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

Credit Union Buys Burbank Office Building

An office building in Burbank has sold to Burbank City Federal Credit Union for $3.75 million, according to brokerage Lee & Associates-LA North/Ventura.

Doheny Eye Institute Buys Former Avery Dennison HQ

Doheny Eye Institute of Boyle Heights has acquired a four-story Pasadena office building for $50 million, according to brokerage Charles Dunn Co.

Mixed Use Valley Village Complex Sold for $2 Million

A combination office building and rental housing complex in Valley Village has sold for $2 million, according to commercial brokerage Marcus & Millichap.

Moorpark Industrial Building Sold

The Moorpark manufacturing and warehousing complex formerly occupied by Kavlico, the specialty sensor manufacturer now in Thousand Oaks, has been sold, according to brokerage Newmark Knight Frank.

Vegas Shooting, MGM Policies Impact Tix Corp.

Tix Corp. said the Las Vegas shooting and new ticket policies at the MGM hotel chain have impacted its revenue.

Realtors Association Posts Ads Opposing Tax Reform Bill

The California Association of Realtors has taken out full-page advertisements in major national news telling President Donald Trump and California’s congressional delegation that Trump’s proposed Tax Reform Plan would punish California residents should it become law.

Cusumano Sells Burbank Apartments for $59 Million

Cusumano Real Estate Group has sold a two-building apartment complex in Burbank for $59 million, according LA Commercial Agency/KW Commercial in Encino, which handled the deal.

Union Holds Protest in Warner Center

Workers and supporters of the local operating engineers union made themselves heard Monday morning during a protest at the Warner Center in Woodland Hills.

Newhall Ranch to Preserve 1,500 Acres for Wildflower

Newhall Land and Farming Co., developers of the proposed Newhall Ranch project in the Santa Clarita Valley, has agreed to preserve an additional 1,500 acres for a flower that grows there and only one other place.

Limoneira Breaks Ground on 1,500 Home Project

Limoneira Co., an independent lemon grower in Santa Paula, began construction Wednesday on a master planned community some 10 years in the making.

Construction Delays Impact Tutor Perini’s Q3

Construction firm Tutor Perini Corp. of Sylmar disappointed Wall Street Thursday with third-quarter earnings that missed estimates due to project delays.

Vacant Chatsworth Building Sells for $23 Million

A 142,000-square-foot industrial building in Chatsworth on nearly 7 acres has traded for $23 million, according to California Realty Group in Santa Monica.

Marcus & Millichap Increases Earnings, Revenue

Marcus & Millichap Inc. reported third-quarter results on Tuesday that beat Wall Street expectations.

Tutor Perini Wins Baltimore Bridge Contract

Tutor Perini Corp. has emerged as the low bidder for a bridge and tunnel project in Baltimore worth $189 million, the company announced Tuesday.

Majestic Sells Part of Agoura Hills Office Campus

Majestic Asset Management Inc. in Van Nuys has sold two of four buildings in the Agoura Hills creative flex campus it remodeled after buying the park last year.