| Westlake Village Smart & Final Sells for $22.5 Mil
A 50.2k sf, NNN-leased Smart & Final grocery store in Westlake Village sold for $22.525 mil, or $448/sf. The asset is located within the Westlake Village Marketplace shopping center, across the street from Westlake Business P...
| Local Investor Spends Over $2 Mil on Ventura Office Building
A local private investor paid $2.05 mil for a 7.3k sf office building in Ventura. The property, located at 4591 Market St, ws sold by County Schools Federal Credit Union (CSFCU) who also currently occupies the property.
| GSA Leases an 18k sf Office Building in Camarillo
The federal government’s General Services Administration agency recently inked a lease for an 18k sf office building in Camarillo. The 15-year deal has a total value of $10.7 mil, which works out to around $3.30/sf/mo.
| Camarillo Office Building Purchased for $9.9 Mil
A Los Angeles-based private investor bought a 41.3k sf, fully leased office building in Camarillo for $9.9 mil ($240/sf) as part of a 1031 exchange. Approximately 85% of the property is leased by a government-backed tenant.
| Simi Valley Office Building Sells for $30 Mil
Top Terraces Inc paid $30 mil for a 206.9k sf ($145/sf) office building in Simi Valley. The property is 100% net-leased to Bank of America N.A.
Situated on over 12.5 acres, the two-story building, located at 450 America St,...
| Majestic Asset Management Closes $13 Mil Office Buy in Goleta
Majestic Asset Management Inc recently purchased 120 Cremona Drive, a 58k sf, multi-tenant office/R&D building in Goleta, for $13.125 mil in an off-market transaction. The seller was EastGroup Properties.
Centrally located ...
| London Entity Buys Santa Barbara Creative Office Property
A 48.6k sf, single-tenant creative office building in Santa Barbara was acquired by London-based commercial real estate investment firm Global Mutual. The price was not given out.
Located at 1001 State St, the building was o...
| Westlake Village Office Building Trades Hands
A 45.5k sf office building in Westlake Village was acquired by a private investor in a recent, off-market transaction. The building, located at 4360 Park Terrace Dr, is part of a beautifully landscaped, master planned develo...
| Presidio Residential Capital to Develop 296-Unit Res Neighborhood in SLO’s San Luis Ranch Area
Presidio Residential Capital plans to develop a multifamily neighborhood called The Orchard in the highly anticipated San Luis Ranch mixed-use development in southwest San Luis Obispo. The community will consist of three proj...
| Two CA 7-Eleven Properties Trade in Deals Totaling $3.5 Mil
Two 7-Eleven investment properties in California sold in separate transactions totaling $3.45 mil. The deals include a single-tenant 7-Eleven in Santa Maria and a two-tenant 7-Eleven property in Fresno.
The single-tenant, 2...
| Raintree Partners Buys SoCal Multifamily Portfolio for $142 Mil
Raintree Partners closed on the acquisition of the LAVVA Portfolio (Los Angeles & Ventura Value Add Portfolio) in a $142 mil transaction. The sale, consisting of five properties totaling 551 units in Canoga Park, Camarillo, ...
| MG Properties Group and Rockwood Capital Close $96 Mil Multifamily Buy in Camarillo
MG Properties Group and Rockwood Capital have acquired Las Positas Apartment Homes, a 213-unit multifamily community in Camarillo, for $95.75 mil, or about $450k/unit. The property, located at 352 Townsite Promenade, was sold...
| New Santa Maria Res Community Opens Its Doors
Azure, a luxury garden-style apartment community in Santa Maria, has been completed and is now open to the public. The project, a development of MBK Rental Living, is comprised of 318 studio and one-, two-, and three-bedroom ...
| Majestic Asset Management Buys Goleta Office Campus
Majestic Asset Management has acquired a 175.2k sf, office campus in Goleta in an off-market transaction. The asset was purchased all-cash with an escrow of approximately two weeks. The closing price was not disclosed.
| NoCal Investor Spends $22 Mil on Bakersfield Multifamily Property
Pine Brook Apartments, a 240-unit apartment community in Bakersfield, was purchased by a NoCal-based private capital investor for $22 mil, or $92k/unit. Built in 1971, Pine Brook Apartments sits on just over nine acres at 500...
| LifeStance Health Inks Nine Leases in the L.A. Area Deals total over 44k sf
LifeStance Health Inc, a national outpatient behavioral health clinic, has signed eight new office leases and one expansion across the Greater Los Angeles area in the past year. The deals total 44.5k sf of space.
The leases ...
| Pacific Heritage Communities Locks Up $54 Mil in Permanent Financing on New Ventura Res Community
Pacific Heritage Communities has secured a $54 mil permanent loan on Parklands Apartments, a newly completed 173- unit multifamily community in the city of Ventura.
Located at 10940 Bajo Rd, at Telegraph Rd, a few blocks fro...
| Jinushi USA Inc Buys 62k sf Lompoc Property from MAG Capital Partners
Jinushi USA Inc bought a 62.5k sf retail property in the SoCal city of Lompoc. Jinushi is a real estate investment trust listed on the Tokyo Stock Exchange as Nippon Commercial Development Co Ltd.
The property, located at 16...
| Volkswagen’s Oxnard Engineering Campus is Completed
Development of Oxnard Engineering Campus (OEC), a 150k sf campus on nine acres of land in Oxnard that is fully occupied by Volkswagen Group of America Inc (VWGoA), has been completed. The project was developed by BLT Enterpri...
| Industrial Building in Goleta Biz Campus Picked Up by Private Investor
A private investor purchased an 11.2k sf industrial building on a 1.02-acre parcel in Goleta in an off-market transaction. The price was not disclosed.
The facility, located at 5511 Ekwill St, off of Ward Dr, is the second ...