Stories for November 2019

Friday, November 29

Credit Union Branch Slated for Palmdale

Edwards Federal Credit Union broke ground this month on its new flagship branch and administration building in Palmdale.

Special Designation Awarded to Amgen’s Anemia Drug

Amgen Inc. on Friday announced its anemia drug Nplate received an orphan drug designation.

Emergency Care Center Opening in West Hills

Exer Urgent Care will open its latest location in the San Fernando Valley on Wednesday at 6440 Platt Ave. in West Hills.

Wednesday, November 27

Forty Apartments in Glendale Sell For $10.6 Million

An entity called 401-403 Glenoaks has acquired a 40-unit multifamily property in Glendale from Interstate Equities Corp. for nearly $10.6 million.

Clean Energy Executive Joins Capstone Board

Capstone Turbine Corp. has appointed Denise Wilson to its board of directors.

CEO of Los Angeles World Airports to Step Down

Deborah Flint, chief executive of Los Angeles World Airports, the city agency that runs Van Nuys and Los Angeles International airports, will step down in March.

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Canyon Country’s Second T.J. Maxx to Take Vacated Bed Bath & Beyond Space

A new T.J. Maxx will replace a Bed Bath & Beyond that had closed its doors in September.

Tuesday, November 26

Wesco's Quarter Disappoints Analysts

Wesco Aircraft Holdings Inc. missed on Wall Street expectations on adjusted earnings and revenue in what may be its final quarter as a public company.

Thousand Oaks Apartment Complex Sells for Nearly $34 Million

The Stonepine Apartments, a 108-unit garden-style multifamily property in Thousand Oaks, has sold for $33.8 million.

Camarillo Promotional Products Company to Close

A Camarillo promotional products company is shutting down its operation in Ventura County, resulting in the loss of 145 jobs.

Hard Rock Café Leaves Universal CityWalk

Universal CityWalk will lose one of its cornerstone restaurants early next year when the Hard Rock Café closes its doors for good.

Monday, November 25

Avita Medical in Research Partnership With University of Colorado

Avita Medical, a regenerative medicine company in Australia with U.S. headquartered in Valencia, has partnered with the University of Colorado Anschutz Medical Campus to apply its Spray-On Skin Cells to patients with specific skin disorders.

Real Estate Brokerage Rex Raises $40 Million

Digital real estate brokerage Rex has raised $40 million in a Series C funding.

Northridge Medical Building Sells for Roughly $12 Million

A multi-tenant medical office building in Northridge has sold for an undisclosed price that — according to a source close to the deal —approaches $12 million.

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AeroVironment Settles With State Department on Export Violations

AeroVironment Inc. will pay a $500,000 penalty after reaching a two-year settlement agreement with the U.S. State Department over alleged export violations of defense equipment, including technical data.

Ventura’s Economy Looks Stubbornly Dire

Report delivers zero-growth forecast for county.

Ventura County’s economic outlook is dire as residents move out and development remains static, says economist Matthew Fienup.

ONE MORE THING

I’m Down with T.O.’s ‘Downtown’

Downtown Thousand Oaks will bloom with time.

AROUND THE VALLEYS

News and notes from the greater San Fernando Valley

News and notes from the greater San Fernando Valley

Monster in The Valley

Beverage company pays $34 million for property.

Monster Beverage Corp. has purchased an industrial property at 510 Park Ave. in the city of San Fernando for $33.7 million.

Rexford Buys R&D Site for $23 Million

Newmark Knight transacted Newbury Park industrial deal.

Rexford Industrial Realty has purchased a multi-tenant, class B industrial site in Newbury Park

Santa Clarita Projects Fill Out the Map

Business Journal field trip highlights developments.

The Business Journal’s Warner Center-based editorial team took a field trip to Santa Clarita Valley, where gatekeepers of various developments shared updates on their projects.

Employment Firms Hunt for Quality Candidates

THE LIST: Finding top talent in a booming economy poses special challenges.

Employment firms struggle to find quality workers amid strong national economy.

Venture Capitalist Joins AI Firm in Portfolio

Beyond Limits to benefit from expertise during scale-up phase.

In the venture capital business, it is not unusual for someone from an investment firm to go work at one of the companies in its portfolio.

Warehouse Robots Get New Software

InVia program update to increase efficiency of logistics operations.

InVia in Westlake Village updates software for warehouse picker machines.

A Merger of Technology Consultants

Faye Business Systems to target mid-size firms with CRM product.

