SFV BUSINESS JOURNAL DAILY NEWS

Forecast: Economic Growth Slowing in California

A chokehold on housing development threatens to knock California from its position as a national leader for economic growth, according to a report published Thursday by the Center for Economic Research and Forecasting at California Lutheran University.

Valencia Shopping Center Sold for $115 Million

The River Oaks shopping center in Valencia has sold to a real estate investment firm for $115 million, according to the company.

Online Rights Firm Haawk Receives $2.5 Million

Rights management startup Haawk has raised $2.5 million in a seed financing round from four private equity firms.

New Lease Facilitates Improvements at Van Nuys Airport

The Los Angeles Board of Airport Commissioners recommended on Wednesday amending a lease agreement with Signature Flight Support to allow the aviation company to do required improvements to property at Van Nuys Airport.

Business Events Calendar

Business Events throughout the Valleys.

American Homes 4 Rent Subpoenaed by SEC

American Homes 4 Rent, one of the nation’s largest single-family home landlords, has been subpoenaed by the Securities and Exchange Commission regarding brokers price opinions on the value of its properties, according to regulatory filings.

Home Sales Soar in Santa Clarita, San Fernando Valleys

The number of home and condo sales in the San Fernando Valley spiked higher during the month of August, the Southland Regional Association of Realtors reported today.

Software Startup Vroozi Names Chairman

Software-as-a-service firm Vroozi Inc. in Sherman Oaks announced Wednesday that it has appointed former software executive Greg Butterfield as chairman of its board of directors.

Spielberg Takes CEO Role at Amblin Partners

Steven Spielberg has taken over the role of chief executive at his production company Amblin Partners following the resignation of Michael Wright.

Dole to Close Another Berry Operation

Dole Food Co. Inc. in Westlake Village has announced another mass layoff relating to strawberries as the company continues to back out of its California berry operations.

Most In-Demand Jobs, Per CyberCoders Study

CyberCoders, an information technology recruiting agency, has released results of a data analysis from more than 1 million jobseekers to determine the most in-demand jobs in the IT, construction and accounting sectors.

Northrop Acquisition Expands Valley Footprint

Northrop Grumman Corp. will acquire Orbital ATK Inc. in a deal valued at $9.2 billion. With the transaction the Falls Church, Va. aerospace and defense contractor will add an additional San Fernando Valley region location to its portfolio.

Tejon Ranch to Raise $75 Million for Development

Tejon Ranch Co.’s board has set the terms for a stock rights offering it expects will raise at least $75 million, the company announced Monday.

VICA Reports 74 Percent Legislative Success Rate

The Valley Industry & Commerce Association had a success rate of 74 percent on the bills it advocated for and against during the state legislature’s 2017 session, which ended last week.

Wesco Hires New CFO

Wesco Aircraft Holdings Inc. has named Kerry Shiba as its new chief financial officer effective Monday, the company announced.

Biotech Execs Foresee Industry's Critical Mass in Region

Biotech startup executives discussed the industry’s challenges and opportunities in the Valley region during the Corporate Leaders Breakfast organized by California Lutheran University on Friday at the Ronald Reagan Presidential Library in Simi Valley.

L.A. County Unemployment Rises to 4.8 Percent

L.A. County’s unemployment rate rose to 4.8 percent in August from a historic low of 4.5 percent in July as more people hunted for work while the region’s job creation slowed.

Preview: Trash Talk Heads to Courthouse

Valley group opposes L.A.’s new garbage franchise system.

Preview: Dole's Cash Deals

Dole Food Co. cuts berry operations and swaps properties to help reduce debt.

Homelessness, Disasters Topics at State of the Valley Lunch

The business community put local leaders on the hot seat Thursday at the Greater San Fernando Valley Chamber of Commerce’s State of the Valley luncheon, an annual panel discussion that gives businesses the chance to pose questions about public policy to San Fernando Valley legislators.

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