SFV BUSINESS JOURNAL DAILY NEWS

After Strong Q2, Marcus & Millichap Sees 'Challenging' Months Ahead

Marcus & Millichap reported higher-than-expected results for the second quarter on both net income and revenue.

Tutor Perini Reaches Record Backlog of $8.7 Billion

Tutor Perini Corp. achieved a record backlog of contracts worth $8.7 billion during the second quarter, with higher-than-expected net income and lower revenue, the company announced Tuesday.

HGTV Buys ‘Brady Bunch’ House in NoHo

Discovery Inc.’s HGTV network has outbid ‘N Sync singer Lance Bass for the Studio City house that served as the exterior for the home in the popular 1970s sitcom “The Brady Bunch.”

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Two Moorpark Housing Developments Slowed

A pair of unrelated housing projects in Moorpark garnered City Council approval last fall with the promise of bringing 379 units of much-needed housing online in Ventura County. However, neither project has advanced much, according to a Moorpark Acorn report.

Americas United Bank Acquired

The Bank of Southern California, based in San Diego, has completed its previously announced acquisition of Americas United Bank in Glendale.

Local Doctor Stops Cancer in Canine

A Los Angeles-based biotechnology company led by a primary care physician who runs a clinic in the San Fernando Valley announced Monday that its investigational drug has eliminated all signs of cancer in a pet dog.

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Cherokee Stock Doubles After Refinancing

Shares of Cherokee Inc. shot up more than 100 percent Monday after the Sherman Oaks-based apparel licensing company announced it has refinanced its debt with a $40 million-dollar loan.

VEDC’s CEO Leaves Amid Other Changes

The Valley Economic Development Center on Monday said its chief executive has left, the third person to vacate that post in less than two years.

California Resources Reports Loss of $82 million

California Resources Corp. reported a worse-than-expected quarterly loss of $82 million, or $1.70 a share, the Chatsworth oil and gas company announced Thursday.

Tutor Perini Subsidiary Wins Burbank Water Line Tunnel Project

Los Angeles County Department of Water and Power identified Tutor Perini Corp., the Sylmar construction company, as the low bidder for a $121 million contract to build a tunnel in Burbank.

MannKind Stock Falls 23 Percent After Earnings

Shares of MannKind Corp. plummeted more than 20 percent Friday, a day after the company released second-quarter financial results that missed Wall Street estimates for revenue.

Preview: MGM Buyout Could Fix Tix

Discount ticket vendor in talks with hotelier.

Preview: New Normal Office

Coworking locations have proliferated in the Valley region.

Public Storage Drops Despite Quarterly Results

Public Storage shares slumped Thursday despite better-than-expected results for the second quarter.

Panorama City Hospital Names Chief Administrator

Kaiser Permanente Panorama City announced Thursday that it has appointed Kathy Kigerl as chief administrative officer.

InVia Robotics Secures $20 Million in Expansion Capital

InVia Robotics announced on Thursday it received $20 million in a Series B funding round, bringing its total funding to about $29 million.

Earnings: Teledyne, BlackLine, Wesco

Teledyne Technologies, BlackLine and Wesco Aircraft all beat analyst expectations for the second quarter.

Aerospace Vet Joins Aerojet Rocketdyne

The former president of Pratt & Whitney Rocketdyne has been appointed senior vice president of the space business unit of Aerojet Rocketdyne.

Cheesecake Miss Prompts Stock Selloff

Shares of Cheesecake Factory Inc. dropped more than 12 percent on Wednesday, a day after the company reported second-quarter earnings that failed to meet Wall Street estimates.

Valencia Glove Maker Expanding into Big Space

Mechanix Wear Inc. will soon expand into one of the largest commercial developments in the Santa Clarita Valley, according to a CoStar Group report.