SCV Business Journal January 2019

SANTA CLARITA VALLEY January 2019 | Vol. 11 | No. 01 | SCVBJ.com

Building Up IAC Properties starting next phase of major commercial development

What’s new in 2019 Changes all business owners need to know for the new year

The List

Who’s moving commercial real estate in SCV 1

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J A N UA RY 2019

CONTENTS COVER STORY 8

Building up: IAC Properties discusses new development

NEWS & FEATURES 6 12 18

A few things business owners should know Trends in commercial real estate New laws for 2019

REAL ESTATE DATA 14

Residential & Commercial

SCV BUSINESS VOICES 7 9 11 13 19 23

Mission Valley Bank Santa Clarita Valley Economic Development Corp.

Confidential Data Poole & Shaffery Henry Mayo Newhall Hospital Audiology Associates

SCV BUSINESS SERVICES 3 10 21 24

The List: SCV’s commercial real estate firms SCVEDC VIA SCV Chamber of Commerce

3 Teresa Todd was named chair of VIA for 2019. PHOTO BY DAN WATSON / THE SIGNAL

FROM THE EXPERTS 20 22

Ken Keller: Are your golden handcuffs strong enough?

Paul Butler: Whistle while you work

Providing strategies to help protect what our clients work so hard to build.

8

The latest on more than 1.3 million square feet of development. PHOTO

BY DAN WATSON / THE SIGNAL

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12 Yair Haimoff of Spectrum CRE is one of several experts to weigh in on trends for 2019. PHOTO BY AUSTIN DAVE / THE SIGNAL

J A N UA RY 2019

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PEOPLE, PLACES AND PICTURES

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2

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1. In December, The Signal’s Top Businesses Awards recognized leaders from throughout the Santa Clarita Valley’s business community, including Valencia Acura, Landscape Development, FivePoint, the Santa Clarita Valley Economic Development Corp., the city of Santa Clarita, College of the Canyons, Henry Mayo Newhall Hospital, Kaiser Permanente and Poole & Shaffery. 2. The Center at Needham Ranch, in development since the early 2000s, has now made visible progress on its master-planned business park. The project’s developers, brokers and various stakeholders, as well as local officials, recently gathered at the construction site between Highway 14 and downtown Newhall to celebrate that the building is now in its “walls-up” phase. 3. The Santa Clarita Valley’s largest developer gave big this holiday season, with the announcement that it will cover the developer’s fees for the new Santa Clarita Valley Senior Center, which is currently under construction. The donation could exceed $250,000 due to the size of the state-of-the-art senior center being built near the center of the SCV. 4. State Sen. Scott Wilk, R-Santa Clarita, swears in the 2019 Valley Industry Association’s board of directors at the Valencia Country Club in December. To find out the latest on how VIA is supporting the Santa Clarita Valley’s business community, check out page 21. PHOTOS 1, 2 and 4 BY DAN WATSON / THE SIGNAL. PHOTO 3 BY GINA ENDER / THE SIGNAL

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TOWN CENTER RELEASES RENDERING OF CHANGES, INTRODUCES NEW FAMILY LOUNGE AND DESIGNS

WESTFIELD ANNOUNCES $20 MILLION IN UPGRADES

BY PERRY SMITH Business Journal Editor

T

he dedicated shopper might have noticed some subtle changes around Westfield Valencia Town Center over the last few months.

New landscaping ideas were introduced. New designs have been carefully tested. New artwork has been discussed.

And now, it’s time to announce.

Westfield officials gave The Signal the first look at a rendering for how i planning to invest $20 million in renovations at the Valencia mall.

In addition to a new Town Center Drive entrance for the shopping center, there will also be a new family lounge with an additional children’s play area, store facades and other changes that will be “touching every surface of the interior mall,” said Corrine Barchanowicz, senior general manager for Westfield Valencia Town Center.

The upgrades are designed around the community the mall serves, she noted, adding as an SCV mom with a small child herself, she expects the expanded amenities will be very popular with parents and their kids.

“We loved all of the family qualities of the community here in Santa Clarita, and we wanted to make sure here at Westfield, we really bring that,” she said. “It’s not just about shopping. We really are a lifestyle destination for the community, and that encompasses everything, obviously from shopping but also includes the success of our dining and growing our entertainment experiences, as well.”

The work is supposed to begin in the first quarter of next year, and wrap up around the holidays.

The changes are the most significant development to the Westfield Valencia Town Center since the addition of the Shops at The Patios, which was completed in 2010. Part of the idea with these most recent changes is to create “a more seamless overall experience” between The Patios and the interior, according to Unibail-Rodamco-Westfield officials.

The $20 million renovation project will also include a new signature

A rendering of the upgrades coming to the Westfield Valencia Town Center. COURTESY PHOTO children’s play space and a second family lounge area to offer families added convenience and enjoyment as they move through the center between Town Center Drive and the Patios.

In addition, enhancements to the entry at Town Center Drive will include a new façade and awnings.

Westfield’s relationship with both the city of Santa Clarita and California Institute of the Arts expects to add new artwork from local artists, as well.

Since the acquisition of Valencia Town Center, Westfield, which is now Unibail-Rodamco-Westfield, has continually invested in the

property, adding a number of retailers, including Apple, Lululemon and Brighton Collectibles. There have also been several dining additions since the acquisition, such as The Canyon-Santa Clarita, The Cheesecake Factory, The Dudes’ Brewing Company and Saddle Ranch Chop House.

WESTFIELD WELCOMES NEW ARRIVALS

BY TAMMY MURGA Signal Staff Writer

T

his Thanksgiving, Westfield Valencia Town Center shoppers were the first customers to step inside the Japanese retailer Miniso, the first in the Santa Clarita Valley.

Still, more “firsts” are underway, mall officials said Tuesday.

In addition to Miniso opening, visitors can expect to see green juice company Pressed Juicery and soft-serve ice cream shop Honeymee locations in early 2019, as well as the

expansion of House of Bounce.

“We want to bring first-to-market brands to the property and offer something that is not otherwise available in the Santa Clarita Valley,” said Corrine Barchanowicz, mall senior general manager. “We don’t want people to go over the valley.

We want to be people’s first-choice destination.”

This comes after Pandora and Journey’s Kids openings and the announcement of $20 million in design and decoration renovations.

The addition of these locations has shown much success since,

particularly evident with Miniso.

Store Manager Diamond Jones said the Japan-based store was among the top five with most sales on Black Friday, its second day in operation.

The strategy behind bringing the Japan-based store to the Valencia mall was to serve customers in the market, regardless of how far they may come from, said Barchanowicz.

“We want to be that lifestyle destination,” said Barchanowicz.

“It’s a mix of shopping, dining and entertainment and we are certainly growing in all those categories.”

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After years in the making, Eazy Treezy inventor Ryan Wach, of Valencia, traveled to the U.K. to pitch his product to “Dragons’ Den” investors. Eazy Treezy is a drop-in Christmas tree stand that can secure trees as tall as 10 feet tall, allowing for a quick, effortless self-setup.

The product’s design and function remain patent pending, according to Wach.

For more on Wach’s story, check out The Signal’s Business section online at SignalSCV.com.

PHOTO BY CORY RUBIN / THE SIGNAL

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January 2019 | Vol. 11 | No. 1

EDITORIAL

EXECUTIVE STAFF

EDITOR Perry Smith psmith@signalscv.com 661-287-5599

Richard Budman rbudman@signalscv.com 661-287-5501

PUBLISHER

ADVERTISING DIRECTOR

ADVERTISING MULTIMEDIA ACCOUNT EXECUTIVES Roni Charleton, Maureen Daniels, George DeMarois, Toni Sims, Peter Smith

Brad Lanfranco blanfranco@signalscv.com

ART/PRODUCTION PRODUCTION MANAGER Doña Uhrig PHOTOGRAPHERS Austin Dave, Eddy Martinez Cory Rubin, Dan Watson

A Proud publication of

ADVERTISERS INDEX

Audiology Associates, Confidential, Fast Frame, Henry Mayo, LBW, Liberty, Mission Valley, Poole & Shaf, R&R, SCV Chamber, SCV EDC, VIA

FROM THE EDITOR Looking ahead to 2019, there’s good reason to have a positive outlook on the Santa Clarita Valley’s business community.

While there are housing challenges in Los Angeles County, we have thousands of homes on the way in the SCV, a mix of masterplanned apartments, condominiums and single-family homes that promise new, state-of-the-art, energy-efficient options.

The Santa Clarita Valley should also continue to see new and innovative companies appearing, as the SCVEDC continues to work to attract industry, helped by new commercial space that’s under construction, as well, which is our cover story featured on page 8.

We know there will be new and challenging regulations, as evidenced by our stories on page nos. 6 and 18; however, the local business community has shown nothing if not resilience to these obstacles, as well as an uncanny ability to turn them into opportunity, time and again.

Each year, the business community sees new leaders, projects and ideas emerge, and we look forward to seeing how they’ll achieve their goals, all while we continue to bring the Santa Clarita Valley business community the news and information it relies on to stay informed.

Enjoy and thanks for reading, Perry Smith, Editor Santa Clarita Valley Business Journal Santa Clarita Valley Business Journal (a Signal publication), © 2018, is published monthly by the Santa Clarita Valley Signal newspaper, Paladin Multi-Media Group, Inc., 26330 Diamond Place, Santa Clarita, CA 91350. The SCV Business Journal is intended to provide business executives with a cross-section of industry news and information, trends and statistics that impact our growing community. Information gathered in the pages of the SCV Business Journal has been collected from what are considered reliable sources, and is believed to be accurate, but cannot be guaranteed. Articles may not be reprinted without publisher’s written permission. For reprint requests, please call 661-259-1234.

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SCV ATTORNEYS TO COVER EMPLOYMENT LAW UPDATES

BY TAMMY MURGA

disclosure of factual information related to sexual harassment, assault or discrimination claims.

Assembly Bill 3109 also touches on settlement agreements. The new law voids provisions in a contract or settlement agreement that prevents a party to the contract from testifying about criminal conduct or sexual harassment in an administrative, legislative or judicial proceeding.

Signal Staff Writer

I

n late September, Gov. Jerry Brown signed into law several bills that will alter the landscape for California employers come January 2019. With the new year just weeks away, local attorneys want business leaders to understand and prepare for the new state employment laws.

On Jan. 10 at the Hyatt Regency Valencia, attorneys Brian Koegle and David Poole of Poole & Shaffery, LLP, are set to deliver the “Be Afraid. Be Very Afraid!” 2019 Employment Law Update presentation.

“This is a situation where we have a very active government and they’re constantly changing the rules,” said Koegle. “My job is to make sure everyone is aware of what the rules of the road are — because if you don’t know, then you can’t drive.”

Employment laws that go unnoticed by business professionals could

Brian Koegle of Poole & Shaffery, along with David Poole, plan to update employers on laws they should know. PHOTO BY TAMMY MURGA / THE SIGNAL cause significant and costly mistakes, where one mishap can result in “tens of thousands if not hundreds of thousands of dollars in penalties and expenses,” Koegle said.

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This session, California lawmakers had multiple workplace-related bills to consider, including sexual-harassment prevention, contractor liability and salary history. Here are some that Poole & Shaffery attorneys will preview: SEXUAL HARASSMENT Law currently in place requires employers with 50 or more workers to provide supervisors with sexual harassment training, but Senate Bill 1343 changes the requirement to businesses with five or more employees. Training would be mandatory for all workers by Jan. 1, 2020, and once every two years thereafter.

Employers are recommended to start thinking about a plan on how to best execute training, while the California Department of Fair Employment and Housing prepares material that business leaders could use for workers.

Brown also signed a bill that would change settlement agreements for sexual harassment claims (SB 820), which voids any provision in a settlement agreement that restricts

CONTRACTOR LIABILITY AB 1565 took effect immediately as an urgency statute. The bill clarifies that direct contractors working in the state are liable for unpaid wages by subcontractors.

To withhold payments, contractors must specify in contracts with subcontractors all items of information needed from the subcontractor, such as payroll records.

WOMEN ON BOARDS OF DIRECTORS Depending on the size of their boards of directors, California companies could have to appoint women under SB 826.

Covered corporations must have at least one woman on their board by the end of 2019. Two years thereafter, businesses with six or more directors should have three female directors, two if the board is made up of five members and one female for those with four or fewer directors.

