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• Younan Properties Buys Simi Valley Office Property from Rexford Industrial
4/04/14
A 63.6k sf, Class A office property in Simi Valley recently sold for $4.4 mil, or $69/sf. The vacant building, located at 2900 N. Madera Rd, north of the 118 Fwy at the western edge of the city, was sold by Rexford Industrial...
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• Pacific Southwest Realty Services Arranges $11.5 Mil Refi Loan on Three Westlake Village Office Buildings
3/18/14
Ted Willis of Pacific Southwest Realty Services’ Los Angeles office has arranged an $11.5 mil refi loan secured by three office buildings located on two properties in Westlake Village, CA. The buildings, known as The Courtyar...
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• Santa Barbara Apartment Asset Sells for $33 Mil
3/11/14
Harbor Heights Manor, a 97-unit apartment complex in Santa Barbara, traded hands at a price of $33 mil, or $340k/unit. We’re told that the transaction marks the largest sale of a multifamily property ever recorded in the city...
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• Portfolio of Five SoCal Hotels Put on the Market
3/07/14
San Diego-based Trigild has listed for sale a portfolio of five SoCal, franchised hotels in Valencia, Thousand Oaks and San Luis Obispo. The portfolio has an estimated value of $100 mil.
Trigild has tapped Irvine-based Atlas...
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• Two Single-Tenant, SoCal Properties Sell in Pricey All-Cash Deals
2/06/14
Two single-tenant, net-leased properties in Southern California were acquired by all-cash buyers in recent transactions that commanded impressive prices. The deals occurred on the island of Coronado and in Santa Barbara.
The...
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• Santa Barbara and Ventura County Apartment Sales Total $33 Mil
1/29/14
Two multifamily properties were sold in the Santa Barbara/Ventura County markets at the end of 2013 in separate deals totaling $33.25 mil. Melinda Russell of CBRE’s Los Angeles North Multi-Housing group represented both the b...
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• Two Recent Leases at Camarillo Office Campus Worth $17.6 Mil
1/28/14
Two recent lease transactions at Camarillo Business Center in the Ventura County city of Camarillo total $17.6 mil in total value. The leases, by Gold Coast Health Plan and the GSA, were in separate buildings with different o...
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• David Josker Named to Head CBRE’s LA North Region
1/27/14
David Josker has been selected to lead CBRE’s Los Angeles North Region as Managing Director. The region includes more than 70 sales professionals in offices in Universal City and Ventura County, representing all CBRE lines o...
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• $4 Mil Industrial Sale Brings Naturally Aged Flooring to Simi Valley
1/15/14
Naturally Aged Flooring bought a 38.7k sf industrial facility in Simi Valley for $4 mil ($103/sf). The building is located at 2175 Agate Ct, west of 1st St between Los Angeles Ave the 118 Fwy.
Constructed in 1988, the buildi...
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• Trio of High-Profile Santa Barbara Properties Sold in Separate Deals Totaling $20 Mil
12/31/13
Three high-profile assets located in downtown Santa Barbara were recently sold for a combined total of $20 mil. The undisclosed seller acquired the properties within the last three years and implemented distinct, dynamic revi...
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• Draftsmen & Craftsmen
12/11/13
The Oxnard Unified School District (OUSD) has chosen LA-based Bernards to rebuild the Harrington Elementary School Campus. Designed by Dougherty & Dougherty, the new school will be built on play fields of the existing 8.3-acr...
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• HFF Arranges $9 Mil on Santa Maria Retail Property
12/06/13
HFF arranged $9 mil in financing for Santa Maria Commerce Center, a 65.9k sf neighborhood retail center in Santa Maria, CA. The new 10-year loan has a 4.81 percent fixed-rate loan that was funded through Wells Fargo Bank. Pr...
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• Investor Forks Over $17 Mil for Simi Valley Retail Center
12/03/13
Simi Valley shopping center, a 99.7k sf retail center in Simi Valley, sold for $16.9 mil ($170/sf). The buyer was Milan Capital Management, out of Anaheim.
Built in 1965 on 6.8 acres, the property is located at 1856 Erringer...
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• Camarillo Retail Center Sells Out of BK for $17.8 Mil
11/14/13
A Beverly Hills-based private investor has acquired Camarillo Plaza, a 74.1k sf community shopping center in the Ventura County city of Camarillo, for $17.75 mil ($240/sf). The property was purchased out of bankruptcy in a pr...
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• Barrister Executive Suites Opens New Center in Thousand Oaks
11/07/13
Barrister Executive Suites has just opened a new 11k sf business center in Thousand Oaks, located at 199 W. Hillcrest Dr. Fueled by an increasing demand for ready-to-use workspaces with flexible terms, Barrister is the first...
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• JB Matteson Completes $82 Mil SoCal Multifamily Buy
10/18/13
San Mateo-based JB Matteson Inc closed on an institutional-quality, SoCal multifamily buy, paying $82 mil for Vanoni Ranch Apartments, a 316-unit ($259.5k/unit) community in Ventura. The Class A asset is located at 10676 Vero...
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• Johnson Capital Team Able to Fillmore Joint Venture Equity Requirements for Ventura County Res Projects
9/18/13
Dennis Cisterna and Gabe Weinert, Senior Vice Presidents in Johnson Capital’s Los Angeles office, have arranged a $4.1 mil joint venture equity investment for the acquisition and development of a 45-lot residential subdivisio...
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• Venture West Arranges $17 Mil on Goleta Retail Asset
9/11/13
SoCal-based Venture West Funding has arranged a $17 mil loan for Fairview Shopping Center, a neighborhood shopping center in Goleta, CA. Fairview Shopping Center is located at the intersection of Fairview Ave and Calle Real....
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• Draftsmen & Craftsmen
8/30/13
Construction has begun on the renovation and addition to the Davidson Library at the University of California, Santa Barbara (UCSB). The project includes seismic upgrades, renovations and fire alarm and life safety system upg...
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• Restoration Work Completed on Historic Atascadero City Hall
8/26/13
Repair work on the historic City of Atascadero City Hall was just completed. The structure was severely damaged by the San Simeon earthquake in December of 2003, and subsequently red-tagged as uninhabitable. The work, which i...
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