Stories for November 2018

Friday, November 30

Valley Business Alliance Sues to End PAGA

The California Business and Industrial Alliance has filed a lawsuit challenging the constitutionality of the California Private Attorneys General Act, or PAGA.

Plaza Opens at NoHo's Lankershim Depot

Los Angeles County Metropolitan Transportation Authority held a ribbon-cutting Thursday for a new landscaped plaza preceding the historic Lankershim Train Depot in North Hollywood.

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Glendale Entertainment Rental Firm to Lay Off 79 Employees

Seventy-nine employees with an entertainment industry rental company in Glendale will lose their jobs as its new owners restructure the business.

Thursday, November 29

Remodel Results in Asbestos Charges Against Tarzana Commercial Landlord

The Los Angeles City Attorney’s office has filed criminal charges against the owner of a Tarzana commercial property and a tenant for violating asbestos removal regulations.

Glendale to Impose Temporary Rent Freeze

The Glendale City Council on Monday approved a two-month rent freeze and directed city staff to prepare a “right to lease” ordinance that would impose new restrictions on landlords.

Caruso Celebrates 20th Anniversary of Commons at Calabasas

Civic and business leaders of Calabasas turned out Wednesday to celebrate the Commons at Calabasas’ 20th anniversary with developer Rick Caruso and his Caruso firm employees.

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Wednesday, November 28

L.A. City Council Approves Street Vending Regulations

Los Angeles City Council voted unanimously Wednesday to approve regulations for sidewalk vending.

Semtech Shares Gain on Improved Earnings

Semtech Corp. beat Wall Street expectations of adjusted earnings while matching on revenue in the fiscal third quarter.

$20 Million Makeover for Westfield Valencia Mall

Westfield Valencia Town Center will undergo $20 million in renovations by late 2019.

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Tuesday, November 27

Coworking Company Industrious Expands into Glendale

Coworking company Industrious is leasing 24,000 square feet at Granite Properties' building at 500 N. Brand Blvd., according to The Real Deal.

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Starczyk Named Chair of Santa Clarita Chamber

Realtor Nancy Lulejian Starczyk has been named Santa Clarita Valley Chamber of Commerce chair in 2019, when current board Chair Troy Hooper will step down.

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Salem Media Launches In-House Advertising Agency

Salem Media Group Inc. has launched an in-house advertising agency to sell ads on its 116 radio stations and websites, the Camarillo-based Christian and conservative media company announced Monday.

Monday, November 26

Sherman Oaks Office Building Sells for $1,342 a Square Foot

A little office building amid the high-rises of Sherman Oaks has sold for $2.7 million, or $1,342 per square foot.

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West Hills Hospital's New CEO

Hospital Corp. of America has named Mark Miller the new chief executive of West Hills Hospital & Medical Center, the company announced Monday.

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Bel Air Internet Expands in South Bay, Orange County

Boutique internet provider Bel Air Internet has expanded its network farther in Orange County and the South Bay.

Natalie Cowan: 20 in Their 20s (Young & Prosperous)

Profiles of 20 Entrepreneurs and Professionals in their 20S.

Cowan specializes in appraisal and retail liquidations at Great American Group, a subsidiary of B. Riley Financial Inc. The company has worked on closures for chains including Toys R Us Inc. and Bon-Ton Holdings Inc.

Dakota Semler & Gio Sordoni: 20 in Their 20s (Young & Prosperous)

Profiles of 20 Entrepreneurs and Professionals in their 20S.

Thor Trucks calls itself a “transportation lab” making heavy-duty electric vehicles for fleet sales. Sordoni said inspiration for the company came from growing up with low-quality air in the San Fernando Valley.

Pedram Tehranizadeh: 20 in Their 20s (Young & Prosperous)

Profiles of 20 Entrepreneurs and Professionals in their 20S.

