Michael Aushenker

Staff Reporter

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

Recent Stories

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 Badly Damages Sportsmen’s Lodge in Studio City

The Sportsmen’s Lodge Events Center in Studio City suffered a fire Tuesday morning that left the dining and special events venue badly 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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Market High for Prop Managers

LIST: Illi Commercial expands into maintenance to boost efficiency.

Firms see revenue growth.

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.

Skateboard Hall Moves To Simi Mall

Former park operator realizes dream of opening a museum.

Skateboard museum moves to Simi Valley mall.

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.

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.

Heyday Display

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

Valley Relics Museum opens in Van Nuys.

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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Ventura County Coastal Association of Realtors Installs New Leader

Jorge DeLeón has been elected as incoming president of the Ventura County Coastal Association of Realtors.

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Land Owner Seeks to Build Apartments in Valley Glen

Michael Fant, the owner of a vacant lot in Valley Glen, has applied with the city of Los Angeles to develop a multifamily complex with retail elements on his property.

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Van Nuys 99 Cents Location Sells for $6.7 Million

A single-tenant storefront property leased by 99 Cents Only Stores in Van Nuys has sold for $6.7 million, or $489 per square foot, according to CoStar data.

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Construction Consulting Firm Purchases Glendale Office Building for $11 Million

A Glendale office building has sold for $11.1 million, or $326.47 per square foot, according to CoStar Group.

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Investors Pick Up Oxnard Big Box Site for $96 Million

A joint venture between Investec Real Estate Cos. in Santa Barbara and DRA Advisors out of New York has acquired the 356,864-square-foot retail center The Esplanade in Oxnard for $96 million, according to a CoStar Group report.

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Engineering Firm Sells Glendale Warehouse for $21 Million

A Glendale industrial site that is home to Acco Engineered Systems Inc. has sold for $20.7 million, or $689 per square foot, according to CoStar Group.

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Movie Prop Firm Leases 90,000 Square Feet in NoHo Warehouse

A major movie studio pros company has leased 89,452 square feet of North Hollywood warehouse space, CBRE Group Inc. announced.

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Santa Clarita Chamber Hosts Year-End Holiday Mixer

About 200 members and guests of the Santa Clarita Valley Chamber of Commerce celebrated the holidays with a year-capping mixer held at Oakmont of Santa Clarita, an eldercare facility at 28650 Newhall Ranch Road.

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Greater Conejo Chamber Raises $50,000 for Wildfire Relief

The Greater Conejo Valley Chamber of Commerce has donated $50,000 in donations toward the recovery efforts following the Woolsey and Hill fires, and the Nov. 7 shooting at Borderline bar in Thousand Oaks.

Northrop Grumman Site to Host Eldercare Facility

A 1 million-square-foot eldercare facility will be developed on a portion of the 59 acre property at Northrup Grumman’s Woodland Hills site.

Mixed-Use Project to Bring 244 Apartments to Warner Center

Montecito-based Levine Family Properties LLC is proposing to create a 244-unit development at 21201 W. Victory Blvd. in Woodland Hills.

Design of Fourth Q Building in Warner Center Unveiled

Architecture and design firm Newman Garrison + Partners has released images for its Q East, one of five Q developments in partnership with Canoga Park-based California Home Builders currently under construction in Woodland Hills.

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Gelt Sells Salt Lake City Apartment Complex

Tarzana-based Gelt Inc. has sold a 247-unit apartment complex in Salt Lake City.

VICA Presents Business, Service Awards at Annual Meeting

About 250 attendees packed the ballroom at the Airtel Plaza Hotel in Van Nuys, where Valley Industry & Commerce Association held its 69th annual meeting.

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Developer Acquires Warner Center Flex Building

Real estate investment firm Bolour Associates Inc. has acquired 21200 Oxnard St., a 52,581-square-foot, single-story flex commercial building on 3 acres in Woodland Hills.

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Restaurant and Bar Nears Completion at Valencia Hyatt

Hyatt Regency Valencia is to open its transformed restaurant and bar in early 2019 as Greater Pacific.

Developers Seek to Bring Senior Units to Camarillo and Moorpark

Unrelated senior planned communities are proposed in Camarillo and in Moorpark, according to a pair of Acorn Newspaper reports.

Westlake Village Medical Building Complex Sells

Welltower has gained a two-building medical office complex totaling 50,000 square feet in Westlake Village, spending $29.95 million on the acquisition, according to a Bisnow report.

Thousand Oaks State of the City Address Echoes ‘T.O. Strong’ Theme

Before some 400 attendees, Mayor Andy Fox delivered a keynote address at the city of Thousand Oaks’ annual State of the City Address Tuesday, acknowledging heroism and professionalism in the face of last month’s twin tragedies: the Borderline bar shooting, which left 13 dead, and the Woolsey Fire.

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L.A. County Approves Centennial at Tejon Ranch Project

By a 4-to-1 vote, the Los Angeles County Board of Supervisors voted Tuesday morning to approve the massive Centennial master-planned community project at Tejon Ranch and bring 19,000 new dwellings to the Southern California region.

CBS Sells Television City, Retains Studio City Production Facilities

With the sale of CBS Television City in L.A.’s Fairfax neighborhood, CBS Corp.’s property in Studio City will become the broadcaster main base of operations in the market.

Nine-Home Development Proposed in Lake Balboa

The South Valley Area Planning Commission is considering a proposal to construct a small lot of houses in Lake Balboa, located roughly halfway between Louise and Amestoy avenues.

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Stagnant Economy Ahead for Ventura County

Populace goes elsewhere amid talk of a national recession.

Ventura County’s economy continues to flatline with little signs of improvement, according to economist Matthew Fienup.

Rising Real Estate Market Impacts SBA Lending

Borrowers like low down-payments and fixed interest rates on loans.

The Valley region’s red-hot real estate market has helped and hurt Silverio Robledo’s business.

Tower Sells Despite Nestlé Exit

The 22-floor office tower at 800 N. Brand Blvd. presents an iconic – and in recent months problematic – landmark in downtown Glendale.

Classes Cater to Autistic Students

Online academy trains for tech job market.

Both a company and an academy, Coding Autism trains autistic individuals to find jobs in the technology industry.

Another Q Building Planned for Warner Center

Architecture firm Newman Garrison + Partners has shared its first look at the Q at Erwin, its latest project in a network of mixed-use residential buildings, all called Q, in Warner Center under development by California Home Builders in Canoga Park.

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