SFV REAL ESTATE
MWest Holdings Buys Canoga Park Townhouses for $12 Million
Los Angeles-based MWest Holdings has acquired Sunset Gardens, a 42-unit townhome community in Canoga Park, for $12 million, according to the company.
Warner Center Site to Host Five-Story Apartment Building
A five-story, 310,490-square-foot multifamily structure —featuring 275 residential units and 418 parking spaces — is planned for an industrial site at 21001 W. Kittridge St. in Woodland Hills, according to Urbanize.LA.
American Homes 4 Rent Appoints New CFO
American Homes 4 Rent has appointed Christopher Lau as chief financial officer, effective July 1, the Agoura Hills-based company announced Wednesday.
Calabasas Office Building Sells for $11 Million
A building at Corporate Center Calabasas has sold for $11 million, brokerage CBRE Group Inc. announced Tuesday.
HUB Exec to Specialize in Insurance for Real Estate Industry
HUB California has hired Mark Dobbs as a vice president for its national Real Estate Specialty Practice in Westlake Village.
Canoga Park Apartment Complex Sells for $17.6 Million
The Park Place apartment complex at 8700 De Soto Ave. in Canoga Park has sold for nearly $17.6 million, according to the Encino office of brokerage Marcus & Millichap Inc.
Tarzana Multifamily Trades for $11.3 Million
A 52-unit apartment complex at 6251-6267 Reseda Blvd. in Tarzana has traded hands for nearly $11.3 million, or $216,346 per unit.
Reseda Retail Property Sells for $3.8 Million
In Reseda, a 10,873-square foot retail property has sold for $3.8 million, according to James Brian Markel, regional manager of the Encino office of brokerage Marcus & Millichap Inc.
Construction Begins on Warner Center Multifamily
Los Angeles-based developer CityView has broken ground on a multifamily development in Warner Center.
Blumenfield Motions for Inclusionary Housing in Warner Center
Last week, L.A. City Councilmember Bob Blumenfield formally called for inclusionary housing in Warner Center, according to Urbanize.LA.
Marcus & Millichap Acquires Midwest Commercial Brokerage
Calabasas-based brokerage Marcus & Millichap Inc. has entered into a definitive agreement to acquire the assets of Pinnacle Financial Group Inc., a Cleveland-based commercial real estate mortgage brokerage and servicing firm.
Local Builder to Construct Parking Garage
Klorman Construction has been selected to construct a parking garage for the 48-unit Mercy Housing Pico-Robertson Affordable Senior Housing Complex in Los Angeles.
Valencia Industrial Building Trades for $20.7 Million
A Valencia industrial building offering a combined 173,056 square feet of distribution and manufacturing space has sold for $20.7 million, according to listing agency NAI Capital Inc.
Tutor Perini Bids Low on Projects Totaling $1 Billion
Tutor Perini Corp. has made low bids for three new civil projects that will total approximately $1 billion.
Tejon Ranch Swings to Profit
Tejon Ranch Co. had net income for the first quarter in contrast to a loss during the same period a year ago, the company announced Monday.