Michael Aushenker

Staff Reporter

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

Recent Stories

Marvel Comics' Stan Lee Dies at 95

Stan Lee, who with a stable of comic book artists co-created the Marvel Comics characters currently fueling a cinematic universe which has already grossed nearly $20 billion for parent company Walt Disney Co., died Monday in Los Angeles at Cedars-Sinai Medical Center.

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Developer Plans Multifamily in Sun Valley

Developer GATA Woodley LLC has filed an application with the Los Angeles Department of City Planning to develop a vacant lot in Sun Valley for a multifamily project.

Uncommon Calabasas Development Turns 20

Retail: Caruso’s shopping center has become city’s de facto town square.

Commons success

Housing Slowdown?

Residential: Brokers and data point to a cooling market for homes in the Valley region.

Is the home-buying market softening?

Anchor Loans Navigates House-Flipping Waters

If you’re looking to re-sell a residential property and you need a bridge loan to renovate the house, who are you going to call?

Dealing’s Done At Charles Dunn

Real Estate: Firm abruptly closes brokerage operation.

Charles Dunn Co. Inc. closes brokerage operations.

Brokers Form Apartment Advisors Team Under Marcus & Millichap Banner

Marcus & Millichap Inc. brokers Filip Niculete and Glen Scher have formed Los Angeles Apartment Advisors, a team focused on selling multifamily properties at the Calabasas-headquartered firm.

Glendale’s Onyx Complex Sells for $86 Million

An undisclosed institutional buyer has acquired the Onyx, a mixed-use property in Glendale, for $86.2 million.

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Valencia Landscaping Company Expands Into Nevada

Landscape Development Inc. announced that its maintenance division, Enhanced Landscape Management, has completed the asset purchase of Las Vegas-headquartered NewTex Landscape Inc.

Blumenfield Concerned Over Lack of Affordable Housing in Warner Center

Since the Warner Center 2035 Specific Plan launched in late 2013, there has been a burst of multifamily development, but now a principal author of the plan wants to fix its approach to affordable housing.

PS Business Parks Sells Orange County Office Complex

PS Business Parks Inc. has completed the sale of an Orange County office park to an undisclosed buyer.

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Construction Starts on Toluca Lake Apartment Complex

Construction has begun on Frost-Chaddock Developers’ multifamily complex in Toluca Lake, where a promised five-story building with 96 units are in progress, per an Urbanize.LA report.

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Charles Dunn Co. Closes Brokerage Business

In a memo to staff and agents, Charles Dunn Co. Inc. gave notice Wednesday that the company’s brokerage business was folding.

Colliers Brokerage Team Moves to NAI Capital

A top team of Colliers International brokers has joined NAI Capital.

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Hilton Universal City Owner Revises Expansion Plan

Sun Hill Properties Inc., owner of the Hilton Los Angeles/Universal City, have unveiled revised plans for construction of an additional tower to the hotel adjacent to the Universal Studios theme park.

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T-Cell Technology Tips Scales in Atara’s Favor

BIOTECH: Westlake Village startup’s shares gain 78 percent so far this year.

Investors buy into Atara’s T-Cell technology.

Office Vacancy Trends Down in Last Year

Statistics point to tightening office market.

Pampering Tenants

From playrooms to boardrooms, landlords roll out the amenities

Valley landlords offer office amenities.

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The Number

The real estate, insurance and entertainment industries collide in Billy Wilder’s movie “Double Indemnity,” which turns 75 in 2019.

Has Retail Reached Bottom, Started Rebound?

Brokers see low vacancy, neighborhood selectivity at Valley shopping centers.

Brokers bullish on Valley shopping centers.

Preview: Office Extras

While a Keurig machine that perks a hot cup of coffee from pods of Starbucks’ Veranda Blend is nice, that perk is just the beginning in today’s market, as the workplace experience has become a high priority.

Santa Clarita Touts Arts, Business at State of City

The city of Santa Clarita held its annual State of the City address Thursday at the Hyatt Regency Valencia, and it was no doubt the first such banquet function to come with its own historical coloring book.

Westlake Medical Plaza Purchased for $5.6 Million

Westlake Medical Plaza in Thousand Oaks has sold for $5.6 million, or $260 per square foot, according to CoStar Group.

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Warner Center Marriott Bought by HEI Hotels

Warner Center Marriott in Woodland Hills has been sold for an undisclosed price to HEI Hotels and Resorts, according to a Valley Vantage report.

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Simi Valley’s SkateLab to Shutter After Falling Out Between Founders

Longtime indoor skateboard park and museum SkateLab will close after a 21-year run in Simi Valley following a falling out between its founders in early October, according to a Ventura Star report.

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Laemmle Breaks Ground on Newhall Cineplex

Construction has officially begun in Santa Clarita on Laemmle Newhall 7, an upscale movie theater at the corner of Main Street and Lyons Avenue, on what has become known locally as the Redevelopment Block in Old Town Newhall.

