Canyon Country · Newhall · Saugus · Valencia · Stevenson Ranch · Castaic · Agua Dulce
Santa Clarita Valley Business Journal Santa Clarita’s Only Business Publication
$4.50 · Volume 8 · Number 6
www.scvbj.com
october 2016
Special Report:
Remaking of a Town
Page 5
Old Town Vision:
Old Town, New Look:
Refocusing a Fading Retail District as Downtown Poised for New Buildings, Arts, Entertainment and Dining Center Renovations to Relvitalize Area By Paul Parcellin SCVBJ Editor
R
edevelopment of Old Town Newhall has been a work in progress for almost 20 years, and in recent times efforts to revitalize the downtown area have gained momentum. After having overcome setbacks delivered by both the state government and a nationwide economic recession, downtown Newhall appears poised for sizable steps for- Ground has been broken for the Hotel Luxen near Railroad Avenue and Fifth Street in Downtown ward in the not too distant future. Newhall. Photo by Katharine Lotze. The Newhall redevelopment activities that remove physically and ecoeffort got under way when the Santa Clarita City Council established the nomically blighted conditions that inhibited Newhall Redevelopment Project Area in economic growth in the city. Then in 2005, the city adopted the Old 1997 to revitalize the downtown area, and that was what started the funding mechanism Town Newhall Specific Plan, and that has been the guiding vision and policy document for the revitalization of Old Town Newhall. In 1989, the city established the RedevelSee VISION page 8 opment Agency to undertake redevelopment
By Paul Parcellin SCVBJ Editor
I
t was once a lagging downtown with businesses that lost their sparkle, but Old Town Newhall is in the process of making a remarkable transition to a vibrant arts, entertainment and dining district. The plan is to reshape the area and make it more welcoming to pedestrians. With new boutiques, bars, restaurants, as well as live theater venues, the aim is to transform downtown from a place that empties out after dark to a spot where residents and visitors from other communities could congregate – and spend their dollars. Commercial real estate broker Tim Crissman has been involved with Main Street in Old Town Newhall since 1983, when he started with Merrill Lynch Realty. “My very first transaction was selling the building to open Abe’s Pawn Shop, which remains to this day,” he recalled. “In fact, it’s probably the third oldest business on the block.” Since that time, many have come and gone. Some moved on; others remained in Newhall and helped revive the downtown area. Crissman says many of the clients he first worked with in Old Town still own property there, and his firm continues to manage and lease those properties for them. “Over the course of my career, we’ve seen the luster in Old Town Newhall go from the one center of the valley and the beginning of commerce, to a kind of ugly stepchild,” said Crissman. “Nobody
wanted to be here anymore.” “I developed a philosophy back then that I was going to change Newhall one property at a time,” he said. “When I bought my first home up here in 1980, Main Street was San Fernando Road, a major thoroughfare with four lanes. But, we had Santa Clarita National Bank on the block, Magic Ford – the Ford dealership in town started right there on Main Street. We had a consortium of businesses that were birthed here.”
A Long-Time Presence Those that remain include the pawnshop, The Way Station and Newhall Paint. The owners of Newhall Paint sold the business and the building recently, and the new owner is a small paint purveyor who is keeping it the local paint store. Frank Maga, who owns the property where El Trocadero and The Newhall Refinery are located, was somewhat of an Old Town pioneer. He did the renovation on the exterior of that building long before any of the city improvements took place. Since the 1920s, Maga’s family has had a presence in Newhall. Frank’s uncle established Newhall Hardware in 1947 and the family has owned property on Market and Main streets since 1937. Property owners who have seen the Old Town transformation through, although dwindling in number, may reap the rewards for their tenacity. “They are the ones who have kept the fire See NEWHALL page 5
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Canyon Country · Newhall · Saugus · Valencia · Stevenson Ranch · Castaic · Agua Dulce
Santa Clarita Valley Business Journal Santa Clarita’s Only Business Publication www.scvbj.com
$4.50 · Volume 8 · Number 6
october 2016
9
Cover Old Town, New Look: Downtown area poised for new buildings, renovations aimed at revitalizing business climate Old Town Vision: Refocusing a Fading Retail District as Arts, Entertainment and Dining Center
Editorial SCVBJ Managing Editor
Jana Adkins jana@signalscv.com 661-287-5599 SCVBJ Editor
Features
Paul Parcellin
Art House Movies, Retail Space, Parking Added to Help Anchor the District. . . . . . . . 6
pparcellin@signalscv.com 661-287-5509
A Boost in Curb Appeal for Storefronts; Library Takes Shape. . . . . . . . . . . . . . . . . . 7
Advertising
The Long Road to Redevelopment: Progress Made in Fits and Starts . . . . . . . . . . . . . . . . . . 8
661-287-5564
With Gateway V Walls Tilted Up, Project Starts to Take Shape.. . . . . . . . . . . . . . . . . 9
Steve Nakutin
Advertising Director snakutin@signalscv.com 661-287-5561
Out of This World Santa Clarita Resident Richard Cook Moves Up at JPL. . . . . . . . . . 10
Major and National Accounts -
Northrop Grumman Exec Offers Potential Suppliers a ‘How To’ Talk. . . . . . . . . . . . 11
Marketing Director
Maureen Daniels
Manufacturing Day Organizers Aim to Educate Students, Eliminate a Stigma. . . 12
maureen@signalscv.com 661-287-5566
Startup Weekend SCV Offers a Speedy Way to Jumpstart Your New Tech Firm. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Multi-Media Account Executives
Dawn Begley Toni Sims Monica Jaffe
Bayless Manufacturing sells buildings for reported $12 million . . . . . . . . . . . . . . . . . 14 Scorpion’s New Multimillion-Dollar Headquarters . . . . . . . . . . . . . . . . . . . . . . . . . 15
Administrative Assistant
Poole & Shaffery opens San Diego office. . . 15
■ A crane hoists a concrete wall into place at the site of the Valencia Commerce Center. Photo by Katharine Lotze.
Courtney Briley
Despite claims to the contrary, California still good for business. . . . . . . . . . . . . . . . . . . 17
From the Editor
Circulation
SCV Business Services Appointments . . . . . . . . . . . . . . . . . . . . . 18 How the Santa Clarita Valley can Participate in the US Manufacturing Boom. . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 Column: Real Clear Business Advice. . . . 20 SCVEDC. . . . . . . . . . . . . . . . . . . . . . . . . 22 SCV Chamber of Commerce. . . . . . . . . . 23 VIA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
Real Estate Section Commercial Real Estate. . . . . . . . . . . . . . . . . 25 Residential Real Estate. . . . . . . . . . . . . . . . . . 27
The transformation of Old Town Newhall, from a faltering retail and automotive services district to an entertainment and dining hub is 20 years in the making. A punishing economic downturn and the loss of state funding slowed but did not put the kibosh on efforts to reinvent this evolving enclave. In this issue, we look at where Old Town Newhall has been and what exciting changes lie in store. Also, walls are tilting up at the Gateway V industrial complex, and we’re offered a glimpse of what’s to come. Scorpion Internet Marketing has broken ground for construction of its new headquarters and Bayless Manufacturing has sold its two
buildings. Autumn always makes us think of school days, and two upcoming educational events are targeted toward the business-minded. For those seeking a career path, there’s Manufacturing Day. And aspiring entrepreneurs will want to make note of Startup Weekend SCV. As the season gets into full swing, we hope that your autumn has gotten off to an exceptional start. Read on!
CORRECTION SCV Locations represents Ares Studios, as well as multiple other film locations in the Santa Clarita Valley. The name of the business in the September edition of the SCV Business Journal was incorrectly identified. The firm can be contacted at www.scvlocations.com.
Pam Conley 661-287-5580 Art/Production Graphic Design Supervisor
Deborah Runions Photographers
Daniel Watson Katharine Lotze Executive Staff
Paul Parcellin SCVBJ Editor pparcellin@signalscv.com
Index of Products and Services American Family Funding. . . . . . . . . . 2 Brookfield Residential. . . . . . . . . . . . . 2 City of Tehachapi. . . . . . . . . . . . . . . . 6 Colliers International. . . . . . . . . . . . . 27 Exclusive Service Directory Group. . . . 27 Fast Frame. . . . . . . . . . . . . . . . . . . . . . 7 Hyatt Regency Valencia. . . . . . . . . . . . 4 JD Systems. . . . . . . . . . . . . . . . . . . . . . 4 LBW Insurance Financial Services. . . . . 9 Mission Valley Bank . . . . . . . . . . . . . 12
Circulation Manager
Randall G. Winter Construction. . . . 27 Rosalind Wayman. . . . . . . . . . . . . . . 14 SCV iRepair . . . . . . . . . . . . . . . . . . . 13 SCVEDC: Tamara Gurney. . . . . . . . 15 SCVEDC: Jason & Keith Renno. . . .15 SCVEDC: William Murray . . . . . . . 17 SCVEDC: James Combs. . . . . . . . . . 17 SCVEDC: Randy Stabler . . . . . . . . . 19 Poole & Shaffery. . . . . . . . . . . . . . . . 28 Valencia Acura. . . . . . . . . . . . . . . . . . 11
Santa Clarita Valley Business Journal (a Signal publication), © 2015, is published monthly by the Santa Clarita Valley Signal newspaper, a Paladin Multimedia company, 24000 Creekside Rd., Santa Clarita, Ca. 91355. 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 is considered reliable sources, and is believed to be accurate, but cannot be guaranteed. Articles may not be reprinted without publisher’s written permission. For reprint requests, please call 661-259-1234.
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Charles F. Champion II cchampion@signalscv.com 661-287-5578 Vice President and Editor
Jason Schaff jason@signalscv.com 661-287-5515
Online www.scvbj.com
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SPECIAL REPORT NEWHALL
Continued from page 1 going,” said Crissman. While efforts to revive the downtown area have made substantial progress in recent times, the outlook was not always so upbeat. The recession had a sizeable impact on efforts to revitalize the area. Then, in an effort to balance the state’s budget, the governor shut down municipal redevelopment agencies across the state, including the one serving Santa Clarita. The agency shutdown came as the state was just beginning to see itself through the recession, and the effect was felt in Newhall. Loss of Santa Clarita’s Redevelopment Agency certainly had an impact because there were significant public funds that would have been used to continue the work that the city had done, which were lost. That also tied up the properties that the city had purchased, which included the site targeted for the Serrano mixed-use and Laemmle Theatre projects, a development that would include a Laemmle Theatre, retail space and a parking garage. All three would be located on the block that runs along Lyons Avenue from Railroad Avenue to Main Street and all the way back to Ninth Street. “The project sat fallow for a long time, so it certainly had an effect,” said Crissman. Funds from the American Recovery Act of 2009 helped business owners renovate building facades. The city was able to secure $250,000 and made five grants available to the community.
Community Action While the shutdown of the Redevelopment Agency took away an important funding mechanism, the community somehow rallied and kept the momentum going via the private sector. “The city wisely grabbed the Obama bucks and offered up the grants so that a few of us were able to keep the momentum going,” said Crissman. “We were able to get a lot of these restaurants in place post loss of the Redevelopment Agency.” Several property owners on the block secured some of those funds for renovations. Crissman purchased property on the northwest corner of Railroad and 5th streets in 2001, which was once the Newhall Plumbing yard owned by the Guglielmino Family Trust. Don Guglielmino owned Newhall Hardware, Newhall Plumbing and Newhall Electric, and helped found Santa Clarita National Bank. Crissman intended to develop the property, and when the city’s guidelines for downtown redevelopment – the Specific Plan – were adopted, it made sense to consider larger-scale projects. Victor Desai, owner of the Santa Clarita Motel and executive vice president of Ikon Hospitality, was interested in developing a hotel on that location. The plan was to develop the Hotel Luxen, a 42-room boutique establishment. The Ikon group operates hotels and motels in Hollywood, North Hollywood, Thousand Oaks and other Los Angeles area locations. “With the changes in the marketplace, the boutique hotel was the best choice for the long-term growth of Old Town,” said Crissman.
Abe’s Pawn Shop in downtown Newhall. Photo by Katharine Lotze.
He decided to sell the property and assist Ikon in obtaining the entitlements. Construction crews broke ground for the hotel in September. “It’s been a couple of years in the making,” said Crissman. “The city was very supportive, and it will be a very exciting addition to Old Town. For the first time, we’ll have a really upscale boutique hotel in town. It’s just going to add another element that will keep people down here.” Efforts made in recent years have improved the downtown
“
Over the course of my career we’ve seen the luster in Old Town Newhall go from the one center of the Valley and the beginning of commerce, to a kind of ugly stepchild. Nobody wanted to be here anymore.” Tim Crissman,
commercial real estate broker
area and made it more welcoming to visitors. Following the Specific Plan, the streetscape work – a beautification project that includes pedestrian-friendly sidewalks, street lighting, street furniture and landscaping – got under way.
Pulchella Winery’s tasting room in downtown Newhall. Photo by Katharine Lotze.
City Leadership “The city’s efforts, when redevelopment was in place, were extremely important in terms of moving the dial to get people to see that change was coming,” said Crissman. “We’re seeing gentrification, and I think the gentrification will accelerate when the Serrano mixed-use and Laemmle Theatre projects come in.” Building façade renovations were on the upswing as part of the post-recession recovery, funded by the American Recovery Act. With the recession of 2008, much of the redevelopment activity came grinding to a halt, but those projects were able to carry through the momentum over the next couple of years. Subsequent to that, The Newhall Refinery had become a huge success. The Refinery had a significant impact, because it was evidence that an up-scale gastro-pub could not just succeed, but knock it out of
the park. After that, the Persia Lounge came in, filling another large vacancy on the block. The Work Boot Warehouse building, on Lyons Ave., was sold to a local investment group, and negotiations are under way to locate a restaurant right on that corner, in that ground-floor space. When the county offices move out, upscale boutiques will likely move in on the ground floor. The ownership will occupy the second floor, building it out for new real estate offices. “We have the Metrolink station there, we’ll have a hotel down here, we’re going to have exciting nightlife down here. We’re going to have people traveling to come to the cool places that we’re putting down here.” Also underway is a new brew house restaurant that will be located at the site of the Mirror Mirror clothing store and Thai Pepper property at 24407 Main St. The brew house will have a beer garden at the rear of the building with table seating and a bocce ball court. The brew house doesn’t have a name yet, but will be similar to the original Wolf Creek in Valencia. The Wine Collective will be opening at the corner of 8th and Main streets, in the former Sportsman’s Supply Store, which was the local sporting goods store when San Fernando Road had a vibrant retail corridor.
High Demand “The problem we’re having is we’ve got more people wanting to come down here and no space to lease,” said Crissman. “As quick as properties are vacating, we’re able to fill them. “People want to see independent entrepreneurs. We’re seeing a trend from the industry where you’re getting a lot more independent upscale restaurants that recognize that people are tiring of the big chains, and they see the opportunity for a much more dynamic menu, a much more eclectic environment, so that it’s not such a cookie-cutter kind of a situation. “When you have an independent that is constantly changing the menu, constantly changing things to keep it fresh, we’re seeing much greater success to the point where developers that own real estate, like Santana Row in the Bay Area or the Third Street Promenade down in Santa Monica, are moving away from nationals, recognizing that the independent restaurateur does it better, at times is more nimble, and is far more likely to fight to succeed than a corporate client might. “Sometimes when you’re dealing with an upcoming area like this, you won’t get attention from the nationals until it’s pretty much fully gentrified.” “We’ve got an economic development corporation here in the SCVEDC (Santa Clarita Valley Economic Development Corp.) that has just done amazing things. We’ve got a city here that is being very progressive and aggressive in seeing Old Town Newhall become really the focal point of arts, entertainment and dining. “With so much momentum and all of the forces that are coming into play, in the future, we’ve got such a great story to tell, and it’s really starting to catch fire.”
