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Preview: Record Year for IPOs

Valley companies take active role in acquisitions and public market openings.

VALLEY INSIDER

Clubhouse Named For Philanthropist

David Lee hired as chief operating officer at Public Storage.

Former Congressman Sues Cal Lutheran

Former congressman Elton Gallegly, who represented a Ventura County district for 26 years, has accused California Lutheran University in a lawsuit of refusing to account for more than $1 million in donations and for failing to fully establish the Gallegly Center for Public Service and Civic Engagement on its campus.

Valley Insider

Work From Home Extends Hours

Neil Watanabe hired as new chief financial officer at Loop Media Inc.

Growth Against the Grain

Even in a pandemic-hobbled economy, entrepreneurs find ways to grow revenue and payrolls.

Even in a pandemic-hobbled economy, entrepreneurs find ways to grow revenue and payrolls.

Mission Valley Bank Income Rises With Federal Grant

Mission Valley Bancorp on Friday announced a profitable quarter based on a grant from the Treasury Department.

Simulations Plus Misses Estimates on Earnings in Fiscal Fourth Quarter

Simulations Plus Inc. on Monday reported a 12 percent gain in revenue for fiscal 2021 and a 3 percent gain in its fiscal fourth quarter.

VALLEY INSIDER

Multiple Anniversaries

Valley leader Marty Cooper gathers friends to celebrate birthday, anniversary.

MannKind Shares Fall 18 Percent on FDA Decision

Shares of MannKind Corp. fell more than 18 percent Monday after the company disclosed a therapy it developed with United Therapeutics Corp. was rejected by the Food and Drug Administration.

From Startup to Growth Mode

Hispanic companies often begin with personal savings and family money, and access to capital persists as a barrier after the initial launch.

Hispanic companies find access to capital a challenge.

VALLEY INSIDER

VCH’s Judi Rose to Retire

Judi Rose retires from Valley Community Healthcare.

Sunland Man Sentenced for Fraudulent PPP Loan

Andranik Amiryan, 42, of Sunland was sentenced last week to 41 months in federal prison for fraudulently obtaining a $650,600 Paycheck Protection Program loan, according to the Justice Department.

AROUND THE VALLEYS

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

Culture as Competitive Advantage

Hispanics represent β€˜the fastest-growing segment of the small business ecosystem.’

Hispanics represent the β€œfastest growing segment of the small business ecosystem,” according to Stanford report.

Unexpected Turn For Car Show

Jeff Munson promoted at American Business Bank’s Valley office.

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.

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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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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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.