San Fernando Valley Business Journal


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

American Homes Chairman to Invest $50 Million

American Homes 4 Rent announced Wednesday that Chairman B. Wayne Hughes will purchase $50 million of the company’s common shares in a private offering.

Precision Paint Expands Footprint

Precision Painting of Westlake Village has signed a lease to take more than double its current space in Newbury Park to accommodate growth, according to commercial real estate firm Westcord Commercial Real Estate Services of Westlake Village.

Glendale Woolworth Open After Remodel

The former F.W. Woolworth Co. store at 201 N. Brand Blvd. has three new tenants after a recently completed refurbishment updated the building's system, added new storefronts and gave the exterior a much-needed makeover.

Refi to Fund Improvements at Sherman Oaks Offices

The refinancing of debt on a Sherman Oaks Class A office buildings will help improve and market the property once a major tenant leaves.

Public Storage Opens Biggest Facility in U.S.

Public Storage this week will open its largest facility in the United States.

Marcus & Millichap Partners With Prudential

Marcus & Millichap’s financing subsidiary Marcus & Millichap Capital Corp. has broadened its network of lenders through a preferred correspondent agreement with PGIM Real Estate Finance, a unit of Prudential Financial Inc.

Marcus & Millichap Report Better-Than-Expected Year

Calabasas commercial real estate brokerage Marcus & Millichap Inc. (MMI) reported results for the fourth quarter and full year earnings that beat Wall Street expectations.

Pasadena Shopping Center Sold for $30 Million

A fully leased Pasadena shopping center has sold for nearly $30 million, according to commercial real estate firm Savills Studley.

Boston Scientific Renews Valencia Lease

Boston Scientific Corp. has renewed its current lease in Valencia and extended it for 10 years with plans to add employees, according to CBRE Group Inc.

Preview: Home Sellers in 3D

Selling a Malibu mansion with an asking price of $57.5 million? Real estate company REX has a 3D marketing campaign for you.

Two Glendale Office Buildings Sell

The Glendale office market heated up this week with two significant transactions that totaled more than $260 million.

Glendale Plaza Sells for $179 Million

A 25-story office tower in Glendale was sold on Tuesday for $179 million, according to a source familiar with the deal, a steep discount from its prior sale about a decade ago for $215 million.

Moorpark Warehouse Sold for $22.8 Million

Real estate investment bank Continental Partners has secured financing for the $22.8 million purchase of an industrial building in Moorpark.

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.