Michael Aushenker

Staff Reporter

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

Recent Stories

Blackstone Spends $83 Million on Van Nuys Acquisition

New York City investment firm Blackstone has acquired two adjoining buildings in Van Nuys for $83 million.

Cell Towers Aid in Sale of West Hills Office Building

A 15,025-square-foot office building in the West Hills market has sold for $4.3 million.

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Residential Project in Van Nuys Would Create 124 Apartments

A residential project has been proposed for Van Nuys, located not far from the Van Nuys Metrolink Station.

Investor Pays $2 Million for Jack in the Box Location in Castaic

A private real estate investor has paid $2 million for a retail building in Castaic that has a lease commitment from Jack in the Box through March 2027.

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VICA Voices Opposition to L.A. City Council Business Measures

Van Nuys-based advocacy group Valley Industry & Commerce Association has voiced opposition to a Los Angeles City Council motion to regulate business.

$20.5 Million Loan Secured by Sherman Oaks Best Western Hotel

Real estate investment bank Sonnenblick-Eichner Co. has arranged $20.5 million in first mortgage debt for the 178-room Carriage Inn, located at 5525 Sepulveda Blvd. near the intersection of Burbank Boulevard in Sherman Oaks.

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Westfield, Simon Shut Down Shopping Centers Amid Virus Outbreak

Two major mall owners in the Valley region are closing their shopping centers in light of the coronavirus outbreak.

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71-Unit Apartment Complex Proposed for Sun Valley

North Hollywood developer Sahaco Inc. has filed plans with the city of Los Angeles for a new residential complex in Sun Valley that would bring 71 market-rate apartments online.

Tarzana Multifamily Sells for $15 Million

A 48-unit multifamily complex in Tarzana has sold for $15.1 million in an all-cash transaction.

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Anchor Loans Leases New Headquarters in Westlake Village

Anchor Loans is relocating its headquarters to Westlake Village with the signing of a 26,000-square-foot lease at One Baxter Way.

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WeWork Opens Warner Center Location

WeWork has announced the opening of its first location in Woodland Hills, called WeWork The Warner Center.

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Valley’s Big Pizza Party

Two pie chains open their first parlors in the region.

Pizza is trending in the 818, as two prominent chains with loyal followings opened their first San Fernando Valley outlets in January.

Panoramic Views

DEVELOPMENT: Office tower in Panorama City closed by the Northridge Quake finds second life as a residential complex.

Office tower damaged in Northridge Earthquake gains new life as a residential complex.

Coronavirus Effect

ECONOMY: The disease has impacted businesses across the Valley region – with more to come.

Coronavirus has impacted businesses across the Valley region – with more to come.

Thousand Oaks Industrial Building Sold for Biotech Redevelopment

A 65,269-square-foot industrial building in the Conejo Valley has sold for $8.1 million, with the new owner looking to turn it into biotech labs.

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Sinclair Printing Sells Palmdale Warehouse for $15 Million

Sinclair Printing has sold an industrial warehouse in Palmdale for $15 million.

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60-Unit Apartment Complex in Glendale Sells for $28 Million

A 60-unit multifamily complex in Glendale has sold for $28 million, or $467,000 per unit.

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USPS to Open New Post Office and Sorting Center in Warner Center

U.S. Postal Service has signed a lease to occupy a 52,000-square-foot industrial building owned by Bolour Associates Inc. at 21200 Oxnard St. in Woodland Hills.

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Village at Moorpark Shopping Center Sells for $20 Million

The Village at Moorpark, a 129,374-square-foot shopping center, has sold for $20 million, according to brokerage Avison Young.

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Disney-Licensed Lifestyle Brand Barefoot Dreams Signs Thousand Oaks Lease

Barefoot Dreams has committed to a 50,708-square-foot lease at Rexford Industrial’s Conejo Spectrum Business Park in Thousand Oaks.

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Camarillo Sublease Shows Strength of 'Biotech Expansions' Trend

PBS Biotech has leased a 63,789-square-foot freestanding industrial facility in Camarillo, according to brokerage Newmark Knight Frank.

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‘A New Brain Teaser to Solve Every Day’

Law Special Report

Yi Sun Kim’s practice concentrates on business bankruptcies, litigation and transactions.

2019 Ends on Uptick for Marcus & Millichap

REAL ESTATE: Brokerage sales increased, despite slump in overall market.

Brokerage Marcus & Millichap saw increased Q4 revenue despite market slump.

Rebranding Kobe Charity

Foundation now Mamba & Mambacita Foundation.

The Mamba Sports Foundation at Mamba Sports Academy in Newbury Park has been rebranded as Mamba & Mambacita Sports Foundation.

Courier Trucker Signs San Fernando Lease

Regional parcel courier trucking company 1st Choice Delivery has signed a 25,202 square-foot industrial lease for an undisclosed cost at San Fernando Business Center in the city of San Fernando.

