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• Cypress West Partners Buys 55k sf Medical Office Property in Bakersfield
6/05/17
Cypress West Partners has acquired Riverwalk Medical Plaza, a 54.9k sf, campus-adjacent medical office building in Bakersfield. The Southern California-based healthcare investment, leasing and property management firm acquire...
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• Dynamic Development Lands $25 Mil in Construction Money for Santa Maria Res Project
5/25/17
Dynamic Development Company has landed a $25.3 mil loan to start ground-up construction of the Refugio Townhome Apartments, a 125-unit residential project in Santa Maria. The loan was provided by Canyon Partners Real Estate L...
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• Gelt Inc Forms New Mobile Home Venture
5/18/17
Gelt Inc has formed a new business venture, Happy Home Communities (HHC), which will focus exclusively on the acquisition and management of mobile home and RV resorts throughout the Western United States. HHC will be led by E...
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• Rexford Industrial Realty Buys One SoCal Industrial Asset and Sells Another
5/02/17
Rexford Industrial Realty has purchased one industrial property for $16.5 mil, while selling another for $6.9 mil. Proceeds from the disposition and borrowings under the company's line of credit were used to fund the acquisit...
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• Bakersfield Starbucks Sells for $1,432/sf
4/19/17
A newly-constructed, single-tenant corporate Starbucks with a drive-thru located in Bakersfield has sold for $2.65 mil, which works out to a price of $1,432/sf. According to CoStar, this sale achieved a record low cap rate of...
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• Commercial Real Estate Financing Briefs
4/19/17
PSRS -- Mike Thorp with Pacific Southwest Realty Services arranged an $80 mil loan for a 266-unit walk‐up apartment project near Santa Barbara. The luxury, Class A complex sits on a 13.7-acre lot and includes 18 buildin...
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• Investor Buys Oxnard Site for Spec Distribution Project
4/17/17
E&E Trust recently acquired a 3.84-acre land parcel within the McInnes Ranch Business Park in Oxnard for development of a spec distribution facility. The land parcel is located at 500 North Elevar St, on the corner of Elevar ...
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• Bakersfield Industrial Portfolio Traded in $24 Mil Deal
4/03/17
An unnamed SoCal investor in a 1031 exchange has purchased a multi-tenant industrial portfolio in Bakersfield for $24.1 mil. The six buildings, totaling 526k sf ($46/sf) of space, were sold by Adler Realty Investments Inc.
A...
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• Ventura County Industrial Property Trades for $114/sf
3/16/17
In a recent industrial sale comp out of Ventura County, a 113k sf, two-story building in Camarillo was acquired by a private investor for $12.875 mil, or $114/sf. The property is located at 750 W. Ventura Blvd, west of Las Po...
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• Ventura County Industrial Buy Financed with $19 Mil in Owner/User Money
2/28/17
Continental Partners has arranged $19.2 mil in owner-user financing for a 256k sf industrial property located at 709 Science Drive in Moorpark, within the Ventura County market. The financing consists of a $13.7 mil first tru...
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• Res Property Along Oxnard Beach Sells for Over $22 Mil
2/20/17
Paz Mar Select, a 90-unit, waterfront multifamily property in Oxnard, sold in a recent $22.25 mil ($247k/unit) transaction. Built in 1971, the property is located at 4220 S. Harbor Blvd, south of Wooley Rd by Oxnard Beach.
R...
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• Bakersfield Regional Shopping Center to Undergo a Complete Renovation
1/20/17
Local developers C & C Properties Inc and MarkChris Investments intend to renovate East Hills Mall, a 414k sf regional shopping center in Bakersfield that they just acquired in December of 2016. Built in 1988 on 36.4 acres, E...
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• Investor Pays Over $8 Mil for Santa Barbara Office/Industrial Asset
1/13/17
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
1/06/17
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
12/21/16
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
11/28/16
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
11/18/16
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
10/28/16
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
10/19/16
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
10/05/16
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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