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AROUND THE VALLEYS

AROUND THE VALLEYS

HYDROGEN HUB

PROFILE: How Mayor R. Rex Parris is luring alternative energy companies to Lancaster.

Hydrogen companies from around the world including SGH2, Hitachi Zosen Inova and Toshiba are setting up shop in Lancaster, hinting at that area’s potential to become a premier alternative energy hub. Creating a welcoming environment for such companies is a motivator driving longtime mayor and career lawyer R. Rex Parris. SGH2 last year signed a deal with the Antelope Valley city to build a first-of-its-kind plant called S2 that will use a NASA-developed method to incinerate the city’s recycled waste to create hydrogen, which could be used to fuel vehicles. In this interview, Parris says it’s “inevitable” that Lancaster will be known as a hydrogen hub and explains why he’s a big believer in alternative energy.

AROUND THE VALLEYS

AROUND THE VALLEYS

Curtains Close IN NoHo

Pandemic and rising rents force small venues out of business.

A year after the coronavirus pandemic put a pause on the performing arts, five live theaters in the heart of North Hollywood are closing their curtains for good.

Theme Park Stores Open

Disney and Universal resume shopping, dining.

NBCUniversal’s Universal Studios Hollywood and Walt Disney Co.’s California Adventure theme parks are reopening shops and restaurants as state regulations promise the reopening of all theme parks at limited capacity as soon as April 1.

Local Businesses Hotbed of Support for Recall

RETAIL: Newsom’s restrictions fuel signature campaign.

A strong contingent of business owners in the San Fernando Valley want to see Gov. Gavin Newsom lose his job because of policies during the COVID-19 pandemic, particularly his stringent business restrictions.

Preview: Local Business Hotbed of Support for Recall

RETAIL: Newsom's restriction fuel signature campaign.

Princess Delays Cruise Return to June

Princess Cruises has yet again extended its pause on cruise activity. The Santa Clarita cruise line this time delayed its resumption of voyages in the Caribbean, Mediterranean, Mexico and California coast, including cruises out of the Port of Los Angeles, to June 30 at the earliest.

Court Issues Restraining Order Against Tin Horn Flats

Burbank City Council announced this week that a judge has issued a temporary restraining order against Tin Horn Flats, a western-themed bar, after the bar continued to operate despite multiple requests for it to comply with pandemic-related restrictions.

Universal Studios to Reopen Shops, Restaurants as State Loosens Theme Park Guidelines

Universal Studios Hollywood theme park will reopen shops and restaurants on weekends at its Universal City campus beginning March 12, while state regulations promise the reopening of all theme parks at limited capacity as soon as April 1.

Disney to Close 60 Retail Stores

Walt Disney Co. will shutter at least 60 of its Disney retail stores in North America this year.

Dine Brands Beats on Revenue, Misses on Earnings

Applebee’s and IHOP parent company Dine Brands Global Inc. beat Wall Street estimates for its fourth quarter revenue but missed on earnings.

AROUND THE VALLEYS

AROUND THE VALLEYS

Final Sale for Apex Global Brands

Apparel company will go private at discount price.

Apparel company Apex Global Brands Inc. will go private following its acquisition last month by Galaxy Universal, a wholesaling, sourcing and brand management company based in Centennial, Colo. Galaxy, which is privately held and focuses on the athletic, work and outdoor categories, will pay $2 a share for all outstanding shares of Apex, which trades on the over-the-counter market since being delisted from the Nasdaq in November.

Printful to Bigger Digs

Fulfillment center relocates to Valencia from Van Nuys.

Print-on-demand service Printful has found new digs in the Santa Clarita Valley.

Toy Industry’s Pandemic Boom

Disney, MGA benefit from stay-at-home spending.

Toy sales in the U.S. grew 16 percent last year to $25.1 billion, according to a January report from New York research company The NPD Group.

Service Opportunist

PROFILE: Hope of the Valley’s Ken Craft uses business tactics to combat homelessness.

Since founding Hope of the Valley Rescue Mission in 2009, former preacher Ken Craft has grown his nonprofit into one of the largest transitional housing and homeless service providers in the San Fernando Valley. With regulatory red tape and a strong NIMBY contingent limiting real estate options, the job has been anything but easy.

State Sparks a Hotelier Exit

HOSPITALITY: Project Homekey buys properties in downturn.

Local governments have purchased at least eight hotels in the San Fernando Valley and Ventura County for conversion into permanent homeless shelters through the state’s Project Homekey initiative.

Burbank City Council Revokes Bar’s Permit

Burbank City Council has revoked the conditional use permit for Tin Horn Flats, a western-themed bar, after the bar ignored multiple requests for it to comply with pandemic-related restrictions.

State Orders Burgerim to Refund Franchisees

The state has ordered fast casual burger chain Burgerim to refund $57 million in franchise fees paid by more than 1,500 would-be restaurant operators after finding the Encino company violated California’s franchise regulations.