Michael Aushenker

Staff Reporter

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

Recent Stories

MGA Entertainment Celebrates Launch of 24 Campus in Chatsworth

MGA Entertainment Inc. opened its new headquarters Thursday with a ribbon-cutting and groundbreaking.

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Development Promises 106 Apartments for Studio City

The Crescent, a proposed development that would put 106 residential apartments at the intersection of Ventura Boulevard and Arch Drive in Studio City, has gone before Studio City Neighborhood Council's Land Use Committee.

CBRE Secures $12 Million Refinance for Moorpark Industrial Building

CBRE Group Inc. has arranged a $12 million refinance for a 143,973-square-foot industrial site in Moorpark.

100-unit Apartment Complex in Pacoima Sells for $23.5 Million

The 100-unit Branford Villas apartment complex in Pacoima has sold for $23.5 million.

Business Journal Awards Trusted Advisors

The San Fernando Valley Business Journal held its annual Trusted Advisors Awards Thursday evening, honoring the Valley area’s top achievers in the areas of legal counsel, banking, accounting, insurance and wealth management.

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Residents File Appeal Against Westfield Promenade Redevelopment

Woodland Hills residents are contesting the Westfield Promenade project roughly two weeks after officials at the city of Los Angeles approved the $1.5 billion development’s 7,500-seat arena component.

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Valley Economic Alliance Secures Money to Repair Fernando Award Monuments

Valley Economic Alliance, under the leadership of Randy Witt, has secured $10,000 from L.A. City Councilmembers to repair to two San Fernando Valley monuments.

Laemmle Newhall Construction on Track During Takeover Talk

Construction of the newest Laemmle Theatres location in Old Town Newhall will continue despite rumors that the Santa Monica-based arthouse cinema chain may have new owners.

Commercial Real Estate Veteran Joins Marcus & Millichap Board

Marcus & Millichap Inc. has expanded its board with the appointment of Lauralee Martin, effective Aug. 1.

Insurance Company Signs 50,000-Square-Foot Lease in Calabasas

Rising Realty Partners has committed Republic Indemnity to a 50,000-square-foot lease at The Park Calabasas in Calabasas.

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The Big Five-0

San Diego Comic-Con International celebrates its 50th anniversary with Valley-region companies exhibiting their wares.

San Diego Comic-Con International celebrates its 50th anniversary with Valley-region companies exhibiting their wares.

GROWTH & SATURATION

special report : Co-working

Co-working — the hottest format in office real estate — may have its limits.

Eateries Fight Cancer on the Paramount Lot

Valley chains participate at ‘California Dreaming’ event.

Valley chains participate at ‘California Dreaming’ event.

Patios and Icebergs

Real Estate Quarterly

OVERVIEW: Quarter featured announcements for the future – and big deals right now.

Real Estate Quarterly

Large office and retail projects will reshape Valley.

MARKETS Large office and retail projects will reshape Valley.

Preview: Co-Working's Surge

More flex offices to open in the Valley, despite talk of saturation.

$35 Million Deal for 33-Acre Estate Sets Conejo Valley Record for Home Sale

Former Legendary Pictures chief executive Thomas Tull and his wife Alba have sold their 33-acre estate in Thousand Oaks for $35 million, setting records for a home price in the Conejo Valley and all of Ventura County.

$32 Million Land Parcel in Mission Hills Bought by Cemetery Operator

A 28-acre plot of land at 11630 Indian Hills Road has sold for $32 million, according to Colorado-based brokerage IREA.

Glendale Office Building to Become Residential Condos

Pasadena development firm Adept will begin work by the end of this year to convert a 1980s office building in Glendale into condominiums.

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29-Unit Apartment Complex in Glendale Sold for $7.9 Million

Lexington Apartments, a 29-unit community at 1111 E. Lexington Drive in Glendale, has sold for $7.9 million, or $272,414 per unit.

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Warner Center Stadium Goes Forward With 7,500 Seats

zoning administrator has signed off on an early step toward the establishment of a sports and entertainment stadium in Woodland Hills on 34 acres of the Westfield Promenade mall.

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REIT Sells Burbank Hotel for $72.9 Million

Pebblebrook Hotel Trust has sold the Hotel Amarano Burbank for $72.9 million, after purchasing the property last winter for less than $500,000.

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Valley Home, Condo Prices Hit Record Highs

Median prices of homes and condominiums in the San Fernando Valley that closed escrow during June hit record highs even as sales slowed due to limited inventory.

Developer Plans 56 Affordable Apartments for Sylmar

A developer has proposed 56 new apartments to be built on a vacant lot in Sylmar at 12663-12667 N. San Fernando Road.

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Scale-Up Consultant

MANAGEMENT: Jonathan Goldhill helps mid-size companies expand intelligently.

