Michael Aushenker

Staff Reporter

Email: maushenker@sfvbj.com
Phone: 818-316-3123

Recent Stories

North Hollywood Warehouse Fetches $3.4 Million

The property at 7129-7133 Vineland Ave. near the corner of Sherman Way and Vineland Avenue, is located near the Hollywood Burbank Airport.

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Calabasas Developer Proposes 220 Units in Canoga Park

A Canoga Park project aims to replace several small existing structures on a 1-acre site with a new structure with 220 apartments.

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DreamWorks’ Glendale Campus to List for $350 Million

The Glendale campus of DreamWorks Animation is up for sale.

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Sherman Oaks Residential Complex Sells for $600,000 Per Unit

An 18-unit Sherman Oaks multifamily property has sold for $10.8 million, or $600,000 per unit.

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Holistic Life Consultant

Fatima Bustos-Choy helps clients ‘live their purpose’ and make career changes.

Fatima Bustos-Choy founded WholeMind Power Consulting to act as a spiritual guide for people looking to make profound and sustainable lifestyle changes.

Singer Prospers off Stage

Annie Nepomuceno moved into the studio when concerts halted.

Whether it’s singing lead or back-up, planning and booking live events for other musicians, or helping others record their own albums, Annie Nepomuceno has deep experience in assembling entertainment, both live and recorded.

Glendale’s Multifamily Moment

Public agencies have paid top price to buy up residential units for workforce housing.

Public agencies have gobbled up residential units in Glendale to create workforce housing.

Pandemic Doubts

REAL ESTATE: Cancellation of Patios Connection at Westfield Valencia Town Center has implications for mall sector.

Mall owner Westfield’s parent company has decided to divest itself of U.S. holdings after a disastrous year for retail.

AROUND THE VALLEYS

A 221,842-square-foot industrial facility committed to Amazon.com Inc. has sold for $74 million, or roughly $334 per square foot.

Opportunities in Opera

Olivia Tsui traded in a career as a musician to become a multimedia producer.

Oliva Tsui – an award-winning conductor and violinist who spent 27 years as a tenure member of both the Hollywood Bowl Orchestra and the Los Angeles Opera – made a dramatic career switch this year. She pivoted from musician to multimedia producer.

Ups, Downs in Flooring

Booming real estate market sustained Celeste Rose Monderin in pandemic.

“The real estate industry helped us to stay above the water compared to other businesses,” said Celeste Rose Monderin of Custom Hardwood Flooring LA, an enterprise she owns and runs with her husband, Chief Executive Uri Vaknin.

Quixote Ups Footprint in East Valley

Demand for soundstages behind Pacoima deal.

Film and television facility company Quixote Studios leases another building in Pacoima.

Universal City Office Condos Prove Popular

Complex offers small firms a place to own, not rent.

Lee & Associates- LA North/Ventura brokers Scott Romick and Darren Casamassima have negotiated the sale of another unit at Thirty-Four Fifty West, an office condominium property located at 3450 Cahuenga Blvd. West in Universal City.

Builder Paul Griffin Dies At Age 90

Developer created more than 30,000 SoCal residences.

Paul Griffin Jr., a prodigious real estate developer and prolific philanthropist, died April 6. He was 90.

Amgen Adopts Permanent Remote Work Policy

Newbury Park-based pharmaceuticals company Amgen will make working from home a permanent policy for much of its international workforce, including locally.

Huge Expansion for Needham Ranch Tenant

DrinkPak, which last November signed a seven-year, 172,324-square-foot lease at The Center at Needham Ranch, already is more than tripling its space – expanding by 400,095 square feet at the Santa Clarita industrial park.

Xebec Sells Amazon Warehouse in Chatsworth for $74 Million

A 221,842-square-foot industrial facility leased by Amazon.com Inc. in Chatsworth has sold for $74 million, or roughly $334 per square foot.

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138-Unit Apartment Building Planned for NoHo

A proposed apartment project promises to bring 138 units to North Hollywood.

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Quixote Studios Expands With Pacoima Lease

Quixote Studios is expanding with a 123,974-square-foot lease at an industrial building in Pacoima.

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Rare Undeveloped 10 Acres in Thousand Oaks Sold

A 439,956-square-foot development site in Thousand Oaks has sold for an undisclosed price.

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Warner Center Business Park Trades for $13.4 Million

Warner Center Business Park, a multi-tenant office property in Woodland Hills, has sold for $13.4 million.

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Self-Storage’s Steady Rise

Pandemic tailwinds create more demand for rental units, making it an attractive sector for investors.

Pandemic tailwinds create more demand for self-storage units, making it an attractive sector for investors.

Office, Industrial Diverge Further in Pandemic

Warehouses sell fast while office deals remain elusive – although improvement may come this year.

