Stories for May 2019

Friday, May 31

Nonprofit Eyes 120 Units of Affordable Housing in Panorama City

A major affordable housing mixed-use project will go before Panorama City Neighborhood Council's Land Use Committee this month.

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NetSol Buyback Program Sends Shares Up 11 Percent

The board of directors of NetSol Technologies Inc. has approved a $5 million stock repurchase to take place over the next 12 months, send the company’s share price up by double digits.

L.A. Investment Firm Pays $24 Million for Reseda Apartment Complex

Lion Real Estate Group, a Los Angeles based real estate investment and development firm, has sold the Park Terrace Apartments in Reseda for nearly $24 million.

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Thursday, May 30

Amgen Collaboration to Further Cancer Research

Amgen Inc., with the help of leading community oncology networks, has launched Amgen Community Oncology Research Collaborators, an initiative to introduce more people to clinical research.

Burbank Holds First Economic Summit

Burbank Chamber of Commerce and Better Burbank Corp., an economic development affiliate of the chamber, held its first annual Economic Summit at the Ikea in Burbank.

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Chatsworth Cell Phone Recycler to Close, Lay Off Workers

P4C Global, a Chatsworth company that recycles cell phones and batteries, is closing its office and warehouse this summer, resulting in the layoffs of 35 employees.

Funrise Acquires Caterpillar Toy License

Funrise Inc. in Van Nuys has inked a multi-year licensing agreement with Caterpillar Inc. to manufacture and distribute a line of toys based on the company’s construction machines and vehicles.

Wednesday, May 29

Tejon Ranch Criticizes Latest Centennial Lawsuit

Tejon Ranch Co. issued a statement Tuesday criticizing a lawsuit filed by an environmental organization to prevent the company from building its massive Centennial project.

IHOP Teases Another Name Change

International House of Pancakes this week teased another name change.

Palmdale School Bus Company Announces Layoffs

The loss of a contract with the Palmdale Unified School District by a bus transportation company may result in the loss of 133 jobs in the Antelope Valley city.

Exer Urgent Care Opens La Cañada-Flintridge Location

Exer Urgent Care opened its latest location in La Cañada-Flintridge with a ribbon cutting early Wednesday, according to a statement from the ER alternative company headquartered in Calabasas.

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Tuesday, May 28

Ventura County Medical Residency Celebrates 50 Years

The Ventura County Medical Center on Memorial Day weekend hosted its 50th anniversary celebration and alumni reunion for the Family Medicine Residency Program, according to a statement from the organization.

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City Attorney Seeks to Shut Down Valley Massage Parlors

The Los Angeles City Attorney’s Office held a press conference Tuesday to announce a crackdown against two massage parlors in the San Fernando Valley, accusing them of running fronts for prostitution and seeking injunctions to permanently shut them down.

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New CEO at Atara Biopharmaceuticals

Atara Biotherapeutics Inc. has appointed of Dr. Pascal Touchon chief executive officer and member of the board, the company announced Tuesday.

Monday, May 27

Newhall Fixes Up Gift Shop

New merchandise part of strategy to expand customer base.

Behind-the-Camera Awards

Association honors those who realize filmmakers’ visions.

Northridge Up Next for a Porto’s Bakery Location

Turning auto repair shop into Cuban cuisine purveyor could take 18 months.

Film Rental Firm’s New Digs

Facility designed with face-to-face business meetings in mind.

New Owner at Painting Shop

Art studio works to separate itself from the competition.

Britto Brightens Lamps Plus

Brazilian designer launches new collection for lighting retailer.

Pink Slips for Anthem IT Workers

Insurer downsizes locally while enlarging its footprint in Atlanta.

Health Expo and Career Fair

Screenings for kidney disease, blood pressure and HIV.

Community Connector

Pegi Matsuda personifies business-civic engagement in the Valley.

Consultant and civic leader Pegi Matsuda.

Farmers Flips Learning Switch

INSURANCE: Virtual reality aids in employee training program.

Farmers turns to high-tech training.

For Valley Landlords, Seismic Deadline Looms

REAL ESTATE: Owners of ‘soft story’ buildings balk at costs.

Earthquake retrofits fall short of deadline.

Techie Tries Authorship

Entrepreneur pens a humor book.

Sportsmen’s Lodge Awaits Renovation

Event center to convert to retail in $100 million makeover.

Sportsmen’s Lodge to be renovated for retail.

Orchestra Gives to Van Nuys School

Conductor Carlo Ponti Jr. pledges net subscription funds to education.

