Stories for May 2018

Thursday, May 31

Amgen Enters Oncology Agreement with MD Anderson

Several of Amgen Inc.’s early-stage therapies for lung and blood cancers will be available to patients through trials at the University of Texas MD Anderson Cancer Center in Houston as part of a five-year collaboration between the Thousand Oaks company and the cancer hospital.

L.A. Chamber Selects Maria Salinas as CEO

The Los Angeles Area Chamber of Commerce on May 30 announced its board has named local finance executive Maria Salinas as its first woman chief executive in its 130-year history.

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L.A. City Attorney Targets Illegal Pot Operations

Nine commercial businesses in the San Fernando Valley were among the 32 named in criminal cases filed by Los Angeles City Attorney Mike Feuer targeting unlicensed cannabis activity.

FAA Clears Airborne Wireless Test Flights

Airborne Wireless Network has received approval from the Federal Aviation Administration to conduct test flights with Cessna 172 aircraft.

Public Storage’s European Affiliate May Go Public

Public Storage’s affiliate in Europe, Shurgard Self Storage Europe, is considering an initial public offering.

Wednesday, May 30

Amgen, Harvard to Develop Online Science Education Platform

The Amgen Foundation has partnered with Harvard University to launch a free online science education platform for high schoolers and college students, the Thousand Oaks biotechnology company announced Wednesday.

Taxes, Regulation, Housing Top Business Issues Per BizFed Survey

A survey of more than 700 business leaders in L.A. County found that taxes, government regulation and housing are their top concerns.

Northridge Mall to Convert Retail Floor to Creative Offices

Northridge Fashion Center will convert 45,000 square feet of former retail space to creative offices and has hired Charles Dunn Co.’s Los Angeles Tri-Cities office to market the property.

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Semtech Beats Q1 Expectations

Semtech Corp. beat Wall Street expectation on adjusted earnings and revenue in the fiscal first quarter.

Tuesday, May 29

AmaWaterways Christens New River Cruiser

AmaWaterways has christened river cruise ship AmaLea with a ceremony in Vilshofen, Germany.

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Canoga Park Multifamily Fetches $5.5 Million

A 25-unit multifamily building has sold for $5.5 million in Canoga Park, fetching more than $301 per square foot, according to Matthews Real Estate Investment Services, which arranged the sale.

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Conejo Valley IT Firm Gains Scale With Acquisition

Technology company ISSquared has acquired Starnet Data Design in a move that allows the Conejo Valley company to expand its product and service offerings.

Monday, May 28

Around the Valleys: May 28

Semtech Corp. has partnered with Comcast Corp.’s Internet of Things network service to co-sponsor a program for city government agencies to develop and deploy smart city products and services.

The Big Query for Our Next Governor

Next week, California will take the first step in choosing its next governor. Lots of fancy promises have been made – our next governor is going to expand all kinds of popular programs which will make California greener, better educated and more connected.

Will BlackLine Stay in the Black?

BlackLine has been a nice story for the San Fernando Valley. It went public more than a year and a half ago, and the stock has been a solid performer. The company generally has gathered nice reviews from the investment community as well as for its products, financial software.

Valley Brightens as State Growth Premium Fades

Business Journal’s Economic Forecast points to rising local fortunes.

Business Journal partners with Cal Lutheran on economic forecast.

Meet the Brew Crew

Anheuser-Busch plant opens doors to visitors with a summer weekend tour program.

Budweiser brewery in Van Nuys sells out tickets for summer tours.

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Monumental Armenian Museum in Glendale

Architects take project close to their hearts.

Glendale architecture firm to design Armenian American Museum.

Shop Sells Pot, Minus the High

Tarzana customers seek relief from inflammation, pain.

Tarzana store sells products made with Cannabidiol, a compound from hemp.

Technology, Tax Reform Impact Money Managers

Financial firms look beyond equities amid growing market volatility.

How technology and tax reform are impacting money managers.

Film-Famous Ambush Rock Up for Sale

Chatsworth home features ‘Lone Ranger’ location in backyard.

That recognizable rock, located north of the 118 freeway, has since been incorporated into the landscaping at 11646 Poema Place in Chatsworth and is now for sale at a listing price of $1.95 million.

So Which Price Is Right?

Consulting firm helps companies define customers who will pay the most.

Consulting firm helps companies find maximum prices for products and services.

Boeing Acquisition: No Turbulence for Wesco

Parts supplier’s chief executive sees it as a market positive.

