| 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...
| Champion Real Estate Closes $55 Mil, 164-Unit Oxnard Apartment Buy
Champion Real Estate has acquired The Vines, a Class A, 164-unit multifamily property in Oxnard, for $55.5 mil ($339k/unit). The asset is part of RiverPark, a master-planned community located at 3040 N. Oxnard Blvd, on the no...
| Chinese Pharmaceutical Manufacturer Buys Thousand Oaks Facility
An 88.1k sf flex/industrial building in Thousand Oaks has been purchased by Herri Holdings Corporation, a China-based pharmaceutical manufacturer, in a transaction valued at $9.89 mil ($112/sf). The building, located at 2300 ...
| Draftsmen & Craftsmen
Kern County has selected Balfour Beatty Construction to design and construct a new $100.5 mil addition to the Kern County Justice Facility located in Bakersfield. The 215k sf facility is expected to create 350 to 400 jobs for...
| Development of 1 msf, Ind Build-to-Suit Facility Completed in Shafter, CA
Roll Real Estate Development LLC has completed development of a 1 msf build-to-suit industrial facility for American Tire Distributors Inc. The Paramount Logistics Park location is a 1,625-acre, rail-served industrial develop...
| Private Investors Spend $27 Mil in Two SoCal Shopping Center Buys
Two SoCal shopping centers traded hands in separate transactions that totaled nearly $27 mil. The properties, Vineyard Plaza in Oxnard and Palmdale Promenade in Palmdale, demonstrate investors' continued appetite for well-loc...
| Sustainable Workforce Housing Project Started in San Luis Obispo
ROEM Corporation and HASLO (Housing Authority of San Luis Obispo) have just broken ground on South Street Family Apartments, a sustainable apartment community for workforce families in the city of San Luis Obispo. The project...
| Santa Maria Res PropertyTrades in Recent Investment Buy
Carmen Apartments, a 128-unit apartment complex in Santa Maria, sold for $15.65 mil ($122.3k/unit) in a recent investment buy. The garden-style apartment complex is located at 201 Carmen Lane, west of Broadway and north of Be...
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| Pacific Beverage Acquires Seven Acres in Goleta for Development of a New, 100k sf Distribution Center
Pacific Beverage recently paid $10.6 mil for seven acres of land at Cabrillo Business Park in Santa Barbara County on which the company is planning to build a 102k sf regional distribution center. The company distributes pre...
| Santa Barbara Retail Center Fetches $649/sf
An LA-based real estate investment entity paid $12.2 mil for Carrillo Plaza, an 18.8k sf ($649/sf), urban shopping center in downtown Santa Barbara. The property, located at 210 W. Carrillo Blvd, was sold by locally based Car...
| Camarillo Retail Asset Sells for $550/sf
The Shops at Camarillo Town Center, an 8k sf retail center in the Ventura County city of Camarillo, sold for $4.4 mil ($550/sf). Built in 2002, the property is located at 415 W. Ventura Blvd, at the southwest corner of the 10...
| Majestic Asset Management-Led Venture Pays $13 Mil for Thousand Oaks Biz Park
Townsgate Business Center, a 73.9k sf business park in Thousand Oaks, sold for $13 mil, or about $176/sf. It was purchased by Majestic Asset Management, Inc. and JS/JS Properties, Inc. The asset is situated on five acres at 2...
| Local Citrus Brokerage Outfit Buys Final Two Units at Bakersfield Medical/Office Project
The Reeds purchased the last two remaining units at the Meridian Professional Center, a 63.8k sf, medical/office complex in Bakersfield. The 11-building project was developed and sold by Meridian Property Company.