Stories for August 2019

Friday, August 30

Preview: Investor Group Calls Itself 'Hope for MannKind'

Shareholders seek better marketing for Afrezza.

Preview: Fast-Track Incubator

Cal Lutheran's Hub101 produces parade of viable companies.

Canadian Developer Eyes 857-Key Hotel in Glendale

Onni Group has proposed an 857-room hotel for downtown Glendale, to rise adjacent to an office building at 611 Brand Blvd.

Calabasas ‘Trophy’ Office Building on 17 Acres Sells for $24 Million

A 76,496-square-foot Calabasas building has sold for $24 million, or $314 a square foot.

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Thursday, August 29

NAWBO Ventura County Chapter Appoints Board

The Ventura County chapter of the National Association of Women Business Owners recently appointed its board of directors for the 2019-2020 term, the Moorpark Acorn reports.

Warner Center Land in Development Sells for $11.6 Million

A 2.3-acre parcel of land in Warner Center has sold for $11.6 million.

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SAG-AFTRA Reelects Carteris as President

Members of the Screen Actors Guild-American Federation of Television and Radio Artists voted Aug. 28 to give Gabrielle Carteris another two-year term as president.

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Carl’s Jr., AT&T Among Warner Bros. Partners to Promote ‘It’

Carl’s Jr., AT&T, Pop Secret and National Cinemedia are just some of the promotional partners Warner Bros. has collected for its New Line Cinema subsidiary’s “It Chapter Two.”

Wednesday, August 28

Judge Sides with Sanofi in Amgen Patent Dispute

A U.S. District Judge on Wednesday ruled against Amgen Inc. in a patent dispute between the Thousand Oaks biotech company and rival Sanofi, based in Paris.

Mr. Tortilla Gets Deal with Smart & Final

Mr. Tortilla, a family-owned food manufacturing startup in San Fernando, announced this week a distribution deal with warehouse-style food and supply chain Smart & Final.

Dine Brands Partners with Grubhub

Restaurant operator Dine Brands of Glendale on Tuesday announced a partnership with meal delivery platform Grubhub to feature more of its Applebee’s and IHOP locations on the Grubhub app.

Sherman Oaks Apartment Complex Sells for $9 Million

Real estate brokerage Marcus & Millichap has sold Mar Elias, a 24-unit multifamily property in Sherman Oaks, for $9 million, the company announced on Tuesday.

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Tuesday, August 27

Former Sunkist HQ Development Gets Squeezed

Developer IMT is scaling back the number of apartments and parking stalls for its proposed mixed-use overhaul of the former Sunkist headquarters property in Sherman Oaks.

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rePlanet Recycling Centers Close

Recycling center operator rePlanet LLC has closed all its recycling and processing facilities in California, including locations in the San Fernando, Santa Clarita, Conejo and Antelope valleys.

HemaCare Partners to Penetrate Chinese Market

HemaCare Corp., a provider of human blood and immune cells for medical therapies and research, has partnered with Vital River to distribute its product in the Chinese market.

Monday, August 26

Fernando Award Finalists Announced

The Fernando Award Foundation has announced the finalists for the 2019 Fernando Award.

LTC Acquires Missouri Skilled Nurse Center, Property for Development

Westlake Village-based LTC Properties Inc., a real estate investment trust focused seniors housing, announced Monday that it acquired a post-acute skilled nursing center plus a land parcel to develop a senior living project in Missouri.

Amgen to Pay $13.4 Billion for Psorasis Drug Otezla

Amgen Inc. on Monday announced it will acquire Otezla, a Celgene Corp. psoriasis drug, for $13.4 billion in cash.

Kim Kardashian to Launch Undergarment Line

Calabasas-based reality TV star Kim Kardashian West is slated to launch a new line of shapewear undergarments, dubbed Skims, on Sept. 10.

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Friday, August 23

Sherman Oaks Cinema Features Hollywood Photo Exhibition

ArcLight Cinema in Sherman Oaks is hosting a photography exhibit celebrating the work of photojournalist and Hollywood portrait photographer Mark Sennet.