Chief executive says Wesco Aircraft won’t be affected by Boeing acquisition of competitor.

Next-Gen Reformer

19-year-old Justin Clark is running for the California Assembly on a pro-business platform.

College student and Assembly candidate Justin Clark has plans to help small businesses.

State Senate Passes Hertzberg’s Blockchain Bill

Valley politician looks for ‘creative ways’ to use secure technology.

Local lawmaker’s bill on blockchain technology passes in state Senate.

Venture Capital Funds Text Messaging to Patients

mPulse’s AI enhances engagement with providers via phone

Encino tech firm closes $11 million in funding.

Successful Women Accountants

Gender diversity in the accounting profession, plus profiles of successful women accountants.

Let’s Keep Our Focus on Transportation

Last year, the California Legislature approved Senate Bill 1 – the Road Repair and Accountability Act of 2017 – to provide more than $5 billion annually for road maintenance and rehabilitation

How a Little Help Can Make a Big Impact

I recently received a letter, at my home address, from a woman whose name I did not recognize. In the letter, she introduced herself as the daughter of a man about to turn 80 years old and gave a name that rang a bell, but was not one I could immediately place. I wasn’t even sure that the letter was meant for me.

Friday, May 25

Coty Opens New 26-Acre Headquarters in Calabasas

Beauty product company Coty Inc. has opened the new headquarters for its salon and professional division in Calabasas.

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MWest Holdings Buys Canoga Park Townhouses for $12 Million

Los Angeles-based MWest Holdings has acquired Sunset Gardens, a 42-unit townhome community in Canoga Park, for $12 million, according to the company.

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Teledyne Enters New Phase of Planetary Search Contract

A subsidiary of Teledyne Technologies Inc. has won the second phase of a $47 million contract from the European Space Agency to provide sensors used aboard a spacecraft that will search for Earth-like planets in the solar system.

Preview: Meet the Brew Crew

Anheuser-Busch plant in Man Nuys opens doors to visitors with summer weekend tour program.

Preview: Shop Sells Pot, Minus the High

RETAIL: Tarzana customers seek relief from inflammation, pain.

Julie Choi

At Rose Snyder & Jacobs, Julie Choi, who enjoys working alongside fellow female partners Shana Merrill and Rebecca Snyder, has worked in accounting for more than two decades.

Sheri Grossberg

At SRG, Sheri Grossberg is one-third of the firm’s principals, alongside Philip Marshall and Scott Goldfarb.

Robin Paule

With more than 30 years of experience in tax consulting and compliance, Robin Paule focuses on advising high net worth families, businesses and nonprofit organizations.

Jenny Bolsky

Joanna (Jenny) Bolsky has 30 years of experience in governmental and public accounting, including 25 years in financial statement audits for tax-exempt organizations.

Jenny Chen

As head of Hutchinson & Bloodgood’s Legal Service Group, Jenny Chen has knowledge of the accounting involved in law firms and frequently speaks to attorney groups.

Mary Akpovi

With a doctorate degree in business administration, Mary Akpovi consults with multinational and domestic businesses on tax planning and financial strategy.

Margaret Shanley

As national director for CohnReznick’s Transactional Advisory Services practice, Margaret Shanley performs due diligence for acquisitions and other strategic transactions.

Elizabeth Woo

As managing director in audit services, Elizabeth Woo develops and implements technology-driven audit strategies to achieve effective and efficient high-quality audits for clients of Crowe, the global firm formerly known as Crowe Horwath.

Thursday, May 24

Warner Center Site to Host Five-Story Apartment Building

A five-story, 310,490-square-foot multifamily structure —featuring 275 residential units and 418 parking spaces — is planned for an industrial site at 21001 W. Kittridge St. in Woodland Hills, according to Urbanize.LA.

Valley Students Win Warner Bros. Scholarships

Warner Bros. Entertainment has named the five high school seniors receiving scholarships and internships through its Reach program, including two students from the Valley.

BYD Exec to Head Antelope Valley Transit Authority

The Antelope Valley Transit Authority announced that BYD Motors Inc. executive Macy Neshati has been named the new executive director and chief executive of the organization.

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Amgen to Participate in Cancer Symptom Research Project

Amgen Inc. has partnered with four government agencies and universities to launch a program aimed at helping cancer patients better manage their symptoms.

