California Resources to Sell $600 Million in Senior Notes

California Resources Corp. intends to sell $600 million in unsecured senior notes with repayment due in 2026.

Preview: California Oilman

Todd Stevens, former chief executive of California Resources, looks back at his tenure.

Preview: Disney Downsize

Walt Disney Co. is now a streaming business. So how will this switch impact the Tri-Cities’ commercial real estate sector?

Sherman Oaks Office Building Sells for $8 Million

Dubbed the Hamburger Hamlet building, the four-story structure, which spans 29,000 square feet, is located at 4419 Van Nuys Blvd.

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Ventura County Takes Legal Action Against Non-Compliant Businesses

Ventura County has sued six businesses for operating in violation of health and closure orders.

Former CBRE Industrial Brokerage Team Joins Colliers

The industrial real estate brokerage team of David Harding, Greg Geraci, Matt Dierckman and Billy Walk have joined Colliers International.

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AeroVironment Shares Soar on Acquisition Announcement

AeroVironment Inc. plans to acquire Arcturus UAV Inc. in a cash and stock deal valued at $405 million, an announcement that sent AeroVironment stock up more than 30 percent.

BioSolar Changes Name to NewHydrogen

Santa Clarita tech company BioSolar Inc. has officially changed its corporate name to NewHydrogen Inc.

Business Events Calendar

Business Events throughout the Valleys.

Amgen to Help Develop Autoimmune Drugs

Amgen Inc. and EVOQ Therapeutics on Wednesday announced they have entered into a license and collaboration agreement to develop drugs for autoimmune disorders.

Fernando Foundation to Induct Indigenous Representatives

A silver lining has emerged in the wake of the vandalization of the Native American obelisk at Warner Center Park during last May’s civil unrest: the Fernandeño Tataviam Band of Mission Indians will now hold a seat on the board of directors of the statue’s sponsors, the Fernando Awards Foundation.

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Landscape Company Buys Another

Stay Green Inc. has acquired Emerald Landscape Services Inc., a similar commercial landscape maintenance company in Orange County.

Insurance Agents Arraigned in Theft Scheme

Two Valley-area insurance agents were arraigned this week on multiple counts of grand theft.

Burbank Cracks Down on Bar for Ignoring Health Orders

The City of Burbank on Tuesday has notified Tin Horn Flats Bar & Grill that the conditional use permit allowing it to operate could be revoked if it does not comply with pandemic-time restaurant restrictions.

Mixed-Use Project With 42 Units Proposed in Van Nuys

The owner of a Van Nuys quarter-acre parcel of land has proposed a mixed-use residential project, according to L.A. Department of City Planning records.

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Tent Hospital in Lancaster Will Care for COVID Patients

The City of Lancaster, in partnership with North Carolina nonprofit Samaritan’s Purse and Antelope Valley Hospital, is building a 50-bed field hospital to serve the overwhelming number of COVID-19 patients.

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Loop Media Signs Canadian Distribution Deal

Short-form video distributor Loop Media Inc. has signed a partnership agreement with Switch Inc., a Canadian telecom service provider.

Reports: Disney May Relocate Some Operations to Florida

Walt Disney Co. may relocate some business operations from California to Florida, according to media reports.

Valley Hospitals Near Capacity With COVID Patients, Situation ‘Dire’

Surges in COVID-19 cases linked to holiday gatherings are overwhelming Valley hospitals to the point of possibly rationing care and causing a shortage of space to store corpses.

Pair of Warehouses Near Van Nuys Airport Sell for $3.7 Million

Two separate freestanding warehouses within the Van Nuys Airport Corridor have sold for a combined $3.7 million.

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