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

Chatsworth Industrial Property Sells for $6.6 Million

After outgrowing its Sun Valley facility, Stratton and Sons has acquired a Chatsworth industrial property with room to grow for a price of $6.6 million.

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Simi Valley’s Erringer Plaza Sells for $4.3 Million

Erringer Plaza in Simi Valley has sold for $4.3 to Laurence Michael of Los Angeles, according to Costar Group.

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Warner Atrium Changes Hands for $28 Million

Warner Atrium, a 128,762-square-foot office building in Woodland Hills, has sold for nearly $28 million to Sandstone Properties Inc., according to the brokerage division of Kennedy Wilson.

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Commons at Valencia Gateway Sold for $33 Million

Harbor Associates LLC announced Monday that the investment firm, in a joint venture with Goldman Sachs Asset Management Private Real Estate, has acquired the Commons at Valencia Gateway in a $33.1 million cash deal.

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Preview: Tri-Cities Office Sales Up

Entertainment tenant influx boosts values.

Tutor Perini Partnership Lands $1.4 Billion Airport Contract

A joint venture between civil construction firm Tutor Perini Corp. in Sylmar and Washington, D.C.-based Parsons Transportation Group Inc. has won a $1.4 billion contract for a major redevelopment project at Newark Liberty International Airport in Newark, N.J.

Valencia Shopping Center Sold for $9.8 Million

A 45,429-square-foot retail center in Valencia has sold to a private investor for $9.8 million, or nearly $216 a square foot, according to Colliers International.

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Conejo Corporate Campus Sold for $23 Million

Conejo Corporate Campus, the former Thousand Oaks headquarters of Amgen Inc., has sold a joint venture between Harbor Associates LLC and Blue Vista Capital Management.

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Chatsworth Industrial Building Purchased for $6.6 Million

Stratton & Son Moving and Storage has purchased a 24,000-square-foot property in Chatsworth for $6.6 million, according to data provider CoStar Group.

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L.A. County Hotel Sales Hit $1.7 Billion in 2017

Los Angeles County hotel sales reached a record $1.7 billion in 2017, according to a year-end report by Irvine-based Atlas Hospitality Group, a real estate agency specializing in hotel sales.

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Chatsworth Apartment Complex Fetches $45 Million

Cielo Apartments, a 119-unit multifamily property in Chatsworth, has sold for $45 million, or more than $378,000 per unit, to an undisclosed private multifamily investment firm.

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Lee & Associates Promotes Four to Principal Status

Commercial real estate brokerage Lee & Associates-LA North/Ventura has promoted four agents to principal status, growing its team of senior brokers to 29.

Calabasas Office Property Sells for Nearly $9 Million

An office building in Calabasas has sold for $8.95 million to a local private investor, according to brokerage firm CBRE.

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Woodbridge Reaches Settlement, Names New Management Team

Woodbridge Group of Cos. has reached a settlement with its creditors and the Securities and Exchange Commission, and the company has named a new chief executive to steer the company out of Chapter 11 bankruptcy.

Conejo Valley Shopping Center Sold for $5 Million

PCI Commercial Realty Group closed the $5 million sale of an 8,000-square-foot shopping center in Thousand Oaks, where an undisclosed buyer purchased the property from Century City’s Marks Family, according to Costar Group.

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