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City Council Approves Promenade 2035 in Woodland Hills

Los Angeles City Council voted Wednesday to approve the huge and long-deliberated Unibail-Rodamco-Westfield project Promenade 2035 at Warner Center.

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Tri-County Chamber Alliance Backs Central Coast Region for COVID-19 Regulation

The Tri-County Chamber Alliance has voiced its support for a movement to see Ventura, Santa Barbara and San Luis Obispo counties become their own region for COVID-19 regulation.

40 Apartments to Rise in Winnetka

With the unanimous approval of Los Angeles Planning Commission, another 40 residential units will be coming to the central San Fernando Valley.

Flood of Phone Calls Followed by Gains

In a two-day period, Steve Davis fielded150 phone calls from clients with questions.

Wealth manager Steve Davis can attest that 2020 was a year unlike any other.

Three Counties Explore Forming Separate COVID-19 Region

Ventura, Santa Barbara and San Luis Obispo counties intend to petition the state to form a separate Central Coast region for the purpose of coronavirus pandemic regulation.

Residential Rebound

REAL ESTATE: Homebuyers pounce on low mortgage rates to move into suburban markets.

A combination of low interest rates, people working remotely and children learning at home may have contributed to the biggest rise in home sales in the Valley region in September in over two years, according to real estate agents.

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CBRE to Relocate Headquarters to Dallas

The Business Journal has confirmed multiple media reports that commercial real estate brokerage CBRE plans to move its headquarters from Los Angeles to Dallas.

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Brokerages: Rebranding, Relocation

CBRE moves to Dallas as Newmark shortens name.

Two long-running eras have come to an end among a pair of major commercial real estate firms with large footprints in the Valley.

Needham Ranch Moves Needle to the North

Industrial development attracts entertainment, e-commerce to Santa Clarita Valley.

Joint developers Trammell Crow Co. and Clarion Partners LLC saw a series of deals during the year at Center at Needham Ranch, with two new high-profile occupants coming onboard last month.

FAANG Footprint in the Valleys

Amazon and Netflix expand their regional presence during the pandemic.

They are collectively called FAANG, an acronym referring to the stock marketโ€™s five most popular technology companies.

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Chamber Talks Homebuying in 2020

Low interest rates, equity make it a buyersโ€™ market.

Capitalizing on a third-quarter residential real estate boom, Van Nuys-based Filipino-American Chamber of Commerce held its annual real estate panel on Oct. 21.

Property Managers Wait for Other Shoe to Drop

LIST: Landlord reps worry December lockdown may undo rent collection gains.

Since the economy bottomed out last spring, rent collections at malls and other retail centers in North Los Angeles have seen monthly incremental hikes as landlords and tenants engage in a delicate dance of payment agreements.

Not Much Vacancy at Newhall Crossings

Residential component rents all apartments โ€“ but adjacent movie theater remains empty in pandemic.

It was supposed to be a summer 2020 celebration โ€” the simultaneous ribbon-cutting of the mixed-use residential and retail complex Newhall Crossings and a brand new, seven-screen Laemmle Theatres arthouse cinema was going to usher in a new commercial enterprise in the heart of Newhall that has been under construction since 2018.

Warner Bros. Modernizes Lot With Icebergs

Project will add 800,000 square feet of office space to Burbank market.

Warner Bros. Entertainment has experienced a lot change this year, from the launch of HBO Max in May to layoffs in the summer and fall to the delay on releasing films to theaters.

Game of Towers

DEVELOPMENT: Another office building is latest deal between financier Blackstone and developer Jeff Worthe.

Call it a โ€œtowering achievement.โ€

Gelt Sells Monterey RV Park for $28.5 Million

A joint venture between Tarzana-based real estate firm Gelt Inc. and Skya Ventures Inc. has sold Marina Dunes RV Resort near Monterey for $28.5 million.

Multi-Tenant Industrial Site in Van Nuys Sells for $3 Million

A 16,230-square-foot industrial site in Van Nuys has sold for $3 million, or nearly $188 per square foot.

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Promenade Pullback

DEVELOPMENT: Westfield will move forward gradually in Woodland Hills.

Shortly after Promenade 2035 โ€“ the $1.5 billion overhaul of mostly dormant Westfield Promenade shopping mall in Woodland Hills โ€” got final approval last month, the developer decided to wait to start construction.

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75 Acres in Oxnard Earmarked for Amazon

A 75-acre parcel of land at Sakioka Farms Business Park in Oxnard has sold to serve as the future site of a distribution site for e-commerce giant Amazon.com Inc.

Glendale Office Complex Sells for $6.9 Million

A 30,126-square-foot multi-tenant office complex has sold in Glendale for $6.85 million.

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