| Apartment Property in CA’s Kern County Sells for $68k per Unit
Desert Oasis Community, a 190-unit multifamily property in California’s Kern County, was acquired for $13 mil ($68.4k/unit) by Pro Residential Services Inc. The property is located at 238 N Gold Canyon St in Ridgecrest, a SoC...
| Kennedy Wilson to Master Develop Mixed-Unit Community in Partnership with California State University Channel Islands
Kennedy Wilson has inked a long-term ground lease for a 32-acre parcel in Camarillo, owned by California State University Channel Islands (CSUCI), and unveiled plans for a new, 589-unit mixed-residential community.
| Agoura Hills Office Asset Trades for $18.5 Mil
Platinum Court, a 100k sf, two-building suburban office center located in Agoura Hills, sold for $18.5 mil, which equates to $185/sf. Located 35 miles northwest of Downtown Los Angeles, Platinum Court benefits from easy acces...
| The Platform in Santa Barbara Sells for $420/sf
The Platform, a 33.1k sf, multi-tenant office and industrial project in Santa Barbara, traded for $13.9 mil, or $420/sf. The property is located at 126 East Haley St and 417 Santa Barbara St, a few blocks from State St and th...
| Foley Entertainment Group is Welcomed to the Hotel Californian
Foley Entertainment Group has purchased the Hotel Californian, a 121-room hotel property in Santa Barbara, just a block from the waterfront. The hotel, which includes 21k sf of retail and restaurant space, occupies three corn...
| New San Luis Obispo Res Community Purchased by IDEAL Capital Group for $51 Mil
Vintage at SLO, a 105-unit multifamily community in San Luis Obispo, was acquired by CA-based real estate investment firm IDEAL Capital Group for $51 mil, or $485.7k/unit. The property was sold by a joint venture between Caps...
| Amstar and Searles Property Group Spend $80 Mil on Conejo Valley Office Complex
Amstar and Searles Property Group teamed up in the purchase of Westlake Park Place, a five-building, 239k sf office campus in Westlake Village, for $80.8 mil ($338/sf).
Delivered in 2008, Westlake Park Place is among the ne...
| Westcore Nabs 117k sf Warehouse Building in Camarillo
Westcore has acquired a 117.3k sf warehouse building in Camarillo for $20 mil ($170/sf). The property, located at 201 Flynn Rd, was sold by SoCal-based Decker-Goetsch Properties.
The highly functional industrial building, w...
| Fresh Patch Gets a Fresh Distribution Facility in Oxnard
Fresh Patch purchased a 14.2k sf industrial building in Oxnard for $2.675 mil, or $188/sf. Fresh Patch, a manufacturer and distributor of one-of-a-kind pet products, including dirt-free real grass patches, was looking to expa...
| Stos Partners Buys Simi Valley Industrial Property
Stos Partners purchased a 125k sf, multi-tenant industrial property in Simi Valley for $20 mil ($160/sf) in an off-market transaction. The property, located at 2320-2380 Shasta Way, is 94% leased to a diverse base of several ...
| Meissner Filtration Products Buys 30k sf Ventura County Facility
Meissner Filtration Products Inc purchased a recently vacated, 30.9k sf office/flex building in Camarillo for $4.925 mil ($159/sf). The property is located at at 975 Flynn Rd, within the Flynn Road industrial area, which was ...
| Stream Realty Partners and QuadReal Property Group Start Work on 344k sf Industrial Complex in Simi Valley
Stream Realty Partners and joint-venture partner QuadReal Property Group are set to commence construction on Tapo Canyon Commerce Center, a fully entitled, 344k sf five-building industrial complex in Simi Valley. The project ...
| Ventura County Multifamily and Industrial Markets Enjoying Strong Demand While Office and Retail Markets are Struggling
This report was provided by NAI Capital
A year into the pandemic, Ventura County commercial real estate markets continued to diverge. Vacant multifamily housing units and industrial space declined by double digits over the p...
| Majestic Asset Management Buys 66k sf R&D/Industrial Campus in Goleta
A three-building, 66.4k sf, office/R&D/industrial campus in Goleta was recently purchased in an off-market transaction by Majestic Asset Management. The asset was part of a portfolio of commercial properties managed by The To...
| IMT Capital LLC Buys 10-Acre Dev Site in Thousand Oaks
IMT Capital LLC purchased a 10+ acre, 440k sf development site in Thousand Oaks. Located at 339 Hampshire Rd, the property has a corner location with accessibility from U.S. Highway 101.
IMT Capital plans to convert the site...
| Thousand Oaks Lease by Karting Operator Speeds Up Industrial Activity in the Conejo Valley
K1 Speed, the world’s largest electric indoor karting operator, inked a 10-year, $7.5 mil lease for a 50k sf ($1.25/sf/mo) industrial building in Thousand Oaks. The one-story structure is located at 770 Lawrence, north of the...
| University of California, Santa Barbara Starts Work on $78 Mil Classroom Building
C.W. Driver Companies, a premier builder that celebrated its 100-year anniversary in 2019, today broke ground on the construction of a new four-story classroom building at the
The University of California, Santa Barbara (UC...
| Single-Tenant Property in Camarillo Gets New Owner in $6.5 Mil Deal
A 40k sf, single-tenant property in Camarillo sold for $6.5 mil ($162.50/sf). The property, situated on 2.12 acres at 1040 Avenida Acaso, is leased to Infab Intermediate Holdings LLC, a manufacturer and worldwide distributor ...
| Simi Valley Industrial Facility Traded for Just Under $6 Mil
A SoCal-based investor acquired a two-story, 30.8k sf Class A industrial property in Simi Valley for $5.9 mil ($192/sf) in a sale/leaseback deal.
The property is located on 1.47 acres at 2250 Agate Court, west of First St a...
| Former Retail Anchor Building in Santa Barbara is being Repositioned as Office Space
Pacific Retail Capital Partners is repositioning a former Macy’s anchor building at its Paseo Nuevo Shopping Center in Santa Barbara as office space. The structure, located at 701 State St, has been named the Ortega Building....