Other employment-related laws signed by Brown include lactation accommodations, relief for unionized construction employers, human trafficking, on-call rest breaks, paid family leave uses and criminal history inquiries.

The 2019 Employment Law Update will also cover De Minimis unpaid time and rounding timekeeping policies, calculating overtime payments for non-exempt employees and employment arbitration agreements in California.

For tickets for the Jan. 10 event, hosted by the SCV Chamber of Commerce, visit EmploymentLawrsvp.com or call 661702-6977. Tickets are $55 for members of the SCV Chamber and $65 for nonmembers. Seats are limited and sell out quickly. You can visit scvchamber.com to become a member.

AB 1565 clarifies that direct contractors working in the state are liable for unpaid wages by subcontractors. COURTESY PHOTO

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SCV BUSINESS VOICES

A GUIDE TO PLANNING IN 2019 TAMARA GURNEY

President and CEO of Mission Valley Bank

A

s the end of the calendar year quickly approaches, a common New Year’s resolution is to take control of your finances.

This year, resolve to plan ahead.

The best way to start is by dividing your financial planning into quarters, which helps to easily streamline your financial future.

FIRST QUARTER: JANUARY TO MARCH The first step to planning ahead is looking back. Major changes in your personal life in the past year can affect this year’s finances. If you got married, divorced, had a child or grandchild, review and revise financial and legal considerations that may arise.

Since estate tax rules and plans can change every year, take the opportunity to update outdated documents.

SECOND QUARTER: APRIL TO JUNE Reevaluate retirement plans and ask yourself how much you have now and how much you need in the future. Consult your Trusted Advisor to ensure saving and investment strategies answer those questions and align with personal goals, particularly if you have had a change in your life or circumstances.

Adequate insurance coverage provides financial reassurance.

Review and update all policies.

An important but often overlooked aspect of personal financial planning is online banking accessibility. Compile a comprehensive list of accounts, usernames and passwords for your reference, and keep it in a safe place.

THIRD QUARTER: JULY TO SEPTEMBER Conduct a midyear review of income and expenditures.

Review January to June, and adjust accordingly for August through December. Check your credit report and report any discrepancies to appropriate agencies. A midyear evaluation can also reveal if anyone else is using your identity and trying to

obtain credit.

Request a personal earnings and benefit estimate statement from the Social Security Administration that summarizes your social security earnings history and provides an estimate of the benefits to which you are entitled.

FOURTH QUARTER: OCTOBER TO DECEMBER Estimate taxes and take the

appropriate steps to minimize them before years’ end. Consider making gifts and charitable donations in the fourth quarter to ensure timely deductions.

In November, start year-end planning and resolve major issues before Dec. 31. Finally, review your progress for the year. Recalculate net worth and compare against the beginning

of the year to see how well you did throughout the year.

Mission Valley Bank is a locally owned, full service community business bank headquartered in Sun Valley, with a branch office/business banking center in Santa Clarita. Tamara Gurney can be reached at (818) 394-2300. For more information visit www.MissionValleyBank.com.

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BUILDING UP FOR NEW GROWTH

BY PERRY SMITH Business Journal Editor

H

ailed as the most significant construction of space for the business community in about 10 years, IAC Properties is bringing a little more than 1.3 million square feet of development to the Santa Clarita Valley.

And as far as the business community is concerned, it can’t come soon enough. And it’s putting the Santa Clarita Valley in a position to be a business growth leader for the region.

“This is the only place that’s growing — the Santa Clarita Valley is bringing new and industrial product at a scale and at a rate greater than anywhere else in Los Angeles County,” said Holly Schroeder, president and CEO of the Santa Clarita Valley Economic Development Corp., which works with businesses, as well as city and county officials to attract and promote commerce and industry locally. “It hasn’t been happening for a decade anywhere, and there’s pent-up need.”

The development, along with Valencia Gateway V, which represents more than 650,000 square feet of mixed use, are a part of more than 2 million square feet of prime developable space, some of which is already in use or development, according to SCVEDC officials.

The developments are a vital need for businesses to grow, but also a perfect fit for an area expected to see an influx of master-planned housing communities to complement the businesses with new workers “If we want to keep these businesses in Los Angeles, and in California, we have to make sure they have opportunities to grow — and so we need to have these opportunities for them here,” Schroeder said, referring to how some of the SCV’s competitors have older facilities that might not meet the specifications of modern transportation and manufacturing businesses.

PLAN IN ACTION IAC Properties is now under way with this second phase, with nearly 400,000 square feet already in use by the tenants of three buildings constructed in phase 1.

“Two of those buildings are fully leased,” Perlmutter said, noting all of the current tenants regularly conduct business in the SCV and moved to the IAC Properties development

Left: Cement finishers pour cement into a form as they work at the phase two site of IAC Properties in the Valencia Commerce Center in December. PHOTO DAN WATSON / THE SIGNAL Right: Aerial views of the phase 2 site and phase 1 buildings at the top of IAC Properties in the Commerce Center Valencia. COURTESY PHOTO

attractions, said Larry Krasner, presibecause they needed space to expand their respective businesses. dent and chief investment officer of Mechanix Wear, which develIAC. ops gloves for heavy-duty work, is The modern needs of businesses headquartered were exactly what in Santa Clarita, THE DEVELOPMENTS IAC Properties — and changed its which formerly ARE A VITAL NEED space. went by Interna“Mechanix tional Airport CenFOR BUSINESSES TO Wear has had a ters, but changed GROW, BUT ALSO great success in to IAC as the A PERFECT FIT FOR new sales opporcompany’s brand tunities, product AN AREA EXPEC TED expanded beyond line expansion, its initial space of TO SEE AN INFLUX seasonal display airport-related deOF MASTERvolume and velopments — had supply chain PLANNED HOUSING in mind, when the increases, requirspace was designed, COMMUNITIES TO ing this expanaccording to MiCOMPLEMENT THE sion to occur,” chael Perlmutter, Douglas Hunter, BUSINESSES WITH director of leasing.

Mechanix Wear’s NEW WORKERS However, locadirector of option, the surrounderations, said in ing area and the a prepared stateavailable workforce offered in Santa ment. “Our CEO, Michael Hale, was Clarita are also aspects the area heading this project and saw great touts. The proximity to the freeways potential in the IAC buildings near and a major market like Los Angeles our facility. The location, size and means the interest has been diverse. layout fit our operational needs.”

“It’s interesting, because we’ve Shortly after moving into its new seen a wide range of different usspace, the company quickly saw its planned expansion come to fruition, ers,” Perlmutter said, discussing the Perlmutter added, which is the idea. interest from various potential tenThe current 216,320-square-foot ants. “We’ve seen people from just project is expected to be completed purely warehouse distribution and in April of 2019, he added. manufacturing; we’ve seen interested parties from aerospace and defense STATE OF THE ART and the entertainment industry. The The master-planned, 116-acre nice thing about the building is we business park just began the second can accommodate a large number of phase of its construction, and the employees.” building’s newness is only one of its

‘THE RIGHT BALANCE’ A representative for one of those tenants, Covercraft Industries, shared about experiences throughout the country, and then added he hadn’t found a comparable match for what the Valencia area offers.

Covercraft Industries, the world’s largest manufacturer of custompatterned vehicle covers, was able to have a say in the design of the office space, which was a big benefit and very helpful in making sure the building suited the company’s needs, said Morgan Ein, executive vice president of sales and marketing.

The cost was a big factor that made the Santa Clarita Valley the most competitive location when the company was first looking to move operations out of the San Fernando Valley about 10 years ago, Ein said.

But there were also a lot of intangibles the area offered that might have been harder to quantify on the spreadsheet.

“The cost per square foot of industrial real estate,” Ein said, was a factor, sure. “When you look at all the clusters of industrial real estate throughout Los Angeles — and you look at Santa Fe Springs, (city of) Commerce, Van Nuys, and then you look at Valencia, and it’s such a beautiful, family-friendly environment … There’s a real draw to owning and operating a business in Santa Clarita, and for that very reason, if you have to choose between those industrial areas, then Valencia wins every time.”

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SCV BUSINESS VOICES

STRENGTHEN YOUR WORKFORCE THROUGH INTERNSHIPS HOLLY SCHROEDER President & CEO of SCVEDC

S

anta Clarita Valley (SCV) is home to nearly 300,000 residents and a variety of companies. Thanks to a businessfriendly environment, continuous positive economic growth, and a city that supports ongoing improvements in key infrastructure, our roster of fantastic companies calling the SCV home continues to grow.

However, finding well-trained and qualified talent can be difficult when the labor market is tight. That’s why SCVEDC’s Board of Directors has set a priority for supporting economic development programs that help employers grow their own talent. Having an internship program at your company is one way companies can do this.

Why hire interns? Here are a few benefits of a robust internship program: Fresh perspective — it can be invigorating to a project or a team to get insight from someone who is outside your organization. Be sure to include your interns in brainstorming sessions.

Improve your social media presence — most young people are experts at social media: Why not leverage this experience to create an outward-facing presence for your company that will be appealing and relevant to the next generation?

Create mentorship opportunities in your company — placing current employees in leadership positions over interns is a great way to cultivate a strong morale and encourage accountability and motivation within your organization.

Entry-level hires — 80 percent of Fortune 500 companies retain their interns as entry-level hires. Your interns will already understand your company culture and values.

Now is the perfect time to start planning your internship

program. SCVEDC has an internship job board that will match qualified students with local companies seeking to hire interns — either for the summer as students return home from school, or during the year for students attending local colleges and universities. SCVInternships.com provides resources for

both students and businesses. If you are a student looking for a paid internship, or are an employer seeking an intern in the Santa Clarita Valley, this is your go-to website.

Workforce development is a high priority for the SCVEDC. Cultivating student internships in local businesses will both train

up a new generation of employees and strengthen employer engagement to build upon great workforce training models already in place in the Santa Clarita Valley.

If you have questions about these programs, contact SCVEDC at (661) 288-4400 or scvedc@ scvedc.org.

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ECONOMIC DEVELOPMENT CORPORATION SANTA CLARITA VALLEY

26455 Rockwell Canyon Road | UCEN 263 | Santa Clarita, CA 91355 | (661) 288-4400 | www.scvedc.org

2019 ECONOMIC OUTLOOK FORECAST TO BE HELD MARCH 14

By Holly Schroeder President and CEO of the SCV Economic Development Corp.

W

ant to learn more about the local economy and how innovations in the workplace, real estate, education and community will impact your business?

Please join the Santa Clarita Valley Economic Development Corporation for the 2019 Economic Outlook Forecast to be held on March 14 at the Hyatt Regency in Valencia.

This year’s theme is “Santa Clarita Valley — Leading in an Age of Innovation.” Tickets are now available at an early-bird discount.

As always, the Economic Outlook will include an in-depth look into our national and local economies, as well as discuss global trends. This is the only event that provides a detailed economic forecast at the local level.

A limited number of sponsorships are still available. Outlook sponsors receive reserved seating, ad space in our Economic Outlook Book, recognition across our social media channels, and event recognition.

Check out the official podcast of SCVEDC to learn more about the innovative SCV businesses that are making a difference in our community.

Listen now at: www.scvedc.org/podcast Contact us to learn more or visit www.scvedc.org/outlook.

Event Details Date: March 14, 2019 Registration: 1:30 p.m.

Conference: 2-5 p.m.

Cocktail reception to follow Tickets are selling quickly, and we fully anticipate that this

event will sell out so do not delay in purchasing your tickets!

For more information or to register visit www.scvedc.org/ outlook.

The Santa Clarita Valley Economic Development Corporation (SCVEDC) is a unique private / public partnership representing the united effort of regional

industry and government leaders. The SCVEDC utilizes an integrated approach to attracting, retaining and expanding a diversity of businesses in the Santa Clarita Valley, especially those in key industry clusters, by offering competitive business services and other resources.

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SCV BUSINESS VOICES

FREE AIRLINE TICKETS? DON’T BUY IT JULIE M. STURGEON

Certified Public Accountant

Y

ou’re scanning Facebook, catching up on a high school friend’s latest antics, when an offer pops up for free airline tickets.

Within minutes, a similar message arrives in your email inbox. The claim? At no cost to you, you’ll get airline tickets enabling you to travel anywhere in the continental United States. To receive your tickets, simply answer four basic questions, and share the offer with 10 of your friends and family. Sound like a great deal?