Wednesday, May 23

American Homes 4 Rent Appoints New CFO

American Homes 4 Rent has appointed Christopher Lau as chief financial officer, effective July 1, the Agoura Hills-based company announced Wednesday.

Disney-ABC Exec to Leave Company

Bruce Rosenblum, president of business operations for Disney-ABC TV Group, will leave the company at the end of this month, according to an internal memo sent by Disney-ABC President Ben Sherwood.

Workers Stage Picket at Providence Tarzana

About 100 employees of Providence Tarzana Medical Center turned out for a picket yesterday to protest what they described as unfair labor practices.

Tuesday, May 22

Five Arrested in Valley Health Insurance Fraud

Five people were arrested and charged on Tuesday with conducting a health insurance fraud scheme that involved patients at a pair of medical spas in the San Fernando Valley.

Capstone Sells 1.4 Megawatt System in United Kingdom

Capstone Turbine Corp. has sold a 1.4 megawatt generator to a client in the United Kingdom.

Calabasas Office Building Sells for $11 Million

A building at Corporate Center Calabasas has sold for $11 million, brokerage CBRE Group Inc. announced Tuesday.

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MGA’s Larian Drops Bid for Toys R Us

MGA Entertainment Inc. Chief Executive Issac Larian has withdrawn his offer to purchase hundreds of Toys R Us stores after he was unable to come to terms with the bankrupt retailer’s creditors.

Pizza Shop Owner Sentenced for Tax Evasion

The owner of a Northridge pizza restaurant was sentenced to more than two years in state prison for sales tax evasion.

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Monday, May 21

Valley Transit Projects to Receive Gas Tax Money

The Los Angeles County Metropolitan Transportation Authority will receive more $75 million from the state’s gas tax to help fund improvements to the Orange Line busway, officials said May 18.

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US Nuclear to Sell Chemical Sniffers

US Nuclear Corp. has signed an agreement with a Newbury Park company to receive the non-exclusive rights to sell its chemical sniffers.

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Comcast, Semtech Partner on Smart City Program

Semtech Corp. has partnered with Comcast Corp.’s Internet of Things network service to co-sponsor a program for city government agencies to develop and deploy smart city products and services.

$44 Million Grant to USC Will Fund Cancer Tracking in L.A. County

A nearly half-century old cancer registry managed by USC has received nearly $44 million to track the disease in Los Angeles County for the next 10 years, the university announced Monday.

Foreign-Owned Companies Increase in L.A. County

The number of foreign-owned enterprises increased by almost 5 percent in Los Angeles County in 2017 but the number of people employed and the estimated wages paid by those companies declined year-to-year, according to a report released May 18.

Friday, May 18

Armenian Nonprofit to Rehab Defunct Fire Station

Glendale-based Armenian Cultural Foundation plans to convert a defunct, single-story Encino fire station into a cultural center.

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L.A. County Unemployment Rate Dips to 4.4 Percent

L.A. County’s unemployment rate dipped to 4.4 percent in April after three straight months at 4.5 percent as local employers added a modest 5,000 jobs to their payrolls, according to state figures released Friday.

Business Group Discusses Repeal of State Gas Tax

Business leaders should work to repeal an increase to the state’s gas tax, members of a local group heard Friday morning.

Amgen Migraine Drug Gets FDA Approval

Amgen Inc.’s drug Aimovig has received Food and Drug Administration approval for the prevention of migraines in adults, the first drug of its kind to do so.

Report: MGA Proposed Merger With Mattel

Isaac Larian, chief executive of Van Nuys toymaker MGA Entertainment Inc., last month offered to merge the company with rival Mattel Inc., according to a report by The Wall Street Journal Friday.

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Thursday, May 17

B. Riley Raises $97 Million for MagicJack Purchase

B. Riley Financial Inc. has raised nearly $97 million in a senior note placement, the company announced Thursday.

HUB Exec to Specialize in Insurance for Real Estate Industry

HUB California has hired Mark Dobbs as a vice president for its national Real Estate Specialty Practice in Westlake Village.

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Steve Allen Awards Honor Schools, Students and Educators

The Valley Economic Alliance recognized Valley schools, students and educators that have earned national honors at the organization’s board of governors meeting Wednesday night in Van Nuys.

Wednesday, May 16

Valley Economic Forecast: Sunny With Higher Growth

Forecasters have upgraded their predictions for the San Fernando Valley during 2018, Matthew Fienup, executive director of the Center for Economic Research and Forecasting at California Lutheran University, announced Wednesday at a breakfast organized by the Business Journal.

