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Wednesday, Jun 7, 2023

Around the Valleys

Conejo Valley Technology company ISSquared has acquired Starnet Data Design in a move that allows the Conejo Valley company to expand its product and service offerings. Financial terms of the deal between ISSquared, in Newbury Park, and Starnet Data, in Westlake Village, were not disclosed. ISSquared provides networking, security and cloud-based computing services to industries that include biotech, higher education, financial services and construction. Starnet Data Design provides enterprise IT support and networking solutions. The Starnet acquisition is the first one by ISSquared since starting in 2010. Chief Executive Bala Ramaiah said the company was excited to welcome the Starnet employees and the customer relationships they have nurtured over three decades in business. “Our top priority is to ensure that Starnet’s customers can quickly leverage the capabilities and software offerings that ISSquared’s customers enjoy today,” Ramaiah said in a statement. San Fernando Valley Burbank Walt Disney Co. has proposed to pay some of its unionized employees a minimum wage of $15 an hour by 2020 at the Disneyland Resort. The 36-percent increase over the three-year span of a contract offered to the Disneyland workers represented by the Master Services Council represents a significant increase at the Anaheim theme park. The Master Services Council is a group of four unions for more than 9,500 employees at Disneyland Park, Disney California Adventure Park and Downtown Disney. The Burbank entertainment and media giant called the wage increase from $11 currently to a new minimum rate of $13.25 when the contract is ratified to ultimately $15 in 2020, one of the most aggressive in its history. The move comes at a time when Disney has been under fire for the wages paid to its employees, known as “cast members.” The Coalition of Resort Labor Unions, a group of more than 10 unions representing Disneyland workers, held a rally on June 2 with former presidential candidate Bernie Sanders to advocate for a living wage. Disneyland Resort President Josh D’Amaro said in a statement that the company’s offer “confirms that working at the Disneyland Resort is not only a good opportunity today, but a pathway to growth opportunities and career advancement tomorrow.” Calabasas AmaWaterways has christened river cruise ship AmaLea with a ceremony in Vilshofen, Germany. The Calabasas company now has four ships that will sail seven-night cruises on the Danube River between Vilshofen and Budapest during the summer and fall. The ceremony featured the raising of a traditional Bavarian maypole, a dockside cocktail reception, religious blessing and local entertainment. AmaWaterways President and Co-Owner Rudi Schreiner, Executive Vice President and Co-Owner Kristin Karst and Capt. Jan de Bruijn assisted the ship’s Godmother Filomena Andre of AAA Travel with the traditional ship christening by champagne. The AmaLea accommodates 154 guests with connecting staterooms and triple occupancy staterooms designed for multi-generational families. Guests can enjoy a heated sun deck swimming pool with a swim-up bar, a fitness center and spa, and a fleet of bicycles onboard for guests to enjoy excursion in port. “We look forward to welcoming many guests onboard this beautiful ship as she sails through the charming towns that sit along the banks of some of the most beautiful rivers in all of Europe,” Schreiner said in a statement. Chatsworth A holographic advertising display, powered by Chatsworth-based Provision Interactive Technologies Inc., will be available on Coinstar LLC’s coin-counting kiosks in most Giant Eagle supermarkets. Coinstar customers, at participating stores in Ohio, Pennsylvania, Maryland and West Virginia, will now see 3D ads and receive coupons for instore savings. Provision Interactive Technologies creates high resolution 3D display systems that don’t require special glasses. Glendale Public Storage’s affiliate in Europe, Shurgard Self Storage Europe, is considering an initial public offering. Glendale-based Public Storage acquired Shurgard Storage Centers Inc. in 2006. In March 2008, Public Storage sold 51 percent of its interest to an institutional investor. Currently, Public Storage acts as the managing member of the joint venture, according to the company. In its announcement, Public Storage noted that if Shurgard securities were offered to the public, they may not be sold in the United States unless Shurgard registers the offering with the Securities and Exchange Commission. Shurgard owns and operates more than 220 self-storage facilities with more than 12 million net rentable square feet in Belgium, Denmark, France, Germany, Netherlands, Sweden and the U.K. Reseda Marcus & Millichap has announced the sale of a 39-unit apartment portfolio featuring a pair of Reseda buildings that sold for a combined $9.3 million, or $313 per square foot, according to James Brian Markel, regional manager of the firm’s Encino office. Vice President of Investments Filip Niculete and Senior Associate Jonathan Erster, in Marcus & Millichap’s Encino office, held the exclusive listing to market the property on behalf of the seller, a limited liability company. The duo also secured and represented buyer Wyanbaird LLC. According to CoStar Group, each floor at the two-story building at 7249 Baird Ave. totals 11,997 square feet. The price on the Baird property reached nearly $6.4 million. Wyandotte Apartments, at 18540 Wyandotte St., has 12 units. Each of its two floors amounts to 4,799 square feet. It sold for $2.9 million. Both buildings were built in 1989. Simi Valley Allied Pacific Studios has signed with Simi Valley Waste Management to lease a 1,000-acre portion of the Simi Valley Landfill, located in unincorporated Ventura County, to develop as a movie ranch, according to a Simi Valley Acorn report. Under the agreement, Allied Pacific will lease the land for five years, with the option to purchase the property by term’s end. The parcel represents a third of the site’s 3,000 acres. For now, facilities will be temporary. However, should the studio decide to purchase the land, it will create permanent structures, according to Allied Pacific Managing Director Brian Gordon. The property east of the landfill is desirable because of its backdrops and its proximity to Los Angeles and the San Fernando Valley, where the six major studios are based. The deal follows five years of negotiations between Allied Pacific, Waste Management Inc. and Simi Valley officials. Allied Pacific Studios, which has filmed movies and television for such clients as Hallmark Channel, has been based in Simi Valley since 2003. Airborne Wireless Network has received approval from the Federal Aviation Administration to conduct test flights with Cessna 172 aircraft. The Simi Valley telecommunications company will demonstrate its hybrid radio frequency-controlled and free space optics-linked proprietary technology to create a high-speed broadband network using commercial aircraft. The FAA approval allows the company to modify and install its equipment onto two Cessna 172 aircraft and outlines a proposed flight test routing and operating area. Chief Executive Michael Warren called the FAA’s action a significant milestone for the company to begin its first-of-a-kind demonstration. “The goal of this demonstration is to test how quickly the company’s patent-pending algorithms can resynchronize the optical link and transfer large data files,” Warren said in a statement. “Our sophisticated software technology will be used to take thousands of samples and calculate the precise location of each aircraft assigned to the mesh network.” Santa Clarita Valley Wesco Aircraft Holdings Inc. has renewed a multi-year agreement to provide chemical management services to aerospace and defense contractor Rockwell Collins Inc. The Valencia aerospace parts supplier will provide the services at 15 Rockwell Collins sites in the U.S. and Mexico and will expand over time to include 12 additional sites internationally. Wesco Aircraft supports customers with its chemical management services with procurement, storage, quality management and regulatory compliance, distribution, waste control and other functions in the supply chain. Rockwell Collins, in Cedar Rapids, Iowa, also utilizes Wesco’s proprietary chemical lifecycle management platform to track chemical usage and chemical specifications, including compliance with global export regulations.

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