Riverside
Blackstone’s BREIT, Greystar JV Acquiring $1.2B Student Housing Portfolio
New York-based Blackstone Real Estate Income Trust, Inc. is acquiring the EdR Student Housing Portfolio for $1.2 billion, in a 95%/5% BREIT-led joint venture with Charleston, SC-based… Read more
CBRE Brokers Pair of MF Deals in Riverside, Adelanto
CBRE completed two multifamily transactions in the Inland Empire communities of Riverside and Adelanto. The deals total $4.3 million, and… Read more
LBA Lands Core Industrial Asset in Inland Empire for $20M
LBA Realty purchased a fully-leased industrial building totaling 155,109 square feet on nearly seven acres in Riverside, CA from AMA… Read more
California Home Sales Tick Up, Median Price Reaches Eight-Month Peak
California’s housing market continued to gain momentum as seasonally adjusted, existing home sales rose both month to month and year to… Read more
CBRE Represents iHerb in 257K-SF Industrial Lease in Elgin, IL
California-based iHerb.com signed a 257,344-square-foot lease at 2640 Auto Mall Dr. in Elgin, IL. The supplier of natural products and… Read more
Trammell Crow Delivers Trio of Spec Developments Totaling 2.4M-SF
Trammell Crow Company (TCC) completed three speculative industrial buildings totaling 2.4 million square feet in the Inland Empire. The projects… Read more
$16M Debt Financing Arranged for Industrial Portfolio Acquisition
Davis Partners and TH Real Estate secured $15.9-million in debt financing for the recent acquisition of a multi-tenant industrial portfolio… Read more
Riverside Walgreens Sale Sets Record Price
A Walgreens in Riverside, CA sold for $9.5 million, setting a record $741-per-square-foot price for a drug store in Riverside… Read more
California Ranks Tops for Entrepreneurs, Startups
California is the most fertile ground to start and grow a company. Business.org’s ranking of the Best Cities for Entrepreneurs… Read more
$368M CARB SoCal Facility Moves Forward
California’s Dept. of General Services awarded the new $368 million Southern California Consolidation project for the California Air Resources Board… Read more
Riverside Value-Add Office Building Trades Hands
Providence Capital Group acquired an office building in Riverside, CA from Magnon Companies for $7.2 million. The 58,312-square-foot building at… Read more
Construction Milestones Hit at Newcastle Facilities
San Francisco-based Newcastle Partners, Inc. reached construction milestones on two Inland Empire Class A industrial distribution facilities totaling more than… Read more
Sprouts Rolls Out Instacart Grocery Delivery
Six cities in Riverside and San Bernardino counties can now utilize Instacart for home delivery of Sprouts Farmers Market orders.… Read more
CBRE Report: U.S. Office Vacancy Ticks Up
Vacant office space in the U.S. increased slightly by 10 basis points (bps) during Q4 2017 to 13%, according to… Read more
Open in Pharr: Avocado Ripening Facility
Index Fresh, an avocado packing and distribution company headquartered in Riverside, CA, recently spearheaded a ribbon-cutting for its new, 60,000-squre-foot… Read more
Corey Martin Appointed as Avison Young Managing Director
Corey Martin has been appointed to the position of managing director with Avison Young’s Austin office. In his new role,… Read more
Inland Empire’s Housing Lag May Hurt Sustained Economic Growth
The Inland Empire experienced strong economic growth in 2017, a trend projected to continue in 2018, according to a Regional… Read more
RV Dealership Planned at Former Colton Kmart Site
A former Kmart-occupied retail property in Colton, CA has sold for $5.35 million. CBRE’s Alan Krueger and Vanessa Haddad represented Outdoor… Read more
Inland Empire is SoCal’s Fast-Growth Economy
The Inland Empire claimed the top spot on the Federal Reserve Bank of St. Louis’s list of hottest economies in SoCal.… Read more