Category: Real Estate

After long wait, Nordstrom is coming to SCV with Nordstrom Rack

After long wait, Nordstrom is coming to SCV with Nordstrom Rack

Nordstrom Inc. plans to open its first store in Santa Clarita, a Nordstrom Rack, at The Promenade at Town Center in Santa Clarita. The 30,000-square-foot store is scheduled to open in spring 2018, the Seattle-based retailer said in a statement. It will occupy space that held feet in the southerly portion of the former Haggen...

AMG & Associates wins Peabody Stadium contract in Santa Barbara

AMG & Associates wins Peabody Stadium contract in Santa Barbara

AMG & Associates, Inc., a Santa Clarita-based public works contractor, has been awarded a $29-million contract to overhaul and update Peabody Stadium at Santa Barbara High School. The contract with the Santa Barbara Unified School District follows voter approval of two construction bonds last fall. Contracts were officially awarded on July 25. The Peabody project...

LA County Board of Supervisors OKs Newhall Ranch EIRs

LA County Board of Supervisors OKs Newhall Ranch EIRs

News release issued by the Los Angeles County Board of Supervisors. LOS ANGELES COUNTY — On a 4-0 vote with Supervisor Kuehl abstaining, the Board of Supervisors certified the environmental impact reports for Mission Village and Landmark Village, part of the Newhall Ranch Specific Plan in the Santa Clarita Valley. “In addition to creating thousands...

Top five barriers to home ownership

Top five barriers to home ownership

By Marty Kovacs Whatever happened to the commitment of homeownership as a national priority? Despite the addition of about 11.8 million households between 2006 and 2016, there are roughly 1 million fewer homeowners today than a decade ago. “The decline and stagnation in the homeownership rate is a trend that’s pointing in the wrong direction,...

Home ownership builds strong communities

Home ownership builds strong communities

By Marty Kovacs It’s true that owning a home offers the freedom to create a personal living environment. Yet it means much more to society and the nation. Indeed, home ownership is an American value. It is the cornerstone of the economy, with the housing sector directly accounting for approximately 14 percent of total economic...

Pharmavite signs 2 Valencia leases

Pharmavite LLC, a manufacturer of dietary supplements based in Santa Clarita, will consolidate and upgrade its facilities in Valencia Commerce Center. The company, which markets vitamins and mineral supplements under the Nature Made brand, last month announced that it is entering into two new long-term leases, both running through 2030.   To support the operations...

Careful planning can prevent permit-approval headaches

Careful planning can prevent permit-approval headaches

Last year, the city of Santa Clarita’s building and safety department issued 6,147 permits and conducted more than 20,000 building inspections representing more than $285 million in new construction. At the Valley Industry Association’s May luncheon, two city representatives outlined how the city reviews and approves permit applications, to help business owners avoid common pitfalls...

Newhall Ranch owner FivePoint raises $320M in IPO

Newhall Ranch owner FivePoint raises $320M in IPO

Shares in Five Point Holdings, LLC, owner of Newhall Ranch and other large planned communities in coastal California, began trading May 10 on the New York Stock Exchange. On May 15, the company said the IPO was closed and raised about $320 million, after deducting underwriting discounts and commissions and before offering expenses. In addition,...

Residential real estate

Residential real estate

April Sales Acton 04/2017 04/2016 New Listings 19 22 Total Active Listings 28 45 New Escrows Closed 13 12 Median Sale Price $470,000 $549,000   Agua Dulce 04/2017 04/2016 New Listings 6 9 Total Active Listings 18 28 New Escrows Closed 5 9 Median Sale Price $600,000 $599,900   Canyon Country 04/2017 04/2016 New Listings...

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