DAUM COMMERCIAL REAL ESTATE SERVICES COMPLETES SALE OF OFFICE BUILDING

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VENTURA, CALIF. — Venstar LP, an affiliate of Pacific Properties Group Inc., has acquired a 60,000-square-foot office building, which is located at 5250 Ralston St. in Ventura. The company is in the conceptual stages of planning an office and multi-tenant industrial development on the 8-acre site, with completion slated for late 2009. George Eales of DAUM Commercial Real Estate Services, a member of ONCOR International, represented both the buyer and the seller, BRV Inc., a subsidiary of E.W. Scripps, in the transaction. The acquisition price was not disclosed.

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