| Snyder-Diamond Corporation Leases 76k sf Simi Valley Facility
Snyder-Diamond Corporation, a distributor of kitchen appliances and bathroom fixtures, inked a 10-year, $13.9 mil lease for a 76k sf ($1.52/sf/mo) industrial building in Simi Valley. The property, located at 2390 Ward Ave, in...
| SoCal Office Markets Seeing Flight to Low-Mid-Rise Buildings
This report provided by NAI Capital Commercial
As tenants renewing leases question what type of space and how much they’ll truly need, a flight to low-mid-rise office building space is playing out in Southern California mark...
| Pismo Beach Hotel Property Lands $30 Mil Refi
Inn at the Pier, a 104-room, full-service, luxury boutique hotel located one-half block from the Pacific Ocean in Pismo Beach, was refinanced by its private investor owner with a new long-term loan for $30 mil. The non-recour...
| The Vernon Group to Start Work on 167-Unit Res Project in Santa Maria
The Vernon Group has secured $34.8 mil in financing for the construction of the 167-unit Elements Apartments in Santa Maria, CA. The loan was provided by Thorofare Capital Inc.
Elements boasts a transit-oriented location, wi...
| Majestic Asset Management Closes $50 Mil Industrial Campus Buy in Goleta
Majestic Asset Management purchased a six-building, 194.6k sf industrial / R&D campus on 11.9 acres in Goleta for $50.7 mil ($260.50/sf) in in an off-market transaction. The asset was part of a portfolio of commercial propert...
| Amazon-Occupied Facility in Ventura County Sells for $50 Mil
A 202.4k sf distribution center in the city of Moorpark , sold for $50.7 mil, or $250/sf. The facility, located at 6000 Condor Dr, is 100% leased to Amazon.
The distribution center, situated in proximity to U.S. Route 101 an...
| Aquastar Pool Products Inc Buys 83k sf Industrial Facility in Ventura
Aquastar Pool Products Inc acquired an 83.4k sf industrial building in Ventura for $11.05 mil, or $132 per square foot. The property, located at 4544 McGrath St, was sold by Pacific Prime Properties.
The property was built i...
| Dedeaux Properties Acquires 12 Acres within Tejon Ranch Commerce Center
Dedeaux Properties has acquired a 12-acre land parcel entitled for up to 250k sf of industrial development within the Tejon Ranch Commerce Center (TRCC) in Kern County’s Tejon Ranch, approximately 75 miles north of Downtown L...
| Ventura Office Campus Trades for $24.3 Mil
Buenaventura Financial Center, a four-building, 162.7k sf garden-style office campus in Ventura, was purchased by a Los Angeles-based private investor for $24.3 mil ($149/sf). The property sits on 7.7 acres at 255, 260, 290 a...
| CGI+ Real Estate Strategies Wraps Up $50 Mil Multifamily Buy in Oxnard
CGI+ Real Estate Strategies acquired Alturas, a 170-unit multifamily community located in Oxnard, for $50.7 mil ($298k/unit) in an off-market transaction. The deal represents CGI’s second suburban purchase in the last 11 mont...
| Stream Realty Partners and QuadReal Property Group Break Ground on 344k sf Simi Valley Industrial Project
Stream Realty Partners and joint-venture partner QuadReal Property Group have broken ground on Tapo Canyon Commerce Center, a five-building, 344k sf Class A industrial complex located at 1800 Tapo Canyon Dr in Simi Valley.
| Two Oxnard Industrial Properties Trade in Deals Worth Over $15 Mil
Two industrial buildings totaling 108.6k sf in Oxnard sold in separate transactions for a combined price of $15.7 mil. Both buildings are in key warehouse/distribution West Ventura County locations.
In one of the deals, RKN ...
| Commercial Financing Briefs
CBRE - Bill Chiles, Scott Peterson and Morgon Fraser of CBRE’s debt and structured finance arranged a $47.6 mil loan for the construction of Geo Queen Anne, a 168-unit multifamily community in Seattle, on behalf of the owner ...
| Apartment Property in CA’s Kern County Sells for $68k per Unit
Desert Oasis Community, a 190-unit multifamily property in California’s Kern County, was acquired for $13 mil ($68.4k/unit) by Pro Residential Services Inc. The property is located at 238 N Gold Canyon St in Ridgecrest, a SoC...
| Kennedy Wilson to Master Develop Mixed-Unit Community in Partnership with California State University Channel Islands
Kennedy Wilson has inked a long-term ground lease for a 32-acre parcel in Camarillo, owned by California State University Channel Islands (CSUCI), and unveiled plans for a new, 589-unit mixed-residential community.
| Agoura Hills Office Asset Trades for $18.5 Mil
Platinum Court, a 100k sf, two-building suburban office center located in Agoura Hills, sold for $18.5 mil, which equates to $185/sf. Located 35 miles northwest of Downtown Los Angeles, Platinum Court benefits from easy acces...
| The Platform in Santa Barbara Sells for $420/sf
The Platform, a 33.1k sf, multi-tenant office and industrial project in Santa Barbara, traded for $13.9 mil, or $420/sf. The property is located at 126 East Haley St and 417 Santa Barbara St, a few blocks from State St and th...
| Foley Entertainment Group is Welcomed to the Hotel Californian
Foley Entertainment Group has purchased the Hotel Californian, a 121-room hotel property in Santa Barbara, just a block from the waterfront. The hotel, which includes 21k sf of retail and restaurant space, occupies three corn...
| New San Luis Obispo Res Community Purchased by IDEAL Capital Group for $51 Mil
Vintage at SLO, a 105-unit multifamily community in San Luis Obispo, was acquired by CA-based real estate investment firm IDEAL Capital Group for $51 mil, or $485.7k/unit. The property was sold by a joint venture between Caps...
| Amstar and Searles Property Group Spend $80 Mil on Conejo Valley Office Complex
Amstar and Searles Property Group teamed up in the purchase of Westlake Park Place, a five-building, 239k sf office campus in Westlake Village, for $80.8 mil ($338/sf).
Delivered in 2008, Westlake Park Place is among the ne...