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CyberCoders List Top In-Demand Tech Jobs

CyberCoders, a subsidiary of Calabasas information and technology recruiter ASGN Inc. (formerly On Assignment Inc.), has released a report on the top 10 most in-demand tech jobs this year.

Canoga Park Apartment Complex Sells for $17.6 Million

The Park Place apartment complex at 8700 De Soto Ave. in Canoga Park has sold for nearly $17.6 million, according to the Encino office of brokerage Marcus & Millichap Inc.

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Tarzana Multifamily Trades for $11.3 Million

A 52-unit apartment complex at 6251-6267 Reseda Blvd. in Tarzana has traded hands for nearly $11.3 million, or $216,346 per unit.

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Tuesday, May 15

Pfizer Gets FDA Approval for Amgen Biosimilar

The Food and Drug Administration has approved Pfizer’s application for Retacrit, a biosimilar of Amgen Inc. and Johnson & Johnson’s anemia drug Epogen.

Reseda Retail Property Sells for $3.8 Million

In Reseda, a 10,873-square foot retail property has sold for $3.8 million, according to James Brian Markel, regional manager of the Encino office of brokerage Marcus & Millichap Inc.

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Revolution Lighting Expands Simi Valley Footprint

Revolution Lighting Technologies Inc. will expand its Simi Valley production facility to meet the demand for its LED lighting products.

Earnings: Tix, ImmunoCellular

Losses grow at Tix Corp. while ImmunoCellular Therapeutics Ltd. narrows its losses.

Monday, May 14

Adventist Health Glendale Appoints New President

Adventist Health has appointed Alice Issai as president of Adventist Health Glendale, the hospital system announced Monday.

French Transport Conglomerate Buys Camarillo Bus Company

French firm RATP Dev USA has purchased Camarillo’s Roadrunner Shuttle for an undisclosed amount, according to local reports.

Harbor Freight Issues Chainsaw Safety Recall

Harbor Freight Tools has issued a safety recall for three of its chainsaws in cooperation with the U.S. Consumer Product Safety Commission, the Calabasas-based company announced Monday.

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Earnings: NetSol, Sienna Biopharmaceuticals

NetSol reports profitable quarter while Sienna Biopharmaceuticals has a loss.

Startup Sees VR Beyond Visuals

ENTERTAINMENT: Vibrations, scents add to immersive effect.

Positron brings virtual reality to theater seats.

MannKind Moves Past Risk Disclosure Issue

BIOTECH: FDA decision could free resources for improving Afrezza sales.

MannKind stock swings on earnings, FDA news.

Two HQs in KCET Merger

MANAGEMENT: In a return to PBS, Burbank station hopes for ‘cost-effective operations.’

Benefits of KCET’s merger with PBS SoCal.

The Number

37% L.A. entrepreneurs who expect national economic improvement in 2018

Bread Gives Rise to Cafe Expansion

Open-hearth sandwich shop opens fifteenth location in Pasadena.

Café Urbane opens shop in Pasadena.

Court Redefines Indy Contractor

LAW: Decision could impact outside sales forces in state.

Dynamex decision discerns between independent contractors and employees.

Industrial Music in Van Nuys

Where Foo Fighter Rami Jaffee records and jams.

Foo Fighter rocks out in Van Nuys studio.

Film Tax Credits Help Valley

Letter: National Small Business Week recently celebrated the impact and contributions of small businesses in our local communities.

Don’t Disparage Community Colleges

Sometimes it takes a wakeup call to get us to appreciate the special things in our midst.

California Exodus: The New Reality

Recently, I got a note from a local business executive telling me he was retiring and moving out of California.

Around The Valleys

News and notes from the greater San Fernando Valley

Spicing Up Dessert

Wanderlust Creamery takes a global approach to selecting flavors for ice cream.

Wanderlust Creamery offers frozen treats.

A Market Ripe for Vineyards

$150 million Porter Ranch project will feature 266 apartments, movie theaters, hotel and retail on 45 acres.

$150 million Porter Ranch project secures three more tenants.

Top-Tier Malls Elevate Retail Lease Rates

rend: In L.A. County, average rents have risen 4.5 percent in last year.

Retail lease rates rise because of top-tier malls.

Outpatient Networks a New Reality for Hospitals

LIST: Cost factors drive collaboration with clinics and doctor groups.

