Stories for May 1997

Thursday, May 1

Adlist

Wilshire Boulevard has become the local equivalent of Madison Avenue, with nearly every nationally recognized advertising agency concentrated on or near the boulevard. As a result, few people recognize that the San Fernando Valley has an advertising indus

Valley Digest add

March sales of existing homes in the San Fernando Valley were up 25 percent over the like period a year ago, and at their highest point in eight years, according to the San Fernando Valley Association of Realtors.

Jazz

When Big Bad Voodoo Daddy, Jeff Lorber, Les Brown and His Band of Renown and others take the stage at Lake Balboa this month, it will be the culmination of 18 months of work by Martin Cooper with a little help from his corporate friends.

Secession

An Assembly bill to remove the Los Angeles City Council's right to veto a citywide vote on San Fernando Valley secession moved a step closer to approval late last month.

Honda

Since David Honda was first elected chairman of the Valley Economic Development Center's board five years ago, the non-profit organization has gone from having virtually no assets and a negative monthly cash flow of $20,000 to $8 million in assets and a p

Trikon

Cramming more transistors onto ever-smaller silicon real estate is the overarching goal of computer chip makers.

Newsmakers

GlenFed Brokerage Services, a subsidiary of Glendale Federal Bank, has appointed Ruth Ann Page as a retirement specialist. She will oversee the development of employee retirement plans for small- and medium-sized businesses.

Persfi

The tax legislation signed into law by President Clinton in 1996 includes several provisions that affect Individual Retirement Account (IRA) distributions.

Bugle

Reflecting a growing national trend, Bugle Boy Industries Inc. has launched an aggressive bid to enter the school uniform market.

Flywheel

After more than a decade of trying, researchers at a Newbury Park company say they've developed a commercially viable flywheel for storing energy that could dramatically reduce dependence on chemical-based batteries.

Econowatch

The Valley industrial real estate market reached a major milestone in the first quarter of 1997, as vacancy rates in all four of the area's submarkets finished in the single digits for the first time in several years.

Valley Digest

Plans have been announced for the development of a 250,000-square-foot shopping center at Glendale Boulevard and California Avenue, on the site of the former Glendale Fashion Center.

Retail

L.A.'s economic rebound has sparked a flurry of retail development in the northern San Fernando Valley the first such activity in almost a decade.

Valley Edit

Burbank Airport is an antiquated, overcrowded facility that's in desperate need of expansion and renovation. That was true 10 years ago and it's even more apparent today.

Valley Talk

One of the newest and most unusual citizens of San Fernando is "Jodie," a rare, eight-month-old Siberian tiger cub who is taking up residence at the Wildlife Way Station, a refuge for wild and exotic animals located in the city.

Pascal

NORTHRIDGE Supporters of the $25 million University MarketCenter project at Devonshire Downs envision a gleaming upscale mall filled with shoppers and students from neighboring Cal State Northridge.

Fasttrack

Ricon Corp. recently received what its management considers the seal of approval from the State of California.

Forum

California State University, Northridge is planning to develop a 20-acre, 20,000-square-foot shopping mall on a vacant piece of north campus land at Devonshire Downs. Under current plans, the mall would be built and run by a private developer, with some r

RE Column

A 50-percent ownership interest in one of the Valley's most recognizable and most valuable office towers has quietly traded hands.

Valley Smallbiz

Local apparel manufacturers have been hit with a series of challenges in recent years including the 1994 Northridge quake and the minimum wage hike that forced many to change the way they do business.