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

Medical Office Building in Burbank Sells

A large single-tenant medical building in Burbank has sold for $14.3 million.

Two Valley Apartments Sell for Nearly $6 Million

Two apartment buildings in the San Fernando Valley sold in separate transactions for combined total of nearly $6 million.

Century 21 Peak Continues Expansion With Inland Empire Acquisition

Century 21 Peak, a residential real estate brokerage in Woodland Hills, has acquired an Inland Empire brokerage as part of its expansion in Southern California.

Sellers of Northridge Apartments Make Big Gain

The Candlewood North apartment complex in Northridge has changed hands, according to Marcus & Millichap Inc. of Calabasas.

Tarzana Apartment Complex Sells for $12 Million

Tarzana’s Clark Manor apartments have traded for more than $12 million, according to Calabasas commercial real estate brokerage Marcus & Millichap Inc.

Trade School Buys Van Nuys Building

The Southwest College of Medical-Dental Assistants has purchased an office building in Van Nuys for $3.3 million.

Valley Home Prices Remain Strong

The median price for San Fernando Valley single-family homes reached $625,000 for the second time this year in October, according to the Southland Regional Association of Realtors Inc.

NoHo Apartment Sale Tops $100 Million

The Lofts at NoHo Commons has sold for nearly $103 million, according to the buyers, a joint venture between KBS Strategic Opportunity REIT II in Newport Beach and L.A. property operator MWest Holdings.

McDonald’s Property in Canoga Park Sells for $4 Million

The property beneath a McDonald’s restaurant under construction in Canoga Park has changed hands for more than $4 million, according to Calabasas real estate brokerage firm Marcus & Millichap Inc.

First Lease Announced at Sun Valley Logistics Center

The signing of a record 255,500-plus-square-foot lease has been announced for a vast warehouse and distribution center under construction in Sun Valley.

Wesco Meets Earnings Expectations

Wesco Aircraft Holdings Inc. matched Wall Street expectation on earnings but fell considerably short on revenue in the fourth quarter.

Oxnard Apartment Complex Sells for Nearly $31 Million

Owners of Oxnard’s Serenade at RiverPark apartment complex have just bought a neighboring apartment community.

Tutor Perini, Other Builders Enjoy Post-Election Gains

The share price of Sylmar construction firm Tutor Perini Corp. has soared 32 percent since New York City real estate developer and President-Elect Donald Trump accepted the results of Tuesday’s presidential election with a speech that pledged rebuilding the nation’s infrastructure.

IMT Sells Sherman Oaks Apartment Complex

Patio Del Cielo apartment complex in Sherman Oaks has traded hands for $18.5 million, according to Calabasas commercial real estate firm Marcus & Millichap Inc.

Sun Valley Warehouse Fetches $3 Million

A nearly 19,000-square-foot warehouse in Sun Valley has sold for more than $3 million, according to commercial real estate brokerage NAI Capital Inc. in Encino.