Local hospitals harness power of physician networks.

Eyenuk Foresees Market Expansion With Funds

SOFTWARE: $3 million will commercialize company’s EyeArt screening product.

Eyenuk gets financing for EyeArt expansion.

Factory Workers Learn Basics of 401(k) Finance

LABOR: More companies decide to set up retirement plans for employees.

Factory workers learn basics of retirement.

MGA Beats Doll Counterfeiters in Courtroom

LAW: Van Nuys toy maker wins $1.2 million decision against 81 manufacturers.

MGA takes counterfeiters to trial.

Customer Conscious

Patrick Nygren runs the operations of Wells Fargo Bank in the San Fernando Valley region.

Talk with Wells Fargo’s Patrick Nygren.

Network for E-sports

With video game competitions on the upswing, a Studio City startup has launched 13 channels for the fan base.

Network will cover emerging e-sports industry.

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Friday, May 11

Construction Begins on Warner Center Multifamily

Los Angeles-based developer CityView has broken ground on a multifamily development in Warner Center.

Applebee’s Franchise Owner Files for Bankruptcy

RMH Franchise, a major owner of Applebee’s Grill and Bar franchises, has filed for Chapter 11 bankruptcy protection, according to a report by the Associated Press.

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Cheesecake Factory Shakes Up Leadership Team

Cheesecake Factory Inc. has appointed two new executives to its leadership team, the Calabasas company announced Friday.

Preview: Outpatient Networks a New Reality for Hospitals

Cost factors drive collaboration with clinics and doctor groups.

Preview: Court Redefines Indy Contractor

Decision could affect outside sales forces.

Thursday, May 10

Blumenfield Motions for Inclusionary Housing in Warner Center

Last week, L.A. City Councilmember Bob Blumenfield formally called for inclusionary housing in Warner Center, according to Urbanize.LA.

Universal Studios to Revamp Jurassic Ride

Universal Studios Hollywood will close its “Jurassic Park” ride this fall to make way for an updated dinosaur-themed attraction set to open in 2019.

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Marcus & Millichap Acquires Midwest Commercial Brokerage

Calabasas-based brokerage Marcus & Millichap Inc. has entered into a definitive agreement to acquire the assets of Pinnacle Financial Group Inc., a Cleveland-based commercial real estate mortgage brokerage and servicing firm.

mPulse Raises $11 Million in Series B Funding

mPulse Mobile has closed an $11 million Series B funding round, bringing its total amount of raised capital to more than $25 million.

Earnings: Interlink Electronics, Second Sight

Interlink Electronics Inc. reports lower revenue and earnings, while Second Sight has a widening loss.

Wednesday, May 9

Charter-Only Boeing Jet at VNY

Aircraft charter operator Silver Air now has a Boeing Business Jet available for charter service out of Van Nuys Airport, which is a first of sorts.

VICA: Solar Mandate Will Burn

The Valley Industry & Commerce Association has come out against a mandate from the California Energy Commission requiring solar panels on all new residential buildings starting in 2020.

Local Builder to Construct Parking Garage

Klorman Construction has been selected to construct a parking garage for the 48-unit Mercy Housing Pico-Robertson Affordable Senior Housing Complex in Los Angeles.

Earnings: Tutor Perini, MannKind and More

Among local companies reporting earnings Wednesday were Tutor Perini, LTC Properties and MannKind Corp., all of which missed their earnings expectations. Meanwhile, Qualstar, which reported late Tuesday, had a big jump in earnings.

Dine Brands Appoints CFO

Dine Brands Global Inc. has appointed Thomas Song as chief financial officer.

Dine Brands Appoints New CFO

Dine Brands Global Inc. has appointed Thomas Song as chief financial officer.

Tuesday, May 8

Outsource Agency Selects Chairman

Outsourced sales and marketing agency Certified Management Group LLC has appointed former Coca-Cola Co. executive Hal Kravitz as chairman of its board of directors, the Glendale company announced Monday.

B Riley Shares Climb 7 Percent on Quarterly Results

B. Riley Financial Inc. reported adjusted first quarter earnings of $8.8 million, or 32 cents a share, the Woodland Hills financial services firm announced Monday.

Valencia Industrial Building Trades for $20.7 Million

A Valencia industrial building offering a combined 173,056 square feet of distribution and manufacturing space has sold for $20.7 million, according to listing agency NAI Capital Inc.