HeadQuarters Clothing has gained traction in the fashion market from recommendations from sports and entertainment celebrities, including former MBA star Grant Hills, wrestler Kurt Angle and actor Affion Crockett. Positive statements printed on the clothes “inspire others to reach for greatness,” said Tehranizadeh, a graduate of California State University – Northridge.

Emma Frawley: 20 in Their 20s (Young & Prosperous)

Profiles of 20 Entrepreneurs and Professionals in their 20S.

Emma Frawley leads public relations and branding campaigns for Mustang clients. She has been nominated to the board of directors of the Public Relations Society of America Gold Coast Chapter and the Conejo/Las Virgenes Future Foundation. She graduated from California State University - Long Beach in 2011 with a degree in communications.

Erin Nakano: 20 in Their 20s (Young & Prosperous)

Profiles of 20 Entrepreneurs and Professionals in their 20S.

She worked as a marketing assistant for a music industry company and in public relations before transitioning into the real estate industry. At residential brokerage Century 21 Peak, she has overseen the sale of $3 million-plus homes in the San Fernando Valley market.

Robert Roizen: 20 in Their 20s (Young & Prosperous)

Profiles of 20 Entrepreneurs and Professionals in their 20S.

Feedonomics helps retailers’ products appear higher in online searches at marketplaces such as Google Shopping and Amazon.com Inc. Rozien, who has an electrical engineering degree from UCLA, co-founded the company with his brother in 2013.

Candace Schroeder: 20 in Their 20s (Young & Prosperous)

Profiles of 20 Entrepreneurs and Professionals in their 20S.

Candace Schroeder was attracted to a career in aviation because “there is nothing cooler than airplane.” She took her passion to become business development and marketing manager for Castle & Cooke Aviation, a fixed-base operator at Van Nuys Airport.

Samantha Strong: 20 in Their 20s (Young & Prosperous)

Profiles of 20 Entrepreneurs and Professionals in their 20S.

Strong oversees and develops menu strategy at IHOP. Previously, she was a marketing manager at Rita’s Italian Ice in Pennsylvania. IHOP is a subsidiary of Dine Brands Global Inc.

Shawnt Bazikian & Sebouh Bazikian: 20 in Their 20s (Young & Prosperous)

Profiles of 20 Entrepreneurs and Professionals in their 20S.

Sebouh Bazikian and his younger brother Shawnt operate a nonprofit, One Bicycle Foundation, which raises funds to purchase bicycles for orphans in foreign countries. The older Bazikian started the organization while still in high school.

Heather Duncan: 20 in Their 20s (Young & Prosperous)

Profiles of 20 Entrepreneurs and Professionals in their 20S.

Three Leaves produces videos and commercials for companies and organizations. Services range from planning a marketing campaign through production, editing and final distribution.

Connor Theilmann: 20 in Their 20s (Young & Prosperous)

Profiles of 20 Entrepreneurs and Professionals in their 20S.

ServiceTitan offers a cloud-based software platform that helps residential contractors manage a range of tasks including booking jobs, dispatching technicians and processing payments. The company has raised more than $326 million in venture capital. Theilmann oversees investor relations and expansion into new markets.

Caitlin Hoffman: 20 in Their 20s (Young & Prosperous)

Profiles of 20 Entrepreneurs and Professionals in their 20S.

An associate in CBRE’s Brokerage Services department, she represents landlords and tenants in the Northern Los Angeles region. She has earned one of four spots in the brokerage’s Wheel Program, a one-year rotation where she cultivated expertise in several disciplines.

Joelyn Caprine: 20 in Their 20s (Young & Prosperous)

Profiles of 20 Entrepreneurs and Professionals in their 20S.

After earning a college degree in hospitality management, she became front office manager for a hotel in Santa Clarita and soon moved to the sales side of the business. At Hyatt, she arranges meeting space, amenities and rooms for corporate and association events at the hotel.

Paul Sims: 20 in Their 20s (Young & Prosperous)

Profiles of 20 Entrepreneurs and Professionals in their 20S.

