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After Spinoff, Internet Firm Shrinks Footprint

Real Estate: United Online will downsize its offices now FTD sale is complete.

United Online Inc. wants to get back to its roots.

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Supply Software Clicks for Clients

TECHNOLOGY: Procurement firm secures $4 million in funding.

Venture capitalists gave Vroozi $4 million to develop procurement software.

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Solar Panel Maker Shuts Camarillo Production Line

SolarWorld USA on Friday announced it will shut down its Camarillo solar panel production line this month and move the work to a newer and larger manufacturing facility in Oregon.

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Briefs: Exelis, Bank of Santa Clarita, United Online

Exelis receives Saudi contract. Bank of Santa Clarita reports earnings. United Online appoints board member.

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Hot Pockets Not So Hot as Nestlé USA Cuts Jobs

FOOD: Layoffs, Hispanic marketing campaign aim to keep company competitive.

Nestle USA lays off 103 local workers as frozen food business declines

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Area Shopping Centers Sell for $27 Million

Demonstrating investors’ continued appetite for well-located retail properties, two local shopping centers – one in Oxnard and one in Palmdale – have changed hands in separate transactions totaling nearly $27 million.

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Asian Manufacturers in Antelope Valley Reach Milestones

Two Asian transportation companies that recently built manufacturing plants in the Antelope Valley reported major progress this week fulfilling orders from the Los Angeles County Metropolitan Transportation Authority.

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Chinese Investment Firm Pays Nearly $46 Million for Valencia Apartments

Gemdale USA has closed a deal in Santa Clarita Valley to buy The Madison apartments at Westfield Valencia Town Center for $45.9 million, or more than $353,000 per unit, according to Costar Group.

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CrowdGather Buys Social-Gaming Firm

CrowdGather Inc., an operator of online forums, announced on Monday that is has acquired a social-gaming company for $5 million.

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Real Estate Quarterly

Major deals in Valley region during quarter.

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Disney Online Reports Jump in Web Site Traffic

More than 19 million people visited Disney Web sites in March, a 44 percent increase over last year.

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Around the Valleys

New and notes from around the greater San Fernando Valley

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PS Business Parks Announces Public Offering

Glendale-based PS Business Parks, Inc. announced the pricing of a public offering of 3 million shares common stock at $46.50 per share. Net proceeds will total approximately $133.4 million after underwriting discounts and commissions and estimated offerin

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Online Service Brings Restaurant Ordering to Next Level

Technology: Program allows diners to order from multiple restaurants.

RESTAURANT: The Next Idea is developing a new website and online food ordering service for restaurants that rewards customers for their business

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Starbucks Brews Fund to Help Small Business Thrive

finance: VEDC receives grant from money donated at coffee chain’s stores.

banking & finance: Starbucks donation program helps local businesses

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Nestle, Entertainment Companies Top Lessees in Valley

Location: Burbank leads the Valley area with greatest number of largest leased offices.

A look at the largest leased office space in the greater Valley area. Includes the 2011 SFV'S LARGEST LEASED OFFICE SPACE list for download (pdf)

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Briefs: Amgen, Tix, Research Solutions

"Say on Pay" approved by Amgen shareholders. Ticket sales down at Tix Corp. Research Solutions awaits Nasdaq listing.

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Playboy Partner In Ballot Battle

Film: Burbank’s Manwin leads fight against condom measure.

FILM: Playboy Enterprises’ more hardcore associate Manwin USA is bankrolling the opposition to a county condom initiative.

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Chevron to Buy Local Independent Stations

Thousand Oaks-based independent fuel retailer USA Petroleum Corp. plans to sell 122 of its California gas stations to the oil industry giant Chevron USA Inc. for an undisclosed sum.

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NEWSMAKERS - Pelley Named President at Glendale Memorial

Businesspeople and businesses in the news, on the move...