Main Events

-Sage Publication, headquartered at 2455 Teller Road in Thousand Oaks, signed a lease with Burbank’s Cusumano Real Estate Group in June for about 100,400 square feet at 2400 Conejo Spectrum Drive in Thousand Oaks to relocate some of its 500 local employees from another building. Lease terms were not disclosed.

-SteelWave bought a 157,508-square-foot office building at 225 W. Hillcrest Drive in Thousand Oaks for $32.8 million from Rising Realty Partners Inc. in April.

-PennyMac Financial Services Inc. signed a long-term lease for 60,466 square feet at 3043 Townsgate Road in Westlake Village. Terms of the lease were not disclosed, but the asking rate at the property is $3.35 a square foot.

-DSB Properties Inc. of Westlake Village bought the Shops at Oak Creek, a five-building shopping center on 5.72 acres at 28941- 29145 Canwood St. in Agoura Hills, for $27.8 million from Loja Real Estate LLC of Walnut Creek in April.

-Oppidan Investment Co. in St. Paul, Minn. bought a 43,138-square-foot Orchard Supply Hardware home improvement center, at 1934 E. Avenida de Los Arboles in Thousand Oaks, for $16.8 million from Butler Champion Ltd. of Los Angeles in June.

-In April, Herri Holdings Corp., a Hong Kong-based biopharmaceutical firm, bought an 88,064-square-foot office building on 5.4 acres at 2300 Corporate Center Drive, Thousand Oaks, for $9.9 million. The seller was Chicago-based REIT First Industrial Realty Trust.

-FDSI Logistics of Westlake Village bought a 5,499-square-foot Class B office building at 5010 Chesebro Road in Alesco Agoura Corporate Center in Agoura Hills, for $2 million from private seller David K. Dorenfeld of Calabasas in May.

Conejo Valley office and industrial vacancy and rent rates continued to move in the second quarter based on activity in other submarkets to the south and the east...

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