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August 7, 2020
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• Simi Valley Res Community Fetches $70 Mil Price Tag
Here’s the scoop on a big Simi Valley multifamily acquisition, as Decron Properties Corp has purchased Creekside Apartments, a 397-unit, garden-style community situated on 16 acres. The residential complex, located at 1518 Pa...
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• SoCal Sales Comp Review
In this report, we’ll cover a trio of recent SoCal sales, in Montebello, Monterey Park and Ventura. Two of the sales were for industrial properties while the third was for a 12.5k sf office property. The transactions ranged f...
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• Grape Crusher Purchases 14k sf of Ind Space in Westlake Village
Aldabella Custom Crush Winery & Storage purchased two industrial units totaling 14.1k sf in Westlake Village for $2.21 mil ($157/sf). The units are located at 31111 Via Colinas, just west of Lindero Canyon Rd between Thousand...
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• San Luis Obispo Multifamily Property Traded in $10.5 Mil Deal
Vitus Group, out of Seattle, paid $10.5 mil for the Madonna Road Apartments, a 120-unit ($87.5k/unit) affordable housing community located in San Luis Obispo. It was sold by a nonprofit corporation controlled by a local affil...
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• NorthMarq Arranges $14.8 Mil Refi on SoCal Retail Center
NorthMarq Capital arranged first mortgage refinancing of $14.75 mil for Conejo Valley Plaza II, a 90.9k sf retail center located in Thousand Oaks. Ralphs, Jo-Ann Fabric and Bank of America are the major tenants at the proper...
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• San Luis Obispo Industrial Property Sells for $3.7 Mil
A 21.4k sf industrial property in San Luis Obispo sold for $3.7 mil ($173/sf). The property is located at 4388 Old Santa Fe Rd, adjacent to McChesney Field airport. The buyer, Corral De Piedra Land Company, a subsidiary of Wa...
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•  LA Investor Closes Institutional Apartment Buy in Thousand Oaks
LA-based IMT Capital LL has purchased Archstone Thousand Oaks Crest, a 191-unit apartment community in Thousand Oaks, in a sizable institutional multifamily acquisition valued at $51.375 mil, or $269k per unit. The asset was ...
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• Ashley Furniture Completes Renovation of Former Wickes into Chain’s 14th Location
Construction was just completed on the conversion of a 50k sf, former Wickes Furniture building at Market Place Shopping Center in Oxnard into an Ashley Furniture HomeStore. The Hodgdon Group handled all entitlements and serv...
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• New 106-Room Courtyard by Marriott in Goleta Opens Its Doors
R.D. Olson Development and Wynmark Company have opened a new, 106-room Courtyard by Marriott in Goleta, CA. The $28 mil hotel is expected to generate room demand from the University of California, Santa Barbara, located one m...
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• California Lasers Buys 22k sf Simi Valley Facility
California Lasers has purchased a 21.7k sf industrial property located at 2255 Agate Ct, south of the 118 Fwy and west of 1st St in Simi Valley. The transaction is valued at approximately $2.1 mil, or about $98/sf. The buil...
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• Renovation Work Started on Port Hueneme Retail Center
Donahue Schriber has started the first phase of a $1.5 mil renovation of Mandalay Village Marketplace, a 194k sf shopping center in Port Hueneme, CA. The Ralphs and CVS-anchored center includes Petco and Do It Best Hardware ...
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• Moorpark Industrial Property Trades for $3 Mil
Cosaro and Tagliati Trusts purchased a 21.5k sf industrial property in the city of Moorpark for $3 mil ($140/sf). The property, located at 5245 Maureen Lane, west of Hwy 23 and north of Los Angeles Ave, was sold by F&B Indust...
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• SoCal Grocery-Anchored Centers Popular with Investors
Here’s an update on the recent sales of two SoCal, grocery-anchored shopping centers in Palm Desert and Oxnard. The necessity-based centers, Marketplace @ Palm Desert and Seabridge Marketplace, represent nearly 190k sf of re...
Price: $4.99
Executive Subscriber Price: Free
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• Investor Picks Up Thousand Oaks Office Property
A 12.8k sf, multi-tenant office property located at 199 E. Thousand Oaks Blvd in Thousand Oaks recently sold for $1.95 mil ($152/sf). Built in 1964, the property is situated adjacent to the 101 and 23 freeways, just east of ...
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• Montecito Bank & Trust Signs Office Expansion Lease in Goleta
Montecito Bank and Trust signed a new lease to expand their existing space at Storke Hollister Research Center in Goleta by 5.9k sf, bringing its total presence in the building to 18.5k sf. The locally owned bank, which ser...
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• Lee & Associates-LA North/Ventura and Moss & Company Form Alliance
Lee & Associates-LA North/Ventura Inc and Moss & Company have formed an alliance that will enable the two companies to provide their clients with a broader range of services that includes real estate brokerage and property ma...
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• Oxnard Industrial Property Sells for $105/sf
In a recent Oxnard industrial acquisition, BBS Partners LLC paid $1.48 mil for a 14.1k sf ($105/sf) building at 1450 E. Wooley Rd, between Oxnard Blvd and Rose Ave. The warehouse facility is only five years old and features 2...
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• Well-Located Newbury Park Industrial Facility Fetches $3.8 Mil
A 53.7k sf industrial property in Newbury Park traded hands in a recent $3.8 mil ($71/sf) transaction. The property, located at 2651 Lavery Ct, north of the 101 Fwy and west of Rancho Conejo Blvd, was purchased by Martin W. F...
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• Urban Partners and Plaza Development Partners Sell Development Lots Within Riverpark Community in Oxnard
Urban Partners LLC and Plaza Development Partners closed a significant sale within the $750 mil master-planned Riverpark community in the city of Oxnard, collecting an exponential return on invested capital from the sale of t...
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• Simi Valley Industrial Lease is an All American Deal
All American Containers leased a 76k sf industrial property in Simi Valley in a $1.4 mil transaction. The property is located at 2390 Ward Ave, south of the 118 Fwy and west of 1st St. The company is relocating from a smaller...
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