June Business Journal by Signal

SANTA CLARITA VALLEY June 2019 | Vol. 11 | No. 06 | SCVBJ.com

LDI: Rebuilding after recession

Real estate, new careers The List: Biotech in the SCV Landscape Development, Inc. Santa Clarita’s finest landscape construction and maintenance company. ‘We make our clients’ lives easier and bring them peace of mind’

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www.landscapedevelopment.com

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C O N T E N T S COVER STORY

8 Landscape Development Inc. CEO shares local success story

NEWS & FEATURES 6 SCV Chamber, Business Journal announce partnership 11 Legal changes affecting the status of employees, contractors 21 SCV business community advocates for new zoning 22 The List: SCV biotech companies

REAL ESTATE DATA 16

Residential & Commercial

SPOTLIGHTS 3 People, Places and Pictures 6 Four Questions: Amanda Etcheverry 24 Four Questions: Nikki Cervantes

Members of the business community heard pitches from hopeful entrepreneurs during a “Shark Tank”-style pitch competition at CalArts. PHOTO BY DAN WATSON / THE SIGNAL

SCV BUSINESS VOICES 5 7 12 13 15

Patrick Moody, Henry Mayo Newhall Hospital Dr. Kevin Bolder, Audiology Associates Holly Schroeder, SCV Economic Development Corp. Steve Nuñez, Mission Valley Bank Jason Beaman, Poole & Shaffery

FROM THE EXPERTS 0 2 22

Ken Keller: Making sure the grass doesn’t seem greener Paul Butler: The danger in idolizing leaders

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

8 When residents began to see their properties separate in front of them, Landscape Development was called in to restore the property, one of many services the businesses expanded to include during its post-Great Recession growth. PHOTO BY CORY RUBIN / THE SIGNAL

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21 A Job Creation Overlay Zone in the city of Santa Clarita would benefit office and industrial building projects in areas such as the Valencia Town Center, Needham Ranch, Centre Pointe and Tourney Road. PHOTO BY DAN WATSON / THE SIGNAL

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PEOPLE, PLACES AND PICTURES

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1. This illustration shows the projected appearance for the new home of Illumination Dynamics, which inked a long-term deal for a nearly 68,000-squarefoot space for Building 1 at The Center at Needham Ranch. This makes Illumination the first scheduled tenant. ILLUSTRATION COURTESY OF TRAMMELL CROW. 2. Judges from left: Holly Schroeder, president and CEO of the SCVEDC; Alan Lewis, entrepreneur; and Erik Arndt of Virtue Wealth Management, ask questions of presenters during a “Shark-Tank” like pitch presentations held at CalArts. PHOTO BY DAN WATSON / THE SIGNAL. 3. In May for RED Day, which is short for Renew, Energize and Donate, the Realtors at Keller Williams took a break from their listings, rolled up their sleeves and donated their time to their community. PHOTO BY NATHANAEL RODRIGUEZ / THE SIGNAL. 4. The Henry Rodriguez State Farm Insurance office on Soledad Canyon Road celebrated a grand re-opening and eight years of service in the SCV on Wednesday, with local business leaders and the SCV Chamber of Commerce. COURTESY PHOTO BY JOIE DE VIVRE PHOTOGRAPHIE. 5. Supervisor Kathryn Barger speaks during the State of the County address held at the Hyatt Regency Valencia in May. PHOTO BY DAN WATSON / THE SIGNAL. 6. Honeymee, the honey milk soft serve ice cream vendor, is now open at Westfield Valencia Town Center and is the SCV’s first location. PHOTO BY TAMMY MURGA / THE SIGNAL. 7. John Kabateck, state director of the NFIB, presents state Sen. Scott Wilk, R-Santa Clarita, with the National Federation of Independent Business’ “Guardian of Small Business Award.” The Guardian of Small Business Award is the National Federation of Independent Business’ (NFIB) most prestigious recognition for legislators who consistently support small business. COURTESY PHOTO BY SCOTT WILK

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J U N E 2019

June 2019 | Vol. 11 | No. 6

EDITORIAL

EXECUTIVE STAFF

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

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

ADVERTISING

ART/PRODUCTION

MULTIMEDIA ACCOUNT EXECUTIVES Sharon Bronson, Roni Charlton, Maureen Daniels, Brad Lanfranco, Toni Sims, Peter Smith

PRODUCTION MANAGER Doña Uhrig

PUBLISHER

PHOTOGRAPHERS Cory Rubin, Dan Watson

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ADVERTISERS INDEX

Audiology Associates, Henry Mayo Newhall Hospital, Kaiser Permanente, Landscape Development, LLC., LBW Insurance, Liberty Building Maintenance and Services, Inc., Louis Design Studio, Lyfe Networks, Mission Valley Bank, Poole & Shaffery, R & R Awards, SCV Chamber, SCV EDC, VIA

A number of local businesses are teaming up to support educators through a local startup called I Love Teachers. The purpose of ILoveTeachers.com is to “highlight businesses that recognize and appreciate teachers and educational support staff through discounts on everyday services and products,” according to the website. COURTESY PHOTO I LOVE TEACHERS

FROM THE EDITOR This is a most exciting time to be editor of the Santa Clarita Valley Business Journal. With the announcement of this magazine’s partnership with the SCV Chamber of Commerce, the business community’s leading publication is joining forces with the business community’s leading advocacy and service organization, forming an ideal team. Not only will the magazine reach a wider audience and offer more services to SCV Chamber members, this unity makes for a stronger presence working on behalf of local industry all the way around. We also have interviews with the Second Career Center, or SCC, which is now operating out of the recently rebranded community center for seniors, called Bella Vida. The SCC is one of a number of career-oriented services provided there. Ahead of legislative deadlines, we have information every business owner or employee services executive should be aware of regarding pending changes for what is considered an independent contractor. And speaking of advocacy, the SCV business community is working to build awareness of new standards necessary for property development in local business parks, which is part of a concerted effort to make sure Santa Clarita stays business friendly.

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CITY CORRECTIONS

Perry Smith, Editor Santa Clarita Valley Business Journal

SEPT. 2018 L. Romero

Santa Clarita Valley Business Journal (a Signal publication), © 2019, 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 PLAN + ELEVATION our+ growing community. Information gathered in the pages of the SCV Business Journal has been collected from what are SECTION 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. A1.0

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SCV BUSINESS VOICES

WHY VACATIONS KEEP YOU HEALTHY PATRICK MOODY Spokesman for Henry Mayo Newhall Hospital

oes taking time off work sound like more work than it’s worth? If you said, “Yes,” then you’re not alone. In 2017, 52% of American employees surveyed by “Project: Time Off” left unused vacation days on the table. But, that line of thinking may actually be harming your health.

outdoors reduces symptoms of anxiety and depression and lowers stress levels. It’s also an inexpensive option if you’re on a tight budget. Plan a staycation. Speaking of being on a tight budget, staycations are an alternative if leaving town is too spendy. The trick

to a staycation is finding ways to make your hometown new again. Try heading to a museum you’ve never had time for, or go explore another neighborhood. Something as simple as choosing a new restaurant can be enough to get you out of your comfort zone. Just remember that your staycation is a time to

recharge. Avoid spending it on household chores or workplace correspondence.  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.

WHY IT’S GOOD TO GET AWAY Vacations are important for both your mental and physical health. According to the Framingham Heart Study, men who skipped vacations for several years were 30% more likely to have a heart attack than those who used at least some of their vacation time. That’s not surprising when you consider the fact that vacations can help lower stress and blood pressure. BETTER THAN COUPLES THERAPY? Another benefit: Taking a trip with your significant other may improve the health of your relationship. One study by the University of Georgia found that women who vacationed frequently were more satisfied with their marriages than those who didn’t. THREE IDEAS FOR YOUR NEXT VACATION After you give yourself the green light to get away, it’s time to pick your destination. Don’t let money or stress stop you from enjoying the planning process. Try one of these three ideas to get your inner travel bug buzzing:

Pick a faraway destination. Go dig up your passport. Learning about a new culture and landscape will exercise your brain and may even boost your happiness. A study by the University of Vermont found that the farther travelers journeyed from home, the higher their happiness levels rose. Take a camping trip. Being Abbey - Business Journal.indd 1

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J U N E 2019

THE SIGNAL’S SCV BUSINESS JOURNAL TO BECOME OFFICIAL PUBLICATION OF SCV CHAMBER

BY SANTA CLARITA VALLEY BUSINESS JOURNAL STAFF

he Santa Clarita Valley Signal Newspaper and the SCV Chamber of Commerce today announced a new partnership agreement that will transform the SCV Business Journal to become an official publication of the SCV Chamber, ushering in an exclusive array of chamber member benefits while tripling the circulation of the Business Journal to 15,000. “The SCV Business Journal is a natural fit for The Signal and the SCV Chamber to work in partnership to tell the story of our business community,” said Richard Budman, publisher and owner of The Signal newspaper and the SCV Business Journal. “The purpose and mission

of the Business Journal and the Chamber are perfectly aligned and we see this as a strong partnership that will help to build our business community.” Beginning in July 2019, the SCV Business Journal will be branded on the cover as an official publication of the SCV Chamber of Commerce. The interior section of the monthly publication will feature six to sight pages of Chamber member content, including member profiles, new and renewing member listings, grand openings and ribbon cutting photos, advocacy information, member-tomember discounts, a complete calendar of chamber events and more. The SCV Business Journal’s ownership will remain with The Signal, while the SCV Chamber and The Signal will partner on content development, distribution and a profit

sharing for the publication. “This new partnership will provide extensive benefits to members of the SCV Chamber,” said Ivan Volschenk, Managing Partner at Evolve Business Strategies that manages the SCV Chamber. “The Chamber is going to be able to better promote and market our members to the business community and provide them exclusive chamber member discounted advertising rates.” Members of the SCV Chamber of Commerce will receive exclusive discount advertising rates and a complimentary subscription to The Signal. “The SCV Chamber is the Voice of Business in our community,” said John Musella, Partner at Evolve Business Strategies. “We’re proud to be working with the SCV

Business Journal to strengthen our voice and promote our members.” Also beginning in July 2019, circulation will increase from 4,000 to 15,000 recipients and include mailing the publication to every business in the SCV. Readers will enjoy a newly designed cover, six to eight pages of SCV Chamber content and the beginning of new page design and business news content. The Santa Clarita Valley Chamber of Commerce is the largest business membership organization in the Santa Clarita Valley representing more than 65,000 member employees. The Chamber serves as “The Voice of Business” working as the SCV’s leading business advocacy organization in the third largest city in the County of Los Angeles. 

I love the variety of people I get to meet. I love helping a family into a home of their own or helping investors work toward their retirement income. Every transaction is different, which means things never get boring.No two days are the same, which is probably my favorite part. It’s definitely a unique profession, in that success or failure rests with the individual, so being selfmotivated is essential, along with being available to clients 24/7. Most people don't understand everything we do on the back end, or just how many contracts, documents and laws we need to be well-versed in. Real estate is not for everyone, but I enjoy it and I’m good at it.

have. You want traffic, go over the hill.

FOUR QUESTIONS

AMANDA ETCHEVERRY Amanda Etcheverry is the chair of the Santa Clarita Valley division of the Southland Regional Association of Realtors, as well as being a Realtor at REMAX of Valencia and Santa Clarita. We asked Etcheverry about her role in the SRAR, as well as the real estate market in the SCV. 1. Please describe the nature of the role of chair of the SCV division of the Southland Regional Association of Realtors. The Santa Clarita Valley Division of the Southland Regional Association of Realtors focuses on the unique issues and opportunities found only in our valley. Santa Clarita has major housing developments, community projects and infrastructure needs that do not pertain to the folks over the hill in the San Fernando Valley or Los Angeles. Our real estate professionals have different challenges requiring very specific local information. As a result, the Division or-

PHOTO BY DAN WATSON / THE SIGNAL

ganizes events, seminars and luncheons designed to give SCV Realtors the information they need to better serve their clients. The chair of the division sets the agenda and moderates the discussions as we create an annual calendar of events. That includes luncheons and educational seminars, and meetings with the mayor, City Council, and L.A. County officials, plus state and federal local elected leaders. 2. What do you enjoy most about the real estate industry? Being a Realtor offers the ability to organize work around personal life, which has been even more important to me lately since I have a new baby girl at home.

