SFV BUSINESS JOURNAL DAILY NEWS

Dispute Involving Semtech Settled

Semtech Corp. has settled a lawsuit with a Texas company over allegations that it engaged in business disparagement and interference with business relations of the other company.

Amgen Stock Surges Thanks to Goldman Sachs

Thousand Oaks-based Amgen Inc.’s stock experienced a significant rise on Monday following news that Goldman Sachs initiated coverage of the biotech giant with a buy recommendation.

Cal Lutheran Denies Gallegly Charges

California Lutheran University has denied the claims made in a lawsuit filed recently by Elton Gallegly alleging that the Thousand Oaks school had breached a contract and refused to account for donated money, saying leadership is “disappointed” by the former congressman’s decision to pursue legal action.

Simi Valley Apartments Sell for $190 Million

A two-property multifamily portfolio totaling 504 units sold in Simi Valley for $190 million, or nearly $377,000 per unit.

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Business Events Calendar

Business Events throughout the Valleys.

Preview: Record Year for IPOs

Valley companies take active role in acquisitions and public market openings.

Thousand Oaks Approves Caruso’s Lakes Residential Development

The property where the Caruso company’s Lakes retail center is located in Thousand Oaks will be sold to Rick Caruso in a deal that will allow the real estate developer to add a six-story residential apartment building to the site.

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LTC Originates $52.5 Million Loan for Senior Housing Purchase

Westlake Village-based real estate investment LTC Properties announced that it has originated a $52.5 million unitranche loan for the purchase of a senior housing portfolio that includes 13 properties in North and South Carolina.

Tejon Ranch’s Centennial Project to Advance After Agreement With Environmental Group

Tejon Ranch Co. will see its long-stalled 6,700-acre Centennial master-planned project near Gorman go forward after the company made an agreement with environmental nonprofit Climate Resolve to drop its lawsuit.

Merger Causes SRAX to Deconsolidate Bigtoken’s Financials

Westlake Village-based fintech company SRAX Inc. announced that it will no longer include the financials of Bigtoken following the survey app’s merger with BritePool.

Ken Craft Named Star of the Valley by Economic Alliance

Ken Craft, founder and chief executive of the Hope of the Valley Rescue Mission, will be awarded the 2022 Stars of the Valley Humanitarian Award.

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Susan Arnold Named Chairman of Disney Board, Replaces Iger

Walt Disney Co. announced that Susan Arnold has been elected as chairman effective Dec. 31, replacing Robert Iger.

Semtech Beats Expectations; Stock Up

Semtech Corp., a Camarillo-based supplier of analog and mixed-signal semiconductors and algorithms, reported financial results that beat expectations.

Residential Tower Eyed for Glendale

A 294-unit apartment building with a public plaza has been proposed for the city of Glendale.

Maker of High-Tech Coffee Mugs Gets $23 Million

Ember Technologies Inc. has received $23.5 million in a series E round of financing.

Granite Sells Burbank Office Tower for Nearly $91 Million

A 152,834-square-foot office building in Burbank has sold for $90.5 million.

Simulations Plus Donates $25,000 for Medicine Distribution

Simulations Plus Inc., a biotechnology modeling and simulation software company in Lancaster, has donated $25,000 to nonprofit medication distributor Dispensary of Hope.

Fashion Tenants Fill Sportsmen’s Lodge

The Shops at Sportsmen’s Lodge announced four new fashion retail tenants will be added to the newly redeveloped shopping center in Studio City, filling the center to capacity.

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Bank of America Grant Supports Valley Economic Alliance

he Valley Economic Alliance has received a $20,000 grant from the Bank of America Charitable Foundation in support of the nonprofit’s 2021-2022 economic mobility initiatives.

L.A. City's Vaccine Mandate Fines Go Into Effect

Indoor businesses that do not confirm the vaccine or negative COVID-19 test status of customers risk fines as enforcement of the vaccine mandate in the city of Los Angeles takes effect.

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