Stories for September 2011

Friday, September 30

Glendale Adventist Medical Center Names New CEO

Glendale Adventist Medical Center, the 457-bed hospital serving the Glendale area, named Kevin Roberts, 52, as CEO. He will assume the position Dec. 5.

VEDC receives Treasury Department funds to support small businesses

The Valley Economic Development Center said Friday it has received $661,000 from the Treasury Department to lend to small businesses.

Image Entertainment launches new faith-based label

Image Entertainment Inc. recently announced it will launch a new label focusing on faith-based titles.

Quallion Battery Launches on Satellite

The U.S. Navy launched a satellite powered by a battery made by Sylmar-based manufacturer Quallion LLC.

Thursday, September 29

Former Northridge Hospital On Sherman Way Sells For Nearly $15 million

With eyes toward developing an apartment project, the Sherman Oaks real estate investment firm IMT Capital LLC has purchased the former Northridge Valley Hospital campus for nearly $15 million, according to the brokerage firm that handled the deal.

Pratt & Whitney Rocketdyne Contributing to Solar Project

Pratt & Whitney Rockedyne is providing components for a 110-megawatt solar project planned for the Nevada desert.

THQ Inc. Gets Credit From Wells Fargo

Video game publisher THQ Inc. will borrow up to $75 million after entering into a credit agreement with Wells Fargo Capital Finance LLC.

Tuesday, September 27

LA City Council Unanimously Passes New Storm Water Rules

The Los Angeles City Council passed new storm water management rules for the building community Tuesday, gaining backing, or at least no objections, from some development groups that have fretted over possible cost increases.

Trio-Tech Narrows Loss for Fiscal Year

Trio-Tech International of Van-Nuys posted a net loss for the fiscal year ending June 30 on decreased sales of semiconductor test equipment, the company announced.

ReachLocal Increases its Presence in National and International Markets

Woodland Hills-based ReachLocal, Inc. is expanding its sales force in the United States and overseas.

Palmdale Sales Tax Revenues Continue to Rise

The City of Palmdale collected $3.8 million in gross sales tax receipts during the second quarter, an 8.75 percent increase over a year ago.

Glendale Adventist Wins Joint Commission Gold Seal of Approval

Glendale Adventist Medical Center’s has earned the national Joint Commission's Gold Seal of Approval for its knee and hip replacement program.

Monday, September 26

Valley Ad Network to Increase Workforce by 30 Percent

Due to the upswing in ad sales, Sherman Oaks-based Advertise.com plans to expand its workforce by 30 percent over the next two quarters.

Real Estate Organization Airs Educational Videos on YouTube

The AIR Commercial Real Estate Association, based in Los Angeles, is now using YouTube to help professionals better understand its commercial real estate forms.

Acquisition Adds Westlake Village Branch to Royal Business Bank

Royal Business Bank completed its acquisition of Ventura County Business Bank on Sept. 23, adding two branches, including one in Westlake Village.

Improper Labels Lead to PROLAB Nutrition Recall

Chatsworth-based PROLAB Nutrition, Inc. recently recalled some of its products that may contain wheat and gluten allergens.

The Family Connection: NAI Capital

Family Members at this Commercial Real Estate Firm Respect Boundaries, Seal Deals Together

Real Estate: Family ties have helped NAI Capital prosper

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Coupon Clutter? Not In This Handy Wallet

Nancy Kremin turned a class project into a business serving the budget conscious.

INNOVATION: Valley mom invents a product that capitalizes on the art of couponing

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Local Event Planner Changes Tactics, Reaps Rewards

Innovation: Local firm managing event space, handling social media event campaigns.

Events: Planning company rebounds from recession with new selling strategy.

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Twin Plummers Look to Double Profits

Duo credits hiring of consultant for the addition of out-of-state locations.

