Real estate investor set to buy The Oaks for $157M
Stockdale Capital Partners is in contract with Macerich to buy The Oaks shopping mall in Thousand Oaks for $157 million, according to The Real Deal. Macerich CEO Jack Hsieh told shareholders this month that his company is set to sell The Oaks before the end of the year, but declined to identify the buyer. Citing anonymous sources, Read More →
Wells Fargo announces grant for Mountain Fire recovery
Fundraising for victims of the Mountain Fire got a significant boost on Nov. 13 when Wells Fargo announced a $100,000 grant to support Ventura County Community Foundation and recovery efforts. According to VCCF CEO Vanessa Bechtel, the foundation had already provided over $100,000 in support and provided an additional $50,000 to the Red Cross to Read More →
SoCal Edison sued in connection with Mountain Fire
As the investigation into the Mountain Fire’s origins continues, a class action lawsuit was filed Nov. 8 alleging that the Ventura County blaze was started by Southern California Edison’s equipment. The utility giant denies the allegations. The Ventura County Superior Court suit, alleging negligence and inverse condemnation, was filed by Pamela and Kenneth McWaid and seeks general Read More →
Troubled Simi Valley Town Center sold once again
The long-struggling Simi Town Center has been sold for $38 million, the latest time it has switched hands since opening in 2005. Archway Capital announced Oct. 16 that it provided a $22.8-million loan to help acquire the 593,827-square-foot open-air shopping mall in Simi Valley. The new owners are SteelWave, a San Mateo-based commercial real estate developer, and Read More →
AeroVironment wins contract, work to be done in Simi
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Camarillo building bigger biotech cluster
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Judge rules in favor of Gallegly, against CLU
Editor’s note: This story was updated on Sept. 19. A judge ruled Sept. 17 that there is a contractual basis for the establishment of a replica of former Congressman Elton Gallegly’s office on the California Lutheran University campus in Thousand Oaks. “The court has been asked to determine if there is a contractual basis for Read More →
