Stories for June 2005
Thursday, June 30
The Glendale-based company announced the purchase of a shopping center in suburban Washington, D.C.
Countrywide Financial Group acquired a KB Home mortgage unit, and formed a partnership to make loans to KB customers.
Wednesday, June 29
MannKind, along with several other companies, is racing to receive approval for its inhaled insulin product. The market for inhaled insulin is expected to be over $3 billion in the next several years.
Tuesday, June 28
Westlake Village-based Tom's Hardware Guide will team with PriceGrabber to provide online comparison shopping.
Sport Chalet is transferring ownership from the company's founder to its current management team.
Monday, June 27
The Westlake Village firm completed the purchases of Web Marketing Holdings Inc. and E-Babylon Inc., which were announced on June 13.
Advanced Digital Imaging Research, LLC has been awarded a $100,000 grant from the National Institutes of Health for "Low Cost Automated Urinalysis Using Spectral Data."
Aqueduct Village in Granada Hills will consist of 20 single-family homes in the $600,000 range.
Thursday, June 23
The Valley Village Neighborhood Council gave a developer its approval to build a 96-unit condominium complex on a site that houses Steven's Nursery & Hardware.
Wednesday, June 22
Pacoima-based American Soil Technologies will distribute Reinke Pasco's irrigation systems in the state of Washington.
Smith will announce his plan to end landfilling Thursday afternoon at Bee Canyon Park in Granada Hills.
The median price of a single family home in the Valley in May rose 17.3% versus a year ago to $575,000, although sales volume rose only slightly to 1.4 percent.
Tuesday, June 21
The San Diego based company operates more than 300 franchise units across the country, including locations in Simi Valley, Thousand Oaks and Agoura Hills.
VICA's board said that future tax revenues should be used for highway improvements, and that the state should repay $2.1 billion.
The residential real estate brokerage will host a "Keller Williams Goes to Hollywood: A Night at the Oscars" party next Wednesday.
Monday, June 20
Thanks to a $1 million donation from alumnus Harvey Bookstein, CSUN will establish its first endowed chair at the university's College of Business and Economics.
Bob Hope Airport won top honors at the Valley Industry and Commerce Association's Excellence Awards.
Online Marketing firm ValueClick Inc. continues its buying spree with the purchase of two more companies.
Revenues at Image Enterainment jumped 40 percent annually, as the company posed a $5.1 million profit.
The Agoura Hills sound technology company opened offices in Hong Kong and Buenoa Aires, bringing the number of international facilities to 15.
The Women's Business Center moves into new headquarters with the Santa Clarita Chamber of Commerce.
The NeoPets.com Web site, which allows children to raise virtual pets, has more than 25 million members worldwide.
Students graduate from two different biotechnology training programs in Sun Valley.
The bank, which opened in late 2004, hopes to raise an additional $7 million
A decline in the number of young businesses in recent years may be due to a hangover from the dot-com bust.
Local entrepreneurs tell who helped them most along the way.
Venture capital action in the first quarter benefited semiconductor and software companies but biotech companies saw a significant loss of interest.
MannKind Corp. enters industry competition over inhaled insulin as an underdog.
Although great ideas are pivotal to a successful business, they are only the beginning.
Wednesday, June 15
The local distributor of performance tires and automotive products leased 17,000 square feet of space at Van Nuys airport.
Monday, June 13
ValueClick Inc. will spend $141 million to buy Web Marketing Holdings Inc., and agreed to buy E-Babylon Inc. in a separate transaction.
The purchase is a continuation of Disney's efforts to create interactive TV games, which feature some of the company's most popular movies and characters.
Friday, June 10
Superior Industries International Inc. today said that its second quarter earnings would be lower than earlier expected as a result of the continued decline in customer orders.
Chiropractor Nasrin "Nancy" Hadizadeh Fathi and Behrouz Beck Saffary were taken into custody on charges that they overbilled insurance companies for treatment of patients.
Thursday, June 9
Company of Heroes was named Best Strategy Game by the The Game Critics Awards, a group of journalists from media outlets across North America.
Aramark Uniform Services has acquired industrial textile rental company ALAC Garment Services, which will add about $4 million to its annual revenue.
Wednesday, June 8
The Center for Medicare and Medicaid Services has frozen approval of new physician-owned, limited-service hospitals until January of 2006.
The Burbank-based museum and theme park designer has completed its revitalization of the Sentosa Images of Singapore Experience Center, which will mark its grand opening later this summer.
Monday, June 6
The hotel industry may be having its best year since before 2001's terrorist attacks, but many Los Angeles hotels, like the Sheraton Universal, are still unable to attract as many guests as they would like.
Sales of some SUVs are still brisk despite high gas prices.
The complex is located adjacent to Burbank's media district and includes studio, one-bedroom, two-bedroom and townhome units.
The International Business Center at Pierce College has been named the chief United States representative for the Iraqi-American Chamber of Commerce International.
Lancaster Community Hospital comes one step closer to building a new hospital in Palmdale as it breaks ground on a medical office building.
GigaPix Studios arrives on the animation scene in the Valley setting up shop at a huge Chatsworth site.
A $10 million donation from Roy and Patricia Disney will help kick-start plans for a cancer center at Providence St. Joseph Medical Center.
Chatsworth-based urinalysis systems and medical device manufacturer buys unit of Quidel Corp.
The Chatsworth-based urinalysis and medical device manufacturer paid $500,000 in cash for the urinalysis business segment of Quidel Corporation.
A Ventura Boulevard property that was involved in a dispute between two partners was auctioned off for $9.8 million.
Despite the softening of local auto sales, news isn't all bad.
Complex rules and regulations combined with an increasingly litigious society are forcing auto dealers to spend more money and time on education and compliance.
While the recording industry has seen its ups and downs, one studio has been on an acquisition spree.
Senior Reporter Shelly Garcia writes that one of the pioneers in luxury rental housing in the San Fernando Valley, has put a portfolio of five of its properties up for sale
As it celebrates its 10th anniversary, the Economic Alliance of the San Fernando Valley faces a changed Valley.
Friday, June 3
The North Hollywood telecommunications company purchased two divisions of TGEC Corporation, adding 12,500 residential phone line to its customer base.
Winners of the awards will be announced on July 27 during an awards show at the Bellagio Hotel and Casino in Las Vegas.
Fairway Commercial Partners has sold the three buildings in its recently completed business park for more than $10 million.