The 39,422 square-foot Tower Plaza Commercial Center recently sold for $7 million in Yucaipa.
The property at 34590-34664 County Line Road was sold as part of a 1031 exchange, according to Progressive Real Estate Partners.
The complex, built in 1995, was fully leased at the time of the sale. The center includes three buildings with 27 businesses that range from food to healthcare, beauty and finance, office spaces and retail users.
The seller was only identified by the brokerage as the original developer of the property. The buyer, an Inland Empire-based investor, was represented by REMAX Redlands.
Progressive Real Estate Partners Senior VP of Investment Sales Greg Bedell, CCIM represented
The units, ranging in size from 240 square feet to 2,200 square feet, are efficiently designed for easy combination or demising allowing ownership to attract a wider pool of tenants.
“As a local investor, the buyer understood the Yucaipa market well and recognized that this center has long been one of the neighborhood commercial hubs serving the community,” said Greg Bedell a senior vice president at Progressive. “With the center’s limited competition, flexible space configurations and its meticulously maintained condition, the property offered a secure and strategic investment with upside potential over time.”
Office campus in Upland fetches $9 million
Stewart Plaza, a 46,527-square-foot office campus at 440 North Mountain Ave. in Upland, sold recently for $9 million.
CBRE identified the new owners as a “partnership between a local investor and a medical group acquired.”
The seller was Stewart Plaza Owner LLC, CBRE said.
The three-story office building underwent more than $1 million in renovations in two years. Those updates included a roof replacement, elevator modernization, HVAC replacements, lobby upgrades and new lobby and exterior furniture.
“This sale presented a unique opportunity to acquire a well-maintained, income-producing office building with an owner-user occupancy component in a prime medical location,” said Sammy Cemo at CBRE. “The recent capital improvements, combined with the property’s accessibility to major Southern California markets, San Antonino Regional Hospital and a dense population base, make it an attractive investment in a strong and growing submarket.”
Remote learning academy gets a refresh
Corona-Norco Unified School District celebrated the newly renovated Academy of Innovation at the Citrus Hills IntermediateSchool campus on Monday, Oct. 13.
Built by Erickson-Hall Construction Co., the academy provides remote education.
The $5.2 million renovation included installing three portable buildings on the existing site. Nine existing classrooms were upgraded, new office spaces were created, and an upgraded marquee was installed. The campus’s appearance also got a makeover of its walkways, utilities and landscaping throughout the entire site.
“By investing in modern, student-driven learning environments, we are equipping the next generation with the tools to excel and reachtheir full potential,” said Jacquelyn Roberts, construction director of Facilities.
Transportation firm expands in Ontario
HNTB Corp., a 111-year-old transportation infrastructure company based in Kansas City, Missouri, recently relocated to an expanded office in Ontario.
The new space at Empire Towers One, 3633 Inland Empire Blvd., Suite 955, includes nearly 10,000 square feet of space.
“HNTB’s commitment to Southern California, and the Inland Empire in particular, is rooted in a decades-strong history with several regional transportation agencies that are shaping the future of mobility for our communities,” said Dave Warner, HNTB Orange County/Inland Empire office leader.
HNTB clients include the California Department of Transportation District 8, San Bernardino County Transportation Authority, Riverside County Transportation Commission and Ontario International Airport.
The company said the larger space would enable it to provide “more responsive service, foster closer collaboration, and deliver innovative solutions for complex transportation challenges.
“With a stronger local presence, HNTB can more effectively respond to client needs and deliver tailored solutions that improve mobility and connectivity across the region,” said Matthew Bushman, the company’s Inland Empire leader and associate vice president.
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Karen Chapman recently joined the transportation infrastructure firm HNTB as senior group director and vice president. Chapman is based in HNTB’s Santa Ana office, where she leads teams on highway, bridge and transit projects for clients in Orange, Riverside and San Bernardino counties. (Photo courtesy of HNTB)
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Karen Chapman recently joined the transportation infrastructure firm HNTB as senior group director and vice president. Chapman is based in HNTB’s Santa Ana office, where she leads teams on highway, bridge and transit projects for clients in Orange, Riverside and San Bernardino counties. (Photo courtesy of HNTB)
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On the move
Karen Chapman recently joined HNTB as senior group director and vice president. Chapman is based in HNTB’s Santa Ana office, where she leads teams on highway, bridge and transit projects for clients in Orange, Riverside and San Bernardino counties. She brings to her role more than 30 years of experience in transformative infrastructure improvements, including leadership roles on the State Route 91 Improvements from Acacia Street to La Palma for Orange County Transportation Authority; the Cajalco Road Widening in Riverside County; and the I-15/SR-91 Express Lanes Connector for Riverside County Transportation Commission.
Gubernatorial appointments
Palm Springs resident David Huebner recently was reappointed to the California Law Revision Commission, where he has served since 2022. Huebner has been an arbitrator at JAMS and Huebner Arbitration since 2017. He also was a partner at Arnold and Porter from 2014 to 2016. The commission position requires Senate confirmation; compensation is $100 per diem. Huebner is a Democrat.
Last week’s business newsmakers
Cybertruck recall: More than 63,000 Tesla Cybertrucks are being recalled because the front lights are too bright, which could distract other drivers and risk a collision. The recall includes Cybertrucks with a model year between 2024 and 2026, made between Nov. 13, 2023, and Oct. 11, 2025, with operating software versions before 2025.38.3. (AP)
HBO price hike: The network is raising all subscription costs immediately. The platform’s monthly plans rise to $10.99 for the basic option with ads, $18.49 for standard, and $22.99 for premium. Annual plans rise to $109.99 (basic with ads), $184.99 for (standard) and $229.99 for (premium).
Farm offices reopening: The U.S. Agriculture Department reopened some 2,100 county offices nationwide despite the ongoing government shutdown. The move should help farmers and ranchers get access to $3 billion of aid from existing programs. Each Farm Service Agency office will have two workers who will be paid even though the government remains shutdown, the USDA said. The offices help farmers apply for farm loans, crop insurance, disaster aid and other programs. (AP)
The business briefs are compiled and edited by Business Editor Samantha Gowen. Submit items to sgowen@scng.com. High-resolution images can also be submitted. Allow at least one week for publication. Items are edited for length and clarity.