As the economy slowly rebounds, the office market remains sluggish while industrial flexes its muscle.

Around the Valleys

The board of the Los Angeles Metropolitan Transportation Authority has named Metrolink Chief Executive Stephanie Wiggins as the agency’s next chief executive, effective next month.

A Legal Delay For Centennial

DEVELOPMENT: Judge orders rewrite on Tejon Ranch project.

Tejon Ranch Co. faces off against environmental groups over a residential project.

Preview: A Legal Delay for Centennial

Judge orders rewrite on Tejon Ranch project.

Builder and Philanthropist Paul Griffin Jr. Dies

Paul E. Griffin Jr., a prodigious real estate developer and philanthropist, died April 6.

Patios Expansion at Westfield Valencia Town Center Canceled

Westfield announced it has canceled plans to expand Westfield Valencia Town Center with a 101,000-square-foot Costco and other amenities.

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Go-Cart Operator Gains Traction in Thousand Oaks With 10-Year Lease

National go-cart recreation company K1 Speed has signed a lease for 50,000 square feet in the Conejo Valley.

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Burbank Mixed-Use Building Trades for $2.6 Million

The Hirth Group at Keller Williams transacted the sale of 2221-2225 W. Olive Ave., a 17-unit multi-tenant, mixed-used complex.

Northridge Office Building Fetches $3.5 Million

A two-story office building in Northridge has sold for $3.5 million. The structure, located at 8624-9628 Reseda Blvd., has 12,310 square feet and was recently renovated.

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Equipment Maker Buys Valencia Building for $4.7 Million

A 21,164-square-foot industrial building in the Valencia Business Center has sold to Versatile Systems, which makes roof safety equipment.

Home-Buying Heats Up

Low interest rates, remote workforces contribute to surge of residential sales.

Low interest rates, remote workforces contribute to surge in residential sales.

Slow Recovery Ahead for Urban Tower Sector

Office will lag in economic uptick, according to Savills.

Brokerage firm Savills forecasts the recovery in office space will take longer.

Fire-Resistant Building Materials Stir Debate

REGULATION: Builders see more cost; officials want safety.

REGULATION Fire-resistant building materials stir debate of cost and safety.

Multifamily’s Hot Streak in NoHo, Simi

Marcus & Millichap transacts pair of sales with 127 units.

Calabasas-based brokerage Marcus & Millichap Inc. brokered a pair of high-profile multifamily sales last month.

Judge Rules on Centennial at Tejon Ranch

A judge has ruled on the progress of the master planned mixed-use residential community Centennial at Tejon Ranch with both its developer, Tejon Ranch Co., and opposing environmental groups declaring the verdict – announced earlier this week – a victory.

Preview: Fire-Resistant Building Materials Stir Debate

Builders see more cost; officials want safety.

Santa Clarita Office Building Trades for $6 Million

A two-story, multi-tenant work building in Valencia has sold for $6 million, indicating some life in the office sector even during the pandemic.

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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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NoHo Apartment Building Trades for $21 Million

A private investor has acquired a 42-unit apartment building in North Hollywood for $21.3 million, or $506,000 per unit.

Pacoima Multifamily Fetches $16.3 Million

Paladin Realty Partners has purchased an 85-unit apartment complex in Pacoima for $16.3 million, or about $192,000 per unit.

Camarillo Industrial Building Sells for $6.5 Million

A single-tenant warehouse property has sold in Camarillo for $6.5 million.

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Two Amazon Warehouses in Camarillo Sell for $154 Million

Oaktree Capital Management has acquired two industrial buildings in Camarillo for $154 million, or $210 per square foot.

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Landlords Face Rent Shortfall

REAL ESTATE: Owners seek to negotiate if tenants can’t pay.

Deferred payments. Percentage rents. Back-end lease extensions.

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.

Multifamily Sale Yields A Premium

Six-story Glendale complex trades for nearly $91 million.

An apartment complex with 164 apartments has sold in Glendale for $90.7 million, or more than $553,000 a unit.

Deal-Making With Some Calabasas Style

Lee & Associates LA North and Mazirow Commercial team up to facilitate lease for Malibu engineering firm.

Lee & Associates LA North broker Mike Tingus has teamed up with Sheryl Mazirow, namesake of Westlake Village-based Mazirow Commercial Inc., which specializes in tenant representation in lease negotiations, on an 84,000-square-foot lease in Calabasas that promises to bring many jobs to the Conejo Valley.

Industrial Firm Scores $6 Million in Simi Valley Sale Leaseback

A two-story Simi Valley industrial property has been sold in a leaseback transaction for $5.9 million.

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Simi Valley Launches Digital Business Newsletter

The city of Simi Valley has introduced the Economic Development Business Newsletter this month.

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