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: email@example.com.
Phone: 818-316-3123 Extension: 114
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.
Real Estate: Affordability issue, land scarcity make little housing projects a growing trend.
Small lot law makes single-family homes more affordable.
HOSPITALITY: Hyatt Place and restaurant will generate revenue.
Cal State Northridge seeks to boost revenue with a campus hotel.
Two Class A office buildings in Glendale have sold for $144 million, according to their buyer, real estate investment firm Kennedy-Wilson Holdings Inc.
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.
A shopping center in Northridge has changed hands for nearly $55 million, according to Investment Real Estate Associates in Encino.
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 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.
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.
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.
AUTOMOTIVE: Program logs 30 percent conversion rate.
To connect personally with online car shoppers, Keyes Auto Group implements interactive video car tours.
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.
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.
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 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 4 Rent, the nation’s largest single-family home landlord, surpassed analysts’ estimates for first-quarter revenue.
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.
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.
Tarzana real estate investment firm Gelt Inc. has formed a new company to buy and manage mobile home and recreational vehicle parks.
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.
Sylmar construction company Tutor Perini Corp. said it has won contracts for four projects with a total value of about $774 million.
A nearly 139,000-square-foot warehouse has sold in Simi Valley for $16.5 million.
Atlanta restaurateur eyes prime corner location in West Hills.
‘Mor chikin’ may be coming to the Valley from Chick-fil-A.
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.
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.
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.
Glendale’s self-storage developer PS Business Parks Inc. (PSB) reported first-quarter earnings that surpassed an analyst’s expectations.
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.
National automobile service chain Tire Centers is expanding to Van Nuys with a new location, according to Hudson Commercial Partners Inc. in Studio City
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 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 has named Christian Moreno as chief of operations, the airport announced Monday.
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.
SOFTWARE: Distribution deal opens Asian market while stock price rises.
Simulations Plus partners with new distributor in South Korea’s pharma market.
Transaction: Repositioning fetches higher price for a Burbank building.
How can you fetch a higher price for an industrial building?
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.
Woodland Hills retail developer and property management firm NewMark Merrill Co. has provided two of its shopping centers with nearly $27 million in refinancing.
Gateway Village shopping center in Santa Clarita has sold for nearly $70 million, according to commercial real estate brokerage Colliers International.
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.
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, a new and redeveloped project breaking ground this week, is the hope for a North Hollywood neighborhood that could use some TLC.
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.
The city of Burbank has won three awards for economic development efforts last year in a statewide competition.
Clay Lacy on airports, flying and past Hollywood stars.
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.
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.
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.
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.