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Inland Empire
Commercial Real Estate News
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Property Sales On The Rise in Light of Retrofit Orders
Some owners of multifamily properties are putting their buildings on the market, opting to offload the properties instead of paying the high cost of retrofitting them. The trend emerged after a list was released last year by city officials that included...

Allstars Corp Takes 102,000 SF in Ontario
Allstars Corp., a 3PL provider, leased 102,400 square feet within the Airport Mission Park, located at 1041 South Mildred St. in Ontario, CA. The tenant will be moving into Airport Mission Park Building 2, a 102,400-square-foot, single-tenant warehouse...

IRA Capital Sells Upland Town Square for $31.7M
Brixmor Property Group purchased the Upland Town Square shopping center at 813 - 913 W. Foothill Blvd. in Upland, CA for $31.7 million, or about $316 per square foot, from IRA Capital. The 88-percent occupied center was originally constructed in 1965...

Topson Downs Leases 443,000 SF in Watson Industrial Park
Topson Downs has signed a full-building lease for the 442,920-square-foot Legacy Building 846 located at 8986 Remington Ave. in Chino, CA. Watson Land Company is the developer and owner of the building, which was completed in July 2017 on 22.6 acres...

Blackstone Acquires 4.4 Million-SF Southern CA Logistics Portfolio
New York City-based Blackstone Group LP has acquired 38 industrial properties totaling 4.4 million square feet in Los Angeles County and the Inland Empire from Des Moines, IA-based Principal Real Estate Investors. The portfolio, which includes warehouses...

Murrieta Town Center Sold for $56.6M
U.S. Realty Partners, Inc. acquired the Murrieta Town Center at 39815-39885 Alta Murrieta Dr. and 40461-40489 Murrieta Hot Springs Rd. in Murrieta, CA for $56.6 million, or about $169 per square foot, from Jade Enterprises. Built in 1990, the 334,939...

CoStar Market Insights: 4-Star Apartments Gaining Investor Favor
People priced out of the Los Angeles, Orange County and San Diego markets have been helping to drive population growth in the Inland Empire as they search for more affordable housing. The Inland Empire is generally treated as one area, grouping Riverside...

Knowleton Partners Sells Rite Aid Property
Xyli LLC purchased the retail facility at 910 W. Ontario Ave. in Corona, CA from Knowleton Partners, Inc. for $9.7 million, or about $632 per square foot. The 15,341-square-foot building was constructed in 2017 on 1.9 acres. Rite Aid had signed a 20...

Radpro Holdings Sells Ontario Office Building
Radpro Holdings 2 LLC sold the office building to Minkun Real Estate for $8.12 million, or approximately $182 per square foot. The building was constructed in 1992 and is located at 3270 Inland Empire Blvd. in Ontario, CA. The 44,500-square-foot,...

Hundreds of Localities Fortify Their Amazon HQ2 Bids with Hefty Financial Incentives
Under The Irvine Co.'s Spectrum Terrace proposal, Amazon would not be required to invest capital for land acquisition, buildings or entitlements. Amazon confirmed this week that 238 North American cities and regions submitted bids to be the home of...

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