Faye Business Systems Group has merged with Intelestream, a Chicago technology product development and consulting firm.

2019 Holiday Season Rush For Shoppers

Malls up their game with the winter shopping season.

As retailers enter their busiest time of the year, some of the Valley’s largest retail centers are going beyond the traditional mall Santa gimmick to attract holiday shoppers off the internet and into their stores.

Simi Valley Retailer Recognized by Amazon

Maker of grip aids is one of six award finalists.

Simi Valley medical retailer EazyHold nominated for Amazon.com Inc.’s first women-owned small business award.

Restaurant Openings, Closures

A compilation of changes in Valley region eateries.

A compilation of changes in Valley region eateries.

Public Fire Settlement

SoCal Edison to pay $360 million to cities, counties.

Southern California Edison will pay $360 million to settle a lawsuit with 23 public entities

Corporate Firm Adds Associate

Alison Brandon joins Nevers Palazzo in Westlake Village.

Westlake Village law firm Nevers Palazzo Packard Wildermuth and Wymer PC has hired Alison Brandon as a corporate associate

Compliance Complexity For Valley Pot Vendors

Van Nuys shop serves as guinea pig for Blaze system.

Software company Blaze helps pot shop The Reefinery meet regulations.

PennyMac’s Antitrust Suit On Software

Custom upgrades to ‘antique’ program at center of dispute.

PennyMac Financial Services Inc. this month announced it has filed a countersuit against Black Knight Inc.

SRG Plus Squar Milner Equals Bigger CPA Firm

Accounting: Merger promises ‘specialized resources’ to customers.

Squar Milner to acquire Woodland Hills accounting firm SRG.

Cell Startup

BIOTECH: Flush with $57 million in venture capital, A2 Biotherapeutics seeks a new way to kill cancer cells.

A2 Biotherapeutics emerges from stealth mode with $57 million in Series A financing.

Interlink Adds Machine Sensors to Human Touch

TECHNOLOGY: Keyboard manufacturer sees market in Internet of Things.

Interlink Electronics expands to supply components for Internet of Things.

Entrepreneurial Pet Owner Makes Trackable Tags

WIRELESS: With Bluetooth-enabled technology, lost dogs are found on phone.

Oak Park startup Huan uses Bluetooth tags and a phone app to monitor pet locations.

Wesco Acquisition Leaves Money on the Table

AEROSPACE: Analyst, lawsuits claim future would bring higher price.

Valencia’s Wesco Aircraft Holdings Inc. plans to be acquired for $1.9 billion, but analysts and shareholders think payout price should have been higher.

Anywhere Drone

TRANSPORTATION: The Rhaegal could land a 1,000 pound cargo payload in your backyard.

Sabrewing to test air cargo drone with 1,000-pound capacity in Antelope Valley.

Drone Defense to Protect Airports

Infrastructure and conversations vulnerable to flying intruders.

34 North in Burbank has developed a drone defense system for airports and military clients.

VALLEY INSIDER

CFO Gets Reassigned

Marcus & Millichap Inc.’s Chief Financial Officer Marty Louie transitions to new role.

Amazon’s Supermarket

E-commerce giant tests retail concept with first store in Warner Center

Amazon.com Inc. debuts new supermarket concept in vacant Toys-R-Us in Warner Center.

OPED

Past Leaders Serve as Role Models

Nation starving for economic leadership.

Friday, November 22

Calabasas City Council Puts Housing Project on Ballot

Following a contentious meeting Thursday night, the Calabasas City Council decided by a 3-2 vote to put a proposal about adding 11 buildings with 161 affordable housing units on the ballot for city voters next March.

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Preview: Vertical-Landing Cargo Drones in Development

Test flights to begin in Antelope Valley.

Preview: Amazon's Supermarket

E-commerce giant tests retail concept with first store in Warner Center.

Tarzana Car Wash and Falafel Stand Make Way for Apartments

Crazy Falafel, a popular falafel and kabob stand, and its host business Crazy Car Wash in Tarzana will be demolished to make space for 59 apartments after receiving Los Angeles City Council’s approval.

CSUN President Dianne Harrison Retires

Dianne Harrison, president of California State University – Northridge, announced on Thursday her decision to leave her position at the college effective June 30 next year.

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Invesco Tourney Moves to Florida

Conejo Valley’s final PGA event ends with comeback victory.

Invesco QQQ Championship leaves Ventura County.

