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Around The Valleys

Antelope Valley Lancaster The Greater Antelope Valley Economic Alliance has named Patricia “PJ” DelGaudio as its interim executive director. DelGaudio had previously served as executive assistant for the Lancaster public-private partnership from 2015 to 2018. She replaces Kimberley Maevers, who resigned in June to pursue other career opportunities. DelGaudio began serving in her new position on Aug. 12. She said she was excited to work again with the leaders of the Antelope Valley community. “The Antelope Valley is my home, and I intend to continue the great work (the alliance) already does to promote business retention, expansion and attraction,” DelGaudio added in a statement. DelGaudio has more than nine years of experience in leadership, development and management with nonprofit, academic and community-based organizations. “We are extremely grateful to PJ for taking on the interim role,” Alliance Chairwoman Veronica Knudson said in a statement. “PJ’s knowledge of the organization and her passion for the community make her uniquely qualified to lead the organization.” San Fernando Valley Agoura Hills Recycling center operator rePlanet LLC has closed all its recycling and processing facilities in California, including locations in the San Fernando, Santa Clarita, Conejo and Antelope valleys. The company notified the state Employment Development Department on Aug. 5 of the closures and elimination of about 750 employees. The company operated its recycling centers at grocery stores, including Ralphs, Vons, Albertsons and Stater Bros., and staffed them with recycling specialists that worked with consumers in redeeming their deposits. In the greater San Fernando Valley region, the centers closed in Agoura Hills, Burbank, Canoga Park, La Crescenta, and Woodland Hills. Additionally, centers closed in Lancaster, Saugus, Valencia, Newhall, Simi Valley, Thousand Oaks and Moorpark. In a release, rePlanet, based in Ontario, said that depressed prices of recycled aluminum and polyethylene terephthalate plastic and the rise of operating costs associated with increases in the minimum wage and required health and workers’ compensation insurance “have made operation of these recycling centers and supporting operations unsustainable.” San Fernando Mr. Tortilla, a family-owned food manufacturing startup in San Fernando, announced this week a distribution deal with warehouse-style food and supply chain Smart & Final. Mr. Tortilla’s artisan tortillas will be available in more than 180 Smart & Final stores throughout California. “We are fighting back against the notion that all tortillas are the same,” said President Anthony Alcazar in a statement. “Tortillas like ours have not existed on store shelves until now.” The company’s product line includes such variations as savory spinach, jalapeño and cilantro and gourmet white tortillas. Studio City Demolition of the Sportsmen’s Lodge event center has begun, according to the L.A. Daily News. “All but the events center driveway walkup has been razed,” the article reported, detailing the rubble, scaffolding and debris dumpsters that now line the property. The property owner, New York-based real estate firm Midwood Investment and Development, flattened the center to build an upscale outdoor shopping mall on the landmark property that has served as a popular place for weddings, bar mitzvahs, business gatherings and other celebrations since the 1930s. Called the Shops at Sportsmen’s Lodge, the $100 million project will bring 94,000 square feet of retail, dining, fitness and communal space to the grounds at the corner of Coldwater Canyon Avenue and Ventura Boulevard. It is expected to open in fall 2020. The adjacent Sportsmen’s Lodge Hotel is not part of the redevelopment and will remain open during demolition and construction. Toluca Lake A private real estate investor has paid $7 million for West Toluca Lake Plaza, a 20,150-square-foot creative office building in Toluca Lake. The property at 10999 Riverside Drive is a three-story building occupied mostly by entertainment tenants. Darren Casamassima, a principal at brokerage Lee & Associates-LA North/Ventura, represented the buyer and the seller. Woodland Hills A 2.3-acre parcel of land in the Warner Center has sold for $11.6 million, according to Calabasas-based brokerage Marcus & Millichap Inc. The land at 21300 Oxnard St. is a 100,596-square-foot parcel in Woodland Hills, within the boundaries of the Warner Center Specific Plan, which aims to create a commercial core for the San Fernando Valley. At the time of the sale, 21300 Oxnard St. was in the process of being entitled for a two-phase development. Phase 1 includes a five-story, wood-frame apartment building consisting of 184 units totaling 154,000 square feet with 226 parking stalls. Phase 1 also includes a seven-story, 127-room hotel over one level of below-grade parking. Phase 2 includes the addition of a 13-story medical office tower totaling 84,000 square feet over four stories of parking. The first floor of the tower will provide 5,000 square feet of commercial space. The former site of the Exotic Euro Cars dealership and showroom in Woodland Hills has sold for $5.75 million, according to brokerage Marcus & Millichap Inc. The 19,970-square-foot commercial building sits at 22223 Ventura Blvd., with one side stretching along the onramp to the southbound 101 freeway. The parcel has 37,786 square feet of land, allowing for ample surface parking. The structure is currently vacant, but formerly housed a series of auto dealerships. “Approximately 8,480 square feet of the most westerly portion of the building is grandfathered in for auto-use, including auto display or auto showroom space,” Marcus & Millichap said in a statement. Brandon Michaels, senior managing director of investments in Marcus & Millichap’s Encino office, represented the seller. Tri-Cities Burbank Walt Disney Co. has sold its 80-percent stake in the YES Network to a newly formed investor group that includes Amazon.com Inc., Yankee Global Enterprises and Sinclair Broadcast Group. YES Network is a regional sports pay-television company that broadcasts games of Major League Baseball’s New York Yankees and the National Basketball Association’s Brooklyn Nets. Burbank-based Disney acquired its portion of the YES Network not already held by the Yankees for $3.46 billion, as part of the Twenty-First Century Fox Inc. acquisition. The U.S. Department of Justice required Disney to sell Fox’s 22 regional sports networks, including the YES Network, as a condition of the acquisition. Glendale Restaurant operator Dine Brands Global Inc. announced a partnership with meal delivery platform Grubhub to feature more of its Applebee’s and IHOP locations on the Grubhub app. Ordering through Grubhub for pickup and delivery will now be available across more than 1,700 Applebee’s and 1,300 IHOP locations. Also, franchisees who work with Grubhub as their preferred delivery partner will get access to additional marketing benefits and analytics capabilities. Delivery and pickup business has contributed to sales growth for Dine Brands’ restaurants, accounting for 9 percent of IHOP’s total sales in the first quarter of 2019, up from 5 percent in the same period a year earlier. “Delivery is an important part of our strategy. … We’re thrilled to both expand our presence on Grubhub’s growing marketplace, and also streamline operations with our direct-to-POS integration,” said Dine Brands Chief Executive Steve Joyce in a statement. Ventura County Thousand Oaks A subsidiary of Teledyne Technologies Inc. has acquired a microelectromechanical systems foundry based in Canada. The terms of the deal between Teledyne Digital Imaging Inc. and privately owned Micralyne, in Edmonton, Alberta, were not disclosed. Microelectromechanical systems is the technology of microscopic devices. Teledyne also owns a foundry making the micro-parts in Quebec. Executive Chairman Robert Mehrabian said the acquisition makes Teledyne the top independent multi-product microelectromechanical systems foundry in the world.

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