San Fernando Valley Business Journal


Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...

SPECIAL REPORT: Valley Industrial Market Tightens While Office Lags

The industrial market continues to tighten in the San Fernando Valley, and that trend increasingly speaks to the region’s shift to warehouse-based distribution and supply chain-oriented businesses.

By Carol Lawrence February 8, 2016 midnight   $$ Share

Mission Hills Apartments Sell for $4.1 Million

A family trust has sold a Mission Hills apartment complex for nearly 58 percent more than what it paid for the building just three years ago.

Preview: Hotel Quandry in Calabasas

Suspense is hanging over Calabasas – will it be a hotel or a self-storage facility that gets built on a vacant parcel of land off of Las Virgenes Road?

Home Prices Rise in May

May was an extremely busy month for residential Realtors in the Santa Clarita Valley.

Tarzana’s Gelt to Build Apartments in Reseda

Tarzana investment and property management firm Gelt Inc. said it has bought land to develop more than 250 apartments in Reseda.

Westlake Village Shopping Center Sells for $123 Million

North Ranch Shopping Center in Westlake Village has sold for nearly $123 million, according to the Los Angeles office of brokerage Savills Studley.

Executive Shuffle at Public Storage, PS Business Parks

Glendale’s Public Storage and PS Business Parks Inc. have named new leaders of the two commercial real estate investment trusts.

Tarzana Firm Buys Santa Clarita Apartments for $45.5 Million

Tarzana real estate investment and management firm Gelt Inc. has closed on a $45.5 million purchase of a Santa Clarita apartment complex.

Pasadena Business Center Sells for $67 Million

After its conversion to a creative office floorplan, the Pasadena Business Center has sold for about $67 million, nearly 85 percent more than what investors paid three years ago, according to commercial real estate brokers who negotiated the deal.

Tutor Perini Raises $200 Million

Sylmar’s construction firm Tutor Perini Corp. said it has closed on its $200 million private offering of convertible senior notes set to mature in 2021 and will use the money to repay debt and for other purposes.

New Owner to Upgrade $19 Million Tarzana Apartments

Two Tarzana apartment buildings have sold in an off-market deal for nearly $19 million, according to their L.A.-based buyer Lion Real Estate Group.

Simi Automotive Dealership Property Sells in All-Cash Deal

Land leased by automobile dealership Simi Valley Buick GMC has sold for about $5 million in an all-cash deal to an Orange County investor, according to commercial real estate brokerage Investment Real Estate Associates in Encino.

Investor Buys Red Lobster Location in Valencia

Great location and national tenant stability motivated a buyer to purchase property occupied by Red Lobster in Valencia for $3.6 million, according to Encino brokerage NAI Capital Inc.

Upgrade Boosts Price for Simi Shopping Center

Calabasas commercial real estate brokerage Marcus & Millichap Inc. has negotiated the $10 million sale of Shops at Target Center in Simi Valley after it was revamped, according to the brokerage.

Wendy's Location Sells for Nearly $3 Million

A property occupied by a Wendy’s restaurant in Canoga Park has sold to a private investor.

Preview: Wall Art

Investors find creativity pays on remodel projects.