Michael Aushenker

Staff Reporter

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

Recent Stories

North Hollywood Warehouse Sold for $6.15 Million

An industrial complex at 13401 Saticoy St. in North Hollywood has sold for $6.15 million to Regent Commercial Holdings LLC, according to brokerage Lee & Associates-LA North/Ventura.

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Chatsworth Industrial Property Sells for $6.6 Million

After outgrowing its Sun Valley facility, Stratton and Sons has acquired a Chatsworth industrial property with room to grow for a price of $6.6 million.

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Simi Valley’s Erringer Plaza Sells for $4.3 Million

Erringer Plaza in Simi Valley has sold for $4.3 to Laurence Michael of Los Angeles, according to Costar Group.

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Warner Atrium Changes Hands for $28 Million

Warner Atrium, a 128,762-square-foot office building in Woodland Hills, has sold for nearly $28 million to Sandstone Properties Inc., according to the brokerage division of Kennedy Wilson.

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Commons at Valencia Gateway Sold for $33 Million

Harbor Associates LLC announced Monday that the investment firm, in a joint venture with Goldman Sachs Asset Management Private Real Estate, has acquired the Commons at Valencia Gateway in a $33.1 million cash deal.

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Tri-Cities Office Sales Up

REAL ESTATE: Entertainment tenant influx boosts values.

The office market is heating up in the Tri-Cities.

Residential Prices Hit Record Highs in 2017

HOUSING: Average Valley home costs $643,000, surpassing 2007 figure.

House and condo prices reached record highs in the San Fernando Valley and the cost of Santa Clarita Valley home ownership also rose in 2017, according to annual reports released by Southland Regional Association of Realtors.

New Tax Regs Fuel Flurry at Accounting Firms

LIST: Reform presents a chance for companies to analyze their books.

Tax reform expected to bring more business to Valley accountants.

Preview: Tri-Cities Office Sales Up

Entertainment tenant influx boosts values.

Valencia Shopping Center Sold for $9.8 Million

A 45,429-square-foot retail center in Valencia has sold to a private investor for $9.8 million, or nearly $216 a square foot, according to Colliers International.

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Job Fair for Veterans Attracts Hundreds

On Thursday, the Valley Economic Alliance hosted its 11th Annual Hero Hired Veteran Job and Resource Fair, a vocational event aimed at encouraging Valley-area employers to hire military veterans.

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Conejo Corporate Campus Sold for $23 Million

Conejo Corporate Campus, the former Thousand Oaks headquarters of Amgen Inc., has sold a joint venture between Harbor Associates LLC and Blue Vista Capital Management.

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Simi Valley’s Stonegate Plaza Sells

Stonegate Square, a class B office building located at 1965-1985 Yosemite Ave. in Simi Valley, sold for $2.9 million, or $180 a square foot, in a deal closed Jan. 24.

L.A. County Hotel Sales Hit $1.7 Billion in 2017

Los Angeles County hotel sales reached a record $1.7 billion in 2017, according to a year-end report by Irvine-based Atlas Hospitality Group, a real estate agency specializing in hotel sales.

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Chatsworth Apartment Complex Fetches $45 Million

Cielo Apartments, a 119-unit multifamily property in Chatsworth, has sold for $45 million, or more than $378,000 per unit, to an undisclosed private multifamily investment firm.

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Lee & Associates Promotes Four to Principal Status

Commercial real estate brokerage Lee & Associates-LA North/Ventura has promoted four agents to principal status, growing its team of senior brokers to 29.

Calabasas Office Property Sells for Nearly $9 Million

An office building in Calabasas has sold for $8.95 million to a local private investor, according to brokerage firm CBRE.

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Conejo Valley Shopping Center Sold for $5 Million

PCI Commercial Realty Group closed the $5 million sale of an 8,000-square-foot shopping center in Thousand Oaks, where an undisclosed buyer purchased the property from Century City’s Marks Family, according to Costar Group.

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NoHo Apartment Complex Sold for Record $643K Per Unit

A North Hollywood apartment complex has sold for $643,000 per unit, a record price for the NoHo market, according to listing brokerage Marcus & Millichap.

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Virtual Real Estate

After leaving a television career, Anna Singleton learned how a new type of video could sell luxury homes.

Singleton sisters enter 3D home tour market.

