Chatsworth
Chad Earnings:
Chad Therapeutics Inc. reported a first quarter net loss of $116,000, compared with a net loss of $42,000, reported during the same period a year earlier. Revenue for the Chatsworth-based respiratory equipment manufacturer was down 7 percent to $5.5 million.
Covina
New Store: After the closing of a Home Depot store at Azusa Avenue and Arrow Highway in Covina Town Square, construction has begun on a new 114,700 square-foot Home Depot store in Azusa/Badillo Commercial Center. The site is bounded by San Bernardino Road on the north, Badillo Street on the south, Rimsdale Avenue on the west, and Azusa Avenue on the east. The store is scheduled to open in late 2007.
Pharmacy Development:
Walgreen Co. will build a new 14,820 square-foot drive-through Walgreen’s pharmacy on the southwest corner of Azusa Avenue and San Bernardino Road. The property was previously occupied by a gas station, car wash and fast-food restaurant.
Glendora
Electricity Reduced:
Parke Industries, a Glendora-based subsidiary of Electric City Corp., has announced the completion of an energy efficiency lighting retrofit project at two Naked Juice Co. facilities located in the East San Gabriel Valley. The project is expected to generate savings of approximately $160,000 over a five-year period, reduce electricity usage by 232,849 kilowatt hours annually and reduce peak demand by 32.1 kilowatts.
La Puente
Pipeline Improvement:
The La Puente City Council approved a $13.5 million sewer system upgrade and improvement project on Aug 8. The project, designed to increase capacity and repair breaks in the city’s 63.2 miles of pipeline, will continue over the next 10 years. To fund the project, the council approved a sewer rate charge based on a single-family residential rate of $84 a year.
Claremont
Train Business:
The City of Claremont is seeking proposals for businesses to lease all or part or of the city’s train depot, located in the newly-expanded Claremont Village. Qualifying businesses must be transit related and be able to serve transit riders as well as people in the surrounding area.
Pasadena
More Options:
Tetra Tech Inc. said it will delay its quarterly report in order to finish its voluntary review of stock options grants from 2004 to present. The company said it intends to file the earnings report with the Securities and Exchange Commission by Aug. 16. The Pasadena-based resource management consulting firm said it has preliminarily determined that the option will have no impact on its financial statements during the 2004-2006 periods, and is now reviewing options granted in prior periods.
Convention Expanding: The Pasadena City Council recently approved $165 million to expand the city’s convention facilities. The convention center will add over 50,000 square feet of space, bringing its total to 111,000 square feet. The exhibition space will double to 60,000 square feet. The project also includes a 25,000-square-foot ballroom and the restoration of the 17,000 square-foot Civic Auditorium. The expansion is scheduled to be complete in January 2009.
Westchester/Culver City
Net Spike:
AVP Inc. reported a second quarter net loss of a $38,418, compared with a $2 million loss for the same period a year earlier. Revenue for the Los Angeles-based owner and operator of professional beach volleyball tournaments was up 70 percent to $7.3 million. AVP said an 82-precent growth in advertising revenue from events like the Manhattan Beach Open, which was in Manhattan Beach the weekend of August 12 and 13, led to the improvement.
Highland Park
Supermarket Meeting:
Superior Super Warehouse, the largest independently-owned chain of grocery superstores, will open a new location in Highland Park. The store will occupy a the site of a former Albertson’s store at Avenue 45 and Figueroa Avenue. Councilmember Ed P. Reyes held a community meeting on Aug 8 to discuss the store’s remodeling plans of the historic building.
Downtown L.A.
Historic Revival:
Chop Suey Caf & #233; and Lounge held its official grand opening on Aug 10. The restaurant is located in the Far East Caf & #233; Building in Little Tokyo at 347 E. First St. The building, after being damaged by the Northridge earthquake in 1994, was recently repaired at a cost of $3.5 million and designated a historic landmark.
Baldwin Hills
Paper Office:
Shorewood Packaging Inc., a business owned by International Paper Co., has leased a 14,850 square-foot space at 5890 W. Jefferson Blvd., Studio A. The five-year lease from Rodeo Properties LLC is for more than $1.89 million.
Norwalk
New Location:
SkillMaster Staffing Services Inc., a Houston-based business specializing in industrial staffing and safety consulting services, held the grand opening of its new location at 12011 Firestone Blvd. on Aug 9.
Pico Rivera
Protesting Expansion:
Citizens for Political Responsibility, a grassroots community group, has filed a lawsuit against the City of Pico Rivera for allowing the Wal-Mart store in the Pico Rivera Towne Center to sell groceries. The group argues that the store’s expansion will cause smaller grocery stores to close.
El Segundo
IT Contracts:
En Pointe Technologies Inc. said it has been awarded an information technology contract with the state of Minnesota. The company would not disclose the value or length of the contract but did say it will provide hardware, software, maintenance and technical services to more than 1,100 state and local entities.
Carson
Center Complete:
Construction on the Carson Depot Center on the southeast corner of Sepulveda Boulevard and Main Street is complete. The center, located on an approximately 150,000 square-foot lot, includes Home Depot, Albertson’s supermarket, Staples office supply store, Washington Mutual Bank and smaller retailers.
Lakewood
New Cars:
Pacific Ford Inc. opened two new car lots, Long Beach Lincoln-Mercury and Long Beach Mazda, on Aug 2. The showrooms, which span a 50,000 square-foot area on a 5-acre lot previously owned by Boeing Co., are expected to bring in close to $250,000 in additional sales tax revenue per year.
San Pedro
Downtown Revitalization:
The Pacific Trade Center, located at 255 W. Fifth St., was demolished on Aug 6 after being vacant for 16 years. In its place, construction will begin on a 16-story glass condominium tower called the Vue. The project is estimated to cost $175 million.
Santa Clarita
Recycling Loan:
Canyon Plastics, a manufacturer of plastic products from recycled plastic, has received a $1.3 million low-cost loan from the City of Santa Clarita’s Recycling Market Development Zone. The company will use the loan to add a 27,000 square-foot facility to its existing 12,000 square-feet of space in Santa Clarita, tripling its production and warehouse capacities.
Increasing Tax:
The City of Santa Clarita realized $6.5 million in sales tax for the months of January through March, an increase of 8.2 percent as compared to the same period a year ago. The city credits the increase to the opening of new retail centers and increasing gasoline prices.
