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Apartment Complex With 64 Units Proposed in Van Nuys

A developer has proposed a multifamily complex with 64 units for a Van Nuys address, according to city of Los Angeles records.

Universal Studios to Reopen Shops, Restaurants as State Loosens Theme Park Guidelines

Universal Studios Hollywood theme park will reopen shops and restaurants on weekends at its Universal City campus beginning March 12, while state regulations promise the reopening of all theme parks at limited capacity as soon as April 1.

Dole Prevails in Directors and Officers Liability Lawsuit

In an appeals case involving liability insurance for directors and officers, the Delaware Supreme Court ruled in favor of Dole Food Co.

Second Sight’s Argus II System Receives FDA Approval

Second Sight Medical Products announced its Argus IIs Retinal Prosthesis System was approved by the U.S. Food and Drug Administration.

Business Events Calendar

Business Events throughout the Valleys.

Salem Ends Year With Profitable Quarter

Salem Media Group Inc. beat Wall Street estimates on revenue and earnings in the fourth quarter.

Amgen to Acquire Five Prime Therapeutics for $1.9 Billion

Amgen Inc. plans to acquire Bay Area biotech company Five Prime Therapeutics for $1.9 billion in cash, or $38 per share.

Disney to Close 60 Retail Stores

Walt Disney Co. will shutter at least 60 of its Disney retail stores in North America this year.

Glendale Apartment Complex Fetches $5.3 Million

A private investor has acquired the Winlake Apartments in Glendale for $5.3 million, or $314,705 per unit, in a 1031 exchange.

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Commercial Real Estate Awards Celebrate Winners in Tough Year

The Business Journal recognized the top brokers and projects for 2020 in a virtual Commercial Real Estate Awards event.

Lancaster, Kaiser Permanente Partner to Open Mass Vaccination Site

The City of Lancaster, in partnership with Kaiser Permanente, will open a mass vaccination site at the Antelope Valley Fairgrounds on March 8.

Memes and Viral Videos Join Loop Media Networks

Loop Media Inc., the Glendale distributor of short form video, has signed a partnership with Doing Things Media to bring that company’s content to Loop business customers.

New Chief Executive at PS Business Parks

Glendale-based PS Business Parks Inc. has appointed Dan “Mac” Chandler III as the company’s chief executive officer, effective April 5.

Six-Building Van Nuys Industrial Park Sells for $19 Million

A six-building multitenant industrial business park in Van Nuys has sold for $19.3 million, or $247 per square foot.

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NewHydrogen Expands UCLA Research Collaboration

NewHydrogen Inc. has finalized an agreement to expand existing research at the University of California at Los Angeles.

Dine Brands Beats on Revenue, Misses on Earnings

Applebee’s and IHOP parent company Dine Brands Global Inc. beat Wall Street estimates for its fourth quarter revenue but missed on earnings.

MannKind Convertible Notes to Raise $150 Million as Shares Fall 30 Percent

MannKind Corp. on Monday announced it intends to offer a private placement of convertible senior notes worth $150 million.

Joint Venture Breaks Ground on Supportive Housing Complex in Sylmar

Joint venture partners Meta Housing Corp. and LA Family Housing have officially broken ground on construction of Silva Crossing, a 56-unit permanent supportive housing project in Sylmar.

Valley Studios Win Tax Credits for Feature Films

A number of San Fernando Valley studios and production companies will receive financing for feature film projects from the latest round of tax credits under the state’s Film & TV Tax Credit Program.

CSUN’s Nazarian College Expands With Business Analytics Degree

Starting in fall 2021 semester, California State University – Northridge’s Nazarian College of Business and Economics will offer a bachelor’s degree in business analytics.