The Terasaki Institute, a Los Angeles biotech nonprofit, plans to transform the former Weider Health and Fitness Center into a biomedical research and development facility.
A 96-unit apartment building in Van Nuys has sold for just over $19.3 million, or $200,337 a unit.
Antelope Valley Hospital received a $500,000 grant from aerospace giant Lockheed Martin to obtain personal protective equipment, according to a statement from the hospital.
Endonovo Therapeutics Inc. has arranged an equity purchase agreement with Cavalry Fund I, under which Endonovo will sell up to $10 million in shares during the next 24 months.
I don’t think any of us truly believed we would be living through this unimaginable time.
News and notes from the greater San Fernando Valley
News and notes from the greater San Fernando Valley
RESIDENTIAL: Landlords say new rules promote lawsuits and non-payment of rent.
Since March, the state of California has sought to protect residential tenants from landlord abuse by imposing moratoriums on rent hikes and evictions as they navigate the coronavirus crisis.
DEVELOPMENT: Reseda and Canoga Park enjoy surge of apartment building.
The bedroom communities of Canoga Park and Reseda may seem sleepy by comparison to North Hollywood or Woodland Hills, yet there is more going on than meets the eye in these Valley neighborhoods, with new commercial and residential developments, purchases and overhauls in recent months.
Ventura County apartments trade for $92 million.
The Artisan at East Village in Oxnard has sold for $92 million, or $339,154 per unit, in one of the highest payouts ever for a Ventura County commercial property, according to CoStar Group.
Trammell Crow, Clarion advance on second phase of buildout for industrial park in Santa Clarita Valley.
Trammell Crow and Clarion Partners announced mid-May that they are in the throes of closing escrow on a 137-acre piece of real estate at Center at Needham Ranch that will pave the way for the completion of the 252-acre industrial park’s second phase.
Kevin Bernzott founded his namesake firm in 1994. He and a team of 10 employees manage accounts with a minimum of $10 million for institutional clients. Previously chief executive of McGaelic Group, a multi-generational family investment office in Oxnard, he focused on real estate development and asset management. Bernzott earned a doctorate in law from the University of West Los Angeles.
Charlie Isaacs and Dave Paller have a combined 65 years of serving the financial needs of clients who typically have $1 million or more in investment capital. Isaacs, who lives in Sherman Oaks, began his career in 1986 with EF Hutton and later spent more than 20 years with Smith Barney and another 11 years with UBS Financial Services before partnering with Paller for Raymond James Financial. Paller is a native of Phoenix who worked for 11 years at UBS Financial before joining Raymond James this year. Both men have the title senior vice president of investments.
Kevin Rex is a wealth advisor and a partner at Morton Capital Management, a Calabasas firm where clients have invested on average $2 million. Rex plays an integral role on Morton’s advisory, investment and financial planning teams, with a specialization in the life insurance sector. He is a Certified Financial Planner and joined the company in 2015. He resides in Oak Park with his wife, Nicole, and their three children.
Louie Valdez, managing director of investments at Valdez & Polanski Wealth Management Group of Wells Fargo Advisor, has worked in finance for 28 years. His team specializes in providing comprehensive wealth management to affluent families in the Conejo Valley. Valdez, himself a Conejo Valley native, graduated from California State University – Northridge in finance and economics. He later bolstered his credentials by becoming a Certified Financial Planner and earning a master’s degree in personal financial planning. He is currently co-chair of the California State University – Channel Islands Planned Giving Council and the nonprofit Senior Concerns of Thousand Oaks. He also served as chairman of the Moorpark Foundation for the Arts. In 2016, Valdez was a recipient of the San Fernando Valley Business Journal’s Trusted Advisor Award. Valdez has been married to his wife, Tina, for over 25 years and has two children, Anthony and Alexis.
Prior to founding Manchester Financial in 1990, Robert Katch was associate treasurer at Pepperdine University in Malibu. He was responsible for the university’s corporate finance function including cash and debt management, as well as the institution’s $250 million investment portfolio. From 1991 through 2003, Katch also served as an adjunct professor at Pepperdine, where he taught investment, accounting and finance courses. He currently serves on the board for Pepperdine’s Seaver College and chairs the investment committee for the Ventura County Community Foundation’s endowment portfolio.
After 23 years of financial management experience, Jason Sands has hollowed out a niche consulting for wealthy West Valley families – his clients have a net worth of $5 million or more and at least $1 million in liquid investable assets. Sands started his career in 1994 as a finance executive at Henson Aviation Services Inc. in Newbury Park. He left in 1997 to join Merrill Lynch as a financial consultant, where he spent three years before becoming an advisor at Wells Fargo Advisors in Encino. He stayed there for nearly 20 years. Sands joined Ameriprise Financial Services in Woodland Hills in March 2019.
Safety a concern when film and TV production resumes.
The Hollywood Professional Association announced early this month the formation of the Industry Recovery Task Force.
Sherman Oaks firm signs distribution deal for movies.
Cinedigm Corp. announced this month that it had acquired the rights to distribute crime thriller “Devil’s Night: Dawn of the Nain Rouge” and the action comedy “All for Nikki.”
Training facility separates from Bryant family.
Mamba Sports Academy has dropped the “Mamba” from its name and rebranded as Sports Academy four months after celebrity partner Kobe Bryant died in a helicopter crash in the hills of Calabasas.