Michael Aushenker

Staff Reporter

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

Recent Stories

Ventura’s Economy Looks Stubbornly Dire

Report delivers zero-growth forecast for county.

Ventura County’s economic outlook is dire as residents move out and development remains static, says economist Matthew Fienup.

Calabasas City Council Puts Housing Project on Ballot

Following a contentious meeting Thursday night, the Calabasas City Council decided by a 3-2 vote to put a proposal about adding 11 buildings with 161 affordable housing units on the ballot for city voters next March.

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Tarzana Car Wash and Falafel Stand Make Way for Apartments

Crazy Falafel, a popular falafel and kabob stand, and its host business Crazy Car Wash in Tarzana will be demolished to make space for 59 apartments after receiving Los Angeles City Council’s approval.

Mission Oaks Corporate Center Sells for $11 Million

Mission Oaks Corporate Center, a flex industrial building located at the Mission Oaks Business Park in Camarillo, has sold for $11 million.

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Eight Glendale Warehouses Sell for Nearly $26 Million

Pacific States Box & Basket Co. Inc. has sold a portfolio of eight Glendale industrial buildings totaling 131,050 square feet for $25.5 million.

Valley’s SRG Merges into Squar Milner Accounting Firm

Squar Milner, one of the largest independent accounting firms in California, announced Friday that it will be combining with Woodland Hills-based SRG, making Squar Milner the third largest accounting firm in the San Fernando Valley area.

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Developer Seeks to Clear Panorama City Warehouses for 239 Senior Units

USA Properties Fund Inc. has proposed to replace 2.2 acres of industrial facilities in Panorama City with 239 units of senior apartments.

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Economist Recommends Housing to Correct Ailing Ventura County Economy

Matthew Fienup, executive director of the Center for Economic Research and Forecasting at California Lutheran University, shared his annual breakdown of the dynamics affecting the economy on the national, state and Ventura County levels.

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Monster Beverage Buys San Fernando Site for $33.7 Million

Monster Beverage Corp. has purchased an industrial property at 510 Park Ave. in the city of San Fernando for $33.7 million.

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Fill-in for NoHo’s Tight Home Scene

Verono Homes project makes most of small-acreage parcel.

Outline at NoHo has jumped categories from contour into full-scale in-fill.

Warner Center Fry’s a Most Extraordinary Commercial Sale

Electronics retailer’s Woodland Hills property sells to BLT Enterprises for $35 million.

Warner Center parcel with Fry’s Electronics sells for $35 million to BLT Enterprises.

Odd Parcel Ace

DEVELOPMENT: In a price-escalating real estate market, Ash Joshi has a knack for identifying leftover land and repurposing it.

In price-escalating market, Ash Joshi has a knack for identifying leftover land and repurposing it.

Six Valley Leaders Win Arabian Award

Frankie Avalon honored in Woodland Hills ceremony.

Six local leaders receive Arabian Public Service Awards.

Can Land Trust Fix Housing?

REAL ESTATE: Economist, ex-editor address affordability.

Economist, former newspaper publisher team up to start a trust to address Ventura County’s housing shortage.

Joint Venture to Build 26 Homes in Valley Village

IHP Capital Partners and Williams Homes have formed a joint venture to create 26 small-lot homes on a U-shaped site at the intersection of Hermitage Avenue and Weddington Street in Valley Village.

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NewMark Merrill’s $175 Million Shopping Spree

Acquisition of small malls fuels expansion at retail real estate developer.

NewMark Merrill Cos. owns and runs shopping centers throughout the Golden State and elsewhere.

Hub101 Hosts Panel on Cybersecurity

The School of Management at California Lutheran University in Thousand Oaks hosted the event “Cybersecurity – a Boardroom Topic” at Cal Lutheran’s Hub101 startup coworking incubator facility in Westlake Village.

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Simi Valley Biotech Building Sells for $11 Million

A 60,416-square-foot research and development building at 685 E. Cochran St. in Simi Valley has traded for $11 million.

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North Hills Apartment Building Sells for $5.5 Million

A 30-unit multifamily sale in the North Hills submarket has sold for $5.48 million, according to Lee & Associates-LA North/Ventura.

Arts District to See 60 NoHo Units

The Art Set Apartments will go up about a half mile from Metro's North Hollywood Station, according to an Urbanize.LA report.

43-unit Apartment Complex in North Hills Sells for $16.3

Burnet Townhomes, a 43-unit multifamily complex in North Hills, has sold to a private investor for $16.3 million.

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Gelt Pays $61 Million for Denver Apartment Complex

Gelt Inc. has acquired the Timber Lodge apartment complex outside Denver.

Mixed-Use Project to Rise in Van Nuys

A commercial property at the northeast corner of Van Nuys Boulevard and Kittridge Street in Van Nuys has been approved for a mixed-use project, per an Urbanize.LA report.

