Elliot Golan

Staff Reporter

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

Recent Stories

Real Estate Investor Guy Weddington McCreary Dies at 77

Guy Weddington McCreary, a member of the founding family of North Hollywood, died last weekend. He was 77.

Home Sales Rise, Prices Stabilize

Southern California home sales inched to a five-year high for September as prices have begun to stabilize, according to a report released Monday.

Daily News Site Mixed-Use Project OK'd

The South Valley Area Planning Commission denied an objection Thursday night against a planned mixed-use project at the former Los Angeles Daily News headquarters site, paving the way for the first project under the area’s new specific plan.

Tarzana Medical Office Project Begins

Construction has begun on Ventana Medical Plaza, an 112,500-square-foot medical office project in Tarzana.

Neighborhood Council Seeks Changes to Sunkist Project

A Sherman Oaks Neighborhood Council committee decided on Wednesday night not to approve in its current form a $100 million mixed-use project slated for the site of Sunkist’s headquarters.

Vote on Controversial Burbank Project Delayed

The Burbank City Council delayed a vote Tuesday night on the proposed Talaria at Burbank mixed-used development in the Media District following a lengthy evening meeting during which residents raised traffic concerns.

Simi Resort May Fly Off

Real Estate: Hummingbird Ranch site on the market.

Real Estate: Hummingbird Nest Ranch, the proposed site for a luxury resort in Simi Valley, is for sale.

Developer Pedals Old Dodge Site for Housing

Real Estate: Reseda project is near busway and features 287 bicycle spaces.

A local developer has plans to convert an old car dealership lot in Reseda into a $50 million mixed-use apartment building targeting mass transit users.

small yields

Local banks are finding growth difficult in the highly regulated, low-interest-rate era after the financial crisis.

Local: Low interest rates and high regulatory hurdles make it tough for community banks.

Ikea Construction Suit Dropped

A lawsuit that sought to halt construction of the country’s largest Ikea on grounds the project did not undergo sufficient review to assess its impact on global warming has been dropped.

Research Solutions Posts Loss

Research Solutions Inc. reported falling revenue and net income in its fiscal fourth quarter, as the company struggles with a transition from print to cloud-based distribution.

California United Gets Regulatory Approvals

CU Bancorp is one step closer to completing its acquisition of 1st Enterprise Bank after announcing Thursday it has received all approvals from government regulators.

Home Sales Decline

Home sales in the San Fernando Valley were down in August, as prospective home buyers continue to grapple with rising prices.

Fallow Future for Camarillo Farmland Project?

Development: Council vote kills current housing plan but downsizing possible.

After nearly 10 years of hearings and drama, a development proposal for nearly 900 acres of Camarillo farmland looks to be on its last legs – at least in its current form.

Old School Texas Firm Buys Online Marketer

Internet: Alliance benefiting from Westlake Village’s Conversant.

Internet: The hunger among marketers for big data explains Conversant’s $2.3 billion acquisition.

Gooaalll??

Business group in underdog role as it pulls for MLS team.

Sports: A campaign to bring a Major League Soccer team to the Valley runs into obstacles.

Could Valley Host MLS Soccer Team?

Local business leaders are trying to bring a Major League Soccer team to the Valley, but the effort could be a longshot.

Burbank Airport to Test Screening Shoes

Passengers at Burbank Bob Hope Airport will be the first in the country to test out new “flightfeet,” a lightweight plastic shoe aimed at expediting the security checkpoint process.

Foreclosures, Home Sales Fall

Even as foreclosures fell to more normal levels, home sales in Southern California slipped to a four-year low in August as would-be buyers faced inventory and affordability challenges, according to separate reports released Thursday.

Westlake Village Insurer Acquired

Peterson Milaney Insurance Associates in Westlake Village was purchased by Hub International Limited, the company announced Thursday.

Brown Signs Sick Leave Bill

Gov. Jerry Brown on Wednesday signed a bill that requires employees be given three paid sick days – legislation that was opposed by business groups as a job killer.

AFEX Buys Toronto Firm

AFEX, a Woodland Hills provider of cross-border payment services for businesses, has purchased GFX Partners in Toronto, the company announced Monday.

Comedy Duo Smiling Over Move to East Valley

RealL Estate: Tim & Eric of Adult Swim get office near Burbank Media District.

A well-known comedy duo responsible for several shows on Cartoon Network’s late night Adult Swim series have relocated from Hollywood to Glendale.

Par for the Course?

Sports complex in Studio City eyed for senior housing.

Development: Will the Weddington Golf and Tennis Club become a senior living facility or a park?

Tease photo

Alfred Mann Selling Off Valley-Area Business Parks

Real Estate: Biotech billionaire cashing out in Sylmar, Valencia.

Real Estate: Billionaire Alfred Mann is selling off his industrial parks in Santa Clarita and Sylmar.

