Corona, CA: Apartments planned for former toxic site

Owners of a former toxic dump site in west Corona say they plan to build apartments and an industrial park on 38 acres.

The project could be considered by the Corona Planning Commission in November, but a date has not yet been set, said Sandra Yang, associate planner for Corona.

Developer Rusty Turner, of Turner Real Estate Investments in Newport Beach, said his company is working to get entitlements to build 288 apartments and an industrial park on the site known as Thomas Ranch. Revisions to the project still are being made.

Corona, CA: B/E Aerospace Inks 93,000-SF Lease

10-Year Corona Deal Valued at $4.2M

B/E Aerospace, a world-wide distributor of aerospace fasteners and consumables for the commercial, business and military jet markets, has signed a lease for 93,268 square feet at 350 W. Rincon St. in Corona, CA.

The 10-year deal is valued at $4.2 million. The tenant is expanding from its current 50,000-square-foot space when it takes occupancy of the larger space, which offered a great manufacturing layout at a better rate.

Corona, CA: Rexco Development Breaks Ground on Corona Industrial

New Development to Total 188,000 SF

Rexco Development broke ground on a new industrial development totaling 187,788 square feet at 1400 W. Rincon St. in Corona, CA. The projected is expected to deliver in the first quarter of 2013.

The property sits on 9.3 acres located at the southwest corner of W. Rincon St. and Alcoa Circle, with easy access to the 91, 55 and I-15 Freeways.

Corona, CA: Corona Wants Temescal Valley - Lake Elsinore's Neighbor Moving Closer

If the Temescal Valley annexation is approved, Corona’s city limits would stretch to within about two miles of Lake Elsinore’s boundaries.

Corona and Lake Elsinore could become next-door neighbors if a proposed annexation gets approved.

Representatives from Riverside County agencies will attend the Temescal Valley Municipal Advisory Council meeting July 11 to answer questions and provide information to Temescal Valley residents about the city of Corona’s ongoing proposal to annex their community. Temescal Valley is currently within the city’s sphere of influence.

Corona, CA: Creme de la Creme Bakery Opening in July at The Shops at Dos Lagos

Creme de la Creme Bakery Opening in July at The Shops at Dos Lagos

Corona, CA: Foothill Parkway extension project delayed

In an effort to push a much-delayed Corona road extension project forward, city officials may temporarily downsize it.

Corona planning officials are in the final stages this month of acquiring land for the 2-mile Foothill Parkway extension project that would connect Skyline Drive and Paseo Grande from south Corona to Sierra del Oro.

The project has been envisioned since the mid-1980s, but has been postponed repeatedly because of a lack of funding.

Corona, CA: Monster Finds New Headquarters in CA

Monster Beverage Corp. has purchased a building in Corona, CA.

Monster purchased a 73,000-square-foot building at 2455 Anselmo Dr. in Corona, at the KPC Summit office park for its new headquarters. Formerly known as Hansen Natural Corp., the company is one of the area’s largest employers.

Corona, CA: West Corona Business Park Bldg Sells for $1.5M

Agrey Acquires 17,000-SF Industrial

Agrey LLC purchased the industrial building at 1678 N. Maple St. in Corona, CA for $1,506,000, or about $86 per square foot, from Aceco Properties LLC. The buyer purchased property as an owner/user, doing business as Developlus.

 

Corona, CA: VOIT REAL ESTATE SERVICES DIRECTS $24 MILLION SALE OF CLASS A INLAND EMPIRE OFFICE PROPERTY

Voit directed the sale of three office buildings totaling 282,760 square feet in the Corona Summit Corporate Center.

Voit Real Estate Services’ Irvine and Anaheim offices have successfully directed the $24 million sale of three office buildings encompassing 282,760 square feet in the Corona Summit Corporate Center, on behalf of the seller. The property is comprised of three Class A, mixed-use office buildings, located at 2375, 2390 and 2455 Anselmo Drive in Corona, Calif.

John Griffin and John Harty of Voit’s Irvine office worked with Rob Socci and Peter Castleton of Voit’s Anaheim office to represent the seller, Corona Summit LLC, in the transaction.

Corona, CA: Walker & Dunlop Closes $7.5 Million Fannie Mae Refinance Loan for Parkridge Meadows in Corona, California

Walker & Dunlop Closes $7.5 Million Fannie Mae Refinance Loan for Parkridge Meadows in Corona, California Bethesda, MD - March 6, 2012 - Walker & Dunlop, LLC announced today that it recently provided $7,500,000 in financing for Parkridge Meadows, a garden-style residential apartment community located in Corona, CA.


Parkridge Meadows is an 89-unit apartment development built in 1984, situated on over four acres. The multifamily property offers one- and two-bedroom floorplans in 12 residential buildings and one single family residence located adjacent to the apartments. Units feature ceiling fans and patios or balconies. Property amenities include an outdoor swimming pool, spa, barbeque area and a laundry facility. Parkridge Meadows was over 97 percent leased at closing.

