July 22, 2020
Irvine-CA-based Shopoff Realty Investments received a court approval to move forward on its 244-acre San Gorgonio Crossing industrial project in Riverside County’s Cherry Valley. Shopoff secured entitlements allowing for a 1.8-million-square-foot logistics center that is near the Interstate 10.
Shopoff Realty Investments’ William Shopoff says, “After receiving project approvals in October 2017, we are pleased to finally be able to move this fantastic project forward, helping to fill a void in this marketplace for large distribution warehouse buildings. As the shift to online retail continues, further strengthened by the recent stay-at-home orders, the need for large scale warehouse buildings will only continue to grow across Southern California in the coming years.”
The company also added William (Bill) R. Smith as SVP of design and construction. Smith’s primary role will be to lead the design and construction of the Dream Hotel, a luxury 450-room hotel and casino on the Las Vegas Strip that is a joint development project with Contour Realty, Inc. Smith most recently served as SVP of global construction at Las Vegas Sands where he was responsible for managing construction projects globally valued at approximately $6 billion.
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