Office Market Flourishes in the East Valley

Real Estate Quarterly Special Report

San Fernando Valley’s office market last year was about on par with 2016’s as the market closed the fourth quarter with 12 percent vacancy, down slightly from 12.5 percent the previous year, according to data from Colliers International.

Hotels on the Horizon

With demand up, hospitality companies are building new lodging destinations.

New hotels being built to meet needs of tourists, business people.

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Business Improvement Districts Seek Better Year

LIST: Programs emphasize marketing and events to keep retailers, customers.

Business improvement districts look to marketing, events to help retailers.

The Number

4.8% Retail vacancy in San Fernando Valley

Pair of Glendale Multifamily Properties Sell for $33.6 million

In residential real estate, Glendale continues to grab the attention of buyers as two multifamily properties brought in a combined $33.6, according to Costar Group.

Chinese Investment Firm Pays Nearly $46 Million for Valencia Apartments

Gemdale USA has closed a deal in Santa Clarita Valley to buy The Madison apartments at Westfield Valencia Town Center for $45.9 million, or more than $353,000 per unit, according to Costar Group.

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Preview: Hotels on the Horizon

Although tourism is at an all-time high in the Los Angeles market, the San Fernando Valley region finds itself playing catch-up to get a piece of that action.

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Intercontinental Purchases Connexion Burbank for $125 Million

Intercontinental Real Estate has purchased the Connexion Burbank complex at 303 N. Glenoaks Blvd. for roughly $125 million, or $370 per square foot, according to Costar Group.

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Applebee's Hires Chief Marketing Officer

Applebee's Neighborhood Grill and Bar announced Tuesday that Joel Yashinsky has joined the brand's leadership team as chief marketing officer.

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Chatsworth Retail Portfolio Sold for Nearly $4.9 Million

A portfolio of four retail properties at 9110 De Soto Ave. in Chatsworth has sold for $4.85 million, according to Costar Group.

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Westlake Village’s Townsgate Technology Center Sells for $12 Million

Townsgate Technology Center, a 60,478-square-foot office building in Westlake Village, has sold for $12 million, or $198 a square foot.

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Valley Home Prices Reach Record High

House and condo prices hit record highs in the San Fernando Valley and the cost of Santa Clarita Valley home ownership also rose in 2017, according to annual reports released by Southland Regional Association of Realtors.

Glendale Office Portfolio Sold for $122 Million

A fund managed by CBRE Global Investors Ltd. has acquired two Glendale office buildings and a parking garage from Blackstone Group for $122 million, according to CoStar Group.

Burbankwood? Study Suggests Second Hollywood Sign in Valley

Imagine looking out a Burbank window one morning and spotting the Hollywood Sign. A $120,000 study commissioned by L.A. City Councilman David Ryu has suggested just that.

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Lawyer Hikes Antarctica’s Highest Peak

Practitioner says climbs sharpen legal problem-solving skills.

Glendale attorney Gary Nelson climbs tallest mountain in Antarctica.

Tiff Over Hilton Tower

Hotel’s owner plans to build expansion despite objections from NBCUniversal.

Hotel owner and NBCUniversal disagree on new tower.

Buyer Bets on Higher Rents in Office Building

Acquisition: Ascentris plans renovations for Van Nuys’ Tri-Center Plaza.

Denver-based real estate private equity firm Ascentris has acquired Tri-Center Plaza, a six-story, 143,000 square-foot office building located at 5990 Sepulveda Blvd. in Van Nuys, for an as-of-yet undisclosed price.

Disney Drops CEO’s Salary, Shakes Up Board

Walt Disney Co. cuts salary for its top brass.

Most Expensive ZIP Codes Include Two in Valley

California has 77 entries on a list of the priciest ZIP codes, with two San Fernando Valley neighborhoods on the list.

Santa Clarita Leader Confident in Amazon’s L.A. Selection

Los Angeles made Amazon’s short list of potential sites for its second headquarters on Thursday, leaving Holly Schroeder, chief executive of the Santa Clarita Valley Economic Development Corp., feels confident about L.A.’s prospects.

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Movie Mogul Lists Whopping $85 Million Thousand Oaks Home

Film producer Thomas Tull and his wife Alba Tull have listed their 33-acre compound in Thousand Oaks’ North Ranch community for a whopping $85 million.