Michael Aushenker

Staff Reporter

Email: maushenker@sfvbj.com
Phone: 818-316-3123

Recent Stories

Senior Veterans Housing Complex Underway in Sun Valley

East L.A. Community Corp., in collaboration with New Directions for Veterans, YM Architects and Westport Construction, has begun building the $34.5 million Sun Valley Senior Veterans Apartments.

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Simi Valley’s Mountaingate Plaza Sold for $51 Million

HFF Orange County has sold Mountaingate Plaza, a 281,240-square-foot Simi Valley shopping center, for $51.1 million, according to a source close to the company.

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Santa Clarita to Consider Sites for Amphitheater

Santa Clarita Valley is one step closer to having its own amphitheater.

Thousand Oaks Senior Housing Complex Sold in $382 Million Portfolio

MBK Senior Living has acquired nine senior housing communities totaling 1,174 units in a $382 million deal with West Partners.

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Moorpark Commission Approves Assisted Living Development

Oakmont Senior Living’s plans for a two-story assisted living and memory care center is heading to the Moorpark City Council for final approval in August.

Women Entrepreneurs: #10 Nancy Lazkani

Founder & Chief Executive, Icon Media Direct Inc. Sherman Oaks

The List: Women-Owned Businesses profiles

Women Entrepreneurs: #23 Lindsey Carnett

Founder & Chief Executive, Marketing Maven Public Relations Camarillo

The List: Women-Owned Businesses profiles

Fast Food Exec Turns To Biscuits

Franchisee targets Valley with Southern breakfast fare.

Franchisee to open biscuit stores in Valley.

Crowd Wowed by Warehouse in Sun Valley

DEVELOPMENT: Delivery tenant eager to move into scarce industrial space.

Tenant moves into Sun Valley industrial space.

Vet Housing in AV

CONSTRUCTION: Architects, nonprofit partner on 75-unit project to address homelessness.

Housing for veterans in Lancaster.

Three-Unit Multifamily in Van Nuys Sells for $1.1 Million

Real estate brokerage Marcus & Millichap has announced the sale of 17326 Cantlay St., a three-unit apartment property located in Van Nuys. According to James Brian Markel, regional manager of the firm’s Encino office, the asset sold for $1.1 million. Senior Vice President Investments

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VICA Adds Names to Hall of Fame

Business and civic leaders came together at the Universal Sheraton in Universal City on Thursday as the Valley Industrial & Commerce Association held its Hall of Fame Awards, where Woodland Hills-launched insurer Health Net, Kirsch Kohn & Bridge in Woodland Hills, Laurence School of Valley Glen, Encino’s Tapia Bros. Fresh Producer and Traders Loan & Jewelry of Reseda were honored.

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NoHo Shopping Center Fetches $6 Million

The North Hollywood shopping center at 6005 Vineland Ave. known as Palms Plaza has sold for $6 million in a deal cemented in May, according to CoStar Group.

Economist’s Mid-Year Assessment of Valley Region

It’s the midpoint of 2018, so the Business Journal decided to check in with California Economic Forecast Executive Director Mark Schniepp to see how 2018 is progressing.

Talent Agency Buys Burbank Buildings

Osbrink Talent Agency has spent $3.35 million on a two-building, 5,000-square-foot Burbank Media Center property.

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Valley Home Prices Hit Record While Sales Dip

In May, the median cost of a single-family home in San Fernando Valley hit a new all-time high of $708,000, according to Southland Regional Association of Realtors. That represents a month-over-month hike of 1.6 percent and an increase of 11 percent more than in May 2017.

Multifamily Proposed on Ventura Boulevard in Encino

Encino Investors LLC has submitted plans for a 106,846-square-foot, 114-unit apartment building to be built on Ventura Boulevard in Encino.

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e-Music Man

Working from his Encino home studio, Inon Zur creates music for some of the video game industry’s biggest blockbusters.

Video game music composer Inon Zur.

Santa Clarita Signal Has New Owners

Former publishers want to expand coverage, distribution.

Former publisher buys Santa Clarita Signal.

Santa Clarita Most Business-Friendly City

SURVEY: BizFed finds that municipalities fare better than L.A. County, state.

Santa Clarita named friendliest city for business.

Valley Parking: More or Less?

CONSTRUCTION: Driverless cars could stall building boom.

Parking garage builders prepare for future with driverless cars.

OnTrac Officially Launches Sun Valley Hub

A team of Colliers International brokers and tenant OnTrac celebrated the grand opening of a 255,528-square-foot warehouse in Sun Valley.

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Valley Contractor to Build Electric Car Manufacturing Plant

Electric vehicle manufacturer Faraday Future has selected San Fernando-based construction company Bernards as the general contractor to create its new, 1 million-square-foot factory in Hanford.

Twin Towers May Bring 610 Residential Units to Warner Center

Real estate developer Sandstone Properties Inc. has submitted plans to construct two residential towers at 6400 N. Canoga Ave.

Developer to Expand Sheraton Universal Hotel

A developer has filed with plans with the city of Los Angeles to expand the existing Sheraton Universal Hotel near Universal Studios Hollywood.