Tariffs, Homeless Top Issues at VICA Congressional Luncheon

Four members of Congress spoke at the Valley Industry & Commerce Association’s Congressional Luncheon on Friday.

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L.A.'s New Football Team Named Wildcats

The XFL, a professional football league that will start in February revealed its team names and logos Aug. 21, with Los Angeles getting the moniker of Wildcats.

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Thursday, August 22

52-unit Apartment Building Coming to Mission Hills

Los Angeles City Planning Commission has approved plans for 52 one- and two-bedroom apartments in Mission Hills.

Tarzana Atrium Names Neuro Clinic as Latest Tenant

The Centre for Neuro Skills, currently based in Encino, is the newest tenant at Tarzana Medical Atrium.

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Valley Cannabis Advisory Group Presents Industry Trend Report

Sherman Oaks-based Primary Growth Partners, an advisory group focused on the cannabis industry, presented its California Trend Report.

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Galpin Unveils $2.5 Million Electric Lotus

Galpin Motors unveiled the world’s most powerful electric car Thursday at its Galpin Lotus dealership in North Hills.

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Wednesday, August 21

AeroVironment Donates Drones to 35 Agricultural Schools

AeroVironment Inc. has donated 87 Quantix hybrid drones ecosystems to the agricultural departments at 35 universities throughout the U.S.

Newbury Park LA Fitness Building Sold

The building that hosts an LA Fitness gym in Newbury Park has sold for an undisclosed price.

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Valley Pharmacy Owners Found Guilty of Health Care Fraud

Two Valley residents who ran a pharmacy were convicted Tuesday for running a $35 million fraud that billed Medicare for medicines that were never delivered.

Tuesday, August 20

Disney Announces Streaming Service Launch Dates

The Walt Disney Co. has unveiled international launch dates and pricing for its upcoming streaming service Disney+.

Firm Flips NoHo Office Building for 45% Increase

San Francisco firm Swift Real Estate Partners, which purchased the 5200 Lankershim Blvd. office tower in 2016 for $62 million, has upgraded the 175,000 square-foot structure and sold it for $91.3 million.

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ITV America Moving to NoHo

ITV America will be moving its workforce from Sherman Oaks to North Hollywood.

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Casamba Launches HomeTherapy Portal

Casamba, an electronic medical record provider based in Agoura Hills, has launched its HomeTherapy portal to help connect home health agencies to the wider health care network, according to a statement from the company on Tuesday.

Monday, August 19

Live Theater, Tech Blend in ‘Pacific Rim’

NoHo firm extends movie franchise to theme park attraction.

Glendale 34-unit Multifamily Property Sells for $9 Million

CBRE has announced the sale of a 34-unit multifamily complex in Glendale for $8.8 million.

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Lewitt Hackman Expands with GSA Addition

Lewitt Hackman will be adding four attorneys to its roster from fellow Encino law firm, Goldfarb Sturman & Averbach, on Sept. 1, following GSA's closing at the end of this month.

AeroVironment Wins $45 Million Army Contract for Unmanned Systems

AeroVironment has received a $45 million contract from the Army to produce RQ-11B Raven small unmanned aircraft systems for its security force assistance brigades.

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Insomniac Games Bought by Sony

Burbank video game developer Insomniac Games has been purchased by Sony for an undisclosed amount.

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A ‘Deadwood’ Emmy Nod for Visual Effects

FuseFX completes 15-year cycle from HBO series to movie.

FuseFX completes 15-year cycle from HBO series to movie.

How Valley Can Get Soccer League

Sports help build community.

Predicting a Scheduling Nightmare

Proposed predictive scheduling could be bad for business.

Around The Valleys

News and notes from the greater San Fernando Valley

News and notes from the greater San Fernando Valley

‘Beyond Live/Work/Play’

NoHo West combines 642 apartments with office and retail.

NoHo West combines 642 apartments with office and retail.

