Stories for March 2020

Tuesday, March 31

L.A. Implements Rent Relief for Residential, Commercial Tenants

In response to the coronavirus crisis, Los Angeles Mayor Eric Garcetti on Monday signed an updated rent relief order covering both commercial and residential tenants.

Shutdown Costs Reagan Library $150,000 a Week in Lost Revenue

The Ronald Reagan Presidential Library and Museum in Simi Valley is trying to shore up donations to compensate for hundreds of thousands of dollars in lost revenue resulting from the COVID-19 outbreak.

Blackstone Spends $83 Million on Van Nuys Acquisition

New York City investment firm Blackstone has acquired two adjoining buildings in Van Nuys for $83 million.

Monday, March 30

Tale of Two Clusters

Biotech follows different paths with Conejo Valley startups pursuing new drugs and Santa Clarita companies focused on medical devices.

As biotech companies continue to crop up and flourish in the Valley area, it’s clear that the Conejo and Santa Clarita valleys are hotspots for very different sectors of the industry.

California Resources Corp. Considers Strategic Options

Santa Clarita oil and gas company California Resources Corp. said it will “consider all options” to get through the slump in oil prices.

Second Sight Lays Off 84 Employees Amid ‘Wind Down’ of Operations

Second Sight Medical Products Inc. on Monday announced it will lay off 84 of its 108 employees effective March 31 in response to COVID-19 challenges, the first step toward the end of the Sylmar company.

Top Disney Executives Take Pay Cut

Walt Disney Co. Chief Executive Bob Chapek and Executive Chairman Robert Iger will take pay cuts to help the financially struggling company during the coronavirus outbreak.

L.A. City Council Approves Extra Sick Time for Coronavirus

The Los Angeles City Council late Friday approved a paid sick leave ordinance relating to the coronavirus pandemic.

Possible Takeover Pumped Tutor Perini Stock

Talk about the possible acquisition of Tutor Perini Corp. temporarily sent its share price soaring before being knocked down by the market’s deflation due to the coronavirus.

Is Pandemic an Interruption?

INSURANCE: Virus often excluded from business policies.

Valley businesses suffering revenue disruptions related to the coronavirus pandemic and resulting restrictions from government regulators are looking to their insurance policies to see if a business interruption claim would cover their losses.

Empty Dining Rooms

Restaurants brace for an extended shutdown – with takeout option.

The coronavirus outbreak and response has wreaked havoc on the Valley’s restaurant industry, from mom-and-pop eateries to chains such as IHOP and Cheesecake Factory.

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‘Too Soon’ for Forecasts

“While it is too soon to assess the long-term economic impact of the pandemic on real estate values or demand for debt financing, our considerable operational track record and experience will help us successfully navigate this rapidly evolving environment,” Chris Farrar, chief executive of Velocity Mortgage Capital in Westlake Village, told shareholders in an update on March 18.

Former VICA Chairman Dies

Attorney David Adelman served on multiple nonprofit boards.

David Adelman, an attorney who served in business and nonprofit organizations in the San Fernando Valley, died March 22 from pancreatic cancer.

Amazon Vans Clog Industrial Center

City of Thousand Oaks investigates traffic complaints.

Officials in Thousand Oaks are investigating the impact of Amazon.com Inc.’s fleet of delivery vans on local roadways after residents filed complaints regarding increased traffic congestion.

‘A Good Run’

Starting next month, a familiar face won’t be in the Sherman Oaks office of the Valley Economic Alliance.

Housing, Retail in Channel Islands Expansion

With a master plan to provide a growing student populace with enough housing and infrastructure, California State University – Channel Islands has launched a number of real estate development projects, including a mixed-use student center and possible completion of a long-stagnant housing project estimated to cost $168 million.

Property Measures a Bust

The March 3 California election saw a pair of wildly different initiatives tied to real estate property defeated at the ballot in two different markets — Burbank and Calabasas.

