Michael Aushenker

Staff Reporter

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

Recent Stories

NoHo Complex to Replace Strip Mall, Apartment Building

A proposed development would raze a strip mall and vacant apartment building in North Hollywood to pave the way for an 84-unit apartment building.

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Westlake Village Office Building Sells for $18 Million

Westlake Plaza Centre 2, an 84,098-square-foot office building at 2829 Townsgate Road in Westlake Village.

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Burbank Warehouse Sells for $2.3 Million

A 7,400-square-foot industrial building in Burbank has sold for $2.27 million, or $307 a square foot, according to brokerage NAI Capital.

Sightseeing Bus Company Signs $2.6 Million San Fernando Lease

Sightseeing tour bus operator Big Bus has signed a five-year, $2.6 million lease for 720 Jessie St. in the city of San Fernando.

Agoura Hills Office Property Sells for $4.75 Million

A private investor has purchased a multi-tenant office building in Agoura Hills from an undisclosed seller for $4.75 million.

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Harbor Freight Moves Calabasas Headquarters

Harbor Freight Tools USA Inc., a national tool retailer that was formerly based elsewhere in Calabasas, has signed a 228,990-square-foot, 15-year lease at Corporate Center Calabasas.

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Glendale Site Slated for Self-Storage

$9 million purchase paves way for redevelopment.

$9 million purchase paves way for redevelopment.

‘Barry’ Shows NoHo’s Charms

MEDIA: Acclaimed HBO series uses Valley culture, locations.

HBO series promotes, shoots in Valley.

Treasurer Talks Affordable Housing

Fiona Ma tells builders ‘to look at what the state has to offer’ for funding.

State treasurer gives keynote on affordable housing.

Hotel, Apartments to Replace Defunct School in Newbury Park

A developer has proposed new uses for an obsolete school in Newbury Park while preserving the historic value of the buildings, which date back nearly a century.

Nonprofit Eyes 120 Units of Affordable Housing in Panorama City

A major affordable housing mixed-use project will go before Panorama City Neighborhood Council's Land Use Committee this month.

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L.A. Investment Firm Pays $24 Million for Reseda Apartment Complex

Lion Real Estate Group, a Los Angeles based real estate investment and development firm, has sold the Park Terrace Apartments in Reseda for nearly $24 million.

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Burbank Holds First Economic Summit

Burbank Chamber of Commerce and Better Burbank Corp., an economic development affiliate of the chamber, held its first annual Economic Summit at the Ikea in Burbank.

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Tejon Ranch Criticizes Latest Centennial Lawsuit

Tejon Ranch Co. issued a statement Tuesday criticizing a lawsuit filed by an environmental organization to prevent the company from building its massive Centennial project.

Orchestra Gives to Van Nuys School

Conductor Carlo Ponti Jr. pledges net subscription funds to education.

For Valley Landlords, Seismic Deadline Looms

REAL ESTATE: Owners of ‘soft story’ buildings balk at costs.

Earthquake retrofits fall short of deadline.

Community Connector

Pegi Matsuda personifies business-civic engagement in the Valley.

Consultant and civic leader Pegi Matsuda.

7-Eleven Ignites Local Backlash

Thousand Oaks’ outcry spurs project’s defeat at hearing.

During a planning commission hearing last month, the city of Thousand Oaks, in a 4-0 vote, defeated a developer’s proposed 7-Eleven Inc. convenience store on a long-unoccupied parcel of land across the street from a high school.

Calabasas Stays Strong in Wildfire Aftermath

Automotive, hotel developments coming post Woolsey Fire.

Calabasas stays strong in wildfire aftermath.

Single-Focus Shops

The San Fernando Valley is awash in unusual specialty stores.

Single-themed shops in the Valley.

Glendale Brokers Unite for a Night

Reception highlights newcomers to retail, hospitality.

The city of Glendale’s Economic Development Division hosted Glendale’s Broker Reception at Eden on Brand on May 8, attracting some 60-plus attendees, primarily from the local real estate industry.

Preview: For Valley Landlords, Seismic Deadline Looms

REAL ESTATE: Owners of 'soft story' buildings balk at costs.

Encino Apartment Building Sells for $7.4 Million

A 27-unit multifamily property at 5354 Yarmouth Ave. in Encino has sold for $7.4 million, or $342 per square foot.

San Fernando Automotive Property Sold

A 18,000-square-foot signalized corner lot at 1203 N. Maclay Ave. in San Fernando has sold for $1.42 million.

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Talaria Project Opens in Burbank After Nearly Two Decades in Development

Talaria – a for-rent housing, office and retail project in Burbank – has officially opened after nearly two decades in the making by developer Cusumano Real Estate Group.

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Logistics Firm Renews Two Leases in Van Nuys

Moulton Logistics Management Inc. has renewed leases for 255,404 square feet of industrial space at two adjacent properties in Van Nuys, according brokerage firm CBRE Group.