As a member of Cushman & Wakefield’s Minervini Team, which specializes in industrial leases, he assists in expanding business in the San Fernando Valley. Amazon.com Inc. in Thousand Oaks, Quantum Creation FX in Burbank and Safelite in Sun Valley are among the lease transactions he has helped broker.

Lexie Smith: 20 in Their 20s (Young & Prosperous)

Profiles of 20 Entrepreneurs and Professionals in their 20S.

As vice president of business development at GeoLinks, an internet service provider primarily for rural areas, Lexie Smith handles public relations and marketing for the company, among other duties. Her first post-college job was with a PR firm she saw on the TV show “Shark Tank.”

Hunter Warner: 20 in Their 20s (Young & Prosperous)

Profiles of 20 Entrepreneurs and Professionals in their 20S.

Deals he has brokered include Stratton And Sons’ Moving & Storage’s $6.6 million acquisition of land in Chatsworth for a new facility, a $4.6 million Burbank warehouse sale from Hechter Aircraft to awards show rehearsals entity CenterStaging and the $4.4 million sale of an industrial building in Sun Valley. He is often joined in transactions by his father, Lee & Associates Principal Brett Warner.

Jonathan Saeidian: 20 in Their 20s (Young & Prosperous)

Profiles of 20 Entrepreneurs and Professionals in their 20S.

Digital marketing company Brenton Way provides search engine optimization, lead generation, digital advertising and content creation to clients from startups to large corporations. Saeidian started the company to challenge the status quo in the industry.

$7.7 Million Buys Westlake Village Complex

TRANSACTION: Marcus & Millichap brokers sale of longtime YMCA site.

Westlake Centrium, an office property in the heart of Westlake Village, has sold for $7.69 million, according to sources at brokerage Marcus & Millichap in Calabasas.

MaKayla Gorski: 20 in Their 20s (Young & Prosperous)

Profiles of 20 Entrepreneurs and Professionals in their 20S.

Meridian is an air charter and private aircraft management firm based at Van Nuys Airport. In her position, Gorski is responsible for developing the company’s retail charter business on the West Coast.

Restoring Conscience in Business

Humanity has made great strides in many areas over the past centuries, yet one major challenge we still must face is our notion of business performance and business education.

Amazon’s Bad Impact? Overblown

Valley lost out with Amazon decision.

Around The Valleys

News and notes from the greater San Fernando Valley

Woolsey Fire: Sifting Ashes

RETAIL: Shop owners vow to weather downturn, rebuild.

Retail: FEMA, Insurers to Assist in Fire Recovery

Capstone Exec Faces Lawsuit

MANUFACTURING: Dispute over distribution deal gone sour.

Manufacturing: Second Suit Looks at Stock Deals

Northridge Tech Hub

The Mix at Harman Campus hopes to attract creative tenants to the mid-Valley.

Debut of the Mix at Harman Campus.

Good Year in Forecast for Season Sales

Holidays could give retailers 4.8 percent boost, per report.

Retailers should do well this holiday season.

The Number

Where in Valley are the most Airbnb rentals?

How many of your neighbors are renting rooms through Airbnb Inc.? A study earlier this year by the Los Angeles County Economic Development Corp. looked at Airbnb’s impact using data provided by the company. LAEDC reported that the short-term rental app generated nearly $906 million in economic activity in the city of Los Angeles in 2016.

Scanner Startup

TECHNOLOGY: Acqubit moves into commercialization after graduating early from incubator program.

Santa Clarita startup develops a 3D scanner.

Wesco Wobbles After Underwhelming Quarter

AEROSPACE: Parts supplier slows during management transition plan.

Wesco Aircraft share price drops.

Pay Dirt in Oxnard

Camarillo brokerage negotiates sale of nearly 110 acres of prime farm land to agricultural investment fund.

Investment fund buys fields in Oxnard.