3. What are some of the challenges facing the Santa Clarita Valley market? Like any community, there is a list of challenges — expensive housing; limited rental opportunities, a persistently low inventory of homes for sale, traffic, infrastructure, the good and bad that comes with having a town center that is the heart of the artery connecting Northern and Southern California. Some residents are livid about the traffic; others want lower housing prices. There’s a 50/50 split of residents, with half for more housing and half against new developments. We have our own unique challenges. Yet, to me, we are still exponentially better off than Los Angeles. I hear the negativity, but I’m genuinely happy with what we

4. What would you describe as the most significant trends you’re seeing in the Santa Clarita Valley real estate market? Santa Clarita is blessed with a healthy economy, a business-friendly environment, among the lowest crime rates in the state, business taxes better than many other communities, and top-rated schools and a community college that ranks among the best in California. While housing is expensive, we have yet to break the record high set last decade, which makes us relatively affordable, especially considering what Santa Clarita has to offer residents. We’re right in the middle: housing here is less expensive than the San Fernando Valley and L.A., yet not as affordable as Palmdale. I brag about this city constantly. The perks are amazing ... The challenge is to find the best balance, to benefit from the surrounding mountains and areas where expansion is still possible, needed, and inevitable, while keeping an eye on quality-of-life issues, the environment, and the things that make our city, our valley, great. 

J U N E 2019

SCV BUSINESS VOICES

FIVE HEALTH CONDITIONS CONNECTED WITH HEARING LOSS KEVIN BOLDER AuD, Audiology Associates

ealthy hearing means a healthier you! Check out this list of five common health conditions related to hearing loss to see if you could be at-risk.

Obesity. Studies show that people who are overweight have an increased likelihood of developing hearing loss. In fact, obesity can increase this risk by up to 27%. This correlation has been recorded in both adults and teenagers. Diabetes. Hearing loss is

twice as common in those and frequent hospital visits who have diabetes. It is due to improper balance. thought that the blood Your ears have many Cognitive Decline vessels and functions, including nerves in or Dementia. the ears are keeping you balanced! Your ability damaged due to hear gives People with hearing to unstable your brain the blood sugar loss are more likely to stimulation it levels.

“

experience dangerous needs to stay Frequent slips sharp and falls and frequent and falls. Your fight cognitive ears have hospital visits due to many funcdecline. Studimproper balance.” tions, includies show that ing keeping treating your hearing loss with you balanced! People with hearing aids can actually delay hearing loss are more likely to experience dangerous falls dementia.

Depression. Hearing loss can affect your ability to communicate, leading to feelings of isolation and even depression. This is especially true for women who are 70% more likely than men to experience depression. To schedule a consultation to explore this new technology, please call Audiology Associates at 661-284-1900. 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. We are hearing health care excellence. 

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LANDSCAPE DEVELOPMENT’S GARY HORTON ON COMPANY’S PERSEVERANCE AND GROWTH BY TAMMY MURGA Signal Staff Writer

alencia-based Landscape Development Inc., or LDI, made the Inc. 5000 list for the first time as one of the country’s fastest growing, privately held companies in 2007. More than 10 years later, the company of about 1,100 employees is showing no signs of decline. Somewhere in between those years, Gary Horton’s LDI, which has been in operation for 36 years, found itself staying afloat amid a significant financial landslide that buried businesses during the Great Recession. Just like the Santa Clarita Valley residents in the Trestles community who found themselves on shaky ground before LDI stepped in and volunteered services, Horton was able to find stability, which, for Landscape Development, led to unprecedented growth. But in both cases, recovery was no easy feat. Just before the recession, LDI had reached annual revenue of $93 million and yearly growth of more than 25 percent. By 2012, that nearly triple-digit earning plummeted to $22 million and its pool of employees shrunk from about 1,300 to 200. “It was beyond a recession; that was a Great Depression,” said CEO Horton. “In that recession, from 2007-12, we lost 70% of our revenue, equally, across the board.” Around that time period, several big-name companies filed for bankruptcy, but Horton and his team knew they wanted to continue executing their mission of making their clients’ lives easier and giving them a “peace of mind.” “How would we leverage what was left and how do we take opportunities?” said Horton about the company during the recession. “We huddled with top leadership and (created) a business plan to recover.” Here’s a closer look at how LDI not only rose from the recession but continues to be one of the nation’s fastest-growing businesses with a vision to cross the $150 million market by 2021. ‘EXPANDING ONE’S KNOWLEDGE’ When looking back at the good and the bad of LDI’s trajectory over

(Left) A few days after a recent rain storm, homeowners in the American Beauty and Trestles developments saw a dramatic shift in their properties. (Right) Landscape Development Inc. had crews on scene working around-the-clock to help repair and restore after the damage was done. PHOTOS BY CORY RUBIN / THE SIGNAL its plate to work with, but when the protective tarp, was working on the the years, Horton said returning to school was one of the best decisions Great Recession hit, the company, drainage system or manning the he could have made for the growth like millions of other businesses, “sump-pumps” located at the top of of the company. took a severe hit. the hill. The CEO studied finance for “We were married to home buildThe HOAs relied on LDI crews’ undergrad at the California State ing, but it wrecked us,” said Horton. work to stabilize the hill and take University, Northridge, and earned While home and commercial buildmeasures necessary to keep homean MBA from Loyola Marymount ing will be desirable, he said, LDI owners safe. University, but he didn’t stop there. had to diversify its services. Acquisitions have also played a Horton tackled business once The business now offers earth significant role in the company’s again; this time at the University of services, architecture and enhanced growth and its ability to offer these Pennsylvania’s Wharton School, landscape services, among other types of services, said Horton. known as one of the nation’s top operations. LDI has acquired five maintenance business schools. There he completed Homeowners association maintebusinesses, for example. Maintea five-week advanced management nance services and soil stabilization nance revenue alone has more than program created for senior leaders to have also helped offer unique serdoubled since the recession, making hone their leadership capabilities. vices to clients in the Santa Clarita “Eight years ago, I went to busiValley, such as during the aforemen- up close to 40 percent of overall company earnings and is expected to ness school,” he said. “There’s huge tioned recent landslide in Canyon continue growing. importance in continuing one’s Country’s Trestles community, and When it comes to adjusting to education and expanding one’s with brush clearing for residents in knowledge. That level of continuing Ventura County during previous technological advances and envito renew your education and keep it wildfires. ronmental challenges such as the fresh particularly in tougher times is For the residents of the American California drought, LDI has sucimportant.” Beauty and Trestles neighborhoods, cessfully transitioned with condiAnd it paid off. The company, tions. For example, the business has a recent storm and soil issues led to with its headquarters in the Valencia their well-landscaped backyards slid- implemented an almost all-digital Commerce Center, today operates ing into one another. LDI employsystem to track irrigation and plant as far north to Sacramento, south ees were there to blanket the soil palates for each project. The compato San Diego and east to Las Vegas, with spool after spool of tarp, and ny has also transitioned from brass and LDI projects about $110 million bag after bag of gravel. sprinklers to underground sprinkler in revenue this year, said Horton. The company’s 24/7 emersystems, as well as use succulents gency storm crews, when they A NEW BUSINESS PLAN and tall grasses for its projects. weren’t working with the reserve With a booming housing market pile to patch up or fix holes in the in the early 2000s, LDI had a lot on See LANDSCAPE, page 11

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J U N E 2019 FOUR QUESTIONS

NIKKI CERVANTES Leads the 2nd Career Center, a resource for joband career-seeking seniors at the new Bella Vida facility We caught up with Cervantes to find out more about the program she administers, how it supports the community and how people can become involved. 1. What’s the idea behind the 2nd Career Center? Seniors possess unparalleled experience, knowledge, work ethic and they have a need to work. The 2nd Career Center empowers older adults to take advantage of these attributes and return to the workforce, find their dream job, or even enjoy first-time employment. Applying for a job can be frightening, so the 2nd Career Center offers person-

We personally assist clients with tools to make the process of getting employment easier. Participants learn current resumewriting skills, interview techniques, and we work together to complete online applications. Monthly career workshops provide a venue for career support and for local companies to present and interact. 3. What does Henry Mayo Newhall Hospital see as its role or niche in the Santa Clarita Valley health care community, and how has that evolved over time? PHOTO BY DAN WATSON / THE SIGNAL al training, education, networking, and encouragement all within the comfort zone of their peers and in the familiar environment of the Bella Vita Senior Center. Procuring employment enhances quality of life by building self-esteem, confidence, and a sense of productivity. Also, finding a job is a matter of survival for many seniors who struggle financially on fixed incomes. 2. What types of resources are available there? The 2nd Career Center offers comprehensive resources and guidance.

3. What has the community response to the center been like? The community response has been amazing, both from businesses who are making a difference and the large number of seniors utilizing the Center. As awareness increases, support and interest continues to grow from companies looking for a dependable, reliable and committed employees. They realize the unique potential of older adults in the workforce. It is changing the lives of seniors who now have the opportunity to continue contributing or the chance to engage in a second career, creating a win-win situation, One of our participants, at the age of 74, was struggling and living in fear be-

cause she didn’t know what was going to happen and how she would survive financially. Encouraged and supported by the 2nd Career Center, she took a leap of faith with an opportunity provided by a local business. She’s now working full time! She can provide for herself and no longer lives in fear of the things she can accomplish at 74. 4. What are the various ways people can get involved, if they’d like to support the Second Career Center? Local companies can support the 2nd Career Center and positively affect the life of an older adult by working with us to provide employment opportunities. Businesses are sought to present at our monthly workshops and share employment tips and information to seniors. If individuals wish to get involved, there are various volunteer opportunities to support the mission. Please contact me and find out more about this valuable resource that is so impactful for our community. Businesses can partner with Bella Vida’s 2nd Career Center and be a part of a “Beautiful Life.” 

Lead the way to a healthier workplace culture. As a leader, you’re uniquely positioned to influence the health of your employees. Making sure your employees get the support they need to develop healthier lifestyles can positively impact your bottom line. Learn more at kp.org/choosebetter.

Choose Better. Choose Kaiser Permanente.

J U N E 2019

Economic Development Corporation Santa Clarita Valley

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

THREE REASONS WHY ECONOMIC DEVELOPMENT MATTERS BY HOLLY SCHROEDER President and CEO of the SCV Economic Development Corp.

ast month, the Santa Clarita Valley Economic Development Corp., or SCVEDC, joined the International Economic Development Council in celebrating Economic Development Week to help raise awareness of the importance of a strategic approach to economic development. So what is economic development anyway? It’s set of programs and policies that aid in the creation, retention and expansion of jobs, the development of a stable tax

base, and the enhancement of wealth. In our region, Los Angeles County, the city of Santa Clarita, College of the Canyons and the SCVEDC all work together for a unified approach to economic development. Here are three reasons why the SCV places a strong emphasis on economic development: 1. Economic development brings better jobs, and higher wages: At SCVEDC our mission is to bring high-paying, high-quality jobs to the Santa Clarita Valley with a focus on our major industry clusters — aerospace

and defense, advanced manufacturing, biomedical devices, digital media and entertainment, as well as information technology. In the last year: the SCVEDC helped 27 companies with their attraction, expansion, or retention needs; the companies SCVEDC assisted with attraction, expansion, or retention represented 1,560 jobs; and of the companies assisted, 74% were in our target sectors 2. Economic development brings better infrastructure: With better jobs and higher wages comes more tax revenue, and with that the ability to improve our community’s public works. Staying involved with our local government can give you a better idea of how your tax dollars are spent, and what’s possible when more tax revenue comes in. 3. Economic development can improve your quality of life: Better local jobs mean more opportunities for you to ditch your commute and find a local job. The benefits of doing this include saving on transportation costs and the stress associated with commuting. If you are looking for a career closer to home, check out SCVEDC’s new resource: liveworkscv.com and sign up to get notified when local opportunities arise. The Santa Clarita Valley Economic Development Corporation 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. For more information visit: www.scvedc.org. 

