Briefly In Business

DineEquity shares fall on lower profits

Glendale-based DineEquity Inc., parent company of Applebee’s and Glendale-based IHOP restaurant chains, reported lower quarterly profits last week. Its shares fell as much as 13%, the company reported.

The company has been struggling with declining sales, and it does not expect a significant improvement this year, the company said. DineEquity has been paying down debt and selling restaurants to franchisees as it tries to turn around its Applebee’s business.

PS Business Parks ready to be buyers

Glendale-based PS Business Parks Inc. is poised to buy two buildings in Vienna, Va.

The buildings, dubbed Tycon and Tycon 2, will be purchased from The JBG Companies, a Maryland-based developer, the company reported.

The property is expected to be sold to PS Business Parks for about $34.5 million.

PS Business Parks Inc. specializes in leasing commercial multi-tenant office and industrial space throughout the United States.

Olympic athlete launches clothing line

Olympic champion Nastia Liukin has started a new clothing line, Supergirl by Nastia.

Supergirl by Nastia is available at JCPenney stores nationwide. To promote the launch, Liukin will go on a five-city tour. She will visit the JCPenney store in the Glendale Galleria on Aug. 21.

The line is described as “affordable apparel that encourages a message of empowerment, creativity, strength, intelligence and independence.”

The collection was created for girls 4 to 12 years old.