SFV REAL ESTATE
$32 Million Land Parcel in Mission Hills Bought by Cemetery Operator
A 28-acre plot of land at 11630 Indian Hills Road has sold for $32 million, according to Colorado-based brokerage IREA.
Glendale Office Building to Become Residential Condos
Pasadena development firm Adept will begin work by the end of this year to convert a 1980s office building in Glendale into condominiums.
29-Unit Apartment Complex in Glendale Sold for $7.9 Million
Lexington Apartments, a 29-unit community at 1111 E. Lexington Drive in Glendale, has sold for $7.9 million, or $272,414 per unit.
Warner Center Stadium Goes Forward With 7,500 Seats
zoning administrator has signed off on an early step toward the establishment of a sports and entertainment stadium in Woodland Hills on 34 acres of the Westfield Promenade mall.
REIT Sells Burbank Hotel for $72.9 Million
Pebblebrook Hotel Trust has sold the Hotel Amarano Burbank for $72.9 million, after purchasing the property last winter for less than $500,000.
Valley Home, Condo Prices Hit Record Highs
Median prices of homes and condominiums in the San Fernando Valley that closed escrow during June hit record highs even as sales slowed due to limited inventory.
Developer Plans 56 Affordable Apartments for Sylmar
A developer has proposed 56 new apartments to be built on a vacant lot in Sylmar at 12663-12667 N. San Fernando Road.
Preview: Valley's Last Orange Grove?
One of the San Fernando Valley’s last orange orchards is for sale with plans for development.
Public Storage Acquires Georgia Facilities
Public Storage has acquired two new locations in Augusta, Ga.
Northridge Apartment Complex Near Campus Sells for $7 Million
Cambridge Courtyards, a 28-unit apartment complex at 17931 Devonshire St. in Northridge, has sold for $7 million.
Newbury Park Developer Gets Approval for Old Town Camarillo Apartments
The Camarillo Planning Commission has approved Lustra Development LLC’s proposed pair of two-story apartment buildings to be erected on an Old Town Camarillo parking lot.
Calabasas Hotel Breaks Ground
Ground has officially broken on the building of Cambria Hotel Calabasas – Malibu, a three-story, 125-room upscale hotel off the 101 freeway at near Agoura Road.
NoHo Postal Facility Site Trades for $6.6 Million
An industrial property at 7025-7037 Laurel Canyon Blvd. in North Hollywood has traded for $6.6 million.
18-Unit Glendale Multifamily Sold for $6 Million
A two-property townhome complex totaling 18 units has sold for $5.95 million, or $330,556 per unit, to an unidentified local buyer, according to brokerage CBRE Group Inc.
VEDC Continues Operating After Court Approval
In a court hearing Wednesday, Central District of California Judge Deborah Saltzman approved several emergency “first day” motions that will keep the Valley Economic Development Center operating after its Chapter 11 bankruptcy filing last week.