The free-ticket scam is a revised version of a classic phishing ploy. It’s a way steal your personal information,

sometimes introducing malevolent software (malware) to your computer or phone. If you share the offer with your friends, they may become victims, as well. The con may also subject you to a baitand-switch swindle. To collect your free tickets, you may be required to attend a highpressure sales presentation at your own expense.

How can you avoid the “free” ticket rip-off?

Check out the URL. Copy and paste the website address from your browser’s address bar to a plain text application like Notepad. When displayed as plain text, bogus URLs (for example, addresses containing foreign language

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characters) often become more apparent.

Don’t click. Clicking on hyperlinks in the email or post could expose your computer to malware. Bookmark frequently visited sites, or type them in manually.

Search for typos. Although legitimate businesses sometimes fail to catch mistakes, a post or email riddled with errors is a red flag.

Don’t trust the generic. If the communication is addressed to “Dear Customer” and doesn’t mention your name, flyer rewards number or other personal identifier, odds are it’s bogus.

If you think you’ve been targeted by this scam, file a

complaint with the administrators of your social media network. Ignore the post.

Delete the email.

If it sounds too good ...

According to the FBI, there are over 14,000 scam artists at work on any given day. Perhaps the information presented here will help you avoid becoming a victim. If you have questions, please call us.

Remember, if it sounds too good to be true, it may well be a scam. n Julie M. Sturgeon is a certified public accountant in Valencia with more than 20 years of experience, specializing in individual and business tax issues. For more information, visit santaclaritatax. com.

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12 · S A N TA C L A R I TA VA L L E Y B U S I N E S S J O U R N A L

J A N UA RY 2019

BUSINESS LEADERS DISCUSS COMMERCIAL REAL ESTATE TRENDS

BY TAMMY MURGA Signal Staff Writer

T

his year proved to be a successful one for the commercial real estate industry in the Santa Clarita Valley.

With 2019 only weeks away, how does the forecast look like? Local experts believe the area can expect another prosperous 12 months.

In determining this, leaders from Spectrum Commercial Real Estate, Inc. and CBRE shared three trends strongly present in 2018 and how each is expected to dominate the sector in the coming year.

INTEREST RATES The U.S. economy has kept a steady, robust status, with jobs growth increasing and the unemployment rate at just below 4 percent, a 50-year low.

To prevent a robust economy from overheating, Fed officials have hinted raising rates. Industry experts believe, however, that it may be harder for additional rate increases if inflation continues to soften into the new year.

The uncertainty of whether rates would rise or drop could affect investments and property values, according to Yair Haimoff, executive managing director for Spectrum CRE. “Interest rates have gone up … they haven’t affected pricing, yet,” he said. “If they rise above 6 percent, that may affect the investment side because investors are looking for a certain return. You never know what will happen next year but we want the Feds to take it easy and not raise rates up too high.”

Haimoff said 2018 has been overall “healthy, with a high volume of transactions,” adding that if interests rates fail to skyrocket, then the value of properties could remain stable.

INDUSTRY CLUSTER EXPANSION The primary industry clusters in Southern California have garnered a “tremendous amount of positive news and growth, especially in the Santa Clarita Valley,” said Craig Peters, the executive vice president of CBRE. The three that fall into the cluster, he said, are entertainment, aerospace and defense.

“We have significant growth in the entertainment industry, with lots of companies looking at our projects in Santa Clarita,” he said.

ABOVE: Yair Haimoff of Spectrum CRE offered caution about how interest rates could impact affordability. RIGHT: Mechanix Wear’s expansion was one of several high-profile moves in 2018 that helped bolster the SCV business community. SIGNAL FILE PHOTOS

“The aerospace and defense industo three times the total economic tries should see positive impacts impact. moving into 2019.

“These deA lot of compavelopments will The aerospace and nies are looking bring thousands defense industries for significant of jobs,” he said. expansion so we should see positive “Every time you have quite a lot have industrial impacts moving of activity in our jobs in the marinto 2019. A lot projects.” ket, that leads to Among those of companies are two to three times projects, which looking for significant more jobs because CBRE is behind expansion so we have you have other as a lender, is services there, quite a lot of activity in like restaurants to the Center at Needham Ranch, our projects.” serve employees between Highway and another Star14 and downtown Newhall. Over bucks on the corner. Santa Clarita seven state-of-the-art buildings, the has space for growth.” project will include up to 4.3 million PREDICTING THE NEXT RECESSION square feet of industrial, office and Despite its difficulty in predictresearch space. The IAC Commerce ing, many are looking for signs of Center, a 116-acre business park in the next economic downturn as the Valencia, is also in the works. economy reaches a 10-year expanPeters said this industrial boom will add to the local economy, two sion. Peters and Haimoff said that

“

although they cannot say exactly when they do not expect a recession happening in 2019.

“From a real estate perspective, I don’t see that happening,” said Haimoff. “The market is still healthy. When we got hit with the recession (2007-09), we had a different type of market. Now we don’t have much of an inventory, with buyers putting half of the money down and others paying in full. I don’t see the market going in a different direction.”

Peters said because no one has a clear indication of the future, the focus should be elsewhere. “Those macroeconomic issues and state issues, we can’t do much about. Let’s worry about what we can control: building functioning state-of-the-art buildings and that’s what we’ve been doing with our projects.”

“The crystal ball gets cloudy in 2020, but 2019 may be a fairly good year,” he added.

13

J A N UA RY 2019

SCV BUSINESS VOICES

REGULATIONS FOR PROPOSITION 65 JOHN H. SHAFFERY, ESQ.,

Partner at Poole & Shaffery

T

his past August, new regulations relating to Proposition 65 compliance took effect in California.

In 1986, California voters approved Proposition 65, a ballot initiative designed to not only protect drinking water sources from toxic substances that may cause cancer and birth defects, but to protect Californians from exposure to such chemicals generally by requiring warnings.

As of 2018, there are more than 900 listed chemicals that trigger the requirement for a Proposition 65 warning.

The Proposition 65 list of potential contaminants contains a wide range of naturally occurring and synthetic chemicals used in manufacturing and construction, as well as byproducts of chemical processes, such as motor vehicle exhaust, and even common household products, such as drugs, dyes and certain foods and beverages.

The new regulations that become effective on Aug. 30, 2018, include the following for all warnings: • the name of at least one listed chemical that prompted the warning; • the Internet address for the new Proposition 65 warnings website: P65Warnings.ca.gov, on the warning itself; and • a triangular yellow warning symbol.

Additional warnings that may be triggered include •

tailored warnings that provide more specific information for certain kinds of exposures, products and places;

•

the need to provide website warnings for products purchased over the internet; and

•

provide warnings in languages other than English in some cases (i.e., when signage, label or shelf tag includes information in a language in addition to English).

Under the new regulations, a sample new warning will now state: “WARNING: This product can expose you to chemicals

including arsenic, which is known to the State of California to cause cancer. For more information, go to www.P65Warnings.ca.gov.”

The new regulations also clarify that manufacturers have the primary responsibility for providing Proposition 65 warnings. However, the new warning requirements will not be required for products manufactured before Aug. 30, 2018 as

I N

long as they meet the requirements that were in effect at the time of their production.

Although the new regulations may provide some clarity especially with respect to safe harbor warnings, unfortunately, what has not changed is the ability for private enforcement by attorneys for alleged Proposition 65 violations. In 2017, approximately $45 million in judgments

C E L E BR AT ION

OF

and settlements were awarded/ reported, of which approximately 75 percent was designated as “attorney’s fee and costs.”

Poole & Shaffery LLP headquarters are located at 25350 Magic Mountain Parkway, Second Floor, in Santa Clarita. You can reach the firm by calling (661) 290-2991 and more information can be found at www.pooleshaffery.com

T W E N T Y

Y E A R S TM

2019 Employment Law Update

Thursday, January 10 at 11:45 a.m. • Hyatt Regency, Valencia

You can register online at: employmentlawrsvp.com Take the short Employment Law Update 2019 Survey at:

www.scvedc.org/survey

CO-HOST & EVENT ORGANIZER

The results will be presented at the January 10 Event!

For more information on this upcoming event, contact us at: 661-702-6977

Poole & Shaffery, LLP is a full service business law firm offering its clients services in: Employment Counseling and Litigation, Corporate and Business Transactions and Litigation, Cyber Security, Data Breach & Internet Privacy, Regulatory Compliance and Corporate Governance, Business Succession and Estate Planning, Trust Administration

Santa Clarita

25350 Magic Mountain Parkway, Second Floor Santa Clarita, CA 91355

(661) 290-2991 | www.pooleshaffery.com Producing results for our clients throughout California

Santa Clarita | Los Angeles | San Francisco | San Diego | Orange County

14 · S A N TA C L A R I TA VA L L E Y B U S I N E S S J O U R N A L

J A N UA RY 2019

RESIDENTIAL REAL ESTATE

Source: Santa Clarita Valley Economic Development Corporation

Housing Stats - Santa Clarita Valley

November’18

October’18

November ’17

SCV Median Home Value SCV Median Condo Value SCV Home Sales

$560,000 $595,000 $580,000 $390,000 $399,000 $383,500 188 175 171

November ’18

SCV Condo Sales 67 SCV Avg. # of Days on Market (SF) 83 SCV Single Family Home Inventory 485

October ’18

November’17

73 66 475

82 91 303

November Sales Acton 11/2018 New Listings . . . . . . . . . . . . . . . . . . . . . 6 Total Active Listings . . . . . . . . . . . . . . 47 New Escrows Closed . . . . . . . . . . . . . 11 Median Sale Price . . . . . . . . . . . $549,000

11/2017 ............................. 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43 ............................. 5 . . . . . . . . . . . . . . . . . . . . . . . . $580,000

Newhall 11/2018 New Listings . . . . . . . . . . . . . . . . . . . . 13 Total Active Listings . . . . . . . . . . . . . . 33 New Escrows Closed . . . . . . . . . . . . . 24 Median Sale Price . . . . . . . . . . . $550,000

11/2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 . . . . . . . . . . . . . . . . . . . . . . . . $486,000

Agua Dulce New Listings . . . . . . . . . . . . . . . . . . . . . 2 Total Active Listings . . . . . . . . . . . . . . 21 New Escrows Closed . . . . . . . . . . . . . . .2 Median Sale Price . . . . . . . . . . . $639,000

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4 . . . . . . . . . . . . . . . . . . . . . . . . $680,000

Saugus New Listings . . . . . . . . . . . . . . . . . . . . 37 Total Active Listings . . . . . . . . . . . . . . 90 New Escrows Closed . . . . . . . . . . . . . .34 Median Sale Price . . . . . . . . . . . $545,000

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54 . . . . . . . . . . . . . . . . . . . . . . . . $535,000

Canyon Country New Listings . . . . . . . . . . . . . . . . . . . . 41 Total Active Listings . . . . . . . . . . . . . . 21 New Escrows Closed . . . . . . . . . . . . . 46 Median Sale Price . . . . . . . . . . . $515,000

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 113 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .48 . . . . . . . . . . . . . . . . . . . . . . $517,000

Stevenson Ranch New Listings . . . . . . . . . . . . . . . . . . . . . 8 Total Active Listings . . . . . . . . . . . . . . 16 New Escrows Closed . . . . . . . . . . . . . . 5 Median Sale Price . . . . . . . . . . . $695,000

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 . . . . . . . . . . . . . . . . . . . . . . . . $637,500

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .17 . . . . . . . . . . . . . . . . . . . . . . . . $550,000

Valencia New Listings . . . . . . . . . . . . . . . . . . . . 37 Total Active Listings . . . . . . . . . . . . . . 83 New Escrows Closed . . . . . . . . . . . . . 49 Median Sale Price . . . . . . . . . . . $640,000

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 77 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 76 . . . . . . . . . . . . . . . . . . . . . . . .$510,000

Castaic New Listings . . . . . . . . . . . . . . . . . . . . 21 Total Active Listings . . . . . . . . . . . . . . 54 New Escrows Closed . . . . . . . . . . . . . 17 Median Sale Price . . . . . . . . . . . $490,000

COMMERCIAL REAL ESTATE

26477-26557 Golden Valley Road

(INDUSTRIAL, OFFICE, RETAIL AND LAND) Retail Buildings

Sq. Ft.

