|
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...
|
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...
|
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...
|
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 ...
|
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...
|
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...
|
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...
|
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...
|
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 ...
|
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...
|
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...
|
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...
|
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...
|
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...
|
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...
|
Thousand Oaks Retail Center Refinanced with New Loan for $84.7 Mil 12/19/22 Janss Marketplace, a 456.4k sf, grocery-anchored regional retail center in Thousand Oaks, has been refinanced with a new loan for $84.7 mil. The center, located at 165-401 N Moorpark Rd, near the 101 Fwy in the Conejo Valley,...
|
Private Investors Trade 237-Unit Visalia Multifamily Property in $50 Mil Deal 12/09/22 Oak View Apartments, a 237-unit garden-style multifamily community in Visalia, was purchased by a SoCal-based private investor in a recent $50 mil ($211k/unit) transaction. The asset was fully occupied at time of sale.
Built...
|
Universe Holdings Pays $12.5 Mil for Ventura Apartment Complex 10/20/22 Universe Holdings has acquired Hacienda Villas, a 34-unit townhome-style multifamily community in Ventura, for $12.55 mil ($369k/unit). Located at 10829 Del Norte St, Hacienda Villas is close to a growing number of employment...
|
Ventura Apartment Property Sells for $369k/Unit 10/05/22 Hacienda Villas, a 34-unit multifamily property in Ventura, traded hands for $12.55 mil, or $369k/unit. The two-story property is located at 10829 Del Norte St, north of Telegraph Rd and west of Wells Rd.
Built In 1977, the ...
|
Leap of Faith Partners Secures Funding for 125-Unit Mixed-Use Project in Ventura 9/27/22 Leap of Faith Partners (LOF) has obtained a total of $66.9 mil of funding for a 125-unit, 10k sf mixed-use development in the city of Ventura. The financing consists of $14.5 mil in common equity and $52.4 mil in construction...
|