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SAN FERNANDO VALLEY Calabasas Rising Realty Partners has committed Republic Indemnity to a 50,000-square-foot lease at The Park Calabasas in Calabasas. Republic, an affiliate of Great American Insurance Group specializing in workers’ compensation, will relocate from its current Encino headquarters. The Park Calabasas, a multi-tenant office campus with 225,000 square feet of rentable space at 4500 Park Granada, has a natural running creek and open spaces for corporate events. CBRE Group Inc.’s Matthew Heyn represented the landlord. Wayne Hach and Greg Frankovich of Newmark Knight Frank represented the tenant. “Within the region there are very few contiguous spaces of this size and quality,” said Heyn in a statement. “We are seeing many companies in this region in search of functional, contemporary office space that they can use to create an efficient work environment to attract and retain talent in today’s highly competitive labor market. The Park Calabasas checks all those boxes.” Investment firm Altamont Capital Partners has agreed to acquire Topa Insurance Group, a Calabasas-based subsidiary of Topa Equities Ltd. in Los Angeles. Altamont, based in the Bay Area, will take majority control of the business, but Topa Equities will retain a minority equity stake after the deal closes. Financial terms of the transaction were not disclosed. Topa Insurance specializes in property and casualty insurance, a strategy that will not change under Altamont’s management. Founded by John Anderson in 1956, Topa Equities is a private, family-owned, diversified holding company. Headquartered in Los Angeles, the company owns more than 25 subsidiaries with primary locations in Southern California, Hawaii and the U.S. Virgin Islands. Chatsworth Aerojet Rocketdyne has been chosen by NASA to be part of a new program to develop capabilities to benefit future space missions. The Chatsworth campus of El Segundo-based parent Aerojet Rocketdyne Holdings Inc. will work with the Marshall Space Flight Center in Huntsville, Ala. to design and manufacture a lightweight rocket engine combustion chamber using innovative processes and materials. “The goal of the project is to reduce manufacturing costs and make the chamber scalable for different missions,” NASA said in a release. North Hollywood Fox Entertainment is buying Bento Box Entertainment, the animation house behind “Bob’s Burgers” and other animated hits. Fox acquired Bento Box for an undisclosed sum although a story on the deal in the Wall Street Journal put the price at less than $50 million. Fox Entertainment is part of Fox Corp., which owns broadcast and cable networks, television stations and the national operations of Fox Sports. The deal is the first significant decision by Fox since spinning off its entertainment assets to Walt Disney Co., which acquired them for $71.3 billion. The acquisition is part of a strategy to build in-house capabilities to fuel its portfolio, Fox said in a release. Bento Box was founded in 2009 by Scott Greenberg and Joel Kuwahara, who will remain with it under Fox. The animation studio is currently making two new series to air on Fox starting next spring, “Duncanville” and “The Great North.” Pacoima Northeast Valley Health Corp. has opened a women’s health care clinic in Pacoima, as an extension of the company’s Pacoima Health Center. The new location at 12759 Van Nuys Blvd. plans to take on 5,000 patients within a year of opening. Many patients at the clinic will move from Pacoima Health Center or come from the Arroyo, a temporary bridge housing for homeless women under construction in the former Sylmar Armory building. Services at the new clinic will include prenatal and postnatal care, breast and gynecological exams, cancer screenings, reproductive health services, contraceptive education and prescriptions, and HIV and STD counseling. Sherman Oaks Robert Shapiro, the former chief executive of Sherman Oaks-based Woodbridge Group of Cos., pleaded guilty this week to conspiracy and tax evasion charges related to his orchestration of a $1.3 billion Ponzi scheme in which more than 7,000 investors suffered losses, according to authorities. Shapiro is scheduled for sentencing on Oct. 15 in South Florida and faces a maximum 25 years in prison. Prosecutors said Shapiro used Woodbridge to solicit investments primarily from seniors on the basis that their money would be used to invest in high-interest real estate loans. Instead, money from new investors was used to pay interest and dividends to established investors, as well as to bankroll lavish lifestyles for Shapiro and others. Losses to investors are estimated at more than $100 million. Co-defendants Dane Roseman and Ivan Acevedo were also charged and are scheduled for trial in February. Tarzana Optimus Properties, a real estate investment company in Los Angeles, has purchased a medical and office building in Tarzana for $22 million, according to brokerage Kidder Mathews. Tarzana Tower, located at 18321 Ventura Blvd., is an 84,780-square-foot, 10-story multi-tenant office and medical building adjacent to Providence Cedars-Sinai Tarzana Medical Center. Janet Neman with Kidder Mathews represented Optimus in the transaction. “The partnership of Providence and Cedars-Sinai will expand health care in the San Fernando Valley, and Tarzana Tower will be ideally positioned to accommodate the area’s medical users,” Neman said in a statement. Van Nuys Los Angeles Community College District Chancellor Francisco Rodriguez nominated Barry Gribbons for the position of president at Los Angeles Valley College in Van Nuys. He was approved by the school’s board and started Aug. 15. “Valley’s dedicated faculty, staff and administrators have a tradition of providing access to strong programs,” Gribbons said in a statement. “I’m excited to join with them as they celebrate their 70th year of exceptional higher education programs in service to our students and the surrounding community.” Gribbons was formerly deputy chancellor at College of the Canyons in Santa Clarita, a position he held since 2015. SANTA CLARITA VALLEY Valencia Wesco Aircraft Holdings Inc. is being acquired by private equity firm Platinum Equity in a deal valued at $1.9 billion. The Valencia aerospace parts and supply chain services provider will be combined with Pattonair, a Platinum Equity-owned supply chain management services company based in the United Kingdom. “This transaction is a strong validation of our customer value proposition, and it will allow us to find new and innovative ways to bring more value to customers, enhance relationships with suppliers and create additional opportunities for employees,” Wesco Chief Executive Todd Renehan said in a statement. The acquisition is expected to close by the end of the year. Wesco, a publicly traded company, will become privately held and shares of its common stock will not be listed on the public market. TRI-CITIES Burbank Entertainment Partners, a payroll and software company for the entertainment industry, plans to permanently lay off 82 employees by the end of September, the company said in a filing last month with the California Employment Development Department. Entertainment Partners has more than 200 employees. The layoffs include three executives, and numerous payroll managers and analysts. The move comes after TPG Capital, a Texas-based private equity firm, bought Entertainment Partners in March. Walt Disney Co. missed Wall Street expectations of adjusted earnings and revenue in the fiscal third quarter. The Burbank entertainment and media giant reported adjusted net income of $3.3 billion ($1.35 a share) in the quarter ending June 29, compared with adjusted net income of $3.9 billion ($1.87) in the same period a year earlier. Revenue increased by 33 percent to $20.2 billion. Analysts on average expected earnings of $1.75 on revenue of $21.5 billion, according to Thomson Financial Network. All four business divisions reported increases of revenue, with the direct-to-consumer and international unit reporting a boost of more than 100 percent to $3.9 billion as it included income from 21st Century Fox businesses. Disney closed on its acquisition of Fox at the end of March.

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