In-N-Out is coming to the new Rialto Village mall – Press Enterprise

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Rialto Village is officially underway, opening August 18 with at least 18 merchants committed to the new mall, including In-N-Out and Sprouts.

The mall on the southwest corner of San Bernardino and Riverside Avenues is expected to open by the end of 2023, according to NewMark Merrill Cos., which is developing the project.

Read more: Are California Transplants Boosting In-N-Out Sales in Texas?

  • NewMark Merrill Cos. began work on Rialto Village, a 96,000 square foot shopping center in Rialto that will include In-N-Out and Sprouts and Burlington anchors. The company expects construction to be complete by the third quarter or 2023. (Courtesy of NewMark Merrill Cos.)

  • Rialto Village, a 96,000 square foot shopping center in Rialto, will...

    Rialto Village, a 96,000 square foot shopping center in Rialto, will have an In-N-Out and Sprouts and Burlington anchors. NewMark Merrill Cos. expects construction to be complete by the third quarter or 2023. (Courtesy of NewMark Merrill Cos.)

  • Sprouts, Ulta and Burlington are among at least 18 tenants...

    Sprouts, Ulta and Burlington are among at least 18 tenants who have pledged to lease space at Rialto Village. The new Rialto shopping center was inaugurated on August 18. Construction is expected to be complete by summer 2023. (Courtesy of NewMark Merrill Cos.)

Other key anchors for the 96,000 square foot center will include Burlington, Ulta and Five Below.

CBRE, which markets Rialto Village, said it has so far signed deals with Mattress Firm, Arrowhead Credit Union, Quick Quack Car Wash and store leases with Cold Stone Creamery, The Joint, Nekter Juice Bar, Coffee Bean & Tea. Leaf and West. Coast dental.

NewMark Merrill said it completed the purchase of the site in early August. The company said only one store measuring 2,700 square feet remained available.

TailoredSpace opens its latest coworking space on Thursday September 1st in Rancho Cucamonga.  (Courtesy of TailoredSpace)
TailoredSpace opens its latest coworking space on Thursday September 1st in Rancho Cucamonga. (Courtesy of TailoredSpace)

Coworking space debuts in Rancho Cucamonga

TailoredSpace is opening its latest coworking space on Thursday, September 1 in Rancho Cucamonga.

The company offers monthly rental space for individuals or small businesses with prices ranging from $275 per month for a single office to $695 for a one-person office. Desks for more than one user range from $995 (2 people) to $1,895 (6 people). Conference rooms can be rented for $50 per hour.

Facility amenities include all furniture, access to the “phone booth”, internet service, on-site staff, coffee and snacks, mail handling, printing, and office supplies.

The company has other coworking spaces in Corona, Riverside, Chino Hills, Brea, Carlsbad and West Covina.

For more details on the space and how to register, visit tailorspace.com

Cal State San Bernardino named an online Bachelor of Arts in Administration program after the grocery chain run by Jack Brown for decades.  Here, Professor Javad Varzandeh addresses the audience during a graduation ceremony at the Jack H. Brown College of Business and Public Administration in Ontario on Saturday, May 21, 2022. (File photo by Milka Soko, Contributing Photographer)
Cal State San Bernardino named an online Bachelor of Arts in Administration program after the grocery chain run by Jack Brown for decades. Here, Professor Javad Varzandeh addresses the audience during a graduation ceremony at the Jack H. Brown College of Business and Public Administration in Ontario on Saturday, May 21, 2022. (File photo by Milka Soko, Contributing Photographer)

The Stater Bros. Online Bachelor’s Degree arrives at Cal State SB

Cal State San Bernardino named an online Bachelor of Arts in Administration program after the grocery chain run by Jack Brown for decades.

The Stater Bros. Online Bachelor of Arts Administration Graduation Program. Markets will be administered and taught by the Jack H. Brown College of Business and Public Administration.

The Cal State University Board of Trustees unanimously approved the name at its May 24 meeting.

The university will offer the program online as a route to the local grocery chain to provide training opportunities for its employees.

