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• Ventura County Office Investment Market a Little Healthier Thanks to Kaiser Permanente
3/05/13
In a notable office buy in Ventura County, Kaiser Permanente has acquired two Class A buildings totaling 62.5k sf for $15.2 mil, or around $243/sf. Kaiser Permanente, the nation’s largest non-profit health plan, is already th...
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• 140k sf Ventura County Retail Center to Undergo Façade Redesign
1/30/13
Nadel Architects has completed a façade re-design for Moorpark Town Center, an existing, 140k sf shopping center in the Ventura County city of Moorpark. The renovation adds articulation and enhancement to the exterior façade ...
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• Leasing of New Westlake Village Retail Development on Target with Anchor Tenant Land Sale
1/10/13
National retailer Target Corp has acquired 10.3 acres of land for development of a 138.5k sf Target store that will anchor The Shoppes at Westlake Village, a new 243k sf retail center under development by Selleck Development ...
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• Recent Activity at Moorpark Biz Center Totals 33k sf
1/10/13
Four units totaling 33.2k sf of space at the Patriot Commerce Center in the city of Moorpark recently sold in three separate transactions worth a combined $4.27 mil ($129/sf). The buyers were all owner/users.
“Activity at th...
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• Shooshani Developers Lands $60 Mil in Two SoCal Retail Financing Deals
1/09/13
Shooshani Developers LLC has obtained separate 10-year loans, totaling $60 mil, for two retail centers in Southern California. The transactions, arranged by Brad Black and Jeff Sause of HFF, were funded by Deutsche Bank.
I...
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• Majestic Asset Management Venture Purchases Simi Valley Ind Property
12/10/12
Majestic Asset Management Inc and JS/JS Properties Inc acquired Ward Industrial Park, a 138.7k sf industrial building in Simi Valley. Located at 2390 Ward Ave, the property was sold by M&M Investments and Real Estate LLC for ...
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• Investor Collects $2.7 Mil from Sale of Ventura Apt Property
12/07/12
A 20-unit apartment building located in Ventura recently sold for $2.695 mil, or $134.8k/unit. The property is located at 95 South Ann St, north of the 101 Fwy about midway between Seaward and Ventura Aves.
Built in 1965, 95...
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• Ventura Hotel/Golf Property Sells for $6.5 Mil
11/30/12
The Pierpont Inn, a 77-room hospitality/golf property located in Ventura, traded hands at a price of $6.5 mil, or $84.4k/room. The property is located at 550 Sanjon Rd, on the northeast side of Hwy 101 near San Buenaventura ...
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• Raintree Partners Spends $60 Mil on Ventura County Multifamily Asset
11/29/12
In an institutional-quality, multifamily buy from Ventura County, Raintree Partners has acquired Archstone Ventura Colony, a 272-unit multifamily community located just off of the 101 Fwy in the coastal community of Ventura. ...
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• Ventura Office Property Goes for Over $15 Mil
11/23/12
The three-building, 111k sf City Center office property in the city of Ventura sold for $15.5 mil, or about $140/sf. Located at 5700, 5720 and 5740 Ralston St, approximately one mile from the 126 and 101 Freeways near the Vic...
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• Simi Valley Res Community Fetches $70 Mil Price Tag
11/15/12
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
11/05/12
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
11/05/12
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
10/24/12
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
10/03/12
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
10/03/12
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
8/31/12
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
8/27/12
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
8/22/12
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
7/26/12
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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