| Majestic Asset Management Buys Goleta Office Campus
Majestic Asset Management has acquired a 175.2k sf, office campus in Goleta in an off-market transaction. The asset was purchased all-cash with an escrow of approximately two weeks. The closing price was not disclosed.
| NoCal Investor Spends $22 Mil on Bakersfield Multifamily Property
Pine Brook Apartments, a 240-unit apartment community in Bakersfield, was purchased by a NoCal-based private capital investor for $22 mil, or $92k/unit. Built in 1971, Pine Brook Apartments sits on just over nine acres at 500...
| LifeStance Health Inks Nine Leases in the L.A. Area Deals total over 44k sf
LifeStance Health Inc, a national outpatient behavioral health clinic, has signed eight new office leases and one expansion across the Greater Los Angeles area in the past year. The deals total 44.5k sf of space.
The leases ...
| Pacific Heritage Communities Locks Up $54 Mil in Permanent Financing on New Ventura Res Community
Pacific Heritage Communities has secured a $54 mil permanent loan on Parklands Apartments, a newly completed 173- unit multifamily community in the city of Ventura.
Located at 10940 Bajo Rd, at Telegraph Rd, a few blocks fro...
| Jinushi USA Inc Buys 62k sf Lompoc Property from MAG Capital Partners
Jinushi USA Inc bought a 62.5k sf retail property in the SoCal city of Lompoc. Jinushi is a real estate investment trust listed on the Tokyo Stock Exchange as Nippon Commercial Development Co Ltd.
The property, located at 16...
| Volkswagen’s Oxnard Engineering Campus is Completed
Development of Oxnard Engineering Campus (OEC), a 150k sf campus on nine acres of land in Oxnard that is fully occupied by Volkswagen Group of America Inc (VWGoA), has been completed. The project was developed by BLT Enterpri...
| Industrial Building in Goleta Biz Campus Picked Up by Private Investor
A private investor purchased an 11.2k sf industrial building on a 1.02-acre parcel in Goleta in an off-market transaction. The price was not disclosed.
The facility, located at 5511 Ekwill St, off of Ward Dr, is the second ...
| JB Matteson Obtains $51.5 Mil Refi on Ventura Res Community
San Mateo-based JB Matteson Inc has secured $51.5 mil in permanent debt to refinance Vanoni Ranch Apartments, a 316-unit, garden-style apartment and townhome community located in Ventura.
The apartment community features sid...
| SoCal Value-Add Multifamily Portfolio Hits the Market
We’ve just learned about a significant SoCal multifamily listing to hit the market. It’s for the LAVVA Portfolio, or “Los Angeles & Ventura Value Add” Portfolio. The listing consists of five properties totaling 551 units in ...
| Oxnard Industrial Property Picked Up for $5.87 Mil by an Exchange Investor
In an Oxnard industrial buy, a 1031 exchange investor paid $5.87 mil for a 40.2k sf ($146/sf) asset fully occupied by WestRock, an American corrugated packaging company. The property sits on 3.66 acres of Heavy Industrial Zon...
| Westlake Storage Solutions Leases 53k sf Facility in Thousand Oaks
Westlake Storage Solutions will be relocating its operations from Westlake Village to neighboring Thousand Oaks. The firm, a self-storage and moving facility, just signed a 10-year lease for a 52.8k sf facility at 1467 Lawren...
| B. Riley Financial Leases 18k sf of Office Space in Westlake Village
B. Riley Financial signed a 10-year lease for 18k sf of office space in Westlake Village. The deal is at 30870 Russell Ranch Rd, a Class A building on the north side of the 101 Fwy just east of Lindero Canyon Rd. It is owned ...
| 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 SoCal’s 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 we’re 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.