Elliot Golan

Staff Reporter

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

Recent Stories

Marcus & Millichap Posts Strong Quarter

The Calabasas commercial real estate brokerage reported on Thursday soaring first quarter revenue, citing a substantial increase in brokerage commissions

Ceres Founder and Chairman Dies

Dr. Walter De Logi, co-founder and chairman of Ceres Inc., has died unexpectedly, the company announced Tuesday.

American Homes Pleases Street

American Homes 4 Rent reported late Monday second-quarter funds from operations in line with Wall Street expectations, as the company remains aggressive in expanding its housing portfolio.

T.O. Shopping Center Sells for $13.5 Million

The Terrace, a 40,000-square-foot shopping center in Thousand Oaks, has sold for $13.5 million.

Bank of America's Countrywide to Pay $1.3 Billion

The Countrywide Financial mortgage lender unit owned by Bank of America has been ordered to pay $1.3 billion in damages for selling thousands of defective loans.

Amgen Announces Big Layoffs

Amgen Inc. announced on Tuesday that it would cut up to 2,900 jobs, close plants and consolidate its offices at its sprawling Thousand Oaks headquarters complex.

Hitting Pay Dirt

A tight county industrial market has sent builders scurrying to develop warehouses and offices in the Santa Clarita Valley, where land is cheaper and firms are migrating.

Developers plan to build three major industrial parks in Santa Clarita. But is there demand?

Tenants Calling Shots as Landlords Still Forced to Sweeten Pot

Major office and industrial deals in Santa Clarita Valley.

Ball Bearing Company Rolls Into New Offices

Distribution: Next Point Bearing Group found lower rents and newer buildings in Santa Clarita.

Marriott Sale Checking Out

hospitality: L.A. firm buying large Warner Center property.

Hospitality: The Warner Center Marriott is being sold and upgraded.

Simulations Plus Acquires Competitor

Simulations Plus Inc. announced on Thursday a $7 million acquisition of a New York company that helps drug makers seek approval for their products.

June Home Foreclosures Down

Home foreclosures fell in Southern California in June, continuing a trend to a more normal market, according to a report released Thursday.

PennyMac Reaches $550 Million Funding Deal

PennyMac Mortgage Investment Trust has entered into an agreement with Bank of America to fund up to $550 million in new mortgages.

GrowLife Moves Headquarters to Seattle

GrowLife Inc., a Woodland Hills seller of supplies to the marijuana growing industry, has relocated its corporate headquarters to Washington state, where voters have approved recreational pot use.

Ready to Give At Offices

Real Estate: Buyer confident time, money commitments will polish up business park.

Real Estate: A Santa Monica developer paid $11 million for a vacant Camarillo office park.

After Spinoff, Internet Firm Shrinks Footprint

Real Estate: United Online will downsize its offices now FTD sale is complete.

United Online Inc. wants to get back to its roots.

Ceres Narrows Losses, Beats Estimate

Energy crop developer Ceres Inc. on Thursday reported yet another quarterly loss, though the company did better than analysts expected.

Van Nuys LA Fitness Fetches $23 Million

The 53,000 square-foot LA Fitness in Van Nuys has traded hands for about $23.5 million.

Ceres Licenses Software to Bayer

Thousand Oaks agricultural biotech Ceres Inc. announced Tuesday it has licensed its genome visualization application to Bayer CropScience.

American Homes to Acquire Beazer Rentals

American Homes 4 Rent on Tuesday announced it will acquire Beazer Pre-Owned Rental Homes Inc. for a little more than $260 million in debt and stock.

Set Shop Erects New Headquarters in Sylmar

Real Estate: Vision Scenery flees offices in Burbank where Ikea will build store.

While Burbank and its boosters are swooning over plans to construct the country’s largest Ikea store, there are some legitimate businesses that are losing out.

Kissing Sisters At PennyMac

Finance: Affiliated Moorpark firms fail to excite investors.

Finance: It’s been about a year since PennyMac Financial Services went public, and the stock has been underwhelming.

Business Journal Honored

The paper lauded as best in the nation among its peers.

Awards: The Business Journal wins top honors in a national business journalism competition.

Aerospace Tax Credit Bill Passes Assembly

A bill that would benefit Antelope Valley by giving California aerospace companies up to $420 million in employment tax credits has passed the Assembly.

GrowLife Updates Financial Losses

Marijuana growing supply company GrowLife Inc. announced on Thursday will restate first quarter non-cash losses totaling nearly $34 million.

