San Fernando Valley Business Journal

Leak Stops, Loans Start at Porter Ranch

The gas leak that has been plaguing Porter Ranch for almost four months has been temporarily stopped, Southern California Gas Company announced Thursday.

Software Firm’s Strong Growth

Calabasas software firm NetSol Technologies reported a significant increase in net revenues in its 2016 fiscal second quarter, which the company attributes to growth in its services.

Towering Price for Office Building

An office building in Woodland Hills has sold for $4.7 million.

Blackline in the Black

Woodland Hills financial software developer Blackline Systems Inc. added nearly 400 new clients last year.

Business Events Calendar

Business Events throughout the Valleys.

Toluca Lake Condo Complex Sells for $14.7 Million

A 21-unit condominium complex in Toluca Lake has sold for $14.7 million in a deal handled by real estate investment services firm Marcus & Millichap Inc.

Tutor Perini Lands Condo Contract

A Sylmar construction company has been contracted to build a luxury residential tower in Florida.

Van Nuys Industrial Park Fetches $8.8 Million

Encino real estate brokerage NAI Capital has completed the sale of a multi-tenant industrial park in Van Nuys for $8.8 million in an all-cash transaction.

‘Star Wars’ Boosts Disney Earnings

Walt Disney Co. significantly beat Wall Street expectations for the fiscal first quarter primarily on the back of “Star Wars: The Force Awakens.”

Second Sight Expands into South America

Second Sight Medical Products Inc. announced on Tuesday that it has entered into an exclusive agreement with cochlear implant distributor Tecnosalud in Buenos Aires to bring its Argus II Retinal Prosthesis System to South America.

It’s Pedal to Metal for Disney’s Accelerator

Walt Disney Co. is looking for tech startups to participate in its third Disney Accelerator program. The Burbank entertainment and media giant started the program in 2014 to provide fledgling companies access to company executives, entertainment industry leaders and venture capitalists.

Gas-Leak Refugees Get Some Relief

Southern California Gas Co. announced Monday it has reached a new agreement with the city to extend the time allotted for displaced Porter Ranch residents to return home once the Aliso Canyon gas leak has been resolved.

Agoura Hills Business Park Sells for $21 Million

An Agoura Hills business park has changed hands for $21 million and the new owners plan significant upgrades to attract tenants.

Princess Appoints Captain for Chinese Ship

Princess Cruises has named Capt. Dino Sagani the master of Majestic Princess, the company’s first vessel built for the Chinese market.

Teledyne Beats Forecasts But Remains Cautious

Teledyne Technologies beat Wall Street estimates on revenue and earnings for the fourth quarter, the company announced Thursday.

PennyMac Financial Reports Healthy Quarter

Mortgage lender PennyMac Financial Services Inc. in Moorpark reported boosts in revenue and profit for its final 2015 quarter and the full year.

Studio City Office Sells for $7 Million

Real estate investment and management firm Siegel Group Nevada has sold its Studio City location for $7 million to the Nasa Group of Los Angeles, citing high demand for the property.

Wesco Income Increases Despite Revenue Decline

Wesco Aircraft Holdings Inc. narrowly beat analyst expectations on adjusted earnings but fell short on matching revenue in the fiscal first quarter, it was announced Thursday.

Avery Soars on Strong Quarterly Report

Avery Dennison Corp. beat Wall Street expectations on adjusted earning and revenue for the fourth quarter, it was announced Wednesday.

Capstone Beats Street on Losses

Capstone Turbine Corp. beat analyst estimates on its earnings for the fiscal third quarter while just missing on revenue.

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