Fontana Industrial Trades for $1.4M

K & P Auto Dismantlers, Inc. purchased the industrial building at 14975 Hilton Dr. in Fontana, CA for approximately $1.37 million, or $83 per square foot, from California Recyclers. The 16,493-square-foot facility was built in 2007 and is one of four buildings in the Park 66 Business Park. Bradford Yates, Stefan Pastor and Richard Schwartz with Colliers International represented the seller. Ryan Athens and Randy Lockhart with Newmark Grubb...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Fontana-Industrial-Trades-for-$14M/154867?ref=/News/Article/Fontana-Industrial-Trades-for-$14M/154867&src=rss

Temecula Office Sells for $1.4M

Zensei LLC purchased the office building at 41690 Enterprise Cir. N in Temecula, CA for $1.44 million, or about $79 per square foot, from a private trust. Built in 1988, the two-story office property totals 18,324 square feet and sits on 1.3 acres in the South Riverside submarket. The property was 76 percent leased at time of sale. Jon Walters and Michael Pappas of Colliers International represented the seller. Jerry Palmer of WestMar Commercial...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Temecula-Office-Sells-for-$14M/154824?ref=/News/Article/Temecula-Office-Sells-for-$14M/154824&src=rss

Monet Sells for $13.2M in Rancho Cucamonga

Fit Development LP purchased The Monet shopping center at 12455 Victoria Gardens Ln. in Rancho Cucamonga, CA for $13.2 million, or for about $420 per square foot, from the Urbahns Company, Inc. The sale was the buyer’s upleg in a 1031 Exchange. Built in 2007, the 31,400-square-foot shopping center sits on 2.7 acres at the southeast corner of Monet Ave. in the Airport Area submarket of San Bernardino County. The shopping center is anchored by Casual...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Monet-Sells-for-$132M-in-Rancho-Cucamonga/154821?ref=/News/Article/Monet-Sells-for-$132M-in-Rancho-Cucamonga/154821&src=rss

Thanksgiving Thursday Bodes Well for Holiday Shopping

LOS ANGELES-Jones Lang LaSalle Retail CEO Greg Maloney gives GlobeSt.com's Kelsi Maree Borland a recap of Thanksgiving Thursday and Black Friday sales, which indicate a strong holiday season.

via Los Angeles http://www.globest.com/news/12_745/losangeles/retail/Thanksgiving-Thursday-Bodes-Well-for-Holiday-Shopping-340281.html

Small Businesses Get $60M in Financing

LOS ANGELES-In the past three months, the CDC Small Business Finance provides $60 million in SBA loans for small businesses to grow and secure long-term commercial real estate assets.

via Los Angeles http://www.globest.com/news/12_745/losangeles/office/Small-Businesses-Get-60M-in-Financing-340280.html

BH Properties Shifts Focus to West Coast

LOS ANGELES-Following the sale of a multifamily complex in Virginia, BH Properties’ Steve Jaffe tells GlobeSt.com’s Kelsi Maree Borland about the company’s new West Coast strategy.

via Los Angeles http://www.globest.com/news/12_745/losangeles/distressed_assets/BH-Properties-Shifts-Focus-to-West-Coast-340244.html

Havengate, Centrelake Office Portfolio Closes for $26.6M

Rademaker Trust purchased the Havengate Center at 10350-10390 Commerce Center Dr. in Rancho Cucamonga, CA and Centrelake Plaza at 3401 Centrelake Dr. in Ontario, CA from an institutional investor for a total $26.6 million, or about $137 per square foot. This portfolio sale represents one of the largest office transactions in the Inland Empire this year, and brings Rademaker's Inland Empire holdings to about 680,000 square feet. Built in 1987...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Havengate-Centrelake-Office-Portfolio-Closes-for-$266M/154415?ref=/News/Article/Havengate-Centrelake-Office-Portfolio-Closes-for-$266M/154415&src=rss