Econo Watch Santa Clarita Valley

Q1 ’19

Q4 ’18

Q1 2019 Sq Ft

Commercial Vacancy Rates Office Space

11.57%

12.58%

2,762,130

Industrial Space

4.30%

4.90%

23,277,893

Total Marked Sq. Ft. Vacancy Percentage 26,040,023 Office Space - as a % of Vacancy

10.61%

10.66%

N/A

Industrial Space - as a % of Vacancy

89.39%

89.34%

N/A

Building Permits New Commercial/Industrial Building Permits Commercial Tenent Improvements/Alterations

Apr. ’19

Mar. ’19

Apr. ’18

3 47

4 37

5 65

Local Company Stock Prices Bank of Santa Clarita (BSCA) California Resources Corp (CRC) Carnival Corp. (CCL) Mission Valley Bank (MVLY) Six Flags * (SIX) Woodward (WWD) Lennar (LEN)

Apr.’19 19.33 21.08 54.86 15 53.09 108.90 52.03

Mar. ’19 19.4 25.71 50.72 14.85 49.35 94.89 49.09

% Change -0.36% -18.01% 8.16% 1.01% 7.58% 14.76% 5.99%

Unemployment Rates Santa Clarita Palmdale Lancaster Glendale Los Angeles County State

Mar. ’19 4.0% 6.1% 6.4% 4.1% 4.4% 4.6%

Feb. ’19 4.0% 6.1% 6.4% 3.7% 4.2% 4.4%

% Change 0.00% 0.00% 0.00% 10.81% 4.76% 4.55%

Housing Stats SCV Median Home Value SCV Median Condo Value SCV Home Sales SCV Condo Sales SCV Avg. # of Days on Market (SF) SCV Single Family Home Inventory

Apr. ’19 608,200 450,000 214 38 89.3 441

Mar. ’19 614,000 375,000 168 82 80 408

Apr. ’18 588,000 410,000 191 95 90 323

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 · 11

J U N E 2019

A CLOSER LOOK AT AB 5 AND OTHER BILLS THAT DEAL WITH DYNAMEX DECISION BY TAMMY MURGA Signal Staff Writer

ore than 2,000 new proposals were introduced for this year’s California legislative year, including Assembly Bill 5, one of a handful of bills that could dramatically affect both businesses and workers over defining who is an independent contractor. The deadline to introduce new legislation was Feb. 22, with as-expected Dynamex-related proposals, which refers to one of the most controversial court decisions in relation to the status of employees and independent contractors, on the agenda. The Dynamex decision in 2018, brought to the Superior Court of Los Angeles by delivery drivers at Dynamex, paved the way for existing law that changes the way businesses classify workers as independent contractors. A three-part formula, commonly known as the ABC test, says workers are independent contractors and not employees if companies do not control their work, their tasks are outside of the company’s core business, and if they run independent businesses performing the same work. Among those bills directly targeting Dynamex is AB 5, which California Assemblywoman Lorena Gonzalez, D-San Diego, introduced to attempt to codify the decision and “clarify the decision’s application in state law.” “Individuals are not able to

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BUILDING THE RIGHT TEAM LDI strives to create “lasting trust and give you peace of mind,” possible only through a well-balanced team that a company builds, said Horton. After losing about two-thirds of its payroll numbers, LDI had to rebuild its staff but this time the hiring process aimed to create a team focused on values first and talent second. “We were careful to get it right this time,” said Horton. “When we hired staff, we filtered through a value of ethics like honesty, collaboration, friendliness, service commitment and thoughtfulness. Those

make it on three side hustles. That shouldn’t be the norm. That shouldn’t be accepted,” Gonzalez said in a statement. “In a state with one of the country’s highest poverty rates, this court decision is crucial to helping Californians maintain solid employment in an economy that’s left millions struggling.” The Dynamex decision focused on workers’ right to a minimum wage and overtime if they passed the ABC test, but Gonzalez’ bill would take it to the next level by adding benefits such as paid family leave, workers’ compensation, and health and unemployment insurance. Brian Koegle, employment and labor law attorney at Poole & Shaffery, said he views the proposed bill “as a step in the right direction.” “From an employer’s standpoint, Dynamex is a difficult standard for most employers to comply with,” he said. “This is now a step back, a pullback on what Dynamex did. This is a good sign that legislation is applying common sense to what’s happening on the mainstream that affects small and mid-size businesses.” The Santa Clarita Valley Chamber of Commerce, who announced in March it was joining the “I’m Independent” coalition to advocate for independent contractors, said the Dynamex decision is “putting the way of life of Californians at risk.” “For several decades, California has allowed independent contractors

kinds of things that you can’t teach, but you can control what kind of person you are or mood you bring to your clients and coworkers. This is part of our success story.” LDI’s success story is made up of several smaller stories about creating careers for its employees in all levels, including the current general superintendent of the company, who started as a field manual worker. “He’s responsible for 700 people and now owns his own home. This is a classic success story,” said Horton. “The most rewarding part for me is helping create careers in all levels. We’ve built thousands of them over the years. Our company culture is respect, integrity and honesty, and

Brian Koegle, partner at Poole & Shaffery, gives an update about changes in employment law with members of the business community at a recent event. PHOTO BY DAN WATSON / THE SIGNAL it is headed to the Committee on to be part of the workforce, allowing individuals who need schedule Appropriations. flexibility and extra income to make Other bills dealing with Dynamex ends meet,” said Chamber Chair include Senate Bill 238, which State Nancy Starczyk. Sen. Scott Wilk, R-Santa Clarita, But those in support say the co-authored, which looks to modify Dynamex decision is necessary to the ABC test and change it to approvide workers with the protection ply legislation closer to the federal and benefits they deserve. Among standard. Counter-response bills to them are Uber and Lyft drivers who Dynamex AB 71 and AB 233, which have publicly complained about focus on clarifying that insurance payment, terminations and working agents and brokers should be concondition issues. sidered independent contractors, are Drivers are only part of today’s also proposed. mainstream gig economy and that In relation to bills introduced, sector is only going to grow as more Koegle said, “I believe that if we can Californians work as independent take a step backward and unwind the contractors, said Koegle. The misclassification of workers as indepen- owners’ restrictions it will open oppordent contractors, however, costs the tunities for people to make informed decisions. I encourage business ownstate about $7 billion annually, according to the California Division of ers to reach out to local legislatures to support these types of acts because Labor and Enforcement Standards. that’s the only way we will be able to AB 5 is still in the legislative process, with the latest action indicating change the status quo.” 

when you marry that with good incentives and benefits, you build a wall of defense form people leaving.” LDI’s turnover is almost nonexistent, he added. Its employee basis of three, retention among office employees is about 7 percent, about less than 7 percent for professional field staff and about 20 percent for manual laborers. WHAT’S AHEAD Despite significant drops during the Great Recession, LDI’s revenue numbers and projects speak for themselves. Continued growth is in the vision for the coming years. “Our goal is to be a western regional green industry leader,” said

Horton. “That means future geographic diversity and also looking to diversify into other green industry fields, as well as further diversification in multi-use stories as we become more urban. That keeps Landscape Development busy.” The CEO said he expects to cross $150 million in revenue by 2021 and looking at additional acquisitions. He added that he is also interested in creating a multi-generational firm that can continue running LDI when he steps down. When may that be? “I don’t plan on slowing down myself, I can’t imagine it,” said Horton. “I should learn how to relax, but I don’t think it’s in the cards.” 

J U N E 2019

SCV BUSINESS VOICES

SANTA CLARITA GOING GLOBAL WITH FOREIGN INVESTMENT HOLLY SCHROEDER President & CEO of SCVEDC

ike all businesses that have chosen to locate in the Santa Clarita Valley, foreign companies are attracted by the region’s business-friendly approach, abundance of land, high quality of life, modern infrastructure, talented workforce and

strong local economy. Increased global connectedness not only means increased trade in goods and services, but also increased foreign direct investment, or FDI, which can take many forms, such as the direct

BUSINESS ASSISTANCE Your Santa Clarita Valley Business Advantage ONE-STOP RESOURCE CENTER The Santa Clarita Valley Economic Development Corporation is your single point of contact for all your business needs. From access to tax incentives to workforce training at low or no cost, from expediting business issues resolution to managing local business coalitions, SCVEDC connects your company to the right resources, and provides the solutions to keep your business thriving.

80% of job growth comes from the expansion of existing businesses. We’re here to help you grow! Our first visit to SCVEDC was the real reason we moved here. They are always looking after our best interest.

SCVEDC’s assistance with expediting the development process enabled us to hit our very aggressive construction schedule.

- Melissa Ramirez, Airbolt Industries

- Matthew Shepherd, Scorpion

stillgolden.org

scvedc@scvedc.org

661.288.4400

purchase of an existing firm, investment into a joint venture, direct investment into a new venture, or construction and outfitting of a facility. There are now an estimated 10,378 foreign-owned firms in Southern California, representing approximately 1.2 percent of all firms in the region, and nearly $27 billion in wages. With foreign direct investment becoming a key growth driver both at a national and regional level, the SCV Economic Development Corp., or SCVEDC, will participate in two back-to-back high-impact events devoted to foreign investors. First, SCVEDC will be attending and exhibiting at the 2019 Select L.A. Investment Summit, Southern California’s premier international trade event that brings together global investors with business and government leaders from around Southern California. SCVEDC will also be attending SelectUSA in Washington D.C., a U.S. government wide program led by the U.S. Department of Commerce. Since its inception, SelectUSA has facilitated nearly $50 billion in investment, creating and/or retaining tens of thousands of U.S. jobs. SCVEDC will exhibit as part of the California booth sponsored by the California Governor’s Office of Business and Economic Development (GO-Biz). We look forward to showcasing the investment opportunities in the SCV and the synergies with companies already operating here. We will highlight our workforce training programs and offer a range of options on how these companies can enter the U.S. market in SCV, from third-party fulfillment and logistics, to investment and development opportunities. As a private-public partnership representing the effort of regional industry and government leaders,the SCVEDC adopts an integrated approach to businesses. For more about the SCVEDC, visit scvedc.org. 

J U N E 2019

SCV BUSINESS VOICES

OVERCOMING OBSTACLES TO GROW YOUR BUSINESS STEVE NUÑEZ

Vice President and Relationship Manager Mission Valley Bank

ften referred to as the “price of sunshine,” California is not all surf, sand and sun. Living and doing business here comes at a steep cost. Taxes, fees and regulations often drive businesses away. Cash-flow problems are another common reason why small businesses experience growing pains, according to research from CB Insights. During a growth cycle, owners must spend money to make money. Manage cash carefully. Utilize channels that produce consistent sales and maximize their contributions to the bottom line. Many small business owners are unprepared for the realities of fierce competition, and quickly lose their way when trying to respond. Keep focus and continue to communicate the unique value proposition of your business to prospects and customers. Use appropriate communication channels to reach the intended audience. Growth can derail a company’s culture. To avoid the pitfalls, let company values guide decisions and hire great people who will embrace their role as champions of the organizational culture. With allies at all levels of the business, culture will grow and flourish. Companies that operate in a sector that experiences frequent upheaval must be prepared for constant change. Understand the concept that disruption is the new normal and train employees to be agile in the face of uncertainty. Know when to abandon a strategy. Failures are an important part of business growth and owners must train themselves to recognize where they occur, divert resources accordingly, and learn from those mistakes. Mission Valley Bank sponsors

quarterly business management-focused workshops. Plan to attend the next complimentary breakfast seminar titled “Channeling Communications: What Every Business Owner/ Manager Needs to Know About

Social Media,” presented by Teresa Todd of Point of View Communications LLC on Wednesday, June 19, at Angeles National Golf Club in Sunland. For details and to reserve a seat, call Anton Krotov at 818.394.2362. Mission

Valley Bank is a locally owned, full-service, independent community business bank. Steve Nuñez is vice president, relationship manager for Mission Valley Bank. Phone: 661.753.5681. 

