Kelly Goff

Staff Reporter

Phone: 818-316-3135

Recent Stories

Numbers Paint Distorted Picture of Santa Clarita Valley Market

Sometimes the numbers just don’t paint the whole picture.

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Warner Center Activity Lifts Sagging San Fernando Valley

If you want to know where all the action took place last quarter in the San Fernando Valley office market, just look west.

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Assisted Development

What is the hottest trend in local building? Forget hipster hangouts. Think retirement homes and active seniors.

REAL ESTATE: Driven by demographics, senior care facilities are popping up all over the greater Valley.

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Giant ‘Hole in the Ground’ Blows Apart Burbank Office Space

The Burbank office market sputtered in the second quarter, still reeling from the giant hole left by a vacancy earlier this year.

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Executive Pay Rides Recovery

Management: Local CEOs benefit from stock grants.

LIST STORY: Top executives at public companies are getting more stock grants and less salary. Includes SFVBJ's 2013 VALLEY'S EXECUTIVE COMPENSATION list for download (pdf)

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Council Releases Westfield Tax Break for Review

Government: Topanga project could receive $59 million subsidy.

Government: Council gives tentative approval for Westfield’s $59 million tax break.

Dollars Printed By PennyMac

Real Estate: Distressed assets still make money for sister firms.

Real Estate: Delinquent mortgages fuel expansion at both companies in the PennyMac family.

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L.A. Investor Snaps Up Reseda Apartments

Multifamily: Complex goes for $14.5 million, highest price since 2006.

A 138-unit apartment complex in Reseda has been acquired for $14.5 million, the highest sales price for a multifamily building in the community since 2006.

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Westfield Topanga Lawsuit Dismissed

A lawsuit seeking to block Westfield Group LLC’s proposed $450 million Village at Topanga project has been dismissed in Los Angeles County Superior Court.

San Fernando Industrial Building Sells for $4.1 Million

A 41,365-square-foot industrial building has sold for $4.1 million in a sale-leaseback deal.

MannKind Secures $160 Million in Debt Financing

Valencia biophamaceutical firm MannKind Corp. has inked a deal for up to $160 million in debt financing from affiliates of New York healthcare investment company Deerfield Management Co. L.P., company officials said Monday.

Amgen Takeover Bid Rejected

A San Francisco pharmaceutical company has rejected a nearly $10 billion takeover bid from biopharmaceutical firm Amgen Inc.

UPDATE: Westfield Tax Break Moves Forward

The Los Angeles City Council voted to move forward with a $59 million tax break for Australian developer Westfield Group LLC Friday, billed as a way for the firm to speed up construction of its Village at Westfield Topanga project.

Westfield Tax-Break Vote Reset for Friday

The Los Angeles City Council postponed until Friday a vote on a tax break for Westfield Group that could save the mall developer up to $59 million over 25 years.

Joint Venture Acquires Burbank Office Building

A joint venture led by L.A. real estate investment trust Hudson Pacific Properties Inc. has completed its acquisition of the Pinnacle office complex in Burbank’s Media District, the company said Wednesday.

Valley Home Prices Soar on Low Inventory

San Fernando Valley home prices surged 39 percent in May, driven by lack of homes for sale in the area. The median hit $520,000, the highest since February 2008.

Council to Consider Westfield Tax Breaks

The Los Angeles City Council will consider a tax break for Westfield Group LLC at its Wednesday meeting that could save the mall developer up to $59 million over 25 years.

Shares of Ceres Drop Sharply

Shares of Thousand Oaks firm Ceres Inc. fell sharply Monday, losing 17.8 percent of their value.

Female Executives Playing Catch Up

Management: Pay gap also a problem at local non-profits.

MANAGEMENT: Why top women executives earn less than men in the Valley’s non-profit sector. Includes SFVBJ's 2013 VALLEY'S NON-PROFIT ORGANIZATIONS list for download (pdf)

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Solar Activity Rises at Firm

Energy: Burbank outfit raising capital for molten-salt technology?

ENERGY: Are investors pumping $12.8 million into Esolar’s plan for a molten salt plant in Lancaster?

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Tenants Burrowing Into Vacant Mouse House

Leasing: Firms take space in North Hollywood building Disney departed.

A North Hollywood office building that has sat largely empty since Walt Disney Co.’s Interactive division moved out in November has gotten a boost with some new leases.

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NetSol Inks $10 Million Deal

Software firm NetSol Technologies Inc. has signed a $10 million deal with an international auto finance organization, the company announced.

PennyMac Expanding With Sacramento Office

Moorpark firm PennyMac Mortgage Investment Trust is expanding with a new Sacramento office.

LTC Properties Completes Texas Building

Real estate investment trust LTC Properties Inc. has finished work on a 120-bed skilled nursing property in Texas, the company said Tuesday.

Senior Housing Project Opens in Reseda

A 98-unit affordable senior housing development partially funded by the city opened on Monday in Reseda.

FDA Expands Approval for Amgen Bone Cancer Drug

The Food and Drug Administration has expanded the use of Amgen Inc.’s Xgeva to treat a rare bone cancer, the agency announced Thursday.

