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Northridge Plaza Sells for $55 Million

A shopping center in Northridge has changed hands for nearly $55 million, according to Investment Real Estate Associates in Encino.

Sports Academy Moves into Esports

Sports Academy announced Tuesday the opening of Sandbox Esports, a training facility for competitive video gaming.

Palmdale Inn Enters Receivership

The Palmdale Inn has been placed under the control of a receiver following a ruling by the Los Angeles Superior Court, officials announced late Monday afternoon.

Report: California Tops for Film Production Spending

California was the primary location of 12 out of the top 100 feature films released domestically last year, making it fourth on a list in a report released Tuesday by FilmL.A.

Home Prices Rise Again

Housing inventory continues to tighten in the San Fernando and Santa Clarita valleys, causing prices to rise again in April, according to the Southland Regional Association of Realtors Inc.

Business Events Calendar

Business Events throughout the Valleys.

Avery Dennison Buys Medical Products Maker

Avery Dennison Corp. on Monday announced it has acquired health care product manufacturer Finesse Medical Ltd. of Longford, Ireland.

PizzaRev Acquired by VC Firm

Fast-casual franchisor PizzaRev has been acquired by Cleveland Avenue, a venture capital firm founded by a former McDonald’s Corp. executive.

L.A. County Unemployment Rate Falls to 4.5 Percent

L.A. County’s unemployment rate fell to another new low of 4.5 percent in April, but in a sign that the local economy is close to full employment, employers in the county reversed their hiring trends and shed a net 7,000 jobs last month, state figures released Friday show.

Monster Digital Looks at Strategic Options

Monster Digital Inc. announced Friday it had hired Benchmark Co., a New York investment bank, to consider strategic alternatives for the company.

AT&T Workers Picket Local Stores

AT&T Inc. workers who are members of the Communications Workers of America walked off the job in 36 states today, with hundreds picketing at the telecom giant’s stores in Burbank and Santa Clarita.

Marcus & Millichap Opens New Ohio Office

Marcus & Millichap Inc. has opened an office of its Institutional Property Advisors division in Ohio.

B. Riley to Acquire Wunderlich Securities

B. Riley Financial Inc. announced Thursday that it will acquire Memphis, Tenn.-based Wunderlich Securities in a deal valued at $67 million.

German Light Grows Valley Presence

German Light Products, a lighting manufacturer based in Germany, has signed a lease for space in San Fernando as its new West Coast headquarters, according to commercial real estate brokerage Cushman & Wakefield.

Provision Acquires Kiosk Patent

A subsidiary of Provision Holding Inc. has received a patent to protect its application of 3D holographic technology for self-service retail kiosks.

Amgen Tour Pedals into Santa Clarita

The 2017 Amgen Tour of California is rolling through Santa Clarita Wednesday as the city is the finish line for the fourth day of the men’s weeklong bicycle race.

Popular Restaurant Closes Suddenly

Chuy’s Mesquite Broiler in Camarillo apparently has shut down after 20 years in business, according to the Ventura County Star and business review site Yelp Inc.

Chatsworth Firm to Pay for Fraud Claims

A Chatsworth water damage restoration company will pay almost $500,000 relating to an alleged four-year history of fraudulent business practices, according to city of Los Angeles’ attorney’s office.

GameWorks Acquired by Oomba

The assets of GameWorks Entertainment LLC are being acquired by social media and software development company Oomba Inc.

Neff Sold to Mad Engine

Action sports apparel and accessory brand Neff Headwear Inc. has been acquired by Mad Engine, an apparel licensing firm. Neff will move from Camarillo to Mad Engine’s Orange County headquarters as part of the deal, which also will see Neff co-founder and Chief Executive Shaun Neff join Mad Engine as chief creative officer.

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