| Presidio Residential Capital and Williams Homes Acquire Land for 33 Housing Units in Southeastern San Luis Obispo
Presidio Residential Capital and Williams Homes recently acquired property in southeastern San Luis Obispo to build the first 33 units of a 113-unit community called The Arroyos at Righetti. This new neighborhood will be par...
| Merlone Geier Partners Buys 281k sf Retail Center in Simi Valley
Mountaingate Plaza, a 281.2k sf, value-add shopping center in Simi Valley was acquired by Merlone Geier Partners. The asset, anchored by Valley Marketplace, Rite Aid, 99 Cents Only and dd’s Discounts (Ross Stores), was sold b...
| Leasing Assignment for 500k sf Oxnard Office Campus Goes to Lee & Associates
Topa has awarded the leasing assignment for The Campus at Topa Towers in Oxnard to Lee & Associates-LA North/Ventura. Lee’s David Kim, Cory Richmond and Jared Smits are handling the listing.
The Campus at Topa Towers, a 500...
| Universe Holdings, Hanover Financial and Essex Property Trust Purchase 400-Unit Apartment Property in Ventura
Universe Holdings has teamed up joint venture partner Hanover Financial LLC, along with preferred equity from Essex Property Trust, to acquire Capes at Ventura, a 400-unit, institutional quality apartment community in Ventura...
| Selleck Development Group Buys Conejo Valley Office Asset
An entity of Selleck Development Group (SDG) paid $11 mil for a two-story, 53.1k sf ($207/sf) corporate headquarters office building in Westlake Village. The building is located at 31248 Oak Crest Dr, south of the 101 Fwy and...
| MCA Realty Spends $7.5 Mil on Ventura County Office/Industrial Property
MCA Realty recently acquired a 137.5k sf, value-add industrial property in the Ventura County submarket of Moorpark said to be worth $7.5 mil, or about $55/sf.
The property is comprised of two buildings: a 45.9k sf industria...
| Dollar General Commands another 240k sf at Tejon Ranch Commerce Center
Retailer Dollar General agreed to a lease for an additional 240k sf within Tejon Ranch Commerce Center that will expand the discount retailer’s total footprint within the master-planned complex in Kern County to more than 850...
| Industrial Asset in the Conejo Valley Fetches $6.6 Mil
Rexford Industrial Realty purchased a 49.6k sf industrial property in Thousand Oaks for $6.6 mil, or $133/sf. We’re told this was among the highest prices per sf ever paid for an industrial property in the Conejo Valley.
| Lompoc Industrial Facility Sells for over $3 Mil
A two-story, 56.6k sf multi-functional industrial building in Lompoc has sold for $3.1 mil, or $55/sf. The property is located at 1641 West Central Ave in Lompoc, in an area designated for permitted commercial cannabis activi...
| Bascom Pays $75 Mil for 235 Res Units in Oxnard
The Bascom Group LLC has acquired Tempo at Riverpark Apartments, a 235-unit infill apartment property in Oxnard, for $75.25 mil ($320k/unit). The complex is located at 450 Forest Park Blvd, just east of Hwy 101.
Built in 201...
| Penwood Real Estate Investment Management Buys 347k sf Conejo Valley Facility from Majestic Asset Management
In a significant industrial sales comp out of the Conejo Valley, Penwood Real Estate Investment Management paid $44.05 mil for a 100% leased, multi-tenant 347.1k sf ($127/sf) building located in the master-planned Conejo Spec...
| Ventura Warehouse Property Acquired in $7.8 Mil Transaction
A 142.6k sf warehouse in Ventura sold for $7.8 mil, or around $55/sf. The property is located at 6205 Ventura Blvd, just east of Victoria Ave.
The property is a multi-tenant, four-building industrial warehouse distribution f...
| Felton Properties Pays $47 Mil for Office Campus in Thousand Oaks
Felton Properties paid $47 mil for The Arbors, a newly renovated, 275.5k sf, office campus in Thousand Oaks. The four-building asset is 71% occupied by three tenants including Skyworks Solutions, Frontier Communications and Z...
| Johnston Group and Majestic Asset Management Buy 94k sf Office Asset in Thousand Oaks
Westlake Gardens, a two-building, 94.2k sf office complex in Thousand Oaks, was acquired by a partnership between Johnston Group and Majestic Asset Management. The price was not disclosed.
Built in 1999, Westlake Gardens is ...
| Former Amgen Corp HQ in Thousand Oaks Trades in $23 Mil Transaction
A joint venture between Harbor Associates LLC and Blue Vista Capital Management has acquired Conejo Corporate Campus, a 198.5k sf office campus in Thousand Oaks, in a recent deal said to be worth about $23 mil. The two-buildi...
| Westlake Village Office Property Trades
TH Real Estate purchased a 132.9k sf, Class A office building in Westlake Village. The price was not disclosed. The property, located at 30700 Russell Ranch Rd, sits on an 8.72-acre site between the 101 Fwy and Thousand Oaks ...
| Davlyn Investments Picks Up 88-Unit Res Asset in Simi Valley in $24 Mil Deal
In Simi Valley, Davlyn Investments bought Colony, an 88-unit, luxury, Class A multi-family community, in a $24.25 mil ($275.5k/unit) transaction. Colony will be rebranded “1750 on First” by the new ownership.
Davlyn views th...
| Santa Barbara Multifamily Property Site Sells for Nearly $12 Mil
A one-acre land parcel in Santa Barbara, currently improved with a 48-unit multifamily property, has sold for $11.95 mil. The parcel, situated near the intersection of State St and North La Cumbre Rd, is currently occupied by...
| Oxnard Senior Living Facility Using New Financing for Renovation Work
Global Premier Development (GPD) has obtained a $12.5 mil loan secured by a 59.7k sf senior living facility in Oxnard. The building is sited on 2.36 acres of land and consists of 102 units with 128 beds.
Originally built in ...
| San Luis Obispo Res Property Refinanced with $110 Mil Fannie Mae Loan
The Reliant Group has arranged $110 mil in refinancing for the refinance of Mustang Village Apartments, a 39-building, 506-unit student housing community located in San Luis Obispo. The property, situated across the street f...