A building at Corporate Center Calabasas has sold for $11 million, brokerage CBRE Group Inc. announced Tuesday.
Glendale-based Armenian Cultural Foundation plans to convert a defunct, single-story Encino fire station into a cultural center.
Forecasters have upgraded their predictions for the San Fernando Valley during 2018, Matthew Fienup, executive director of the Center for Economic Research and Forecasting at California Lutheran University, announced Wednesday at a breakfast organized by the Business Journal.
A 52-unit apartment complex at 6251-6267 Reseda Blvd. in Tarzana has traded hands for nearly $11.3 million, or $216,346 per unit.
In Reseda, a 10,873-square foot retail property has sold for $3.8 million, according to James Brian Markel, regional manager of the Encino office of brokerage Marcus & Millichap Inc.
French firm RATP Dev USA has purchased Camarillo’s Roadrunner Shuttle for an undisclosed amount, according to local reports.
Wanderlust Creamery takes a global approach to selecting flavors for ice cream.
Wanderlust Creamery offers frozen treats.
rend: In L.A. County, average rents have risen 4.5 percent in last year.
Retail lease rates rise because of top-tier malls.
$150 million Porter Ranch project will feature 266 apartments, movie theaters, hotel and retail on 45 acres.
$150 million Porter Ranch project secures three more tenants.
Where Foo Fighter Rami Jaffee records and jams.
Foo Fighter rocks out in Van Nuys studio.
Los Angeles-based developer CityView has broken ground on a multifamily development in Warner Center.
Last week, L.A. City Councilmember Bob Blumenfield formally called for inclusionary housing in Warner Center, according to Urbanize.LA.
Calabasas-based brokerage Marcus & Millichap Inc. has entered into a definitive agreement to acquire the assets of Pinnacle Financial Group Inc., a Cleveland-based commercial real estate mortgage brokerage and servicing firm.
Klorman Construction has been selected to construct a parking garage for the 48-unit Mercy Housing Pico-Robertson Affordable Senior Housing Complex in Los Angeles.
A Valencia industrial building offering a combined 173,056 square feet of distribution and manufacturing space has sold for $20.7 million, according to listing agency NAI Capital Inc.
Tutor Perini Corp. has made low bids for three new civil projects that will total approximately $1 billion.
Nestlé S.A. has agreed to pay $7.15 billion to sell coffee with the Starbucks brand, according to Bloomberg.
After three revisions, Icon Co.’s $150 million mixed-use project in Panorama City has been approved by the Los Angeles City Planning Commission.
The former corporate headquarters for athletic footwear-maker K-Swiss in Westlake Village has sold for $11 million, according to Lee & Associates-LA North/Ventura.
Aldersgate Investments LLC of Oxnard has a mixed-use project coming online in Camarillo by October or November.
Brokers and economists anticipate upticks in future quarters for Burbank and the Conejo Valley.
A look at 2018’s first-quarter highlights.
ENERGY: Oil field could add $100 million to company revenues, analyst says.
California Resources Corp. gets financial boost from Elk Hills acquisition.
The Americana at Brand shopping center raised the bar for building a ‘town center’ amid the suburbs of the San Fernando Valley.
Americana at Brand helped to change landscape of downtown Glendale.
The retail synergy between Rick Caruso’s Americana at Brand and General Growth Properties’ Glendale Galleria has amped up foot traffic to downtown Glendale.
It’s been 10 years since the opening of the Americana at Brand in Glendale. How has the luxury shopping destination on Brand Boulevard changed the dynamics of local real estate?
Warner Bros. has renewed its 456,000-square-foot lease at Studio Plaza in the Burbank Media District, according to Real Deal.
Valley Industry & Commerce Association has voiced its opposition to the repeal of the Costa-Hawkins Rental Housing Act, which would remove rent control exemptions for new developments.
Chinese-owned manufacturer BYD of Lancaster has won the contract to create 20 articulated electric buses for Los Angeles International Airport, according to the airport’s parent entity Los Angeles World Airports.
Panoptic Development has unveiled its proposed mixed-use project near Warner Center’s Orange Line, as reported by Urbanize.LA.
Production rental company Line 204 won approval from the 2nd District Court of Appeals to break ground on the largest movie studio complex to be built in Los Angeles in nearly three decades.
The Canadian owner of the Mall of America is negotiating to buy one of the largest redevelopment sites in Los Angeles: the former rocket-engine manufacturing site of Aerojet Rocketdyne, according to CoStar Group.
Dollar General has made a 240,000-square-foot commitment to expand its footprint in the master-planned Tejon Ranch Commerce Center in Kern County to more than 850,000 square feet, according to Colliers International, which negotiated the deal.
LIST: Despite disruption in media and tech, visuals and storytelling still work.
Valley area PR firms going after niche clients.
RESIDENTIAL: Master-planned subdivsion rises on 450 hilltop acres.
Pardee Homes to build 1,200 single-family houses.
Conejo Valley group builds $20 million apartment projects with multiple funding sources.
Nonprofit gets creative in low-income housing.
A 49,585-square-foot industrial property in Thousand Oaks has sold for $6.6 million, or $133 a square foot, according to Lee & Associates-LA North/Ventura.
Canoga Park-based developer California Home Builders has begun building a low-rise condo project on a corner lot at 6800 Variel Ave. in Woodland Hills.
Tarzana-based real estate firm, Gelt Inc. has acquired a two-property apartment portfolio totaling 491 units for $74 million in two Seattle submarkets.
A 28-unit apartment property located in Tarzana has sold for $8.3 million, or $296,428 per unit.
Jones Lang LaSalle Inc. has announced that the real estate firm will provide property management services for two commercial centers in Glendale and Burbank.
Ketter Construction has filed a proposed development with Los Angeles City Planning Department for a mixed-use destination at a 1.29-acre site in Van Nuys.
DEVELOPMENT: Project among biggest ever in Ventura County.
Lemon grower partners on housing project, Harvest at Limoneira.
OUTLOOK: New hospital projects, industrial sites, to stimulate growth.
A booming 2018: That’s the trajectory for Santa Clarita as it continues growth in all sectors.
Ambitious millennial-minded, multi-site projects contribute to create a walkable ‘downtown’ in Woodland Hills.
Valley builder constructing a network of five mixed-use buildings in Warner Center.
Chinese investment in U.S. real estate last year declined by more than half, according to a Cushman & Wakefield report.
Two new direct tenants, Formosa Group, and Rethink Leisure & Entertainment, have signed leases at Hanhai Civic Plaza in downtown Burbank, according to a Cushman & Wakefield release.
Calabasas-based Marcus & Millichap has announced the sale of Lancaster Village, a 13,463-square foot retail property located at 1137 West Avenue I in Lancaster.
BLDG Partners has purchased 52 remaining live-work units at the Universal Lofts complex in Studio City in a $39 million acquisition, according to the Real Deal.
In a 10-year lease transaction, Eikon Group, a London-headquartered post-production company which did technical creative work on such tentpoles as “Blade Runner 2049” and “Spider Man: Homecoming,” will occupy 20,000 square feet of flex and office space at Burbank Media District-North, Colliers International announced on Monday.