2 0 1 9 Q U A R T E R LY B U S I N E S S E D U C AT I O N S E R I E S

YOUR SUCCESS IS OUR MISSION 2018

CHANNELING COMMUNICATIONS

What Every Business Owner/Manager Needs to Know About Social Media Topics we’ll cover – • How to get noticed in a crowded marketplace for ideas • Controlling the message while having others tell your story • Elements of newsworthy content • Importance of social listening and presence • 21st Century media economy • Balancing paid, earned, social and owned media assets • Protecting your brand and your business

Presenting Speaker:

Teresa Todd, MBA, MA Point of View Communications, LLC Wednesday, June 19, 2019

8:30 AM – 10:00 AM

Complimentary Breakfast Seminar Angeles National Golf Course, Sunland, CA

No cost to attend but RSVP required To RSVP or to learn more about Mission Valley Bank’s quarterly business seminars, contact Anton Krotov at 818.394.2362 or AKrotov@missionvalleybank.com M I S S I O N VA L L E Y B A N K . C O M Branches located in: SAN FERNANDO VALLEY CORPORATE HEADQUARTERS

SANTA CLARITA VALLEY SOUTH BAY CENTRE POINTE BUSINESS BANKING CENTER LOAN PRODUCTION OFFICE

9116 Sunland Blvd., Sun Valley

26415 Carl Boyer Drive, Santa Clarita

21515 Hawthorne Blvd., Suite 420,Torrance

818.394.2300

661.753.5693

310.432.0290

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 U N E 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 . VIA Experiences Growth Surge

Santa Clarita’s Business Organization Dedicated to B2B Expands Its Board of Directors and Moves to Larger Office Space In the first two quarters of 2019, it’s already been a year of growth and prosperity for the valley Industry Association as it expands its Board of directors, plans a move into larger office space effective July 1, hires additional staff, and recruits new members and sponsors. “We created four new positions on the Board, plus a change of designee for the city of Santa clarita’s seat,” said teresa todd, vIA’s 2019 chairwoman of the Board. “In addition to building a powerhouse board, committees are focused on creating value for our members through programs, educational opportunities, and advocacy efforts. There’s tremendous synergy throughout the organization assuring vIA is on track for transformative innovation this year.”

~ to the vIA Board of directors. vIA welcomes Monica Fawcett, neil Fitzgerald, Kim Kurowski, Jeff Meyer, and Steve nunez Interested in VIA? Contact Kathy Norris, CEO/President, at 661.294.8088 or kathy@via.org, or visit www.VIA.org to learn more.

MONICA FAWCETT A Business development Analyst for the city of Santa clarita’s economic development division, Fawcett manages the Business Incubator program and helps with business attraction, retention, and expansion efforts in Santa clarita. She holds a leadership position in a local business group to help develop young professionals into the next generation of community leaders. Fawcett is the city’s designee to the vIA Board.

NEIL FITZGERALD Working Pricing and Revenue for Princess cruises’ europe and exotic deployments, Fitzgerald moved from the united Kingdom to work at the cruise line in 2012. He joined the local JcI uSA (Jaycees) chapter ascending to the national level in recent years. In 2019, he was awarded a JcI Senatorship receiving lifetime membership of the global organization. He has served on many nonprofits and received accolades for his service.

Event Calendar

Reservations and payment can be made at www.vIA.org/calendar or call (661) 294-8088

TUESDAY, JUNE 18, 2019 11:45 AM | HYATT REGENCY VALENCIA 24500 town center dr., valencia

2019 SPEAKER SERIES THE TRUTH ABOUT YOUR COMPANY CULTURE Jorge Lopez, J&M Entertainment

WEDNESDAY, JUNE 26, 2019 6 pM | VALENCIA CouNTRY CLub 27330 tourney Rd., valencia

COCKTAILS & CONVERSATION

Supervisor Kathryn Barger TUESDAY, JULY 16, 2019

KIM KUROWSKI owner of A-1 Party, Kurowski has a talent for promoting ideas, projects and goals into successful, profitable business ventures. She brings leadership experience to the vIA board as an innovative teamplayer who understands the value of productive and quality-minded operations. Kurowski sponsors many nonprofit organizations and has been actively involved in the business community for more than two decades.

Black & White BASH

saturday

oct. 19, 2019 hyatt valencia TITLE SPONSOR

11:45 AM | HYATT REGENCY VALENCIA 24500 town center dr., valencia

2019 SPEAKER SERIES STATE Of THE STATE LEgISLATIvE UPDATE

TUESDAY, AUGUST 20, 2019 7:30 AM | THE uNIVERsITY CENTER 26455 Rockwell canyon Rd., valencia

VIA CEO FORUM

vip room sponsor Tweddell & Associates representing

Primerica

white glove sponsors City of Santa Clarita Henry Mayo Newhall Hospital SOS Entertainment Southern California Edison

JEFF MEYER co-owner of a wealth management and financial planning firm, Meyer has cultivated a practice with Thrivent Financial focused on helping individuals, families, small business owners and nonprofits. His practice is built around commitment to clients’ goals with a focus on investment and insurance planning and estate strategies Meyer’s is involved in many nonprofits and currently serves on the vIA Advocacy committee.

STEVE NUNEZ vice President and Relationship Manager with Mission valley ~ built his career in Bank, nunez commercial banking, specializing in business development, lending and credit operations. As an experienced community business banker, skilled in commercial Lending and credit Analysis, ~ track record has earned nunez’s him a solid reputation as an accomplished and knowledgeable business banker.

VIA BOARD OF DIRECTORS EXECUTIVE COMMITTEE

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

BOARD OF DIRECTORS

Nola Aronson

Advanced Audiology

J.C. Burnett

Courier-Messenger, Inc.

Monica Fawcett

City of Santa Clarita

Neil Fitzgerald Princess Cruises

Kim Kurowski A-1 Party

Mike Kuhlman

College of the Canyons

William S. Hart UHSD

Jason Gibbs Vice Chair, Advocacy

SCV Water Agency

GP Strategies Corporation

Michael P. Garrison, CPA Treasurer KKAJ, LLP

Kim Thomson Corporate Secretary

Kathie Martin

Mariella Masuda

Hyatt Regency Valencia

Jeff Meyer

Thrivent Financial

~ Steve Nunez

SCV Relocation Services

Mission Valley Bank

Myles McNamara Director at Large

Brian Schlick

Comfort Keepers In-Home Care

SchlickArt

Ted Sirotta

CEO/PRESIDENT

Henry Mayo Newhall Hospital

Valley Industry Association

Primerica Financial

Kathy Norris

Sue Tweddell

J U N E 2019

SCV BUSINESS VOICES

ESTATE PLANNING: CHANGING THE UNCHANGEABLE TRUST JASON R. BEAMAN Esquire, Poole & Shaffery, LLP

n the estate-planning world, there are two general categories of trusts: those that are “revocable,” and those that are “irrevocable.” By far, the most common type for estate planning purposes is the revocable living trust, or RLT. The RLT is the vessel that is built to hold all of your assets and it is the RLT that describes what will happen to your assets upon the happening of certain events, typically death. The RLT provisions describe exactly when and to whom the trust assets will be distributed. In a typical married person RLT estate plan, the married couple (the “Grantors”) will establish an RLT to hold their assets with themselves as the initial trustees. The RLT will remain revocable while the grantors are alive, meaning it can be freely amended or revoked completely. However, typically the RLT will become irrevocable at some point. Many times, this will occur upon the death of one of the grantors, and certainly upon the death of both grantors. In more complex estate planning, there are benefits to establishing trusts that are irrevocable from the beginning. This irrevocability trigger prevents any change to the RLT, effectively setting the grantor’s wishes in stone. Either way, once a trust is irrevocable it is finished, right? Well, as we lawyers are fond of saying — that depends. If all the beneficiaries of an irrevocable trust consent, the beneficiaries may petition for modification or termination of the trust. The court will likely approve a modification of the trust unless the modification or termination of the trust would frustrate the “material purpose of the trust.” The other situation that an

irrevocable trust may be modified is in the case where all the grantors are alive and all the beneficiaries consent. This modification procedure would simply involve an amendment document that was signed by all grantors and beneficiaries.

As with any legal document, the facts coupled with intent will dictate the proper course of action. As always, make sure you work with competent legal counsel when creating or modifying any estate plan. Jason R. Beaman is an associate

attorney in the law firm of Poole & Shaffery LLP. Beaman’s practice includes general business and corporate law, probate, trust administration and trademark law. For more information about Poole & Shaffery, visit PooleShaffery.com or contact (661) 290-2991. 

EMPLOYMENT LAWS HAVE CHANGED FOR 2019 It is extremely difficult for businesses to comply with California’s ever-changing employment laws. Call today for a review of your employment policies and procedures.

Minimize Your Risk of Exposure Today! Poole & Shaffery, LLP’s employment law services include: ■ ■ ■ ■ ■ ■ ■

Employment Agreements Employment Practices Severance Agreements OSHA Compliance/Violations Employment Handbooks Unfair Competition/Trade Secrets Wage/Hour Law Compliance

■ Insurance ■ Confidentiality Agreements ■ Family Medical Leave Act, California Family Rights Act, and related leaves

■ Regulatory Compliance ■ Workforce Reductions ■ Terminations

Call 855-997-7522 today to schedule your consultation!

Santa Clarita 25350 Magic Mountain Parkway, Second Floor | Santa Clarita, CA 91355 855-997-7522 · POOLESHAFFERY.COM

SANTA CLARITA | LOS ANGELES | VENTURA COUNTY ORANGE COUNTY | SAN DIEGO

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

J U N E 2019

RESIDENTIAL REAL ESTATE Housing Stats - Santa Clarita Valley

SCV Median Home Value SCV Median Condo Value SCV Home Sales

Source: Santa Clarita Valley Economic Development Corporation

April ’19

March ’19

April ’18

$608,200 $614,000 $588,000 $450,000 $375,000 $410,000 214 168 191

April ’19

March ’19

April ’18

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

38 89.3 441

82 80 408

95 90 323

April Sales Acton 04/2019 04/2018 New Listings. . . . . . . . . . . . . . . . . . . . . 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 Total Active Listings. . . . . . . . . . . . . . . 54 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49 New Escrows Closed . . . . . . . . . . . . . . 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Median Sale Price. . . . . . . . . . . $630,000 . . . . . . . . . . . . . . . . . . . . . . . . $599,000

Newhall 04/2019 04/2018 New Listings. . . . . . . . . . . . . . . . . . . . . 39 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 Total Active Listings. . . . . . . . . . . . . . . 50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36 New Escrows Closed . . . . . . . . . . . . . . 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 Median Sale Price. . . . . . . . . . . $560,000 . . . . . . . . . . . . . . . . . . . . . . . . $425,000

Agua Dulce New Listings. . . . . . . . . . . . . . . . . . . . . . 8 Total Active Listings. . . . . . . . . . . . . . . 18 New Escrows Closed . . . . . . . . . . . . . . .2 Median Sale Price. . . . . . . . . . . $615,000

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 . . . . . . . . . . . . . . . . . . . . . . . . . $660,000

Saugus New Listings. . . . . . . . . . . . . . . . . . . . . 99 Total Active Listings. . . . . . . . . . . . . . 138 New Escrows Closed . . . . . . . . . . . . . .71 Median Sale Price. . . . . . . . . . . $580,000

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 88 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67 . . . . . . . . . . . . . . . . . . . . . . . . $544,900

Canyon Country New Listings. . . . . . . . . . . . . . . . . . . . . 82 Total Active Listings. . . . . . . . . . . . . . 129 New Escrows Closed . . . . . . . . . . . . . . 60 Median Sale Price. . . . . . . . . . . $485,000

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 101 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 104 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 63 . . . . . . . . . . . . . . . . . . . . . . $490,000

Stevenson Ranch New Listings. . . . . . . . . . . . . . . . . . . . . 17 Total Active Listings. . . . . . . . . . . . . . . 20 New Escrows Closed . . . . . . . . . . . . . . 11 Median Sale Price. . . . . . . . . . . $480,000

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 . . . . . . . . . . . . . . . . . . . . . . . . $465,000

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 . . . . . . . . . . . . . . . . . . . . . . . . . $495,000

Valencia New Listings. . . . . . . . . . . . . . . . . . . . 119 Total Active Listings. . . . . . . . . . . . . . 140 New Escrows Closed . . . . . . . . . . . . . 100 Median Sale Price. . . . . . . . . . . $567,000

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 132 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 81 . . . . . . . . . . . . . . . . . . . . . . . . $550,000

Castaic New Listings. . . . . . . . . . . . . . . . . . . . . 33 Total Active Listings. . . . . . . . . . . . . . . 51 New Escrows Closed . . . . . . . . . . . . . . 31 Median Sale Price. . . . . . . . . . . $550,000

COMMERCIAL REAL ESTATE

28130 - 28166 Newhall Ranch Road

(INDUSTRIAL, OFFICE, RETAIL AND LAND) Retail Buildings

Sq. Ft.