‘Once Upon a Time in’ … the Valley Region

Tarantino filmed in San Fernando, Santa Clarita and Simi valleys.

Tarantino filmed in San Fernando, Santa Clarita and Simi valleys.

Orchard Heads to L.A. City Hall

Valley voices go before City Council at hearing over orange grove.

Valley voices go before City Council at hearing over orange grove.

Pool Party for The Westerly’s Anniversary

Development celebrates milestone in Simi Valley.

Development celebrates milestone in Simi Valley.

Car Dealers Warn Tariffs Could Stifle Demand

LIST: Auto industry group predicts car payments would increase.

Payment increase projected ahead of proposed tariffs.

WANTED: WORKERS

Special Report: Manufacturing

The manufacturing industry faces a personnel shortage, with small companies particularly impacted. For now, apprenticeships are the answer.

Quest for Space

Special Report: Manufacturing

REAL ESTATE: Manufacturers face limited inventory to build or expand their facilities.

‘Trek’ Mission Appearing at Topanga Mall

Virtual reality chain Sandbox sets up shop in Woodland Hills.

Virtual reality chain Sandbox sets up shop in Woodland Hills.

Cheesecake to Buy Fox for $353 Million

North Italia, Flower Child chains expected to grow 20 percent a year.

North Italia, Flower Child chains expected to grow 20 percent a year.

Zevia Offering Nets $12M

Proceeds to finance growth for no-sugar beverage maker.

Proceeds to finance growth for no-sugar beverage maker.

Expressive Sox Aim to Lift Buyers’ Mood

Chatsworth manufacturer enters direct-to-consumer apparel market.

Chatsworth manufacturer enters direct-to-consumer apparel market.

Thermo Fisher Consolidates in West Hills

Transplant diagnostics center to integrate R&D and manufacturing.

Transplant diagnostics center to integrate R&D and manufacturing.

Kaiser Workers Approve Strike For October

Union vote could affect 3,600 workers in the Valley.

Union vote could affect 3,600 workers in the Valley.

Sienna Looks For ‘Strategic Alternatives’

Westlake Village biotech faces capital shortage for research.

Westlake Village biotech faces capital shortage for research.

MannKind Deal May Benefit Afrezza Users

One Drop technology improves glucose predictability.

One Drop technology improves glucose predictability.

Filming Brings $33 Million to Santa Clarita

Inclusion in 30-mile zone attracts Hollywood location shoots.

Inclusion in 30-mile zone attracts Hollywood location shoots.

Residents Rail Against Flight Changes at Airfields

AVIATION: Informational FAA meeting in Van Nuys turns confrontational.

AVIATION: Informational FAA meeting in Van Nuys turns confrontational.

Stage Shortage

By MICHAEL AUSHENKER Staff Reporter On Aug. 1, Hollywood tilted a little more northward with the official opening of Quixote Studios North Valley.  The debut of the $25 million facility with five sou

REAL ESTATE: New 75,000-square-foot film center in Pacoima joins Santa Clarita projects to meet Hollywood demand.

Chopra a Guru For Businesses

Valley entrepreneurs hear author, ‘Shark Tank’ investor.

Valley entrepreneurs hear author, ‘Shark Tank’ investor.

A Dream Solution For Loud Snorers

New NightLase treatment at Encino clinic tightens tissue in throat.

New NightLase treatment at Encino clinic tightens tissue in throat.

VaLLEY INSIDER

Rubber Duck Philanthropy in Palmdale

Rubber Duck Philanthropy in Palmdale

Comeback for Toys R Us Name

RETAIL: New format bodes well for industry.

RETAIL: New format bodes well for industry.

First Hotel on Lancaster Blvd.

HOSPITALITY: Opportunity Zone tax incentives spur project.

HOSPITALITY: Opportunity Zone tax incentives spur project.

Friday, August 16

MGA Entertainment Celebrates Launch of 24 Campus in Chatsworth

MGA Entertainment Inc. opened its new headquarters Thursday with a ribbon-cutting and groundbreaking.

