| Walker & Dunlop Closes $77 Mil in Financing on Three SoCal Condo Properties
Walker & Dunlop Inc recently closed three financing transactions totaling $77.15 mil for three condominium developments in Southern California. The loans were on the following properties: Element 436, located in LA’s Koreatow...
| Tight Simi Valley Industrial Market Leads to Expansion of an Existing 200k sf Facility
Topaz Distribution is in the process of expanding an existing 200k sf facility it owns in Simi Valley by an additional 40.3k sf. Work is underway and the walls have just been tilted on the building addition, located at 2280 W...
| Decron Properties Corp Adds 391 Res Units in Thousand Oaks to Its Portfolio
Decron Properties Corp has acquired a 391-unit multifamily apartment portfolio in Thousand Oaks for $126.5 mil, or $324k/unit. The portfolio consists of the 249-unit Los Robles Apartments and the 142-unit Marlow Apartments, w...
| Santa Barbara Retail Asset Fetches $331/sf
Hollywood Western Holding Co LLC purchased Saks Off 5th Avenue, a 46.8k sf retail building in downtown Santa Barbara, for $15.5 mil ($331/sf). The asset, located at 1001 State St, was sold by State Street Properties LLC.
| Natural Aged Flooring Sells in Simi Valley and Buys Larger in Moorpark
In a pair of transactions worth a combined $11.9 mil, flooring manufacturer and distributor Naturally Aged Flooring has purchased a larger industrial facility in Moorpark, while selling a smaller property in Simi Valley, in o...
| Westar Associates Lands New $6.8 Mil Loan on Santa Maria Self-Storage Property
Westar Associates has refinanced Crossroads Self-Storage, a 751-unit self-storage facility in Santa Maria, with a new $6.8 mil loan. The property offers 36 different unit sizes ranging from 25 sf to 600 sf.
| Conejo Valley Unified School District Acquires Two Newbury Park Properties for $6.3 Mil
The Conejo Valley Unified School District has acquired two industrial properties in the Ventura County submarket of Newbury Park for $6.3 mil. The buildings are located at 750 Mitchell Road and 667 Rancho Conejo.
| Securitas Secuirty Services Recasts Its Westlake Village Office Lease in $25 Mil Deal
In recent office leasing news out of the Conejo Valley, Securitas Security Services USA Inc recast the term of its lease for 12 years at Westlake Spectrum in Westlake Village. The firm occupies 72.6k sf in the 107.4k sf, two-...
| Investor Pays Near $16 Mil for Simi Valley Retail Center
Woodlands Plaza, a 61.4k sf shopping center in Simi Valley, sold for $15.9 mil, or $259/sf. The asset is located at 530-660 East Los Angeles Ave, south of the 118 Fwy and east of Madera Rd.
Alex Kozakov, Patrick Wade and Max...
| Bakersfield Jack in the Box Sells at 3.99% Cap Rate
A private investor from Cypress, CA paid $1.85 mil for a 3.7k sf ($500/sf), single-tenant property that is absolute NNN-leased to a corporate Jack in the Box in Bakersfield. The seller was a Newport Beach-based private invest...
| Oxnard Retail Center Traded in $8 Mil Transaction
Lemon Grove Plaza, a 99.9k sf shopping center located in Oxnard was sold in a transaction valued at $8.1 mil, or $81/sf. The shopping center is situated on 9.7 acres at 2001-2091 Oxnard Blvd, on the corner of Oxnard Blvd and ...
| New Hotel to Get Underway in Buellton Thanks to $14 Mil Construction Loan
Lowe Enterprises Investors (“LEI”), acting on behalf of an investment client, has made a $13.99 mil loan to Ocean Park Hotels-BLT LLC to fund the construction of a Hampton Inn and Suites in the SoCal town of Buellton.
| Martin Properties Buys 111k sf Thousand Oaks Industrial Property and then Leases It to Easton Baseball
Martin Properties Inc acquired a 111.7k sf industrial property in Thousand Oaks and then turned around and leased the facility to Easton Baseball/Softball, a Performance Sports Group Ltd. Martin bought the building, located a...
| Simi Valley Industrial Facility Trades for $124/sf
In a recent Simi Valley industrial sales comp, a 31.6k sf light industrial / manufacturing facility sold for $3.9 mil, or $124/sf. Located at 3990 Royal Ave, south of Los Angeles Ave and the 118 Fwy, the property was 100% lea...
| Single-Tenant Asset in Lamont, CA Sells for $400/sf
A private investor paid $6.93 mil for 17.3k sf ($400/sf), single-tenant property occupied by Rite Aid in the CA community of Lamont. The town has a population of about 15,000 people and is situated 13 miles southeast of Baker...
| Thousand Oaks Office Building Trades for $19 Mil
A 106.6k sf, single-tenant office building leased to Anthem Blue Cross of California in Thousand Oaks was acquired by a private Asian investor advised by Ocean West Capital Partners for $19.1 mil ($179/sf). Anthem has occupie...
| Red Mountain Signs Three to Retail Development Project in Oxnard
Three retail leases have been signed at a 137.2k sf retail development site in Oxnard. The property, a vacated Kmart box, is located at the corner of Ventura Rd and Channel Islands Blvd.
LA Fitness, Smart & Final and Star Wo...
| Conejo Valley Orchard Supply Hardware Location Trades for Record Price
St. Paul, Minnesota-based Oppidan Investment Company has paid $16.75 mil for a 43.1k sf ($389/sf) Orchard Supply Hardware (OSH) location in Thousand Oaks, in a transaction we’re told ranks as the highest price ever paid on a ...
| Thousand Oaks Retail Center Undergoing a Major Renovation
Oakbrook Shopping Center is moving forward with a façade renovation as part of a multimillion dollar revitalization of the 34-year-old, 89k sf grocery-anchored center. Improvements at the center, located on the corner of Erbe...
| Oxnard Live/Work Complex Sells for Just Under $3 Mil
Oxnard Art Lofts, a 25.6k sf, live / work complex located in Oxnard, recently traded hands at a price of $2.95 mil. Zoned for industrial manufacturing and professional office space uses, Oxnard Art Lofts was designed to have...