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

Judge Rules on Centennial at Tejon Ranch

A judge has ruled on the progress of the master planned mixed-use residential community Centennial at Tejon Ranch with both its developer, Tejon Ranch Co., and opposing environmental groups declaring the verdict – announced earlier this week – a victory.

Preview: Fire-Resistant Building Materials Stir Debate

Builders see more cost; officials want safety.

Hermes Signs Lease at Westfield Topanga

Hermès, a luxury retailer of men’s apparel, fragrances and fashion accessories headquartered in Paris, has signed a lease for a new store to anchor an expansion at the Westfield Topanga shopping center in Woodland Hills.

Rising Realty Sells Calabasas Office Park for $79 Million

Rising Realty Partners has sold Park Calabasas — a 225,000-square-foot office campus sprawled across more than 20 acres in Calabasas — for $79 million.

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Phase II Under Construction at Conejo Spectrum Business Park

Sares-Regis Group has embarked on Phase II of its nine-building Conejo Spectrum Business Park in Thousand Oaks.

Van Nuys Warehouse Sells for $2.2 Million

A Van Nuys warehouse has sold for $2. 2 million, or $419 per square foot.

Two-Story Calabasas Office Building Fetches $12.7 Million

A two-story office building at a Calabasas business park has sold for $12.7 million, or $271 per square foot.

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Apartment Complex With 64 Units Proposed in Van Nuys

A developer has proposed a multifamily complex with 64 units for a Van Nuys address, according to city of Los Angeles records.

Glendale Apartment Complex Fetches $5.3 Million

A private investor has acquired the Winlake Apartments in Glendale for $5.3 million, or $314,705 per unit, in a 1031 exchange.

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Commercial Real Estate Awards Celebrate Winners in Tough Year

The Business Journal recognized the top brokers and projects for 2020 in a virtual Commercial Real Estate Awards event.

New Chief Executive at PS Business Parks

Glendale-based PS Business Parks Inc. has appointed Dan “Mac” Chandler III as the company’s chief executive officer, effective April 5.

Six-Building Van Nuys Industrial Park Sells for $19 Million

A six-building multitenant industrial business park in Van Nuys has sold for $19.3 million, or $247 per square foot.

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Joint Venture Breaks Ground on Supportive Housing Complex in Sylmar

Joint venture partners Meta Housing Corp. and LA Family Housing have officially broken ground on construction of Silva Crossing, a 56-unit permanent supportive housing project in Sylmar.

American Homes 4 Rent Reports Higher Revenue, Earnings

American Homes 4 Rent beat Wall Street estimates on earnings for the fourth quarter while matching on revenue.

Warner Center Firm IMG Sells North Carolina Apartments for $30 Million

Woodland Hills-based real estate firm Investors Management Group Inc. has sold a two-property multifamily portfolio in Raleigh, North Carolina to Abacus Capital Group for $29.8 million.

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