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

Glendale Self-Storage Sold for $13.8 Million

Glendale’s famous special effects house, Cinovation Studios Inc., has undergone its own transformation into a self-storage facility and has been sold to a new owner.

Construction Begins at Former L.A. Daily News Site

San Diego-based developer Fairfield Residential has broken ground on a mixed-use apartment complex planned on the former site of the Los Angeles Daily News headquarters near the intersection of Oxnard Street and Canoga Avenue, according to the newspaper.

Valley Businesses Fear ‘Anti-Development’ Measure

The November ballot is crammed with issues, but businesspeople already are fretting about the following election. At least, the so-called Neighborhood Integrity Initiative, which is to be on the March 7 ballot in Los Angeles, got a big share of the attention – and opposition to it got the most applause – at a chamber luncheon Thursday.

Investor Pays $37 Million for Thousand Oaks’ Largest Industrial Building

Thousand Oaks’ largest industrial building has sold for more than $37 million to a local investor.

North Hills Apartments Fetch $2.3 Million

A 16-unit apartment building in North Hills has sold for $2.3 million, or more than $184 per square foot.

Chatsworth Apartment Complex Sold for Nearly $73 Million

The nearly 350-unit Waterstone Apartment Homes in Chatsworth has been sold for $72.5 million to an undisclosed buyer.

Buyer to Turn Tower at Sherman Oaks into Creative Offices

The Tower at Sherman Oaks has traded for nearly $57 million, with the new buyer saying it will turn the property into creative office space.

NoHo Apartment Sold for $10 Million

A 10-unit apartment building in North Hollywood has traded hands for $2.4 million, according to brokerage Marcus & Millichap.

Richard Leyner, Broker and Chamber Leader, Dies

J. Richard Leyner, executive vice president of Illi Commercial Real Estate in Encino and a longtime San Fernando Valley broker, passed away on Sept. 17, the Encino Chamber of Commerce announced Monday. He was 79.

August Home Prices Reach Nine-Year High

Single-family homes in the San Fernando Valley sold in August for their highest monthly prices since 2007, according to the Southland Regional Association of Realtors Inc.

Investment Firm Buys Second Tarzana Apartment Complex

A Tarzana apartment complex has traded for $11 million, according to KW Commercial in Encino.

PennyMac Opens Mortgage Call Center

Westlake Village mortgage lender PennyMac Financial Services Inc. (PFSI) said it has opened a new call center in Issaquah, Wash., a suburb of Seattle, to expand its direct lending to consumers.

Simi Industrial Park Breaks Ground

Overton Moore Properties has announced the groundbreaking of a new industrial development in Simi Valley.

Santa Clarita Apartments Sold for $61 Million

The Townhomes at Lost Canyon, an apartment complex in Santa Clarita, has sold for $61 million, according to its buyer, Beverly Hills real estate investor Kennedy-Wilson Holdings Inc.

Apartments in Sherman Oaks Sell for $1.3 million

A five-unit apartment building in Sherman Oaks has sold for $1.3 million, or $260,000 a unit, according to Calabasas real estate brokerage Marcus & Millichap Inc.