San Fernando Valley Business Journal


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

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Mall developer grows in Glendale with temple projectCaruso Affiliated grows its presence around Glendale’s Americana at Brand.

By Champaign Williams October 19, 2015 midnight   $$ Share

Agoura Hills Business Park Sells for $21 Million

An Agoura Hills business park has changed hands for $21 million and the new owners plan significant upgrades to attract tenants.

Studio City Office Sells for $7 Million

Real estate investment and management firm Siegel Group Nevada has sold its Studio City location for $7 million to the Nasa Group of Los Angeles, citing high demand for the property.

Movie Junkyard Sells for $21.5 Million

Hollywood’s favorite junkyard for movies such as “Deep Impact” and “Escape from L.A.” has been sold, according to commercial real estate broker CBRE Group Inc.

Thousand Oaks Apartments Sell for $127 Million

In the latest example of the hot apartment investment market, two Thousand Oaks apartment buildings totaling nearly 400 units have sold for nearly $127 million.

Unique Garage Door Relocates to Chatsworth

Unique Garage Door Inc. has signed a lease for a new, larger space in Chatsworth than its current Canoga Park location, according to Van Nuys real estate broker Delphi Business Partners Inc.

Long Island Rail Road Awards Tutor Perini $742 Million Contract

Sylmar construction contractor Tutor Perini Corp. has won two contracts worth a combined value of up to $742 million to expand subway access to New York City from the outer boroughs.

Tutor Perini Wins Contracts Worth $490 Million

Sylmar construction contractor Tutor Perini Corp. announced its Redwood City building subsidiary, Rudolph and Sletten Inc., has won a combined $490 million in upcoming projects.

Pasadena Office Sells for $40 Million

Brokerage firm CBRE Group Inc. said it has negotiated the sale of the Gateway Metro Center, an 11-story office building in Pasadena, as well as a mixed use site, for more than $40 million.

Simi Town Center Gets Capital Infusion

Simi Valley Town Center has received a new capital injection from a Boston-based real estate investment and advisory firm to continue its revitalization.

Tutor Perini Stock Sinks on Missed Guidance

Tutor Perini Corp.’s stock tanked Friday after the company announced it expects to significantly miss its revenue and earnings guidance for last year.

Move Renews Westlake Village Lease

Move Inc., operator of and a subsidiary of News Corp., has renewed its lease in Westlake Village, according to Boston tenant representative firm Cresa.

NoHo Apartment Building Sells for Nearly $5 Million

Irvine developer and real estate investor Bernal Capital Group has bought a North Hollywood apartment building for $4.9 million, according to the company.

Santa Clarita Apartment Sold

IMT Valencia, a 208-unit apartment complex in Santa Clarita, has sold for an undisclosed price.

Northridge Apartments Sold for $31 Million

The Village at Granada Hills, a 152-unit apartment complex, has sold for nearly $31.2 million to a Beverly Hills investment firm.

Warner Plaza Sells for $76.3 Million

Warner Plaza, a shopping center with about 115,000 square feet of retail space, has sold in a non-cash deal worth $76.3 million.