Stories for December 2018
Monday, December 31
Walt Disney Co. and Verizon Communications Inc. have reached a deal on the distribution of ESPN and other Disney-owned television channels on the East Coast, according to media reports.
Jorge DeLeón has been elected as incoming president of the Ventura County Coastal Association of Realtors.
Keyes Hyundai has sold the first Nexo hydrogen-powered vehicle to a Ventura resident.
Friday, December 28
Sears Holdings Corp. announced that it will close its Kmart store in Burbank — one of 80 closures nationwide — as the Illinois retailer faces impending bankruptcy.
Michael Fant, the owner of a vacant lot in Valley Glen, has applied with the city of Los Angeles to develop a multifamily complex with retail elements on his property.
A division of Dole Food Co. will pay homage to the company’s Hawaiian heritage with its ninth annual float in the Tournament of Rose Parade on New Year’s Day.
Thursday, December 27
Public Storage announced Thursday that Joe Russell and Tom Boyle will become chief executive officer and chief financial officer, respectively, at the Glendale company on Jan. 1.
A single-tenant storefront property leased by 99 Cents Only Stores in Van Nuys has sold for $6.7 million, or $489 per square foot, according to CoStar data.
Interview Service of America LLC is closing its Lancaster call center and transferring the operations to Las Vegas.
Wednesday, December 26
A Glendale office building has sold for $11.1 million, or $326.47 per square foot, according to CoStar Group.
A joint venture between Investec Real Estate Cos. in Santa Barbara and DRA Advisors out of New York has acquired the 356,864-square-foot retail center The Esplanade in Oxnard for $96 million, according to a CoStar Group report.
The Conrad N. Hilton Foundation has awarded more than $38 million in grants in the final quarter of 2018, including more than $7 million to Los Angeles agencies, the Agoura Hills-based foundation announced Monday.
Monday, December 24
The Los Angeles Kings hockey team and American Sports Entertainment Co. have acquired the Pickwick Ice facility in Burbank.
Sen. Robert Hertzberg of Van Nuys will become majority leader of the California Senate.
A Glendale industrial site that is home to Acco Engineered Systems Inc. has sold for $20.7 million, or $689 per square foot, according to CoStar Group.
Friday, December 21
Cherokee Inc. has agreed to license its Tony Hawk apparel line to India clothing distributor Batra Group, the Sherman Oaks fashion brand company announced.
Teledyne Technologies Inc. has acquired the scientific imaging business of Roper Technologies Inc. in a deal valued at $225 million.
The city of Los Angeles has received $23 million in state cap-and-trade funding for environmental and zero-emission transportation projects in the Pacoima-Sun Valley area of the San Fernando Valley.
Thursday, December 20
Southern California Gas Co.'s new chief executive is Bret Lane, parent company Sempra Energy announced.
Sherman Oaks accounting firm Bessolo Haworth has appointed Sasha Baluka as a principal.
A major movie studio pros company has leased 89,452 square feet of North Hollywood warehouse space, CBRE Group Inc. announced.
About 200 members and guests of the Santa Clarita Valley Chamber of Commerce celebrated the holidays with a year-capping mixer held at Oakmont of Santa Clarita, an eldercare facility at 28650 Newhall Ranch Road.
Wednesday, December 19
FirstLight Home Care will open a new franchised location in Santa Clarita next year, the Ohio-based company announced Wednesday.
The Greater Conejo Valley Chamber of Commerce has donated $50,000 in donations toward the recovery efforts following the Woolsey and Hill fires, and the Nov. 7 shooting at Borderline bar in Thousand Oaks.
Deluxe Entertainment Services Group Inc. will lay off 68 employees early next year from two facilities in Burbank.
Tuesday, December 18
A 1 million-square-foot eldercare facility will be developed on a portion of the 59 acre property at Northrup Grumman’s Woodland Hills site.
Montecito-based Levine Family Properties LLC is proposing to create a 244-unit development at 21201 W. Victory Blvd. in Woodland Hills.
California State Sen. Bob Hertzberg will introduce a bill to lift state income taxes on newly forgivable student loan debt, the Van Nuys Democrat announced Tuesday.
A subsidiary of Tutor Perini Corp. has won a contract worth $104 million from the U.S. Air Force to design and construct facilities for the Royal Saudi Air Force, the company announced Tuesday.
Monday, December 17
Architecture and design firm Newman Garrison + Partners has released images for its Q East, one of five Q developments in partnership with Canoga Park-based California Home Builders currently under construction in Woodland Hills.
