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Chatsworth Plaza, a commercial shopping center at 21405-21515 Devonshire St. in Chatsworth, has sold for $14.9 million.
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.
Rexford pays $155 million for complex in Van Nuys.
Warehouses near the San Fernando Valley’s airports have become a hot commodity, as underscored by last month’s deal in which Brentwood-based Rexford Industrial Realty Inc. acquired a massive industrial portfolio at the Van Nuys Airport Industrial Center for nearly $155 million.
Mountain View Manor in Sylmar hosts 200 units.
Positive Investment has closed one of the largest 2020 deals in Los Angeles with its purchase of the Mountain View Manor apartments at 12960 Dronfield Ave. in Sylmar, where 200 units traded for $29.4 million, or $147,000 per unit.
Tax credit helps buy, rehab low-income apartments.
Hunt Capital Partners announced in November that it had closed a $13.7 million federal low-income housing tax credit equity financing for the acquisition and rehabilitation of Apple Tree Village.
LIST: Landlord reps worry December lockdown may undo rent collection gains.
Since the economy bottomed out last spring, rent collections at malls and other retail centers in North Los Angeles have seen monthly incremental hikes as landlords and tenants engage in a delicate dance of payment agreements.
In a two-day period, Steve Davis fielded150 phone calls from clients with questions.
Wealth manager Steve Davis can attest that 2020 was a year unlike any other.
DEVELOPMENT: Westfield will move forward gradually in Woodland Hills.
Shortly after Promenade 2035 – the $1.5 billion overhaul of mostly dormant Westfield Promenade shopping mall in Woodland Hills — got final approval last month, the developer decided to wait to start construction.
Westfield’s former senior vice president starts his own real estate investment fund.
Larry Green, the former vice president of Unibail-Rodamco-Westfield, has formed his own company L. Green Investment and Development in Calabasas.
Jay Bird’s Chicken has announced that its third location will be at 15322 Ventura Blvd., with a scheduled opening in June.
Via Studio City, a 15-unit apartment building located in Studio City, has changed hands for $6.3 million, or $420,000 per unit.
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 Inc. has acquired Houston-based LMI Capital.
Three of 2020’s five biggest office leases in Greater Los Angeles occurred in the San Fernando Valley.
California Resources Corp. announced Monday that Chief Executive Todd Stevens will leave the company on Dec. 31 after a six-year run.
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.
The Tri-County Chamber Alliance has voiced its support for a movement to see Ventura, Santa Barbara and San Luis Obispo counties become their own region for COVID-19 regulation.
A property that served as the longtime host of a Coco’s restaurant has sold for $3.28 million in Calabasas.
A 16,230-square-foot industrial site in Van Nuys has sold for $3 million, or nearly $188 per square foot.
Affordable housing developer Penny Lane Centers has proposed a 64-unit development project in North Hills.