Large multifamily property in Simi nets $95M in sale
The Landing at Arroyo, a 212-unit multifamily property in Simi Valley, was sold for $95 million on Aug. 29. The sale was announced by Simi Valley-based Institutional Property Advisors, a division of Marcus & Millichap. With the $95 million price tag, each unit sold and was worth $448,113. The property is located between California State Read More →
CLU interim president says ‘hard decisions’ likely coming
While California Lutheran University’s finances remain strong, some “hard decisions” are likely coming, John Nunes, the institution’s new interim president, told the Business Times Aug. 29. “We’re looking at some of the numbers and we see that the numbers in some cases are not heading in the direction that we want,” Nunes, who started his Read More →
Fruit fly quarantines end in east Ventura County
The California Department of Food and Agriculture has declared an end to Mediterranean and Queensland fruit fly quarantines in Southern California, including parts of east Ventura County. The action comes following the eradication of the two invasive species, the department announced Aug. 6. In Ventura County, the nine-month-old quarantine had encompassed areas around Thousand Oaks, Read More →
Thousand Oaks biotech company appoints CEO
Latigo Biotherapeutics, a clinical-stage biotech company based in Thousand Oaks, announced that it has appointed Nima Farzan to be its CEO. Announced July 22, Farzan brings a “strong track record” with more than two decades of leadership experience in the biopharmaceutical industry. Farzan is also Latigo’s first CEO as he replaces Desmond Padhi, operating partner Read More →
Conejo Valley biotech’s passage to India
Ventura County Supervisor Jeff Gorell is leading a delegation of regional biotech executives to India next month to explore growth opportunities and promote the county as a prime destination for life sciences innovation. Gorell told the Business Times July 15 that he has been in talks for months with former Los Angeles Mayor Eric Garcetti, now the Read More →
Reagan Library hasn’t returned to pre-pandemic peak
The Ronald Reagan Presidential Library and Museum in Simi Valley remains the biggest tourism draw in Ventura County, but attendance still hasn’t fully recovered from the pandemic. “Museums just aren’t that pre-pandemic level,” library spokeswoman Melissa Giller told the Business Times at a July 12 tourism program put on by the Greater Conejo Valley Chamber of Commerce Read More →
Amgen’s game-changing lung cancer treatment gains FDA approval
Thousand Oaks-based Amgen has received approval from the U.S. Food and Drug Administration for its treatment, Imdelltra, which is used on adult patients with extensive-stage small cell lung cancer with disease progression on or after platinum-based chemotherapy. Announced May 16, Amgen said in a press release that Imdelltra has received accelerated approval based on “encouraging Read More →
