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Thursday, Mar 28, 2024

Real Estate Quarterly: Conejo Valley

Vacancy tightened dramatically to 14.9 percent, down from 17.3 percent the previous quarter as tenants leased 169,300 square feet of space. Rates moved up 2 cents to $2.32 a square foot, according to Colliers International. Main Events -The office complex at 4330 Park Terrace Drive in Westlake Village, which has 107,000 square feet, sold for $88 million to York Enterprises in Los Angeles. -Industrial building at 709 Science Drive in Moorpark sold for $23 million. -Sares Regis Group and a partner bought 29 undeveloped acres at the Conejo Spectrum Business Park in Thousand Oaks for an undisclosed price. Later, Sares broke ground on a 91,00-square-foot building at 2430 Conejo Spectrum St. for tenant Atara Biotherapeutics Inc. Atara’s monthly rent will start at $74,422, according to federal filings. -Chatsworth investors paid $28 million for the Oak Park Shopping Center at 604 Lindero Canyon Road.

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