Tri Pointe opens two neighborhoods at Canyon Hills Heights in Lake Elsinore
Tri Pointe Homes: Harmony and Serene, the builder's two new single-family neighborhoods inside the Canyon Hills masterplan, opened May 16.
NewMark Merrill signs 11 tenants at Victorville's Desert Sky Plaza II, hits 85% pre-leased
ConnectCRE: The 297,363 sf High Desert center is nearly leased out before a July groundbreaking, with Ross, Five Below, Target and Burlington anchoring.
Riverside posts the fourth-highest all-cash home share in the country
Demolition begins on the Ontario warehouse lost to fire
Ontario airport starts the clock on a fourth terminal
IE Business Daily: ONT BOLD — a fourth terminal, a six-story garage, and full upgrades to the two existing terminals — clears its first hurdle. The buildout could run 10 years or more.
The Inland Empire is one of the most foreclosure-exposed big markets in the country
Citrus Belt Review: Filings here hit one in every 811 properties — nearly double the national rate — while a $600,000 median and 66%-of-wages cost burden squeeze buyers. The equity cushion is what keeps it a normalization story, not a 2008 repeat.
Orel Hershiser Chevrolet takes over M.K. Smith Chevrolet in Chino
Champion Newspapers: The Dodgers legend's dealership group buys a Chino fixture operating since 1941.
PCCP and Alliance Residential buy a Riverside complex for $65.3M
Connect CRE: A 2023-built, 184-unit garden-style community trades in a submarket the buyers are betting on for long-run demographic demand.
Walmart buys its Riverside cold-storage facility for $223M
The Real Deal: Walmart bought the building it had rented since 2010 — a bet on cold storage while the rest of the IE industrial market sits at 8.1% vacancy.
A 1,400-acre housing tract hits the market near Lake Mathews
ConnectCRE: Entitled land at this scale rarely trades in SoCal — and this one already carries a tentative tract map, central to Corona, Riverside, and Menifee.
Walmart pays $223M for the Riverside cold-storage building it's leased since 2010
ConnectCRE: About $440 a square foot for the 507,000 sf temperature-controlled plant on Columbia Avenue — a tenant turning owner in a cold-storage market where demand keeps outrunning supply.
Ontario Airport Hotel rebrands as Hyatt Regency, targets December opening
Hyatt Regency: The Ontario Airport Hotel & Conference Center is becoming a Hyatt Regency following a property-wide renovation. The redesign includes 284 guestrooms, a new Mediterranean restaurant called Lozano, 22,000 square feet of meeting space, and a heated pool. Completion is targeted for December 2026.
IE warehouse vacancy hit 7.8% in the first quarter
Moreno Valley's Villa Annette refinances with a $46M bridge loan
ConnectCRE: The loan retires construction debt and returns equity to the borrower on a newly built 220-unit complex — a clean exit from the build phase rather than a sale.
China-based 3PL takes a 500,000 sf Ontario warehouse that sat vacant two years
MacLeod & Co.: The building sat empty nearly two years because most large tenants chase 32-to-40-foot ceilings; this 3PL runs fine at 30-foot clear — and the terms (large free rent, a big TI allowance, a below-market rate) read like a tenant's market.
Moreno Valley's 220-unit Villa Annette draws $46M bridge refi from Dwight
ConnectCRE: Dwight Mortgage Trust supplies a fresh bridge on the newly built lease-up property; proceeds retire construction debt and return equity to repeat sponsor Latco Enterprises.
Walmart, Clarion buy IE big-box warehouses as vacancy hits 8.5%
Cushman & Wakefield IE MarketBeat: Five big-box sales closed in Q1, each over 390,000 sf. Walmart paid $220 psf for a 507,000-sf Riverside box; Clarion bought a million-sf building from LACERA for $140M.
San Bernardino Starbucks sells in $8.14M two-property package
Inland Empire Business Journal: Hanley Investment Group brokered the two-property deal; only the San Bernardino property is in the IE.
Pollo Campero ground lease in Lake Elsinore sells for $2.93M
Inland Empire Business Journal: Hanley Investment Group calls it a near four-year low cap rate benchmark.
Wienerschnitzel building in Ontario sells for $2.8M
Inland Empire Business Daily: Private investor buys the 2,700 sf free-standing building at 4605 Mills Circle.