Michael Aushenker

Staff Reporter

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

Recent Stories

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.

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.

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.

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.

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.

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.

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.

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.

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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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.

Landlords Face Rent Shortfall

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

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

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.

Two Local Companies on Inc.’s Fastest-Growing List

Inc. magazine on Friday released the Inc. 5000 Series: California List, which honors the 250 fastest-growing companies in California, and two North Los Angeles companies made the top 15: CannaSafe in Van Nuys, and Caulipower of Encino.

Cushman & Wakefield Opens First North L.A. Office

Real estate brokerage Cushman & Wakefield Pacific has opened an office in Santa Clarita.

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.

Glendale Multifamily Sells for $91 Million

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

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NFL Star Launches Upscale Card Shop

Westlake Village store sells Magic: The Gathering, Pokemon products.

From pigskin to Pokemon: Pro football player Cassius Marsh has a new game – a new card shop in the Conejo Valley.

A Retail Short Circuit

Fry’s Electronics permanently closes but leaves a legacy of thematic store design.

REAL ESTATE FOCUS

Investor Sells Southern Multifamilies

IMG gets $30 million for pair of properties in Raleigh.

The coastal Southern states are proving to be big business for one Warner Center group.

Digital Marketer Accepting Bitcoin

Thousand Oaks agency’s clients find convenience in cryptocurrency.

Thousand Oaks digital marketing agency Dymic Digital will integrate Bitcoin into its day-to-day operations.

Will Suburbia Fill With Future Satellite Offices?

Banc of California executive foresees companies setting up operations in L.A.’s outlier markets.

Less offices, less commuting, less community density. That is the upshot of the post-pandemic predictions of Hamid Hussain, president of commercial real estate at Banc of California.

PS Business Parks Names New CEO

Shopping center executive to lead industrial REIT.

Glendale-based PS Business Parks Inc. has appointed Dan “Mac” Chandler III as the company’s chief executive officer, effective April 5.

Acquisition of Shipping Firm

FULFILLMENT: Moulton Logistics bought by East Cost Firm.

“But wait – there’s more!” The memorable catchphrase from direct response television ads is part of the culture at Moulton Logistics Management Inc., which for years worked in conjunction with pitchman Ron Popeil.

Three More People Arrested in $22 Million PPP Loan Scam

Federal authorities have charged three new defendants with participating in a scheme that allegedly submitted more than 150 fraudulent loan applications seeking nearly $22 million in COVID-19 relief funds.

Phase II Under Construction at Conejo Spectrum Business Park

Sares-Regis Group has embarked on Phase II of its nine-building Conejo Spectrum Business Park in Thousand Oaks.

Van Nuys Warehouse Sells for $2.2 Million

A Van Nuys warehouse has sold for $2. 2 million, or $419 per square foot.

Two-Story Calabasas Office Building Fetches $12.7 Million

A two-story office building at a Calabasas business park has sold for $12.7 million, or $271 per square foot.

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Apartment Complex With 64 Units Proposed in Van Nuys

A developer has proposed a multifamily complex with 64 units for a Van Nuys address, according to city of Los Angeles records.

Glendale Apartment Complex Fetches $5.3 Million

A private investor has acquired the Winlake Apartments in Glendale for $5.3 million, or $314,705 per unit, in a 1031 exchange.

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New Chief Executive at PS Business Parks

Glendale-based PS Business Parks Inc. has appointed Dan “Mac” Chandler III as the company’s chief executive officer, effective April 5.