Corona, CA: Forestar Land Partners Purchases Last Remaining Residential Master Planned Community in Corona, Calif. at Public Auction

Residential Land Investment Company Makes Strategic Acquisition of Coveted Project at Western Edge of Corona

Forestar Land Partners, a venture between the owners of Foremost Communities and an affiliate of Starwood Capital Group Global, LP, announced today it has acquired a 300-acre parcel of entitled land at the western edge of Corona at a public auction.

The 249 single-family lots will be developed as Sierra Bella, a gated community with terraced homesites featuring spectacular views across the Inland Empire to the San Bernardino Mountains 20 miles away.

Corona, CA: Smith Ave Retail Center Sells for $2.1M

Investor Acquires 31,663 SF of Corona Retail

NSHE CA Leonardo purchased the Smith Avenue Center at 508 - 514 S. Smith Ave. in Corona, CA for $2.1 million, or about $66 per square foot, from Northgate Gonzalez Markets.

Corona, CA: $1,000 Reward Offered If You Help City To The North

A band of copper thieves has caused menace in Corona, so the city is offering a $1,000 reward for info that will lead to arrests.

A $1,000 reward was posted by the city of Corona today for information leading to the arrest and conviction of individuals responsible for a spate of thefts targeting wiring for street lights.

Copper wire thieves have struck a number of times in the city over the past few years, but officials issued their first public notice about the street light activity in October.

Corona, CA: California Shul Guilt Trips Mel Gibson

A temple in Southern California asks Mel Gibson to prove he is not an Anti-Semite by donating money to their cause

Congregation Beth Shalom, located in Corona California, sent a letter to Mel Gibson asking for a large sum of money that will aid in relieving their substantial debt. They have labeled their cause SOS: Save Our Synagogue.

The temple is at risk of foreclosure, and believes that Mel Gibson could improve his reputation within the Jewish community if he donates the necessary sum of money to prevent the temple’s doors from closing down.

Corona, CA: Corona Retail Center Sells for $6M

Investors Trade 33,000 SF in Inland Empire

Dau Nguyen Long acquired the Corona Cerritos Plaza at 1525-1585 E. Ontario Ave. in Corona, CA for $6 million, or about $184 per square foot, from KMS Properties, Inc.

Corona, CA: Hanley Investment Group Sells Three Retail Centers in the Inland Empire for $8,170,000

Hanley Investment Group Real Estate Advisors, one of the most dominant retail investment groups in the western United States and a market leader in the sale of retail properties, announced today that Edward B. Hanley, William B. Asher and Patrick G. Kent sold three multi-tenant strip centers totaling 96,327 square feet in southern California for a total consideration of $8,170,026.

Situated in San Bernardino County, Citrus Foothill Retail Center is a 24,624-square-foot multi-tenant strip center located at 16119 Foothill Boulevard in Fontana, Calif. Built in 1988, the center is situated on a 3.37 acres and includes Sprint and KinderCare. The property was 96% occupied at the time of sale. The purchase price was $2,920,026. The buyer was Fontana Shopping Plaza LLC of Calabasas, Calif. The seller was Los Altos VII, L.P. of Orange County, Calif. The buyer and seller were represented by Patrick G. Kent and Edward B. Hanley of Hanley Investment Group.

Corona, CA: Corona Office Sells for $2.4M

Law Firm Purchases 13,000 SF in Corona Spectrum

CDH Investments LLC purchased the office building at 1897 California Ave. in Corona, CA for $2,440,598, or $191 per square foot, from Strata Realty. The buyer will occupy the building doing business as Southern California Dad's Law.

Corona, CA: Corona Industrial Trades for $1M

Owner/User Expanding into 10,700 SF

Curlan, Ltd. sold the industrial building at 1691 Jenks Dr. in Corona, CA for $1.03 million, or about $97 per square foot, to an owner/user doing business as Preferred Insulation Contractors, Inc. The buyer is expanding and will be moving from its current location at 1678 S. Lewis St. in Anaheim.

Corona, CA: TNT Plastic Molding Leases 116,000-SF

Company Signs 5 Year Deal in Corona

TNT Plastic Molding, a plastic injection molding services company, signed a 116,000-square-foot lease at 725 E. Harrison St. in Corona, CA, for five years. The company is relocating from Anaheim.

Corona, CA: 183,856-SF Renewal in Corona

Air Filtration Products Manufacturer Inks 2-Year Deal

CLARCOR Air Filtration Products, Inc., manufacturer of HVAC filtration products under the Airguard brand, signed a two-year renewal for 133,252 square feet at 1295 E. Ontario St., and an additional 50,604 square feet in an adjacent building at 2090 California Ave. in Corona, CA.

 

Built in 1990, the two buildings combine for a total of 183,856 square feet on 8.7 acres located at the northwest corner of California Ave. & E. Ontario Ave.