San Fernando Valley Business Journal

McCarthy Withdraws from Speaker Election

Rep. Kevin McCarthy, R-Bakersfield, has withdrawn from being considered as the next Speaker of the House of Representatives, according to media reports Thursday.

Calabasas Office Sells for $24 Million

Adler Realty Investments Inc. of Woodland Hills has purchased a 100,000-square-foot office building in Calabasas for $24 million.

Simi Valley Portfolio Sells for $6.1 Million

A Boston real estate investment firm has purchased two Simi Valley industrial buildings for a total of $6.1 million, or $103 a square foot.

Business Events Calendar

Business Events throughout the Valleys.

Ryland Staff to Lose Jobs

All 50 employees – except the chief executive – of Westlake Village home builder Ryland Group Inc. appear likely to lose their jobs in the aftermath of the company’s $5.2 billion merger with Irvine-based Standard Pacific Corp.

Teledyne Names COO

Teledyne Technologies Inc. promoted Al Pichelli from executive vice president to chief operating officer effective immediately.

Amgen's Repatha, Competitor Gain Formulary Listing

Amgen Inc.’s new cholesterol treatment Repatha will be on the list of formulary drugs at one of the nation’s largest pharmacy benefit managers.

TV, Commercials Push Up Location Filming

Television and commercial production contributed to on-location filming increasing in the third quarter, according to a report released Tuesday by FilmL.A.

Sundance Cinemas Sold to Carmike

The Sundance Cinemas chain will be acquired by Carmike Cinemas Inc. in a deal valued at $36 million, the companies announced Tuesday.

Capstone Secures Orders for 20 Turbines

Capstone Turbine Corp. has sold 20 micoturbines to a German customer, the company announced Tuesday.

Gelson's to Buy Haggen Stores

High-end grocer Gelson’s Markets of Encino has signed a purchase agreement for eight stores being closed by Haggen Food & Pharmacy, including one in Thousand Oaks.

AwesomenessTV Signs Endemol Distribution Deal

Teen YouTube network AwesomenessTV will extend its international reach through a partnership with content creator and distributor Endemol Shine Group, the companies announced Monday.

DTS Finalizes iBiquity Purchase

DTS Inc. completed on Monday its previously announced acquisition of iBiquity Digital Corp., a developer for high-definition radio technology, in a deal valued at $172 million.

Teledyne Sales Lower Than Expected

Teledyne Technologies Inc. on Monday reduced its outlook for the third quarter and full year as orders of marine and electronic equipment declined more than expected.

Amgen Could Face Second Biosimilar Competitor

The Food and Drug Administration on Friday accepted paperwork for a biosimilar version of Amgen Inc.’s popular arthritis medication Enbrel.

Valley Apartments Sell High on Condo Potential

A Sherman Oaks apartment complex with 33 units individually deeded as condominiums has sold for $19.5 million, or nearly $600,000 a unit.

Preview: Stranded at Mall?

The Rack, a nightclub at the Promenade mall, is suing Westfield Corp. for alleged breach of contract.

Preview: Electric Bus Maker Buzzing Over Orders

In a hangarlike building on the north end of Lancaster, 13 electric buses move through the assembly line at BYD Coach & Bus.

Exelis Wins $38 Million Radar Contract

Exelis Inc. has received a $38 million contract from the Pentagon to supply radar modification kits for the U.S. Navy.

Van Nuys Apartments Sell for $10.5 Million

Two Van Nuys apartment buildings, totaling 53 units, have sold for $10.5 million, or just over $198,000 per unit, according to brokerage Marcus & Millichap.