SFVBJ CURRENT EDITION
Metro’s Free Fares May be Costly
It is interesting to read that transit agencies such as New York Metro are ending its free fares that it had for a short period during the pandemic.
AROUND THE VALLEYS
AROUND THE VALLEYS
Developers Find Fresh Land in Camarillo
DEVELOPMENT: City has retail and residential projects in development.
A two-hotel and restaurant/retail complex, a subdivision with 158 single-family homes and a massive industrial park are among the real estate ventures underway right now in the city of Camarillo.
Room Refurbishment
TOURISM: Hoteliers use coronavirus downtime to update their properties.
Although the hotel industry has suffered a major setback because of the pandemic, a few hotel owners have taken advantage of the slow business period to optimistically forge ahead with site renovations.
Prop 15 May Imperil Lots Of Tenants
Voters to decide on split-roll tax system in November.
Proposition 15, an initiative to tax commercial and industrial properties at a higher rate for education and local government funding, will have a negative domino effect on the market, commercial real estate experts told the Business Journal.
Netflix Grows Footprint By 171,000 Square Feet
Streamer may set up animation studio in Burbank.
Netflix Inc. is deepening the San Fernando Valley’s longtime status as the capital of the cartoon industry by starting an animation studio in Burbank.
More Love for Mixed-Use Development in Moorpark
Daly Group’s High Street Depot inches closer to reality
Westlake Village developer Daly Group Inc. has cleared a major hurdle in realizing its Moorpark mixed-use project.
Local Colors In Mural at Janss Market
Thousand Oaks mall displays wall painting titled ‘Conejo.’
NewMark Merrill Cos., the Woodland Hills-based retail shopping center developer, has completed the installation of a Conejo Valley-centric mural at Janss Marketplace shopping center, the 458,000-square-foot shopping center located at Moorpark Road and Hillcrest Drive in Thousand Oaks.
Semtech on the Amazon Sidewalk
LoRa system to extend home wireless networks.
Semtech Corp. has partnered with Amazon.com Inc. on its new wireless network, Amazon Sidewalk, launching later this year.
Acquirer to Adopt SaniSure Name
Private equity firm cites strong brand reputation.
While the coronavirus pandemic surged, Richard Shor was busy selling his company.
$133 Million Investment in AI Software
Beyond Limits offers NASA know-how to industry.
Artificial intelligence technology company Beyond Limits has raised $113 million in a Series C funding round, with another $20 million committed.
Light Firm Sees Bonanza in Pandemic
Nightclubs and concert halls rush to remodel their fixtures.
As live events around the country remain on pause due to the coronavirus pandemic, venues are finding an opportunity to remodel or refurbish old fixtures.
No Money for In-Street Dining Permit Program
But city initiative for sidewalks, parking lots on track.
Funding for Phase 2 of Los Angeles’ Al Fresco program has run out, resulting in a temporary pause on the issuance of in-street dining permits for restaurants, Deputy Press Secretary for the Mayor’s Office Harrison Wollman confirmed to the Business Journal.
‘Mandalorian’ Toys Coming On Mondays
‘Star Wars’ product releases to last through December.
Walt Disney Co. is capitalizing on the popularity of its Star Wars spinoff series “The Mandalorian” with “Mando Mondays,” an upcoming retail campaign in which the company will release a toy, book, comic or other collectible item inspired by the show every Monday.
Robot Surgery Debuts in Van Nuys
First outpatient replacement could lead to lower costs.
Valley surgeon Dr. Jaime Hernandez performed the first outpatient knee replacement surgery earlier this month using the CORI robot, according to a statement from the Center for Orthopedic Surgery in Van Nuys.
Amgen, Lilly Join For COVID-19
Plan to collaborate on manufacturing treatments.
Biopharma giants Amgen Inc. and Eli Lilly earlier this month announced an antibody manufacturing collaboration for potential COVID-19 treatments, in an effort to scale up production for multiple treatments still in development.
Hospital to Get Out of Obstetrics
West Hills cites ‘significant decline’ in number of births.
West Hills Hospital will close its obstetrics program effective Nov. 1, the health care organization announced earlier this month.
For Builders, Schools Provide Steady Revenue
Construction: Strong market for educational projects in pandemic.
School construction is a safe bet for builders, seeing that the projects are considered an essential service by the state and the contracts last for years.
Pandemic Accounted for in AeroVironment Plan
MANUFACTURING: Analysts look to Switchblade drone system for growth.
AeroVironment Inc. is on track to meet fiscal 2021 projections on its finances, company executives said in a conference call with analysts.
No Fans in Stands Make for Ticketless Season
ENTERTAINMENT: Calabasas firm manages sports spending for companies.
Live sports and other events were among the earliest casualties of the coronavirus pandemic as venues and teams shut down their operations.
Beer Taste Test
BEVERAGE: L.A. County health rules for tasting rooms make breweries unsustainable, owners say.
At a typical small brewery, the money is made in the tasting room.
Is Prop HHH Too Expensive?
HOUSING: Audit finds high costs for homeless projects.
Audit finds building homes for low-income residents costs a lot in Los Angeles.
VALLEY INSIDER
Scriptwriting President
Cast & Crew in Burbank has named Shelly Mellott president of Final Draft
Lakers Partner Tries High Finance Play
Credit union’s commercials and videos feature NBA team’s players.
First Entertainment Credit Union is gearing up to launch “Money Matters”
Valley Bar Elects Officers, Trustees
Employment attorney David Jones becomes new president.
The San Fernando Valley Bar Association has elected new trustees and officers, led by David Jones as president.