Younes Nazarian to Receive Honorary CSUN Degree

California State University – Northridge will confer an honorary doctorate on Los Angeles entrepreneur and philanthropist Younes Nazarian during this year’s commencement ceremony, the university announced Monday.

Disney Revenue Rises on Strong Box Office

Walt Disney Co. beat Wall Street estimates in earnings and revenue for the fiscal second quarter, helped by the strong box office performance of “Black Panther.”

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Monday, May 7

Tutor Perini Bids Low on Projects Totaling $1 Billion

Tutor Perini Corp. has made low bids for three new civil projects that will total approximately $1 billion.

Nestle Pays $7.2 Billion to Sell Starbucks Coffee

Nestlé S.A. has agreed to pay $7.15 billion to sell coffee with the Starbucks brand, according to Bloomberg.

Tejon Ranch Swings to Profit

Tejon Ranch Co. had net income for the first quarter in contrast to a loss during the same period a year ago, the company announced Monday.

Second Sight Announces $10 Million Private Placement

Second Sight Medical Products Inc. in Sylmar announced Monday that it had entered into a $10 million stock purchase agreement with entities owned by the company’s Chairman Gregg Williams

Friday, May 4

LAUSD's New Superintendent to Speak at Woodbury Graduation

Austin Beutner, the newly appointed superintendent of the Los Angeles Unified School District, will deliver the keynote address at Woodbury University’s graduation ceremonies on May 12.

New Metrolink Station Prompts Burbank Bus Route

Burbank’s city-operated bus line will start a new route on May 14 that will serve a new Metrolink station near the Hollywood Burbank Airport.

CRC Shares Jump 22 Percent on Quarterly Results

Shares of California Resources Corp. gained more than 22 percent Friday, buoyed by the company’s quarterly financial results announced on Thursday.

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Capstone Signs Exclusive California Distributor

Capstone Turbine Corp. has selected Cal Microturbine as the company’s exclusive distributor for all vertical markets in California, Capstone announced Friday.

Thursday, May 3

Semtech Acquires Colorado Company

Semtech Corp. has acquired substantially all the assets of IC Interconnect Inc., a private provider of services to the silicon chip manufacturing industry from its facilities in Colorado Springs, Colo.

L.A. City Council to Regulate Short-Term Rentals

The Los Angeles City Council has unanimously approved the first set of proposed rules to govern Airbnb Inc. and other companies in the short-term rental industry.

Earnings: Teledyne, BlackLine, Wesco

Teledyne, BlackLine and Wesco all beat Wall Street expectations in the first quarter.

Wednesday, May 2

Dine Brands Earnings Beat Estimates

Dine Brands Global Inc. reported better-than-expected first quarter adjusted earnings of $1.11 a share, the Glendale-based company announced Wednesday.

$150 Million Icon Project in Panorama City Advances to L.A. City Council

After three revisions, Icon Co.’s $150 million mixed-use project in Panorama City has been approved by the Los Angeles City Planning Commission.

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Former K-Swiss Headquarters Sells for $11 Million

The former corporate headquarters for athletic footwear-maker K-Swiss in Westlake Village has sold for $11 million, according to Lee & Associates-LA North/Ventura.

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BYD Delivers First Electric Truck to Goodwill

BYD Motors Inc. unveiled the first of 11 delivery trucks it is building for San Francisco Goodwill, a nonprofit chain of thrift stores.

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Tuesday, May 1

LTC Properties’ Assisted Living Portfolio Fetches $67.5 Million

LTC Properties Inc. has sold a portfolio of six assisted living and memory care communities in Ohio and Pennsylvania. The transaction was valued at $67.5 million, according to LTC in Westlake Village.

State Supreme Court Redefines Independent Contractor Status

The California Supreme Court set more stringent standards for determining whether workers can be classified as independent contractors, handing a victory to worker advocates and dealing a setback to gig economy companies and platforms.

Salem Selects Radio Vet for Special Projects

Salem Media Group Inc. has hired former Radio One general manager Gary Spurgeon as senior vice president of special projects for the broadcast division, the company announced Tuesday.

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FloQast Hires Engineering VP

FloQast Inc. has named Amit Nayar as its new vice president of engineering.

Van Nuys Firm Sells $162 Million Multifamily Portfolio

Van Nuys-based Sikand Properties has sold an eight-property portfolio of apartment buildings with 644 total units for nearly $162 million.

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