Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CAMARILLO, CA-Silagi Development and Management Co. of Thousand Oaks, Calif. plans to build a 65,000-sf office development aimed at small office tenants to meet what the company says is “a shifting office market along the Ventura Freeway (101).”

The project will be called Camarillo Springs Corporate Center and will consist of a five-building campus on 5.4 acres fronting Camarillo Springs Golf Course on Camarillo Springs Road, according to Moshe Silagi, principal of the development firm. He said construction is due to begin within the next 60 days.Silagi has named Tony Principe and Darryl Zilberstein of Westcord Commercial Real Estate Services to market the project as office condominiums for sale. Principe says 12 individual units for sale will range from 4,500 to 7,000 sf at prices from $185 to $195 per sf, plus an entire 15,000-sf building for sale.

The project was initially planed as a single, 78,000-sf office building, but Silagi says he redesigned it as small condos for sale as the market changed and interest rates dropped.

Silagi’s project was designed by architect Neil Scribner of Camarillo.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.