West Coast Cool

Former Fannie Mae CEO Mike Williams left the Washington D.C. maelstrom behind to lead Valley lender Prospect Mortgage.

Q&A: Mike Williams, former chief exectutive at Fannie Mae, now runs Prospect Mortgage in Sherman Oaks.

Senior Housing Planned for Weddington

Once again the Weddington Golf and Tennis complex in Studio City is the subject of a development proposal - this time a plan to raze its tennis courts and build 200 senior condos.

Mann Cashing Out

Alfred Mann is divesting of his commercial real estate assets in the greater Valley: the 120-acre Mann Biomedical Park in Valencia and the nearly 10-acre Sylmar Biomedical Park, the Business Journal has learned.

VICA Voices Concerns for Minimum Wage Proposal

A proposal by L.A. Mayor Eric Garcetti to raise the minimum wage to up to $13.25 per hour drew a lukewarm response Tuesday from the Valley Industry & Commerce Association.

BofA Appeals Countrywide Verdict

Bank of America Corp. has asked for a federal judge to overturn a jury verdict that found it liable for thousands of bad mortgages sold by its Countrywide unit, leading to a $1.3 billion judgment.

Talaria Approved by Burbank Planning Board

The $150 million Talaria at Burbank mixed-used development was unanimously approved on Monday night.

Homes Sales Rise as Prices Flatten

Stabilizing home prices and increased inventory fueled more San Fernando Valley homes to close escrow in July in more than a year, according to a report released Monday by the Southland Regional Association of Realtors.

DreamWorks Conjuring Up Glendale Offices

Real Estate: Animation studio leases in highrise for growing television unit.

Despite a falling share price and some serious box office bombs, DreamWorks Animation SKG Inc. has increased its office space in Glendale.

Mixed-Use With City of San Fernando Twist

Development: A mixed-use project in San Fernando draws mixed reviews from city officials.

Rocky Startup Forces Mutual Fund Closure

Finance: Veteran financial manager shuts Rocky Peak fund.

Veteran financial manager Tom Kerr took a shot at going out on his own – and it didn’t work out.

On the Farm

The community of Chatsworth is noted for its rocky peaks and equine neighborhoods, where residents still board and ride horses as if it were a century ago.

Luxury Warner Center Apartments Sold

A $75 million Warner Center luxury apartment building that opened less than a year ago has been sold to an undisclosed institutional investor.

BofA Agrees to $16.7 Billion Mortgage Settlement

Bank of America has agreed on the largest settlement ever reached between the government and a company, largely due to its acquisition of Countrywide Financial.

DreamWorks Gains on New CFO

Shares of DreamWorks Animation SKG Inc. closed up nearly 10 percent on Monday after the company appointed a new chief financial officer and saw its latest movie open strong in China.

American Homes Prices Offering

Shares of American Homes fell Thursday after the single-family home landlord priced its $230 million public offering.

L.A. County Foreclosures Up in July

L.A. County foreclosures rose in July after falling for more than two years, according to a report released Thursday.

American Homes Announces Offering

American Homes 4 Rent announced on Wednesday a public offering of shares as it continues to acquire rental homes across the country.

July Home Sales Slow

Home sales in Southern California fell to their lowest number for a July in three years, as affordability issues and weak supply slowed the market, according to a report released Wednesday by real estate data firm DataQuick.

Sunkist Leaving Sherman Oaks Next Month

More than a year after selling its landmark Sherman Oaks office building, Sunkist Growers Inc. announced Tuesday it will begin moving to its new home in Santa Clarita in September.

Industrial Park Blooms in Valley

Real Estate: Developer about to break ground in Chatsworth.

Real Estate: One developer thinks the Valley market is ripe for new industrial projects.

Double-Chin Drug Company Doubling – Offices

Real Estate: Kythera moves from Calabasas to larger space in Westlake Village.

As Kythera Biopharmaceuticals Inc. waits on the Food and Drug Administration to make a decision on its new drug to eliminate chin fat, the biotech is expanding its office footprint.

Amgen in Talks to Sell Buildings After Layoffs

Real estate: Biotech leaders say bigger firms may fit on headquarters campus.

Real Estate: As Amgen downsizes, what will happen with its Thousand Oaks campus?

Residents Sour On Sunkist Plan

Development: Big plans for the former Sunkist headquarters may get squeezed down by neighborhood groups.

Late Bloomer

Bill Watkins went back to school in his 40s to earn his Ph.D and now leads Cal Lutheran’s economic forecast – when he’s not playing blues or climbing rocks.

Q&A: Cal Lutheran Professor Bill Watkins left banking to become an economic forecaster.

BofA Mortgage Settlement Could Hit $17 Billion

Bank of America is close to reaching a record $16 billion to $17 billion settlement with the U.S. Justice Department over toxic mortgages issued by its Countrywide Financial unit and other mortgage lenders it acquired.