SFV REAL ESTATE

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

Westfield Topanga Cited in City Report on Tax Breaks for Developers

Los Angeles City Controller Ron Galperin has concluded that the city needs to improve on evaluating and negotiating such deals in which the city awards tax breaks and incentives.

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Rapper Opens Marijuana Dispensary in Sylmar

Hip hop artist B-Real of the group Cypress Hill opened a marijuana dispensary Wednesday in Sylmar.

NoHo Multifamily Site Sells for $3.7 million

NAI Capital completed the sale of a 10,040 square-foot mixed-use development site in North Hollywood for $3.7 million (or $349 per square foot), according to the firm.

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Chatsworth Warehouse Flipped for $28.5 Million

In a low-vacancy warehouse market fueled by e-commerce, a renovated 146,000-square-foot industrial property in Chatsworth has sold for $28.5 million.

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28-Unit NoHo Apartment Breaks Ground

Luxury residential builder FMB Development announced Monday that it will break ground on a new multifamily property at 11436 W. Hatteras St. in the heart of North Hollywood.

Marcus & Millichap Hires President for Finance Operation

Calabasas-based real estate brokerage Marcus & Millichap Inc. has hired David Shillington as the new president of its finance subsidiary, Marcus & Millichap Capital Corp.

Illinois Firm to Manage Tarzana Shopping Center

An affiliate of Illinois real estate investment firm Pine Tree LLC has acquired an indirect interest in Tarzana’s Village Walk and has taken over management of the property.

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Burbank Backlot Sold for $85 Million

A 12-building industrial park with aerospace and entertainment tenants in Burbank has sold, fetching nearly $85 million for its seller.

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After Strong Q2, Marcus & Millichap Sees 'Challenging' Months Ahead

Marcus & Millichap reported higher-than-expected results for the second quarter on both net income and revenue.

HGTV Buys ‘Brady Bunch’ House in NoHo

Discovery Inc.’s HGTV network has outbid ‘N Sync singer Lance Bass for the Studio City house that served as the exterior for the home in the popular 1970s sitcom “The Brady Bunch.”

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Two Moorpark Housing Developments Slowed

A pair of unrelated housing projects in Moorpark garnered City Council approval last fall with the promise of bringing 379 units of much-needed housing online in Ventura County. However, neither project has advanced much, according to a Moorpark Acorn report.

Tutor Perini Subsidiary Wins Burbank Water Line Tunnel Project

Los Angeles County Department of Water and Power identified Tutor Perini Corp., the Sylmar construction company, as the low bidder for a $121 million contract to build a tunnel in Burbank.

Preview: New Normal Office

Coworking locations have proliferated in the Valley region.

Public Storage Drops Despite Quarterly Results

Public Storage shares slumped Thursday despite better-than-expected results for the second quarter.

Valencia Glove Maker Expanding into Big Space

Mechanix Wear Inc. will soon expand into one of the largest commercial developments in the Santa Clarita Valley, according to a CoStar Group report.

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