Thursday, November 21

Amgen to Lay Off 172 Workers

Amgen Inc. will lay off 172 employees in December from its headquarters facility in Thousand Oaks.

Mission Oaks Corporate Center Sells for $11 Million

Mission Oaks Corporate Center, a flex industrial building located at the Mission Oaks Business Park in Camarillo, has sold for $11 million.

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Cast & Crew Acquires U.K. Payroll Firm

Entertainment accounting firm Cast & Crew has acquired Sargent-Disc, a United Kingdom-based provider of payroll and accounting software for film and television clients.

Avery Dennison Pays $249 Million for Radio Tag Operation

Glendale label and industrial supply company Avery Dennison Corp. announced Wednesday an agreement to purchase Smartrac’s transponder division for 225 million Euros, or $249 million.

Wednesday, November 20

Galpin Displays at Auto Show

Galpin Auto Sports was among the exhibitors taking part in Automobility LA this week at the Los Angeles Convention Center, the conference of transportation professionals and news media that precedes the Los Angeles Auto Show.

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Jenner’s Big Sale Faces Big Tax Bill, Too

When entrepreneur and reality star Kyle Jenner agreed to sell a 51 percent stake in her Oxnard-based beauty company for $600 million to Coty Inc., she also put herself in position to pay more than a third of that money in taxes, according to a report from Fox Business.

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California Resources’ Stock Recovers a Bit After Tuesday Shock

The stock of California Resources Corp., the state’s largest independent oil and gas producer, bounced back somewhat on Wednesday after taking a drubbing one day earlier when Gov. Gavin Newsom imposed new regulations on hydraulic fracking and steam-injected oil drilling in the state.

New, Roomier Offices for Cruise Company

AmaWaterways, headquartered at 26010 Mureau Road in Calabasas, on Wednesday signed a 50,000-square-foot office lease at The Park Calabasas.

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Tuesday, November 19

Private-Label Manufacturer Blue Cross Labs Acquired

Blue Cross Laboratories in Santa Clarita has been acquired by Starco Group of Santa Monica.

New NetSol Executive to Focus on Europe

NetSol Technologies Inc. has appointed Chris Mobley as the new head of its NFS Ascent Wholesale operation in Europe.

HemaCare Launches Bone Marrow Product Line

HemaCare Corp., a provider of human blood and immune cells for medical therapies and research based in Northridge, has expanded its product line to include special types of bone marrow.

Monday, November 18

Avita Medical Names New CFO

Avita Medical has named David McIntyre as the company’s new chief financial officer.

Teledyne Sells Seismic Instruments to Norwegian Marine Company

A division of Teledyne Technologies Inc. has received a contract to supply seismic source controllers to PGS ASA, a Norwegian marine geophysical company.

Eight Glendale Warehouses Sell for Nearly $26 Million

Pacific States Box & Basket Co. Inc. has sold a portfolio of eight Glendale industrial buildings totaling 131,050 square feet for $25.5 million.

Friday, November 15

Valley’s SRG Merges into Squar Milner Accounting Firm

Squar Milner, one of the largest independent accounting firms in California, announced Friday that it will be combining with Woodland Hills-based SRG, making Squar Milner the third largest accounting firm in the San Fernando Valley area.

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AeroVironment Secures $12 Million Contract with Middle Eastern Country

AeroVironment Inc. has received a $12 million contract from a Middle Eastern country to supply spare parts, repair services and logistics support for an existing fleet of Puma and Raven unmanned aircraft.

'Babylon,' 'Little Shop of Horrors' Among Films Awarded Tax Credits

The big-budget feature “Babylon” and a remake of “Little Shop of Horrors" were among 13 films to receive tax credits from the state, the California Film Commission.

Developer Seeks to Clear Panorama City Warehouses for 239 Senior Units

USA Properties Fund Inc. has proposed to replace 2.2 acres of industrial facilities in Panorama City with 239 units of senior apartments.

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Thursday, November 14

Economist Recommends Housing to Correct Ailing Ventura County Economy

Matthew Fienup, executive director of the Center for Economic Research and Forecasting at California Lutheran University, shared his annual breakdown of the dynamics affecting the economy on the national, state and Ventura County levels.

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LADOT Buys 130 Electric Buses From BYD

The Los Angeles Department of Transportation has ordered 130 electric buses from BYD Motors Ltd., the Chinese electric vehicle manufacturer.

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Santa Clarita Bank Proposes Stock Split

The Bank of Santa Clarita on Thursday announced a proposed three-for-two stock split of its common stock.

