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

Northridge Apartment Complex Near Campus Sells for $7 Million

Cambridge Courtyards, a 28-unit apartment complex at 17931 Devonshire St. in Northridge, has sold for $7 million.

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Newbury Park Developer Gets Approval for Old Town Camarillo Apartments

The Camarillo Planning Commission has approved Lustra Development LLC’s proposed pair of two-story apartment buildings to be erected on an Old Town Camarillo parking lot.

Calabasas Hotel Breaks Ground

Ground has officially broken on the building of Cambria Hotel Calabasas – Malibu, a three-story, 125-room upscale hotel off the 101 freeway at near Agoura Road.

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NoHo Postal Facility Site Trades for $6.6 Million

An industrial property at 7025-7037 Laurel Canyon Blvd. in North Hollywood has traded for $6.6 million.

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18-Unit Glendale Multifamily Sold for $6 Million

A two-property townhome complex totaling 18 units has sold for $5.95 million, or $330,556 per unit, to an unidentified local buyer, according to brokerage CBRE Group Inc.

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VEDC Continues Operating After Court Approval

In a court hearing Wednesday, Central District of California Judge Deborah Saltzman approved several emergency “first day” motions that will keep the Valley Economic Development Center operating after its Chapter 11 bankruptcy filing last week.

Warner Center Senior Living Complex Approved

Dallas-based developer South Bay Partners has received approvals from the city of Los Angeles to create a senior living facility in Warner Center.

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Majestic Sells Last Buildings at Agoura Tech Campus for $17.7 Million

Majestic Asset Management Inc. in Van Nuys, which two years ago purchased Tech Park @ Canwood, has sold the remaining two of four buildings at the Agoura Hills creative flex campus for $17.7 million.

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Burbank’s Insomniac Games Expands Presence

Burbank-based Insomniac Games will expand its headquarters by another 11,437 square feet at the Media Studios complex.

Development Firm Buys Sherman Oaks Land Parcel for $58 Million

IMT Capital has purchased 5 acres of Sherman Oaks land for $58 million, according to CoStar data.

Auto Repair Chain Buys Moorpark Warehouse for $10 Million

A local tire shop chain has bought a nearly 70,000-square-foot industrial building in Moorpark for $10.2 million.

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Affordable Housing Proposed in North Hills

A proposed project in North Hills filed June 27 with Los Angeles Department of City Planning would bring 54 units to the neighborhood, per an Urbanize.LA report.

Combined 112 Units in Tarzana Sell for $26 Million

A pair of apartment buildings at 5919 and 5931 Reseda Blvd. in Tarzana totaling 112 units has sold for $25.8 million.

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Glendale Apartment Complex Trades for $7.6 Million

A 19-unit multifamily property in Glendale has sold for $7.6 million, according to brokerage CBRE Group Inc.

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Burbank's Talaria Development Wins Architecture Award

Talaria at Burbank, the new apartment complex from Cusumano Real Estate Group, has won the Grand Award winner at the 2019 Gold Nugget Awards.