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

Bayless Manufacturing Sells Valencia Buildings for $12 Million

Two Valencia industrial buildings occupied by Bayless Manufacturing Inc. have sold for about $12 million, according to L.A. commercial real estate brokerage CBRE Group Inc.

Kennedy Wilson Pays $81 Million for CSU Channel Islands Apartments

University Glen, a multifamily housing complex next to California State University Channel Islands in Camarillo, has been bought for $81 million by Kennedy Wilson, the Beverly Hills real estate investment company announced.

Marcus & Millichap Announces Valley Sales Worth $6 Million

Calabasas commercial real estate brokerage Marcus & Millichap Inc. said it has recently arranged several apartment and retail space deals in the Valley this month.

Preview: Thousand Oaks Wants a Downtown with Nightlife

Suburban Thousand Oaks may never be confused for the Third Street Promenade in Santa Monica or even downtown Glendale. But the city is taking action to make a three-mile stretch of Thousand Oaks Boulevard more like those places.

Apartments Change Hands

Sales of three apartment complexes in the San Fernando Valley have been closed by Marcus & Millichap Inc. (MMI), the Calabasas real estate firm announced Wednesday, including a record-setting sale of a property in Panorama City.

Refinancings in Van Nuys, Valencia Based on Strong Industrial Market

With demand rising for industrial space, brokers were able to secure new financing for properties in Valencia and Van Nuys.

Glendale Apartments Sell for $1 Million

A four-unit apartment complex in Glendale has changed owners for more than $1 million after a flurry of interest from potential buyers, according to commercial real estate brokerage Stevenson Real Estate Services in Glendale.

Glendale Medical Office Building Sold

Investors have purchased a Glendale medical office building for $11 million, according to commercial real estate brokerage CBRE Group Inc. in Los Angeles.

Thousand Oaks Center Secures $10 Million Refi

A three-building retail and office park in Thousand Oaks has been refinanced, said Calabasas-based commercial real estate brokerage Marcus & Millichap Inc.

Strong Quarter for Marcus & Millichap

Calabasas commercial real estate brokerage Marcus & Millichap Inc. reported second-quarter results that exceeded Wall Street estimates on both earnings and revenue.

Home Sales? Through the Roof

More single-family homes sold in the San Fernando Valley in June than in any June in four years, according to the Southland Regional Association of Realtors Inc.

San Fernando Industrial Building Sold for $7.6 Million

L.A.-based industrial real estate investor Rexford Industrial Realty Inc. has added a nearly 60,000-square-foot industrial building to its Valley portfolio.

Former Van Nuys Hotel Site Sold

The site of the former Voyager Motor Inn in Van Nuys has been sold to an apartment developer, according to New York commercial real estate brokerage Berkadia.

Fund Pays $58 Million for Valencia Shopping Center

A shopping center in Valencia has changed hands for $58 million, a nearly 43 percent increase over what it sold for five years ago.

Wildfire Consumes 33,000 Acres in Santa Clarita

A wildfire that broke out along the northbound 14 Freeway near Sand Canyon has charred more than 33,000 acres of the Santa Clarita Valley since Friday, officials said at a press conference Monday morning. It remains only 10 percent contained.