SCV Business Journal Sept 2017

SANTA CLARITA VALLEY 4

$ .50

| Vol. 9 | No. 5

LOCAL BUSINESS PROFILE

Bocchi Laboratories pg. 8

SIGNAL DIGITAL SPOTLIGHT Re/Max Valencia pg. 11

THE LIST

Movie ranches pg. 22

September 2017

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SANTA CLARITA VALLEY $4.50 · Volume 9 · Number 5

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SEPTEMBER 2017

Entertainment in the SCV SCV plays the part of Steve Austin’s South Texas ranch..12 Three big budget features among state tax credit recipients . . . . . . .15 Business roundtable on the entertainment industry . . . . . . . . .16 T V shows based and shot in Santa Clarita . . . .. . . . .20

■ Filming in the SCV

Movies, web series, and music videos shot in Santa Clarita . . . . . 21

■ Business Roundtable

Features From Nothing to Something: Traveling Times Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

MannKind Corp. moving HQ to Westlake Village . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Signal Digital Spotlight:

Google Startup Grind coming

Re/Max Valencia . . . . . . . . . . . . . . . . . . . . . . 11

to Santa Clarita . . . . . . . . . . . . . . . . . . . . . . . . . . 7

From cartridges to the cloud, Image 2000 marks 25 years. . . . . . . . . . . . . . . . . . . . . . . . . 12

Local Business Spotlight: Bocchi Laboratories . . . . . . . . . . . . . . . . . . . . 8 Med Tech Solutions expands with acquisition of IT unit . . . . . . . . . . . . . . 9

Henry Mayo Newhall named Most Wired Hospital for 5th time. . . . . . . . . . . . . . . . . . . 13 ■ Loot Crate CEO to speak at Startup Grind

SCV Business Voices

Stages in Santa Clarita. . . . . . . . . . . . . . 22

How We Perform is Everything . . . . . 24

Appointments. . . . . . . . . . . . . . . . . . . . . . 23

Is Your Business Banker a Trusted

VIA. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25

Advisor . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24

SCVEDC. . . . . . . . . . . . . . . . . . . . . . . . . . . . 26

Apprenticeships Gain Momentum

SCV Chamber of Commerce . . . . . . . . 27

Through Apprenticeship Group . . . . . 24

Real Estate Section

SCV Business Services

Residential Real Estate. . . . . . . . . . . . . . 28

The List: Movie Ranches and Sound

Commercial Real Estate. . . . . . . . . . . . . 28

Index of Advertisers AV Party Rentals . . . . . . . . . . . . . . . . . . . 21 Fastframe. . . . . . . . . . . . . . . . . . . . . . . . . . 20 Henry Mayo Newhall Hospital. . . . . . . . . 7 Kaiser Permanente. . . . . . . . . . . . . . . . . 15 Kanowsky & Associates. . . . . . . . . . . . . 21 LBW Insurance. . . . . . . . . . . . . . . . . . . . . 19 Med Tech Solutions. . . . . . . . . . . . . . . . . 2 Mission Valley Bank . . . . . . . . . . . . . . . . 32 Newhall Mansion . . . . . . . . . . . . . . . . . . . 2 Niczap Motors. . . . . . . . . . . . . . . . . . . . . 8 Editorial SCVBJ Editor Patrick Mullen pmullen@signalscv.com 661-287-5509

Advertising 661-287-5564

Roger Doumanian –Attorney at Law . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Rancho Deluxe/Sable Ranch . . . . . . . . 3 SCV Economic Development Corp.. 11 SportsClips . . . . . . . . . . . . . . . . . . . . . . . . 12 TSI Digital Media. . . . . . . . . . . . . . . . . . . 10 Valencia Acura. . . . . . . . . . . . . . . . . . . . . 13 Valencia Country Club. . . . . . . . . . . . . . . 9 William L. Morris Chevrolet. . . . . . . . . 18 Multimedia Account Executives Dawn Begley Maureen Daniels Toni Sims Michael Madigan Administrative Assistant Courtney Briley

Circulation Circulation Manager Pam Conley 661-287-5580

From the Editor Only a few years ago, as feature and television productions bolted from California in pursuit of tax breaks elsewhere, there was real concern that filmed entertainment might be on the way out as an economic driver in greater Los Angeles.

These days, those worries are gone.

In the spirit of imitation as the sincerest form of competition, California got into the film tax credit business in 2014, and the counter attack worked.

The state has since tweaked the qualification rules to allow credits to go to larger productions. Disney’s “A Wrinkle in Time,” filmed in part in Santa Clarita, was the first beneficiary of that change.

The other factor driving a boom in production in Santa Clarita and across the state has been massive investment

in new shows from streaming services such as Amazon and Netflix. Put those trends together and the worries of a few years ago that production would dry up have given way to a very different and happier challenge: a shortage of sound stage space to keep up with demand. We hope you enjoy this month’s look at the current boom in the business of show.

Patrick

Patrick Mullen SCVBJ Editor pmullen@signalscv.com

Santa Clarita Valley Business Journal (a Signal publication), © 2017, is published monthly by the Santa Clarita Valley Signal newspaper, Paladin Multi-Media Group, Inc., 26330 Diamond Place, Santa Clarita, CA 91350. The SCV Business Journal is intended to provide business executives with a cross-section of industry news and information, trends and statistics that impact our growing community. Information gathered in the pages of the SCV Business Journal has been collected from what are considered reliable sources, and is believed to be accurate, but cannot be guaranteed. Articles may not be reprinted without publisher’s written permission. For reprint requests, please call 661-259-1234.

Art/Production Photographer Katharine Lotze

Executive Staff Publisher Jason Schaff jason@signalscv.com 661-287-5515

Online www.scvbj.com A PROUD PUBLICATION OF

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SANTA CLARITA VALLEY BUSINESS JOURNAL

SEPTEMBER 2017

FROM NOTHING TO SOMETHING

Traveling Times: Small teams can accomplish great things

By Ken Keller SCVBJ Contributor he Santa Clarita Valley has many intelligent, articulate and experienced business owners who, having enjoyed success, are ready to focus on turning their businesses over to the next generation to lead.

This handover provides these tenured leaders an opportunity to mentor others in their industry and in their community.

Mirko Ilich fits into this category as a mentor and I interviewed him as part of my series From Nothing to Something, stories of how businesses in the SCV were founded and built.

In 1976, Ilich founded Traveling Times, Inc., which serves the promotional needs of the travel and tourism industries worldwide with custom publishing,

T

 Mirko Ilich.

graphic design, and online marketing.

Through the years I’ve worked with many company owners, CEOs and entrepreneurs across Southern California, and one of the most fascinating things I’ve learned is the high degree to which immigrants to the United States are driven to win at the game of business in the United States.

I’ve had clients from Great Britain, South Africa, Israel, Cuba, Hungary, Greece, Mexico, Dominican Republic, and a few other countries. Several ingredients in the mix drive these individuals forward.

It might be that they feel they have something to prove to themselves or to others. Perhaps they would have been as successful if they had stayed in their home country. Or it could be that being

in this country presented opportunities to seize that others did not see.

In talking with Mirko nine key lessons emerged that other owners reading the Santa Clarita Valley Business Journal might benefit from learning and potentially can apply to their own companies.

1. Family buy-in is critical The first was the most critical to business success, and that is that your family must be supportive of your going into business for yourself, and must also support being in business once it is launched, through good times and bad.

Mirko had been a corporate executive in the hotel business and in financial services before launching Traveling Times in 1976. He has been married to Karen for 46 years and together, they built three companies, Traveling Times Inc., 34.30 Design Group, and TTi Communications.

By getting full support from a spouse and family for the business venture also means that you must, in return, support the passions and efforts of your family members too.

2. Go all in The second is once you start your business, you have to be all in. We discussed the movie “The Founder,” the story of Ray Kroc of McDonald’s hamburger fame. Mirko said he had seen it twice in the short time it had been in release and could relate to Kroc driving around the country selling milk shake machines and then hamburger franchises, because he had spent many hours driving to see prospects and clients all over the United States as well.

Mirko went through two cars driving back and forth and around the country in the early days. It was the fastest, least expensive and most efficient way to start and visit a client base that is now located 65 percent east of the Mississippi River and 35 percent west of it.

3. Stay in touch with clients Tied to the second lesson is the third, and that is stay in constant touch with clients. Mirko explained that while TTI is a service business, with high-end, well known brands as clients, it is first and foremost a relationship company.

There have been a few times when TTI had issues with delivering a quality product, and acted quickly to address the situation and did not lose any clients as a result. Building relationships takes time, but pays strong dividends.

The company still has clients dating to 1976, and this is no accident. Mirko and his

team believe in handshakes and saying “thank you” because they are partners with their clients. Visiting clients is part and parcel of the process of staying close to clients. Traveling Times prides itself on celebrating clients by marking their anniversaries and appropriate holidays.

“Our staff is our strength,” Mirko said.

“We have talented and committed colleagues that have been part of TTI for decades, some serving the same clients for more than 18 years.”

4. Seek life balance The fourth lesson is not a business one, but a personal one. It is to strive to have what Mirko calls “the complete life.”

In order to keep a clear head and good health, everyone should work to seek a balanced life between work and home.

He and Karen not only travel but they see movies often, visit museums and go to plays and musicals. Mirko is an avid reader, and stays in excellent shape. His

The company still has clients dating to 1976, and this is no accident. one regret in life is that he did not find Karen soon enough.

5. Build an advisory board Mirko shared that a good portion of his company’s success came as a result of his fifth recommendation, having an Advisory Board. Founded in 1979 to help guide company growth and provide outside perspective, this group of industry insiders, leading travel suppliers and travel agencies worldwide convenes once a year to pool their expertise and knowledge of travel consumers and travel industry trends.

As a young man, Mirko participated in his home country’s military service in what was then Yugoslavia, as required by law. He became intrigued by what Special Forces teams were able to accomplish.

These days we have a fascination with Seal Teams and how small groups are able to work together and accomplish missions that hundreds of ordinary troops could not.

What Mirko witnessed and participated in was that a small group of dedicated,

hardworking and motivated people, acting like owners, can accomplish anything.

6. Keep a lean team From the start, Mirko applied the “Special Forces” mentality and philosophy to his business. While the company has had headcounts well into the double digits, it became more selective about who it added to the team, weeding out potential under performers before they were offered positions. The current team at Traveling Times acts like owners and the business results prove that their hiring process works.

7. Empower the team The seventh lesson is that Mirko’s leadership philosophy is something rare for a privately held company: he believes that everyone works with him and not for him. This comes from that military background where there’s clearly a leader, but all team members are empowered to take care of their responsibilities and to support one another so that the team accomplishes its mission.

8. Harness technology Eighth, tied to becoming better at spotting talent is the use of technology to reduce costs and become more efficient.

The company has made the transition from paper only to digital and paper, and is constantly seeking better ways to deliver products to clients.

9. Select clients carefully Finally, choosing the right clients is critical. While a significant reason for the many years of solid business results comes because it serves a niche market, Mirko stated that the real reason for the long term success is that the company was selective about who it did, and does business with.

Mirko remains active in the business although he has turned many responsibilities over to his daughter Angela. At this point in his life, Mirko says he sees no reason to retire, he and the companies are right where they want to be.

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. Please contact him at Ken.Keller@StrategicAdvisoryBoards.com.

Keller’s column reflects his own views and not necessarily those of The Santa Clarita Valley Business Journal. 

SANTA CLARITA VALLEY BUSINESS JOURNAL 7

SEPTEMBER 2017

Google Startup Grind coming to Santa Clarita

By Patrick Mullen SCVBJ Editor anta Clarita is the newest outpost of Google Startup Grind, which holds monthly gatherings to give budding entrepreneurs a chance to hear from a successful startup’s founder while sharing ideas and experiences.

The first event on Sept. 12 will feature Matthew Arevalo, founder of Loot Crate, a subscription box service launched five years ago at Comic-Con. Loot Crate’s 675,000 subscribers receive a box of geek and gaming-related merchandise each month. In 2016, Loot

S

“

“People don’t realize the depth of entrepreneurial talent we have in the Santa Clarita Valley.”

-James McKinney, Status Not Quo

Crate raised $18.5 million in Series A funding, led by UpFront Ventures, with participation from Breakwater Investment Management, Time Inc., Downey Ventures, M13 and Sterling VC. “People don’t realize the depth of entrepreneurial talent we have in the Santa Clarita Valley,” said James McKinney, vice president of strategic growth at Status Not Quo, a Santa Clarita-based marketing firm, which is hosting the Startup Grind events.

“We also have resources at the city and at College of the Canyons, with business accelerators and MakerSpace.”

The goal of Startup Grind, McKinney said, is to educate and mentor entrepreneurs. “If you’re not in the grind or haven’t been through it, it’s difficult to understand what it’s like.” He has worked with other Startup Grinds over more than eight years working with startups.

Vibrant community “Santa Clarita has a vibrant startup community, but it’s fragmented,” McKinney said. The value of these events is to hear how someone who is further down the road overcame challenges.

“They bring that entire story of their startup. What were your conversations with potential investors like? How much bad money did you chase? What was it like when you got the financing?”

Derek Andersen and Spencer Nielsen founded Startup Grind in 2010. The company grew out of casual meetings Andersen had with friends and fellow entrepreneurs in his office at a startup in Mountain View, about being an entrepreneur.

Startup Grind’s first event was held in Andersen’s Mountain View office with nine attendees. From a side project, Startup Grind became Andersen’s main business “when he realized his meetups were more successful than his startup,” McKinney said.

In 2011, it spread to Los Angeles and

New York City. By March 2017, Startup Grind had a presence in 200 cities and 98 countries, according to its website.

In 2013, Google for Entrepreneurs came in as a global sponsor and technology provider to Startup Grind.

“Google’s involvement means that when I call a founder, the phone gets picked up,” McKinney said.

He said the group plans to hold an event every month at the Status Not Quo offices on Citrus Street in Valencia, which can accommodate up to 120 people. 

 Matthew Arevalo, founder of subscription service Loot Crate, will be interviewed at Google Startup Grind’s first Santa Clarita event on Sept. 12. Courtesy photo.

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SANTA CLARITA VALLEY BUSINESS JOURNAL

Bocchi Laboratories expands in Santa Clarita and Ohio

SEPTEMBER 2017

By Patrick Mullen SCVBJ Editor rowth is the order of the day at Bocchi Laboratories, a Santa Clarita-based contract manufacturer of personal care products.

The company is adding 45,000 square feet of warehouse and support space at its main facility on Reuther Road, and another 75,000 square feet to its second location in New Albany, Ohio, near Columbus.

“In California, we can add about 25 percent more volume without significant investment,” said Joe Pender, who is marking five years as Bocchi’s CEO. “We can add 300 percent in Ohio.”

The addition to the Ohio facility comes less than two years after the original 125,000 square-foot facility opened in late 2015. Last year was its first full year of production.

Last year, Bocchi reported 300 jobs and a payroll of $10.3 million at the New Albany facility, according to a legislative report from the city’s council. The expansion will add 75 full-time jobs and additional annual payroll of $2 million.

G

Strategic expansion “Putting a facility in Ohio is strategic in terms of where our customers are and in terms of risk mitigation,” Pender said. “If a natural disaster were to hit Southern California, our customers would still expect us to deliver their product.”

 Bocchi Labs in Santa Clarita. Courtesy photos.

The Ohio plant was a greenfield project, the first plant the company has built from the ground up. “Previously, we bought a building and shoehorned our processes into it,” Pender said. “With our building in Ohio, if we could dream it, we could make it happen. It’s somewhat more technology-driven. In the way that Silicon Valley is disruptive, we want our facility to disrupt contract manufacturing.”

