Younan's Buying Spree Continues
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Making its eight acquisition this year, Younan Properties snapped up an eight-building portfolio of new office/medical buildings along the 101 Freeway in Thousand Oaks from Pacific Western Bank. CEO Zaya Younan says his Woodland Hills-based company acquired the buildings for one-third of the historical cost on a per SF basis, paying cash. The buildings, which total 62k-plus SF of owner/user or leasable space, are located in the Conejo Ridge Executive Center, a 31-building office complex on the 101 Technology Corridor. CBRE's Mark Perry repped the seller. Zaya's not done yet—he says he's got several more acquisitions to close before year-end.