San Fernando Valley Business Journal

Valley's First Dunkin' Donuts to Open in Encino

An Encino shopping center will host the San Fernando Valley's first Dunkin’ Donuts outlet, the brokerage on the deal announced Thursday.

VEDC Buys $5 Million Loan Portfolio

The Valley Economic Development Center has purchased a $5 million loan portfolio from a defunct for-profit community development corporation.

Chatsworth Woman Wins $28 Million From Kaiser

A jury awarded a Chatsworth woman $28 million on Thursday after agreeing that Kaiser Permanente’s Woodland Hills facility bungled the treatment for what turned out to be a cancerous tumor, according to the woman’s law firm.

Sportsman's Lodge Project Wins Approval

After a contentious, five-hour Wednesday evening hearing, developer Richard Weintraub won the right to demolish the historic Sportsman’s Lodge event center in Studio City and replace it with a 97,800-square-foot, mixed-use development.

Technicolor Closes Burbank Office

Technicolor USA Inc. is closing a digital media services facility in Burbank that it opened just last year with expectations that it would employ some 250 workers.

Ventura County Signs Year's Biggest Lease

The Human Services Agency of Ventura County has leased 57,200 square feet at Younan Executive Center in Simi Valley, in what is said to be the largest single lease so far this year in Ventura County.

Business Events Calendar

Business Events throughout the Valleys.

Garcetti Plugs Seismic Retrofit Bill in Valley

L.A. Mayor Eric Garcetti appeared in Van Nuys on Wednesday to urge passage of an Assembly bill providing tax credits for landlords who retrofit apartments and condo complexes deemed especially vulnerable to collapse in earthquakes.

Valley College Opens $23 Million Building

Los Angeles Valley College opened a $23 million Community Services Center for students and area residents this week as part of its campus expansion and modernization program.

Briefs: Amgen, Marcus & Millichap, PennyMac Mortgage

Amgen seeks to halt sale of Neupogen copycat. Marcus & Millichap insiders sell $19 million more stock. PennyMac Mortgage Trust declares dividend.

Ikea to Begin Demolition for New Burbank Store

Home furnishing retailer Ikea will begin demolition Thursday at the 22-acre Burbank site where the chain will construct its largest U.S. store.

Trust Announces Low-Income Housing Investment

A private New York real estate investment trust that invests exclusively in affordable housing announced on Tuesday that it is putting $20 million into California low-income housing, including issuing a mortgage for a Van Nuys senior housing complex.

Chatsworth Warehouse Sells for $14.1 Million

A 154,000-square-foot industrial building in Chatsworth recently vacated by an adult-toy manufacturer has been acquired by Rexford Industrial Realty Inc.

Valley Homes Sales, Prices Jump in February

San Fernando Valley home sales and prices increased sharply after a slow start in January, according to a Southland Regional Association of Realtors report released on Monday.

Five Local Fresh & Easy Outlets to Close

Grocery chain Fresh & Easy is closing and selling 30 stores in Southern California, including five in the San Fernando Valley and Ventura County

Haggen Opening First Market in Palmdale

Haggen Food & Pharmacy Grocery store will open its first area location in Palmdale on Tuesday in a converted Albertsons.

County Unemployment Hits Lowest Level in Seven Years

Los Angeles County’s unemployment rate fell to 7.8 percent in February as the county added 25,000 jobs across almost every industry, according to state figures released Friday.

Marcus & Millichap Insiders Sell $102 Million in Stock

Insiders at Calabasas commercial real estate brokerage Marcus & Millichap Inc. have sold 3.2 million shares of stock in a transaction that totaled more than $102 million, according to a regulatory filing.

NTSB Metrolink Crash Report: Driver Made Wrong Turn

The National Transportation Safety Board has released a preliminary report about last month’s collision between a Metrolink train and truck in Oxnard with details that are consistent with earlier reports by authorities and the statements of the truck driver.

Issue Preview: Almost Legendary

Thomas Tull may not be well known outside Hollywood circles but his movies certainly are - “The Dark Knight,” “300,” and “The Hangover” among them. Yet the chief executive of Legendary Entertainment in Burbank is not the typical industry big shot – despite a net worth pegged at $870 million.

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