Staffing Agencies Adapt to High Economic Tides

LIST: Companies know top talent won’t stay long, say placement professionals.

Staff firms face shortage of skilled workers.

Developer Feels Good About Flying on Cloud 9

CONSTRUCTION: Camarillo project features hangars, amenities for owners.

Boeing Business Jet

Valley Givers Gather for Yearly Philanthropy Day

ORGANIZATIONS: Lunch honors donors and volunteers in region.

The Greater San Fernando Valley Chapter of the Association of Fundraising Professionals recognized individual donors, volunteers and organizations at its National Philanthropy Day luncheon on Nov.15. at Valley Presbyterian Hospital.

Friday, November 23

Black Friday Thriving Locally Despite Recent Events

On the Friday after Thanksgiving, a.k.a. Black Friday, customer traffic appeared robust at retail malls around the San Fernando, Conejo and Santa Clarita valleys, as holiday shopping kicked into high gear.

Preview: 20 in Their 20s

Meet the Valley region's entrepreneurs and professionals under 30.

Preview: Woolsey Fire: Sifting Ashes

Shop owners vow to weather downturn, rebuild.

Tutor Perini Announces Big Rail Contract

Construction company Tutor Perini Corp. on Wednesday announced that its wholly owned subsidiary, Lunda Construction, will enter a joint venture with C.S. McCrossan on a contract valued at $799.5 million.

Conejo Valley Chamber Names Board Leaders

The Greater Conejo Valley Chamber of Commerce has announced its 2019 board leaders.

Wednesday, November 21

Shaq Signs Advertising Deal With Calabasas Sleep Company

Zyppah Inc., a Calabasas company that makes mouthpieces and other devices for people who snore or suffer from sleep apnea, announced Monday that former NBA player Shaquille O’Neal will become a brand ambassador.

Gallagher Brings Acquisition to Glendale

Insurance brokerage Arthur J. Gallagher and Co. has acquired JP Tech Insurance Services Inc. and will move the staff to the San Fernando Valley.

California Resources Stock Climbs Nearly 20 Percent

California Resources Corp. saw its stock jump nearly 20 percent Wednesday.

Jeff Bezos Gives $5 Million to L.A. Family Housing

Amazon Inc. Chief Executive Jeff Bezos’ philanthropic fund has donated $5 million to North Hollywood nonprofit L.A. Family Housing.

Tuesday, November 20

Norms to Open Second Valley Location in 2019

Norms Restaurants, the regional chain of Southern California diners that never, is expanding under its latest ownership, with a new location due in Encino in 2019.

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Skunk Works in Palmdale Starts Work on Quiet Supersonic Jet

Lockheed Martin Corp.’s Skunk Works facility has started producing the first parts for the X-59 quiet supersonic technology aircraft.

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ServiceTitan Recruits Former Netflix Executive as CFO

ServiceTitan announced Monday it has hired former Netflix Inc. executive David Burt as chief financial officer.

Monday, November 19

B. Riley to Acquire Majority Stake in New York Finance Company

B. Riley Financial Inc. has agreed to a $22.9 million deal that will give it a majority stake in New York financial services firm National Holdings Corp., the Woodland Hills company announced Monday.

'Space Jam 2' Among Films Qualifying for Tax Credit

“Space Jam 2” from Warner Bros. Pictures was one of 15 film projects picked to receive state tax credits, the California Film Commission announced Monday.

New CEO at Northridge Hospital

Dignity Health has named Paul Watkins as president of the nonprofit’s Northridge Hospital Medical Center.

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Friday, November 16

Southwest Airlines Adds Flights to Burbank

Southwest Airlines will add flights at Hollywood Burbank and Ontario International airports, the company announced Thursday.

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Lancaster Names New City Manager

The Lancaster City Council has named Jason Caudle as the new city manager to replace Mark Bozigian when he retires next month.