Skin Drug Scarcity

BIOTECH: Arcutis follows a virtual model while seeking updated dermatology treatments.

Arcutis seeks updated dermatology treatments.

China Beckons as Market for NetSol’s Software

TECHNOLOGY: Management hopeful for double-digit growth this year.

NetSol Technologies targets Chinese market.

VICA’s Victory Lap

Valley advocacy organization looks back at 70 years of lobbying for the interests of the region’s businesses.

VICA celebrates 70th anniversary.

Disneyland’s Galaxy Borrows From Universal

Harry Potter provides the model, but Disney may raise the wow factor bar.

Friday, May 24

Money Meets Tech

Long considered a personal touch business, financial management firms discover that information technology has become vital to sustainable growth.

Green New Deal: What’s the Cost?

Costs of Green New Deal.

Single-Focus Shops

The San Fernando Valley is awash in unusual specialty stores.

Single-themed shops in the Valley.

Around the Valleys: May 27, 2019

News and notes from the greater San Fernando Valley

Calabasas Stays Strong in Wildfire Aftermath

Automotive, hotel developments coming post Woolsey Fire.

Calabasas stays strong in wildfire aftermath.

Glendale Brokers Unite for a Night

Reception highlights newcomers to retail, hospitality.

The city of Glendale’s Economic Development Division hosted Glendale’s Broker Reception at Eden on Brand on May 8, attracting some 60-plus attendees, primarily from the local real estate industry.

7-Eleven Ignites Local Backlash

Thousand Oaks’ outcry spurs project’s defeat at hearing.

During a planning commission hearing last month, the city of Thousand Oaks, in a 4-0 vote, defeated a developer’s proposed 7-Eleven Inc. convenience store on a long-unoccupied parcel of land across the street from a high school.

But if We Build It, They May Come

Impact of a sports stadium in Warner Center.

KB Home Opens Sapphire Dunes Development in Lancaster

KB Home has opened a new collection of single-family homes for sale at Sapphire Dunes in Lancaster.

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Deluxe Hires President of Post-Production

Deluxe Entertainment Services Group in Burbank has hired James Haggerty as the new president of post-production at subsidiary Deluxe Creative Services.

BYD to Install Solar at Antelope Valley Plant

BYD Motors Ltd. has partnered with Apparent Inc. on a two-megawatt solar and energy storage project at its Lancaster manufacturing plant.

Preview: For Valley Landlords, Seismic Deadline Looms

REAL ESTATE: Owners of 'soft story' buildings balk at costs.

Preview: Farmers Flips Learning Switch

INSURANCE: Virtual reality aids in employee training program.

Student Helps Tarzana Homeless

Hospital hosts blessing ceremony for donated supplies.

Rachael Rosenberg, 13, has made a name for herself as a young philanthropist.

Thursday, May 23

Dressbarn to Close All Stores

Dressbarn, the value clothing retail chain specializing in women’s career wear, is shuttering all of its 650 stores, including its Santa Clarita Valley location.

Encino Apartment Building Sells for $7.4 Million

A 27-unit multifamily property at 5354 Yarmouth Ave. in Encino has sold for $7.4 million, or $342 per square foot.

Notices for Ventura County Health Jobs Eliminated Ahead of Layoffs

Ventura County supervisors has voted to delete notices for 137 vacant health care positions from the county health agency’s website.

Sherman Oaks Law Firm Changes Name, Adds Partner

The family law firm formerly known as Brot & Gross has changed its name to Brot Gross Fishbein LLP with addition of a new partner.

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Wednesday, May 22

Westlake Village Fintech Firm Joins Draper Venture Network

Goren Holm Ventures, a fintech firm based in Westlake Village, has joined Draper Venture Network’s DVN Beta program.

Amgen to Buy Copenhagen’s Nuevolution

Amgen Inc. late Tuesday announced a cash tender offer to the shareholders of Nuevolution, a drug discovery company in Copenhagen, Denmark.

San Fernando Automotive Property Sold

A 18,000-square-foot signalized corner lot at 1203 N. Maclay Ave. in San Fernando has sold for $1.42 million.

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Health Care Union Rallies at Kaiser Locations

Health care workers rallied at the Kaiser Permanente Medical Center in Woodland Hills on Wednesday, led by SEIU-United Healthcare Workers West.

Tuesday, May 21

L.A. Pierce College Appoints New President

Los Angeles Pierce College in Woodland Hills has chosen Alexis Montevirgen as its next president.

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Jet Edge Creates Aircraft Brokerage Division

Jet Edge International has created a new division focused on aircraft sales and appointed Kevin White, a veteran aviation professional, as its president.

