LA FINANCE

Movers for Week Ending March 10, 2017

MRV Communications was this week’s biggest mover, gaining 36 percent to end at $10.15. Puma Biotechnology was also among the week’s biggest movers. The Los Angeles pharmaceutical company gained 19 percent to end at $40.05. Culver City-based healthcare company NantHealth was the week’s biggest loser, dropping 40 percent to end at $4.33.

Market Known for Rental Properties Moves into Condo Projects

Diving in Downtown

Condo projects have come knocking downtown, a market traditionally targeted for rentals.

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Measure S Fallout Continues to Develop in City

REAL ESTATE: The controversial initiative’s backers find silver linings.

Measure S failed to pass, but its impact is expected to be felt for years to come.

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Study Says USC Responsible for $8 Billion Impact on California Economy

An independently conducted study commissioned by USC found that the university spurs $8 billion in economic activity in California every year.

Southland Air Regulators Approve Tougher Emission Rules

Local air quality regulators on Friday adopted a sweeping air emission reduction plan that cracks down on industrial polluters, especially local oil refineries. In a separate action, the regulators also enacted a new rule to limit emissions from metal finishing plants, which until now have been mostly exempt from regulation.

Glendale Credit Union Completes Merger

California Credit Union has merged with North Island Credit Union to serve Los Angeles and San Diego counties.

Workers in Silicon Beach Find Coast Costly

HOUSING: Playa Vista units prove pricey despite high pay.

Playa Vista’s pricey units reside outside the reach of many of those employed in the community.

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Investors in Chain Get More Servings of Bad News

DINING: Dim sales forecast, another executive departure batter stock of DineEquity.

DineEquity Inc.’s woes aren’t over.

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Snap Prices Shares at $17 for Thursday’s IPO

Despite questions about slowing user growth and a $500 million loss on its 2016 balance sheet, Snap Inc. priced its initial public offering at $17 a share Wednesday, a day before it starts trading on the New York Stock Exchange.

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DineEquity Share Price Plunges as Applebee’s Sales Expected to Continue Decline

Restaurant company DineEquity Inc.’s share price plunged today with the announcement that the company expects sales at Applebee’s Neighborhood Grill & Bar to continue their decline this year.

Movers for Week Ending February 24, 2017

Nova Lifestyle Inc. of Commerce was this week’s biggest mover, gaining 79 percent to end at $2.26. Ares Management was also among the week’s biggest movers. The Los Angeles global alternative asset manager gained 10 percent to end at $23.25. Marina del Rey inflight entertainment company Global Eagle Entertainment Inc. was the week’s biggest loser, dropping 31 percent to end at $4.32.

State Law Unlocks Secondary-Dwelling Options for Homeowners

Knock Knock

Homeowners make room for secondary dwellings under a more lenient California law.

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New Partnership Opens Doors for Real Estate Investor

With property valuations hitting highs not seen since before the Great Recession, Brentwood real estate investment firm Partners Capital decided 18 months ago to do something a little different: bet on debt.

Developer Moves on $75 Million Apartment Deal

SALE: CityView originally pictured Wilmington project as condos before recession.

Developer and investment management firm CityView has sold a Wilmington apartment complex it built last year to Redfern Family Trust for $75 million, according to public records.

L.A. Times-Parent Tronc Reports Yearly Profit Despite Revenue Drop

Tronc Inc., the parent company of the Los Angeles Times and Chicago Tribune, reported a profit of roughly $6.5 million (19 cents a share) in 2016 compared to a loss of $2.8 million (-11 cents a share) the year before.