SFV Real Estate

Apartment Complex With 64 Units Proposed in Van Nuys

A developer has proposed a multifamily complex with 64 units for a Van Nuys address, according to city of Los Angeles records.

Glendale Apartment Complex Fetches $5.3 Million

A private investor has acquired the Winlake Apartments in Glendale for $5.3 million, or $314,705 per unit, in a 1031 exchange.

Commercial Real Estate Awards Celebrate Winners in Tough Year

The Business Journal recognized the top brokers and projects for 2020 in a virtual Commercial Real Estate Awards event.

New Chief Executive at PS Business Parks

Glendale-based PS Business Parks Inc. has appointed Dan “Mac” Chandler III as the company’s chief executive officer, effective April 5.

Six-Building Van Nuys Industrial Park Sells for $19 Million

A six-building multitenant industrial business park in Van Nuys has sold for $19.3 million, or $247 per square foot.

Joint Venture Breaks Ground on Supportive Housing Complex in Sylmar

Joint venture partners Meta Housing Corp. and LA Family Housing have officially broken ground on construction of Silva Crossing, a 56-unit permanent supportive housing project in Sylmar.

American Homes 4 Rent Reports Higher Revenue, Earnings

American Homes 4 Rent beat Wall Street estimates on earnings for the fourth quarter while matching on revenue.

Warner Center Firm IMG Sells North Carolina Apartments for $30 Million

Woodland Hills-based real estate firm Investors Management Group Inc. has sold a two-property multifamily portfolio in Raleigh, North Carolina to Abacus Capital Group for $29.8 million.

Industrial Broker Joins Delphi

Mike Centurioni, a commercial real estate broker for the last 18 years, has joined Van Nuys-headquartered Delphi Business Properties Inc. as a senior vice president.

Earnings: Marcus & Millichap Beats Estimates, LTC Properties’ Revenue Declines

Marcus & Millichap beats Wall Street expectations, while LTC Properties reports a slight decline in revenue.

Low Interest Rates, Low Inventory Drive Up Valley Home Prices

Interest rates near historic lows fueled strong Valley home sales last month, pushing prices higher even as the inventory of homes for sale fell to a record low.