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Preview: 21st Century Studios

Movie entrepreneurs move north in search of low-cost space.

Preview: First Hotel on Lancaster Blvd.

Opportunity Zone tax incentives spur project.

Local Companies Support Kid Ink Back-to-School Concert

Burbank’s Gain Federal Credit Union and Robert Hall & Sons Heating and Air Conditioning in Glendale will donate school supplies for a back-to-school benefit concert Saturday.

Thursday, August 15

Ventura County Credit Union in Merger

Ventura County Credit Union plans to merge with Pasadena-based L.A. Financial Credit Union, creating an institution with $1.3 billion in assets and serving 120,000 members.

Development Promises 106 Apartments for Studio City

The Crescent, a proposed development that would put 106 residential apartments at the intersection of Ventura Boulevard and Arch Drive in Studio City, has gone before Studio City Neighborhood Council's Land Use Committee.

Shopping Center Broker Returns to Marcus & Millichap

Brad Nathanson has been named senior managing director at Calabasas-based Institutional Property Advisors, a division of Marcus & Millichap Inc.

Wednesday, August 14

Capstone Receives Grid Certification in U.K.

Capstone Turbine Corp. has been certified to the United Kingdom Energy Networks Association G99 grid connection standard.

Feedonomics Ranks in Top 100 on Inc. 5000 List

oodland Hills software company Feedonomics has been selected by Inc. magazine as a top 100 firm on its 2019 Inc. 5000 list.

Valley Companies Caught in Stock Market Plunge

The stock market had its worst day of the year on Wednesday after the bond market gave warning signs of a potential recession.

Tuesday, August 13

CBRE Secures $12 Million Refinance for Moorpark Industrial Building

CBRE Group Inc. has arranged a $12 million refinance for a 143,973-square-foot industrial site in Moorpark.

Layoffs at Entertainment Partners in Burbank

Entertainment Partners, a payroll and software company for the entertainment industry, plans to permanently lay off 82 employees by the end of September.

Monday, August 12

Earnings: Interlink Electronics, Tix Corp.

Interlink Electronics Inc. reported a decrease in earnings and revenue for the second quarter.

100-unit Apartment Complex in Pacoima Sells for $23.5 Million

The 100-unit Branford Villas apartment complex in Pacoima has sold for $23.5 million.

Women’s Health Center Opens in Pacoima

Northeast Valley Health Corp. has opened a women’s health care clinic in Pacoima, as an extension of the company’s Pacoima Health Center.

Kaiser Unions Plan to Strike in October

Kaiser Permanente workers in California have voted to strike beginning in October, according to a statement from the Coalition of Kaiser Permanente Unions.

Friday, August 9

Wesco Bought by Private Equity Firm

Wesco Aircraft Holdings Inc. announced Friday that it is being acquired by private equity firm Platinum Equity in a deal valued at $1.9 billion.

Woodbridge Chief Pleads Guilty

Robert Shapiro, the former chief executive of Sherman Oaks-based Woodbridge Group of Cos., pleaded guilty this week to conspiracy and tax evasion charges related to his orchestration of a $1.3 billion Ponzi scheme in which over 7,000 investors suffered losses, according to authorities.

Business Journal Awards Trusted Advisors

The San Fernando Valley Business Journal held its annual Trusted Advisors Awards Thursday evening, honoring the Valley area’s top achievers in the areas of legal counsel, banking, accounting, insurance and wealth management.

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Thursday, August 8

Calabasas’ Topa Insurance Group Acquired

Investment firm Altamont Capital Partners has agreed to acquire Topa Insurance Group, a Calabasas-based subsidiary of Topa Equities in Los Angeles.

Tarzana Office-Medical Tower Trades for $22 Million

Optimus Properties, a real estate investment company in Los Angeles, has purchased a medical and office building in Tarzana for $22 million.

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MannKind Posts Bigger Numbers in Second Quarter

MannKind Corp. met analyst expectations for earnings and fell just short on revenue in the second quarter.

