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3 days ago | 
valley.labusinessjournal.com | Zane Hill
Newcastle Towers, a 66-unit apartment complex in Encino, sold for $14.8 million. It represents the largest multifamily sale to take place in the San Fernando Valley this year, in terms of sales price as of March, according to CoStar Group Inc. Spanning 71,800 square feet at 5415 Newcastle Ave., Newcastle Towers is a multi-courtyard property built in 1964. It features 66 market-rate apartment units and boasts a communal pool.
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3 days ago | 
valley.labusinessjournal.com | Zane Hill
At just a few years shy of 100, Radford Studio Center in Studio City is one of the oldest studios in Los Angeles. The 22-stage campus has been home to hundreds of productions – including major sitcoms such as “Seinfeld,” “The Mary Tyler Moore Show” and “That ’70s Show” – but, with its tenure, comes a series of aging complications, too.
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3 days ago | 
valley.labusinessjournal.com | Zane Hill
In an era when many hospitals are closing or cutting services, Antelope Valley Medical Center in Lancaster is in full expansion mode. The largest hospital in the Antelope Valley, with 420 licensed beds, has continually been adding offerings to serve the region’s growing population, even as it nears a financing package for a $1.1 billion replacement hospital that could break ground before the end of this year.
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3 days ago | 
valley.labusinessjournal.com | Zane Hill
It’s no secret that the secondhand clothing market has skyrocketed lately, especially in Southern California. Just think about every time you’ve complimented someone on a particularly charming item and how often you hear, “Thanks, I thrifted it.”The United States secondhand market has grown 117% since 2018, according to research from Capital One, which also estimates that the market will climb to $59 billion this year compared to $27 billion in 2020.
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3 days ago | 
valley.labusinessjournal.com | Zane Hill
Valencia-based Avita Medical Inc. is expanding its unique approach to treating burns and wounds: taking skin cells harvested from other areas of the body and spraying them onto the impacted skin. Over the last couple of years, Avita has won U.S. Food and Drug Administration approvals for variations on its device that takes skin cell samples and stretches them out so they can be sprayed on to burns and wounds.
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3 days ago | 
valley.labusinessjournal.com | Zane Hill
Todd Nathanson is the founder and president of Woodland Hills-based illi Commercial Real Estate, a commercial brokerage, property management and investment advisory service firm specializing in multitenant, triple net leased commercial real estate. Nathanson sat down with the Business Journal at Los Toros Mexican Restaurant in Chatsworth for a Power Lunch to discuss his career and the real estate market. How did you first get interested in real estate? My grandfather immigrated from China.
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3 days ago | 
valley.labusinessjournal.com | Zane Hill
Michael Lucarelli is the chief executive of Sherman Oaks-based RentSpree, an online rental application services company he co-founded with Paul Sirisuphang in 2016. Here, Lucarelli discusses a mistake he made early in his career of looking for outside capital too early. “When I founded RentSpree in 2016 in Los Angeles, I was driven by a clear vision: to revolutionize the rental process and empower real estate professionals with seamless tenant screening.
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3 days ago | 
valley.labusinessjournal.com | Zane Hill
Armine Galstyan is the principal of SmartGateVC, a venture capital fund that invests in early-stage artificial intelligence companies. It runs an accelerator program called Hero House in Glendale, which Galstyan serves as the managing director of. 1: Galstyan has been interested in AI for a long time. She says she learned about the sector while in college at the American University of Armenia. Her interest in AI is what brought her to SmartGate VC.
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3 days ago | 
valley.labusinessjournal.com | Zane Hill
What is an entrepreneur? Michael Panesis looked it up when he was tapped to run Hub101, a coworking space for tech founders in Westlake Village. The word is derived from a French word meaning “to undertake,” which atthe time referred to sailors who risked monthsat sea to explore new worlds and find fortune. By that definition, Hub101 has lived up to its goals – though not in the way it intended to.
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3 days ago | 
labusinessjournal.com | Zane Hill
Stax Engineering and U.K. startup Seabound hope that the solution for in-port emissions capture may lie in their partnership. In a joint demonstration last week, Stax provided one of its proprietary barges designed to absorb particulate matter and nitrogen oxides, while Seabound attached its own equipment that absorbs carbon dioxide.
