Carol Lawrence

Staff Reporter (Real Estate)

Carol Lawrence writes commercial real estate stories about development, land and building deals, relevant trends and compelling profiles relating to the San Fernando Valley and other nearby Valley areas.

A business writer for 10 out of her 13 years in journalism, Carol has covered SoCal topics including manufacturing, agriculture, the Los Angeles and Long Beach seaports, small businesses and transportation as it affects business. Carol has won several journalism awards for her coverage of business, environmental issues and agriculture.

She can be reached at (818) 316-3123, or by email:

Phone: 818-316-3123 Extension: 114

Recent Stories

Moorpark Industrial Building Sold

The Moorpark manufacturing and warehousing complex formerly occupied by Kavlico, the specialty sensor manufacturer now in Thousand Oaks, has been sold, according to brokerage Newmark Knight Frank.

Realtors Association Posts Ads Opposing Tax Reform Bill

The California Association of Realtors has taken out full-page advertisements in major national news telling President Donald Trump and California’s congressional delegation that Trump’s proposed Tax Reform Plan would punish California residents should it become law.

Bristol Farms Opens in Woodland Hills

Bristol Farms has opened its first San Fernando Valley store at the El Camino Shopping Center in Woodland Hills, according to CBRE Group Inc. in Los Angeles.

Cusumano Sells Burbank Apartments for $59 Million

Cusumano Real Estate Group has sold a two-building apartment complex in Burbank for $59 million, according LA Commercial Agency/KW Commercial in Encino, which handled the deal.

50 Fastest Growing Private Companies 2017: Payscout Inc.

‘Frictionless’ Transactions Translate to Growth

Largest Company and Star Performer winners.

Car Condos Spin Some Heads

REAL ESTATE: Collectors love extra space, fancy ambiance.

Developers find the formula for car collectors needing space for their possessions.

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50 Fastest Growing Private Companies 2017: Account Control Technology Holdings Inc

Star Performer: At Account Control, Bills Make Good Business

SPECIAL AWARD – Star Performer winner

Medical Tenants Revive Valley Office Market

REPORT: High visibility prompts health providers to pay extra for space.

The general office market in the Valley areas has seen better days, but the medical office market is healthy and improving.

Newhall Ranch to Preserve 1,500 Acres for Wildflower

Newhall Land and Farming Co., developers of the proposed Newhall Ranch project in the Santa Clarita Valley, has agreed to preserve an additional 1,500 acres for a flower that grows there and only one other place.

Limoneira Breaks Ground on 1,500 Home Project

Limoneira Co., an independent lemon grower in Santa Paula, began construction Wednesday on a master planned community some 10 years in the making.

Construction Delays Impact Tutor Perini’s Q3

Construction firm Tutor Perini Corp. of Sylmar disappointed Wall Street Thursday with third-quarter earnings that missed estimates due to project delays.

Blackstone Buys Again in Burbank

The New York City real estate investment firm Blackstone Group has grown its local portfolio with a recent purchase of a shopping center next to the Hollywood Burbank Airport.

Vacant Chatsworth Building Sells for $23 Million

A 142,000-square-foot industrial building in Chatsworth on nearly 7 acres has traded for $23 million, according to California Realty Group in Santa Monica.

Marcus & Millichap Increases Earnings, Revenue

Marcus & Millichap Inc. reported third-quarter results on Tuesday that beat Wall Street expectations.

CRC Shares Gain 17 Percent on Quarterly Results, Higher Oil Prices

Higher oil prices, a narrower net loss and the chance of extending debt payment deadlines set share prices soaring Monday by 17-plus percent for Chatsworth energy producer California Resources Corp.

Majestic Sells Part of Agoura Hills Office Campus

Majestic Asset Management Inc. in Van Nuys has sold two of four buildings in the Agoura Hills creative flex campus it remodeled after buying the park last year.

American Homes Posts Mixed Quarter

American Homes 4 Rent, the national single-family home landlord in Agoura Hills, reported third-quarter earnings with mixed results.

NoHo Office Building Sold for $23.5 Million

North Hollywood’s Lankershim Media Center office building has traded hands for $23.5 million, according to CBRE Group Inc.

PennyMac Financial's Shrinking Earnings Beat Expectations

Westlake Village’s nonbank mortgage lender PennyMac Financial Services Inc. reported third-quarter earnings above Wall Street expectations and anticipates minimal losses from hurricanes and wildfires, the company announced Thursday.

Valley Businesses Petition City on Homeless Issue

More than 600 business and property owners have signed a petition asking for the city of L.A.’s help in dealing with increasing homelessness in Chatsworth and Northridge.

Tejon Ranch Raises $90 Million for Development

Tejon Ranch Co. near Lebec announced it raised an estimated $90 million from its recent stockholders’ rights offering to help fund its proposed housing and commercial communities.

Turnaround Time For Ventura County

Builders may have an answer for a shrinking economy and spiking home prices.

Can real estate help Ventura County’s economy?

A Mix of Half-Full, Half-Empty Markets

What’s trending in Valley submarkets.

Will Pet IRA Open at Bank Near You?

Animal-friendly online broadcaster seeks savings plan partners.

