SFVBJ CURRENT EDITION

Turnaround Team

Aerospace firm’s valuation grows by factor of 10.

Dog Nonprofits in Friendly Merger

Sylmar organization thinks deal will give animals more job options

Two service-dog nonprofits – Guide Dogs of America in Sylmar and Tender Loving Canines Assistance Dogs in San Diego – have announced a merger, effective in early January.

Group Think Leads to Business Book

Class members pen chapters on organizational challenges.

A group of graduate students in the San Fernando Valley have written a book titled “People Practics: 17 Practical Tactics for Business & Nonprofit Success.”

Dining at Topanga

DEVELOPMENT: Vacant former Sears store will become a restaurant and entertainment destination.

Unibail-Rodamco-Westfield has decided to transform the former Sears building at its Westfield Topanga & The Village shopping center in Woodland Hills into a dining and entertainment district.

Another Year, Another Teledyne Strategic Deal

TECHNOLOGY: Purchase provides ‘complete set’ in data storage segment.

Teledyne Technologies Inc. got the new year off to a familiar start – by making an acquisition.

Spin-Off Success

BROKERAGE: From NAI Capital to his own firm, Yair Haimoff has become a force in industrial real estate.

Amid the many success stories in the Valley region’s real estate industry the career trajectory of Yair Haimoff stands out.

Railroad Blues

Light railcar manufacturer Kinkisharyo International LLC laid off more than 100 employees at its Palmdale plant last year and job cuts are expected to continue in 2020.

Generic Drug Plan in 2021 State Budget

$222 billion proposal focuses on affordable prescriptions.

Gov. Gavin Newsom, as part of the state’s $222 billion budget, is proposing a generic drug program called CalRx to help lower drug costs for Californians.

Medical Device Makers Relieved by Tax Repeal

Second Sight, Medtronic pushed to end assessment.

The U.S. Senate last month passed bipartisan legislation to repeal a medical device excise tax, which would have impacted device developers and manufacturers across the country, including some big players in the San Fernando Valley.

Small Firm Recruits Big Executive

Dyve takes on former Pfizer manager to lead scientific team.

A small pharmaceutical company in Thousand Oaks, Dyve Biosciences, has brought on a longtime Pfizer executive and co-inventor of the drug Zoloft, Dr. Chuck Harbert, to be its chief scientific officer.

After a Tough 2019, Apex Looks for Growth

Chief executive responds to analyst’s gloomy assessment.

Sherman Oaks apparel licensing company Apex Global Brands may not live to see 2021, according to business analysis site Seeking Alpha. But Chief Executive Henry Stupp sees better times in 2020.

Landlords Can Weather The Retail Apocalypse

Shopping centers get creative as department stores close.

While the stock market had a banner year in 2019, not every company enjoyed robust gains.

Tech Suite Complete on Movie Sets

Acquisition will enable cloud-based moviemaking

Entertainment Partners has acquired SyncOnSet Technologies, creator of collaboration and productivity tools for the entertainment production community.

Film 2020: Something For Everyone’s Tastes

After Disney’s big year, other studios have opportunity.

The coming year will be an interesting one for Hollywood, according to one industry insider.

Funny First In Cinedigm Playbook

Distributor puts Comedy Dynamics on platforms.

Entertainment content distributor Cinedigm Corp. has inked several new deals, including one for eight of its networks with a global streaming service.

Architects on Holiday With Big Names

Johnson Fain party features a who’s who of L.A. realty.

Holiday spirits ran high and flowed at Johnson Fain in downtown Los Angeles’ Chinatown, where such commercial real estate heavyweights as John Cushman, founder of Cushman & Wakefield; his colleague, Bob Ortiz; Stuart Morkun, who heads up the Los Angeles office of Mitsui Fudosan America; and Wayne Ratkovich of the Ratkovich Co. intersected at the architecture studio’s annual holiday bash.

Facelift in West Valley

Two-story lobby renovated at Woodland Hills office tower.

Since New Year’s Day, Douglas Emmett Inc., the Santa Monica-based owner of Warner Center Towers, has undertaken a renovation of the lower and mezzanine lobbies at 21550 Oxnard St. in Woodland Hills.

Gehry, Governor Attend Iceberg Event

Groundbreaking launches work on Burbank offices.

The Governor of California, the world’s most famous living architect and a new studio head all gathered in Burbank Jan. 14 to officially kick off a groundbreaking for Warner Bros. Entertainment’s Second Century Project, a reconfiguration of its studio real estate.

Gelt Flips 232 Units for $63 Million

Tarzana firm realizes 37 percent gain in five years.

Tarzana real estate investment and management firm Gelt Inc. has sold its 16-building multifamily property Monterra Ridge Apartments in Santa Clarita for $62.5 million, according to the company.

Retail Revival Via Senior Housing?

Calabasas developer has one answer for the future of shopping centers.

Paul Griffin III, a fifth-generation homebuilder and chief executive of assisted living facility developer Griffin Living, has a more inclusive approach to senior housing development.

Reworking Chatsworth

Developers are working to emphasize the industrial value of the Valley’s northwest corner.

Entering a new decade in the 21st century, Chatsworth has come a long way from its punchline reputation in the 1980s as the capital of the porn industry.

$1 Billion Office Makeover at Warner Center

Adler to put 12 buildings plus hotel and housing in Woodland Hills.

There’s a dozen new reasons to embrace Woodland Hills’ office sector, according to brokers and city staff familiar with the submarket.

AROUND THE VALLEYS

AROUND THE VALLEYS

Research Boom Behind HemaCare Acquisition

BIOTECH: Supplier of biologic material sold for $380 million.

Following its $380 million acquisition of Northridge’s HemaCare last month, Charles River Laboratories has decided to keep former chief executive Pete van der Wal as general manager of the Southern California operation.

Valencia Greets Galpin Porsche

AUTOMOTIVE: Club meetings, museum to attract car fans.

Galpin Motors is transforming a former Saturn dealership in Santa Clarita into a new store to sell Porsches.

PAGA Hurt Us – And Our Workers

PAGA Hurt Us – And Our Workers

As the cost of living continues to skyrocket in California, working schedules are busier than ever.

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