April 5, 1987
The retail vacancy rate in Ventura County is only 2%, but the office vacancy factor is 18% and the industrial space vacancy rate was 20% and climbing at the beginning of the year, according to a forecast by Grubb & Ellis Commercial Brokerage Services. According to the firm's study, 739,000 square feet of new office space will come on the market this year, up from just 135,000 square feet completed in 1986.
November 17, 1988 |
Prices for new homes in Ventura County jumped 19.7% from July to September, and the number of new houses and condominiums ready for occupancy dropped to a 10-year low of 11, a new report states. The average home cost $317,810, up from $265,448 in the previous quarter, according to the Metro Bulletin, a quarterly published by Continental Land Title Co. Buyers will shell out an average of $350,000 for a new house, up about 22% from the previous quarter, the report said.
June 1, 1986 |
Despite an increased leasing pace that resulted in 376,809 square feet of space being leased during the first quarter of 1986, the overhang of available industrial space in Ventura County grew to 3.7 million square feet--a 29.7-month supply at current market absorption rates.
June 1, 1986 |
It's almost a cliche in the commercial and industrial real estate market that Ventura County is at that stage of development where Orange County was 10 to 15 years ago. It would be a cliche, except that so much is taking place to make it a reality. Despite increasing no-growth sentiment toward residential development, virtually all of the communities along the Ventura Freeway in the 26-mile sector from Woodland Hills to Newbury Park are seeing rapid commercial and industrial growth.
CALIFORNIA | LOCAL
April 6, 1993 |
In a blow painful both economically and symbolically, Exxon Corp. has announced plans to close its West Coast production headquarters in Thousand Oaks and relocate 150 employees. Exxon's departure underscores the decline of the oil industry that once powered Ventura County, shaping the regional economy, influencing local politics and employing much of the work force during the 1940s and '50s.
November 29, 1994 |
This is the promised land. So thought Jeanine and Joel Price when they moved to Thousand Oaks from Northridge four years ago. The couple loved the green belts and open space of this east Ventura County community, as well as its highly rated public schools and near-absence of violent crime. Today, the Prices live in a four-bedroom house in a neighborhood that reminds them of the San Fernando Valley 25 years ago, when they were growing up.