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• Camarillo Strip Center Fetches $600/sf
4/09/20
A private investor paid $4.8 mil for an 8k sf ($600/sf) strip center in Camarillo. The center is located at 415 W. Ventura Blvd, adjacent to the 101 Fwy between Springville Dr and Las Posas Rd.
Built in 2020, the center is a...
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• Investor Spends Over $2 Mil on Ventura Office Asset
4/08/20
A 15.8k sf office building in Ventura sold for $2.09 mil, or $132/sf. The building is located at 877 S. Victoria Ave, next to the Ventura County Government Center, with convenient access to the 101 Fwy and Hwy 126.
Built i...
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• PBS Biotech Inks Sublease in the Conejo Valley
4/02/20
In a recent leasing transaction out of the Conejo Valley, PBS Biotech inked a long-term sublease for a 63.8k sf freestanding industrial facility in Camarillo. The sublessor is Microsemi Communications LLC.
The property is lo...
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• Thousand Oaks Industrial Building Acquired for $8 Mil
3/26/20
A 65.3k sf, industrial building in Thousand Oaks sold for $8.1 mil ($124/sf). It was acquired by an undisclosed private buyer who plans to redevelop the asset to house biotechnology labs to accommodate the rising number of in...
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• Former Chase Bank Building in Thousand Oaks Leased for Conversion into Healthcare Facility
3/12/20
Agora Realty and Management Inc has signed a major university tenant to a 16.2k sf, former Chase Bank bulding they own in Thousand Oaks. Located at 248 Hampshire Rd, the building was purchased by Agora Realty in 2019.
Agora ...
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• Multi-Tenant Retail Property in Ventura Sells for $822/sf
3/10/20
A 9k sf, multi-tenant retail pad building anchored by a Starbucks Drive-Thru and Jersey Mike’s Subs adjacent to Ventura College in Ventura sold for $7.4 mil, or $822/sf. The buyer was a private investor from Tarzana.
Situate...
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• Ventura County Retail Center Traded in $20 Mil Transaction
3/04/20
Chesser Group Inc paid $20 mil for The Village at Moorpark, a 129.4k sf ($155/sf) community shopping center. The property, located at 706 West Los Angeles Ave in the Ventura County city of Moorpark, was sold by London Reo Ret...
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• Rexford Industrial Realty Enjoys Barefoot Dreams in Thousand Oaks
3/03/20
Barefoot Dreams, a lifestyle brand specializing in home, baby, youth, adult apparel and pet products exclusively licensed with The Walt Disney Co, has signed a lease for 50.7k sf of space at Conejo Spectrum in Thousand Oaks.
...
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• 734k sf of Camarillo Industrial Space Goes for $88 Mil
2/24/20
Two free-standing industrial buildings totaling 733.8k sf of space in Camarillo sold for a combined price of $88 mil ($120/sf). The facilities were sold by STAG Industrial Inc, who acquired them in 2014 for $54.5 mil.
One of...
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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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