Marie Callender’s in Northridge Closes Amid Bankruptcy

Northridge has lost its Marie Calendar’s Restaurant & Bakery franchise after its parent company, Perkins & Marie Callender’s LLC, filed for Chapter 11 protection from creditors.

Wednesday, August 7

Meeting About Van Nuys Airport Turns Noisy

A Tuesday night presentation by Federal Aviation Administration officials about flight paths out of Van Nuys Airport turned boisterous when residents demanded changes.

Residents File Appeal Against Westfield Promenade Redevelopment

Woodland Hills residents are contesting the Westfield Promenade project roughly two weeks after officials at the city of Los Angeles approved the $1.5 billion development’s 7,500-seat arena component.

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Thermo Fisher Consolidates Operations in West Hills

Thermo Fisher Scientific officially launched its transplant diagnostics division in West Hills with a grand opening celebration.

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Valley Economic Alliance Secures Money to Repair Fernando Award Monuments

Valley Economic Alliance, under the leadership of Randy Witt, has secured $10,000 from L.A. City Councilmembers to repair to two San Fernando Valley monuments.

Tuesday, August 6

B. Riley, Brigade Capital Infuse $218 Million into Bankrupt Barneys

New York-based luxury retail chain Barneys New York Inc., which filed for Chapter 11 bankruptcy protection on Tuesday, has received $218 million in new financing from lending arms of Woodland Hills-based B. Riley Financial and Brigade Capital Management.

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Fox Entertainment Acquires NoHo's Bento Box

Fox Entertainment is buying Bento Box Entertainment, the animation house behind “Bob’s Burgers” and other animated hits.

Nominee for L.A. Valley College Presidency

Los Angeles Community College District Chancellor Francisco Rodriguez has nominated Barry Gribbons for the position of Los Angeles Valley College president.

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Laemmle Newhall Construction on Track During Takeover Talk

Construction of the newest Laemmle Theatres location in Old Town Newhall will continue despite rumors that the Santa Monica-based arthouse cinema chain may have new owners.

Disney Disappoints Despite Revenue Gains

Walt Disney Co. missed Wall Street expectations of adjusted earnings and revenue in the fiscal third quarter.

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Monday, August 5

Commercial Real Estate Veteran Joins Marcus & Millichap Board

Marcus & Millichap Inc. has expanded its board with the appointment of Lauralee Martin, effective Aug. 1.

MannKind Offers Predictive Technology to Afrezza Users

MannKind Corp. and One Drop have signed an agreement to integrate MannKind’s BluHale accessory device into the One Drop platform.

Sienna Biopharmaceuticals Explores 'Strategic Alternatives'

Sienna Biopharmaceuticals has retained Cowen as an independent financial advisor to explore “financial and strategic alternatives” to boost shareholder values.

Insurance Company Signs 50,000-Square-Foot Lease in Calabasas

Rising Realty Partners has committed Republic Indemnity to a 50,000-square-foot lease at The Park Calabasas in Calabasas.

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Despite Costs, CA Ranks High For Aerospace

California has more firms in sector than anywhere except Washington.

California ranked in the top five states for aerospace manufacturing, according to a new report released last month by professional services firm PwC.

The Big Five-0

San Diego Comic-Con International celebrates its 50th anniversary with Valley-region companies exhibiting their wares.

San Diego Comic-Con International celebrates its 50th anniversary with Valley-region companies exhibiting their wares.

VALLEY INSIDER

Attorney Runs Firm and Ironman Competitions

Lawyer runs in Ironman races.

Trademarks Hinge On Cuban Embargo

Moorpark cigar company determined to take case to Supreme Court.

Importer scores victory in trademark dispute.

Ventura County’s Startup Weekend

Hub 101 co-organizes business event in Port Hueneme.

Hub101 hosts weekend for entrepreneurs.

Car Wash Cuisine

RETAIL: Restaurants open inside auto-centric businesses to lower rent and test their menu.

Eateries find low rents in car washes.