MANAGEMENT: Jonathan Goldhill helps mid-size companies expand intelligently.

A Last Orchard

DEVELOPMENT: A vestige of the Valley’s agricultural past — one of the last orange groves — is for sale.

DEVELOPMENT: A vestige of the Valley’s agricultural past — one of the last orange groves — is for sale.

Groundbreaking: Calabasas Hotel

Developer starts construction on Cambria-branded location.

Developer starts construction on Cambria-branded location.

Builder Garners Award for Center at City College

Lundgren Management recognized for on-campus project.

Lundgren Management recognized for on-campus project.

Two Buildings in Agoura Campus Prove Profitable

Dual transactions yield Majestic a gain of $7 million in three years.

Dual transactions yield Majestic a gain of $7 million in three years.

Preview: Valley's Last Orange Grove?

One of the San Fernando Valley’s last orange orchards is for sale with plans for development.

Affordable Apartments Proposed for Panorama City

The North Valley Area Planning Commission on Thursday will consider plans from Irvine’s Domus Development to construct a 49-unit affordable housing project in Panorama City, according to an Urbanize.LA report.

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Canoga Park Police Carnival Canceled After Businesses Complain

A swiftly canceled Los Angeles Police Department street carnival, originally slated to unfurl this week on Sherman Way from Topanga Canyon to Canoga Avenue, put members of the business community along the route on edge.

Firms Partner to Develop Thousand Oaks Senior Living Facility

Canyon Partners Real Estate LLC has provided $10.9 million of preferred equity to Griffin Living to finance the construction of an 86-unit senior living facility in Thousand Oaks.

Newbury Park Developer Gets Approval for Old Town Camarillo Apartments

The Camarillo Planning Commission has approved Lustra Development LLC’s proposed pair of two-story apartment buildings to be erected on an Old Town Camarillo parking lot.

Calabasas Hotel Breaks Ground

Ground has officially broken on the building of Cambria Hotel Calabasas – Malibu, a three-story, 125-room upscale hotel off the 101 freeway at near Agoura Road.

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NoHo Postal Facility Site Trades for $6.6 Million

An industrial property at 7025-7037 Laurel Canyon Blvd. in North Hollywood has traded for $6.6 million.

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18-Unit Glendale Multifamily Sold for $6 Million

A two-property townhome complex totaling 18 units has sold for $5.95 million, or $330,556 per unit, to an unidentified local buyer, according to brokerage CBRE Group Inc.

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Warner Center Senior Living Complex Approved

Dallas-based developer South Bay Partners has received approvals from the city of Los Angeles to create a senior living facility in Warner Center.

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Majestic Sells Last Buildings at Agoura Tech Campus for $17.7 Million

Majestic Asset Management Inc. in Van Nuys, which two years ago purchased Tech Park @ Canwood, has sold the remaining two of four buildings at the Agoura Hills creative flex campus for $17.7 million.

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Burbank’s Insomniac Games Expands Presence

Burbank-based Insomniac Games will expand its headquarters by another 11,437 square feet at the Media Studios complex.

Development Firm Buys Sherman Oaks Land Parcel for $58 Million

IMT Capital has purchased 5 acres of Sherman Oaks land for $58 million, according to CoStar data.

Car Promoter Hits Road to National Parks

VALLEY INSIDER

Travel Auto marketer visits national parks.

#30 JANE SKEETER

Special Report: WOMEN-OWNED BUSINESSES

UltraGlas Inc. Chatsworth

Magnificent Seven

VICA Business Hall of Fame 2019 honors inductees, each representing one decade in VICA’s 70 years.

VICA Business Hall of Fame 2019 honors inductees, each representing one decade in VICA’s 70 years.

Local Focus Works for Daly

DEVELOPMENT: Firm finds formula for Ventura County.

DEVELOPMENT: Firm finds formula for Ventura County.

Orange Colors the Valley With Projects

Studio has designs for Warner Center, NoHo, Woodland Hills.

Studio has designs for Warner Center, NoHo, Woodland Hills.

Talaria Project Takes Home Gold Nugget

Cusumano’s upscale apartment complex wins statewide award.

Cusumano’s upscale apartment complex wins statewide award.

Tales of Tarzan and the Legacy of Tarzana

Museum of the Valley celebrates the centennial of Burroughs’ ranch.

Museum of the Valley celebrates the centennial of Burroughs’ ranch.

Developer to Build Small-lot Homes in NoHo

Land Use Developers Corp. has filed a small-lot subdivision plan for North Hollywood with the Los Angeles Planning Department, according to an Urbanize.LA report.

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Auto Repair Chain Buys Moorpark Warehouse for $10 Million

A local tire shop chain has bought a nearly 70,000-square-foot industrial building in Moorpark for $10.2 million.

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