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• Majestic Asset Management Closes $50 Mil Industrial Campus Buy in Goleta
3/21/22
Majestic Asset Management purchased a six-building, 194.6k sf industrial / R&D campus on 11.9 acres in Goleta for $50.7 mil ($260.50/sf) in in an off-market transaction. The asset was part of a portfolio of commercial propert...
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• Amazon-Occupied Facility in Ventura County Sells for $50 Mil
3/14/22
A 202.4k sf distribution center in the city of Moorpark , sold for $50.7 mil, or $250/sf. The facility, located at 6000 Condor Dr, is 100% leased to Amazon.
The distribution center, situated in proximity to U.S. Route 101 an...
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• Aquastar Pool Products Inc Buys 83k sf Industrial Facility in Ventura
2/14/22
Aquastar Pool Products Inc acquired an 83.4k sf industrial building in Ventura for $11.05 mil, or $132 per square foot. The property, located at 4544 McGrath St, was sold by Pacific Prime Properties.
The property was built i...
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• Dedeaux Properties Acquires 12 Acres within Tejon Ranch Commerce Center
2/11/22
Dedeaux Properties has acquired a 12-acre land parcel entitled for up to 250k sf of industrial development within the Tejon Ranch Commerce Center (TRCC) in Kern County’s Tejon Ranch, approximately 75 miles north of Downtown L...
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• Ventura Office Campus Trades for $24.3 Mil
12/15/21
Buenaventura Financial Center, a four-building, 162.7k sf garden-style office campus in Ventura, was purchased by a Los Angeles-based private investor for $24.3 mil ($149/sf). The property sits on 7.7 acres at 255, 260, 290 a...
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• CGI+ Real Estate Strategies Wraps Up $50 Mil Multifamily Buy in Oxnard
11/23/21
CGI+ Real Estate Strategies acquired Alturas, a 170-unit multifamily community located in Oxnard, for $50.7 mil ($298k/unit) in an off-market transaction. The deal represents CGI’s second suburban purchase in the last 11 mont...
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• Stream Realty Partners and QuadReal Property Group Break Ground on 344k sf Simi Valley Industrial Project
11/04/21
Stream Realty Partners and joint-venture partner QuadReal Property Group have broken ground on Tapo Canyon Commerce Center, a five-building, 344k sf Class A industrial complex located at 1800 Tapo Canyon Dr in Simi Valley.
“...
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• Two Oxnard Industrial Properties Trade in Deals Worth Over $15 Mil
11/03/21
Two industrial buildings totaling 108.6k sf in Oxnard sold in separate transactions for a combined price of $15.7 mil. Both buildings are in key warehouse/distribution West Ventura County locations.
In one of the deals, RKN ...
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• Commercial Financing Briefs
11/02/21
CBRE - Bill Chiles, Scott Peterson and Morgon Fraser of CBRE’s debt and structured finance arranged a $47.6 mil loan for the construction of Geo Queen Anne, a 168-unit multifamily community in Seattle, on behalf of the owner ...
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• Apartment Property in CA’s Kern County Sells for $68k per Unit
10/27/21
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...
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• Kennedy Wilson to Master Develop Mixed-Unit Community in Partnership with California State University Channel Islands
10/18/21
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.
Kennedy W...
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• Agoura Hills Office Asset Trades for $18.5 Mil
9/23/21
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...
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• The Platform in Santa Barbara Sells for $420/sf
9/17/21
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...
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• Foley Entertainment Group is Welcomed to the Hotel Californian
9/15/21
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...
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• New San Luis Obispo Res Community Purchased by IDEAL Capital Group for $51 Mil
8/10/21
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...
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• Amstar and Searles Property Group Spend $80 Mil on Conejo Valley Office Complex
7/27/21
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...
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• Westcore Nabs 117k sf Warehouse Building in Camarillo
7/26/21
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...
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• Fresh Patch Gets a Fresh Distribution Facility in Oxnard
7/20/21
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...
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• Stos Partners Buys Simi Valley Industrial Property
7/12/21
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 ...
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• Meissner Filtration Products Buys 30k sf Ventura County Facility
6/16/21
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 ...
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