The 181,025 square foot Mann Biomedical Park in Valencia and 612,075 square foot Sylmar Biomedical Park were sold to Santa Clarita general contractor/developer Dale Donohoe of Intertex Companies, in partnership with Oaktree Capital Management, in one of the largest deals in Southern California. The biomedical parks are home to companies like Boston Scientific, Bioness, and the Alfred Mann Foundation in Santa Clarita; and Second Sight and Quallion in Sylmar. While terms of the deal weren't disclosed, industry experts pegged the value of the deal at somewhere north of $100 million.
Calvin Hedman, Founder of accounting and middle-market advisory firm Hedman Partners
Construction of a new six-story tower is being planned for the campus of the Henry Mayo Newhall Hospital in Santa Clarita, said an executive for the hospital. The growth of the area demands more capacity at a hospital that is some days at capacity, he said. To be built near two existing buildings, and connected by corridors, all of the primary hospital buildings on the campus including the new tower will become like one building.
The success of Princess Cruises' early days hinged on a world's fair and a TV show. And the founder of the Santa Clarita cruise line, Stan McDonald, won both bets on the risks he took to launch the company. In honor of its 50th anniversary, Princess Cruises was scheduled to sail down Colorado Blvd. in Pasadena with its first float ever in the 2015 Rose Parade.
Valencia Technologies is a pioneer on the medical device front in more ways than one. The Santa Clarita-based company is challenging conventional treatment assumptions, allowing it to innovate a smaller device to treat hypertension. And under new federal rules it is laying all its cards on the table to attract investors for its next step of conducting U.S.-based clinical trials – a possibly risky move, but one more companies will are expected to adopt.
Crissair Inc. recently relocated from Palmdale to Santa Clarita after completing its merger with Canyon Engineering Products and finalizing tenant improvements at its new facility in Valencia.
Santa Clarita was on track to break another record for filming in 2014; the fifth consecutive year it has broken film records – which bodes well for 2015 local experts say.
If projections hold true, 2015 is expected to be a strong year for job growth in Santa Clarita. And based on the activity from employers in Santa Clarita and from around the region, 2015 should be outstanding for job growth, said Keri Aaver, Director of WorkSource Center.
2015 will be a pivotal year for California manufacturing. There is a feeling of "cautious optimism" among California's manufacturers, and rightfully so. The manufacturing community has made gains in job growth and expansion, but more must be done to build upon that momentum and to strengthen our industry. Here are some key ways manufacturing will evolve in 2015:
Vince Lombardi, the man who coached the first two winning NFL Super Bowl teams, gave a speech many years ago known today as "What It Takes to be No. 1."
The Valley Industry & Commerce Association (VICA) was founded in 1949 as the Industrial Association of the San Fernando Valley. The Valley in those days was nothing like the highly populated swath of land that joins the 101 and 405 freeways it is today. In fact, there were no Valley freeways then. The region was rural – mostly farms, orchards and ranches.
You may have already noticed petition gatherers buzzing around grocery stores, asking for your signature to undo the historic statewide plastic bag ban signed into law just weeks ago by California Gov. Jerry Brown. The ban received support from a broad coalition of industry, labor, and environmental groups.
The Great Wall of China can be seen from space. It's an impressive display of what can happen when a goal is set and resources are allocated and executed.
When Gary Miller opened his green screen studio in Valencia, he was inspired by the marketing moniker of "Awesometown" given the area by Newhall Land and so he named his own film studio Awesometown Studios.
A Star Trek devotee, Alec Peters of Axanar Productions raised hundreds of thousands of dollars on Kickstarter in the past year – enough to help finance his next production and open a new film studio in the Santa Clarita Valley – Ares Studios on Industry Drive in the Valencia Commerce Center. Click here to read Peters' full story.
Scoprion Design mastered the art of website design, analytics and Internet marketing for their legal clients, but stopped to take a look at the way they assisted their health care customers in the age of Affordable Healthcare Act. Upon examined, the Valencia firm decided to rip up their existing model which required heft upfront investments from hospitals, and redesign their business model by challenging the status quo and admitting that "what got us here won't get us there." Read what Scorpion Healthcare division's Vice President told the SCVBJ said the firm did to reinvent their wheel by clicking ...
One maxim of leadership is that you need to coach your employees if you want better results from them.
When Occidental Petroleum spun off it's California operations, Santa Clarita Valley resident Todd Stevens took over as CEO and President of the newly created California Resources Corp. From a Q&A with Stevens, find out about plans for the state's largest independent oil and natural gas producer. To read the full Q&A click here.
When 2014 filming activity in Santa Clarita broke a record for the fifth consecutive year, officials with the city's film office predicted this January that growth would only continue due to the success of the local incentive program and the enhanced film incentive program enacted by the state last year.
A Santa Clarita Valley property management firm which launched in the shadows of the housing market crash has grown from a small office and a handful of employees to one with three offices, managing over 90 homeowner associations and employing 38 people within the period of time it took the economy to recover. To learn how they grew so quickly, read the full story here.
After two years in the making, H.E.R.O.S. Inc. - Helicopter Engine Repair & Overhaul Services Inc. – expects to be in their new Santa Clarita headquarters this May. Acquiring a new building, new test equipment and spending $4.5 million to relocate is no easy task. Read the whole story here.
As technology has driven changes in the way merchants and consumers conduct their banking, so too has it changed the need for larger footprints of space and multiple branches leading Mission Valley Bank to consolidate two of its Santa Clarita branches, said an executive with the bank. To read the full story click here.
A medical center on Valencia Blvd., with recognizable architectural features, has been sold for $16.3 million to an investment firm. Read the full story here.
Launched in 1973, Firetect is everywhere flames aren't. Manufacturing their own fire retardant products, the Santa Clarita firm owned by Kathleen and Randy Newman, helps to protect globally known theme parks and film studios to keep their properties and the people who inhabit them safe from fire.
Office vacancies in the Santa Clarita Valley dropped nearly 7 percent in 2013, ending 2014 in the fourth quarter with a 14.8 percent vacancy rate, according to Colliers International. Nearly 80,000 square feet of multi-tenant office space was leased by year-end 2014.
After more than two decades of research and product development, Santa Clarita's 3D International LLC is betting on being able to eat into a portion of market share held by the global 3M Company. And experts with the Santa Clarita Valley Economic Development Corporation are betting the company can do it so they've pitched in to set the company up for continued success.
Tom Wulf, Board President
Lance Williams, President and CEO