Sale/Lease

GATEWAY VILLAGE 28225 Newhall Ranch Road 8090 Lease 1500 Lease 28231 Newhall Ranch Road 1500 Lease 28233 Newhall Ranch Road 1275 Lease 28307 Newhall Ranch Eoad COOPER RANCH PLAZA 25170 Rye Canyon Road 2100 Lease Seco Canyon Village 27959 Seco Canyon Road 1600 Lease 27935 Seco Canyon Road 1210 Lease The Promenade @ Town Center 27033 McBean Parkway 1695 Lease DEL RIO CENTER 23001 Soledad Canyon Road 1200 Lease 23005 Soledad Canyon Road 1200 Lease

Price $2.50 SF/MO/NNN $3.25 SF/MO/NNN $3.25 SF/MO/NNN $3.25 SF/MO/NNN $3.00 SF/MO/NNN $2.50 SF/MO/NNN $2.50 SF/MO/NNN $4.25 SF/MO/NNN $1.95 SF/MO/NNN $1.95 SF/MO/NNN

PLAZA DEL RANCHO 27674 NEWHALL RANCH ROAD Suite # D 5 1450 Lease

$2.50 SF/MO/NNN

SKYLINE PLAZA NWC Plum Canyon/Skyline Ranch Road 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 1400 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

$3.00 -$3.25 SF/MO/NNN

John Cserkuti (NAI Capital) 661-705-3551 VALENCIA MART 23154 Valencia Boulevard 1,200 - 10,300 Lease $1.25 - $2.25 SF/MO/NNN GRANARY SQUARE 25830-25848 McBean Parkway 1,200, 2,800 Lease

$2.50 - $3.50 SF/MO/NNN

GOLDEN OAK PLAZA 21515 Soledad Canyon Road 4895 Lease

$1.25 - $1.65 SF/MO/NNN

CENTRE POINTE MARKETPLACE 26477-26557 Golden Valley Road 922, 1,022, 1,239 Lease OLD ORCHARD SHOPPING CENTER 23323 - 23453 Lyons Avenue 2,575, 2,280 Lease HIGHRIDGE CROSSING

$2.00 SF/MO/NNN $1.50 - $3.25 SF/MO/NNN

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

$2.75 SF/MO/NNN

CENTER POINTE MARKETPLACE 26583 Golden Valley Road 1005 Lease

$2.75 SF/MO/NNN

CANYON SQUARE 18507 - 18597 Soledad Canyon Road 7,703, 1,292, 975 Lease

$2.00 - $2.50 SF/MO/NNN

Patti Kutschko (Daum Commercial) 661-670-2003 28200 BOUQUET CANYON ROAD Unit A 3500 Lease Unit B 900 Lease

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

Casidy Cook (NAI Capital) 818-904-2400 Ext. 1615 PLAZA POSADA 23546 Lyons Avenue 1400 Lease 23558 Lyons Avenue 1200 Lease

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

Cameron Gray (Daum Commercial) 661-679-2004, Cole Taylor (Daum Commercial) 661-670-2002 LYONS VILLAGE 23242 Lyons Avenue 1230 Lease 2570 Lease 23226 & 23228 Lyons Avenue

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

VISTA VILLAGE CENTER 25856 Tournament Road; Unit # K 1446 Lease 25864 Tournament Road; Unit # A 2736 Lease 25864 Tournament Road; Unit # B - C 2526 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 25710 The Old Road 11451 Sale Not Disclosed 25710 The Old Road 4,000 - 11,451 Lease $2.00 SF/MO/NNN

Yair Haimoff (Spectrum Commercial Real Estate) 818-579-8540, Randy Cude (Spectrum Commercial Real Estate) 661-567-1244 OLD TOWN NEWHALL PROPERTIES 24357 Main Street 1550 Lease $2.00 SF/MO/MG 22520 Lyons Ave; Laemmle Theatre Project 2058 Lease $2.25 - $3.00 SF/MO/MNN GOLDEN VALLEY PLAZA 26573 Golden Valley Road 783 Lease 1005 Lease 26583 Golden Valley Road

TBD TBD

RIVERVIEW PLAZA 19931 Sierra Highway 1479 Lease 19935 Sierra Highway 2074 Lease 26883 Sierra Highway 1220 Lease

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

STEVENSON RANCH PLAZA 25860 Hemingway Avenue 2330 Lease 25836-40 Hemingway Avenue 1,071 - 2,142 Lease

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

LYONS PLAZA 23740 Lyons Avenue 2,000 - 8,500 Lease THE VINE CASTAIC LAKE 31709 Castaic Road 4952 Lease 31725 Castaic Road 1063 Lease 31729 Castaic Road 1220 Lease

$2.00 - $2.50 SF/MO/NNN $1.00 SF/MO/NNN $1.00 SF/MO/NNN $1.00 SF/MO/NNN

31731 Castaic Road 31735 Castaic Road 31743 Castaic Road 31749 Castaic Road 31759 Castaic Road 31765 Castaic Road

1742 1077 1216 1400 1450 1422

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

SAN FERNANDO PLAZA 23630 Newhall Avenue; Unit C 1000 Lease

$1.50 SF/MO/NNN

SANTA CLARITA LANES PLAZA 21613 Soledad Canyon Road 43046 Ground Lease 6960 Sale 25057 - 25067 Peachland Avenue 27421 Sierra Highway 28059 Sale

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

SUTTER POINT PLAZA $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

Tim Crissman (RE/Max Crissman Commercial Services) 661-295-9300 1,700 – 7,000

Lease

VALENCIA TOWN CENTER 24300 – 24305 Town Center Drive 997 – 8,565 Lease

Negotiable $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

VALENCIA TOWN CENTER 24510 TOWN CENTER DRIVE Suite # 102 VTC I 1006 Lease 997 Lease Suite # 110 VTC III Suite # 170 VTC III 2472 Lease Suite # 190 VTC III 1706 Lease

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

Cody Chiarella (CBRE) 818-502-6730 20655 SOLEDAD CANYON ROAD Suite # 5 700 Lease 3032 Lease Suite # 24 1833 Lease Suite # 25

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

SWEETWATER PLAZA 33321 Agua Dulce Canyon Road 750 Lease

1.75 SF/MO/MG

Yair Haimoff (Spectrum Commercial Real Estate) 818-579-8540 SANTA CLARITA PLAZA 26111 BOUQUET CANYON ROAD Suite # D003B 3662 Lease

$1.25 SF/MO/NNN

CASTAIC CREEK PLAZA SWC THE OLD ROAD/LIVE OAK ROAD 29435 The Old Road 1500 Lease 29465 The Old Road 2000 Lease

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

APPLE VALLEY PLAZA 24777-24890 APPLE STREET Suite # 24876 C 440 Lease

$1.25 SF/MO/NNN

27516 THE OLD ROAD Pad # 1 2500 Lease Pad # 3 3000 Lease

Not Disclosed Not Disclosed

SOLEDAD ENTERTAINMENT CENTER 18710 Soledad Canyon Road 3000 Lease 18836 Soledad Canyon Road 1208 Lease

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

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

3582

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 - 2326 Lease

$1.75 - $2.50 SF/MO/NNN

Reena Newhall 661-253-3344 PLAZA CLARITA 25835 - 25845 Railroad Avenue 1,300 - 2,701 Lease

$1.50 SF/MO/NNN

Bruce Powell (Cornerstone Realty Advisors) 661-295-9000 23334 Valencia Blvd 18560 Via Princessa

1000 1500

Lease Lease

$2.50 SF/MO/NNN $3.00 SF/MO/NNN

Randy Cude (Spectrum Commercial Real Estate) 661-567-1244 THE VINE AT CASTAIC LAKE 31709-31725 1,603 - 7,235 Lease 31749 1216 Lease 1216 Lease 31759 31731 1743 Lease 31735 1077 Lease 31675 1422 Lease

$1.50-2.00 SF/MO/NNN $2.00 SF/MO/NNN $2.00 SF/MO/NNN $2.00 SF/MO/NNN $2.00 SF/MO/NNN $2.00 SF/MO/NNN

Randy Cude (Spectrum Commercial Real Estate) 661-567-124, Alan DiFatta (Spectrum Commercial Real Estate) 661-567-0012 BOUQUET SECO PLAZA 26811-A Seco Canyon 808 Lease

$1.50 SF/MO/NNN

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

Office/Commercial Buildings

Sq. Ft.

Sale/Lease

27413 TOURNEY ROAD Suite # 140 1008 Lease Suite # 150 3245 Lease 28310 Kelly Johnson Parkway 40559 Sale

24711 Avenue Rockefeller, Unit C

1560

Sublease

$1.76 SF/MO/FSG

Sam Glendon (CBRE) 818-907-4616 28338 CONSTELLATION ROAD Suite # D 1/900 6640 Lease/Sale $289.00 SF

$2.20 SF/MO/FSG

Doug Sonderegger (CBRE) 818-907-4607, Craig Peters (CBRE) 818-907-4616 CENTRE POINTE BUSINESS PARK 26340 DIAMOND PLACE Suite # 100 2200 Lease Suite # 110 4794 Lease Suite # 120 2000 Lease

Not Disclosed Not Disclosed Not Disclosed

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

27737 BOUQUET CANYON ROAD Suite # 109 1031 Lease Suite # 112 1020 Lease 1040 Lease Suite # 116 894 Lease Suite # 119 1079 Lease Suite # 123 850 Lease Suite # 126 1,095- 2,191 Lease Suite # 132/133 27630 The Old Road

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

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

LYONS VILLAGE 23226-23248 LYONS AVENUE Suite # 203 595 Lease Suite # 216 879 Lease 1201 Lease Suite # 219/220

$1.75 SF/MO/MG $1.75 SF/MO/MG $1.75 SF/MO/MG

VALENCIA ATRIUM 28494 WESTINGHOUSE PLACE Suite # 112 1720 Lease Suite # 303 1510 Lease Suite # 306 2270 Lease 1290 Lease Suite # 308

$2.35 SF/MO/MG $2.35 SF/MO/MG $2.35 SF/MO/MG $2.35 SF/MO/MG

TOURNEY PLACE PHASE II 27421 TOURNEY ROAD Suite # 105 2368 Lease 7622 Lease Suite # 207

$2.60 SF/MO/NNN $2.60 SF/MO/NNN

VALENCIA EXECUTIVE PLAZA 27201 TOURNEY ROAD Suite # 115 6575 Sublease

$1.95 SF/MO/FSG

RYE CANYON BUSINESS PARK 28212 KELLY JOHNSON PARKWAY Suite # 200 6077 Sale 1610 Sale Suite # 250 Suite # 165 & # 175 4520 Sale

