Santa Susana Mountains

Institutional Property Advisors Closes $106.65 Million Multifamily Asset Sale in California’s San Fernando Valley

Retrieved on: 
Tuesday, October 31, 2023
Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Consulting, REIT, Santa Susana Mountains, Sale, NYSE, Marcus & Millichap, Warner Center, Los Angeles, Northridge Fashion Center, Growth, MMI, Porter Ranch, Los Angeles, IPA, San Fernando Valley, Commercial property, Green

Institutional Property Advisors (IPA) , a division of Marcus & Millichap (NYSE:MMI) , announced today the sale of Summerset Village, a 280-unit multifamily property located in the foothills of the Santa Susana Mountains in Chatsworth, California.

Key Points: 
  • Institutional Property Advisors (IPA) , a division of Marcus & Millichap (NYSE:MMI) , announced today the sale of Summerset Village, a 280-unit multifamily property located in the foothills of the Santa Susana Mountains in Chatsworth, California.
  • The $106.65 million sale price equates to $380,893 per unit.
  • “Well-maintained by an institutional owner for over 25 years, Summerset Village is one of only 10 multifamily properties with 200 units or more in the Northwest San Fernando Valley built since 1980,” said Kevin Green, IPA executive managing director.
  • Completed in 1986, the asset has 39 two-story residential buildings, two solar-heated swimming pools, two hot tubs, a beach volleyball court, and direct access to hiking trails.

Toll Brothers Announces Verona Estates Now Open in Chatsworth, Calif.

Retrieved on: 
Thursday, August 4, 2022
Coast, Porter Ranch, Los Angeles, Santa Susana Mountains, Westcliffe, Builder, NYSE, GLOBE, Estate, District, Professional Builder, Recreation, New, Engineering, Company, Craftsman, Architecture, Toll Brothers, Collection, Italianate architecture, Hotel, Property management

The second phase of new homes in Verona Estates will be available in 2023.

Key Points: 
  • The second phase of new homes in Verona Estates will be available in 2023.
  • Distinctive Toll Brothers architecture includes grand double staircases, prep kitchens, luxury outdoor living spaces, optional guest suites, and more.
  • Verona Estates is a very special community, featuring award-winning architecture and located in a great pocket of Chatsworth, said Nick Norvilas, Division President of Toll Brothers in Los Angeles.
  • Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse the products or services of, Toll Brothers.

Toll Brothers Announces Verona Estates Coming Soon to Chatsworth

Retrieved on: 
Wednesday, February 2, 2022
District, Home insurance, Engineering, Santa Susana Mountains, Recreation, Builder, Collection, Craftsman, Martha's Vineyard, Coast, Company, GLOBE, Architecture, San Fernando Valley, New, FORTUNE, NYSE, Toll Brothers, Professional Builder, Italianate architecture, Mail order, Hotel, Property management, Spanish Colonial architecture

LOS ANGELES, Feb. 02, 2022 (GLOBE NEWSWIRE) -- Toll Brothers , Inc.(NYSE:TOL), the nations leading builder of luxury homes, today announced its newest community coming soon to the San Fernando Valley, Verona Estates .

Key Points: 
  • LOS ANGELES, Feb. 02, 2022 (GLOBE NEWSWIRE) -- Toll Brothers , Inc.(NYSE:TOL), the nations leading builder of luxury homes, today announced its newest community coming soon to the San Fernando Valley, Verona Estates .
  • The interest list is forming, and excitement is building for this limited offering by Toll Brothers in Chatsworth, California.
  • Verona Estates is a very special community, featuring award-winning architecture and located in a great pocket of Chatsworth, said Nick Norvilas, Division President of Toll Brothers in Los Angeles.
  • Set in Chatsworth south of the Santa Susana Mountains and adjacent to the Porter Ranch Master Plan, Verona Estates will join an exceptional collection of Toll Brothers homes in the area.