On-Job Optimism

Oscar Recinos is one of four brothers who bought Roland’s Hardwood Floors from its founder in 2010.

Gorditos in Prime Site

Gorditos, a new player in the fast-casual Mexican dining space, has opened a restaurant in Granada Hills.

Groceries Experience Boom in Business

While the Valley region’s retail sector has temporarily gone dark, grocery stores have been busier than ever as throngs of shoppers rush to stock up in preparation for days or weeks spent at home.

Retail Landlords Face Slowdown

The coronavirus outbreak and resulting emergency restrictions have forced retailers throughout L.A. County to close shop.

Analyst Likes Disney Despite Virus

Like many public companies during the coronavirus pandemic, Walt Disney Co. has watched its share price go down significantly in the past few weeks.

Media+Tech Accelerate

Walt Disney Co. is accepting through April 3 applications for its 2020 class in the Disney Accelerator.

Next Project: Chinese Park

Legacy Entertainment has been chosen by OCT Group for a new project in China.

Loop Player for Short-Form Videos

Valley companies combine to install, program screens.

Short-form video distributor Loop Media Inc. announced last month a deal for its Loop Player for commercial and public venues.

Healing Business

Yoga, meditation studios flourish in Conejo Valley after Borderline and Woolsey Fire – and in time for coronavirus pandemic.

Units Net $28 Million

A 60-unit multifamily complex in Glendale has sold for $28 million, or $467,000 per unit.

Warehouse Repurpose

A Conejo Valley industrial building has been purchased by a new landlord who wants to redevelop the property into biotech labs.

WeWork Opens at Warner Center

WeWork has announced the opening of its first location in Woodland Hills — WeWork The Warner Center — adding more than 50,000 square feet of coworking space to the San Fernando Valley market.

Calabasas Firm’s COVID-19 Report

Study predicts hotel and resort properties will suffer.

Plenty of Action in Studio City

CONSTRUCTION: Retail and residential units upgrade a show business hub.

Around the Valleys

News and notes from the greater San Fernando Valley

News and notes from the greater San Fernando Valley

Planning, Preparing for COVID-19

First, let me start by saying, we will get through this. We will come out of this a more unified and strengthened city, county, state and nation.

Will L.A. Try to Run Your Business?

It’s stressful enough that governments in the midst of the coronavirus scare have ordered many businesses to close, probably pushing many over the cliff.

Friday, March 27

L.A. City Council Discusses Crisis Employment Rules

The Los Angeles City Council, in an emergency meeting Friday, discussed two lightning rod topics within the business community, “Right to Recall” and “Right of Retention” ordinances.

Preview: Tale of Two Clusters

Biotech follows different paths with Conejo Valley startups pursuing new drugs and Santa Clarita companies focused on medical devices.

Disneyland Remains Closed ‘Until Further Notice’

Walt Disney Co. announced Friday that it will keep its theme parks in California and Florida closed indefinitely due to the coronavirus pandemic.

Cheesecake Factory Furloughs 41,000 Employees

Cheesecake Factory Inc. has furloughed about 41,000 hourly restaurant employees and cut executive salaries by 20 percent, according to an SEC filing released Friday by the Calabasas restaurant operator.

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Englander to Plead Guilty to Obstruction

Former Los Angeles City Council member Mitch Englander on Friday agreed to plead guilty to obstructing a federal investigation into his conduct while in office.

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Thursday, March 26

Simulations Plus Fast Tracks Coronavirus Research Clients

Simulations Plus is fast tracking its consulting services for businesses working on coronavirus research.

Cheesecake Factory Won't Pay April Rent

Cheesecake Factory Inc. has notified its landlords that it won’t pay rent on April 1 due to financial complications stemming from the coronavirus outbreak.

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Cell Towers Aid in Sale of West Hills Office Building

A 15,025-square-foot office building in the West Hills market has sold for $4.3 million.

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Wednesday, March 25

Residential Project in Van Nuys Would Create 124 Apartments

A residential project has been proposed for Van Nuys, located not far from the Van Nuys Metrolink Station.

