San Fernando Valley Business Journal


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

MannKind Gains $16.7 Million From Building Sale

MannKind Corp. on Tuesday announced it has received the remaining $16.7 million after closing the sale of some of its former real estate at 28901-28903 N. Avenue Pain in Valencia.

Crednology Company Signs E-Waste Contract

A subsidiary of Crednology Holding Corp. entered into an agreement with a Conejo Valley school district to provide e-waste collection services.

Cast & Crew Expand Burbank Footprint

Cast & Crew Entertainment Services has leased an additional 20,000 square feet at its Burbank headquarters, according to commercial real estate firm Savills Studley.

Oxnard Apartment Complex Sold for $22 Million

An Oxnard apartment complex on Channel Island Harbor has sold for more than $22 million, according to CoStar Group Inc.

Preview: Hospitals Move to Main Street

Moving clinics off hospital campuses into non-medical locations that are also prominent and convenient is a new strategy for many major health systems.

Developer Buys Canoga Park Land for Mixed-Use Project

A 48,000-square-foot plot of land in Canoga Park has sold for about $4 million, or $83.30 a square foot, according to Calabasas commercial real estate brokerage Marcus & Millichap Inc.

Housing Prices Climb, Inventories Drop Across Valleys

Single-family home and condominium prices in the San Fernando and Santa Clarita valleys continued to climb in January compared to a year ago, while for-sale inventories continued to drop, according to the Southland Regional Association of Realtors Inc.

Cahuenga West Building Sold for $36 Million

The nearly fully occupied Cahuenga West office building in Universal City has sold for about $36 million, or about $350 per square foot, according to sources close to the transaction.

Thousand Oaks Approves Mixed-Use Boulevard Project

A remnant of Thousand Oaks’ past will soon go the way much of its ranching history has – development.

Warner Center Portfolio Sells for $236 Million

Oaktree Capital Management LP in Los Angeles has bought five buildings within the Warner Center for about $236 million, according to commercial real estate database CoStar Group Inc.

Century 21 Peak Buys Upland Brokerage

Century 21 Peak, a residential real estate brokerage in Woodland Hills, has bought another real estate brokerage in the Inland Empire, the company announced.

Three Warehouses Sell in Valley for More Than $12 Million

Suppliers to the reinvigorated entertainment industry have paid $4.6 million, or $230 a square foot, for a warehouse in Burbank, according to commercial real estate firm Lee & Associates-LA North/Ventura.

Armen Living Expands to New HQ

Armen Living, a designer and manufacturer of modern furniture, has leased more than 58,000 square feet in Valencia as a new home for its headquarters, according to NAI Capital Inc. in Encino.

PennyMac Climbs 11 Percent on Higher Earnings

Stocks rallied more than 11 percent Friday on the fourth-quarter earnings PennyMac Financial Services Inc. reported late Thursday.

Burbank's Media Center North Sells for $23 Million

The 95,000-square-foot Media Center North in Burbank has sold to L.A. developer and investor Goldstein Planting Investments Cos., according to Coldwell Banker Commercial Advisors.