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• Thousand Oaks Retail Center Undergoing a Major Renovation
5/12/15
Oakbrook Shopping Center is moving forward with a façade renovation as part of a multimillion dollar revitalization of the 34-year-old, 89k sf grocery-anchored center. Improvements at the center, located on the corner of Erbe...
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• Oxnard Live/Work Complex Sells for Just Under $3 Mil
5/08/15
Oxnard Art Lofts, a 25.6k sf, live / work complex located in Oxnard, recently traded hands at a price of $2.95 mil. Zoned for industrial manufacturing and professional office space uses, Oxnard Art Lofts was designed to have...
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• Champion Real Estate Closes $55 Mil, 164-Unit Oxnard Apartment Buy
5/07/15
Champion Real Estate has acquired The Vines, a Class A, 164-unit multifamily property in Oxnard, for $55.5 mil ($339k/unit). The asset is part of RiverPark, a master-planned community located at 3040 N. Oxnard Blvd, on the no...
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• Chinese Pharmaceutical Manufacturer Buys Thousand Oaks Facility
5/01/15
An 88.1k sf flex/industrial building in Thousand Oaks has been purchased by Herri Holdings Corporation, a China-based pharmaceutical manufacturer, in a transaction valued at $9.89 mil ($112/sf). The building, located at 2300 ...
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• Draftsmen & Craftsmen
4/30/15
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
4/21/15
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
4/02/15
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
3/19/15
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
3/13/15
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...
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• Pacific Beverage Acquires Seven Acres in Goleta for Development of a New, 100k sf Distribution Center
2/05/15
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
1/27/15
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
1/15/15
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
1/09/15
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
1/06/15
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
12/16/14
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
12/16/14
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
12/12/14
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
12/10/14
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
12/08/14
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
12/01/14
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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