Costar News

InnSuites Hospitality Trust Sells Best Western Plus InnSuites in Ontario

June 22, 2017 | 11:59 PM PST

YT Life Investment LLC purchased the 150-room Best Western Plus InnSuites hotel property at 3400 Shelby St. in Ontario, CA from Inn Suites Hospitality Trust (IHT) for $17.5 million, or approximately $117,000 per room. The 152,860-square-foot property was delivered in 1991 and subsequently refurbished in 2007. It is minutes from the Ontario International Airport and also in close proximity to the Ontario Mills Shopping Mall, the Ontario Speedway...

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Montclair Retail Trades for $6.6M

June 22, 2017 | 8:52 PM PST

Mintshow International LLC acquired the Shops to Target & Best Buy at 5225-5247 Arrow Hwy in Montclair, CA from Park Center Square LLC for $6.6 million, or about $365 per square foot. The 18,106-square-foot building was constructed in 1978 on a 2.3-acre lot near the 10 Freeway. The retail strip was 100 percent occupied at the time of sale. Chris Rodriguez and Adam Indihar of Pacific Commercial Investments, Inc. represented the seller. David...

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JV Buys 194,000-SF Towers at Riverwalk

June 15, 2017 | 6:21 PM PST

A joint-venture partnership between Stillwater Investment Group, CrossHarbor Capital Partners LLC and Greenlaw Partners has purchased the Towers at Riverwalk office complex at 4204 and 4210 Riverwalk Pky in Riverside, CA from Davenport Partners and Long Wharf Capital LLC for $38.23 million, or about $197 per square foot. The two buildings were constructed in 2008, totaling 193,738 square feet. The two buildings were 99 percent leased at the time...

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CoStar's People of Note (June 16) - WCRE Promotes Mannino, CA Ventures Recruits Spellman...

June 15, 2017 | 6:00 PM PST

It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Philadelphia, Chicago, Las Vegas, Washington DC, Portland, Toronto, Milwaukee / Madison, Boston and Los Angeles. PHILADELPHIA WCRE Promotes Mannino to COO By Justin Sumner Anthony Mannino has been promoted to chief operating

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PASSCO Pays $17M for Temescal Village Plaza

June 14, 2017 | 9:52 PM PST

Passco Companies LLC acquired the Temescal Village Plaza at 1185-1199 E. Magnolia Ave. in Corona, CA for $16.95 million, or about $266 per square foot, from RAI Wealth Management. Built in 1983, the 63,606-square-foot retail strip is located near the 15 Freeway. It was 94 percent occupied at the time of sale. Dixie Walker and Charles Simpson of Cushman & Wakefield represented the seller. Please see CoStar COMPS #3901604 for more information...

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