San Fernando Valley Business Journal

In Midst of Buyout, ReachLocal Improves

In what may be its final earnings report as a stand-alone company, ReachLocal on Friday announced a second-quarter net loss that was much narrower than a year ago.

Home Sales? Through the Roof

More single-family homes sold in the San Fernando Valley in June than in any June in four years, according to the Southland Regional Association of Realtors Inc.

Business Events Calendar

Business Events throughout the Valleys.

San Fernando Industrial Building Sold for $7.6 Million

L.A.-based industrial real estate investor Rexford Industrial Realty Inc. has added a nearly 60,000-square-foot industrial building to its Valley portfolio.

Talon Names Chief Strategy Officer

Talon International, Inc. announced the appointment of a new chief strategy officer on Thursday.

Earnings: Public Storage, Second Sight

Public Storage misses expectations; Second Sight reports a loss.

Anthem Loosens Rules for Sand Fire Victims

Health insurer Anthem Blue Cross has implemented temporary revised medical and pharmacy guidelines for policyholders affected by the Sand wildfire in Santa Clarita, the company announced Wednesday.

Amgen Beats Expectations

Amgen Inc. on Wednesday reported second-quarter financial results, exceeding Wall Street’s expectations.

Earnings: On Assignment, Avery Dennison, PS Business Parks

Revenue increased 25 percent at On Assignment, shares of Avery Dennison gain, and PS Business Parks missed expectations.

Frustration Boils Up at Minimum Wage Workshop

Frustration, or perhaps desperation, broke into the open Tuesday afternoon when city and county officials tried to explain new minimum wage ordinances to Valley-area business operators who said they were exasperated with the suddenness, complications and expense of the new rules.

Former Van Nuys Hotel Site Sold

The site of the former Voyager Motor Inn in Van Nuys has been sold to an apartment developer, according to New York commercial real estate brokerage Berkadia.

Web Security Firm Acquires MaxCDN

Content delivery network MaxCDN of Studio City has been acquired by web security startup StackPath, the company announced Sunday.

TouchCommerce Acquired for $215 Million

Customer service software developer TouchCommerce has been acquired by Nuance Communications Inc. in a deal valued at $215 million, the companies announced.

Fund Pays $58 Million for Valencia Shopping Center

A shopping center in Valencia has changed hands for $58 million, a nearly 43 percent increase over what it sold for five years ago.

Wildfire Consumes 33,000 Acres in Santa Clarita

A wildfire that broke out along the northbound 14 Freeway near Sand Canyon has charred more than 33,000 acres of the Santa Clarita Valley since Friday, officials said at a press conference Monday morning. It remains only 10 percent contained.

Future California Adventure Ride Based on ‘Guardians’

Walt Disney Co. is replacing its Twilight Zone Tower of Terror attraction with one based on characters from its 2014 hit film, “Guardians of the Galaxy.”

Sherman Oaks Apartment Sold for $8.6 Million

A Sherman Oaks apartment building has sold for $8.55 million following an upgrade, according to L.A.-based Re/Max Commercial & Investment Realty.

OPI’s 11-Acre Manufacturing Campus Available for Lease

Commercial real estate brokerage NAI Capital Inc. in Encino said it has secured the listing for OPI Products Inc.’s massive manufacturing campus of in North Hollywood.

College of the Canyons Names Workforce Development VP

College of the Canyons has appointed a new vice president of economic and business development.

County Unemployment Drops to 4.8 Percent

L.A. County’s unemployment rate fell to 4.8 percent in June, the lowest it’s been since January 2007, according to figures released Friday. In May, the seasonally adjusted rate was 4.9 percent.

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