San Fernando Valley Business Journal


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

Preview: Hospitals Move to Main Street

Moving clinics off hospital campuses into non-medical locations that are also prominent and convenient is a new strategy for many major health systems.

Developer Buys Canoga Park Land for Mixed-Use Project

A 48,000-square-foot plot of land in Canoga Park has sold for about $4 million, or $83.30 a square foot, according to Calabasas commercial real estate brokerage Marcus & Millichap Inc.

Housing Prices Climb, Inventories Drop Across Valleys

Single-family home and condominium prices in the San Fernando and Santa Clarita valleys continued to climb in January compared to a year ago, while for-sale inventories continued to drop, according to the Southland Regional Association of Realtors Inc.

Cahuenga West Building Sold for $36 Million

The nearly fully occupied Cahuenga West office building in Universal City has sold for about $36 million, or about $350 per square foot, according to sources close to the transaction.

Thousand Oaks Approves Mixed-Use Boulevard Project

A remnant of Thousand Oaks’ past will soon go the way much of its ranching history has – development.

Warner Center Portfolio Sells for $236 Million

Oaktree Capital Management LP in Los Angeles has bought five buildings within the Warner Center for about $236 million, according to commercial real estate database CoStar Group Inc.

Century 21 Peak Buys Upland Brokerage

Century 21 Peak, a residential real estate brokerage in Woodland Hills, has bought another real estate brokerage in the Inland Empire, the company announced.

Three Warehouses Sell in Valley for More Than $12 Million

Suppliers to the reinvigorated entertainment industry have paid $4.6 million, or $230 a square foot, for a warehouse in Burbank, according to commercial real estate firm Lee & Associates-LA North/Ventura.

Armen Living Expands to New HQ

Armen Living, a designer and manufacturer of modern furniture, has leased more than 58,000 square feet in Valencia as a new home for its headquarters, according to NAI Capital Inc. in Encino.

PennyMac Climbs 11 Percent on Higher Earnings

Stocks rallied more than 11 percent Friday on the fourth-quarter earnings PennyMac Financial Services Inc. reported late Thursday.

Burbank's Media Center North Sells for $23 Million

The 95,000-square-foot Media Center North in Burbank has sold to L.A. developer and investor Goldstein Planting Investments Cos., according to Coldwell Banker Commercial Advisors.

Preview: Building Abundance

Times are flush for Valley-area contractors, but they face challenges riding the wave.

Avison Young Adds Three Brokers

Real estate brokerage Avison Young has hired three new brokers for its Los Angeles North office.

North Hills Apartment Portfolios Sold

Two apartment portfolio sales have closed in North Hills for more than $23 million, according to real estate database firm CoStar Group Inc.

Burbank's Buena Vista Plaza Sells for $53 Million

Buena Vista Plaza in Burbank’s Media District has sold for nearly $53 million.