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

American Homes 4 Rent Subpoenaed by SEC

American Homes 4 Rent, one of the nation’s largest single-family home landlords, has been subpoenaed by the Securities and Exchange Commission regarding brokers price opinions on the value of its properties, according to regulatory filings.

Dole to Close Another Berry Operation

Dole Food Co. Inc. in Westlake Village has announced another mass layoff relating to strawberries as the company continues to back out of its California berry operations.

Tejon Ranch to Raise $75 Million for Development

Tejon Ranch Co.’s board has set the terms for a stock rights offering it expects will raise at least $75 million, the company announced Monday.

Landlords Hustle to Limit Hurricane Damage

PUBLIC COMPANIES: Closures, repair crews and hotlines figure in recovery efforts.

Properties in the paths of Hurricanes Irma and Harvey owned by PS Business Parks Inc. in Glendale, single-family home landlord American Homes 4 Rent in Agoura Hills and self-storage developer Public Storage in Glendale, have suffered significant damage.

Dole’s Cash Deals

In preparation for an IPO, Dole improves its finances by sellling its headquarters and shutting down berry operations in Ventura County.

Dole Food Co. cuts berry operations and swaps properties to help reduce debt.

Pushback on Newhall Ranch

DEVELOPMENT: Approval for housing projects prompts suit.

Environmentalists sue – again - over Newhall Ranch’s recent approvals.

Preview: Dole's Cash Deals

Dole Food Co. cuts berry operations and swaps properties to help reduce debt.

Assembly Passes Santa Clarita Water Bill

A bill to dissolve three water districts in Santa Clarita Valley and create a new agency has passed the California Assembly and is on its way to the state Senate.

Ventura County Star Buildings Sold

The Ventura County Star buildings in Camarillo sold last month to a New York City real estate investment company that specializes in buying and repurposing former media and newspaper properties.

Forecast Focuses on Housing Shortage

Los Angeles and Ventura counties lag in meeting the state’s housing demands, and they better catch up or the state may intervene, economist Mark Schniepp said at the annual conference on the health of Ventura and the neighboring county.

Frontier to Consolidate Offices in Thousand Oaks

Frontier Communications Corp. will consolidate its Oxnard and Thousand Oaks operations into a new space in Thousand Oaks, according to the city of Thousand Oaks and the company.

CVS-Anchored Center Sold for $15.5 Million

Representing the continued interest among investors for drugstore-anchored properties, a shopping center in Santa Clarita has sold for $15.5 million, according to Hanley Investment Group Real Estate Advisors.

Public Storage Re-Opens Facilities in Houston

A week after Public Storage closed more than 100 facilities in the Houston area due to Hurricane Harvey, the company announced it has re-opened them.

Thinker in 3D

Architect and sculptor Jeffrey Kalban employs a left brain/right brain approach to create buildings he describes as ‘romantic Modernist.’

Architect Jeffrey Kalban talks about designing buildings with and for some of the industry’s stars.

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Schools for Sale

Developers jockey for deals as district reshuffles real estate holdings

Simi Valley school district sheds properties, spelling gains for developers and the city.

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Developers Seek Insight on Renters’ Preferences

MULTIFAMILY: Apartment manager sells expertise gleaned from tenants.

One of L.A.’s largest property management firms has found a way to stand out from the increasing competition by helping developers design apartments to attract tenants before the properties are built rather than just managing them once they’re finished.

Construction Begins on Apartments to Replace Post Office

Amcal Equities, a division of Amcal Multi-Housing Inc. in Agoura Hills, is going vertical on its apartment complex on the site of the former Woodland Hills Post Office.

Settlement Reached Regarding Criminal Activity at Motel 6 in Sylmar

Los Angeles City Attorney Mike Feuer announced Thursday that his office has reached a $250,000 settlement with the owner of Motel 6 in Sylmar that will also include operational and management changes.

Nestle Employees Still Unsettled: 612

The fate of about half of the employees of Nestle USA’s Glendale headquarters apparently has yet to be settled as a result of the food and beverage giant’s decision to relocate to Virginia, the company said Wednesday.

Hurricane Harvey Prompts Response from Local Real Estate Companies

Two real estate companies headquartered in the Valley region have announced efforts to help customers affected by Hurricane Harvey in Houston.

Choice Plans to Open Burbank Hotel

Choice Hotels International Inc. and a developer have agreed to build a Cambria-branded hotel in Burbank, the company said Monday.

Dole Plans to Move Farming Out of Southern California

Dole Food Co. Inc. in Westlake Village will shrink its Oxnard berry operations as part of a plan to move its farming operations out of Southern California, the company said in a recent letter to the state.