So Far, Avery’s Adaptability Wins Over Investors

MANUFACTURING: Shares up on high-tech labels.

Avery Dennison having soft year.

Compete to Close

FINTECH: Two Valley software firms specialize in facilitating closure of companies’ books.

BlackLine versus FloQast in fintech battle.

Local Firms Work on Future Moon Landing

Mojave’s Masten to develop lunar lander technology for NASA.

Masten shoots for the moon.

Venture Fund To Focus on Santa Clarita

Investors look for entrepreneurs with experience, not college grads.

The Santa Clarita Valley’s efforts to create a tech community will get a financial boost in the coming months.

Updating L.A.’s Building Standards

Proposed ordinance will keep residents safe from fire.

Higher Ed’s Challenging Landscape

The challenging landscape of higher education

AROUND THE VALLEYS

News and notes from the greater San Fernando Valley

News and notes from the greater San Fernando Valley

Patios and Icebergs

Real Estate Quarterly

OVERVIEW: Quarter featured announcements for the future – and big deals right now.

Real Estate Quarterly

Large office and retail projects will reshape Valley.

MARKETS Large office and retail projects will reshape Valley.

GROWTH & SATURATION

special report : Co-working

Co-working — the hottest format in office real estate — may have its limits.

Eateries Fight Cancer on the Paramount Lot

Valley chains participate at ‘California Dreaming’ event.

Valley chains participate at ‘California Dreaming’ event.

Student Pilots Claim Clay Lacy Scholarships

Program addresses challenge of funding flight hours for license.

Program addresses challenge of funding flight hours for license.

CSUCI Awards Founders of Health Charity

Valencia’s Triumph Foundation assists spinal injury patients.

Valencia’s Triumph Foundation assists spinal injury patients.

Medtronic Seeks New Label for Insulin Pumps

Medicare reimbursement depends on sensor accuracy approval.

Medicare reimbursement depends on sensor accuracy approval.

Oakmont Looks To Riverpark

Assisted living development in Oxnard set to open this winter.

Assisted living development in Oxnard set to open this winter.

How Effective is That Dog Drug Off the Shelf?

Simulations Plus to test veterinary medicines for the FDA.

Simulations Plus to test veterinary medicines for the FDA.

Biosimilars From Amgen, Allergan For Sale in U.S.

List prices will start at 15 percent lower than original brands.

List prices will start at 15 percent lower than original brands.

Friday, August 2

New NASA Program Yields Work for Aerojet

Aerojet Rocketdyne has been chosen by NASA to be part of a new program to develop capabilities to benefit future space missions.

Preview: Quick End for ImmunoCellular

ImmunoCellular Therapeutics Ltd. – once a promising public biotech company working on cancer therapies – abruptly terminated its operations late last year.

Preview: Co-Working's Surge

More flex offices to open in the Valley, despite talk of saturation.

CRC Shares Plummet After Earnings Miss

California Resources Corp.’s stock price has fallen more than 22 percent since the Chatsworth oil and gas exploration firm released earnings.

Cydcor Sponsors Benefit Concert for Wildfire, Borderline Victims

Cydcor, an outsourced sales and customer acquisition company in Agoura Hills, will sponsor a benefit concert this weekend to raise money for people affected by local tragedies including the Borderline shooting in Thousand Oaks and the Woolsey and Hill fires.

Quick End for ImmunoCellular

BIOTECH: Publicly traded drug research firm liquidates assets.

Biotech firm sells assets.

Thursday, August 1

OTC Upgrades Exchange for US Nuclear

US Nuclear Corp. was upgraded to the OTC-QB market from the OTC Pink Marketplace this week, a move that helps the company engage new investors.

ServiceTitan Buys Montana Software Company

Glendale-based software company ServiceTitan Inc. has purchased CUC Software Inc., a move that will add more than 100 new customers in the Canadian market.

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Cheesecake to Acquire Phoenix Restaurant Chain for $353 Million

Cheesecake Factory Inc. announced it will acquire Phoenix-based Fox Restaurant Concepts.