SFV BUSINESS JOURNAL DAILY NEWS

MannKind Receives Final Milestone Payment for Hypertension Treatment

MannKind Corp. in Westlake Village has received its final $12.5 million milestone payment from United Therapeutics.

Camarillo Apartment Complex Sells for $96 Million

In Camarillo, a 213-apartment complex known as Las Positas has garnered $95.75 million, or $449,530 per unit.

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LA North Studios to Open Soundstage Hub in Santa Clarita

LA North Studios has signed a five-year lease to take more than 113,000 square feet at The Center at Needham Ranch in Santa Clarita.

Collaborative Seeks to Assists Ventura County Manufacturers

The Economic Development Collaborative in Ventura County has partnered with California Manufacturing Technology Consulting to provide services to manufacturers.

Public Health Minor Coming to Cal Lutheran

California Lutheran University in Thousand Oaks will offer a minor in public health starting in January

Blackstone, Worthe to Develop Burbank Office Tower

A joint venture between Blackstone Group and Worthe Real Estate Group will develop an office tower totaling 500,000 square feet.

Amazon Fresh Opens in North Hollywood

Amazon.com Inc. opened an Amazon Fresh grocery store in North Hollywood.

Glendale Man Sentenced for Credit Card Fraud

A Glendale man on Tuesday was sentenced to 84 months in federal prison after pleading guilty to running a series of credit card scams which defrauded over 20 banks out of nearly $5 million.

Med Building Slated for Tarzana

A 42,000-square-foot structure in Tarzana, just 1.5 miles from the Providence Cedars-Sinai Medical Center, is undergoing $4.5 million in renovations to be completed in the third quarter of next year.

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Encino Couples Charged with Defrauding PPP Program

Two Encino couples were charged Tuesday for allegedly submitting dozens of fraudulent loan applications to the Small Business Administration.

Cheri Fleming, Auto Dealership Owner and Civic Leader, Dies at 69

Cheri Fleming, among the most accomplished business and civic leaders in the Valley area, died Monday evening after suffering a brain aneurism two weeks ago.

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Dine Brands Selects John Peyton as Chief Executive

IHOP and Applebee’s parent company Dine Brands Global Inc. in Glendale announced on Tuesday the selection of John Peyton as its next chief executive. Peyton will replace current chief executive Steve Joyce effective Jan. 4.

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Warner Center Designated Transportation Innovation Zone

Warner Center has been designed as the first Transportation Technology Innovation Zone in Los Angeles.

Revenue Rises at Simulations Plus

Drug modeling software company Simulations Plus Inc. enjoyed an increase in revenue compared to last year, while earnings per share remained flat for the fourth financial quarter.

Guitar Center Reveals Chapter 11 Restructuring Plan

Guitar Center has confirmed it will soon enter a Chapter 11 financial reorganization to offload about $800 million in debt.

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Ventura County Drops to Purple Tier

Ventura County has dropped to the most restrictive COVID-19 reopening framework tier.

Gelt Sells Monterey RV Park for $28.5 Million

A joint venture between Tarzana-based real estate firm Gelt Inc. and Skya Ventures Inc. has sold Marina Dunes RV Resort near Monterey for $28.5 million.

Quarterly Revenue Eludes Netsol, Tix Corp.

Netsol Technologies Inc. fell short of revenue projections, while Tix Corp. reported zero revenue for the quarter.

Beverage Manufacturer Caps Supersized Lease in Santa Clarita

DrinkPak, an alcoholic and non-alcoholic beverage manufacturer, has inked a deal to occupy space at The Center at Needham Ranch industrial park in Santa Clarita.

Medtronic Launches Smart Insulin Pen Device

Medical device giant Medtonic has launched InPen, the first FDA-cleared smart insulin pen for diabetes patients needing multiple daily injections.