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SANTA CLARITA VALLEY BUSINESS JOURNAL
OCTOBER 2016
SPECIAL REPORT
Art House Movies, Retail Space, Parking Added to Help Anchor the District By Paul Parcellin SCVBJ Editor
W
ith its numerous soundstages and movie ranches, Santa Clarita is a hub for Hollywood film and TV production. So, perhaps it’s fitting that a Laemmle Theatre, one of the most storied art house movie chains in the Los Angeles region, should become a downtown fixture of Newhall’s redevelopment plan. The plan calls for three different projects. The first is at the corner of Lyons and Railroad – a two-story, seven-screen Laemmle art house movie theater. The theater complex will also contain about 2,300 square feet of retail or restaurant space. Adjacent to that, on Lyons and Main Street, will be Newhall Crossing – 47 residential units and approximately 20,000-square-feet of restaurant and retail space. And then on the southern-most corner of that block, at Railroad Avenue and Ninth Street, is the city’s parking structure, which will add 374 spaces. At an overall projected cost of $15.6 million to build the parking garage, the city also agreed to give a $3.4 million subsidy to Laemmle, which includes a The plan for the Laemmle Theatre and Serrano mixed-use project in Old Town Newhall. Courtesy rendering. one-time payment of $1.98 million in exchange for a guarantee that the theater Builders, to help with some of the entitlement and construction planning issues, and will be open for at least 15 years. The Newhall project area was created in 1997, and that was what started the funding serve as the general contractor. The theater will be totally controlled by the owner, who mechanism for the revitalization of Old Town Newhall. In 2005, the city adopted the will be responsible for development of Laemmle. “Laemmle is our partner on another project, so we came in with them as part of the Old Town Newhall Specific Plan, the guiding vision and policy document that outlines proposal as a theater operator,” said Jason Tolleson, principal with Serrano. His comthe vision of what Old Town Newhall was to be. pany is collaborating with Laemmle in Glendale on a 10,000-square-foot, five-screen Some of the plans included creation of the Main Street that we see today. That intheater and 42 apartments. The Newhall project is a little bit larger, with less density. volved rerouting some streets, changing the name of streets, and completing the street Newhall has 46 units and the theater is about twice the size of the one in Glendale. and the sidewalk beautification program known as the “streetscape.” Newhall also has an additional 20,000 square feet of retail. The city, in partnership with the former Santa Clarita Redevelopment Agency, origiAs it stands now, the developer is working on multiple fronts. Part of it is refining nally acquired the block in 2008. The city made deals with two land owners to purchase the property. There were three active leases on the site, and the city relocated those plans and getting feedback from the city until they get a building permit. Tolleson said he expects to begin building in the second quarter of 2017. businesses. The theater is expected to open by the summer of 2018, 10 years from when the city A number of developers offered proposals to build on the land, and the city eventually chose the Laemmle Theatre chain, which is partnering with the Serrano Develop- made the land purchase. “In terms of the general development process, it’s been drawn out,” said Greg Laemment Group. Serrano Development is building another 20,240 square feet of retail space, above mle, co-owner of the independent theater chain. “We had a little hiccup in the econowhich will house 46 multi-family residential units. The project also includes a public my, we had the dissolution of the agencies. These deals have become fairly complicated. I think the city has certainly moved as quickly as possible, and it’s a snowball that’s plaza and an on-site underground parking garage for residents. As for the Laemmle Theatre, Serrano will use its in-house firm, Pacific Empire gathering speed at this point.”
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The site of the planned Laemmle Theatre and Serrano mixed-use projects bordered by Lyons Avenue, Main Street, 9th Street and Railroad Ave. Photo by Dan Watson.
OCTOBER 2016
SANTA CLARITA VALLEY BUSINESS JOURNAL
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SPECIAL REPORT
Main Street Transformed Boosting Curb Appeal for Storefronts
T
he city’s Building Improvement Grant Program helped improve facades and signage in Old Town. Owners that improved their property included the business of Pulchella Winery, Newhall Bicycle Co., the Gammert, Mayalian and Way Station buildings on Main Street and the Railroad Café on Market Street.
In 2009, the city completed a new streetscape on Main Street and secured $303,635 in federal American Reinvestment and Recovery Act dollars to enhance Old Town Newhall’s commercial properties. Five property owners received grants of $55,000 each. The city also constructed the 30,000-square- foot Santa Clarita Public
Gammert, before. Photos courtesy of the city of Santa Clarita. (Above) The site of the Santa Clarita Library. (Below) The completed building.
Gammert, after.
Way Station, before. Way Station, after.
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SANTA CLARITA VALLEY BUSINESS JOURNAL
OCTOBER 2016
SPECIAL REPORT The Long Road to Redevelopment:
Progress Made in Fits and Starts By Paul Parcellin SCVBJ Editor
B
ack in the 1980s, Old Town Newhall was in a slump. Buildings had deteriorated, there was a high vacancy rate in commercial spaces, and the downtown area was lacking in the kinds of shops and restaurants that would make a vibrant business district. The Santa Clarita City Council formed the Redevelopment Agency in 1989 to help revitalize this part of town. Redevelopment agencies gave local governments the ability to capture a greater share of property taxes. After an area was declared a redevelopment project area, the share of property taxes that goes to schools and other local agencies was frozen. All of the growth in property taxes from that point until the redevelopment area expired, typically 50 years, went back to the redevelopment agency. In 2005, the city adopted the Specific Plan, calling for a 20-block downtown area served by Metrolink commuter rail, a commercial corridor in downtown, two flanking neighborhoods and an industrial district. Upon build-out, the Specific Plan called for up to 1,092 new residential units and nearly a million square feet of new commercial space. In an effort to stimulate the local economy and transform Old Town Newhall, and with the help of area merchants, the city collaborated in 2011 to reinvent Main Street into a thriving arts and entertainment district. In 2005, the Santa Clarita Redevelopment Agency adopted the city’s Specific Plan, and according to Denise Covert, an economic development associate for Santa Clarita, there was a lot of excitement. The Main Street streetscape improvements and plans for the Old Town Newhall Library were in the works, and then the recession hit. The economy cooled and downtown development slowed. In 2008, the Redevelopment Agency purchased the site where a Laemmle Theatre, retail space and a parking garage are to be built, on the block bordered by Lyons
VISION
Continued from page 1 that outlines what Old Town Newhall would become. The Specific Plan consists of a 20-block downtown served by Metrolink commuter rail, a commercial corridor in downtown, two flanking neighborhoods and an industrial district. Upon build-out, the Specific Plan calls for up to 1,092 new residential units and nearly a million square feet of new commercial space. Part of the growth would come from new developments, while the rest would be gained by revitalizing existing buildings. But the overall idea of what the downtown area would become came from residents of the area whom the city surveyed. “We got a lot of input and feedback from the community on what they would like,” said Jason Crawford, economic development manager for the city of Santa Clarita. “Having an art house movie theater, live theater, a restaurant scene – that was really what was envisioned by the community and what became the blueprint for the Old Town Newhall area.” The more than 900-acre project includes retail, industrial, public and residential properties mostly along the Lyons Avenue, Railroad Avenue and Newhall Avenue corridors. The historic downtown Newhall area and the Metrolink station are within the project boundaries. “Some of the plan included creation of the Main Street that
and Railroad avenues, and 9th and Main streets. The city had decided to relocate the three firms that were situated there, an auto body shop, a car stereo and alarm installer, and another automotive business, because they didn’t fit the city’s vision for the downtown area. “There were two landowners and we were able to a make a deal with both to purchase the property, and there were three active leases on the site, two of them were on a month-to-month basis,” Covert said. “So, we went through the process of relo El Trocadero in downtown Newhall. Photo by Katharine Lotze. cating those businesses.” The second business had a roadways, and the Public Library. long-term lease, so they had four or five more years on “So, we were lucky in that sense, but it still impacted the lease. So, he stayed on the property until he decided us,” she said. to close his business a couple of years ago. The biggest disruption for the agency was with the The economic slowdown caused businesses to put redevelopment block project – the property the city purprojects on hold, and worse news was still to come. chased in 2008. “Just as we were starting to feel our way out of the “We had two options there,” said Covert. “One was recession, the state decided to eliminate redevelopment to just get rid of the property – sell it to the highest bidagencies in California,” said Covert. “And with that, re- der. Or, go through with a long-range property managemoved a vital funding tool for all cities throughout the ment plan that allowed us to partner with the developer state, but specifically for the revitalization of Old Town to get a project that was best for our community – that’s the direction we chose.” Newhall.” In the meantime, despite all of the setbacks, the city In 2011, the California Supreme Court upheld legislation that ended the roughly 60-year-old program was able to finish the traffic roundabout, and Los Anintended to combat blight. As a result, more than 400 geles County did renovations to William S. Hart Park. redevelopment agencies across the state were dissolved, “There was continual movement in the area,” she said. Ultimately, the long-term goals of Old Town Neincluding Santa Clarita’s agency. “We were fortunate in that we were able to get the whall’s arts and entertainment district include integratmajority of our infrastructure-type improvements com- ing the arts into the culture of the area, attracting deplete,” said Covert. That included the streetscape, the velopers and retailers, providing a nightlife opportunity roundabout, which links Newhall Avenue, Main Street for residents to stay local, and drive visitors to shop and and 5th Street in a previously awkward convergence of dine on Main Street.
we see today,” said Denise Covert, an economic development associate for Santa Clarita. “That meant that we rerouted some streets, changed the name of streets. The library, the streetscape, the roundabout, the future Laemmle Theatre, the parking structure – all of those items were in the Specific Plan.” Covert listed the developments on the agenda for Old Town: the new restaurants opening, Laemmle Theatre coming, bringing an art house and foreign film element to our community that joins the Repertory East and the Canyon Theatre Guild, plus the Thursdays at Newhall events that the city puts on. “I think we’re just going to continue to see this area grow and establish itself as the premier arts and entertainment district,” she said. “Our City Council has made Newhall a priority and in spite of the external factors, the recession and the dissolution of the Redevelopment Agency, what the City Council’s leadership and the city staff implementation of Old Town Newhall have created has been truly remarkable. “Right now we’re seeing another wave of revitalization in Old Town Newhall. Existing businesses are expanding, including The Newhall Refinery and Southern Smoke Barbeque. The Press Room, a wine, cheese and coffee bar next to Southern Smoke, is scheduled to open. There’s a brewery that’s planning to open on the northern end of Old Town, and there’s a lot of interest in opening new businesses in Downtown Newhall.”
Laemmle Theatre The new wave is going to be three different projects. The first is at the corner of Lyons and Railroad that will be a seven-screen Laemmle art house movie theater containing about 2,300 square feet of retail or restaurant space. Adjacent to that, on Lyons and Main Street, will be what’s called Newhall Crossing, consisting of 47 residential units and approximately 20,000-square-feet of restaurant and retail space. Then, on the southern-most corner of that block, at Railroad Avenue and Ninth Street, will be the city’s parking structure, containing about 374 spaces. “It’s just going to be very vibrant,” said Greg Laemmle, coowner of Laemmle Theatres. “I’d like to see people walking several blocks from the parking structure, passing people on the streets, people coming in and out of the movie theater, coming in and out of restaurants; there are some live theater venues that are there, hopefully maybe some live music venues will come in; but it’s going to be a mini-downtown experience.” In addition to the restaurants, watering holes and a movie theater, the inclusion of residences in the downtown plan will only add to the eclectic feel of the area. “It’s going to be a community, and not just a destination,” said Tim Crissman, a commercial real estate broker. “And that’s what makes it so unique, and why mixed-use was just the perfect mix down here.”
OCTOBER 2016
SANTA CLARITA VALLEY BUSINESS JOURNAL
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With Gateway V Walls Tilted Up, Project Starts to Take Shape By Paul Parcellin SCVBJ Editor
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orkers began tilting up the walls of Santa Clarita Valley’s newest industrial and of-
fice development project, Gateway V, in September, and the 13-acre development, the first project of its kind in Santa Clarita in 10 years, started to take shape. The Valencia development is part of the largest master-planned industrial project and center for business technology and industry in Los Angeles County, and it comes at a time when industrial space is at a premium. “Our vacancy rate for high-quality industrial buildings like this is below 1 percent,” said Holly Schroeder, president and CEO of the SCV Economic Development Corporation. “We have very little space for companies that are seeking to expand. This provides wonderful opportunities for growth to happen here in the Santa Clarita Valley.” The ownership group, MCA Gateway V, LLC, purchased the three lots from Gateway V, LLC in April of this year. Brokers Craig Peters and Doug Sonderegger represented both sides of this transaction. The site sits off the 126 Highway at Commerce Center Drive and Interstate 5. As workers used a crane to raise concrete slabs and the structures began to take shape, the dimensions of the trio of buildings suddenly took form and became more visible from outer roadways. “When we start the horizontal development on the ground, people don’t really pay attention,” said Peters. “But once we start lifting panels, everyone pays attention. It makes it very real. You can touch it, feel it, see it.”
First Quarter Completion Date Three state-of-the-art industrial buildings are currently being constructed, offering dock high loading, 28 feet minimum clearance, upgraded ESFR fire sprinklers and 480/277 volt power. The Class A buildings are being offered for lease or sale. Building sizes will be 105,047 square feet, 88,752 square feet and 60,923 square feet. Completion of the structures is expected to
A crane hoists a concrete wall into place at the site of Gateway V near the Valencia Commerce Center. Photo by Katharine Lotze.
be in the first quarter 2017. The Greater Los Angeles area industrial market has seen record low availability levels while demand is ever-increasing, likely pushing rents up 5.4 percent by year-end, according to CBRE’s second-quarter research report. During the current development cycle, construction levels have averaged 3.2 million square feet since 2013, significantly below the previous peak cycle of 7.2 million square feet between 2004 and 2007. The extreme supply-and-demand imbalance is projected to continue in the Valencia and Santa Clarita Valley submarket for years to come. “Our biggest challenge
in attracting companies to the Santa Clarita Valley is a lack of space to put them into,” said Schroeder. “Having new inventory is paramount. As the project progresses, it’s more visible, and perspective users can plan a definitive time line. I feel very optimistic that we’ll find good quality users for this space very quickly.”
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Workers work on a concrete wall at Gateway V off of Highway 126. Photo by Katharine Lotze.
