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Former Federal Energy Regulator Joins Capstone Board

Capstone Turbine Corp. has appointed Robert Powelson to its board of directors.

NoHo Complex to Replace Strip Mall, Apartment Building

A proposed development would raze a strip mall and vacant apartment building in North Hollywood to pave the way for an 84-unit apartment building.

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Logix Credit Union Opens Branch in Santa Clarita

Logix Federal Credit Union has opened its newest branch at Bridgeport Marketplace in Santa Clarita.

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FDA Approves Amgen Biosimilar for Breast Cancer

A cancer drug developed through a collaboration between Amgen Inc. and Allergan Plc. has been approved by the U.S. Food and Drug Administration, according to a statement from the companies.

Business Events Calendar

Business Events throughout the Valleys.

Westlake Village Office Building Sells for $18 Million

Westlake Plaza Centre 2, an 84,098-square-foot office building at 2829 Townsgate Road in Westlake Village.

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Northridge Hospital Hires New COO

Northridge Hospital Medical Center on Monday named Betsy Hart its chief operating officer, according to a statement from Dignity Health.

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Toymaker MGA Proposes Merger with Rival Mattel

Chatsworth toy manufacturer MGA Entertainment Inc. made a bid last month to merge with rival toy company Mattel Inc., in El Segundo, which rejected the offer.

Burbank Warehouse Sells for $2.3 Million

A 7,400-square-foot industrial building in Burbank has sold for $2.27 million, or $307 a square foot, according to brokerage NAI Capital.

Sightseeing Bus Company Signs $2.6 Million San Fernando Lease

Sightseeing tour bus operator Big Bus has signed a five-year, $2.6 million lease for 720 Jessie St. in the city of San Fernando.

Business Journal Recognizes CFOs, HR Professionals at Awards Luncheon

Finance and HR professionals in the San Fernando Valley gathered at the Hilton Woodland Hills for the Business Journal’s annual Chief Financial Officer and Human Resources Awards ceremony on Wednesday.

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Burbank Ranked the Best Airport in the Nation

Fodor’s named Hollywood Burbank Airport the best in the nation, citing its convenience, location and traveler experience.

Facey Medical Foundation to 'Transfer' 94 Employees

Facey Medical Foundation, an affiliate of Providence Health and Services, issued a statement June 5 that it will lay off 94 employees from its Mission Hills location, but they will be rehired by a contractor.

Medtronic Partnership to Automate Insulin Pumps

Medtronic Inc., a medical technology company headquartered in Dublin, Ireland with its insulin pump division in Northridge, plans to work with Palo Alto-based Tidepool on an automated insulin pump system for diabetes.

Agoura Hills Office Property Sells for $4.75 Million

A private investor has purchased a multi-tenant office building in Agoura Hills from an undisclosed seller for $4.75 million.

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AeroVironment Buys Unmanned Helicopter Company

AeroVironment Inc. has acquired Pulse Aerospace LLC, a maker of unmanned helicopters in a deal valued at $25.7 million.

Fire Damages Shops in North Hollywood

A fire burned through a row of one-story retail businesses on Monday in the heart of the North Hollywood Arts District, causing severe damage to five shops.

Brush Fire Closes Magic Mountain

A small brush fire erupted around noon Sunday just East of Six Flags Magic Mountain, spurring an evacuation of the Santa Clarita amusement park.

Vertical Cos. Pays $463 Million for Multi-State Pot Operation

Vertical Cos., a vertically integrated medical and recreational marijuana company headquartered in Agoura Hills, will acquire UMBRLA Inc. for nearly $463 million.

Harbor Freight Moves Calabasas Headquarters

Harbor Freight Tools USA Inc., a national tool retailer that was formerly based elsewhere in Calabasas, has signed a 228,990-square-foot, 15-year lease at Corporate Center Calabasas.

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