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

Glendale Project Appeals to Artists as Tenants

residential: Affordable housing complex features music rooms and gallery.

Artists seeking lower apartment rents in Glendale’s art district have a new, aesthetically pleasing apartment complex designed with them in mind.

Jackie Adams-Ings

Star Accountant Jackie Adams-Ings

Small Homes, Big Market

Real Estate: Affordability issue, land scarcity make little housing projects a growing trend.

Small lot law makes single-family homes more affordable.

Mark Demos

Star Accountant Mark Demos

CSUN to Build Campus Hotel

HOSPITALITY: Hyatt Place and restaurant will generate revenue.

Cal State Northridge seeks to boost revenue with a campus hotel.

Glendale Office Buildings Fetch $144 Million

Two Class A office buildings in Glendale have sold for $144 million, according to their buyer, real estate investment firm Kennedy-Wilson Holdings Inc.

Tesla Shares Tech With Santa Paula Grower

Santa Paula lemon and orange grower Limoneira Co. has struck up a new partnership with Palo Alto electric vehicle maker Tesla Inc. to test out its new battery system designed for a wider range of uses beyond automobiles.

Northridge Plaza Sells for $55 Million

A shopping center in Northridge has changed hands for nearly $55 million, according to Investment Real Estate Associates in Encino.

Home Prices Rise Again

Housing inventory continues to tighten in the San Fernando and Santa Clarita valleys, causing prices to rise again in April, according to the Southland Regional Association of Realtors Inc.

German Light Grows Valley Presence

German Light Products, a lighting manufacturer based in Germany, has signed a lease for space in San Fernando as its new West Coast headquarters, according to commercial real estate brokerage Cushman & Wakefield.

Chatsworth Firm to Pay for Fraud Claims

A Chatsworth water damage restoration company will pay almost $500,000 relating to an alleged four-year history of fraudulent business practices, according to city of Los Angeles’ attorney’s office.

Valley Hospital Properties Sell in $150 Million Portfolio

Three medical office buildings on or near Valley hospital campuses have sold as part of an 11-property portfolio for $150 million, or $253 square feet.

Video Links Keyes to Car Buyers

AUTOMOTIVE: Program logs 30 percent conversion rate.

To connect personally with online car shoppers, Keyes Auto Group implements interactive video car tours.

Tease photo

Theme Parks Now Want Moving Parts

Sun Valley firm hires engineer to build mechanical attractions.

Stage and lighting company LA ProPoint brings mechanical engineering in house to build bigger, faster and pricier attractions.

Historic Calabasas Campus Tries to Rise Again

REDEVELOPMENT: Former headquarters set for facelift and market repositioning.

An internet search of 4500 Park Granada in Calabasas turns up all sorts of interesting things.

Chatsworth Industrial Building Sold

A more than 121,000-square-foot industrial building has sold in the San Fernando Valley for an undisclosed price, according to Coldwell Banker Commercial Advisors in Glendale.

PennyMac Disappoints, Shares Fall

PennyMac Financial Services Inc. in Westlake Village reported first-quarter earnings and revenue Thursday that fell short of analysts’ expectations, causing a 7.5 percent drop in its share price.

American Homes Increases Income, Revenue

American Homes 4 Rent, the nation’s largest single-family home landlord, surpassed analysts’ estimates for first-quarter revenue.

CRC Narrows Losses

California Resources Corp. narrowed its losses during its first quarter by more than half, enabling the state’s largest oil and natural gas producer to beat analysts who expected greater losses.

Data Storage Supplier Renews Chatsworth Lease

DataDirect Networks Inc. has renewed its lease for 90,000 square feet in Chatsworth for another three years, said Lee & Associates-LA North/Ventura in Sherman Oaks.

Gelt Subsidiary to Buy Mobile Homes

Tarzana real estate investment firm Gelt Inc. has formed a new company to buy and manage mobile home and recreational vehicle parks.

IMT Sells Granada Hills Complex for Nearly $20 Million

Apartment developer and operator IMT Residential in Sherman Oaks has sold its 52-unit apartment complex in Granada Hills for about $19.5 million, according to Marcus & Millichap Inc. in Calabasas.

Tutor Perini Wins Contracts Worth Nearly $780 Million

Sylmar construction company Tutor Perini Corp. said it has won contracts for four projects with a total value of about $774 million.

Simi Warehouse Sells for Nearly $17 Million

A nearly 139,000-square-foot warehouse has sold in Simi Valley for $16.5 million.

‘Chikin’ Chain Plans Nests In the Valley

Atlanta restaurateur eyes prime corner location in West Hills.

‘Mor chikin’ may be coming to the Valley from Chick-fil-A.

Growth or no Growth?

