Elliot Golan

Staff Reporter

Email: egolan@sfvbj.com
Phone: 818-316-3123

Recent Stories

Health Care Special Report: Bedside Tales

Health care consultant Steven Valentine has seen it all.

7 Over Seventy - Ron Tutor

Profiles - Ron Tutor: Look into the lives of local executives who still work into their seventh decade and beyond.

Too Little of A Good Thing

Finance: Second Sight smash IPO may have been underpriced.

Finance: Second Sight took a low view when pricing shares for its initial public offering.

Mann Completes Sale of Business Parks

Even as Alfred Mann calculates his monetary stake in Second Sight Medical Products Inc., he has raised additional capital by selling both of his Valley commercial real estate assets.

Company Washing Hands of Old Headquarters

Real Estate: Bobrick moving into build-to-suit 500 yards away in NoHo.

As company sales recover from the downturn in commercial construction, Bobrick Washroom Equipment Inc. is getting ready to move into its new build-to-suit headquarters.

New Address For Post Office?

Development: Apartments eyed for Woodland Hills location.

Development: The Woodland Hills post office could become an apartment complex.

Camarillo Center Fetches $54.5 Million

A two-building industrial park in Camarillo has traded hands for $54.5 million.

CSUN Business School Receives Gifts

Cal State Northridge has received an additional $6 million in donations toward its $25 million fundraising campaign for its business school.

Report: Valley Home Prices Mixed

Home prices in the San Fernando Valley rose by 12 percent in October compared to a year earlier but were down since September, according to report released Monday by the Southland Regional Association of Realtors.

Update: Mann Sells Two Local Biomedical Parks

The Mann Biomedical Park in Valencia and Sylmar Biomedical Park in the San Fernando Valley, both owned by Alfred Mann, have been sold to Intertex Cos. in Valencia with financial backing from L.A. investment firm Oaktree Capital Management.

Gallagher Acquires Woodland Hills Brokerage

SGB-NIA Insurance Brokers in Woodland Hills has been acquired by Arthur J. Gallagher & Co., a publicly traded company that is the Valley’s leading brokerage.

CU Bancorp Shareholders Approve Merger

The operator of California United Bank has received shareholder approval for its merger with downtown L.A. lender 1st Enterprise Bank.

The Beer Engineer

Luis Cayo’s mechanical engineering degree got him jobs running Budweiser breweries worldwide, and now Van Nuys.

Q&A: Brew master Luis Cayo traveled the world for a good beer and found it in Van Nuys.

Economy Up, MBAs Down

List: Enrollment is falling, but new accreditation could increase the value of local MBA degrees.

Digital Audio Firm Picks Up Video Counterpart

Theaters: Dolby acquires Doremi Labs in Burbank for at least $92.5 million.

Technology: Dolby’s acquisition of Doremi Labs will try to marry audio and video gear.

Second Luxury Ranch Set for Northwest Valley

Real Estate: Developers plan up to 314 homes, some on half-acre lots for horses.

After a decade of waiting, a major housing development in the San Fernando Valley is finally ready to move forward – though not quite as large as initially envisioned.

Tipalti Investors Like What They See in the Cloud

Finance: Agoura Hills firm looking to expand after receiving $13 million.

With $13 million in new funding, Tipalti is looking to grow in employees and services.

Burbank Apartments Sell for $8.5 Million

A 30-unit apartment building in Burbank has traded hands for about $8.5 million.

Sylmar Apartments Fetch $14 million

Vista Ridge Apartment Homes, an 81-unit apartment complex in Sylmar, has traded hands for $14.3 million.

‘Sub-Par Month’ for Homes Sales

Southern California home sales slowed in October as prices have begun to stabilize, according to a report released Wednesday.

Chatsworth Man Gets 10 Years for Ponzi Scheme

A Chatsworth man has been sentenced to more than 10 years in federal prison after being convicted of running a Ponzi scheme that cost 82 victims about $7 million.

More Housing Planned for Panavision Site

A portion of the former Panavision headquarters site in Warner Center has been sold to a local builder that plans a development of 232 multifamily units.

Northridge Business Park Sold

A 44-acre office-and-industrial park in Northridge has been purchased by a joint partnership of Shubin Nadal Realty Investors of Newport Beach and DRA Advisors LLC in New York.

Obit: Former Trader Joe's CEO

Thousand Oaks resident John Shields, who shepherded grocer Trader Joe’s through a major national expansion, died Oct. 31 after a long illness. He was 82.

Accounting Startup Raises Money

A North Hollywood startup that helps accountants close the books has received $1.3 million in financing.