$399 SF/$2.4M $410 SF/$660,100 $395 SF/$1.8M

RIVER COURT 25106 AVENUE TIBBITTS Suite # 100 2039 Lease Suite # 101 1713 Lease Suite # 102 1163 Lease Suite # 103 2875 Lease Suite # 104 2510 Lease 10255 Lease 2nd Floor

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

CENTRE POINTE PLAZA 26415 CARL BOYER DRIVE Suite # 220 1231 Lease

$2.85 SF/MO/FSG

SPECTRUM BUSINESS CENTER 28516 Constellation Road 2410 Lease

$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 OLD TOWN NEWHALL OFFICE 24270 WALNUT STREET 1st Floor 1000 Lease 2nd Floor 5694 Lease

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

24262 WALNUT STREET Suite # 1 325 Lease Suite # 2 325 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 # 100 29679 Lease Suite # 410 5081 Lease

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

Kevin Fenenbock (Colliers Int.) 661-253-5204 VALENCIA OAKS 23822 VALENCIA BLVD. Suite # 200 1905 Lease 962 Lease Suite # 204 Suite # 208 2443 Lease Suite # 306 2925 Lease

$2.35 SF/MO/FSG $1.95 SF/MO/FSG $2.35 SF/MO/FSG $2.35 SF/MO/FSG

Kevin Fenenbock (Colliers Int.) 661-253-5204 BANK OF AMERICA TOWER 23929 VALENCIA BOULEVARD Suite # 101 1427 Lease 1750 Lease Suite # 415

$2.50 SF/MO/FSG $2.50 SF/MO/FSG

Kevin Fenenbock (Colliers Int.) 661-253-5204 SUMMIT AT VALENCIA 27202, 27220 & 27240 TURNBERRY Suite # 100 29839 Lease Suite # 110 2856 Lease Suite # 110/120 5911 Lease Suite # 120 3055 Lease Suite # 210 12195 Lease Suite # 220 1866 Lease Suite # 240 1494 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 $2.35 SF/MO/FSG $2.35 SF/MO/FSG

Suite # 250

5596

Lease

$2.35 SF/MO/FSG

Kevin Fenenbock (Colliers Int.) 661-253-5204, John Erickson (Colliers Int.) 661- 253-520

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

Kevin Fenenbock (Colliers Int.) 661-253-5204 24801 PICO CANYON ROAD Suite # 201 1346 Lease Suite # 102 1439 Lease Suite # 103 1593 Lease Suite # 301 2741 Lease Suite # 102/103 3032 Lease Suite # 300 3811 Lease

$1.75 SF/MO/NNN

Cameron Gray (Daum Commercial) 661-679-2004, Cole Taylor (Daum Commercial) 661-670-2002 27819 Smyth Drive 1871 Lease $1.85 SF/MO/FSG + J

EXECUTIVE CENTER VALENCIA 25600 RYE CANYON ROAD Suite #105 1743 Lease Suite # 210 1250 Lease

PLAZA POSADA 23542- 23560 Lyons Avenue 450 - 1,070 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

Kevin Fenenbock (Colliers Int.) 661-253-5204 28212 KELLY JOHNSON PARKWAY Suite # 110 2699 Sale Suite # 280 1588 Sale

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

25060 AVENUE STANFORD Suite # 100 18252 Lease Suite # 145 1732 Lease Suite # 155 1342 Lease 2405 Lease Suite # 160 Suite # 250 4268 Lease 2973 Lease Suite # 260

Cameron Gray (Daum Commercial) 661-679-2004, Patti Kutschko (Daum Commercial) 661-670-2003 REBEL PROFESSIONAL CENTER 25050 AVENUE KEARNY Suite # 103 1004 Lease Suite # 108 860 Lease Suite # 212 1510 Lease Suite # 215 1416 Lease

$1.00 SF/MO/FSG $1.00 SF/MO/FSG $1.00 SF/MO/FSG $1.00 SF/MO/FSG

Randy Cude (Spectrum Commercial Real Estate) 661-567-1244 HERITAGE OAK 24961 THE OLD ROAD Suite # 101 1689 Lease Suite # 104 1432 Lease

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

VALENCIA TOWN CENTER IV 23822 W. VALENCIA BLVD Suite # 201 1271 Lease

$2.50 SF/MO/FSG

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

CENTRE POINTE 21064 Centre Pointe Parkway 3500 Lease

$2.25 SF/MO/MG

25031 AVENUE STANFORD Suite # 100 1818 Lease

$1.25 SF/MO/IG

THE LYONS BUILDING

PARAGON BUSINESS CENTER 24730 Avenue Tibbitts, Suite # 100 700 Lease 2191 Lease 26326 Citrus Street

$1.75 SF/MO/FSG $2.25 SF/MO/MG

John Erickson (Colliers Int.) 661-253-5202, Chris Erickson (Colliers Int.) 661-253-5207 SOUTHERN CALIFORNIA INNOVATION PARK 25102 Rye Canyon Loop; Suite # 110 7687 Lease 25134 Rye Canyon Loop 4483 Lease

$1.80 SF/MO/NNN $2.50 SF/MO/NNN

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

29021 AVENUE SHERMAN Suite # 101 2662 Lease 31519 Castaic Road 1228 Sale

$2.75 SF/MO/FSG $2.75 SF/MO/FSG $2.75 SF/MO/FSG

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

22777 LYONS AVENUE Suite # 105 500 Lease

CANYON BUSINESS CENTER 18335-18345 SIERRA HIGHWAY Suite # 7 1400 Lease 1600 Lease Suite # 8

$1.10 SF/MO/MG $1.10 SF/MO/MG

APPLE VALLEY PLAZA 24777-24890 APPLE STREET Suite # 24876 C 440 Lease

$1.25 SF/MO/NNN

Randy Cude (Spectrum Commercial Real Estate) 661-567-1244 125 SF - 1000 SF

Lease

Rent withheld

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

25152 SPRINGFIELD COURT Suite # 120 3251 Lease Suite # 140 3484 Lease Suite # 170 2073 Lease Suite # 200 2470 Lease Suite # 240 (can combine suite 240 and 295) 3733 Lease Suite # 250 2870 Lease Suite # 295 (can combine suite 240 and 295) 3083 Lease Suite # 320 2221 Lease

$3.05 SF/MO/FSG $3.05 SF/MO/FSG $3.05 SF/MO/FSG $3.05 SF/MO/FSG $3.05 SF/MO/FSG $3.05 SF/MO/FSG $3.05 SF/MO/FSG $3.05 SF/MO/FSG

25154 SPRINGFIELD COURT Suite # 170 6125 Lease

$3.05 SF/MO/FSG

Office/Medical Buildings 25775 McBean Parkway 25880 Tournament Road

Sq. Ft.

Sale/Lease

Price

1,201 - 6,682 1,043 â&#x20AC;&#x201C; 4,559

Lease Lease

$2.76 SF/MO/NNN Negotiable

Cody Chiarella (CBRE) 818-502-6730 PLAZA POSADA MEDICAL CENTER 25050 Peachland Avenue 800 - 1,837 Lease

$1.95 SF/MO/NNN

Cameron Gray (Daum Commercial) 661-679-2004, Cole Taylor (Daum Commercial) 661-670-2002 RYE CANYON BUSINESS PARK

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

28212 KELLY JOHNSON PARKWAY Suite # 200 6077 Sale Suite # 250 1610 Sale Suite # 165 & # 175 4520 Sale

25350 MAGIC MOUNTAIN PARKWAY Suite # 350 1535 Lease

$2.85 SF/MO/FSG

TOURNEY PLACE PHASE II - BUILDING 5

25360 MAGIC MOUNTAIN PARKWAY Suite # 270 (can combine suites 270 and 280) 1835 Lease Suite # 280 (can combine suites 270 and 280) 2503 Lease

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

27421 TOURNEY ROAD Suite # 105 2368 Lease Suite # 207 7622 Lease

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

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

David Solomon (CBRE) 818-907-4628, Douglas Marlow (CBRE) 818-502-6707 VALENCIA PARK EXECUTIVE CENTER $1.85 SF/MO/FSG $1.85 SF/MO/FSG

Not Disclosed Not Disclosed Not Disclosed

$2.60 SF/MO/NNN $2.60 SF/MO/NNN

CENTRE POINTE PLAZA 26415 CARL BOYER DRIVE Suite # 220 1231 Lease

VTC IV

25115 AVENUE STANFORD Suite # A 340 1346 Lease Suite # B 215 2206 Lease

Not Disclosed

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

28368 Constellation Road #360

THE COMMONS AT VALENCIA GATEWAY

24200 MAGIC MOUNTAIN PARKWAY Suite # 120 (can combine suites 120 and 130) 4169 Lease Suite # 130 (can combine suites 120 and 130) 1446 Lease Suite # 135 1753 Lease

$1.65 SF/MO/FSG Not Disclosed

Randy Cude (Spectrum Commercial Real Estate) 661-567-1244, Alan DiFatta (Spectrum Commercial Real Estate) 661-567-0012

WESTRIDGE EXECUTIVE PLAZA 26650 THE OLD ROAD Suite #105 3060 Lease Suite #200 2399 Lease Suite #300 21720 Lease

Matt Sreden (Spectrum Commercial Real Estate) 661-567-1243, Yair Haimoff (Spectrum Commercial Real Estate) 818-579-8540

$2.85 SF/MO/FSG

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 SMYTH COMMERCE CENTER 21515 Centre Point Pkwy 16,495 Sale

$4,500,000

Nigel Stout (JLL) 818-631-2068 BOUQUET SECO PLAZA 26781 Bouquet Canyon Rd 3913 Lease

$1.95 SF/MO/NNN

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

Richard Ramirez (CBRE) 818-907-4639

Land (Commercial, Industrial & Retail) Acres Sale

VALENCIA CORPORATE PLAZA 28480 Avenue Stanford 50351 Lease/Sale $2.85 SF/MO/FSG; $315 SF/$15.9M 28470 Avenue Stanford 1,459 - 18,531 Lease $2.75 SF/MO/FSG

Ridge Route Highway Ridge Route Highway 21613 Soledad Canyon Road

Craig Peters (CBRE) 818-907-4616, Richard Ramirez (CBRE) 818-907-4639 27441 Tourney Road, Suite 100 27441 Tourney Road, Suite 140

4486 484

Lease Lease

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

Richard Ramirez (CBRE) 907-4639 LYONS PLAZA 23502- 23504 Lyons Avenue 1,320 - 5,710 Lease

$1.85 SF/MO/FSG + J

VALENCIA FINANCIAL CENTER 23734 Valencia Boulevard 1,523 - 2,105 Lease 28110 Avenue Stanford, Suite A 2120 Lease 28097 Smyth Drive, Suite B 1645 Lease

$2.10 SF/MO/FSG + J $1.25 SF/MO/MG + electric $2.45 SF/MO/FSG + J

20 40 43560

Sale Sale Sale

Price

$.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

Jim Ebanks (Realty Advisory Group) 661-702-8880 x 12, Lauren Hunt (Realty Advisory Group) 661-702-8880 x 18 3840 Crown Valley Road

113

Sale

$0.35 SF/$1.7M

Randy Cude (Spectrum Commercial Real Estate) 661-567-1244, Alan DiFatta (Spectrum Commercial Real Estate) 661-567-0012 Soledad Canyon Road/Camp Plenty NEC Bouquet Canyon Road & Plum Canyon Road NWC Bouquet Canyon/Madrid Road

22 1.86 3.71

Sale Sale Sale

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

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 Î&#x2021; 19

J U N E 2019 John Z. Cserkuti (NAI Capital) 661-705-3551 SWC SOLEDAD CANYON RD/GOLDEN VALLEY RD Valley Business Center 1.19 Sale $29.00 SF/$1.5M Valley Business Center 1.9 Sale $29.00 SF/$2.4M Valley Business Center 2.29 Sale $27.00 SF/$2.7M Valley Business Center 2.67 Sale $27.00 SF/$3.1M Valley Business Center 3.86 Sale $26.00 SF/$4.4M Valley Business Center 4.96 Sale $27.00 SF/$5.8M Valley Business Center 6.15 Sale $26.00 SF/$6.9M Kevin Tamura (Daum Commercial) 661-670 -2001, Ron Berndt (Daum Commercial Real Estate) 661-670-2000

