Pair of Warehouses Near Van Nuys Airport Sell for $3.7 Million

Two separate freestanding warehouses within the Van Nuys Airport Corridor have sold for a combined $3.7 million.

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Kern County Greenlights Tejon Ranch Apartment Project

Tejon Ranch Co. has announced that the Kern County Board of Supervisors has approved two conditional use permits to authorize development of multi-family apartments at the Tejon Ranch Commerce Center.

Even in COVID Slowdown, Simi Valley Office Building Fetches $30 Million

Despite a waning appetite for office space during the pandemic, an office building in Simi Valley has sold for $30 million.

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Chatsworth Plaza Shopping Center Sells for $14.9 Million

Chatsworth Plaza, a commercial shopping center at 21405-21515 Devonshire St. in Chatsworth, has sold for $14.9 million.

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Public Storage Refreshes Board in Consultation With Hedge Fund

Public Storage has announced the appointment of two new members to its board of trustees.

Gelt and Uhon Secure $83 Million Bridge Loan for Watermark Project

Real estate developers Gelt Inc. and Uhon have secured $83 million in bridge refinancing on behalf of its joint venture The Watermark Apartments in Reseda.

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Jay Bird's Chicken to Open Restaurant in Sherman Oaks

Jay Bird’s Chicken has announced that its third location will be at 15322 Ventura Blvd., with a scheduled opening in June.

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Studio City Apartment Building Fetches $6.3 Million

Via Studio City, a 15-unit apartment building located in Studio City, has changed hands for $6.3 million, or $420,000 per unit.

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Four-Level Proposed for Lake Balboa

A mixed-use residential project has been proposed for Lake Balboa. The four-story apartment building, which will house 39 one- and two-bedroom units, would rise on a nearly half-acre property at 17630 Sherman Way.

Marcus & Millichap Acquires Houston Finance Company

Marcus & Millichap Inc. has acquired Houston-based LMI Capital.

Three of L.A. Market’s Five Biggest Office Leases for 2020 in Valley

Three of 2020’s five biggest office leases in Greater Los Angeles occurred in the San Fernando Valley.

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Beauty Company Leases Warehouse in San Fernando

JocottBrands Inc. has signed a 65,550-square-foot warehouse lease in the city of San Fernando.

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75 Acres in Oxnard Earmarked for Amazon

A 75-acre parcel of land at Sakioka Farms Business Park in Oxnard has sold to serve as the future site of a distribution site for e-commerce giant Amazon.com Inc.

Former Coco’s Location in Calabasas Trades for $3.3 Million

A property that served as the longtime host of a Coco’s restaurant has sold for $3.28 million in Calabasas.

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Multi-Tenant Industrial Site in Van Nuys Sells for $3 Million

A 16,230-square-foot industrial site in Van Nuys has sold for $3 million, or nearly $188 per square foot.

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