Viper Networks to Present Smart Air Quality Monitoring System as Key Part of $25 Million Health Study for Los Angeles County

Retrieved on: 
Monday, March 1, 2021
Geography of California, Geography of Southern California, Neighborhoods in Los Angeles, Santa Susana Mountains, Porter Ranch, Los Angeles, Sempra Energy, Granada Hills, Los Angeles, San Fernando Valley, Aliso Canyon gas leak, Aliso Canyon Oil Field

Upon final design approval, the Companys smart air quality monitoring systems will be serving the community of Porter Ranch to monitor methane gas levels from the Aliso Canyon Gas Facility as a part of a $25 million health study for Los Angeles County.

Key Points: 
  • Upon final design approval, the Companys smart air quality monitoring systems will be serving the community of Porter Ranch to monitor methane gas levels from the Aliso Canyon Gas Facility as a part of a $25 million health study for Los Angeles County.
  • A brief presentation will be made this week to the Community Advisory Board (CAG) and to the Porter Ranch neighborhood counsel safety committee.
  • With Viper Networks system integration expertise, the Companys recent hardware and software engineering developments have created a state-of-the-art Air Quality Monitoring application to effectively monitor methane gas leaks from the Aliso Canyon Gas facility in the Santa Susana Mountains in Los Angeles County, California.
  • Statements in this release which are not historical are forward-looking and include any statements regarding beliefs, expectations or intentions regarding the future.

PARRIS Law Firm: L.A. Superior Judge Opens Door to Punitive Damages in Ongoing Porter Ranch Litigation

Retrieved on: 
Friday, January 8, 2021
Sempra Energy, Santa Susana Mountains, California, States of the United States, Natural gas storage, San Fernando Valley, Aliso Canyon gas leak, Southern California Gas Company, Porter Ranch, Los Angeles, Gas leak

Daniel Buckley issued a ruling in favor of the plaintiffs in the ongoing Porter Ranch Gas Leak case stating that the issue of punitive damages will require trial.

Key Points: 
  • Daniel Buckley issued a ruling in favor of the plaintiffs in the ongoing Porter Ranch Gas Leak case stating that the issue of punitive damages will require trial.
  • "This is a huge step forward for those exposed to all manner of toxic chemicals at Porter Ranch," said attorney R. Rex Parris of PARRIS LAW FIRM.
  • "Judge Buckley rightly pointed out the 'despicable conduct' of SoCalGas throughout the gas leak as well as its subsequent legal maneuvering to avoid being held accountable.
  • The PARRIS Law Firm is recognized as one of America's top personal injury, employment and environmental law firms.

Five Point Holdings, LLC Announces the Sale of First Homesites at New Community in Los Angeles County

Retrieved on: 
Monday, January 13, 2020
Construction & Property, Residential Building & Real Estate, Geography of California, Newhall, Santa Clarita, California, Los Angeles, California, Santa Clarita, California, Santa Susana Mountains

Five Point Holdings, LLC (Five Point or the Company) (NYSE:FPH), in a major step forward to opening its newest master-planned community in Los Angeles County, announced the sale of 781 homesites at Valencia (formerly Newhall Ranch) in the fourth quarter of 2019.

Key Points: 
  • Five Point Holdings, LLC (Five Point or the Company) (NYSE:FPH), in a major step forward to opening its newest master-planned community in Los Angeles County, announced the sale of 781 homesites at Valencia (formerly Newhall Ranch) in the fourth quarter of 2019.
  • The Company closed on 711 of these homesites, and the balance is anticipated to close in the first half of this year.
  • Los Angeles is one of the most constrained housing markets in the country, he said, and we are excited to be working with the County of Los Angeles to build this new community within Valencia.
  • In addition, this community is designed to be the first net zero greenhouse gas community of its size in America.

Rancho Cucamonga Affordable Housing Gets $465,000 in Energy Efficiency Upgrades Courtesy of SoCalGas

Retrieved on: 
Tuesday, December 10, 2019
California, Energy in California, Sempra Energy, States of the United States, Southern California, Southern California Gas Company, Rancho Cucamonga, California, Santa Susana Mountains

The property owner also participated in SoCalGas' On-Demand Efficiency and Multifamily Energy Efficiency Rebates programs which have helped reduce natural gas consumption and overall operating costs at the community.

