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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Mixed-Use Project to Bring 244 Apartments to Warner Center

Montecito-based Levine Family Properties LLC is proposing to create a 244-unit development at 21201 W. Victory Blvd. in Woodland Hills.

Warner Center Multifamily Complex Sells for $93 Million

Carillon Apartment Homes, a class A, 264-unit multifamily property in Woodland Hills, has sold for $93 million or $352,272 per unit.

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Conejo Valley

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

Chinese Investment Firm Pays Nearly $46 Million for Valencia Apartments

Gemdale USA has closed a deal in Santa Clarita Valley to buy The Madison apartments at Westfield Valencia Town Center for $45.9 million, or more than $353,000 per unit, according to Costar Group.

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Simi Valley Apartments Underway

USA Properties Fund breaks ground on 311-unit project.

USA Properties Fund has started construction on a pair of apartment projects in Simi Valley totaling 311 units, a combination of market rate and affordable senior housing.

Developer Breaks Ground on 311 Units in Simi Valley

USA Properties Fund has started construction on a pair of apartment communities in Simi Valley totaling 311 units; a combination of market rate and affordable senior units.

French Transport Conglomerate Buys Camarillo Bus Company

French firm RATP Dev USA has purchased Camarillo’s Roadrunner Shuttle for an undisclosed amount, according to local reports.

Developer Seeks to Clear Panorama City Warehouses for 239 Senior Units

USA Properties Fund Inc. has proposed to replace 2.2 acres of industrial facilities in Panorama City with 239 units of senior apartments.

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Space for E-commerce

With the coronavirus crisis encouraging online shopping, companies from to local businesses are in the market for warehouses.

With Inc. leading the way, online retailers are taking up warehouse space in the greater Valley region.

Harbor Freight Moves Calabasas Headquarters

Harbor Freight Tools USA Inc., a national tool retailer that was formerly based elsewhere in Calabasas, has signed a 228,990-square-foot, 15-year lease at Corporate Center Calabasas.

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$81 Million Residential Project Breaks Ground in Lancaster

USA Properties Fund has just broken ground on an $81 million, 264-unit development in Antelope Valley.

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Beacon Capital Buys Glendale Office Building for $160 Million

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.

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L’Oréal Takes 240,000 Square Feet at Tejon Ranch

L’Oréal USA will house the regional logistics operation of its SalonCentrics subsidiary at the Tejon Ranch Commerce Center in Kern County.

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Glendale Matures Post Meltdown

New tenants buoy occupancy in Tri-City’s office sector.

Only two years ago, Nestlé USA announced that it would leave its longtime base at 800 N. Brand Ave. in Glendale for Rosslyn, Va., taking with it a chunk of its 1,200 employees and vacating some 375,000 square feet of office space.

Mall of America Owner May Buy Former Rocketdyne Site

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.

Office Vacancy Trends Down in Last Year

Statistics point to tightening office market.

Tower Sells Despite Nestlé Exit

The 22-floor office tower at 800 N. Brand Blvd. presents an iconic – and in recent months problematic – landmark in downtown Glendale.

Chinese Real Estate Investment Nosedives

Chinese investment in U.S. real estate last year declined by more than half, according to a Cushman & Wakefield report.

Rising Realty Sells Calabasas Office Park for $79 Million

Rising Realty Partners has sold Park Calabasas — a 225,000-square-foot office campus sprawled across more than 20 acres in Calabasas — for $79 million.

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