Redken Founder Dies at 82

Paula Kent Meehan, a television actress, who founded Valley cosmetics giant Redken Laboratories died earlier this week after a lengthy battle with lung infections. She was 82.

Heritage Provider Network Partners With Rite Aid

Heritage Provider Network Inc. and Rite Aid Corp. announced on Tuesday a partnership to coordinate care for patients with serious health conditions.

Glendale Receives ‘Green’ Grant for Downtown

Glendale has received a nearly $1 million grant to help create a more sustainable downtown.

American Homes Venture Worth up to $500 Million

Agoura Hills real estate investment trust American Homes 4 Rent is partnering with a fund owned by the state of Alaska to buy, renovate and lease homes. The venture could invest as much as $500 million.

Valley Home Prices Edge Up

San Fernando Valley home prices rose slightly in May as the number of properties on the market grew, according to a report released Thursday by the Southland Regional Association of Realtors.

Agoura Hills Townhouse Property Sells

A land parcel in Agoura Hills entitled for 18 apartments has sold for $2.1 million.

Redevelopment Supporters Begin Initiative

As cities like Glendale make moves to navigate economic development without the help of redevelopment funds, an initiative out of Orange County is working to bring the tool back.

KB Home Gets Schooling on Small-Lot Tract

Real Estate: Homebuilder plans 132 houses at old Pinecrest School site.

Los Angeles homebuiler KB Home is set to go vertical on a so-called “small-lot” housing tract at the site of the former Pinecrest School in Van Nuys.

Amgen Cuts Adding Up

Biotech: Layoffs please Street but raise questions on future.

Biotech: Amgen’s recent layoff of 70 workers comes at a time of big decisions for the pharmaceutical giant.

Farmer No Longer Sweating It

Camarillo jalapeno supplier was in middle of Sriracha brouhaha.

Agriculture: Ventura County farmer takes deep breath as Sriracha stink subsides.

Non-Profit Development?

Economy: Loss of state funds for projects prompts Glendale to form new agency.

Economy: Can economic development corporations replace redevelopment?

Tutor to Build Miami High-Rise

Tutor Perini Corp. has received a $255 million contract for construction of an 82-story, mixed-use apartment tower along Biscayne Bay in Miami.

Universal Music Signs Woodland Hills Lease

Universal Music Group has signed a 146,636-square-foot lease at the LNR Warner Center office building in Woodland Hills.

Regional Home Prices Rise, Sales Slow

Home prices in Southern California continued to rise in May, but sales have begun to slow due to growing inventory and affordability issues, according to San Diego real estate data firm DataQuick.

Tutor Perini, Partners Win $80 Million in Big Dig Dispute

A joint venture of Tutor Perini Corp. has won an $80 million judgment in a long-standing fight with the Massachusetts Department of Transportation (MassDOT) over its Central Artery/Tunnel Project in Boston, commonly called the Big Dig.

Foreclosures Fall, Bank Repos Rise

Home foreclosures continued to drop in Southern California in May, with rates in the greater Valley varying widely, according to a report released Tuesday.

Amgen CFO Gets $2 Million Signing Bonus

Amgen Inc. appointed David W. Meline as its chief financial officer on Monday luring him from 3M with a $2 million signing bonus.

Ricon Corp. Moving to San Fernando

Ricon Corp., which designs and manufactures wheelchair lifts, is moving its headquarters from Panorama City to San Fernando.

Sterling Agrees to Clippers Sale

The uncertainty over the future of the Los Angeles Clippers appears to have ended as multiple media outlets reported Wednesday afternoon that owner Donald Sterling has agreed to drop his lawsuit against the NBA to stop the sale of the team.

Developer Proposes Mixed Use for Old Daily News HQ

The first development under the Warner Center Specific Plan has been approved by the Woodland Hills Warner Center Neighborhood Council.

Fallbrook Center Sells for $210 Million

The Fallbrook Center outdoor mall in West Hills has sold for $210 million to a San Diego real estate investment trust

Rexford Acquires Burbank Property

Los Angeles real estate investment firm Rexford Industrial Realty Inc. announced on Monday it has added to its fast-growing Valley portfolio with a $15.4 million Burbank acquisition.

border spat

Calabasas, Agoura Hills skirmish over ... office property?

Taxes: Agoura Hills and Calabasas disagree on who should control one particular land parcel.

Firm Snares Rival Broker

Real Estate: Veteran jumping from NAI Capital to illi.

Real Estate: Two long-time Valley brokers team up to tackle the retail market.

The Growing Business of Business Management

Profile: At Miller Kaplan Arase, forecasting future income from the Internet is a complex science.