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Endonovo Partnership to Distribute Devices to Veterans

Endonovo Therapeutics and Jacksonville-based Veterans Healthcare Supply Solutions have entered into a long-term agreement to distribute SofPulse devices to Veterans Administration facilities and the Department of Defense Healthcare facilities.

Monday, May 20

Valley Economic Alliance to Recognize Schools, Educators

The Valley Economic Alliance will recognize San Fernando Valley schools, students and staff for their national achievements in education at the organization’s board of governors meeting on Tuesday.

Northridge Hospital Appoints Chief Nurse Executive

Northridge Hospital Medical Center has appointed Reshea Holman as chief nurse executive officer.

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Talaria Project Opens in Burbank After Nearly Two Decades in Development

Talaria – a for-rent housing, office and retail project in Burbank – has officially opened after nearly two decades in the making by developer Cusumano Real Estate Group.

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Logistics Firm Renews Two Leases in Van Nuys

Moulton Logistics Management Inc. has renewed leases for 255,404 square feet of industrial space at two adjacent properties in Van Nuys, according brokerage firm CBRE Group.

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Friday, May 17

Chamber Celebrates Conejo Retail, Restaurants at MIXPO

Despite the threat of inclement weather, Greater Conejo Chamber of Commerce smoothly hosted MIXPO, an outdoor business expo-plus event held at Los Robles Greens in Thousand Oaks Wednesday, improving on the previous year’s Mega-Mix business expo in terms of scope and attendance.

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Four-story Senior Housing Proposed for Sherman Oaks

Los Angeles-based Mercy Housing has submitted a proposal to redevelop the site of a 1940s triplex at 14534 Burbank Blvd. into a 55-unit apartment building earmarked as affordable housing for low-income seniors, according to an Urbanize.LA report.

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Report: Dodgers Wanted Minor League Team in Valley

A Los Angeles Times story on Friday confirmed what has long been rumored: The Los Angeles Dodgers and the Westfield Group wanted to bring a minor league baseball team to the San Fernando Valley only to have that notion quashed by the Los Angeles Angels of Anaheim.

Sportsmen’s Lodge to be Redeveloped

Plans to raze Studio City’s iconic Sportsmen’s Lodge event center and build an upscale outdoor shopping mall on the property are officially underway after years of strained negotiations and ownership changes.

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Thursday, May 16

Luncheon Celebrates Induction of Calabasas Mayor Shapiro

The city of Calabasas on Thursday celebrated the arrival of new mayor David Shapiro with its annual Mayoral Luncheon that doubled as a state of the city event.

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CareerArc Hires Execs

Human resources technology company CareerArc has expanded its leadership team with several new hires.

Seven Lakes Expands to Texas

Seven Lakes Technologies, a Westlake Village developer of software products for the oil and gas industry, announced the opening of an office in Midland, Texas.

Official: IT Workers Laid Off at Anthem

Anthem Inc. has laid off information technology professionals nationally with at least some of the affected employees in the Valley area, according to Kenn Phillips, the chief executive of the Valley Economic Alliance.

Sacramento Nixes Bill to Allow More Housing in Single-Family Areas

A high-profile bill that would have allowed increased home building near mass transit stations and in single-family neighborhoods across California was defeated on Thursday.

Wednesday, May 15

Encino’s Scratch, Northridge’s Boba Truck Partake in Month-Long Food Fest

The Third Annual Los Angeles Times Food Bowl is currently underway throughout May. Several San Fernando Valley eateries have been brought into the fold to participate.

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Report: Disney Starts Layoffs

Walt Disney Co. has started layoffs at its studio operations and those of 20th Century Fox, according to media reports.

Business Coalition Rallies to Amend Dynamex

A coalition of business owners and independent contractors in the Valley area, Pasadena and Burbank held a press conference this morning urging legislators to amend the Dynamex court decision.

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Tuesday, May 14

Print Shop to Close; 114 Lose Jobs

Sinclair Printing will eliminate 114 positions as it closes its Palmdale facility to consolidate its operations in California.

Program Seeks to Boost Minorities in Tech

A coalition of tech companies and venture capital firms is starting an internship program this summer to address the lack of minorities in the tech industry.

Good Results for Sienna’s Psoriasis Trial

Sienna Biopharmaceuticals, a clinical-stage biopharmaceutical company, has seen promising biopsy data in its most recent clinical trial of a topical solution for psoriasis, according to a statement from the company on Tuesday.

