SFV REAL ESTATE

Commercial Developments Near Saddleridge Blaze Safe for Now

There has been no damage reported to business and industrial complexes in the communities near Porter Ranch, site of the Saddleridge Fire, which erupted shortly before 10 p.m. on Thursday near the 210 freeway.

Edison Cuts Power in Parts of Northern L.A. County, Ventura County

Southern California Edison has cut power to homes and businesses in parts of northern Los Angeles County and Ventura County as a precaution to prevent wildfires.

Limoneira Peels Off Santa Maria Property for $2.9 Million

Limoneira Co. has sold a non-core real estate asset called the Terraces at Pacific Crest in Santa Maria for $2.9 million.

New Housing Bill May Spur Valley Development

Gov. Gavin Newsom has signed into two law housing bills, one of which may greatly encourage residential development along transit corridors in the San Fernando Valley.

Glendale’s Woolworth Building Sells

A mixed-use retail and office property at 201 N. Brand Blvd. in Glendale sold this week for nearly $18.1 million.

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Marcus & Millichap Acquires Vancouver Firm

Calabasas-based national brokerage firm Marcus & Millichap Inc. has announced that it acquired Form Real Estate Advisors Inc., a commercial real estate services firm in Vancouver, British Columbia, that specializes in retail transactions and advisory services.

Van Nuys Apartment Building Sells for $18.8 Million

Woodman Park Apartments, a 75-unit multifamily property located at 6205 Woodman Ave. in Van Nuys, has sold for the first time in more than 30 years for nearly $18.8 million.

101-Apartment Project Planned for Woodland Hills

Yaya Vanowen, a mixed-use project featuring rental housing over ground-floor commercial space, is moving ahead in Warner Center.

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Three Tenants to Open at New Northridge Retail Center

Three new tenants have signed leases for The Shops at Symmetry, a 21,273-square-foot retail center adjacent to the Symmetry luxury apartment complex in Northridge.

Jafra Cosmetics Headquarters Building in Westlake Village Sells for $28 Million

The 126,238-square-foot office and warehouse facility that houses Jafra Cosmetics’ headquarters in Westlake Village has sold for $28.2 million.

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Forever 21 Announces Potential Closure Locations

Fast-fashion house Forever 21 has announced a list of retail locations at risk to close amidst the company’s Chapter 11 bankruptcy reorganization, including several stores in the Valley.

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57-Unit Apartment Complex Coming to Toluca Lake

An affiliate of George Smith Partners of Century City has proposed a large apartment complex with 57 units to replace an existing trio of small residential buildings in Toluca Lake.

Sun Valley Site for 108 Apartments

City of Los Angeles Planning Commission has signed off on developer Shlomi Asiss’ move to construct a mixed-use building in Sun Valley.

CSUN Plans to Build 149-Room Hotel on Campus

California State University – Northridge has received approval from the California State University Board of Trustees for the construction of a 149-room Hilton Garden Inn hotel on campus.

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Valley Real Estate Con Man to Spend 20 Years in Prison

A Valley con artist was sentenced Monday to 240 months in federal prison for masterminding a multi-million-dollar real estate scheme.