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• 332k sf SoCal Regional Mall Trades in $21 Mil Deal
10/02/18
A majority, 331.8k sf portion of Santa Maria Town Center, a regional mall in the coastal SoCal city of Santa Maria, traded hands in a recent transaction valued at about $21.5 mil, or $65/sf. The property is anchored by Sears ...
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• Westcore Properties Buys 115k sf Industrial Facility in Ventura County
9/17/18
Westcore Properties paid $13.8 mil for a 114.6k sf ($120/sf), industrial manufacturing building located in the Ventura County city of Moorpark. The fully occupied, two-story property is located at 6100 Condor Dr, east of Prin...
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• Conrad N. Hilton Foundation Spends $50 Mil on Dole Campus in Westlake Village
9/14/18
The Conrad N. Hilton Foundation paid $50 mil for the 168k sf ($298/sf) Dole corporate campus in Westlake Village in an off-market transaction.
The campus, situated on more than 10 acres at One Dole Dr, on the north side of t...
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• Majestic Asset Management Purchases 125k sf Goleta Commercial Property
9/14/18
Majestic Asset Management Inc has purchased a three-building, 124.8k sf commercial property in Goleta for $16.5 mil ($132/sf). Majestic plans to improve and reposition the asset, situated on 5.6 acres at 839-879 Ward Dr.
The...
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• Sterling Organization Spends $35 Mil on Retail Asset in Westlake Village
8/29/18
Sterling Organization has purchased North Ranch Gateway, an 86.5k sf shopping center in Westlake Village. The asset was purchased on behalf of Sterling Organization’s latest institutional fund, Sterling Value Add Partners III...
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• The Associates Equity Fund Buys 129k sf Ventura County Industrial Facility
8/09/18
The Associates Equity Fund has acquired a 129k sf, R&D facility in the Ventura County city of Moorpark for $7.65 mil, or $59/sf. The facility was purchased from Los Angeles-based investment firm Maxxam Enterprises.
The prope...
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• Owner/User Pays $197/sf for Simi Valley Industrial Facility
7/27/18
A 37.1k sf, state-of-the-art industrial building in Simi Valley sold for $7.3 mil ($197/sf). The building is part of an industrial business campus, located at 167 W. Cochran St, and was the last available property for sale at...
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• Presidio Residential Capital and Williams Homes Acquire Land for 33 Housing Units in Southeastern San Luis Obispo
7/24/18
Presidio Residential Capital and Williams Homes recently acquired property in southeastern San Luis Obispo to build the first 33 units of a 113-unit community called The Arroyos at Righetti. This new neighborhood will be par...
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• Merlone Geier Partners Buys 281k sf Retail Center in Simi Valley
7/11/18
Mountaingate Plaza, a 281.2k sf, value-add shopping center in Simi Valley was acquired by Merlone Geier Partners. The asset, anchored by Valley Marketplace, Rite Aid, 99 Cents Only and dd’s Discounts (Ross Stores), was sold b...
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• Leasing Assignment for 500k sf Oxnard Office Campus Goes to Lee & Associates
5/22/18
Topa has awarded the leasing assignment for The Campus at Topa Towers in Oxnard to Lee & Associates-LA North/Ventura. Lee’s David Kim, Cory Richmond and Jared Smits are handling the listing.
The Campus at Topa Towers, a 500...
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• Universe Holdings, Hanover Financial and Essex Property Trust Purchase 400-Unit Apartment Property in Ventura
5/18/18
Universe Holdings has teamed up joint venture partner Hanover Financial LLC, along with preferred equity from Essex Property Trust, to acquire Capes at Ventura, a 400-unit, institutional quality apartment community in Ventura...
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• Selleck Development Group Buys Conejo Valley Office Asset
4/25/18
An entity of Selleck Development Group (SDG) paid $11 mil for a two-story, 53.1k sf ($207/sf) corporate headquarters office building in Westlake Village. The building is located at 31248 Oak Crest Dr, south of the 101 Fwy and...
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• MCA Realty Spends $7.5 Mil on Ventura County Office/Industrial Property
4/17/18
MCA Realty recently acquired a 137.5k sf, value-add industrial property in the Ventura County submarket of Moorpark said to be worth $7.5 mil, or about $55/sf.
The property is comprised of two buildings: a 45.9k sf industria...
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• Dollar General Commands another 240k sf at Tejon Ranch Commerce Center
4/16/18
Retailer Dollar General agreed to a lease for an additional 240k sf within Tejon Ranch Commerce Center that will expand the discount retailer’s total footprint within the master-planned complex in Kern County to more than 850...
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• Industrial Asset in the Conejo Valley Fetches $6.6 Mil
4/10/18
Rexford Industrial Realty purchased a 49.6k sf industrial property in Thousand Oaks for $6.6 mil, or $133/sf. We’re told this was among the highest prices per sf ever paid for an industrial property in the Conejo Valley.
The...
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• Lompoc Industrial Facility Sells for over $3 Mil
3/29/18
A two-story, 56.6k sf multi-functional industrial building in Lompoc has sold for $3.1 mil, or $55/sf. The property is located at 1641 West Central Ave in Lompoc, in an area designated for permitted commercial cannabis activi...
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• Bascom Pays $75 Mil for 235 Res Units in Oxnard
3/14/18
The Bascom Group LLC has acquired Tempo at Riverpark Apartments, a 235-unit infill apartment property in Oxnard, for $75.25 mil ($320k/unit). The complex is located at 450 Forest Park Blvd, just east of Hwy 101.
Built in 201...
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• Penwood Real Estate Investment Management Buys 347k sf Conejo Valley Facility from Majestic Asset Management
3/09/18
In a significant industrial sales comp out of the Conejo Valley, Penwood Real Estate Investment Management paid $44.05 mil for a 100% leased, multi-tenant 347.1k sf ($127/sf) building located in the master-planned Conejo Spec...
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• Ventura Warehouse Property Acquired in $7.8 Mil Transaction
3/01/18
A 142.6k sf warehouse in Ventura sold for $7.8 mil, or around $55/sf. The property is located at 6205 Ventura Blvd, just east of Victoria Ave.
The property is a multi-tenant, four-building industrial warehouse distribution f...
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• Felton Properties Pays $47 Mil for Office Campus in Thousand Oaks
2/21/18
Felton Properties paid $47 mil for The Arbors, a newly renovated, 275.5k sf, office campus in Thousand Oaks. The four-building asset is 71% occupied by three tenants including Skyworks Solutions, Frontier Communications and Z...
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