PARADISE CAPITAL ACQUIRES 50,000 SF PARAISO TOWN CENTER

BEVERLY HILLS, CALIF. — Cardinal Equities has purchased a 50,000-square-foot retail and office complex in Thousand Oaks through its affiliate, Paradise Capital Group. The complex is located inside the master-planned community of Dos Vientos Ranch. It includes 40,000 square feet of ground-level retail and restaurant space with outdoor dining, as well as 10,000 square feet of office space. Paraiso Town Center was built in 2008 and foreclosed on by the construction lender in late 2009. It is currently 20 percent occupied.