SFV REAL ESTATE

Two Valley Apartment Portfolios Sell for Nearly $12 Million

Real estate brokerage Marcus & Millichap Inc. in Calabasas has sold two separate multifamily portfolios in the San Fernando Valley totaling 61 units between four buildings.

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Xebec to Renovate Chatsworth Warehouse for E-commerce

Xebec Realty has announced the purchase of an industrial facility in Chatsworth, which the Dallas-based real estate investment company plans to renovate for e-commerce deliveries.

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Colliers Appoints Executive to Oversee Valley Offices

To further expand its business in the five-county Los Angeles commercial real estate market, Colliers International has appointed a new executive to oversee seven offices, including three in the greater Valley region.

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Independent Movie Studio Leases Valencia Warehouse

An unidentified independent studio operator with an existing Santa Clarita Valley presence has signed a new 166,359-square-foot lease at Rockefeller Crossing.

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Construction Begins on Glendale Holiday Inn

A Glendale gym at 1001 E. Colorado St. has been demolished to make way for the construction of a new Holiday Inn & Suites hotel, now underway.

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NoHo Development With 27 Homes Breaks Ground

Los Angeles real estate developer Verono Homes has begun building its first project in North Hollywood, called Outline at NoHo.

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ServiceTitan to Occupy Former Nestle Space in Glendale

ServiceTitan Inc. is expanding into a Glendale office building once occupied by Nestle USA.

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Rex Home Brokerage Expands on East Coast

Digital real estate brokerage Rex is expanding its service to Philadelphia, southern New Jersey and, soon, Delaware.

Bedfellows Building in Studio City Sold

A Studio City retail building located at 12250 Ventura Blvd. that was most recently home to the mattress business Bedfellows has sold for an undisclosed price.

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Tudor Office Building Sells for $5.4 Million

The Tudor office building in Woodland Hills has sold for $5.4 million, or $228.68 per square foot.

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Three People Injured in Canoga Park Industrial Explosion

Three people were injured after an explosion rocked a Canoga Park industrial area Wednesday that collapsed part of the building’s roof and tore through three units.

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Valley Home Sales Reach Record Low as Prices Fall

The number of homes sold last month in the San Fernando Valley reached a record low for February, even as inventory expanded and prices softened, according to a report from the Southland Regional Association of Realtors.

Newhall Retail Center Sells for $2.5 Million

A multi-tenant retail property in Newhall has sold in an all-cash transaction for $2.45 million, or $389 a square foot.

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Commercial Real Estate Awards Honors Valley's Best

San Fernando Valley Business Journal handed out its Commercial Real Estate Awards Thursday night during a dinner event held at the Hilton Woodlands Hills hotel.

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Rain Storms Delay Shopping Center Opening in Porter Ranch

A series of rain storms has delayed the official rollout of Porter Ranch shopping center The Vineyards, which was originally scheduled to begin opening stores this week.

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