SFV REAL ESTATE

$32 Million Land Parcel in Mission Hills Bought by Cemetery Operator

A 28-acre plot of land at 11630 Indian Hills Road has sold for $32 million, according to Colorado-based brokerage IREA.

Glendale Office Building to Become Residential Condos

Pasadena development firm Adept will begin work by the end of this year to convert a 1980s office building in Glendale into condominiums.

Tease photo

29-Unit Apartment Complex in Glendale Sold for $7.9 Million

Lexington Apartments, a 29-unit community at 1111 E. Lexington Drive in Glendale, has sold for $7.9 million, or $272,414 per unit.

Tease photo

Warner Center Stadium Goes Forward With 7,500 Seats

zoning administrator has signed off on an early step toward the establishment of a sports and entertainment stadium in Woodland Hills on 34 acres of the Westfield Promenade mall.

Tease photo

REIT Sells Burbank Hotel for $72.9 Million

Pebblebrook Hotel Trust has sold the Hotel Amarano Burbank for $72.9 million, after purchasing the property last winter for less than $500,000.

Tease photo

Valley Home, Condo Prices Hit Record Highs

Median prices of homes and condominiums in the San Fernando Valley that closed escrow during June hit record highs even as sales slowed due to limited inventory.

Developer Plans 56 Affordable Apartments for Sylmar

A developer has proposed 56 new apartments to be built on a vacant lot in Sylmar at 12663-12667 N. San Fernando Road.

Tease photo

Preview: Valley's Last Orange Grove?

One of the San Fernando Valley’s last orange orchards is for sale with plans for development.

Public Storage Acquires Georgia Facilities

Public Storage has acquired two new locations in Augusta, Ga.

Northridge Apartment Complex Near Campus Sells for $7 Million

Cambridge Courtyards, a 28-unit apartment complex at 17931 Devonshire St. in Northridge, has sold for $7 million.

Tease photo

Newbury Park Developer Gets Approval for Old Town Camarillo Apartments

The Camarillo Planning Commission has approved Lustra Development LLC’s proposed pair of two-story apartment buildings to be erected on an Old Town Camarillo parking lot.

Calabasas Hotel Breaks Ground

Ground has officially broken on the building of Cambria Hotel Calabasas – Malibu, a three-story, 125-room upscale hotel off the 101 freeway at near Agoura Road.

Tease photo

NoHo Postal Facility Site Trades for $6.6 Million

An industrial property at 7025-7037 Laurel Canyon Blvd. in North Hollywood has traded for $6.6 million.

Tease photo

18-Unit Glendale Multifamily Sold for $6 Million

A two-property townhome complex totaling 18 units has sold for $5.95 million, or $330,556 per unit, to an unidentified local buyer, according to brokerage CBRE Group Inc.

Tease photo

VEDC Continues Operating After Court Approval

In a court hearing Wednesday, Central District of California Judge Deborah Saltzman approved several emergency “first day” motions that will keep the Valley Economic Development Center operating after its Chapter 11 bankruptcy filing last week.