In 2014, the Ohio Tax Credit Authority approved a 60 percent, seven-year Job Creation Tax Credit for Bocchi’s New Albany project, with the expectation

of creating 300 full-time jobs and $7.5 million in additional annual payroll, according to a statement from the office of Gov. John Kasich.

“There were many factors about the Columbus region that made this expansion the right decision for us,” Pender said in a 2014 statement, “including the region’s prime access to the eastern United States and a very favorable tax and labor climate.”

In Santa Clarita, the company has 360 employees, making it the Santa Clarita Valley’s 24th largest private employer, according to the Santa Clarita Valley Economic Development Corporation.

The company’s 86,000-square-foot production plant contains 34 tank configurations, ranging from 500 to 6,000 gallons, for liquid and emulsion products, 15 alcohol manufacturing tanks (1,500-3,000 gallon) for nonaerosol applications including hairspray, body sprays, and antibacterial gels, and 14 holding tanks (4,000-6,000 gallons).

The plan has 20 product filling production lines that include liquid filling lines, alcohol filling lines, a hot pour filling line with cooling tunnel, and tube filling lines.

Pender joined Bocchi in August 2012, having served as CEO of AWARE Products, a contract manufacturer based in Chatsworth.

“I believed Bocchi was well positioned for growth, with great facilities, great equipment and a great customer base,” he said. Pender said that Santa Clarita has a strong employee base, and good safety and security.

“My goals were to elevate our quality,

service, reliability, and level of innovation.

I looked to make Bocchi the pre-eminent contract manufacturer on the west coast."

One way to do that, Pender said, was to place a greater emphasis on new products and innovation.

“Our customers don’t care where great ideas come from,” he said. “They’re challenging suppliers like us, so we proactively develop product concepts and let our customers know when we see an opportunity.”

Founder Bob Bocchi started the business in 1989, then sold it in 1996 and retired for about ten years. About ten years ago, he bought the company back, and now serves as chairman.

Same language “He’s still active, and was in fact at the plant today,” Pender said. “We’re both operations guys with more than 30 years in this business, so we speak each other’s language.”

Pender expects the building expansions here in Santa Clarita and in Ohio to be done this month, in time for the seasonal surge in product demand. He said he wouldn’t be surprised if the company at some point expands to a third location.

“But I would be surprised if it were located in the United States.” Both Europe and Asia are attractive markets.

In the meantime, Pender’s goal is to make optimal use of its two existing plants to fuel growth. “Last year, we produced about 200 million units, and our goal by 2020 is to double that,” he said. 

SANTA CLARITA VALLEY BUSINESS JOURNAL 9

SEPTEMBER 2017

Med Tech Solutions expands reach with acquisition of Constellation’s IT unit

By Patrick Mullen SCVBJ Editor ed Tech Solutions, a Valenciabased health care cloud computing company, has acquired the health information technology business unit of Constellation Inc. “We knew them from the industry,” said James Deck, CEO of MTS. “Constellation, which is an insurance company, was looking to divest their IT operations. The two companies have a similar culture, vision, strategy and values.”

Constellation has a base in Minneapolis, so the acquisition is expected to help Med Tech expand its presence in the Midwest and increase the number of health IT experts who specialize in NextGen and other clinical systems.

Constellation provides medical liability insurance and services that support health care providers.

“

M

Expanded footprint “The main benefit is to expand our footprint in the Central and Eastern time zones,” Deck said. “The acquisition grows our company by about 30-35 percent, and adds twenty employees.”

One of those twenty is Steve Heimel, Constellation’s vice president of health IT operations, has been named chief operating officer of MTS. Heimel will oversee technology and delivery, the

based services,” Deck said.

“We’ve built out our own servers “The main benefit is to and storage capacity in Los expand our footprint in the Angeles and in New Jersey.”

Its main competitors are OTech Central and Eastern time Group in Jackson, Wisc., and Phreesia, based in New York City, zones. The acquisition grows which Deck said focus on patient check-in technology. our company by about 30“Our clients are small and 35 percent, and adds twenty mid-size medical clinics and ambulatory care facilities,” Deck employees.” said. “We provide a much less expensive IT solution than if they -James Deck CEO, tried to build it on their own. And they don’t have to worry about Med Tech Solutions making the wrong decisions. We have them covered. We’re helping these they saw the value to themselves.”

He added that political uncertainty smaller groups remain independent and compete against larger players in their about possible changes to or repeal of the Affordable Care Act is not a significant market.”

Over the next eighteen months, the factor for the company. “Technology will company will work to “enable patients to be part of the future no matter what be able to carry and share their medical happens in Washington. Health care records on their phones, regardless of providers are always looking to reduce where they get their coverage or who their costs. Our mission is to reduce the complexity of health care IT.” their provider is,” Deck said.

Deck said MTS is always looking at growth opportunities, but that no other Understanding value “The technology is there. The challenge acquisitions are imminent. MTS has four is to help providers understand the value main products: MTSCloud, an electronic in reduced cost and improved customer health record; ITCare, IT support and service. It’s analogous to when the banks customer service; HIPAACare, a risk got together to make ATMs possible. assessment and compliance service; They wouldn’t have cooperated unless and CareKiosk, a patient registration platform.

 Steve Heimel

project management office and client management.

“Bringing Steve on board is one of the key steps for us to take toward building a fully integrated cloud-first health care IT platform,” said Deck.

“Steve’s background and experience complement our leadership team as we look to advance MTS to our next stage of operational maturity and sustained growth.”

MTS works with payers and providers to provide health information technology and cloud solutions. It has regional offices in St. Louis, Minneapolis, and Morristown, N.J. Cloud-based services

“The core of our growth is in cloud-

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SANTA CLARITA VALLEY BUSINESS JOURNAL

SEPTEMBER 2017

MannKind Corp. moving HQ to Westlake Village Biomedical company has been based in Santa Clarita since its founding in 1991

By Patrick Mullen SCVBJ Editor fter 16 years in Santa Clarita, MannKind Corp. is moving its corporate headquarters to Westlake Village.

The bioscience company markets Afrezza, a fastacting inhalable form of insulin. The U.S. Food and Drug Administration approved Afrezza in 2014.

Afrezza is the first widely available drug to use MannKind’s Technosphere formulation technology based on a class of organic molecules that are designed to self-assemble into small particles onto which drug molecules can be loaded. These can be inhaled, replacing medications that can only be delivered by injection.

The company was founded in 1991 as Pharmaceutical Discovery Corp., and took its present form and moved to Valencia in 2001, when pioneering biomedical entrepreneur Alfred Mann merged that company with two others he owned.

In a quarterly filing with the Securities and Exchange Commission on August 7, MannKind provided details of a lease for more than 13,200 square feet of space on the top floor of a 64,000-square-foot building at 30930 Russell Ranch Road.

The space is in one of two buildings in the Westlake Landmark office park, next to the Lindero Canyon Road exit of the Ventura Freeway.

The 65-month lease, signed in May, calls for monthly payments of $40,951, which will increase by three percent a year, plus maintenance costs. It includes a fiveyear renewal option.

Jones Lang LaSalle acted as a dual broker on the

A

 MannKind Corp., maker of Afrezza inhalable insulin, is moving its headquarters from Rye Canyon Road in Valencia (left) to smaller space on Russell Ranch Road in Westlake Village. Courtesy photos.

transition for MannKind and the landlord, Russell Ranch Road II, LLC, which was also represented by ID Real Estate Group.

The move helps MannKind reduce operating expenses. The company “redeployed capital and critical resources across the company such as reducing our burn rate in facilities that aren’t being utilized," CEO Michael Castagna said in an Aug. 5 conference call with investment analysts. “Our move to Westlake Village from Valencia will reduce our expenses in the second half of this year.”

MannKind is one of 17 companies founded by Alfred Mann, and one of three that went public. Its headquarters is currently at 25134 Rye Canyon Loop, in the Southern California Innovation Park, the former Mann Biomedical Park. Its lease expired last month.

In January, MannKind sold 11.4 acres of land and a 146,000-square-foot building at 28901 N. Avenue Paine

in Valencia to Rexford Industrial Realty Inc. of Los Angeles for $17.3 million.

Rexford is a real estate investment trust that owns and operates 136 industrial properties across Southern California. The company owns about fifteen million rentable square feet and manages another 19 properties with about 1.2 million rentable square feet.

The sale of the building, which was vacant, helped MannKind reduce its operating expenses and focus on commercializing Afrezza, according to the company.

The two-story building was built in 1999 and includes 50,000 square feet of office space, 40,000 square feet of lab and support facilities, and 52,000 square feet of warehouse space.

In its most recent quarter, ending June 30, MannKind had a net loss of $35.3 million on revenues of $2.1 million. For the first six months of 2017, the company had a net loss of $51.7 million on revenue of $5.2 million. 

QUARTERLY EARNINGS ROUNDUP Five Point Holdings

Five Point Holdings, owner and developer of Newhall Ranch and other mixed-use master-planned communities in coastal California, reported second quarter 2017 financial results on Aug. 10.

“We are pleased to release our first earnings report as a public company,” said Emile Haddad, Five Point’s chairman and CEO, in a statement. “We are in the early stages of realizing the full potential of our unique properties in San Francisco, Los Angeles and Orange Counties. We remain focused on the continued execution of our strategy to generate significant cash flow from our assets following many years of plan-

ning, approvals of our entitlements and capital investment.”

Revenues increased by $6.0 million, or 83.5 percent, to $13.2 million for the three months ended June 30, 2017, from $7.2 million for the three months ended June 30, 2016. The consolidated net loss for the quarter was $24.3 million. $14.5 million, or just under 60 percent of the loss, was allocated to the company’s non-controlling interests, resulting in a $9.8 million loss attributable to the company.

In May, the company completed an initial public offering and private placement that raised $420 million in net cash proceeds, before offering expenses. Five Point reported cash and cash equivalents of $514 million at June 30, 2017. In April, it secured a $50 million unsecured revolving line of credit, all of which was available at June 30, 2017.

In July, the California Department of

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Fish and Wildlife re-approved the Resource and Conservation Plans and the Los Angeles County Board of Supervisors re-approved Landmark Village and Mission Village at Newhall Ranch.

And in August, Five Point acquired a 75 percent equity interest for $107 million in a venture that acquired the Broadcom campus at Great Park Neighborhoods in Orange County.

Bank of Santa Clarita

Bank of Santa Clarita reported record earnings for the first half of 2017, with net earnings up 40 percent to $909,000 from the same period a year ago.

The bank reported on July 27 that total loans grew to $215.2 million during the first half of 2017, and that it continues to have excellent credit quality in its loan portfolio, as it had no nonaccrual loans at June 30, 2017.

In reviewing first half 2017 earnings, the bank reported a year over year growth in net interest income of 4 percent, as well as improvements in both noninterest income and noninterest expenses.

“At the mid-point of 2017, our results demonstrate an upward trend of loan growth, improved operating efficiency and strong earnings,” said Frank D. Di Tomaso, chairman and CEO, in a statement. “Additionally, the bank’s asset quality metrics continue to be strong, as evidenced by the bank having no nonaccrual loans at quarter end.”

At June 30, 2017, shareholders’ equity totaled $28.2 million and the bank’s total capital ratio was 12.77

percent, exceeding the “well capitalized” level prescribed in the applicable capital regulations. The bank also continues to maintain substantial liquidity positions, retaining significant balances of liquidity on its balance sheet as well as readily available collateralized borrowings and other potential sources of liquidity.

Founded in 2004, Bank of Santa Clarita is the only full service commercial bank headquartered in the Santa Clarita Valley.

Wesco Aircraft Holdings

Wesco Aircraft Holdings Inc, Valencia-based provider of comprehensive supply chain management services to the global aerospace industry, Aug. 8 announced results for its fiscal 2017 third quarter ended June 30, 2017.

The company reported net sales of $363.9 million, down 3.0 percent, and a net loss of $229.6 million, or $2.32 per diluted share.

“Our fiscal 2017 third quarter results were poor and well below our capabilities, reflecting both execution issues and volume declines at certain key customers,” said CEO Todd Renehan in a statement.

“As we have previously disclosed, we are addressing execution issues through initiatives focused on improving profitable growth and margins; procurement and inventory management; customer service and on-time delivery; and efficiency and costs. While we are working hard on these initiatives, they See EARNINGS, page 23

SANTA CLARITA VALLEY BUSINESS JOURNAL 11

SEPTEMBER 2017

SIGNAL DIGITAL SPOTLIGHT

Margie Shaffer targets a new market of home buyers

By Ryan Painter

SCVBJ Contributor or Santa Clarita real estate agent Margie Shaffer, change has been a constant.

Shaffer spent her early years in Mar Vista, Culver City and Venice Beach, before slowly gaining her foothold in the Southern California real estate market.

“It was a fluke,” she said. “I was hired as a receptionist at a real estate company and kept working and learning until I could get to the top.”

Over the next 11 years Shaffer would continue to build a name for herself.

In 1997, the lifelong Westsider moved with her three small children to the Santa Clarita Valley. “I had my children in private school in West LA because the public schools weren’t very good,” she said. “Then I discovered Santa Clarita. It was safe, the schools were great, so I decided to move here.”

After making the move, Shaffer started Sky Blue Realty, which offered home loans and real estate services.

For a decade, Shaffer’s business thrived. Handling customers’ loans as well as home searches was enticing to many customers.

Business was strong until the Great Recession. “The last crash was devastating,” she said. “Especially since I owned a small business.”

Sky Blue’s home loan service, once a strength, became a liability, and the company went under.

After a stint at Realty Executives, she now works for RE/MAX of Santa Clarita, where she has “decided to get out of loans altogether and just focus on real estate.”

This approach works well for Shaffer, who has seven homes on the market.

Her approach is built around community outreach. “I’ve always attended charity events, usually four to five a year, and I think that giving back is huge,” she said.

Shaffer also stays in touch with former clients. “I’ll call them or have lunch with them. I try to write thank you cards as often as I can.” she said.

Looking Ahead “Housing is limited. People used to move every few years and they’re not doing that anymore. They probably financed for such low interest rates, that you just can’t beat that,” Shaffer said.

She sees developments such as those in Pico and Sand Canyons, as well as the Newhall Ranch project, as positives.

Much of Santa Clarita’s current demand for housing is predicated on proximity and access to LA, where many residents still work.

“There’s a really high demand for housing along the 5 freeway,” says Shaffer.

Why Signal Digital Solutions?

With high demand, Shaffer is looking for better ways to promote her services.

To target younger clients and attract as many potential clients as possible, Shaffer is pursuing advertising strategies based on social media.

“So many people are on Facebook,”

F

she said. “Then there’s Instagram and so much else. I’m not that familiar with that so Signal Digital Solutions can help me figure it out.”

Shaffer hopes this new pursuit will attract clients and leave a lasting influence on the Santa Clarita Valley. “I love it out here. I love the people. Newhall, that’s where my heart is.”

Margie Shaffer of RE/MAX of Santa Clarita can be reached by phone at 661755-4001 or by email at margieshaffer5@gmail.com. 

“

“Even beyond Facebook there’s Instagram and so much else. I’m not that familiar with that so I’m hoping Signal Digital Solutions can help me pursue these new avenues.”

-Margie Shaffer, RE/MAX Valencia

12

SANTA CLARITA VALLEY BUSINESS JOURNAL

SEPTEMBER 2017

From cartridges to the cloud, Image 2000 marks a quarter century

By Patrick Mullen SCVBJ Editor mage 2000, a document services company in business for 25 years and based in Santa Clarita for a year, is thriving amid the evolution from paper to pixels.

Based in the Valencia Industrial Center, the company has 140 employees, including close to 60 at its headquarters on Huntington Lane near Avenue Stanford. The company also has six other offices: in Fresno, Bakersfield, Orange County, Lakewood, the Inland Empire, and Las Vegas.