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SANTA CLARITA VALLEY BUSINESS JOURNAL
OCTOBER 2016
Out of This World:
Santa Clarita Resident Richard Cook Moves Up at JPL By Paul Parcellin SCVBJ Editor
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anta Clarita resident Richard Cook has been named to the key position of associate director for Flight Projects and Mission Success at NASA's Jet Propulsion Laboratory in Pasadena. Prior to his new role, Cook served as JPL's deputy director for Solar System Exploration since 2013. He also held several JPL leadership positions in the Mars Exploration Program, including manager and deputy manager for the Mars Science Laboratory Project during development and operations. In those roles, he was responsible for design, development, launch and operations of the Curiosity rover, which successfully landed on Mars in August 2012 and continues beaming back images and data. Before that, he held positions on the Mars Exploration Rover Project (the Spirit and Opportunity rovers), Mars Surveyor Operations Project (including Mars Global Surveyor and Mars ’98) and the Mars Pathfinder mission. Cook took time from his busy schedule to answer questions about his job and some of the projects that he’s been working on: What is your average day like? I'm just moving from one job to the other, so work has been very hectic of late as I learn about my new tasks and try to finish up old ones. In both cases, however, I spend most of my time meeting with project teams to help them make progress towards launch or try to resolve any major problems they have. I also spend a fair amount of time back at NASA headquarters in Washington talking about our projects with senior NASA management.
The team operating NASA’s Curiosity Mars rover uses the Mars Hand Lens Imager (MAHLI) camera on the rover’s arm to check the condition of the wheels at routine intervals. This image of Curiosity’s left-middle and left-rear wheels is part of an inspection set taken on April 18, 2016, during the 1,315th Martian day, or sol, of the rover’s work on Mars. Photo courtesy of NASA/JPL-Caltech/MSSS
to look after all of JPL’s projects, not just the solar system projects. So I'll get more involved in the Earth science and astronomy missions we conduct as well.
Yes, Curiosity is focused on looking for signs of ancient habitable environments on Mars, whereas Spirit and Opportunity were looking to see if liquid water had existed on Mars in the past. All of them were doing geology, but Curiosity can also look for chemical evidence of ancient life. What new information was gathered by Curiosity?
As the deputy and later acting director, I was responsible for overseeing many of JPL's planetary missions including Cassini, Juno, Insight and Europa. Some of these projects are in operations, some are being built and are nearly ready for launch, and others are just in the concept phase where we are coming up with the basic idea and trying to get NASA’s approval to proceed.
Among other things, Curiosity did find evidence of ancient habitable environments. The freshwater lakebed environment analyzed by the rover offered all of the chemical ingredients necessary for life and also a chemical energy source that is used by many microbes on Earth.
The primary focus of the new job is
mission that will take a close-up look at Europa in the next decade. We are also looking at sending a lander to Europa soon after to land and begin exploring for potential life there.
Did the Curiosity rover execute tasks that were different from those performed by Spirit and Opportunity?
What does a deputy director of Solar System Exploration do?
What kinds of challenges will you face in your new position as associate director for flight projects and mission success?
launch in 2020 and carry equipment to obtain samples that potentially may be returned to Earth someday as part of a follow-on mission. Beyond that, we are working on an orbiter
What exciting projects are you looking forward to? Our next mission to Mars will be the InSight lander to investigate the deep interior of the Red Planet. I’m also looking forward to our next Mars rover mission, which will
Santa Clarita resident Richard Cook was responsible for the design, development, launch and operations of the Curiosity Mars rover, which successfully landed on Mars in Aug. 2012. Photo courtesy of NASA/JPL-Caltech/MSSS.
OCTOBER 2016
SANTA CLARITA VALLEY BUSINESS JOURNAL
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Northrop Grumman Exec Offers Potential Suppliers a ‘How To’ Talk By Paul Parcellin SCVBJ Editor
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f you’re a supplier to the aerospace industry, and you want to do business with Northrop Grumman, there are ground rules you need to know. The first is, “Do your homework.� Kevin Mitchell, vice president of global supply chain at Northrop Grumman Aerospace Systems, addressed more than 70 aerospace business leaders at the SCV Aerospace & Defense Coalition (ADC) breakfast Tuesday, and he gave the audience some pointers on becoming a supplier to the company. He told attendees to study up on Northrop Grumman and “become familiar with the company’s products, future priorities and requirements.� To qualify as a potential supplier, Northrop Grumman follows a stringent internal system. A potential supplier should try to build credibility, demonstrate quality products, on-time delivery and proven performance – and know the system. “Always avoid gaming the system by contacting high-level executives,� advised Mitchell. “And never be unprepared.�
business community. “I’m pleased that so many Santa Clarita Valley aerospace businesses got vital information about their supply chain needs,â€? she said. “The wide range of companies (in attendance) is representative of the strength and diversity of the local business community.â€? To learn how to join 800-strong Northrop Grumman suppliers and obtain a copy of Kevin Mitchell’s presentation, contact Sue Arellano, business assistance manager at SCVEDC, at SueArellano@scvedc.org. ď Ž This article was previously published in the Santa Clarita Valley Signal on Sept. 17
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Strong supply base As a Northrop Grumman executive responsible for developing and maintaining a strong supply base for aerospace systems products, Mitchell is in a unique position to counsel businesses that want to work with the company. The company’s global supply chain comprises subcontracts, procurement, pricing and estimating, transportation, kitting and production support. Mitchell explained that potential suppliers can input their company information into Northrop Grumman’s database. He added that it helps to check with the company’s Global Supplier Diversity Office, which can advise suppliers on potential subcontract opportunities. The presentation, “Building a Stronger Supplier Partnership,� was sponsored by the Santa Clarita Valley Economic Development Corporation. In addition to covering how to become a Northrop Grumman supplier, the presentation included topics such as the aerospace and defense giant’s strategic sourcing objectives, its global supplier diversity program, supplier qualification and ranking, and the company’s focused growth opportunities.
Small Business Opportunities While Northrop Grumman is by all standards a large company, that doesn’t exclude small businesses from becoming suppliers. A statutory requirement ensures that 23 percent of Northrop Grumman contracts are awarded to small businesses. As a result, the company welcomes participation of different types of small businesses, especially those in the categories of service-disabled veteran-owned businesses and historically under-utilized businesses zones. Another tidbit of information presented to the group: the company ranks its suppliers, and it’s beneficial to move up the ladder. Among more than 800 suppliers, 8 percent have achieved the top Platinum Preferred status and another 7 percent are ranked as Platinum suppliers. From a strategic perspective, the company is driving more business toward those who have achieved these two top levels. Holly Schroeder, president and CEO of the Santa Clarita Valley Economic Development Corporation, noted that Mitchell’s talk generated a lot of interest in the local
ď Ž More than 70 local aerospace business leaders attended the ADC breakfast. Courtesy photo.
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SANTA CLARITA VALLEY BUSINESS JOURNAL
OCTOBER 2016
Manufacturing Day Organizers Aim to Educate L.A. County is still the most Students, Eliminate a Stigma productive county in the country By Paul Parcellin SCVBJ Editor
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hen students and recent grads think about careers, they may not consider the manufacturing field as a likely place to find employment. Many of us take for granted that everything is made in China, Vietnam and Mexico. But, in fact, the United States is second to China in manufacturing and produces as much as the next three nations – Japan,
“
Kicking off the day’s for manufacturing.” events is a panel discusHolly Schroeder, sion with representaPresident and CEO, SCV Economic Development Corporation tives from a range of industries – aerospace, Among the guest panelists participating biomedical devices and auto parts among them. Topics will include in the discussion is Monte Lunde, principal, jobs in today’s manufacturing world, skills president and CEO of Technifex in Valencia. required, career paths and earnings potential. The company specializes in concept design, The panel will entertain questions from the engineering and fabrication of show and enaudience, and a portion of a new documen- tertainment systems, permanent iconic featary film will be shown. tures and simulation training environments.
Germany and South Korea – combined. Locally, manufacturing is a lot stronger than many people might believe. “L.A. County is still the most productive county in the country for manufacturing,” said Holly Schroeder, president and CEO of the SCV Economic Development Corporation. “We’re bucking the trend.” This year, Manufacturing Day, on Oct. 6-7 will help spread the news about manufacturing and perhaps help eliminate the stigma associated with the field.
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Although Technifex is a manufacturer, it differs from many others in the field. Rather than produce multiple units, the company creates custom, one-of-a-kind products that require a high level of engineering throughout production. “Because we’re a unique company in a unique industry, finding people that have the specific talents that we require is very challenging” said Lunde. “We have people from peripheral industries, whether it’s aerospace or theater, and we use their talents in the market we service.” Aside from the design and engineering work, the company performs straightforward manufacturing operations, with machinists and weldering machine operators. Lunde advises those interested in working with companies like his own to get as broad an education as possible related to design, engineering and manufacturing. He noted that his engineering department employees work down on the shop floor so they can develop an understanding of what those processes entail. Conversely, employees working on the shop floor are exposed to the design process as much as possible. The idea is to help them build a better understanding of the thought process that goes into developing a design. While a background in machining and CAD work is helpful, the most important qualifications for working at his or similar firms involves an individual’s outlook. “We look for motivated people who are interested in learning and expanding their skill set,” says Lunde. “We can teach people just about anything, but they have to have the right attitude. They have to have a good work ethic.” Manufacturing Day events begin from 6-8 p.m. Thursday Oct. 6, at Santa Clarita Performing Arts Center, College of the Canyons, 26455 Rockwell Canyon Road, Santa Clarita. A manufacturing industry panel discussion will be moderated by “Edge Factor” host Jeremy Bout. On Oct 7, students will take buses from various schools to tour one of a number of sites, including Boston Scientific, National Technical Systems, Crissair, Donaldson Company, RAH Industries, Remo and Stellar Microelectronics. For more information, contact Alison Needham, Santa Clarita Valley Economic Development Corporation, at 661-288-4400, or email alisonneedham@scvedc.org.
OCTOBER 2016
SANTA CLARITA VALLEY BUSINESS JOURNAL
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Startup Weekend SCV Offers a Speedy Way to Jumpstart Your New Tech Firm By Paul Parcellin SCVBJ Editor
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evelopers, designers and business people who attend Startup Weekend SCV will be challenged to come up with a working concept for a new business in just 54 hours. There’s also a chance that they’ll meet future business partners there as well. Santa Clarita native Thomas Beckett, an organizer of the event, said that after graduating from college, he returned to his hometown from Santa Cruz and began to look into business opportunities. “I was just looking to get plugged into the tech community and see what was going on in Santa Clarita,” he said. He met Eric Arndt, who runs SCV Startup, and began going to his meetings regularly. SCV Startup had done a Startup Weekend and it seemed like such a good event for the community. “I got the feeling there were a lot more people interested in this kind of thing, but we didn’t have a big enough forum consolidated for it.” He decided to put together a Startup Weekend. He connected with a couple of other co-organizers, did more research, connected with the organization behind many of these events, Startup Weekend, and they ran their first Startup Weekend last year. This year’s event begins Friday night, Nov. 4, with a social hour. Participants come with an idea, but that’s not necessarily required.
One Minute to Pitch A microphone will be set up in the middle of the room, and those who have a concept they want to test will have 60 seconds to pitch their idea – they’ll be cut off at the oneminute mark. The group will then vote on their favorite idea. Beckett estimates that around 50 ideas will be pitched, and that number will be whittled down to eight to 10. Groups will form and begin working on each idea – you choose which group you want to work with. “Some may come in with an idea and then if their idea isn’t selected, they think the whole weekend is a waste,” said Beckett. “But (by working with others), they may come out with more.”
SCV
A speaker addresses last year’s Startup Weekend SCV. Participants break up into teams, and each will come up with a business plan and a profile of what their respective customers will look like. Courtesy photo.
Teams start brainstorming that night and come back at 9 a.m. the next morning; each will come up with a business plan and a profile of what their respective customers will look like. Mid-day Saturday, coaches and mentors will come in and bounce ideas off teams. “They will have interviewed customers and know what they (customers) want,” said Beckett. “By Sunday morning, each group will have a pretty together idea and will pitch it.” Beckett calls the networking opportunities at Startup Weekends “awesome.” People find out they have interest in the same kind of projects as others at an event or discover that they have skills that someone else could work with to pursue an idea. “The lean startup is prevalent, but it’s interesting to see it actually happening. I studied it in school, but seeing it made me connect all the dots – this is how the modern startup is formed. You create assumptions, you test them and you go talk to people and see if they’ll open their wallet for you.” Beckett said that if they don’t open their wallets, you pivot, or you tweak or whatever.
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Aspiring entrepreneurs exchange ideas and develop a business plan at last year’s Startup Weekend SCV. The Second Annual Startup Weekend takes place Nov. 4-6 at College of the Canyons. Courtesy photo.
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SANTA CLARITA VALLEY BUSINESS JOURNAL
OCTOBER 2016
Bayless Manufacturing Sells Buildings for Reported $12 Million By Paul Parcellin SCVBJ Editor
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ayless Manufacturing Inc., a Valencia metal fabricator and precision machine shop, has sold its two buildings for around $12 million, according to Los Angeles commercial real estate brokerage CBRE Group Inc. Operating in Valencia since 1989, Bayless sold the buildings to Sierra Nevada Investment Group Inc., an industrial real estate investment firm in Los Angeles. Bayless signed a six-year lease with Sierra Nevada as part of the sale-leaseback deal. The buildings, located at 26100 and 26140 Avenue Hall at the corner of Avenue Stanford in the Valencia Industrial Center, were on the market for about six weeks, said Robert Valenziano, a broker with CBRE who represented Bayless with CBRE broker Craig Peters. Craig Lyon of Craig Lyon Commercial and Steve Calhoun at Colliers International represented the buyer. Demand for industrial property of this kind is “extremely strong,” said Valenziano. “It’s a quality building and a quality tenant who has been in business and in the community for a long time – it was competitively sought after.” Directly adjacent to the Interstate 5 Freeway within the Valencia Industrial Center, the structures are two Class A concrete-tilt-up buildings that offer attractive clearance and loading, and also significant power for manufacturing, according to a CBRE statement. The sale was transacted through a managed-bid process, in which a property is presented to capital markets, and brokers educate investors about the property and call for bids. For the seller, the process provides a pool of bidders and allows the property owner to study and compare offers and select the most favorable one. There were around 10 qualified offers from private and institutional investors. A Sierra Nevada statement notes that the
Members of the Bayless Manufacturing Inc. management team in 2011, from left, President Earl Bayless, Controller Andrea McAfee and Vice President Rod Smith, view the company’s assembly and powder-coating facility in the Valencia Industrial Center. Bayless has sold its two buildings to Sierra Nevada Investment Group Inc. and will continue doing business at the location through a saleleaseback deal. Photo by Dan Watson.
Valencia industrial submarket, which has a record low vacancy rate of 1.86 percent, has been one of the strongest in Southern California since the recovery. Vacant space in Valencia, especially for larger buildings, has become very limited and rental rates have been steadily rising to reflect this lack of supply. Demand is expected to continue to outpace supply in the foreseeable future, according to Sierra Nevada.
Valenziano said that a number of factors played a role in the owner’s decision to sell the property, including a desire to invest capital in the company and timing in the market due to the high demand for quality properties. In addition, the lease-back arrangement offers the tenant the ability to continue operating at the present location without having to move. This article was previously published in the Santa Clarita Valley Signal on Aug. 25.
