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

Developer Eyes Marriott Hotel in Encino

A Marriott hotel tower in Encino with views of Ventura Boulevard – that’s the plan proposed by Irvine’s DKN Hotels, according to Encino Neighborhood Council.

Burbank Apartments Sold for $6.5 Million

The Capri Apartments in Burbank have sold for $6.46 million, or $307,619 per unit.

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Multifamily Portfolio in Burbank Fetches $31.3 Million

An 84-unit apartment portfolio in Burbank has sold for $31.3 million, or $372,000 per unit.

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Cusumano Family Gives $1 Million to Boys & Girls Club in Burbank

The Cusumano family has donated $1 million to the Boys & Girls Club of Burbank and Greater East Valley to purchase a new clubhouse.

Moorpark City Council Greenlights High Street Depot

Westlake Village developer Daly Group Inc. has received the go-ahead to construct High Street Depot in Moorpark.

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Glendale Apartment With Nine Units Sells for $4 Million

A private investor has acquired Dryden Townhome Apartments in Glendale in a 1031 exchange for $4 million, or $451,000 per unit.

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Hilton Universal City Construction to Begin in 2023

Expansion of the Hilton Universal City hotel now has a timeline.

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Law Firm Buys Valley Village Office Building for $5.3 Million

An office building in Valley Village has been purchased by Alder Law, a Los Angeles-based legal firm, for $5.3 million, or $266 per square foot.

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Valencia Office Condo Fetches $2.1 Million

An office condominium has sold in Valencia for $2.1 million.

Entertainment Service Company Leases 275,000 Square Feet in Valencia

Triscenic Production Services has added 275,000 square feet to its industrial presence in the Santa Clarita Valley.

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Tutor Perini Wins $47 Million Navy Contract

Tutor Perini Corp. announced this week that it had received a $47 million task order to design and build a facility for the U.S. Navy on the island of Guam.

Valencia Atrium Office Building Sells for $15 Million

Valencia Atrium, a three-story office building in Santa Clarita, has sold for $15 million.

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Burbank Post-Production Facility Fetches $2 Million

Allan Falk, owner of Post Haste Digital & Post Haste Sound Inc., has purchased a creative office and post-production facility in Burbank for $2 million.

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Gelt Buys Oregon Multifamily for $30 Million

Tarzana-based real estate firm Gelt Inc. has made a $30 million investment in Gresham, Ore. with the acquisition of Silverwood Apartments.

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Investor Purchases 18 of 20 Condo Units in Mission Hills for $4.8 Million

Agents at brokerage Marcus & Millichap Inc. have negotiated the purchase of 18 condominium units in Mission Hills for $4.8 million, or $267,222 per unit.

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