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San Jacinto Industrial Trades for $1M

Lion Eagle Holdings LLC purchased the industrial building at 1280 S. Buena Vista St. in San Jacinto, CA for $1.01 million, or about $56 per square foot, from 1280 Buena Vista Street LLC.

Built in 2000, the property totals 18,000 square feet on 1.3 acres at the northwest corner of W. Esplanade Ave., east of S. State St., in Riverside County. The buyer is an owner/user, and will occupy the building doing business at Interstate Carports Corp.

Neither…

via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/San-Jacinto-Industrial-Trades-for-$1M/148050?ref=/News/Article/San-Jacinto-Industrial-Trades-for-$1M/148050&src=rss

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Behringer Harvard, CT Realty Sell Interchange Business Center

A joint venture between Behringer Harvard and CT Realty Investors has sold the Interchange Business Center, located at 1651 Interchange Dr. and 3372-3524 N. Mike Daley Dr. in San Bernardino, CA, to a privately-held national real estate advisor.

The three-building complex comprises 667,024 square feet of class A industrial space on 34 acres in the Inland Empire, east of Los Angeles. They were all built in 2008 and feature multiple loading docks…

via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Behringer-Harvard-CT-Realty-Sell-Interchange-Business-Center/148086?ref=/News/Article/Behringer-Harvard-CT-Realty-Sell-Interchange-Business-Center/148086&src=rss

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Market Trend: Inland Empire’s Industrial Vacancy Decreases to 6.6%

The Inland Empire Industrial market ended the first quarter 2013 with a vacancy rate of 6.6%.

The vacancy rate was down over the previous quarter, with net absorption totaling positive 2,974,940 square feet in the first quarter. That compares to positive 5,473,229 square feet in the fourth quarter 2012. Vacant sublease space decreased in the quarter, ending the quarter at 689,384 square feet.

Tenants moving into large blocks of space in…

via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Market-Trend-Inland-Empires-Industrial-Vacancy-Decreases-to-66/148004?ref=/News/Article/Market-Trend-Inland-Empires-Industrial-Vacancy-Decreases-to-66/148004&src=rss

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Riverton of the High Desert Trades for $19M

Ranco Realty Group LLC sold the Riverton of the High Desert apartment complex at 14374 Borego Rd. in Victorville, CA to Clear Capital LLC for $19 million, or about $86,000 per unit.

Originally constructed in 2008, the 220-unit multifamily property totals 197,672 square feet, comprising 16 buildings on 11.1 acres located at the southwest corner of Borego and Seneca Roads. The subject property consists of 36 one-bed, one-bath and 184 two-bed, two…

via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Riverton-of-the-High-Desert-Trades-for-$19M/147807?ref=/News/Article/Riverton-of-the-High-Desert-Trades-for-$19M/147807&src=rss

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Fontana Industrial Sells for $3.2M

Mendocino Forest Products Company LLC purchased the industrial building at 13041 Union Ave. in Fontana, CA for $3.2 million, or about $59 per square foot, from a private trust. The buyer, a manufacturer and distributor of environmentally-certified lumber products, had been leasing the premises for about two years at the time of sale.

Built in 1979, the rail-served warehouse property totals 53,825 square feet on 5.6 acres located at the southeast…

via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Fontana-Industrial-Sells-for-$32M/144752?ref=/News/Article/Fontana-Industrial-Sells-for-$32M/144752&src=rss

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Riverside Industrial Sells for $1.7M

Farmer Brothers Co. sold the industrial property at 12101 Madera Way in Riverside, CA to Omega Properties, Inc. for $1,716,500 or about $64 per square foot. The buyer is an owner/user doing business as Roll-A-Shade, a manufacturer of roller shade products.

Built in 1989, the property totals 26,737 square feet on 1.6 acres, part of the Rivergate Industrial Park located at the northeast corner of the 91 Freeway and Buchanan St.

 

via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Riverside-Industrial-Sells-for-$17M/147280?ref=/News/Article/Riverside-Industrial-Sells-for-$17M/147280&src=rss

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San Bernardino Industrial Trades For $11.9M

CT California Realty Fund VII purchased the fully-leased industrial building at 1333 S. Tippecanoe Ave. in San Bernardino, CA for $11.9 million, or approximately $53 per square foot. The seller, Loma Linda University, will remain in the building and lease back the property from the buyer.

The 225,000-square-foot building is located at the northeast corner of E. Victoria Ave. sits on a 7.9-acre parcel. Building features include three loading docks…

via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/San-Bernardino-Industrial-Trades-For-$119M/146907?ref=/News/Article/San-Bernardino-Industrial-Trades-For-$119M/146907&src=rss

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Lollicup Preleases 300,000-SF First Chino Logistics Ctr

Lollicup USA, Inc. has pre-leased the entire 300,300-square-foot First Chino Logistics Center currently under construction at 6185 Kimball Ave. in Chino, CA for its new US headquarters. The specialty beverage retailer and supplier will take occupancy of the building when it delivers midway through the second quarter of 2013, housing its offices and production, distribution and service centers.

Located at the corner of Magnolia Ave. in the West…

via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Lollicup-Preleases-300000-SF-First-Chino-Logistics-Ctr/146637?ref=/News/Article/Lollicup-Preleases-300000-SF-First-Chino-Logistics-Ctr/146637&src=rss

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Lake Elsinore Industrial Portfolio Trades for $2.6M

Dunbar Real Estate Investment Management sold three industrial buildings located at 31947-31951 Corydon Rd. in Lake Elsinore, CA to an investment corporation for $2.6 million, or about $66 per square foot.

The three buildings that make up Skypark Industrial Center, located on a 2.76-acre parcel in the South Riverside submarket, total 39,035 square-feet. Built in 2006, the asset was 86 percent occupied at time of sale.

 

via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Lake-Elsinore-Industrial-Portfolio-Trades-for-$26M/146345?ref=/News/Article/Lake-Elsinore-Industrial-Portfolio-Trades-for-$26M/146345&src=rss

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Mobis Parts America Leases 500,000 SF

Mobis Parts America LLC leased 506,436 square feet at 1900 S. Rochester Ave. in Ontario, CA.

The 506,436-square-foot distribution building sits on 21 acres right next to the I-15 freeway between Jurupa St. and Mission Blvd. It features 56 loading docks with levelators, 30-foot clear heights, 800-amp heavy power, skylights and a fenced lot.

 

via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Mobis-Parts-America-Leases-500000-SF/146208?ref=/News/Article/Mobis-Parts-America-Leases-500000-SF/146208&src=rss