How to take spending on Fluffy up a notch.

Covercraft Leases Space in Valencia's IAC Center

Covercraft, a maker of automotive covers and protectors, plans to relocate within Valencia to the new IAC Commerce Center, according to brokerage CBRE Group Inc.

Ventura County Economy in Decline

Ventura County’s economy has declined due to job losses in high-paying industry sectors, with only low-paying jobs increasing, according to the California Lutheran University Center for Economic Research and Forecasting, which reported its economic forecast for 2018 in Ventura County at the Serra Center in Camarillo Thursday.

Public Storage Beats Expectations Despite Hurricane Losses

Public Storage in Glendale exceeded Wall Street expectations on revenue and earnings despite incurring damages to its facilities from Hurricanes Harvey and Irma.

Three Valley Apartment Complexes Sell for $41.6 Million

Lion Real Estate Group in Los Angeles has bought three apartment complexes in the San Fernando Valley for $41.6 million, according to the company.

VICA Conference Features Economic Forecast

The Valley Industry Commerce Association presented its annual economic forecast Friday at the Hilton Los Angeles in Universal City.

Van Nuys Office Buildings Sell for $22 Million

A two-building, 100,000-square-foot office portfolio in Van Nuys has sold for more than than $22 million, according to CoStar Group Inc.

Newhall Ranch on Amazon Site List

The massive, proposed Newhall Ranch development, which recently cleared two major hurdles to its materialization in northern L.A. County, is the Santa Clarita Valley site that made it into the regional pitch to Inc. as a possible second headquarters.

Van Nuys Council Supports Alternate Rail Yard Location

The Van Nuys Neighborhood Council has come out against a highly controversial potential site proposed in its community as a light rail system storage yard.

County Bid for Amazon HQ Includes Santa Clarita

The Santa Clarita Valley is one of nine sites presented as a possible second headquarters for Inc. within the Los Angeles County’s regional proposal to the e-commerce giant, according to the Santa Clarita Valley Economic Development Corp.

Valencia Fulfillment Expands Warehouse Space

Valencia Fulfillment Inc. has taken an additional 20,000 square feet in Valencia, according to Realty Advisory Group Inc.

Winnetka Apartment Complex Fetches Record Price Per Unit

A Winnetka apartment complex has sold for the highest per-unit price in the neighborhood’s history, according to Matthews Real Estate Investment Services in El Segundo.

BankCard USA Relocating to Westlake Village

BankCard USA Merchant Services in Agoura Hills will relocate to Westlake Village early next year, according to Westcord Commercial Real Estate Services in Westlake Village.

Density Fuels Downtown Glendale’s Appeal

DEVELOPMENT: City swells with 4,000 new apartments built or approved.

Glendale is a city that set its eyes on a prize and achieved it.

Scuba Stunts Make Art for Halloween

Antelope Valley hosts underwater pumpkin carving contest.

How carving pumpkins underwater while scuba diving helps a High Desert city’s economy.

Disney Helps Dealers

Porsche calls Disney Institute for advice on management and customer service issues.

Rusnak/Westlake Porsche has a starring role in automaker’s customer service overhaul with Disney Institute.

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Apartment Rents Projected to Rise

Residential real estate experts and economists have projected apartment rent movement and vacancy over the next two years for Southern California and the news is not good, particularly for L.A. County.

Preview: Disney Helps Dealers

Porsche calls Disney Institute for advice on management and customer service issues.

Mulholland Institute Exec Director Opposes Metro Rail Site

Land use and planning expert Robert Scott, executive director of the Mulholland Institute in Calabasas, has joined the public outcry against a Van Nuys site proposed to become a light rail system storage yard.

Santa Clarita Businesses Grow Footprint

Three companies have grown their footprint in Valencia to accommodate business growth.

Canyon Country Shopping Center Sells for $22.5 Million

Canyon Square Plaza in the Santa Clarita Valley has sold for $22.5 million, according to Cushman & Wakefield.

Woodland Hills Collection Agency Relocates

Caine & Weiner Inc., an accounts receivables and collections service in Woodland Hills, will move its national headquarters to San Fernando, according to CBRE Group Inc.

Valley Senior Facilities Sold in Portfolio

Two Valley eldercare facilities have traded hands as part of a $378 million portfolio to an Orange County health care property owner.

Commercial Brokers Evolve Even in Good Times

LIST: In response to market, real estate reps revamp their organizations, procedures.

Brokers discuss the biggest changes for commercial real estate firms.

New Versions Revive Song ‘Love L.A.’

NoHo native’s tune readies futuristic, gospel adaptations.

Valley songwriter sings about L.A. again in new versions.

Santa Clarita’s Amazon Bid

DEVELOPMENT: Can planned city check all the company’s boxes?

Could Santa Clarita Valley offer what Amazon wants for a second headquarters?

Trammell Crow Preps Needham Ranch Center

CONSTRUCTION: Santa Clarita to gain 870,000 square feet of industrial space.

A chunk of one of L.A. County’s largest, if not the largest, tract of entitled land is being prepped to eventually become a vast new industrial complex in the southernmost part of the Santa Clarita Valley.