Warner Center Properties Are Divided by Partners

Woodland Hills real estate developer Robert D. Voit said he and several partners of a joint venture that built 40 buildings in Warner Center agreed to divide up their ownership of the properties.

The properties include six office towers and the Warner Center Marriott Hotel. The last of them opened three years ago.

Voit said the venture partners had been discussing how to restructure the development’s ownership since then. Previously, the joint venture owned the entire development.

Voit owns 18 buildings in Warner Center Business Park, including offices and retail stores, under the new agreement. Voit will also continue to manage all 40 buildings developed by the joint venture.