SFV BUSINESS JOURNAL DAILY NEWS

Capstone Comes Up Short on Quarterly Revenue, Net Income

Capstone Turbine Corp. missed Wall Street estimates on earnings and revenue in the fiscal third quarter.

Former Sunkist Headquarters in Sherman Oaks Wins Redevelopment Approval

Developer IMT Capital’s mixed-use re-imagining of the former Sunkist headquarters in Sherman Oaks has secured approval from Los Angeles City Council’s Planning and Land Use Management Committee.

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Real Estate Brokerage NAI Capital Files for Chapter 11

NAI Capital has filed for Chapter 11 in a move to reorganize the company.

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Princess Ship Quarantined for Coronavirus Outbreak

Princess Cruises has quarantined its Diamond Princess ship in the port of Yokohama, Japan, after Japanese officials found several guests tested positive for Coronavirus.

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George’s Greek Grill Signs First Valley Lease in Sherman Oaks

George’s Greek Grill has leased 3,105 square feet at the Sherman Oaks Galleria in Sherman Oaks, marking the regional chain’s first San Fernando Valley restaurant.

Semtech Sensors Detect Fires, Grow Houses on Electricity Grid

Semtech Corp. has developed a smart energy consumption system to detect abnormal spikes in energy usage in city substations.

Disney Revenue Jumps 36 Percent in Fiscal First Quarter

Walt Disney Co. beat Wall Street expectations on adjusted earnings and matched on revenue for the fiscal first quarter.

Adventist Health to Outsource 60 Jobs

Adventist Health in Glendale and Simi Valley will eliminate certain in-house facility staff positions in favor of hiring Chicago-based commercial real estate services firm Jones Lange LaSalle Inc.

Simulations Plus to Develop Software to Study Heart Failure

Dilisym Services, a Simulations Plus company based in North Carolina, on Tuesday announced new software in development to treat heart failure.

NoHo Hosts $5.7 Million Sale of Industrial Building

The multi-tenant industrial building at 13026 Saticoy St. in North Hollywood has sold for $5.7 million.

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LBI Media Renamed Estrella Media

LBI Media has rebranded itself as Estrella Media effective immediately, the company announced Monday.

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Record Passenger Count at Hollywood Burbank Airport in 2019

Hollywood Burbank Airport handled nearly 6 million passengers during 2019, the highest total ever recorded at the Valley’s only commercial airfield.

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Developer Seeks Industrial to Office Conversions in Glendale

A developer wants to convert four Tri-Cities industrial buildings into leasable office space, according to an environmental impact report filed with the city of Glendale.

33-unit Apartment Complex in Burbank Sells for $10.9 Million

Scott Road Terrace Apartments, a 33-unit multifamily property in Burbank, sold for $10.9 million, according to brokerage Marcus & Millichap Inc. in Calabasas.

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Preview: Real Estate 2020

Business Journal takes crystal ball approach to commercial markets.

Preview: Nissan Accused of Double-Dealing on Car Lot

Did Carlos Ghosn and allies deflate price?

Arcutis Biotherapeutics Launches IPO on Nasdaq

Westlake Village-based Arcutis Biotherapeutics debuted on the Nasdaq Friday with its shares gaining more than 28 percent on its first day of trading.

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Amgen Beats Expectations Despite Lower Revenue

Amgen Inc. announced fourth-quarter results that beat Wall Street expectations.

Industrial Portfolio in Van Nuys, Santa Clarita Sells For $15.3 Million

A portfolio of three industrial buildings in Van Nuys and Santa Clarita totaling 91,248 square feet has sold for $15.3 million.

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Cedars-Sinai Opening New Valley Offices

Cedars-Sinai Medical Center will unveil what it is calling its flagship medical offices in the San Fernando Valley this evening, with media tours and remarks from executives.