I

“

“We started out servicing copiers and printers, and as the technology has evolved, we’ve become more involved in cloud-based computing and digital technology.”

- Joe Blatchford, founder and CEO, Image 2000

“We started out servicing copiers and printers, and as the technology has evolved, we’ve become more involved in cloud-based computing and digital technology,” said founder and CEO Joe Blatchford.

As it has been for most of the company’s existence, the trend toward electronic documents keeps accelerating, he said.

“You can scan a document once, and share it in a number of ways, through email, as a file on a hard drive, or in a workflow management system.”

Still, some technologies that you might expect to find in a museum continue to find a niche. “You’d be surprised how many people still use fax machines,” Blatchford said, noting that pharmacies continue to use them. Printed paper copies remain popular for color copies of full-color documents.

The company services all brands of printers, copiers and fax machines, and Blatchford said there’s not much difference among companies’ hardware.

What is changing is the software that drives machines. Many machines can be controlled via a smartphone app.

“And I’ve seen things at trade shows like a voice-activated Alexa-type feature, where you walk up to the machine, put your document in the feeder and tell it to print 20 copies, stapled. There’s also a See IMAGE 2000, page 15

 Image 2000 founder and CEO Joe Blatchford, left, and partner Richard Campbell. Courtesy images.

 Image 2000 has been based at this facility in the Valencia Industrial Center since 2016.

Architect and builder William Cloyd Sr. dies at 84

By SCVBJ Staff

Noted Santa Clarita architect and homebuilder William C. Cloyd, Sr. died last month at his home on Iron Canyon Road.

Cloyd, a driving force in the growth of Sand Canyon for decades, was 84.

Born in Kentucky, he moved to California as a boy with his family, and chose architecture as his calling while still in his teens.

Cloyd designed award-winning churches, hospitals, and custom homes throughout Southern California and the Santa Clarita Valley, with a focus on Sand Canyon. He established Cloyd Construction as a young man. The company is now under the leadership of his son, Bill Jr. A member of the American Institute of Architects, Cloyd became a wellregarded, genre-authentic architect and builder, emphasizing structural integrity.

He was a member of group of eight American international hunters, the ATeam, and was invited as first-time ambassadors to Russia, Siberia and the Ukraine. He was an international traveler and a pilot, and had a second home in Anchorage, Alaska.

His commitment to the community

William Cloyd, Sr.

was evidenced in his contributions and service to the Foundation Board of Henry Mayo Newhall Hospital, the Santa Clarita Valley Senior Center, College of the Canyons and others.

He is survived by his wife, Erica, sisters Bonnie and Carolyn and spouses Kurt and Ken, and their families; Frank Huff and his family; many beloved cousins; children: Bill Jr. and Rachel and spouses; grandchildren: Carissa and Travis and spouses; as well as his large family in Bluegrass Country. Bill was preceded in death by his late wife, Jeanette. 

SANTA CLARITA VALLEY BUSINESS JOURNAL 13

SEPTEMBER 2017

Henry Mayo named a 2017 Most Wired hospital for 5th time

By SCVBJ Staff

H

enry Mayo Newhall Hospital has been named a Most Wired Hospital for the fifth consecutive year by the American Hospital Association’s Health Forum and the College of Healthcare Information Management Executives.

Henry Mayo, a 238-bed non-for-profit acute care hospital, is one of 21 hospitals in California to receive this award.

“This designation continues to be a remarkable achievement given that the criteria get harder every year,” Adnan Hamid, assistant chief information officer at Henry Mayo, said in a statement. “I would like to thank everyone for all their hard work in helping us maintain this important designation for the last five years and for continuing to champion the use of technology that improves the care and safety of our patients.”

“

“Most Wired hospitals are using every available technology option to create more ways to reach their patients to provide access to care.”

-Rick Pollack AHA President and CEO

The recognition is based on a survey of 698 health delivery systems representing more than 2,100 hospitals, nearly 40 percent of all U.S. hospitals.

The survey is designed to provide a barometer measuring information technology use and adoption among hospitals nationwide. It examines how organizations use IT to improve performance for value-based health care in four areas: infrastructure, business and administrative management; quality and safety; and clinical integration.

The survey found that Most Wired hospitals use smart phones, telehealth and remote monitoring to create more ways for patients to access healthcare services and capture health information.

This year’s results show: • 76 percent offer secure messaging with clinicians on mobile devices.

• When patients need ongoing monitoring at home, 74 percent use secure e-mails for patients and families to keep in touch with the care team.

• 68 percent simplify prescription renewals by letting patients make requests on mobile devices.

• 62 percent add data reported by patients to the electronic health record to get a better picture of what is going on with the patient.

• Nearly half of the hospitals are using telehealth to provide behavioral health services to more patients.

• 40 percent offer virtual physician

visits.

• More than 40 percent provide real-time care management services to patients at home for diabetes and congestive heart failure.

“Most Wired hospitals are using every available technology option to create more ways to reach their patients to provide access to care,” said AHA President and CEO Rick Pollack. “They are transforming care delivery, investing in new delivery models to improve quality, provide access and control costs.” 

 Dr. Larry Kidd, Henry Mayo senior vice president and chief clinical officer, left, and Adnan Hamid, the hospital’s assistant chief information officer. Courtesy photo.

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SANTA CLARITA VALLEY BUSINESS JOURNAL

SEPTEMBER 2017

SCV plays the part of South Texas for Steve Austin’s reality competition

By Patrick Mullen SCVBJ Editor ow do you produce a reality show set on a South Texas ranch, while staying within Hollywood’s thirty-mile zone?

Vince Cariati, executive producer and showrunner of “Steve Austin’s Broken Skull Challenge,” found the answer on a movie ranch in Agua Dulce.

“When we were developing the pilot, I had a conversation with Steve Austin about the need to produce the show on

H

“

The Santa Clarita Valley “can have twenty different visual personalities.

It’s representative of California as a whole.”

- Executive Producer Steve Austin’s Broken Skull Challenge

unforgiving terrain,” Cariati said, adding that since he’s been shooting here for a decade, he’s familiar with what’s available.

“What people don’t realize about Santa Clarita is how many different looks you can get,” he said. “I’ve shot at Old Town Newhall Ice Company, which has its own special look. Up at Castaic Lake, you can get a nice beachy look, and then at the Upper Lake, almost an industrial look.

Locations in the Santa Clarita Valley “can have twenty different visual personalities. It’s representative of California as a whole, where you can go from ski slopes to vineyards to the beach with ease.”

Cariati’s previous credits include producing “Dude, What Would Happen,” which aired on Cartoon Network from 2009 to 2011, as a senior supervising producer on “Whodunnit,” on ABC in 2013.

Cariati described the current show as “by far the toughest competition show on television,” and not one “that you can set up with some truss in a parking lot.

We wanted a location which was arid, hot, windy, dusty, almost post-apocalyptic, conditions that would be in lock step with the difficulty level of the challenges we were going to throw at the athletes.

 Vince Cariati, executive producer and showrunner of “Steve Austin’s Broken Skull Challenge,” which films in Agua Dulce and airs on CMT. Courtesy photo.

Agua Dulce in Santa Clarita gives us just that.”

Steve Austin sold the actual Broken Skull Ranch, near Tilden, Texas, earlier this year, but retained rights to the name. Even when he owned the ranch, practical considerations helped bring the production to Santa Clarita.

“Being inside the thirty-mile zone is huge from a budgetary view,” Cariati said. “We’re a cable show, and we’ve never had a massive budget. As long as we watch our costs, we have the freedom we need.”

See REALITY, page 23

AMG wins stadium contract

By SCVBJ Staff

artificial turf; directional and shielded staMG & Associates, Inc., a Santa dium lights; sound amplification system; Clarita-based public works a major storm water drainage system; contractor, has been awarded and site underground utilities upgrades.

The project was designed by KBZ Ara $29-million contract to overhaul and update Peabody Stadium at Santa Bar- chitects to serve not only the high school students, but also the surrounding combara High School.

The contract with the Santa Barbara munity as a resource for exercise, family Unified School District follows voter ap- play time, and sports groups. Compleproval of two construction bonds last tion is slated for the spring of 2019.

The addition of this project puts AMG’s fall. Contracts were officially awarded work in progress and total backlog to just on July 25.

The Peabody project will be an up- under $100M. This coincides with comdate to the nearly century-old stadium pany president Albert Giacomazzi’s proat Santa Barbara High School, AMG said jection of a 40 percent company revenue in a statement. The 40-acre campus increase from 2016 to 2017, which dovewas built in 1924, making it the third tails the 134 percent three-year average growth that caused AMG to be recogoldest high school in California.

Since the current grandstand does nized on Inc. 5000’s 2016 Fastest Growing Private Companies in America. not meet today’s building or accessibility codes, the major renovation will include a new 2,300-seat concrete grandstand, with a classroom, team room, weight room and press box; a synthetic surface track, which meets California Interscholastic Federation (CIF) standards, to replace the current asphalt track—one of the last in California; a combination  Peabody Stadium at Santa Barbara High School, opened in football, soccer and 1924, will undergo a$29 million overhaul, to be built by AMG & lacrosse field with Associates. Courtesy rendering.

A

SANTA CLARITA VALLEY BUSINESS JOURNAL 15

SEPTEMBER 2017

New round of state film credits includes 3 big-budget features

By SCVBJ Staff

T

hree big-budget films, “Captain Marvel,” “Island Plaza,” and “Midway,” are among eight features that will benefit from the latest round of California film tax credits, which allocates nearly $68 million to independent and studio projects.

A total of 92 projects sought tax breaks from California’s Film and Television Tax Credit Program during the first film allocation period, from June 27 to July 8. This is the program’s third fiscal year.

The eight film projects are on track to employ more than 2,600 cast and crew, and generate nearly $385 million in qualified spending.

The three films bring to six the number big-budget productions that have received credits. “Captain Marvel” and the other big-budget studio projects have production budgets over $75 million, which would have made them ineligible for the state’s first-generation tax credit program.

“Such films are a primary target for the tax credit program because they can bring significant jobs and spending to regions across the state,” said California Film Commission Executive Director Amy Lemisch in a statement.

“Our headquarters and post-production facilities are in California, so it’s very exciting to be able to film ‘Captain Marvel’ here in our home state thanks to this

California tax credit,” said Marvel Studios co-president Louis D’Esposito. “As a result, not only will we be able to streamline our production process for this and other films we’re working on concurrently, but we’ll have more time to spend with our families.”

Among the other projects selected for the latest round of tax credits are independent productions “Happytime Murders,” directed by Brian Henson and starring Melissa McCarthy, and “Cheney,” starring Amy Adams, Christian Bale and Steve Carell.

Based on data provided with each application, the eight film projects are on track to employ more than 2,600 cast and crew, and generate nearly $385 million in qualified spending. The state defines qualified spending as wages to below-the-line workers and payments for equipment and vendors.

Four of the eight projects plan to shoot at least partially outside the Los Angeles thirty-mile zone, as far away as northern California.

“Production companies are rediscovering the diverse locations available across the state,” Lemisch said. “For example, ‘Midway’ plans to film extensively in Alameda County, where the producers can take advantage of the Bay Area’s unique locations, production infrastructure and skilled crews.”

Year three of Program 2.0 began officially on July 1, the start of the state’s fiscal year. The next application period for feature films will be held October 16-20. The next application period for TV projects will be held November 6 – 13.

On September 18, 2014, Gov. Brown signed bipartisan legislation to more than triple the size of California’s film and television production incentive, from $100 million to $330 million annually. Projects approved for California tax credits are selected based on their jobs ratio score, which ranks each project by wages to

IMAGE 2000

WHO'S GETTING STATE FILM TAX CREDITS?

Source: California Film Commission

below-the-line workers, qualified spending for vendors, equipment, and other criteria. The top 200 percent ranked projects in each round (those that would qualify if twice as much funding was available for the current allocation round) are evaluated.

Those with the highest-ranked jobs ratios receive tax credits, while those not selected are placed on the waiting list. To allow applicants to compete against comparable projects, the program allocates funding in “buckets” for different production categories, including non-independent feature films, independent films, TV projects and relocating TV series.

Tthe California Film Commission awards tax credits only after each selected project completes post-production, verifies that in-state jobs were created, and provides all required documentation, including audited cost reports. 

SCHEDULED TO OPEN E ARLY 2018

Continued from page 12 virtual assistant who pops up when you approach the machine to help you with an almost physical presence.”

The company’s clients include Henry Mayo Newhall Hospital, College of the Canyons, and the Saugus School District.

“At the hospital, we take care of 400 machines, mostly printers and copiers, and still some fax machines. We have a person who is physically at the hospital on a full-time basis.”

Privacy a concern

Image 2000 just picked up another health care client in Adventist Health, with 21 hospitals and 80 ancillary facilities. “We beat out Xerox to get that contract,” Blatchford said. With hospitals, HIPAA compliance is huge. We’re dealing with documents that may contain patient information in the feeder trays of copiers, in the trash, and on hard drives.”

The federal Health Insurance Portability and Accountability Act of 1996 regulates data privacy and security provisions for safeguarding medical information.

One client took security measures to a whole new level. “We had a contract at Edwards Air Force Base at a unit so secure that they put our technician in a wheelchair and put a hood over his head,” Blatchford said. “An escort carried a lantern as a signal that this was an outsider and to not speak in front of him.

The copier was in a windowless room.

Our theory is that we were in Area 51.”

Last year, Image 2000 bought a building

appraised at $2.9 million, expanding its warehouse capacity to 22,500 square feet from space that was more than 5,000 square feet smaller. The added space adds capacity for its inventory of copier/printer/scanner/fax machines, as well as to house its local workforce.

“We wanted more warehouse space than we could get in Van Nuys, which lacked quality warehouse space for a reasonable price,” said Blatchford. “And there’s a better quality of life in Santa Clarita.”

The company’s 40 factory-trained technicians cover territory from Ventura down to the San Diego border, and out to Palm Springs.

Quick commute

The move also had a side benefit for Blatchford, a Santa Clarita resident since 1989: “a seven-minute commute, my friend, a seven-minute commute.”

That’s down from a commute that typically ran 35-45 minutes each way, or as long as 90 minutes when traffic was particularly horrible, he said.

As the company celebrates its 25th anniversary in September, it’s becoming more active in the community, he said.

“We’re involved with the Boys and Girls Club, and want to expand on that.”

The company will continue to focus on the medical market. “Even through the 2008 recession, there wasn’t even a blip in terms of business dropping off in that market,” Blatchford said. 

Specialty care, close to home New Santa Clarita Medical Offices 2 Our new facility will offer convenient access to our skilled surgical teams, as well as specialty services and urgent care to members of the Santa Clarita community.

26877 Tourney Road, Santa Clarita

kp.org/santaclarita

16

SANTA CLARITA VALLEY BUSINESS JOURNAL

SEPTEMBER 2017

“

California became a serious contender again.”

- Pete Brosnan

“

We were a destination location. We weren’t the place to start out. We have now become one of the places to start.”

- Karen Bryden

ROUNDTABLE:

Filming climate: What a dif

By Patrick Mullen SCVBJ Editor

I

n August, four professionals involved with the filming community in the Santa Clarita Valley got together for a roundtable to discuss the current status of the local filming economy.

Moderator for the Roundtable was SCV Business Journal Editor Patrick Mullen.

Participants: Pete Brosnan: Sr. vice president, Hollywood Locations; managing partner, Los Angeles Center Studios Karen Bryden: President, SCV Locations Evan Thomason: Economic Development associate for City of Santa Clarita who oversees the city’s film office and tourism Steve Arklin Sr.: owner of Rancho Deluxe Studios SCVBJ: How is the current atmosphere for filming in the Santa Clarita Valley?

