SFV BUSINESS JOURNAL DAILY NEWS

Burbank Airport Closes One Terminal

Hollywood Burbank Airport will close one of its two terminals on Friday as passengers have dwindled because of the coronavirus outbreak.

Two Die Amid COVID-19 Outbreak at MPTF

Two residents at the Motion Picture and Television Fund’s retirement campus in Woodland Hills have died after testing positive for COVID-19, the chief executive confirmed Wednesday.

Mayor Orders Big Businesses to Pay Sick Leave

Mayor Eric Garcetti late Tuesday issued an emergency order that makes some companies pay sick leave to employees, effectively suspending a similar but more stringent ordinance approved by the Los Angeles City Council on March 27. Several business organizations lobbied to change the City Council’s version.

Mayor Orders Face Masks for Employees and Customers

Los Angeles Mayor Eric Garcetti on Tuesday issued an emergency order requiring essential service workers to wear face coverings, as well as customers shopping at essential businesses such as grocery stores.

Business Events Calendar

Business Events throughout the Valleys.

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.

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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.

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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.

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.

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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.

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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.

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