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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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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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 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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Preview: Residential Rebound

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

Law Firm Buys Valley Village Office

At $5.3 million, location offers β€˜value appreciation.’

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.

$22 Million Buys Sylmar Business Park

Rexford Industrial Realty plans for redevelopment.

Rexford Industrial Realty has purchased an industrial park in Sylmar for $22 million, according to a statement from real estate brokerage Newmark.

Rexford Buys Sylmar Property for $42.6 Million in Portfolio Deal

As part of a two-property transaction, Rexford Industrial Realty Inc. has acquired a Sylmar property at 13943-13955 Balboa Blvd. for $42.6 million.

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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Law Firm Buys Valley Village Office Building for $5.3 Million

An office building in Valley Village has been purchased by Alder Law, a Los Angeles-based legal firm, for $5.3 million, or $266 per square foot.

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Rexford Buys 18 Buildings Near Van Nuys Airport for $155 Million

Rexford Industrial Realty Inc. has acquired an industrial property portfolio in the Van Nuys Airport Industrial Center for $154.6 million.

Westlake Village Office Building Bought for $8.7 Million

A 45,464-square-foot office building in Westlake Village has sold in an off-market deal for $8.67 million.

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Apple Tree’s Seed Money

Tax credit helps buy, rehab low-income apartments.

Hunt Capital Partners announced in November that it had closed a $13.7 million federal low-income housing tax credit equity financing for the acquisition and rehabilitation of Apple Tree Village.

Residential Rebound

REAL ESTATE: Homebuyers pounce on low mortgage rates to move into suburban markets.

A combination of low interest rates, people working remotely and children learning at home may have contributed to the biggest rise in home sales in the Valley region in September in over two years, according to real estate agents.

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Developers Find Fresh Land in Camarillo

DEVELOPMENT: City has retail and residential projects in development.

A two-hotel and restaurant/retail complex, a subdivision with 158 single-family homes and a massive industrial park are among the real estate ventures underway right now in the city of Camarillo.

Chamber Talks Homebuying in 2020

Low interest rates, equity make it a buyers’ market.

Capitalizing on a third-quarter residential real estate boom, Van Nuys-based Filipino-American Chamber of Commerce held its annual real estate panel on Oct. 21.

Developer Plans Five-Story Multifamily Complex in Canoga Park

Developer Alliant Strategic has proposed a five-story multifamily complex to replace an existing office building in Canoga Park.

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PaymentCloud

PaymentCloud

While 2020 has slowed down many businesses, the clouds may be the limit for Sherman Oaks-based PaymentCloud.