San Fernando Valley Business Journal


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

Preview: SPECIAL REPORT: Growth or No Growth?

If developers get their way, 600-plus new apartments and a new supermarket will rise in Sherman Oaks over the next few years, but their visions have sparked backlashes from residents who believe the projects will degrade rather than improve their communities.

Sun Valley Self-Storage in Portfolio Sale

Self-storage facilities sold in Sun Valley and Oxnard are part of a 15-property portfolio sale to a Chicago private equity real estate firm.

PS Business Parks Beats Expectations

Glendale’s self-storage developer PS Business Parks Inc. (PSB) reported first-quarter earnings that surpassed an analyst’s expectations.

Valley Home Prices Climb 13 Percent

The price of single-family homes sold in the San Fernando Valley may have reached a record high in March, according to the Southland Regional Association of Realtors Inc.

Sherman Oaks Apartment Project Proposed

A developer has plans to build a new 300-plus unit apartment complex with commercial space on Ventura Boulevard in Sherman Oaks, according to a marketing brochure by commercial brokerage CBRE Group Inc.

Drug Test Firm Moves HQ to Northridge

Drug Tests in Bulk of West Hills, an online provider of drug tests for businesses and government agencies, plans to move its headquarters to a newly acquired building in Northridge, according to Hudson Commercial Partners Inc. in Studio City.

NewMark Properties Access In-House Refinancing

Woodland Hills retail developer and property management firm NewMark Merrill Co. has provided two of its shopping centers with nearly $27 million in refinancing.

Investors Pay $70 Million for Gateway Village

Gateway Village shopping center in Santa Clarita has sold for nearly $70 million, according to commercial real estate brokerage Colliers International.

Land Buyer Plans E-Commerce Warehouse

A nearly 4-acre parcel of land in Oxnard has sold to a buyer aiming to build a distribution warehouse, according to Daum Commercial Real Estate Services of Los Angeles.

Home Loan Scammer Convicted

The operator of a home loan modification scam in Santa Clarita has been convicted of grand theft and white collar crime, according to the California Board of Equalization.

Tutor Perini Offers to Buy Back Debt

Tutor Perini Corp. announced Monday a tender offer to pay cash for its senior note debt instruments that expire in 2018.

NoHo West Project Breaks Ground

NoHo West, a new and redeveloped project breaking ground this week, is the hope for a North Hollywood neighborhood that could use some TLC.

Summit Financial Moves Headquarters

Summit Financial Consultants Inc. of Westlake Village has leased space at Westlake Park Place and has just moved its headquarters there, according to the firm.

Woodland Hills Corporate Center Sold

The vast 231,000-square-foot Woodland Hills Corporate Center has sold to a New York real estate investment firm, according to CBRE Group Inc. in Los Angeles.

Despite Opposition, Commission Affirms Walnut Acres Project

An attempt by homeowners to overturn an approved plan for an assisted living and memory care facility on a parcel in Woodland Hills near a busy shopping area failed at a Thursday planning board hearing held at the Van Nuys City Hall.