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OCTOBER 2016
SANTA CLARITA VALLEY BUSINESS JOURNAL
Scorpion’s New MultimillionDollar Headquarters in Works By SCVBJ Staff
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corpion is preparing to break ground on its new eco-friendly, employeefocused headquarters, next to the Sunkist building on Entertainment Drive. The internet marketing firm is hoping to help establish the Santa Clarita Valley as an important tech hub, the firm said in a statement. Building in Santa Clarita affords the proximity of the downtown Los Angeles and Hollywood metropolitan areas while maintaining affordable housing and a family-friendly lifestyle for employees, the company said. “We chose Santa Clarita Valley as our permanent home because our employees live and thrive here, and we see it shaping into the epicenter of a tech hub that spreads across Los Angeles County,” Scorpion CEO and founder Rustin Kretz said in a statement. The company had been looking for the right property for a couple years, it’s Chief Financial Officer Matthew Shepherd told the SCVBJ in an earlier story. Scorpion operates out of six different office suites in two different buildings on Avenue Stanford – a setup that is not ideal for collaboration, he said. Scorpion’s growth in recent years is an
example of the “good, quality jobs that Los Angeles County needs to support,” Supervisor Michael D. Antonovich said in a statement. “That growth led Scorpion to make the commitment to invest in the Santa Clarita Valley for its future, and we are pleased to have this innovative company as part of the Santa Clarita business community,” Antonovich said. Designs for the new building include a focus on employee well-being and innovation via large, open creative spaces, fitness centers, natural lighting, indoor game centers and a fully equipped dining facility. In addition to focusing on the interior space needs, Scorpion is also looking at whether to incorporate solar panels across their parking lot, install electric car charging stations and provide similar ecofriendly assets. The company also plans to achieve LEED building certification. “Scorpion’s plans to expand in Santa Clarita will further solidify our city as an up-and-coming tech center,” said Holly Schroeder, president and CEO of the SCV Economic Development Corp. A formal groundbreaking ceremony will take place shortly, once designs and official building plans are finalized. Scorpion and its development partners are working closely to meet a Q3 2017 completion date.
SCVEDC recognizes the leadership shaping our local economy.
TAMARA GURNEY Member Board of Directors
TAMARA GURNEY began her career in Community Banking in 1980 when she began work at the American Pacific State Bank as the Executive Assistant to the President. When American Pacific State Bank was sold (20 years later) Tamara was Executive Vice President and Chief Operating Officer. Today, she is founding President and Chief Executive Officer of Mission Valley Bank, a $300 million dollar community-based business bank, which opened in 2001 with $6 million in initial capital in a triple wide trailer. This summer was Mission Valley Bank’s 15th Anniversary serving the financial needs of the Santa Clarita and San Fernando Valley area business communities. Today Mission Valley Bank’s two branches (and Specialized Lending and Accounts Receivable Divisions) serve more than 3,000 clients throughout the SFV and SCV. Tamara has been recognized by the San Fernando Valley Business Journal as “The Valley’s Most Trusted Advisor” and she has received the “Trail Blazer Award.” She serves on the boards of several non-profit and professional organizations. Regional leadership for a regional economy.
www.stillgolden.org
SCVEDC recognizes the leadership shaping our local economy.
JASON & KEITH RENNO Members Board of Directors
JASON AND KEITH RENNO
The lobby for a new Scorpion corporate headquarters in the Santa Clarita Valley. Courtesy Rendering.
Poole & Shaffery Opens San Diego Satellite Office
S
anta Clarita-based law firm Poole
prospective clients with their business
& Shaffery LLP has opened a San
transaction and litigation needs.”
Diego office in that city’s down-
The firm provides representation in
town area. It is the firm’s sixth office in
litigation, business counseling, transac-
addition to its Santa Clarita, Los Angeles, San Francisco, Orange County and Walnut Creek locations. “San Diego is the third busiest market in California for civil lawsuits,” said
tional services, arbitration and mediation, and a range of other legal services. “As defense attorneys, our firm continues to experience growth within the areas
John Shaffery, co-founder of Poole &
we serve, and Poole & Shaffery is aggres-
Shaffery, in a statement. “By opening an
sively adding highly-talented legal pro-
office in the San Diego area, we are bet-
fessionals to our team and new offices to
ter positioned to serve our existing and
accommodate demand,” said Shaffery.
(The Renno Team) have cultivated a tremendous depth of experience and knowledge through their 25+ collective years in the mortgage industry. Whether a purchase or a refinance, they strive to ensure the loan process runs efficiently and smoothly. Their concentration on client comfort and communication is what truly sets them apart from the competition. Ultimately, this focus on customer service not only leads to satisfied clients with closed loans in the short term, but also promotes long-term financial success and partnerships. Furthermore, as part of a nationally chartered bank, Wintrust Mortgage provides The Renno Team with the rates, programs, support, and infrastructure necessary to tailor financial plans specific to clients’ needs. These services and the ability to lend in all 50 states have given them the opportunity to expand their commitment to client satisfaction. Because The Renno Team’s business depends on referrals, the happiness of their clients is integral to their success. Therefore, they always have the customers’ best interests at heart and make every effort to build lasting relationships with each client.
Regional leadership for a regional economy.
www.stillgolden.org
15
16
SANTA CLARITA VALLEY BUSINESS JOURNAL
OCTOBER 2016
CONGRATULATIONS TO THE 2016 WINNERS
“51”
This year, 51 has been divided into 10 categories with 5 winners in each category. Number 1 was selected from all category nominees.
and #1 of 51 is . . .
KEN WISEMAN
Reaching out to the community has earned Wiseman, 65, this year’s No. 1 spot on The Signal’s annual “51” list of community leaders. “Ken Wiseman is an example of a person who is constantly working for the betterment of his community in all aspects of his life including his business,” said Signal Multimedia Vice President and Editor Jason Schaff.
EMERGING LEADERS Taylor Kellstrom Andrew Taban William Sloan Don Kimball Jane E. Bettencourt-Soto
VOLUNTEERISM UNSUNG HEROES Rhona Jukes Betty Peters Judy Penman Mike Lebecki Jeannie Carpenter
NON-PROFITS Cheryl Jones Martin Rodriguez Amy Daniels Denise Tomey Redmond Tami Tetreault Edwards
ECONOMIC DEVELOPMENT Mitzi Like Nancy Starczyk Sue Arellano Phil Hart Adam Gilbert
BUSINESS Sue Nevius Michael MacDonald Curtis Woods Steve Cassulo Jon Georgio
HOSPITALITY PHILANTHROPY Rob and Laina McFerren Eve Bushman Steve Youlious Juan Alonso Brian O’Connor
HEALTH CARE
TECHNOLOGY
GOVERNMENT
EDUCATION
Dr. Stephen Nathanson Philip Solomon Dr. Roscoe Marter Terry Bucknall Dr. Rebecca Patterson-Judd
Bill Momary Scott Capistrano Anya Smilanick Jeffery Kretz Jeremy Stepan
Vanessa Wilk Daryl Osby Frank Oviedo Charles Heffernan Shirley Miller
Vicki Engbrecht Eric Harnish Julie Visner Linda Storli-Koontz Megan Howell
Awards Event is scheduled for October 27 at the Hyatt Regency, Valencia • 5:30 - 9:30 p.m. Winners are guests of The Signal. Friends, families and colleagues $65 each. Top 51 Alumni $55 each.
To purchase tickets go to
Winners, please reserve your sea ts using promo cod e
51WINNER
OCTOBER 2016
SANTA CLARITA VALLEY BUSINESS JOURNAL
Despite Claims to the Contrary, California Still Good for Business By Steve Tannehill
T
his is part 1 in a three-part series exploring the myths and facts about the climate for business in California. No doubt you’ve heard it said that “California is unfriendly to business,” or that “Businesses are fleeing California for Texas and Arizona.” Certainly you’ll hear it more during election season when groups like the NBIA or candidates state these “facts” and argue for a two part cure: lower taxes and fewer regulations. While I generally subscribe to the view that one shouldn’t let facts get in the way of a good story, when it comes to the economy, we can’t afford to make that mistake. And the facts tell a different story: “California tops other states in job growth” (L.A. Times 3/22/15). “California gained 498,000 new jobs (last year), almost 30 percent more than the Lone Star State's total of 392,900 … Florida came in third with 274,100 new jobs …” Not only did California create more jobs than any other state, it created almost 1/3 more jobs than number 2, Texas, and almost two times as many jobs as number 3, Florida. “California economy surges to #6 in the world” (Sacramento Bee 6/14/16). “Riding the latest high-tech boom and an overall statewide surge, California has leapfrogged France and Brazil to become the world’s sixth-largest economy … up from number 8 the year before.” “California economic recovery leads nation” (SF Business Times 9/12/13) “California … is leading the nation in recovery, according to the UCLA Anderson Forecast released Thursday. The report says California will continue to outpace the country in job growth over the next few years.” When you look at the actual macro economic data the conclusion is clear: California has one of the best, most robust business climates not just in the country, but in the
world. A recent study from Beacon and Next 10, a public policy research group, found that “California has spawned new businesses at one of the fastest rates in the nation over the last decade, and faster than the U.S. economy overall … The state is also a leader in job creation tied to those new businesses: In 2013, California added jobs from newly established businesses faster than all but four other states.” It’s a shibboleth amongst certain groups and politicians to claim that “California is losing businesses to other states with lower costs / lower taxes / laxer regulations.” But let’s look not at anecdotal evidence, but rather at the whole picture. A simple question – what percent of businesses in California that disappear in a year do so due to relocations to other states? 20 percent? 25 percent? Would you believe the answer is less than 1 percent? And would you further believe this is in line with the average for all states? That’s at odds with what you’ve been led to believe, no doubt – but it’s true. Now it’s certainly the case that across many dimensions it is more expensive to operate in California than say Texas; and there are more regulations. So how is it that we are creating more jobs and more new businesses than states such as Texas, and that each year, more companies are moving into, and expanding, in California than are leaving it? The answer lies in understanding the California business value proposition – which is that the quality, quantity and value of resources available in California to build and grow your business far exceed those available in other states, and the market that results from that robust economy far exceed that found in other states. More on the California Business Value Proposition in Part 2 of this 3 Part Series. Steve Tannehill is a former adjunct professor of finance at California State University, Northridge, and served as the executive director of the Small Business Development Center at College of the Canyons.
Lost Canyon Apartments Sold for $61 Million The Townhomes at Lost Canyon, an apartment complex in Santa Clarita, has sold for $61 million, according to its buyer, Beverly Hills real estate investor KennedyWilson Holdings Inc. The company bought the complex at 18179 W. Terra Verde Place for $388,535 per unit. The seller was Resmark Cos., which bought the complex in 2013 for an undisclosed price. CBRE Capital Markets’ Debt & Structured Finance team secured $43 million of debt financing for the acquisition of the property. CBRE Vice Chairman Brian Eisendrath, Vice President Brandon Smith, and senior associate Annie Rice at CBRE’s Century
City office arranged the 10-year fixed rate loan through Fannie Mae at a rate of 3.63 percent on behalf of the buyer. CBRE noted that the Santa Clarita Valley is recognized as a thriving center for highpaying industry clusters such as advanced manufacturing, medical devices, aerospace and defense, information technology and digital media and entertainment. The property was built in 2013 and consists of 157 two-story apartments situated on 12.5 acres, each with three bedrooms, two-and-a-half bathrooms and two-car garages. The complex has a pool, spa, fitness center, dog park and children’s playground.
SCVEDC recognizes the leadership shaping our local economy.
WILLIAM MURRAY Member Board of Directors
WILLIAM MURRAY is a Vice President and Portfolio Manager with the Wells Fargo Greater Los Angeles Valley Regional Commercial Banking Office (“RCBO”), located in Woodland Hills, CA, servicing the San Fernando and Santa Clarita Valleys. In his position, William manages a portfolio of middle-market and large corporate companies, both private and publicly traded, across a wide variety of industries, including consumer and retail, manufacturing, distribution, asset management, real estate, healthcare and staffing. William delivers a comprehensive suite of Banking and financial products and services to his clients. William first joined Wells Fargo in 2011 and has over 30 years of experience in middle-market and large corporate banking. William earned an Honors Bachelor of Commerce Degree, with an emphasis in accounting from Lakehead University. Regional leadership for a regional economy.
www.stillgolden.org
SCVEDC recognizes the leadership shaping our local economy.
JAMES COMBS
Member Board of Directors
JAMES COMBS has had a wide range of
experience in both building types and areas of design and management during the last 40 years of his professional practice as an architect. As a founding partner of Combs + Miguel Architecture, James has been in charge of the management and design of many notable projects in Santa Clarita including the medical offices at Henry Mayo Newhall Hospital, Santa Clarita Studios Post Production Office, and 84 units for Habitat for Humanity, Habitat for Heroes. Previously, James was a design director for Leo A. Daly, Architecture Engineering Planning Interiors. His work has received awards from the American Institute of Architects, as well as various civic and trade organizations. Presently, he is a member of the San Fernando Chapter of the American Institute of Architects, where he has received a Presidential Citation and Certificate of Appreciation from the Los Angeles Chapter as Chairman of the Library Committee.
Regional leadership for a regional economy.
www.stillgolden.org
17
18
SANTA CLARITA VALLEY BUSINESS JOURNAL
OCTOBER 2016
Appointments
Heather A. Harbo
Michael Hale
Jahun Smith
Appointed: Shareholder, Condie, Thomas & Harbo CPAs Formerly: Already a member of the firm since 2001
Appointed: Mechanix Wear Chief Executive Officer Formerly: Already a member of the firm since 2005
Appointed: Mission Valley Bank Senior Vice President and Regional Sales Manager Formerly: Already a member of the firm since 2007
Roy Fisher
Eva Graham
Richard Cook
Appointed: Mission Valley Bank Senior Vice President and Operations Administrator Formerly: Already a member of the firm since 2014
Appointed: Institute Diversity Officer at California Institute of the Arts Formerly: Director of the Center for Diversity at California Institute of Technology
Appointed: Associate Director for Flight Projects and Mission Success of NASA’s Jet Propulsion Laboratory, Pasadena Formerly: Already a member of the organization since 1989
Submit Hirings, Appointments and Promotions to scvbj@signalscv.com with “SCVBJ Appointments” in the Subject line.
