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April 15, 2024
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VENTURA COUNTY NEWS
Archive
1  | 2  | 3  | 4  | 5  | 6  | 7  | 8  | 9  | 10  ...  26
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• NewMark Merrill Companies Buys 172k sf Retail Center in Thousand Oaks
12/04/23
NewMark Merrill Companies has acquired a 172k sf retail center located at 145 W. Hillcrest Drive in Thousand Oaks. The asset, renamed the Collection at Janss Marketplace, was sold by Seritage Retail Group. The center is adj...
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• Newmark Awarded Leasing Assignment for Oxnard Industrial Development
11/29/23
Stream Realty Partners has awarded Newmark the leasing assignment for 101 Logistics Center, a fully entitled, 750k sf, four-building, Class A state-of-the-art industrial project located on Sakioka Dr in Oxnard. Stream purchas...
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• Bakersfield Multifamily Property Traded in a Deal that Works Out to $139k/Unit
10/25/23
Cedar Oaks Apartments, a 98-unit multifamily community in Bakersfield, was sold in a recent $13.6 mil ($138.8k/unit) transaction. According to CoStar, this sale represents the 2nd largest transaction this year in Bakersfield....
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• Work Finished on Interactive Learning Pavilion at UC Santa Barbara
9/14/23
Construction has wrapped up on a new Interactive Learning Pavilion on the campus at UC Santa Barbara. The four-story, 95k sf structure was built by C.W. Driver Companies. LMN Architects designed the project. The new facility...
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• Ventura County's Industrial Market Faces Space Shortage in Q2 2023
8/07/23
This report provided by real estate services firm NAI Capital Commercial MARKET OVERVIEW In Q2 2023, the industrial market in Ventura County experienced a notable decrease in vacant space by 9.1% compared to Q1 2023. The hi...
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• Commercial Real Estate Financing Briefs
7/07/23
BANDON CAPITAL ADVISORS - Bryan Kenny with Bandon Capital Advisors arranged an $11.5 mil refi loan for a 3.11-acre covered-land industrial site with space for Industrial Outdoor Storage (IOS) in Costa Mesa, and secured $5 mi...
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• Ventura County Industrial Vacancy Rate Rose 2.7% in Second Qtr 2023
7/06/23
This 2nd quarter 2023 update provided by real estate services firm Kidder Mathews MARKET HIGHLIGHTS • Direct vacancies rose to 2.7%, steady quarter-over-quarter. • Direct asking lease rates increased to $1.23/sf NNN from $1...
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• MBK Rental Living Buys Thousand Oaks Site for New Res Development
6/26/23
MBK Rental Living has acquired a 7.1-acre site in Thousand Oaks for the development of a new, 218-unit luxury multifamily community. MBK is partnering on their first apartment joint venture with Prime Life Technologies Corpor...
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• Simi Valley Restaurant Building Gets New Owner in $2 Mil Deal
6/05/23
A 5.7k sf restaurant building in Simi Valley traded hands in a recent $2 mil ($350/sf) deal. The property, located at 698 E Los Angeles Ave, is a free-standing building within the Woodlands Plaza neighborhood center anchored ...
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• NEXGEN Spends Over $6 Mil on Conejo Valley Life Science/Lab Property
6/02/23
NEXGEN paid $6.2 mil for a 23.9k sf ($260/sf) industrial life science/laboratory facility in Newbury Park. The property was sold by Dao Bui Holdings. The facility is situated at 3615 Old Conejo Rd, within the USA Business Pa...
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• Thousand Oaks Multifamily Portfolio Hits the Market
5/22/23
A two-property, 399-unit multifamily portfolio in Thousand Oaks has been put on the market. The portfolio includes Los Robles Apartments, a 253-unit property built in 1972 and The Retreat at Thousand Oaks, a 146-unit apartmen...
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• Ventura County's Industrial Market Struggles with Depleted Supply and Soaring Rents in Q1 2023
5/15/23
This report provided by real estate services firm NAI Capital Commercial MARKET OVERVIEW In Q1 2023, Ventura County's industrial market experienced a 77.1% increase in vacant space from Q4 2022, with demand for warehouse-d...
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• Covina Investor Spends $39.6 Mil on Trio of SoCal Industrial Properties
4/27/23
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...
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• Planet Fitness-Occupied Property in Ventura Goes for $6.4 Mil
4/26/23
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 ...
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• Moorpark Site to Be Developed into 200-Unit Affordable Housing Project
4/19/23
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...
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• Commercial Real Estate Financing Briefs
4/14/23
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...
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• Ventura Shopping Center Traded in $66 Mil Transaction’
2/06/23
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. P...
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• Simi Valley Retail Center Sells for $22 Mil
1/31/23
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...
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• Investor Locks Up $20 Mil in Financing on Two-Property CA Portfolio
1/16/23
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...
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• Ventura County Shopping Center Lands New Owner in $19.5 Mil Deal
1/10/23
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...
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