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Sylmar Apartments Sold Under Court Order

An investor paid $17.4 million, or about $285,000 a unit, for a 61-unit apartment building in Sylmar put on the market by court order, according to CoStar.

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Developer Plans Project at Fry’s Electronics Site in Woodland Hills

Warner Center has another mixed-use project coming soon on the site of the Fry’s Electronics store at 6100 Canoga Ave.

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Ramada by Wyndham Burbank Airport Completes $7 Million Renovation and Rebranding

Ramada by Wyndham Hotel/Burbank Airport has announced the completion of a nine-month, $7 million property overhaul which includes a new name.

Panel Discussion Delves into Ventura County's Slow Economy

The Rotary Club of Thousand Oaks sponsored a breakfast Friday on the economic outlook for Ventura County and the city of Thousand Oaks.

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Massive Camarillo Industrial Buildings Sell for $88 Million

STAG Industrial Inc. has sold a pair of massive free-standing industrial buildings in Camarillo for $88 million.

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Party Rental Company Signs 60,000-Square-Foot Lease in Valencia

24/7 Events Inc., a rental company for corporate and sporting events, has leased 50,930 square feet at a newly constructed industrial property in the Valencia Commerce Center complex.

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Industrial Hemp on Hold in Ventura County

REGULATION: Newly legalized crop banned in Moorpark, Thousand Oaks.

Ventura County cities pass ordinances to ban production of industrial hemp within their borders.

Tech Expedites Non-Traditional Home Sales

REAL ESTATE: Entrepreneurs disrupt brokerage business.

How proptech is changing the way people buy a new home.

Boutique Hotel Proposed in North Hollywood

Developers have filed paperwork with the city of Los Angeles to turn a former club in North Hollywood into a hotel.

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Kobe Bryant-Affiliated Sports Foundation Takes New Name

The Mamba Sports Foundation at Mamba Sports Academy in Newbury Park has been rebranded Mamba & Mambacita Sports Foundation.

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Animation House Titmouse to Expand into Burbank

Cartoon studio Titmouse has leased space at Media Center North, an office building located at 2835 N. Naomi St. in Burbank.

Simi Valley Circles Back to Approve Mixed-Use Housing Project

A proposed four-story, 278-unit apartment complex has been approved in Simi Valley under pressure-filled circumstances.

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20-Unit Apartment Building in Sherman Oaks Sells for $9.1 Million

A 20-unit multifamily property at 15323 Weddington St. in Sherman Oaks has sold for $9.1 million, or $455,000 per unit.

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Former Sunkist Headquarters in Sherman Oaks Wins Redevelopment Approval

Developer IMT Capital’s mixed-use re-imagining of the former Sunkist headquarters in Sherman Oaks has secured approval from Los Angeles City Council’s Planning and Land Use Management Committee.

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Real Estate Brokerage NAI Capital Files for Chapter 11

NAI Capital has filed for Chapter 11 in a move to reorganize the company.

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George’s Greek Grill Signs First Valley Lease in Sherman Oaks

George’s Greek Grill has leased 3,105 square feet at the Sherman Oaks Galleria in Sherman Oaks, marking the regional chain’s first San Fernando Valley restaurant.

NoHo Hosts $5.7 Million Sale of Industrial Building

The multi-tenant industrial building at 13026 Saticoy St. in North Hollywood has sold for $5.7 million.

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Developer Seeks Industrial to Office Conversions in Glendale

A developer wants to convert four Tri-Cities industrial buildings into leasable office space, according to an environmental impact report filed with the city of Glendale.

33-unit Apartment Complex in Burbank Sells for $10.9 Million

Scott Road Terrace Apartments, a 33-unit multifamily property in Burbank, sold for $10.9 million, according to brokerage Marcus & Millichap Inc. in Calabasas.

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Industrial Portfolio in Van Nuys, Santa Clarita Sells For $15.3 Million

A portfolio of three industrial buildings in Van Nuys and Santa Clarita totaling 91,248 square feet has sold for $15.3 million.

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Government-Leased Industrial Complex in Northridge Sells for $10.5 Million

Newmark Knight Frank has completed the $10.5 million sale of a 22,237-square-foot industrial property in the Northridge Business Centre at 19851–19853 Nordhoff St. in Northridge.

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Glendale's Doran Lofts Sell for $12.6 Million

A private investor has acquired the Doran Lofts apartments in Glendale for $12.6 million.

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Northridge Multifamily Complex Acquired for $14.9 Million

Champion Real Estate Co. has acquired Valleywood Apartments, a 42-unit multifamily property in Northridge, for $14.9 million.

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NoHo Arts District Apartments Sell for $2.3 Million

An apartment complex with eight units in North Hollywood has sold for $2.3 million to an undisclosed buyer.

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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.

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