SFV REAL ESTATE

DreamWorks Headquarters Sells for $327 Million

Toronto-based investment giant Brookfield is in the process of buying the Glendale DreamWorks Animation headquarters for $327 million.

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Calabasas, Encino Appear on List of Priciest ZIP Codes

PropertyShark has released its annual list of the 100 priciest ZIP codes for residential properties and two of North Los Angeles neighborhoods – Encino and Calabasas – have made the ranking.

Burbank Town Center Sells for $136 Million

Onni Group, a Canadian real estate developer best known for residential projects, has delved into retail with its purchase of the 1.2 million square foot shopping complex at 201 E. Magnolia Blvd.

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Public Storage Pays $1.5 Billion for 56 Midwest Self-Storage Facilities

Glendale-based REIT Public Storage has paid $1.5 billion to acquire a portfolio of 56 self-storage facilities from developer All Storage.

Tutor Misses on Earnings but Stock Increases

Tutor Perini Corp. missed Wall Street expectations on earnings and on revenue for the third quarter.

Eight New Soundstages Coming to Universal Studios Lot

NBCUniversal will build eight soundstages in an expansion and updating of its century old Universal Studios lot.

Two Ventura County Warehouses Sell for $15.7 Million

A pair of warehouses in Ventura County totaling 108,600 square feet sold for a combined $15.7 million, according to brokerage NAI Capital Commercial.

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Xebec to Build Two Warehouses in Sylmar

Xebec Realty will build more than 600,000 square feet of industrial buildings on 28 acres of land in Sylmar that the firm purchased last year for $92 million.

G4 Network Reveals Reimagined Offices in Burbank

G4 digital and television network has unveiled its new office and studio broadcast space ahead of the revamped gaming outlet’s Nov. 16 premiere.

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Joint Venture to Invest $500 Million in L.A. Production Studios

A new joint venture has been formed to invest in studio space, including $500 million pegged for the L.A. market.

$128 Million Buys Simi Valley Distribution Facility

A distribution facility in Simi Valley has sold for $128 million, or roughly $441 per square foot.

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Warner Bros.’ Burbank Facility to Be ‘Largest Studio Development’

The historic Warner Bros. Ranch Lot in Burbank will get a $500-million makeover from new owners Worthe Real Estate Group and Stockbridge.

New Owner Looks to Redevelop Canoga Park Shopping Center

A 1.5-acre shopping center in Canoga Park has sold for $9 million to a private investor with an eye toward redevelopment, according to brokerage CBRE Group.

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Kennedy Wilson to Build 589 Residential Units Near Cal State Channel Islands

Kennedy Wilson plans to break ground this quarter on a 589-unit master-planned community in Camarillo.

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Former Rexford CFO Joins PS Business Parks

PS Business Parks Inc. has appointed Adeel Khan as its chief financial officer and corporate secretary, effective Jan. 10, 2022.