San Fernando Valley Business Journal

Real Estate Firm Expands Here, Buys First Property

An East Coast investment company closed on a North Hollywood industrial building in its first investment as a principal in Southern California.

Encino Apartment Gets Mortgage

The owners of a new Encino apartment complex refinanced their construction loan into a long-term, fixed-rate loan in a transaction arranged by Jones Lang LaSalle Inc.

Preview: Medical Magnet

Developers see Tarzana as hub for health care.

Preview: Profit Motive Drives Racing Fund

Formula One fans unite passions for money and motorsport.

Business Events Calendar

Business Events throughout the Valleys.

Troop Real Estate Joins Century 21 Franchise

Troop Real Estate Inc. signs have covered Ventura and Los Angeles counties for nearly three decades. Now, they’ll have an additional name on them.

Justice Department Sues Prime Healthcare

The U.S. Department of Justice on Wednesday announced that it has filed a Medicare-fraud lawsuit against Prime Healthcare Services Inc. of Ontario, which owns two Valley hospitals — Encino Hospital Medical Center and Sherman Oaks Hospital.

VICA Pushes for Speed on Transit Improvements

The Valley Industry & Commerce Association announced Thursday that potential improvements to the Orange Line busway would be moved up by five years to begin in 2019.

Medtronic Lands Deal to Develop Product

Medical-device maker Medtronic on Wednesday announced that it has entered into an international, multi-year contract with mobile tech company Qualcomm Inc., a subsidiary of San Diego-based Qualcomm Life Inc., to collaboratively develop future models of its continuous glucose monitoring systems.

Valley-made Microturbines Power Microbrewery

The Sierra Nevada Brewing Co. has installed microturbines made by Capstone Turbine Corp. at its Chico brewery to generate electrical and thermal energy on site.

Pennymac Postpones Private Offering

PennyMac Financial Services of Moorpark has postponed a previously announced private sale of $300 million in senior notes.

Investment Group Pays $19 Million for Burbank Carmax Location

The recent purchase of a Burbank CarMax center was the third and final chapter in a series of recent acquisitions worth nearly $50 million by a group of L.A.-based investors.

Home, Condo Sales Increase in April

In April, condominiums in the Santa Clarita Valley saw hot activity with sharp jumps in prices and sales, according to the Southland Regional Association of Realtors.

IHOP Expands in Panama

DineEquity Inc. has moved forward with a franchise agreement to launch six IHOP locations in Panama in the next five years – the first opened in Panama City on Monday.

New Drone May Help Protect Government Facilities

AeroVironment Inc.’s new unmanned aircraft will be evaluated by a Pentagon office for possible use at government facilities for surveillance and reconnaissance.

Two Thousand Oaks Apartments to Be Spruced Up

Two Thousand Oaks apartment complexes will undergo improvements thanks to a $130 million loan.

Sports Authority’s 7 Valley-Area Stores Closing

Sports Authority’s decision announced earlier this week to shutter all of its more than 460 stores means seven Valley-area locations will close.

County Unemployment Drops to 9-Year Low

L.A. County’s unemployment rate continued its rapid descent in April, falling to its lowest point in nine years.

Farmers Sells Westlake Village Building

As evidence of Conejo Valley’s hot market for investors, L.A.-based insurer Farmers Group Inc. has sold its building in Westlake Village for $18.6 million, according to real estate activity tracking database CoStar Realty Information Inc.

UPS Signs Largest Valley Lease in 2016

Package deliverer UPS is increasing its local presence with the signing of the Valley’s largest lease so far this year, according to L.A.-based CBRE Group Inc.