All results / Stories / Michael Aushenker


Black ENTREPRENEURS MONTH: Laurent ‘Lou’ Correa  Lou, the French on the Block

4007 W. Riverside Dr., Burbank  Business: French bakery (747) 241-8205 • Website: Louthefrenchontheblock.com

AROUND THE VALLEYS

A 221,842-square-foot industrial facility committed to Amazon.com Inc. has sold for $74 million, or roughly $334 per square foot.

Black Entrepreneurs Month: Justine Belyeu

As nonessential businesses under the state’s COVID-19 regulations, hair salons have been at least as vulnerable as restaurants and bars during these pandemic times.

Preview: Disney Downsize

Walt Disney Co. is now a streaming business. So how will this switch impact the Tri-Cities’ commercial real estate sector?

NewMark Merrill Hires Six Executives

NewMark Merrill Cos., a shopping center owner, has grown its executive team by six with a half-dozen outside hires brought aboard to meet demand as the retail sector opens post-pandemic.

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Property Optimist

PROFILE: Rickey Gelb discusses how his real estate management firm has boomed this year.

Real estate manager Rickey Gelb discusses his pandemic experiences.

Black ENTREPRENEURS MONTH: Melissa Hanna Mahmee

Sherman Oaks Business: App that advises new mothers (818) 431-1118 • Email: hello@mahmee.com Website: Mahmee.com

Black ENTREPRENEURS MONTH: Louis Perry Kadima Security Service Inc.

6345 Balboa Blvd., Encino Business: Building and personal security services (213) 688-3019 • Email: lperry@kadimasecurity.com  Website: kadimasecurity.com

Cushman & Wakefield Opens First North L.A. Office

Real estate brokerage Cushman & Wakefield Pacific has opened an office in Santa Clarita.

Disney Downsize

Restructuring opens office space, but streaming service may fill it.

Walt Disney Co. is now a streaming business.

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A Retail Short Circuit

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

REAL ESTATE FOCUS

Landlords Face Rent Shortfall

REAL ESTATE: Owners seek to negotiate if tenants can’t pay.

Deferred payments. Percentage rents. Back-end lease extensions.

Holistic Life Consultant

Fatima Bustos-Choy helps clients ‘live their purpose’ and make career changes.

Fatima Bustos-Choy founded WholeMind Power Consulting to act as a spiritual guide for people looking to make profound and sustainable lifestyle changes.

Reconfiguration of the Retail Sector in T.O.

Broker sees shopping centers transmuting, not dying.

While the “retail apocalypse” became a common chorus pre-pandemic due to the dominance of Amazon.com Inc.-led e-commerce — a phenomenon which only accelerated in the San Fernando and Santa Clarita Valleys in 2020 during lockdown — one high-powered broker said that store spaces and properties are giving way to other types of tenants and usages.

City Council Approves Promenade 2035 in Woodland Hills

Los Angeles City Council voted Wednesday to approve the huge and long-deliberated Unibail-Rodamco-Westfield project Promenade 2035 at Warner Center.

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Pandemic Doubts

REAL ESTATE: Cancellation of Patios Connection at Westfield Valencia Town Center has implications for mall sector.

Mall owner Westfield’s parent company has decided to divest itself of U.S. holdings after a disastrous year for retail.

Industrial Logs Strong Quarter, More Ahead

New Colliers team talks about deals and optimism for 2021.

The surprise sector of 2020 continues to deliver big paydays.

Brokers’ Boss

Richard Matricaria, new chief operating officer for the western U.S. at Marcus & Millichap, talks about the big picture for commercial real estate.

An interview with Richard Matricaria. the new chief operating officer for the western states at Marcus & Millichap Inc.

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.

Valley Historian

PROFILE: PR professional Martin Cooper has embarked on a new book about filmmaking on this side of the hill.

Public relations veteran and historian Marty Cooper discusses Valley film production.