SFV REAL ESTATE

Tejon Ranch Raises $90 Million for Development

Tejon Ranch Co. near Lebec announced it raised an estimated $90 million from its recent stockholders’ rights offering to help fund its proposed housing and commercial communities.

Harvard-Westlake Buys Land for Parking

The site of Weddington Golf & Tennis in Studio City is poised to become the new home of Harvard-Westlake School’s controversial athletic center and parking garage, after the private school entered an agreement on Monday to purchase the property from the Weddington family.

Covercraft Leases Space in Valencia's IAC Center

Covercraft, a maker of automotive covers and protectors, plans to relocate within Valencia to the new IAC Commerce Center, according to brokerage CBRE Group Inc.

Public Storage Beats Expectations Despite Hurricane Losses

Public Storage in Glendale exceeded Wall Street expectations on revenue and earnings despite incurring damages to its facilities from Hurricanes Harvey and Irma.

Three Valley Apartment Complexes Sell for $41.6 Million

Lion Real Estate Group in Los Angeles has bought three apartment complexes in the San Fernando Valley for $41.6 million, according to the company.

Van Nuys Office Buildings Sell for $22 Million

A two-building, 100,000-square-foot office portfolio in Van Nuys has sold for more than than $22 million, according to CoStar Group Inc.

Newhall Ranch on Amazon Site List

The massive, proposed Newhall Ranch development, which recently cleared two major hurdles to its materialization in northern L.A. County, is the Santa Clarita Valley site that made it into the regional pitch to Amazon.com Inc. as a possible second headquarters.

Van Nuys Council Supports Alternate Rail Yard Location

The Van Nuys Neighborhood Council has come out against a highly controversial potential site proposed in its community as a light rail system storage yard.

County Bid for Amazon HQ Includes Santa Clarita

The Santa Clarita Valley is one of nine sites presented as a possible second headquarters for Amazon.com Inc. within the Los Angeles County’s regional proposal to the e-commerce giant, according to the Santa Clarita Valley Economic Development Corp.

Valencia Fulfillment Expands Warehouse Space

Valencia Fulfillment Inc. has taken an additional 20,000 square feet in Valencia, according to Realty Advisory Group Inc.

Winnetka Apartment Complex Fetches Record Price Per Unit

A Winnetka apartment complex has sold for the highest per-unit price in the neighborhood’s history, according to Matthews Real Estate Investment Services in El Segundo.

BankCard USA Relocating to Westlake Village

BankCard USA Merchant Services in Agoura Hills will relocate to Westlake Village early next year, according to Westcord Commercial Real Estate Services in Westlake Village.

Apartment Rents Projected to Rise

Residential real estate experts and economists have projected apartment rent movement and vacancy over the next two years for Southern California and the news is not good, particularly for L.A. County.

Mulholland Institute Exec Director Opposes Metro Rail Site

Land use and planning expert Robert Scott, executive director of the Mulholland Institute in Calabasas, has joined the public outcry against a Van Nuys site proposed to become a light rail system storage yard.

Santa Clarita Businesses Grow Footprint

Three companies have grown their footprint in Valencia to accommodate business growth.