Qualstar Develops Data Storage Product With Sony

Qualstar Corp. announced Thursday it has developed a prototype enterprise class library product with Sony Imaging Products & Solutions Inc.

Wednesday, November 13

Monster Beverage Buys San Fernando Site for $33.7 Million

Monster Beverage Corp. has purchased an industrial property at 510 Park Ave. in the city of San Fernando for $33.7 million.

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AeroVironment to Upgrade Drone Radio System

AeroVironment Inc. received a U.S. Army contact valued at up to $55 million to modify radio frequency communications for one of its unmanned aircraft systems.

SoCal Edison Settles With Counties, Cities for Fire Damages

Southern California Edison will pay $360 million to settle a lawsuit with 23 public entities for damages from the 2017 Thomas and Koenigstein Fires, the 2018 Montecito Debris Flows and the 2018 Woolsey Fire.

Tuesday, November 12

Discovery Cube Gets Backing from Businesses

Valley area businesses and civic-minded people pledged more than $164,000 Tuesday morning to support Discovery Cube Los Angeles.

Sports Research Facility to Open in Westlake Village

Los Angeles-based Herbalife Nutrition and Proactive Sports Performance in Thousand Oaks announced they will open a sports center in Westlake Village by the end of next year.

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Earnings: NetSol Technologies, Interlink Electronics

NetSol Technologies Inc. missed Wall Street expectations, while Interlink Electronics Inc. saw an increase in revenue and earnings in the third quarter.

Granada Hills Nonprofit Founder Wins Award From L'Oreal

Raja Marhaba, a Granada Hills resident and founder of the nonprofit Johnathan Foundation for Children with Learning Disabilities, was chosen as one of 10 winners of L’Oreal Paris’ 2019 Women of Worth Awards.

Monday, November 11

Fill-in for NoHo’s Tight Home Scene

Verono Homes project makes most of small-acreage parcel.

Outline at NoHo has jumped categories from contour into full-scale in-fill.

Warner Center Fry’s a Most Extraordinary Commercial Sale

Electronics retailer’s Woodland Hills property sells to BLT Enterprises for $35 million.

Warner Center parcel with Fry’s Electronics sells for $35 million to BLT Enterprises.

$164 Million Tower, Fitness Center in Santa Clarita

Henry Mayo Hospital expands offerings.

Henry Mayo Newhall Hospital in Valencia opened its six-story, 163,000-square-foot tower to patients Oct. 27

Lawyer Joins MedAnswers

Andrew Vorzimer brings fertility law to website.

Andrew Vorzimer with Vorzimer Masserman Fertility and Family Law Center in Woodland Hills will lend his expertise to those seeking fertility advice on MedAnswers

Panel Talks Single-Payer, Universal Coverage Options at VICA Event

Executives from Kaiser, Valley Presbyterian speak.

Executives from Kaiser Permanente and Valley Presbyterian Hospital discuss single-payer, universal coverage at Valley Industry & Commerce Association event.

Restaurant Openings, Closures

A compilation of changes in Valley region eateries.

Authentic Korean soul food has found a home in Glendale as Jin Cook settles into its new digs on Brand Street across from Porto’s

IHOP Inks Largest Franchise Agreement

Dine Brands Global drives international expansion.

Dine Brands Global Inc., the Glendale restauranteur which owns the IHOP and Applebee’s chains, has signed a franchise development agreement with TravelCenters of America Inc. to open 94 IHOP locations throughout the U.S. over the next five years.

Brew Honors Cop Slain at Borderline

Tarantula Hill partners with Helus family on beer.

Tarantula Hill in Thousand Oaks partners with family of policeman killed in Borderline Bar shooting on new beer.

Asians Like Boutique Theme Parks

NoHo company finds work on smaller projects.

Legacy Entertainment ends the year with five major projects opening in Asia.

Disney, Warner Bros. Dive Into Streaming Market

Analyst sees competition but no ‘Netflix killer’ on horizon.

Walt Disney Co.’s new streaming service Disney+ debuts.

Cinedigm Finds Home in China

Distributor targets film and online video as channels.

Cinedigm Corp. announced recently two new projects having to do with Chinese distribution of its content.

Odd Parcel Ace

DEVELOPMENT: In a price-escalating real estate market, Ash Joshi has a knack for identifying leftover land and repurposing it.

In price-escalating market, Ash Joshi has a knack for identifying leftover land and repurposing it.

Amgen’s Buy Mode

BIOTECH: Company to expand internationally with purchase of Otezla and investment in China.

