Vernola Marketplace in Jurupa Valley has sold to new investors for $62 million.
Merlone Geier Partners sold the 201,305-square-foot property to entities connected to Christopher Lupo and Victor Zonni, according to documents provided by Vizzda, a commercial real estate data firm.
Lupo, readers might recall, is the chief executive of Parker House Furniture, which sold its Eastvale facility in July for $136.5 million to KKR & Co. in New York. Zonni is Parker House’s chief operating officer.
The marketplace sale, which closed Oct. 17, included 16 buildings on 28 acres at Vernola Marketplace, which is home to Lowe’s, Dollar Tree, Ross Dress for Less and a handful of smaller tenants.
The shopping center was named after the Vernola family, which raised alfalfa, peas, wine grapes and corn in the Mira Loma and Eastvale areas.
Cal State SB college renaming ceremony is Tuesday
A ribbon-cutting for the renamed James R. Watson and Judy Rodriguez Watson College of Education at Cal State San Bernardino is happening Tuesday, Nov. 1. at 11:30 a.m. in front of the building on the campus’ Coyote Walk.
The college is being renamed after longtime donors of the university, who’ve pledged $8.4 million. The Watson & Associates Literacy Center, which helps students in K-12 improve their reading, listening and writing skills, also is housed at the college.
James “Jim” Watson launched J.R. Watson & Associates in 1972. The commercial real estate firm based in Seal Beach has developed shopping centers, residential and master-planned mixed-use projects.
This is the second college to be named after a CSUSB supporter. In July 2016, the CSUSB College of Business was renamed the Jack H. Brown College of Business and Public Administration to honor Stater Bros.’ longtime executive and philanthropist Jack H. Brown.
Want to see a free movie? Work at the theater
Cinemark Theaters is looking to hire employees at its Inland Empire theaters ahead of the holiday moviegoing season.
The company touts perks such as free movies, flexible schedules and employee discounts
For more information on open positions, requirements and theater locations, go to careers.cinemark.com.
Electric Light Parade open for applications
The annual Santa’s Electric Light Parade in Temecula is accepting entries for participants.
The parade is returning to Old Town Temecula at 7 p.m. Friday, Dec. 2 and will travel south beginning at the intersection of Del Rio Road and Jefferson Avenue and ends at the intersection of Old Town Front Street and Santiago Road.
The city would like to see many twinkling floats pass by residents as they listen to music performed by school marching bands. Don’t forget, Santa will make an appearance, too.
For more information, go to TemeculaCA.gov/SantaParade.
Entry forms and the fee deadline are Saturday, Nov. 5. Acceptance notices will be emailed to participants the following week.
Business grants available for diverse-led companies
The nonprofit Founders First CDC has a new lineup of Job Creators Quest Grant money for minority and underrepresented business owners in the Inland Empire.
The $100,000 grant round is open for submissions and will remain open through Nov. 14.
Thirty grants will be awarded to “diverse-led” companies with a staff of two-20 employees and the ability to add one to two new jobs in the next 12 months.
To be eligible, the company’s founder must be Black, Indigenous, a person of color, LGBTQIA+, a military Veteran, a woman or located in a low to moderate-income area, and be a for-profit company with annual revenues between $100,000 to $3 million.
For more information on applying, go to foundersfirstcdc.org/socal
Dutch company joins Murrieta business incubator
The Netherlands-based startup Super Family is the first international tenant to join the Murrieta Innovation Center.
One of the business incubator’s goals is to attract international businesses to the city.
Super Family is a healthcare organization that focuses on social development, mental healthcare, educational support, development of new methods, research, primarily for children with non-visible disabilities and Developmental Language Disorder (DLD).
The MIC has myriad options for startups looking to expand business into Murrieta. Amenities include a clean room, wet and dry lab and conference space. It was funded by a $3 million grant from the U.S. Department of Commerce.
For more information on MIC, go to murrietaca.gov/215/Murrieta-Innovation-Center
LGBTQ+ apartment community coming to Palm Springs
A new LGBTQ+ retirement community developed by Living Out is opening its first development in Palm Springs next spring.
The apartment community for people 55 and older will have a full-service restaurant and bar, movie theater, art and fitness center, massage rooms, a hair salon including manicure and pedicure facilities, and a community lounge with a coffee bar, prepared food options and workspace.
The outdoor amenities will include an event lawn, barbecue and entertainment areas, a pool and jacuzzi, rose gardens and walking paths.
Fido is welcome, too. The amenities include a pet park, with areas for large and small dogs adjacent to a full-service pet facility, including a retail store, grooming facilities, pet daycare and overnight boarding.
For more information on floor plans and to reserve an apartment, go to LivingOut.com
The business briefs are compiled and edited by Business Editor Samantha Gowen. Submit items to email@example.com. High-resolution images also can be submitted. Allow at least one week for publication. Items are edited for length and clarity.