SFV BUSINESS JOURNAL DAILY NEWS

Van Nuys Apartments Sell for $680,000 a Unit

An eight-unit Van Nuys multifamily complex has sold for $5.6 million, or $681,250 per unit, according to brokerage Marcus & Millichap Inc.

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Tutor Perini Secures Military Construction Contract Worth $34 Million

A subsidiary of Tutor Perini Corp. has been awarded two contracts valued at about $34 million for work at Marine Corps Base Camp Lejeune in North Carolina.

Medtronic Signs Cross-License Agreement on Diabetic Research

Medtronic has signed a patent cross-license agreement with San Diego-based Tandem Diabetes Care to avoid potential legal disagreements.

Business Events Calendar

Business Events throughout the Valleys.

Blackline Survey Finds Pandemic Accelerating Tech Adoption

A survey conducted by Woodland Hills accounting software company BlackLine Inc. found that the finance and accounting industry has prioritized technology adoption to avoid business interruptions in the coronavirus economy.

Semtech Invests in COVID Contact Tracing Firm

Semtech Corp. has invested in a company that uses its technology to track COVID-19 infections.

Four-Story Multifamily Development Proposed for Reseda

The Los Angeles City Council has approved plans for a residential development that will add 27 units to the housing inventory in Reseda.

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Palmdale Applies for Space Force Headquarters

Palmdale has applied to be the location of the headquarters for the U.S. Space Command.

Location Filming Drops 98 Percent

On-location film and television production dropped by 98 percent in the second quarter as the entertainment industry shut down due to the coronavirus outbreak.

Signature Bank to Open Office in Warner Center

Signature Bank is expanding to Southern California with four new private client banking offices, including one in the Warner Center neighborhood of Woodland Hills.

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Multifamily Complex to Rise Near CSUN

A property located at 8940 N. Reseda Blvd. in Northridge will bring five stories of apartments to the market near California State University – Northridge.

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Ventura County Launches Business Resource Hub

The Ventura County Economic Development Collaborative has launched Business Forward, a website it hopes will serve as a one-stop virtual information hub for local business owners.

Chamber Coalition Advocates ‘Safe Reopening’ Plan

The California Coalition for Safe Reopening, a group made up of 33 chambers of commerce and other business organizations, has released a three-point recovery program for consideration by state and local governments before ordering any more business shutdowns.

Construction Complete at L’Oreal Offices in Encino

Design studio Ware Malcomb announced Tuesday that construction is complete at L’Oreal’s Pulp Riot offices, located at 16501 Ventura Blvd. in Encino.

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Surowitz Will Leave Providence Tarzana to Lead Jewish Home

Providence Cedars-Sinai Tarzana Medical Center Chief Executive Dale Surowitz will leave his post to lead the Los Angeles Jewish Home during a time of rapid expansion.

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ImmunoCellular Shareholders Approve Reverse Stock Split

Shareholders of ImmunoCellular Therapeutics have voted to implement a reverse stock split at a ratio not less than 1-for-3 and not greater than 1-for-10.

Westlake Village Office Portfolio Fetches $55 Million

A massive multi-property office portfolio, totaling 256,602 square feet in Westlake Village, has traded for $55 million.

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Grocery Outlet Opens in Winnetka

Grocery Outlet Bargain Market has opened a new location in Winnetka. The store has created about 25 jobs, according to the company.

Steve Nissen Selected as LAEDC Chairman

The Los Angeles County Economic Development Corp. has selected longtime Valley executive Steve Nissen as its new chairman.

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Northridge Man Sentenced in Credit Card Scheme With ‘Collusive Merchants’

A Northridge man has received 21 years in federal prison for a scheme in which credit card and bank loan scheme that took money from banks, credit card comapnies, car dealerships and utility companies.

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