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Bros. Grow Chain After Virus Surge

Siblings look to duplicate their Canoga Park flagship restaurant.

Siblings look to duplicate their Canoga Park Middle Eastern restaurant.

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New Hotel Opens Doors In Calabasas

Weintraub Group’s boutique lodge will have 125 rooms.

When the Cambria Hotel Calabasas-Malibu at last opens its doors this October, it will be a fresh, upscale addition to the region’s hospitality sector.

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AROUND THE VALLEYS

Robert Mehrabian will resume the role of chief executive at Teledyne Technologies Inc. upon the retirement of current head Al Pichelli on Oct. 15.

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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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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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Production Ramps Up for Missile

Northrop to make weapon at Northridge facility.

Northrop Grumman Corp. has been authorized by the Pentagon to begin low-rate initial production of the Advanced Anti-Radiation Guided Missile Extended Range.

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‘New Old’ Vibe

development: Renewed Sportsmen’s Lodge aims to deliver upscale shops with a sense of the site’s history.

Redevelopment of Sportsmen’s Lodge to deliver upscale stores with a sense of history.

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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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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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Surprises in MGA’s New Dollhouse

Mansion features drive-thru diner and swimming pool.

Chatsworth-based MGA Entertainment Inc. announced late last month the launch of the LOL OMG House of Surprises, a dollhouse featuring 1980s themed rooms, as featured in the “LOL Surprise!” series on YouTube.

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Santa Clarita Multifamily Sells for $54 Million

The Retreat, 148-unit apartment complex in Santa Clarita, has sold for $54.1 million, according to Calabasas-based brokerage Marcus & Millichap Inc., which negotiated the sale.

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Earthquake Rattles Residents, But Results in No Damage

An earthquake just outside of Thousand Oaks rattled residents but didn’t produce any reported damage or disruption to businesses.

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Kingsbarn to Seek Solid Investments

Vegas firm appoints vice president for the Valley region.

Kingsbarn Real Estate Capital, based in Las Vegas, owns capital funds and focuses on buying commercial real estate to provide structured investments to high-net-worth individuals, family trusts, foundations and institutional investors.

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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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Medical Office Sells for $25 Million in Glendale

Deal indicates sector’s strength as investors look for stable income in the post-COVID economy.

The market for medical office buildings continues strong in the San Fernando Valley.

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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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Lancaster Hospital Ups Credit Score

Facility attains investment grade rank in Antelope Valley.

Antelope Valley Hospital received a BBB long-term credit rating and a BBB issuer credit rating from Standard & Poor’s Global Ratings, together marking the highest credit score the hospital has received on record.

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$17 Million Hangars for Aeroplex

Sun Air Jets will use new Van Nuys facility.

Aeroplex Group Partners said last month that it has completed a $16.8 million development project at Van Nuys Airport.

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Applebee’s Strikes Exclusive Beverage Deal with PepsiCo

Applebee’s Neighborhood Bar and Grill announced a new partnership with PepsiCo to serve an exclusive Mountain Dew flavor to customers of the Glendale-based restaurant chain.

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Jet Edge Receives $40 Million Follow-On Investment

KKR, a New York investment firm, plans to put another $40 million in Jet Edge International, an aircraft charter and management business at Van Nuys Airport.

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