SFV REAL ESTATE

State Issues New Rules for Business Reopening Based on County Safety

Gov. Gavin Newsom unveiled statewide guidelines Friday that will allow businesses to reopen based on the severity of the coronavirus pandemic in their county.

Delano Village in Van Nuys Sells for $5.1 Million

Delano Village, an 18-unit apartment property at 14161-14163 Delano St., has sold for $5.1 million.

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Meta Housing to Turn Former North Hills Nursery into Apartments

A 4.35-acre North Hills site formally hosting Green Arrow Nursery at 8845 Sepulveda Blvd. has changed hands for $14 million after a long dormancy.

Infill Industrial Property in Santa Clarita Trades for $28 Million

The largest available industrial facility for sale in Los Angeles’ Industrial North Region has traded for $28.4 million.

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Sherman Oaks Apartments Sell Despite 81 Percent Vacancy

A multifamily property at 14707-14715 W. Magnolia Blvd. in Sherman Oaks has sold for $3.5 million in an all-cash transaction – despite the fact that 13 of the 16 apartments were vacant.

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33-unit Apartment Building Approved in Sherman Oaks

Los Angeles City Planning Commission has approved a proposed mixed-use apartment complex in Sherman Oaks.

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Encino Shopping Center Eyes 2021 Overhaul With New Anchors

ShopCore Properties has announced the overhaul of an Encino mall underway soon to include Target and Planet Fitness as prime anchors.

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Storage Company to Relocate to 53,000-Square-Foot Site in Thousand Oaks

A local storage company has leased a 52,800-square-foot industrial facility in Thousand Oaks at 1467 Lawrence Drive.

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200-Unit Second Phase Coming to Panorama Tower Development

Developer Izek Shomof is seeking entitlements to transform the parking lots surrounding Panorama Tower, his recently opened condominium project in Panorama City, into a major mixed-use complex.

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Developers Collaborate on Westlake Village Coworking Office

In a sign that developers still believe in the collaborative office workspace, Majestic Workspaces — in a joint venture with Premier Workspaces — has opened a coworking site in Westlake Village.

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REIT Sells Simi Valley Office Campus for $25 Million

Griffin Capital Essential Asset REIT announced that it has sold a 273,241-square-foot Simi Valley office campus to an undisclosed investor for $24.5 million.

SK Management Divests Two Lines of Business

Real estate firm SK Management Co. in Encino has divested two of its core lines of business.

Van Nuys Apartments Sell for $680,000 a Unit

An eight-unit Van Nuys multifamily complex has sold for $5.6 million, or $681,250 per unit, according to brokerage Marcus & Millichap Inc.

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Tutor Perini Secures Military Construction Contract Worth $34 Million

A subsidiary of Tutor Perini Corp. has been awarded two contracts valued at about $34 million for work at Marine Corps Base Camp Lejeune in North Carolina.

Four-Story Multifamily Development Proposed for Reseda

The Los Angeles City Council has approved plans for a residential development that will add 27 units to the housing inventory in Reseda.

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