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Princess Cruises Extends Sailing Pause

Princess Cruises has again postponed the resumption of cruising activity, this time through May 14.

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BlackLine Promotes Chief Revenue Officer

BlackLine Inc. has promoted Mark Woodhams to chief revenue officer, effective at the start of the new year.

AROUND THE VALLEYS

AROUND THE VALLEYS

‘Workforce’ Multifamily for $29M

Mountain View Manor in Sylmar hosts 200 units.

Positive Investment has closed one of the largest 2020 deals in Los Angeles with its purchase of the Mountain View Manor apartments at 12960 Dronfield Ave. in Sylmar, where 200 units traded for $29.4 million, or $147,000 per unit.

Manage Client Expectations for Smoother Ride

Lamar Hudson avoided panic during pandemic by sticking to goals.

From an office in Woodland Hills, Lamar Hudson provides comprehensive financial advice to a variety of clients – individuals, business owners, nonprofits and charities.

Buying into Market Dip to Rebalance Portfolios

One of Jason Sands’ clients asked how he could help others financially during tough times.

Wealth manager Jason Sands sought to keep clients on track for their long-term goals during the year of crisis, while also meeting short-term needs.

Mortgage Brokers’ Bonanza

In midst of pandemic, low interest rates foster home-buying and refinance surge.

The coronavirus pandemic and efforts to suppress it have shaken the national housing market – and given some segments a considerable boost.

Extra Work on Teledyne’s French Acquisition

TECHNOLOGY: Company adjusts terms and price to reach deal with government.

In a rare move by a company that has grown through its acquisitions, Teledyne Technologies Inc. has made only one in the past year.

Promenade Pullback

DEVELOPMENT: Westfield will move forward gradually in Woodland Hills.

Shortly after Promenade 2035 – the $1.5 billion overhaul of mostly dormant Westfield Promenade shopping mall in Woodland Hills — got final approval last month, the developer decided to wait to start construction.

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Westlake Bio, Alexandria Team on Lab Buildout

BIOTECH: VC firm to invest in startups that become tenants.

Two real estate deals have put the Conejo Valley’s biotech hub on the fast-track to expansion.

Amgen Licenses Experimental Drug for Tuberculosis, Leprosy Treatment

Amgen Inc. has licensed one of its investigational pipeline drugs to Medicines Development for Global Health for the treatment of tuberculosis and leprosy.

Local Biotech Makes Deal with Giant

Agoura Hills biotech company A2 Biotherapeutics on Wednesday announced it has entered into a collaboration agreement with pharma giant Merck to further develop its cancer therapies.

AIDS Healthcare Foundation Protests Amgen Pricing for Orphan Drugs

The AIDS Healthcare Foundation in Los Angeles staged a socially distant protest at Amgen headquarters in Thousand Oaks in response to the biotech giant’s refusal to sell orphan drugs to nonprofit entities at a reduced price.

Executives Promoted at PennyMac Financial

PennyMac Financial Services Inc. has announced two promotions within its executive ranks, effective Jan. 1.

Glendale City Councilman to Chair Metrolink

Glendale City Councilman Ara Najarian has been named as the chairman of the governing body of Metrolink, the commuter railway service.

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Valley Hospitals Grapple With COVID-19 Surge

The number of available intensive care unit beds has plummeted in Los Angeles County, with only 92 ICU beds available countywide.

NetSol Names Co-Founder as President

NetSol Technologies Inc. has named Naeem Ghauri as its new president, effective immediately.

Westlake Village BioPartners Debuts Funds With $500 Million

Westlake Village BioPartners has announced two new funds totaling $500 million to invest in life science startups and construct lab facilities for them.

MannKind Buys QrumPharma for $3.5 Million

MannKind Corp. announced it has acquired Pennsylvania-based QrumPharma Inc. for $3.5 million in cash and more than 3 million shares of its common stock.

AROUND THE VALLEYS

AROUND THE VALLEYS