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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.February 8, 2016 midnight $$ Share
The recent purchase of a Burbank CarMax center was the third and final chapter in a series of recent acquisitions worth nearly $50 million by a group of L.A.-based investors.
In April, condominiums in the Santa Clarita Valley saw hot activity with sharp jumps in prices and sales, according to the Southland Regional Association of Realtors.
Two Thousand Oaks apartment complexes will undergo improvements thanks to a $130 million loan.
As evidence of Conejo Valley’s hot market for investors, L.A.-based insurer Farmers Group Inc. has sold its building in Westlake Village for $18.6 million, according to real estate activity tracking database CoStar Realty Information Inc.
Package deliverer UPS is increasing its local presence with the signing of the Valley’s largest lease so far this year, according to L.A.-based CBRE Group Inc.
Dialyses center operator Total Renal Care Inc. has leased more than 11,000 square feet in Simi Valley, according to commercial real estate brokerage Lee & Associates-LA North/Ventura in Sherman Oaks.
Agoura Hills-based American Homes 4 Rent, the country’s largest publicly-traded, single-family home landlord, announced the pricing of a $225 million public offering of preferred stock to be $25 a share.
Many apartment owners in the San Fernando Valley are now feeling the tremors from a law passed by the Los Angeles City Council requiring costly retrofits so buildings can better withstand earthquakes.
From the top of a building on the campus of Antelope Valley Hospital, Lancaster City Councilman Raj Malhi can look out over medical office buildings, apartments, a scattering of retail malls – and 107 acres of empty land.
A 24,000 square-foot-medical and office park in Palmdale has been sold for nearly $5 million, according to commercial brokerage firm Lee & Associates – LA North/Ventura Inc. in Sherman Oaks.
A four-building campus in Westlake Village, renovated into creative office space, recently sold for $18.25 million, according to the sellers, Van Nuys property firm Majestic Asset Management Inc. and JS/JS Properties Inc. in Canoga Park. The buyer was L.A. real estate investor named Kids from the Valley XIV.
The two PennyMac companies of Moorpark on Thursday reported down quarters.
Calabasas’ fast-growing commercial real estate brokerage business Marcus & Millichap Inc. ended its first quarter with a double-digit jump in profit and a new chief executive.
The stock of Tutor Perini Corp. soared more than 26 percent Thursday following its earnings report that crushed Wall Street’s expectations.
The Bouquet Center in Santa Clarita has been bought by San Diego real estate investment trust Retail Opportunity Investments Corp. for $59 million, the company confirmed.