Tarzana-based Gelt Inc. has sold a 247-unit apartment complex in Salt Lake City.
AeroVironment Inc. Chairman Timothy Conver plans to sell a portion of his shares in the company, the Simi Valley drone maker announced Friday.
Friday, December 14
About 250 attendees packed the ballroom at the Airtel Plaza Hotel in Van Nuys, where Valley Industry & Commerce Association held its 69th annual meeting.
Dine Brands Global Inc. has purchased 69 Applebee’s Grill and Bar restaurants from franchisee Apple Gold Group.
Burbank post-production company Atlas Digital has partnered with Hollywood-based Runway Inc. to share editing systems, staff and other resources.
Dole Food Co. has sold two of its European subsidiaries to Norwegian produce distributer Bama Group for an undisclosed price.
Thursday, December 13
A group of business owners, saying they’re fed up with a particular California law, on Thursday morning took a page from labor organizations’ playbook and staged a public protest.
Cherokee Global Brands reported a profit during its third fiscal quarter despite lower revenues.
Real estate investment firm Bolour Associates Inc. has acquired 21200 Oxnard St., a 52,581-square-foot, single-story flex commercial building on 3 acres in Woodland Hills.
Kaiser Permanente mental health workers picketed outside the Woodland Hills Medical Center on Thursday as part of a weeklong strike for increased staffing and resources at Kaiser hospitals across the state.
Wednesday, December 12
Hyatt Regency Valencia is to open its transformed restaurant and bar in early 2019 as Greater Pacific.
Unrelated senior planned communities are proposed in Camarillo and in Moorpark, according to a pair of Acorn Newspaper reports.
The Los Angeles City Council introduced a motion Tuesday to eventually allow events at aircraft hangars on a case-by-case basis.
Welltower has gained a two-building medical office complex totaling 50,000 square feet in Westlake Village, spending $29.95 million on the acquisition, according to a Bisnow report.
Tuesday, December 11
Before some 400 attendees, Mayor Andy Fox delivered a keynote address at the city of Thousand Oaks’ annual State of the City Address Tuesday, acknowledging heroism and professionalism in the face of last month’s twin tragedies: the Borderline bar shooting, which left 13 dead, and the Woolsey Fire.
Muse Global, a school in Calabasas co-founded by filmmaker James Cameron, his wife Suzy Amis Cameron and her sister Rebecca Amis, has entered the franchise market to expand its educational format in the U.S. and internationally.
By a 4-to-1 vote, the Los Angeles County Board of Supervisors voted Tuesday morning to approve the massive Centennial master-planned community project at Tejon Ranch and bring 19,000 new dwellings to the Southern California region.
In its latest in a series of unconventional branding campaigns, IHOP has debuted an online store where pancake enthusiasts can shop for IHOP-themed clothing and accessories.
Monday, December 10
Limoneira Co. has appointed four members of its management team to executive positions, the Santa Paula agribusiness company announced Friday.
With the sale of CBS Television City in L.A.’s Fairfax neighborhood, CBS Corp.’s property in Studio City will become the broadcaster main base of operations in the market.
Cast & Crew Entertainment Services has been sold by its current private equity owner to a fund owned by a Swedish investment company.
The South Valley Area Planning Commission is considering a proposal to construct a small lot of houses in Lake Balboa, located roughly halfway between Louise and Amestoy avenues.
Populace goes elsewhere amid talk of a national recession.
Ventura County’s economy continues to flatline with little signs of improvement, according to economist Matthew Fienup.
Online news channel will mix technology and human interest stories about digital currency.
The recent drop in value in Bitcoin hasn’t done anything to dissuade Steve Slome and Lee Zuckerman from their next big project in cryptocurrency economics.
Thousand Oaks is the No. 12 most affordable city in California to buy a used vehicle this fall, according to a study by Autolist.com, a website for car sellers.
Holiday shoppers can keep up with Kardashian clothes.
Good American, a fashion line co-founded by television personality and entrepreneur Khloe Kardashian of Calabasas, has set up a pop-up shop at the Americana at Brand in Glendale through the holiday season.
As we make our way through the holidays, it’s become clear to me that there’s a problem our elected officials need to solve.
With a sigh, I vote for the state Supreme Court’s decision in April that basically outlawed the gig economy in California.
The City of Los Angeles is constantly evolving. People are healthier and living longer, which is fueling our growing population
The deal between Walt Disney Co. and 21st Century Fox to sell the latter’s media assets won’t close for another couple of months but already the deal is making waves in the entertainment industry.
