SFVBJ CURRENT EDITION
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.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.
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.
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.
Around the Valleys
News and notes from the greater San Fernando Valley
News and notes from the greater San Fernando Valley
Plenty of Action in Studio City
CONSTRUCTION: Retail and residential units upgrade a show business hub.
Calabasas Firm’s COVID-19 Report
Study predicts hotel and resort properties will suffer.
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.
Warehouse Repurpose
A Conejo Valley industrial building has been purchased by a new landlord who wants to redevelop the property into biotech labs.
Units Net $28 Million
A 60-unit multifamily complex in Glendale has sold for $28 million, or $467,000 per unit.
Healing Business
Yoga, meditation studios flourish in Conejo Valley after Borderline and Woolsey Fire – and in time for coronavirus pandemic.
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.
Next Project: Chinese Park
Legacy Entertainment has been chosen by OCT Group for a new project in China.
Media+Tech Accelerate
Walt Disney Co. is accepting through April 3 applications for its 2020 class in the Disney Accelerator.
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.
Retail Landlords Face Slowdown
The coronavirus outbreak and resulting emergency restrictions have forced retailers throughout L.A. County to close shop.
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.
Gorditos in Prime Site
Gorditos, a new player in the fast-casual Mexican dining space, has opened a restaurant in Granada Hills.
On-Job Optimism
Oscar Recinos is one of four brothers who bought Roland’s Hardwood Floors from its founder in 2010.
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.
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.
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.
‘A Good Run’
Starting next month, a familiar face won’t be in the Sherman Oaks office of the Valley Economic Alliance.
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.
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.
‘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.
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