Brosnan: Four years ago we were in dire straits. Other states and the international market were all luring the film industry—because of tax incentives, cheaper labor and the strength of the dollar. We were lucky enough to weather those tough times. It was two years ago when the state of California finally passed a more aggressive tax plan (film credits) that was more on par with what the other states were offering. California became a serious contender again. In addition, the expansion of Netflix, Amazon, Hulu and all the other entities online that have jumped into content production was a factor (for improvement of the filming industry).

Bryden: Because of the expansion of the California film credits and competing in that market, this year we have just started hearing again about a California location expo. We didn’t have one because we had lost so much business in Southern California.

Thomason: There’s a buzz going on in the film community.

SANTA CLARITA VALLEY BUSINESS JOURNAL 17

“

Our specialty is adaptability. We have so many neighborhoods, from new neighborhoods to older neighborhoods to open space.”

- Evan Thomason

“

“They know that they can come in here and spend a whole bunch of money to do these great effects and they can shoot for 36 hours straight and no one is going to say anything.”

- Steve Arklin

 Photos by Katharine Lotze/The Signal

fference a few years makes It’s almost a renaissance type of feel. We’ve seen it first hand in Santa Clarita. Shows approved for the California film incentive program are coming here. Most recently “Ballers” has moved here. The state really has come together as a community and embraced this return of filming.

Arklin: We’ve been increasing (at Rancho Deluxe) every year (since the increase in credits). This is probably the best year that we’ve had. One day last week we had over a thousand people filming on our ranch—very happy to have a job and very happy to not have to leave the state and their families.

Movie ranches were not included in the incentive program originally and after we met with the legislature and had some serious conversations they then introduced legislation to include the ranches into the film credits.

SCVBJ: Are there any other changes you’d like to see in the film credit program?

Brosnan: It’s still kind of complicated—the paperwork, the application process but we’re definitely moving in the right direction.

Bryden: I’d like to see them add something to increase location filming anywhere in the state of California. I’d like them to consider giving incentives to specific counties throughout the state. Remember what we have here. You can be literally anywhere in the world in California itself.

SCVBJ: Netflix this year is spending $8 billion on original content and they have more than $20 billion in debt and obligations. Are we seeing something of a production bubble? Is this sustainable?

Arklin: Right now we’ve got them lined up at the gate to film.

Thomason: In the last three or four years we’ve seen much higher numbers. We just finished up another strong fiscal See ROUNDTABLE, page 18

18

SANTA CLARITA VALLEY BUSINESS JOURNAL

SEPTEMBER 2017

ROUNDTABLE Continued from page 17 year and that has led to averaging around 1,300 film days.

Brosnan: It’s looking good. I’ve read the same articles about Netflix. I prefer to take the optimistic approach. Because of the way consuming content has changed, they are trying to stay ahead of it. They have a very low cancellation rate. It seems like these shows all get completed and the kids and everybody else are consuming it.

Bryden: Netflix guarantees that a show is going to air because they are doing it for themselves. They don’t produce it to sell it so they have an instant return to a certain extent on the money that they spend.

SCVBJ: What drew you to this business?

 Pete Brosnan.

Arklin: I was in the disposal business out here and I was very successful. I started with 5 acres and as my business grew I ended up with 200. Next door they had been filming since the 60s. They hired my son next door to work on equipment and tractors. Then they were in the middle of production and they started coming over our side and then it grew and my son said “let’s go into (filming) business.” It’s been growing.

My son has been running it.

Thomason: I’ve worked for the city for almost 20 years. I spent a lot of time in communications. I have a background in television production and video production. I’ve worked in communications with the film side and an opportunity came up so I’ve been doing this the last few years.

Bryden: I kind of fell into this. I came down to Southern California to go to college and had a friend who was in the industry. I always had a fascination with it.

Because I was fortunate to have that exposure, I realized it was my dream job. I haven’t really done anything else in my life. I started out in this business when I was 22.

Brosnan: My brother was a location manager on the great old show “Murder She Wrote.” I was just visiting from Chicago, so I would follow him around scouting and I thought “this is a pretty cool job.” He went away to do the movie “Terms of Endearment” in Lincoln, Neb. When he returned, I had moved out here. He said he really didn’t want to travel anymore. He relocated right behind Granary Square from the Hollywood Hills. He said he wanted to start his own firm Hollywood Locations and he asked me if I wanted to join him. We’ve been business partners for about 30 years. It’s fascinating, never a dull moment—the drama literally.

SCVBJ: What are some unsung locations for filming in the Santa Clarita Valley and where do we find a lot of filming taking place?

Thomason: The city has thousands of acres of open space. We’re actually discovering some (locations) as the city buys more open space and makes it available for the public.

One of the locations that was used for the Denzel Washington movie that is coming out was on Newhall Pass where the 5 and the 14 intersect and pointed toward the Valley.

I was talking to the location manager and he said he couldn’t believe that nobody has gotten this shot before. So I would say some of our locations have yet to be discovered.

Brosnan: I have been living up here for 30 years and I am in love with the scenery up here. You can put the camera in a lot of different places and have amazing views and vistas.

SCVBJ: How has the business changed in ways you wish it had not?

Brosnan: Because technology has allowed things to happen quickly, now we’re victims of our own success. It just has to be even faster and faster. We get desensitized to how fast it moves and the fact that an agreement more often than not isn’t signed until a day or two before filming, some corporate clients can’t quite groove with that. We have to explain that if you want to

 Steve Arklin Sr., Evan Thomason, Karen Bryden, Pete Brosnan

SEPTEMBER 2017

SANTA CLARITA VALLEY BUSINESS JOURNAL 19

be in this business you have to learn to adapt…especially with television.

Bryden: That is 100 percent accurate. I absolutely agree. Because a production company is such a gigantic monster or it can feel that way it can be very overwhelming for someone and that is why companies like mine and Pete’s and locations like Steve’s are so important because you have hands-on professionals who know exactly what to do.

Thomason: I will agree with all that especially from a permitting aspect. Because we got it done last time with very little notice doesn’t mean we can do it all the time. The locations community and the infrastructure we have in Santa Clarita are very close knit.

It’s very supportive of each other. You hear oftentimes of one studio referring to another because they can’t accommodate.

Drones have kind of flipped the permitting world over. There’s FAA rules, there’s extra insurance. So those have been a little bit of a challenge for us. Those are great looking shots but you have to make sure everything is done properly.

Arklin: As owner-operators we changed with it and we’re constantly changing. We expect it to change. The speed of which the city can do permits is more efficient than ever before.

SCVBJ: How has filming changed here in the Santa Clarita Valley?

Arklin: The amount of money these guys are spending! It has a lot to do with filming incentives and it also has to with the local movie ranch overlay (which allows more flexibility for filming).

When we didn’t have it we weren’t sure we were going to be here  Karen Bryden tomorrow because you had to have a conditional use permit. Now they know that they can come in here and spend a whole bunch Bryden: I think if filming would dry up it would be instantly devastating of money to do these great effects and they can shoot for 36 hours straight and easy to see. Not just the paychecks of the people who work here but and no one is going to say anything. the money productions spend.

Bryden: I have seen every change that you can imagine. I started in the industry right as the city was forming its film office. Then we were a destination location. We weren’t the place to start out. We have now become one of the places to start. I think that community-wise it is embracing filming and is now a part of the actual industry we have out here. We have property owners who are actively seeking filming.

SCVBJ: Do we have a filming specialty up here in the Santa Clarita Valley?

Thomason: I wouldn’t say we have a specialty. We do plenty of commercials. We have big features too. Oprah Winfrey’s “A Wrinkle in Time” just finished shooting out here. It doesn’t get much bigger than that.

Our specialty is adaptability. We have so many neighborhoods, from new neighborhoods to older neighborhoods to open space.

Brosnan: I’ve had four or five friends who have had to move away. They are more in the feature (film) world. They do what they have to do to follow the business. There’s the other ripple effects such as what it does to the housing market. 

Proudly serving as broker and trusted advisors for the City of Santa Clarita

SCVBJ: If filming dried up here what would the economic impact be?

Thomason: $30 million in just filming. Homeowners who can rent their home for filming would be affected. There a handful of businesses here that if filming didn’t take place they wouldn’t be able to exist. It’s also the hardware store, the grocery store. It’s also the people that work out here.

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20

SANTA CLARITA VALLEY BUSINESS JOURNAL

TV Shows based in Santa Clarita with state film tax credits

SEPTEMBER 2017

TV shows filmed on location in Santa Clarita

Ballers (HBO) Shooter (USA) Stitchers (Freeform) S.W.A.T. (CBS) Westworld (HBO)

TV shows based in Santa Clarita Atypical (Netflix) The Guest Book (TBS) MythBusters (Science Channel) NCIS (CBS) Santa Clarita Diet (Netflix) Shut Eye (Hulu) Ultimate Beastmaster (Netflix) Santa Clarita Diet

MythBusters

Adam Ruins Everything Agents of S.H.I.E.L.D. Alone Together American Crime Angie Tribeca Animal Kingdom Barry Baskets Betrayed Blood Relatives Bones Brooklyn Nine-Nine Cesar Milan’s Dog Nation The Challenge: Champs vs. Pros Chance Charlie Foxtrot Cold Case Files Colony Corrupt Crimes Crazy Love Criminal Minds Criminal Minds: Beyond Borders Declassified Drunk History Evil Things Fameless Fan Slam

Brooklyn Nine-Nine

Fear Factor Flaked Food Network Star Germany’s Next Top Model Get Shorty Grey’s Anatomy Guilty Rich Hand of God Heathers House Hunters Family I Love Dick Jay Leno’s Garage Jean-Claude Van Johnson Just Add Magic The Last Man on Earth The Last Ship The Legend of Master Legend Malibu Surf Making History Man vs. Master Mayans MC Medal of Honor Murder Among Friends My Cat From Hell NCIS: Los Angeles Notorious One Mississippi

The Orville People Magazine Investigates Pitch Rabbit Hole Ray Donovan Scandal Scare PewDiePie Scorpion Scream Queens Seal Team Sharp Objects Steve Austin’s Broken Skull Challenge Storage Wars The Story of God Teen Mom OG After Show Teen Wolf Ten Days in the Valley Three Days to Live Training Day Transparent Unit Zero Untitled ESports Show Unusual Suspects VEEP You Get Me You’re the Worst

SANTA CLARITA VALLEY BUSINESS JOURNAL 21

SEPTEMBER 2017

Movies filmed on location in Santa Clarita

Web Series & New Media Filmed on Location in Santa Clarita The 5th Quarter 24:Legacy – The Raid The Commute Cyberobics Do You Want to See a Dead Body?

F’d Foursome Hacking High School I Love Bekka and Lucy The Incredible Life of Derrell Rhett & Link's Buddy System

Magic Camp

The 15:17 to Paris A Crooked Somebody A Doggone Hollywood A Doggone Mystery A Star is Born A Wrinkle in Time All Star Weekend August Creek Brampton’s Own Breathe Bright

Fighting with My Family Fan Girl Fatal Defense Friend Zone Girl Followed Girl Who Cired Wolf God Bless the Broken Road Halloween Hell House Her Forgotten Daughter Hickock

Magic Camp Michael Bolton's Big Sexy Valentine’s Day Special Miles Nostalgia #REALITYHIGH Roman Israel, Esq. Saint Judy Spare Room #SquadGoals Suburbicon Tour de Pharmacy

Shooter

Music Videos filmed on location in Santa Clarita Ultimate Beastmaster

The Bride Cupid’s Proxy The Darkness Within Deadly Devotion Deadly Exchange El Camino Christmas

The Hunted Indivisible Ingrid Goes West Insidious: Chapter 4 Jumanji: Welcome to the Jungle The Lovers

Two Faced Villa Capri Wrong Crush Wrong Neighbor Wrong Student The Yellow Birds

BUSINESS LAW REAL ESTATE CORPORATE, LLC FORMATION CIVIL LITIGATION BUILDING & CONTRACTOR REPRESENTATION EMPLOYMENT LAW CONTRACT NEGOTIATION AND DRAFTING COMMERCIAL LAW INSURANCE COVERAGE ISSUES

Lady Gaga “John Wayne” Metallica “Confusion” Nathan Sykes “Famous” Seether “Let You Down” She & Him “Christmas Memory” Snoop Dogg “Revolution” Tyler Cole “Blow Up Your TV” Winner “Fool"

Source: Santa Clarita Film Office. Lists reflect activity since August 2016.

SCV'S BuSineSS & Real eState law FiRm

Aminé “Red Mercedes” 311 “Too Much to Think” Belly “Re Up” David Hallyday “As Before” Katy Perry “Chained to the Rhythm” K-Flay “Blood in the Cut” The Kills “360”

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22

SANTA CLARITA VALLEY BUSINESS JOURNAL

THE LIST

SEPTEMBER 2017

Movie Ranches & Sound Stages in Santa Clarita

Name

Address

Phone

Website

Contact

Acres/# of Stages

Avenue Scott Stages

27420 Ave. Scott Santa Clarita, CA 91355

(213) 534-3456

www.hollywoodlocations.com

Pete Brosnan Hollywood Locations

2 stages for a total of 78,000 sq ft

Blue Cloud Movie Ranch

20000 Blue Cloud Rd. Santa Clarita, CA 91350

(661) 510-6873

www.bluecloud.com

Frank Gardner

250 acres Movie Ranch Overlay Zone Property

Diamond V Ranch

28100 Haskell Canyon Rd Santa Clarita, CA 91322

(661) 212-8047

www.veluzat.com

Marcel Veluzat

50 acres Movie Ranch Overlay Zone Property

Golden Oak Ranch

19802 Placerita Canyon Rd. Newhall, CA 91321

(661) 259-8717

www.goldenoakranch.com

Steve Sligh

890 acres 12 proposed stages for a total of 240,000 sq ft

Industry Studios

28757 Industry Dr. Valencia, CA 91355

(661) 702-9610

www.industrystudios.la

Karen Bryden SCV Locations

nearly 9,000 sq ft of stage space

Lifton Institute for Media Arts & Sciences (LIMS)

27567 Fantastic Ln. Castaic, CA 91384

(844) 433-5467

www.limsla.com

Jimmy Lifton

6 stages for a total of 45,620 sq ft

Melody Ranch Motion Picture Studio

24715 Oak Creek Ave. Santa Clarita, CA 91321

(661) 259-9669

www.melodyranchstudio.com

Candy Veluzat

21 acres, 3 stages for a total 41,200 sq ft Placerita Cyn. Special Standards District Overlay Zone Property

Polsa Rosa Ranch

5726 Soledad Canyon Rd. Acton, CA 93510

(805) 368-9029

www.polsarosaranch.com

Margie Vodraska

730 acres

Rancho Deluxe

16030 Placerita Canyon Rd. Santa Clarita, CA 91387

(661) 733-5739

www.aranchodeluxe.com

Steve Arklin, Jr.

200 acres Movie Ranch Overlay Zone Property

Rustic Oaks Ranch

23708 La Salle Canyon Rd. Santa Clarita, CA 91321

(661) 510-0712

www.rusticoaksranch.com

Mike Stuart

42 Acres

Sable Ranch/Rancho Maria

25933 Sand Canyon Rd. Santa Clarita, CA 91387

(661) 252-9751

www.movielocationrental.com

Derek Hunt

400 acres Movie Ranch Overlay Zone Properties

Sanna Ranch

10002 Soledad Canyon Rd. Agua Dulce, CA 91390

(661) 268-1719

John Sanna

64 Acres

Santa Clarita Studios

25135 Anza Dr. Santa Clarita, CA 91355

(661) 294-2000

www.santaclaritastudios.com

Mike DeLorenzo

17 stages with more than 400,000 sq ft

SOS Filmworks/Agua Dulce Movie Ranch, Inc.

