SFVBJ CURRENT EDITION
Retail Rent Drop
REAL ESTATE: Shopping center owners face lower income and rising costs.
Even prior to the coronavirus crisis, retail centers faced monumental challenges from Amazon.com Inc.-led e-commerce. Now, with the pandemic triggering an unprecedented shutdown of business, many retail tenants — from high-profile national chains to independent business owners — are requesting deferments or abatements on rent, putting landlords in a serious bind.
Glass Doors Add to Safety in Hospitals
Waiting rooms use walls to divide and conquer viral infection.
Are medical waiting rooms due for a redesign? Valley businessman Doron Polus thinks so.
CRC on Hunt for Spare $500 Million
Oil company seeks loan to survive a Chapter 11 filing
Shares of California Resources Corp. plunged earlier this month after the Wall Street Journal reported the Santa Clarita oil and gas company was asking lenders for a loan of $500 million to $600 million to carry it through a possible Chapter 11 filing.
Resilience in Self Storage
INDUSTRIAL: Business model works in current economy.
Amid the economic wreckage brought on by COVID-19, one industry stands out for its resilience to the virus: self-storage.
Hey, Mayor, We Bent That Curve
‘Our political leaders know about running an economy as much as those guys on “Tiger King” know about Verdi opera.’
Valley Leaders, This Is Our Moment
Although the San Fernando Valley area has been spared from some of the most devastating disasters of the past, we will not escape dramatic effects of COVID-19.
AROUND THE VALLEYS
News and notes from the greater San Fernando Valley
News and notes from the greater San Fernando Valley
Promise in Panorama City
CONSTRUCTION: Upgrades and apartments dot map in North Valley market.
Panorama City has followed the North Hollywood formula of a former industrial area prime for redevelopment with a residential twist.
Foggy Seas Ahead for Valley Cruise Industry
TOURISM: ‘No sail’ orders inhibit voyage planning.
A ‘double whammy’ of cost-conscious consumers and money-hungry companies ahead for cruise industry.
Revised Plan for Campus in Conejo
One Baxter Way residential component remains 240 units.
Developer Kennedy Wilson has submitted new designs for a residential project at One Baxter Way, the Thousand Oaks business park near Westlake Boulevard and the 101 freeway.
Foundation to Preserve Tarzana Orange Ranch
Nonprofit hopes to raise money to purchase land.
The Bothwell Ranch Foundation, a new San Fernando Valley-based nonprofit aimed at preserving the Valley’s last commercial orange grove in Tarzana, has formally launched.
New Rules for Office Tenants
REAL ESTATE: Less demand, more concessions in future.
New market environment for office tenants in a post-pandemic world.
VALLEY INSIDER
STX’s Global Ambition
STX Entertainment merges with Indian company to integrate Hollywood and Bollywood.
MGA: From Toys to Protective Gear
Manufacturer to donate production from retooled Ohio facility.
MGA Entertainment Inc. retools toy factory to make protective gear.
Career Advice in ‘Controllers Code’
FloQast chief executive pens book on financial and leadership skills.
Mike Whitmire of accounting software firm FloQast writes advice book for controllers.
Latigo Plans Mixed-Use
Developer secures $59 million to build 299 Thousand Oaks.
A rare and ambitious multifamily endeavor is underway in Thousand Oaks.
Promenade’s Day: May 28
Hearing about the future of $1.5 billion redevelopment.
A March 26 hearing on the ambitious $1.5 billion redevelopment of the 34-acre Westfield Promenade shopping mall property in Woodland Hills into a mixed-use residential and retail destination was cancelled due to the coronavirus crisis.
On-Stage Survival
ENTERTAINMENT: Nonprofit, city council gather funds for 18 at-risk theaters in NoHo.
Nonprofit, city council raise funds for 18 at-risk theaters in North Hollywood.
‘Longer Cycle’ Positions Teledyne to Outperform
TECHNOLOGY: Balanced portfolio expected to weather pandemic.
Teledyne Technologies Inc in Thousand Oaks says its portfolio is diverse enough to withstand coronavirus crisis.
California Resources Fights Tide of Excess Oil
ENERGY: Santa Clarita producer struggles against falling crude prices.
Producer California Resources Corp. in tough times with industry’s excess inventory and declining prices.
New Alliance
ECONOMY: With a new chair and chief executive, the Valley Economic Alliance looks forward to helping in the region’s recovery.
Valley Economic Alliance brings on new chief executive and board chairman.
Hospitals in a Squeeze
Medical centers have lost revenue during the coronavirus outbreak while costs have climbed.
Valley area hospitals are living with an unwanted irony: The coronavirus pandemic has called on them to deliver as never before. Yet instead of making money, they’re losing it.
Surge and Routine
Hospitals have borne the first wave of coronavirus patients while planning for a sustained battle against the disease.
At the entrance to Adventist Health Glendale stand two military-looking tents where medical personnel test people for the coronavirus before deciding whether to send them home or admit them to the hospital.
Corporations, Foundations Take Action Against the Coronavirus
Dole, Amgen, others lend hand to health care, nonprofit sectors.
Corporate philanthropy makes for a good marketing strategy.
Grants From Community Foundation
Recipients include food bank and testing operator.
The Community Foundation of the Valleys in Sherman Oaks sent out the first of its COVID-19 relief grants last month