San Fernando Valley Business Journal


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

Buying In

Mall developer grows in Glendale with temple projectCaruso Affiliated grows its presence around Glendale’s Americana at Brand.

By Champaign Williams October 19, 2015 midnight   $$ Share

Glendale Campus Sells for $18.7 Million

Two Glendale office buildings, at 1011 and 1015 Grandview Ave., have sold to a reality television production company currently located in Van Nuys.

Agoura Hotels on Horizon

A 5.7-acre land parcel along the 101 freeway between Calabasas and Westlake Village has been purchased by a Texas hotel developer for $6.5 million.

Winnetka Apartments Sell for $4.5 Million

An 18-unit apartment complex in Winnetka has changed hands for $4.53 million, or nearly $252,000 per unit. The sales price for the Chateau Winnetka, at 7315 Winnetka Ave., is one of the highest per-unit sales prices paid in the Winnetka multifamily market, according to real estate data provider CoStar Group Inc.

Court Decision Hurts Tutor Perini Results

Tutor Perini Corp. missed Wall Street expectations on earnings, and the company put the blame largely on a legal judgment.

Preview: Full Bloom

Don’t expect to find Moty Ginsburg, chief executive of Treeium Inc., swinging a hammer at one of his clients’ home remodeling projects.

Quarter Sinks Marcus & Millichap Shares

Commercial real estate brokerage Marcus & Millichap Inc. reported third-quarter results Thursday that sent its shares lower by nearly 25 percent on Friday.

American Homes Meets Street Forecast

American Homes 4 Rent met analyst expectations for income in the third quarter and exceeded Wall Street forecasts on revenue.

PennyMac Financial Narrowly Misses Estimates

PennyMac Financial Services Inc. narrowly missed analyst expectations for net income and revenue Thursday.

PennyMac Increases Earnings, Revenue

PennyMac Mortgage Investment Trust on Wednesday reported higher revenue and net income for the third quarter.

LTC Improves Income, Beats Forecasts

LTC Properties Inc. reported an increase in its third-quarter earnings and exceeded Wall Street expectations on funds from operations.

Colliers' DeGrinis to Lead Broker Organization

John DeGrinis, an industrial properties broker in the Encino office of Colliers International, has been elected president of the Society of Industrial & Office Realtors, Greater Los Angeles chapter. His term will run for two years.

Developers Hope Postal Service Properties Deliver

DEVELOPMENT: Firms think outside box in adapting mail centers to residential.

In the past few weeks, developers have filed plans with the city of Los Angeles to transform two San Fernando Valley post offices into apartment complexes.

PS Business Parks Beats Forecasts

PS Business Parks narrowly beat Wall Street expectations for funds from operations in the third quarter.

Selleck Buys Chatsworth Building for $5.2 Million

A Chatsworth manufacturing facility that served as the headquarters of the Tamrac company for the past 25 years has been sold to Selleck Development Group of Westlake Village.

Local Businesses Buy Santa Clarita Office Buildings

Two local businesses have purchased headquarters buildings in Santa Clarita’s Tourney Place office complex in separate deals.