Michael Aushenker
Staff Reporter
Phone: 818-316-3123
Recent Stories
Gelt Pays Nearly $146 Million for Denver-Area Apartments
Tarzana investment and property management firm Gelt Inc. has significantly expanded its Denver region apartment portfolio by 472 units by paying nearly $146 million the Kallisto at Bear Creek complex.
City of Los Angeles Buys Valley Flex Property
The city of Los Angeles has acquired a flex complex in Sylmar for $28 million.
Gehry, Governor Break Ground for Warner Bros. Burbank Offices
The Governor of California, the world’s most famous living architect and the new chief of Warner Bros. Studios gathered in Burbank on Tuesday for the groundbreaking of Warner Bros. office complex.
Pair of Flex Buildings in Burbank Sell for $16.5 Million
A pair of research-and-development flex buildings in Burbank have sold for $16.5 million.
Study: 2019 a Record Year for Hotel Development
The Atlas Hospitality Group 2019 Year-End California Hotel Development Survey found last year set a new record for the number of California hotel rooms opened.
Ten-Unit Apartment Building in Toluca Lake Sells for $3.6 Million
A 10-unit multifamily property in the Toluca Lake submarket has sold for $3.6 million, nearly half a million dollars above its listed price, according to Lee & Associates-LA North/Ventura.
Delivery Company Expands in San Fernando
A delivery service capitalizing on the growing e-commerce environment has signed on for a larger space at San Fernando Business Center, a 33-acre industrial business park in the city of San Fernando.
Westfield Topanga to Redevelop Former Sears Building as Entertainment District
Unibail-Rodamco-Westfield announced Tuesday that it will transform a former Sears building into a new dining and entertainment district at its Westfield Topanga & The Village shopping center in Woodland Hills.
Burbank Music Studio Sells for $3.4 Million
A private owner/user has purchased a music studio in Burbank for $3.35 million.
Technology Hub Comes Together in Moorpark
REAL ESTATE: Biotech and defense companies move into Ventura County.
If you’re looking for a biotech or defense-related research cluster, the Conejo Valley and Antelope Valley jump to mind. Both Thousand Oaks and subsets Westlake Village and Newbury Park are home to innovators in the biotech field, including Amgen Inc., MannKind Corp. and Atara Biotherapeutics. The Antelope Valley has Lockheed Martin Corp.’s Skunk Works and Northrop Grumman Corp.