All results / Stories / Michael Aushenker
The Tri-County Chamber Alliance has voiced its support for a movement to see Ventura, Santa Barbara and San Luis Obispo counties become their own region for COVID-19 regulation.
LIST: Landlord reps worry December lockdown may undo rent collection gains.
Since the economy bottomed out last spring, rent collections at malls and other retail centers in North Los Angeles have seen monthly incremental hikes as landlords and tenants engage in a delicate dance of payment agreements.
Mountain View Manor in Sylmar hosts 200 units.
Positive Investment has closed one of the largest 2020 deals in Los Angeles with its purchase of the Mountain View Manor apartments at 12960 Dronfield Ave. in Sylmar, where 200 units traded for $29.4 million, or $147,000 per unit.
DEVELOPMENT: Another office building is latest deal between financier Blackstone and developer Jeff Worthe.
Call it a “towering achievement.”
Project will add 800,000 square feet of office space to Burbank market.
Warner Bros. Entertainment has experienced a lot change this year, from the launch of HBO Max in May to layoffs in the summer and fall to the delay on releasing films to theaters.
Industrial development attracts entertainment, e-commerce to Santa Clarita Valley.
Joint developers Trammell Crow Co. and Clarion Partners LLC saw a series of deals during the year at Center at Needham Ranch, with two new high-profile occupants coming onboard last month.
DEVELOPMENT: Westfield will move forward gradually in Woodland Hills.
Shortly after Promenade 2035 – the $1.5 billion overhaul of mostly dormant Westfield Promenade shopping mall in Woodland Hills — got final approval last month, the developer decided to wait to start construction.
California Resources Corp. announced Monday that Chief Executive Todd Stevens will leave the company on Dec. 31 after a six-year run.
A property that served as the longtime host of a Coco’s restaurant has sold for $3.28 million in Calabasas.
Rexford Industrial Realty Inc. has acquired an industrial property portfolio in the Van Nuys Airport Industrial Center for $154.6 million.
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.
Rexford pays $155 million for complex in Van Nuys.
Warehouses near the San Fernando Valley’s airports have become a hot commodity, as underscored by last month’s deal in which Brentwood-based Rexford Industrial Realty Inc. acquired a massive industrial portfolio at the Van Nuys Airport Industrial Center for nearly $155 million.
A mixed-use residential project has been proposed for Lake Balboa. The four-story apartment building, which will house 39 one- and two-bedroom units, would rise on a nearly half-acre property at 17630 Sherman Way.
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.
Westfield’s former senior vice president starts his own real estate investment fund.
Larry Green, the former vice president of Unibail-Rodamco-Westfield, has formed his own company L. Green Investment and Development in Calabasas.
A 75-acre parcel of land at Sakioka Farms Business Park in Oxnard has sold to serve as the future site of a distribution site for e-commerce giant Amazon.com Inc.
Three of 2020’s five biggest office leases in Greater Los Angeles occurred in the San Fernando Valley.
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.
Public Storage, the Glendale-based developer and operator of self-storage properties, has closed the first phase of its acquisition of the Beyond Self Storage portfolio for $528 million.
Audio company extends 164,000-square-foot lease.
Harman International has signed a 164,000-square-foot lease extension in The Mix at Harman campus at 8500 Balboa Blvd. in Northridge.