34855 Petersen Rd. Agua Dulce, CA 91390

(661) 251-2365

www.sosfilmworks.com

William Fix

348 acres

Valencia Studios

26030 Avenue Hall Santa Clarita, CA 91355

(661) 702-9102

www.valenciastudios.com

Susie Burr

6 stages for a total of 73,500 sq ft

Veluzat Motion Picture Ranch

21800 Haskell Canyon Rd. Santa Clarita, CA 91350

(661) 810-9898

www.melodyranchstudio.com

Daniel Veluzat

750 acres Movie Ranch Overlay Zone Property

SANTA CLARITA VALLEY BUSINESS JOURNAL 23

SEPTEMBER 2017

Appointments

Cauleen Smith

Budd Malchus Appointed: Area Sales Manager for Southern California–North County, First California Mortgage Company, Valencia

Appointed: School of Arts faculty, California Institute of the Arts, Valencia Formerly: Experimental filmmaker, interdisciplinary artist, Chicago

Ralph Peschek

Terry Bevirt

Appointed: Chief Financial Officer, William S. Hart Union High School District, Santa Clarita Formerly: Director, Food Services Dept., Pasadena Unified School District

Appointed: Vice President of Clinical Affairs, SetPoint Medical, Valencia Formerly: Senior Director, Head of Clinical Operations, Armagen, Calabasas

John Muraki

Appointed: Director of Classified Personnel, William S. Hart Union High School District, Santa Clarita Formerly: Personnel director, Bassett Unified School District, La Puente

Martine Syms Appointed: School of Arts faculty, California Institute of the Arts, Valencia Formerly: Artist, conceptual entrepreneur, Los Angeles

Submit Hirings, Appointments and Promotions to pmullen@signalscv.com with “SCVBJ Appointments” in the Subject line.

REALITY

EARNINGS

Continued from page 14

Continued from page 10

By union contracts, production costs are lower in the thirty-mile zone, also known as the studio zone, in part because producers don’t have to pay travel allowances to production crews.

It was originally defined as a circle centered on the intersection of West Beverly Boulevard and North La Cienega Boulevard, then the site of the offices of the Alliance of Motion Picture and Television Producers.

Expanded boundaries The zone’s boundaries, expanded from six to 30 miles in 1970, have since been tweaked. Agua Dulce and Castaic were among locations added in 2010.

“Steve Austin’s Broken Skull Challenge” is in its fifth season, which will include ten episodes on CMT, formerly Country Music Television, a unit of Viacom. The basic cable channel now broadcasts a mix of original reality programs and scripted series, off-network syndicated shows, and movies.

The show pits groups of eight contestants, either all men or all women, in a series of physical challenges. Contestants have athletic backgrounds, including

will take time to complete, and their impact is not reflected in our latest results. Despite these internal issues, our customers continue to recognize Wesco’s value proposition, renewing long-term contracts and awarding new business.”

CrossFit, Spartan Racers, Tough Mudder, mixed martial arts, and pro wrestling. The winner faces an obstacle course called the Skullbuster.

The first contestant in the series to successfully complete all elements of the Skullbuster wins $10,000, is declared champion, and sets the time to beat for subsequent contestants. Season five will debut Tuesday, Sept. 26.

“I’ve got kind of a love affair with Santa Clarita,” Cariati said. “I’ve always gravitated toward outsidethe-box productions and big-swing shows, and they tend to require big open spaces to pull off. The Santa Clarita Valley provides that.” 

Mission Valley Bank

Mission Valley Bancorp reported net income of $2.2 million for the first half of 2017, which the company said is its strongest-ever midyear results.

“I am pleased to share that Mission Valley Bancorp has once again achieved a record high for the first half of the year, reaching net income of $2,213,000, a 38.05 percent increase over the $1,603,000 reported at June 30, 2016,” president & CEO Tamara Gurney said in a statement on July 28. “Our continued steady earnings reflect our ongoing dedication to maintaining our course of controlled growth and profitability.”

The Sun Valley-based bank holding company reported solid results across all business units, Gurney said, resulting in an increase in earnings per share to $0.67 as of June 30, 2017, up 40.0 percent from the $0.48 reported at June 30, 2016.

“Mission Valley is a relationship driven, community based business bank,” Gurney said. “We have built an extraordinary team and culture, dedicated to

ensuring that we do what is right for our clients, our shareholders and the communities we serve. The combination of a sound, diversified balance sheet, solid capital base, and strong team, steer our course of steady and controlled growth throughout 2017 and beyond.” 

24

SANTA CLARITA VALLEY BUSINESS JOURNAL

SEPTEMBER 2017

SCV BUSINESS VOICES

How We Perform Is Everything

By Cheri Flemming

Valenica Acura “Precision Crafted Performance is the future of this brand but it's not a destination,” said Jon Ikeda, vice president and general manager, Acura Division, during a recent stop in Santa Clarita. “It's a mindset and a commitment to doing new and challenging things based on our own unique ideas for our customers.”

It was one year ago that Ikeda and his team began a journey to reshape Acura. The goal was simple: To return the Acura brand to its roots by embracing the values of performance, precision, and craftsmanship, while adding a touch of youthful rebellion. Acura’s commitment to providing clients with high-performance vehicles offering a one-of-a-kind driving experience has arrived.

Acura’s best-selling vehicle, the

seven-passenger, third-row MDX, is available in both hybrid and traditional models. Beyond its impressive performance-driven technical specifications, Acura’s MDX has been recognized for its safety and desirability. After analyzing a combination of market factors, Edmunds.com determined the 2017 Acura MDX earned the top spot in the luxury midsize SUV segment naming it as the “Most Wanted Luxury Midsize SUV” for 2017.

The 2017 Acura MDX also earned Top Safety Pick+, the highest designation from the Insurance Institute for Highway Safety (IIHS), for its fourth consecutive year. Annually the IIHS tests and evaluates two aspects of safety: crashworthiness (how well a vehicle protects its occupants in a crash), and crash avoidance and mitigation (technology that can prevent a crash or lessen its severity).

Made in Marysville, Ohio, and now on the showroom floor, the 2018 TLX has been restyled as a luxury performance sedan. Its range of thrilling performance and luxury features heighten the driving experience every time you take the wheel. Available in exciting and vibrant colors, such as San Marino Red and Still Night Blue Pearl, it’s turning heads on the road.

Completing the Acura line up is the compact sport sedan ILX, luxury flagship sedan RLX, luxury crossover SUV RDX, and the next-generation supercar NSX. To celebrate Acura’s evolution, the “Summer of Performance” sales event is happening now offering great leases and pricing on our core line up. Sale ends Sept. 5, 2017, so hurry in for the best selection.

Stay up-to-speed with the Acura performance lifestyle. Follow Valencia

Acura across social networks – Facebook, Instagram, and Twitter – to get perspective on Acura’s latest endeavors and innovations. I invite you to stop

by Valencia Acura and test drive the new Acura line up and see why we’re so excited to be part of Acura’s culture of performance.

Celebrating 20 years serving the community, Valencia Acura is a local, family-owned and operated car dealership located at 23955 Creekside Road in Valencia. Valencia Acura has been recognized as a prestigious Acura Precision Team Dealership for 11 years, awarded Acura’s Council of Excellence for 13 years, and voted Santa Clarita’s Best New Car Dealership for 13 years by the Signal newspaper. Owners Don and Cheri Fleming can be reached at (661) 255-3000.

Visit www.ValenciaAcura.com.

SCV BUSINESS VOICES

Apprenticeships gain momentum through Strong Workforce Apprenticeship Group (SWAG)

By Holly Schroeder

President & CEO, SCVEDC ne of the consistent messages Santa Clarita Valley Economic Development Corporation (SCVEDC) hears from local industry is the challenge in finding qualified, skilled workers. This isn’t surprising considering that the Santa Clarita Valley boasts one of the lowest unemployment rates in the region, at 4.1%, and the region and the country are essentially operating at full employment.

But we also know from the employment data that there are still some eligible workers who have yet to re-enter the workforce. Many of these individuals lack the skills that our companies need today.

Fortunately, a larger trend is afoot: apprenticeships. This trend brings together economic development, education, workforce development and government entities in an effort to build a skilled workforce. SCVEDC is partnering with institutions like College of the

O

Canyons and support organizations like Goodwill Industries to create the foundation for this trend in our valley.

Apprenticeships have been around for centuries. But in recent decades, they have largely focused on a narrow slice of jobs, many in the construction industry. However, with the passing of bi-partisan federal legislation called The Workforce Innovation and Opportunity Act of 2014, apprenticeships are now being established in nontraditional fields. For a time, this trend was America’s best-kept secret, but no longer.

Last month saw the formation of the Strong Workforce Apprenticeship Group – SWAG. SWAG is a partnership between College of the Canyons, Goodwill Industries and the LA County Department of Workforce Development, Aging and Community Services (home of the Workforce Development Board.) SWAG gets its name from the Strong Workforce initiative, which is a part of the state program called Doing

What Matters for Jobs and the Economy that invests more than $200 million annually into career education among California’s community colleges.

At the signing ceremony that authorized COC and SWAG to administer apprenticeships in an initial set of 10 occupations, local company owner Melissa Ramirez of AirBolt Industries described the apprenticeship program as an opportunity for the company to “invest in the future of our employees, and for them to invest in their careers.”

Other SCV companies participating in the apprenticeship program include Del West, FMI Aerostructures, Meschkat Machining, and Fralock.

SWAG’s mission is to drive the expansion of apprenticeships in the state of California and throughout the country by partnership with industry, education, workforce development and government; to support companies in developing a pipeline of talent through meaningful work experiences; to work with education to provide instruction

that aligns with the needs of employers; to offer strategic support and guidance to the workforce development community to aid in the integration of apprenticeships into their workforce agenda; to create guided pathways to gainful employment for all citizens, which will lead to long-term economic growth and prosperity.

Apprenticeships are finally getting the recognition they deserve, and SWAG is leading the way. For more information, contact Jeffrey.Forrest@ canyons.edu.

The Santa Clarita Valley Economic Development Corporation (SCVEDC) is a unique private / public partnership representing the united effort of regional industry and government leaders. The SCVEDC utilizes an integrated approach to attracting, retaining, and expanding a diversity of businesses in the Santa Clarita Valley, especially those in key industry clusters, by offering competitive business services and other resources.

SCV BUSINESS VOICES

Is Your Business Banker a Trusted Advisor?

By Marianne Cederlind

Executive Vice President and Chief Business Banking Officer, Mission Valley Bank Trust can be an overused word in the business world but a necessary concept. Through what seems like an endless stream of advertising messages, we are asked to trust products and brands. Politicians ask for our vote of confidence at the polling place. And financial institutions expect a leap of faith when safeguarding our money.

It can be both emotional and logical. Emotionally, vulnerabilities are exposed with the belief people will not take advantage of that openness.

Logically, we assess the probabilities of gain and loss, calculate expected utility based on hard performance data, and conclude that the person or entity in question will behave in a predictable manner. In practice, trust is often what matters most. It is the fabric that binds employees to employers, customers to companies, and companies to their

suppliers and partners.

When it comes to choosing a banking partner, today’s business owners and managers are looking for a relationship that provides them with expertise in their specific area and a bank that is willing to work with them as a Trusted Advisor to help achieve greater success. Woven into that relationship, businesses seek a bank that demonstrates a techno-savvy, clientfocused, community-minded, and relationship-driven approach.

Any street corner bank – big or small – can handle the transactional side of banking. There are also non-traditional financial service providers entering the banking space and offering traditional banking products. These alternative financial service providers compete on price, and while low-cost providers and special one-off promotions may seem appealing at first, there is truly no long-term value generated for the client business.

Rather, it takes a team of Trusted Advisors who understand a client’s

business to develop programs to meet their exact needs. It is that aspect that gives community banks a distinct advantage over larger institutional banks.

When looking to enter a banking relationship, businesses should seek out banks that have shifted from the traditional product focus to a more client-centric strategy, which tends to be more relevant and engaging while delivering solutions. In return, banks should be willing to cultivate an even deeper knowledge and understanding of their customers so they can tailor offers and services based on a customer’s account activity, needs and preferences.

When selecting a bank, a simple truth to remember is that banks cannot be all things to all people. By the same token, not all banks are created equal nor do they focus on the same core competencies. Businesses need to be sure their bank is a good fit for what is needed to grow and operate their business. Another consideration is the overall client experience.

Lastly, to achieve trust, banks must demonstrate their dedication to a broader purpose. They need to prove they are not just driven by quick profits, but also by shared values. There is tremendous value in working with a client-focused, relationship-driven banker that will invest the time necessary to truly get to know a business and understand its unique needs. The path to long-term success is for businesses to develop long-term relationships with bankers who demonstrate expertise, experience and dedication to their success.

Mission Valley Bank is a locally-owned, full service, independent community business bank headquartered in Sun Valley, California with a business banking office in Santa Clarita. Marianne Cederlind was named “Most Trusted Advisor -- Business Banker” in 2012 and can be reached at (818) 394-2300. For more information visit www.MissionValleyBank. com.

SANTA CLARITA VALLEY BUSINESS JOURNAL 25

SEPTEMBER 2017

Valley Industry Association 28005 N Smyth Drive | Suite 134 | Valencia, CA 91355 | (661) 294-8088 | www.via.org | Content provided by VIA

VIA Pays Tribute to the Hollywood Canteen T

he Valley Industry Association will host the VIA BASH on Friday, October 27, 2017 at the Hyatt Regency Valencia. Known for its themed galas and top entertainment, VIA delivers one of the community’s most sought-after events.

The theme this year is Hollywood Canteen – a return to a time when “the greatest generation danced with the most beautiful girls in the world.”

It was a club located on Cahuenga Blvd. in the heart of Hollywood that offered food, dancing and entertainment for servicemen during WWII. What made the canteen spectacular were the hundreds of stars who volunteered their services at the canteen -- everything from serving snacks to dancing as partners on the floor. Celebrities such as Bette Davis, Joan Crawford, Spencer Tracy, Marlene Dietrich, Rita Hayworth, Cary Grant, Mickey Rooney, John Garfield, Dinah Shore, Jess Parker, Red Skelton, Cary Grant, and so many more volunteered their time at the Hollywood Canteen.

In addition to the evening’s gala, individuals are invited to help

S

SPEAKER SERIES Luncheons begin at 11:45 a.m. at the Valencia Country Club, 27330 North Tourney Road in Valencia unless otherwise noted.

Business professionals interested in attending should plan to reserve their seat well in advance.

Reservations and payment can be made at www.VIA.org/Calendar or by contacting the VIA office at (661) 294-8088.

Tuesday, September 19, 2017 Captain Robert Lewis, LA County Sheriff's Department

VIA BOARD OF DIRECTORS

support the VIA Education Foundation’s privately-funded Connecting to Success program offering important workplace readiness skills to high school students. This signature program now trains more than 2,500 high school juniors annually from all area high schools.

Gold star sponsorships are available for purchase starting at $25 each, which helps send students to the program. In Hollywood Canteen

fashion, donors will be recognized at the VIA BASH as one-star ($25 donation) up to five-star Generals ($125 donation or more).

Sponsorships, table sales, advertising opportunities and individual tickets are available for the VIA BASH by contacting Kathy Norris in the VIA office at 661-294-8088, kathy@via. org or visit www.VIAbash.com

VIA Sales Academy: The Art and Science of Successful Sales elling is a process, and having the right tools to succeed and grow business is key. At the VIA Sales Academy, participants are taught how to use questions to understand what clients and customers need and want. Then, how to present only the information they need to help their client or customer make a buying decision. The eight week, 90-minute program begins Sept. 15, 2017 and seating is limited.

