Inland Empire

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  • Buchanan Street Provides $25M Refi for SoCal Retail Center

    Stater Bros. Plaza, a 73,641-square-foot grocery-anchored shopping center in Chino Valley, Calif., was 96 percent leased at the time of the financing.

    Los Angeles 20 February 2017 21:24
  • San Bernardino Office Campus Acquired by Hines/Oaktree Joint Venture

    A San Bernardino office portfolio was recently acquired in a deal completed by international real estate firm Hines. Part of a joint venture that it has created with a fund managed by Oaktree Capital Management LP, the company acquired the Inland Empire property from two investment funds managed by Rancon Real Estate. The Tri-City Corporate Center is now under the ownership of the JV, with the financial terms of the property not being disclosed. Industry analysts placed the estimated value of the deal at around $100 million. After the completion of the transaction, the property management duties at Tri-City Corporate Center will be handled by Hines.

    Los Angeles 06 April 2015 13:17
  • MetLife Brings 3 MSF Industrial Park to Metro Atlanta

    A new large-scale Class A industrial distribution park called Lambert Farms Distribution Center is coming to Henry County, bringing about 1,200 full-time construction jobs to the area. MetLife, Inc.’s joint venture with Newport Beach, Calif.-based Panattoni Development Company will carry out the project. MetLife is majority partner and the privately held California developer will be the managing member.

    Atlanta 11 July 2014 19:08
  • Inland Empire Power Center Trades Hand in $49 Million Deal Arranged by HFF

    An Inland Empire retail property traded hands recently, with Holiday Fenoglio Fowler announcing that it had closed a deal for an asset located in Jurupa Valley. The leading provider of commercial real estate and capital markets services completed the acquisition of the Vernola Marketplace by a joint venture consisting of Rockwood Capital, Equity One, Inc. and Vestar, three high-profile real estate companies in the U.S. The JV paid a fee of $49 million for the shopping venue.

    Los Angeles 08 February 2014 21:18