Montclair
Former Red Lobster Adjacent to Montclair Place Sells to Owner/User
Progressive Real Estate Partners closed the sale of a fully built-out restaurant located at 9345 Monte Vista Ave. in Montclair… Read more
Berkadia Secures $47M Refi on Upland Apartments
Berkadia arranged the refinancing of Arbor Park Apartments, a 260-unit, garden-style multifamily property in Upland. Senior managing director Allan Freedman of… Read more
Industrial Outdoor Ventures Brings Montclair Property to Full Occupancy
Industrial Outdoor Ventures (IOV) has leased a 0.9-acre portion of 4187 State St. in Montclair to Mission Steel Fabrication. The… Read more
1031 Buyer Pays $35M for Pomona Apartments
Institutional Property Advisors (IPA), a division of Marcus & Millichap, arranged the sale of Terramonte at Foothill, a 138-unit apartment property… Read more
Main Event Signs on for 52K SF at CIM’s Montclair Place
CIM Group signed a long-term lease with Main Event Entertainment to bring its family fun and event center to an… Read more
Weekly People and Company News for July 28
San Diego-based Douglas Wilson Companies (DWC), a national leader in specialized business, receivership and real estate services, has hired Stephen… Read more
Pacific Urban Furnishes Preferred Equity Toward $150M Purchase
Pacific Urban Investors’ Structured Finance Group provided preferred equity to Archway Equities to facilitate the $150-million acquisition of The Paseos… Read more
Montclair Sale is SoCal’s Largest Multifamily Transaction Year-to-Date
In what’s reportedly the largest multifamily transaction in Southern California to close year to date, real estate investment firm Archway… Read more
Longpoint Snags New Montclair Shopping Center for $23M
Boston-based real estate investment company Longpoint has acquired Cardenas Marketplace, a specialty grocery-anchored shopping center in the Inland Empire city… Read more
Foothill Gold Light Rail Line Nearly Two-Thirds Complete
The Foothill Gold Line Construction Authority has announced the 9.1 mile light rail project from Glendora to Pomona is now… Read more
Montclair Retail Property Sells for $4.6M
Progressive Real Estate Partners has arranged the $4.6 million sale of a 28,000-square-foot retail building on Moreno Street in Montclair,… Read more
IPA Arranges $82M Sale of IE Multifamily Asset
Institutional Property Advisors (IPA), a division of Marcus & Millichap has brokered the $82 million sale of Foothill Ridge, a… Read more
New Standard Equities Sets Sights on Add Value with The Benson
The Benson, a 236-unit multifamily property in Upland, recently sold for $80.75 million or $342,161 per unit. The buyer was… Read more
$1.5B Light Rail Segment is One-Third Complete
The 9.1-mile four-station Foothill Gold Line light rail project segment from Glendora to Pomona reached a major milestone this month.… Read more
Inland Empire Medical Office Trades in 1031 Exchange
Holt Medical Center, a medical office property located in Montclair, was purchased by a private investor for $3.8 million. The… Read more
Rexford Continues to Boost SoCal Industrial Holdings
Los Angeles-based Rexford Industrial Realty Inc. acquired four SoCal industrial properties totaling 632,497 square feet on 30.23 acres for $129.4… Read more
MetroGroup Secures $27M in Financing for Trio of SoCal Industrial Assets
Newport Beach-based MetroGroup Realty Finance arranged a total of $26.5 million in financing on behalf of the respective owners of… Read more
Montclair Place Set for Transformation, 6,300 Resi Units Envisioned
The Montclair City Council approved a plan to transform Montclair Place into a 104-acre mixed-use district encompassing roughly five million… Read more
Nordstrom Permanently Closing 16 Full-Line Stores in Nine States
Seattle-based Nordstrom, Inc. outlined plans to increase flexibility and agility in serving customers and position the business for the long-term… Read more