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Rare Undeveloped 10 Acres in Thousand Oaks Sold | San Fernando Valley Business Journal

A 439,956-square-foot development site in Thousand Oaks has sold for an undisclosed price.
The land, which spans more than 10 acres, has been earmarked for residential building. Located at 339 Hampshire Road, the property has a corner location with accessibility to the 101 freeway.
The deal represents the largest land sale in Thousand Oaks since 2007, according to Calabasas-based brokerage Marcus & Millichap.
Brandon Michaels, senior managing director investments in Marcus & Millichap’s Encino office, and Lonnie McDermott, Marcus & Millichap s first vice president investments, represented the seller and procured the buyer.
“This historic transaction for the city is emblematic of Thousand Oaks’ move to become more pro-development, which will create long-term growth in the immediate submarket,” Michaels said in a statement. “The sale also demonstrates investor interest in transforming under-performing assets into alternative asset classes.” ....

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Matthew Luchs Named Chief Operating Officer for Marcus & Millichap's Encino Office | San Fernando Valley Business Journal

Marcus & Millichap s Matthew Luchs.
Calabasas-based real estate brokerage Marcus & Millichap Inc. has announced that Matthew Luchs has joined its Brandon Michaels Group as chief operating officer.
Based out of Marcus & Millichap’s Encino office, Luchs will be responsible for brokerage team management, agent training, team growth, branding and the implementation and oversight of a leasing and management division, according to a company announcement.
“I cannot begin to explain how thrilled we are to have Matthew join our team,” Brandon Michaels said in a statement. “Integrating a top-tier senior-level agent with extensive brokerage and management experience is a game changer.”
Luchs has served as regional manager for one of Marcus & Millichap’s top producing offices. As a regional manager, Luchs saw sales growth in excess of $1 billion annually and managed more than 50 investment professionals. ....

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