SFV REAL ESTATE

Jeff Bezos Gives $5 Million to L.A. Family Housing

Amazon Inc. Chief Executive Jeff Bezos’ philanthropic fund has donated $5 million to North Hollywood nonprofit L.A. Family Housing.

Beacon Capital Buys Glendale Office Building for $160 Million

Beacon Capital Partners will buy the 22-story office tower that once served as the U.S. headquarters for Nestlé from Piedmont Office Realty Trust for a reported $160 million, or $303 per square foot.

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Studio City Office Building Sale Sets Per-Square-Foot Record

A renovated Studio City office building has sold for $4.62 million, or $750 per square foot.

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Developer Plans Multifamily in Sun Valley

Developer GATA Woodley LLC has filed an application with the Los Angeles Department of City Planning to develop a vacant lot in Sun Valley for a multifamily project.

Glendale’s Onyx Complex Sells for $86 Million

An undisclosed institutional buyer has acquired the Onyx, a mixed-use property in Glendale, for $86.2 million.

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Hi-Speed Rail Slows Tutor Perini

The Tutor Perini Corp. on Wednesday reported third quarter earnings and revenue that not only were lower than last year but fell significantly short of expectations.

Valencia Landscaping Company Expands Into Nevada

Landscape Development Inc. announced that its maintenance division, Enhanced Landscape Management, has completed the asset purchase of Las Vegas-headquartered NewTex Landscape Inc.

Tejon Ranch to Build 580,000 SF Warehouse

Tejon Ranch Co. and Majestic Realty Co. have formed a new joint venture to construct a 580,000-square-foot industrial facility.

Study: Los Angeles Ranks No. 2 in Tech Office Growth

Los Angeles’ technology sector is growing — and so is the rent for tech office space, according to a recent study from brokerage firm CBRE Group Inc.

Blumenfield Concerned Over Lack of Affordable Housing in Warner Center

Since the Warner Center 2035 Specific Plan launched in late 2013, there has been a burst of multifamily development, but now a principal author of the plan wants to fix its approach to affordable housing.

PS Business Parks Sells Orange County Office Complex

PS Business Parks Inc. has completed the sale of an Orange County office park to an undisclosed buyer.

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Construction Starts on Toluca Lake Apartment Complex

Construction has begun on Frost-Chaddock Developers’ multifamily complex in Toluca Lake, where a promised five-story building with 96 units are in progress, per an Urbanize.LA report.

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Charles Dunn Co. Closes Brokerage Business

In a memo to staff and agents, Charles Dunn Co. Inc. gave notice Wednesday that the company’s brokerage business was folding.

Colliers Brokerage Team Moves to NAI Capital

A top team of Colliers International brokers has joined NAI Capital.

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Urban Fulfillment to Close Westlake Village Office, Lay Off 85

Urban Fulfillment Services LLC is closing its Westlake Village operations, resulting in the elimination of 85 jobs.