Kern CRE
News
Kern County commercial real estate news: project approvals, hearings and the property sales and leases shaping the market.
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Oasis Entertainment Complex Ridgecrest: Bowling, Mini-Golf and Dining Planned on China Lake Boulevard
Ridgecrest says Phase 1 of the Oasis project, with bowling and indoor mini-golf, was set to start construction in mid-2026 on a South China Lake Boulevard site first…
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601 Gardner Field Rd Taft: Kern County Moves to Buy Its Sheriff Substation Building
Kern County’s Board of Supervisors approved acquiring the building at 601 Gardner Field Rd in Taft, home of the Sheriff’s Office substation, from Millie Development Company on April…
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9500 Ming Ave Bakersfield: Why a Former Chevron Office Sold for $9.7 Million
Chevron’s vacant three-story University Centre building traded to local investors in December 2024 at about $135 per square foot. The price reset expectations for southwest Bakersfield office. Here…
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Vallarta Supermarkets Bakersfield Sale: Niles Point Grocery Center Goes to a 1031 Buyer
A Southern California family office extended both leases, sold after nearly 15 years and exited at more than double its basis. Here is how a grocery-anchored 1031 trade…
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200 New Stine Rd: Inside the Woodrise Office Building Sale
A 1975 two-story, multi-tenant office building in southwest Bakersfield sold in the third quarter of 2025 at less than half the local average price per foot. Here is…
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Mohawk Office Center Bakersfield Sells for $4.7 Million: What Investors Pay for Fully Leased Office
Two fully leased office buildings at Mohawk Street and Truxtun Avenue in Bakersfield sold for $4.7 million, about $177 per square foot. We compare the price with other…
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Clinica Sierra Vista Chevron Building: How a Former Oil Office Became a Health Center Headquarters
Clinica Sierra Vista paid $15.7 million for Chevron’s 99,368 SF University Centre office building at 9525 Camino Media in Bakersfield. The sale is the clearest local example of…
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17th Place Townhomes Sale: Modesto Investor Pays $11 Million for 44 Downtown Bakersfield Units
Sage Equities sold 17th Place Townhomes, a 44-unit downtown Bakersfield community, to Modesto-based Graceada Partners for $11 million, or about $250,000 per unit. Here is how the price…
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California Dairies Bakersfield Plant: The 46-Acre Land Deal Behind Valley Natural Beverages
California Dairies, Inc. built Valley Natural Beverages, Kern County’s first long-life milk plant, on about 46 acres of former farmland on Gosford Road in Bakersfield, California. Here is…
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4616 New Horizon Blvd Bakersfield: DWR Leases Warehouse Space for the State Water Project’s San Joaquin Field Division
A state CEQA filing shows the California Department of Water Resources moving its San Joaquin Field Division warehouse into 4616 New Horizon Blvd in southwest Bakersfield. Here is…