Main Events

-Logix Federal Credit Union is building a 170,000-square-foot headquarters on a vacant 12-acre parcel at the Valencia Commerce Center. The company is relocating its long-time Burbank headquarters to the facility, which it purchased from LNR Gateway V for an undisclosed price. It is slated to move in 2018.

-New York investor True North Management Group bought the Valencia Corporate Plaza for $41.3 million, or about $212 a square foot, from Angelo Gordon & Co. and Pacific Office Properties Trust Inc. in September. The 194,400-square-foot, three-building office complex on the 28400 block of Avenue Stanford last sold for $31 million in 2011.

-One Properties in Los Angeles bought a 51,385-square-foot industrial property from Sierra Square in Cupertino for $14 million, or about $272 a square foot. The sale in July was the highest-price industrial sale in Santa Clarita Valley during the quarter.

-Retail complex Sutter Point Plaza sold for $7.11 million, or $175 a square foot, to Frank & Sharon Arthofer in San Marino. Safco Capital Corp. in Los Angeles was the seller of the 40,761-square-foot strip mall.

-DR Property Group in Beverly Hills bought a retail center at 23360-23380 Valencia Blvd. in Valencia for $6.3 million, or $268 a square foot, from Prot Inc. The 23,494-square-foot property, known as Cinema Center, was built in 1987.

The glass was half-full for Santa Clarita Valley’s office market in the third quarter...

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