Glendale: One City Trying to Help Desperate Businesses

While many local governments have done little to support businesses devastated by the coronavirus scare, Glendale on Wednesday announced it has launched a social media campaign to support local businesses by featuring restaurants, groceries and other retailers via Facebook, Twitter, Instagram and LinkedIn.

Groceries ‘Normalizing’ Again

Grocers in the Valley region are beginning to see a return to regular operations after being hammered in recent weeks by huge crowds and product sellouts prompted by the coronavirus scare.

Tuesday, March 24

Greater Valley Chamber Issues Urgent Call for Help

Nancy Hoffman Vanyek, chief executive of the Greater San Fernando Valley Chamber of Commerce, issued a call for help in securing financial help for business advocacy organizations dealing with the coronavirus outbreak.

Wealth Managers Advise Anxious Clients to Hang Tight

Shocking plunges in the stock markets in recent weeks have prompted frantic calls from investors to their wealth managers.

Layoffs Coming in Hotel, Restaurant Industries

The coronavirus pandemic has curbed travel as people shelter in place, resulting in a nightmarish situation for hotels and their employees.

Dignity Health, Valley Community Establish Coronavirus Testing Procedures

Valley health care providers are preparing for patients who need the test for the coronavirus.

Investor Pays $2 Million for Jack in the Box Location in Castaic

A private real estate investor has paid $2 million for a retail building in Castaic that has a lease commitment from Jack in the Box through March 2027.

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Monday, March 23

Valley Leader David Adelman Dies

David Adelman, an attorney who long served the business and nonprofit communities in the San Fernando Valley, has died from pancreatic cancer.

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Economists: Worse than Great Recession; Maybe Depression

Because of the near seizure of the economy prompted by the coronavirus scare, the second quarter may see GDP shrink by 13 percent.

Poll: The Hurt on Small Businesses Now ‘Profound’

About 76 percent of small businesses are being hurt by the coronavirus pandemic, according to a survey put out Monday by the National Federation of Independent Business.

VICA Voices Opposition to L.A. City Council Business Measures

Van Nuys-based advocacy group Valley Industry & Commerce Association has voiced opposition to a Los Angeles City Council motion to regulate business.

Anheuser-Busch to Produce Hand Sanitizer at Van Nuys Plant

In response to the spreading COVID-19 virus, Anheuser-Busch Cos. announced on Sunday that it will produce bottles of hand sanitizer at its Van Nuys plant in addition to its Budweiser beer.

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Friday, March 20

L.A. County Closes ‘Nonessential’ Businesses

Los Angeles County and city officials released emergency orders to close nonessential businesses and keep residents in their homes to prevent the spread of coronavirus.

Hospitals Prepare for Patient Surge

Hospitals in the Valley region are preparing for an influx of COVID-19 patients, with experts predicting many facilities in the U.S. health care system will be overwhelmed with cases in the coming months.

$20.5 Million Loan Secured by Sherman Oaks Best Western Hotel

Real estate investment bank Sonnenblick-Eichner Co. has arranged $20.5 million in first mortgage debt for the 178-room Carriage Inn, located at 5525 Sepulveda Blvd. near the intersection of Burbank Boulevard in Sherman Oaks.

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Thursday, March 19

Grocery Stores, Pharmacies Adjust to Coronavirus Boom

While most of the Valley region’s retail sector has temporarily shut down amid the coronavirus outbreak, grocery stores are busier than ever as throngs of shoppers stock up in preparation for days or weeks spent at home in self-quarantine.

At Least 38 Virus Cases in Valley

At least 38 cases of coronavirus have been confirmed in the San Fernando Valley area.

Westfield, Simon Shut Down Shopping Centers Amid Virus Outbreak

Two major mall owners in the Valley region are closing their shopping centers in light of the coronavirus outbreak.

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Wednesday, March 18

Ventura County Closes Certain Businesses, Orders Elderly to Stay Home

Ventura County has ordered certain businesses to close and elderly residents to stay at home to slow the spread of coronavirus, effective Wednesday.