GATEWAY VILLAGE 28225 Newhall Ranch Road 28231 Newhall Ranch Road 28233 Newhall Ranch Road 28307 Newhall Ranch Eoad

8,090 1,500 1,500 1,275

Sale/Lease Lease Lease Lease Lease

Price $2.50 SF/MO/NNN $3.25 SF/MO/NNN $3.25 SF/MO/NNN $3.25 SF/MO/NNN

COOPER RANCH PLAZA 25170 Rye Canyon Road

2,100

Lease

$3.00 SF/MO/NNN

SECO CANYON VILLAGE 27959 Seco Canyon Road 27935 Seco Canyon Road

1,600 1,210

Lease Lease

$2.50 SF/MO/NNN $2.50 SF/MO/NNN

THE PROMENADE @ TOWN CENTER 27033 McBean Parkway

1,695

Lease

$4.25 SF/MO/NNN

DEL RIO CENTER 23001 Soledad Canyon Road 23005 Soledad Canyon Road

1,200 1,200

Lease Lease

$1.95 SF/MO/NNN $1.95 SF/MO/NNN

PLAZA DEL RANCHO 27674 Newhall Ranch Road Suite # D 5

1,450

Lease

$2.50 SF/MO/NNN

1,200 - 40,000

Lease

Negotiable

REDDY PLAZA (FORMERLY SANTA CLARITA PLAZA) 26811 Bouquet Canyon Road 1,000 - 3,500

Lease

$1.75-$2.25 SF/MO/NNN

SANTA CLARITA MARKETPLACE 26910 Sierra Highway; Suite # D-2

1,400

Lease

$3.00 SF/MO/NNN

VISTA CANYON Lost Canyon & Sand Canyon

1,200 - 40,000

Lease

Negotiable

CASTAIC VILLAGE CENTER 31810 - 31970 Castaic Road

1,000 - 45,000

Lease

Negotiable

NEWHALL CROSSINGS SEC Lyons Avenue & Main Street

1,100 - 10,000

Lease

SKYLINE PLAZA NWC Plum Canyon/Skyline Ranch Road

GRANARY SQUARE 25830-25848 McBean Parkway GOLDEN OAK PLAZA 21515 Soledad Canyon Road CENTRE POINTE MARKETPLACE

HIGHRIDGE CROSSING 28130 - 28166 Newhall Ranch Road CENTER POINTE MARKETPLACE 26583 Golden Valley Road CANYON SQUARE 18507 - 18597 Soledad Canyon Road

Lease

$2.00 SF/MO/NNN

2,575, 2,280

Lease

$1.50 - $3.25 SF/MO/NNN

1,090, 1,825, 2,022, 1,825

Lease

$2.75 SF/MO/NNN

1,005

Lease

$2.75 SF/MO/NNN

7,703, 1,292, 975

Lease

$2.00 - $2.50 SF/MO/NNN

Lease Lease

$1.25 SF/MO/NNN $1.25 SF/MO/NNN

Lease Lease Lease

$1.65 SF/MO/NNN $1.65 SF/MO/NNN $1.65 SF/MO/NNN

Patti Kutschko (Daum Commercial) 661-670-2003 28200 BOUQUET CANYON ROAD Unit A Unit B

3,500 900

Casidy Cook (NAI Capital) 818-904-2400 Ext. 1615 PLAZA POSADA 23546 Lyons Avenue 23558 Lyons Avenue 25044 Peachland Avenue

1,400 1,200 1,230

Cameron Gray (Daum Commercial) 661-679-2004, Cole Taylor (Daum Commercial) 661-670-2002 LYONS VILLAGE 23240 Lyons Avenue 23244 - 23246 Lyons Avenue

1,230 2,276

Lease Lease

$1.75 SF/MO/NNN $1.75 SF/MO/NNN

VISTA VILLAGE CENTER 25856 Tournament Road; Unit # K 25864 Tournament Road; Unit # A 25864 Tournament Road; Unit # B - C

1,446 2,736 2,526

Lease Lease Lease

$1.50 SF/MO/NNN $1.50 SF/MO/NNN $1.50 SF/MO/NNN

Yair Haimoff (Spectrum Commercial Real Estate) 818-579-8540, Andrew Ghassemi (Spectrum Commercial Real Estate ) 661-567-1241, Matt Sreden (Spectrum Commercial Real Estate) 661-567-1243 27510 The Old Road 2,000 - 6,500 Lease Not Disclosed 25710 The Old Road 11,057 Sale $429 SF/$4.7M

Yair Haimoff (Spectrum Commercial Real Estate) 818-579-8540

$3.00 -$3.25 SF/MO/NNN

OLD TOWN NEWHALL PROPERTIES 24357 Main Street 22520 Lyons Ave; Laemmle Theatre Project

1,550 2,058

Lease Lease

$2.25 - $3.00 SF/MO/MNN

GOLDEN VALLEY PLAZA 26573 Golden Valley Road 26583 Golden Valley Road

783 1,005

Lease Lease

TBD TBD

RIVERVIEW PLAZA 19931 Sierra Highway 19935 Sierra Highway 26883 Sierra Highway

1,479 2,074 1,220

Lease Lease Lease

$2.00 SF/MO/NNN $2.00 SF/MO/NNN $3.25 SF/MO/NNN

John Cserkuti (NAI Capital) 661-705-3551 VALENCIA MART 23154 Valencia Boulevard

OLD ORCHARD SHOPPING CENTER 23323 - 23453 Lyons Avenue

922, 1,022, 1,239

1,200 - 10,300

Lease

$1.25 - $2.25 SF/MO/NNN

1,200, 2,800

Lease

$2.50 - $3.50 SF/MO/NNN

4,895

Lease

$1.25 - $1.65 SF/MO/NNN

STEVENSON RANCH PLAZA

$2.00 SF/MO/MG

S A N TA C L A R I TA VA L L E Y B U S I N E S S J O U R N A L · 15

J A N UA RY 2019 25860 Hemingway Avenue 25836-40 Hemingway Avenue

2,330 1,071 - 2,142

Lease Lease

$2.25 SF/MO/NNN $2.25 SF/MO/NNN

LYONS PLAZA 23740 Lyons Avenue

2,000 - 8,500

Lease

$2.00 - $2.50 SF/MO/NNN

THE VINE CASTAIC LAKE 31709 Castaic Road 31725 Castaic Road 31729 Castaic Road 31731 Castaic Road 31735 Castaic Road 31743 Castaic Road 31749 Castaic Road 31759 Castaic Road 31765 Castaic Road

4,952 1,063 1,220 1,742 1,077 1,216 1,400 1,450 1,422

Lease Lease Lease Lease Lease Lease Lease Lease Lease

$1.00 SF/MO/NNN $1.00 SF/MO/NNN $1.00 SF/MO/NNN $1.00 SF/MO/NNN $1.00 SF/MO/NNN $1.00 SF/MO/NNN $1.00 SF/MO/NNN $1.00 SF/MO/NNN $1.00 SF/MO/NNN

SAN FERNANDO PLAZA 23630 Newhall Avenue; Unit C

1,000

Lease

$1.50 SF/MO/NNN

SANTA CLARITA LANES PLAZA 21613 Soledad Canyon Road 25057 - 25067 Peachland Avenue 27421 Sierra Highway

43,046 6,960 28,059

Ground Lease Sale Sale

TBD $366 SF/$2,550,000 $14.00 SF/$395,000

1,031 1,020 1,040 894 1,079 850 1,095- 2,191

Lease Lease Lease Lease Lease Lease Lease

$1.85 SF/MO/NNN $1.85 SF/MO/NNN $1.85 SF/MO/NNN $1.85 SF/MO/NNN $1.85 SF/MO/NNN $1.85 SF/MO/NNN $1.85 SF/MO/NNN

SUTTER POINT PLAZA 27737 Bouquet Canyon Road Suite # 109 Suite # 112 Suite # 116 Suite # 119 Suite # 123 Suite # 126 Suite # 132/133 27630 The Old Road

1,700 – 7,000

Lease

Negotiable

VALENCIA TOWN CENTER 24300 – 24305 Town Center Drive

997 – 8,565

Lease

$2.20 -$3.50 SF/MO/NNN

Cody Chiarella (CBRE) 818-502-6730, Doug Marlow (CBRE) 818-502-6707, David Solomon (CBRE) 818-907-4628

1,006 997 2,011 2,472 1,706

Lease Lease Lease Lease Lease

$3.50 SF/MO/NNN $3.50 SF/MO/NNN $3.00 SF/MO/NNN $3.00 SF/MO/NNN $3.00 SF/MO/NNN

Cody Chiarella (CBRE) 818-502-6730 SOLEDAD PLAZA 20655 Soledad Canyon Road Suite # 5 Suite # 24 Suite # 42 Suite # 25

700 3,032 990 1,833

SWEETWATER PLAZA 33321 Agua Dulce Canyon Road 750 Yair Haimoff (Spectrum Commercial Real Estate) 818-579-8540 SANTA CLARITA PLAZA 26111 Bouquet Canyon Road

998 - 2,000

Lease Lease Lease Lease

$1.95 SF/MO/NNN $1.75 SF/MO/NNN $1.95 SF/MO/NNN $1.75 SF/MO/NNN

Lease

1.75 SF/MO/MG

Lease

$2.25 SF/MO/NNN

CASTAIC CREEK PLAZA SWC The Old Road/Live Oak Road 29453 The Old Road 29465 The Old Road

1,500 2,000

Lease Lease

$0.99 SF/MO/NNN 0.99 SF/MO/NNN

CANYON CENTER 16507 Soledad Canyon Road

7,665

Lease

$2.50 SF/MO/NNN

1,835 3,500 1,125 1,188

Lease Lease Lease Lease

$2.00 SF/MO/NNN $1.75 SF/MO/NNN $1.25 SF/MO/NNN Not Disclosed

2,500 3,000

Lease Lease

Not Disclosed Not Disclosed

APPLE VALLEY PLAZA 24777-24890 Apple Street Suite # 24777 Suite # 24872 Suite # 24781-B 28440 Haskell Canyon Road 27516 The Old Road Pad # 1 Pad # 3

Randy Cude (Spectrum Commercial Real Estate) 661-657-1244 31703 Castaic Road

3,582

Sale

$418 SF/$1.5M

Ron Berndt (Daum Commercial) 661-670-2000, Patti Kutschko (Daum Commercial) 661-670-2003 CINEMA PARK 23300 Cinema Drive

150 - 1,300

Lease

$1.75 SF/MO/NNN

Reena Newhall 661-253-3344 PLAZA CLARITA 25835 - 25845 Railroad Avenue

REXFORD VALENCIA INDUSTRIAL CENTER 28159 Avenue Stanford Suite # 228

Lease Lease Sale

$2.65 SF/MO/FSG $2.65 SF/MO/FSG $480 SF/19.5M

24711 Avenue Rockefeller, Unit C 27907 Smyth Drive

1,560 3,308

Sublease Sale

$17.6 SF/MO/FSG $295 SF/$975,860

6,640

Sale

$295.00 SF/$1.96M

Sam Glendon (CBRE) 818-907-4616 28338 Constellation Road Suite # D 1/900

Doug Sonderegger (CBRE) 818-907-4607, Craig Peters (CBRE) 818-907-4616 UMALI OFFICE CENTER 22621 Lyons Avenue Suite # 201 Suite # 202 22916 Lyons Avenue

559 361 12,614

Lease Lease Sale

$2.08 SF/MO/FSG $2.08 SF/MO/FSG $221 SF/$2.8M

Yair Haimoff (Spectrum Commercial Real Estate) 818-579-8540 LYONS VILLAGE 23226 - 23248 Lyons Avenue Suite # 216 Suite # 219/220 Suite # 222 22777 Lyons Avenue

879 1,201 798 500

Lease Lease Lease Lease

$1.75 SF/MO/MG $1.75 SF/MO/MG $1.75 SF/MO/MG Not Disclosed

VALENCIA ATRIUM 28494 Westinghouse Place Suite # 112 Suite # 209 Suite # 306 Suite # 307 Suite # 308

1,720 1,290 2,270 580 1,290

Lease Lease Lease Lease Lease

$2.25 SF/MO/MG $2.25 SF/MO/MG $2.25 SF/MO/MG $2.25 SF/MO/MG $2.25 SF/MO/MG

TOURNEY PLACE PHASE II 27421 Tourney Road Suite # 105 Suite # 207

2,368 7,622

Lease Lease

$2.80 SF/MO/NNN $2.80 SF/MO/NNN

VALENCIA EXECUTIVE PLAZA 27201 Tourney Road Suite # 210 31519 Castaic Road

1,530 1,228

Lease Sale

$2.85 SF/MO/FSG Not Disclosed

RYE CANYON BUSINESS PARK 28212 Kelly Johnson Parkway Suite # 200 Suite # 250 Suite # 165 & # 175

6,077 1,610 4,520

Sale Sale Sale

$450 SF/$2.7M $450 SF/$724,500 $450 SF/$1.8M

Yair Haimoff (Spectrum Commercial Real Estate) 818- 579-8540, Andrew Ghassemi (Spectrum Commercial Real Estate) 661-567-1241, Matt Sreden (Spectrum Commercial Real Estate) 661-567-1243 OLD TOWN NEWHALL OFFICE 24270 Walnut Street 1st Floor 2nd Floor 24262 Walnut Street Suite # 1 Suite # 2

1,000 5,694

Lease Lease

$2.25 SF/MO/MG $2.25 SF/MO/MG

325 325

Lease Lease

$2.08 SF/MO/GROSS $2.00 SF/MO/GROSS

Tim Crissman (RE/Max Crissman Commercial Services) 661-295-9300 TOURNEY POINTE 27200 Tourney Road Suite # 201 Suite # 204 Suite # 230 Suite # 230/235 Suite # 235 Suite # 242 Suite # 340 Suite # 360 Suite # 410

1,758 2,374 11,668 13,442 1,774 2,453 1,175 4,826 5,081

Lease Lease Lease Lease Lease Lease Lease Lease Lease

$2.65 SF/MO/FSG $2.65 SF/MO/FSG $2.30 SF/MO/FSG $2.30 SF/MO/FSG $2.45 SF/MO/FSG $2.45 SF/MO/FSG $2.25 SF/MO/FSG $2.65 SF/MO/FSG $2.65 SF/MO/FSG

VALENCIA OAKS 23822 Valencia Blvd.

