Rivian Leases 49K SF Inland Empire Facility: The Los Angeles Deal Sheet
Electric car manufacturer Rivian signed a full-building lease for a 49K SF light manufacturing facility in Perris in the Inland Empire. The lease was described as long-term in a release from the landlord, Dedeaux, but the exact term wasn’t disclosed.
The space at 18631 Seaton Ave. will be used for sales, service and maintenance.
A Colliers team led by Mark Zorn, Cory Whitman and Nico Coppola represented Dedeaux.
The property is part of a logistics campus developed by Dedeaux consisting of two identical buildings. The other building is fully occupied by Ryder Logistics. The site collectively offers more than 300K SF of industrial outdoor storage.
PEOPLE
CBRE promoted Justin Schultz to vice chair. Schultz leads an advisory services team working with global organizations. He has more than 25 years of commercial real estate experience.
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Cushman & Wakefield hired Chris Maling as executive director of capital markets investment sales. Maling will be based in the Los Angeles area.
Maling will lead a team focusing on retail assets, including shopping centers and single‑tenant net-lease properties in Southern California and across the U.S. He joins Cushman from Avison Young. Over the last few years, the Maling team has closed more than $3B in transactions.
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JLL Capital Markets promoted Jack Wood to director in its San Diego office. Wood has been at the firm for five years, working on assignments involving debt and equity placement and investment sales transactions.
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Logos Faith Development has added Bishop Kevin Mannoia as a senior adviser who will focus on partner acquisition and investor relations.
“Bishop Mannoia's role is to help the team stay focused on our purpose and mission empowering churches through real estate development,” Logos Faith Development CEO Pastor Martin Porter said in a statement.
“A big part of fulfilling our purpose is maximizing our impact by developing strategic relationships on both the supply and demand side — churches and faith-based investors and lenders to collaborate with.”
SALES
Dunleer acquired a 34K SF Class-A industrial building at 7502-7536 Tyrone Ave. in Van Nuys.
Dunleer paid $10.6M, or $307 per SF, for the asset in an off-market transaction. Built in 2009, the property is 100% occupied and contains eight units. All units have 20-foot clear heights, fire sprinklers, loading doors, reserved and gated parking, air conditioning, office space and bathrooms.
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Economos DeWolf closed the off-market sale of a 23K SF medical office building at 5 Journey in Aliso Viejo for $10.25M to an unnamed local family office. Economos DeWolf represented the undisclosed seller.
LEASES
Premier Workspaces opened a new 17K SF coworking and executive office location at 12544 High Bluff Drive, a Class-A office building in San Diego. The new location has 82 private offices, including a mix of interior and window suites.
CONSTRUCTION AND DEVELOPMENT
Good & Roberts, an affiliate of C.W. Driver Cos., topped out on the Illinois Street Apartments, a $20.5M multifamily project in San Diego. Topping out refers to the end of structural construction on a project.
The 56K SF development is being constructed for Falcon Co. LLC. The five-story apartment building will bring 65 units to the neighborhood. The project also includes 450 SF of street-level retail space and a car stacker parking system.
FINANCING
Walker & Dunlop has arranged a $14.5M loan to refinance Ruth Teague Homes at 6706 S. Main St. in Los Angeles.
The Walker & Dunlop affordable production team led by Jeff Kearns arranged the 16-year, fixed-rate loan, with three years of interest-only financing, provided by Freddie Mac.
The loan sponsor is CRCD Partners LLC, the administrative general partner of the ownership entity. CRCD Partners also developed the project, which was completed in 2024 using 9% low-income housing tax credits.
