All results / Stories / Michael Aushenker
The Canadian owner of the Mall of America is negotiating to buy one of the largest redevelopment sites in Los Angeles: the former rocket-engine manufacturing site of Aerojet Rocketdyne, according to CoStar Group.
Institutional Property Advisors, a division of Marcus & Millichap Inc. in Calabasas, announced Wednesday that Edmonton, Alberta-based multifamily investment advisory team Bradley Gingerich, Paul Chaput, Bradyn Arth and Jane Woertman have joined the 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.
Chinese investment in U.S. real estate last year declined by more than half, according to a Cushman & Wakefield report.
BLDG Partners has purchased 52 remaining live-work units at the Universal Lofts complex in Studio City in a $39 million acquisition, according to the Real Deal.
In Camarillo, a 213-apartment complex known as Las Positas has garnered $95.75 million, or $449,530 per unit.
REAL ESTATE: Entrepreneurs disrupt brokerage business.
How proptech is changing the way people buy a new home.
A Van Nuys warehouse that is home to ice manufacturers has sold for $2.9 million (or $202 a square foot) in a deal closed Feb. 21, according to CoStar Group.
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.
Beacon Capital Partners will buy the 22-story office tower that once served as the U.S. headquarters for Nestlé from Piedmont Office Realty Trust for a reported $160 million, or $303 per square foot.
MARKETING: COVID-19 deepens brokers’ utilization of video technology.
Coronavirus pandemic spurs the popularity of using technology to visit rental spaces virtually.
Commercial real estate brokerage Lee & Associates-LA North/Ventura has promoted four agents to principal status, growing its team of senior brokers to 29.
Calabasas-based Marcus & Millichap has announced the sale of 2387 Florencita Dr. in Montrose for $3.3 million.
Los Angeles-based MWest Holdings has acquired Sunset Gardens, a 42-unit townhome community in Canoga Park, for $12 million, according to the company.
Fry’s Electronics permanently closes but leaves a legacy of thematic store design.
REAL ESTATE FOCUS
A Newport Beach firm has acquired its first Los Angeles County homesite with the goal of bringing 50 luxury homes online in Chatsworth by next year.
Carillon Apartment Homes, a class A, 264-unit multifamily property in Woodland Hills, has sold for $93 million or $352,272 per unit.
Montecito-based Levine Family Properties LLC is proposing to create a 244-unit development at 21201 W. Victory Blvd. in Woodland Hills.
OUTLOOK: New hospital projects, industrial sites, to stimulate growth.
A booming 2018: That’s the trajectory for Santa Clarita as it continues growth in all sectors.
Office vacancy loosened to 17.4 percent, a significant uptick from 13.9 percent the previous quarter.