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.
June 2, 1998 |
The last two buildings available at Mission Oaks Business Park in Camarillo have been sold to Avia-Dynamics Corp, a manufacturer of airborne electronics. The buildings at 350 and 360 Cortez Circle are 8,048 and 9,408 square feet. CB Richard Ellis represented seller Pardee Construction Co. in the transaction. Avia-Dynamics Corp., which had been located in Moorpark, was represented by Realty Executives-Commercial in Valencia.
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%.
September 1, 1998 |
Developers with the Sares-Regis Group are feeling pretty good about the commercial real estate market in western Ventura County. They are feeling so good that they are willing to start building office space now, and worry about finding tenants later. In a show of such faith, the Irvine-based company broke ground in Oxnard last week on the first speculative commercial venture west of the Conejo Grade in about 10 years.
October 2, 1990 |
It was the open spaces that lured Jack Gilbert to Ventura County, where TOLD Corp., his Oxnard-based real estate company, started in the early 1970s building office parks in bean fields, then often watched other businesses stream into the area. But people who watch the commercial real estate market in Ventura County these days have their minds on a different kind of open space: empty offices in the region, signaling a slowing demand for the space by area businesses.