Amgen sells Colorado facility to AstraZeneca for $64.5 million
Thousand Oaks biotech giant Amgen continued its Colorado exit plans recently as it sold a Longmont, Colo., facility to London-based pharmaceutical and biotech company AstraZeneca for $64.5 million. Amgen built the 692,000-square-foot facility in the 1990s to make ingredients for its blockbuster anti-anemia drug Epogen. The site used large vats to produce lines of cell Read More →
Avis Rent a Car property in Funk Zone purchased for $2.5 million
The Avis Rent A Car location in Santa Barbara’s Funk Zone was purchased in a sale-leaseback transaction for more than $2.5 million, Lee & Associates announced on Oct. 11. The transaction of the 1,350-square-foot property at 34 E. Montecito St. marked a record-setting price per square foot at $1,866, said Lee & Associates’ Rob Adams, Read More →
Lure Fish House property in Westlake Village sold
Story updated Oct. 13 at 10 p.m.: The Lure Fish House property in Westlake Village was sold for $6 million to private investor Lucrit LLC, Westcord Commercial Group announced on Oct. 10. The 7,470-square-foot property sits on a 1.76-acre parcel at 30970 Russell Ranch Road. Tony Principe of Westcord and Kamal Banki represented the buyer Read More →
Lloyd Properties donates 860 acres on Ventura hillsides to conservation trust
Owners of the Lloyd Ranch in Ventura donated 860 acres of agricultural and open space to the Rancho San Buenaventura Conservation Trust. Gary Brummett, president of Lloyd Properties, said he is proud to partner with the conservation trust to preserve part of the Ventura hillsides, an area that has been eyed by developers for many Read More →
SLO County formulating plan to encourage affordable housing
The San Luis Obispo County Board of Supervisors is moving forward with a plan that aims to facilitate more affordable housing development. Policy recommendations included streamlining the permitting process, expanding multifamily residential zoning, reducing fees for affordable housing developments and scaling them to unit sizes rather than number of units, allowing secondary dwelling units in Read More →
VC housing projects can’t compete for state funds
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Thousand Oaks apartment complex sells for $67 million
A 191-unit multifamily community at 491 W. Gainsborough Road in Thousand Oaks sold for $67 million. Pacific Urban Residential bought the property from IMT Capital LLC, according to Greg Harris of Marcus & Millichap who coordinated the deal. “The acquisition provided the buyer with the opportunity to enter a highly coveted market supported by the Read More →
