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Around The Valleys

SAN FERNANDO VALLEY BURBANK Robert Iger, chief executive of Walt Disney Co., took home more than $65 million in compensation last year, according to a filling by the Burbank media and entertainment company with the Securities and Exchange Commission. Iger’s base salary was $2.9 million, his stock awards were $35 million, options totaled $8.3 million, “non-equity incentive plan compensation” came in at $18 million, with other categories making up the remainder. In a non-binding vote last year, 52 percent of Disney shareholders opposed the compensation packages of Iger and other executives. Disney’s other top executives took home a fraction of Iger’s compensation. General Counsel Alan Braverman received $10.4 million, Chief Financial Officer Christine McCarthy received $11.8 million, Chief Human Resources Officer Jayne Parker received $6.8 million and Chief Communications Officer Zenia Mucha earned $5.1 million. Kevin Mayer, former chief strategy officer and now chairman of Disney’s online streaming and international operations, took home $11.6 million. Human resources technology company CareerArc has raised $30 million in a financing round led by an East Coast private equity firm. The Burbank company founded in 2009 provides software for hiring new talent at a company as well as transitioning employees out. Its client list includes Cheesecake Factory, Cedars-Sinai Medical Center, American Airlines Inc. and Thermo Fisher Scientific. Robin Richards, chief executive and co-founder, said the funding led by PeakEquity Partners, in Radnor, Pa. and including Kinderhook Industries LLC, in New York, will be used to accelerate growth, expand product offerings and strengthen CareerArc’s market position. “PeakEquity has a broad set of strategic and operational experience that will be valuable as we continue to execute on our vision and take CareerArc to the next level,” Richards said in a statement. Walt Disney Co. shut down its website Babble after more than a decade of serving as a resource for parents. The Burbank entertainment and media giant acquired Babble Media Inc. in 2011 for about $40 million and added more than 200 bloggers of family and parenting issues. Babble Media, in New York, was started in 2006. Time magazine named Babble one of the best websites of 2010, and Forbes included it as one of the Top 100 Websites for Women. A message from the Babble editors at the website simply stated that Babble would be saying goodbye and gave no reason for the shutdown. SHERMAN OAKS Cinedigm Corp. has sold off 125 digital projection systems, bringing to more than 200 the total number of systems it has unloaded. Terms of the deal between the Sherman Oaks entertainment content distributor and the buyers of the systems were not disclosed. The sale represents an important step in monetizing the more than 3,700 digital cinema systems the company has installed in movie theaters, primarily in North America. In addition to the 125 recently sold systems, the company previously sold another 119 systems. Gary Loffredo, president of Cinedigm’s digital cinema division, said the company was pleased with the revenue generated from selling off 7 percent of its digital cinema inventory. SYLMAR A subsidiary of Tutor Perini Corp. has won a contract worth $88 million to build a parking structure at the Charleston International Airport in South Carolina. The Sylmar construction company will begin work this month with an expected completion date in the fall of 2020. The five-story structure will have 3,000 parking places on 1 million square feet of space. It will be built of cast-in-place concrete. The project also includes a pedestrian walkway, new roadway, landscaping, elevator and lobby, and renovations to the existing walkway and circulation area. VAN NUYS Real estate firm Avison Young has brokered the $3.6 million sale of a 16,230-square-foot warehouse in Van Nuys. The property, located at 7727 and 7729 Burnet Ave., was sold by Los Angeles’ Burnet Investments LLC, which had been occupying the space for its janitorial-supply business, California Contractors Supplies Inc., since the 1970s. The buyer was JP Burnet of Los Angeles. Avison Young Principals Andrew Berk and Mark Evanoff, operating out of the company’s north Los Angeles office, represented the seller, while Berk also represented the buyer. The single-story building includes office space buildout, 32 parking stalls, a gated lot, 16-foot clear-height ceiling and two ground-level roll-up doors. WOODLAND HILLS Los Angeles City Councilman has Bob Blumenfield launched a new transportation management organization to promote alternative transit in the Warner Center. Warner Connects encourages residents and people who work in Warner Center to walk, bike and use public transportation and carpooling to get around the area that is considered the downtown of the west San Fernando Valley. “My vision is for Warner Center is to be the greenest and most welcoming destination in all of Los Angeles,” Blumenfield said in a statement. “Warner Connects will help us reduce traffic and carbon emissions while improving residents’ and local employees’ quality of life.” Transportation management organizations are made up of local stakeholders, businesses and city agencies, including City Planning and the Los Angeles Department of Transportation. Warner Connects will leverage its position to assist local businesses to comply with air quality and trip reduction regulations and to advocate for regional mobility improvements. “Our goal is to connect people to the services and resources they need to better navigate to, from and around Warner Center,” Warner Connects Executive Director Julia Wean said in a statement. VENTURA COUNTY CAMARILLO Daum Commercial Real Estate Services has sold a $24.5 million portfolio of six industrial buildings, according to the Camarillo Acorn. Timothy Foutz of NAI Capital’s Encino office represented the buyer, a family trust, in the transaction. Mitch Conlee, executive vice president at Daum’s Ventura County office, closed the sale on behalf of Ventura-based seller Marcus Adams Properties. The individual properties consist of a 37,204-square foot edifice at 4098 Calle Tesoro in the Flynn Road Industrial Park; the 81,172-square-foot building at 1250, 1260, and 1270 Avenida Acaso, also in the Flynn Road Industrial Park; and the 31,391-square-foot structure at 1199 and 1221 Avenida Acaso. The half-dozen structures total 51 units and span almost 150,000 square feet in multi-tenant space. The Entrepreneurship & Small Business Institute at California State University – Channel Islands has named Cynthia Sherman as its new director. The institute is part of the Martin V. Smith School of Business & Economics at the Camarillo university. It enables students to work with and learn from area businesspeople as they design, launch and run their own businesses. Sherman plans to spread the concept of entrepreneurship and partnerships with the science, technology, engineering and math fields throughout the campus. “I’d like Cal State Channel Islands students to have a greater exposure to the business community and for the business community to see our students as great interns, employees and employers,” Sherman said in a statement. “As time goes by, we’ll have more workshops on campus in which there is more cross-pollination from other programs.” The institute stresses learning through experience and achieves this goal through events planned for this spring, including an “Elevator Pitch” competition, a live-pitch event in April and a personal finance workshop to teach students financial literacy. THOUSAND OAKS Thousand Oaks Biopharmaceuticals Inc. has closed a $45 million Series A financing round led by a Chinese investment group. The company, co-headquartered in the Conejo Valley and in Shanghai, will use the money to start construction on a large-scale cell culture manufacturing facility in Haimen, near Shanghai. The financing was led by New Alliance Capital, in Shanghai. and joined by Addor Capital and Broadhi Capital, both in China, among other investors. Thousand Oaks Biopharmaceuticals Chairman Shun Luo said he was excited about the opportunity to further enhance capabilities in the chemistry, manufacturing and control process value chain, including cell culture development. “Our goal is to become a world-class chemistry, manufacturing and control organization enabling our partners to provide affordable and accessible biologics for humanity,” Luo said in a statement.

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