Los Angeles-based MWest Holdings has acquired Sunset Gardens, a 42-unit townhome community in Canoga Park, for $12 million, according to the company.
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 has appointed Christopher Lau as chief financial officer, effective July 1, the Agoura Hills-based company announced Wednesday.
A building at Corporate Center Calabasas has sold for $11 million, brokerage CBRE Group Inc. announced Tuesday.
HUB California has hired Mark Dobbs as a vice president for its national Real Estate Specialty Practice in Westlake Village.
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.
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.
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.
Los Angeles-based developer CityView has broken ground on a multifamily development in Warner Center.
Last week, L.A. City Councilmember Bob Blumenfield formally called for inclusionary housing in Warner Center, according to Urbanize.LA.
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.
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.
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 Corp. has made low bids for three new civil projects that will total approximately $1 billion.
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.