Commercial Real Estate Awards Celebrate Winners in Tough Year

The Business Journal recognized the top brokers and projects for 2020 in a virtual Commercial Real Estate Awards event.

New Chief Executive at PS Business Parks

Glendale-based PS Business Parks Inc. has appointed Dan “Mac” Chandler III as the company’s chief executive officer, effective April 5.

Six-Building Van Nuys Industrial Park Sells for $19 Million

A six-building multitenant industrial business park in Van Nuys has sold for $19.3 million, or $247 per square foot.

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Joint Venture Breaks Ground on Supportive Housing Complex in Sylmar

Joint venture partners Meta Housing Corp. and LA Family Housing have officially broken ground on construction of Silva Crossing, a 56-unit permanent supportive housing project in Sylmar.

American Homes 4 Rent Reports Higher Revenue, Earnings

American Homes 4 Rent beat Wall Street estimates on earnings for the fourth quarter while matching on revenue.

Warner Center Firm IMG Sells North Carolina Apartments for $30 Million

Woodland Hills-based real estate firm Investors Management Group Inc. has sold a two-property multifamily portfolio in Raleigh, North Carolina to Abacus Capital Group for $29.8 million.

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Industrial Broker Joins Delphi

Mike Centurioni, a commercial real estate broker for the last 18 years, has joined Van Nuys-headquartered Delphi Business Properties Inc. as a senior vice president.

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Earnings: Marcus & Millichap Beats Estimates, LTC Properties’ Revenue Declines

Marcus & Millichap beats Wall Street expectations, while LTC Properties reports a slight decline in revenue.

Low Interest Rates, Low Inventory Drive Up Valley Home Prices

Interest rates near historic lows fueled strong Valley home sales last month, pushing prices higher even as the inventory of homes for sale fell to a record low.

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Caruso Wins Approval to Build Apartments in Thousand Oaks

Caruso has received unanimous approval to rezone land behind its retail center The Lakes for a residential project.

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Mixed-Use Residential Development Aims for 132 Units in Sylmar

A mixed-use project with a large-scale residential component has been proposed for Sylmar, according to city of Los Angeles records.

Velocity Financial Secures $375 Million in Credit

Velocity Financial Inc. has fresh money to make new mortgage loans.

Nine Houses Proposed for Half-Acre in Winnetka

Winnetka may have new housing soon, according to city of Los Angeles Planning Department documents.

Residential Development Denied at Camarillo Golf Course

A rezoning request to build 79 homes at a golf course has been rejected by the Camarillo City Council.

Las Posas Country Club Sells to Partnership

A joint venture between Dallas-based Century Golf Partners and South Korea’s Hankuk Industrial has purchased Las Posas Country Club in Camarillo.