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San Fernando
Thursday, Jan 16, 2025

Conejo Valley

 Office vacancy loosened to 17.4 percent, a significant uptick from 13.9 percent the previous quarter. Tenants gave back nearly 226,650 square feet to the market. At the same time, asking rates increased 7 cents to $2.70 a square foot.Main EventsMG Properties Group bought the 213-unit apartment complex named Las Positas in Camarillo for $96 million. Las Vegas-based developer Fore Property sold the property at 352 Townsite Promenade.The 45,464-square-foot office building at 4360 Park Terrace Drive in Westlake Village sold for $8.67 million to tenant Caldera Medical Inc.

Patriot Drive B sold the four industrial condominiums at 74 and 82 W. Cochran St. in Simi Valley for nearly $7.2 million.

The former site of a Coco’s Bakery restaurant at 4895 N. Las Virgenes Road in Calabasas sold for nearly $3.3 million to restaurateur Salsa and Beer.

Hannah Madans Welk
Hannah Madans Welk
Hannah Madans Welk is a managing editor at the Los Angeles Business Journal and the San Fernando Valley Business Journal. She previously covered real estate for the Los Angeles Business Journal. She has done work with publications including The Orange County Register, The Real Deal and doityourself.com.

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