| Premier Workspaces and Majestic Asset Management to Jointly Open a Flexible Workspace in Westlake Village
Premier Workspaces and Majestic Asset Management Inc have teamed up to open Majestic Workspaces, a 13.7k sf flexible workspace located at 2829 Townsgate Rd in Westlake Village. This will be the first Majestic Workspaces power...
| Omninet Capital Closes $55 Mil Office Buy in the Conejo Valley
Omninet Capital and Topa Equities traded a 256.6k sf office portfolio in SoCalís Conejo Valley in a recent $55 mil ($214/sf) transaction. Omninet was the buyer in the deal, which consisted of a two-building, 195.9k sf office ...
| Ventura Office Building Trades in $4.25 Mil Investment Buy
Victoria Office Plaza, a 30.6k sf office building in the city of Ventura, was purchased for $4.25 mil ($139/sf) by Montalvo, Center LLC. The highly visible building is located at 1280 S. Victoria Ave, within walking distance ...
| Multifamily Community in Ventura County Goes for $92 Mil
The Artisan at East Village, a 272-unit garden-style multifamily property in Oxnard, sold for $92.25 mil ($339k/unit). Located at 2060 Zocolo St, the property is South of Hwy 101 and east of Rose Ave, off Gonzales Rd in Ventu...
| Westlake Village Multifamily Property Trades at Over $500k/Unit
The Verona, a 16-unit multifamily property in Westlake Village, sold for $8.15 mil, which works out to $509.4k/unit. The property is located at 3200-3240 Foothill Dr, south of the 101 Fwy off Hampshire Rd.
The three-story pr...
| The Latigo Group Obtains $59 Mil in Construction Money for 142-Unit Res Development in Thousand Oaks
The Latigo Group has secured $59 mil in construction financing for the development of a 142-unit, Class A residential project in Thousand Oaks, in what weíre told is the first significant multifamily project to be developed i...
| Camarillo Strip Center Fetches $600/sf
A private investor paid $4.8 mil for an 8k sf ($600/sf) strip center in Camarillo. The center is located at 415 W. Ventura Blvd, adjacent to the 101 Fwy between Springville Dr and Las Posas Rd.
Built in 2020, the center is a...
| Investor Spends Over $2 Mil on Ventura Office Asset
A 15.8k sf office building in Ventura sold for $2.09 mil, or $132/sf. The building is located at 877 S. Victoria Ave, next to the Ventura County Government Center, with convenient access to the 101 Fwy and Hwy 126.
| PBS Biotech Inks Sublease in the Conejo Valley
In a recent leasing transaction out of the Conejo Valley, PBS Biotech inked a long-term sublease for a 63.8k sf freestanding industrial facility in Camarillo. The sublessor is Microsemi Communications LLC.
The property is lo...
| Thousand Oaks Industrial Building Acquired for $8 Mil
A 65.3k sf, industrial building in Thousand Oaks sold for $8.1 mil ($124/sf). It was acquired by an undisclosed private buyer who plans to redevelop the asset to house biotechnology labs to accommodate the rising number of in...
| Former Chase Bank Building in Thousand Oaks Leased for Conversion into Healthcare Facility
Agora Realty and Management Inc has signed a major university tenant to a 16.2k sf, former Chase Bank bulding they own in Thousand Oaks. Located at 248 Hampshire Rd, the building was purchased by Agora Realty in 2019.
| Multi-Tenant Retail Property in Ventura Sells for $822/sf
A 9k sf, multi-tenant retail pad building anchored by a Starbucks Drive-Thru and Jersey Mikeís Subs adjacent to Ventura College in Ventura sold for $7.4 mil, or $822/sf. The buyer was a private investor from Tarzana.
| Ventura County Retail Center Traded in $20 Mil Transaction
Chesser Group Inc paid $20 mil for The Village at Moorpark, a 129.4k sf ($155/sf) community shopping center. The property, located at 706 West Los Angeles Ave in the Ventura County city of Moorpark, was sold by London Reo Ret...
| Rexford Industrial Realty Enjoys Barefoot Dreams in Thousand Oaks
Barefoot Dreams, a lifestyle brand specializing in home, baby, youth, adult apparel and pet products exclusively licensed with The Walt Disney Co, has signed a lease for 50.7k sf of space at Conejo Spectrum in Thousand Oaks.
| 734k sf of Camarillo Industrial Space Goes for $88 Mil
Two free-standing industrial buildings totaling 733.8k sf of space in Camarillo sold for a combined price of $88 mil ($120/sf). The facilities were sold by STAG Industrial Inc, who acquired them in 2014 for $54.5 mil.
| Oxnard Industrial Facility Sold in $4.3 Mil Deal
A 26.6k sf manufacturing facility in Oxnard sold for $4.3 mil, or $162/sf. The building is located at 2400 Sturgis Rd, within the Ventura Countyís West submarket.
Built in 2004, the free standing single-story manufacturing b...
| Younan Properties Buys 212k sf Conejo Valley Office Campus
In a recent office buy out of SoCalís Conejo Valley, Younan Properties Inc purchased Westlake Oaks Campus, a two-building, 212k sf corporate campus in Westlake Village. The price was not disclosed.
The buildings are at 120 V...
| Local Investor Pays $26 Mil for 151k sf Bakersfield Office Asset
Cal Twin Towers, a 151.8k sf office complex at 4900 California Ave in Bakersfield, was acquired by Steve Blumer, a local investor, in a deal worth $26 mil ($171/sf). The property was sold by Adler Realty Investments Inc, out ...
| Commercial Real Estate Financing Briefs
MERIDIAN CAPITAL GROUP - Seth Grossman, Sarah Kuebler and Eric Schleif with Meridian Capital Group arranged $45 mil in financing for McCarthy Ranch Marketplace, a 266k sf retail property in Milpitas. Located at 15-251 Ranch D...
| Goleta Office Campus Trades in $35 Mil Deal
An affiliate of Montana Avenue Capital Partners, LLC (MAC) purchased Castilian Technical Center, a three-building, 165.5k sf campus at 50, 70, and 90 Castilian Drive in Goleta, for $35.7 mil ($216/sf).
The property covers a...