Monthly Archives May 2018

Inland real estate news: CapRock Partners goes big in Norco; AMA Plastics HQ sells for $20 million

CapRock Partners in Newport Beach has acquired roughly 23 acres that will accommodate a 425,000-square-foot industrial business park in Norco. The property, in the Inland Empire West submarket, will serve the demand for commercial delivery to Orange County and the proximate Norco and Corona communities. The acquisition price was not disclosed. CapRock Partners has been accelerating its “last-mile” logistics strategy and is developing three properties that include eight industrial buildings for a total of nearly 900,000 square feet. They include:

–Temescal Valley Commerce Center in Corona; 140,000 square feet; completion in Summer 2018; single building

–Serrano Business Park in Jurupa Valley, 327,000 square feet; completion in early 2019; three buildings

–Norco Business Park in Norco, 425,0...

Read More

Local delegates talk school security with Newport News students

NEWPORT NEWS, Va. (WVEC) — Security increased in schools, schools are seeing a lot more cameras, security guards, and new technology.

In the year 2018, letters are still classic. One-hundred-thirty Woodside High School students wrote to Delegate Mike Mullin from Newport News, and he decided to come in and talk to them.

“They felt lost. There were so many people saying that in one way or another, that I felt like we had to be here. We had to listen," said Mullin. "We had to come in and tell you that you matter, we care about you, and we’re doing everything we can, to make sure that you feel less lost.”

Delegate Cia Price joined Mullin to tour the school and talk with students.

“You have ideas, this is your time because that’s what we’re here to discuss about,” said Price.

As students came u...

Read More

Public Records for week of May 14

Cushman & Wakefield | Thalhimer reports Signature Properties Group LLC purchased the 2,880-square-foot industrial property situated on 0.44 acre at 102 N. Hope St. in Hampton from Martech Enterprises LLC for $290,000 as an investment. Clay Culbreth handled negotiations on behalf of the seller.

SALES

Riddle Associates Inc.

Brandlsmith One LLC purchased a property at 1100 Executive Blvd. in Chesapeake. Lindsey R. Elliott represented the buyer.

Coastal P & O Properties LLC purchased a property at 433 Network Station in Chesapeake. Larry Rumsey represented the buyer.

Cushman & Wakefield | Thalhimer

123 Pennsylvania LLC purchased a 3,496-square-foot industrial building at 123 Pennsylvania Ave. in Virginia Beach from Crowned Crane LLC for $330,000 as an investment...

Read More