Disney Takes Full Control of Hulu

The Walt Disney Co. has acquired Comcast’s one-third stake in Hulu and now has full control of the streaming service.

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Monday, May 13

IHOP Tweet Sparks Some Outrage on Internet

IHOP got some unwanted attention as a result of a controversial tweet on Mother’s Day.

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Developer Proposes Mixed-Use Complex in Glendale

Project applicant Mikael Galestian under the LLC New Dawn Enterprises has presented a plan to Glendale Design Review Board to replace existing structures at 3508-3514 Verdugo Road.

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Construction Underway at Camarillo Senior Village

Construction is underway on incoming Oakmont of Camarillo, due for completion this winter.

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Not by Design

Special Report : Health Care

Former graphic artist Paula Wilson took roundabout path to become chief executive at Valley Community Healthcare in North Hollywood.

Firm Stays Put Post-Acquisition

New owners to keep Platinum Tools in Newbury Park.

Mending Kids Offers Non-Emergency Surgeries

Glendale organization wants to expand mission program year-round.

Simi Valley Convenes Street Fair

About 20,000 people attended event that drew support from 400 businesses.

Harbor Freight Supports Trades

Tool retailer awards money to educators to address looming shortage in workforce.

Hospitals Get Bigger

Special Report : Health Care

Health care systems in the Valley need to expand their footprint as they plan more medical specialties and patient amenities.

Moorpark’s Aspiring Tech Hub Filling Up Fast

AeroVironment leases industrial facility on Princeton Avenue.

Running a ‘City’ Takes an Alliance

Strong alliance needed to run the Valley.

Why We Need to Pass Measure EE

Support Measure EE for education funding.

AROUND THE VALLEYS

News and notes from the greater San Fernando Valley

News and notes from the greater San Fernando Valley

Where Master-Plan Dreams Still Come True

CONSTRUCTION: Santa Clarita Valley realizes the vision of its founders.

Building boom in Santa Clarita Valley.

Online Sellers Buying Robots

TECHNOLOGY: Warehouses integrate humans, automation.

Ecommerce gravitates to robot maker.

Makeover for Break Room

FOOD SERVICE: Micro markets replace vending machines.

Micro markets take place of vending machines.

VALLEY INSIDER

Peer Group Provides Comfort Zone for CEOs

Peer group for CEOs.

Cal Lutheran Greenlights Film Program

Faculty cites proximity to Hollywood, alumni support as strengths.

Cal Lutheran rolls out new film, TV program.

Hotel Room Luxury

MANUFACTURING: As chains upgrade, furniture maker caters to travelers’ contemporary tastes.

Carson Norcross builds luxury hotel furniture.

Wesco 2020 Plan En Route to Higher Revenues

AEROSPACE: Analyst sees year of heavy investment followed by benefits.

Wesco Aircraft plan leads to higher revenues.

A Mall Overhaul

Public hearing reveals new features of Westfield’s $1.5 billion Promenade 2035 development in Woodland Hills.

Details of Promenade 2035 project.

Mixed Feelings as Sada Sells Off Microsoft Unit

NoHo firm splits business knowing ‘carve-outs can be challenging.’

Aerospace Firm Learns Spanish

Structural Integrity brings FAA certification expertise.

CSUN Links Golf and Construction

Annual charity drive raises $145,000 for students.

Annual charity drive raises $145,000 for students.

Putting Out Fires

Special Report : Health Care

During her first year, Chief Executive Precious Mayes avoided 11 near-closures at Pacifica Hospital of the Valley.

Friday, May 10

Virgin Galactic Leaves Mojave for New Mexico

Virgin Galactic will move its spaceline staff and space vehicles from Mojave Air & Space Port to New Mexico starting this month.

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New Owners at AMS Fulfillment

The owners of AMS Fulfillment have sold a majority stake in the ecommerce warehousing and fulfillment business to private equity firm Fort Point Capital.

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Preview: Building Better Care

Hospitals cater to patient demand for treatment close to home.

Preview: A Mall Overhaul

Public hearing on Westfield’s Promenade 2035 project.

Thursday, May 9

Casamba Partners with Physical Therapy Software Company

Casamba, an electronic medical record provider, has added Milwaukee-based Alinea Engage to its partner network, according to a statement from the Agoura Hills company.

BlackLine to Open Northern California R&D Office

BlackLine Inc. will open an office next month in Pleasanton to tap into the resources of the tech scene in Silicon Valley.

Tamara Hughes Gustavson to Chair American Homes 4 Rent Board

American Homes 4 Rent has named Tamara Hughes Gustavson as chairwoman of its board of trustees, the company announced Thursday.