Beacon Capital Buys Glendale Office Building for $160 Million

Beacon Capital Partners will buy the 22-story office tower that once served as the U.S. headquarters for Nestlé from Piedmont Office Realty Trust for a reported $160 million, or $303 per square foot.

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Mythical Games Secures $16 Million Investment

Mythical Games, a video game producer in Sherman Oaks, has secured $16 million in Series A funding, the company announced Friday.

Thursday, November 15

Chatsworth Vaping Websites Agree to Customer Age Checks

The Los Angeles City Attorney’s office said Thursday that two electronic cigarette companies in the San Fernando Valley have agreed to keep minors from buying products at their websites.

'Positive Aerospace Market' Grows Revenue at Wesco

Wesco Aircraft Holdings Inc. fell short of Wall Street expectations on adjusted earnings but topped on revenue in the fiscal fourth quarter.

ServiceTitan Secures $165 Million in Venture Funding

Glendale-based ServiceTitan Inc. has secured $165 million in funding from a venture capital group to build out its home services software firm through acquisitions and moves into new markets.

California Credit Union Launches Online Finance Platform

California Credit Union has launched a new platform that lets members manage their finances online, the Glendale institution announced Tuesday.

Wednesday, November 14

Disney Signs Game Development Deal With Jam City

Walt Disney Co. has inked a multi-year mobile game development deal with Jam City, the companies announced Wednesday.

Industrial Metal Supply Names President

Industrial Metal Supply Co. has promoted David Pace to be president of the Sun Valley metal distributor.

Marketing Agency Lays Off 82 in Burbank

Merkle Group Inc. is laying off 82 employees from the Burbank location of its digital marketing operations.

Studio City Office Building Sale Sets Per-Square-Foot Record

A renovated Studio City office building has sold for $4.62 million, or $750 per square foot.

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Tuesday, November 13

Local Leaders React to Amazon's HQ2 Decision

Area business leaders expressed disappointment and surprise about Amazon.com Inc. not picking Los Angeles as a site for its second headquarters.

Takeda Poised for $62 Billion Takeover of Shire

Japanese drug maker Takeda Pharmaceutical Co. has moved one step closer to acquiring a Thousand Oaks genetics laboratory owned by U.K.-based biopharmaceutical company Shire.

NetSol Turns Profit on Higher Revenue

NetSol Technologies Inc. turned a profit in its quarterly earnings for the fiscal first quarter compared to a year ago, when it reported a loss.

Edison Reports Circuit Problem Near Woolsey Fire Origin

Shares of Rosemead-based Edison International fell 12 percent Monday after its utility subsidiary Southern California Edison announced that a problem with its transmission grid occurred near the origin point of the massive Woolsey Fire.

Monday, November 12

Marvel Comics' Stan Lee Dies at 95

Stan Lee, who with a stable of comic book artists co-created the Marvel Comics characters currently fueling a cinematic universe which has already grossed nearly $20 billion for parent company Walt Disney Co., died Monday in Los Angeles at Cedars-Sinai Medical Center.

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Amgen Pledges $750,000 to Fire and Mass Shooting Victims

Amgen Inc. has pledged a half-million dollars to help victims of the ongoing wildfires in Ventura and Los Angeles Counties, the Thousand Oaks biotech company announced Monday.

Delta to Begin Nonstop Burbank-Atlanta Flights

Delta Air Lines will begin nonstop service between Hollywood Burbank Airport and Hartsfield-Jackson Atlanta International Airport beginning in July.

Developer Plans Multifamily in Sun Valley

Developer GATA Woodley LLC has filed an application with the Los Angeles Department of City Planning to develop a vacant lot in Sun Valley for a multifamily project.

CEO Conveys Holiday Look In Capital

Volunteer appointment to decorate White House fulfills dream.

Print shop owner to help decorate White House.

Dealing’s Done At Charles Dunn

Real Estate: Firm abruptly closes brokerage operation.