Amgen Expands Licensing Deal for $25 Million

Amgen Inc. announced on Wednesday that it is spending $25 million to expand a licensing agreement with Cytokinetics Inc. to cover the Japanese market.

Shifting Focus

Entrepreneur Robin Richards has started multiple businesses in his long career and he’s at it again with a group of jobs sites.

Q&A: With his newest company, Robin Richards wants to find everyone a job.

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Can Juicy Couture Get Going with Active Wear?

Apparel: Struggling Arleta brand to release new lines amid sale speculation.

The days of the velour track suit are long gone, but Juicy Couture, the brand that broke the bank with the late ‘90s trend, hasn’t really recovered.

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Encino Internet Research Firm Going Mobile

Marketing: uSamp unveils app that allows users to interact with advertisers.

Headed to the grocery store?

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Insurer Bets on Warner Center

Real Estate: Farmers Insurance move from Mid-Wilshire a boost.

REAL ESTATE: Farmers Insurance Group’s move to Warner Center has brokers. optimistic about the sluggish office market.

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Downtown Glendale Block Put on the Block

Commercial: CitiGroup selling 3.2-acre property for possible mixed-use

An entire city block is on the market in Glendale, and it may just be the future site of another mixed-use apartment complex.

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Film Veteran Wrapped Up In Ear Buds

Gary Martinez turns to Kickstarter for his tangle-free device.

INTERNET: Veteran Hollywood mechanical engineer Gary Martinez funds ear bud venture with Kickstarter.

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Rail Authority Approves Tutor Contract

The California High Speed Rail Authority board unanimously approved on Thursday a $985 million bid to build the first stage of the rail line by a joint venture that includes Sylmar construction firm Tutor Perini Corp.

Farmers Insurance Moving Headquarters to Valley

Farmers Insurance Group is moving its headquarters to the San Fernando Valley, the company said Tuesday.

American Homes Sets $1.25 Billion IPO

American Homes 4 Rent is looking to raise up to $1.25 billion with its initial public offering, according to regulatory filings – the potentially largest debut among a growing number of home-rental firms.

Ryland Gears Up for Expansion

Homebuilder Ryland Group Inc. has added a chief operating officer to its roster of executives as part of an organizational change geared toward expansion plans, the company said Tuesday.

Tutor Perini, MGM Argue in Nevada Supreme Court

Attorneys representing Sylmar construction firm Tutor Perini Corp. were in Nevada Supreme Court on Tuesday arguing that an unopened Las Vegas hotel it built for MGM Resorts International should remain standing.

Shares of MannKind Rise on Trial News

Shares of Mannkind Corp. rose sharply Monday after the biopharmaceutical company announced late last week that it had completed additional trials of its primary pipeline product, inhaled insulin drug Afrezza.

Simulations Plus Predicts Record Quarter

Lancaster software development company Simulations Plus Inc. released preliminary earnings for its fiscal third quarter Monday, and the company said it is predicting record revenue.

Power-One Expands in South Africa

Power-One Inc., a Camarillo manufacturer of solar power components, is continuing its expansion into the South African market with the completion of a 35-kilowatt project.-

Sherman Oaks Apartment Building Sells for $4.5 Million

Fountain Glen, a 20-unit apartment complex in Sherman Oaks, sold for $4.5 million this month after attracting more than 20 offers in one month

NetSol Inks $5 Million Deal with Australian Firm

Software firm NetSol Technologies Inc. has signed a $5 million deal with an Australian lending firm, the company said Thursday.

Low Inventory Drives Up Valley Home Prices

A lack of supply drove San Fernando Valley median home prices in April to their highest level in five years. The median hit $460,000, the highest since April 2008.

Amgen Establishes Japanese Joint Venture

Amgen Inc. will expand its reach in the Japanese market through a joint venture with Tokyo firm Astellas Pharma Inc., the company said Wednesday.

Capstone Hits 52-Week High on New Orders

Shares of Capstone Turbine Corp. hit a 52-week high Tuesday on news that New York real estate developer Related Cos. had placed orders for the firm’s microturbine energy systems.

New York Firm Falls Hard for Valley Rentals

Apartments: TIAA-CREFF pays $84 million for Oceano Warner Center.

In the year’s largest multifamily sale in Ventura and Los Angeles counties, New York financial service firm TIAA-CREF has acquired Oceano Warner Center for $84 million.

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Geiger Counter Not Included

Amgen chemotherapy drugs may help with radiation exposure.

BIOTECH: Amgen has a drug that may help survivors of a nuclear disaster.

Agents Go Top Secret with Listings

Real Estate: Scarcity of homes has pros resorting to unorthodox tactics.

REAL ESTATE: Houses for sale are so rare, brokers are working the phones to find them.

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Big Tract Plan For Small Lots

Development: 131-home project slated for 5.7 acres in Van Nuys.

DEVELOPMENT: Small lot subdivisions are the next big thing in Van Nuys – and elsewhere.

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