| Office Asset in Ventura County Sells
Marin Corporate Center, a 50.2k sf office campus in the Thousand Oaks submarket of Ventura County, sold for for $9.25 mil, or $184/sf.
The property, which was about 50% occupied at the time of sale, is located at 501-509 Ma...
| Investor Picks Up 106k sf Building in Goleta
A local investor purchased a 106.3k sf building on 6.9 acres in Goleta. Although the closing price was not released, we do know that the offering was listed for $35.5 mil, or $334/sf.
The facility, located at 6300 Hollister...
| Single-Tenant LA Fitness Property in the Conejo Valley Gets a New Owner
AHS Property Inc acquired a 37.3k sf building leased to LA Fitness in the Conejo Valley community of Newbury Park. The single-tenant, leased investment property is located at 3057 Grande Vista Drive.
Although the final sales...
| Conejo Valley Industrial Facility Refinanced with New Loan for $12 Mil
Nearon Enterprises has refinanced Princeton Industrial, a 144k sf, single-tenant industrial property in Moorpark, with a new loan for $12 mil. The property is 100% occupied by AeroVironment Inc, a $1.3-billion manufacturer of...
| Commercial Real Estate Financing Briefs
MERIDIAN CAPITAL GROUP - Seth Grossman, Steven Adler and Jackie Tran with Meridian Capital Group arranged $23.1 mil in acquisition financing for the purchase of the Hilton Garden Inn San Diego Mission Valley Stadium hotel. Lo...
| Neighborhood Center in the Conejo Valley Trades for $18 Mil
Conejo Gateway, a 47.3k sf neighborhood retail center in the Conejo Valley, sold for $18 mil ($380/sf). The center is located at 701 Wendy Dr, just off the 101 Fwy in the Newbury Park area of Thousand Oaks.
The neighborhood ...
| Tire Wholesaler Buys Ventura County Industrial Facility
Big Brand Tires purchased a 69.9k sf industrial building in the city of Moorpark in a $10.225 mil ($146/sf) transaction. Big Brand, a tire wholesaler, will fully occupy the property, located at 14401 Princeton Ave.
| Majestic Asset Management Closes $18 Mil Office Buy in Westlake Village
Westlake Plaza Centre 2, an 84k sf office building in Westlake Village, was acquired by Majestic Asset Management and The Johnston Group in an $18.25 mil deal. The property was sold by Kilroy Realty Corporation.
| Santa Maria Res Development Refinanced with $35 Mil Take-Out Loan Prior to Completion
Dynamic Development Company has financed Refugio Apartments, a 125-unit luxury townhome rental community in Santa Maria, with a take-out loan of $35 mil. The refi, arranged by JLL Capital Markets and provided by Annaly Capita...
| Strategic Office Partners Purchases Conejo Valley Office Asset for $41 Mil
Strategic Office Partners has acquired Conejo Corporate Campus, a 196k sf office campus in Thousand Oaks, for $41.35 mil ($211/sf). The property, located at 2380 and 2400 Conejo Spectrum St, was sold by Harbor Associates and ...
| Cleveland Investment Entity Pays $196/sf for Camarillo Office Property
An investment firm out of Cleveland, OH paid $15.6 mil for Mission Oaks Business Park, a 79.5k sf ($196/sf), multi-tenant office building in Camarillo. The building sits on 4.27 acres at 5141-5171 Verdugo Way, north of the 10...
| Simi Valley Development Land Trades for $18.5 Mil
A Newport Beach-based developer paid $18.5 mil for a 12.83-acre mixed-use development site in Simi Valley. The property, located at 3039-3041 Cochran St, was formerly occupied by Farmers Insurance headquarters and features va...
| Two Firms Ink Leases for Renovated 100k sf Facility in Thousand Oaks
Weíve got a couple of recent lease signings totaling about 100k sf to report at Conejo Corporate Campus in Thousand Oaks. These latest deals were with SAGE Publishing, an independent publishing company founded in 1965 in New ...
| Invoca Relocates into Larger 28k sf Office Space in Downtown Santa Barbara
Software company Invoca recently leased a 27.8k sf building at 419 State St in downtown Santa Barbara. The move marks a significant expansion from the firmís former 14.7k sf office at 1025 Chapala St.
Francois DeJohn, Steve...
| Agora Realty & Management Picks Up 34k sf Shopping Center in Thousand Oaks
Agora Realty & Management has acquired Office Depot Plaza, a 33.7k sf shopping center in Thousand Oaks, for $14.44 mil ($429/sf). The property is located at 11-25 E. Hillcrest, north of the 101 Fwy and just east of Moorpark R...
| Beachfront Apartment Property in Ventura County Trades for $500k/Unit
A seven-unit, beachfront multifamily rental property in Ventura County has traded for $3.5 mil, or $500k per unit. The property is located at 5151 Neptune Square, between Harbor Blvd and the coast.
Constructed in 1974, the p...
| New Pismo Beach Hotel Financed with $26.5 Mil Loan
Sonnenblick-Eichner Company has arranged a $26.5 mil interim refi loan on Inn at the Pier, a new 104-room, full-service luxury boutique hotel located one-half block from the Pacific Ocean in the heart of Pismo Beach, CA.
| Local Buyer Picks Up 83k sf Goleta Building Occupied by Northrop Grumman Innvation Systems
An 83.5k sf building located at 600 Pine Ave in Goleta was acquired by a local buyer. The building is fully leased by Northrop Grumman Innvation Systems (formerly Orbital ATK) until 2025. Although we donít have the final sale...
| Rexford Industrial Realty Closes $106 Mil SoCal Biz Park Buy
In a major industrial acquisition from a few weeks ago, Rexford Industrial Realty Inc purchased Conejo Spectrum Business Park, a nine-building, 531.4k sf industrial park in Thousand Oaks, for $106.3 mil ($200/sf). The complex...
| Commercial Real Estate Financing Briefs
GEORGE SMITH PARTNERS Ė Gary Tenzer with George Smith Partners arranged $39.3 mil in forward rate-lock permanent financing on a newly constructed, 154-unit, luxury multifamily property in downtown Ventura, one mile from the P...