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At Least One County Supe Gets It

‘Before you imperil thousands of businesses and crush a million dreams, shouldn’t you be pretty sure of what you’re doing?’

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Looking to 2021 and Our Recovery

The holidays are here, which means 2020 is coming to an end. Under normal circumstances, a new year would represent new beginnings and new opportunities, but as we prepare to welcome the new year, the hard truth is that many of the issues and challenges we have faced throughout 2020 will remain with us in 2021.

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AROUND THE VALLEYS

AROUND THE VALLEYS

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Biotech Corridor’s Central Hub

Newbury Park enjoys brisk market for sales and leases of industrial sites.

Biotech drives Newbury Park’s thriving industrial real estate landscape. In fact, Lee & Associates industrial brokers Grant Fulkerson and Mike Tingus refer to Newbury Park as the medical technology corridor.

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Not Much Vacancy at Newhall Crossings

Residential component rents all apartments – but adjacent movie theater remains empty in pandemic.

It was supposed to be a summer 2020 celebration — the simultaneous ribbon-cutting of the mixed-use residential and retail complex Newhall Crossings and a brand new, seven-screen Laemmle Theatres arthouse cinema was going to usher in a new commercial enterprise in the heart of Newhall that has been under construction since 2018.

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Council OKs Westfield’s Promenade

$1.5 billion Warner Center project has affordable housing.

Los Angeles City Council voted last week to approve the long-deliberated Unibail-Rodamco-Westfield project Promenade 2035 at Warner Center.

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Pandemic Effects Boost Private Company Sales

LIST: From data storage to online sales, entrepreneurs adapt to the times.

Among companies on the Business Journal’s list of Private Companies with the biggest increases in revenue was Lamps Plus Inc. The Chatsworth retailer of lamps, lighting fixtures and home furnishings saw its revenue rise by 166 percent in 2019 to put it at No. 13 on the list. The previous year, the company had been No. 24 with $150 million in revenue for 2018, a Business Journal estimate.

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Needham Ranch Moves Needle to the North

Industrial development attracts entertainment, e-commerce to Santa Clarita Valley.

Joint developers Trammell Crow Co. and Clarion Partners LLC saw a series of deals during the year at Center at Needham Ranch, with two new high-profile occupants coming onboard last month.

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21st Century Cartoons Coming From Netflix

Streamer leases 171,000 square feet for animation studio.

Streaming leader Netflix Inc. shocked the real estate industry in September when it announced that it had signed 2020’s biggest commercial real estate lease in the Greater Los Angeles area in Burbank, where the Los Gatos-based company will open its first animation studio.

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$133 Million Pushes Industry AI Beyond Limits

Artificial intelligence firm with NASA backing explores new continents.

The big deal for artificial intelligence software developer Beyond Limits came in September in the form of $133 million.

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Coty Buys a Piece of the Kardashian Brand

Makeup firm pays $200 million for stake in KKW Beauty.

Kim Kardashian West’s Woodland Hills cosmetics company KKW Beauty Inc. achieved a valuation of $1 billion this June when the model and reality television star sold a 20 percent stake for $200 million.

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Arcutis Jumpstarts Year With $159 Million IPO

Skin treatment startup looks past pandemic to launch first product.

In January, dermatology research company Arcutis Biotherapeutics Inc. raised $159 million when its stock debuted on the Nasdaq for $17 a share.

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For Drug Modeler, French Connection Pays Off

Quarterly report validates Simulations Plus’ acquisition of Lixoft earlier in the year.

Simulations Plus bought French medical software company Lixoft in April, despite a pandemic that hampered in-person communication.

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Heart Shunt Channels $98 Million Investment

V-Wave attempts a new type of medical device therapy for congestive cardiac condition.

Private medical device company V-Wave Ltd., based in Agoura Hills and Israel, managed to make a big impression with investors despite the pandemic that curtailed venture capital funding not related to COVID.

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Amazon Fresh Supermarkets Flourish in Valley

E-commerce giant fills storefronts to test format.

The San Fernando Valley has emerged as Amazon.com Inc.’s chosen testing ground for its new Amazon Fresh grocery concept.

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Insomniac Games Plays into Sony’s PS5 Launch

Console marketing features ‘Miles Morales,’ ‘Rift.’

Video games made by a Burbank development studio played a central role in the launch of Sony Corp.’s next-generation PlayStation 5 console.

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New Talent at Loop Media’s Content Shop

Greg Drebin brings expertise from Universal Music, MTV.

Short form video distributor Loop Media Inc. has brought on a veteran entertainment industry executive as the chief content and marketing officer for Loop Media Studios.

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Carbon Health Opens Testing Site in Simi Valley

Clinic starts with COVID based on current demand.

San Francisco-based urgent care chain Carbon Health opened its first clinic in Ventura County just before Thanksgiving — with its initial focus on COVID-19 testing, according to the company.

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New Leader Joins Adventist Health Foundation

Plans to expand fundraising streams in Simi Valley.

Seasoned Southern California philanthropy professional Ben Chandler has been tapped to lead the foundation arm at Adventist Health Simi Valley, the health care system announced Nov. 23.

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SBA Loans Debt of Choice During Pandemic

FINANCE: Manufacturing, professional service firms look to buy real estate.

Small businesses have found opportunities during the pandemic, creating a need for capital that SBA lenders have worked to fill.