71-Unit Apartment Complex Proposed for Sun Valley

North Hollywood developer Sahaco Inc. has filed plans with the city of Los Angeles for a new residential complex in Sun Valley that would bring 71 market-rate apartments online.

Tarzana Multifamily Sells for $15 Million

A 48-unit multifamily complex in Tarzana has sold for $15.1 million in an all-cash transaction.

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Tuesday, March 17

Tix Corp. Closes Ticket Booths, Lays Off Employees in Las Vegas

Tix Corp. has closed its Las Vegas ticket booths and laid off its employees there in light of the closures of casinos and attractions in the city due to the coronavirus outbreak.

MannKind Shifts Research to Coronavirus Treatment

MannKind Corp. on Tuesday announced it is adjusting its pipeline research to focus on respiratory viral infections such as coronavirus.

Anchor Loans Leases New Headquarters in Westlake Village

Anchor Loans is relocating its headquarters to Westlake Village with the signing of a 26,000-square-foot lease at One Baxter Way.

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Courier Service Downsizes in Chatsworth

Redline Courier Service will layoff about 80 percent of its workforce this spring, including at its Chatsworth facility.

Monday, March 16

L.A. Restricts Restaurants, Retailers to Control Coronavirus

L.A. Mayor Eric Garcetti has mandated temporary restrictions for retail businesses within the City of Los Angeles to help prevent the spread of coronavirus.

Closure of Reagan Presidential Library in Simi Valley

The Ronald Reagan Presidential Library and Museum on Monday announced that it will close to the public until March 31 amid coronavirus concerns.

WeWork Opens Warner Center Location

WeWork has announced the opening of its first location in Woodland Hills, called WeWork The Warner Center.

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Champ Wins GlenVerdugo

17-unit Glendale asset fetches $4.9 million.

17-unit Glendale asset fetches $4.9 million.

How the Virus May Change Us All

Chances are, the coronavirus pandemic will forever change the way you do business.

Lawyers Shouldn’t Buy Their Leads

This morning (and every morning) as I get to my law office in Woodland Hills, I am pelted with companies trying to sell me new case “leads.”

Employers Seek Live-Work Sites

REAL ESTATE: Chatsworth campus offers discount rents.

Employers reinvent the company town for people who want to live near where they work.

Startup Makes Cheap Hydrogen

TECHNOLOGY: Membrane drives down cost for clean fuel.

Camarillo company H24US creates inexpensive way to make hydrogen.

VALLEY INSIDER

Doll Maker’s Threepeat

“It’s a threepeat!” exclaimed MGA Entertainment Inc. Chief Executive Isaac Larian in a statement about the company’s L.O.L.

AROUND THE VALLEYS

AROUND THE VALLEYS

Gary Thomas, Civic Leader, Dies at 61

Volunteer helped found the Valley Economic Alliance.

Gary Thomas, a longstanding civic leader in the Valley, died at age 61.

‘Jeopardy’ Host Aids Hope of the Valley

Donation supports construction of North Hollywood homeless facility.

“Jeopardy” host Alex Trebek gives money to homeless center.

The Address Settles in Agoura Hills

Residential brokerage takes offices in one partner’s business park.

The Address Realty has a new address.

Coronavirus Effect

ECONOMY: The disease has impacted businesses across the Valley region – with more to come.

Coronavirus has impacted businesses across the Valley region – with more to come.

Meet Needham’s ‘Dynamic’ Tenant

Illumination Dynamics takes first space at Santa Clarita industrial complex.

Illumination Dynamics, a lighting, grip and electrical power company for the entertainment industry, has become the first – and so far the only – tenant at The Center at Needham Ranch, the sprawling Santa Clarita industrial park that, once built out, stands to total 853,645 square feet.

California Resources Suffers From Oil Price Fall

ENERGY: Analyst sees ‘a lot of uncertainty’ for CRC shares.

