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• Oxnard Industrial Facility Sold in $4.3 Mil Deal
2/18/20
A 26.6k sf manufacturing facility in Oxnard sold for $4.3 mil, or $162/sf. The building is located at 2400 Sturgis Rd, within the Ventura County’s West submarket.
Built in 2004, the free standing single-story manufacturing b...
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• Younan Properties Buys 212k sf Conejo Valley Office Campus
2/10/20
In a recent office buy out of SoCal’s Conejo Valley, Younan Properties Inc purchased Westlake Oaks Campus, a two-building, 212k sf corporate campus in Westlake Village. The price was not disclosed.
The buildings are at 120 V...
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• Local Investor Pays $26 Mil for 151k sf Bakersfield Office Asset
2/10/20
Cal Twin Towers, a 151.8k sf office complex at 4900 California Ave in Bakersfield, was acquired by Steve Blumer, a local investor, in a deal worth $26 mil ($171/sf). The property was sold by Adler Realty Investments Inc, out ...
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• Commercial Real Estate Financing Briefs
2/07/20
MERIDIAN CAPITAL GROUP - Seth Grossman, Sarah Kuebler and Eric Schleif with Meridian Capital Group arranged $45 mil in financing for McCarthy Ranch Marketplace, a 266k sf retail property in Milpitas. Located at 15-251 Ranch D...
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• Goleta Office Campus Trades in $35 Mil Deal
2/04/20
An affiliate of Montana Avenue Capital Partners, LLC (MAC) purchased Castilian Technical Center, a three-building, 165.5k sf campus at 50, 70, and 90 Castilian Drive in Goleta, for $35.7 mil ($216/sf).
The property covers a...
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• MAG Capital Partners Buys 62k sf Retail Property in Santa Barbara County
1/31/20
MAG Capital Partners LLC has acquired a 62.5k sf retail property in the SoCal city of Lompoc. The property is located at 1600 North H St, within Santa Barbara County. The price was not disclosed.
Originally built in 1992, th...
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• Rexford Industrial Realty Closes Out 2019 with a Fountain Valley Purchase and an Oxnard Disposition
1/14/20
In the latest SoCal activity at Rexford Industrial Realty, the firm purchased an industrial property in Fountain Valley for $14 mil and sold a property in Oxnard for $9.6 mil. The acquisition was funded using cash-on-hand and...
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• Two SoCal Retail Centers Refinanced in Transactions Totaling $31 Mil
1/09/20
Cantor Commercial Real Estate has refinanced two SoCal neighborhood retail centers with loans totaling $31 mil. Westlake Village Marketplace, in Westlake Village, was refinanced with an $18 mil loan, and Aliso Viejo Plaza, in...
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• Initial Res Apartments Offered for Lease at Ventura Mixed-Use Development
1/08/20
The initial 56 res units have been made available for lease at Port Ventura Harbor, the largest mixed-used waterfront development of its kind on the West Coast. The culmination of nearly two decades of planning, at buildout i...
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• Omninet Capital Buys Office/Medical Property in Oxnard
12/19/19
Omninet Capital LLC purchased Solar Drive Business Park, a 136.7k sf, Class A three-building office/medical office property in Oxnard. The property is located at 1901, 2001 and 2051 North Solar Dr, south of Hwy 101 and west o...
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• Majestic Asset Management Lands $15.7 Mil in Financing on Two Office Buildings
12/19/19
Majestic Asset Management Inc has obtained two loans totaling $15.72 mil for 125 and 175 Cremona Drive, two office buildings totaling 133.3k sf in the Santa Barbara County city of Goleta. The firm acquired the buildings, situ...
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• FPA Multifamily Pays $33.8 Mil for Thousand Oaks Res Community
11/26/19
Stonepine Apartments, a 108-unit garden-style multifamily property in Thousand Oaks, was acquired by California-based FPA Multifamily, LLC in a $33.8 mil ($313k/unit) transaction.
Built in 1979, Stonepine Apartments is compr...
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• Camarillo Industrial Building to Be Converted to Self-Storage after $11 Mil Sale
11/22/19
Mission Oaks Corporate Center, a 181.4k sf, high-image flex industrial building in the Conejo Valley city of Camarillo, sold for $11 mil. The building is located at 5300 Adolfo Rd, north of the 101 Fwy and east of Santa Rosa...
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• Ventura Multifamily Property Sells for $284k/Unit
11/11/19
Ventura Del Sol, a 255-unit apartment complex in Ventura, sold for $72.5 mil ($284k/unit). The buyer was a private multifamily investment firm attracted by the property’s location and low-density configuration.
Constructed ...
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• Bakersfield Multifamily Property Sells for $107k/Unit
11/05/19
Dana Apartments, a 49-unit community in Bakersfield, sold with multiple offers for a sales price of $5.25 mil ($107.1k/unit). Built on a 2.34-acre site in 1968, the property is located at 3600-3610 Dana St.
The property is ...
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• US Storage Centers Buys 649-Unit Self-Storage Facility in Bakersfield
11/04/19
US Storage Centers has acquired a 649-unit, 118.6k sf self-storage facility in Bakersfield. The property is located at 3813 Mesa Grande St, adjacent to the California State Route 99 Fwy.
The facility features climate-control...
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• Simi Valley Industrial Facility Goes for $11 Mil
10/28/19
A highly-improved 60.4k sf, R&D building in Simi Valley traded for $11 mil ($183/sf). The property is located at 685 E Cochran St, east of Madera Rd and just south of the 118 Fwy.
Built in 1986, the two-story property featur...
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• Rexford Industrial Realty Spends $76 Mil on Trio of SoCal Industrial Assets
10/08/19
Rexford Industrial Realty has acquired three SoCal industrial properties for $76 mil. The purchases were funded using cash on hand.
In the largest deal, Rexford acquired Slauson Commerce Center, located in City of Commerce w...
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• Penwood Real Estate Buys 55k sf Industrial Facility in Ventura County
10/04/19
Penwood Real Estate Investment Management paid $8 mil for a 55.2k sf ($145/sf) industrial building in the Conjeo Valley city of Moorpark. The property, located at 5155 Goldman Ave, is fully occupied by a single user, QEP Co I...
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• Investment Venture Gets to Think Here
9/16/19
Think Here, a 161k sf, two-building Life Science/R&D office campus in Thousand Oaks, was acquired by a venture of Singerman Real Estate LLC and HATCHspaces LLC. The price was not disclosed.
The property is comprised of two b...
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