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Time Warner Buys Conejo Valley Office Building for $1.38 million

Time Warner Cable has purchased a roughly 7,000-square-foot office building in Thousand Oaks for$1.38 million, a local brokerage firm said Tuesday. The zoning on the property allows for multiple uses, including office and retail, according to a Lee & Associates-LA North/Ventura Inc. John Ochoa, a principal with Lee & Associates, and his partners represented the seller in the transaction “We’ve had several offers on the property due to its location, and its flexible zoning,” Ochoa said in a statement. “Ultimately, Time Warner’s was the offer accepted.” A spokeswoman for Time Warner Cable did not immediately return a call seeking comment.

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