San Fernando Valley Business Journal

SFV REAL ESTATE

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

American Homes Rises on Better-Than-Expected Quarter

American Homes 4 Rent, the nation’s largest single-family home landlord, posted earnings that far outpaced Wall Street expectations.

Van Nuys Apartment Complex Sold for $5 Million

An 18-unit apartment complex in Van Nuys has traded hands for $5 million, according to brokerage Marcus & Millichap.

Children's Hospital to Take Nestle Space

Children's Hospital Los Angeles has agreed to lease a portion of Nestle USA’s former office space in Glendale, where the food company is the majority tenant, the health care provider confirmed in an email to the Business Journal.

Public Storage Reports Solid Quarter, Adds Board Member

Public Storage, the Glendale self-storage-focused real estate investment trust, reported earnings, a quarterly dividend and a new board member in its most recent financials report.

Tutor Perini Falls Short of Revenue Estimate

Sylmar construction firm Tutor Perini Corp. (TPC) met analyst expectations on quarterly and full-year earnings but had mixed results on revenues.

Tutor Perini to Build Saudi Air Base

Tutor Perini Corp. has won an $80 million design-build contract from the U.S. Air Force to design and construct facilities for the Royal Saudi Air Force.

PS Business Parks Reports Strong Quarter

Glendale real estate investment trust PS Business Parks Inc. outperformed Wall Street’s estimates on quarterly and yearly earnings.

MannKind Gains $16.7 Million From Building Sale

MannKind Corp. on Tuesday announced it has received the remaining $16.7 million after closing the sale of some of its former real estate at 28901-28903 N. Avenue Paine in Valencia.

Crednology Company Signs E-Waste Contract

A subsidiary of Crednology Holding Corp. entered into an agreement with a Conejo Valley school district to provide e-waste collection services.

Cast & Crew Expand Burbank Footprint

Cast & Crew Entertainment Services has leased an additional 20,000 square feet at its Burbank headquarters, according to commercial real estate firm Savills Studley.

Oxnard Apartment Complex Sold for $22 Million

An Oxnard apartment complex on Channel Island Harbor has sold for more than $22 million, according to CoStar Group Inc.

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.