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Fontana Industrial Bldg Trades for $7.8M

Molto Capital LLC purchased the industrial facility at 13505 Marlay Ave. in Fontana, CA for $7.825 million, or about $70 per square foot, from CH Hu Corporation. The seller, doing business as Organize It All, Inc., a housewares products importer, will lease back the facility for two years.

Built in 2005, the property totals 111,419 square feet on 5.5 acres located at the northwest of Marlay Ave. and Mulberry Ave., south of Jurupa Ave. with close…

via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Fontana-Industrial-Bldg-Trades-for-$78M/143767?ref=/News/Article/Fontana-Industrial-Bldg-Trades-for-$78M/143767&src=rss

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Grandbridge Expanding CRE Lending Biz Into So. Cal Markets

Grandbridge Real Estate Capital, a wholly-owned subsidiary of North Carolina-based bank BB&T Corp., wrapped up its acquisition of Dwyer-Curlett & Co. to expand its commercial real estate finance business into southern California.

Grandbridge Senior Vice Presidents Shelley Magoffin and Thomas Kenny will serve as regional managers for the Los Angeles, Orange County and San Diego offices, which have a combined total of 20 loan originators as well…

via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-vi.costar.com/News/Article/Grandbridge-Expanding-CRE-Lending-Biz-Into-So-Cal-Markets/143685?ref=/News/Article/Grandbridge-Expanding-CRE-Lending-Biz-Into-So-Cal-Markets/143685&src=rss

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Watch List: Delinquent Sears, Kmart, JCPenney Retail Properties

In this week’s Watch List, CoStar examined CMBS loans for properties in which two of the largest three tenants were either a Sears, Kmart or JCPenney anchor. All three retailers have Fitch Ratings of either B or CCC with negative outlooks.

We identified 91 CMBS loans securitized before 2010 that were backed by such properties. The loans are delinquent or were not paid off at maturity on 22 of the 91 properties backing the loans, or 24%.

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via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Watch-List-Delinquent-Sears-Kmart-JCPenney-Retail-Properties/143610?ref=/News/Article/Watch-List-Delinquent-Sears-Kmart-JCPenney-Retail-Properties/143610&src=rss

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Facility Closures & Downsizings: Hostess Wind-Down a Wind-Up for Other Bakeries

After winning bankruptcy court approval to close down its business, Hostess Brands began the process of shuttering its 33 bakeries, 565 distribution centers, approximately 5,500 delivery routes and 570 bakery outlet stores resulting in the loss of 18,500 jobs.

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Among other provisions, the court order provides Hostess Brands with added liquidity through an amended debtor-in-possession financing agreement…

via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Facility-Closures-Downsizings-Hostess-Wind-Down-a-Wind-Up-for-Other-Bakeries/143612?ref=/News/Article/Facility-Closures-Downsizings-Hostess-Wind-Down-a-Wind-Up-for-Other-Bakeries/143612&src=rss

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TA Associates Realty Sells Perris Industrial for $2M

Acumen Electronics purchased the industrial building at 460 Harley Knox Blvd. in Perris, CA for $2,016,855, or about $53 per square foot, from TA Associates Realty. The Corona-based buyer is a manufacturer and supplier of transformers, doing business as Triad Magnetics, Inc.

Built in 2007, the property totals 38,018 square feet on 1.9 acres. It is part of the three-building Oleander Industrial Park located at the northeast corner of Harley Knox…

via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/TA-Associates-Realty-Sells-Perris-Industrial-for-$2M/143051?ref=/News/Article/TA-Associates-Realty-Sells-Perris-Industrial-for-$2M/143051&src=rss

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Litek Acquires Chino Industrial For $2.7M

A private investor sold the 33,180-square-foot industrial property at 13970 Benson Ave. in Chino, CA to Litek Composites Corp. for approximately $2.72 million, or $82 per square foot.

The China-based buyer is a manufacturer and supplier of high quality fiber-reinforced plastic (FRP) pipes and fittings.

Built in 2005, the property sits on 1.44 acres located at the southwest of Benson Ave. and Daniels St. in the heart of Chino.

 

via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Litek-Acquires-Chino-Industrial-For-$27M/143049?ref=/News/Article/Litek-Acquires-Chino-Industrial-For-$27M/143049&src=rss

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In The Pipeline: CoStar Development & Construction News for Nov. 18 – 24

In The Pipeline is a column on significant acquisitions of commercial land for sale, and other transactions and trends affecting office, industrial, flex, multifamily, mixed-use, hotel and public works developers. Send us news leads about your new commercial real estate project — and sign up to be added to our distribution list to receive future In the Pipeline columns by e-mail.
Carr Starts Spec Office Project In Bethesda

Carr Properties today…

via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/In-The-Pipeline-CoStar-Development-Construction-News-for-Nov-18-24/143469?ref=/News/Article/In-The-Pipeline-CoStar-Development-Construction-News-for-Nov-18-24/143469&src=rss

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Koyo Purchases Perris Industrial Bldg for $2.4M

Boston-based TA Associates Realty has sold the 46,993-square-foot industrial property located at 440 Harley Knox Blvd. in Perris, CA to Koyo Cooling Systems, Inc. for $2,406,042, or about $51 per square foot.
The buyer, an industry-leading, Japan-based manufacturer of radiators, will occupy the building.

Built in 2007, the property sits on 1.98 acres in the three-building Oleander Industrial Park located at the northeast corner of Harley Knox…

via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Koyo-Purchases-Perris-Industrial-Bldg-for-$24M/143050?ref=/News/Article/Koyo-Purchases-Perris-Industrial-Bldg-for-$24M/143050&src=rss

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CalPERS’ Real Estate Portfolio Returns Slump

The California Public Employees Retirement System’s (CalPERS) Real assets segment could not duplicate prior quarter’s success, when it was the highest returning major asset class.

The investment class, that primarily includes real estate, finished the third quarter with a small positive gain of 0.9%, which trailed both the total fund policy benchmark as well as its own custom policy benchmark (2.2%).

Most of this performance was driven by the…

via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/CalPERS-Real-Estate-Portfolio-Returns-Slump/143324?ref=/News/Article/CalPERS-Real-Estate-Portfolio-Returns-Slump/143324&src=rss

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In The Pipeline: CoStar Development & Construction News for Nov. 11 – 17

In The Pipeline is a column on significant acquisitions of commercial land for sale, and other transactions and trends affecting office, industrial, flex, multifamily, mixed-use, hotel and public works developers. Send us news leads about your new commercial real estate project — and sign up to be added to our distribution list to receive future In the Pipeline columns by e-mail.
Carlton Arranges $400M Loan for Development of Tallest U.S. Residential…

via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/In-The-Pipeline-CoStar-Development-Construction-News-for-Nov-11-17/143221?ref=/News/Article/In-The-Pipeline-CoStar-Development-Construction-News-for-Nov-11-17/143221&src=rss