A North Hollywood apartment complex has sold for $643,000 per unit, a record price for the NoHo market, according to listing brokerage Marcus & Millichap.
In residential real estate, Glendale continues to grab the attention of buyers as two multifamily properties brought in a combined $33.6, according to Costar Group.
Gemdale USA has closed a deal in Santa Clarita Valley to buy The Madison apartments at Westfield Valencia Town Center for $45.9 million, or more than $353,000 per unit, according to Costar Group.
Although tourism is at an all-time high in the Los Angeles market, the San Fernando Valley region finds itself playing catch-up to get a piece of that action.
Woodbridge Group of Cos. in December made headlines after it filed for Chapter 11 protection and was subsequently sued by the Securities and Exchange Commission for allegedly running a billion-dollar Ponzi scheme.
Intercontinental Real Estate has purchased the Connexion Burbank complex at 303 N. Glenoaks Blvd. for roughly $125 million, or $370 per square foot, according to Costar Group.
LTC Properties Inc. on Thursday announced a $10 million joint venture with an affiliate of Affinity Living Group.
The 5,100-square foot medical office building at 15450 Ventura Blvd. in Sherman Oaks has sold for $3.8 million, according to Calabasas brokerage Marcus & Millichap.
A portfolio of four retail properties at 9110 De Soto Ave. in Chatsworth has sold for $4.85 million, according to Costar Group.
Broker Jeff Puffer has taken over ownership of Delphi Business Properties Inc. and assumed the role of chief executive, the company announced Friday.
The Westfield Group is moving ahead with plans to remake the Westfield Promenade shopping center into a big mixed-use complex, including a sports facility that could house a minor league baseball team. But there is a small possibility that Amazon.com Inc. could choose the site as its second headquarters, seriously changing those plans.
Townsgate Technology Center, a 60,478-square-foot office building in Westlake Village, has sold for $12 million, or $198 a square foot.
The Madison at Town Center, a 130-unit multifamily development in Valencia, sold for $45.9 million, or more than $350,000 per unit, according to Calabasas brokerage Marcus & Millichap Inc.
House and condo prices hit record highs in the San Fernando Valley and the cost of Santa Clarita Valley home ownership also rose in 2017, according to annual reports released by Southland Regional Association of Realtors.
A fund managed by CBRE Global Investors Ltd. has acquired two Glendale office buildings and a parking garage from Blackstone Group for $122 million, according to CoStar Group.