Amgen Inc. expands by investing $2.7 billion in Chinese company and buying a psoriasis drug for $13.4 billion.

Capstone Quest for Profits Approaches Deadline

ENERGY: Company seeks to reach goal of EBITDA breakeven by June.

Capstone Turbine approaches deadline to breakeven.

Engaging Guests

TECHNOLOGY: Hub101 startup Whistle helps hoteliers communicate with their customers and staff.

Westlake Village startup Whistle has a communication platform to connect guests with hotel staff and management.

Six Valley Leaders Win Arabian Award

Frankie Avalon honored in Woodland Hills ceremony.

Six local leaders receive Arabian Public Service Awards.

Website Reduces Carbon ‘Shoe-Print’

Footwear-swapping service launches in Agoura Hills.

Footwear-swapping service launches in Agoura Hills.

VALLEY INSIDER

$85 Million for ‘Programmable’ Cells

Sensor Industries in Camarillo names new chief executive.

Truckers Need Faster Telecom

TRANSPORTATION: Shaving seconds from calls lands jobs.

Velantro provides a click-to-call plug-in for trucking company dispatchers to gain a competitive advantage when scouting for job offers.

Can Land Trust Fix Housing?

REAL ESTATE: Economist, ex-editor address affordability.

Economist, former newspaper publisher team up to start a trust to address Ventura County’s housing shortage.

First Amazon Grocery Coming to Warner Center

Amazon confirmed Monday it will put a company-branded grocery store in the former Toys-R-Us location at 6245 Topanga Canyon Blvd. in Warner Center.

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Amgen Ends Neuroscience Research, Cuts Staff in Cambridge

Amgen Inc. has made the decision to lay off a quarter of its workforce in Cambridge, Mass., in conjunction with its decision to end neuroscience research.

Joint Venture to Build 26 Homes in Valley Village

IHP Capital Partners and Williams Homes have formed a joint venture to create 26 small-lot homes on a U-shaped site at the intersection of Hermitage Avenue and Weddington Street in Valley Village.

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Statewide Strike Called Off After Kaiser CEO’s Death

The National Union of Healthcare Workers has postponed a five-day strike at Kaiser Permanente locations in California set to begin Monday, following news of Kaiser Chief Executive Bernard Tyson’s death on Sunday.

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Post-Midterm Magic for Investors

You’ve heard that if a National Football Conference team wins the Super Bowl in January, it’ll be a bull market that year? Or that when hemlines rise, so do stock prices? Superstitions like those are pretty stupid.

ServiceTitan Plans Payroll of 1,000 by Year’s End

Software firm’s annual conferences help achieve 342 percent growth.

To gauge just how fast ServiceTitan is growing, take a look at its employee numbers.

NewMark Merrill’s $175 Million Shopping Spree

Acquisition of small malls fuels expansion at retail real estate developer.

NewMark Merrill Cos. owns and runs shopping centers throughout the Golden State and elsewhere.

Caulipower Grows With ‘New Chick on the Block’

Chicken product pushes company’s three-year growth to 18,020 percent.

Caulipower has caught the updraft of the cauliflower craze by producing gluten-free cauliflower pizzas, pizza crusts and tortillas just as consumer demand is booming.

Around the Valleys: Nov. 11, 2019

News and notes from the greater San Fernando Valley

The High Cost of Environmentalism

With Thanksgiving in two weeks, I have to start by giving thanks that my family and home have been safe from the fires we have seen recently.

Fastest Growing Private Companies 2019

Fastest Growing Private Companies 2019

Culture of Constant Improvement Powers Scorpion

In the fast-moving world of digital marketing, Scorpion has carved out a niche with an energetic commitment to its clients’ success.

Data Cleaning Sets Feedonomics for New Markets

Internal team works on automating processes to avoid efficiency bottlenecks.

As e-commerce sites continue to attract more shoppers than traditional brick-and-mortar stores, Feedonomics Inc. has emerged to help retailers adapt and succeed in the online market.

Friday, November 8

Hub101 Hosts Panel on Cybersecurity

The School of Management at California Lutheran University in Thousand Oaks hosted the event “Cybersecurity – a Boardroom Topic” at Cal Lutheran’s Hub101 startup coworking incubator facility in Westlake Village.

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Lancaster Named L.A. County’s Most Business-Friendly City

Lancaster was named the most business-friendly city by the Los Angeles County Economic Development Corp.

