San Fernando Valley Business Journal

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Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...

Stepping Out

Shoestores part of Cherokee’s move beyond brandsCherokee makes acquisitions as Target contract nears end.

By Champaign Williams January 25, 2016 midnight   $$ Share

Encino Apartment Gets Mortgage

The owners of a new Encino apartment complex refinanced their construction loan into a long-term, fixed-rate loan in a transaction arranged by Jones Lang LaSalle Inc.

Pennymac Postpones Private Offering

PennyMac Financial Services of Moorpark has postponed a previously announced private sale of $300 million in senior notes.

County Unemployment Drops to 9-Year Low

L.A. County’s unemployment rate continued its rapid descent in April, falling to its lowest point in nine years.

American Homes Sets Price for New Offering

Agoura Hills-based American Homes 4 Rent, the country’s largest publicly-traded, single-family home landlord, announced the pricing of a $225 million public offering of preferred stock to be $25 a share.

Electro Rent’s Chief to Step Down After 35 Years

Daniel Greenberg will step down as the longtime chief of Electro Rent Corp. effective in July, it was announced Thursday.

Acquisition Boosts Revenue at American Homes

Single-home renter American Homes 4 Rent saw profit and revenue jump during the first quarter thanks to its purchase of a competitor.

Both PennyMacs Report Sour Quarter

The two PennyMac companies of Moorpark on Thursday reported down quarters.

Mission Valley Bank Reports Record Q1

Mission Valley Bancorp reported record first-quarter profits late Wednesday.

DreamWorks Stock Jumps on Buyout Report

The stock of DreamWorks Animation SKG Inc. soared Wednesday following reports that the Glendale studio had attracted the interest of Comcast Corp.

Avery Dennison Reports Merger, Earnings Surprise

Avery Dennison Corp. on Wednesday announced first quarter earnings that beat expectations as well as an acquisition of a European company with Beverly Hills-based Platinum Equity.

On Assignment Beats Expectations

On Assignment Inc. on Wednesday announced first quarter earnings that beat analysts’ expectations.

Cheesecake Factory Beats the Street

The Cheesecake Factory Inc. on Wednesday reported first-quarter earnings that beat expectations.

NetSol Installs Software for U.K. Financier

NetSol Technologies Inc. has completed a major installation of its financing and leasing software for Aldermore Asset Finance in the United Kingdom.

CrowdGather Debt Swap Opens Door to Equity Finance

Calabasas seller of advertising space on cannabis forums CrowdGather Inc. said it is undergoing a corporate restructuring that includes an agreement with its creditor allowing it to obtain equity financing.

Bank Appoints Manager for Valley Region

First Banks Inc. has appointed a regional manager for its Central Coast and San Fernando Valley locations, the bank announced earlier this week.