Public Storage Issues Sustainability Report

Public Storage released its 2021 Sustainability Report detailing how the company has positioned itself for long-term growth.

SkyRail Express, Metro to Explore Development of Sepulveda Pass Monorail

Los Angeles SkyRail Express consortium has signed an agreement with Los Angeles County Metropolitan Transportation Authority to pre-develop a mass transit project connecting the San Fernando Valley with the west side of Los Angeles.

Tejon Ranch Breaks Ground on Massive Spec Warehouse

Tejon Ranch Corp. has broken ground on a 629,274-square-foot speculative warehouse at Tejon Ranch Commerce Center near Lebec.

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Athletic Gear Distributor Leases Space in Chatsworth

A Chatsworth-based distributor of athletic gear has signed a lease at 9419 Mason Ave.

Development Site Sold in Valencia Commerce Center

A development site in the master-planned Valencia Commerce Center closed escrow for $9.5 million.

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NewMark Merrill Hires Six Executives

NewMark Merrill Cos., a shopping center owner, has grown its executive team by six with a half-dozen outside hires brought aboard to meet demand as the retail sector opens post-pandemic.

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Supervisors Extend Eviction Moratorium in L.A. County

L.A. County tenants have been granted three more months of protection from eviction.

Industrial Building Leased Near Van Nuys Airport

A 28,000-square-foot warehouse at Van Nuys Airport Industrial Center has leased to an undisclosed West Los Angeles company for the storage of baby products.

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San Fernando Warehouse Fetches $5.6 Million

A 22,440-square-foot industrial building in the city of San Fernando has sold for $5.6 million, or $248 per square foot.

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Woodland Hills Multifamily Firm IMG Expands San Antonio Portfolio

Investors Management Group has acquired Azul Apartments, a 246-unit complex built in San Antonio for an undisclosed price.

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Glendale Warehouse Sells for $3.8 Million

A three-unit industrial building with 14,818 square feet in Glendale has sold for $3.8 million.

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Homeless Shelter Finds Temporary Location in Santa Clarita

Nonprofit organization Bridge to Home has temporarily relocated its shelter operations for individuals lacking permanent housing to a parcel of vacant land on Pine Street in Santa Clarita owned by Trammell Crow Co. and Clarion Partners.

Apartment Complex Could Replace Auto Shop in Toluca Lake

A new four-story apartment complex has been proposed for a Toluca Lake site that currently hosts an auto repair shop.

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$81 Million Residential Project Breaks Ground in Lancaster

USA Properties Fund has just broken ground on an $81 million, 264-unit development in Antelope Valley.

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Encino Investment Firm Acquires, Rebrands Washington Apartments

Encino-based multifamily investment and management company New Standard Equities has acquired a pair of neighboring Pacific Northwest assets – Cedar Glen and Maple Manor – and rebranded the combined 144 units as Indigo Apartment Homes in Bremerton, Wash.

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