How to borrow $4 billion: With financing secure, path is nearly clear for Teledyne/Flir deal
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Buildings in Calabasas, Camarillo sell in busy week for commercial real estate
Back-to-back multi-million commercial real estate sales on the Highway 101 corridor are showing that the market is moving again. The Park Calabasas, an office campus that has been home to Lockheed Martin and Countrywide Financial, sold for $79 million on April 1, and an industrial building in Camarillo sold for $6.5 million the day before. Read More →
Amgen announces $721M acquisition
Amgen reported its second major acquisition of the month, as the Thousand Oaks-based firm announced March 30 that it will acquire Rodeo Therapeutics Corporation, a privately held biotech company based in Seattle. The deal is worth more than $700 million, $55 million of which will be paid upfront, with up to $666 million more in Read More →
House bill gives growers new hope for immigration reform
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International tourists could return to region in fall
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Region’s unemployment down to 6.8% in February
The tri-county region’s unemployment rate dropped more than a half a percentage point between January and February as the region began to emerge from the deadly winter surge of COVID-19 cases. The region’s combined unemployment rate was 6.8% in February, according to Business Times analysis of data released March 26 by the California Employment Development Read More →
Velocity Financial recovers from pandemic with strong fourth quarter
Velocity Financial saw its net income increase slightly from 2019 to 2020, even though the company’s loan production operations were suspended for more than half the year. The Westlake Village-based real estate finance company saw its net income go up 3%, from $17.3 million in 2019 to $17.8 million in 2020, according to earnings released Read More →
