Toluca Lake Apartment Complex Breaks Ground

The city of Los Angeles has approved L.A. developer Frost/Chaddock to build a five-story multifamily residential complex in Toluca Lake with a total 96 residential units, including eight very-low-income apartments.

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Apartment Portfolio in Valley Sells for Nearly $23 Million

Universal Holdings in Century City has paid $22.7 million for a San Fernando Valley multifamily portfolio with a total of 123 units.

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Tejon Ranch Turns Profit in Fourth Quarter

Tejon Ranch Co. reported its fourth-quarter and full-year earnings on Monday, according to the company.

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Valley Residents Arrested in $17 Million Real Estate Scam

Five San Fernando Valley residents allegedly extorted more than $17 million from cash-strapped homeowners through a real estate scheme involving fraudulent deeds, according to federal authorities.

Chatsworth Builder Purchases Downtown Phoenix Property

Chatsworth builder Daniel Bernstein & Associates Inc. has paid $1.1 million for a downtown Phoenix property with plans for infill housing, according to Bisnow.

Earnings: Marcus & Millichap, Limoneira

Marcus & Millichap reports higher annual revenues, while Limoniera benefits from tax reform.

PS Business Parks Divests Irvine Office Complex

PS Business Parks Inc. has sold the Corporate Pointe Business Park in Orange County.

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Day Care Center Changes Hands

A Westlake Village retail building that his home to Rolling Oaks Child Development Center has sold for $3.3 million, or nearly $427 a square foot, in a deal closed Jan. 26, according to CoStar Group.

Van Nuys Icehouse Sells for $2.9 Million

A Van Nuys warehouse that is home to ice manufacturers has sold for $2.9 million (or $202 a square foot) in a deal closed Feb. 21, according to CoStar Group.

B. Riley Names Head of Wealth Management Strategy

B. Riley Financial Inc. has named Chuck Hastings as director of wealth management strategic initiatives, the company announced Friday.

Warner Center Multifamily Complex Sells for $96.5 million

SPI Holdings has purchased the sprawling 324-unit Warner Villa apartment complex near the Warner Center for $96.5 million, according to The Real Deal.

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Moorpark Warehouse Sells for $6.13 Million

VZD Industrial Investments LLC has purchased a warehouse at 14399 Princeton Ave. in Moorpark for $6.13 million, according to CoStar Group.

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Genesis Capital Doubles Footprint With Sherman Oaks Lease

Genesis Capital LLC has inked a lease to double its current office space, according to Lee & Associates-LA North/Ventura Principal Darren Casamassima, who represented Genesis in the transaction.

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Revenue Keeps Growing at American Homes 4 Rent

American Homes 4 Rent increased its revenue for the fourth quarter and full year, the company announced Thursday.

North Hollywood Warehouse Sold for $6.15 Million

An industrial complex at 13401 Saticoy St. in North Hollywood has sold for $6.15 million to Regent Commercial Holdings LLC, according to brokerage Lee & Associates-LA North/Ventura.

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