SFVBJ CURRENT EDITION

Simi Project Seeks to Add Large Space

Stream Realty and QuadReal to deliver 344,056 square feet.

Stream Realty Partners and joint-venture partner QuadReal Property Group will commence construction this August on Tapo Canyon Commerce Center, a fully entitled five-building industrial complex located at 1800 Tapo Canyon Drive in Simi Valley.

AROUND THE VALLEYS

Multifamily investment and management company New Standard Equities has acquired a pair of neighboring Pacific Northwest assets – Cedar Glen and Maple Manor – and rebranded the combined 144 units as Indigo Apartment Homes in Bremerton, Wash.

Alas, Our Shriveling Factory Sector

Charles Crumpley laments the Valley area’s shrinking manufacturing sector.

Let’s Build Fire-Resistant Housing

With wildfires more prevalent, L.A. should approve building with fire-resistant materials, writes Melanie O’Regan of CalPortland.

Stop Biting the Hand that Feeds Us

Now is not the time to pass anti-business legislation, says VICA’s Stuart Waldman.

How Amgen’s New Policy Will Hurt

How Amgen Inc.’s work from home policy will hurt economy.

AROUND THE VALLEYS

The U.S. Supreme Court declined to hear Novartis AG’s appeal of a lower court’s decision, allowing locally based pharmaceutical giant Amgen Inc. to keep its patent protection for the rheumatoid arthritis drug Enbrel until 2029.

Martian Helicopter Takes Flight in Moorpark

Engineers with AeroVironment Inc. show off Earth-modified replica of the Mars helicopter.

Tight Territory

For commercial real estate, Calabasas ranks high in demand and low in inventory.

Calabasas enjoys high demand for offices, but there’s little inventory in a tight commercial real estate market.

Landsea Projects Sell All Homes

Despite COVID, buyers like Chatsworth and Simi Valley.

The ships have sailed for prospective homeowners seeking to purchase a Landsea Homes residence in Chatsworth and Simi Valley.

Tenant’s Big Expansion At Needham Ranch

DrinkPak triples footprint at Santa Clarita park.

Beverage maker DrinkPak expands presence at Santa Clarita industrial park.

Transit Perk Helps Project Pencil Out

Alliant’s apartments would add 220 units to market.

A Canoga Park project aims to replace several small existing structures on a 1-acre site with a new structure with 220 apartments.

Streamland Buys Technicolor Post

Burbank company creates portfolio of editing shops.

Streamland Media in Burbank buys the post-production business of Technicolor SA.

HPA Awards Recognize Diversity

Honorees set ‘foundation for future progress.’

The Hollywood Professional Association announced on May 12 the recipients of its first HPA League Honors, which recognize diverse members of the entertainment and media industry for their accomplishments, innovation and leadership.

Megatrax to Ease Music Searching

Project involves AI and re-tagging 200,000 tracks.

Megatrax recognized its 30th year in business this spring by unveiling an improved website, a new logo and a newly developed artificial intelligence-powered music search platform called Simpli.

Grants Given to Valley Restaurants

Foundation provides money to 20-plus eateries in region.

As part of the California Restaurant Foundation’s Restaurants Care Resilience Fund, 132 single-unit restaurants in L.A. County, including more than 20 in the Valley region, were awarded grants this month.

Porto’s Bakery Takes Farmers Market Route

Weekly event introduces chain to Northridge clientele.

Porto’s Bakery and Café opens at Northridge farmer’s market.

Roman Pizza To Pop Up at Americana

Co-founder of California Pizza Kitchen goes traditional.

Richard Rosenfield, an original co-founder of California Pizza Kitchen Inc., plans to open Roca, an elevated fast-casual interpretation of Roman-style pizza, with a pop-up experience at the Americana at Brand in Glendale on Memorial Day weekend.

Bioness Bought by Rehabilitation Device Maker

MEDICAL TECHNOLOGY: Company complements Bioventus’ product line.

Advanced rehab medical products manufacturer Bioness Inc. is acquired in $45 million deal.

Higher Oil Prices Inspire Share Buyback Program

ENERGY: California Resources turns profit, wants to return capital to shareholders.

California Resources Corp. plans a share buyback program to return capital to shareholders.

Yesteryear’s Rent

RESIDENTIAL: Apartment owners continue to bear the brunt of COVID’s impact on real estate.

Landlords feel financial pressures as tenants leave or can’t pay rent.

Car Sales Agents Are Non-Human

Calabasas firm debuts AI-enabled system for auto dealerships.

CarLabs.ai expands its artificial intelligence-powered conversation system to serve auto dealers.

$350 Million Price At DreamWorks Site

Glendale campus goes on market, but studio will remain on premises.

The Glendale campus of DreamWorks Animation is up for sale.

Time to Rehire

Economic recovery creates worker shortage for hospitality employers.

Economic recovery creates shortage of hotel and restaurant workers.

CPA Partner’s Charity Career

FINANCE: Mary Akpovi leaves her firm for philanthropy.

After more than four decades as an accountant and business advisor at Martini Akpovi Partners LLP, founding partner Mary Akpovi has stepped down from her work to pursue a philanthropic career full time.