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February 21, 2024
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• Draftsmen & Craftsmen
Kern County has selected Balfour Beatty Construction to design and construct a new $100.5 mil addition to the Kern County Justice Facility located in Bakersfield. The 215k sf facility is expected to create 350 to 400 jobs for...
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• Development of 1 msf, Ind Build-to-Suit Facility Completed in Shafter, CA
Roll Real Estate Development LLC has completed development of a 1 msf build-to-suit industrial facility for American Tire Distributors Inc. The Paramount Logistics Park location is a 1,625-acre, rail-served industrial develop...
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• Private Investors Spend $27 Mil in Two SoCal Shopping Center Buys
Two SoCal shopping centers traded hands in separate transactions that totaled nearly $27 mil. The properties, Vineyard Plaza in Oxnard and Palmdale Promenade in Palmdale, demonstrate investors' continued appetite for well-loc...
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• Sustainable Workforce Housing Project Started in San Luis Obispo
ROEM Corporation and HASLO (Housing Authority of San Luis Obispo) have just broken ground on South Street Family Apartments, a sustainable apartment community for workforce families in the city of San Luis Obispo. The project...
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• Santa Maria Res PropertyTrades in Recent Investment Buy
Carmen Apartments, a 128-unit apartment complex in Santa Maria, sold for $15.65 mil ($122.3k/unit) in a recent investment buy. The garden-style apartment complex is located at 201 Carmen Lane, west of Broadway and north of Be...
Price: $4.99
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• Pacific Beverage Acquires Seven Acres in Goleta for Development of a New, 100k sf Distribution Center
Pacific Beverage recently paid $10.6 mil for seven acres of land at Cabrillo Business Park in Santa Barbara County on which the company is planning to build a 102k sf regional distribution center. The company distributes pre...
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• Santa Barbara Retail Center Fetches $649/sf
An LA-based real estate investment entity paid $12.2 mil for Carrillo Plaza, an 18.8k sf ($649/sf), urban shopping center in downtown Santa Barbara. The property, located at 210 W. Carrillo Blvd, was sold by locally based Car...
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• Camarillo Retail Asset Sells for $550/sf
The Shops at Camarillo Town Center, an 8k sf retail center in the Ventura County city of Camarillo, sold for $4.4 mil ($550/sf). Built in 2002, the property is located at 415 W. Ventura Blvd, at the southwest corner of the 10...
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• Majestic Asset Management-Led Venture Pays $13 Mil for Thousand Oaks Biz Park
Townsgate Business Center, a 73.9k sf business park in Thousand Oaks, sold for $13 mil, or about $176/sf. It was purchased by Majestic Asset Management, Inc. and JS/JS Properties, Inc. The asset is situated on five acres at 2...
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• Local Citrus Brokerage Outfit Buys Final Two Units at Bakersfield Medical/Office Project
The Reeds purchased the last two remaining units at the Meridian Professional Center, a 63.8k sf, medical/office complex in Bakersfield. The 11-building project was developed and sold by Meridian Property Company. The Reeds,...
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• Simi Valley Production/Entertainment/Office Facility Listed for Sale
We’ve learned of a unique, state-of-the-art production and entertainment facility and Class A office complex in Simi Valley that has been listed for sale. The property is the Adventist Media Center, located at 101 West Cochra...
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• Latest Leases Bring Ventura Gateway Power Center to Fully Leased
Ventura Gateway, a 275k sf power center in the city of Ventura, is now fully leased after the signing of two tenants for the final 3.2k sf of space. Go Wireless and Planet Beauty are the latest retailers to ink deals at the c...
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• Rexford Industrial Realty Closes $39 Mil Portfolio Buy
Rexford Industrial Realty Inc recently wrapped up the acquisition of a five-property industrial portfolio in Ventura County. The properties, containing a combined 408.2k sf of space, sold for $38.7 mil, or approximately $95/s...
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• CBRE Arranges $33 Mil in Construction Money for Ventura Res Project
CBRE Capital Markets’ Debt & Structured Finance team has secured a $33.1 mil construction loan for Parklands Apartments, a 173-unit, Class A apartment development in Ventura. The borrower is BAJO Ventura LLC, an entity owne...
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• Gym Chain Inks Lease for 20k sf Location in the Conejo Valley
In a recent retail lease comp from the Conejo Valley, Fitness 19 inked a 10-year deal for 19.7k sf of space at Camarillo Plaza, a 74.1k sf shopping center in Camarillo. The deal value was not given out. Located on the northe...
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• Conejo Valley Industrial Sale Tops $54 Mil
We’ve learned of a major industrial property sale in the Conejo Valley city of Camarillo as Mission Oaks Corporate Center, a two-building, 732.6k sf complex, sold for $54.5 mil, or $74 per square foot. The buildings were sold...
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• Walls Tilted on Ventura County Industrial Development
In development news out of Ventura County, the walls were just tilted on a 92.7k sf industrial building under construction in Camarillo. The project, called Camarillo Airport Business Center, is the only industrial building c...
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• CBRE Arranges $30 Mil in Construction Money for Ventura Res Development
Ventura Heritage Corp has obtained a $30.6 mil construction loan for Island View Apartments, a 154-unit, Class A apartment development in Ventura. Construction of the development, which is located at Victoria Ave and 8th St i...
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• Barker Pacific Group and Rockwood Capital Acquire Westlake Village Office Project
A joint venture between Barker Pacific Group (BPG) and Rockwood Capital has purchased Westlake Spectrum, a two-building Class A office project situated in the Conejo Valley city of Westlake Village. The property was sold by T...
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• Three SoCal Marriott Hotels Sold Out of Receivership
Three Marriott hotel properties in Thousand Oaks and San Luis Obispo just sold, in transactions that completed the disposition of a five-hotel portfolio. The properties were transferred in receivership sales handled by San Di...
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