Oil prices send shares of California Resources Corp. lower.

Panoramic Views

DEVELOPMENT: Office tower in Panorama City closed by the Northridge Quake finds second life as a residential complex.

Office tower damaged in Northridge Earthquake gains new life as a residential complex.

Insurance Industry Stumped by Coronavirus Peril

LIST: Brokers advise clients to lower risk even if they can’t provide coverage.

Insurance carriers can’t put a price on coronavirus pandemic

Integrity Bio Welcomes New Chief Executive

Company undergoes first leadership change since founding.

Michael Reilly has succeeded Byeong Chang as Integrity Bio’s new chief executive.

Northridge Hospital Gets First PT Tech in CountyMotek treadmill utilizes virtual reality to motivate rehab patients.

Motek treadmill utilizes virtual reality to motivate rehab patients.

Motek Technologies treadmill utilizes virtual reality to motivate patients.

Apts Sold by Court Order

Investor pays $17.4 million for Sylmar multifamily.

An investor paid $17.4 million, or about $285,000 a unit, for a 61-unit apartment building in Sylmar put on the market by court order, according to CoStar Group.

$30 Million Taxiway in Van Nuys

FAA provides funds to update aging pavement.

The 14-month project to reconstruct Taxiway B at Van Nuys Airport has been completed, Los Angeles World Airports announced this month.

Artkive’s Indirect Path to Growth

Photobook printer adjusts model to find profitability.

Artkive prints hardcover scrapbooks of user-submitted photos.

Spirit Flies To Seattle

Low-cost carrier adds route from Burbank.

Just a year after beginning service at the Hollywood Burbank Airport, Spirit Airlines is adding new flights from the San Fernando Valley’s only commercial airfield.

Valley’s Big Pizza Party

Two pie chains open their first parlors in the region.

Pizza is trending in the 818, as two prominent chains with loyal followings opened their first San Fernando Valley outlets in January.

Mechanics Class Full

Career training serves 150 Valley students.

Jonathan Schaeffer of the Los Angeles Unified School District gave a presentation to the Valley Industry & Commerce Association Aviation Committee at the group’s meeting on March 4.

Amazon, Partners Enter Palmdale

E-tailer to stand up Antelope Valley warehouse.

The world’s biggest online retailer is establishing a distribution presence in the Antelope Valley.

Space to Shoot

Competition runs high for rentable soundstages while inventory remains scarce.

With 5.2 million square feet of soundstage space for film and television production, Los Angeles County has more than anywhere in the world. But it’s not enough.

Night Noise Focus of Jet Program

Commission seeks reports from airport officials.

The Los Angeles Board of Airport Commissioners received an update at its March 5 meeting on how Van Nuys Airport is handling noise issues.

Friday, March 13

Universal Studios Theme Parks Close to Contain Coronavirus

Universal Studios Hollywood and Universal Orlando Resort announced late Thursday that both theme parks will close in hopes of containing the spread of coronavirus.

Preview: Viral Economics

Valley companies struggle to get ahead of coronavirus outbreak.

Second Sight CEO Steps Down

Second Sight Medical Products Inc. announced Thursday the departure of Chief Executive Will McGuire, effective March 27.

Thousand Oaks Industrial Building Sold for Biotech Redevelopment

A 65,269-square-foot industrial building in the Conejo Valley has sold for $8.1 million, with the new owner looking to turn it into biotech labs.

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Thursday, March 12

Sinclair Printing Sells Palmdale Warehouse for $15 Million

Sinclair Printing has sold an industrial warehouse in Palmdale for $15 million.

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Disney Closes Anaheim Theme Parks

Walt Disney Co. said on Thursday it would close its Disneyland Resort and California Adventure theme parks effective March 14 due to the coronavirus pandemic.

Valley Restaurant, Real Estate Stocks Caught in Wall Street Selloff

Another massive selloff of stocks on Thursday caught Valley restaurant and real estate-related stocks in the downdraft.