Sierra Highway/Crown Valley Road

1.4

Sale

$8.00 SF/$500,000

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

1.7

Ground Lease

$0.17 SF/MO/NNN

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

5.5

Sale

$39.00 SF/$9.4M

James Ebanks (Realty Advisory Group Inc.) 661-702-8880 x 12, Lauren Hunt (Realty Advisory Group Inc.) 661-702-8882 x 18 NEWHALL CREEK Railroad Avenue & Wiley Canyon Road 2.76 Sale 17559 Sierra Highway 7.05 Sale

$18.30 SF/$2.2M $7.33 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 2836-018-033 5.29 Sale Not Disclosed

Yair Haimoff (Spectrum Commercial Real Estate) 8180-579-8540 23600 Sierra Highway 23568 Sierra Highway 23638 Sierra Highway

10.28 6.14 33,785

Sale Sale Sale

$14.29 SF/$6.4M $22.42 SF/$6.0M $17.75 SF/$599,999

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

Industrial Buildings 29003 Avenue Sherman 28777 Witherspoon Parkway, Suite A

68123 53750 28970

John Erickson (Colliers Int.) 661-253-5202, Chris Erickson (Colliers Int.) 661-253-5207 27525 NEWHALL RANCH ROAD Unit # 1 11724 Lease

$0.80 SF/MO/NNN

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

93519

Lease

$0.72 SF/MO/NNN

Craig Peters (CBRE) 818-907-4616, Doug Sonderegger (CBRE) 818-907-4607 28815 Industry Drive 28863 Industry Drive 28875 Industry Drive 28895 Industry Drive

21,222 SF 15,611 SF 8,822 SF 16,450 SF

Sublease Lease Sublease Lease

$0.99 SF/MO/G $0.85 SF/MO/NNN $1.09 SF/MO/G $0.89 SF/MO/NNN

Matt Dierckman (CBRE) 818-502-6752, David Harding (CBRE) 818-502-6731, Greg Geraci (CBRE) 818-502-6741, Billy Walk (CBRE) 818-502-6733 SOUTHERN CALIFORNIA INNOVATION PARK 25161 Rye Canyon Loop 10215 Lease

$0.60 SF/MO/NNN

Craig Peters (CBRE) 818-907-4616, Doug Sonderegger (CBRE) 818-907-4607 $1.15 SF/MO/MG $1.00 SF/MO/MG

Lease

$0.78 SF/MO/NNN

Lease Lease

VISTA BUSINESS PARK 28305 Livingston Avenue 167990 Lease

$1.20 SF/MO/MG $1.20 SF/MO/MG $1.15/MO/MG $0.90 SF/MO/NNN $1.00 SF/MO/NNN $0.90 SF/MO/NNN $1.10 SF/MO/NNN $1.10 SF/MO/NNN $1.17 SF/MO/IG $0.90 SF/MO/NNN

$0.65 SF/MO/NNN

Nigel Stout (JLL) 818-631-2068 Sale

$255 SF/$1.6M

Kevin Tamura (Daum Commercial) 661-670 -2001, Ron Berndt (Daum Commercial) 661-670-2000 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) 213-270-2267 28358 CONSTALLATION ROAD Suite # 620 5202 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

$225 SF/$1.7M

CENTRE POINTE BUSINESS PARK 26450 RUETHER AVENUE Suite # 101 2250 Lease Suite # 202 2089 Lease Suite # 205 2089 Lease

$1.15 SF/MO/NNN $1.15 SF/MO/NNN $1.15 SF/MO/NNN

CENTRE POINTE BUSINESS PARK 26340 DIAMOND PLACE Suite #100 2,200 Lease Suite # 110 4,794 Lease Suite # 120 2,000 Lease

28545 Livingston Avenue 28454 Livingston Avenue

173000 134287

Lease Sub-Lease

$0.65 SF/MO/NNN $0.65 SF/MO/NNN

26841 RUETHER AVENUE Suite # D 1130 Lease

$1.15 SF/MO/IG

Ron Berndt (Daum Commercial) 661/670-2000 26763 Oak Avenue

13,408

Sale

Not Disclosed

Cole Taylor (Daum Commercial) 661-670-2002, Kevin Tamura (Daum Commercial) 661-670 -2001 28035 Smyth Drive 3888 Sale $285 SF/$1.1M Cole Taylor (Daum Commercial) 661-670-2002, Cameron Gray (Daum Commercial) 661-670 -2004 26846 Oaks Ave, Unit G, Canyon Country 2000 Lease $1.05 SF/MO/MG 26846 Oaks Ave, Unit F & G, Canyon Country 4000 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 #160

2332

Lease

$1.15 SF/MO/NNN

Pamela Verner (SCV Commercial Real Estate Services) 661-714-5271 26541 Ruether Avenue

8,000

Lease

$0.95 SF/MO/MG

Randy Cude (Spectrum Commercial Real Estate) 661-567-1244 VALENCIA INDUSTRIAL CENTER 24932 AVENUE KEARNY Suite # 2 5375 Lease

$1.15 SF/MO/MG

Yair Haimoff (Spectrum Commercial Real Estate) 818-579-8540, Randy Cude (Spectrum Commercial Real Estate) 661-567-1244, Andrew Ghassemi (Spectrum Commercial Real Estate) 661-567-1241

Major Industrial Projects

Sq. Ft.

Sale/Lease

THE CENTER AT NEEDHAM RANCH SWQ of Newhall Avenue/Sierra Highway 16,000 - 209,559 Sale/Lease

Price TBD

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

GATEWAY CORPORATE POINT 28486 WESTINGHOUSE PLACE Suite #110 7513 Sale

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

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

Sam Glendon (CBRE) 818-502-6745, Doug Sonderegger (CBRE) 818-907-4607

6100

$1.15/SF/IG $0.95/SF/NNN

24907 AVENUE AVENUE TIBBITTS Unit C 7050 Lease

Sam Glendon (CBRE) 818-502-6745

29021 Avenue Sherman; Front Unit 101

$1.10/SF/IG

26911 RUETHER AVENUE Unit #Q 1180 Lease 25215 Rye Canyon Road 12024 Lease

$0.73 SF/MO/NNN $0.70 SF/MO/NNN

Richard Ramirez (CBRE) 818-907-6745

15,537

$1.10/SF/IG

21170 CENTRE POINTE PARKWAY Unit #220 1963 Lease

Lease Sublease

28159 AVENUE STANFORD Unit #175 8098 Lease Unit #180 8241 Lease 16339 Lease Units #170 & #185 5720 Lease 28110 Avenue Stanford; Unit C 5456 Lease 28110 Avenue Stanford; Unit D 11,176 Lease 28110 Avenue Stanford; Units C & D 5045 Lease 28345 Constellation Road 2566 Lease 27520 Avenue Hopkins, Unit F

24830 Avenue Rockefeller

25040 AVENUE TIBBITTS Unit #L 2880 Lease

BERNARDS CENTRE POINT PARK 26370 Ruether Avenue 2680 Lease

REXFORD INDUSTRIAL CENTER

5190

$1.15 SF/MO/IG $1.15 SF/MO/IG

Price

Craig Peters (CBRE) 818-907-4616, Sam Glendon (CBRE) 818-502-6745

28307 Industry Drive

25570 RYE CANYON ROAD Unit #H 2500 Lease Unit #B 2000 Lease

Lease/Sale

Craig Peters (CBRE) 818-907-4616 25413 Rye Canyon Road, Unit B

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 28372 Constellation Road 3180 Lease $0.95 SF/MO/NNN

Gateway V Gateway V

50,743 60923

Lease Sublease

VCC; WEST OF I-5/N OF HIGHWAY 126 27788 Hancock Parkway 50930 Lease 27736-27772 Hancock Parkway 2,507 - 16,545 (Showroom) Lease

$0.74 SF SF/MO/NNN $0.69 SF/MO/NNN $0.77 SF/MO/NNN $1.30 SF/MO/NNN

Craig Peters (CBRE) 818-907-4616, Doug Sonderegger (CBRE) 818-907-4607 IAC Commerce Center (Phase 2)

50,000 - 21,.320

Lease

$TBD SF/MO/NNN

29040 AVENUE VALLEY VIEW; WEST OF I-5/N OF HIGHWAY Not Disclosed Not Disclosed Not Disclosed

DIAMOND BUSINESS CENTER 26306 Diamond Place 1,600 Sublease

$1.10 SF/MO/FSG

DISCOVERY GATEWAY SPECTRUM 28296 Constellation Road 5,831 Sale 28396 Constellation Road 3,180 Lease 25371 Rye Canyon Road 12,500 Sublease

$285 SF/$1.6M $1.10 SF/MO/NNN $0.82 SF/MO/NNN

John DeGrinis, SOIR 818-618-6955, Patrick DuRoss, SIOR 818-219-8903, Jeff Abraham, SOIR 310-880-7403 (Newmark Knight Frank)

Future Office Projects

Sq. Ft.

Sale/Lease

MONTICELLO SQUARE (OFFICE & RETAIL) 26701 McBean Parkway 10000 Lease

Price TBD

VISTA BUSINESS CANYON (OFFICE AND RETAIL) 27651 Lincoln Place 57000 Lease TBD TOURNEY PLACE (BUILDING 6) 27335 Tourney Road 45675 Lease

$2.95 SF/MO/FSG

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

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

RYE CANYON BUSINESS PARK 28381 Constellation Road 3,500-5,000 Lease

25421 Orchard Village Road (Medical)

DISCOVERY GATEWAY SPECTRUM PHASE II 28368 Constellation Road 3,770 Sale

$0.80 SF/MO/NNN $299 SF/$1.1M

41,210

Lease/Sale

TBD

Craig Peters (CBRE) 818-907-4616, Sam Glendon (CBRE) 818-502-6745 NOTE: Parties interested in further information should contact the listing broker(s) or SCVEDC at (661) 288-4400 or scvedc@scvedc.org

20 · 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 U N E 2019

MAKING SURE THE GRASS DOESN’T SEEM GREENER leaving your company to go to work elsewhere. Want to know why?

KEN KELLER

SCVBJ Contributor hen the headhunter calls they’re not calling for you.

The business headlines are touting an unbelievably low unemployment rate, with millions of jobs currently unfilled. It’s an employee’s market, the biggest I have seen in my lifetime. Those open jobs will be filled, and the people who fill them will be

I run CEO advisory boards for a living, and the topic most often discussed by my business owner and CEO clients these days is: “How do I find good people to work for my company?” In fact, this is the No. 1 challenge of all clients: finding good people. Let me define what I mean about good people in the way of a short story. One of my clients is an aerospace manufacturing company that does work for the U.S. Army. By law, the company must show documentation that all employees working there

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have passed a drug test. One of the owners identified more than 20 good and qualified candidates and interviewed each one. As you can imagine, this process took many hours. But he was pleased with the results, and invited each candidate to join the company and actually made them an offer, contingent on passing a drug test. He expected some fallout. What he did not expect was that he would never hear back from any of the 20, and so he was forced to start the search all over again, still looking for qualified people who can pass a drug test.

discussion for a long time because it turns out it was just a mirage. The employee shares that they have no idea as to when they will next receive a performance evaluation. The next topic that comes up is that the employee doesn’t think too highly of their boss. The boss treats them poorly, takes credit for their ideas, does not share information that will make the employee’s job easier, and refuses to discuss things like raises, bonuses and opportunities for growth.

At a higher level, manager and above, executive recruiters of every type — contingency and retained — are continually scouring the internet for the hint, a whiff, of a decent candidate. They most often look on LinkedIn.