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Preview: Amgen Acquisitions

harma giant Amgen Inc. made two big investment offers in recent months – $13.4 billion for Celgene Corp.’s Otezla and $2.7 billion for a 20.5 percent stake in Chinese cancer biotech BeiGene.

Preview: Fastest Growing Private Companies

The Business Journal’s Fastest Growing list represents the diversity of the Valley economy.

Thursday, November 7

Disney Reports Strong Fourth Quarter

The Walt Disney Co. beat Wall Street expectations on adjusted earnings and revenue in the fiscal fourth quarter.

Simi Valley Biotech Building Sells for $11 Million

A 60,416-square-foot research and development building at 685 E. Cochran St. in Simi Valley has traded for $11 million.

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Asgn Wins Contract to Upgrade U.S. Military Health Information System

ECS, a segment of Calabasas-based Asgn Inc. that focuses on cybersecurity, artificial intelligence and engineering, has won a four-year, $116 million contract with the federal government to modernize the military’s digital health care system.

Wednesday, November 6

Jake Fire Erupts Briefly in Santa Clarita

A small brush fire broke out Wednesday afternoon in the hills of Santa Clarita before being stamped out by fire crews shortly thereafter.

Another Biotech Gets Big Funding

Westlake Village BioPartners’ first investment, a T-Cell therapy startup called Tmunity Therapeutics, raised $75 million in Series B financing, the company has announced.

Arts District to See 60 NoHo Units

The Art Set Apartments will go up about a half mile from Metro's North Hollywood Station, according to an Urbanize.LA report.

North Hills Apartment Building Sells for $5.5 Million

A 30-unit multifamily sale in the North Hills submarket has sold for $5.48 million, according to Lee & Associates-LA North/Ventura.

Retirement Facility Named for Mary Pickford

Residents, staff and community leaders gathered Wednesday for the dedication of Motion Picture & Television Fund’s Mary Pickford House, located on the organization’s Wasserman Campus in Woodland Hills.

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Chick-fil-A Expands in Valley

Chick-fil-A has some distance to travel before it catches many other fast-food chains in the San Fernando Valley, but it is taking one step toward doing so.

Tuesday, November 5

43-unit Apartment Complex in North Hills Sells for $16.3

Burnet Townhomes, a 43-unit multifamily complex in North Hills, has sold to a private investor for $16.3 million.

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Agoura Hills Biotech Raises $57 Million

A2 Biotherapeutics, a biotech company developing cell therapies for cancer patients in Agoura Hills, on Tuesday announced its official launch with $57 million in Series A funding.

Southest Asian Country Buys AeroVironment's Raven Drones

AeroVironment Inc. has received a contract valued at $6.4 million from a Southeast Asian military customer for additional Raven unmanned aircraft.

Jill Lederer to Retire From Conejo Valley Chamber

Jill Lederer, the long-time head of the Greater Conejo Valley Chamber of Commerce, will retire her position effective in January.

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Monday, November 4

Gelt Pays $61 Million for Denver Apartment Complex

Gelt Inc. has acquired the Timber Lodge apartment complex outside Denver.

Valencia Medical Device Startup Lands NIH Grant

Neuronoff Inc., a development-stage medical device company in Valencia, has been awarded a $2.2 million grant from the National Institutes of Health.

Industrial Fire Burns Businesses in NoHo

An industrial fire destroyed three businesses in North Hollywood on Friday before being extinguished by firefighters early Saturday morning.

Management School Assistant Dean to Leave Cal Lutheran

Sumantra Sengupta, assistant dean of the management school at California Lutheran University, has resigned his position effective Dec. 2.

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Friday, November 1

Mixed-Use Project to Rise in Van Nuys

A commercial property at the northeast corner of Van Nuys Boulevard and Kittridge Street in Van Nuys has been approved for a mixed-use project, per an Urbanize.LA report.

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Maria Fire Threatens Businesses

Businesses and farms lie in a zone of mandatory evacuations in the face of the Maria Fire, which has burned more than 8,700 acres between Santa Paul and Somis in Ventura County.

Endonovo Proposes Reverse Stock Split

Endonovo Therapeutics, a Woodland Hills business that develops electro-therapeutic devices for pain management, on Thursday announced a proposed reverse stock split.

Bankruptcy Judge Approves Barney’s Sale to Authentic Brands, B. Riley

A bankruptcy judge has approved the sale of the Barney’s chain of fashion stores to Authentic Brands Group and its financial partner B. Riley Financial in Woodland Hills.