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Three People Injured in Canoga Park Industrial Explosion

Three people were injured after an explosion rocked a Canoga Park industrial area Wednesday that collapsed part of the building’s roof and tore through three units.

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Valley Home Sales Reach Record Low as Prices Fall

The number of homes sold last month in the San Fernando Valley reached a record low for February, even as inventory expanded and prices softened, according to a report from the Southland Regional Association of Realtors.

Newhall Retail Center Sells for $2.5 Million

A multi-tenant retail property in Newhall has sold in an all-cash transaction for $2.45 million, or $389 a square foot.

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Commercial Real Estate Awards Honors Valley's Best

San Fernando Valley Business Journal handed out its Commercial Real Estate Awards Thursday night during a dinner event held at the Hilton Woodlands Hills hotel.

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Rain Storms Delay Shopping Center Opening in Porter Ranch

A series of rain storms has delayed the official rollout of Porter Ranch shopping center The Vineyards, which was originally scheduled to begin opening stores this week.

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Investor Purchases Apartments Near CSUN for $7 Million

A private investor has acquired a 29-unit apartment building in Northridge for $6.95 million, or $239,655 per unit.

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Reseda Ambulance Center Site Sells for $2.2 Million

A Reseda site used as an ambulance dispatch center has been sold for $2.2 million, or $362 per square foot.

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Massive Solar Installation Opens in Sun Valley

A 2.6-megawatt rooftop solar array has been installed on top of a warehouse in Sun Valley.

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Kaiser Permanente Renews Lease in Valencia

Kaiser Permanente has renewed its lease for nearly 11,000 square feet of medical office space in Valencia.

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Thousand Oaks Shopping Center Sells for $14.4 Million

Los Angeles-based real estate investment company Agora Realty & Management has acquired the Thousand Oaks shopping center called Office Depot Plaza for $14.4 million from an undisclosed seller, according to a company announcement.

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CBRE Names Evans Managing Director of North L.A. Region

Chalvis Evans is managing director of CBRE Group Inc.’s North Los Angeles region, which includes offices in Glendale, Woodland Hills and Oxnard, the real estate brokerage announced Thursday.

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Four-Story Residential Complex Proposed in Sun Valley

Nonprofit developers Meta Housing Corp. and Western Community Housing have proposed an affordable housing development in Sun Valley.

New Senior Development Proposed in Sherman Oaks

Nonprofit developer Mercy Housing has filed an application with Los Angeles Planning Department to construct 55 units of senior affordable housing at the Sherman Oaks address where a different developer had intended to create a 60-unit facility two years ago.

Antelope Valley Housing Supply to Meet Demand, Speaker Says

There is likely no bubble in the Antelope Valley residential housing market, a real estate broker told a crowd of about 250 people Friday morning at the Antelope Valley Board of Trade outlook conference.

West Hills Gated Community Opens With Energy Efficient Houses

Watt Communities and Presidio Residential Capital have announced that sales are open at New Heights, a $25 million gated community in West Hills.

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