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Entertainment Fund Buys Headquarters for $10 Million

An entertainment fund has purchased a Valley Village office building that will become the group’s headquarters.

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Bioelectronic Startup Gets $27 Million Jolt In Funding Round

Biomedical: A $27 million investment will help SetPoint Medical treat arthritis with electricity.

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Home Sales Rise, Prices Stabilize

Southern California home sales inched to a five-year high for September as prices have begun to stabilize, according to a report released Monday.

July Home Sales Slow

Home sales in Southern California fell to their lowest number for a July in three years, as affordability issues and weak supply slowed the market, according to a report released Wednesday by real estate data firm DataQuick.

Too Little of A Good Thing

Finance: Second Sight smash IPO may have been underpriced.

Finance: Second Sight took a low view when pricing shares for its initial public offering.

Burbank High Rise Sells for $109 Million

Worthe Real Estate Group is under contract to buy the nearly vacant Tower Burbank for $109 million, a significant discount to when it last traded hands, the Los Angeles Business Journal reported on Friday.

Ryland Revenues Rise 61 Percent

Ryland Group Inc. on Tuesday announced net income that beat analysts’ expectations as the home-buying market continues to surge.

PennyMac Reaches $550 Million Funding Deal

PennyMac Mortgage Investment Trust has entered into an agreement with Bank of America to fund up to $550 million in new mortgages.

Big Bang Theory at Play in Core San Fernando Valley Market

Submarket Reports: Major trends and deals during the quarter. San Fernando Valley

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Report: Guitar Center May Be Sold

Ares Management LLC, a Los Angeles investment advisor, is in talks to buy Guitar Center Holdings Inc. from its private equity owners, according to a media report on Tuesday

Kissing Sisters At PennyMac

Finance: Affiliated Moorpark firms fail to excite investors.

Finance: It’s been about a year since PennyMac Financial Services went public, and the stock has been underwhelming.

Simi Industrial Building Fetches $4 Million

A company that manufactures and distributes wood flooring has purchased a corporate headquarters in Simi Valley for nearly $4 million.

Dole Suspends Share Repurchases

Shares of Dole Food Co. Inc. fell nearly 6 percent on Tuesday after the fresh vegetable and fruit company dropped a share buy-back plan and will instead use the money to modernize its shipping fleet.

Tallest Valley Office Tower Sells for $420 Million

media: Comcast purchase of 35-story building called a sign of market strength.

Media: The tallest building in the Valley sells for $420 million.

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Rising Market Squeezes Firm

Real Estate: American Homes posts loss as housing recovers.

Real Estate: Will the business model of American Homes 4 Rent make money long term?

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PS Business Parks Buys $60 Million Complex

PS Business Parks Inc. announced this week the purchase of the Bayshore Corporate Center in San Mateo for $60.5 million.

Burbank Council Rattles Cages with Canine Ban

Pets: City joins trend to stop sale of dogs from so-called ‘puppy mills.’

Peggy Wood’s Pet Emporium has been known as the place to buy puppies in Burbank.

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Simulations Plus Acquires Competitor

Simulations Plus Inc. announced on Thursday a $7 million acquisition of a New York company that helps drug makers seek approval for their products.

Bank of America's Countrywide to Pay $1.3 Billion

The Countrywide Financial mortgage lender unit owned by Bank of America has been ordered to pay $1.3 billion in damages for selling thousands of defective loans.

Van Nuys LA Fitness Fetches $23 Million

The 53,000 square-foot LA Fitness in Van Nuys has traded hands for about $23.5 million.