| Davlyn Investments Picks Up 88-Unit Res Asset in Simi Valley in $24 Mil Deal
In Simi Valley, Davlyn Investments bought Colony, an 88-unit, luxury, Class A multi-family community, in a $24.25 mil ($275.5k/unit) transaction. Colony will be rebranded “1750 on First” by the new ownership.
Davlyn views th...
| Santa Barbara Multifamily Property Site Sells for Nearly $12 Mil
A one-acre land parcel in Santa Barbara, currently improved with a 48-unit multifamily property, has sold for $11.95 mil. The parcel, situated near the intersection of State St and North La Cumbre Rd, is currently occupied by...
| Oxnard Senior Living Facility Using New Financing for Renovation Work
Global Premier Development (GPD) has obtained a $12.5 mil loan secured by a 59.7k sf senior living facility in Oxnard. The building is sited on 2.36 acres of land and consists of 102 units with 128 beds.
Originally built in ...
| San Luis Obispo Res Property Refinanced with $110 Mil Fannie Mae Loan
The Reliant Group has arranged $110 mil in refinancing for the refinance of Mustang Village Apartments, a 39-building, 506-unit student housing community located in San Luis Obispo. The property, situated across the street f...
| Trio of SoCal 7-Eleven Sales Total Over $9 Mil
Three SoCal 7-Eleven properties have sold in separate transactions for a combined price tag of $9.13 mil. The properties are located in Los Angeles, San Diego and Bakersfield.
Hanley Investment Group Real Estate Advisors’ Je...
| Thousand Oaks Retail Property Goes for $382/sf
Inland Country Center, a 10.5k sf neighborhood retail center in Thousand Oaks, sold for $4.01 mil ($382/sf). The property, located at 3130-3188 East Thousand Oaks Blvd, was fully leased to 11 merchants at the time of the sal...
| Thousand Oaks Wells Fargo Bank Building Sells for $784/sf
A 7.4k sf retail property in Thousand Oaks fully occupied by Wells Fargo Bank sold for $5.8 mil ($784/sf). The buyer was a private investor from the San Francisco Bay Area who was completing a 1031 exchange.
Situated on just...
| It’s a Wonderful Life for Industrial Tenants in Shafter
Wonderful Real Estate has started construction on a 1 msf, spec industrial building located within Wonderful Industrial Park, a 1,625-acre, rail-served industrial development in the CA town of Shafter, about 20 miles northwes...
| Construction of Oxnard Res Development Financed with $13.5 Mil Loan
California Commercial Investment Group has obtained $13.5 mil in financing for the ground-up construction of a 72-unit apartment community in Oxnard. The money was arranged by Quantum Capital Partners.
Construction has comme...
| Grocery-Anchored Retail Center in Oxnard Sells for $24.5 Mil
Oxnard Vineyards, a 102.1k sf, grocery-anchored shopping center in Oxnard, was acquired by a private investor for $24.5 mil ($240/sf). The deal traded at a capitalization rate of 5.3%, in what we’re told is the lowest cap rat...
| Simi Valley Unified School District Spends Over $10 Mil on 120k sf Building
The Simi Valley Unified School District (SVUSD) has acquired a 120.1k sf industrial building to relocate and consolidate its administrative offices under one roof. The property, located at 101 W Cochran St, west of Madera Rd ...
| Phillips Edison Grocery Center REIT II Inc Buys Grocery-Anchored Center in Bakersfield
Phillips Edison Grocery Center REIT II Inc purchased Riverlakes Village, a 92.2k sf, grocery-anchored shopping center in the city of Bakersfield. The price was not disclosed.
The neighborhood shopping center, which was 97% l...
| Marketplace Shopping Center in Oxnard Inks Deals with Two Major Retailers
In Oxnard, there have been two recent leases with national retailers at The Marketplace shopping center. The transactions, which total about 50k sf, were with Restoration Hardware Outlet and Design within Reach Outlet
| Donahue Schriber Spends $43.5 Mil on San Luis Obispo Retail Center
Donahue Schriber has acquired Marigold Center, a 174.4k sf, grocery-anchored shopping center in the CA central coast community of San Luis Obispo, for $43.55 mil, or $250/sf. It was sold by Kimco Realty Corp.
Anchored by V...
| Lompoc Retail Center Trades for $19 Mil
Central Towne Square, a 96.7k sf, grocery-anchored community center in the coastal Santa Barbara County community of Lompoc, was purchased by a high net worth individual for $19.04 mil ($197/sf). It was sold by LA-based Jade ...
| Patagonia Works Buys 68k sf Industrial Asset in Ventura
Patagonia Works, the holding company for Patagonia Inc, purchased a 68k sf industrial property in the city of Ventura. The price was not disclosed.
The property, located at 5301 North Ventura Ave, sits on 7.87 acres of land...
| Decron Properties and Sequoia Trade Multifamily Assets in $193 Mil Transaction
In an unusual institutional-quality multifamily investment deal, Decron Properties has traded a 264-unit property in Sacramento and cash to Sequoia in a direct exchange for a two-property 504-unit apartment portfolio in Simi ...
| Cypress West Partners Buys 55k sf Medical Office Property in Bakersfield
Cypress West Partners has acquired Riverwalk Medical Plaza, a 54.9k sf, campus-adjacent medical office building in Bakersfield. The Southern California-based healthcare investment, leasing and property management firm acquire...
| Dynamic Development Lands $25 Mil in Construction Money for Santa Maria Res Project
Dynamic Development Company has landed a $25.3 mil loan to start ground-up construction of the Refugio Townhome Apartments, a 125-unit residential project in Santa Maria. The loan was provided by Canyon Partners Real Estate L...
| Gelt Inc Forms New Mobile Home Venture
Gelt Inc has formed a new business venture, Happy Home Communities (HHC), which will focus exclusively on the acquisition and management of mobile home and RV resorts throughout the Western United States. HHC will be led by E...