Paley Commercial Real Estate

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 w...hich 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.

L.A. City Council Approves $1 Billion Warner Center Development https://www.paleycommercialrealestate.com/l-a-city-council/ 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-flag/

Sun Valley Power Plant hid methane leak and activists try to shut it down. https://www.paleycommercialrealestate.com/activists-try-to/

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//6222-sepulveda/

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-s/

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 t...enants 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-morator/