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

Massive Newhall Ranch Project Wins Approvals

Half of the massive Newhall Ranch development project sailed through approvals Tuesday at a public hearing by the Los Angeles County Board of Supervisors.

Sotheby’s Realty Opens in Calabasas

Wish Sotheby’s International Realty will open its fourth office next week in Calabasas, according to the company.

Quixote Studios Buys Sun Valley Building

Quixote Studios, a national provider of soundstages, equipment and vehicles for film and television in Los Angeles, has bought a more than 60,000-square-foot industrial building in Sun Valley it currently rents and occupies, the company announced.

Finance Firm to Relocate in Westlake Village

One Capital Management plans to relocate within Westlake Village and double its existing space by the end of the year, according to Daum Commercial Real Estate Services.

Financier Assembles $125 Million NoHo Project

MIXED USE: L+O Residences to feature 297 apartments, Whole Foods Market.

An East Coast developer is building its first West Coast project in North Hollywood with the help of several local companies and investors.

Fight for the Hills

Development projects on Las Virgenes Road in Calabasas must win approval from multiple agencies and view-conscious residents.

With not much left to build on in Calabasas, builders and residents spar over Las Virgenes Road’s pastoral hillsides.

Bone Maker Consolidates Collection

New home to display skeletal holdings from fossils to forensics.

Greater demand for its replicated bones and skeletons leads Bone Clones to take new, larger space.

Glendale Office Building Fetches $59 Million

Glendale’s newest office building has sold for $59 million, according to Newmark Knight Frank of Los Angeles.

Chatsworth Business Park Sold for Nearly 40 Percent Gain

Chatsworth Business Park has sold for more than $29 million, according to real estate database CoStar Group Inc., a hefty bump-up over its prior purchase price.

Local Apartments in IMT Portfolio Sale

Sherman Oaks apartment developer and manager IMT Residential has sold off several local apartment complexes as part of an 11-property portfolio, according to CoStar Group Inc.

Fined for Wage Violations, Carl’s Jr. Pushes Back

Two local Carl’s Jr.’s restaurants are among seven that have been told by Los Angeles City Attorney Mike Feuer and the city’s Office of Wage Standards that they must pay $1.45 million to the city and restaurant workers for allegedly not paying minimum wage, or face further potential action.

Oil Slump Survivor

How Todd Stevens navigated California Resources through a downturn in petroleum prices.

Todd Stevens, chief executive, California Resources Corp., on how he has kept the energy producer afloat – so far – during oil’s slippery slide.

Mayo Maker Finds Savings In Waste Cuts

Earth Island plans to highlight clean appeal in marketing.

Vegan food manufacturer finds savings with zero waste goal.

Valley Offices At a Premium

REAL ESTATE: Investors eager to buy buildings with appeal for show business tenants.

Burbank-NoHo media and entertainment companies are driving sky high price gains for investors.

Valley Community Plans Engage Update Process

DEVELOPMENT: Staffers talk to neighborhood council about next 20 years.

The Community Plan update mission is underway for the Canoga Park, Winnetka, Woodland Hills and West Hills neighborhoods.

PREVIEW: Surviving the Oil Slump

In the fall of 2014, Todd Stevens took on the leadership of oil producer California Resources Corp. after the company was spun off by energy giant Occidental Petroleum Corp. before it left for Texas. But the new company was saddled with $7 billion in debt and saw oil prices chopped in half.

Apartment and Whole Foods Project Gets Capital

A soon-to-be-built apartment and Whole Foods Market complex in North Hollywood’s Arts District has received new equity from an L.A. investment firm.

Burbank’s Alameda Media Center Sold

The seven-story Alameda Media Center office property in Burbank has sold for an undisclosed price, according to Madison Partners.

Three NoHo Office Buildings Sell for $32 Million

Three North Hollywood properties have sold for $32 million, according to CoStar Group Inc.

Whole Foods Proposal Still on Table

As if by premonition, Sherman Oaks Neighborhood Council’s planning committee members asked a Whole Foods Market Inc. representative Thursday night about whether the company planned to be acquired.

Valley Condo Prices Hit Record Highs

Condominiums in the San Fernando Valley hit an 11-year record price in May, according to the Southland Regional Association of Realtors Inc.

Woodland Hills Neighborhood Council Approves Hotel

The Woodland Hills-Warner Center Neighborhood Council on Wednesday approved a proposed hotel that will now be reviewed by the city of L.A.’s planning process.

Agoura Hills Office Building Sells for $20 Million

A 94,000-square-foot office building has sold in Agoura Hills for $20 million, according to L.A. commercial real estate brokerage firm Madison Partners.

Patagonia Buys Photography School Building

Outdoor clothing and gear brand Patagonia Inc. in Ventura has bought the former Brooks Institute of Photography building, according to CBRE Group Inc.

Engaging Tenants?

Janss Marketplace in Thousand Oaks hopes to bring an aquarium to the mall, a strategy to use attractions to generate traffic.

Could an aquarium lure consumers into spending money at a shopping mall when more of them are shopping online?

Van Nuys Soundstages Sell for Premium Price

INDUSTRIAL: Investor pays $199 a square foot for former ‘90210’ studio.

Two buildings with soundstages and production studios have sold to a private investor who saw an opportunity for lucrative rents in the ultra-tight Van Nuys market.

Elvis Airplane Sold to Fan For $500,000

Agoura Hills auction house gains publicity blitz from sale.

Jet owned by “The King of Rock ‘n’ Roll” puts local auction house in spotlight.

C-Suite Cheer

Former cheerleader Deborah Sweeney takes a can-do attitude in running, the legal service company she acquired from Intuit.

Q&A: Deborah Sweeney, owner of

Burbank Empire Center Sells for $133 Million

The Burbank Empire Center has been purchased for more than $133 million, according to CoStar Group Inc.

App Developer Poised for New Funding

Thousand Oaks mobile advertising platform developer Deep Rock Ventures Inc. has hired a Beverly Hills investment banking firm to lead its next round of capital funding for its application.

Informa to Move Regional HQ to Agoura Hills

Informa Research Services, a market research firm and division of Informa UK of London, plans to move to Agoura Hills from Calabasas to accommodate growth, according to Jones Lang LaSalle Inc.

Simi Apartment Complexes Sell for $141 Million

The Villas & Overlook at Woodranch, two apartment complexes totaling 504 units in Simi Valley, have sold for more than $141 million, according to CoStar Group Inc.

Apartments, not Offices, are PS Business Parks’ Newest Venture

Glendale’s national office and industrial landlord, PS Business Parks Inc., is building apartments. The real estate investment trust announced Friday that its first-ever apartment venture, a 395-unit luxury mid-rise complex called Highgate at The Mile, at 7915 Jones Branch Drive in Tysons, Va., has opened to renters.

Vineyards at Porter Ranch Breaks Ground

Vineyards at Porter Ranch, the $150 million retail, residential and commercial center years in the making, broke ground Thursday in the northern Los Angeles community as developers announced its newest anchor tenant.

Elvis Jet Sold by Agoura Hills Auction House

GWS Auctions Inc. in Agoura Hills has made the most newsworthy deal of its life – selling Elvis Presley’s third and last private jet for nearly $500,000, a price that included a buyer’s premium.

Office Building Sells with 50% Price Gain in 4 Years

An office building in North Hollywood has sold for $69 million, or about $350 a square foot, according to commercial real estate database CoStar Group Inc.

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.

CSUN to Build Campus Hotel

HOSPITALITY: Hyatt Place and restaurant will generate revenue.

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

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

Jackie Adams-Ings

Star Accountant Jackie Adams-Ings

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.

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.

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.