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June 24, 2024
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• Investor Pays Over $8 Mil for Santa Barbara Office/Industrial Asset
A 30.3k sf office / industrial complex in downtown Santa Barbara traded hands for $8.17 mil, or about $270/sf. It was purchased by Brian Lezak of Cameron Pacific, in conjunction with 6530 Sepulveda LLC. The property is locat...
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• Ventura County Retail Complex Sells for $28 Mil
An unnamed private local investor has acquired Oak Park Shopping Center, a 74.3k sf retail center in Oak Park, for $28.3 mil ($380/sf). The property, located at 604-664 Lindero Canyon Rd, at the intersection with Kanan Rd in ...
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• Two-Building Thousand Oaks Office / Flex Property Trades for $17 Mil
Conejo Spectrum, a 159.2k sf, two-building, office and flex portfolio in Thousand Oaks, was acquired by a joint venture of Harbor Associates LLC and The Bascom Group LLC in a recent $13 mil ($81/sf) transaction. The 14-acre ...
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• Ventura County Community College District Spends $7 Mil on Camarillo Office Building
The Ventura County Community College District (VCCCD) paid $7 mil for a 37.4k sf office building in Camarillo. The two-story building, known as Camarillo Business Center VI, is located at 761 Daily Drive and is one of seven o...
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• Oxnard Industrial Building Trades in $11.75 Mil Deal
Goodrich Hazlet LLC purchased a 92k sf industrial building in Oxnard for $11.75 mil ($128/sf). The building, located at 2100 Eastman Ave, south of the 101 Fwy between Rice and Rose Avenues, is currently 100% occupied by Quake...
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• MBK Rental Living Buys 144-Unit Asset in Paso Robles
The Buena Vista Apartments, a 144-unit multifamily complex in Paso Robles, sold for $5.8 mil in a recent acquisition by MBK Rental Living LLC The property, located at 708-1002 Experimental Station Rd, sits on roughly 12.5 acr...
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• Two-Tenant Retail Building in Oxnard Listed for Just Over $10 Mil
We thought we’d share news of a newly-constructed, two-tenant retail building in the city of Oxnard that was just listed for sale. The property, located at the signalized intersection of Vineyard Ave and Riverpark Blvd, is oc...
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• Omninet Capital LLC Buys 180k sf Ventura Office Asset from Equity Office Properties
Beverly Hills-based Omninet Capital LLC has purchased Center Promenade, a seven-building, 180.6k sf office campus in Ventura. The asset, situated adjacent to the Ventura County Government Center, provides a park-like setting ...
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• Bakersfield Office Complex Sells for $40 Mil
A joint venture of Cardinal Equities and the David Pick Family Partnership purchased Stockdale Tower, a two-building, 275k sf office property in Bakersfield, in a transaction valued at just under $40 mil ($145/sf). The projec...
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• Dekel Strategic Investors Provides $16.1 Mil for the Development of 130-Unit Senior Housing Complex in Thousand Oaks
Dekel Strategic Investors (DSI) has placed $16.1 mil in equity for the development of Sage Mountain Senior Living, a 130-unit, 58.2k sf assisted living and memory care project being developed by LA-based Willis Development in...
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• Majestic Asset Management Spends $37 Mil for Largest Industrial Building in Thousand Oaks
Majestic Asset Management has purchased a 347.1k sf industrial building in Thousand Oaks in a recent $37 mil transaction that divides out to $106/sf. We’re told that the property, located at 1461 – 1475 Lawrence Dr, within t...
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• Progression REI Secures $5.5 Mil in Joint Venture Equity for Port Hueneme Retail Asset
HFF has arranged $5.54 mil in joint venture equity for the acquisition of Oliveira Plaza, a 116k sf retail center in the Ventura County community of Port Hueneme. The financing was provided through an institional equity inves...
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• Affordable Housing Project in San Luis Obispo Opens Fully Leased
The City of San Luis Obispo recently celebrated the grand opening of South Hills Crossing, a new affordable apartment community by ROEM Corporation in partnership with the Housing Authority of the San Luis Obispo (HASLO). So...
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• Draftsmen & Craftsmen
Renovation of the Davidson Library at University of California, Santa Barbara (UCSB) has been completed. The $58.5 mil project was done by C.W. Driver Companies. The project included the addition of a 62k sf, three-story bu...
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• Rexford Industrial Realty Completes Two Acquisitions While Selling Two Other Assets
Rexford Industrial Realty recently closed on the acquisition of two assets. These transactions include picking up the remaining 85% interest in a property previously held in a joint venture for approximately $21.8 mil, and bu...
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• Specialty Retail Center in Ventura County Fetches $50 Mil
Poinsettia Plaza, a 153.2k sf, specialty retail shopping center in the city of Ventura, has sold for $50 mil, or about $325/sf. We’re told this is the largest retail sale in the city of Ventura since 2003. Located at 4220 to...
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• New 118-Room Residence Inn by Marriott Breaks Ground in Goleta
R.D. Olson Development and Joseph Martelli Real Estate Investments Inc have broken ground on a 118-room Residence Inn by Marriott hotel development in Goleta. The project is located on a 3.81-acre parcel at 6350 Hollister Ave...
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• LA Investor Buys 64-Unit Asset in Atascadero
A Los Angeles-based private investor paid $10.425 mil for Mira Vista Apartments, a 64-unit ($163k/unit) multifamily community in Atascadero, a CA town about 110 miles north of Santa Barbara. The property is located at 11145-1...
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• Two SoCal Retail Centers Trade in Deals Totaling Over $350 Mil
Two SoCal shopping centers, in Westlake Village and San Diego, traded hands in recent sales with a combined value of over $350 mil. Savills Studley’s National Retail Services Group represented the sellers in both deals. In t...
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• Simi Valley Production/Office Complex Trades in $11 Mil Deal
A unique, state-of-the-art production and entertainment facility and Class A office complex in Simi Valley has traded hands in a recent $11 mil deal. The property, located at 101 West Cochran St, was acquired by Los Angeles-b...
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