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Shopoff Realty Investments Secures $105 Million Construction Loan for 1 8 Million-Square-Foot Logistics Center in Riverside County

Share this article Share this article IRVINE, Calif., April 5, 2021 /PRNewswire/  Shopoff Realty Investments ( Shopoff ), a national manager of opportunistic and value-add real estate investments, announced today that the company has secured a $105 million construction loan from Bank OZK for its I-10 Logistics Center project, located near the  I-10 freeway and Cherry Valley Boulevard interchange. The project is a joint venture partnership between Shopoff Realty Investments and Artemis Real Estate Partners. This project represents one of the few opportunities to develop much-needed logistics product in Southern California, explained Shopoff Realty Investments President and Chief Executive Officer William Shopoff. We believe this state-of-the-art logistics center with I-10 freeway access will be in high demand as users continue to require large buildings to meet demand.

Shopoff Realty Investments Donates 123 Acres in Cherry Valley For New Public Park & Open Space

Shopoff Realty Investments Donates 123 Acres in Cherry Valley For New Public Park & Open Space News provided by Share this article Share this article CHERRY VALLEY, Calif., Jan. 11, 2021 /PRNewswire/  Shopoff Realty Investments ( Shopoff ), a national manager of opportunistic and value-added real estate investments, announced today that its affiliate, TSG Cherry Valley, L.P., has donated 123 acres to the Beaumont-Cherry Valley Recreation & Park District s foundation for a future park and open space. The land located on Cherry Valley Boulevard will be transformed in the future by the Beaumont-Cherry Valley Recreation & Park District into a sports park with baseball fields, open space, trails and other recreational areas for public use.  

Mail Thief Caught Red Handed And Chased Down

Juan Torres Tuolumne, CA – Noticing another motorist stopping at mailboxes in the Tuolumne area a passerby decided to follow the driver while calling 911. Deputies were dispatched to Cherry Valley Boulevard and found the alleged thief had crashed his vehicle. Sheriff’s officials say 37-year-old Juan Carlos Torres of Merced lost control of the vehicle while speeding and went off the roadway into a field, suffering minor injuries in the collision. A search of the vehicle turned up numerous pieces of mail, burglary tools, and drug paraphernalia. Torres was arrested without incident. While at the jail,  two baggies of methamphetamine totaling over 2.5 grams and a methamphetamine smoking pipe were found on him after a body search, according to sheriff’s officials.

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