Key Points: 
  • The property owner also participated in SoCalGas' On-Demand Efficiency and Multifamily Energy Efficiency Rebates programs which have helped reduce natural gas consumption and overall operating costs at the community.
  • "SoCalGas is proud to continue our work with National CORE, improving energy efficiency and reducing energy costs for low-income residents.
  • "The City of Rancho Cucamonga thanks the Southern California Gas Company for their efforts to upgrade affordable housing in Rancho Cucamonga," said L. Dennis Michael, mayor of Rancho Cucamonga.
  • SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based inSan Diego.

Home Energy Reports from SoCalGas and Oracle Helped Customers Reduce Energy Use and Cut Carbon Emissions by 53,000 Tons

Retrieved on: 
Monday, August 19, 2019
Sempra Energy, Energy in California, California, States of the United States, Southern California, Southern California Gas Company, California Public Utilities Commission, Porter Ranch, Los Angeles, Santa Susana Mountains, Aliso Canyon gas leak

Home Energy Reports, included with most customer's bills, show how much energy each household is using compared to similar homes and provide recommendations for ways to save energy.

Key Points: 
  • Home Energy Reports, included with most customer's bills, show how much energy each household is using compared to similar homes and provide recommendations for ways to save energy.
  • The comparison is meant to make customers more aware of their energy use and the potential for using less.
  • Currently, more than 600,000 SoCalGas customers are receiving monthly HERs representing more than 11 million reports delivered since the program began.
  • SoCalGas' energy efficiency programs are funded by California utility customers and administered by SoCalGas under the auspices of the California Public Utilities Commission.

PARRIS Law Firm: California Appeals Court Sides with Victims in Porter Ranch Gas Leak Case, Orders Hearing to Review Damages for SoCalGas' Three-Day Delay

Retrieved on: 
Wednesday, July 10, 2019
Sempra Energy, Energy in California, California, Southern California, Southern California Gas Company, States of the United States, Damages, Santa Susana Mountains

The case goes back to the trial court where victims will have an opportunity to present evidence of damages suffered because of SoCalGas' delay in reporting the blowout.

Key Points: 
  • The case goes back to the trial court where victims will have an opportunity to present evidence of damages suffered because of SoCalGas' delay in reporting the blowout.
  • "SoCalGas pleaded no contest to failing to report the gas leak.
  • It is only right that victims receive restitution to the crime SoCalGas is guilty of committing," said attorney R. Rex Parris of PARRIS Law Firm.
  • The largest contingency law firm in the United States, Morgan & Morgan has recovered more than $5 billion for 200,000 clients.

PARRIS Law Firm: SoCalGas Negligence Found to be Cause for Porter Ranch Gas Leak, Study Shows

Retrieved on: 
Saturday, May 18, 2019
Geography of California, Santa Susana Mountains, California, Sempra Energy, Porter Ranch, Los Angeles, Southern California Gas Company, Gas leak, Leak, BlowOut, Aliso Canyon, Aliso Canyon Oil Field, Aliso Canyon gas leak

This failure ultimately led to the worst gas leak in U.S. history and exposed Porter Ranch, surrounding neighborhoods and their residents to more than 100,000 tons of methane gas.

Key Points: 
  • This failure ultimately led to the worst gas leak in U.S. history and exposed Porter Ranch, surrounding neighborhoods and their residents to more than 100,000 tons of methane gas.
  • Water corrosion of the casing used in well SS25 was the main cause of the blowout on October 23, 2015.
  • "This study shows that SoCal Gas knew about leaks at Aliso Canyon for more than 40 years, but instead of fixing the problem they sat back and let it happen over and over again," said PARRIS Law Firm attorney R. Rex Parris.
  • Widely recognized as one of America's top Personal Injury, Employment, and Environmental law firms, PARRIS Law Firm has the proven track record necessary to help families in need.