San Fernando Valley Business Journal


Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...

SPECIAL REPORT: Valley Industrial Market Tightens While Office Lags

The industrial market continues to tighten in the San Fernando Valley, and that trend increasingly speaks to the region’s shift to warehouse-based distribution and supply chain-oriented businesses.

By Carol Lawrence February 8, 2016 midnight   $$ Share

Preview: Camarillo Rising

Camarillo is kind of like Ventura County’s middle child, bypassed by housing and retail developers for its bigger, denser neighboring cities to the east and west.

UCLA Buys Thousand Oaks Building

The UCLA Board of Regents has bought a Thousand Oaks medical office building that the school's health organization has been renting for about three years at a price of more than $10 million.

Public Storage, PS Business Parks Report Quarterly Growth

Two Glendale real estate investment trusts reported improved results in first-quarter earnings this week.

Oak Park Plaza Sells for $12 Million

Oak Park Plaza, a 29,950-square-foot shopping center at 702-706 Lindero Canyon Road in Oak Park, has sold for nearly $12 million, according to Lee & Associates-LA North/Ventura.

Acre Sells for $11 Million in Sherman Oaks

A 1-acre development site in Sherman Oaks has sold to investors for $11.4 million.

Santa Clarita Retail Center Changes Hands

A nearly fully-occupied Santa Clarita Valley retail center has sold for $72.5 million, according to its buyer, InvenTrust Properties Corp., a real estate investment trust in Oak Brook, Ill.

Calabasas Development Gets First Tenant, Debuts Model Homes

New Home Co. Inc. said it has leased its first tenant for its new residential and retail development in Calabasas and will open model homes to the public this weekend.

Developer Gets Funding to Build Apartments in Glendale

L.A.-based CBRE Group Inc. said its finance arm has arranged funding for the construction of a nearly 500-unit new apartment complex in Glendale.

Condos Hit High Marks in Valley

San Fernando Valley condominiums hit their highest median sales price in March since September 2007, according to monthly data from the Southland Regional Association of Realtors Inc.

Biggest Lease in Years Signed in Valencia

The Automobile Club of Southern California has signed a lease to move its insurance claims division to a different location in Valencia, according to commercial real estate brokerage California Realty Group.

Simi Industrial Building Sold

Cabot Properties Inc. has acquired a 97,000-square-foot building in Simi Valley, it was announced on Monday.

Porter Ranch Home Sales Take Hit From Gas Leak

Home sales in Porter Ranch community of Northridge were hit from the Aliso Canyon gas leak that lasted for three months last fall and winter, according to data analyzed by real estate research firms.

Medical Group Buys Palmdale Offices for Nearly $4.9 Million

A Palmdale office campus has sold for nearly $4.9 million, according to commercial real estate brokerage Lee & Associates-LA North/Ventura Inc. in Sherman Oaks.

Oxnard Office Building Sells for $24 Million

The Johnston Group in Agoura Hills has bought an iconic six-story office building overlooking the 101 freeway in Oxnard, according to the commercial real estate company.

Agoura Hills May Score Rams’ Temporary HQ

The Los Angeles Rams are looking to lease office space in Agoura Hills, which would serve as the team’s temporary headquarters until its Inglewood stadium is completed in 2019.