How the Santa Clarita Valley Can Participate in the U.S. Manufacturing Boom
By Holly Schroeder
S
ince the Santa Clarita Valley Economic Development Corporation was formed over six years ago, it has helped bring thousands of new jobs to the Santa Clarita Valley. We help recruit companies to the SCV, especially companies seeking a more business friendly environment who are at risk of moving out of
state. We also help local companies solve problems and access incentives like workforce training programs and tax credits. Job growth in the Santa Clarita Valley outpaces statewide job growth, and in recent years has outpaced residential construction, creating a jobs:housing ratio that is now nearly balanced. With new industrial construction underway, we have the opportunity to locate even more jobs here in the next several years. So what’s the biggest obstacle to attracting more businesses to the Santa Clarita Valley? The reality is, many large employers have deep misperceptions about the SCV, and think that their growth prospects are stronger in other parts of L.A. County. In my experience, these misunderstandings revolved around a dated perception of the SCV – that the SCV is a small, bedroom community with no significant industry. The fact is that the City of Santa Clarita is now the third largest city in LA County, 18th largest in the state, and soon to be one of the 100 largest cities in the country. The SCV boasts nearly 30 million square feet of office and industrial space – that is space dedicated to manufacturing, filming, distribution and professional services that grow
our economy. The vast majority of this space is in master-planned business parks, largely developed by Newhall Land as part of the Valencia master plan, providing the modern amenities that companies require today. Another fact is that the Santa Clarita Valley will continue to grow, both in jobs and in population. The Southern California Association of Governments, the regional planning organization that looks at demographic and economic trends across Southern California, predicts that the region will grow to 22 million people by 2040, an increase of nearly four million people. The Santa Clarita Valley is expected to grow from its current population of 290,000 to approximately 400,000-450,000. To me this is exciting. I believe this growth can and will be not only the solution to the misperceptions of our image but the great promise of our future. SCV’s growth is the key to continue to grow jobs while the population grows. I think that the Santa Clarita Valley can demonstrate how to grow in the most strategic, innovative and resource efficient manner possible. The SCV should drive innovation in how communities are designed,
developed, and built. Our growth can produce the smartest communities ever, deepening the quality of life we value so deeply. The Santa Clarita Valley can become an example of the best way to grow. Communities across the country are experimenting with new technologies, including innovations in water recycling, smart transportation networks, app-driven community services, digital civic centers and pollution control. But no place has the opportunities of the Santa Clarita Valley, which is positioned to absorb most of the population growth expected in Los Angeles County. We can steer the direction of these innovations, and bring the companies and jobs creating them to the Santa Clarita Valley. Holly Schroeder is President & CEO of the Santa Clarita Valley Economic Development Corporation, a public/private partnership leading the region’s approach to economic development. SCVEDC’s mission is to support the creation of high paying jobs, to stimulate economic growth, and to strategically position the Santa Clarita Valley and its businesses to compete in the global economy. Lear more at stillgoldern.com.
ADVERTISING SUPPLEMENT OCTOBER 2016
SANTA CLARITA VALLEY BUSINESS JOURNAL
19
National Cyber Security Awareness Month:
The Best Defense is a Strong Offense By Marianne Cederlind Executive Vice President and Chief Business Banking Officer Mission Valley Bank
N
ow marking its 13th year, National Cyber Security Awareness Month is celebrated every October as a collaborative effort between government and industry to ensure individuals and businesses have the resources they need to stay safer and more secure online. Since its inception under leadership from the U.S. Department of Homeland Security and the National Cyber Security Alliance, the month-long effort has grown exponentially, reaching consumers, small and medium-sized businesses, corporations, educational institutions and young people across the nation, according to StaySafeOnline.org. Cybercriminals target small businesses with ever-increasingly sophisticated attacks. Spoofed emails, malicious software and online social networks to obtain login credentials to
businesses’ accounts, transfer funds from the accounts and steal private information are on the rise. Hard to detect are social engineering attacks that use human interaction to obtain or compromise information about an organization or its computer systems. An attacker may use their social skills to claim to be a new employee, repair person, or researcher and can even offer credentials to support that false identity. By asking questions, they may piece together enough information to infiltrate an organization’s computer network. If not enough information from one source is revealed, the attacker may contact another source within the same organization and rely on the information from the first source to add credibility. Phishing is a form of social engineering by using email or malicious websites to solicit personal information by posing as a trustworthy organization. Corporate account takeovers – a type of fraud where thieves gain access to a business’ finances to make unauthorized transactions – creates havoc and loss. Funds may be transferred from the company, new fake employees
created and added to payroll, and sensitive customer information that may not be recoverable can be stolen. Because cyber-crime can devastate any small business, the best defense is a strong offense. Start with a secure IT environment that includes up-to-date anti-virus programs, antispyware programs, firewalls and strong passwords that are changed frequently. However, strong IT infrastructure and internal controls are not enough; employee education is key. Hackers seek weaknesses, such as unwitting employees that may fall for one of the countless social-engineering scams. Employees need to understand that the company takes cyber security very seriously. By taking the necessary steps to continually educate staff members on safe Internet and email practices, a business decreases its vulnerability to cyber-crime. If you believe someone in your organization might have revealed sensitive information, report it to the appropriate people within the organization, including network administrators so they can be alert for any suspicious or unusual activity. Immediately change passwords
that might have been revealed. If the same password is used for multiple resources, change it for each account and do not use that password in the future. Watch for other signs of identity theft. Combating account takeover is a shared responsibility between businesses and financial institutions. Bankers can explain the safeguards small businesses need and the numerous programs available that help ensure fund transfers, payroll requests and withdrawals are legitimate and accurate. In addition to constant internal education, Mission Valley Bank works with clients to establish and explain safeguards small businesses need to protect themselves with online activity. Mission Valley Bank is a locally-owned, full service community business bank headquartered in Sun Valley, California with a business banking office in Santa Clarita. Marianne Cederlind was named “Most Trusted Advisor -- Business Banking” in 2012 and can be reached at (818) 394-2300. For more information visit www. MissionValleyBank.com.
The Art of Correctly Classifying Workers By Brian E. Koegle
O
n a clear and beautiful afternoon, Mom, the owner of Mom’s Delicious Pies (the names have been changed to protect the innocent) decided to hire her nextdoor neighbor, Susie, to do some marketing, outside sales and advertising for the pie shop. Susie was a stay-at-home mom who worked about 10-12 hours per week from home and was just looking to make some extra spending cash. Mom’s Delicious Pies’ human resources director, Dad, told Susie that the company would cut her a check every week for the hours she worked and would “1099” her at the end of the year. That way, Susie could take care of the appropriate state and federal taxes on her own at year-end and Dad could avoid the paperwork and hassle of designating her as an “employee.” Dad thought Susie was an independent contractor. Unfortunately, Dad didn’t consult with his friendly, neighborhood employment attorney before making this decision. The California Employment Development Department (EDD), without any prompting or complaint, audited Mom’s Delicious Pies and determined that Susie had been misclassified as an independent contractor. The EDD determined that Susie should have been an employee. Dad was fired. Mom’s Delicious Pies paid a hefty fine and faced a nightmare with the IRS and the California Franchise Tax Board. So where did Mom’s go wrong? The Internal Revenue Service uses a 20-point test to determine if a worker is an “independent contractor.” As such, when determining a worker’s classification, business owners will be asked the following questions to determine whether the worker in question is an employee or independent contractor: • Whether the employer can fire the worker “at will”; • Whether the worker is engaged in a distinct occupation or business; • Whether the work is usually done under the direction of the employer or by the worker without supervision; • Whether the worker requires any training, including attending meetings and working closely with experienced employees; • The level of skill required in a particular occupation; • Whether the worker can set his/her own
hours of work; • Whether the level of effort requires a fulltime devotion; • Whether the work requires a specific sequence of activities; • Whether the worker supplies his own instrumentalities, tools or work space; • The length of time for which the services are to be performed; • The method of payment, either by the time or a flat-rate paid per job; • Whether the work is integrated as a part of the “regular business” conducted by the employer; • Whether the parties believe they were creating an employer-employee relationship; • Whether the worker received reimbursements for business or travel-related expenses; • Whether the classification as an independent contractor is bona fide, and not a “subterfuge” to allow the employer to avoid designating the worker as an employee; • Whether the worker holds himself out as having his own business and/or business license; • Whether the worker is required to render services personally; • Whether the worker has employees of his/ her own; • The worker’s opportunity for profit or loss depending on his/her managerial skills; and, • Whether the services provided are “an integral part of the employer’s business.” When determining whether a worker is an independent contractor or an employee, the EDD (or the court, if a lawsuit is filed) will look at the totality of the answers to the questions above. There is no single question that is determinative, one way or another, on the issue of classification. However, all of the categories above basically boil down to how much control the business exercises over the work being performed. The higher the degree of control, the more likely the worker will be classified as an employee, rather than an independent contractor. Unfortunately, even though there is an objective measurement applied, many times the decision on classification becomes quite subjective depending on who is evaluating the factors. As such, while an employer may believe they are on the right side of the balancing test, ultimately it is an auditor or a jury who will determine whether the scales tip in favor or against the business. While employee classification is clearly not an exact science, an employer can take
steps to minimize its potential liability for misclassifying its workers by consulting an employment attorney. A brief review of the worker’s job duties, the employer’s oversight abilities and the general type of business conducted by the employer will assist an attorney in making an informed decision and will allow the employer to recognize the potentially expensive risks
associated with misclassifying workers as independent contractors rather than as employees. Brian E. Koegle is the partner in charge of the employment and labor law department of Poole & Shaffery, LLP., www.pooleshaffery.com. Contact the Los Angeles business attorneys at Poole & Shaffery, LLP, an AV® Rated firm, for the effective business law representation you deserve.
SCVEDC recognizes the leadership shaping our local economy.
RANDY STABLER Member Board of Directors
RANDY STABLER is President and co-owner of Pride Collision Centers, Inc. which opened its first location in Sherman Oaks, CA in 1983. Today, Pride operates seven state-of-the-art collision repair facilities and a retail estimating center with 180 employees. Born and raised in the San Fernando Valley, Randy started the business with his current partner Robert Turchan. Randy and Robert have maintained a friendship that dates back to 1966 when they were 1st grade classmates. From humble beginnings, repairing vehicles in a two car garage, they turned their love of cars and craftsmanship into a successful multi-location enterprise. Randy is also a passionate supporter in the community in which he lives and works. As a resident of Santa Clarita since 1987, Randy serves on the board of the Santa Clarita Economic Development Corporation and has been a long time supporter of the Henry Mayo Newhall Hospital, College of the Canyons, the Boys and Girls Club and others. Randy is happily married and has two very spoiled dogs, and he enjoys golfing, flying, off road motorcycling and travel with his wife Cheryl. Regional leadership for a regional economy.
www.stillgolden.org
20
SANTA CLARITA VALLEY BUSINESS JOURNAL
OCTOBER 2016
Real Clear Business Advice BUSINESS CONSULTING Ken Keller
SCVBJ
S
elf-inflicted wounds are often the cause of many serious problems in a business. Here are some of the most common ways business owners create their own barriers to growth and success. 1. Failure to address long-term underperforming managers and employees. Because there is often no formal performance appraisal system tracking if someone is improving in their job or not, people who should be exited from a business are kept on. Under performance and even bad behavior is ignored, and everyone hopes it will disappear, but it never does; it gets repeated and often escalates. But because these instances are never formally documented, the company suffers because the core issues of people and performance are never addressed. 2. No written business plan or having a business plan and not using it. Owners tend to be dreamers. They like operating without plans, which they find constraining. Owners like being able to do whatever feels right, natural or perfect for the moment. This constant change in direction drives those around them nuts. Research suggests that businesses with written plans tracking progress monthly or even more frequently are more successful than those that do not. 3. Ignoring the requirement in today’s competitive market to have a learning
THE LIST
Getting Out Of Your Own Way 15 ways owners sabotage their own success
organization. Owners who do not invest in themselves or their people simply fall further behind the competition. 4. Being a “know it all.” Owners can believe they are the smartest people in the room, and on some subjects, they are. But in their own businesses, owners don’t know everything that is going on but with an attitude that they know more than everyone else, disaster is almost a certainty. 5. Slow decision making processes. In many companies, anyone can say no to any idea and that kills it. Passive-aggressive resistance is the most common form of terminating an idea. The owner is the one who can say “yes.” Both are roadblocks to being able to respond to challenges and opportunities quickly. 6. The owner insisting on total control of every aspect of the business; another recipe for disaster. 7. Lack of time spent just walking around. Owners tend to spend their time in their office or in meetings and seldom spend enough time with front line employees. The disconnection between the strategic and tactical, day to day operation creates a wall that should never exist. 8. Separation from customers. Too much time internally focused means losing touch with the external sources of revenue, cash flow and profits critical to survival and growth.
9. Treating business partners like vendors with all decisions based on price. The tendency to buy on price and not quality, service or capability usually causes ill will between business partners. Owners need to ensure that purchases are made from a holistic perspective and not just on price. Long after the low price is forgotten the poor quality will be remembered. 10. Keeping employees in the dark about how the company is performing. Employees want to know the score. They want to know what is happening, what will happen and how can they make a contribution to success. If employees do not know how the company is doing, they will create or pass along rumors and create their own version of reality. Owners need to know that rumors in lieu of the truth can and will kill the morale of the very people they need help from. 11. Failure to work on the business model. This threat exists for every business yet not enough owners are looking ahead to see what can happen in their industry. 12. Not hiring the best. Owners don’t understand that one “A” player is worth three to five “C” players. What these owners do is settle for warm bodies focused on the wrong criteria: salary. Top talent costs more because top talent delivers more. 13. Allowing the people hired do the job
they were hired to do. Owners that micromanage and do not allow people to secure results without being second guessed, interfering, and making every decision along the way. Nothing kills motivation faster. There is nothing more discouraging than working for an owner who knows it all and lets the employees know it at every opportunity. This will drive away top talent from a company. 14. In golf, it’s “drive for show and putt for dough.” Owners that measure business success by growing revenue (the drive) need to understand that what really matters is profitability. The smartest owners teach their employees how to improve profitability. 15. Appearances matter. The behavior of the owner needs to be consistent with the values and message that is being given to employees, clients and business partners. Taking long vacations and driving new cars doesn’t go over well when employees haven’t had raises and vendors are being stretched out on payments. Ken Keller is the CEO of Strategic Advisory Boards. Strategic Advisory Boards guides leaders to their desired future through use of peer perspective, best business practices and leadership tools while reducing risk and unnecessary expense. For a complimentary leadership assessment, please visit www.strategicadvisoryboards.com/. Keller’s column reflects his own views and not necessarily those of The SCVBJ.
Fastest Growing SCV Companies (Listed by Inc. Ranking) Year Estab.
Industry
Located
Inc. Rank
# of Years on List
Scorpion
2001
Internet Marketing
Valencia
1402
5
272%
$73.3 M
scorpion.co
KRG Technologies
2003
IT Services
Valencia
1656
0
226%
$53 M
krgtech.com
AMG & Associates
2006
Construction
Santa Clarita
2635
5
134%
$39 M
amgassociatesinc.com
Dazadi
2002
Retail
Santa Clarita
2882
5
120%
$16.1 M
dazadi.com
Landscape Development
1983
Construction
Valencia
3091
0
110%
$45.2 M
landscapedevelopment.com
n/a
MedTech Solutions
Valencia
4270
63%
$6.3 M
medtechsolutions.com
Company
MTS Healthcare*
3-Year growth Revenue
Website
*MTS Healthcare is relocated to Santa Clarita from Pasadena in September.
