Stories for August 2017
Thursday, August 31
Los Angeles City Attorney Mike Feuer announced Thursday that his office has reached a $250,000 settlement with the owner of Motel 6 in Sylmar that will also include operational and management changes.
Temperature control technology developer Ember Technologies has received $13 million in a Series C funding round, the company announced. The Westlake Village startup said it will use the money for research, development and sales and marketing programs for new products to come out in the next six to nine months.
Tracking down an Uber after a day at the mall is about to get a little easier.
SetPoint Medical has raised $30 million in Series D funding, the company announced this week.
Wednesday, August 30
Semtech Corp. beat Wall Street estimates on adjusted earnings and revenue for the second quarter.
The world’s first all-electric articulated bus will roll into service Friday in Lancaster, the Antelope Valley Transit Authority has announced.
The fate of about half of the employees of Nestle USA’s Glendale headquarters apparently has yet to be settled as a result of the food and beverage giant’s decision to relocate to Virginia, the company said Wednesday.
Tuesday, August 29
Two real estate companies headquartered in the Valley region have announced efforts to help customers affected by Hurricane Harvey in Houston.
Limoneira Co. has formed marketing partnership with the Intercollegiate Tennis Association to sponsor the organization’s upcoming community service month, the Santa Paula citrus grower announced Tuesday.
Applebee’s Neighborhood Grill + Bar has hired Stephen Bulgarelli as chief culinary officer, the company announced Tuesday.
AeroVironment Inc. beat Wall Street estimates on earnings and revenue in the fiscal first quarter.
Monday, August 28
Clover Imaging Group will eliminate 155 positions from its Van Nuys location as it consolidates its production and packaging operations closer to its manufacturing centers.
Choice Hotels International Inc. and a developer have agreed to build a Cambria-branded hotel in Burbank, the company said Monday.
Second Sight Medical Products Inc. on Monday announced that it has received approval from the U.S. Food and Drug Administration to begin a human clinical study for its latest visual prosthesis system, Orion.
Friday, August 25
Dole Food Co. Inc. in Westlake Village will shrink its Oxnard berry operations as part of a plan to move its farming operations out of Southern California, the company said in a recent letter to the state.
Monster Digital Inc. filed a preliminary proxy statement on Friday for its planned merger with a North Carolina biopharmaceutical company, sending the price of shares up more than 60 percent.
Walt Disney Co. has awarded Los Angeles Music Center resident company Center Theatre Group a $100,000 grant to bring the Disney Musicals in Schools program to the Los Angeles area.
Thursday, August 24
Walt Disney Co.’s board of directors has elected Mary T. Barra, chief executive of General Motors Co., to join the board immediately, the company announced Thursday.
Amgen Inc. on Thursday announced its foundation will expand the Amgen Biotech Experience program to nine new markets worldwide.
A new wave of Sears Holding Corp. closures will include a Kmart location in Valencia.
Wednesday, August 23
Six Flags Magic Mountain will welcome guests 365 days a year beginning Jan. 1, the Valencia theme park announced Wednesday.
JetSuiteX will fly football fans this fall out of the Hollywood Burbank Airport to two USC and UCLA games in the Bay Area and Arizona, the company announced Wednesday.
The Conrad N. Hilton Foundation has awarded its $2 million Hilton Humanitarian Prize to International Center for Diarrheal Disease Control, Bangladesh, or iccdr,b, an international research institute focused on improving public health in developing countries.
B. Riley Financial served as an advisor for Luna Innovations Inc.’s sale of its high-speed optical receivers business, the company announced Tuesday.
Tuesday, August 22
The Thousand Oaks Bay Club, a luxury athletic club that is part of a chain of country clubs in California, has been taken over by a local sports and fitness franchisee.
The Los Angeles County Board of Supervisors on Tuesday approved a new permit and fee system for making adult films.
Atara Biotherapeutics Inc. announced Tuesday the hiring of Dr. Kanya Rajangam as senior vice president and chief medical officer.
Monday, August 21
Privatization of the nation’s air traffic control system was a main topic of discussion among representatives of aviation trade organizations at a conference Monday in Van Nuys.
HemaCare Corp. announced Monday a 50 percent increase in revenue and a swing from losses to profits during the first six month of the year.
Tourism: Studio City alley hosts hundreds for the World Police & Fire Games.
More than 150 police and firefighters from 20 countries around the globe descended on Pinz Bowling Center in Studio City Aug. 9 to 11 to take part in the World Police & Fire Games bowling tournament, one of 65 athletic events held throughout the Los Angeles area.
FITNESS: Country club operator exits, gym firm takes space.
Bay Club’s Valley facilities to be taken over by gym operator.
Northern L.A. County is a bright spot for factories.
MAIN: The cities of Santa Clarita, Palmdale and Lancaster have made manufacturing a mainstay of their economies.
Anchor Loans built its business providing money for rehab home deals. Now it’s looking to expand into rental financing.
It’s taken 19 years for Anchor Loans to expand into the fast-growing home rental market from fix-and-flip loans.
