NewMark Merrill’s Allen Ginsborg Dies at 59

Woodland Hills-based real estate development firm NewMark Merrill Cos. Inc. has announced the passing of NewMark Merrill Mountain States Division Chairman and Co-Founder Allen Ginsborg. He was 59.

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Patxi’s Pizza Franchise to Enter Valley Market

Bay area franchise Patxi’s Pizza is entering the San Fernando Valley with a soon-to-open restaurant in Porter Ranch.

Business Events Calendar

Business Events throughout the Valleys.

NBCUniversal Launches Peacock Streaming Service

NBCUniversal’s Peacock streaming service officially rolls out nationwide Wednesday following a limited-access period that started April 15 for some customers of parent company Comcast Corp.

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Expansion of Valley's Small Business Relief Fund

L.A. City Council member John Lee announced Tuesday an expansion of his Small Business Relief Fund into Watts, San Pedro, South L.A., and the west San Fernando Valley.

United Chambers Refunds Membership Fees

The United Chambers of Commerce, an umbrella organization consisting of 19 local chambers, has returned all 2020 membership fees to its members due to the economic crisis caused by the coronavirus outbreak.

Fisher Phillips Law Firm Opens Woodland Hills Office

National labor and employment law firm Fisher Phillips has opened an office in Woodland Hills with Los Angeles Managing Partner Todd Scherwin serving in the same capacity at the new location.

Nursing Home Operator Pays $16.7 Million to Settle Medicare Fraud Allegations

A Los Angeles skilled nursing home operator will pay $16.7 million to settle allegations with the Department of Justice that it submitted false claims to Medicare for rehabilitation therapy services that were unreasonable or unnecessary.

SK Management Divests Two Lines of Business

Real estate firm SK Management Co. in Encino has divested two of its core lines of business.

Amgen Invests Another $421 Million in Beigene

Amgen on Sunday announced an additional investment of $421 million in Chinese biotech Beigene, adjusting its stock ownership to 20.3 percent.

Van Nuys Apartments Sell for $680,000 a Unit

An eight-unit Van Nuys multifamily complex has sold for $5.6 million, or $681,250 per unit, according to brokerage Marcus & Millichap Inc.

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Tutor Perini Secures Military Construction Contract Worth $34 Million

A subsidiary of Tutor Perini Corp. has been awarded two contracts valued at about $34 million for work at Marine Corps Base Camp Lejeune in North Carolina.

Medtronic Signs Cross-License Agreement on Diabetic Research

Medtronic has signed a patent cross-license agreement with San Diego-based Tandem Diabetes Care to avoid potential legal disagreements.

Blackline Survey Finds Pandemic Accelerating Tech Adoption

A survey conducted by Woodland Hills accounting software company BlackLine Inc. found that the finance and accounting industry has prioritized technology adoption to avoid business interruptions in the coronavirus economy.

Semtech Invests in COVID Contact Tracing Firm

Semtech Corp. has invested in a company that uses its technology to track COVID-19 infections.

Four-Story Multifamily Development Proposed for Reseda

The Los Angeles City Council has approved plans for a residential development that will add 27 units to the housing inventory in Reseda.

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Palmdale Applies for Space Force Headquarters

Palmdale has applied to be the location of the headquarters for the U.S. Space Command.

Location Filming Drops 98 Percent

On-location film and television production dropped by 98 percent in the second quarter as the entertainment industry shut down due to the coronavirus outbreak.

Signature Bank to Open Office in Warner Center

Signature Bank is expanding to Southern California with four new private client banking offices, including one in the Warner Center neighborhood of Woodland Hills.

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Multifamily Complex to Rise Near CSUN

A property located at 8940 N. Reseda Blvd. in Northridge will bring five stories of apartments to the market near California State University – Northridge.

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