Princess Cancels Cruises for Two Months

incess Cruises announced a pause of its global ship operations for two months in the wake of the evolving coronavirus pandemic.

Wednesday, March 11

Semtech Beats Expectations

Semtech Corp. beat Wall Street expectations on adjusted earnings and revenue for the fourth quarter, but its stock fell further than the overall market.

University to Transform Bank into Medical Center

CBRE on Tuesday announced a local university has leased a former Chase Bank building in Thousand Oaks.

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CSUN Going to Virtual Classes, Others Mulling Options

In response to the spreading coronavirus, some Valley area schools are going to virtual classes.

Tuesday, March 10

Electric Vehicle Industry Driving Up Salaries, Report Finds

Demand for skilled workers in Southern California’s electric vehicle industry is growing, driving up salaries and filling local training programs, according to a new report.

Estrella TV Recruits Veteran Political Commentator

Burbank-based Estrella TV has tapped Hernan Molina, an Argentine native, as its lead Hispanic media political commentator.

Loop Media Signs Distribution Deal With Pac 12 Networks

Short-form video distributor Loop Media Inc. has announced a partnership with Pac-12 Networks to provide content to its platform.

Monday, March 9

Dow’s Massive Drop Pulls Down Valley Stocks

The Dow Jones Industrial Average fell more than 2,000 points, or 7 percent, with nearly all Valley companies caught in the downward momentum.

Mitch Englander Arrested on Obstruction Charges

Former Los Angeles City Council member Mitch Englander surrendered to FBI agents Monday to face criminal charges for obstructing an investigation into his conduct while in office.

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Galpin Motors Returns to Television With ‘Driven’

Galpin Auto Sports will return to television with a new series for Discovery Channel called “Driven.”

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Friday, March 6

Oil Shock Sends California Resources Lower

Shares of California Resources Corp. fell 13.6 percent Friday in tandem with lower crude oil prices.

Gary Thomas, Valley Leader, Dies

Longtime San Fernando Valley civic leader Gary M. Thomas died Friday morning during a hospital stay for a respiratory ailment.

Valley Village Woman Sentenced for $11.5 Million Sleep Study Scam

A Valley Village woman was sentenced to more than three years in prison for running an $11.5 million sleep study scam, according to the U.S. Department of Justice.

Semtech to Collaborate on Peer-to-Peer Wireless Network

Semtech Corp. has collaborated with Helium Inc., creator of one of the world’s first peer-to-peer wireless networks, to develop a network based on its long-range, low-power, or LoRa, technology.

Thursday, March 5

60-Unit Apartment Complex in Glendale Sells for $28 Million

A 60-unit multifamily complex in Glendale has sold for $28 million, or $467,000 per unit.

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Amgen Suspends International Travel on Coronavirus Concerns

Amgen Inc. on Thursday announced it has suspended all international business travel until March 21 because of the spreading coronavirus outbreak.

Princess Ship Off California Testing Passengers for Virus

A Princess cruise ship, currently off the California coast near San Francisco, is testing some 100 passengers and crew for coronavirus.

Wednesday, March 4

Record Year for Filming in Santa Clarita

The city of Santa Clarita recorded a record number of permits for on-location film and television production last year.

Glendale Man Sentenced for $2.1 Million Bank Scam Involving Dentists

A Glendale man was sentenced to three-plus years in prison for stealing the identities of at least 11 dentists and filing fraudulent claims to banks that offer lines of credit to dentists.

USPS to Open New Post Office and Sorting Center in Warner Center

U.S. Postal Service has signed a lease to occupy a 52,000-square-foot industrial building owned by Bolour Associates Inc. at 21200 Oxnard St. in Woodland Hills.

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Chatsworth Beauty Supply Maker Acquired

Beauty products manufacturer Cosmetic Laboratories of America has been acquired by Knowlton Development Corp. in Quebec, also a maker of cosmetic and personal care supplies.

