December 17, 1996 |
Westlake Spectrum, a 61,000-square-foot, three-building complex in Westlake Village, has been sold to an investor group for $6.75 million. The complex was purchased from Weyerhaeuser Financial Investment Group by William Wilson & Associates, according to Michael Slater of CB Commercial, who handled the transaction. Located at 4333-4337 Park Terrace Ave., the center features 30,000 square feet in two equal-size, single-story structures and 31,000 square feet in a third, two-story building.
February 6, 1996 |
Three Ventura County office buildings have reached 100% occupancy, thanks to the signing of several new tenants. One of the structures, the six-story 1000 Town Center Drive building in Oxnard, leased its last available 3,200 square feet to State Farm Insurance Co. The insurance firm took a three-year lease, according to William Kiefer of Capital Commercial Real Estate. Also filled to capacity is a 30,000-square-foot building at 80 Woods Road in Camarillo. New tenants are ERI Corp.
May 24, 1994 |
The new owner of the long-troubled 1000 Town Center office building in Oxnard has leased nearly half of the 110,000-square-foot structure to the parent company of the Kinko's copying chain. The long-term lease is valued at about $5 million, close to the $5.1 million that Bedford Property Investors Inc., a Northern California real estate investment trust, paid last December when it purchased the modern green glass building from Citicorp.
January 11, 1994 |
A buyer has finally been found for 1000 Town Center Drive, the green glass office building in Oxnard that has been on the market for two years. Bedford Property Investors Inc., a real estate investment trust based in Lafayette, Calif., has purchased the six-story structure from Citicorp for $5.1 million. The building adjoining the Ventura Freeway was completed in 1991 at an estimated cost of $17 million. Only about 40% of its 110,000 square feet of space is occupied. Citicorp turned down a $6.
November 9, 1993 |
Commercial real estate vacancies in the Conejo Valley have been decreasing steadily and are at their lowest levels in two years, according to a study by Westcord/Westoaks Commercial Group of Westlake Village. Office vacancies in the valley, bounded by the Calabasas and Conejo grades, stand at 14%, with unoccupied industrial space at 12% and retail vacancies at 8%.
May 26, 1992 |
North Coast Executive Center, the Oxnard office building with a curved, green-glass facade, failed to attract a successful bidder at a nationwide auction of commercial real estate. The highest bid made Thursday for the six-story structure adjoining the Ventura Freeway was $6.5 million, according to a source at Grubb & Ellis Commercial Real Estate Services, the building's leasing agent and an organizer of the auction.