SFV REAL ESTATE

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.

L.A. City Council Considers Vacancy Tax on Ballot

The Los Angeles City Council on Tuesday adopted a vacancy tax measure for consideration on the November 2020 ballot, potentially creating an additional tax on unoccupied residential units.

Velocity Financial Completes $128 Million Securitization

Velocity Financial Inc. has completed its second securitization transaction of 2020.

Entertainment, Logistics Firms Sign San Fernando Leases

Two companies have signed leases at the same property in city of San Fernando for a combined 73,000 square feet.

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Apartment Association Challenges Legality of Housing Moratoriums

The mounting economic hardship of landlords has prompted advocacy group Apartment Association of Greater Los Angeles to file a lawsuit against the city of Los Angeles on behalf of its 10,000 members, the landlords of some 150,000 units throughout Los Angeles proper including the San Fernando Valley.

Chef Merito Buys Sun Valley Industrial Space for $5.8 Million

Spice and seasoning manufacturer Chef Merito Inc. has purchased a Sun Valley industrial facility for nearly $5.8 million.

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