Suite # 200/201 Suite # 200 Suite # 201 Suite # 208 Suite # 306

4,043 2,772 1,271 2,404 2,925

Lease Lease Lease Lease Lease

$2.35 SF/MO/FSG $2.35 SF/MO/FSG $2.35 SF/MO/FSG $2.35 SF/MO/FSG $2.35 SF/MO/FSG

BANK OF AMERICA TOWER 23929 Valencia Boulevard Suite # 415

1,750

Lease

$2.35 SF/MO/FSG

Lease Lease Lease Lease Lease

$2.35 SF/MO/FSG $2.35 SF/MO/FSG $2.35 SF/MO/FSG $2.35 SF/MO/FSG $2.35 SF/MO/FSG

Kevin Fenenbock (Colliers Int.) 661-253-5204 1,300 - 2,701

Lease

$1.50 SF/MO/NNN

Bruce Powell (Cornerstone Realty Advisors) 661-295-9000

Office/Commercial Buildings

1,008 1,200 40,559

Richard Ramirez (CBRE) 818- 907-4639, Craig Peters (CBRE) 818- 907-4616

Tim Crissman (RE/Max Crissman Commercial Services) 661-295-9300

VALENCIA TOWN CENTER 24510 Town Center Drive Suite # 102 VTC I Suite # 110 VTC III Suite # 160 Suite # 170 VTC III Suite # 190 VTC III

27413 Tourney Road Suite # 140 Suite # 160 28310 Kelly Johnson Parkway

Sq. Ft.

1,070

Sale/Lease

Lease

Price

$1.95 SF/MO/MG

SUMMIT AT VALENCIA 27202, 27220 & 27240 Turnberry Suite # 100 Suite # 110 Suite # 110/120 Suite # 120 Suite # 210

29,839 2,856 5,911 3,055 12,195

16 · S A N TA C L A R I TA VA L L E Y B U S I N E S S J O U R N A L Suite # 220 Suite # 240 Suite # 250

1,866 1,494 5,596

Lease Lease Lease

$2.35 SF/MO/FSG $2.35 SF/MO/FSG $2.35 SF/MO/FSG

Kevin Fenenbock (Colliers Int.) 661-253-5204, John Erickson (Colliers Int.) 661- 253-5202 EXECUTIVE CENTER VALENCIA 25600 Rye Canyon Road Suite #105 Suite # 210 24801 Pico Canyon Road Suite # 201 Suite # 203 Suite # 102 Suite # 103 Suite # 301 Suite # 210/203 Suite # 102/103 Suite # 300

1,743 1,250

Lease Lease

$1.50 SF/MO/MG $1.50 SF/MO/MG

1,346 1,417 1,439 1,593 2,741 2,763 3,032 3,811

Lease Lease Lease Lease Lease Lease Lease Lease

$2.25 SF/MO/FSG $2.25 SF/MO/FSG $2.25 SF/MO/FSG $2.25 SF/MO/FSG $2.25 SF/MO/FSG $2.25 SF/MO/FSG $2.25 SF/MO/FSG $2.25 SF/MO/FSG

Kevin Fenenbock (Colliers Int.) 661-253-5204 28212 Kelly Johnson Parkway Suite # 110 Suite # 280 25060 Avenue Stanford Suite # 250 Suite # 260 Suite # 100 Suite # 160 25061 Avenue Stanford Suite # 40 25031 Avenue Stanford Suite # 100 Suite # 140 PARAGON BUSINESS CENTER 24730 Avenue Tibbitts, Suite # 100

Sale Sale

$1,215,550/$450 SF $674,900/$425 SF

4,119 2,973 22,186 2,405

Lease Lease Lease Lease

$1.90 SF/MO/FSG $1.90 SF/MO/FSG $2.15 SF/MO/FSG $1.90 SF/MO/FSG

1,916

Lease

$1.15 SF/MO/FSG

1,818 2,625

Lease Lease

$1.25 SF/MO/IG $1.25 SF/MO/FSG

700

Lease

$1.85 SF/MO/FSG

4,169 1,446 2,472

Lease Lease Lease

$2.35 SF/MO/NNN $2.35 SF/MO/NNN $2.35 SF/MO/NNN

7,687

Lease

$1.80 SF/MO/NNN

Craig Peters (CBRE) 818-907-4616, Doug Sonderegger (CBRE) 818-907-4607 WESTRIDGE EXECUTIVE PLAZA 26650 The Old Road Suite # 105 Suite # 105 Suite # 350

3,060 3,060 1,900

Lease Lease Lease

$2.80 SF/MO/FSG $2.75 SF/MO/FSG $2.65 SF/MO/FSG

Richard Ramirez (CBRE) 818-907-4639, Craig Peters (CBRE) 818-907-4616 THE COMMONS AT VALENCIA GATEWAY 25152 Springfield Court Suite # 120 Suite # 140 Suite # 200 Suite # 240 Suite # 250 Suite # 295 Suite # 320 25154 Springfield Court Suite # 170

3,251 3,484 2,470 3,733 5,671 3,034 2,221

Lease Lease Lease Lease Lease Lease Lease

$2.95 SF/MO/FSG $2.95 SF/MO/FSG $2.95 SF/MO/FSG $2.95 SF/MO/FSG $2.95 SF/MO/FSG $2.95 SF/MO/FSG $2.95 SF/MO/FSG

6,125

Lease

$2.95 SF/MO/FSG

THE COMMONS AT VALENCIA GATEWAY 25124 Springfield Court Suite #200 3,360 - 22,850

Sublease

$2.25 SF/MO/FSG

Richard Ramirez (CBRE) 818-502-4639, Craig Peters (CBRE) 818-907-4616

27441 Tourney Road, Suite 100 27441 Tourney Road, Suite 140 LYONS PLAZA 23502- 23504 Lyons Avenue VALENCIA FINANCIAL CENTER 23734 Valencia Boulevard 28110 Avenue Stanford, Suite A 28097 Smyth Drive, Suite B PLAZA POSADA 23542- 23560 Lyons Avenue 28039 Smyth Drive

$2.75 SF/MO/FSG

4,486 445

Lease Lease

$2.65 SF/MO/FSG $2.65 SF/MO/FSG

1,320 - 5,710

Lease

$1.75 SF/MO/FSG + J

1,100 - 1,523 - 2,105 2,120 1,645

Lease Lease Lease

$1.50 SF/MO/MG + electric

450 - 1,070 3,250

Lease Sale

$1.65 SF/MO/NNN $300 SF/$975,000

$2.10 SF/MO/FSG + J $2.45 SF/MO/FSG + J

1,871

Lease

$1.85 SF/MO/FSG + J

Cameron Gray (Daum Commercial) 661-679-2004, Patti Kutschko (Daum Commercial) 661-670-2003 REBEL PROFESSIONAL 25050 Avenue Kearny Suite # 103 Suite # 206B Suite # 212 Suite # 215

1,004 350 1,510 1,416

Lease Lease Lease Lease

$1.85 SF/MO/FSG $1.50 SF/MO/FSG $1.75 SF/MO/FSG $1.75 SF/MO/FSG

Randy Cude (Spectrum Commercial Real Estate) 661-567-1244 HERTITAGE OAK 24961 The Old Road RYE CANYON BUSINESS PARK 28412 Constellation Road

1,432

Lease

$2.25 SF/MO/MG

400

Lease

Not Disclosed

Matt Sreden (Spectrum Commercial Real Estate) 661-567-1243 LYONS BUINESS CENTER 22916 Lyons Avenue Suite # 101 Suite # 103 Suite # 104 Suite # 1C Suite # 4B Suite # 201 Suite # 202 Suite # 204 Suite # 209 AVENUE SHERMAN BUSINESS PARK 29021 Avenue Sherman Suite # 101

26320 Diamond Place, Suite # 200

340 340 340 667 415 340 340 340 340

Lease Lease Lease Lease Lease Lease Lease Lease Lease

Not Disclosed Not Disclosed Not Disclosed Not Disclosed Not Disclosed Not Disclosed Not Disclosed Not Disclosed Not Disclosed

2,662

Lease

$1.65 SF/MO/FSG

5,835

Lease

$1.75 SF/MO/NNN

Pamela Verner (SCV Commercial Real Estate Services) 661-714-5271 CANYON BUSINESS CENTER 18335-18345 Sierra Highway Suite # 5-6 Suite # 7 Suite # 13 Suite # 14

2,800 1,400 1,400 1,400

Lease Lease Lease Lease

$1.07 SF/MO/MG $1.07 SF/MO/MG $1.07 SF/MO/MG $1.07 SF/MO/MG

Randy Cude (Spectrum Commercial Real Estate) 661-567-1244, Alan DiFatta (Spectrum Commercial Real Estate) 661-567-0012 APPLE VALLEY PLAZA 24777-24890 Apple Street Suite # 24777 Suite # 24872 Suite # 24781-B

1,835 3,500 1,125

Lease Lease Lease

$2.00 SF/MO/NNN $1.75 SF/MO/NNN $1.25 SF/MO/NNN

Randy Cude (Spectrum Commercial Real Estate) 661-567-1244 1,535

Lease

$2.85 SF/MO/FSG

Office/Medical Buildings

1,967

Lease

$2.85 SF/MO/FSG

25775 McBean Parkway 25880 Tournament Road

Cody Chiarella (CBRE) 818-502-6730

VTC IV 24200 Magic Mountain Parkway Suite # 120 (can combine all 3 suites) Suite # 130 (can combine all 3 suites) Suite # 135 (can combine all 3 suites)

PLAZA POSADA MEDICAL CENTER 25050 Peachland Avenue 4,169 1,446 1,753

Lease Lease Lease

$2.85 SF/MO/FSG $2.85 SF/MO/FSG $2.85 SF/MO/FSG

David Solomon (CBRE) 818-907-4628

Richard Ramirez (CBRE) 818-907-4639

Lease

Richard Ramirez (CBRE) 907-4639

David Solomon (CBRE) 818-907-4628, Matthew Heyn (CBRE) 818-907-4619

VALENCIA PARK EXECUTIVE CENTER 25115 Avenue Stanford Suite # A 202 Suite # A 318 Suite # A 340 Suite # A 202, A 204, & A206 Suite # B 121

1,230 - 17,000

$2.85 SF/MO/FSG; $315 SF/$15.9M

Yair Haimoff (Spectrum Commercial Real Estate) 818-579-8540, Andrew Ghassemi (Spectrum Commercial Real Estate) 661-567-1241

David Solomon (CRRE) 818-907-4628, Douglas Marlow (CBRE) 818-502-6707

GATEWAY PLAZA 25350 Magic Mountain Parkway Suite # 350 25360 Magic Mountain Parkway Suite # 280

Lease/Sale

Craig Peters (CBRE) 818-907-4616, Richard Ramirez (CBRE) 818-907-4639

27819 Smyth Drive 2,699 1,588

Cody Chiarella (CBRE) 818-502-6730 25102 Rye Canyon Loop; Suite # 110

28470 - 28490 Avenue Stanford

50,351

Cameron Gray (Daum Commercial) 661-679-2004, Cole Taylor (Daum Commercial) 661-670-2002

John Erickson (Colliers Int.) 661-253-5202, Chris Erickson (Colliers Int.) 661-253-5207 VALENCIA TOWN CENTER Suite # 120 Suite # 130 Suite # 135

J A N UA RY 2019 VALENCIA CORPORATE PLAZA 28480 Avenue Stanford

2,219 1,720 3,029 7,076 737

Lease Lease Lease Lease Lease

$1.75 SF/MO/FSG $1.90 SF/MO/FSG $1.75 SF/MO/FSG $1.75 SF/MO/FSG $1.75 SF/MO/FSG

Sq. Ft.

