San Fernando Valley Business Journal

Children's Hospital to Take Nestle Space

Children's Hospital Los Angeles has agreed to lease a portion of Nestle USA’s former office space in Glendale, where the food company is the majority tenant, the health care provider confirmed in an email to the Business Journal.

Public Storage Reports Solid Quarter, Adds Board Member

Public Storage, the Glendale self-storage-focused real estate investment trust, reported earnings, a quarterly dividend and a new board member in its most recent financials report.

Tutor Perini Falls Short of Revenue Estimate

Sylmar construction firm Tutor Perini Corp. (TPC) met analyst expectations on quarterly and full-year earnings but had mixed results on revenues.

LTC Beats Estimates

Earnings and revenue for health care facility landlord LTC Properties Inc. exceeded Wall Street expectations for the fourth quarter and the full year.

Business Events Calendar

Business Events throughout the Valleys.

Cheesecake Reports Rising Sales

The Cheesecake Factory Inc. reported its 28th straight quarter of increasing comparable sales data on Wednesday.

Tutor Perini to Build Saudi Air Base

Tutor Perini Corp. has won an $80 million design-build contract from the U.S. Air Force to design and construct facilities for the Royal Saudi Air Force.

PS Business Parks Reports Strong Quarter

Glendale real estate investment trust PS Business Parks Inc. outperformed Wall Street’s estimates on quarterly and yearly earnings.

AwesomenessTV CEO Steps Down

Brian Robbins is stepping down as chief executive of AwesomenessTV, the multi-channel media company that is part of Glendale-based DreamWorks Animation, according to media reports.

B. Riley in $160 Million Merger

B. Riley Financial announced Tuesday it will merge with FBR & Co in a $160 million transaction.

Cherokee Names New Board Members

Cherokee Inc. has named two retail industry executives to its board of directors, the Sherman Oaks brand management firm announced on Tuesday.

MannKind Gains $16.7 Million From Building Sale

MannKind Corp. on Tuesday announced it has received the remaining $16.7 million after closing the sale of some of its former real estate at 28901-28903 N. Avenue Paine in Valencia.

Crednology Company Signs E-Waste Contract

A subsidiary of Crednology Holding Corp. entered into an agreement with a Conejo Valley school district to provide e-waste collection services.

Cast & Crew Expand Burbank Footprint

Cast & Crew Entertainment Services has leased an additional 20,000 square feet at its Burbank headquarters, according to commercial real estate firm Savills Studley.

Wilk Sponsors Bill to Combine Water Agencies

State Senator Scott Wilk has introduced legislation to consolidate the two water agencies serving the Santa Clarita Valley.

Oxnard Apartment Complex Sold for $22 Million

An Oxnard apartment complex on Channel Island Harbor has sold for more than $22 million, according to CoStar Group Inc.

DineEquity CEO Resigns

DineEquity Inc. Chief Executive Julia Stewart will step down from her role effective March 1, the Glendale restaurant group announced Friday.

City Files Nuisance Complaint Against Palmdale Inn

The city of Palmdale has filed a nuisance complaint against the Palmdale Inn and its owner, citing health, safety and criminal codes violations at the business.

BYD to Install Streetlights in Lancaster

The Lancaster City Council voted on Tuesday to give a $2.9 million contract to BYD Energy to transition its streetlights to LEDs by the end of the year.

Entertainment Accounting Firms Merge

Bernstein Business Management Group will join Armanino LLP, an independent accounting and business consultancy effective March 1.

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