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

Valley Contractor to Build Electric Car Manufacturing Plant

Electric vehicle manufacturer Faraday Future has selected San Fernando-based construction company Bernards as the general contractor to create its new, 1 million-square-foot factory in Hanford.

Twin Towers May Bring 610 Residential Units to Warner Center

Real estate developer Sandstone Properties Inc. has submitted plans to construct two residential towers at 6400 N. Canoga Ave.

Tutor Perini Wins $410 Million Contract for Purple Line Extension

Tutor Perini Corp. announced Friday that its joint venture with Frontier-Kemper has won a contract to build tunnels for Los Angeles County Metropolitan Transportation Authority’s Purple Line Extension project.

Developer to Expand Sheraton Universal Hotel

A developer has filed with plans with the city of Los Angeles to expand the existing Sheraton Universal Hotel near Universal Studios Hollywood.

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Lancaster Homeless Project Breaks Ground

A groundbreaking on Thursday officially started construction in Lancaster for Kensington Campus, a facility to provide shelter and services for the homeless.

Palmdale Retail Site Sells for $10.2 Million

Valuerock Investments Partners LLC has purchased a 54,942-square-foot retail property in Palmdale from HFC/PRP Palmdale LLC for nearly $10.2 million.

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Developer Proposes Encino Assisted Living

A Pacoima developer plans to build an assisted living facility at 17017 Ventura Blvd. in Encino, according to the Real Deal.

Lemons Sweeten Limoneira’s Second Quarter

Higher lemon prices propelled Limoneira Co. to higher net income and revenue during the company’s fiscal second quarter.

Cornerstone Development in Agoura Hills Rebuffed by Court

Los Angeles Superior Court has ruled against the city of Agoura Hills, suspending the progress of developer Doron Gelfand’s Cornerstone, a proposed 8.2-acre retail, office and residential project at Cornell and Agoura roads that promises to become Agoura Village’s first major development.

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Preview: Rethinking the Mall

Northridge Fashion Center plans to turn third floor into creative offices.

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City Sues Van Nuys Motel in Criminal Crackdown

Los Angeles City Attorney Mike Feuer has filed a lawsuit against the owners of the Hyland Motel on Sepulveda Boulevard in Van Nuys seeking an injunction to curb alleged drug sales, prostitution and violent gang crime at the property, the city attorney’s office announced Thursday.

New Movie Ranch Coming to Simi Valley

Last week, Allied Pacific Studios signed with Simi Valley Waste Management to lease a 1,000-acre portion of the Simi Valley Landfill, located in unincorporated Ventura County, to develop as a movie ranch, according to a Simi Valley Acorn report.

Two Reseda Apartment Buildings Sell for $9.3 Million

Marcus & Millichap has announced the sale of a 39-unit Reseda apartment portfolio featuring a pair of Reseda buildings that sold for a combined $9.3 million, or $313 per square foot, according to James Brian Markel, regional manager of the firm’s Encino office.

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Public Storage’s European Affiliate May Go Public

Public Storage’s affiliate in Europe, Shurgard Self Storage Europe, is considering an initial public offering.

Northridge Mall to Convert Retail Floor to Creative Offices

Northridge Fashion Center will convert 45,000 square feet of former retail space to creative offices and has hired Charles Dunn Co.’s Los Angeles Tri-Cities office to market the property.

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