Topic areas include: creating a

VIA Luncheon Planning Calendar 2017

value-based presentation, turning objectives into opportunities, negotiating win-win outcomes, increasing revenue by managing and organizing time, dealing with difficult buyers and understanding behavioral styles, understanding the digital side of sales in today’s market, and selling with social media.

Each course segment will be taught by sales professionals representing a diversity of fields. Terry Mayfield, vice president of sales with Lands-

berg and a Toastmasters accredited speaker, spearheads the academy. He has presented more than 1,400 seminars and keynotes on Sales, Leadership, and Personal Success.

“Our goal is to eliminate terrible salespeople and develop more salespeople who help versus sell,” said Mayfield. For more information on the VIA Sales Academy, contact Kathy Norris at the VIA office 661.294.8088 or admin@via.org.

Ed Masterson Chairman of the Board SOS Entertainment Diana Meyer Vice Chair, Education Logix Federal Credit Union Tim Burkhart Vice Chair, Programs Six Flags Magic Mountain Jill Mellady Vice Chair, Marketing Mellady Direct Hillary Broadwater Vice Chair, Events QM Design Group Chris Schrage Corporate Secretary LBW Insurance Sam Hicks Treasurer Stern, Kory, Sreden & Morgan Byron Alvarado The Strategy Group Jerry Buckley College of the Canyons J.C. Burnett Courier-Messenger, Inc. Denise Covert City of Santa Clarita Roger Doumanian Harvest Seminars Michael Little Poole & Shaffery, LLP Terry Mayfield Landsberg Myles McNamara Comfort Keepers Gloria Mercado-Fortine Global Education Solutions Jonathan Miller Henry Mayo Newhall Memorial Hospital Henry Rodriguez Henry Rodriguez State Farm Gary Sproule The Signal Teresa Todd Point of View Communications Kathy Norris CEO/President Valley Industry Association

26

SANTA CLARITA VALLEY BUSINESS JOURNAL

SEPTEMBER 2017

Economic Development Corporation Santa Clarita Valley

Content provided by

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

SCV Voices

The County of Los Angeles wants to see businesses grow and prosper. Bringing more business to the Santa Clarita Valley brings more jobs and that makes for a healthy economy for the Valley. The Santa Clarita Valley is a unique place to do business because there is a

supportive City and County government structure, an encouraging community and elected representatives like Supervisor Kathryn Barger that will do what it takes to maintain the business friendly environment we have today.

Rosalind Wayman

Field Representative Supervisor Kathryn Barger, 5th District From the City’s incorporation, our founders focused on being a business friendly community. That frame of mind remains and is evident today in the resources available to businesses in the Santa Clarita Valley. We are proud to have been consistently named as a Business Friendly City by the Los Angeles Economic Development Corporation, we have several business organizations committed to helping local companies succeed, and the City has a robust Economic Development Division that helps walk new businesses through the process

of setting up shop. In addition, The Santa Clarita Business Incubator stimulates economic growth through entrepreneurship and enterprise development. This program provides participating startup creative and technology businesses low-cost office space, meeting rooms, customized trainings, a mentorship and networking program, and oneon-one consulting services in Santa Clarita’s premier Arts and Entertainment District in Old Town Newhall.

Ken Striplin

City Manager City of Santa Clarita The SCV is located just 35 minutes from Los Angeles. Its uniquely proximity to downtown LA makes it an ideal community to operate a business so close to a thriving multicultural melting pot. Couple this with a phenomenal educational system, low crime and great weather, it’s no wonder many individuals and couples are relocating to the SCV to start and/or raise their families.

Working with an organization such as the SCVEDC to help shape the city’s future is a very important element in my determination to

raise my family and continue to reside here after they have all flown the coup. Being part of a group of individuals who are embracing the future, embracing new technology and addressing the tough issues now so our next generation of leaders can continue to grow and prosper, is very important to me. Working alongside individuals who are trailblazing a new community concept, Net Zero, the first in the world, is very important and allows me to say I am proud to be a part of this great city and likeminded individuals, all of whom I can call my friends.

Jay Shutz Owner McDonalds

SCVEDC visits Hong Kong to promote international investment in SCV

A

s part of its ongoing effort to promote international investment into the Santa Clarita Valley (SCV), and to facilitate export opportunities for SCV companies, SCVEDC President & CEO Holly Schroeder recently traveled to Hong Kong. This was SCVEDC’s first return to Hong Kong since 2014 when it joined then-Supervisor Michael D. Antonovich for a Chinese trade mission.

Increased global connectedness means not only increased trade in goods and services, but also increased foreign direct investment (FDI), which can take many forms, such as the direct purchase of an existing firm, investment into a joint venture, direct investment into a new venture or construction and outfitting of a facility.

This visit is a part of SCVEDC’s efforts to attract FDI, including company expansions, into the SCV.

During the trip, SCVEDC made presentations to the American Chamber of Commerce – Hong Kong, the US Department of Commerce Commercial Services Division of the American Consulate, the Hong Kong Trade Development Council, and a private Chinese investment company. SCVEDC presented the Santa Clarita Valley as the growth opportunity and business-friendly region of Los Angeles County.

Additionally, SCVEDC participated in the Select LA conference hosted by the World Trade Center-Los Angeles last month, which was instrumental in organizing meetings in Hong Kong.

SCVEDC and the Hong Kong Trade Development Council intend to hold a workshop for Santa Clarita Valley companies who want to expand export opportunities in Asia. For more information visit our website, www.SCVEDC.org

Econo Watch Santa Clarita Valley

Q2 ’17

Q1 ’17

Q2 ’17 Sq Ft

Commercial Vacancy Rates Office Space

10.60%

10.40%

711,385

Industrial Space

2.90%

2.80%

1,651,661

Retail Space

5.00%

4.70%

849,101

Total Marked Sq. Ft. Vacancy Percentage Office Space - as a % of Vacancy

22.15%

31.89%

N/A

Industrial Space - as a % of Vacancy

51.42%

29.25%

N/A

Retail Space - as a % of Vacancy

26.43%

38.86%

N/A

Jun‘17

May ‘17

Jun ’16

Commercial/Industrial Building Permits

7

5

4

Residential Building Permits

9

9

15

Building Permits

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

Jul ‘17 16.01 1.3 8.12 36.9 66.78 14 56.87 69.94 52.44

Jun ’17 16 1.41 8.55 36.15 65.57 13.85 59.61 67.58 53.32

% Change 0.06% -7.80% -5.03% 2.07% 1.85% 1.08% -4.60% -3.49% 1.65%

Unemployment Rates Santa Clarita Palmdale Lancaster Glendale LA County California

Jun ‘17 May ‘17 % Change 4.1% 3.7% -10.81% 6.1% 5.5% -10.91% 5.1% 4.5% -13.33% 4.4% 3.9% -12.82% 4.5% 4.0% -12.50% 4.7% 4.7% -0.00% Source: Santa Clarita Valley Economic Development Corporation

SEPTEMBER 2017

SANTA CLARITA VALLEY BUSINESS JOURNAL 27

SCV Chamber of Commerce 23920 Valencia Blvd | Suite 265 | Valencia, CA 91355 | (661) 702-6977 | www.scvchamber.com | Content provided by the SCV Chamber

SCV Chamber Welcomes New Members

28

SANTA CLARITA VALLEY BUSINESS JOURNAL

SEPTEMBER 2017

REAL ESTATE SECTION - Residential Housing Stats - Santa Clarita Valley

Jul '17

Jun '17

Jul '16

Jul '17

Jun '17

Jul '16

SCV Median Home Value

584,600 586,000 560,000

SCV Condo Sales

132

119

94

SCV Median Condo Value

358,000 370,000 331,000

SCV Avg. # of Days on Market (SF)

38

65

67

SCV Single Family Home Inventory 399

552

612

SCV Home Sales

222

307

234

Source: Santa Clarita Valley Economic Development Corporation

July Sales Acton 07/2017 07/2016 New Listings. . . . . . . . . . . . . . . 10 . . . . . . . . . . . . . . . . . . . . . . . . . 17 Total Active Listings . . . . . . . . . 34 . . . . . . . . . . . . . . . . . . . . . . . . 52 New Escrows Closed. . . . . . . . . 10 . . . . . . . . . . . . . . . . . . . . . . . . 14 Median Sale Price. . . . . . $603,000 . . . . . . . . . . . . . . . . . . . $560,000

Newhall 06/2017 06/2016 New Listings. . . . . . . . . . . . . . . 37 . . . . . . . . . . . . . . . . . . . . . . . . 37 Total Active Listings . . . . . . . . . 53 . . . . . . . . . . . . . . . . . . . . . . . . 52 New Escrows Closed. . . . . . . . . 34 . . . . . . . . . . . . . . . . . . . . . . . . 31 Median Sale Price. . . . . . $330,000 . . . . . . . . . . . . . . . . . . . $359,000

Agua Dulce New Listings. . . . . . . . . . . . . . . . 9 Total Active Listings . . . . . . . . . 22 New Escrows Closed. . . . . . . . . . .4 Median Sale Price. . . . . . $650,000

. . . . . . . . . . . . . . . . . . . . . . . . . 6 . . . . . . . . . . . . . . . . . . . . . . . . . 2 5 . . . . . . . . . . . . . . . . . . . . . . . . . 5 . . . . . . . . . . . . . . . . . . . $706,600

Saugus New Listings. . . . . . . . . . . . . . . 89 Total Active Listings . . . . . . . . 101 New Escrows Closed. . . . . . . . . .75 Median Sale Price. . . . . . $545,000

. . . . . . . . . . . . . . . . . . . . . . . . 96 . . . . . . . . . . . . . . . . . . . . . . . 117 . . . . . . . . . . . . . . . . . . . . . . . . 69 . . . . . . . . . . . . . . . . . . . $490,000

Canyon Country New Listings. . . . . . . . . . . . . . . 94 Total Active Listings . . . . . . . . 113 New Escrows Closed. . . . . . . . . 73 Median Sale Price. . . . . . $465,000

. . . . . . . . . . . . . . . . . . . . . . . . . 7 2 . . . . . . . . . . . . . . . . . . . . . . . . 122 . . . . . . . . . . . . . . . . . . . . . . . . 68 . . . . . . . . . . . . . . . . . . $475,000

Stevenson Ranch New Listings. . . . . . . . . . . . . . . 18 Total Active Listings . . . . . . . . . 36 New Escrows Closed. . . . . . . . . 20 Median Sale Price. . . . . . $700,000

. . . . . . . . . . . . . . . . . . . . . . . . 27 . . . . . . . . . . . . . . . . . . . . . . . . 33 . . . . . . . . . . . . . . . . . . . . . . . . 18 . . . . . . . . . . . . . . . . . . . $610,000

Castaic New Listings. . . . . . . . . . . . . . . 31 Total Active Listings . . . . . . . . . 42 New Escrows Closed. . . . . . . . . 30 Median Sale Price. . . . . . $550,000

. . . . . . . . . . . . . . . . . . . . . . . . . 32 . . . . . . . . . . . . . . . . . . . . . . . . 46 . . . . . . . . . . . . . . . . . . . . . . . . 29 . . . . . . . . . . . . . . . . . . . $500,000

Valencia New Listings. . . . . . . . . . . . . . 108 Total Active Listings . . . . . . . . 119 New Escrows Closed. . . . . . . . 108 Median Sale Price. . . . . . $550,000

. . . . . . . . . . . . . . . . . . . . . . . 124 . . . . . . . . . . . . . . . . . . . . . . . 179 . . . . . . . . . . . . . . . . . . . . . . . .94 . . . . . . . . . . . . . . . . . . $549,000

REAL ESTATE SECTION – Commercial, Industrial, Retail & Land Retail Buildings 23154 Valencia Boulevard

Sq. Ft. 10,300

Sale/Lease Lease

Price $1.25 SF/MO/NNN

Valencia Mart 25830-25848 McBean Parkway 3,000-2800 Lease

$2.50 - $3.00 SF/MO/NNN

Granary Square 21515 Soledad Canyon Road 4,895-4,920 Lease

$1.25-$1.65 SF/MO/NNN

Golden Oak Plaza 26477-26557 Golden Valley Road 922, 1,022, 1,239 Lease

$2.00 SF/MO/NNN

Centre Pointe Marketplace 25739 Wayne Mills Place 2,434 Lease

$3.00 SF/MO/NNN

The Shops at Tourney 23323 - 23453 Lyons Avenue 2,575, 2,280 Lease

$1.50 - $3.25 SF/MO/NNN

Old Orchard Shopping Center 19915 - 19931 Golden Valley Road 1,500-3,881 Lease $2.00 SF/MO/NNN Patti Kutschko (Daum Commercial) 661-670-2003 23542 - 23546 Lyons Avenue 731 - 1,409 Lease $1.72 SF/MO/NNN 23452 - 23560 Lyons Avenue 450 - 4,000 Lease $1.10 SF/MO/NNN Matt Sreden (NAI Capital) 818-742-1660, Cameron Gray (NAI Capital) 661-705-3569 27510 The Old Road 11,057 Lease $2.00 SF/MO/NNN Yair Haimoff (NAI Capital) 818-203-5429, Randy Cude (NAI Capital) 661-705-3553, Steve Body (NAI Capital) 818-852-9255 24254 Main Street 500 – 6,000 Lease $2.00 SF/MO/MG 24269 Main Street 1,140 Lease $2.00 SF/MO/NNN Lease $2.25 - $3.00 SF/MO/MNN 22520 Lyons Ave; Laemmle Theatre Project 1,000 - 2,200 Old Town Newhall Properties 23120 – 23130 Lyons Avenue 1,225 Lease Suite #3/4 Suite # 8/9 1,800 Lease 900 Lease Suite #13 Suite # 14 3,250 Lease 1,675 Lease Suite # 15 Suite # 16 900 Lease 900 Lease Suite # 17

$1.60 SF/MO/NNN $1.50 SF/MO/NNN $1.50 SF/MO/NNN $1.25 SF/MO/NNN $1.50 SF/MO/NNN $1.50 SF/MO/NNN $1.50 SF/MO/NNN

Retail Buildings cont.

Sq. Ft.

Sale/Lease

Price

Wayman Court 26867 Sierra Highway 1,170 Lease 26869 Sierra Highway 1,095 Lease 26975 Sierra Highway 1,350 Lease

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

Riverview Plaza 25269 The Old Road Suite # B 2,330 Lease Suite # F 1,300 Lease Suite # J 1,300 Lease Suite # L 1,300 Lease Suite # M 1,300 Lease

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

Sunset Pointe Plaza Shopping Center 24003 Newhall Ranch Road 1,500 - 3,053 Lease

$3.35 SF/MO/NNN

Bridgeport Village 25810 Hemingway Avenue 1,540 Lease 25860 Hemingway Avenue 2,330 Lease 25836 Hemingway Avenue 1,110 Lease 1,110 Lease 25840 Hemingway Avenue

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

Stevenson Ranch Plaza 23740 Lyons Avenue L ease 2,000 - 9,000 Lyons Plaza 29502 Hasley Canyon Road 1,688 Lease Hasley Marketplace Tim Crissman (RE/Max Crissman Commercial Services) 661-295-9300 27737 Bouquet Canyon Road Suite #115 1,041 Lease Suite # 118 1,747 Lease Suite # 126 850 Lease Suite # 132 2,191 Lase 7,200 Lease 24048 Newhall Avenue Yair Haimoff (NAI Commercial) 818-203-5429

$2.00 -$2.50 SF/MO/NNN $1.50 SF/MO/NNN

Negotiable Negotiable Negotiable Negotiable $283.00 SF; $2.1M - Ex - Land

SANTA CLARITA VALLEY BUSINESS JOURNAL 29

SEPTEMBER 2017

REAL ESTATE SECTION – Commercial, Industrial, Retail & Land (cont.)

