Industrial Broker Joins Delphi

Mike Centurioni, a commercial real estate broker for the last 18 years, has joined Van Nuys-headquartered Delphi Business Properties Inc. as a senior vice president.

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Earnings: Marcus & Millichap Beats Estimates, LTC Properties’ Revenue Declines

Marcus & Millichap beats Wall Street expectations, while LTC Properties reports a slight decline in revenue.

Low Interest Rates, Low Inventory Drive Up Valley Home Prices

Interest rates near historic lows fueled strong Valley home sales last month, pushing prices higher even as the inventory of homes for sale fell to a record low.

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Caruso Wins Approval to Build Apartments in Thousand Oaks

Caruso has received unanimous approval to rezone land behind its retail center The Lakes for a residential project.

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Mixed-Use Residential Development Aims for 132 Units in Sylmar

A mixed-use project with a large-scale residential component has been proposed for Sylmar, according to city of Los Angeles records.

Velocity Financial Secures $375 Million in Credit

Velocity Financial Inc. has fresh money to make new mortgage loans.

Nine Houses Proposed for Half-Acre in Winnetka

Winnetka may have new housing soon, according to city of Los Angeles Planning Department documents.

Residential Development Denied at Camarillo Golf Course

A rezoning request to build 79 homes at a golf course has been rejected by the Camarillo City Council.

Las Posas Country Club Sells to Partnership

A joint venture between Dallas-based Century Golf Partners and South Korea’s Hankuk Industrial has purchased Las Posas Country Club in Camarillo.

Tarzana Firm Pays Nearly $101 Million for Denver Apartment Complex

Tarzana-based real estate investment firm Gelt Inc. announced has acquired Regatta Apartments, a 352-unit multifamily community in the Denver metro market for nearly $101 million.

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Universal Studios to Build Office Campus on Backlot

A 400,000-square-foot office campus is coming to NBCUniversal in Universal City.

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Warner Center Firm Makes $43 Million Investment in Georgia Multifamily

Warner Center-based real estate firm Investors Management Group has acquired an Atlanta apartment complex for $42.9 million, according to the company.

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Needham Ranch Begins Second Phase of Construction

Construction on Phase II of Santa Clarita industrial park The Center at Needham Ranch has begun.

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Warner Landmark Property Ready for Revamp With Hotel

Avi Lerner has proposed a plan to redevelop the building called Warner Landmark at 21555 Oxnard St. in Woodland Hills.

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PennyMac’s Stanford Kurland Dies of COVID

Stanford Kurland, founder and chairman of Westlake Village mortgage brokerage PennyMac Financial Services Inc., has died from complications related to COVID-19, the company announced.

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