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

Investment Group Pays $19 Million for Burbank Carmax Location

The recent purchase of a Burbank CarMax center was the third and final chapter in a series of recent acquisitions worth nearly $50 million by a group of L.A.-based investors.

Home, Condo Sales Increase in April

In April, condominiums in the Santa Clarita Valley saw hot activity with sharp jumps in prices and sales, according to the Southland Regional Association of Realtors.

Two Thousand Oaks Apartments to Be Spruced Up

Two Thousand Oaks apartment complexes will undergo improvements thanks to a $130 million loan.

Farmers Sells Westlake Village Building

As evidence of Conejo Valley’s hot market for investors, L.A.-based insurer Farmers Group Inc. has sold its building in Westlake Village for $18.6 million, according to real estate activity tracking database CoStar Realty Information Inc.

UPS Signs Largest Valley Lease in 2016

Package deliverer UPS is increasing its local presence with the signing of the Valley’s largest lease so far this year, according to L.A.-based CBRE Group Inc.

DaVita to Open Simi Dialysis Center

Dialyses center operator Total Renal Care Inc. has leased more than 11,000 square feet in Simi Valley, according to commercial real estate brokerage Lee & Associates-LA North/Ventura in Sherman Oaks.

American Homes Sets Price for New Offering

Agoura Hills-based American Homes 4 Rent, the country’s largest publicly-traded, single-family home landlord, announced the pricing of a $225 million public offering of preferred stock to be $25 a share.

Preview: Soft Story = Hard Times

Many apartment owners in the San Fernando Valley are now feeling the tremors from a law passed by the Los Angeles City Council requiring costly retrofits so buildings can better withstand earthquakes.

Preview: Medical Main Street in Lancaster?

From the top of a building on the campus of Antelope Valley Hospital, Lancaster City Councilman Raj Malhi can look out over medical office buildings, apartments, a scattering of retail malls – and 107 acres of empty land.

Palmdale Medical Building Sells for $5 Million

A 24,000 square-foot-medical and office park in Palmdale has been sold for nearly $5 million, according to commercial brokerage firm Lee & Associates – LA North/Ventura Inc. in Sherman Oaks.

Westlake Village Campus Sold After Creative Re-do

A four-building campus in Westlake Village, renovated into creative office space, recently sold for $18.25 million, according to the sellers, Van Nuys property firm Majestic Asset Management Inc. and JS/JS Properties Inc. in Canoga Park. The buyer was L.A. real estate investor named Kids from the Valley XIV.

Both PennyMacs Report Sour Quarter

The two PennyMac companies of Moorpark on Thursday reported down quarters.

Healthy Economy Helps Marcus & Millichap

Calabasas’ fast-growing commercial real estate brokerage business Marcus & Millichap Inc. ended its first quarter with a double-digit jump in profit and a new chief executive.

Tutor Perini Shares Leap After Surprise Report

The stock of Tutor Perini Corp. soared more than 26 percent Thursday following its earnings report that crushed Wall Street’s expectations.

Santa Clarita Shopping Center Sells

The Bouquet Center in Santa Clarita has been bought by San Diego real estate investment trust Retail Opportunity Investments Corp. for $59 million, the company confirmed.