Sale/Lease

Price

1,201 - 6,682 1,043 – 4,559

Lease Lease

$2.76 SF/MO/NNN Negotiable

800 - 4,000

Lease

$1.95 SF/MO/NNN

Cameron Gray (Daum Commercial) 661-679-2004, Cole Taylor (Daum Commercial) 661-670-2002 RYE CANYON BUSINESS PARK 28212 Kelly Johnson Parkway Suite # 200 Suite # 250 Suite # 165 & # 175

6,077 1,610 4,520

Sale Sale Sale

$450 SF/$2.7M $450 SF/$724,500 $405 SF/$1.8M

TOURNEY PLACE PHASE II 27421 Tourney Road Suite # 105 Suite # 207

2,368 7,622

Lease Lease

$2.80 SF/MO/NNN $2.80 SF/MO/NNN

Yair Haimoff (Spectrum Commercial Real Estate) 818-579-8540, Andrew Ghassemi (Spectrum Commercial Real Estate) 661-567-1241, Matt Sreden (SPECTRUM Commercial Real

S A N TA C L A R I TA VA L L E Y B U S I N E S S J O U R N A L · 17

J A N UA RY 2019

24932 Avenue Kearny

Estate) 661-567-1243 SMYTH COMMERCE CENTER 27905 Smyth Drive

Suite # 1 2,160

Lease

$1.50 SF/MO/NNN

Bruce Powell (Cornerstone Realty Advisors) 661- 295-9000

Land (Commercial, Industrial & Retail) Acres Ridge Route Highway Ridge Route Highway 21613 Soledad Canyon Road

20 40 43,560

Sale

Price

Sale Sale Sale

$.37 SF/$325,000 $.33 SF/$575,000 TBD

Tim Crissman (RE/Max Crissman Commercial Services) 661-295-9300 28541 Witherspoon Parkway

5.51

Sale

$39.00 SF/$9.4M

5,375

Lease

$1.05 SF/MO/MG

Yair Haimoff (Spectrum Commercial Real Estate) 818-579-8540, Andrew Ghassemi (Spectrum CommercialReal Estate) 661-567-1241, Matt Sreden (Spectrum Commercial Real Estate) 661-567-1243 25570 Rye Canyon Road Unit # F

2,000

Lease

$1.10 SF/MO/IG

1,916

Lease

$1.25 SF/MO/IG

25061 Avenue Stanford Suite # 40

Jim Ebanks (Realty Advisory Group) 661-702-8880 x 12, Lauren Hunt (Realty Advisory Group) 661-702-8880 x 18

John Erickson (Colliers Int.) 661-253-5202, Chris Erickson (Colliers Int.) 661-253-5207

23600 Sierra Highway 23658 Sierra Highway SEC Castaic Road/Parker

Unit # 1

10.28 6.14 21,195 SF

Sale Sale Sale/Gd. Lease

$14.29SF/$6.4M $22.42 SF/$6.0M $56 SF/$1.2M/$8,500MO

Randy Cude (Spectrum Commercial Real Estate) 661-567-1244 Soledad Canyon Road/Camp Plenty NEC Bouquet Canyon Road & Plum Canyon Road NWC Bouquet Canyon/Madrid Road

22.0 1.86 3.71

Sale Sale Sale

$2.60 SF/$2.5M $25.00 SF/$2.0M $30.00 SF/$4.9M

John Z. Cserkuti (NAI Capital) 661-705-3551 SWC Soledad Canyon Rd/Golden Valley Rd Valley Business Center Valley Business Center Valley Business Center Valley Business Center Valley Business Center Valley Business Center Valley Business Center

Sale Sale Sale Sale Sale Sale Sale

$29.00 SF/$1.5M $29.00 SF/$2.4M $27.00 SF/$2.7M $27.00 SF/$3.1M $26.00 SF/$4.4M $27.00 SF/$5.8M $26.00 SF/$6.9M

Kevin Tamura (Daum Commercial) 661-670 -2001, Ron Berndt (Daum Commercial Real Estate) 661-670-2000 1.40

Sale

$8.00 SF/$500,000

Pamela Verner (SCV Commercial Real Estate Services) 661-714-5271 16016 Sierra Highway

1.70

Ground Lease

$0.17 SF/MO/NNN

Sale

$39.00 SF/$9.4M

Ron Berndt (Daum Commercial) 661-670-2000 28541 Witherspoon Parkway

James Ebanks (Realty Advisory Group Inc.) 661-702-8880 x 12, Lauren Hunt (Realty Advisory Group Inc.) 661-702-8882 x 18 2.76

Sale

$18.30 SF/$2.2M

Yair Haimoff (Spectrum Commercial Real Estate) 818-579-8540, Andrew Ghassemi (Spectrum Commercial Real Estate) 666-567-1241, Matt Sreden (Spectrum Commercial Real Estate) 661-567-1243 16166 Sierra Highway

2.55

Sale

$6.83 SF/$759,000

Alan DiFatta (Spectrum Commercial Real Estate) 661-567-0012 2836-018-033

5.29

Sale

$10.84 SF/$2.5M

Yair Haimoff (Spectrum Commercial Real Estate) 8180-579-8540 23638 Sierra Highway

33,785.00

Sale

$17.75 SF/$599,999

Lease

$0.80 SF/MO/NNN

Chris Jackson (NAI) 818-933-2368, Todd Lorber (NAI Capital) 818-933-2376 28220 Industry Drive

93,519

Lease

$0.72 SF/MO/NNN

Craig Peters (CBRE) 818-907-4616, Doug Sonderegger (CBRE) 818-907-4607 SOUTHERN CALIFORNIA INNOVATION PARK 10,215

Lease

$0.60 SF/MO/NNN

Craig Peters (CBRE) 818-907-4616, Doug Sonderegger (CBRE) 818-907-4607 BERNARDS CENTRE POINT PARK 26370 Ruether Avenue

2,680

Lease

$1.15 SF/MO/MG

7,050

Lease

$1.00 SF/MO/MG

24907 Avenue Avenue Tibbitts Unit C

Tim Crissman (ReMax/Crissman Commercial Services) 661-295-9300 28545 Livingston Avenue

173,000

Lease

$0.65 SF/MO/NNN

28454 Livingston Avenue

134,287

Sub-Lease

$0.65 SF/MO/NNN

Chris Jackson (NAI Capital) 818-933-2368,Todd Lorber (NAI Capital) 818-933- 2376 26841 Ruether Avenue Suite # D

5.50

Railroad Avenue & Wiley Canyon Road

11,724

25161 Rye Canyon Loop; 2 spaces 1.19 1.90 2.29 2.67 3.86 4.96 6.15

Sierra Highway/Crown Valley Road

27525 Newhall Ranch Road

1,130

Lease

$1.15 SF/MO/IG

Lease

$1.05 SF/MO/IG

Ron Berndt (Daum Commercial) 661/670-2000 20732 Soledad Street

1,640

Kevin Tamura (Daum Commercial) 661-670 -2001, Cole Taylor (Daum Commercial) 661670-2002 26846 Oaks Ave, Unit G, Canyon Country

2,000

Lease

$1.05 SF/MO/MG

26846 Oaks Ave, Unit F & G, Canyon Country

4,000

Lease

$1.00 SF/MO/MG

Ross Thomas (Delphi Businbess Properties) 818-780-7878 x 104, Chris McKenzie (Delphi Business Properties) 818-780-7878 x 121 26320 Diamond Place

Randy Cude (Spectrum Commercial Real Estate) 661-567-1244, Yair Haimoff (Spectrum Commercial Real Estate) 818-579-8540

Suite # 110

2,364

Lease

$1.15 SF/MO/NNN

Suite # 140

3,478

Lease

$1.15 SF/MO/NNN

Industrial Buildings

Pamela Verner (SCV Commercial Real Estate) 661/714-5271

Sq. Ft.

Sale/Lease

Price

29003 Avenue Sherman

Lease/Sale

Price

68,123

Lease

$0.73 SF/MO/NNN

Major Industrial Projects

60,068

Lease

$0.70 SF/MO/NNN

Gateway V

27,940, 50,743

Lease

$0.74 SF-$0.79 SF/ MO/NNN

8,352

Lease

$0.90 SF/MO/NNN

Gateway V

50,743, 88,752

Lease

$0.72 SF-$0.74 SF/ MO/NNN

5,720

Lease

$0.90 SF/MO/NNN

VCC; West of I-5/N of Highway 126 50,930

Lease

$0.77 SF/MO/NNN

5,242 - 15,726 (Showroom) Lease

$1.30 SF/MO/NNN

Craig Peters (CBRE) 818-907-4616 26245 Technology Drive

Doug Sonderegger (CBRE) 818-907-4607 25041 Anza Drive

Craig Peters (CBRE) 818-907-4616 28110 Avenue Stanford; Unit C

Richard Ramirez (CBRE) 818-907-6745

27788 Hancock Parkway

VISTA BUSINESS PARK 28305 Livingston Avenue

27736-27772 Hancock Parkway

167,990

Lease

$0.67 SF/MO/NNN

6,100

Sale

$255 SF/$1.6M

Nigel Stout (JLL) 818-631-2068 29021 Avenue Sherman; Front Unit 101

Kevin Tamura (Daum Commercial) 661-670 -2001, Ron Berndt (Daum Commercial) 661670-2000 28365 - 28369 Constallation Road

34,115 SF (19,687 -14,428)

Sale

$175 SF/$6.0M

Kevin Tamura (Daum Commercial) 661-670-2001, Jerry Sackler (Daum Commercial) 213270-2267 28358 Constallation Road Suite # 620

5,202

Lease

$0.74 SF/MO/NNN

James Ebanks (Realty Advisory Group) 661-702-8880 x 12, Lauren Hunt (Realty Advisory Group) 661-702-8880 x 18 GATEWAY CORPORATE POINT 28486 Westinghouse Place Suite #110

7,513

Lease

$1.00 SF/MO/NNN

CENTER POINTE BUSINESS PARK 26450 Ruether Avenue 26883 Ruether Avenue

2,153 1,500

Lease Lease

$1.15 SF/MO/NNN $1.00 SF/MO/MG

Yair Haimoff (Spectrum Commercial Real Estate) 818-579-8540 SPECTRUM BUSINESS CENTER 28446 Constellation Road

3,563

Sale

$290 SF/$1.0M

DISCOVERY GATEWAY SPECTRUM 28296 Constellation Road

5,831

Sale

$285 SF/$1.6M

VALENCIA INDUSTRIAL CENTER

IAC Commerce Center (Phase 1)

56,106 - 216,320

Lease

$0.75 - $0.75 - $0.78 SF/MO/NNN

VCC; West of I-5/N of Highway 126

Craig Peters (CBRE) 818-907-4616, Doug Sonderegger (CBRE) 818-907-4607

Future Industrial Projects SWQ of Newhall Avenue/Sierra Highway

Sq. Ft.

Sale/Lease

Price

16,000 - 209,559

Sale/Lease

TBD

Craig Peters (CBRE) 818-907-4616, Doug Sonderegger (CBRE) 818-907-4607, Richard Ramirez (CBRE) 818-907-4639

Future Office Projects

Sq. Ft.