Charles Dunn Co. Inc. closes brokerage operations.

The Number

Of the 4.59 million workers in Los Angeles County, 3.67 million drive to work alone, while another 448,750 carpool.

Whose Money Is It, Anyway?

Like any business-minded voter, I weigh each ballot proposition carefully to decide whether the benefit will outweigh any burden.

Growing Quickly Here in the Valley

Last May I wrote that BlackLine issued a nice quarterly report – it beat expectations on both the top and bottom lines – yet it seemed a bit odd that the stock swooned 5 percent.

Around The Valleys

A top team of former Colliers International brokers has joined NAI Capital.

Uncommon Calabasas Development Turns 20

Retail: Caruso’s shopping center has become city’s de facto town square.

Commons success

Growth Club

Savvy companies find ways to scale up in slow-rising economy

The entrepreneurial dream of running a business with skyrocketing revenue has come true for the managers at the 50 Fastest Growing Private Companies in the San Fernando Valley region.

ZPower’s Tiny Batteries Deliver Big Growth Spurt

A small item has given ZPower Inc. a big boost in growth.

Anchor Loans Navigates House-Flipping Waters

If you’re looking to re-sell a residential property and you need a bridge loan to renovate the house, who are you going to call?

For Gym, Franchising Is Low-Resistance Exercise

When Larry Nolan founded Hardcore Fitness Inc. in 2007, it didn’t seem poised to become one of the Valley area’s most popular independent gyms.

At TicketManager, the Growth Show Goes On

TicketManager was founded in 2007 by a small team of former StubHub employees who saw that companies needed a better way to administer the event tickets they purchased to entertain clients and employees.

50 Fastest Growing Private Companies 2018

Online platform for plumbers, electricians and HVAC contractors received a $62 million venture capital investment in March.

Local Leaders Receive Arabian Awards

Honors: Scholarships also given in name of Supreme Court Justice, who died in March.

Valley leaders receive Armand Arabian Awards.

Sherwood Cares Shares Golf Proceeds in Conejo

Fundraising: Invesco QQQ Championship benefits 10 organizations.

Country club foundation shares golf proceeds.

Sada Systems Expands to Texas, New York

Cloud: Company takes WeWork space to better serve existing clients.

Sada Systems expanding into other states.

Semtech’s Big Internet Bet

Technology: Alibaba deal confirms chip maker’s strategy.

Semtech Corp. expands with Internet of Things chips.

Valley’s Olympic Park

Equestrian, shooting and water sports planned at temporary facilities in the Sepulveda Basin.

Valley economy may benefit from 2028 Olympics.

Smooth Transition as Teledyne CEO Steps Down

Manufacturing: New leader inherits acquisition pipeline from Mehrabian. leaves behind acquisition pipeline for new leader.

CEO change impacts Teledyne share price.

Housing Slowdown?

Residential: Brokers and data point to a cooling market for homes in the Valley region.

Is the home-buying market softening?

Friday, November 9

Wildfires Cause Hotel Evacuations, Freeway Closures

Two wildfires straddling Los Angeles and Ventura counties have caused mass evacuations of homes and businesses in areas from Calabasas to Malibu.

Preview: Olympic Competitions Coming to Valley in 2028

Regional profile, hospitality sector to benefit from Games.

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Preview: Fastest Growing Private Companies Special Report

Savvy companies find ways to scale up in slow-rising economy.

Thursday, November 8

Thousand Oaks Shooting Claims 13 Lives

A gunman shot and killed 12 people before turning the gun on himself at a bar hosting a college night in Thousand Oaks late Wednesday.

Disney Beats Analyst Expectations on Revenue, Earnings

Walt Disney Co. beat Wall Street projections on earnings and revenue in its fiscal fourth quarter.

Report: Ventura County Economy Continues Slump

The Ventura County economy continued to decline last year due to rising housing prices that are pushing families out of the area.

