Michael Aushenker

Staff Reporter

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

Recent Stories

Northridge Lumber Warehouse Sells for $4.5 Million

A Northridge industrial building has sold for $4.5 million.

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Realty Firm Acquires Chatsworth Apartments for $15.2 Million

Land Mark Realty & Property Management has acquired the Chatsworth Place apartments, totaling 64 units and split between 9919 DeSoto Ave. and 9947 De Soto Ave. in Chatsworth.

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Developer Seeks to Build 432 Apartments in NoHo

A developer wants to build 432 apartments as part of a proposed residential and retail complex in North Hollywood.

Universal City Hotelier Buys Colorado Marriotts

Sun Hill Properties Inc., the owner and operator of the Hilton Los Angeles/Universal City, announced this week that it has acquired two Colorado hotels.

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Economic Breakfast Sees 'Uncharted Territory' Ahead

Rotary Club of Thousand Oaks and California Lutheran University presented the 2019 Economic Outlook Forecast Breakfast on Friday at Cal Lutheran’s Sports Center in Thousand Oaks.

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Forecast: National Economy, Local Real Estate Stay Strong

The economy may be showing signs of a slowdown, but the underlying fundamentals are strong. That was the takeaway from City National Bank’s Economic & Investment Forum, held Thursday at Four Seasons Westlake Village.

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Retail Broker Kyle Fishburn Joins Kennedy Wilson

Commercial real estate agent Kyle Fishburn has joined Beverly Hills-based real estate company Kennedy Wilson Property Services.

Burlington to Launch NoHo Store in April

Burlington is preparing to launch a store at the Valley Plaza Shopping Center in North Hollywood this April.

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Conejo Chamber to Honor Mustang Marketing, Express Pro

The Greater Conejo Valley Chamber of Commerce has announced the recipients of its annual Recognition Awards.

Former Farmers Insurance Building in Simi Valley Ready for Mixed-use Makeover

An Orange County developer will purchase the former headquarters of Farmers Insurance in Simi Valley with an eye toward razing the office building and redeveloping the site into a mixed-use development with housing and retail.

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Tarzana Corner to Host Creative Office Campus

Cushman & Wakefield and Colliers International announced that 18362-18424 Oxnard St. in Tarzana is slated for redevelopment into a creative office campus with studio capabilities.

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East Valley Still Outperforms in Office Market

SPECIAL REPORT: REAL ESTATE QUARTERLY

According to brokers working the office and industrial real estate markets, 2018’s fourth quarter conveyed a bright picture, although office vacancy in the San Fernando Valley climbed to 12.7 percent from 11.3 percent the previous quarter

Resort-like lifestyle

SPECIAL REPORT: SENIOR LIVING

Senior living – one of the most industrious and profitable sectors nationwide in commercial real estate – is getting healthier in the San Fernando Valley region, where year-round good weather can support plenty of amenities.

NoHo Industrial Property Sells for $5 Million

A single-story, eight-unit industrial property at 7525 Ethel Ave. in North Hollywood has sold for $5.1 million.

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Josker Joins Colliers to Head Southwest Region

Real estate broker David Josker has left CBRE Group Inc. to join Colliers International Group Inc. as president of its Southwest Region.

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Gannett Lays Off Journalists at Ventura County Star

In a companywide move, Gannett has laid off dozens of employees nationwide, including four journalists at the media company’s local newspaper, Ventura County Star.

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Northstar Celebrates Opening of West Hills Senior Facility

Northstar Senior Living celebrated the grand opening of Fallbrook Glen of West Hills, an assisted living and memory care facility near the intersection of Fallbrook Avenue and Vanowen Street.

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Santa Clarita to Offer Commercial Construction Permit Guide Online

The city of Santa Clarita will soon offer a guide to assist small business owners obtain a permit for commercial construction.

Developer Proposes Apartments to Replace Studio City Homes

A private developer has proposed to replace a group of hillside single-family homes in Studio City with a boutique apartment complex.

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Glendale Office Building Sells for $5.9 Million

A 14,492-square-foot office building in Glendale has sold in an off-market transaction for $5.9 million ($409 per square foot.

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Soundstage Company Signs $7.7 Million Lease in Valencia

Entertainment industry provider Triscenic Production Services Inc. has leased an industrial building in Valencia for $7.7 million, according to an announcement by real estate brokerage firm CBRE.

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Thousand Oaks to Incorporate Former Taco Bell Site in Civic Arts Plaza

Earlier this month, the city of Thousand Oaks City Council decided to incorporate a block that includes the city’s first Taco Bell outlet into the upcoming redevelopment of Thousand Oaks Civic Arts Plaza.

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Ventura County Collaborative Discusses Business Resiliency at Annual Meeting

The Economic Development Collaborative Ventura County convened last week for its annual meeting to discuss “Business Resiliency: Thriving in Seasons of Disruption.”