Sale/Lease

Price

10,000

Lease

TBD

VTC SQUARE 26701 McBean Parkway

VISTA BUSINESS CANYON (OFFICE AND RETAIL) 27651 Lincoln Place

57,000

Lease

TBD

27335 Tourney Road

45,675

Lease

$2.95 SF/MO/FSG

Richard Ramirez (CBRE) 818-907-4639, Craig Peters (CBRE) 818-907-4616, Doug Sonderegger (CBRE) 818-907-4607 NOTE: Parties interested in further information should contact the listing broker(s) or SCVEDC at 661-288-4400 or scvedc@scvedc.org

18 · S A N TA C L A R I TA VA L L E Y B U S I N E S S J O U R N A L

J A N UA RY 2019

NEW LAWS FOR 2019

BY PERRY SMITH

of providing a lactation location if the employer makes available a temporary lactation location that meets specified conditions.

Business Journal Editor

H

ere’s a roundup of new and recent laws affecting employers and employees in California.

For more information about the legislation, visit leginfo.legislature. ca.gov.

SB 3 MINIMUM WAGE While not a new law, SB 3 will have a new impact on 2019. This law mandates from Jan. 1, 2019, the minimum wage for businesses with 25 or fewer employees. The minimum wage rises to $12 per hour for businesses with 25 or more employees.

Roundup of new and recent laws affecting California. COURTESY PHOTOS

SB 224 PERSONAL RIGHTS — CIVIL LIABILITY AND ENFORCEMENT This bill would include within the elements in a cause of action for sexual harassment when the plaintiff proves, among other things, that the defendant holds himself or herself out as being able to help the plaintiff establish a business, service or professional relationship with the defendant or a third party.

SB 820 CONFIDENTIALITY AGREEMENTS This bill would prohibit a provision in a settlement agreement that prevents the disclosure of factual information relating to certain claims of sexual assault, sexual harassment, or harassment or discrimination based on sex, that are filed in a civil or administrative action. The bill would make a provision in a settlement agreement that prevents the disclosure of factual information related to the claim, as described in the bill, entered into on or after January 1, 2019, void as a matter of law and against public policy.

SB 1123 DISABILITY COMPENSATION, PAID FAMILY LEAVE This bill would, on and after Jan. 1, 2021, expand the scope of the family temporary disability insurance program to include time off to participate in a qualifying exigency related to the covered active duty, as defined, or call to covered active duty of the individual’s spouse, domestic partner, child or parent in the armed forces of the United States, as specified.

SB 1300 UNLAWFUL EMPLOYMENT PRACTICES — DISCRIMINATION AND HARASSMENT This bill would specify that an employer may be responsible for the

prohibitions is contrary to public policy and unenforceable.

AB 2610 addresses some commercial drivers and meal periods after six hours of work. acts of nonemployees with respect to other harassment activity. The bill, with certain exceptions, would prohibit an employer, in exchange for a raise or bonus, or as a condition of employment of continued employment, from requiring the execution of a release of a claim or right under FEHA or from requiring an employee to sign a nondisparagement agreement or other document that purports to deny the employee the right to disclose information about unlawful acts in the workplace, including, but not limited to, sexual harassment. The bill would provide that an agreement or document in violation of either of those

SB 1123 disability compensation addresses paid family leave and expands the scope of disability insurance.

SB 1343 EMPLOYERS’ REQUIREMENT FOR SEXUAL HARASSMENT TRAINING This bill would instead require an employer who employs five or more employees, including temporary or seasonal employees, to provide at least two hours of sexual harassment training to all supervisory employees and at least one hour of sexual harassment training to all nonsupervisory employees by January 1, 2020, and once every two years thereafter, as specified AB 1976 EMPLOYMENT — LACTATION ACCOMMODATION This bill would instead require an employer to make reasonable efforts to provide an employee with use of a room or other location, other than a bathroom, for breast-feeding. The bill would deem an employer to be in compliance with the requirement

AB 2282 SALARY HISTORY INFORMATION Existing law prohibits an employer from relying on the salary history information of an applicant for employment as a factor in determining whether to offer an applicant employment or what salary to offer an applicant, except in specified circumstances. Existing law requires an employer, upon reasonable request, to provide the pay scale for a position to an applicant applying for employment.

This bill would define “pay scale,” “reasonable request,” and “applicant” for purposes of these provisions. The bill would specify that these provisions do not prohibit an employer from asking about an applicant for employment’s salary expectation for the position being applied for.

AB 2610 EMPLOYEES — MEAL PERIODS This bill would authorize a commercial driver employed by a motor carrier transporting nutrients and byproducts from a licensed commercial feed manufacturer to a customer located in a remote rural location to commence a meal period after six hours of work, if the regular rate of pay of the driver is no less than one and one-half times the state minimum wage and the driver receives overtime compensation in accordance with specific provisions of existing law.

19

J A N UA RY 2019

SCV BUSINESS VOICES

START YOUR NEW YEAR RIGHT PATRICK MOODY

Spokesman for Henry Mayo Newhall Hospital

R

eturning unwanted gifts at the end of the holiday season is usually a snap. But all too often, people come out of the holidays with something that isn’t so easy to take back: unwanted pounds.

Whether you’re looking to lose holiday pounds or you just made a New Year’s resolution to get in better shape, you’ll need to do two things: eat better and exercise more. The following tips can help you get started.

adults get at least two and a half hours of moderate aerobic activity every week.

However, many people need more than that amount of aerobic exercise a week to prevent weight gain. It may be necessary to do more than 300 minutes (five hours) a week to lose weight or maintain weight loss.

Remember, if you haven’t been exercising, talk to your doctor before you begin.

HEALTHY FOR LIFE Finally, think of your new food and exercise habits as part of a healthy lifestyle, not just a temporary diet. A healthy diet and regular exercise do more than

help you lose weight. You’ll feel better, have more energy and quite possibly add years to your life.

Patrick Moody is the director of marketing and public relations at Henry Mayo Newhall Hospital.

For more information about local community health programs, visit HenryMayo.com.

IMPROVE YOUR EATING HABITS Eat more produce. Fruits and vegetables are high-fiber and usually low-calorie foods that can help you feel full faster. Try getting more fresh produce in your diet by adding one new fruit or vegetable every month.

Choose low-fat dairy. Switch to low-fat dairy products if you haven’t already done so. Research shows that choosing lowfat dairy products may actually help you lose weight.

Keep a food log. Keeping track of what you eat will help you identify patterns. For instance, you may discover that you’re eating three snacks after dinner.

You can start by cutting back to two snacks and then gradually to one snack. Be sure to keep an honest account of what you eat.

GET MOVING Buddy up. Find a family member or friend who also wants to lose weight. Exercising with someone else can make it more enjoyable and help you stick to it. Your buddy can also help you eat better.

Do what you enjoy. Keep exercise from seeming like a chore by choosing activities that you enjoy. This will help you stay motivated throughout the year.

Also, try to vary your activities so that you don’t get bored.

Make exercise part of your daily routine. The U.S. Department of Health and Human Services recommends that most

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ARE YOUR GOLDEN HANDCUFFS STRONG ENOUGH?

KEN KELLER SCVBJ Contributor

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he employee received a note from the CEO, thanking him for his hard work and sacrifice, and took care to mention the positive impacts the employee was having on the company. The note also mentioned that in his next paycheck, the employee would receive a bonus.

The larger than usual payroll check was deposited on Friday. On Monday morning the employee walked into his boss’s office and resigned, giving his two week notice.

The economy is going gangbusters; perhaps the best in two or three generations. Right now there are one million more job openings than people to fill them.

It’s an employee’s market.

Could the above scenario happen to you? The answer is yes.

Your better employees are likely to be poached by a larger firm that provides more security, has a better brand name, offers higher pay and has a better benefits package.

Many business leaders (owners, CEOs and entrepreneurs) state that “our employees are our greatest asset.” In many companies, if the truth were actually told, the employees are the business, which is why it is critical to keep the employees that make a significant positive difference on your payroll.

Not all employees are equal. I’m not talking about title or rank or tenure. I’m referring to contribution and cost.

Some people cost the company

money; others make the company money. Some employees are loyal, hardworking and trustworthy; some are disengaged and have to be closely monitored to make sure they get their assignments done. Some do the minimal amount necessary to stay employed, showing no initiative; others consistently go the extra mile and do whatever is needed without being told.

If you are a business leader in the real world, not much matters but results. Those who produce more get rewarded more. This is not fair, but it is not meant to be fair. Agreement or acceptance is not required or necessary to understand the philosophy.

Tom Peters, the author of bestselling books on management, stated in a video I watched that “some employees are worth a lot of money. …Some employees are worth a hell of a lot more money.”

Don’t think for a minute that your competitors don’t know who your best people are. They do. They also, by default, know who the not so good employees are.

What happens in an economy like this is that the best employees become highly sought after.

The best workers don’t care and often pay no attention to how the economy is doing but in a great economy, they know that they will have more opportunities.

And, these are opportunities they do not have to seek out.

What does it take to keep the best?

It takes recognition and rewards.

And as the leader, you have to be proactive because if you hesitate, or delay improving the size, shape and value of the Golden Handcuffs you are offering, your better employees won’t wait while you figure it out.

Here is a checklist of things you can do to keep your best employees, the hardest workers, the ones who make a difference in the company: It starts by identifying who is

COURTESY PHOTO critical to the success and growth of the company. Make a list of the “must retain” employees in your company.

Second, do a salary survey to find out what your competitors are paying. Identify the gaps in salary and benefits that you have to close. Put a dollar amount on it by position.

Third, reinforce the bridges, the relationships with those you wish to retain. For some insight into how to go about this, I recommend you buy and read the book The Dream Manager by Matthew Kelly.

Fourth, if you cannot give salary increases, consider giving your “must keep” employees more paid vacation time off.

Fifth, if you do not already have a bonus incentive plan, consider creating one that will strengthen the bond of your employees to the results they help generate for the company.

Sixth, if you are thinking of selling your business at some point, consider having an “event” payout bonus for the employees that helped you get to that critical “pay out” day.

Finally, if someone on your “must retain” list walks in and gives notice, consider it a wakeup call that something needs to happen on your end to strengthen the Golden Handcuffs you currently have.

Ken Keller is an executive coach who works with small and midsize B2B company owners, CEOs and entrepreneurs. He facilitates formal top executive peer groups for business expansion, including revenue growth, improved internal efficiencies and greater profitability.

Email: Ken.Keller@strategicadvisoryboards. com. Keller’s column reflects his own views and not necessarily those of the The Signal.

S A N TA C L A R I TA VA L L E Y B U S I N E S S J O U R N A L · 21

J A N UA RY 2019

28005 NNSmyth Smyth Drive Drive | Suite 122 134||Valencia, Valencia,CA CA91355 91355| |(661) (661)294.8088 294-8088 | www.via.org | content Content provided by VIA 28005 CoNteNtPREPARED prepAreD byBYpoINt of VIew CommuNICAtIoNS 661.257.4440 | poVpr.Com CONTENT TERESA TODD/POINT OF VIEW COMMUNICATIONS

ADVOC AT E . EDUC AT E . INNOVAT E .

Introducing VIA’s 2019 Chairwoman of the Board

Focus On Value For SCV Member Businesses The Valley Industry Association is pleased to announce Teresa Todd, Point of View Communications, has been elected to serve as the 2019 Chairwoman of the Board. She previously held the office of VIA’s Vice Chair Marketing and Public Relations.

For nearly four decades, VIA has collaborated with regional organizations to form strategic partnerships that expand its focus and networking capabilities. By strengthening areas of influence, VIA at times has reached beyond the valley’s borders, all for the purpose of creating greater value for members.

The vision for VIA in 2019 is to continue to improve, empower and connect the Santa Clarita Valley business community through leadership, education, advocacy and innovation. Building upon existing relationships and forging new ones, VIA will continue to deliver resources and connections to help businesses grow and remain healthy in today’s changing economic climate.

VIA’s signature monthly luncheons provide members with information they can use, valuable takeaways, and the means to build meaningful relationships with fellow decision makers. VIA’s advocacy efforts help business leaders connect with government officials at the city, regional, state, and national levels. Programs like Leadership and Sales Academy are focused on high-level strategic skill sets designed for businesses to invest in their management and staff. Workforce development initiatives will remain at the forefront in 2019 with renewed emphasis.

This is a snapshot of what VIA has to offer. There’s momentum to make 2019 a great time to be involved. Take advantage of all the opportunities membership provides by joining on VIA’s journey to Advocate, Educate, and Innovate for the betterment of the SCV business community.