“We are very pleased to further strengthen the college’s commitment to Stater Bros. Markets through this wonderful educational partnership,” said Tomás Gómez-Arias, Dean of Jack H. Brown College. “JHBC is proud to commit to this partnership by offering its cutting-edge curriculum taught by our incredible faculty and supported by our dedicated staff to make a meaningful impact in the region.”

The new online degree is offered in an asynchronous format, which means students can set their own schedules.

La Palma-based Silver Star Real Estate has acquired this 304-unit apartment complex in Riverside, according to CBRE.  The terms were not disclosed by the firm.  (Courtesy of The Foto Finisher)
La Palma-based Silver Star Real Estate has acquired this 304-unit apartment complex in Riverside, according to CBRE. (Courtesy of The Foto Finisher)

Metro 3610 fetches $204 million for 304 units

A week after detailing the sale of the 304-unit Metro 3610 apartment complex in Riverside, we now have the purchase price.

The complex was sold for $204 million to Silver Star Real Estate in La Palma, according to documents provided by Vizzda, a commercial real estate data company.

The complex at 3610 Banbury Drive was built in 1984 on 15.2 acres.

Rents at Metro 3610 range from $1,857 to $2,633 for one- and two-bedroom units, according to Apartments.com.

The complex has two swimming pools, a spa and children’s pool, tennis courts, a clubhouse, an updated fitness center and an open green space with children’s playgrounds. picnic areas, grill stations and a playground.

Dedeaux Properties in Los Angeles has sold a 205,589 square foot industrial building in Perris to an unidentified investor.  Terms of the sale were not disclosed for the property at 100 Walnut Ave., which was recently completed on 9.56 acres.  (Courtesy of Avison Young)
Dedeaux Properties in Los Angeles has sold a 205,589 square foot industrial building in Perris to an unidentified investor. Terms of the sale were not disclosed for the property at 100 Walnut Ave., which was recently completed on 9.56 acres. (Courtesy of Avison Young)

The Perris industrial building sold to an investor

Dedeaux Properties in Los Angeles has sold a 205,589 square foot industrial building in Perris to an unidentified investor, according to brokerage firm Avison Young.

Terms of the sale were not disclosed for the property at 100 Walnut Ave., which Avison said was recently completed on 9.56 acres.

“The Inland Empire continues to be one of the nation’s hottest industrial markets, where user demand is outpacing construction deliveries despite a strong development pipeline,” said Stan Nowak of Avison Young. “We believe this trend will continue for the foreseeable future and strengthen development and capital investment despite macro headwinds.”

The buyer was represented by Carol Taubman of Westgate Industrial Properties.

Dedeaux specializes in logistics warehouse real estate. Recently, the company executed a changeover on a 47,809 square foot distribution center in Bloomington. The company also purchased 4 acres in two Perris plots for $5.96 million where it is developing an 88,000 square foot industrial building, Avison Young reported in early July.

The region’s mega-warehouse leases are 4th in the country

The Inland Empire’s extra-large industrial leases rank fourth in the nation, according to a CBRE study.

CBRE assessed leases in the first six months of 2022 for “mega warehouses” that exceed 1 million square feet. The brokerage found 37 such leases, including seven in the Inland Empire. The combined leased space was 7.4 million square feet.

The region was tied to Savannah, Georgia, while top markets included No. 1 Atlanta with 12 leases and 10.3 million square feet, Chicago with 11 (8.9 million square feet) and Indianapolis with nine ( 7.3 million square feet).

“Demand for warehouses of 1 million square feet or more in the Inland Empire is driven primarily by Fortune 500 retailers and third-party logistics companies, many of which are adapting their supply chains to add additional capacity and meet their e-commerce needs,” said Dan de la Paz, executive vice president, SIOR, at CBRE. As we are still in the early stages of modernizing this supply chain strategy, the trend towards mega-warehouses is likely to persist, especially in the Inland Empire.

De la Paz says the only headwind will be “a lack of supply in the central part of the market, which will push development north and east.”

Business notes are compiled and edited by business writer Samantha Gowen. Submit articles to [email protected] High resolution images can also be submitted. Allow at least a week for posting. Items are edited for length and clarity.

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