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Coldwell Banker to Open New Calabasas Office

Coldwell Banker Residential Brokerage has opened a new office in Calabasas headed by Branch Manager Steven Heravi.

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Nutritional Supplement Maker Leases 112,000 Square Feet in Valencia

Lief Organics has leased nearly 112,000 square feet at a newly renovated Rexford Industrial facility in Valencia for its corporate headquarters, manufacturing plant and distribution center.

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Finance Crunch For Elder Care

LIST: Facilities seek donors to make up shortfall.

Senior living facilities face a cash shortage.

Economist Sees Home Prices Limiting Growth

RESIDENTIAL: Population set to expand with new units in Santa Clarita and L.A.

Economist gives midyear regional report.

Retail Revisited

Westfield Topanga renovation part of larger Warner Center strategy

A $70 million renovation of Westfield's Topanga Mall is one part of the company's plan for its centers in Woodland Hills, which have total sales of $1 billion.

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Fernando Award Ceremony Crowns Bill Allen, Adds Honors

Besides namesake prize, new Impact and International awards were given at event that pays tribute to volunteerism

Bill Allen wins 60th annual Fernando Award.

Copycats Get Inspired by Kinko’s CEO

Paul Orfalea speaks at Cal Lutheran event for entrepreneurs.

Kinko’s founder talks business at Cal Lutheran.

Garcetti Talks Future at UCC Luncheon

Social: Remember ‘Brady Bunch?’ Mayor says Valley still bastion of middle class.

Mayor Eric Garcetti talks about middle class.

Wells Fargo Names Head Banker for Valley Region

Robin Choi has been named regional bank president to lead Wells Fargo in the San Fernando Valley, effective Oct. 22.

Bank of Santa Clarita Reports 71 Percent Earnings Growth

Bank of Santa Clarita’s third-quarter earnings totaled $914,000, representing a 71 percent growth year-over-year, the company announced Thursday.

Preview: Retail Revisited

Westfield Topanga renovation part of larger Warner Center strategy.

Developers Seek to Create Mixed-Use Complex in Panorama City

A proposed mixed-use apartment building would replace an existing commercial building in Panorama City, according to plans filed Oct. 4 with the city of Los Angeles.

Woodland Hills Warehouse Sold With Eye Toward Multifamily Development

An 11,880-square-foot warehouse in Woodland Hills has traded hands for $4.2 million, or $350 per square foot, and the new owners want to convert the distribution center into multifamily housing, according to brokerage NAI Capital.

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Fernando Award Honors Bill Allen, Adds New Categories

Los Angeles County Economic Development Corp. Chief Executive Bill Allen won the 2018 Fernando Award at a ceremony on Saturday night.

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Labor Commissioner's Office Fines NoHo Restaurant

The California Labor Commissioner’s Office has cited three Southern California restaurants for more than $1 million in wage theft violations, with the heaviest fine on a North Hollywood-based Thai restaurant. Labor Commissioner Julie Su ordered Sanamluang Cafe to pay nine workers $708,457 in lost wages and break period restitution.

Garcetti Discusses Olympics, Valley’s Middle-Class Future in Luncheon Speech

Los Angeles Mayor Eric Garcetti addressed the economics of the middle class and the 2028 Olympics in his keynote speech at the 14th Annual Richard Leyner Mayor’s Luncheon on Friday in Woodland Hills.

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Trader Joe’s Supermarket Opens in Calabasas

A new Trader Joe’s supermarket has opened in Calabasas.

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Proposed 7-Eleven Evokes NIMBY Pushback in Thousand Oaks

An incoming 7-Eleven store on a neglected parcel across the street from Thousand Oaks High School has raised the ire of some residents in the bedroom community.

Fabric Company Buys Burbank Warehouse for $4.3 Million

Burbank-headquartered Alexander Henry Fabrics Inc. has purchased a local warehouse for $4.3 million, or $287 per square foot, according to NAI Capital, which helped broker the sale.

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Long-delayed North Hills Project Steps Forward

Land Development & Associates has revived a long-dormant project in North Hills.

Warner Center Multifamily Complex Sells for $93 Million

Carillon Apartment Homes, a class A, 264-unit multifamily property in Woodland Hills, has sold for $93 million or $352,272 per unit.

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Savvy Decisions Pay for Brokers

LIST: Firms find ways to stand out in competitive sector.

Real estate pros find ways to grow.

Fast-Track Designer

James Heimler has knack for quickly drawing architectural plans for a variety of buildings types in the Valley.

Architect James Heimler designs a variety of building types.

A Tale of Two Cowboys

A nostalgic-minded son ran a steakhouse as a tribute to his father ‘Crash’ Corrigan, a stuntman for Western movies.

Recall the Old West at Corrigan’s Steakhouse.