SFV REAL ESTATE

Limoneira Joint Venture Sells 42 Residential Lots

Limoneira Co. announced Thursday that its joint venture to build the Harvest at Limoneira development in Santa Paula has closed sales on 42 more lots.

L.A. City Council Considers Vacancy Tax on Ballot

The Los Angeles City Council on Tuesday adopted a vacancy tax measure for consideration on the November 2020 ballot, potentially creating an additional tax on unoccupied residential units.

Velocity Financial Completes $128 Million Securitization

Velocity Financial Inc. has completed its second securitization transaction of 2020.

Entertainment, Logistics Firms Sign San Fernando Leases

Two companies have signed leases at the same property in city of San Fernando for a combined 73,000 square feet.

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Apartment Association Challenges Legality of Housing Moratoriums

The mounting economic hardship of landlords has prompted advocacy group Apartment Association of Greater Los Angeles to file a lawsuit against the city of Los Angeles on behalf of its 10,000 members, the landlords of some 150,000 units throughout Los Angeles proper including the San Fernando Valley.

Chef Merito Buys Sun Valley Industrial Space for $5.8 Million

Spice and seasoning manufacturer Chef Merito Inc. has purchased a Sun Valley industrial facility for nearly $5.8 million.

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Three Sun Valley Warehouses Sell for $8.3 Million

A three-building portfolio with 45,600 square feet of warehouse space in Sun Valley has sold for $8.27 million, or $189 per square foot.

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Automotive Property Sells for $3.1 Million in North Hollywood

An automotive business property in North Hollywood has sold for $3.1 million with an eye toward redevelopment.

Preview: Office Transformation Special Report

Will the office building of the future include a gym or restaurant?

Developer Eyes Mixed Use Project on $40 Million Burbank Parcel

Developer SJ4 Burbank has purchased 8 acres in Burbank from Northridge Properties for $40 million.

Valley Retailers Prepare for Protests

Panorama City Mall was scheduled to reopen for in-store shoppers on Monday but was forced to postpone due to protests taking place near the property.

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22-Unit North Hills Multifamily Sells for $4.7 Million

Kelly Morgan Commercial Group at KW Commercial has transacted the sale of 8805 Orion Ave., a 22-unit multi-family property in North Hills, for $4.7 million.

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Promenade 2035 Project Passes Planning Commission With Unanimous Vote

Westfield’s Promenade 2035 project has passed an important milestone after a unanimous vote during its entitlements hearing with the Los Angeles City Planning Commission.

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Marcus & Millichap to Lay Off 175 Staffers

Calabasas-based brokerage Marcus & Millichap Inc. will lay off 175 salaried employees, or 20 percent of its 877-person workforce, as the coronavirus outbreak ripples through the commercial real estate industry.

SecureSpace Self Storage Opens in Camarillo

SecureSpace Self Storage has announced the grand opening of a new self storage facility in Camarillo.

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