Lancaster Apartments Sold for Record Price

A 200-unit apartment complex in Lancaster has sold at a record price for the greater region, according to commercial real estate brokerage firm Mogharebi Group in Costa Mesa.

Market Pushes Up Price of Sun Valley Building

An older industrial building has traded hands in Sun Valley for one of the highest prices in the area, according to Lee & Associates-LA North/Ventura.

Public Storage Tumbles on Lower Earnings

Stock prices of Public Storage in Glendale tumbled nearly 6 percent Thursday on second-quarter earnings and revenue that fell short of analysts’ expectations.

HemaCare to Relocate to Larger HQ

HemaCare Corp. in Van Nuys plans to relocate its headquarters to Northridge to make room for growth, the company announced.

Valley Home Prices Break Record Again

Prices for condominiums in the San Fernando Valley broke records again in June, the second month in a row, according to the Southland Regional Association of Realtors.

Preview: Apartment Killer

Home builders have a message for the city of Los Angeles: it’s been a good run, but we’re moving on.

KB Home Buys Van Nuys Subdivision

Storm Properties has sold a development project for 58 houses in Van Nuys to KB Home, the company announced Thursday. Financial terms of the transaction were not disclosed.

Former Ginnie Mae Exec Joins PennyMac Board

Theodore W. Tozer, the former president of the Government National Mortgage Association or Ginnie Mae, will join the board of PennyMac Financial Services Inc., the company announced Wednesday.

Massive Newhall Ranch Project Wins Approvals

Half of the massive Newhall Ranch development project sailed through approvals Tuesday at a public hearing by the Los Angeles County Board of Supervisors.

Warner Center Office Building Sold

Younan Properties Inc. has purchased Burbank Corporate Center at 21900 Burbank Blvd. in Woodland Hills, the company announced Tuesday. Financial details of the transaction were not disclosed.

Sotheby’s Realty Opens in Calabasas

Wish Sotheby’s International Realty will open its fourth office next week in Calabasas, according to the company.

Quixote Studios Buys Sun Valley Building

Quixote Studios, a national provider of soundstages, equipment and vehicles for film and television in Los Angeles, has bought a more than 60,000-square-foot industrial building in Sun Valley it currently rents and occupies, the company announced.

Finance Firm to Relocate in Westlake Village

One Capital Management plans to relocate within Westlake Village and double its existing space by the end of the year, according to Daum Commercial Real Estate Services.

Glendale Office Building Fetches $59 Million

Glendale’s newest office building has sold for $59 million, according to Newmark Knight Frank of Los Angeles.

Chatsworth Business Park Sold for Nearly 40 Percent Gain

Chatsworth Business Park has sold for more than $29 million, according to real estate database CoStar Group Inc., a hefty bump-up over its prior purchase price.