SFV REAL ESTATE

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

Toluca Lake Land Parcel Sells for $2 Million

A 9,683-square-foot development site in Toluca Lake has sold for $2 million, or $207 per square foot.

Stevenson Ranch La Quinta Inn’s $22 Million Sale Breaks Brand Record

La Quinta Inn & Suites Santa Clarita – Valencia has sold to a local private investor for $22 million, according to Atlas Hospitality Group, which arranged the deal.

$70 Million Renovation Begins at Westfield Topanga Mall

A $70 million renovation project is underway at the Westfield Topanga Mall in Woodland Hills, owner Westfield Corp. announced Wednesday.

L’Oréal Takes 240,000 Square Feet at Tejon Ranch

L’Oréal USA will house the regional logistics operation of its SalonCentrics subsidiary at the Tejon Ranch Commerce Center in Kern County.

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Westcore Spends $13.8 Million on Moorpark Warehouse

Westcore Properties has acquired a 114,556-square-foot industrial building in Moorpark for $13.8 million from Ventura firm Marcus Adams Capital.

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Designs Revealed for CSUN Student Housing Project

West Los Angeles real estate company Symphony Development and the Los Angeles office of design firm Steinberg Hart have revealed renderings for an apartment building project to address the housing needs for students attending California State University – Northridge.

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UCLA Health Expands at Encino Location

The Regents of University of California – Los Angeles have signed a lease to assume approximately 27,215 square feet of medical office space for UCLA Health.

Sylmar Industrial Property Sells for $6.6 Million

Sun Valley-based Ratner Property Management has purchased a $6.56 million industrial property in Sylmar with an eye to renovate it and upgrade its functionality and market value, according to the brokerage CBRE Group Inc.

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Dole Headquarters Sold to Hilton Foundation for $50 Million

The headquarters of Dole Food Co. in Westlake Village has sold to the Conrad N. Hilton Foundation for $50 million, according to brokerage CBRE Group Inc.

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American Homes 4 Rent to Trade Preferred Shares

American Homes 4 Rent plans to sell 4 million shares of preferred stock and trade them on the New York Stock Exchange under the ticker AMHPRH.

Pasadena Retail Corner Sells for $23 Million

Aegon USA Realty Advisors, a Cedar Rapids, Iowa-based limited liability company, has sold the two-story, 39,000-square-foot Walgreens building at 310 S. Lake Ave. in Pasadena for $23 million.

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PS Business Park Hires CFO

PS Business Parks Inc. has appointed Jeffrey Hedges as chief financial officer and secretary effective Sept. 17, the company announced.

Canoga Park Apartments Sold for $3.7 Million

A 17-unit apartment building in Canoga Park has sold for $3.7 million, according to brokerage Marcus & Millichap Inc.

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Limoneira Reports Quarterly Results, Progress on Housing Project

Limoneira Co. fell short of analyst expectations for quarterly earnings but made progress on its Harvest at Limoneira real estate project during the quarter, the company announced Monday.

Marcus & Millichap Buys Montreal Brokerage

Marcus & Millichap Inc. has expanded its presence in the Canadian market by acquiring McGill Commercial, a regional commercial real estate investment sales firm in Montreal, the company announced late Thursday.

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