Two multifamily properties in Burbank have sold for a combined $6.8 million.
A 9,683-square-foot development site in Toluca Lake has sold for $2 million, or $207 per square foot.
La Quinta Inn & Suites Santa Clarita – Valencia has sold to a local private investor for $22 million, according to Atlas Hospitality Group, which arranged the deal.
L’Oréal USA will house the regional logistics operation of its SalonCentrics subsidiary at the Tejon Ranch Commerce Center in Kern County.
Westcore Properties has acquired a 114,556-square-foot industrial building in Moorpark for $13.8 million from Ventura firm Marcus Adams Capital.
West Los Angeles real estate company Symphony Development and the Los Angeles office of design firm Steinberg Hart have revealed renderings for an apartment building project to address the housing needs for students attending California State University – Northridge.
The Regents of University of California – Los Angeles have signed a lease to assume approximately 27,215 square feet of medical office space for UCLA Health.
Sun Valley-based Ratner Property Management has purchased a $6.56 million industrial property in Sylmar with an eye to renovate it and upgrade its functionality and market value, according to the brokerage CBRE Group Inc.
DEVELOPMENT: Firm creates open space as preface to 84-home Sylmar project.
Homebuilder opens park in Sylmar.
LIST: Hospitals in hiring mode to fill out new buildings and networks.
Ranked by the number of Valley-area employees, companies on the Business Journal’s list of private-sector employers starting on page 13 cover an eclectic range of industries, from supermarkets to aerospace to entertainment.
SERVICE: Reformers hope a new mandatory state registry will curb labor violations by janitorial contractors.
Janitorial contractors must register.
RESIDENTIAL: Donors give $50,000 for foster care transition program.
Camarillo-based Ventura County Housing Trust Fund recently held its annual fundraiser in — where else? — Camarillo.
Construction has begun on Mian Plaza and Conference Center, a long-gestating project across the street from the Camarillo Premium Outlets.
Northridge Promenade, an 89,473-square-foot shopping center in Northridge, has sold for more than $16 million, according to a real estate firm Cushman & Wakefield.
Following a year-long legal battle and a Los Angeles City Council-approved settlement last week, the owner of San Regis Apartments at 15454 Sherman Way in Van Nuys has agreed to charge affordable rates to low-income tenants in 78 units.
Amazon.com Inc. appears on the cusp of occupying square-footage at a warehouse in Newbury Park, according to a Thousand Oaks Acorn report.
Colliers International has acquired the Glendale office of CBC Advisors, a Coldwell Banker Commercial affiliate, in an effort to deepen its Tri-Cities footprint.
Sales of homes and condominiums in the San Fernando and Santa Clarita valleys continued at a solid — if not record-breaking — clip in July, while the median price for condominiums in the Valley hit a record high, according to a Southland Regional Association of Realtors report.
Nuance Communications has renewed its lease for 34,256 square feet at 29903 Agoura Road in Agoura Hills.
Burbank-based real estate investment firm SBH Real Estate Group Inc. has acquired the retail property at 810-822 S. San Fernando Blvd. in Burbank for $5.25 million in an all-cash transaction, according to the firm.
Recession nudged founder into the restaurant business.
Owner of Spencer Makenzie’s Fish Co. lands in Camarillo.
RESIDENTIAL: Digital takes center stage for marketing at Warner Center event.
Century 21 Peak rebrands itself.
Construction has begun on the Mian Plaza and Conference Center of Camarillo across from the Camarillo Premium Outlets.
Los Angeles City Controller Ron Galperin has concluded that the city needs to improve on evaluating and negotiating such deals in which the city awards tax breaks and incentives.
NAI Capital completed the sale of a 10,040 square-foot mixed-use development site in North Hollywood for $3.7 million (or $349 per square foot), according to the firm.
In a low-vacancy warehouse market fueled by e-commerce, a renovated 146,000-square-foot industrial property in Chatsworth has sold for $28.5 million.
Luxury residential builder FMB Development announced Monday that it will break ground on a new multifamily property at 11436 W. Hatteras St. in the heart of North Hollywood.
Calabasas-based real estate brokerage Marcus & Millichap Inc. has hired David Shillington as the new president of its finance subsidiary, Marcus & Millichap Capital Corp.
An affiliate of Illinois real estate investment firm Pine Tree LLC has acquired an indirect interest in Tarzana’s Village Walk and has taken over management of the property.
Attorneys, business bankers, accountants, insurance professionals and wealth managers filled the Garland Hotel’s banquet room Thursday as San Fernando Valley Business Journal held its 8th Annual Trusted Advisors Awards ceremony and lunch.
Discovery Inc.’s HGTV network has outbid ‘N Sync singer Lance Bass for the Studio City house that served as the exterior for the home in the popular 1970s sitcom “The Brady Bunch.”
A pair of unrelated housing projects in Moorpark garnered City Council approval last fall with the promise of bringing 379 units of much-needed housing online in Ventura County. However, neither project has advanced much, according to a Moorpark Acorn report.
A few substantial changes in vacancy rates in the office and industrial sectors while inventory remained low on the industrial side characterized the commercial real estate market during the second quarter, according to statistics provided by Colliers International and conversations with well-placed brokers in the region.
From Burbank to Westlake Village, the coworking format appeals to small companies and solo professionals who want flex space at work.
For professionals who want to pay only for the square footage they need – whether it be a private suite or simply a desk, coworking has exploded in popularity.
Los Angeles County Department of Water and Power identified Tutor Perini Corp., the Sylmar construction company, as the low bidder for a $121 million contract to build a tunnel in Burbank.
Public Storage shares slumped Thursday despite better-than-expected results for the second quarter.
Mechanix Wear Inc. will soon expand into one of the largest commercial developments in the Santa Clarita Valley, according to a CoStar Group report.
Anthem Blue Cross is relocating to more than 169,000 square feet in the Campus at Warner Center complex.
Commercial real estate developer Trammell Crow Co. and real estate investment manager Clarion Partners have announced that vertical construction has commenced on phase one of The Center at Needham Ranch.
Dave & Buster’s will open to the public on Monday in the Northridge Fashion Center.
Former Los Angeles Laker superstar Derek Fisher, Maria’s Italian Kitchen founder Madelyn Alfano and the autism-animation nonprofit Exceptional Minds are among the honorees at the 21st annual 2018 Stars of the Valley Awards in September.
Rexford Industrial Realty has purchased a 122,868-square-foot industrial building in the north San Fernando Valley submarket of Pacoima for $22.5 million.
Personal care product company Jocott Brands has signed with PGIM Real Estate to absorb 64,100 square feet at the Lewis Business Center at 8000 Woodley Ave. in Van Nuys.
A pending development in Los Angeles’ Fairfax District has prompted Andre’s Italian Restaurant, a renowned casual dining spot at Town & Country Shopping Center at Fairfax Avenue and Third Street, to open a second restaurant in the Valley.
DEVELOPMENT: High Street Depot to create plaza plus commercial tenant space.
Developer looks to transform Moorpark.
RESIDENTIAL: 211 new houses add to limited Ventura County inventory.
Home developer Landsea Homes has found instant success in Simi Valley.
Northrup Grumman selling off part of Woodland Hills property.