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Preview: Gravity Could Solve Energy Storage Problem

Energy Vault Inc. has a new old way to store energy.

Disney Sues Marvel Comics Artists’ Estates

Walt Disney Co. is suing the estates of former Marvel Comics superheroes artists to determine who owns the rights to the characters, including Iron Man and Spider-Man, according to media reports.

Business Events Calendar

Business Events throughout the Valleys.

Preview: Hispanic Entrepreneurs Month

It sounds like the opening line for a joke: Two guys who work at the phone company both love beer.

New Hospital to Be Built by Tutor Subsidiary

Rudolph and Sletten, a subsidiary of Tutor Perini Corp. in Sylmar, has been awarded a contract to construct a replacement hospital building for Cedars-Sinai Marina del Rey Hospital.

North Hollywood’s Lankershim Plaza Sells for $92 Million

A high-profile North Hollywood office building has sold for $92 million.

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Amgen Publishes Biosimilar Trends Report

Biotech giant Amgen Inc. this week published the 8th edition of its Biosimilar Trends Report, which provides insights and data on biosimilar market trends and their impact on health care costs.

Santa Clarita Life Sciences Campus Sells

Toronto-based Oxford Properties has acquired a 14-building industrial park in Santa Clarita for $133.5 million.

New CEO Named for Sherman Oaks Chamber

The Sherman Oaks Chamber of Commerce has selected Victoria Bourdas Martinez as its next chief executive.

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New Stealth Bomber Being Built in Palmdale

Northrop Grumman Corp. is building five next-generation stealth bombers at its plant in Palmdale, Secretary of the Air Force Frank Kendall said on Monday.

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ServiceTitan Brings Technology Experts to Board

ServiceTitan has appointed two technology experts to its board of directors – Diya Jolly and Sameer Dholakia.

Sherman Oaks Multifamily Trades for $10.5 Million

The 24-unit multifamily property called Vue Sherman Oaks has sold for $10.5 million.

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US Bancorp to Buy Union Bank for $8 Billion

U.S. Bancorp, parent of US Bank, will acquire MUFG Union Bank for about $8 billion, the companies announced.

Amgen Wins Otezla Patent Case

The U.S. District Court for New Jersey upheld patents that protect Otezla (apremilast), Amgen Inc.’s psoriasis treatment.

Cavitation Technologies Ramps Up Permian Basin Market

Cavitation Technologies Inc. is ramping up its activity in the Permian Basin, according to an update to investors.

Agoura Hills Office Campus Sells for $18.5 Million

Platinum Court, a two-building suburban office campus in Agoura Hills, has sold for $18.5 million, according to Calabasas-based brokerage Marcus & Millichap Inc.

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Capstone Sells Three Turbines to Caribbean Resort

Capstone Green Energy Corp. will supply three of its microturbines to a resort redevelopment project in the Caribbean following an order received through its distributor for the region.

Partners Pay $37.4 Million for Burbank Post-Production Facility

A partnership of Cruzan and Independencia Asset Management paid $37.4 million for a post-production facility in Burbank.

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Cal Lutheran Expands Tuition Price-Matching Program

California Lutheran University’s Public Price Promise program is expanding to match the costs of all nine University of California undergraduate campuses.

County Orders Vaccine Mandate for Bars, Clubs

Los Angeles County Department of Public Health will begin requiring verification of a recent negative COVID-19 test or vaccination for employees and attendees of indoor bars, clubs and lounges.

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