Tuesday, March 3

Earnings: B. Riley, AeroVironment

AeroVironment posts a loss while B. Riley expands revenue and net income.

Village at Moorpark Shopping Center Sells for $20 Million

The Village at Moorpark, a 129,374-square-foot shopping center, has sold for $20 million, according to brokerage Avison Young.

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Disney-Licensed Lifestyle Brand Barefoot Dreams Signs Thousand Oaks Lease

Barefoot Dreams has committed to a 50,708-square-foot lease at Rexford Industrial’s Conejo Spectrum Business Park in Thousand Oaks.

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New Chief Executive at Integrity Bio

Integrity Bio, a privately held biologics company based in Camarillo, named Michael Reilly as its new chief executive officer.

Monday, March 2

Camarillo Sublease Shows Strength of 'Biotech Expansions' Trend

PBS Biotech has leased a 63,789-square-foot freestanding industrial facility in Camarillo, according to brokerage Newmark Knight Frank.

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Central Casting Parent Company Buys Britain’s We Got POP

Entertainment Partners has acquired a British company that provides, manages and pays background actors for film and television shoots.

California Credit Union Enters Orange County

Glendale-based California Credit Union has expanded into Orange County with a new branch in Santa Ana.

Antelope Valley Board of Trade and Economic Alliance Merge

The Antelope Valley Board of Trade and the Greater Antelope Valley Economic Alliance have merged to form the Antelope Valley Economic Development and Growth Enterprise.

Alt Lender’s Wall St. Debut

FINANCE: Velocity Financial IPO raises $94 million for growth.

Velocity Financial raises $94 million with IPO.

Let’s Make Housing Scarcity Worse!

‘We need supply – a big increase in supply – of housing units before prices can go down. But we keep making decisions that lower supply.’

AROUND THE VALLEYS

News and notes from the greater San Fernando Valley

News and notes from the greater San Fernando Valley

Meanwhile, Back at the Ranch ...

Needham Ranch complex adds more warehouses in Phase II buildout.

Trammell Crow Co. and Clarion Partners are bulking up the industrial space inventory at The Center at Needham Ranch in Santa Clarita, a 54-acre business park situated on a 132-acre parcel of land.

Housing Looms Large in Revised Promenade Plan

Revision sees 15 percent more affordable housing.

In a joint statement with City Councilmember Bob Blumenfield, Unibail-Rodamco-Westfield announced Feb. 21 that an amended version of its Promenade 2035 project has been submitted to the city of Los Angeles for review.

Economists Hedge Against Uncertainty in 2020

Two events offer views on Ventura County economy.

A “black swan” is that unforeseen event which could abruptly plunge an economy into chaos.

Strong Market for Legal Services Spurs Hiring

LIST: Mid-career attorneys with specific expertise exercise clout.

While San Fernando Valley legal services are rendered primarily by solo and small firms, larger entities are looking to absorb and diversify, according to local attorneys.

‘A New Brain Teaser to Solve Every Day’

Law Special Report

Yi Sun Kim’s practice concentrates on business bankruptcies, litigation and transactions.

‘Far Too Many Clients on the Wrong End of These PAGA Claims’

Law Special Report

Brian Koegle’s specialty focuses on statutory and case law at both the state and federal courts on employment codes.

‘This Job Can Be Stressful, But It Is Almost Never Boring’

Law Special Report

Vincent Gannuscio has spent 19 years in the legal profession.

Saying ‘Goodbye’ to California

It’s incomprehensible to me that anyone would want to leave California. Sure, we might toy with the idea of a mansion somewhere in flyover territory, but at the end of the day, the San Fernando Valley is home.

‘Who Are We Without Our Names?’

Law Special Report

Tal Grinblat has worked 23 years as an attorney.

‘I Love the Mental Chess Aspect’

Law Special Report

Khail Parris has practiced personal injury and employment law for five years.

‘Honest, Persistent, Competitive and Occasionally Stubborn’

Law Special Report

Warren Bleeker works on cases involving patent, trademark, and copyright litigation.

