Marcus & Millichap Opens New Ohio Office

Marcus & Millichap Inc. has opened an office of its Institutional Property Advisors division in Ohio.

Chatsworth Firm to Pay for Fraud Claims

A Chatsworth water damage restoration company will pay almost $500,000 relating to an alleged four-year history of fraudulent business practices, according to city of Los Angeles’ attorney’s office.

Valley Hospital Properties Sell in $150 Million Portfolio

Three medical office buildings on or near Valley hospital campuses have sold as part of an 11-property portfolio for $150 million, or $253 square feet.

Tutor Perini Prevails in Court Judgment

Tutor Perini Corp. is slated to receive more than $20 million after the Supreme Court of Nevada upheld a lower court’s ruling that the Sylmar construction firm was entitled to payment related to the construction of a hospitality project in Las Vegas.

Chatsworth Industrial Building Sold

A more than 121,000-square-foot industrial building has sold in the San Fernando Valley for an undisclosed price, according to Coldwell Banker Commercial Advisors in Glendale.

LTC Meets Wall Street Predictions

LTC Properties Inc. reported first-quarter results Monday that met Wall Street expectations.

PennyMac Disappoints, Shares Fall

PennyMac Financial Services Inc. in Westlake Village reported first-quarter earnings and revenue Thursday that fell short of analysts’ expectations, causing a 7.5 percent drop in its share price.

American Homes Increases Income, Revenue

American Homes 4 Rent, the nation’s largest single-family home landlord, surpassed analysts’ estimates for first-quarter revenue.

Data Storage Supplier Renews Chatsworth Lease

DataDirect Networks Inc. has renewed its lease for 90,000 square feet in Chatsworth for another three years, said Lee & Associates-LA North/Ventura in Sherman Oaks.

Gelt Subsidiary to Buy Mobile Homes

Tarzana real estate investment firm Gelt Inc. has formed a new company to buy and manage mobile home and recreational vehicle parks.

Earnings: Cheesecake, Tutor Perini, Second Sight, MRV

Cheesecake Factory Inc. saw net income jump nearly 5 percent year-over-year in the first quarter of 2017, but the Calabasas restaurant group still fell short of Wall Street expectations for earnings and revenue.

IMT Sells Granada Hills Complex for Nearly $20 Million

Apartment developer and operator IMT Residential in Sherman Oaks has sold its 52-unit apartment complex in Granada Hills for about $19.5 million, according to Marcus & Millichap Inc. in Calabasas.

Tutor Perini Wins Contracts Worth Nearly $780 Million

Sylmar construction company Tutor Perini Corp. said it has won contracts for four projects with a total value of about $774 million.

Simi Warehouse Sells for Nearly $17 Million

A nearly 139,000-square-foot warehouse has sold in Simi Valley for $16.5 million.

Preview: SPECIAL REPORT: Growth or No Growth?

If developers get their way, 600-plus new apartments and a new supermarket will rise in Sherman Oaks over the next few years, but their visions have sparked backlashes from residents who believe the projects will degrade rather than improve their communities.