| 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...
| Westcore Nabs 117k sf Warehouse Building in Camarillo
Westcore has acquired a 117.3k sf warehouse building in Camarillo for $20 mil ($170/sf). The property, located at 201 Flynn Rd, was sold by SoCal-based Decker-Goetsch Properties.
The highly functional industrial building, w...
| Fresh Patch Gets a Fresh Distribution Facility in Oxnard
Fresh Patch purchased a 14.2k sf industrial building in Oxnard for $2.675 mil, or $188/sf. Fresh Patch, a manufacturer and distributor of one-of-a-kind pet products, including dirt-free real grass patches, was looking to expa...
| Stos Partners Buys Simi Valley Industrial Property
Stos Partners purchased a 125k sf, multi-tenant industrial property in Simi Valley for $20 mil ($160/sf) in an off-market transaction. The property, located at 2320-2380 Shasta Way, is 94% leased to a diverse base of several ...
| Meissner Filtration Products Buys 30k sf Ventura County Facility
Meissner Filtration Products Inc purchased a recently vacated, 30.9k sf office/flex building in Camarillo for $4.925 mil ($159/sf). The property is located at at 975 Flynn Rd, within the Flynn Road industrial area, which was ...
| Stream Realty Partners and QuadReal Property Group Start Work on 344k sf Industrial Complex in Simi Valley
Stream Realty Partners and joint-venture partner QuadReal Property Group are set to commence construction on Tapo Canyon Commerce Center, a fully entitled, 344k sf five-building industrial complex in Simi Valley. The project ...
| Ventura County Multifamily and Industrial Markets Enjoying Strong Demand While Office and Retail Markets are Struggling
This report was provided by NAI Capital
A year into the pandemic, Ventura County commercial real estate markets continued to diverge. Vacant multifamily housing units and industrial space declined by double digits over the p...
| Majestic Asset Management Buys 66k sf R&D/Industrial Campus in Goleta
A three-building, 66.4k sf, office/R&D/industrial campus in Goleta was recently purchased in an off-market transaction by Majestic Asset Management. The asset was part of a portfolio of commercial properties managed by The To...
| IMT Capital LLC Buys 10-Acre Dev Site in Thousand Oaks
IMT Capital LLC purchased a 10+ acre, 440k sf development site in Thousand Oaks. Located at 339 Hampshire Rd, the property has a corner location with accessibility from U.S. Highway 101.
IMT Capital plans to convert the site...