Southern California’s housing crisis signals to developers that it’s time to build apartments. But some Valley residents’ groups want only projects that won’t increase traffic.

Sherman Oaks and other Valley neighborhoods stand up to development pressure.

Tease photo

Preview: SPECIAL REPORT: Growth or No Growth?

If developers get their way, 600-plus new apartments and a new supermarket will rise in Sherman Oaks over the next few years, but their visions have sparked backlashes from residents who believe the projects will degrade rather than improve their communities.

Sun Valley Self-Storage in Portfolio Sale

Self-storage facilities sold in Sun Valley and Oxnard are part of a 15-property portfolio sale to a Chicago private equity real estate firm.

PS Business Parks Beats Expectations

Glendale’s self-storage developer PS Business Parks Inc. (PSB) reported first-quarter earnings that surpassed an analyst’s expectations.

Valley Home Prices Climb 13 Percent

The price of single-family homes sold in the San Fernando Valley may have reached a record high in March, according to the Southland Regional Association of Realtors Inc.

Tire Center Leases Van Nuys Space

National automobile service chain Tire Centers is expanding to Van Nuys with a new location, according to Hudson Commercial Partners Inc. in Studio City

Sherman Oaks Apartment Project Proposed

A developer has plans to build a new 300-plus unit apartment complex with commercial space on Ventura Boulevard in Sherman Oaks, according to a marketing brochure by commercial brokerage CBRE Group Inc.

California Resources Partnership to Drill Wells

California Resources Corp., the state’s largest oil and gas producer, has announced a second partnership to develop its existing oil and gas wells in the state.

Van Nuys Airport Names Operations Chief

Van Nuys Airport has named Christian Moreno as chief of operations, the airport announced Monday.

Yes/No Neighbors

Adjacent cities Glendale and Burbank take different approaches to development, but that may need to change.

Glendale and Burbank differ in how they handle development and growth—but now both are shifting direction.

Tease photo

Simulations Plus Sees Potential in South Korea

SOFTWARE: Distribution deal opens Asian market while stock price rises.

Simulations Plus partners with new distributor in South Korea’s pharma market.

Industrial Properties Morph into Self-Storage

Transaction: Repositioning fetches higher price for a Burbank building.

How can you fetch a higher price for an industrial building?

Drug Test Firm Moves HQ to Northridge

Drug Tests in Bulk of West Hills, an online provider of drug tests for businesses and government agencies, plans to move its headquarters to a newly acquired building in Northridge, according to Hudson Commercial Partners Inc. in Studio City.

NewMark Properties Access In-House Refinancing

Woodland Hills retail developer and property management firm NewMark Merrill Co. has provided two of its shopping centers with nearly $27 million in refinancing.

Investors Pay $70 Million for Gateway Village

Gateway Village shopping center in Santa Clarita has sold for nearly $70 million, according to commercial real estate brokerage Colliers International.

Land Buyer Plans E-Commerce Warehouse

A nearly 4-acre parcel of land in Oxnard has sold to a buyer aiming to build a distribution warehouse, according to Daum Commercial Real Estate Services of Los Angeles.

Interlink Hires Partnership Director

Sensor provider Interlink Electronics Inc. in Westlake Village has named John Heitzinger to the new position of director of strategic partnerships, the company announced Tuesday.

NoHo West Project Breaks Ground

NoHo West, a new and redeveloped project breaking ground this week, is the hope for a North Hollywood neighborhood that could use some TLC.

Summit Financial Moves Headquarters

Summit Financial Consultants Inc. of Westlake Village has leased space at Westlake Park Place and has just moved its headquarters there, according to the firm.

Burbank Wins Economic Development Awards

The city of Burbank has won three awards for economic development efforts last year in a statewide competition.

SPECIAL REPORT: Talk on the Tarmac With Clay Lacy

Clay Lacy on airports, flying and past Hollywood stars.

SPECIAL REPORT: Catching an Updraft

Rising demand for business jets has prompted a modernizaton of Van Nuys Airport, with developers and tenants building the general aviation facility of the future.

Business jets are flying high and pushing development at Van Nuys Airport.

Tease photo

Arts Colony Offers Healing for Palmdale Vets

HOUSING: Gallery, library, computer lab and gym to provide therapy.

Palmdale’s homeless veterans will soon have a new housing option with an artistic touch.

Noise Among Neighbors

DEVELOPMENT: Residents’ groups square off on proposed Woodland Hills eldercare project.

A plan for an eldercare facility pits neighbors against neighbors in a Woodland Hills community.

Economist Reports Strong Growth for Santa Clarita

Traffic in the Santa Clarita Valley has surpassed its prior peak levels of 2010 to 2012, presenting an easy-to-see demonstration of the region’s strong growth.