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Palmdale Retail Site Sells for $10.2 Million

Valuerock Investments Partners LLC has purchased a 54,942-square-foot retail property in Palmdale from HFC/PRP Palmdale LLC for nearly $10.2 million.

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Business Journal Honors CFOs, HR Professionals

The Valley region’s financial professionals gathered at the Hilton Woodland Hills on Wednesday for the Business Journal’s annual Chief Financial Officer and Human Resources Awards ceremony.

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Cornerstone Development in Agoura Hills Rebuffed by Court

Los Angeles Superior Court has ruled against the city of Agoura Hills, suspending the progress of developer Doron Gelfand’s Cornerstone, a proposed 8.2-acre retail, office and residential project at Cornell and Agoura roads that promises to become Agoura Village’s first major development.

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Consultant Doubles as Matchmaker

Hellen Chen’s two businesses focus on better relationships.

Hellen Chen is a matchmaker for business.

The Valley’s Frozen Assets

Ice cream made with liquid nitrogen takes a bite out of market.

Nitrogen ice creameries open in Valley.

S3 Builders Can’t Leave Woodbury Campus

CONSTRUCTION: Common alma mater underpins culture and contracts.

S3 Builders share alma mater.

Rethinking the Mall

Northridge Fashion Center plans to turn third floor into creative offices

Northridge mall reimagines its future.

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Sherman Oaks OKs Sunkist Building Revamp

Development: Apartments and Trader Joe’s in future for Riverside Drive site.

Sunkist HQ redevelopment moves forward

Santa Clarita Valley Signal Sold to Former Publisher

The Santa Clarita Valley Signal reported Friday that the newspaper has been sold to former Signal publishers Richard and Chris Budman.

Preview: Rethinking the Mall

Northridge Fashion Center plans to turn third floor into creative offices.

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Two Reseda Apartment Buildings Sell for $9.3 Million

Marcus & Millichap has announced the sale of a 39-unit Reseda apartment portfolio featuring a pair of Reseda buildings that sold for a combined $9.3 million, or $313 per square foot, according to James Brian Markel, regional manager of the firm’s Encino office.

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Northridge Mall to Convert Retail Floor to Creative Offices

Northridge Fashion Center will convert 45,000 square feet of former retail space to creative offices and has hired Charles Dunn Co.’s Los Angeles Tri-Cities office to market the property.

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Canoga Park Multifamily Fetches $5.5 Million

A 25-unit multifamily building has sold for $5.5 million in Canoga Park, fetching more than $301 per square foot, according to Matthews Real Estate Investment Services, which arranged the sale.

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Film-Famous Ambush Rock Up for Sale

Chatsworth home features ‘Lone Ranger’ location in backyard.

That recognizable rock, located north of the 118 freeway, has since been incorporated into the landscaping at 11646 Poema Place in Chatsworth and is now for sale at a listing price of $1.95 million.

Monumental Armenian Museum in Glendale

Architects take project close to their hearts.

Glendale architecture firm to design Armenian American Museum.

Valley Brightens as State Growth Premium Fades

Business Journal’s Economic Forecast points to rising local fortunes.

Business Journal partners with Cal Lutheran on economic forecast.

MWest Holdings Buys Canoga Park Townhouses for $12 Million

Los Angeles-based MWest Holdings has acquired Sunset Gardens, a 42-unit townhome community in Canoga Park, for $12 million, according to the company.

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Sheri Grossberg

At SRG, Sheri Grossberg is one-third of the firm’s principals, alongside Philip Marshall and Scott Goldfarb.

Julie Choi

At Rose Snyder & Jacobs, Julie Choi, who enjoys working alongside fellow female partners Shana Merrill and Rebecca Snyder, has worked in accounting for more than two decades.

Warner Center Site to Host Five-Story Apartment Building

A five-story, 310,490-square-foot multifamily structure —featuring 275 residential units and 418 parking spaces — is planned for an industrial site at 21001 W. Kittridge St. in Woodland Hills, according to Urbanize.LA.

Calabasas Office Building Sells for $11 Million

A building at Corporate Center Calabasas has sold for $11 million, brokerage CBRE Group Inc. announced Tuesday.

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Armenian Nonprofit to Rehab Defunct Fire Station

Glendale-based Armenian Cultural Foundation plans to convert a defunct, single-story Encino fire station into a cultural center.

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Valley Economic Forecast: Sunny With Higher Growth

Forecasters have upgraded their predictions for the San Fernando Valley during 2018, Matthew Fienup, executive director of the Center for Economic Research and Forecasting at California Lutheran University, announced Wednesday at a breakfast organized by the Business Journal.

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Tarzana Multifamily Trades for $11.3 Million

A 52-unit apartment complex at 6251-6267 Reseda Blvd. in Tarzana has traded hands for nearly $11.3 million, or $216,346 per unit.

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Reseda Retail Property Sells for $3.8 Million

In Reseda, a 10,873-square foot retail property has sold for $3.8 million, according to James Brian Markel, regional manager of the Encino office of brokerage Marcus & Millichap Inc.

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