SFV BUSINESS JOURNAL DAILY NEWS

L.A. County Unemployment Holds at 4.4 Percent

L.A. County’s unemployment rate remained unchanged in June from May’s record low 4.4 percent as a seasonal drop in education payrolls offset modest hiring in other sectors.

Simi Medical Building Sold

Rand Medical Building in Simi Valley has sold for $2.9 million, according to commercial brokerage Marcus & Millichap in Calabasas.

Preview: Pain of Going Public

Running a public company – once the Holy Grail of entrepreneurial success and prestige – has become a fading star with the diminishing light especially apparent in markets such as the Valley region.

Preview: Apartment Killer

Home builders have a message for the city of Los Angeles: it’s been a good run, but we’re moving on.

FDA Accepts Amgen's Aimovig Application

Amgen Inc. on Thursday announced that the U.S. Food and Drug Administration has accepted the biologics license application for Aimovig, a drug for prevention of migraine.

KB Home Buys Van Nuys Subdivision

Storm Properties has sold a development project for 58 houses in Van Nuys to KB Home, the company announced Thursday. Financial terms of the transaction were not disclosed.

Former Ginnie Mae Exec Joins PennyMac Board

Theodore W. Tozer, the former president of the Government National Mortgage Association or Ginnie Mae, will join the board of PennyMac Financial Services Inc., the company announced Wednesday.

Business Events Calendar

Business Events throughout the Valleys.

New Name for Performing Arts Center: ‘The Soraya’

The Valley Performing Arts Center, a 1,700-seat venue located on the campus of California State University Northridge, has been renamed the “Younes and Soraya Nazarian Center for the Performing Arts” in recognition of a $17 million gift from the Nazarian family.

Expanding FloQast Creates Exec Position

FloQast Inc. on Tuesday announced the appointment of Rob Feinstein as vice president of product.

Massive Newhall Ranch Project Wins Approvals

Half of the massive Newhall Ranch development project sailed through approvals Tuesday at a public hearing by the Los Angeles County Board of Supervisors.

Warner Center Office Building Sold

Younan Properties Inc. has purchased Burbank Corporate Center at 21900 Burbank Blvd. in Woodland Hills, the company announced Tuesday. Financial details of the transaction were not disclosed.

Amgen Collaboration on Cancer Drugs

Amgen Inc. on Tuesday announced a collaboration agreement with Array BioPharma for development of drugs for autoimmune disorders.

BYD Signs Jobs Agreement at Lancaster Plant

BYD Motors Inc. announced Monday signing a community benefits agreement with Jobs to Move America to create job opportunities for underserved people at the company’s Lancaster manufacturing plant.

MannKind Names CFO

MannKind Corp. on Monday announced that Steven Binder has joined the company as chief financial officer.

Salem Buys Finance Site TradersCrux

Salem Media Group in Camarillo has added investment information website TradersCrux to its growing portfolio of financial advisory services.

Sotheby’s Realty Opens in Calabasas

Wish Sotheby’s International Realty will open its fourth office next week in Calabasas, according to the company.

Downtown Lancaster Named a Cultural District

Downtown Lancaster has been designated as a state cultural district by the California Arts Council.

Valley Plastic Firms Settle With EPA

A pair of Valley plastic product manufacturers have reached settlements with the Environmental Protection Agency over violations of the Clean Water Act.

Teledyne Acquires Pump Manufacturer

A subsidiary of Teledyne Technologies Inc. has acquired a Pennsylvania manufacturer of precision components and subassemblies, it was announced Thursday.

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