Update: Glendale Approves Downtown Development

The Glendale City Council voted to give design approval for a $105 million mixed-use development in the city’s downtown.

Superior Hit by Proxy Battle, Plant Closure

Aluminum wheel manufacturer Superior Industries International Inc. said Monday it swung to a loss in its fiscal third quarter, blaming a plant closure and proxy battle for its weak results.

Fast Get Faster Amid Recovery

Fastest: Digital technology and online companies lead the charge for fast growth.

Luxe Developer Eyeing Glendale

Housing: Fifield Cos. takes over Amidi project downtown.

Housing: The developer of a large apartment complex in Glendale has pulled out. A Chicago luxury firm is in.

Conejo Valley Bracing for Amgen Layoffs

Biotech: Amgen’s cost-cutting draws applause on Wall Street and worries on Main Street.

Trust Dispute Leads to Local Ownership Change

Real Estate: Receiver sells two Valley-area hotels after apparent family rift.

The last three properties of a five-hotel portfolio mostly located in the Valley area have been sold out of receivership.

VICA to Fight for Soccer Team

The Valley Industry & Commerce Association said Friday it would fight for the Valley to host the new Major League Soccer team.

MLS Announces New L.A. Franchise

Major League Soccer announced on Thursday the new ownership group for the failed Chivas USA franchise, and so far it doesn’t appear that there are any Valley ties.

Luxury Complex Sells for $126 Million

Chicago apartment developer Equity Residential has acquired The Hesby, a 308-unit upscale apartment building in North Hollywood, for $126 million.

Valley Awaits Chivas Decision

The new ownership group for the failed Chivas USA franchise will be announced on Thursday and early reports don’t bode well for the Valley’s effort to have the team located here.

Amgen Says No Split Up

Shares of Amgen Inc. rose on Tuesday after Chief Executive Robert Bradway rebuffed a call to break up the company and instead announced additional layoffs of up to 1,100 workers and other restructuring to boost profits.

Reports Show Valley Home Sales Slowing

San Fernando Valley home sales were slow in September, according to two separate reports released Tuesday.

Cost-Cutting Helps Amgen Beat Estimates

Amgen posted third-quarter earnings Monday that beat Wall Street estimates, as the company reported strong drug sales and benefited from cost-cutting once restructuring costs were excluded.

Business Groups' Stand on Propositions

Valley-area business groups have issued voting recommendations for the major propositions on the Nov. 4 ballot, including the water bond measure and two propositions related to the health-care industry.

Update: Avery Dennison Reports Third Quarter

Avery Dennison Corp. on Friday reported earnings, as the company was hit by raw material and restructuring costs.

Dairy Costs Hurt Cheesecake

Cheesecake Factory Inc. reported net income on Wednesday that missed analyst estimates, blaming sharply rising dairy costs for cutting into profits.

Agoura Hills Firm Gets $13 Million

Tipalti, an Agoura Hills firm that offers automated cloud payout services, announced on Wednesday it has received $13 million in a funding round led by Wicklow Capital.

Amgen Rises on Investor Call for Breakup

Shares of Amgen Inc. jumped nearly 5 percent Tuesday on heavy volume as billionaire hedge fund manager Dan Loeb disclosed he had upped his stake in the company and called for its breakup.

Boomers Breathe Life Into Insurance Products

Finance: New York Life expanding into larger Warner Center offices.

The San Fernando Valley office of New York Life Insurance Co. is making a big bet on growth.

Buried Treasure

Barry Hoeven has spent decades in the storage industry and has seen some pretty strange things in his day.

Q&A: Cancer, cops and real estate development – it’s all in the self-storage career of Barry Hoeven.

Lack of New Product Tempers Optimism Despite Improvement

Reports: Major office and industrial deals in Valley-area submarkets - Santa Clarita Valley.

Project Gets Burbank OK

Development: Council likes Whole Foods mixed-use.

Development: With approval from Burbank, plans move forward for the 241-unit Talaria apartment project.

Real Life Storage Wars

Small-time storage operators are finding challenges in a mature market in which big public REITs have access to cheap capital.

Industry: From multinational REITs to single-location entrepreneurs, the self-storage sector is going full blast.

Signature Acquires Recycling Business

Signature Group Holdings Inc. announced on Friday that it will acquire Global Recycling and Specification Alloys for $525 million.

Burbank Approves Talaria Project

The Burbank City Council voted 4-1 to approve the Talaria at Burbank mixed-used development in the Media District Tuesday night, following two weeks of lengthy meetings on the project.

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