All results / Stories / Michael Aushenker


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.

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A Retail Short Circuit

Fryโ€™s Electronics permanently closes but leaves a legacy of thematic store design.

REAL ESTATE FOCUS

Conejo Valley

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

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.

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Residential Brokerโ€™s Side Hustle: Insurance

Eli Tene of Century 21 Peak in Woodland Hills looks to cross sell coverage to clientele of new homeowners.

Peak Entities adds insurance to its portfolio of real estate-related businesses.

NFL Star Launches Upscale Card Shop

Westlake Village store sells Magic: The Gathering, Pokemon products.

From pigskin to Pokemon: Pro football player Cassius Marsh has a new game โ€“ a new card shop in the Conejo Valley.

Gelt Buys Oregon Multifamily for $30 Million

Tarzana-based real estate firm Gelt Inc. has made a $30 million investment in Gresham, Ore. with the acquisition of Silverwood Apartments.

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Watermark Lands $83 Million Bridge Loan

Tarzanaโ€™s Gelt and partner Uhon secure financing for nearly complete 250-unit development in Reseda.

Watermark has hit its mark with bridge financing.

Large Companies Learn to Ratchet Up Growth

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

Itโ€™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.

Santa Clarita May Purchase Struggling Ice Rink

A glimmer of hope continues to sparkle for the embattled Valencia Ice Station as the Santa Clarita City Council is considering a rescue of the 93,000-square-foot ice skating rink โ€” a 20-year-old local institution that has been put on ice since the coronavirus outbreak in March.

AROUND THE VALLEYS

The U.S. Supreme Court declined to hear Novartis AGโ€™s appeal of a lower courtโ€™s decision, allowing locally based pharmaceutical giant Amgen Inc. to keep its patent protection for the rheumatoid arthritis drug Enbrel until 2029.

Equipment Maker Buys Valencia Building for $4.7 Million

A 21,164-square-foot industrial building in the Valencia Business Center has sold to Versatile Systems, which makes roof safety equipment.

$26M for 97 Apartments

Sussex Capital buys Mountain View Manor in Chatsworth.

Woodland Hills-based Sussex Capital Group has purchased Mountain View Manor Apartments

Preview: Residential Rebound

September marks Valley's highest monthly home sales since June 2018.

Texas-Sized Acquisition

Marcus & Millchap buys LMI Capital in Houston.

Marcus & Millichap Inc. has acquired Houston-based LMI Capital.

Law Firm Buys Valley Village Office

At $5.3 million, location offers โ€˜value appreciation.โ€™

The gavel has come down on an office building in Valley Village. Alder Law, a Los Angeles-based legal firm, has purchased the building at 12800 Riverside Drive for $5.3 million, or $266 per square foot, according to brokerage CBRE Group.

Signage Company Inks 10-Year Lease in Burbank

Los Angeles-based printer Front Signs has signed a 10-year-lease to occupy a 24,468-square-foot portion of the 67,456 square foot multitenant warehouse at 3520-3560 Valhalla Drive in Burbank.

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Glendale Man Sentenced for Credit Card Fraud

A Glendale man on Tuesday was sentenced to 84 months in federal prison after pleading guilty to running a series of credit card scams which defrauded over 20 banks out of nearly $5 million.

Santa Clarita Valley

Office vacancy rose in the quarter to 17.5 percent โ€“ the highest rate in a year.

Valencia Atrium Office Building Sells for $15 Million

Valencia Atrium, a three-story office building in Santa Clarita, has sold for $15 million.

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