San Fernando Valley Business Journal


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

House Prices Rise in Valley Region

Prices for homes of all types saw healthy increases in 2016 in both the San Fernando and Santa Clarita valleys, according to the Southland Association of Realtors.

Gelb Group Sells, Buys Properties

Gelb Group of Encino sold and bought a pair of equal value properties in Woodland Hills and Granada Hills in a 1031 exchange, a way for investors to defer paying capital gains tax on the sale of property.

Conejo Spectrum's Developable Land Sold

The last 29 acres of buildable land in the Conejo Spectrum Business Park in Thousand Oaks has been sold to an Irvine investment and development firm.

Klorman Construction Wins Parking Garage Project

Klorman Construction in Woodland Hills said it has been selected to build a six-level parking garage for a new development underway in Oceanside.

CBRE to Transform Former Kate Mantilini Site

As part of its ongoing strategy to position itself as an advisor in reconfiguring workspaces for the future labor force, L.A.-based CBRE Group Inc. has leased space at a former restaurant in the Warner Center in Woodland Hills.

Oak Park Shopping Center Sold

An Oak Park shopping center has changed hands for nearly $30 million, according to L.A.-based CBRE Group Inc.

New Owner Plans to Rename, Renovate Glendale Apartments

The 52-year-old Verdugo Village apartment complex in Glendale has traded hands for more than $50 million in a deal that will also provide a new name and significant upgrades to the property.

High Home Prices Keep Sales Flat

New home sales in the San Fernando Valley have reached a plateau because of high prices, according to a report from the Southland Regional Association of Realtors.

IMT Sells Two Sherman Oaks Apartment Complexes

Sherman Oaks real estate company IMT Capital has sold more than 400 apartment units in Valley Village for $185 million, according to real estate database CoStar Group Inc.

Tutor Perini Wins $97 Million Contract in Guam

Sylmar construction company Tutor Perini Corp. said its Black Construction Corp. subsidiary in Guam has been awarded a $97 million contract to construct significant upgrades at Guam International Airport.

LNR Warner Center IV Sells for Nearly $150 Million

The vast 500,000-square-foot LNR Warner Center IV in Woodland Hills has sold for nearly $150 million, according to L.A. commercial real estate brokerage Newmark Grubb Knight Frank.

Wesely Thomas Leases New Headquarters

Thousand Oaks construction company Wesely Thomas has leased space in Westlake Village for its new headquarters, which will be nearly twice as large as its existing location.

Caruso Changes Name

Caruso Affiliated, the development company behind the shopping centers Americana at Brand in Glendale and Commons at Calabasas, has changed its name to simply Caruso.

Entitled Woodland Hills Site Sold for $20 Million

A 3-acre parcel of land in Woodland Hills entitled for apartments has sold for $18.8 million to the U.S. subsidiary of a Beijing real estate investment firm.

Thousand Oaks Campus Bought Out of Foreclosure

Investors have bought the Conejo Spectrum office and industrial park out of foreclosure and plan to refurbish the property, according to Long Beach investment firm Harbor Associates.