All this comes down to the fact that the employee feels no loyalty to his or her boss. So, if another employment opportunity comes along, they are more than open to discussing it.

Having identified someone with experience and education, the recruiter calls and the first thing that happens after the telephone is answered is that your employee either gets up and closes their office door to have a confidential conversation or they grab their cellphone and head to the parking lot, where they can speak openly.

The last issue that surfaces in this telephone conversation is that the employee has no clue, no idea, as to what the direction of the company is.

The conversation begins as the recruiter describes the company, the opening, the opportunity and the rewards. Your employee then brings up, in no particular order, the issues that he or she is having where they are now working; the challenges, the obstacles, the problems and the situations they face every day. At the top of the list is that the employee hasn’t had a decent raise (or perhaps no raise at all) for some time. And, no one in the company is talking about when raises might be given. As for that almost guaranteed annual bonus that was discussed when they were first brought on board? Well, it hasn’t been a topic of

Even though this employee is allegedly in management, they have no clue as to how the company is doing, financially, or where it is headed strategically. Kept in the dark and without hope of being promoted or working for a better manager; no raise in sight, and a bonus off the table, who wouldn’t be looking for another job somewhere else? 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 SCVBJ.

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 U N E 2019

BUSINESSES SUPPORT PROPOSAL FOR NEW CITY STANDARDS BY PERRY SMITH Signal Managing Editor

he Santa Clarita Valley business community is expressing support for new zoning rules the city hopes will help streamline development and reach its goal of “providing two jobs per every new housing unit constructed.” The Job Creation Overlay Zone was supported by both the SCV Chamber of Commerce and the SCV Economic Development Corp., which noted these standards would help further the city’s “business-friendly” reputation. One of the biggest impacts is that it would raise the allowable height for office buildings, which is a necessity to make local industrial space competitive with locations south of the Newhall pass, business officials said. “The SCV Chamber also supports increasing beyond the proposed allowable height on office

buildings to six stories and to establish an equivalent height for industrial buildings, as well,” according to a statement put out by the business-advocacy group. “As our business community continues to grow with new business moving here and local company expansions,” said Nancy Starczyk, chair of the board for the SCV Chamber of Commerce, “it is vital for the city of Santa Clarita to provide appropriate development opportunities that meet current and future needs of business which bring high-paying jobs to our city.” Holly Schroeder, president and CEO of the SCV Economic Development Corp., praised the proposal as a move “in the right direction and consistent with the trends we are seeing.” “Changes in technology have made these taller buildings for industrial centers much more efficient; they’re also much more

desirable for the film and entertainment industry,” Schroeder said, “and if we want to keep attracting these jobs to the Santa Clarita Valley, we need to be proactive in meeting the needs of these industries.” The new regulations would impact existing business parks and industrial centers, according to Jason Crawford, manager of economic development for the city of Santa Clarita. “We tried to be very responsible in how we looked at streamlining this, where the new office buildings of this height would make the most sense,” Crawford said. “In trying to be responsible, we only have this pertaining to existing business parks where there are already buildings of an existing size today.” Crawford added the new rules wouldn’t impact construction next to residential areas.

“These are locations that are not near houses, that are in or close to business parks, that are in a transportation corridor,” he added. “We want to find that balance of increasing the job opportunities for high-paying jobs while making sure our neighborhoods keep the same character and quality of life that folks are accustomed to.” The move to streamline procedures wouldn’t impact the state’s California Environmental Quality Act guidelines that require environmental review for new development, according to city officials. If the commission approves the plan, it could be before the City Council for approval in June. 

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22 Î&#x2021; 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 U N E 2019

THE LIST: L argest B ioscience C ompanies R anked

E mployees

COMPANY

CONTACT

TITLE

ADDRESS

Boston Scientific

Maulik Nanavaty

Principal

25155 Rye Canyon Loop Valencia 91355

Quest Diagnostics

Sonya Engle

Director of Operations

27027 Tourney Rd Valencia 91355

Advanced Bionics

Jim Robinson

28515 Westinghouse Place Valencia 91355

Pharmavite

Henry Burdick

President

28104 Witherspoon Pkwy Valencia 91355

Q2 Solutions

Pearl Simon

HR Business Partner, Americas

27027 Tourney Rd Valencia 91355

Shield Healthcare

Jim Snell

President

27911 Franklin Parkway Valencia 91355

PDC - A Brady Business

Robert Case

President

27770 N. Entertainment Drive Valencia 91355

Cardinal Health

Marsha Aragon

Director of Operations

27680 Ave Mentry Valencia 91355

Stratasys Direct

Kent Firestone

CEO

28309 Ave Crocker Valencia 91355

Bioness

Todd Cushman

President

25103 Rye Canyon Loop Valencia 91355

Classic Wire Cut Company

Brett Bannerman

President

28210 Constellation Rd Valencia 91355

Alfred Mann Foundation

David Hankin

CEO

25134 Rye Canyon Loop Valencia 91355

Cicoil, LLC

Howard Lind

Managing Member

24960 Avenue Tibbits Valencia 91355

United Consortium

Joe Walls

CFO

29000 Hancock Pkwy Santa Clarita 91355

Eckert Ziegler Isotope Prod

Frank Yeager

CEO

24937 Avenue Tibbitts Valencia 91355

KLM Laboratories

Scott Marshall

President

28280 Alta Vista Ave Valencia 91355

Technical Manufacturing West

Brad Topper

General Manager

24820 Avenue Tibbitts Valencia 91355

Implant Direct

Ginger Page

Director, Technical Sales

25106 Avenue Tibbitts Santa Clarita 91355

Neotech Products

Craig McCrary

President

28430 Witherspoon Pkwy Valencia 91355

TriMed Inc

David Medoff

CEO

27533 Avenue Hopkins Santa Clarita 91355

Avita Medical

Mike Perry

CEO

28159 Avenue Stanford Valencia 91355

Ultraviolet Devices

Richard Hayes

President

26145 Technology Dr Valencia 91355

AM-Touch

Harry Khetarpal

CEO

28703 Industry Drive Valencia 91355

Talladium Inc.

Edward Harms

President

27360 Muirfield Ln Valencia 91355

SetPoint Medical

Tony Arnold

President & CEO

27441 Tourney Rd., Suite 200 Santa Clarita 91355

Telic

Matthew Kennedy

Director of Operations

24832 Avenue Rockefeller Valencia 91355

UTAK Laboratories

James Plutchak

COO

25020 Avenue Tibbits Valencia 91355

Valencia Technologies

Jeff Greiner

CEO

28464-28466 Westinghouse Pl Valencia 91355

Hayden Medical

Scott Clelland

President

26752 Oak Avenue Santa Clarita 91351

Western Scientific Company

Jeff Jenson

President

25061 Ave Stanford Suite 110 Valencia 91355

ROCS

Shanley Curran

President/CEO

27240 Turnberry Lane, Suite #200 Valencia 91355

Elytone Medical Electronics

Robert Holmes

Division Director

27201 Tourney Road, Suite # 225 Valencia 91355

Percusense

Brian Kannard

CEO

25134 Rye Canyon Loop #370 Valencia 91355

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 · 23

J U N E 2019

THE DANGER IN IDOLIZING LEADERS PAUL BUTLER Signal Contributing Writer

ost men in gym changing rooms don’t talk much. I break the mold as I love listening to and chatting with other guys before or after a workout. My wife often says I’d be in much better shape if I spent more time working out and less time socializing. Just this morning, I was chatting with a guy named Steve — he’s probably in his early 60s and a fine swimmer. I was asking him about his love of swimming and in casual conversation he mentioned he once swam in a house pool in Newhall where some friends had the late Brian Epstein over. I’m like, “Steve, did I hear you right? You swam in a pool as a kid right here in Newhall, with the late, great Brian Epstein — the manager of The Beatles?” Steve added some more detail to the story, yet in a very casual way. He was perhaps 8 or 9 years old, and the family of one of his childhood friends had some kind of connection with the music industry in the early 1960s. There was a tie-in to Capital Records — the company that distributed the early Beatles albums here in the states, and they’d invited Brian Epstein to hang out at their house for the afternoon. The family figured it would be a nice break for Brian from all the craziness surrounding The Beatles’ first visit to America. I could only think of two words to say to Steve: “Missed out.” I was thinking of all the opportunities he missed out on because he was too young to understand who was in his company. I mean, this was the greatest rock and roll manager perhaps of all time — Brian Epstein. I thought of all the questions he could have asked Brian. He may have been able to meet The Beatles in-person or see them in concert! I added two more words: “Dude, you missed out!” Steve didn’t see it like this — he was just a kid swimming in the

I’ve noticed how employees will often worship a leader — it’s almost as if our humanity is bent toward looking for someone to follow. Only when that leader falls from grace ... do we switch our attention to the next person to lead our team or organization. It reminds me of that phrase: “The king is dead — long live the king.” pool and some adults were talking while they played in the California sunshine. This small but big story set me thinking about how we can tend to idolize seemingly great men and women, especially in the workplace. I like Apple products — let me correct that: I love Apple products. Since I went to Mac, I’ll never go back to a PC. I love my iPhone and my iPad — I love the way they talk to each other — sometimes better than my wife and I do. What I can’t get my head around is how some people idolize the late, great Steve Jobs as if he was some kind of technological guru. Yes, he sure was a brilliant visionary, but I’ve read many articles about how he was a dreadful boss due to his demanding nature and tendency to micro-manage, long before we probably knew what the term meant. When I first came to America it was to work as the director of finance at what used to be Hilton’s headquarters in Beverly Hills. Baron Hilton was still working a 40-hour week in an office on the floor above me. Baron is the son of the founder of this corporate giant — Conrad Hilton. I remember how my colleagues used to idolize Baron, as if he was the god of the hospitality industry — but not so much Paris Hilton. What is it about our human condition, especially in the workplace where we have a tendency to idolize other people — be it Brian Epstein, The Beatles, Steve Jobs or Baron Hilton? I’ve noticed how employees will often worship a leader — it’s almost as if our humanity is bent toward looking for someone to follow. Only when that leader falls from grace (and there are plenty of examples of

this) or quits, do we switch our attention to the next person to lead our team or organization. It reminds me of that phrase: “The king is dead — long live the king.” Upon reflection, I like the vantage point my new friend at the gym had — he was just a kid, having fun in the sun while much more important people (in their own eyes) talked and talked and talked. What a great way of seeing the workplace — enjoy what we do because leaders come and leaders go. Some talk much more than they actually do. Some are good people and some are not. Either way,

lets not idolize them — they’re just imperfect people, like each of us. As Steve the swimmer said this morning in five words: “The Beatles were just people.” I could only think of three words to respond: “Yeah, yeah, yeah!” I guess men don’t talk much in gym changing rooms.  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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Participating Businesses as of May 10th CalArts City of Santa Clarita Wells Fargo A-1 Party Rentals Advanced 401k Solutions/Vance Wealth Advanced Audiology AFC Urgent Care Santa Clarita ART Risk Financial and Insurance Solutions Assemblywoman Christy Smith Capital Office Products College of the Canyons Desert Haven Enterprises Dignity Memorial George Betjoseph - Edward Jones Financial Henry Mayo Newhall Hospital Heritage Sierra Medical Group Holiday Inn Express KHTS Kidz Dental Care SCV L.A. Film Locations Logix Martini Akpovi Partners, LLP Mellady Direct Marketing Mosaic Travel Design Northeast Valley Health Corporation Painting with a Twist Pam Ingram, RE/MAX of Santa Clarita Pathview Capital Pilates Pro+ Poole and Shaffery, LLP Randal Winter Construction ResurgenceIT SchlickArt Photography and Video Studios SCV Locations SCV Water Agency Small Dog Creative SOS Entertainment Southern California Edison Southland Regional Association of Realtors Stay Green Stonefire Grill TeamLogic IT, Santa Clarita The Old Town Junction The Paseo Club The Signal The Way Out So Cal, Inc. UCLA Health Valencia Acura

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