Return of Gold’s Gym has ex-members pumped
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Largest industrial building in Thousand Oaks sells for $37 million
The largest industrial building in Thousand Oaks was sold for $37 million, according to CBRE. Van Nuys-based real estate company Majestic Asset Management purchased the fully leased property at 1461-1475 Lawrence Drive from Austin, Texas-based Western National Life Insurance Co., a subsidiary of AIG. Majestic secured a $26.6 million balance sheet loan for the deal, Read More →
Industrial project breaks ground in Simi Valley
Updated on Sept. 13 at noon: A 141,000-square-foot industrial project broke ground in Simi Valley. The four-building property coined The Point at the Simi Valley Business Center can accommodate companies looking for 30,000 to 42,000 square feet of Class A industrial space. Construction is scheduled for an April 2017 completion. “Initial interest has been strong, Read More →
Industrial space vacancies remain low in Tri-Counties
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Former Raytheon property in Goleta sells for $2.8M
Once home to aerospace and defense firm Raytheon, the industrial building at 5756 Thornwood Drive in Goleta has new owners, and improvements are on the way.
Camarillo industrial buildings sell for $54.5M
A $54.5 million deal for two industrial buildings in Camarillo is one of the biggest transactions to hit the South Coast real estate market this year. The Mission Oaks Corporate Center, home to Deckers and Addison Behavioral Resources warehouses, was recently sold by a joint venture between Rexford Industrial and Dune Real Estate Partners to Read More →
Teledyne revenues dip as profits, outlook rise
Though Thousand Oaks-based conglomerate Teledyne missed its revenue mark for the second quarter, profits jumped 30 percent compared to a year prior, beating analysts estimates. The company also boosted its full-year profit outlook.
