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• Thousand Oaks Lease by Karting Operator Speeds Up Industrial Activity in the Conejo Valley
4/20/21
K1 Speed, the world’s largest electric indoor karting operator, inked a 10-year, $7.5 mil lease for a 50k sf ($1.25/sf/mo) industrial building in Thousand Oaks. The one-story structure is located at 770 Lawrence, north of the...
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• University of California, Santa Barbara Starts Work on $78 Mil Classroom Building
4/06/21
C.W. Driver Companies, a premier builder that celebrated its 100-year anniversary in 2019, today broke ground on the construction of a new four-story classroom building at the
The University of California, Santa Barbara (UC...
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• Single-Tenant Property in Camarillo Gets New Owner in $6.5 Mil Deal
4/06/21
A 40k sf, single-tenant property in Camarillo sold for $6.5 mil ($162.50/sf). The property, situated on 2.12 acres at 1040 Avenida Acaso, is leased to Infab Intermediate Holdings LLC, a manufacturer and worldwide distributor ...
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• Simi Valley Industrial Facility Traded for Just Under $6 Mil
3/24/21
A SoCal-based investor acquired a two-story, 30.8k sf Class A industrial property in Simi Valley for $5.9 mil ($192/sf) in a sale/leaseback deal.
The property is located on 1.47 acres at 2250 Agate Court, west of First St a...
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• Former Retail Anchor Building in Santa Barbara is being Repositioned as Office Space
3/22/21
Pacific Retail Capital Partners is repositioning a former Macy’s anchor building at its Paseo Nuevo Shopping Center in Santa Barbara as office space. The structure, located at 701 State St, has been named the Ortega Building....
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• Westlake Village Smart & Final Sells for $22.5 Mil
3/19/21
A 50.2k sf, NNN-leased Smart & Final grocery store in Westlake Village sold for $22.525 mil, or $448/sf. The asset is located within the Westlake Village Marketplace shopping center, across the street from Westlake Business P...
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• Local Investor Spends Over $2 Mil on Ventura Office Building
3/17/21
A local private investor paid $2.05 mil for a 7.3k sf office building in Ventura. The property, located at 4591 Market St, ws sold by County Schools Federal Credit Union (CSFCU) who also currently occupies the property.
The ...
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• GSA Leases an 18k sf Office Building in Camarillo
3/11/21
The federal government’s General Services Administration agency recently inked a lease for an 18k sf office building in Camarillo. The 15-year deal has a total value of $10.7 mil, which works out to around $3.30/sf/mo.
The ...
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• Camarillo Office Building Purchased for $9.9 Mil
1/26/21
A Los Angeles-based private investor bought a 41.3k sf, fully leased office building in Camarillo for $9.9 mil ($240/sf) as part of a 1031 exchange. Approximately 85% of the property is leased by a government-backed tenant.
...
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• Simi Valley Office Building Sells for $30 Mil
1/11/21
Top Terraces Inc paid $30 mil for a 206.9k sf ($145/sf) office building in Simi Valley. The property is 100% net-leased to Bank of America N.A.
Situated on over 12.5 acres, the two-story building, located at 450 America St,...
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• Majestic Asset Management Closes $13 Mil Office Buy in Goleta
12/23/20
Majestic Asset Management Inc recently purchased 120 Cremona Drive, a 58k sf, multi-tenant office/R&D building in Goleta, for $13.125 mil in an off-market transaction. The seller was EastGroup Properties.
Centrally located ...
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• London Entity Buys Santa Barbara Creative Office Property
12/16/20
A 48.6k sf, single-tenant creative office building in Santa Barbara was acquired by London-based commercial real estate investment firm Global Mutual. The price was not given out.
Located at 1001 State St, the building was o...
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• Westlake Village Office Building Trades Hands
12/14/20
A 45.5k sf office building in Westlake Village was acquired by a private investor in a recent, off-market transaction. The building, located at 4360 Park Terrace Dr, is part of a beautifully landscaped, master planned develo...
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• Presidio Residential Capital to Develop 296-Unit Res Neighborhood in SLO’s San Luis Ranch Area
12/08/20
Presidio Residential Capital plans to develop a multifamily neighborhood called The Orchard in the highly anticipated San Luis Ranch mixed-use development in southwest San Luis Obispo. The community will consist of three proj...
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• Two CA 7-Eleven Properties Trade in Deals Totaling $3.5 Mil
12/07/20
Two 7-Eleven investment properties in California sold in separate transactions totaling $3.45 mil. The deals include a single-tenant 7-Eleven in Santa Maria and a two-tenant 7-Eleven property in Fresno.
The single-tenant, 2...
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• Raintree Partners Buys SoCal Multifamily Portfolio for $142 Mil
11/24/20
Raintree Partners closed on the acquisition of the LAVVA Portfolio (Los Angeles & Ventura Value Add Portfolio) in a $142 mil transaction. The sale, consisting of five properties totaling 551 units in Canoga Park, Camarillo, ...
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• MG Properties Group and Rockwood Capital Close $96 Mil Multifamily Buy in Camarillo
11/20/20
MG Properties Group and Rockwood Capital have acquired Las Positas Apartment Homes, a 213-unit multifamily community in Camarillo, for $95.75 mil, or about $450k/unit. The property, located at 352 Townsite Promenade, was sold...
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• New Santa Maria Res Community Opens Its Doors
11/12/20
Azure, a luxury garden-style apartment community in Santa Maria, has been completed and is now open to the public. The project, a development of MBK Rental Living, is comprised of 318 studio and one-, two-, and three-bedroom ...
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• Majestic Asset Management Buys Goleta Office Campus
10/07/20
Majestic Asset Management has acquired a 175.2k sf, office campus in Goleta in an off-market transaction. The asset was purchased all-cash with an escrow of approximately two weeks. The closing price was not disclosed.
Loca...
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• NoCal Investor Spends $22 Mil on Bakersfield Multifamily Property
10/06/20
Pine Brook Apartments, a 240-unit apartment community in Bakersfield, was purchased by a NoCal-based private capital investor for $22 mil, or $92k/unit. Built in 1971, Pine Brook Apartments sits on just over nine acres at 500...
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