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Princess Cruises Extends Sailing Pause

Princess Cruises has again postponed the resumption of cruising activity, this time through May 14.

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Public Storage Refreshes Board in Consultation With Hedge Fund

Public Storage has announced the appointment of two new members to its board of trustees.

Gelt and Uhon Secure $83 Million Bridge Loan for Watermark Project

Real estate developers Gelt Inc. and Uhon have secured $83 million in bridge refinancing on behalf of its joint venture The Watermark Apartments in Reseda.

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AROUND THE VALLEYS

AROUND THE VALLEYS

‘Workforce’ Multifamily for $29M

Mountain View Manor in Sylmar hosts 200 units.

Positive Investment has closed one of the largest 2020 deals in Los Angeles with its purchase of the Mountain View Manor apartments at 12960 Dronfield Ave. in Sylmar, where 200 units traded for $29.4 million, or $147,000 per unit.

Property Managers Wait for Other Shoe to Drop

LIST: Landlord reps worry December lockdown may undo rent collection gains.

Since the economy bottomed out last spring, rent collections at malls and other retail centers in North Los Angeles have seen monthly incremental hikes as landlords and tenants engage in a delicate dance of payment agreements.

Buying into Market Dip to Rebalance Portfolios

One of Jason Sands’ clients asked how he could help others financially during tough times.

Wealth manager Jason Sands sought to keep clients on track for their long-term goals during the year of crisis, while also meeting short-term needs.

Mortgage Brokers’ Bonanza

In midst of pandemic, low interest rates foster home-buying and refinance surge.

The coronavirus pandemic and efforts to suppress it have shaken the national housing market – and given some segments a considerable boost.

Semtech and Amazon Sign Third Deal

Latest agreement for cloud computing develoment.

Semtech Corp. has teamed with Amazon Web Services Inc. to offer its long range, low power wide area network (LoRaWAN) protocol for Amazon’s managed cloud service.

Eta Compute Series C Gets $12.5 Million

Investment features artificial intelligence marketing deal.

Eta Compute Inc. announced last month it had raised $12.5 million in a Series C round of funding.

First Home COVID Test In Valencia

Ellume’s $30 kit secures approval from the FDA.

Digital diagnostics company Ellume Inc., an Australian company with U.S. operations in Valencia, developed the first at-home COVID-19 test approved by the U.S. Food and Drug Administration.

Lancaster Looks to Form Health Agency

Antelope Valley city wants autonomy in regulation.

The city of Lancaster took a hammer to the Los Angeles County Department of Public Health, first backing a vote of no confidence in its director, Barbara Ferrer, then commissioning a study on how to form a separate public health department.

Cronies Sports Bar Defies COVID Crackdown

RESTAURANT: Agoura Hills watering hole racks up fines, loses permits and licenses.

Cronies Sports Bar and Grill, nestled in the Agoura Meadows Shopping Center at 5687 Kanan Road, entered the national spotlight last month as one of the first restaurants to openly defy Los Angeles County’s outdoor dining ban and continue serving patrons on site.

VALLEY INSIDER

Gaines Gets Tribute

At its Dec. 2 meeting on Zoom, the Calabasas City Council recognized Fred Gaines for his service.

Valley Microloans Add to $3 Million

City program seeks to convert debt to grants for struggling businesses.

In an effort to keep voters informed on which businesses were able to benefit from L.A.’s microloan program, Los Angeles City Controller Ron Galperin’s office launched a microloan tracker website at the beginning of December.

Publishers Find ‘Mag’ App Easy

MEDIA: Phone-based technology creates online magazines

Jake Warner needed a tool to streamline his workflow as a photographer and media manager for Red Bull’s auto racing series.

Valley Kaiser Permanente Staff to Appear in Rose Parade TV Segment

Staff from Valley facilities of Kaiser Permanente will participate in the health care organization’s 90-second video for “The Rose Parade’s New Year Celebration presented by Honda” on New Year’s Day.

State Small Business Fund Opens for Grant Applications

The state of California’s $500 million Small Business COVID-19 Relief Grant Program has opened its first round of applications

Three of L.A. Market’s Five Biggest Office Leases for 2020 in Valley

Three of 2020’s five biggest office leases in Greater Los Angeles occurred in the San Fernando Valley.

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AIDS Healthcare Foundation Protests Amgen Pricing for Orphan Drugs

The AIDS Healthcare Foundation in Los Angeles staged a socially distant protest at Amgen headquarters in Thousand Oaks in response to the biotech giant’s refusal to sell orphan drugs to nonprofit entities at a reduced price.