Senior-Care Property Gets Bridge Loan
Jones Lang LaSalle Inc. Capital Markets sourced and arranged $43.2 million in bank bridge financing for Varenita of Westlake, an 86-unit assisted-living and memory-care community located in Westlake Village. JLL represented the borrower, Westlake Senior Living Center LLC, to secure the five-year loan from a West Coast regional bank. The financing was needed to replace […]
Atara Gets FDA Nod to Submit Data
Thousand Oaks-based Atara Biotherapeutics has reached an agreement with the federal Food and Drug Administration that clears the way for the company to submit to the agency clinical trial data for its drug to treat a rare blood cancer. Atara has developed a drug platform comprised of a type of immune cell known as a […]
Restaurant Takes Show On the Road
The Cheesecake Factory Inc., one of the most recognizable casual dining chains in the country, has deployed its top executives across investor conferences this year to reiterate its confidence amid market concerns about the chain’s shaky status with customers. Most recently, the Calabasas-based restaurant sent president David Gordon and chief financial officer Matthew Clark to […]
Nonprofit’s $2M Grant to Aid Public Teachers
A Los Angeles-based community development nonprofit is expanding its footprint in the San Fernando Valley. New Economics for Women received a $2 million grant from Assemblymember Jesse Gabriel to contribute to a mixed-use development with affordable housing units above a commercial ground floor that will house the organization’s Women’s Business Center. The grant, awarded in […]
Zest Expands Its Roster of Risk Products
ZestFinance Inc. continues to expand its product suite as institutions across the country look for more accurate risk forecasters in a turbulent economy. The company unveiled Zest Portfolio Management on Sept. 12. It’s a tool the company said is able to analyze millions of customers’ credit data and issue quarterly reports, giving credit unions greater […]
Tutor Perini Wins $47M Contract
A subsidiary of Tutor Perini Corp. has been awarded a $47 million contract to construct the Marjory Stoneman Douglas Visitor Center at Everglades National Park in Florida. The contract given to Perini Management Services Inc. includes the construction of a new two-story visitor center, a one-story remote concessions and storage building, underground utilities and major […]
A Tower Debuts
The opening of the Friese Family Tower at the Providence Cedars-Sinai Tarzana Medical Center is just around the corner. Ahead of the planned Oct. 1 opening, the tower held a friends and family preview on Aug. 26 to celebrate the tower, which has an expanded emergency department, 150 private patient rooms and advanced-care offerings including […]
MPulse’s Tech Has Medicaid in Mind
Since April 1, millions of low-income Americans have been thrown off the rolls of Medicaid, the government-sponsored health plan for the poor, as Covid-era protections expired and people were required to re-enroll or lose their coverage. And according to a study from the Kaiser Family Foundation, nearly three-fourths of those taken off the rolls so […]
Farmers Lays Off 369 at HQ as Sector Retrenches
The recent decision by Farmers Insurance to cut 11% of its workforce may have been a shock to those who were handed pink slips. For those who follow insurance from the outside, it was probably a long time coming for the increasingly challenged industry. The Woodland Hills-based insurance giant said it was responding to the current state […]
Glendale Tech Week to Feature Job Fair and Panels
The Glendale Tech Week, now in its eighth year, kicks off on Sept. 12. The three-day event serves as a platform for tech companies and startups to showcase their ideas and products during a series of panel discussions and presentations. The event is an initiative led by the City of Glendale’s Economic Development Division and […]