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Sylmar Industrial Park Fetches $22 Million

Rexford Industrial Realty has purchased an industrial park in Sylmar for $22 million, according to a statement from real estate brokerage Newmark.

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$22 Million Buys Sylmar Business Park

Rexford Industrial Realty plans for redevelopment.

Rexford Industrial Realty has purchased an industrial park in Sylmar for $22 million, according to a statement from real estate brokerage Newmark.

Blackstone, Worthe to Develop Burbank Office Tower

A joint venture between Blackstone Group and Worthe Real Estate Group will develop an office tower totaling 500,000 square feet.

Tri-County Chamber Alliance Backs Central Coast Region for COVID-19 Regulation

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.

Agoura Hills Developer Proposes 171-Key Hotel in NoHo

An Agoura Hills developer has filed plans for a proposed seven-story hotel in North Hollywood.

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Affordable Housing Asset in Sylmar Sells for $29.4 Million

A 200-unit affordable housing complex in Sylmar has sold for $29.4 million, or $147,000 per unit.

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Prop 15 Behind in Vote Count

California ballot measure Proposition 15 โ€” the split-roll tax proposal meant to create higher taxes on commercial and industrial properties โ€” was lagging by a fairly narrow margin as of mid-day Wednesday.

Developers Express Early Interest in Building Movie Studio in Santa Clarita

A โ€œOne Stopโ€โ€™ review has been performed on a proposed 93-acre movie studio in Placerita Canyon, according to Santa Clarita city officials.

Property Managers Wait for Other Shoe to Drop

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.

โ€˜Workforceโ€™ Multifamily for $29M

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.

Game of Towers

DEVELOPMENT: Another office building is latest deal between financier Blackstone and developer Jeff Worthe.

Call it a โ€œtowering achievement.โ€

Interest in Building New Movie Studio

Developer tries โ€˜one-stopโ€™ tactic on Santa Clarita project.

A โ€œOne Stopโ€โ€™ review has started on a 93-acre property in Placerita Canyon, according to Santa Clarita city officials.

Residential Rebound

REAL ESTATE: Homebuyers pounce on low mortgage rates to move into suburban markets.

A combination of low interest rates, people working remotely and children learning at home may have contributed to the biggest rise in home sales in the Valley region in September in over two years, according to real estate agents.

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City Council Approves Promenade 2035 in Woodland Hills

Los Angeles City Council voted Wednesday to approve the huge and long-deliberated Unibail-Rodamco-Westfield project Promenade 2035 at Warner Center.

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Warner Bros. Modernizes Lot With Icebergs

Project will add 800,000 square feet of office space to Burbank market.

Warner Bros. Entertainment has experienced a lot change this year, from the launch of HBO Max in May to layoffs in the summer and fall to the delay on releasing films to theaters.

Needham Ranch Moves Needle to the North

Industrial development attracts entertainment, e-commerce to Santa Clarita Valley.

Joint developers Trammell Crow Co. and Clarion Partners LLC saw a series of deals during the year at Center at Needham Ranch, with two new high-profile occupants coming onboard last month.

Promenade Pullback

DEVELOPMENT: Westfield will move forward gradually in Woodland Hills.

Shortly after Promenade 2035 โ€“ the $1.5 billion overhaul of mostly dormant Westfield Promenade shopping mall in Woodland Hills โ€” got final approval last month, the developer decided to wait to start construction.

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FAANG Footprint in the Valleys

Amazon and Netflix expand their regional presence during the pandemic.

They are collectively called FAANG, an acronym referring to the stock marketโ€™s five most popular technology companies.

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Glendale Apartments See $60 Million Purchase

A luxury apartment community in Glendale known as 416 on Broadway has sold for $60 million, or more than $520,000 a unit.

Gelt Sells Monterey RV Park for $28.5 Million

A joint venture between Tarzana-based real estate firm Gelt Inc. and Skya Ventures Inc. has sold Marina Dunes RV Resort near Monterey for $28.5 million.