All results / Stories / Michael Aushenker


Valley Economic Alliance Recommends Changes to L.A.’s Building Permit Process

The Valley Economic Alliance has presented 13 recommendations for permit reform to the city of Los Angeles in an effort to streamline the current real estate development and building process.

Camarillo Apartment Complex Sells for $96 Million

In Camarillo, a 213-apartment complex known as Las Positas has garnered $95.75 million, or $449,530 per unit.

Tease photo

Large Companies Learn to Ratchet Up Growth

LIST: Expansion at scale occurs in essential sectors such as tools and trucking.

It’s a major milestone for small businesses to execute a strategy for fast growth, but large companies in the Valley have learned to grow at double-digit rates despite their bulk.

Gelt and Uhon Secure $83 Million Bridge Loan for Watermark Project

Real estate developers Gelt Inc. and Uhon have secured $83 million in bridge refinancing on behalf of its joint venture The Watermark Apartments in Reseda.

Tease photo

Watermark Lands $83 Million Bridge Loan

Tarzana’s Gelt and partner Uhon secure financing for nearly complete 250-unit development in Reseda.

Watermark has hit its mark with bridge financing.

Not Much Vacancy at Newhall Crossings

Residential component rents all apartments – but adjacent movie theater remains empty in pandemic.

It was supposed to be a summer 2020 celebration β€” the simultaneous ribbon-cutting of the mixed-use residential and retail complex Newhall Crossings and a brand new, seven-screen Laemmle Theatres arthouse cinema was going to usher in a new commercial enterprise in the heart of Newhall that has been under construction since 2018.

Pair of Warehouses Near Van Nuys Airport Sell for $3.7 Million

Two separate freestanding warehouses within the Van Nuys Airport Corridor have sold for a combined $3.7 million.

Tease photo

Conejo Valley

Office vacancy loosened to 17.4 percent, a significant uptick from 13.9 percent the previous quarter.

Three Counties Explore Forming Separate COVID-19 Region

Ventura, Santa Barbara and San Luis Obispo counties intend to petition the state to form a separate Central Coast region for the purpose of coronavirus pandemic regulation.

Amgen Adopts Permanent Remote Work Policy

Newbury Park-based pharmaceuticals company Amgen will make working from home a permanent policy for much of its international workforce, including locally.

Performance Venues in Second Year of Shutdown

LIST: For live entertainment planners, uncertainty remains the looming challenge.

Local performing arts and cultural centers – unable to stage concerts or invite audiences to see plays – have felt the brunt of the pandemic.

Simi Valley Apartments Underway

USA Properties Fund breaks ground on 311-unit project.

USA Properties Fund has started construction on a pair of apartment projects in Simi Valley totaling 311 units, a combination of market rate and affordable senior housing.

Developer Breaks Ground on 311 Units in Simi Valley

USA Properties Fund has started construction on a pair of apartment communities in Simi Valley totaling 311 units; a combination of market rate and affordable senior units.

LegalZoom Looks for Subscription Revenue

LAW: Executive team from Intuit tries to duplicate the TurboTax success model.

Former Intuit Execs at LegalZoom.com Inc. trying to recreate success of TurboTax.

A Retail Short Circuit

Fry’s Electronics permanently closes but leaves a legacy of thematic store design.

REAL ESTATE FOCUS

Acquisition of Shipping Firm

FULFILLMENT: Moulton Logistics bought by East Cost Firm.

β€œBut wait – there’s more!” The memorable catchphrase from direct response television ads is part of the culture at Moulton Logistics Management Inc., which for years worked in conjunction with pitchman Ron Popeil.

β€˜Workin’ Mom’ Has Juggled Dual Career

Compass Sherman Oaks agent Jessalyn Wanlim mixes residential real estate with role in a Netflix series.

Sherman Oaks agent Jessalyn Wanlim juggles real estate career with acting.

Preview: A Legal Delay for Centennial

Judge orders rewrite on Tejon Ranch project.

$81 Million Residential Project Breaks Ground in Lancaster

USA Properties Fund has just broken ground on an $81 million, 264-unit development in Antelope Valley.

Tease photo

Ventura County Economy Faces Slow Recovery

Upshot of the annual California Lutheran University economic forecast for Ventura County by economist Mathew Fienup.