SFV REAL ESTATE

Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...

Van Nuys Apartments Sell for $680,000 a Unit

An eight-unit Van Nuys multifamily complex has sold for $5.6 million, or $681,250 per unit, according to brokerage Marcus & Millichap Inc.

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Tutor Perini Secures Military Construction Contract Worth $34 Million

A subsidiary of Tutor Perini Corp. has been awarded two contracts valued at about $34 million for work at Marine Corps Base Camp Lejeune in North Carolina.

Four-Story Multifamily Development Proposed for Reseda

The Los Angeles City Council has approved plans for a residential development that will add 27 units to the housing inventory in Reseda.

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Multifamily Complex to Rise Near CSUN

A property located at 8940 N. Reseda Blvd. in Northridge will bring five stories of apartments to the market near California State University – Northridge.

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Construction Complete at L’Oreal Offices in Encino

Design studio Ware Malcomb announced Tuesday that construction is complete at L’Oreal’s Pulp Riot offices, located at 16501 Ventura Blvd. in Encino.

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Westlake Village Office Portfolio Fetches $55 Million

A massive multi-property office portfolio, totaling 256,602 square feet in Westlake Village, has traded for $55 million.

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Chatsworth Hills Academy Sells Campus for $9 Million

A school campus belonging to Chatsworth Hills Academy has sold for $9 million.

Half-Acre Property in Santa Clarita Sells for $1.5 Million

A commercial property with only 1,292 square feet in Santa Clarita has sold for $1.5 million.

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149-Room Hotel Proposed on Ventura Boulevard in Woodland Hills

A four-story, low-rise hospitality structure is in the planning stages for Ventura Boulevard in Woodland Hills.

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Adler Realty Sells Fontana Retail Property

Woodland Hills-based Adler Realty Investments has sold a retail property in Fontana for $4.95 million.

Gelt Acquires $41 Million Self-Storage Portfolio in Memphis

Tarzana-based real estate developer Gelt Inc. has invested $41 million to buy eight self-storage facilities in Memphis, Tenn.

L.A. City Council Delays Vacancy Tax Measure Till 2022 Ballot

The Los Angeles City Council voted to delay its vacancy tax until the 2022 election, following a special meeting on Wednesday to further discuss the proposed measure which would tax unoccupied multifamily units.

Marcus & Millichap Co-Chair Dies of Cancer

William Millichap, co-chair of Calabasas real estate brokerage Marcus & Millichap Inc., has died after a yearlong battle with cancer.

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L.A. Council Member Huizar’s Corruption Case Involves Valley Consultant

Jose Huizar, an elected member of the Los Angeles City Council, was arrested Tuesday on federal racketeering charges that allege he accepted bribes to help real estate developers secure approval for their projects – including one bribe facilitated by a development consultant in the Valley.

Limoneira Joint Venture Sells 42 Residential Lots

Limoneira Co. announced Thursday that its joint venture to build the Harvest at Limoneira development in Santa Paula has closed sales on 42 more lots.

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