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Gelt Flips 232 Units for $63 Million

Tarzana firm realizes 37 percent gain in five years.

Tarzana real estate investment and management firm Gelt Inc. has sold its 16-building multifamily property Monterra Ridge Apartments in Santa Clarita for $62.5 million, according to the company.

Retail Revival Via Senior Housing?

Calabasas developer has one answer for the future of shopping centers.

Paul Griffin III, a fifth-generation homebuilder and chief executive of assisted living facility developer Griffin Living, has a more inclusive approach to senior housing development.

Reworking Chatsworth

Developers are working to emphasize the industrial value of the Valley’s northwest corner.

Entering a new decade in the 21st century, Chatsworth has come a long way from its punchline reputation in the 1980s as the capital of the porn industry.

$1 Billion Office Makeover at Warner Center

Adler to put 12 buildings plus hotel and housing in Woodland Hills.

There’s a dozen new reasons to embrace Woodland Hills’ office sector, according to brokers and city staff familiar with the submarket.



Research Boom Behind HemaCare Acquisition

BIOTECH: Supplier of biologic material sold for $380 million.

Following its $380 million acquisition of Northridge’s HemaCare last month, Charles River Laboratories has decided to keep former chief executive Pete van der Wal as general manager of the Southern California operation.

Valencia Greets Galpin Porsche

AUTOMOTIVE: Club meetings, museum to attract car fans.

Galpin Motors is transforming a former Saturn dealership in Santa Clarita into a new store to sell Porsches.

PAGA Hurt Us – And Our Workers

PAGA Hurt Us – And Our Workers

As the cost of living continues to skyrocket in California, working schedules are busier than ever.


Tourists Could Visit Us. No, Really.

Here’s one oddity about the San Fernando Valley: There’s a bounty of cool stuff to do and see and experience. Yet a tourism industry is next to nonexistent.


Team DeGrinis Relocates

Team DeGrinis – consisting of Newmark Knight Frank industrial real estate brokers John DeGrinis, Patrick DuRoss and Jeff Abraham – will move into new offices at 24025 Park Sorrento in Calabasas on Jan. 21 after spending a year at temporary space in Warner Center.

Partnership Puts HR Firm in Construction Management Sector

Calabasas-based Arcoro, a human resources management company, on Thursday announced it has formed a partnership with construction management software company Procore.

Preview: Topanga Makeover

Westfield plans to turn former Sears store into entertainment center.

Location Filming Posts Decline in 2019

On-location filming dropped last year compared to the prior year, despite increases in television comedies and web-based content.

Velocity Financial Goes Public

Velocity Financial Inc. in Westlake Village went public on the New York Stock Exchange.

Business Events Calendar

Business Events throughout the Valleys.

Viking Cruises Launches Expeditions Division

Viking Cruises officially unveiled its “Expeditions” division and named two new ships at an event at the Beverly Hilton hotel in Beverly Hills.

GreenPark Sports Partners with 'Legends' Esports League

GreenPark Sports in Calabasas has signed a partnership with League of Legends Championship Series, a professional “League of Legends” organization.

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Gelt Pays Nearly $146 Million for Denver-Area Apartments

Tarzana investment and property management firm Gelt Inc. has significantly expanded its Denver region apartment portfolio by 472 units by paying nearly $146 million the Kallisto at Bear Creek complex.

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H2scan Gets $13 Million in Capital

H2scan, a Valencia-based maker of hydrogen sensors, has announced a $13.5 million capital raise from two financers.

City of Los Angeles Buys Valley Flex Property

The city of Los Angeles has acquired a flex complex in Sylmar for $28 million.