Teresa Todd

Interested in VIA? Contact Kathy Norris, CEO/President, at 661.294.8088 or kathy@via.org, or visit www.VIA.org to learn more.

Teresa Todd is founder/owner of Point of View Communications, an advertising, public relations, and integrated marketing firm in Santa Clarita. Todd holds several advanced degrees from the University of Southern California in strategic-centered fields: M.B.A. Marketing and Finance from USC’s Marshall School of Business and a Master of Arts in Strategic Public Relations from USC’s Annenberg School for Communication and Journalism.

Event Calendar Reservations and payment can be made at www.VIA.org/Calendar or call (661) 294-8088.

FRIDAY, JAN. 18, 2019 7:30 AM | UNIVERSITY CENTER @ COC 26455 Rockwell Canyon Road, Santa Clarita

VIA Leadership Program

TUESDAY, JAN. 29, 2019

11:45 AM | HYATT REGENCY VALENCIA 24500 Town Center Dr., Valencia

2018 SPEAKER SERIES

To Be Announced

VIA BOARD OF DIRECTORS Teresa Todd

Chairwoman of the Board Point of View Communications

Ed Masterson

Immediate Past Chairman SOS Entertainment

Tim Burkhart

Vice Chair, Programs Six Flags Magic Mountain

Hillary Broadwater Vice Chair, Events QM Design Group

Dr. Jerry Buckley

Vice Chair, Education College of the Canyons

Michael P. Garrison, CPA, MAcc Treasurer KKAJ, LLP

Kim Thomson

Corporate Secretary SCV Relocation Services

Myles McNamara Director at Large Comfort Keepers

Nola Aronson

Nola Aronson’s Advanced Audiology

J.C. Burnett

Courier-Messenger, Inc.

Denise Covert

City of Santa Clarita

Mike Kuhlman

William S. Hart Union High School District

Kathie Martin

SCV Water Agency

Mariella Masuda

Hyatt Regency Valencia

Brian Schlick SchlickArts

Ted Sirotta

Henry Mayo Newhall Hospital

Sue Tweddell

Primerica Financial

Kathy Norris

CEO/President Valley Industry Association

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J A N UA RY 2019

WHISTLE WHILE YOU WORK PAUL BUTLER Signal Contributing Writer

I

love singing, but for some reason, I don’t like whistling — there’s something about whistling for me that sounds like chalk scratching on a blackboard.

My brother-in-law whistles a lot, and I have to bite my tongue when he visits. The problem is, my wife frequently now whistles — I guess it must be in their DNA. Whereas her family must have been whistlers, mine were more singers.

I love singing so much I joined the choir at my church. There’s about 100 or so of us in the choir and to my surprise, there are other parts than tenors in the choir!

Who knew a choir comprised of different voices? I have come to love hearing all the different parts of the choir — sopranos, altos, baritones and the real men they call “bass.”

A few months ago, we were lining up to head into choir and the male tenors were standing opposite the bass section. Always one for a little light humor, I cast a line out to one of my bass friends, Randy: “Do you ever get the urge to come and join the cool kids and sing with the tenors?”

Without missing a beat, he replied, “Not really — I prefer singing with the men.”

Charming.

The baritones can be a little subtler in their banter. My baritone friend Richard said I could join their section when my voice broke. Oh, the burden us tenors must carry for the higher good.

During a recent rehearsal with the full orchestra, it dawned on me the workplace is a lot like a choir and an orchestra. It’s a beautiful creation to hear a choir and orchestra working so well together. They’re independent forces working together interdependently to provide a wonderful service. In my mind, this equates to how organizations and their vendors can work together to provide a service or product to their customers.

Whether as an employee or now as an entrepreneur, I can fully appreciate how vendors can become true partners, to ultimately be of service to the customer.

Looking at the choir, we essentially

THIS IS VERY SIMILAR TO THE EIGHT ESSENTIAL FUNC TIONS WE SEE WITHIN ANY ORGANIZATION. WE NEED SALES AND MARKETING, RESEARCH AND DEVELOPMENT, INFORMATION TECHNOLOGY, FINANCE, OPERATIONS, MAINTENANCE, HUMAN RESOURCES AND LEGAL.

COURTESY PHOTOS see four parts — tenors, the sopranos, the altos and the basses, which include the baritones, although many of them can sing the tenor parts. Likewise, an orchestra is also essentially divided into four parts — woodwinds, brass, percussion and strings. Each of these elements is good to hear on their own but they become truly great when they’re all working together to create an outstanding musical opus.

This is very similar to the eight essential functions we see within any organization. We need sales and marketing, research and development, information technology, finance, operations, maintenance, human resources and legal.

These independent departments do good work on their own but when they “sing and play” well together interdependently they can sound great.

During the last twelve years of consulting with organizations around the world, we have heard some wonderful “choirs and orchestras” at some clients and others, err not so much to be blunt.

What I’ve found can make all the difference is the quality of leadership. The musical director of our choir and orchestra is a man of high character and high competence. His name is Peter. He loves what he does and it shows. He deeply cares about each of us — even the bass section. He has an amazing attention to detail. He starts and ends rehearsals on time. Peter ensures we take time to celebrate being together whether it’s our birthdays to cheer or our seasonal gatherings — he keeps the glue tight between us.

Because of Peter’s leadership and our focus on being of service to each other and our higher purpose, I believe we do some wonderful work.

Therein lies the problem with most workplaces — they often have leaders who lack character and/or lack competence.

Some leaders only care about their own rewards and don’t really care about other people. Few leaders want to celebrate the success of others. Most leaders lose sight of what their customer is hiring them to do.

The vast majority of leaders cannot

identify their own mission statement from a host of others — meaning they lack clarity on the purpose of the organization they’re meant to be directing.

Maybe there’s something in the old adage of “whistling while you work.”

I’ve come to realize the workplace can create a wonderful opus for their customers by partnering well with vendors. By placing outstanding leaders on the podium at the top of the organizational chart it can help orchestrate greatness across all departments. Interestingly, when I think about it — within truly great organizations we’ve served, I do seem to hear more people whistling and singing in the hallways and office areas. They must be tenors.

Paul Butler is a Santa Clarita resident and a client partner with Newleaf Training and Development of Valencia (newleaf-ca. com). The views and opinions expressed in this article are those of the author and do not necessarily represent those of The Signal newspaper. For questions or comments, email Butler at paul.butler@newleaf-ca. com.

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SCV BUSINESS VOICES

WHEN IT COMES TO HEARING AIDS, WHY CHOOSE THE OPN? KEVIN BOLDER AuD, Audiology Associates

F

or many, hearing aids make a life-changing difference. It is estimated that 48 million Americans have some form of hearing loss, and the majority of those individuals could benefit from hearing aids.

Like any other technology, hearing aids have made significant advancements to offer a better listening experience.

While hearing aids of the past would simply amplify sound, today’s hearing aids do much more.

The Oticon Opn is a

groundbreaking hearing aid that has opened up a new world of options for the user with features such as internet connectivity and OpenSound navigation.

The Opn works with the brain, allowing you to hear your favorite sounds clearly with less effort. Studies by Oticon show that 96 percent of users claim to hear better with the Opn, and another 81 percent claim to understand more with less effort.

The Opn is different because it does not rely on

directionality. Directionality is when the hearing aid focuses on one sound source and eliminates others. However, the Opn can quickly process multiple sounds at once. This allows you to hear better in crowded environments, such as restaurants or parties.

Since its release, the Oticon Opn has come out with added features. It’s now rechargeable and comes in custom styles.

There are five new in-theear designs, so more people can enjoy the benefits of Opn.

The in-the-ear design is a very discreet option. In fact, it is Oticon’s smallest hearing aid ever.

Ready to try Opn? To schedule a hearing consultation, please call Audiology Associates at 661284-1900. Patrice Rifkind, Au.D. and Kevin Bolder, Au.D are two of the best in Santa Clarita and San Fernando Valley. Visit our website at www.AudiologyAssociates.net or stop by our office located at 23838 Valencia Blvd, Suite 100, Valencia.

SCV CHAMBER OF COMMERCE PRESENTS SCV Chamber Announces Nancy Starczyk to Serve as 2019 Board Chair

TM

The Santa Clarita Valley Chamber of Commerce is pleased to announce Nancy Starczyk as the 2019 Chair of the Board of Directors. A leader in the SCV business community, Starczyk has been an active public policy advocate and community volunteer for decades.

2019 Employment Law Update

Starczyk currently serves as the Regional Chair of the Southland Regional Association of Realtors (SRAR).

In addition, Starczyk has served on the Chamber’s Government Affairs Council for nearly 10 years and has been active in various business alliances and organizations throughout her career.

Thursday, January 10 at 11:45AM

“I am honored to serve as the 2019 Chair of the SCV Chamber Board of Directors and look forward bolstering the Chamber’s advocacy work as we grow the Chamber’s membership,” said Starczyk. “The SCV Chamber is the ‘Voice of Business’ in Santa Clarita and we’re going to expand our advocacy work and business education and connections.”

Hyatt Regency, Valencia

CO-HOST & EVENT ORGANIZER

You can register online at: employmentlawrsvp.com

A REALTOR® for 30 years, Nancy has served several important roles at Southland Regional Association of Realtors. Before becoming the Regional Chair, Nancy previously served as President of SRAR in 2017 and SCV Division in 1998, 1999, 2009 and 2014.

For more information on this upcoming event, contact us at: 661-702-6977 Take the short Employment Law Update 2019 Survey at:

www.scvedc.org/survey

“Nancy Starczyk has been an instrumental part of the Chamber’s leadership and success over the last several years,” stated Troy Hooper, the current Chair of the Board. “Nancy has shown through her business accomplishments, community activism, and political advocacy work that she is ready and able to continue to move the Chamber forward.”

GOVERNMENT AFFAIRS The Government Affairs Council convenes to discuss policy decisions on local, county, state, and federal levels. Attend the meeting to have your voice heard throughout the Santa Clarita Valley and take a stance on some of today’s most pressing issues.

Tuesday, January 8, 2019 | 10:30 AM Henry Mayo Fitness & Health (note: new meeting location!)

24525 Town Center Drive | Santa Clarita, CA 91355

LATINO BUSINESS ALLIANCE The Latino Business Alliance (LBA) works to promote Latino-owned businesses as well as relevant issues facing our Latino business community.

In addition, the LBA helps to educate businesses on how to enhance a company’s efforts with Latino customers and businesses.

www.nextscv.com The SCV Chamber’s young professionals business council, NextSCV, aims to develop the next generation of leaders in the Santa Clarita Valley through personal and professional development, civic engagement and network building opportunities that ultimately stimulate local business and support the mission of the SCV Chamber of Commerce.

2019 BOARD OF DIRECTORS

Starczyk becomes Chair of the Board effective January 1, 2019. She will be ceremonially installed at the Chamber’s 96th Annual Awards and Installation Dinner on Friday, January 25, 2019.

THE VOICE OF BUSINESS | 28494 Westinghouse Place | #114 | Santa Clarita, CA 91355 (661) 702-6977 | www.scvchamber.com Content provided by the SCV Chamber

Chair of the Board Nancy Starczyk

Realty Executives

EXECUTIVE COMMITTEE Hunt Braly Marisol Espinoza Jeffrey Forrest Kevin Holmes Troy Hooper Jill Mellady Dr. Chris Raigosa Chris Schrage

Poole & Shaffery, LLP Southern California Gas Company College of the Canyons Martini Akpovi Partners, LLP Kiwi Hospitality Partners Mellady Direct Marketing Kaiser Permanente LBW Insurance Financial Services

BOARD OF DIRECTORS Corrine Barchanowicz Steve Cole Jason Crawford Monica Harrison Brian Higgins Pam Ingram Patrick Moody Andre Lupica Brian O’Connor Marlon Roa Henry Rodriguez Sandy Sanchez Liz Seelman G. Jesse Smith Dennis Sugasawara Dr. Dianne Van Hook John Vance Dennis Verner Karina Winkler Randal Winter

Westfield Valencia SCV Water Agency City of Santa Clarita LA Film Locations AAA Companies Re/MAX of Valencia Henry Mayo Newhall Hospital Logix Princess Cruises Marlon Roa Insurance State Farm Insurance FivePoint Southern California Edison California Institute of the Arts Dennis Sugasawara Financial College of the Canyons Vance Wealth Burrtec Best Western Randal Winter Construction

scvChamber.com