Inland Empire

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  • NY Investor Praedium Buys Inland Empire Apartments

    The property consists of 13 two- and three-story buildings spread across 19.7 acres.

    West 11 March 2016 08:23
  • 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
  • Picerne Breaks Ground on Inland Empire Apartments

    Ground has been broken on Vistara, a 298-unit apartment community in Ontario, Calif., in the region known as the Inland Empire. The developer, The Picerne Group, anticipates that the property will be complete by the second quarter of 2015.

    West 04 August 2014 19:33
  • 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
  • JP Morgan Sells 250-Unit Texas Asset

    Cortland Partners buys an asset from JP Morgan in Texas; Grandbridge arranges $21 million for a student housing community in Minnesota; and Jones Lang LaSalle brokers an Inland Empire sale by Essex Property Trust to Western National.

    National 17 December 2012 19:28
  • Fannie Mae Opens Mortgage Help Center Expansion in Inland Empire, California

    Fannie Mae opened an extension of its Los Angeles Mortgage Help Center in the Inland Empire region to provide free education and counseling services to struggling California homeowners.

    National 01 August 2012 16:45