Riverside
Royal Gourmet Expands to West Coast with Riverside Facility
Peachtree Corners, GA-based Royal Gourmet Corp. signed a 74-month, 65,000-square-foot industrial lease with LBA Realty at Hunter Highland Corporate Center… Read more
Government-Occupied Riverside Office Asset Sold for $16M
Laguna Beach-based Dornin Investment Group divested a 44,354-square-foot, Class A office building in Riverside for $16 million, or $361-per-square-foot. The… Read more
Colony Sells Riverside’s Commerce Square Business Park
Los Angeles-based Colony Capital divested Commerce Square, a four-building, 128,912-square-foot business park in Riverside for more than $14 million. The… Read more
Avison Young Handles Orbis Land Deal in Perris, Industrial Development Planned
Newport Beach-based Orbis Real Estate Partners acquired a 5.87-acre land parcel in Perris, CA for $2.26 million. The company is… Read more
California Gov. Newsom Closes Bars in 7 Counties, Advises Another to Reinstate Stay-Home Order
The Golden State’s planned reopening took a few steps back over the weekend. California Governor Gavin Newsom on Sunday tweeted:… Read more
PGIM Delivers $66M for 1M-SF Riverside Industrial Acquisition
PGIM Real Estate arranged $66 million in acquisition financing for a one-million-square-foot industrial facility in Riverside. The fixed-rate loan was… 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
CBRE Brokers Single-Tenant Trade of Riverside Office Building
Dornin Investment Group has sold a single-tenant office building, leased to the County of Riverside, to an undisclosed Los Angeles-based… Read more
Riverside Opens Cost-Effective Homeless Shelters
Anaheim-based nonprofit City Net has created emergency shelters for up to 56 homeless individuals at the “Emergency Shelter Cabin Village”… Read more
Irvine Holdings LLC Leases 18K SF in Lake Elsinore
Carey Pastor of Coldwell Banker Commercial Southern California has completed a more than $1-million lease for 18,140 square feet of… Read more
1M-SF Riverside Distribution Facility Trades
A 1,012,995-square-foot warehouse and distribution facility located at 6275 Lance Dr. in Riverside, CA, that is 100% leased to Cardinal… Read more
Lee Riverside: East Valley Industrial Stays Strong
The fourth quarter of 2019 posted strong activity and gross absorption for the East Valley industrial market of the Inland… Read more
CushWake Brokers Sale of Riverside Self Storage Development
Cushman & Wakefield self storage guru Greg Wells has finalized the sale of a fully-entitled self storage development site to… Read more
CIP Recaps Trio of Inland Empire Assets for Nearly $59M
JLL arranged $58.6 million in first lien financing for three industrial/office properties totaling 609,898 square feet in the Inland Empire.… Read more
Don’t Expect Let-Up in Inland Empire Industrial Markets Anytime Soon
A booming Inland Empire industrial market experiencing record-low vacancy rates and record-high asking rates could eventually be derailed by headwinds… Read more
USC Casden Forecast: Expect Triple-Digit Rent Increases
The 2019 USC Casden Economics Forecast predicts that the average Southern California apartment dweller will pay at least $100 more… Read more
Hunt Real Estate Capital Provides $35M to Refi Five-Property California Portfolio
New York-based Hunt Real Estate Capital provided one Fannie Mae Conventional Loan and four Fannie Mae Small Loans to refinance… Read more
Dermody Delivers Riverside Cross-Dock Logistics Facility
Reno, NV-based Dermody Properties completed the construction of LogistiCenter at Park Meridian on 13.53 acres in Riverside, CA. The facility… Read more
UC Riverside, ACC Break Ground on First Phase of Resi MXU
The University of California, Riverside (UCR) and Texas-based American Campus Communities (ACC) broke ground on the first phase of North… Read more