Fitness Franchisee Takes Over Thousand Oaks Bay Club

The Thousand Oaks Bay Club, a luxury athletic club that is part of a chain of country clubs in California, has been taken over by a local sports and fitness franchisee.

Making Way for Workouts

FITNESS: Country club operator exits, gym firm takes space.

Bay Club’s Valley facilities to be taken over by gym operator.

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House-Flip Lender

Anchor Loans built its business providing money for rehab home deals. Now it’s looking to expand into rental financing.

It’s taken 19 years for Anchor Loans to expand into the fast-growing home rental market from fix-and-flip loans.

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Firm Makes Digital Music Easy on Ear

Bambu’s software adds highs and lows to compressed audio.

Bambu returns quality to compressed audio files.

Condo Sales Drop in Valley, Climb in Santa Clarita

Condominium sales trended in opposite directions in July in the San Fernando and Santa Clarita valleys, according to the Southland Regional Association of Realtors Inc.

Trammell Crow Plans to Build Industrial Park in Santa Clarita

Fifty-four acres of land have sold in Santa Clarita for the development Center at Needham Ranch, according to one of the buyers, Trammell Crow Co. of Dallas. The acquisition price was not disclosed.

Sherman Plaza Office Complex Sold for $62 Million

The two towers comprising the Sherman Plaza in Van Nuys have sold for about $62 million, according to CBRE Group Inc. in Los Angeles.

Simi Valley School District Buys New HQ Building

The Simi Valley Unified School District has bought a specialty building in the city previously used for entertainment production to house its district operations.

Celebrity Pastry Chef to Move in Moorpark

Carrara Pastries in Moorpark has signed a long-term lease for a larger location in the city, according to Daum Commercial Real Estate Services.

CEO to Fill in as Finance Officer Leaves PS Business Parks

PS Business Parks Inc., the Glendale investor in office and industrial parks, announced Monday that its chief financial officer has stepped down.

MannKind Moving to Westlake Village

Valencia biopharmaceutical company MannKind Corp. is relocating its corporate headquarters to Westlake Village, the company confirmed Thursday.

Marcus & Millichap Ahead of Expectations

Marcus & Millichap Inc., the commercial real estate brokerage firm in Calabasas, jumped Wall Street expectations for its second quarter despite weaker year-over-year results.

Glendale Apartments Fetch $20 Million

A 63-unit apartment complex in Glendale has traded for $20 million, delivering a 60 percent gain to the sellers, according to Encino commercial real estate firm Investment Real Estate Associates.

Three Valley Shopping Centers Sold

Three Valley shopping centers have been sold by an L.A. retail developer as part of a $345 million portfolio sale and joint venture formation.

Real Estate Quarterly: Santa Clarita Valley

SUBMARKET REPORTS: How does your area measure up?

Students’ Cyber Skills Win Contest

High schoolers take top honors en route to lucrative careers.

North Hollywood High Schoolers’ win at cybersecurity contest could blaze career path.

Trains, Buses, Housing

Public transportation plays a central role in North Hollywood’s vision for the future.

North Hollywood’s transit station, culture and lifestyle attracts developers and investors.

Real Estate Quarterly: Conejo Valley

SUBMARKET REPORTS: How does your area measure up?

Real Estate Quarterly: San Fernando Valley

SUBMARKET REPORTS: How does your area measure up?

Tastes of the Tropics Mix In Ice Cream

Belize native brings fresh flavors to frozen dessert shop.

How making tropical ice cream became an obsession for owner of Helados Pops.

Real Estate Quarterly: Burbank and Glendale

SUBMARKET REPORTS: How does your area measure up?

Industrial Scarcity Prompts Building Purchases

Trends stirring up Valley markets.

Warner Center Office to Make Way for Apartments

Residential developer California Home Builders in Canoga Park, a division of Evenhaim Industries Corp., has bought an office building for $16 million in Woodland Hills as the site for its next mixed-use project.

Preview: Trains, Buses, Housing

Public transportation plays a central role in North Hollywood's vision for the future.

Tutor Perini Building Palisades Village Project

Tutor Perini Corp. has begun construction on the Palisades Village project in Pacific Palisades.

PennyMac Performance Disappoints

PennyMac Financial Services Inc., the non-bank mortgage lender in Westlake Village, disappointed Wall Street Thursday.

CRC's Loss Widens, Revenue Grows

California Resources Corp. reported mixed second-quarter results, falling short of analysts’ expectations on a widened net loss while surpassing them on revenue.

Lancaster Apartments Sold for Record Price

A 200-unit apartment complex in Lancaster has sold at a record price for the greater region, according to commercial real estate brokerage firm Mogharebi Group in Costa Mesa.