ENERGY: SoCalGas renews operations at methane leak site.
Residents express concerns over reopening of Aliso Canyon gas storage facility.
Executives on what attracted them to north L.A. County.
DISTRIBUTION: Media giant’s BAMTech acquisition puts focus on sports audience.
With its announcement that it would start its own direct-to-consumer streaming service, Walt Disney Co. will end its distribution agreement with Netflix Inc. for subscription streaming of new releases, beginning with the 2019 movie slate.
SAFETY: Moorpark firm finds abuse prevention market for a convenience product.
Timer Cap isn’t trying to solve the opioid epidemic. But it does think it can help when it comes to prevention.
HOSPITALITY: Investors react positively to same-day hire and location shrinkage.
DineEquity hires new CEO and closes more locations.
36th: Los Angeles’ ranking for stress
Where L.A. ranks in the most-stressful cities list.
INTERNET: Scorpion began marketing law firms but acquisition takes firm into new verticals.
Web marketer Scorpion grows beyond law customers and acquires competitor.
Burt Rutan’s Proteus makes 1,000 flights for research missions.
A research aircraft lands its 1,000th flight.
Bambu’s software adds highs and lows to compressed audio.
Bambu returns quality to compressed audio files.
Survey results give Glad Lash insights into customer base.
Eye makeup company connects with customers through survey.
NONPROFIT: Organization loses three executives in a month.
What’s behind the executive exits from VEDC?
Friday, August 18
Jet Propulsion Laboratory in La Canada-Flintridge has developed an app so people can preview Monday’s solar eclipse, the aerospace research and development facility announced Thursday.
Condominium sales trended in opposite directions in July in the San Fernando and Santa Clarita valleys, according to the Southland Regional Association of Realtors Inc.
The unemployment rate in Los Angeles County inched up to 4.5 percent in July from a revised 4.4 percent in June, the state Employment Development Department reported Friday.
The cities of Santa Clarita, Palmdale and Lancaster have made manufacturing a mainstay of their economies
Valley Economic Development Center is navigating a bout of executive instability, having lost three top officers – including the chief executive – in the last month.
Thursday, August 17
Fifty-four acres of land have sold in Santa Clarita for the development Center at Needham Ranch, according to one of the buyers, Trammell Crow Co. of Dallas. The acquisition price was not disclosed.
The two towers comprising the Sherman Plaza in Van Nuys have sold for about $62 million, according to CBRE Group Inc. in Los Angeles.
A private equity firm has acquired a Burbank aerospace parts supplier.
Wednesday, August 16
The Simi Valley Unified School District has bought a specialty building in the city previously used for entertainment production to house its district operations.
Carrara Pastries in Moorpark has signed a long-term lease for a larger location in the city, according to Daum Commercial Real Estate Services.
Los Angeles County has asked the California Supreme Court to stop Southern California Gas Co. from continuing to resume operations at the natural gas facilities in Aliso Canyon.
Tuesday, August 15
PS Business Parks Inc., the Glendale investor in office and industrial parks, announced Monday that its chief financial officer has stepped down.
Entertainment industry technology company FilmTrack has received $5.5 million in series C funding from Insight Venture Partners.
Apollo Medical revenue grows 236 percent, ImmunoCellular trims losses.
Monday, August 14
Cherokee Global Brands has amended its credit facility with Cerberus Business Finance, sending the company’s stock up more than 10 percent.
The acquisition of MRV Communications Inc. was finalized Monday by a German telecommunications supplier.
Aeroplex/Aerolease Group announced Monday the first solar power project at Van Nuys Airport.
Friday, August 11
The California Energy Commission has approved certification for a Seattle alternative energy company to build and operate a proposed natural gas power plant in Palmdale.
The Los Angeles City Council on Friday unanimously authorized the city’s Olympic bid committee to sign a contract with the International Olympic Committee to host the 2028 Summer Olympic and Paralympic Games.
Viking Cruises has expanded its portfolio of marketing partnerships with the announcement of three new agreements with cultural institutions.
Thursday, August 10
Shares of DineEquity Inc. jumped more than 4 percent Thursday after the release of the company’s second-quarter financial results and the news of hiring a new chief executive.
Valencia biopharmaceutical company MannKind Corp. is relocating its corporate headquarters to Westlake Village, the company confirmed Thursday.
Wednesday, August 9
Provision Holding Inc. anticipates the number of 3D shopping kiosks it will install in Rite Aid Corp. stores may stay at 700 rather than the 4,500 it once anticipated, the software and technology firm announced Wednesday in a letter to shareholders.
Shares of Wesco Aircraft Holdings Inc. dropped more than 24 percent the day after the company reported adjusted earnings and revenue that missed Wall Street estimates in the fiscal third quarter.
LTC Properties reports profitable quarter, Capstone Turbine has a loss.
Tuesday, August 8
Marcus & Millichap Inc., the commercial real estate brokerage firm in Calabasas, jumped Wall Street expectations for its second quarter despite weaker year-over-year results.
Walt Disney Co. missed analyst expectations on revenue for the fiscal third quarter but beat them on adjusted earnings.
