Stay-at-home orders in April negatively impacted San Fernando Valley’s real estate market, according to a Southland Regional Association of Realtors report, which showed a 47 percent drop in the number of houses and condominiums sold for the month.
A retail portfolio of two adjacent parcels totaling 52,260 square feet of land has traded hands in North Hills for $6.3 million.
The former home of Weider Health & Fitness in Warner Center has sold for $12.8 million, according to Jim Markel, vice president and regional manager of Marcus & Millichap’s Encino office.
Trammell Crow and Clarion Partners have closed escrow on a 137-acre parcel of land at Center at Needham Ranch that will pave the way for the completion of the 252-acre industrial park’s second phase.
Senior housing and health care real estate investment trust LTC Properties saw a 212 percent increase in net income for the financial first quarter because of property sales and higher rental and interest income.
The Artisan at East Village in Oxnard has sold for $92 million, or $339,154 per unit, in one of the highest payouts ever for a Ventura County commercial property, according to a CoStar Group report.
A 10-unit multifamily property in North Hollywood has sold for $2. 38 million, despite complications from the coronavirus.
Ventura County is moving forward on its Somis Ranch project, a housing development designed to provide 360 residential units for farmworkers.
Both Public Storage and ASGN reported higher earnings despite coronavirus impact late in first quarter.
An eight-unit multifamily property at 14533 Dickens St. in Van Nuys has sold for $1.95 million, or $243,750 per unit.
The Latigo Group has made progress on its Thousand Oaks mixed-use project as Dekel Capital has arranged a $59 million construction loan for the Los Angeles-based developer.
PS Business Parks Inc. announced last week that John Petersen, the company’s chief operating officer, was appointed interim chief executive officer while Chief Executive Maria Hawthorne takes a medical leave of absence.
The coronavirus has accelerated the trend toward e-commerce in the Valley economy, with the primary beneficiary Amazon.com Inc.
The Bothwell Ranch Foundation, a new San Fernando Valley-based nonprofit aimed at preserving what was once the Valley’s last commercial orange grove in Tarzana, has formally launched.
The Verona, a 16-unit multifamily property in Westlake Village, has sold for $8.15 million, according to listing brokerage Marcus & Millichap Inc. in Calabasas.