MannKind Corp. climbed back from the brink of bankruptcy this year with a $105 million deal to develop a new lung disease treatment.
The 22-floor office tower at 800 N. Brand Blvd. presents an iconic – and in recent months problematic – landmark in downtown Glendale.
The Valley could have a new high-profile public company with Saban Capital Acquisition Corp.’s purchase of camera company Panavision Inc. in Woodland Hills and Sim Video International Inc. in Toronto.
In April, California Resources Corp. purchased portions of the Elk Hills oil field from Chevron Corp. for $460 million and 2.85 million shares of the company’s stock.
M&A fever finds fertile conditions in the Valley region.
2018’s largest transactions in the Valley area.
Santa Clarita’s just-elected representative Katie Hill has positioned herself as a pro-business Democrat.
In a mid-term election that shifted the balance of power in the House of Representatives, Katie Hill became the first Democrat to win California’s 25th District congressional seat in more than two decades
Online academy trains for tech job market.
Both a company and an academy, Coding Autism trains autistic individuals to find jobs in the technology industry.
GeoLinks and partners envision state network.
The Camp Fire in Northern California last month resulted in 88 civilian deaths and the destruction of nearly 19,000 structures, making it the worst wildfire in the state’s history.
Borrowers like low down-payments and fixed interest rates on loans.
The Valley region’s red-hot real estate market has helped and hurt Silverio Robledo’s business.
Little-known trust strategy prompts the creation of a new firm.
The high capital gains taxes levied on business and real estate transactions in California often discourage owners from going through with a sale.
Acquisition could add $5 million in revenue to Cinedigm’s top line.
Cinedigm Corp. has been on a roll lately as it adds to its ever-growing streaming services.
Investors see burgeoning market for blood product provider.
HemaCare Corp. has moved into a new headquarters to give it space to expand its technical capabilities in providing blood products to the cell therapy, biomedical research and drug discovery industries.
Friday, December 7
HemaCare Corp. officially opened it new Northridge headquarters Thursday.
Santa Clarita's newly elected representative Katie Hill has positioned herself as a pro-business Democrat.
The executive committee of the Valley Industry & Commerce Association passed a resolution Friday in opposition to a city of Los Angeles administrative ruling that prohibits public events in hangars at Van Nuys Airport and warehouses across the city.
Los Angeles Valley College President Erika Endrijonas has been selected to lead Pasadena City College by the school’s board of trustees.
Thursday, December 6
The Los Angeles Board of Airport Commissioners approved on Thursday an increase to the fuel delivery charge at Van Nuys Airport.
Medical treatment company Avita Medical will raise $29 million through the sale of private shares to global institutional investors, the company announced Tuesday.
The residence at 11947 Iredell St. in Studio City used in myriad television series sold for $5.25 million.
A Southwest Airlines jet skidded off the runway at Hollywood Burbank Airport Thursday morning amid heavy rains.
Wednesday, December 5
Architecture firm Newman Garrison + Partners has shared its first look at the Q at Erwin, its latest project in a network of mixed-use residential buildings, all called Q, in Warner Center under development by California Home Builders in Canoga Park.
Kaiser Permanente has pledged nearly a half million dollars in grants to Valley area nonprofits to expand community and mental health services.
A commercial bakery of pita chips, croissants and bagels has been purchased by a Dallas private equity firm for more than $15 million.
A nursing home operator in Texas that leases buildings from LTC Properties Inc. has filed for bankruptcy reorganization, according to LTC. The operator’s rent payments amount to nearly 10 percent of LTC’s revenue.
The E.W. Scripps Co. has bought Triton Digital Inc., a local company, for $150 million from private equity firm Vector Capital.
Tuesday, December 4
A range of companies headquartered in the greater Valley region suffered falling stock prices Tuesday, pulled down by a market that saw the Dow Jones Industrial Index lose nearly 800 points.
Spanish-language broadcaster LBI Media Inc. has filed for voluntary Chapter 11 bankruptcy protection as it goes through a restructuring.
Commercial real estate brokers Stacy Vierheilig-Fraser and Todd Wuschnig have joined Lee & Associates - LA North/Ventura as principals, Lee President Mike Tingus announced.
Monday, December 3
AeroVironment Inc. has moved its headquarters to Simi Valley from Monrovia, according to media reports.
A catering company is shutting down its satellite office at the Ronald Reagan Presidential Library and laying off 26 employees after losing a contract at the facility.
Rexford Industrial Realty Inc. announced Monday that it has acquired two industrial properties for $43.5 million, including one in Chatsworth for $29.5 million, or $115 per square foot.