California firm

A California company has licensed potent anti-measles antibodies from Vanderbilt Health to develop them for clinical testing. The agreement moves laboratory research on measles-fighting antibodies toward potential treatments, at a time when measles cases have been resurging in parts of the United States and abroad and health officials are pressing for stronger tools to prevent and treat outbreaks.

Businesses are being urged to prepare for the onset of El Niño, the climate pattern that can bring heavier rainfall and disruptive weather to Southern California and beyond. The advisory calls on companies to assess risks from potential flooding, supply chain disruption and property damage before conditions worsen. Details on who issued the warning and what specific steps firms should take remain limited.

The comment period has closed on California's Office of Health Care Affordability's proposed emergency regulations, which would expand reporting requirements for health care transactions involving private equity firms, hedge funds, and management services organizations. The rules would require more disclosure of financial backers behind deals in the state's health care market. Stakeholders in health care and investment communities are weighing the impact on deal activity and oversight.

HGGC is a private equity firm based in Palo Alto, California, that invests in middle-market companies, with a particular focus on technology and services businesses. The firm pursues buyouts and growth investments in mid-sized companies across these sectors, positioning itself as an active investor in the middle-market technology and services space.

Burns & McDonnell has appointed Shane Flanagan to support its life sciences and technology design and construction work in California. The announcement indicates the engineering firm is expanding its team in a state with heavy demand for lab and advanced technology facilities. Flanagan's remit will cover design and construction efforts for clients in those fast-growing sectors.

Private equity real estate firm Sterling Organization has acquired a portfolio of grocery-anchored retail centers totaling 277,057 square feet across California and Hawaii. The deal adds supermarket-anchored properties to the firm's holdings, a segment investors often favor for steady traffic and resilience. Terms of the transaction were not disclosed.

Marcus & Millichap has arranged the $7 million sale of a retail center in San Jose, California. The commercial real estate brokerage announced the transaction, which adds to recent deal activity in the Bay Area retail property market. The buyer and seller were identified in the firm's announcement, and the sale reflects continued interest in neighborhood retail assets despite broader market uncertainty.