Glendale’s Onyx Complex Sells for $86 Million

An undisclosed institutional buyer has acquired the Onyx, a mixed-use property in Glendale, for $86.2 million.

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Wednesday, November 7

Hi-Speed Rail Slows Tutor Perini

The Tutor Perini Corp. on Wednesday reported third quarter earnings and revenue that not only were lower than last year but fell significantly short of expectations.

Valencia Landscaping Company Expands Into Nevada

Landscape Development Inc. announced that its maintenance division, Enhanced Landscape Management, has completed the asset purchase of Las Vegas-headquartered NewTex Landscape Inc.

New Chief Appointed for Logix

Logix Federal Credit Union announced Monday that Logix Chief Operating Officer Ana Fonseca will succeed Dave Styler as president and chief executive, who is retiring after 18 years at the helm.

Voters Agree with Business Groups on Ballot Issues

Local business associations cheered voters’ decisions Tuesday on a range of ballot measures impacting the Valley area’s public infrastructure and housing shortage.

Tuesday, November 6

CEO Posts Point to MGA Expansion in Australia

MGA Entertainment Inc. appears to be expanding into Australia, according to multiple LinkedIn posts by Chief Executive Isaac Larian.

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Mixed Results for Capstone's Quarter

Capstone Turbine missed Wall Street estimates on earnings but beat them on revenue in its fiscal second quarter.

GeoLinks CEO Joins FCC Broadband Committee

GeoLinks Chief Executive Skyler Ditchfield has been appointed to a working group of the Federal Communications Commission’s Broadband Deployment Advisory Committee.

Tejon Ranch to Build 580,000 SF Warehouse

Tejon Ranch Co. and Majestic Realty Co. have formed a new joint venture to construct a 580,000-square-foot industrial facility.

Monday, November 5

Study: Los Angeles Ranks No. 2 in Tech Office Growth

Los Angeles’ technology sector is growing — and so is the rent for tech office space, according to a recent study from brokerage firm CBRE Group Inc.

Blumenfield Concerned Over Lack of Affordable Housing in Warner Center

Since the Warner Center 2035 Specific Plan launched in late 2013, there has been a burst of multifamily development, but now a principal author of the plan wants to fix its approach to affordable housing.

B. Riley Declares Special Dividend on Third Quarter Results

B. Riley Financial Inc. reported third-quarter net income of $2.8 million (10 cents a share), the Woodland Hills financial services announced Monday.

Friday, November 2

Mission Valley Bank Reports Flat Quarter

Mission Valley Bancorp reported earnings of just $18,000 for the third quarter, impacted by a $1 million loan write down, the company announced Friday.

PS Business Parks Sells Orange County Office Complex

PS Business Parks Inc. has completed the sale of an Orange County office park to an undisclosed buyer.

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Study: Film Tax Credit Yields $6 Billion in Spending

California’s expanded film and television production tax credit program has brought in nearly $6 billion in direct spending to the state in its first three years, a new study on the program by the California Film Commission found.

Kobe Bryant, Goldman Sachs Invest in Sherman Oaks Startup

Sales engagement analytics provider RingDNA has received $30 million in a funding round led by Goldman Sachs Growth Equity.

Thursday, November 1

Flavor Producers Makes Acquisition

Flavor Producers LLC has acquired New York-based Flavormatic Industries Inc., the Valencia flavor company announced Thursday.

MannKind, BlackLine Report Quarterly Results

MannKind Corp. beat Wall Street estimates on earnings but missed on revenue, while BlackLine beat expectation on revenue in the third quarter.

Construction Starts on Toluca Lake Apartment Complex

Construction has begun on Frost-Chaddock Developers’ multifamily complex in Toluca Lake, where a promised five-story building with 96 units are in progress, per an Urbanize.LA report.

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ASGN Wins $87 Million Army Contract

ASGN Inc. subsidiary ECS has won an $87 million contract from the U.S. Army to help manage payments and provide human recourses support.