Source: Editors of Inc. Magazine
24
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scvbj.com
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OCTOBER 2016
THE LIST Rank
Firm
1
Poole & Shaffery, LLP
SANTA CLARITA VALLEY BUSINESS JOURNAL
21
Largest Law Firms (Listed by Size of Firm) 2015 # Attys
2016 # Attys
2015 Full-time support staff
2016 Full-time support staff
Area of practice
Business Litigation; Business Transactions; Employment Counseling; Employment Litigation; Construction Law; Intellectual Property; Real Estate Disputes; Arbitration; Land Use and Government Affairs; Family Owned Business Counseling; OSHA Compliance; Environmental Law; Non Profit and Tax Exempt Organizations; Premises Liability; Product Liability and Professional Liability
18
3 paralegal 5 Total
2
Reape-Rickett Law Firm
10
7 paralegals 9 Total
3
Donahoe & Young, LLP
7
7 Total
4
Owen Patterson and Owen
5
5 paralegals 15 Total
5
The Law Offices of L. Rob Werner
4
5 paralegals 9 Total
6
The Law Offices of Wax and Wax
4
2 paralegals 9 Total
Workers comp, Social Security
7
Law offices of C. Ray Carlson
4
3 paralegals 5 Total
Personal Injury, Litigation
8
The Bridgeford Law Office
3
2 paralegals 4 Total
Certified specialist workers compensation
9
Diamond & Associates
3
4 Total
10
McDowell Odom LLP
3
1 paralegal 3 Total
11
Hinson Gravelle & Adair LLP
3
3 Total
12
Markson Pico LLP
3
13
McNamara Law Firm
3
2 Total
Compensation
Retainer or hourly
Top local executive
Contact info
1998
John Shaffery Managing Partner
25350 Magic Mountain Pkwy. 2nd Floor, Santa Clarita 661-290-2991 www.pooleshaffery.com
25152 Springfield Ct., Suite 100, Valencia 661-288-1000 www.divorcedigest.com
Family, divorce
Hourly
1992
James Reape Senior Managing Partner
Bankruptcy
Depends
1979
Mark Young Attorney
25152 Springfield Ct. #345, Valencia 661-259-9000 www.donahoeyoung.com
1977
Richard A. Patterson, Esq. Greg Owen, Esq. Susan Owen, Esq.
23822 W. Valencia Blvd. #20, Valencia 661-799-3899 • www.opolaw.com opolawrap@yahoo.com
1975
L Rob Werner
27257 1/2 Camp Plenty Rd. Canyon Country 661-735-4986 • www.wernerlawca.com
Gordon Lee Office Manager
27201 Tourney Rd. #200B, Valencia 661-255-9585 www.waxlawfirm.com
1984
Ray Carlson
27951 Smyth Drive, Suite 101, Valencia 661-294-0044 • www.craycarlson.com
1999
Mark Bridgeford
27200 Tourney Rd. #275, Valencia 661-775-9300 www.bridgefordlaw.com
2001
Mr. David Diamond
28005 Smyth Dr. #190, Valencia 661-295-4646 www.losangeles-criminalattorney.com 28494 Westinghouse Place, Ste 305, Valencia 661-449-9630 www.mcdowellodom.com
Personal Injury
Criminal defense, family law, wills, trusts and probate, civil and personal injury litigation, contracts and negotiations, bankruptcy, business and corporate, landlord/tenant
Criminal defense, personal injury, restraining orders, law enforcement
1 support staff
Year est.
Varies
Depends
Retainer or hourly
Business, corporate transactions, estate planning
Hourly, flat rate
2010
Claudia McDowell and M. Lisa Odom Partners
Environmental law, litigation, alternative dispute resolution
Hourly, retainer, depends
2002
3 equal partners
28470 Ave. Stanford #350, Valencia 661-294-0111 www.hinsongravelle.com
Employment, business litigation, personal injury
Depends
Brett Markson and Timothy Pico Attorneys
27240 Turnberry Ln. #200, Valencia 661-775-0877 www.marksonpico.com
"Elder law, estate planning life care planning"
Retainer or hourly
Jane McNamara Attorney
28212 Kelly Johnson Pkwy. #110, Valencia 661-287-3260 www.janemcnamara.com
Retainer or hourly
2010
April Oliver & Paulette Gharibian
25350 Magic Mountain Pkwy. #240, Valencia 661-254-4100 www.gocallaw.com
Hourly
1996
Mr. Carl Kanowsky Senior Partner
26481 Summit Cir., Santa Clarita 661-290-2656 www.kanowskylaw.com
2
2 paralegals 6 Total
14
Gharibian & Oliver Attorneys
2
2 paralegals 3 Total
Family
15
Kanowsky and Associates
2
1 paralegal 2 Total
Business, real estate
22
SANTA CLARITA VALLEY BUSINESS JOURNAL
OCTOBER 2016
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
Your One-Stop Resource Center for Business Attraction and Business Assistance
A
s an organization exemplifying private and public partnership, the Santa Clarita Valley Economic Development Corporation (SCVEDC) assists in helping both outside companies relocate to SCV and existing companies to stay and grow.
Business Attraction For companies considering moving to the Santa Clarita Valley as well as their brokers and site selectors, SCVEDC provides consultation and assessment that are professional, unbiased and confidential. James E. Brown, the Business Attraction Manager at SCVEDC has more than 14 years of experience at Newhall Land in a senior management position, and has worked on relocation deals totaling more than 20,000 new jobs. Initial Assessment: setting up business in a new location involves careful consideration of many factors, and during this early stage, a company needs comprehensive information and unbiased assessment. SCVEDC can deliver both. James E. Brown at SCVEDC offers to meet with a company or its brokers at an early stage so he can capture all the needs related to a potential move and uncover any hidden issues. Companies and brokers trust SCVEDC because Brown has deep knowledge of all major SCV business parks and has participated in deals of all types, sizes and complexity, End-to-End Support: From deciding to relocate to having the business up and running, SCVEDC provides support along the way. Due to its connection
with the business community, the SCVEDC provides referrals in real estate brokerage, architecture design, civil engineering, general contracting, IT, banking, finance and legal. Thanks to its relationship with the City of Santa Clarita and the LA County, we can help expedite permitting process and liaise with relevant government agencies. On the job recruitment and training side, the SCVEDC works closely with AJCC (America’s Job Center of California), SBDC (Small Business Development Centers) and ETI (Employee Training Institute) to provide support at no or low cost. Authoritative Data: At SCVEDC, we fully understand that when a company selects a new site location, they not only look at concrete features such as space, facility and road condition, but also at economic and demographic attributes such as labor pool, population characteristic, prevailing salary and ease of commuting. The SCVEDC provides authoritative data by working with top researchers and data providers in the field of economic development. We not only release annual forecast and monthly updates, we also provide project-based regional data to help companies and brokers close the deal. To schedule an appoint with James E. Brown, please call him at 661-288-4413 or email him at JimBrown@scvedc.org
Business Assistance From obtaining workforce training at low or no cost to learning about local, state, and federal tax incentives, from expediting
iStock
business issues resolution to managing local business coalitions, the SCVEDC is the focal point in delivering the support local companies need. Business Visits – Taking the Pulse: as Manager of Business Assistance, SCVEDC, Sue Arellano spends the majority of her time building relationships with SCV businesses. These face-toface meetings are a great way for companies and the SCVEDC to get to know each other, allowing Sue to capture the unique business dynamics and challenges faced by each company and offer a tailored mix of support and assistance. Due to the diverse issues a modern company could potentially face, face-to-face, confidential meetings offered by SCVEDC remain the most effective way of delivering
customized solutions with greatest positive economic impact. Offering Packaged Solutions: the SCVEDC is physically colocated at the College of the Canyons with other business support organizations such as Small Business Development Center (SBDC), America’s Job Center of California (AJCC), and Employee Training Institute (ETI). This proximity enables real-time information sharing and rapid referrals that directly meet local companies’ urgent needs in hiring and employee training, as well as free consulting for small businesses. In addition, the SCVEDC stays abreast of the latest development in policies, regulations and incentives, and helps businesses navigate the regulatory and
Econo Watch Santa Clarita Valley
Source: Santa Clarita Valley Economic Development Corporation
Q2 ’16
Q1 ’16
Q2 ’16 Sq Ft
Commercial Vacancy Rates Office Space
10.40%
11.10%
499,410
Industrial Space
3.10%
3.10%
607,046
Retail Space
5.20%
5.20%
659,566
Total Marked Sq. Ft. Vacancy Percentage Office Space - as a % of Vacancy
28.28%
30.05%
N/A
Industrial Space - as a % of Vacancy
34.37%
33.25%
N/A
Retail Space - as a % of Vacancy
37.35%
36.69%
N/A
Aug ‘16
July ‘16
Aug ’15
Commercial/Industrial Building Permits
4
4
1
Residential Building Permits
7
15
11
Building Permits
administrative hurdles in applying for available programs. Knowledge Sharing & Business Alliances: with a mission of growing high quality jobs in key business clusters of Aerospace & Defense, Bioscience & Medical Devices, Information Technology, Digital Media & Entertainment, and Advanced Manufacturing, the SCVEDC regularly hosts seminars that feature subject experts on topics that are critical to business success. Through knowledge sharing and live discussion, local companies not only stay ahead of the information curve, but also directly benefit from networking with their peers. To schedule an appoint with Sue Arellano, please call her at 661-288-4411 or email her at SueArellano@scvedc.org
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)
Aug ‘16 10.07 0.08 9.93 24.2 47.8 8.06 48.77 62.72 47.3
July ’16 10.01 1.02 9.94 23.48 46.71 8 55.81 58.48 46.75
% Change 6.89% -21.57% -0.10% 3.07% 2.33% 0.75% -12.61% 7.25% 1.18%
Unemployment Rates* Santa Clarita Palmdale Lancaster Glendale LA County
Aug ‘16 July ‘16 % Change 4.8% 5.0 -4.00% 7.1% 7.4 -4.05% 5.9% 6.1 -3.28% 5.1% 5.3 -3.77% 5.3% 5.5 -3.64%
OCTOBER 2016
SANTA CLARITA VALLEY BUSINESS JOURNAL
SCV Chamber of Commerce 27451 Tourney Road | Suite 160 | Santa Clarita, CA 91355 | (661) 702-6977 | www.scvchamber.com | Content provided by the SCV Chamber
Letter From Member
L
BW Insurance and Financial Services Gives $5,000 to Single Mothers Outreach as Winner of 2016 Safeco Insurance® Make More Happen Award LBW Insurance and Financial Services in Valencia has earned a 2016 Safeco Insurance Make More Happen Award for its community work with Single Mothers Outreach. The award includes a $4,000 donation to Single Mothers Outreach from Safeco Insurance. LBW Insurance and Financial Services agent, April Price, and Single Mothers Outreach also had a story featured on Safeco. com, which awarded the nonprofit an additional $1,000. For the organization to win the extra money, at least 50 different individuals had to leave a virtual “cheer” on the Safeco.com story. Safeco’s Make More Happen Award recognizes independent agents who demonstrate extraordinary volunteerism for a nonprofit organization. These awards focus on nonprofits in the areas of health and safety, education and civil service. LBW Insurance and Financial Services was selected for the Make More Happen Award based on a photo and application demonstrating its commitment
to Single Mothers Outreach, which serves the Newhall community by empowering single parents and their children by providing hope, support and resources so that families can become self-sustaining and thrive. LBW Insurance and Financial Services supports Single Mothers Outreach each year and hosts a toy collection, coordinates a holiday party with an appearance by Santa and participates in the Adopt-a-Family program. The agency frequently leaps into action when there is a particular need, most recently helping to expand the organizations storage facilities, which helps free up space for Closet on Main, a clothing boutique that assists families in need. “Safeco is committed to encouraging agents to make a difference in their local communities, and through the Make More Happen program, we enable them to directly support the programs where they personally see the greatest need,” said Jennifer Brown, Safeco Insurance California territory manager. “We are thrilled to see so many agents participating in this program, and we’re proud to help them support the local charities they care about most.” Throughout 2016, Safeco will select a total of 66
independent agencies for the awards and donate up to $330,000 to the nonprofits they support. The Make More Happen Awards are a part of Safeco Insurance’s Agent Giving Program.
About Safeco Insurance In business since 1923 and based in Boston, Mass., Safeco Insurance sells personal automobile, homeowners and specialty products through a network of more than 10,000 independent insurance agencies throughout the United States. Safeco is a Liberty Mutual Insurance company. Boston-based Liberty Mutual Insurance is a diversified insurer and the fifth largest property and casualty insurer in the U.S. based on 2015 direct written premium data as reported by the National Association of Insurance Commissioners. Liberty Mutual is ranked 73rd on the Fortune 100 list of largest corporations in the U.S. based on 2015 revenue. For more information about Safeco Insurance, go to www.Safeco.com
UPCOMING EVENTS:
Chamber Mixer Photos by Bob Messina
Latino Business Alliance Breakfast October 4 | 8:00 AM – 9:30 AM Hilton Garden Inn Valencia Six Flags
Lunch & Learn Sponsored by H&R Block October 7 | 11:45 AM – 1:00 PM SCV Chamber of Commerce
Good Morning SCV Networking Breakfast Sponsored by Landegger Baron Law Group October 12 | 7:00 AM – 9:00 AM Tournament Players Club at Valencia
Women’s Lunch Bunch October 13 | 11:30 AM – 1:00 PM Salt Creek Grill
Lunch & Learn Sponsored by Strategy Partners Group October 14 | 11:45 AM – 1:00 PM SCV Chamber of Commerce
Business After Hours Mixer October 19 | 5:30 PM – 7:30 PM SCV Locations: 23504 Lyons Ave., Suite 201, Newhall
Women’s Lunch Bunch October 27 | 11:30 AM – 1:00 PM Salt Creek Grill
Lunch & Learn Sponsored by Love Your Life Wellness – Health & Wellness Services October 28 | 11:45 AM – 1:00 PM SCV Chamber of Commerce
Next Mixer Information:
Pictures attached are from the Valencia Country Club Mixer on August 17. Join us for our next mixer in October at SCV Locations: 23504 Lyons Ave., Suite 201, Newhall on Oct. 19, 5:30 p.m.-7:30p.m. Chamber members, come meet the Chamber’s new president and CEO, Lois Bauccio.
For more information on all Chamber events and news, visit our website at www.scvchamber.com
23
24
SANTA CLARITA VALLEY BUSINESS JOURNAL
OCTOBER 2016
Valley Industry Association 25030 Avenue Tibbitts | Suite K | Valencia, CA 91355 | (661) 294-8088 | www.via.org | Content provided by VIA
VIA Celebrates 35 Years with THE BASH
T
indicative of the era featuring Adam Tunney and band.
#AwardsSoVIA As part of the evening’s festivities, VIA honors and showcases businesses within Santa Clarita by celebrating the diversity and accomplishments of its members. Awards are given to those individuals and members of distinction deserving in one of three categories: Business of the Year, Rising Star, and the Connie WordenRoberts Volunteer of the Year Award.
B U SI N ESS
THE BASH benefits VIA’s Connecting to Success, a privately-funded program that offers 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. Befitting the event theme, VIA encourages individuals and businesses to purchase virtual mini-martini sponsorships. Each $25 mini-martini sold sends one student to Connecting to Success.
