All results / Stories / Michael Aushenker


Preview: Residential Rebound

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

Three Counties Explore Forming Separate COVID-19 Region

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.

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.

Tease photo

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.

Tease photo

Blackstone, Worthe to Develop Burbank Office Tower

A joint venture between Blackstone Group and Worthe Real Estate Group will develop an office tower totaling 500,000 square feet.

CBRE to Relocate Headquarters to Dallas

The Business Journal has confirmed multiple media reports that commercial real estate brokerage CBRE plans to move its headquarters from Los Angeles to Dallas.

Tease photo

Warner Bros. Modernizes Lot With Icebergs

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.

Ventura County Economy Faces Slow Recovery

Upshot of the annual California Lutheran University economic forecast for Ventura County by economist Mathew Fienup.

Promenade Pullback

DEVELOPMENT: Westfield will move forward gradually in Woodland Hills.

Shortly after Promenade 2035 โ€“ the $1.5 billion overhaul of mostly dormant Westfield Promenade shopping mall in Woodland Hills โ€” got final approval last month, the developer decided to wait to start construction.

Tease photo

Tenants Hedge With Short Leases, Subleases

Market uncertainty spawns reluctance to long-term commitments.By MICHAEL AUSHENKER Staff Reporter The pandemic may have slammed real estate in the second quarter, but it was in third quarter when the

The pandemic may have slammed real estate in the second quarter, but it was in third quarter when the coronavirusโ€™ economic impact truly unfolded, as industry observers paint a picture of companies afraid to commit to long-term leases in the face of multiple uncertainties: the virus, a presidential election and evolving experiments in workforce dynamics.

Game of Towers

DEVELOPMENT: Another office building is latest deal between financier Blackstone and developer Jeff Worthe.

Call it a โ€œtowering achievement.โ€

Not Much Vacancy at Newhall Crossings

Residential component rents all apartments โ€“ but adjacent movie theater remains empty in pandemic.

It was supposed to be a summer 2020 celebration โ€” the simultaneous ribbon-cutting of the mixed-use residential and retail complex Newhall Crossings and a brand new, seven-screen Laemmle Theatres arthouse cinema was going to usher in a new commercial enterprise in the heart of Newhall that has been under construction since 2018.

Forecast: Slow Going For Ventura County

Economist finds pandemic hurt already anemic growth.

โ€œWe are on the road to economic recovery.โ€

Flood of Phone Calls Followed by Gains

In a two-day period, Steve Davis fielded150 phone calls from clients with questions.

Wealth manager Steve Davis can attest that 2020 was a year unlike any other.

$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.

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.

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.

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.

Tease photo

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.

Tease photo