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Oxnard Town Center

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REAL ESTATE
March 5, 1989
Ground has been broken for the initial phase of infrastructure improvements at Oxnard Town Center, a 4.4-million square-foot, $500-million mixed-use center in Ventura County. The 265-acre project by River Edge Development Co. is immediately adjacent to and north of the Ventura (101) Freeway at Pacific Coast Highway in Oxnard.
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CALIFORNIA | LOCAL
April 7, 1995 | MIGUEL BUSTILLO
The Oxnard City Council has approved plans to continue with foreclosure proceedings against the developers of the financially ailing Oxnard Town Center, adding $869,000 to the $7.7 million the city is already seeking. The $500-million, 265-acre project--located east of the Santa Clara River and north of the Ventura Freeway--was expected to be the largest office center in Ventura County when it was proposed in the mid-1980s. But the developer, the Solvang-based Oxnard Town Center Inc.
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REAL ESTATE
June 29, 1986 | Special to The Times
A unanimous decision by the Ventura County Local Agency Formation Commission to allow this city to annex 243 acres of unincorporated land between the Santa Clara River and the rural community of El Rio has opened the way for a $500-million development of 265 acres to be known as the Oxnard Town Center. The Robert P. Warmington Co.
CALIFORNIA | LOCAL
April 4, 1995 | J.E. MITCHELL
Citing an ever-mounting debt, Oxnard city officials are continuing their efforts to foreclose on the beleaguered Oxnard Town Center project. More than $7.7 million in unpaid interest has accrued on the 265-acre project, located on the edge of the Santa Clara River just east of the Ventura Freeway, since 1991, when developers stopped making payments on a city-issued $14.8-million bond.
CALIFORNIA | LOCAL
June 5, 1990 | GARY GORMAN
Traffic was backed up about nine miles on the northbound Ventura Freeway on Monday morning while surveyors prepared for improvement of the Wagon Wheel Road exit and entrance ramps. Workers are reducing the sharp curves of the ramps as part of the Oxnard Town Center development north of the interchange. Cars and trucks were backed up past Camarillo as the freeway's three lanes were funneled into one between 9 a.m. and noon.
CALIFORNIA | LOCAL
April 4, 1995 | J.E. MITCHELL
Citing an ever-mounting debt, Oxnard city officials are continuing their efforts to foreclose on the beleaguered Oxnard Town Center project. More than $7.7 million in unpaid interest has accrued on the 265-acre project, located on the edge of the Santa Clara River just east of the Ventura Freeway, since 1991, when developers stopped making payments on a city-issued $14.8-million bond.
CALIFORNIA | LOCAL
April 7, 1995 | MIGUEL BUSTILLO
The Oxnard City Council has approved plans to continue with foreclosure proceedings against the developers of the financially ailing Oxnard Town Center, adding $869,000 to the $7.7 million the city is already seeking. The $500-million, 265-acre project--located east of the Santa Clara River and north of the Ventura Freeway--was expected to be the largest office center in Ventura County when it was proposed in the mid-1980s. But the developer, the Solvang-based Oxnard Town Center Inc.
CALIFORNIA | LOCAL
February 23, 1994 | PATRICK McCARTNEY
The city of Oxnard will file a $4.4-million tax lien on the failed Oxnard Town Center to protect bondholders who helped fund $14.7 million in improvements. A portion of the proceeds from a foreclosure sale of the Town Center planned for June would pay off the delinquent bonds. The decision to file a lien, made Tuesday by the Oxnard City Council, comes nearly six years after the city agreed to provide municipal services to the center.
CALIFORNIA | LOCAL
January 8, 1992 | PATRICK McCARTNEY
The Oxnard City Council agreed Tuesday to begin foreclosure on eight undeveloped parcels at the Oxnard Town Center on which two Solvang development firms had stopped paying improvement taxes. The action will not affect four other parcels at the office development. River Edge Development Co. of Oxnard has constructed the only office building on the site so far. But the Santa Clara Development Ltd. and Oxnard Town Center limited partnership were unable to pay $1.
CALIFORNIA | LOCAL
March 20, 1994
On Feb. 23, you published an article about the city of Oxnard's intention to file a tax lien on the Oxnard Town Center. I was terribly disappointed to see that your paper chose to include photographs of our property, 1000 Town Center. This is very misleading. Bedford Property Investors recently purchased the building, all cash, and has reserved funds up front for any new leasing or capital improvements. All property taxes and bond assessments associated with the building are current.
BUSINESS
December 27, 1994 | Compiled by Jack Searles
ComputerFocus, a computer training institute, has moved from Ventura to the State Compensation Insurance Fund Building in Oxnard's Town Center. Several software companies, including Novell and Microsoft, have provided exhibits to help the firm during its opening celebration. Charles Spinnler, ComputerFocus' director of marketing and sales, said the school, founded in 1988, has provided training for the Navy, Air Force and numerous Ventura County companies.
BUSINESS
May 24, 1994 | Jack Searles
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.
CALIFORNIA | LOCAL
March 20, 1994
On Feb. 23, you published an article about the city of Oxnard's intention to file a tax lien on the Oxnard Town Center. I was terribly disappointed to see that your paper chose to include photographs of our property, 1000 Town Center. This is very misleading. Bedford Property Investors recently purchased the building, all cash, and has reserved funds up front for any new leasing or capital improvements. All property taxes and bond assessments associated with the building are current.
CALIFORNIA | LOCAL
February 23, 1994 | PATRICK McCARTNEY
The city of Oxnard will file a $4.4-million tax lien on the failed Oxnard Town Center to protect bondholders who helped fund $14.7 million in improvements. A portion of the proceeds from a foreclosure sale of the Town Center planned for June would pay off the delinquent bonds. The decision to file a lien, made Tuesday by the Oxnard City Council, comes nearly six years after the city agreed to provide municipal services to the center.
CALIFORNIA | LOCAL
December 22, 1993 | JEFF McDONALD, SPECIAL TO THE TIMES
The Oxnard City Council on Tuesday agreed to begin work on the city's fifth redevelopment area, a sprawling district that officials say would generate more than $360 million in tax revenue over the next four decades. Council members unanimously voted to spend $20,000 to implement the first phase of a four-part plan to revitalize Oxnard's main thoroughfare by creating a redevelopment zone along the length of Saviers Road and Oxnard Boulevard.
CALIFORNIA | LOCAL
January 8, 1992 | PATRICK McCARTNEY
The Oxnard City Council agreed Tuesday to begin foreclosure on eight undeveloped parcels at the Oxnard Town Center on which two Solvang development firms had stopped paying improvement taxes. The action will not affect four other parcels at the office development. River Edge Development Co. of Oxnard has constructed the only office building on the site so far. But the Santa Clara Development Ltd. and Oxnard Town Center limited partnership were unable to pay $1.
REAL ESTATE
December 21, 1986
Warmington-Semler Partners has completed purchase of a 265-acre site on the north side of the Ventura (101) Freeway at Pacific Coast Highway, Oxnard, for its $500-million Oxnard Town Center project. Terms of the sale were not disclosed. Construction on off-site improvements is expected to begin next spring, and the first buildings are due to be completed by the second quarter of 1988.
CALIFORNIA | LOCAL
June 5, 1990 | GARY GORMAN
Traffic was backed up about nine miles on the northbound Ventura Freeway on Monday morning while surveyors prepared for improvement of the Wagon Wheel Road exit and entrance ramps. Workers are reducing the sharp curves of the ramps as part of the Oxnard Town Center development north of the interchange. Cars and trucks were backed up past Camarillo as the freeway's three lanes were funneled into one between 9 a.m. and noon.
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