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U
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he Valley Industry Association celebrates 35 years as the voice of Santa Clarita business and industry – building and connecting the business community – with THE BASH on October 28, 2016 at the Hyatt Regency Valencia. Known for its themed galas and top entertainment, VIA delivers one of the community’s must-attend events. The committee has spent the past year planning and designing a Mad Men 1960s-esque vibe complete with entertainment
2016
THEBASH
VIA is grateful for the support of its generous sponsors and supporters including College of the Canyons, QM Design Group, SCV Relocation Services, City of Santa Clarita, Henry Mayo Newhall Hospital, LBW Insurance & Financial Services, Six Flags Magic Mountain, By Invitation Only, Chiquita Canyon, Global Education Solutions, Logix Federal Credit Union, Mellady Direct Marketing, Nola Aronson’s Advanced Audiology, Poole & Shaffery, LLP, Remax of Valencia/Santa Clarita, Sol Print Solutions, Storm Water Resources, The Strategy Partners, American Family Funding, Henry Rodriguez State Farm, and Mission Valley Bank. Special thanks to media sponsors The Magazine of Santa Clarita/Elite, Signal Multimedia, SCVTV, and InsideSCV, along with production sponsors SOS Entertainment and Point of View Communications. Sponsorships, including virtual mini martinis, and individual tickets are available for the BASH event at www. scvtickets.com/e/viabash or by contacting Kathy Norris in the VIA office at 661294-8088, kathy@via.org. Applications for VIA Award nominations available at admin@via.org.
2016
VALLEY INDUSTRY ASSOCIATION
Thank you sponsors
A BLACK AND WHITE EVENING CELEBRATING OUR 35TH ANNIVERSARY
VIA Luncheon Planning Calendar 2016
BENEFITING CONNECTING TO SUCCESS AND THE VIA EDUCATION FOUNDATION
SPEAKER SERIES
FRIDAY OCTOBER 28, 2016 | 7:00 P.M. HYATT VALENCIA
m
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.
DIRECT MARKETING
Print | Mail | Design | Online
DESIGNGROUP
Henry Rodriguez
Tuesday, October 18
www.scvinsurance.net
Dr. Mariane Doyle, director of career technical education in the William S. Hart Union High School District, discusses opportunities in Career-Tech Education.
Tuesday, November 15, 2016 Bill Bellows from Aerojet Rockedyne
r.s.v.p to 661.294.8088 or admin@via.org
Tuesday, December 20, 2016
BLACK TIE OR NIGHTCLUB ELEGANT PREFERRED
BASH.Flyer.0216.BusJournal.indd 1
VIA Board Installation 9/7/16 4:45 PM
OCTOBER 2016
SANTA CLARITA VALLEY BUSINESS JOURNAL
25
REAL ESTATE SECTION – Commercial, Industrial, Retail & Land Retail Buildings
Sq. Ft.
Sale/Lease
Sq. Ft.
Sale/Lease
23154 Valencia Boulevard
10,300
Lease
$1.25 SF/MO/NNN
18710 Soledad Canyon Road
1,250 - 3,000
Lease
$2.25 SF/MO/NNN
1,999 - 2,800 - 3,000
Lease
$2.50 - $3.00 SF/MO/NNN
278737 Bouquet Canyon Road
1,021 - 2,191
Lease
$1.80 - $2.00 SF/MO/NNN
Valencia Mart
25830-25848 McBean Parkway
Granary Square
21515 Soledad Canyon Road
Price
2,552
Lease
$1.25 SF/MO/NNN
916, 922, 1,022, 1,239
Lease
$2.00 SF/MO/NNN
2,250 - 3,500
Lease
$1.50 - $2.00 SF/MO/NNN
25739 Wayne Mills Place
1,061
Lease
$3.00 SF/MO/NNN
20605 Soledad Canyon Road
1,500
Lease
Negotiable
23323 - 23453 Lyons Avenue
2,575, 2,280, 3,600, 7,600
Lease
$1.50 - $3.25 SF/MO/NNN
23300 Cinema Drive
1,294
Lease
$2.50 SF/MO/NNN
23333 Cinema Drive
2,733
Lease
$2.50 SF/MO/NNN
Golden Oak Plaza
26477-26557 Golden Valley Road
Centre Pointe Marketplace
18597 – 18607 Soledad Canyon Road
Canyon Square
The Shops at Tourney Free Standing Building
Old Orchard Shopping Center Patti Kutschko (Daum Commercial) 661-670-2003
Cinema Park Reena Newhall 661-253-3344
Keith Bowers (NAI Capital) 661-705-3563
24254 – 24409 Main Street 500 – 6,000 24406 Main Street 1,550 24406 Main Street - Mixed Use Project 800 - 20,000 22520 Lyons Ave 1,000 - 2,200
Lease Lease Lease Lease
$1.65 SF/MO/MG $1.50 SF/MO/NNN $2.25 - $3.00 SF/MO/MNN $2.25 - $3.00 SF/MO/MNN
24271 Main Street
900 - 2,160
Lease
$1.75 SF/MO/MNN
23120 – 23130 Lyons Avenue
900 – 5,000
Lease
$1.10 - $1.60 SF/MO/NNN
25065 - 25067 Peachland Ave 26865 – 26889 Sierra Highway
1,830 1,350 – 1,907
Lease Lease
$1.90 SF/MO/MG $2.35 SF/MO/NNN
25269 The Old Road
1,300 – 2,442
Lease
$1.50 SF/MO/NNN
3,053
Sub-Lease
$3.35 SF/MO/NNN
1,298 - 2,596
Lease
Laemmle Theatre Project Old Town Newhall Properties
Wayman Court Riverview Plaza Sunset Pointe Plaza
24003 Newhall Ranch Road
Bridgeport Village
25810 - 25852 West
$2.00 - $2.25 SF/MO/NNN
Stevenson Ranch Plaza Tim Crissman (Crissman Commercial Services) 661-295-9300
23542-23560 Lyons Avenue
600 - 2,362
Lease
$1.65 SF/MO/NNN
Plaza Posada Matt Sreden (NAI Capital) 818-742-1660, Cameron Gray (NAI Capital) 661-705-3569
Office/Commercial Buildings
Soledad Entertainment
Price
Randy Cude (NAI Capital) 661-705-3553
20605 Soledad Canyon Road 28005 Smyth Drive
1,500 8,946
Sale/Lease $2.00 SF/MO/NNN/$825,000 Sale TBD
Kevin Tamura (Daum Commercial) 661-670-2001, Ron Berndt (Daum Commercial) 661-670-2000, Patti Kutschko (Daum Commercial) 661-670-2003
22777 Lyons Avenue, Suite #219 22777 Lyons Avenue, Suite #100
402-1,700 1,350
Lease Lease
$1.30 SF/MO/MG $1.30 SF/MO/MG
2,600
Lease
$1.15 SF/MO/MG
145- 350
Lease
Negotiable
28159 Avenue Stanford Unit #200 18,074 Lease Unit #224 1,414 Lease Unit #226 1,084 Lease Unit #170 2,829 Lease
$1.50 SF/MO/FSG $1.50 SF/MO/FSG $1.50 SF/MO/FSG $1.50 SF/MO/FSG
The Lyons Building Andrew Ghassemi (NAI Capital) 661-705-3039, Yair Haimoff (NAI Capital) 818-203-5429
28486 Westinghouse Place, Suite #100
Gateway Corporate Point Andrew Ghassemi (NAI Capital) 661- 705-3039, Yair Haimoff 818-203-5429
23300 Cinema Drive
Cinema Park/Executive Suites Reena Newhall 661-253-3344
Rexford Valencia Industrial Park Richard Ramirez (CBRE) 818- 907-4639, Robert Valenziano (CBRE) 818- 907-4663, Craig Peters (CBRE) 818- 907-4616
25322 Rye Canyon Road 25230 Avenue Stanford 26320 Diamond Place #170 26320 Diamond Place #200 26330 Diamond Place #190
25,200 5,000 2,332 5,562 3,460
Sale $2.57 SF/MO/NNN/$6,500,000 Lease $1.45 SF/MO/MG Lease $1.15 SF/MO/NNN Lease $1.55 SF/MO/NNN Lease $1.15 SF/MO/NNN
Yair Haimoff (NAI Capital) 818-203-5429
24001 Newhall Ranch Road
488
Sublease
$3.35 SF/MO/NNN
Tim Crissman (Crissman Commercial Services) 661-295-9300
23542 - 23560 Lyons Avenue
420 - 1,637
Lease
$1.65 SF/MO/NNN
1,790
Sublease
$1.15 SF/MO/NNN
Plaza Posada
28486 Westinghouse Place, Unit #110
Matt Sreden (NAI Capital) 818-742-1660, Cameron Gray (NAI Capital) 661- 705-3569
28494 Westinghouse Place
552 - 2,208
Lease
$2.15 SF/MO/MG
27200 Tourney Road
2,181 - 22,919
Lease
$2.20-$2.55 SF/MO/FSG
Valencia Atrium Tourney Pointe
28207- 28313 Newhall Ranch Rd.
8,090 - 11,090
Lease
$1.95 SF/MO/NNN
25129 The Old Road 23822 Valencia Blvd.
2,300 857 - 4,104
Lease Lease
$2.35 SF/MO/FSG $2.25 SF/MO/FSG
28112 - 28136 Newhall Ranch Rd.
1,195 - 3,650
Lease
$2.75 SF/M0/NNN
23929 Valencia Blvd.
2,923
Lease
$2.35 SF/MO/FSG
27923 – 27959 Seco Canyon Rd.
1,500 - 1,600
Lease
$2.50 SF/M0/NNN
27202, 27220 & 27240 Turnberry
1,866 - 10,965
Lease
$2.15 SF/MO/FSG
18,000 - 54,000
Lease
Negotiable
910
Lease
$1.50 SF/MO/MG
SEC Newhall Ranch Rd. & Rye Canyon Rd. 1,500 - 10,000
Lease
$2.50 - $3.25 SF/MO/NNN
23600 Valencia Boulevard
5,000
Lease
$2.75 SF/MO/NNN
1,200 - 4,800
Lease
$2.50 SF/MO/NNN
23922 Summerhill Lane
1,195
Lease
$2.75 SF/MO/NNN
27544 Newhall Ranch Road
1,500
Lease
$2.50 SF/MO/NNN
19045 Golden Valley Road, Unit #115
4,040
Sub-Lease
Gateway Village Highridge Crossing
Seco Canyon Village
27095 McBean Parkway
The Promenade
Copper Ranch Plaza Creekside Place
27647 Bouquet Canyon Road
Bouquet Canyon Plaza Summerhill Village
Plaza Del Rancho John Cserkuti (NAI Capital) 661-705-3551
$1.65- $1.75 SF/MO/NNN
The Plaza at Golden Valley Yair Haimoff (NAI Capital) 818-203-5429-1659, Matt Sreden (NAI Commercial) 818-742-1660, Randy Cude (NAI Commercial) 661-414-2004
20655 Soledad Canyon 23323 Aqua Dulce Road 19971 Soledad Canyon Road 18517 Soledad Canyon Road
2,200 2,200 1,150 1,100
Sale Sale Sale Sale
$45.00 SF/$99,000 $45.00 SF/$99,000 $56.00 SF/$65,000 $117.00 SF/$129,000
Sarkis Ghazaryan (NAI Capital) 661-705-3561
27630 The Old Road 24300 – 24305 Town Center Drive 24510 Town Center Drive
1,700 – 7,000 997 – 8,565 660 – 2,337
Lease Lease Lease
Negotiable $2.20 -$3.50 SF/MO/NNN $3.00 SF/MO/NNN
Cody Chiarella (CBRE) 818-502-6730
24048 Newhall Avenue 27516 The Old Road
7,200 2,000 - 6,500
Sale Lease
$283.00 SF/$2,040,000 Negotiable
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
900- 3,000
Lease
$1.75 SF/MO/NNN
1,200
Sub-Lease
$2.00 SF/MO/NNN
28111 Bouquet Canyon Road
850 - 3,000
Lease
$1.35 - $2.50 SF/MO/NNN
26111 Bouquet Canyon Road
1,000 - 3,000
Lease
$1.75 - $2.00 SF/MO/NNN
Knoll Shopping Center
24250 Lyons Avenue
The Moss Center
Santa Clarita Place Santa Clarita Plaza
Valencia Oaks Bank of America Tower Summit at Valencia
25600 Rye Canyon Road
Kevin Fenenbock (Colliers Int.) 661-253-5204
25060 Avenue Stanford Suite #255 1,755 Lease Suite #260 1,940 Lease Suite #285 2,728 Lease Suite #295 1,133 Lease 25061 Avenue Stanford, Suite #100, Ind/Flex 5,687 Lease 25020 Avenue Stanford, Suite #100 Ind/Flex 943 Lease Suite 200, Ind/Flex 3,131 Lease
$1.85 SF/MO/FSG $1.85 SF/MO/FSG $1.85 SF/MO/FSG $1.85 SF/MO/FSG $1.10 SF/MO/Gross $1.10 SF/MO/Gross $1.10 SF/MO/Gross
24501 Town Center Drive, Suite #103
$2.50 SF/MO/NNN
Paragon Business Center John Erickson (Colliers Int.) 661-253-5202
2,810
Lease
Craig Peters (CBRE) 818-907-4616, Sam Glendon (CBRE) 818-502-6745
25102 Rye Canyon Loop, Unit #120
1,814
Lease
$1.80 SF/NNN
915- 3,060
Lease
$2.65 - $2.80 SF/M0/FSG
1,187 - 20,000
Lease
$2.75 SF/MO/FSG
25350 - 25360 Magic Mountain Parkway 1,500 - 8,000
Lease
$2.85 SF/MO/FSG
24200 Magic Mountain Parkway
1,300 - 6,000
Lease
$2.25 SF/MO/NNN
2,389
Lease
$2.35 SF/MO/FSG
200 - 850
Lease
$1.75 SF/MO/FSG
486
Lease
$3.65 SF/MO/FSG
1,701 - 10,600
Lease
$1.75 SF/MO/FSG
Mann Bio-medical Park Craig Peters (CBRE) 818-907-4616, Doug Sonderegger (CBRE) 818-907-4607
26650 The Old Road
Westridge Executive Plaza Richard Ramirez (CBRE) 818-907-4639, Craig Peters (CBRE) 818-907-4616
25152 - 25154 Springfield Court
The Commons at Valencia Gateway Gateway Plaza
VTC IV David Solomon (CBRE) 818-907-4628
27201 Tourney Road
Valencia Executive Plaza Branson Brinton (SCV Commercial) 818-414-7657
21704 Golden Triangle Road
Hillside Professional Center Dan Robinson (Archer Real Estate) 661-255-0154
24001 Newhall Ranch Road, Suite #260
Bridgeport Marketplace Craig Peters (CRRE) 818-907-4616, Doug Sonderegger (CBRE) 818-907-4607
25115 Avenue Stanford
Valencia Park Executive Center Richard Ramirez (CBRE) 661-907-4639, Robert Valenziano (CBRE) 818-907-4663
26
SANTA CLARITA VALLEY BUSINESS JOURNAL
OCTOBER 2016
REAL ESTATE SECTION – Commercial, Industrial, Retail & Land Office/Commercial Buildings cont. Sq. Ft. 25115 Avenue Stanford
Sale/Lease
Price
1,273 - 10,600
Lease
$2.65 SF/MO/FSG
1,609 5,734
Lease Lease
$2.55 SF/MO/FSG $0.90 SF/MO/NNN
Valencia Corporate Plaza Craig Peters (CBRE) 818-907-4616, Richard Ramirez (CBRE) 818-907-4639
27413 Tourney Road, Suite #120 28546 Constellation Road
Land (Commercial, Industrial & Retail) cont. Acres 28462 Constallation Road 28486 Constallation Road 28452 Constellation Road 26340 Diamond Place
3,584 7,513 3,180 2,000 - 7,000
Sale
Price
Sale/Lease $807,000/$0.99 SF/MO/NNN Sale $199.00 SF/$1,500,000 Lease $0.85 SF/MO/NNN Lease $1.15 SF/MO/NNN
Yair Haimoff (NAI Capital) 818-203-5429
Richard Ramirez (CBRE) 818-907-4639, Craig Peters (CBRE) 818-907-4616
24820 Avenue Tibbitts
23734 Valencia Boulevard
1,523 - 1,860
Lease
$1.95 SF/MO/FSG + J
Tim Crissman (Crissman Commercial Services) 661-295-9300
23838 Valencia Boulevard
1,110 - 2,674
Lease
$2.25 SF/MO/NNN
25078 Peachland Avenue
1,000
Lease
$1.95 SF/MO/MG + E + J
23502- 23504 Lyons Avenue
692 - 5,710
Lease
$1.55 SF/MO/FSG + J
23542- 23560 Lyons Avenue
450 - 4,000
Lease
$1.10 SF/MO/NNN
1,655
Lease
$2.45 SF/MO/FSG + J
Valencia Financial Center Atrium Medical Building Peachland Medical Arts
Lyons Plaza Plaza Posada
28097 Smyth Drive
Cameron Gray (NAI Capital) 661-705-3569
24303 Walnut Street
200 - 770
Lease
$2.00 SF/MO/MG
Tim Crissman (Crissman Commercial Services) 661-295-9300
27955 Smyth Drive
800 - 850
Lease
$1.90- $2.00 SF/MO/FSG
1,500
Lease
$1.65 SF/MO/FSG
603 - 1,340
Lease
$2.10 SF/MO/FSG
Rebel Suites
25050 Avenue Kearny
Rebel Professional
19042 Soledad Canyon Road
Randy Cude (NAI Capital) 661-705-3553
Office/ Medical Buildings 25775 McBean Parkway 25880 Tournament Road
Sq. Ft.
