The land runs alongside the Santa Clara River, near the Ventura Freeway Bridge that connects Ventura to Oxnard. The bridge is about 25 miles north of the LA County line.
The nonprofit Nature Conservancy purchased the property. The group received $4.7 million from the California Coastal Conservancy to finance the deal. Private attorney Alan Camp was the seller. No brokers were involved in the transaction.
The acquisition is the first step in the Coastal Conservancy's plan to buy and restore a 15-mile stretch of riverbank property in the area. Peter Brand, the group's project director, says his group is also in the final stages of negotiations to buy 375 acres in nearby Santa Paula.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
