Michael Aushenker

Staff Reporter

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

Recent Stories

Facebook Hosts Business-Building Forum in San Fernando

Facebook Inc. hosted a forum called “Boost Your Business” in conjunction with the San Fernando Chamber of Commerce, in the city of San Fernando Monday morning.

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Bedfellows Building in Studio City Sold

A Studio City retail building located at 12250 Ventura Blvd. that was most recently home to the mattress business Bedfellows has sold for an undisclosed price.

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Tudor Office Building Sells for $5.4 Million

The Tudor office building in Woodland Hills has sold for $5.4 million, or $228.68 per square foot.

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Three People Injured in Canoga Park Industrial Explosion

Three people were injured after an explosion rocked a Canoga Park industrial area Wednesday that collapsed part of the building’s roof and tore through three units.

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Americana Developer’s Montecito Venture

HOSPITALITY: Caruso opens reimagined luxury hotel overlooking prime beach.

Caruso opens luxury Montecito hotel.

Rock’s Bullhorn

Mitch Schneider has promoted some of the music industry’s biggest acts, from the Sex Pistols to Ozzy Osbourne to Tom Petty.

Music industry publicist Mitch Schneider.

How Data Drive Sales for Dealers

AUTOMOTIVE: Software makers partner to reach wider market.

MarketScan, a Camarillo producer of automotive financing software, has forged an alliance with Dallas counterpart StoneEagle to parlay their respective strengths into improving their services.

Newhall Retail Center Sells for $2.5 Million

A multi-tenant retail property in Newhall has sold in an all-cash transaction for $2.45 million, or $389 a square foot.

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Commercial Real Estate Awards Honors Valley's Best

San Fernando Valley Business Journal handed out its Commercial Real Estate Awards Thursday night during a dinner event held at the Hilton Woodlands Hills hotel.

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Business Journalist Examines Region at Cal Lutheran Event

Henry Dubroff — the founder, editor and the entrepreneur behind Santa Barbara-based Pacific Coast Business Times — discussed the evolution of corporate culture in the region in a presentation Wednesday at Lundring Events Center, located on the California Lutheran University campus in Thousand Oaks.

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Rain Storms Delay Shopping Center Opening in Porter Ranch

A series of rain storms has delayed the official rollout of Porter Ranch shopping center The Vineyards, which was originally scheduled to begin opening stores this week.

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Investor Purchases Apartments Near CSUN for $7 Million

A private investor has acquired a 29-unit apartment building in Northridge for $6.95 million, or $239,655 per unit.

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Reseda Ambulance Center Site Sells for $2.2 Million

A Reseda site used as an ambulance dispatch center has been sold for $2.2 million, or $362 per square foot.

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Greater Conejo Chamber Holds Beatles-Themed Gala

Greater Conejo Chamber of Commerce held its 2019 Recognition Gala fundraiser Friday at the Hyatt Regency Westlake, with the theme "Come Together for an Evening with the Beatles."

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Glendale Rent Rules Rub Landlords Wrong Way

RESIDENTIAL: City council tries to balance interests of owners and tenants.

Landlords bristle at new Glendale rent rules.

Coming Soon to an Upgraded Theater Near You

LIST: A rush to remodel and develop performance arts venues in the Valley.

Upgrades at performance facilities.

Mopping Up the Woolsey Fire

DISASTER: Damage restoration firms busy in aftermath.

Businesses recover from the Woolsey Fire.

Stoked Broker

Lewis Horne, president of CBRE Group’s Pacific Southwest Divison, thinks the commercial real estate market has ‘never been better.’

Lewis Horne of CBRE Group.

Kaiser Permanente Renews Lease in Valencia

Kaiser Permanente has renewed its lease for nearly 11,000 square feet of medical office space in Valencia.

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Thousand Oaks Shopping Center Sells for $14.4 Million

Los Angeles-based real estate investment company Agora Realty & Management has acquired the Thousand Oaks shopping center called Office Depot Plaza for $14.4 million from an undisclosed seller, according to a company announcement.

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CBRE Names Evans Managing Director of North L.A. Region

Chalvis Evans is managing director of CBRE Group Inc.’s North Los Angeles region, which includes offices in Glendale, Woodland Hills and Oxnard, the real estate brokerage announced Thursday.

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Four-Story Residential Complex Proposed in Sun Valley

Nonprofit developers Meta Housing Corp. and Western Community Housing have proposed an affordable housing development in Sun Valley.

New Senior Development Proposed in Sherman Oaks

Nonprofit developer Mercy Housing has filed an application with Los Angeles Planning Department to construct 55 units of senior affordable housing at the Sherman Oaks address where a different developer had intended to create a 60-unit facility two years ago.

West Hills Gated Community Opens With Energy Efficient Houses

Watt Communities and Presidio Residential Capital have announced that sales are open at New Heights, a $25 million gated community in West Hills.

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Dine Brand Shares Rise 12 Percent on Revenue Growth

Dine Brands Global Inc., parent company of Applebee's Neighborhood Grill + Bar and IHOP restaurants, announced higher revenue for its fourth quarter and full year on Thursday, sending shares up more than 12 percent.

Marcus & Millichap Division Expands to Edmonton

Institutional Property Advisors, a division of Marcus & Millichap Inc. in Calabasas, announced Wednesday that Edmonton, Alberta-based multifamily investment advisory team Bradley Gingerich, Paul Chaput, Bradyn Arth and Jane Woertman have joined the firm.

Moorpark Names New Community Development Director

Moorpark has named Karen Vaughn as the city’s new community development director, effective Feb. 25.

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Nearly 150 Apartments to Rise Across From CSUN

A multifamily mixed-use project featuring 146 apartment units and 2,000 square feet of ground-floor retail space is set to go up across the street from California State University – Northridge.

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Latino Power Tracker

David Hayes-Bautista teams with California Lutheran University to tell an economic success story.

David Hayes-Bautista of Latino Gross Domestic Product Project.

Real Estate & Construction

Special Report: Accounting

Accountants see change in their industry.

Salute the Kernel

Agoura Hills shop expands the colors, aromas and tastes of popcorn.

What’s popping at Popped Fresh.

MGA Campus Could Redesign Chatsworth

Design firm works to transform Chatsworth.

From a civic center to corporate offices to an upcoming live/work campus in Van Nuys, Linespace has exerted a game-changing impact on Valley architecture.

Caruso Creates Traffic for Lunar New Year

RETAIL: Dance teams and Asian cuisine draw a crowd in Glendale.

Caruso celebrates the Lunar New Year.

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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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.

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

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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