SFV BUSINESS JOURNAL DAILY NEWS

Thousand Oaks Office Campus Sells For $22 Million

A 158,885-square-foot office campus at 225 W. Hillcrest Drive in Thousand Oaks has sold for $21.6 million, according to brokerage Newmark Knight Frank.

Simulations Plus Acquires French Software Firm

Simulations Plus has acquired French medical software company Lixoft, further expanding its drug simulation capabilities and broadening its presence in Europe.

Disney to Furlough Non-Essential Employees

Walt Disney Co. will begin furloughing all non-essential employees at its U.S. operations beginning April 19.

Business Events Calendar

Business Events throughout the Valleys.

Amgen Partnership to Pursue Coronavirus Treatment

Amgen Inc. and Seattle-based Adaptive Biotechnologies on Thursday announced a strategic partnership to discover and develop a treatment for COVID-19.

Economists Forecast 20 Percent GDP Plunge

The economy is darkening rapidly, and on Thursday local experts said they now believe GDP will nosedive more than 20 percent in the second quarter.

Tot Squad Sells Baby Equipment Cleaning Business

Infant services platform Tot Squad in Sherman Oaks has sold its baby equipment cleaning business to BabyQuip, a rental service for baby gear based in the Bay Area.

LTC Properties Divests $78 Million Portfolio

LTC Properties Inc. has sold its Preferred Care portfolio for $78 million, according to a statement from the senior housing real estate investment trust.

Dianne McKay Takes Full Ownership of Mustang Marketing

Dianne McKay has assumed full ownership of Mustang Marketing effective Wednesday, as the company’s founder Scott Harris has retired to South Carolina.

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Marcus & Millichap Acquires Metropolitan Capital Advisors

Marcus & Millichap Inc. has acquired Metropolitan Capital Advisors, a commercial real estate finance intermediary in Dallas.

Amgen Buys Out Joint Venture to Establish Japanese Subsidiary

Amgen Inc. has purchased 49 percent of shares for Amgen Astellas BioPharma, the result of a 2013 joint venture between Japanese company Astellas Pharma and the Thousand Oaks biotech giant. Financial terms of buyout were not disclosed.

L.A. Implements Rent Relief for Residential, Commercial Tenants

In response to the coronavirus crisis, Los Angeles Mayor Eric Garcetti on Monday signed an updated rent relief order covering both commercial and residential tenants.

Shutdown Costs Reagan Library $150,000 a Week in Lost Revenue

The Ronald Reagan Presidential Library and Museum in Simi Valley is trying to shore up donations to compensate for hundreds of thousands of dollars in lost revenue resulting from the COVID-19 outbreak.

Blackstone Spends $83 Million on Van Nuys Acquisition

New York City investment firm Blackstone has acquired two adjoining buildings in Van Nuys for $83 million.

California Resources Corp. Considers Strategic Options

Santa Clarita oil and gas company California Resources Corp. said it will “consider all options” to get through the slump in oil prices.

Second Sight Lays Off 84 Employees Amid ‘Wind Down’ of Operations

Second Sight Medical Products Inc. on Monday announced it will lay off 84 of its 108 employees effective March 31 in response to COVID-19 challenges, the first step toward the end of the Sylmar company.

Top Disney Executives Take Pay Cut

Walt Disney Co. Chief Executive Bob Chapek and Executive Chairman Robert Iger will take pay cuts to help the financially struggling company during the coronavirus outbreak.

L.A. City Council Approves Extra Sick Time for Coronavirus

The Los Angeles City Council late Friday approved a paid sick leave ordinance relating to the coronavirus pandemic.

L.A. City Council Discusses Crisis Employment Rules

The Los Angeles City Council, in an emergency meeting Friday, discussed two lightning rod topics within the business community, “Right to Recall” and “Right of Retention” ordinances.

Preview: Tale of Two Clusters

Biotech follows different paths with Conejo Valley startups pursuing new drugs and Santa Clarita companies focused on medical devices.

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