Pasadena-based Heatwurx Announces Letter Of Intent With Promet Therapeutics for Reverse Merger

Published Tuesday, July 7, 2017 | 5:21 am

Heatwurx, Inc., a Pasadena-based company engaged in the development and sale of asphalt and pavement repair equipment, on Monday disclosed a non-binding letter of intent with Promet Therapeutics, LLC, a clinical stage drug developer working on therapies to meet areas of unmet medical need. Promet, based Hanover, Maryland, is a clinical stage biotechnology company that develops drug products to treat patients who have suboptimal or no treatment alternatives. Heatwurx said it has entered into a non-binding Letter of Intent with…

Pasadena Defense Supplier Gets Certification for Barrier to Stop Terrorist Vehicle Attacks on Pedestrians, Crowds

Monday, July 7, 2017 | 5:40 am

image from Meridian Rapid Defense Group One Pasadena company is working to combat the threat of terrorist vehicle…

Tetra Tech Gets FAA Security and Hazardous Materials Support Contract

Friday, July 7, 2017 | 5:15 am

Pasadena-based consulting and engineering firm Tetra Tech has won a $77 million contract with the Federal Aviation Administration’s…

Pasadena-Based Jacobs Completes Merger Transaction with Australian Company

Pasadena-based Jacobs Engineering Group Inc. announced on Thursday that it has completed its merger transaction with Sinclair Knight Merz, a 6,900-person professional services firm headquartered in Australia, in accord with the previously announced terms.

Retail

Community Health Alliance of Pasadena Partners with Ridesharing Service Lyft

Published Thursday, April 4, 2017 | 11:35 am

Community Health Alliance of Pasadena (ChapCare) has announced a new partnership with Lyft, the fastest growing rideshare company in the U.S. The partnership will help provide free or discounted rides…

Community Bank CEO on Reforming Dodd-Frank: Separating the Wheat from the Chaff

Published Friday, March 3, 2017 | 12:41 pm

Since the election, there has been a lot of talk about changing Dodd-Frank, the bill enacted after the 2008 financial crisis designed to prevent a similar economic “meltdown” from occurring.…

Commercial Real Estate

Commercial Real Estate Inventory Nearly Depleted in Pasadena

Published Monday, March 3, 2017 | 5:21 am

Pasadena has seen steady growth in both commercial and residential property values, but the continuing demand especially for commercial rental space has resulted in available space getting hard to come…

Ameron Center in Pasadena Sold to Entity with Ties to Local Developer

Published Tuesday, August 8, 2016 | 12:05 pm

A developer with Pasadena and local area projects to his name is affiliated with an entity that just purchased Pasadena’s Ameron Center. Real estate magazine The Real Deal said Patrick…

Business Briefs

Pasadena-Based Geneva Health Solutions Raises $1.9 Million to Fund Expansion

Published Monday, January 1, 2017 | 3:12 pm

  Geneva Health Solutions (formerly Geneva Healthcare) announced it raised $1.9 million to expand its Cardiac Remote Monitoring Solutions business to cardiology providers to help manage patients with implanted cardiac…

More Certainty in a Clinton Presidency than a Trump Presidency, Says Pasadena-based Investment Advisor

Published Tuesday, November 11, 2016 | 2:53 pm

With a Trump victory, investments could drop solely due to uncertainty, because the consensus is that investors believe there is more known about a Clinton presidency, than a Trump presidency.…

Business Districts

Pasadena-Based Restaurant Robotics Company Gets $3.1 Million Capital Investment

Published Thursday, July 7, 2017 | 8:45 pm

Acacia Research Corp. has infused a $3.1 million investment in Pasadena-based Miso Robotics Inc. and signed an intellectual property agreement with the company to develop and market its robotic kitchen…

Silicon Valley Leaders Meet with California Legislators and Renew Commitment to Diversity

Published Tuesday, June 6, 2017 | 11:09 am

In a meeting with California State Legislators, technology industry leaders vowed to renew their commitment to find diverse technical talent at all levels, from company boards to specialized technical roles.…

Government

City of South Pasadena Celebrates First in Nation Sustainable Golf Course

Published Friday, July 7, 2017 | 8:01 pm

The City of South Pasadena, joined by California State Senator Anthony Portantino, the American Lung Association and environmental organizations, today celebrated the City’s status as the first city in the…

The Week in Pasadena City Government

Published Friday, July 7, 2017 | 5:28 pm

Monday, July 24 Finance Committee Meeting 4:00 p.m. Pasadena City Hall, Council Chambers, Room S249 100 North Garfield Avenue Agenda – http://ww5.cityofpasadena.net/commissions/wp-content/uploads/sites/28/2017/07/2017-07-24-Finance-Committee-Agenda.pdf   City Council Meeting 6:30 p.m. Pasadena City…

Altadenans Discuss Costly Pipeline Which Some Say Would Favor Pasadena

Published Friday, July 7, 2017 | 5:33 am

Altadena residents gathered Thursday evening at the Altadena Community Center for a panel discussion on two Los Angeles County Public Works projects — the contested plan to remove sediment from…

Big Changes Ahead for Upcoming City Elections, Which Could Be Delayed and Run by County Officials

Published Friday, July 7, 2017 | 5:28 am

City Clerk Mark Jomsky (far right) and City Attorney Michele Bagneris (second from right) seen carefully monitoring a recent municipal election vote count in Council Chambers at the Pasadena City…