Retail Buildings cont.

Sq. Ft.

Sale/Lease

Knoll Shopping Center 24250 Lyons Avenue 918- 1200 Lease



31675 Castaic Road.

Retail Buildings cont.

28207- 28313 Newhall Ranch Rd.

Sq. Ft. 1,275 - 11,090

Sale/Lease Lease

Price

$1.95 - $2.75 SF/MO/NNN

Gateway Village 28130 - 28136 Newhall Ranch Rd. 1,825 - 3,650 Lease

$2.75 SF/M0/NNN

Highridge Crossing 27923 – 27959 Seco Canyon Rd. 1,600 Lease

$2.50 SF/M0/NNN

Seco Canyon Village 27015 McBean Parkway 1,100 Lease

$4.00 SF/MO/NNN

The Promenade @ Town Center SEC Newhall Ranch Rd. & Rye Canyon Rd. 1,500 - 6,000 Lease

$2.50 - $3.25 SF/MO/NNN

Copper Ranch Plaza 26441 Bouquet Canyon Road 1,692 Lease

$4.00 SF/MO/NNN

Bouquet Shopping Center 22903 - 23023 Soledad Canyon Road 1,205 - 3,172 Lease

$1.75 SF/MO/NNN

Del Rio Center 27544 Newhall Ranch Road 1,450 Lease

$2.50 SF/MO/NNN

Plaza Del Rancho NWC Bouquet Canyon/Madrid Road 1,200 - 20,000 Lease

Negotiable

Plum Canyon Center SWC Copperhil Drive & Rio Norte 1,000 - 10,000 Lease West Creek Village 27916 - 27984 Seco Canyon Road 1,219 - 1,700 L ease Seco Plaza SEC Lyons Avenue & Main Street 1,100 - 10,000 Lease

Negotiable $2.00 - $2.25 SFMO/NNN $2.75 -$3.00 SF/MO/NNN

Newhall Crossings

John Cserkuti (NAI Capital) 661-705-3551 27630 The Old Road 1,700 – 7,000 Lease Negotiable 24300 – 24305 Town Center Drive 997 – 8,565 Lease $2.20 -$3.50 SF/MO/NNN Cody Chiarella (CBRE) 818-502-6730, Doug Marlow (CBRE) 818-502-6707, David Solomon (CBRE) 818-907-4628 24510 Town Center Drive Suite # 102 VTC I 1,006 Lease $3.50 SF/MO/NNN Suite # 110 VTC III 997 Lease $3.50 SF/MO/NNN Suite # 170 VTC III 2,472 Lease $3.00 SF/MO/NNN Suite # 190 VTC III 1,706 Lease $3.00 SF/MO/NNN Valencia Town Center Cody Chiarella (CBRE) 818-502-6730, Richard Ramirez (CBRE) 818-907-4639 24048 Newhall Avenue 7,200 Sale $283.00SF/$2.40M 27516 The Old Road 2,000 - 6,500 Lease Negotiable 20655 Soledad Canyon Road Suite # 5 700 Lease $1.80 SF/MO/NNN Suite # 17 1,360 Lease $1.49 SF/MO/NNN Suite # 20 3,458 Lease $1.25 SF/MO/NNN 1,445 Lease $1.95 SF/MO/NNN Suite # 43 Suite # 24 3,032 Lease $1.65 SF/MO/NNN Suite # 25 1,833 Lease $1.65 SF/MO/NNN Suite # 42 990 Lease $1.95 SF/MO/NNN Soledad Plaza Yair Haimoff (NAI Capital) 818-203-5429 27737 Bouquet Canyon Road 1,084- 2,191 Lease $1.70 SF/MO/NNN Andrew Ghassemi (NAI Capital) 661-705-3039, Randy Cude (NAI Capital) 661-705-3553, Yair Haimoff (NAI Capital) 818-203-5429 18926 - 18932 Soledad Canyon Road 1,080, 1,200, 5,600 Lease $1.75 SF/MO/NNN

Price $2.50 SF/MO/NNN

The Moss Center 26111 Bouquet Canyon Road 998 - 3,000 Lease

$1.35 - $2.50 SF/MO/NNN

Santa Clarita Place 26811 Bouquet Canyon Road 1,000 - 3,000 Lease

$1.75 - $2.00 SF/MO/NNN

Santa Clarita Plaza 26441 Bouquet Canyon Road 1,692 Lease 700 Lease 18560 Via Princessa 19981 Soledad Canyon Road 940 Lease 22921 Soledad Canyon Road 1,205 - 3,172 Lease

$3.75 SF/MO/NNN $4.29 SFMO/NNN $1.50 SF/MO/NNN $1.75 SF/MO/NNN

Seco Canyon Plaza 18740 Soledad Canyon Road 26910 Sierra Highway Suite # D-2 18715 Via Princessa

$2.00 - $2.25 SFMO/NNN $2.50 SF/MO/NNN $3.00 SF/MO/NNN $3.00 SF/MO/NNN

1,200 - 3,000 1,050 1,400 (End Cap) 1,300 (End Cap)

Lease Lease Lease Lease

Del Rio Center 27532 - 27538 Sierra Highway 27737 Bouquet Canyon Road 22600 Lyons Avenue 31675 Castaic Road SWC The Old Road/Live Oak Road

920 - 1,200 582 - 2,191 22,600 1,000 - 4,900 1,200 - 2,000

Santa Clarita Marketplace 27984 Seco Canyon Road

1,219 - 1,700

Lease

$1.75 SF/MO/NNN

Gateway Village 28207 Newhall Ranch Road

1,825 - 3,847

Lease Lease Lease/Sale Lease Lease

2.00 SF/MO/NNN $1.70 SF/MO/NNN $2.75 SF/MO/NNN; $3.0M $2.00 SF/MO/NNN

Lease

$1.95 SF/MO/NNN

Highridge Crossing 28130 Newhall Ranch Road 1,825 - 3,847 Lease

$2.75 SF/MO/NNN

Valencia Village 27530 Newhall Ranch Road

1,200 - 1,750

Lease

$3.00 SF/MO/NNN

Plaza Del Rancho 27544 Newhall Ranch Road

1,450

Lease

$2.75 - $3.00 SF/MO/NNN

Newhall Crossings 1,000 - 10,000 L ease SEC Lyons Avenue & Main Street $2.75 - $3.00 SF/MO/NNN Randy Cude (NAI Capital) 661-705-3553 27125 Sierra Highway 500, 2,000, 7,000 Lease $1.50 SF/MO/MG Blaire Herman (NAI Capital) 661- 705-3550 31703 Castaic Road 3,582 Sale $418.50 SF; $1.5M Ron Berndt (Daum Commercial) 661/670-2000, Patti Kutschko (Daum Commercial) 661-670-2003 23300 Cinema Drive 150 - 1,300 Lease $1.75 SF/MO/NNN Cinema Park Reena Newhall 661-253-3344

Office/Commercial Buildings 27770 N. Entertainment Drive

Sq. Ft. 5,000 - 10,000

Sale/Lease Lease

Price $2.25 SF/MO/FSG

Allen Trowbridge (CRESA) 818-825-4141 Andrew Ghassemi (NAI Capital) 661- 705-3039, Yair Haimoff (NAI Capital) 818-203-5429 28159 Avenue Stanford Suite #200

5,656

Lease

Suite #224

1,334

Lease

$1.85 SF/MO/MG $1.65SF/MO/MG

Suite #226

1,070

Lease

$1.75 SF/MO/MG

Suite #130

4,771

Lease

$1.85 SF/MO/MG

Suite #130A

7,817

Lease

$1.85 SF/MO/MG

Rexford Valencia Industrial Park Richard Ramirez (CBRE) 818- 907-4639, Craig Peters (CBRE) 818- 907-4616 25044 Peachland Avenue

805- 832

Lease

$1.85 SF/MO/NNN

23556 - 23560 Lyons Avenue

280 - 1,320

Lease

$1.65 SF/MO/NNN

23548 - 23560 Lyons Avenue

450 - 2,623

Lease

$1.68 SF/MO/NNN

Matt Sreden (NAI Capital) 818-742-1660, Cameron Gray (NAI Capital) 661-705-3569 25322 Rye Canyon Road

25,200

For Sale

$258 SF; $6.5M

26320 Diamond Place, Suite # 170

2,332

Lease

$1.15 SF/MO/NNN

26320 Diamond Place, Suite # 200

5,562

Lease

Negotiable

26320 Diamond Place, Suite # 180 24932 Kearny 27821 Fremont Court; Suite # 6

2,153

Lease

$1.15 SF/MO/NNN-WH

3280 - 11,935

Lease

Negotiable - Lease Flex

3,045

Sale

$215 SF/$645,675

24961 The Old Road

1,049

Lease

$2.25 SF/MO/MF

Suite # 110

2,300

Lease

$2.50 SF/MO/NNN

Suite #207

1,273

Lease

$2.50 SF/MO/NNN

Sunset Pointe Plaza Tim Crissman (ReMax/Crissman Commercial Services) 661-295-9300 27200 Tourney Road 2,181 - 22,919 Lease

$2.20-$2.55 SF/MO/FSG

Tourney Pointe 23822 Valencia Blvd.

1,197 - 4,104 Lease

$2.35 SF/MO/FSG

Bank of America Tower 27202, 27220 & 27240 Turnberry 1,866 - 29,959 Lease

$2.25 SF/MO/FSG

30

SANTA CLARITA VALLEY BUSINESS JOURNAL

SEPTEMBER 2017

REAL ESTATE SECTION – Commercial, Industrial, Retail & Land (cont.)

Office/Commercial Buildings cont.

Summit at Valencia 25600 Rye Canyon Road

Sq. Ft. 645 - 1,504

Sale/Lease Lease

Executive Center Valencia Kevin Fenenbock (Colliers Int.) 661-253-5204 25060 Avenue Stanford Suite # 245 1,381 Lease 1,940 Lease Suite # 260 2,728 Lease Suite # 285 1,133 Lease Suite # 295 22,186 (divisable) Lease Suite # 100

Price $1.50 SF/MO/MG

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

Southern California Innovation Park Craig Peters (CBRE) 818-907-4616, Doug Sonderegger (CBRE) 818-907-4607 26650 The Old Road Suite # 105

3,060

Suite # 200

2,399

Lease

$2.65 SF/M0/FSG

Suite # 350

1,900

Lease

$2.65 SF/M0/FSG

$2.80 SF/M0/FSG

Westridge Executive Plaza Richard Ramirez (CBRE) 818-907-4639, Craig Peters (CBRE) 818-907-4616 25152 Springfield Court Suite # 120

3,233

Lease

$2.75 RSF/MO/FSG

Suite # 140

3,460

Lease

$2.75 RSF/MO/FSG

Suite # 210

1,187

Lease

$2.75 RSF/MO/FSG

Suite # 240

3,750

Lease

$2.75 RSF/MO/FSG

Suite # 290

5,549

Lease

$2.75 RSF/MO/FSG

Suite # 340

3,180

Lease

$2.75 RSF/MO/FSG

3,496 Lease Suite # 390 25124 Springfield Court Suite # 170 5,984 Lease

$2.75 RSF/MO/FSG $2.75 RSF/MO/FSG

The Commons at Valencia Gateway David Solomon (CBRE) 818-907-4628, Douglas Marlow (CBRE) 818-502-6707 25350 Magic Mountain Parkway Suite # 270

1,755

Lease

$2.85 RSF/MO/FSG

Suite # 350

2,503

Lease

$2.85 RSF/MO/FSG

25360 Magic Mountain Parkway; Suite 280

1,967

Lease

$2.85 RSF/MO/FSG

Gateway Plaza David Solomon (CBRE) 818-907-4628, Matthew Heyn (CBRE) 818-907-4619 24200 Magic Mountain Parkway Suite # 120 (can combine all 3 suites)

4,169

Lease

$2.95 SF/MO/FSG

Suite # 130 (can combine all 3 suites)

1,446

Lease

$2.95 SF/MO/FSG

Suite # 135 (can combine all 3 suites)

1,753

Lease

$2.95 SF/MO/FSG

VTC IV David Solomon (CBRE) 818-907-4628 27201 Tourney Road Suite # 123 Suite # 212; can be combined with 210 and 206 Suite # 210; can be combined with 212 and 206

1,217 2,389 1,528

Lease Lease Lease

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

Suite # 206; can be combined with 210 and 210

1,115

Lease

$2.35 SF/MO/FSG

Valencia Executive Plaza 4,002

SubLease

Negotiable

Pamela Verner (SCV Commercial Real Estate Services) 661-714-5271 24001 Newhall Ranch Road Suite, #260 486 Lease $3.65 SF/MO/FSG Bridgeport Marketplace Craig Peters (CBRE) 818-907-4616, Doug Sonderegger (CBRE) 818-907-4607 25115 Avenue Stanford Suite # A 102 Suite # A 340 Suite # B 230 Suite # B 240

1,273 3,029 2,279 612

Lease Lease Lease Lease

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

Valencia Park Executive Center Richard Ramirez (CBRE) 661-907-4639, Robert Valenziano (CBRE) 818-907-4663 28480 Avenue Stanford 50,351 Lease/Sale $2.85 SF/MO/FSG; TBD 1,230 - 10,840 Lease $2.75 SF/MO/FSG 28470 - 28490 Avenue Stanford Valencia Corporate Plaza Craig Peters (CBRE) 818-907-4616, Richard Ramirez (CBRE) 818-907-4639 28546 Constellation Road Lease Richard Ramirez (CBRE) 818-907-4639, Craig Peters (CBRE) 818-907-4616

$0.90 SF/MO/NNN

27441 Tourney Road, Suite #240

$2755 SF/MO/FSG

1,342

Lease

Sq. Ft.

Sale/Lease

Price

1,342

Lease

$2.75 SF/MO/FSG

692 - 5,710

Lease

$1.55 SF/MO/FSG + J

Richard Ramirez (CBRE) 818-907-4639 Lyons Plaza

Valencia Town Center Craig Peters (CBRE) 818-907-4616, Sam Glendon (CBRE) 818-502-6745, Cody Chiarella (CBRE) 818- 502-6730 25102 Rye Canyon Loop Suite, # 120 1,814 - 9,501 Lease $1.80 SF/NNN 12,170 (usable) Lease $1.95 SF/MO/FSG 25134 Rye Canyon Loop Suite # 300

25350 Magic Mountain Parkway; Suite # 190

27441 Tourney Road; Suite # 100 23502- 23504 Lyons Avenue

Paragon Business Center 28650 Braxton Avenue 52,260 Lease $0.61 SF/MO/NNN John Erickson (Colliers Int.) 661-253-5202, Chris Erickson (Colliers Int.) 661-253-5207 27630 The Old Road 1,700 - 7,000 Lease Negotiable 24510 Town Center Drive Suite # 120 4,169 Lease $2.35 SF/MO/NNN Suite # 130 1,446 Lease $2.35 SF/MO/NNN 2,472 Lease $2.35 SF/MO/NNN Suite # 135

Lease

Office/Commercial Buildings cont.

23734 Valencia Boulevard

1,523 - 1,860

Lease

$1.95 SF/MO/FSG + J

Cameron Gray (NAI Capital) 661-705-3569 28245 Avenue Crocker Suite #106

1,966

Lease

$1.75 SF/MO/NNN

Valencia Business Center James Ebanks (Realty Advisory Group Inc.) 661-702-8880 x 12, Lauren Ebanks (Realty Advisory Group Inc.) 661-702-8882 x 18 25050 Avenue Kearny

890 - 2,926

Lease

$1.85 SF/MO/FSG

Rebel Professional 27825 Fremont Court; Suite # 13

2,804

Lease

$1.07 SF/MO/NNN

27821 Fremont Court; Suite # 6

3,045

Sale

$215 SF; $654,675

Santa Clarita Marketplace 1,050 26910 Sierra Highway; Suite # D-8 Randy Cude (NAI Capital) 661-705-3553 25128 Avenue Tibbitts 2,833 Randy Cude (NAI Capital) 661-705-3553, Blaire Herman 661-705-3559

Office/ Medical Buildings

Sq. Ft.

