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

Tarzana Professional Center Sells for $32 Million

The Tarzana Professional Center has changed hands for $32 million, according to Calabasas commercial brokerage firm Marcus & Millichap Inc.

Sports Doctor Buys Thousand Oaks Building

A medical doctor has bought a Thousand Oaks office building to move his sports medicine practice closer to outpatient clinics, according to commercial real estate brokerage Westcord Commercial Real Estate in Westlake Village.

UCLA Honors American Homes Exec

UCLA’s information technology group, IS Associates, has honored a high-level executive with American Homes 4 Rent, the Agoura Hills real estate investment trust.

Massive Mixed Use Project to Replace Promenade Mall

Plans have been filed with the Los Angeles Department of City Planning to turn the indoor Westfield Promenade shopping mall into a mixed use development.

Tutor Perini Wins Virginia Highway Contract

Sylmar construction firm Tutor Perini Corp. has received a $107 million contract from the Virginia Department of Transportation for a highway improvement project in Norfolk, the company announced on Monday.

Logix Headquarters Breaks Ground

Logix Federal Credit Union will break ground Oct. 26 on its new headquarters in the Valencia Commerce Center in the Santa Clarita Valley.

Broker Promoted at Glendale CBRE Office

Glendale commercial real estate broker Troy Pollet with L.A.-based CBRE Group Inc. has been promoted to senior vice president, according to the brokerage.

Lure Fish House Property Changes Hands

Lure Fish House’s Westlake Village real estate has sold for $6 million, according to commercial real estate brokerage and development firm Westcord Commercial Real Estate Services.

Tutor Perini Falls After Investor Presentation

Tutor Perini Corp.'s stock price sunk more than 6.5 percent Thursday as the Sylmar-based construction company became the newest target of activist investor Carson Block.

Thousand Oaks Apartment Complex Sold for $67 Million

Sherman Oaks real estate company IMT Capital has sold its apartment complex in Thousand Oaks.

Gelt Buys Denver-Area Apartment Complex

Tarzana investment and property management firm Gelt Inc. has bought a Colorado apartment complex for $66 million, citing Denver’s growing population and employment.

Beverly Hills Investor Buys Ventura Office Park

A nearly 200,000-square-foot office park in Ventura has sold to Omninet Capital, a real estate investment and venture capital firm in Beverly Hills.

Preview: Will Politics Poison Valley Projects?

If you are one of the many Valley residents who think the cost to rent apartments or buy homes here is too high now, get ready to pay more – way more.

Tutor Perini to Build Montecito Resort

Tutor Perini Corp. in Sylmar said it has won a contract to build the Rosewood Miramar Beach Montecito in Santa Barbara County.

Calabasas Firm Brokers Sale of DTLA Properties

Marcus & Millichap has arranged the sale of an assemblage of buildings and land parcels in the downtown Los Angeles industrial district for $38.4 million.