Paley Commercial Real Estate - Brokers San Fernando Valley

New Woodland Hills In-N-Out Burger Voted Out!

https://www.paleycommercialrealestate.com/woodland-hills-in-n-out-burger-voted-out/

L.A. City Purchases Valley Hotels for Homeless

https://www.paleycommercialrealestate.com/l-a-city-purchases-valley-hotels-for-homeless/

ROY'S CLOSES WOODLAND HILLS LOCATION!

The Pandemic has resulted in yet another restaurant casualty in the West San Fernando Valley.

Roy’s Hawaiian Fusion located at 6363 Topanga Canyon Boulevard in Woodland Hills, across the street from Westfield Topanga and The Village, has permanently shut down. A fixture of the Woodland Hills restaurant scene with sister company Flemings Steakhouse directly next door, elected to permanently close its doors after years of lackluster sales which was compounded by the Covid 19 outbreak. There is no information at this time if another restaurant will take its place.

This is a sign of things to come as the new year commences which we anticipate will pose extremely challenging times for similar type businesses, as the spread of Covid sets records throughout the city of Los Angeles.

Paley Commercial Real Estate – Brokers San Fernando Valley keeps abreast of all the latest developments and regulations as soon as they arise. Contact Jon Paley or Camille Paley at (818) 225-1300 with any questions you have regarding current property values, lease rates, or our professional property management services. After more than 35 years doing business in the area, we have become The San Fernando Valley Commercial Property Experts.

CRONIES IN AGOURA HILLS DEFIES SHUTDOWN ORDERS AND LOSES ITS HEALTH PERMIT!!

After defying county and state orders requiring restaurants to shut down all outdoor dining, Cronies Sports Grill in Agoura Hills has lost their health permit. Owner Dave Foldes has appealed the decision and is continuing to operate as usual with daily fines of $500, claiming that if he doesn’t stay open, he will have to permanently close his business so in essence he has nothing to lose. However, now the Department of Alcohol Beverage Control is doing their own investigation which might cause the restaurant’s liquor license to be revoked. To complicate matters a Superior Court Judge ruled in support of the California Restaurant Association on December 8 which objects to the outdoor dining shutdown claiming that there is insufficient evidence which clearly demonstrates the risks. What’s more, the City is threatening to shut off the restaurant’s utilities. Stay tuned for updates!

The Covid 19 shutdown is wreaking havoc on all types of Mom and Pop businesses with no end in sight. Governor Gavin Newsom has extended the moratorium of commercial evictions from December 31, 2020 until March 31, 2021, with the possibility of another extension looming.

Paley Commercial Real Estate stays up to date of all the new Covid Rules and Regulations imposed upon businesses at the local and state level allowing us to better serve Commercial Landlords with how to deal with the ramifications brought on by the pandemic.

Please reach out to President Jon Paley who with his nearly 40 years of experience can help you navigate through these very trying times.

https://www.paleycommercialrealestate.com/agora-hills-restaurant-defies-shutdown-order/

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L.A. City Council Approves $1 Billion Warner Center Development

https://www.paleycommercialrealestate.com/l-a-city-council-approves-1-billion-warner-center-development/

The former Woodland Hills Promenade, which consists of an entire city block in the heart of the Warner Center, will be home to a 10,000 seat Sports & Entertainment Arena, 28-story Office Building, 1,400 High-End Apartments, and 2 Hotels.

The Unibail-Rodamaco-Westfield Project named “Promenade 2025” will be akin to a “city within a city,” and is slated to start Phase 1 Construction of Phase in approximately 2 years much to the chagrin of the Woodland Hills Homeowners Association which opposed the scope of the project.

This development will be a game-changer for the Warner Center.

President Jon Paley grew up across the street from the project when it was nothing but cornfields. Jon’s 50+ years of living and working in the area gives him an in-depth knowledge that other commercial real estate brokers simply cannot match. By making a commitment to specialize in San Fernando Valley, Jon has turned Paley Commercial Real Estate into one of the most dynamic firms doing business in the region for more than three decades and counting.

We remain open during these trying times to answer any questions you may have regarding the latest Covid rules and regulations. Please contact our Woodland Hills office us by phone or email with any rent collection questions or evictions dos and don’ts for your shopping center, office building, or industrial warehouse.

Paley Commercial Real Estate – Brokers San Fernando Valley the Area Experts!

Whole Foods Flagship Store on Ventura Boulevard in Sherman Oaks Now Open

Check it Out!

https://www.paleycommercialrealestate.com/whole-foods-flagship-store-on-ventura-boulevard-in-sherman-oaks-now-open/

Sun Valley Power Plant hid methane leak and activists try to shut it down.

https://www.paleycommercialrealestate.com/activists-try-to-close-sun-valley-power-plant/

FOR SALE: FREE-STANDING LEASED INVESTMENT

Two (2) story retail/office building 100% occupied by Contractors State License Schools for the past 10 years. Tenant is the #1 California Contractors Exam Prep School with thirty-two (32) locations scattered throughout Northern and Southern California. They recently exercised their five (5) year option which extends their tenancy until September 2025. Landlord is only solely responsible for the roof which was completely replaced in 2019. The property can be purchased as Investment that provides a healthy annual triple net return or an Owner-User who could occupy the building after the expiration of the lease...

https://www.paleycommercialrealestate.com/portfolio/6222-sepulveda-boulevard-van-nuys/

U.S. Bank Tower Sells at Covid-19 Price

The U.S. Bank Tower once the largest building west of the Mississippi was “SOLD” by Singapore real estate company QUE Ltd. to the Owner of One World Trade Center in New York City for $340,000,000. This represents a 34% discount from its pre-pandemic valuation of $650,000,000. The transaction comes at a difficult time due to the decreased demand for office space caused by the shutdown, as many company’s offices remain barely occupied due to the fact that employees are working from home. Leasing in Los Angeles County has dropped 65% to it lowest point since the 2008 Recession.

