| Covina Investor Spends $39.6 Mil on Trio of SoCal Industrial Properties
A Covina-based private investor purchased three SoCal industrial assets in deals totaling $39.6 mil. The properties are in Carlsbad, Chino and Nipomo.
One of the properties was Nipomo Self Storage, a self-storage facility, l...
| Planet Fitness-Occupied Property in Ventura Goes for $6.4 Mil
A private investor from Ventura paid $6.4 mil for a newly renovated, 24k sf ($267/sf) single-tenant property now occupied by Planet Fitness adjacent to Ventura College in Ventura. The property was sold by an affiliate of MJL ...
| Moorpark Site to Be Developed into 200-Unit Affordable Housing Project
An 18-acre development site in the city of Moorpark has traded hands. Danco, an affordable housing developer, has acquired 12 acres for construction of a 200-unit affordable multifamily housing project, with the remaining six...
| Commercial Real Estate Financing Briefs
BELLWETHER ENTERPRISE REAL ESTATE CAPITAL -- Tom Turnage and Joe Galosic, Jr with Bellwether Enterprise originated a $58 mil loan to finance a luxury apartment community in Santa Barbara County. The property is a best-in-clas...
| Ventura Shopping Center Traded in $66 Mil Transaction’
Poinsettia Plaza, a 157.3k sf shopping center in Ventura, traded for $66 mil, or $420/sf. The property is located at 4220-4360 E. Main St and 4687-4731 Telephone Rd, just south of the confluence of the 101 Fwy and Hwy 126.
| Simi Valley Retail Center Sells for $22 Mil
Griffin Plaza, an 85k sf, grocery- and drug-anchored retail center located in Simi Valley, was acquired for $22.1 mil, or $260/sf, by a private 1031 exchange investor. The property was sold by Griffin Living.
Built in 1981...
| Investor Locks Up $20 Mil in Financing on Two-Property CA Portfolio
An unnamed private investor has obtained $20 mil of financing for a cross-collateralized, two-property, mixed-asset portfolio located in high-profile California submarkets.
The first property features two suburban office bu...
| Ventura County Shopping Center Lands New Owner in $19.5 Mil Deal
Simi Valley Promenade, an 82.4k sf shopping center anchored by Smart & Final in Simi Valley, sold for $19.55 mil, or $237/sf. The property was built in 1981 and renovated in 1991 and 2002.
Tenants at Simi Valley Promenade i...
| Thousand Oaks Retail Center Refinanced with New Loan for $84.7 Mil
Janss Marketplace, a 456.4k sf, grocery-anchored regional retail center in Thousand Oaks, has been refinanced with a new loan for $84.7 mil. The center, located at 165-401 N Moorpark Rd, near the 101 Fwy in the Conejo Valley,...
| Private Investors Trade 237-Unit Visalia Multifamily Property in $50 Mil Deal
Oak View Apartments, a 237-unit garden-style multifamily community in Visalia, was purchased by a SoCal-based private investor in a recent $50 mil ($211k/unit) transaction. The asset was fully occupied at time of sale.
| Universe Holdings Pays $12.5 Mil for Ventura Apartment Complex
Universe Holdings has acquired Hacienda Villas, a 34-unit townhome-style multifamily community in Ventura, for $12.55 mil ($369k/unit). Located at 10829 Del Norte St, Hacienda Villas is close to a growing number of employment...
| Ventura Apartment Property Sells for $369k/Unit
Hacienda Villas, a 34-unit multifamily property in Ventura, traded hands for $12.55 mil, or $369k/unit. The two-story property is located at 10829 Del Norte St, north of Telegraph Rd and west of Wells Rd.
Built In 1977, the ...
| Leap of Faith Partners Secures Funding for 125-Unit Mixed-Use Project in Ventura
Leap of Faith Partners (LOF) has obtained a total of $66.9 mil of funding for a 125-unit, 10k sf mixed-use development in the city of Ventura. The financing consists of $14.5 mil in common equity and $52.4 mil in construction...
| Intercontinental Real Estate Corporation and MG Properties Team Up in $87 Mil Agoura Hills Res Buy
A joint venture between Intercontinental Real Estate Corporation and MG Properties has acquired The Lexington Apartments, a 178-unit apartment community in Agoura Hills, for $87.3 mil, or $490.4k/unit. The property was sold b...
| Harbor Associates Buys Office/R&D Facility in the Conejo Valley
In a recent Conejo Valley investment trade, Harbor Associates paid $19.275 mil for 118.9k sf ($162/sf) office/R&D complex in Agoura Hills. The property, located at 30601 Agoura Rd, was sold by Adler Realty.
The building incl...
| Interstate Equities Corporation Buys 164-Unit Multifamily Property in Oxnard
Interstate Equities Corporation has purchased The Vines at Riverpark, a 164-unit, two-story, attached townhome community in Oxnard. Located at 3040 North Oxnard Blvd, the property is part of Riverpark, a new, 700-acre, master...
| Harbor Associates, in a joint venture with Platform Ventures LLC Closed $19 Mil Purchase of Office/R&D Building in Agoura Hills
Harbor Associates, in a joint venture with Platform Ventures LLC, has acquired a 118.9k sf commercial office/R&D building in Agoura Hills for $19.275 mil, or $162/sf. In addition, A2 Biotherapeutics (“A2 Bio”) signed an 11-ye...
| Bakersfield Strip Center Fetches $245/sf
Colonial Square, a 41.2k sf, multi-tenant retail strip center in Bakersfield was acquired by an L.A.-based 1031 exchange investor for $10.1 mil ($245/sf). The property was sold by LS Capital Inc, a real estate asset managemen...
| Single-Tenant Walgreens in Tehachapi Sells for $438/sf
A 14.6k sf, single-tenant net-leased investment occupied by Walgreens in Tehachapi traded for $6.4 mil, or $438/sf. Built in 2003, the Walgreens building features a drive-thru.
The property is located on 1.66 acres at 1091 ...
| Industrial Facility in the Bakersfield Area Goes for $12 Mil
A fully leased 80k sf industrial building in Shafter, CA – in the Bakersfield area -- traded for $12 mil in an off-market transaction. The building sits on 4.7 acres but comes with an adjacent 15.56 acres of undeveloped surpl...