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New CEO Named for Sherman Oaks Chamber

The Sherman Oaks Chamber of Commerce has selected Victoria Bourdas Martinez as its next chief executive.

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New Stealth Bomber Being Built in Palmdale

Northrop Grumman Corp. is building five next-generation stealth bombers at its plant in Palmdale, Secretary of the Air Force Frank Kendall said on Monday.

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Business Events Calendar

Business Events throughout the Valleys.

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ServiceTitan Brings Technology Experts to Board

ServiceTitan has appointed two technology experts to its board of directors – Diya Jolly and Sameer Dholakia.

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Sherman Oaks Multifamily Trades for $10.5 Million

The 24-unit multifamily property called Vue Sherman Oaks has sold for $10.5 million.

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US Bancorp to Buy Union Bank for $8 Billion

U.S. Bancorp, parent of US Bank, will acquire MUFG Union Bank for about $8 billion, the companies announced.

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Amgen Wins Otezla Patent Case

The U.S. District Court for New Jersey upheld patents that protect Otezla (apremilast), Amgen Inc.’s psoriasis treatment.

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Cavitation Technologies Ramps Up Permian Basin Market

Cavitation Technologies Inc. is ramping up its activity in the Permian Basin, according to an update to investors.

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Agoura Hills Office Campus Sells for $18.5 Million

Platinum Court, a two-building suburban office campus in Agoura Hills, has sold for $18.5 million, according to Calabasas-based brokerage Marcus & Millichap Inc.

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Capstone Sells Three Turbines to Caribbean Resort

Capstone Green Energy Corp. will supply three of its microturbines to a resort redevelopment project in the Caribbean following an order received through its distributor for the region.

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Partners Pay $37.4 Million for Burbank Post-Production Facility

A partnership of Cruzan and Independencia Asset Management paid $37.4 million for a post-production facility in Burbank.

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Cal Lutheran Expands Tuition Price-Matching Program

California Lutheran University’s Public Price Promise program is expanding to match the costs of all nine University of California undergraduate campuses.

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County Orders Vaccine Mandate for Bars, Clubs

Los Angeles County Department of Public Health will begin requiring verification of a recent negative COVID-19 test or vaccination for employees and attendees of indoor bars, clubs and lounges.

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Cannabis Company Pays $93 Million for Camarillo Production Facility

Glass House Brands has purchased the former Houweling’s Tomatoes property near Camarillo for $93 million in cash and stock considerations.

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Former Amazon Executive Becomes CFO at Calavo Growers

Santa Paula-based avocado company Calavo Growers has announced the appointment of Mariela Matute as its chief financial officer, effective Oct. 11.

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Valley Economic Alliance Headquarters Building Sells for $7 Million

The office building that hosts the headquarters of the Valley Economic Alliance in Van Nuys has sold for $7 million, according to brokerage CBRE Group.

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Lief Labs Signs Green Tea Partnership

Lief Raws, a division of Valencia-based dietary supplement manufacturer Lief Labs, has entered a licensing partnership that will enable it to be the distribution and sales arm for CellFlo6, a green tea extract.

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Loop Media Launches Latin Content Initiative

Loop Media Inc. launched a month-long programming initiative to celebrate Hispanic Heritage Month.

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Metro Expands Ride-Hailing Service to Northwest Valley

The Los Angeles County Metropolitan Transportation Authority has added the northwest San Fernando Valley to its ride-hailing service Metro Micro.

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