San Fernando Valley Business Journal

Marriott Warner Center Sold

The Marriott Warner Center, one of the Valley’s largest hotels, has been acquired by Laurus Corp., a Century City real estate investment and development company, the company announced on Monday.

Brazil Awards Ceres $39 Million

Energy crop developer Ceres Inc. will receive nearly $39 million in financing from the Brazilian government to expand its product development program, the company announced Monday.

Briefs: DreamWorks, MRV, Ryland

DreamWorks reconfigures its executive team, MRV Communications brings on a new board member, and Ryland opens a new housing development.

Business Events Calendar

Business Events throughout the Valleys.

Valley Home Prices Hit Eight-Year High

Home prices in the San Fernando Valley hit an eight-year high in June, though the price gains appear to be leveling off as market activity slows, according to a report by the Southland Regional Association of Realtors.

Chatsworth Industrial Park Sells for $16.8 Million

A fully leased Chatsworth industrial property was acquired for $16.8 million by Rexford Industrial Realty Inc., the Los Angeles real estate investment trust announced on Friday.

Briefs: Avery, Amgen, Ryland, Teledyne

Avery Dennison misses expectations, Amgen and Ryland declare dividends, and Teledyne appoints new board member.

Metro Board Approves Light Rail Study

The board of the Los Angeles County Metropolitan Transportation Authority unanimously approved Thursday doing a feasibility study on converting the Orange Line busway into a light rail line.

FDA Agrees to Review Rival Neupogen Drug

The Food and Drug Administration accepted an application on Thursday by a rival drug maker to approve a copy-cat version of Neupogen, one of the biggest money-makers for Amgen Inc.

Layoffs at St. Jude Medical

St. Jude Medical Inc. will lay off up to 270 employees at its Sylmar heart-device manufacturing facility following a corporate restructuring.

Simulations Plus Acquires Competitor

Simulations Plus Inc. announced on Thursday a $7 million acquisition of a New York company that helps drug makers seek approval for their products.

DreamWorks Heads to the Mall

DreamWorks Animation SKG Inc. has created holiday attraction that will debut later this year at seven malls around the country, the company announced Thursday.

Briefs: Teledyne, Mission Valley

Teledyne reports mixed earnings. Mission Valley joins OTCQX.

Metro Board to Decide Light Rail Plan

The board of the Los Angeles County Metropolitan Transportation Authority will take up on Thursday the question of whether to conduct a feasibility study on converting the Orange Line busway into a light rail line.

Alarcon Convicted of Voter Fraud

Former Los Angeles City Councilman Richard Alarcon and his wife were convicted Wednesday of voter fraud and perjury in a case involving allegations they lied about their residence in order for him to qualify for office.

Calabasas Biotech Signs License Agreement

ArmaGen, a private biotech firm, has signed a licensing agreement to fund development of AGT-182, an investigational enzyme to treat degenerative nerve disorder Hunter syndrome.

Film Tax Program Should Expand, Study Finds

Demand for film and television tax credits in California exceeds the supply resulting in the state losing out as those productions head elsewhere to film, a study released Wednesday by the California Film Commission concluded.

Briefs: Guitar Center, Cheesecake Factory

Guitar Centers opens in Times Square, Cheesecake Factory reports quarterly earnings.

Provision Deal Will Put 3D Kiosks in Stores

Provision Interactive Technologies Inc. will receive up to $50 million to bring its 3-D holographic kiosks to retail stores, starting with a national pharmacy chain, the company announced Tuesday.

Time Warner Board Tightens Bylaws

The board of directors at Time Warner Inc. made a change Monday to the company’s bylaws to prevent potential hostile takeovers by dissident shareholders.

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