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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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.

Ventura County Economy Faces Slow Recovery

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

Not Much Vacancy at Newhall Crossings

Residential component rents all apartments – but adjacent movie theater remains empty in pandemic.

It was supposed to be a summer 2020 celebration — 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.

PaymentCloud

PaymentCloud

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

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.

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.

Multi-Tenant Industrial Site in Van Nuys Sells for $3 Million

A 16,230-square-foot industrial site in Van Nuys has sold for $3 million, or nearly $188 per square foot.

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21st Century Cartoons Coming From Netflix

Streamer leases 171,000 square feet for animation studio.

Streaming leader Netflix Inc. shocked the real estate industry in September when it announced that it had signed 2020’s biggest commercial real estate lease in the Greater Los Angeles area in Burbank, where the Los Gatos-based company will open its first animation studio.

Affordable Housing Asset in Sylmar Sells for $29.4 Million

A 200-unit affordable housing complex in Sylmar has sold for $29.4 million, or $147,000 per unit.

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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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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.

Property Managers Wait for Other Shoe to Drop

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.

Three of L.A. Market’s Five Biggest Office Leases for 2020 in Valley

Three of 2020’s five biggest office leases in Greater Los Angeles occurred in the San Fernando Valley.

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Biotech Corridor’s Central Hub

Newbury Park enjoys brisk market for sales and leases of industrial sites.

Biotech drives Newbury Park’s thriving industrial real estate landscape. In fact, Lee & Associates industrial brokers Grant Fulkerson and Mike Tingus refer to Newbury Park as the medical technology corridor.

Needham Ranch Moves Needle to the North

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.

FAANG Footprint in the Valleys

Amazon and Netflix expand their regional presence during the pandemic.

They are collectively called FAANG, an acronym referring to the stock market’s five most popular technology companies.

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‘Workforce’ Multifamily for $29M

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.

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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City Council Approves Promenade 2035 in Woodland Hills

Los Angeles City Council voted Wednesday to approve the huge and long-deliberated Unibail-Rodamco-Westfield project Promenade 2035 at Warner Center.

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