| Bakersfield Office Complex Sells for $40 Mil
A joint venture of Cardinal Equities and the David Pick Family Partnership purchased Stockdale Tower, a two-building, 275k sf office property in Bakersfield, in a transaction valued at just under $40 mil ($145/sf). The projec...
| Dekel Strategic Investors Provides $16.1 Mil for the Development of 130-Unit Senior Housing Complex in Thousand Oaks
Dekel Strategic Investors (DSI) has placed $16.1 mil in equity for the development of Sage Mountain Senior Living, a 130-unit, 58.2k sf assisted living and memory care project being developed by LA-based Willis Development in...
| Majestic Asset Management Spends $37 Mil for Largest Industrial Building in Thousand Oaks
Majestic Asset Management has purchased a 347.1k sf industrial building in Thousand Oaks in a recent $37 mil transaction that divides out to $106/sf. We’re told that the property, located at 1461 – 1475 Lawrence Dr, within t...
| Progression REI Secures $5.5 Mil in Joint Venture Equity for Port Hueneme Retail Asset
HFF has arranged $5.54 mil in joint venture equity for the acquisition of Oliveira Plaza, a 116k sf retail center in the Ventura County community of Port Hueneme. The financing was provided through an institional equity inves...
| Affordable Housing Project in San Luis Obispo Opens Fully Leased
The City of San Luis Obispo recently celebrated the grand opening of South Hills Crossing, a new affordable apartment community by ROEM Corporation in partnership with the Housing Authority of the San Luis Obispo (HASLO). So...
| Draftsmen & Craftsmen
Renovation of the Davidson Library at University of California, Santa Barbara (UCSB) has been completed. The $58.5 mil project was done by C.W. Driver Companies.
The project included the addition of a 62k sf, three-story bu...
| Rexford Industrial Realty Completes Two Acquisitions While Selling Two Other Assets
Rexford Industrial Realty recently closed on the acquisition of two assets. These transactions include picking up the remaining 85% interest in a property previously held in a joint venture for approximately $21.8 mil, and bu...
| Specialty Retail Center in Ventura County Fetches $50 Mil
Poinsettia Plaza, a 153.2k sf, specialty retail shopping center in the city of Ventura, has sold for $50 mil, or about $325/sf. We’re told this is the largest retail sale in the city of Ventura since 2003.
Located at 4220 to...
| New 118-Room Residence Inn by Marriott Breaks Ground in Goleta
R.D. Olson Development and Joseph Martelli Real Estate Investments Inc have broken ground on a 118-room Residence Inn by Marriott hotel development in Goleta. The project is located on a 3.81-acre parcel at 6350 Hollister Ave...
| LA Investor Buys 64-Unit Asset in Atascadero
A Los Angeles-based private investor paid $10.425 mil for Mira Vista Apartments, a 64-unit ($163k/unit) multifamily community in Atascadero, a CA town about 110 miles north of Santa Barbara. The property is located at 11145-1...
| Two SoCal Retail Centers Trade in Deals Totaling Over $350 Mil
Two SoCal shopping centers, in Westlake Village and San Diego, traded hands in recent sales with a combined value of over $350 mil. Savills Studley’s National Retail Services Group represented the sellers in both deals.
| Simi Valley Production/Office Complex Trades in $11 Mil Deal
A unique, state-of-the-art production and entertainment facility and Class A office complex in Simi Valley has traded hands in a recent $11 mil deal. The property, located at 101 West Cochran St, was acquired by Los Angeles-b...
| Berkeley Point Capital Arranges $20 Mil in Financing for Goleta Affordable Housing Community
Berkeley Point Capital LLC closed a $20 mil financing package using Freddie Mac’s Direct Purchase of Tax-Exempt Loans (TEL) program for the Positano Apartments, an affordable apartment community located in Goleta, CA. The fin...
| LA-Based Investor Buys Conejo Valley Strip Center for $385/sf
An LA-based private investor paid $15.26 mil for The Terrace, a two-level, 39.6k sf ($385/sf) shopping center with structured parking in the Conejo Valley city of Newbury Park. Built in 2006, the property sits on 3.62 acres a...
| Scheu Development Buys 37k sf Office Property in Westlake Village
Scheu Development has purchased a 37.1k sf, newly constructed office building in Westlake Village for $9 mil ($243/sf). The three-story building is located at 4580 East Thousand Oaks Blvd, within North Ranch Corporate Center....
| The Sleep Shoppe Wakes Up Retail Leasing Market in Ventura
The Sleep Shoppe just inked a deal for its fifth Ventura County area store after signing a $3 mil lease for a 10k sf facility on Main St in the city of Ventura. The new store includes a small warehouse and office space, with ...
| J.P. Morgan Asset Management and SARES-REGIS Group Land $130 Mil in Financing on Two Thousand Oaks Res Properties
HFF has arranged $129.78 mil in financing for two Class A apartment communities, The Knolls and Westlake Canyon, totaling 672 units in Thousand Oaks. The borrower is a joint venture between institutional investors advised by ...
| Starbucks-Anchored Center in Kern County Sells for $470/sf
Glenwood Square, a 6.8k sf, multi-tenant strip center anchored by Starbucks in Kern County, sold for $3.2 mil, representing a cap rate of 5.6% and a price of $470/sf.
The property, which is located 31 miles north-northwest ...
| Conejo Valley Retail Center Sells for $400/sf
Oak Park Plaza, a 30k sf, lifestyle center in the Conejo Valley community of Oak Park, has traded for $11.95 mil, or $398/sf. The property was purchased by Oak Park Properties LLC in an off-market transaction.
The property i...
| CBRE Arranges $22 Mil for Development of Assisted Living/Memory Care Facility in Goleta
Construction of Mariposa at Ellwood Shores, an 84-unit assisted living and memory care retirement community in Goleta, CA, can move forward, thanks to $21.9 mil in construction and permanent financing arranged by CBRE Capital...