$150 Million Icon Project in Panorama City Advances to L.A. City Council

After three revisions, Icon Co.’s $150 million mixed-use project in Panorama City has been approved by the Los Angeles City Planning Commission.

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Former K-Swiss Headquarters Sells for $11 Million

The former corporate headquarters for athletic footwear-maker K-Swiss in Westlake Village has sold for $11 million, according to Lee & Associates-LA North/Ventura.

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LTC Properties’ Assisted Living Portfolio Fetches $67.5 Million

LTC Properties Inc. has sold a portfolio of six assisted living and memory care communities in Ohio and Pennsylvania. The transaction was valued at $67.5 million, according to LTC in Westlake Village.

Van Nuys Firm Sells $162 Million Multifamily Portfolio

Van Nuys-based Sikand Properties has sold an eight-property portfolio of apartment buildings with 644 total units for nearly $162 million.

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Cedar Oak Mixed-Use Coming to Old Town Camarillo

Aldersgate Investments LLC of Oxnard has a mixed-use project coming online in Camarillo by October or November.

Warner Bros. Re-Ups Lease at Burbank’s Studio Plaza

Warner Bros. has renewed its 456,000-square-foot lease at Studio Plaza in the Burbank Media District, according to Real Deal.

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VICA Opposes Rent Control Initiative

Valley Industry & Commerce Association has voiced its opposition to the repeal of the Costa-Hawkins Rental Housing Act, which would remove rent control exemptions for new developments.

Great American to Liquidate Bon-Ton Stores

Liquidation firm Great American Group has partnered with Tiger Capital Group sell off the inventory of 212 locations of Bon-Ton Stores Inc.

Panoptic Proposes 154-Unit Warner Center Project

Panoptic Development has unveiled its proposed mixed-use project near Warner Center’s Orange Line, as reported by Urbanize.LA.

Sun Valley Movie Studio Wins Court Approval

Production rental company Line 204 won approval from the 2nd District Court of Appeals to break ground on the largest movie studio complex to be built in Los Angeles in nearly three decades.

Mall of America Owner May Buy Former Rocketdyne Site

The Canadian owner of the Mall of America is negotiating to buy one of the largest redevelopment sites in Los Angeles: the former rocket-engine manufacturing site of Aerojet Rocketdyne, according to CoStar Group.

Dollar General Expands Footprint at Tejon Ranch

Dollar General has made a 240,000-square-foot commitment to expand its footprint in the master-planned Tejon Ranch Commerce Center in Kern County to more than 850,000 square feet, according to Colliers International, which negotiated the deal.

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VICA Predicts Resident Resistance to Garcetti's Homeless Shelters

The Valley Industry & Commerce Association has issued a statement that Mayor Eric Garcetti’s $20 million plan to build temporary homeless shelters on city-owned property will be rejected by local communities.

Rexford Buys Thousand Oaks Industrial Building for $6.6 Million

A 49,585-square-foot industrial property in Thousand Oaks has sold for $6.6 million, or $133 a square foot, according to Lee & Associates-LA North/Ventura.

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Warner Center Condo Project Begins Construction

Canoga Park-based developer California Home Builders has begun building a low-rise condo project on a corner lot at 6800 Variel Ave. in Woodland Hills.

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