Sale/Lease
1,201 - 6,682 1,043 – 4,559
Lease Lease
Price $2.76 SF/MO/NNN Negotiable
Cody Chiarella (CBRE) 818-502-6730, Troy Pollet (CBRE) 818-907-4620
22777 Lyons Avenue
150 - 1700
Lease
$0.11- $2.33 SF/MO/MG
13,045
28368 Constellation Road, Bldg C, Unit #360 4,017 26074 Avenue Hall; Unit #20 3,082 Unit #15 6,164 Unit #1 7,444 28079 Avenue Stanford 25,130 25570 Rye Canyon Road, Unit K 2,500 28650 Braxton Avenue 52,260
Industrial Buildings 26943 - 26951 Reuther Avenue, Unit A Unit C
Lease Sale Lease Lease Lease Lease Lease Lease
Sq. Ft.
Sale/Lease
2,812 1,535
Lease Lease
$0.75 SF/MO/NNN $205.00 SF/$825,000 $0.95 SF/MO/Gross $0.95 SF/MO/Gross $0.95 SF/MO/Gross $0.70 SF.MO/NNN $1.10 SF/MO/Gross $0.65 SF/MO/NNN
Price $0.95 SF/MO/Gross $0.95 SF/MO/Gross
John Erickson (Colliers Int.) 661-253-5202, Chris Erickson (Colliers Int.) 661-253-5207
25158 Avenue Stanford 28486 Westinghouse Place Unit #120 28334 Industry Drive
44,548 6,255 35,310
Sale Sale Lease
$132.00 SF/$5,880,000 $209.00 SF/$1,307,000 $0.59 SF/MO/NNN
Matt Dierckman (CBRE) 818-502-6752
25060 Avenue Tibbitts
21,147
Sale
$140.00 SF/$2,950,000
Craig Peters (CBRE) 818-907-4616
24971 Avenue Stanford
20,415
Sale
$135.00 SF/$2,800,000
Mark Sokolowski (NDKF) 310-491-2075, 818-497-8815, Sean O’Leary (NDKF) 310-491-2010
25159 Avenue Stanford
79,701
Sale
$115.00 SF/$9,200,000
Todd Lorber (NAI Capital) 818-933-2376
26557 Ruether Avenue 27955 Smyth Drive, Suite #107
4,800 850
Lease Lease
$.90 SF/MO/MG $1.85 SF/MO/FSG
The Lyons Building Andrew Ghassemi (NAI Capital) 661-705-3039, Yair Haimoff (NAI Capital) 818- 203-5429, Randy Cude (NAI Capital) 661-705-3553
Randy Cude (NAI Capital) 661-705-3553
24355 Lyons Avenue
24955 Avenue Kearny
69,219
Lease
$0.63 SF/MO/NNN
28210 N. Avenue Stanford 28903 Avenue Paine 25161 Rye Canyon Loop; Building #61
116,143 146,000 23,292
Lease Sale Lease
TBD $142 SF + 1.8 ac. Land $0.60 SF/MO/NNN
25371 Rye Canyon
81,190
Sale
TBD
1,200 - 5,200
Lease
Lyons Professional Building
23929 McBean Parkway
1,252 - 11,149
Lease
Henry Mayo Hospital Campus Randy Cude (NAI Capital) 661-705-3553
25050 Peachland Avenue
800 - 4,000
Lease
$2.25 SF/MO/NNN $2.75 - $3.65 SF/MO/NNN $2.20 SF/MO/NNN
Plaza Posada Medical Center Matt Sreden (NAI Capital) 818-742-1660, Cameron Gray (NAI Capital) 661-705- 3569
28338 Valencia Boulevard
1,110 - 2,674
Lease
Atrium Medical Building Cameron Gray (NAI Capital) 661-705-3569
Land (Commercial, Industrial & Retail) Acres
Sale
SWC Golden Valley Rd./Centre Pt. Pkwy.
Sale
1.5
$2.25 SF/MO/NNN
10 149 6 10 30,000
Sale Sale Sale Sale Sale
Price $35.20 SF/$2,300,000 $14.35 SF/$6,250,000 $0.61 SF/$3,900,000 $18.00 SF/$4,700,000 $57.00 SF/$25,000,000+D225 $23.00 SF/$700,000
Randy Cude (NAI Capital) 661-705-3553
SWC Copperhill Drive & Rio Norte
8.65
Sale
$22.00 SF/$8,500,000
Sale Sale
$30.00 SF/$2,430,000 $30.00 SF/$4,848,000
West Creek
NEC Bouquet Canyon Road & Plum Canyon Road 1.86 Bouquet Canyon/Madrid Road 3.71
John Z. Cserkuti (NAI Capital) 661-705-3551
15112 Placertia Canyon Bouquet Canyon/Vasquez Canyon 14825 Sierra Highway 24605 Railroad Avenue 15112 Sierra Highway 21145 Centre Pointe Parkway
149 15 38 10,743 149 26,179- 65,775
Sale Sale Sale Sale Sale Sale
$0.60 SF/$3,900,000 $3.52 SF/$2,300,000 $0.37 SF/$629,000 $55.75 SF/$599,000 $.60 SF/$3,900,000 $16.00 SF/$1,100,000
Yair Haimoff (NAI Capital) 818-742-1659
SWC Soledad Canyon Rd/Golden Valley Rd Valley Business Center Valley Business Center Valley Business Center Valley Business Center Valley Business Center Valley Business Center
1.19 1.9 2.29 2.67 3.86 4.96 6.15
Sale Sale Sale Sale Sale Sale Sale
$21.00 SF/$1,100,000 $23.00 SF/$1,900,000 $21.00 SF/$2,100,000 $21.00 SF/$2,500,000 $21.00 SF/$3,500,000 $21.00 SF/$4,500,000 $21.00 SF/$5,600,000
Kevin Tamura (Daum Commercial) 661-670 -2001, Ron Berndt (Daum Commercial) 661-670-2000
25014 Anza Drive
11,352
Lease
$0.75 SF/MO/NNN
Richard Ramirez (CBRE) 818-907-4639
20655 Soledad Canyon Road, Unit #41 Unit #17 Unit # 24 Unit #42 Unit # 25
4,598 - 5,588 1,360 3,032 - 4,865 990 1,833 - 4,865
Lease Lease Lease Lease Lease
$1.75 SF/MO/NNN $1.49 SF/MO/NNN $1.49 SF/MO/NNN $1.57 - $1.85 SF/MO/NNN $1.49 SF/MO/NNN
Yair Haimoff (NAI Capital) 818-203-5429
28348 Constellation Road
4,857
Sale
22,565
Lease
$0.80 SF/MO/NNN
Yair Haimoff (NAI Capital) 818-203-5429, Randy Cude (NAI Capital) 661-705-3553 Rexford Industrial Business Park Craig Peters (CBRE) 818- 907-4616, Robert Valenziano (CBRE) 818- 907-4663
Mann Biomedical Park Craig Peters (CBRE) 818-907-4616, Doug Sonderegger (CBRE) 818-907-4607
Bill Pentz (DAUM Commerical R/E) 818-449-1625 and Kevin Tamura (DAUM Commercial R/E) 818-449-1631
Nigel Stout (JLL) 818-531-9685
23600 Sierra Highway 15112 Sierra Highway 23658 Sierra Highway Placerita Canyon Sierra Highway
27772 Avenue Scott
$216.00 SF/$1,050,000
Michael Corbin (DAUM Commercial Services) 661-670-2004, Kevin Tamura (DAUM Commercial) 818-449-1631
28368 Constellation Road, Bldg. C, Unit #300 6,131 26374 Ruether Avenue 2,994
Sale/Lease $1,380,000/$1.10 SF/MO/MG Lease $1.00 SF/MO/MG
Bernards Centre Point Park
25110 Rye Canyon Canyon Loop
8,384
Sublease
$0.61 SF/MO/NNN
28939 N. Avenue Williams
58,395
Sublease
$0.79 SF/MO/IG
27460 Avenue Scott Unit #D 24700 Avenue Rockefeller
20,866 50,261
Lease Lease
Mann Biomedical Park Tim Crissman (Crissman Commercial Services) 661-295-9300
Valencia Gateway Business Park Matt Sreden (NAI Capital) 818-742-1660, Yair Haimoff (NAI Capital) 818- 203-5429
$0.66 SF/MO/NNN $0.62 SF/MO/NNN+A327
Craig Peters (CBRE) 818-907-4616, Doug Sonderegger (CBRE) 818-907-4607
21515 Centre Pointe Parkway
16,773
Sale
$215.00 SF/$3,606,000
Chris Jackson (NAI Capital) 818-933-2368,Todd Lorber 818-933- 2376, Matt Ehrlich 818-933- 2364
27756 Avenue Hopikins 28348 Constellation Road
21,884 4,857
Lease Sale
$0.64 SF/M0/NNN $216.00 SF/$1,100,000
Kevin Tamura (DAUM Commercial), Ron Berndt (DAUM Commercial) 818-333-2207
28251 & 28255 Kelly Johnson Parkway 29017 Avenue Penn
26,318 8,220
Lease Sale
$0.85 SF/MO/NNN $219.00 SF/$1,800,000
Craig Peters (CBRE) 818-907-4616, Richard Ramirez (CBRE) 818-907-4639
Future Industrial Projects
Sq. Ft.
Sale/Lease
Price/Occupancy
VCC; West of I-5/NE SR 126 Gateway V 60,923, 88,752, 105,407 Lease IAC Commerce Center (Phase 1) 93,600, 116,740, 187,880 Lease
TBD;1Q 2017 TBD; 1Q 2017
Needham Ranch (Phase 1)
TBD; 1Q 2017
Sierra Highway/Newhall Avenue/East/SR14 Freeway
16,000 - 223,530
Sale /Lease
Craig Peters (CBRE) 818-907-4616, Doug Sonderegger (CBRE) 818-907-4607, Richard Ramirez (CBRE) 818-907-4639
28608 Hasley Canyon Road Avalon Business Center
44,162 20,499, 23,668
Lease Lease
$0.72 SF/MO/NNN $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
28528 Industry Drive
46,778
Sale
Future Office Projects
Sq. Ft.
Sale/Lease
$142.50 SF/$6,665,865
Gateway Industrial Doug Sonderegger (CBRE) 818-907-4607, Craig Peters (CBRE) 818-907-4616
Price
-None- The Real Estate Section of the SCVBJ is the most comprehensive database of Commercial, Industrial, Retail and Land Listings in the SCV. Note: Parties interested in properties should contact listing broker(s) or agent(s) for more information. To list here:
James E. Brown, Manager Business Attraction, SCVEDC, 661-288-4413, JimBrown@scvedc.org
OCTOBER 2016
SANTA CLARITA VALLEY BUSINESS JOURNAL
REAL ESTATE SECTION – Residential Housing Stats - Santa Clarita Valley
SCV Median Home Value SCV Median Condo Value SCV Home Sales SCV Condo Sales SCV Avg. # of Days on Market (SF) SCV Single Family Home Inventory
Aug ‘16
July ‘16
539,000 347,500 244 98 72 597
560,000 523,000 331,000 325,000 234 248 94 121 67 75 612 663
27
Find a better place... You deserve better
Aug ’15
Source: Santa Clarita Valley Economic Development Corporation.
August Sales
Acton New Listings. . . . . . . . . . . . . . . 16 Total Active Listings . . . . . . . . . 56 New Escrows Closed. . . . . . . . . . 7 Median Sale Price. . . . . . $500,000
Newhall New Listings. . . . . . . . . . . . . . . 50 Total Active Listings . . . . . . . . . 59 New Escrows Closed. . . . . . . . . 33 Median Sale Price. . . . . . $455,000
Agua Dulce New Listings. . . . . . . . . . . . . . . . 7 Total Active Listings . . . . . . . . . 26 New Escrows Closed. . . . . . . . . . .5 Median Sale Price. . . . . . $425,000
Saugus New Listings. . . . . . . . . . . . . . . 74 Total Active Listings . . . . . . . . 114 New Escrows Closed. . . . . . . . . 71 Median Sale Price. . . . . . $510,000
Canyon Country New Listings. . . . . . . . . . . . . . . 84 Total Active Listings . . . . . . . . 124 New Escrows Closed. . . . . . . . . 75 Median Sale Price. . . . . . $440,000
Stevenson Ranch New Listings. . . . . . . . . . . . . . . 21 Total Active Listings . . . . . . . . . 33 New Escrows Closed. . . . . . . . . 17 Median Sale Price. . . . . . $725,000
Castaic New Listings. . . . . . . . . . . . . . . 35 Total Active Listings . . . . . . . . . 48 New Escrows Closed. . . . . . . . . 33 Median Sale Price. . . . . . $459,000
Valencia New Listings. . . . . . . . . . . . . . 130 Total Active Listings . . . . . . . . 163 New Escrows Closed. . . . . . . . 110 Median Sale Price. . . . . . $509,000
Kevin Fenenbock 661 253 5204 kevin.fenenbock@colliers.com DRE # 01165115
www.northlaofficespace.com
Source: Southland Regional Association of Realtors. Aug. 1 - 31, 2016
Canyon Country · Newhall · Saugus · Valencia · Stevenson Ranch · Castaic · Agua Dulce
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