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AeroVironment Lands $10.7 Million Drone Contract
AeroVironment Inc. has landed a $10.7 million contract for its Puma 3 drones from the U.S. Navy and Marine Corps.
Ventura County Office Building Sold for $2.1 Million
A 15,800-square-foot office building in Ventura County has sold for nearly $2.1 million.
Ontic Secures License for Honeywell Airplane Wipers
Chatsworth-based aerospace manufacturer Ontic has signed a licensing deal with Honeywell to assemble and sell the company’s legacy aircraft windshield wipers.
Business Events Calendar
Business Events throughout the Valleys.
PCF Insurance in Woodland Hills Acquired
PCF Insurance Services in Woodland Hills has been acquired by HGGC, a middle-market private equity firm in Palo Alto.
L.A. County Offers $10,000 Business Grants
To help businesses during the coronavirus pandemic, Los Angeles County on Monday announced it will launch a $500,000 fund for grants to companies with two to 50 full-time employees.
Free Speech Coalition Debuts New Logo
The Free Speech Coalition has rebranded itself and debuted a new logo.
Circle K Location in Valencia Sells for $4 Million
Fountainhead Development of Newport Beach has sold a retail building for single-tenant Circle K convenience store and gas station in Valencia for $4 million.
Thousand Oaks Office Campus Sells For $22 Million
A 158,885-square-foot office campus at 225 W. Hillcrest Drive in Thousand Oaks has sold for $21.6 million, according to brokerage Newmark Knight Frank.
Simulations Plus Acquires French Software Firm
Simulations Plus has acquired French medical software company Lixoft, further expanding its drug simulation capabilities and broadening its presence in Europe.
Disney to Furlough Non-Essential Employees
Walt Disney Co. will begin furloughing all non-essential employees at its U.S. operations beginning April 19.
Amgen Partnership to Pursue Coronavirus Treatment
Amgen Inc. and Seattle-based Adaptive Biotechnologies on Thursday announced a strategic partnership to discover and develop a treatment for COVID-19.
Economists Forecast 20 Percent GDP Plunge
The economy is darkening rapidly, and on Thursday local experts said they now believe GDP will nosedive more than 20 percent in the second quarter.
Tot Squad Sells Baby Equipment Cleaning Business
Infant services platform Tot Squad in Sherman Oaks has sold its baby equipment cleaning business to BabyQuip, a rental service for baby gear based in the Bay Area.
LTC Properties Divests $78 Million Portfolio
LTC Properties Inc. has sold its Preferred Care portfolio for $78 million, according to a statement from the senior housing real estate investment trust.
Dianne McKay Takes Full Ownership of Mustang Marketing
Dianne McKay has assumed full ownership of Mustang Marketing effective Wednesday, as the company’s founder Scott Harris has retired to South Carolina.
Marcus & Millichap Acquires Metropolitan Capital Advisors
Marcus & Millichap Inc. has acquired Metropolitan Capital Advisors, a commercial real estate finance intermediary in Dallas.
Amgen Buys Out Joint Venture to Establish Japanese Subsidiary
Amgen Inc. has purchased 49 percent of shares for Amgen Astellas BioPharma, the result of a 2013 joint venture between Japanese company Astellas Pharma and the Thousand Oaks biotech giant. Financial terms of buyout were not disclosed.
L.A. Implements Rent Relief for Residential, Commercial Tenants
In response to the coronavirus crisis, Los Angeles Mayor Eric Garcetti on Monday signed an updated rent relief order covering both commercial and residential tenants.
Shutdown Costs Reagan Library $150,000 a Week in Lost Revenue
The Ronald Reagan Presidential Library and Museum in Simi Valley is trying to shore up donations to compensate for hundreds of thousands of dollars in lost revenue resulting from the COVID-19 outbreak.
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