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Van Nuys, Lancaster Airfields Receive Federal Funding

The U.S. Department of Transportation has awarded $23.1 million in infrastructure grants for work at Van Nuys Airport and at Fox Airfield in Lancaster.

Toluca Lake Land Parcel Sells for $2 Million

A 9,683-square-foot development site in Toluca Lake has sold for $2 million, or $207 per square foot.

Stevenson Ranch La Quinta Inn’s $22 Million Sale Breaks Brand Record

La Quinta Inn & Suites Santa Clarita – Valencia has sold to a local private investor for $22 million, according to Atlas Hospitality Group, which arranged the deal.

$70 Million Renovation Begins at Westfield Topanga Mall

A $70 million renovation project is underway at the Westfield Topanga Mall in Woodland Hills, owner Westfield Corp. announced Wednesday.

Business Events Calendar

Business Events throughout the Valleys.

VICA Responds to Sidewalk Vending Law

The signature of Gov. Jerry Brown on a law to decriminalize sidewalk vending prompted a response from the Valley Industry & Commerce Association on Monday.

SnapMD Secures $7.1 Million Investment

SnapMD Inc., a telemedicine company based in Glendale, announced it has raised $7.1 million in funding.

L’Oréal Takes 240,000 Square Feet at Tejon Ranch

L’Oréal USA will house the regional logistics operation of its SalonCentrics subsidiary at the Tejon Ranch Commerce Center in Kern County.

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Westcore Spends $13.8 Million on Moorpark Warehouse

Westcore Properties has acquired a 114,556-square-foot industrial building in Moorpark for $13.8 million from Ventura firm Marcus Adams Capital.

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Designs Revealed for CSUN Student Housing Project

West Los Angeles real estate company Symphony Development and the Los Angeles office of design firm Steinberg Hart have revealed renderings for an apartment building project to address the housing needs for students attending California State University – Northridge.

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UCLA Health Expands at Encino Location

The Regents of University of California – Los Angeles have signed a lease to assume approximately 27,215 square feet of medical office space for UCLA Health.

Sylmar Industrial Property Sells for $6.6 Million

Sun Valley-based Ratner Property Management has purchased a $6.56 million industrial property in Sylmar with an eye to renovate it and upgrade its functionality and market value, according to the brokerage CBRE Group Inc.

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AeroVironment Lands $6 million Contract With Portuguese Army

AeroVironment Inc. has secured a nearly $6 million contract to provide its Raven drones to the Portuguese army, the Monrovia unmanned aircraft manufacturer has announced.

Drug Deal Extends MannKind’s Life Expectancy

BIOTECH: Timely infusion of $45 million bolsters finances.

MannKind agreement with United Therapeutics gives company a financial shot in the arm.

Local Schools Build Corporate Career Pipelines

LIST: Programs provide internships, seminars and off-campus experience.

AEG, Amazon.com Inc. and Wells Fargo & Co. are among the corporations that have established partnerships with Valley colleges and universities. Benefits for students range from ready-made career pipelines to a classroom at Staples Center.

IMT Hears Opportunity Calling in Music City

ACQuisition: Sherman Oaks investment firm lured by Nashville’s lower prices.

IMT Capital has acquired four apartment complexes in Nashville, Tenn. since the summer of last year. The Sherman Oaks developer and investment firm likes the Music City’s lower per-unit costs compared to L.A., principal David Tedesco said.

Residential Builder Adds Park to Portfolio

DEVELOPMENT: Firm creates open space as preface to 84-home Sylmar project.

Homebuilder opens park in Sylmar.

Kid-Friendly Retail

Mexican chain brings fresh approach to brick-and-mortar shopping with store opening at Glendale Galleria.

Mexican retailer with fun format to open in Glendale

Wipes a New Defense for Firefighters hedhery

Exposure to dangerous chemicals on the job poses threat to health.

Rescue Wipes reduce carcinogens.

The Number

Research sponsored by Princess Cruises in Valencia shows a growing number of U.S. workers don’t take their full complement of vacation time.

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