The 52-acre Marketplace Beaumont Retail Center has been sold to investors based in San Diego.
The seller was a family trust. The terms of the deal were not disclosed by JLL, which represents Solana Beach-based Brixton Capital.
The retail center, which consists of five buildings and five drive-thru pads, opened in 2008 and has had several big-name tenants, including Aldi, Ross, Best Buy, Petco and Bed Bath & Beyond. Drive-thru retailers include Starbucks and Taco Bell.
The JLL Retail Capital Markets team representing Brixton was led by Gleb Lvovich and Daniel Tyner.
“The market is the key focus in Beaumont’s rapidly growing region,” Tyner said. “The acquisition was attractive due to its strong performance and quality national tenant roster.”
“Big-box retail, with its surrounding stores and pads, has fared well through the pandemic, and we are seeing strong demand from both tenants to enjoy the strong relative yields available in the space and investors, ‘ said Lvovich. .
New merchants at Desert Hills Outlet Mall
A number of new luxury brands have joined the lineup at Desert Hills Premium Outlets in Cabzone.
The newest in the outdoor shopping mecca is Radley London, a maker of accessories and purses.
Other new traders include Gianvito Rossi, Hervé Léger, Lafayette 148 New York and Psycho Bunny. For affordable shoppers, Clare’s, a boutique for girls known for its cheap baubles, has also opened up.
Welcome Center launched at Cabzone outlets
CabZone Outlets, a neighbor of Simon-owned Desert Hills Premium Outlets, has opened a welcome center where shoppers can collect discount coupons and get travel information.
Center staff can help customers with brochures, maps, restaurant guides, hotel information, and provide information, itineraries, attraction tickets and directions.
For more information, visit cabazonoutlets.com.
The Outlet Retail Center is owned by the Craig Realty Group, which has several outlet malls in California and throughout the United States.
Job Support Available at Manifi
A temporary workforce development center has been opened in Menifi, aimed at helping residents find jobs.
The pilot program, a partnership between the city and Riverside County Workforce Development, is a first for the county. It was developed to help people who are unemployed and no longer receive supplemental jobless benefits from the state and federal governments.
The center is within K Seniseros Senior Center at 29995 Evans Road and is available by appointment only. Hours, for now, are from 1-5 a.m. on Thursday and are planned to be extended from 8 a.m. to noon on Tuesday.
Services include career coaching assistance, resume writing, job search assistance, specialized training, skills development, specialized recruiting programs and workshops for individuals.
To make an appointment, call 951-304-5468. For more information about Riverside County Workforce Development Centers, visit rivcoworkforce.com.
Funding for Technical Assistance
Also on the pandemic front, UC Riverside has been given $900,000 to help small businesses in the Inland Empire.
According to the UCR, the money from the US Economic Development Administration will be combined with $416,461 in local investments.
The university said it will use the grant to support 1,000 small businesses in the Inland Empire, 800 of which will be from traditional industries and 200 of which will be high-tech startups, focusing on minority-owned business.
According to UCR, the money will help affected businesses “create new products, increase competition, and create or maintain well-paying jobs.”
Lucky 7s for Area 2 Nonprofits
Two Inland Kingdom nonprofits have received a combined $777,000 to provide housing services to residents of the area.
Inland Empire’s Neighborhood Housing Services has received $273,122 and Neighborhood Partnership Housing Services has received $504,450 in federal grant funding from Neighborworks America.
Neighborworks is a Congress-chartered and funded non-profit organization created to help solve affordable housing issues.
“In Congress, one of my top priorities is to address the affordable housing crisis in the Inland Empire and throughout California. This funding will help homeowners and families access housing counseling and other key resources to ensure that our More families in the community can achieve and sustain the homeowner’s dream,” Rep. Pete Aguilar, who helped secure funding for the two organizations.
Aguilar is on the House Appropriations Housing and Urban Development Subcommittee.
Felicia Brown-Smith, Executive Director and CEO of NHSIE. Said the nonprofit will use the funds to support housing counseling services for community members who are experiencing housing instability “due to eviction, default, foreclosure, or loss of income.”
Grants for Nonprofits
Harrah’s Resort Southern California hosted its sixth annual “All-in 4 Change” luncheon, awarding $100,000 in grants to some of Southern California’s most deserving nonprofits. Two Inland Empires non-profits were among the award winners.
A fifth place grant of $4,000 was awarded to Mitchell’s Place Cancer Resource Center in Temecula.
An honorable mention grant for $3,000 went to the Jacobs House in Temecula.
The “All-in 4 Change” charitable program was created in 2015 to demonstrate the resort’s commitment to its community. Nonprofits from San Diego, Riverside and Orange counties were invited to apply for the program and were selected through a mix of community-run votes and a carefully selected Justice Committee.
breast cancer campaign in mall
Ontario Mills’ annual Susan G. Komen can choose to participate in the 2021 campaign.
The $10 Digital Pass will enable shoppers to receive discounts at various retailers inside the mall.
The fundraising deal is available now through October 31. Donations can be made by attending Simon Mall or through simon.com/sgkdonate.