SFV REAL ESTATE

33-unit Apartment Building Approved in Sherman Oaks

Los Angeles City Planning Commission has approved a proposed mixed-use apartment complex in Sherman Oaks.

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Encino Shopping Center Eyes 2021 Overhaul With New Anchors

ShopCore Properties has announced the overhaul of an Encino mall underway soon to include Target and Planet Fitness as prime anchors.

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Storage Company to Relocate to 53,000-Square-Foot Site in Thousand Oaks

A local storage company has leased a 52,800-square-foot industrial facility in Thousand Oaks at 1467 Lawrence Drive.

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200-Unit Second Phase Coming to Panorama Tower Development

Developer Izek Shomof is seeking entitlements to transform the parking lots surrounding Panorama Tower, his recently opened condominium project in Panorama City, into a major mixed-use complex.

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Developers Collaborate on Westlake Village Coworking Office

In a sign that developers still believe in the collaborative office workspace, Majestic Workspaces — in a joint venture with Premier Workspaces — has opened a coworking site in Westlake Village.

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REIT Sells Simi Valley Office Campus for $25 Million

Griffin Capital Essential Asset REIT announced that it has sold a 273,241-square-foot Simi Valley office campus to an undisclosed investor for $24.5 million.

SK Management Divests Two Lines of Business

Real estate firm SK Management Co. in Encino has divested two of its core lines of business.

Van Nuys Apartments Sell for $680,000 a Unit

An eight-unit Van Nuys multifamily complex has sold for $5.6 million, or $681,250 per unit, according to brokerage Marcus & Millichap Inc.

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Tutor Perini Secures Military Construction Contract Worth $34 Million

A subsidiary of Tutor Perini Corp. has been awarded two contracts valued at about $34 million for work at Marine Corps Base Camp Lejeune in North Carolina.

Four-Story Multifamily Development Proposed for Reseda

The Los Angeles City Council has approved plans for a residential development that will add 27 units to the housing inventory in Reseda.

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Multifamily Complex to Rise Near CSUN

A property located at 8940 N. Reseda Blvd. in Northridge will bring five stories of apartments to the market near California State University – Northridge.

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Construction Complete at L’Oreal Offices in Encino

Design studio Ware Malcomb announced Tuesday that construction is complete at L’Oreal’s Pulp Riot offices, located at 16501 Ventura Blvd. in Encino.

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B. Riley’s Ready to Deal in a Disrupted Economy

FINANCE: Management sees investment opportunities in an ‘uncertain time.’

B. Riley Financial Inc. will continue pursuing an aggressive strategy of acquisitions and deal-making in the future, the company’s co-chief executive said in a conference call with analysts.

Westlake Village Office Portfolio Fetches $55 Million

A massive multi-property office portfolio, totaling 256,602 square feet in Westlake Village, has traded for $55 million.

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Chatsworth Hills Academy Sells Campus for $9 Million

A school campus belonging to Chatsworth Hills Academy has sold for $9 million.