SFV BUSINESS JOURNAL DAILY NEWS

Burbank Multifamily Portfolio Sold for $6.8 Million

Two multifamily properties in Burbank have sold for a combined $6.8 million.

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L.A. County Unemployment Steady in August

L.A. County’s unemployment rate held steady at 4.5 percent in August for the third straight month, even as the county recorded sizable job gains, according to state figures released Friday.

Mission Valley Bank to Open South Bay Loan Office

Mission Valley Bank plans to open a loan production office in Torrance and has hired a new executive to supervise the operation.

Avita Medical’s Burn Treatment Gets FDA Approval

The Food and Drug Administration has approved Avita Medical Ltd.’s Recell system for treating severe burns, the biotechnology company said Friday.

Business Events Calendar

Business Events throughout the Valleys.

Plastic Straw Ban Signed Into Law

Gov. Jerry Brown on Thursday signed a bill prohibiting dine-in restaurants from automatically providing single-use plastic straws to customers.

Disney’s ESPN+ Reaches 1 Million Subscriber Milestone

Walt Disney Co. streaming service ESPN has surpassed 1 million paying subscribers in just over five months, the company announced Thursday.

High-Speed Rail Authority Proposes Palmdale-Burbank Tunnel

The California High Speed Rail Authority staff has recommended a route between Palmdale and Burbank that would follow the Antelope Valley Freeway and tunnel beneath the San Gabriel Mountains.

Amgen Partners with L.A. County on BioLA Project

Amgen Inc. has partnered with Los Angeles County to form a new organization aimed at advancing the region’s life sciences industry, the Thousand Oaks biotechnology company announced Thursday.

Van Nuys, Lancaster Airfields Receive Federal Funding

The U.S. Department of Transportation has awarded $23.1 million in infrastructure grants for work at Van Nuys Airport and at Fox Airfield in Lancaster.

Toluca Lake Land Parcel Sells for $2 Million

A 9,683-square-foot development site in Toluca Lake has sold for $2 million, or $207 per square foot.

Stevenson Ranch La Quinta Inn’s $22 Million Sale Breaks Brand Record

La Quinta Inn & Suites Santa Clarita – Valencia has sold to a local private investor for $22 million, according to Atlas Hospitality Group, which arranged the deal.

$70 Million Renovation Begins at Westfield Topanga Mall

A $70 million renovation project is underway at the Westfield Topanga Mall in Woodland Hills, owner Westfield Corp. announced Wednesday.

VICA Responds to Sidewalk Vending Law

The signature of Gov. Jerry Brown on a law to decriminalize sidewalk vending prompted a response from the Valley Industry & Commerce Association on Monday.

SnapMD Secures $7.1 Million Investment

SnapMD Inc., a telemedicine company based in Glendale, announced it has raised $7.1 million in funding.

L’Oréal Takes 240,000 Square Feet at Tejon Ranch

L’Oréal USA will house the regional logistics operation of its SalonCentrics subsidiary at the Tejon Ranch Commerce Center in Kern County.

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Westcore Spends $13.8 Million on Moorpark Warehouse

Westcore Properties has acquired a 114,556-square-foot industrial building in Moorpark for $13.8 million from Ventura firm Marcus Adams Capital.

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Designs Revealed for CSUN-Adjacent Student Housing Project

West Los Angeles real estate company Symphony Development and the Los Angeles office of design firm Steinberg Hart have revealed renderings for an apartment building project to address the housing needs for students attending California State University – Northridge.

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UCLA Health Expands at Encino Location

The Regents of University of California – Los Angeles have signed a lease to assume approximately 27,215 square feet of medical office space for UCLA Health.

Sylmar Industrial Property Sells for $6.6 Million

Sun Valley-based Ratner Property Management has purchased a $6.56 million industrial property in Sylmar with an eye to renovate it and upgrade its functionality and market value, according to the brokerage CBRE Group Inc.

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