CALIFORNIA — From an increase in brick-and-mortar store closures to a 7-bed condemned house selling for under $1 million, a lot is going on in California business news this week.
This week, Sony Pictures became the first major Hollywood studio in 75 years to buy a movie theater chain. Auditors warned one Southern California city might lose up to $301 million as the state transitions away from crude oil production.
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Check out the highlights of this week in California business news on Patch:
Store Closures Surge In CA: See List Of Retailers Shutting Doors
An increase in store closures over last year comes in part as the industry adjusts to a shift in consumer shopping to online outlets.
Condemned 7-Bed House Sold For $700K In San Jose
The colorful home that currently sits on the lot will have to be significantly overhauled or rebuilt.
Oil Revenue Decline Could Impact…