DineEquity Inc. in Glendale has appointed former CKE Restaurants Inc. executive Brad Haley to oversee marketing initiatives for its IHOP brand. He will assume the post Aug. 14.
A 63-unit apartment complex in Glendale has traded for $20 million, delivering a 60 percent gain to the sellers, according to Encino commercial real estate firm Investment Real Estate Associates.
Monday, August 7
The 351-room Hilton Los Angeles North in Glendale sold for almost $73.5 million, or more than $209,000 per room last month, according to commercial real estate database Real Capital Analytics.
Three Valley shopping centers have been sold by an L.A. retail developer as part of a $345 million portfolio sale and joint venture formation.
Tutor Perini Corp. announced quarterly results Monday that exceeded Wall Street expectations on net income but fell short on revenue.
Salem Media income falls, B. Riley revenue triples and MannKind posts another loss.
Dr. Frederick Beddingfield III closed the Nasdaq on July 27, the first trading day for Sienna Biopharmaceuticals.
Q&A: Dr. Frederick Beddingfield III, chief executive of Sienna Biopharmaceuticals Inc., just took the company public.
Public transportation plays a central role in North Hollywood’s vision for the future.
North Hollywood’s transit station, culture and lifestyle attracts developers and investors.
Local hospitals grapple with the care and cost of a national epidemic.
How Valley providers grapple with the diabetes epidemic.
CAREER: Dual approach serves both job-seekers and companies with positions.
The Southern California branch of Goodwill Industries International Inc. is extending a helping hand to the Valley’s struggling teens and young adults through its new YouthSource Center in Panorama City.
SOFTWARE: Funding round of $25 million will finance international expansion.
Accounting software developer FloQast Inc. received $25 million in a second funding round.
EMPLOYMENT: For criminal history, liability goes beyond just job applications.
If you ever applied for a job that required you to fill out an application, you may have seen a checkbox next to the question “Have you ever been convicted of a felony?”
Stations want to carry live broadcasts from Sports USA, but advertisers have other options.
Sports USA recruits a top sportscaster.
TELECOM: Companies will combine strengths, but price yields a small premium.
MRV Communications is acquired at low premium.
AEROSPACE: When her father died, she had to run the business. But preparation paid off.
Founder’s daughter hopes to propel Caps Aviation to new heights.
Motley Crue member, NoHo designer donate items for sale.
Police and artists come together for a fundraiser.
Belize native brings fresh flavors to frozen dessert shop.
How making tropical ice cream became an obsession for owner of Helados Pops.
High schoolers take top honors en route to lucrative careers.
North Hollywood High Schoolers’ win at cybersecurity contest could blaze career path.
TECHNOLOGY: Firm positions products on e-commerce sites.
Feedonomics sees growth developing software for online retailers.
TRADE: County to promote exports, investment in Shanghai.
Ventura County’s Small Business Development Center expands to China. What’s the benefit for local businesses?
Why Cook Wednesdays offers convenience at Glendale apartments.
App developer partners with apartment manager and food trucks to bring tenants dinner.
ONE MORE THING: Newhall development could end L.A.’s housing crisis.
Friday, August 4
Residential developer California Home Builders in Canoga Park, a division of Evenhaim Industries Corp., has bought an office building for $16 million in Woodland Hills as the site for its next mixed-use project.
The Lancaster JetHawks has announced that it will be hosting next year’s California League All-Star Game and Festivities at the Hanger.
Shares of BlackLine Inc. fell nearly 19 percent Friday even though the company released second-quarter financial results the previous day that topped Wall Street estimates for both revenue and earnings.
Public transportation plays a central role in North Hollywood's vision for the future.
Why Cook Wednesdays offers convenience at Glendale apartments.
Thursday, August 3
Tutor Perini Corp. has begun construction on the Palisades Village project in Pacific Palisades.
PennyMac Financial Services Inc., the non-bank mortgage lender in Westlake Village, disappointed Wall Street Thursday.
California Resources Corp. reported mixed second-quarter results, falling short of analysts’ expectations on a widened net loss while surpassing them on revenue.
Teledyne Technologies Inc. beat Wall Street estimates on revenue and earnings in the second quarter, sending up its share price.
Wednesday, August 2
Businesspeople irate about California’s so-called PAGA law got a sympathetic hearing Wednesday from Assemblyman Adrin Nazarian during a breakfast meeting organized by the Valley Industry and Commerce Association.
Cheesecake Factory Inc. on Wednesday released preliminary financial results for the second quarter, beating Wall Street estimates for earnings but missing on revenue.
Tuesday, August 1
Southern California Gas Co. has resumed limited operations at its Aliso Canyon natural gas storage facility in Porter Ranch, the site of a massive methane leak in 2015 that forced more than 8,000 residents from their homes.
The United States has joined a lawsuit against the City of Los Angeles and the defunct Community Redevelopment Agency alleging that they fraudulently obtained housing grants, according to the Department of Justice.
Crednology Holding Co. announced Tuesday it plans to acquire a company that provides cloud computing based services.