Sherman Oaks Medical Offices Sell for $20 Million

Two medical office buildings in Sherman Oaks sold to C.A. Development Operations, a Los Angeles-based investment company, for $20, according to brokerage CBRE Group Inc.

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Simi Valley Development Site Sells for $21 Million

The site for the Sycamore Drive Community Center apartment project in Simi Valley has sold to a public-private joint venture for $21 million, brokerage CBRE Group Inc. announced Tuesday.

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Six Flags Plans First-Ever Racing Roller Coasters

Six Flags Magic Mountain plans to open a new attraction called West Coast Racers next year.

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Preview: Convene in Camarillo

Construction has begun on Mian Plaza and Conference Center, a long-gestating project across the street from the Camarillo Premium Outlets.

Northridge Promenade Sells for $16 Million in Online Auction

Northridge Promenade, an 89,473-square-foot shopping center in Northridge, has sold for more than $16 million, according to a real estate firm Cushman & Wakefield.

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County Planning Commission Approves Tejon Ranch Project

The Los Angeles County Regional Planning Commission voted to recommend to the Board of Supervisors the approval of a massive residential and commercial project at Tejon Ranch.

Westlake Village Mall Sells for $35 Million

Sterling Organization has purchased North Ranch Gateway, an 86,520-square-foot shopping center in Westlake Village, for $35 million.

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City, State Lawsuit Keeps Van Nuys Apartments Affordable

Following a year-long legal battle and a Los Angeles City Council-approved settlement last week, the owner of San Regis Apartments at 15454 Sherman Way in Van Nuys has agreed to charge affordable rates to low-income tenants in 78 units.

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Developer to Inaugurate New Park in Sylmar

A new park will be inaugurated in Sylmar on Monday.

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Amazon to Open Fulfillment Center in Newbury Park

Amazon.com Inc. appears on the cusp of occupying square-footage at a warehouse in Newbury Park, according to a Thousand Oaks Acorn report.

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Colliers Acquires CBC Advisors in Glendale

Colliers International has acquired the Glendale office of CBC Advisors, a Coldwell Banker Commercial affiliate, in an effort to deepen its Tri-Cities footprint.

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Tutor Perini Selects Top Lawyer

Tutor Perini Corp. has appointed Wendy Hallgren as general counsel, the Sylmar-based construction company announced Wednesday.

Home and Condo Sales Healthy as Resale Prices Climb

Sales of homes and condominiums in the San Fernando and Santa Clarita valleys continued at a solid — if not record-breaking — clip in July, while the median price for condominiums in the Valley hit a record high, according to a Southland Regional Association of Realtors report.

Public Storage Falls After Analyst Downgrade

Shares of Public Storage in Glendale fell nearly 4.5 percent Tuesday after an analyst downgraded the stock to “sell” from “neutral.”

Nuance Communications Signs New Lease in Agoura Hills

Nuance Communications has renewed its lease for 34,256 square feet at 29903 Agoura Road in Agoura Hills.

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