Paley Commercial Real Estate has specialized in the sales, leasing, and managing of San Fernando Valley commercial property since 1984, and assists both large and small businesses with various types of commercial real estate requirements. Paley Real Estate continues to assist countless Landlords and tenants, despite the challenges put forth by Covid. During the pandemic our offices have remained open to serve our clients and provide the most up-to-date knowledge in relation to operating under the new guidelines. We see every obstacle as an opportunity to grow and learn, and that is what makes Paley Commercial one of the most successful commercial brokerage firms in the valley.

Read More Here:
https://www.paleycommercialrealestate.com/u-s-bank-tower-sells-at-covid-19-price/

EVICTION MORATORIUM UPDATE

Paley Commercial Real Estate is your reliable source for information regarding Covid-19 and it’s impact on real estate in the San Fernando Valley and Los Angeles area.

Starting on March 4th Los Angeles County implemented a temporary eviction moratorium to protect tenants unable to pay rent due to the pandemic. In addition to banning evictions for non-payment of rent, the moratorium also stated that Landlords are not allowed to charge late fees and tenants will have a period of time after the moratorium is lifted to pay any back rent. The temporary moratorium was originally set to expire June 23, but has now been extended until July 31, 2020. The Board of Supervisors is permitted to extend the eviction moratorium on a month to month basis as they see fit.

With July 31st right around the corner, many tenants are worried about being able to make ends meet and coming up with enough money for rent. With unemployment rates in Los Angeles at a record high, many individuals were relying on receiving unemployment from the EDD, which includes an extra $600 per week for Covid relief. With the $600 stipend also set to expire at the end of the month, tenants are waiting to see what sort of relief the government will offer...

Read More Here:
https://www.paleycommercialrealestate.com/eviction-moratorium-update/

PROTESTS AND RIOTS COME TO THE SAN FERNANDO VALLEY

https://www.paleycommercialrealestate.com/protests-and-riots-come-to-the-san-fernando-valley/

WARNER CENTER TESTING SITE OPEN!

https://www.paleycommercialrealestate.com/war

California Legislature Seeks 25% Rent Reduction Mandate!

https://www.paleycommercialrealestate.com/breaking-news-california-to-seek-a-25-rent-reduction-mandate/

https://www.paleycommercialrealestate.com/covid-19s-chilling-effect-on-los-angeles-commercial-real-estate/

COVID-19’s Chilling Effect on the Los Angeles Commercial Real Estate Market

Ruth Chris Planning Warner Center Move!

https://www.paleycommercialrealestate.com/ruth-chris-planning-move/

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Shake Shack Coming to Warner Center | Paley Commercial Real Estate

https://www.paleycommercialrealestate.com/shake-shack-coming-to-warner-center/

Shake Shack Coming to Warner Center | Paley Commercial Real Estate Paley Commercial Real Estate is excited to announce that the highly popular burger and milkshake joint, Shake Shack, is coming to Warner Center! Construction is underway on the 14,000 square foot lot and is expected to be completed by March 2020.

Leasing Your Commercial Property | Paley Commercial Real Estate

https://www.paleycommercialrealestate.com/leasing-your-commercial-property/

paleycommercialrealestate.com Hiring a company such as Paley Commercial Real Estate to handle your vacancy, allows a Landlord to be removed from the long process that entails showing the space, verifying the creditworthiness of the Tenant, negotiating the terms of the lease, and correctly drafting up the lease agreement to make....

Tarzana Commercial Real Estate Sold | Paley Commercial Real Estate

https://www.paleycommercialrealestate.com/tarzana-commercial-building-sold/

paleycommercialrealestate.com Paley Commercial Sells Tarzana Commercial Building

335 Unit Apartment Building Coming to Warner Center | Paley Commercial Real Estate

https://www.paleycommercialrealestate.com/335-units-coming-soon-to-warner-center/

paleycommercialrealestate.com A 335 unit luxury apartment building off the 101 Freeway and Topanga Canyon is to be completed at the beginning of 2020.

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Northridge Off-Market Property SOLD!

https://local.google.com/place?id=10316145700631116910&use=posts&lpsid=5938370725207923410
https://www.paleycommercialrealestate.com/northridge-off-market-property-sold/

search.google.com Jon Paley brokered the sale of this retail property within close proximity to California State University Northridge. The freestanding building of 8,000 square feet on 30,000 square feet of land was sold "as is" for an all-cash price of $2,750,000. It was occupied by six (6) longtime tenants at belo...

Amazon Grocery Store in Warner Center | Paley Commercial Real Estate

https://www.paleycommercialrealestate.com/rumors-of-amazon-grocery-store-coming-to-warner-center/

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Chick-fil-A Comes to Canoga Park

https://www.paleycommercialrealestate.com/

https://local.google.com/place?id=10316145700631116910&use=posts&lpsid=4575975204415033220