San Fernando Valley Business Journal

Huge Tejon Ranch Project Gets Approval

The Kern County Board of Supervisors has unanimously approved a massive master planned residential and commercial project proposed at the southern end of the San Joaquin Valley.

Medical Office Building in Burbank Sells

A large single-tenant medical building in Burbank has sold for $14.3 million.

Teledyne Buys Chatsworth’s Hanson Research

Teledyne Technologies Inc. has announced that it acquired Hanson Research Corp., a developer and manufacturer of instruments used in the pharmaceutical industry.

Business Events Calendar

Business Events throughout the Valleys.

Testing Service PSI Moves into Aviation

Professional testing firm PSI Services has acquired Computer Assisted Testing Services, a firm providing testing services for the aviation industry, the companies announced Tuesday.

Two Valley Apartments Sell for Nearly $6 Million

Two apartment buildings in the San Fernando Valley sold in separate transactions for combined total of nearly $6 million.

Amgen, Allergan Seek Approval for Avastin Biosimilar

Amgen Inc. and Allergan plc have submitted paperwork for permission to sell a biosimilar version of cancer drug Avastin in Europe.

Unity Spacecraft Takes First Free Flight

Ten months after its unveiling, the space vehicle VSS Unity completed its first free flight on Saturday at the Mojave Air & Spaceport in the Antelope Valley.

Ixia Rises on Buyout Report

Shares of Ixia rose nearly 15 percent Friday after Reuters published an article saying the company was looking for a potential buyer.

DTS Acquisition Finalized

Tessera Holding Corp. closed on its $850 million acquisition of DTS Inc. on Thursday, and DTS shares will no longer trade on the Nasdaq.

Princess Cruises to Pay $40 Million Penalty for Pollution

Princess Cruise Lines Ltd. will plead guilty to seven charges of deliberate pollution of the seas and pay $40 million in penalties, the Justice Department announced Thursday.

Van Nuys Airport Lifts Local Economy, Report Finds

The Van Nuys Airport brings in about $2 billion in economic output for Los Angeles County, according to a new report released Thursday by the Los Angeles County Economic Development Corp.

Century 21 Peak Continues Expansion With Inland Empire Acquisition

Century 21 Peak, a residential real estate brokerage in Woodland Hills, has acquired an Inland Empire brokerage as part of its expansion in Southern California.

California Resources Rises 44 Percent on OPEC News

Shares of California Resources Corp. (CRC) soared 44 percent Wednesday as hopes of higher prices revived the entire oil sector.

DTS Lands New Car Customers

High-definition radios made by DTS Inc. (DTSI) will appear in 17 new car models in 2017, the company announced Wednesday.

Engineering Firm Acco Names CEO

Acco Engineered Systems has named long-time employee Jeffrey R. Marrs as its new chief executive.

More Layoffs Hit DreamWorks

DreamWorks Animation will lay off 170 employees at its Glendale campus in January as the studio continues to be integrated into NBCUniversal following its acquisition early this year by Comcast Corp.

SoCalGas Settles Gas Leak Case with Prosecutors

A judge on Tuesday certified a $4 million settlement between Los Angeles County prosecutors and Southern California Gas Co., clearing the company of a criminal charge related to a gas leak at its Aliso Canyon storage facilities.

Natrol Gets New CEO

Vitamin manufacturer Natrol on Monday announced the appointment of Tom Zimmerman as its new chief executive.

Sellers of Northridge Apartments Make Big Gain

The Candlewood North apartment complex in Northridge has changed hands, according to Marcus & Millichap Inc. of Calabasas.