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

Former Van Nuys Hotel Site Sold

The site of the former Voyager Motor Inn in Van Nuys has been sold to an apartment developer, according to New York commercial real estate brokerage Berkadia.

Fund Pays $58 Million for Valencia Shopping Center

A shopping center in Valencia has changed hands for $58 million, a nearly 43 percent increase over what it sold for five years ago.

Wildfire Consumes 33,000 Acres in Santa Clarita

A wildfire that broke out along the northbound 14 Freeway near Sand Canyon has charred more than 33,000 acres of the Santa Clarita Valley since Friday, officials said at a press conference Monday morning. It remains only 10 percent contained.

Sherman Oaks Apartment Sold for $8.6 Million

A Sherman Oaks apartment building has sold for $8.55 million following an upgrade, according to L.A.-based Re/Max Commercial & Investment Realty.

OPI’s 11-Acre Manufacturing Campus Available for Lease

Commercial real estate brokerage NAI Capital Inc. in Encino said it has secured the listing for OPI Products Inc.’s massive manufacturing campus of in North Hollywood.

Valley's First Floor & Decor Opens

The San Fernando Valley’s first Floor & Decor opened for business in West Hills Thursday.

Valencia Warehouse Portfolio Sells for $64.5 Million

A five-building portfolio in Valencia and Santa Clarita has sold to Chicago-based real estate investment trust Jones Lang LaSalle Income Property Trust Inc. for about $64.5 million, according to the company.

Pacoima Industrial Building Sells for $8.4 Million

The owner of the makeup brush retailer Morphe Brushes has bought a nearly 64,000-square-foot industrial building in Pacoima, according to L.A. commercial real estate brokerage CBRE Group Inc.

Executive Suites to Open in Calabasas

Irvine-based Premier Business Centers plans to open workspaces for rent in Calabasas later this summer as part of a national expansion, the company announced Tuesday.

SetPoint Signs Lease at Mann Biomedical Park

SetPoint biomedical technology company has signed a long-term lease for more than 14,000 square feet at a research and medical park in Santa Clarita, according to L.A. based-CBRE Group Inc.

Rexford Industrial Buys Two Buildings

L.A.-based Rexford Industrial Realty Inc. has purchased properties in Camarillo and San Fernando, the company announced Thursday.

Preview: Class for Rent

It’s a story known to many cities these days: a once-busy strip mall loses anchor tenants and the vast spaces sit empty for years before getting filled – if at all. Meanwhile, fewer people stop by, the center gets old and sluggish, and that drives out more tenants.

Ventura Shopping Center Changes Hands

Poinsettia Plaza, a shopping center in Ventura, has sold for $50 million.

Klorman Named Subcontractor for Burbank Parking Structure

Klorman Construction in Woodland Hills was named the structural concrete subcontractor for a 525-vehicle parking structure for a Burbank office building, the company announced Wednesday.

ISO Beauty Buys Chatsworth Building for $5.5 Million

ISO Beauty Inc. in Van Nuys has bought a roughly 30,000-square-foot industrial building in Chatsworth for $5.49 million, according to Daum Commercial Real Estate Services, a commercial real estate brokerage with offices in Woodland Hills.