SFV REAL ESTATE

Gelt Buys Oregon Multifamily for $30 Million

Tarzana-based real estate firm Gelt Inc. has made a $30 million investment in Gresham, Ore. with the acquisition of Silverwood Apartments.

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Investor Purchases 18 of 20 Condo Units in Mission Hills for $4.8 Million

Agents at brokerage Marcus & Millichap Inc. have negotiated the purchase of 18 condominium units in Mission Hills for $4.8 million, or $267,222 per unit.

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Warner Center Fry’s Electronics Site May Become 880 Apartments Plus Hotel

Multifamily developer Kaplan Management Co. has shed more light on its intentions to build a mixed-use project at the site of Fry’s Electronics at 6100 N. Canoga Ave. in Woodland Hills.

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Preview: Cartoon Valley

With the rest of the entertainment industry stalled, animation expands its footprint.

Pair of Valley Apartments Sold for $11 Million

Colliers International recently closed two multifamily deals in the San Fernando Valley — one in Van Nuys, the other in North Hollywood — for a combined price of $11 million.

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After 15 Years, Housing Project Approved in Simi Valley

Simi Valley Planning Commission has approved phase I of the 184-home Lost Canyons project, according to city records.

Rent-Controlled Multifamily in NoHo Trades for $3.5 Million

A 16-unit apartment property in North Hollywood has sold for $3.5 million, or $218,750 per unit.

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Westcord Broker Denny Bloom Dies

Longtime Westcord Commercial Group real estate broker Dennis “Denny” Bloom died Aug. 19, according to the company.

State Extends, Modifies Eviction Moratorium

More than five months after Gov. Gavin Newsom issued an eviction moratorium, the state has issued modified regulations for California tenants and landlords.

Sun Valley Mixed-Use Project With 432 Units

The city of Los Angeles has approved Lankershim Crossing — a mixed-use project to be built by a joint venture of Summerland Partners and Hankey Investment Co. that will put 432 dwellings on a nearly 4.5-acre site in Sun Valley.

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97-Unit Chatsworth Apartment Complex Sells for $26 Million

Woodland Hills-based Sussex Capital Group has purchased Mountain View Manor Apartments, a 97-unit apartment complex in Chatsworth, for $26.4 million, or $272,165 per unit.

Woodland Hills Investment Firm Buys Apartments in NoHo Opportunity Zone

Alliant Strategic Investments in Woodland Hills has acquired the Farmdale Apartments, a North Hollywood property located in a state-designated opportunity zone.

State Issues New Rules for Business Reopening Based on County Safety

Gov. Gavin Newsom unveiled statewide guidelines Friday that will allow businesses to reopen based on the severity of the coronavirus pandemic in their county.

Delano Village in Van Nuys Sells for $5.1 Million

Delano Village, an 18-unit apartment property at 14161-14163 Delano St., has sold for $5.1 million.

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Meta Housing to Turn Former North Hills Nursery into Apartments

A 4.35-acre North Hills site formally hosting Green Arrow Nursery at 8845 Sepulveda Blvd. has changed hands for $14 million after a long dormancy.