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Chamber Celebrates Conejo Retail, Restaurants at MIXPO

Despite the threat of inclement weather, Greater Conejo Chamber of Commerce smoothly hosted MIXPO, an outdoor business expo-plus event held at Los Robles Greens in Thousand Oaks Wednesday, improving on the previous year’s Mega-Mix business expo in terms of scope and attendance.

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Four-story Senior Housing Proposed for Sherman Oaks

Los Angeles-based Mercy Housing has submitted a proposal to redevelop the site of a 1940s triplex at 14534 Burbank Blvd. into a 55-unit apartment building earmarked as affordable housing for low-income seniors, according to an Urbanize.LA report.

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Luncheon Celebrates Induction of Calabasas Mayor Shapiro

The city of Calabasas on Thursday celebrated the arrival of new mayor David Shapiro with its annual Mayoral Luncheon that doubled as a state of the city event.

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Sacramento Nixes Bill to Allow More Housing in Single-Family Areas

A high-profile bill that would have allowed increased home building near mass transit stations and in single-family neighborhoods across California was defeated on Thursday.

Encino’s Scratch, Northridge’s Boba Truck Partake in Month-Long Food Fest

The Third Annual Los Angeles Times Food Bowl is currently underway throughout May. Several San Fernando Valley eateries have been brought into the fold to participate.

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Construction Underway at Camarillo Senior Village

Construction is underway on incoming Oakmont of Camarillo, due for completion this winter.

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Developer Proposes Mixed-Use Complex in Glendale

Project applicant Mikael Galestian under the LLC New Dawn Enterprises has presented a plan to Glendale Design Review Board to replace existing structures at 3508-3514 Verdugo Road.

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A Mall Overhaul

Public hearing reveals new features of Westfield’s $1.5 billion Promenade 2035 development in Woodland Hills.

Details of Promenade 2035 project.

Moorpark’s Aspiring Tech Hub Filling Up Fast

AeroVironment leases industrial facility on Princeton Avenue.

CSUN Links Golf and Construction

Annual charity drive raises $145,000 for students.

Annual charity drive raises $145,000 for students.

Where Master-Plan Dreams Still Come True

CONSTRUCTION: Santa Clarita Valley realizes the vision of its founders.

Building boom in Santa Clarita Valley.

Preview: A Mall Overhaul

Public hearing on Westfield’s Promenade 2035 project.

Orly International Sells Industrial Land in Van Nuys

A mini-storage operator has purchased 1.27 acres of industrial land in Van Nuys from cosmetics manufacturer Orly International Inc. for an undisclosed amount.

Nonprofit Developer Proposes NoHo Apartments

North Hills-based nonprofit developer Abbey Road Inc. has proposed to build a four-story, 103-unit affordable housing complex in North Hollywood.

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Six-Story Aloft Hotel Under Construction in Glendale

Construction of Aloft Hotel is underway north of downtown Glendale, according to Urbanize.LA.

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Valencia Pipe Co. Signs $10 Million Lease

Valencia Pipe Co. Inc., a division of VPC Global, has signed a lease for 170,990 square feet at Vista Business Park in Valencia for $10.1 million, according to an announcement from brokerage CBRE Group.

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Houston Developer to Build 394 Apartments in Canoga Park

Houston-based real estate firm Hanover Co. has gained approvals from the city of Los Angeles to redevelop a Canoga Park property into a 394-unit apartment building.

Simi Valley Warehouse Sells for $8.2 Million

The 53,799-square-foot Malabar International building in Simi Valley has sold for $8.2 million.

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Simi Valley Mixed-Use Site Sells for $18.5 Million

A 12.8-acre mixed-use development site in Ventura County has sold to Province Group for $18.5 million.

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Westfield’s Promenade 2035 Project Faces Public Hearing

Westfield Senior Vice President of Development Larry Green went before a city of Los Angeles committee to sell representatives from various city departments on the developer’s idea of a $1.5-billion overhaul of the Promenade mall in Woodland Hills.

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Multi-Tenant Retail Pads in Lancaster Sell for $6 Million

A private investor has paid $6 million for two multi-tenant pad sites at the Walmart Supercenter in Lancaster.

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Santa Clarita Contractor to Build School in Santa Maria

AMG & Associates, a Santa Clarita-based firm, has been awarded a $41 million contract to construct a new elementary school in Santa Maria.

Rexford Buys San Fernando Warehouse Complex for $118 Million

Rexford Industrial Realty Inc., has acquired the San Fernando Business Center for $118 million, the company announced Monday.

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Hunt for Industrial Moves North by Northwest

Real Estate Quarterly

Colliers International’s first-quarter data suggest the Tri-Cities office market is holding steady as tenants seeking industrial real estate move north and west where more product, land and labor is available.

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