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Affordable Housing Developer to Bring 356 Units to North Hills

Meta Housing Corp. is seeking to acquire a North Hills property for the purpose of developing 356 units of affordable rental housing.

Business Journal Honors Fastest Growth Companies

The Business Journal honored the 50 Fastest Growing Private Companies in the Valley region on Tuesday, with Encino-based Caulipower Inc. named as the top company on the annual list.

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Two-Building Apartment Complex in Sherman Oaks Sells for $29 Million

An 88-unit apartment complex in Sherman Oaks, known as the Cambridge Apartments, has sold for $29.4 million.

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Where Biotechs Go to Start Up

Real estate developers want to create a biotech community in Conejo Valley.

Focus on East Valley Offices, Industrial Sites

Special Report: Real Estate Quarterly

Lower vacancy in Burbank, Glendale; warehouse dearth.

Real Estate Quarterly

Special Report: Real Estate Quarterly

Real estate submarket information

Refreshing CityWalk

Special Report: Real Estate Quarterly

A pioneer of experiential retail, Universal’s outdoor mall has learned to change with the times.

Can Coworking Survive the WeWork Debacle?

Special Report: Real Estate Quarterly

Experts say office trend is bigger than one company.

1,200 Hearty Eaters Try Taste of Conejo

Exhibitors hustle to connect with potential new customers.

Exhibitors hustle to connect with potential new customers.

Preview: CityWalk: Next Step

Even the pioneer of theme retail must adjust to a changing market.

Economists Forecast Solid But Softening 2020 at VICA Conference

The news was muted yet hopeful from the Business Forecast Conference presented by Valley Industry & Commerce Association Friday morning at the Universal Hilton in Universal City.

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Business Leaders Join Greater Conejo Chamber Board

Greater Conejo Valley Chamber of Commerce Board Chairman Don Phillipson has announced the election of a dozen new members of the organization’s board of directors.

Netflix Leases 60,000 Square Feet at Burbank Studios

Netflix Inc. has leased up to 60,000 square feet at Burbank Studios, according to CoStar News.

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Disney Animation Reclaims Space in Burbank Building

Entertainment giant Walt Disney Co. has signed a lease to expand into The Tower — six years after having vacated floors at the Burbank building.

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Landscaper Pays $3 Million for NoHo Warehouse

Tropical Creations Landscape Contractors has purchased a 10,221-square-foot industrial building at 12610 Saticoy St. South in North Hollywood for $3 million.

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Universal CityWalk Adds NBC Sports Grill & Brew to Tenant Mix

Universal CityWalk announced Tuesday that NBC Sports Grill & Brew, a sports-dining establishment, will open at the retail center in 2020.

Conejo Chamber’s Annual Taste Festival Draws 1,200

The Greater Conejo Valley Chamber of Commerce sold some 1,200 tickets for the 10th Annual Taste of Conejo event, held Friday at Four Seasons Hotel Westlake Village.

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Security Looms Large for CSUN’s Jewish Center

DS Honda Construction contractor on Hillel overhaul.

DS Honda Construction contractor on Hillel overhaul.

CSUN Campus Hotel

University plans to build 149-room Hilton Garden Inn

University plans to build 149-room Hilton Garden Inn

Healthy Retail Center Tries Market in Calabasas

Lifestyle-leaning Las Virgenes looking for specific tenant mix.

TENANTS New retail center tries the market in Calabasas.

Councilman Seeks to Halt Project

Lee wants to avoid housing near Aliso Canyon leak site.

Lee wants to avoid housing near Aliso Canyon leak site.

Jafra HQ in $28M Sale, Leaseback

Cosmetics company to remain in Westlake Village.

Cosmetics company to remain in Westlake Village.

A Last Resort?

DEVELOPMENT: An open space designation divides the sides over the future of Sand Canyon Country Club in Santa Clarita.

DEVELOPMENT Santa Clarita residents push back against resort project.

Commercial Developments Near Saddleridge Blaze Safe for Now

There has been no damage reported to business and industrial complexes in the communities near Porter Ranch, site of the Saddleridge Fire, which erupted shortly before 10 p.m. on Thursday near the 210 freeway.

Limoneira Peels Off Santa Maria Property for $2.9 Million

Limoneira Co. has sold a non-core real estate asset called the Terraces at Pacific Crest in Santa Maria for $2.9 million.

Marcus & Millichap Acquires Vancouver Firm

Calabasas-based national brokerage firm Marcus & Millichap Inc. has announced that it acquired Form Real Estate Advisors Inc., a commercial real estate services firm in Vancouver, British Columbia, that specializes in retail transactions and advisory services.

Van Nuys Apartment Building Sells for $18.8 Million

Woodman Park Apartments, a 75-unit multifamily property located at 6205 Woodman Ave. in Van Nuys, has sold for the first time in more than 30 years for nearly $18.8 million.