| Pair of Medical Office Buildings in Westlake Village Trade for $30 Mil
Two medical office buildings totaling 50k sf in Westlake Village sold for $29.95 mil, or about $599/sf. The assets were purchased by Welltower in an off-market transaction.
The buildings, located at 1220 and 1250 La Venta D...
| Two Ventura County Land Buys Total $11 Mil
There were two recent land transactions in Ventura County that totaled nearly $11 mil. The deals encompass the sale of a 2.52-acre land parcel to the City of Camarillo for affordable and market-rate multifamily development on...
| Majority of Buildings at New Thousand Oaks Biz Campus Have Been Leased
Seven of the nine buildings that comprise Sares Regis Group’s 505k sf Conejo Spectrum Business Park in Thousand Oaks have been fully leased, leaving just two remaining buildings on the market. We’re told that this is the firs...
| Regional Retail Center in Oxnard Trades Hands
In retail investment news out of Ventura County, a majority, 357k sf, portion of Esplanade Shopping Center, a 488.9k sf regional retail center located at 195 W. Esplanade Dr in Oxnard, traded hands.The center, just over 92% o...
| 332k sf SoCal Regional Mall Trades in $21 Mil Deal
A majority, 331.8k sf portion of Santa Maria Town Center, a regional mall in the coastal SoCal city of Santa Maria, traded hands in a recent transaction valued at about $21.5 mil, or $65/sf. The property is anchored by Sears ...
| Westcore Properties Buys 115k sf Industrial Facility in Ventura County
Westcore Properties paid $13.8 mil for a 114.6k sf ($120/sf), industrial manufacturing building located in the Ventura County city of Moorpark. The fully occupied, two-story property is located at 6100 Condor Dr, east of Prin...
| Conrad N. Hilton Foundation Spends $50 Mil on Dole Campus in Westlake Village
The Conrad N. Hilton Foundation paid $50 mil for the 168k sf ($298/sf) Dole corporate campus in Westlake Village in an off-market transaction.
The campus, situated on more than 10 acres at One Dole Dr, on the north side of t...
| Majestic Asset Management Purchases 125k sf Goleta Commercial Property
Majestic Asset Management Inc has purchased a three-building, 124.8k sf commercial property in Goleta for $16.5 mil ($132/sf). Majestic plans to improve and reposition the asset, situated on 5.6 acres at 839-879 Ward Dr.
| Sterling Organization Spends $35 Mil on Retail Asset in Westlake Village
Sterling Organization has purchased North Ranch Gateway, an 86.5k sf shopping center in Westlake Village. The asset was purchased on behalf of Sterling Organization’s latest institutional fund, Sterling Value Add Partners III...
| The Associates Equity Fund Buys 129k sf Ventura County Industrial Facility
The Associates Equity Fund has acquired a 129k sf, R&D facility in the Ventura County city of Moorpark for $7.65 mil, or $59/sf. The facility was purchased from Los Angeles-based investment firm Maxxam Enterprises.
| Owner/User Pays $197/sf for Simi Valley Industrial Facility
A 37.1k sf, state-of-the-art industrial building in Simi Valley sold for $7.3 mil ($197/sf). The building is part of an industrial business campus, located at 167 W. Cochran St, and was the last available property for sale at...
| 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...