S ale Lease

Sale/Lease

$2.50 - $3.00 SF/MO/NNN $2.25 SF/MO/MG

Price

25775 McBean Parkway 1,201 - 6,682 Lease $2.76 SF/MO/NNN 25880 Tournament Road 1,043 – 4,559 Lease Negotiable Cody Chiarella (CBRE) 818-502-6730, Troy Pollet (CBRE) 818-907-4620 25050 Peachland Avenue 800 - 4,000 Lease $1.95 SF/MO/NNN Plaza Posada Medical Center Matt Sreden (NAI Capital) 818-742-1660, Cameron Gray (NAI Capital) 661-705- 3569 27420 Tourney Road; Suite #220 550 Lease $5.00 SF/MO/NNN Yair Haimoff (NAI Capital) 818 - 203-5429 23838 Valencia Boulevard Suite # 120 904 Lease Negotiable Suite # 140 3,988 Lease $2.25 SF/MO/NNN Suite # 200 4,143 Lease Negotiable Suite # 230 1,920 Lease Negotiable Suite #270 2,506 Lease $2.50 SF/MO/NNN The Atrium Yair Haimoff (NAI Capital) 818-203-5429, Andrew Ghassemi (NAI Capital) 661-705-3039, Matt Sreden (NAI Capital) 818-742-1660 4,150 Lease $2.00 SF/MO/NNN 27891 The Old Road Tim Crissman (RE/Max Crissman Commercial Services) 661-295-9300

Land (Commercial, Industrial & Retail) Acres

Sale

Price

SWC Golden Valley Rd./Centre Pt. Pkwy.

1.5 Sale $35.20 SF/$2,300,000 Nigel Stout (JLL) 818-531-9685 23600 Sierra Highway 10 Sale $14.35 SF/$6.25M 6 Sale $23.70 SF/$6.2M 23658 Sierra Highway Placerita Canyon 10 Sale $5.70 SF/$2.5M Sierra Highway 30,000 SF Sale $20.00 SF/$600,000 SEC Castaic Road/Parker 21,195 SF Sale/Lease $56.60 SF/$1.2M/$8,500 MO 49637 Gorman Post Road 1 Lease $2,500 MO 3251-014-016 Peace Valley Road/Gorman 2 SaleLease $19.40 SF/$1.7M/$10,000 MO 3251-014-019 Peace Valley Road/Gorman 1 Sale/Lease $45.90 SF/$2.0M/$8,333 MO 28100 Bouquet Canyon Road 43,560 Sale $25.25 SF; $1,100,000 Randy Cude (NAI Capital) 661-705-3553 Soledad Canyon Road/Camp Plenty 22 Sale $2.60 SF/$2.5M 1.86 Sale NEC Bouquet Canyon Road & Plum Canyon Road $25.00 SF/$2.0M/$25,000 NWC Bouquet Canyon/Madrid Road 3.71 Sale $30.00 SF/$4.85M John Z. Cserkuti (NAI Capital) 661-705-3551 17129 Sierra Highway 3 Sale $16.00 SF/$2.1M 149 Sale $.60 SF/$3.9M 15112 Sierra Highway 24605 Railroad Avenue 10,890 Sale/Lease Negotiable Yair Haimoff (NAI Capital) 818-742-1659 SWC Soledad Canyon Rd/Golden Valley Rd 1.19 Sale $21.00 SF/$1.1M Valley Business Center 1.9 Sale $23.00 SF/$1.9M Valley Business Center 2.29 Sale $21.00 SF/$2.1M Valley Business Center 2.67 Sale $21.00 SF/$2.4M Valley Business Center 3.86 Sale $21.00 SF/$3.5M Valley Business Center 4.96 Sale $21.00 SF/$4.5M Valley Business Center 6.15 Sale $21.00 SF/$5.6M Kevin Tamura (Daum Commercial) 661-670 -2001, Ron Berndt (Daum Commercial) 661-670-2000 20000 Soledad Canyon Road 22 Sale $2.60 SF/$2.5M Randy Cude (NAI Capital) 661-705-3553, John Cserkuti (NAI Capital) 661-705-3551 Sierra Highway/Crown Valley Road 60,984 Sale $8.20 SF/$500,000 Pamela Verner (SCV Commercial Real Estate Services) 661-714-5271 16016 Sierra Highway 74,932 Ground Lease $0.17 SF/MO/NNN Kevin Tamura (Daum Commercial) 661-670 -2001, Ron Berndt (Daum Commercial) 661-670-2000

Industrial Buildings 26245 Technology Drive 28104 Witherspoon Parkway 28016 Industry Drive Doug Sonderegger (CBRE) 818-907-4616 28303 Industry Drive 26027 Huntington Lane; Unit F

Sq. Ft.

Sale/Lease

60,068 42,400 25,328

Lease SubLease Lease

$0.69 SF/MO/NNN $0.68 SF/MO/Gross $0.74 SF/MO/NNN

Price

6,085 4,119

Lease Lease

$1.05 SF/MO/Gross $0.90 SF/MO/Gross

SANTA CLARITA VALLEY BUSINESS JOURNAL 31

SEPTEMBER 2017

REAL ESTATE SECTION – Commercial, Industrial, Retail & Land (cont.)

Industrial Buildings cont.

Sq. Ft.

Sale/Lease

Price

24908 Avenue Kearny 37,294 Lease $0.68/SF/MO/NNN Sam Glendon (CBRE) 818- 502-6745 28110 Avenue Stanford; Unit #C 5,720 Lease $0.90 SF/MO/NNN 5,045 Lease $1.10 SF/MO/NNN 28343 Constellation Road Richard Ramirez (CBRE) 818-907-4639 28452 - 28456 Constellation Road 1,200 Lease $0.99 SF/MO/NNN 6,360 Sale $235.00 SF/$1.5M 28392 - 28396 Constellation Road 28392 Constellation Road 3,180 Sale $249.00 SF/$792,000 3,180 Sale $249.00 SF/$792,000 28396 Constellation Road Spectrum Business Center 21095 Centre Pointe Parkway 20,781 Sublease $0.80 SF/MO/NNN 2,795 Lease $1.15 SF/MO/NNN 26450 Ruether Avenue; Suite # 102 Yair Haimoff (NAI Capital) 818-203-5429 17645 Sierra Highway 4,180 Lease $1,44 SF/MO/MG 28486 Westinghouse Place, Suite # 100 B 2,600 Lease $0.99 SF/MO/MG Yair Haimoff (NAI Capital) 818-203-5429, Andrew Ghassemi (NAI Capital) 661-705-3039 28368 Constellation; Unit #340 3,770 Sale $260.00 SF/$980,200 Yair Haimoff (NAI Capital) 818-203-5429, Matt Sreden (NAI Capital) 818-742-1660, Andrew Ghassemi (NAI Capital) 661-705-3039 28494 Westinghouse Place Unit # 111 2,270 Lease $2.25 SF/MO/MG 1,720 Lease $2.25 SF/MO/MG Unit # 112 1,110 Lease $2.25 SF/MO/MG Unit # 114 Unit # 115 1,110 Lease $2.25 SF/MO/MG 1,290 Lease $2.25 SF/MO/MG Unit # 209 Unit # 306 2,208 Lease $2.25 SF/MO/MG 1,290 Lease $2.25 SF/MO.MG Unit # 308 2,270 Lease $2.25 SF/MO/MG Unit # 311 Unit # 216 760 Lease $2.25 SF/MO/MG Valencia Atrium 28486 Westinghouse Place 2,600 Lease $0.99 SF/MO/MG Matt Sreden (NAI Capital) 818-742-1660, Andrew Ghassemi (NAI Capital) 661-705-3039, Yair Haimoff (NAI Capital) 818-203-5429 28650 Braxton Avenue 52,260 Lease $0.61 SF/MO/NNN 26074 Avenue Hall Suite # 1 7,444 Lease $0.95 SF/MO/Gross 25,130 Lease $0.70 SF/MO/NNN 28079 Avenue Stanford 12,024 Lease $0.75 SF/MO/NNN 25217 Rye Canyon Road 25574 Rye Canyon Road Suite #F 1,600 Lease $1.15 SF/MO/Gross 25030 Avenue Tibbitts Suite # H 3,600 Lease $1.10 SF/MO/Gross John Erickson (Colliers Int.) 661-253-5202, Chris Erickson (Colliers Int.) 661-253-5207 25158 Avenue Stanford 44,548 Sale $132.00 SF/$5.9M 28486 Westinghouse Place, Suite # 120 6,255 Sale $209.00 SF/$1.3M 35,310 Lease $0.59 SF/MO/NNN 28334 Industry Drive Matt Dierckman (CBRE) 818-502-6752 25159 Avenue Stanford 79,701 Sale $115.00 SF/$9.2M Todd Lorber (NAI Capital) 818-933-2376 27772 Avenue Scott 22,565 Lease $0.80 SF/MO/NNN Yair Haimoff (NAI Capital) 818-203-5429, Randy Cude (NAI Capital) 661-705-3553 28210 N. Avenue Stanford 109,379 Lease $0.58 SFMO/NNN Craig Peters (CBRE) 818-907-4616 18,465 Lease $0.60 SF/MO/NNN 25161 Rye Canyon Loop 8,384 Lease $0.76 SF/MO/NNN 25110 Rye Canyon Loop 25109 Rye Canyon Loop 20,761 Lease $0.76 SF/MO/NNN Southern California Innovation Park Craig Peters (CBRE) 818-907-4616, Doug Sonderegger (CBRE) 818-907-4607 26340 Ruether Avenue 1,511 Lease $1.15 SF/MO/MG 26346 Ruether Avenue 1,756 Lease $1.15 SF/MO/MG 26378 Ruether Avenue 2,994 Lease $1.15 SF/MO/MG Bernards Centre Point Park 7,050 Lease $1.15 SF/MO/MG 24907 Avenue Tibbits; Suite C Tibbits Business Park 26007 Huntington Lane 2,760 Lease Suite #1 $1.15 SF/MO/MG 1,992 Lease $1.15 SF/MO/MG Suite # 5 Suite # 7 1,992 Lease $1.15 SF/MO/MG 1,992 Lease $1.15 SF/MO/MG Suite # 8 Huntington Plaza Tim Crissman (ReMax/Crissman Commercial Services) 661-295-9300 28939 N. Avenue Williams 58,395 Sublease $0.79 SF/MO/IG Matt Sreden (NAI Capital) 818-742-1660 24700 Avenue Rockefeller 45,269 Lease $0.68 SF/MO/NNN 25,328 Lease 28016 West Industry Drive $0.74 SF/MO/NNN 37,294 Lease $0.68 SF/MO/NNN 24908 Avenue Kearny Craig Peters (CBRE) 818-907-4616, Doug Sonderegger (CBRE) 818-907-4607 21515 Centre Pointe Parkway 16,773 Sale $215.00 SF/$3.6M Chris Jackson (NAI Capital) 818-933-2368,Todd Lorber (NAI Capital) 818-933- 2376, Matt Ehrlich (NAI Capital) 818-933- 2364 28545 Livingston Avenue 173,000 Lease $0.65 SF/MO/NNN 28454 Livingston Avenue 134,287 Sublease $0.65 SFMO/NNN Chris Jackson (NAI Capital) 818-933-2368,Todd Lorber (NAI Capital) 818-933-2376 27811 Avenue Hopkins

 Valencia Executive Plaza, 27201 Tourney Rd. Suite # 9

2,220

Lease

$0.97 SF/MO/Gross

Suite # 1

3,152

Lease

$0.97 SF/MO/Gross

Suite # 2

2,220

Lease

$0.97 SF/MO/Gross

27833 Avenue Hopkins; Suite # 4

2,940

Lease

$0.97 SF/MO/Gross

26818 Oak Avenue

2,940

Lease

$1.00 SF/MO/Gross

Unit J

2,940

Lease

$1.00 SF/MO/Gross

Unit I

1,884

Lease

$1.00 SF/MO/Gross

1,130

Lease

$1.10 SF/MO/Gross

21021 Soledad Canyon; Suite # 104

1,521

Lease

$1.35 SF/MO/NNN

26841 Ruether; Unit D

Kevin Tamura (Daum Commercial) 661-670 -2001, Ron Berndt (Daum Commercial) 661-670-2000 27121 Furnvall Avenue

11,318

Lease

$1.42 SF/MO/MG

Randy Cude (NAI Capital) 661-705-3553 27891 Smyth Drive 28606 Hasley Canyon

4,150

Sale

43,584

Lease

$232.23 SF/$962,000 $0.72 SF/MO/NNN

James Ebanks (Realty Advisory Group Inc.) 661-702-8880 x 12, Lauren Ebanks (Realty Advisory Group Inc.) 661-702-8882 x 18 28510 Industry Drive

46,778

Sale

$142.50 SF/$6.7M

Gateway Industrial Doug Donderegger (CBRE) 818-907-4607, Craig Peters (CBRE) 818-907-4616 27831 Smyth Drive

10,484

Sale

$209.84 SF; $2.2M

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

Future Industrial Projects Sq. Ft.

Sale/ Lease

Price/ Occupancy

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

88,752,105,407

IAC Commerce Center (Phase 1)

Lease

TBD; Available

93,600, 116,740, 187,880 Lease

TBD; 3Q 2017

SWQ of Newhall Avenue/Sierra Highway Phase 1; The Center at Needham Ranch

16,000 - 223,530

Sale /Lease

TBD; TBD

Craig Peters (CBRE) 818-907-4616, Doug Sonderegger (CBRE) 818-907-4607, Richard Ramirez (CBRE) 818-907-4639 28608 Hasley Canyon Road

44,162

Lease

$0.72 SF/MO/NNN

Avalon Business Center

20,499, 23,668

Lease

$0.74 SF/MO/NNN

James Ebanks (Realty Advisory Group Inc.) 661-702-8880 x 12, Lauren Ebanks (Realty Advisory Group Inc.) 661-702-8882 x 18 28510 Industry Drive

46,778

Sale

$142.50 SF/$6.7M

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

Future Office Projects

Sq. Ft.

27770 N. Entertainment Drive

100,000 SF (5,000-10,000 SF)

Sale/Lease

Price

Sublease

$2.25 SF/MO/NNN

Allen Trowbridge (Cresa) 818-223-0073 27335 Tourney Road

45,675

Lease/Sale $2.95 SF/MO/FSG; $350.00 SF

Richard Ramirez (CBRE) 818-907-4639, Craig Peters (CBRE) 818-907-4616, Doug Sonderegger (CBRE) 818-907-4607 NOTE: Parties interested in further information should contact the listing broker(s) or James E. Brown, Manager Business Attraction, SCVEDC at 661-288-4413 or via email at Jimbrown@scvedc.org.

The Real Estate Section of the SCVBJ is the most comprehensive database of Commercial, Industrial, Retail and Land Listings in the SCV.

ORDER-IMG#.: 33673_1 ADVERTISER: MISSION VALLEY BANK SALES REP: MAUREEN SIZE: fp PUB: SCVBJ • RUN DATE: 08-18-17 DOWNLOADED BY: SF CRX: XXX DIRECTORY: 2017\AUG PLEASE VERIFY THIS JOURNAL PROOF IS THE CORRECT COPY FOR THE DAY SCHEDULED TOSEPTEMBER RUN 32 SANTA CLARITA VALLEY THAT BUSINESS 2017