Conejo Valley Real Estate Updates from Lydia Gable

5/16 – This information has recently been updated:

As somebody who likes to keep a pulse on what is going on in our lovely community, I wanted to share some exciting news about upcoming developments I recently received from my friend and trusted commercial Broker, David Massie, with DJM Commercial Real Estate.

Here is the update:

  • The Old Plug Nickel location (now a wine tasting bar called Cuvee Terrace) in Westlake Village is being sold and leased to a couple of very high-end successful Italian restaurants in other cities.
  • The vacant space in the same center as Lure Seafood just past The Counter location has signed a lease for a New Zeland Pacific Rim type restaurant called Aroha. In the old 9021Pho location in this center to the left of The Counter, a new restaurant called Kaze—which somehow fuses Japanese and Italian foods together—signed a lease.
  • In Agoura Hills, Vincitori Italian (owns Spumoni in NP also and replaced China Star here) just opened up recently in the Agoura Hills City Mall where the Agoura’s Famous Deli is and there will also be a new Kosher Israeli restaurant opening in the next couple of months just to the left of this Deli.
  • Padri’s will be opening up a high end Mexican restaurant in the Whizzins Center where Latigo Kid used to be in the next couple of months. Latigo relocated to the old Alamo location in the Vons anchored center at Kanan and Thousand Oaks Blvd. in Agoura Hills.
  • The old Red Robin in Calabasas is being leased by the Agoura Famous Deli owner and it’s yet to been seen what it will become.
  • The Gelsons/Sprouts/Vons center in WLV (all owned by one owner) is performing a 25 million dollar renovation and is going to not only remodel but also build new buildings in some of the parking areas as well as try to connect all 3 different plazas into one. New restaurants/food uses coming here are: Leilas (rumor only, not confirmed), Mendocino Farms, Pitfire Artisan Pizza, Le pain Quotidien, Pressed Juicery and Firefly. Target is under construction with a July 25, 2014, grand opening date and they own their land. The goal is to get all other Tenants open on or around this date, with the exception of buildings B and E, which will be later phases delivered in September. Here is a website link that will show you a site plan for each building so you can see where each tenant is going in this new center:http://www.shoppesatwestlakevillage.com/.

Building J – In N Out

Building G

– Suite A: Hook Burger

– Suite B: Negotiating with several food users

– Suite C: In Leases with a sit-down seafood restaurant

– Suite D: In Leases with a dessert tenant

Building F

– Suite A: In Leases with a sub sandwich tenant

– Suite B: Greens Up!

– Suite C: Olio E Limone Ristorante

– Suite D: Olio E Limone Pizzeria & Enoteca

Building C

– Suite G: Los Agaves

– Suite F: All Tressed Up (blow dry bar, also offers make-up application)

– Suite E: In Leases with a wireless tenant

– Suite D: Endless Beauty (high end beauty supply)

– Suite B & C: Salon suites tenant (haircut and color services)

– Suite A: BCBC Nail Salon

Building D

– Suite A: Negotiating with sushi concept

– Suite B: Negotiating with women’s apparel

– Suite C: Negotiating with a jewelry store

– Suite D: Negotiating with a home goods boutique

– Suite E & F: In leases with a men’s clothing store and children’s concept, but may relocate both users to accommodate a microbrewery we are negotiating with

– Suite G: Jeannine’s Marketplace

Building B (this is a second phase of the project, which will be delivered in September)

– Suite H: Tilly’s

– Suites A, B and a portion of C: Medical Use

Building E (this is a second phase of the project, which will be delivered in September)

– We have a lease out for signature with a 1,000 SF user, however. Will have several food and retail tenants.

Isn’t that exciting? These new developments will do wonderful things for Westlake Village Real Estate values and will certainly keep all of us entertained!

Facebooktwitterpinterestlinkedinmail

First-Quarter SoCal Real Estate Market Update

While I am immersed in the busiest spring season for this realtor’s real estate career in years, I thought it pertinent to share with you a 1st quarter housing market update for Southern California. It’s good news indeed for you vigilant housing market watchers especially in the Ventura County area. Real estate numbers are on the up-tick and apparently not just for yours truly! Profit margins, new development, buying and selling— a majority of analysts report—is all on the incline. And although many naysayers feared another “housing bubble” debacle, the numbers remain consistently positive as does the future forecast.

Following are just a few analysts’ findings as they pertain to, specifically Southern California and Ventura County housing market numbers for this, the first quarter of 2014.

Positive Real Estate Market Numbers in SoCal

According to The Press Enterprise, KB Home, an LA based home builder discussed first quarter market results for 2014. KB Home President and CEO Jeffrey Mezger said in a conference call with analysts, “There is a strong indication that new home development in California will rise – and coastal communities will dominate the sales scene.” KB’s profits are at $10.6 million profit for the period ending Feb. 28. And he stressed that this is a profit margin milestone that hasn’t been achieved in the first quarter since back in 2007. Metzger went on to say:

Total revenues grew 11 percent to $405.2 million from the company’s delivery of 1,442 homes compared to 1,485 in the first quarter of 2013… California has some of the most dramatic examples of reposition strategy. We expect positive cross-over to positive unit sales in California at some point in the same year.

Thousand Oaks, Westlake Village Home Sales – HOT!

A February 2014 article in Ventura County Star said while some of Ventura County and parts of Southern California are experiencing a slump, the numbers emerging from the end of 2013 and now in this first quarter, indicate that luxury property sales are doing remarkably well. The Starsays some the best reports are coming from my “neck-of-the-woods” and I can vouch for that. The report says:

Homes selling in 2013 for at least $1 million in the county leapt nearly 43 percent to 780 sales up from 547 in 2012, according to San Diego-based DataQuick. Hot areas were the Thousand Oaks-Westlake Village area.

Additionally, at least according to the forecast for Ventura County as projected by Zillow, these numbers over the next year are likely to continue a steady incline. Says the Zillow forecast of current home values, expected home prices, and the Ventura County housing market overview, it’s all moving upwards:

Ventura County home values have gone up 15.3% over the past year and Zillow predicts they will rise 4.9% within the next year.

Ventura County Market Overview
(Data through Feb 28, 2014)

  • $474,700 ZHVI
  • 4.9% 1-yr forecast (Feb 28, 2015)
  • $559,000 Median listing price
  • $454,000 Median sale price

Where Luxury Steps Up to Greet You

Where luxury steps up to greet you – this is the focus for Westlake Village Realty. Beautiful homes are listed for sale now in the exquisite communities of Westlake Village, Lake Sherwood, and Thousand Oaks and Agoura Hills. If you are a potential home buyer or seller, I can help you find the perfect fit for your luxury lifestyle. For questions on any topic covered on this article or to set up a consultation to view or sell fine homes in the Conejo Valley, contact Lydia Gable today.

Facebooktwitterpinterestlinkedinmail

Get in touch with us!

 
Thank you! Your message has been submitted to us.
×
×
×