Woodland Hills Warehouse Sold With Eye Toward Multifamily Development

An 11,880-square-foot warehouse in Woodland Hills has traded hands for $4.2 million, or $350 per square foot, and the new owners want to convert the distribution center into multifamily housing, according to brokerage NAI Capital. Located at 6233 Variel Ave. in the heart of Woodland Hills’ business corridor, the single-story, fully air-conditioned, free-standing structure features

L.A. Developers to Build Mixed-Use Project in Valley Village

A pair of Los Angeles developers are constructing a contemporarily packaged mixed-use building in Valley Village featuring 19 apartments and ground-floor retail, Urbanize.LA reported. Hillock Land Co. and Luminor Properties are collaborating with architecture and design firm Brooks + Scarpa on Magnolia Hill, a three-story building that will include a combination of studio and one-bedroom

Mortgage rates higher this week

Mortgage rates higher this week – The September 27 2018 Freddie Mac Primary Mortgage Survey reported that the 30-year fixed mortgage rate average was 4.72%, up from 4.65% last week. The 15-year fixed was 4.16%, up from 4.11% last week. The 5-year ARM was 3.97%, up from 3.93% last week.

$70 Million Renovation Begins at Westfield Topanga Mall

A $70 million renovation project is underway at the Westfield Topanga Mall in Woodland Hills, owner Westfield Corp. announced Wednesday. The upgrades to the shopping center’s interior include new floors, tiling, lighting fixtures and paneling; updated restrooms and family lounges; and new digital infrastructure aimed at enhancing the customer experience. The mall will remain open