SFV BUSINESS JOURNAL DAILY NEWS

VICA Responds to Sidewalk Vending Law

The signature of Gov. Jerry Brown on a law to decriminalize sidewalk vending prompted a response from the Valley Industry & Commerce Association on Monday.

SnapMD Secures $7.1 Million Investment

SnapMD Inc., a telemedicine company based in Glendale, announced it has raised $7.1 million in funding.

L’Oréal Takes 240,000 Square Feet at Tejon Ranch

L’Oréal USA will house the regional logistics operation of its SalonCentrics subsidiary at the Tejon Ranch Commerce Center in Kern County.

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Westcore Spends $13.8 Million on Moorpark Warehouse

Westcore Properties has acquired a 114,556-square-foot industrial building in Moorpark for $13.8 million from Ventura firm Marcus Adams Capital.

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Business Events Calendar

Business Events throughout the Valleys.

Designs Revealed for CSUN Student Housing Project

West Los Angeles real estate company Symphony Development and the Los Angeles office of design firm Steinberg Hart have revealed renderings for an apartment building project to address the housing needs for students attending California State University – Northridge.

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UCLA Health Expands at Encino Location

The Regents of University of California – Los Angeles have signed a lease to assume approximately 27,215 square feet of medical office space for UCLA Health.

Sylmar Industrial Property Sells for $6.6 Million

Sun Valley-based Ratner Property Management has purchased a $6.56 million industrial property in Sylmar with an eye to renovate it and upgrade its functionality and market value, according to the brokerage CBRE Group Inc.

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AeroVironment Lands $6 million Contract With Portuguese Army

AeroVironment Inc. has secured a nearly $6 million contract to provide its Raven drones to the Portuguese army, the Monrovia unmanned aircraft manufacturer has announced.

Vicki Nussbaum to Leave Sherman Oaks Chamber

Vicki Nussbaum, chief executive of the Sherman Oaks Chamber of Commerce, will leave the chamber in October to head the Century City Business Improvement District.

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Preview: Drug Deal Extends MannKind's Life Expectancy

BIOTECH: Timely infusion of $45 million bolsters finances.

Former U.S. Trade Rep Joins Disney Board

The board of Walt Disney Co. has elected Michael Froman as a new director.

Saban Capital to Buy Panavision

Panavision Inc., Saban Capital Acquisition Corp. and Sim Video International Inc. have entered into a merger agreement to create a “global provider of end-to-end production and post-production services to the entertainment industry,” the companies announced Thursday.

Cherokee Reports $9.1 Million Loss

Cherokee Inc. reported a quarterly net loss of $9.1 million on Thursday, a 90 percent increase compared to the same quarter last year.

Warner Bros. Creates ‘Experiences’ Division

Pam Lifford, president of consumer products at Warner Bros. Entertainment Inc., has been promoted to lead a new division that will oversee Warner Bros.’ brands, including its popular DC franchise.

Dole Headquarters Sold to Hilton Foundation for $50 Million

The headquarters of Dole Food Co. in Westlake Village has sold to the Conrad N. Hilton Foundation for $50 million, according to brokerage CBRE Group Inc.

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American Homes 4 Rent to Trade Preferred Shares

American Homes 4 Rent plans to sell 4 million shares of preferred stock and trade them on the New York Stock Exchange under the ticker AMHPRH.

Royal Princess Coming to Port of L.A.

Princess Cruises plans to dock one of its new large ships, the Royal Princess, in Los Angeles starting in March.

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Pasadena Retail Corner Sells for $23 Million

Aegon USA Realty Advisors, a Cedar Rapids, Iowa-based limited liability company, has sold the two-story, 39,000-square-foot Walgreens building at 310 S. Lake Ave. in Pasadena for $23 million.

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B. Riley FBR Names Chief Administrative Officer

B. Riley FBR, an investment bank and subsidiary of B. Riley Financial Inc. in Woodland Hills, has appointed Dawn Farrell as chief administrative officer of the firm’s investment banking unit.

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