Newhall Hospital Opens Gift Shop After Remodel

Valencia’s Henry Mayo Newhall Hospital welcomed visitors to its reopened gift shop with a ribbon-cutting celebration.

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Wednesday, May 8

Weiler’s Deli to Close

Weiler’s Deli in Northridge will close when the strip mall it resides in is demolished later this year to make way for office buildings.

PennyMac Mortgage Prices Public Offering

PennyMac Mortgage Investment Trust on Wednesday announced the pricing of a public offering of 8 million common shares, which would yield the company $169 million before expenses.

Indose Raises $3.5 Million

Cannabis company Indose announced it has raised $3.5 million.

Disney Tops Earnings Estimates

Walt Disney Co. beat Wall Street estimates on earnings and revenue in the fiscal second quarter. The Burbank entertainment and media giant on Wednesday reported net income of $5.4 billion ($1.61 a share) on revenue of $14.92 billion for the quarter ending March 30.

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Tuesday, May 7

Orly International Sells Industrial Land in Van Nuys

A mini-storage operator has purchased 1.27 acres of industrial land in Van Nuys from cosmetics manufacturer Orly International Inc. for an undisclosed amount.

Nonprofit Developer Proposes NoHo Apartments

North Hills-based nonprofit developer Abbey Road Inc. has proposed to build a four-story, 103-unit affordable housing complex in North Hollywood.

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DataDirect Buys Storage Firm Nexenta

DataDirect Networks will acquire Nexenta, a software-defined data storage company serving 5G and Internet of Things markets.

Monday, May 6

Six-Story Aloft Hotel Under Construction in Glendale

Construction of Aloft Hotel is underway north of downtown Glendale, according to Urbanize.LA.

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Simi Valley Town Center Struggles

The Simi Valley Town Center may be heading toward foreclosure after defaulting on payments.

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Palmdale Plant Receives $17.7 Million Tax Benefit

California State Treasurer Fiona Ma has awarded Northrop Grumman Corp. a $17.7 sales tax exclusion for the purchase of new equipment to expand and upgrade its aerospace manufacturing factory in Palmdale.

Amgen Partnership to Further Oncology Research

Amgen Inc. will collaborate with San Francisco-based Syapse, a precision medicine company, to further oncology research, according to a statement from the Thousand Oaks company.

Friday, May 3

Valencia Pipe Co. Signs $10 Million Lease

Valencia Pipe Co. Inc., a division of VPC Global, has signed a lease for 170,990 square feet at Vista Business Park in Valencia for $10.1 million, according to an announcement from brokerage CBRE Group.

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Houston Developer to Build 394 Apartments in Canoga Park

Houston-based real estate firm Hanover Co. has gained approvals from the city of Los Angeles to redevelop a Canoga Park property into a 394-unit apartment building.

Calabasas Chamber Looks for New CEO

The Calabasas Chamber of Commerce is looking for a new leader after Pamela Kissel, the former chief executive, unexpectedly stepped down last month.

Biostatistics Professor Joins Simulations Plus Board

Dr. Lisa LaVange has joined the board at Simulations Plus, according to a statement from the Lancaster company.

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Thursday, May 2

Exer Urgent Care Opens Westlake Village Location

Exer Urgent Care opened its newest location in Westlake Village on April 24, according to a statement from the health clinic chain.

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Simi Valley Warehouse Sells for $8.2 Million

The 53,799-square-foot Malabar International building in Simi Valley has sold for $8.2 million.

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Wesco, BlackLine Beat Wall Street Expectations

Both Wesco Aircraft Holdings Inc. and BlackLine Inc. beat Wall Street estimates for the second quarter.

Ventura County Coalition Calls Wildlife Ordinance 'Overreach'

A Ventura County agribusiness group has filed a lawsuit against the county to oppose new rules that will restrict the use of 163,000 acres of private and public land.

Wednesday, May 1

Amgen’s Breakaway Challenge Coincides with Cycling Tour

Ahead of its May cycling event, Amgen Inc. has launched the Breakaway Challenge initiative, a national social fitness program aimed at motivating people to be healthier in the face of heart disease and cancer.

Porto’s Bakery to Open in Northridge

Porto’s Bakery & Café is coming to Northridge.

Simi Valley Mixed-Use Site Sells for $18.5 Million

A 12.8-acre mixed-use development site in Ventura County has sold to Province Group for $18.5 million.

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AeroVironment to Open New England Innovation Center

AeroVironment Inc. plans to create a New England Innovation Center near Boston, the first such engineering center by the company outside of California.