San Fernando Valley Business Journal

Mission Hills Apartments Sell for $4.1 Million

A family trust has sold a Mission Hills apartment complex for nearly 58 percent more than what it paid for the building just three years ago.

Attorneys Join Encino Firm

Encino-based law firm Greenberg & Bass just added two senior counsels, Martin Rudoy and Benjamin Seigel.

Preview: Taking a Hit

Smoking age is now 21. What’s in store for local hookah bars?

Preview: Hotel Quandry in Calabasas

Suspense is hanging over Calabasas – will it be a hotel or a self-storage facility that gets built on a vacant parcel of land off of Las Virgenes Road?

Business Events Calendar

Business Events throughout the Valleys.

Amgen Announces Incubator 'Golden Ticket' Winners

Amgen Inc. announced Thursday its new five-year sponsorship of a San Francisco life sciences incubator called QB3@953, which focuses on developing new human health therapies.

Home Prices Rise in May

May was an extremely busy month for residential Realtors in the Santa Clarita Valley.

HomeStreet Bank Buys Two Local Branches

HomeStreet Inc., the parent company of HomeStreet Bank, has agreed to purchase two Southern California banks — one in Burbank and one in Granada Hills — from Boston Private Bank & Trust Co. of Boston.

Special Effects Studio to Open Toronto Office

Effects studio MastersFX announced Thursday it will open a new location in Toronto, a hot spot for science fiction and horror film production.

Business Friendly? State Gets an F but L.A. a C-

Los Angeles ranked only a bit below average when it comes to creating a friendly environment for small businesses and entrepreneurs, according to a survey released Wednesday.

DreamWorks Acquisition Approved

The Justice Department has given its approval of the acquisition of DreamWorks Animation SKG Inc. by NBCUniversal, according to media reports.

Van Nuys Defense Firm Gets Contract

Defense industry supplier IEE announced Tuesday that it has received a contract from Northrop Grumman Corp. to provide control display units for roadside bomb jamming equipment.

Tarzana’s Gelt to Build Apartments in Reseda

Tarzana investment and property management firm Gelt Inc. said it has bought land to develop more than 250 apartments in Reseda.

ApolloMed Lands Salinas Hospital Deal

Health management company Apollo Medical Holdings Inc. announced Tuesday that its affiliate medical group ApolloMed Hospitalists has been contracted to provide its services to Salinas Valley Memorial Hospital in Salinas in the Monterey Bay area.

Westlake Village Shopping Center Sells for $123 Million

North Ranch Shopping Center in Westlake Village has sold for nearly $123 million, according to the Los Angeles office of brokerage Savills Studley.

Executive Shuffle at Public Storage, PS Business Parks

Glendale’s Public Storage and PS Business Parks Inc. have named new leaders of the two commercial real estate investment trusts.

Amgen Names New Operations Manager

Amgen Inc. on Friday announced that the company has appointed Esteban Santos as its new executive vice president of operations, beginning July 25.

Avita Medical Appoints Local COO

Avita Medical Ltd. announced Monday that it has appointed Troy Barring as its chief operating officer.

Ceres Acquired by Land O’ Lakes

Forage-seed developer Ceres Inc. on Friday announced it will be acquired by agriculture and food business Land O’ Lakes Inc. in an all-cash transaction valued at approximately $17.2 million.

Tarzana Firm Buys Santa Clarita Apartments for $45.5 Million

Tarzana real estate investment and management firm Gelt Inc. has closed on a $45.5 million purchase of a Santa Clarita apartment complex.