SFV BUSINESS JOURNAL DAILY NEWS

Nestle to Leave Glendale by July

In an updated filing with state regulators, Nestle USA said it will close its headquarters in Glendale on July 6, 2018.

Zetta Jet Finds Financier in Bankruptcy

Zetta Jet Pte. Ltd. has received $8.5 million from a company it owes money to, allowing the private aviation company to continue operations while working through bankruptcy.

California Resources Secures $1.3 Billion Loan

California Resources Corp. has closed a $1.3 billion loan facility, the company announced Friday.

Moorpark Industrial Building Sold

The Moorpark manufacturing and warehousing complex formerly occupied by Kavlico, the specialty sensor manufacturer now in Thousand Oaks, has been sold, according to brokerage Newmark Knight Frank.

Business Events Calendar

Business Events throughout the Valleys.

Lancaster City Council Supports Water Rate Reform

The Lancaster City Council has put its stamp of approval on the efforts of a grassroots campaign that seeks to reform the way rates are set by private water companies.

Economist Says Valley Growing Faster Than L.A. County

The San Fernando Valley is the bright spot in the Los Angeles County economy, an economist told attendees Thursday morning at the first San Fernando Valley Economic Forecast sponsored by the Business Journal and California Lutheran University.

Hospital-to-Home Clinic Opens in Sherman Oaks

Epic Medical Group has opened a clinic at Sherman Oaks Hospital to help close the gap between hospital stay and home for patients recovering from complex and chronic conditions, the company announced Thursday.

Semtech Helps Launch Internet of Things Academy

Semtech Corp. has joined with other technology companies and organizations to create a college curriculum based on its long-range radio frequency technology.

BlackLine, KPMG Form Partnership

BlackLine Inc. has formed an alliance with accounting powerhouse KPMG to sell their technology products to help improve accounting efficiencies.

Vegas Shooting, MGM Policies Impact Tix Corp.

Tix Corp. said the Las Vegas shooting and new ticket policies at the MGM hotel chain have impacted its revenue.

Realtors Association Posts Ads Opposing Tax Reform Bill

The California Association of Realtors has taken out full-page advertisements in major national news telling President Donald Trump and California’s congressional delegation that Trump’s proposed Tax Reform Plan would punish California residents should it become law.

Bristol Farms Opens in Woodland Hills

Bristol Farms has opened its first San Fernando Valley store at the El Camino Shopping Center in Woodland Hills, according to CBRE Group Inc. in Los Angeles.

Amgen to Lay Off 121

Amgen Inc. will lay off up to 121 workers at its California sites beginning Dec. 31, according to a notice filed in early November with the California Employment Development Department.

Tease photo

Private Equity Fund Buys Mendocino Farms

Private equity giant TPG Capital has acquired a majority stake in Studio City fast casual chain Mendocino Farms, TPG announced today.

Cusumano Sells Burbank Apartments for $59 Million

Cusumano Real Estate Group has sold a two-building apartment complex in Burbank for $59 million, according LA Commercial Agency/KW Commercial in Encino, which handled the deal.

Union Holds Protest in Warner Center

Workers and supporters of the local operating engineers union made themselves heard Monday morning during a protest at the Warner Center in Woodland Hills.

Cherokee Amends Credit Deal With Cerebus

Cherokee Global Brands has amended its agreement with lender Cerebus Capital Management to eliminate the need to raise $5.5 million in a special stock offering.

Newhall Ranch to Preserve 1,500 Acres for Wildflower

Newhall Land and Farming Co., developers of the proposed Newhall Ranch project in the Santa Clarita Valley, has agreed to preserve an additional 1,500 acres for a flower that grows there and only one other place.

Earnings: Tejon Ranch, Qualstar, Trio-Tech

Shares of Tejon Ranch, Qualstar and Trio-Tech rise after the companies report third quarter results.

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