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Conejo Spectrum

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BUSINESS
November 14, 2000 | BOB HOWARD
Three tenants signed leases valued at more than $39 million for 410,000 square feet of office and industrial space at the Conejo Spectrum, a 100-acre business park under development by Los Angeles- based Investment Development Services at Rancho Conejo Boulevard and Lawrence Drive in Newbury Park.
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BUSINESS
May 21, 2002 | Times Staff Writer
Sacramento-based Panattoni Development Co. has purchased the last available lots at the 100-acre Conejo Spectrum in Thousand Oaks and plans to build 100,000 square feet of manufacturing space in the business park. Panattoni plans to start construction on two separate buildings of 75,000 square feet and 35,000 square feet during the fourth quarter. The value of the six-acre project is estimated at $10 million.
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BUSINESS
May 21, 2002 | Times Staff Writer
Sacramento-based Panattoni Development Co. has purchased the last available lots at the 100-acre Conejo Spectrum in Thousand Oaks and plans to build 100,000 square feet of manufacturing space in the business park. Panattoni plans to start construction on two separate buildings of 75,000 square feet and 35,000 square feet during the fourth quarter. The value of the six-acre project is estimated at $10 million.
BUSINESS
November 14, 2000 | BOB HOWARD
Three tenants signed leases valued at more than $39 million for 410,000 square feet of office and industrial space at the Conejo Spectrum, a 100-acre business park under development by Los Angeles- based Investment Development Services at Rancho Conejo Boulevard and Lawrence Drive in Newbury Park.
BUSINESS
February 1, 2000 | BRAD BERTON, SPECIAL TO THE TIMES
Xircom Inc. will become the first tenant at the long-idled former Northrop Grumman Corp. manufacturing complex in Thousand Oaks. The mobile networking company will relocate its corporate headquarters from a trio of cramped nearby facilities to a pair of custom-built 100,000-square-foot buildings at the 100-acre property, now known as the Conejo Spectrum.
BUSINESS
July 25, 2000 | BRAD BERTON, SPECIAL TO THE TIMES
A pair of adjacent, long-idled Conejo Valley aerospace plants are springing back to life as technology-oriented business parks. The new owners of the 100-acre former Northrop Grumman Corp. plant in Thousand Oaks just signed international telecom giant Alcatel to a $10-million lease for 200,000 square feet at one of the property's remodeled industrial buildings. That deal was done just as the property owners broke ground last week on mobile networking specialist Xircom Inc.'
CALIFORNIA | LOCAL
February 28, 2000 | JOSH KARP
Health Net, one of the state's top four health-care providers, is considering relocating to Thousand Oaks, according to a city official. The company, whose eight-year lease at Warner Center in Woodland Hills expires at the end of the year, has listed Thousand Oaks among its six finalists for relocation, said Gary Wartik, the city's manager of economic development.
CALIFORNIA | LOCAL
August 3, 1999 | COLL METCALFE, TIMES STAFF WRITER
Accommodating growth in a county where growth is less than welcome has presented cities with a vexing problem: how to develop their economies with less available land. In Thousand Oaks, which is nearing 100% build-out, the answer is in redevelopment projects like the one underway at the old Northrop-Grumman site on Rancho Conejo Boulevard.
BUSINESS
November 3, 1998
A former Northrop Grumman manufacturing complex in Newbury Park will be transformed into a business center intended to serve technology and biomedical firms. Investment Development Services of Los Angeles will redevelop the 100-acre site into a $50-million business campus to be called the Conejo Spectrum. The site has been vacant since the late 1980s. It was previously used for various aerospace-related projects.
BUSINESS
May 22, 2001
Law firm McCutchen, Doyle, Brown & Enersen renewed its lease and expanded its space by one-half to occupy a total of 76,470 square feet in KPMG Tower at 355 S. Grand Ave. in Los Angeles. The 10-year lease is valued at approximately $25 million. Clay W. Hammerstein and Stephen L. Bay of Insignia/ESG represented the tenant. Landlord Maguire Partners was represented in-house by Tony Morales and Pat McRoskey. Regent Properties Inc.
CALIFORNIA | LOCAL
September 21, 2000 | MARGARET TALEV, TIMES STAFF WRITER
Two business parks under development on former aerospace plant sites in Thousand Oaks are strong indicators that Ventura County is achieving critical mass as a high-tech destination, economic experts say. Conejo Spectrum, the larger of the two projects, is under construction on 100 acres. Part rehabilitation, part new construction, the project will add 1 million square feet of industrial and office space needed in a city running out of such real estate.
BUSINESS
August 7, 2001
Miller Bros. Acquisitions of Calabasas purchased a 137,762-square-foot office building at 30700 Russell Ranch Road in Westlake Village for $27.2 million from Los Angeles-based Westlake North Associates, a partnership of Investment Development Services and Kennedy Associates. Kevin Shannon, Jim Lindvall and Tom Festa of Grubb & Ellis represented the buyer and the seller.
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