly developed single-tenant restaurant building that is occupied by El Pollo Loco, which has a new, 20-year leas...
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• Inland Empire Health Plan Takes Riverside Retail Space
10/31/16
In a recent retail lease comp from Riverside, Inland Empire Health Plan (IEHP) inked a five-year deal for 7.6k sf of space at 3590 Tyler St. The deal, which has a total value of approximately $700k, averages out to $1.53/sf/m...
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• Stirling Capital Investments Completes 448k sf Industrial Facility at Its Southern California Logistics Centre in Victorville
10/31/16
Stirling Capital Investments has completed construction of Building 13B, a 447.7k sf industrial facility located at Southern California Logistics Centre (SCLC), a 2,500-acre commercial and industrial complex entitled for 60 m...
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• Citivest Commercial Investments Picks Up 82k sf Coachella Valley Shopping Center
10/28/16
Citivest Commercial Investments LLC paid $19.8 mil for Town Center Plaza, an 82k sf ($241/sf) retail property in Palm Desert. The property, located at 44100-44425 Town Center Way, just east of Hwy 111, was sold by Town Center...
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• Investors Trade 36k sf Riverside Industrial Building
10/26/16
A 36k sf, Class A industrial building in Riverside was purchased by an owner/user for around $4.25 mil ($118/sf). The freestanding industrial building is located at 1780 Dan Kipper Dr, west of I-215 and soth of Hwy 60.
CT Sy...
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• Community Preservation Partners Agrees to Below-Market Lease with SolarCity for Solar Power Installation at Colton Property
10/24/16
Community Preservation Partners (CPP) has agreed to lease 2.2 unused acres at its Arbor Terrace Apartments affordable housing community in Colton to SolarCity at a below-market rate for the installation of a solar power syste...
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• Principal Real Estate Investors Picks Up Newly Developed 1.38 msf Moreno Valley Ind Complex for $93 Mil
10/21/16
Principal Real Estate Investors has acquired March Business Center, a 1.38 msf industrial portfolio composed of two newly developed Class A distribution buildings in Moreno Valley, and subsequently leased the larger, 1.1 msf,...
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• StarPoint Properties Buys 75-Unit Apartment Property in Claremont
10/20/16
StarPoint Properties has purchased Indian Hill Villas, a 75-unit multifamily property in Claremont, for $15.75 mil ($210k/unit) in an off-market transaction. Located at 510 S. Indian Hill Blvd, Indian Hill Villas is just a fe...
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• Mixed-Use Center in Ontario Sells for $24 Mil
10/19/16
A 97.1k sf mixed-use property in Ontario sold for $23.95 mil, or $247/sf. The retail and service center is located at 2403 - 2455 S. Vineyard Ave, on both the north and south sides of the 60 Fwy.
Tenants at the property incl...
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