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Developer Secures $190 Million for 480-Unit Apartment Project in Santa Clarita

Multifamily developer Jefferson Properties Inc. has obtained construction financing of $190 million to build Jefferson Vista Canyon, a massive apartment complex project underway in Santa Clarita.

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Big Money – Maybe

Cannabis operators promise to pay high prices when looking for warehouse space, but closing the deal proves problematic for commercial real estate brokers in the Valley market and elsewhere.

Legal pot retailers face uphill battle to compete against black-market vendors.

‘Team DeGrinis’ Negotiates a New Address

BROKERAGE: Newmark Knight Frank offers ‘more services’ to clients.

Newmark Knight Frank nabs industrial brokerage team.

The Vineyards Goes Green

Developer seeks LEED certification for the Porter Ranch retail center, a plan that involves materials, construction, landscaping, irrigation, solar energy and electric vehicle charging stations.

New shopping center’s environmental strategy.

Valley Multifamily Portfolio Sells for $29.5 Million

Real estate brokerage Marcus & Millichap has completed negotiations on the $29.5 million sale of an apartment portfolio with nine separate properties in the San Fernando Valley.

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$35 Million Four-Property Sale Includes Northridge Retail Site

Weiss Development has sold a four-property retail portfolio with sites in Northridge and in Torrance for a combined $35 million to an undisclosed buyer.

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Quality Rules at College Preps

LIST: Private high schools recruit with top programs.

Area high schools mix academics and athletics.

Santa Clarita Studios Leases Warehouse in Valencia

Santa Clarita Studios has leased a 109,379-square-foot warehouse in Valencia for seven years, according to an announcement from CBRE, which handled the transaction.

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West Hills Office Campus Sells for $160 Million

In one of the San Fernando Valley’s largest commercial real estate deals in recent memory, Kennedy Wilson has purchased an 80-acre West Hills office campus for $160 million.

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Fire Damages Sportsmen’s Lodge in Studio City

The Sportsmen’s Lodge Events Center in Studio City suffered a fire Jan. 15 that left the dining and special events venue damaged.

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Dave & Buster’s to Open in Thousand Oaks

A new Dave & Buster’s is imminent in Thousand Oaks, and with it comes the promise of roughly 230 new jobs.

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Van Nuys Warehouse Sells for $3.6 Million

Real estate firm Avison Young has brokered the $3.6 million sale of a 16,230-square-foot warehouse in Van Nuys.

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$26 Million Debt Financing Smoothes Acquisition of Westlake Village Retail Center

Real estate brokerage firm CBRE has provided $25.9 million in debt financing toward the acquisition of North Ranch Gateway retail center in Westlake Village.

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Thousand Oaks Approves Makeover of Civic Arts Plaza Campus

Thousand Oaks City Council has approved a $1.4 million contract to create the Civic Arts Plaza Campus Master Plan.

Ventura County School Districts Join to Buy Office Building

Oxnard Union High School District and Rio School District have partnered to buy a 115,612-square-foot office building for nearly $13.8 million, according to a Lee & Associates-LA North/Ventura.

Camarillo Industrial Portfolio Sells for $24.5 Million

Daum Commercial Real Estate Services has sold a $24.5 million portfolio of six industrial buildings.

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Industrial Brokerage Team Exits Colliers For NKF

Newmark Knight Frank announced Monday that a prominent industrial real estate brokerage team has joined its ranks after a decade at Colliers International.

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Heyday Display

Valley Relics Museum features signage and marketing materials from the past.

Valley Relics Museum opens in Van Nuys.

Companies Align to Penetrate China’s Hospital Supply Chain

BIOTECH: Trade partnership promises to take Endonovo’s electrical stimulation therapies to giant Asian market.

Endonovo Therapeutics to enter China.

The Price of Modernism

Often designated landmarks, Mid-Century homes can come with higher value and more red tape.

Modernist architecture comes with a price.

Moorpark: High Street Depot Kicks Into Gear

DEVELOPMENT: Images reveal design of mixed-use next of Metro station.

DiCecco Architecture Inc. recently revealed its designs for High Street Depot, a mixed-use project that promises to blend retail and residential units adjacent to Moorpark’s Metro station.

VICA Bestows Business, Service Awards at Annual Lunch

Meeting features swearing-in of newly elected board members.

VICA gives out awards at annual meeting.

OK Brightens Future in Faraway Tejon Ranch

DEVELOPMENT: Approval of Centennial project could add 19,000 homes.

Tejon Ranch gets OK for Centennial project.

Skateboard Hall Moves To Simi Mall

Former park operator realizes dream of opening a museum.

Skateboard museum moves to Simi Valley mall.

Market High for Prop Managers

LIST: Illi Commercial expands into maintenance to boost efficiency.

Firms see revenue growth.

Calabasas Office Park Sells for $78 Million

The three-building Calabasas Park Centre office campus has sold for $78 million.

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Mini Mixed-Use Project Proposed for Woodland Hills

A mini mixed-use development is proposed for a Woodland Hills site that currently hosts a 356-square-foot tailor shop.

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