Law Special Report: New Power Lawyers

Rising attorneys at some of the Valley region’s largest firms talk about changes afoot in their profession.

The Business Journal’s look at the new crop of power attorneys comes at a critical phase in the evolution of the legal profession.

Drones Enhance Processing of Intel

Integrated system tailored for U.S. military clients.

Auterion Government Services Inc. has partnered with a German company to provide software for two of its drones.

Ransomware Protection

Reevert helps small clients prepare for data hacks.

In November 2018, the U.S. Attorney’s office in New Jersey indicted two Iranian men for conspiracy to hack the computers of city and state governments and agencies, hospitals, schools and companies to extort money from them by stealing their data.

Autistic Consultants Test Software

Woodland Hills office hires, trains those on spectrum.

Software firms use Auticon to test their products.

Realtors Foundation Gives Locally

Recipients include food banks, Boys & Girls Club.

The Conejo Simi Moorpark Association of Realtors has announced that its public benefit foundation gave $30,000 to local charities and high school students in 2019.

Rebranding Kobe Charity

Foundation now Mamba & Mambacita Foundation.

The Mamba Sports Foundation at Mamba Sports Academy in Newbury Park has been rebranded as Mamba & Mambacita Sports Foundation.

Design Gift For CSUN

Software firm Autodesk’s $1 million backs project.

California State University – Northridge announced it will create a Center for Integrated Design and Advanced Manufacturing

Money Tactics Turn Around MEND

Nonprofit reorganizes finances, eliminates debt.

Bottom-line focus makes MEND sustainable.

Autism Care Center Opens

Cortica’s model integrates diagnosis and treatment.

Autism evaluation and therapy provider Cortica celebrated the opening of its Westlake Village location

Conejo Valley Hosts Women’s Heart Event

Cardiologist discusses UCLA Health’s expansion in Valley.

Dr. Janki Shah, medical director at UCLA Health Division of Cardiology in Thousand Oaks, moderated a panel of heart health specialists

Virus Nixes Sea Voyages

Following quarantine, cruise line curtails itineraries.

Santa Clarita-based Princess Cruises has canceled and modified voyages in China and Southeast Asia for this year following the coronavirus outbreak

Arcutis Shares Head Up After IPO

Westlake Village company plans drug development.

Shares of Arcutis Biotherapeutics keep climbing since company went public.

Burgerim’s Breakdown

RESTAURANTS: Chain leaves franchisees ‘in a lurch’ amid restructuring campaign.

Burgerim tries to restructure after corporate collapse.

2019 Ends on Uptick for Marcus & Millichap

REAL ESTATE: Brokerage sales increased, despite slump in overall market.

Brokerage Marcus & Millichap saw increased Q4 revenue despite market slump.

Shrinking Amgen

BIOTECH: Company indicates high housing costs among reasons behind job shifts.

Amgen Inc. relocates Valley workforce in search of lower housing costs.

An Unconventional Business Opening

Ace Hardware store skips the ribbon cutting at new location.

Ace Hardware held a grand opening for its new location in Van Nuys

Business Advocate To Leave Top Job

Valley Economic Alliance’s chief executive to exit this month.

Valley Economic Alliance Chief Executive Kenn Phillips will step down this month

VALLEY INSIDER

Cost Saving Pays Off

Capstone Turbine Corp. promotes Kirk Petty to VP of operations.

Radiation Plus Brain Sensors?

TECHNOLOGY: US Nuclear’s unusual strategic investment.

US Nuclear invests in machine-brain interface devices.

Future King of All Valley Venues?

LIST: Stadium could become region’s biggest entertainment structure.

Unibail-Rodamco-Westfield announced Feb. 21 that an amended version of its massive $1.5 billion Promenade 2035 mixed-use project had been submitted to the Los Angeles Planning Commission for review this month.

Sunday, March 1

‘It’s Tantamount to Legal Extortion’

Law Special Report

Jamie Stein specializes in employment law.