- by Isabella FarrBalaciano Group, formerly known as California Home Builders, has scored $238 million in loans to refinance two of its multifamily developments in Warner Center. The firm, run by Shawn Evenhaim, scored a $136.5 million loan from Morgan Stanley on the 347-unit Q Topanga, and a $101.5 million construction loan from U.S. Bank and California Bank […]
- by Trevor BachIn a year filled with high-profile L.A. real estate deals, Stan Kroenke’s ranked among the biggest. Last March, the billionaire developer and owner of the NFL’s Los Angeles Rams bought the Promenade, a “zombie mall” in the Warner Center district of Woodland Hills, for $150 million. A couple months later, in June, Kroenke added an […]
- by Andrew AschHaven Warner Center, a 205-unit apartment building in Canoga Park, sold for $54 million and beat the deadline for L.A.’s ULA transfer tax. The property at 6530 Independence Avenue traded for about $263,000 per unit, according to an announcement from Institutional Property Advisors, a division of Marcus & Millichap. The Calabasas brokerage represented the buyer […]
- by TRD StaffLos Angeles Rams owner Stan Kroenke has blitzed another San Fernando Valley real estate buy with a $325 million purchase of The Village, an outdoor shopping mall in Woodland Hills. The billionaire businessman bought the 600,000-square-foot mall at 6220-6344 North Topanga Canyon Boulevard, the Commercial Observer reported. The seller was Unibail-Rodamco-Westfield, based in Paris. The […]
- by TRD StaffA local developer with a cluster of similarly branded housing projects has broken ground on a 359-unit apartment complex on the edge of Warner Center in Woodland Hills. California Home Builders, based in Canoga Park, is constructing the seven-story, mixed use complex at 6109 North De Soto Avenue, near Pierce College, Urbanize Los Angeles reported. […]
- by Isabella Farr, Christian BautistaPacific Urban Investors has bought an apartment complex near the master planned neighborhood of Warner Center in the San Fernando Valley. The Bay Area-based firm paid $134.5 million for the 324-unit Villas at Woodland Hills complex, or about $415,123 per unit, according to public property records filed with Los Angeles County. The firm did not […]
- by TRD StaffIn March, Los Angeles Rams owner Stan Kroenke paid $150 million for the Promenade, a zombie mall in Woodland Hills. Now he’s bought a 13-story office building next door for $175 million. The purchase of the 450,000-square-foot Anthem Blue Cross building at 21555 Oxnard St. puts the Rams owner and real estate mogul in a […]
- by Isabella Farr, Christian BautistaAn apartment complex in Woodland Hills was traded for the first time since it was built in the 1970s. Gary Leshgold of Los Angeles-based The Lighthouse Group bought a 266-unit complex at 6220 Owensmouth Avenue for $96 million, or about $360,900 per unit, according to public property records filed with Los Angeles County. Leshgold did […]
- by Isabella FarrChicago-based investment firm Walton Street Capital has bought a manufacturing facility in Woodland Hills, California, with plans to redevelop it into a Class A complex. An affiliate of the firm spent $60 million to buy the 183,000-square-foot property at 21200 Victory Boulevard, Los Angeles County records show. Walton Street Capital announced the deal last week, […]
- by Isabella FarrA multifamily-focused investment firm based in North Carolina purchased a 394-unit apartment complex in Canoga Park, its third lard multifamily acquisition in Los Angeles County. Bell Partners acquired Hanover Warner Center at 21050 Kittridge Street. The complex will be renamed Bell Warner Center. The deal was announced Monday. Terms were not disclosed but Bell’s two […]
- by Mark MadlerThursday, Nov. 21 Meet & Mingle Mixer Sponsor: North Valley Regional Chamber of Commerce 6 p.m. – 8 p.m. Northridge Art Studio 9349 Melvin Ave., Northridge $5 members; $10 guests (818) 349-5676 or ceo@nvrcc.org Wednesday, Dec. 4 Staying Connected Networking Breakfast Sponsor: West Valley-Warner Center Chamber of Commerce 7 a.m. – 9 a.m. Fogo de […]
- by Zane HillServiceTitan is adding another partnership to its portfolio of contracting collaborations. The Glendale-based tech company announced on Wednesday it would partner with roofing supplier SRS Distribution Inc., and introduce the partnership in two stages. Through the partnership, roofers will be able to use ServiceTitan to sift through roofing suppliers’ material catalogs that SRS provides in […]
- by Zane HillGlendale-based Evite has received a strategic growth investment from Francisco Partners, the online invitation company announced at the beginning of November. The financial terms of the deal were not disclosed. While many first movers in the tech world keep to their roots in the Bay Area, Evite cemented itself as a pioneer in the digital […]
- by Zane HillSpam and phishing have long been a headache for consumers – on one hand, smartphones have become a necessary feature of everyday life, but the barrage of texts and phone calls from unknown numbers make it difficult to use them for their primary function at times. The problem has been a growing concern for the […]
- by Zane HillSherman Oaks-based Oxford Road will combine operations with Irvine-based Veritone One following a merger-by-acquisition in October. Under this deal, the newly assembled set of leaders aim to expand operations with a unified brand, with a plan of becoming “the world’s largest podcast group and leading creator-based media entity.” Both companies, which were acquired by Insignia […]
- by Hannah Madans WelkWestlake Village-based Energy Vault Holdings Inc., which specializes in grid-scale energy storage projects, has signed an agreement with an Australian company for the deployment of a 1,000 megawatt-hour battery energy storage system in that country’s state of New South Wales. While the overall project value was not disclosed, a spokesman for Energy Vault said the […]
- by Hannah Madans WelkAfter a prolonged dry spell coming out of the pandemic, contracts are now coming in fast and furious for Sylmar-based civil construction company Tutor Perini Corp. In the space of eight days in late October, Tutor Perini announced that it and/or its subsidiaries had been awarded three contracts – two for more than $1 billion. […]
- by Hannah Madans WelkThe Los Angeles Department of Water and Power Board of Commissioners late last month gave the green light to provide up to $740 million for new water recycling facilities in the San Fernando Valley. The funds will go toward the Groundwater Replenishment Program jointly run by the Los Angeles Department of Water and Power and […]
- by Zane HillGov. Gavin Newsom announced last week a proposal to expand the state’s film and TV production tax credit program. If approved by the General Assembly, the tax credit program would increase from $330 million a year to $750 million a year. The massive increase to the program, which is administered by the California Film Commission, […]
- by Zane HillShares in Teledyne Technologies Inc. were helped by a strong third quarter earnings report. The Thousand Oaks aerospace, marine and digital imaging products manufacturer saw its stock price get a 6% boost from a close on Oct. 22 of $443.49 to a close of $470.09 the following day after reporting its quarterly financials before the […]
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