Twin brothers trade in acting for careers in plumbing

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THE LIST: Largest Family-Owned Businesses

EXECUTIVE SUMMARY / THE PACESETTER

Companies serving the greater San Fernando Valley region ranked by total number of employee. Includes the SFVBJ's LARGEST FAMILY-OWNED BUSINESSES list for download (pdf)

Building Muscle

expansion: Baños Brothers plan to pump up their franchise development plans for Gold’s Gym Los Angeles.

FITNESS: Brothers plan to turn gym franchise into a fitness empire.

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Being a Family Business Doesn’t Mean Being Small

Size: In the Valley area some family-owned firms provided jobs to hundreds of employees.

Family-owned businesses discuss strategies for growth. Includes the SFVBJ's LARGEST FAMILY-OWNED BUSINESSES list for download (pdf)

Valencia Firm Master of Product Placement Domain

GROWTH: Domain Partners Group expands outside of region, launches new services.

Entertainment: Valencia company specializes in placement deals for the entertainment industry

Family Still Sending a Valentine to the Metropolitan

Autos: Collectors of 1950s Nash model keep NoHo parts supplier, museum in gear.

Automotive: Metropolitan Pit Stop continues to attract fans of the classic car

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The Lessons Learned From Focus on Family

FROM THE NEWSROOM

Editors Column by Jaclyn Giovis

Manufacturers Benefit from Commercial Jet Programs

Aerospace: Defense cuts will mean less work for military.

Manufacturing: Aerospace companies discuss recent boom in the market

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VALLEY STOCK WATCH - September 26, 2011

Stock activity for 50 selected greater San Fernando Valley-based public companies.

VALLEY BIZ SEEN September 26, 2011

Family Business Awards

Photographs of recent business-related events in the valleys, including parties, awards dinners, benefits and other celebrations.

Valley Area Family Businesses Showing Growth

Business: Fourteen family-owned companies demonstrate significant growth, leadership.

2011 Honorees: The 14 award winners are profiled

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Family Business Awards 2011 Nominees

The following companies were nominated for the Family Business Awards presented by the Business Journal.

Online Dining Reviews Urge Changes; Steak Knives, Please

Restaurants: Owners accept critics’ advice, dish back.

Family-owned eateries react to feedback from online critics

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New Generation

Family Businesses Transform with New Leaders

Young generation of leaders bring new ideas and methods to family businesses

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Insurance Companies Find Mettle Rests in the Family

Insurance: One Valley company fights off acquisitions, another grows through them.

Local insurance agencies like to keep it in the family.

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Succession Plans Part Art, Part War

STRATEGY: Family businesses need a formal plan, few have them.

The story of Hydra-Electric illustrates the challenge of succession planning

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The Gump Generation

Temporary site services firm passes from father to son to daughter.

PROFILE: Temporary site services firm passes from father to son to daughter.

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Cultural Ties Bring Family Businesses Closer Together

DIVERSITY: Three Valley companies illustrate intersection of family, culture and business.

Three culturally diverse businesses share their stories

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Sales of Family Businesses Expected to Take Off

Finances: As Baby Boom generation nears retirement, a sale is one way to raise money.

Industry experts explain why some family businesses choose to sell out

REM Eyewear Launches New E-Commerce Website

Technology: Family’s youngest leads Sun Valley firm to new online presence.

Eyewear company launches new e-commerce website.

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ORLY CEO Paints Bright Future of Independence

BEAUTY: Van Nuys nail products company gets regular buyout offers.

Nail care company chooses expansion over consolidation

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Cheap Sleep

There have been many changes to how Larry Miller operates Sit ‘n Sleep - but his budget price pledge still holds.

Entrepreneur: Sit ‘N Sleep is one of the largest mattress retailers in the state

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Aerospace Firm Expands Output

MANUFACTURING: Pacoima company adds space, equipment.

Aerospace manufacturer grows its operations in an effort to diversify customer base

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Wednesday, September 14

Valley Engine Maker Giving Lift to New NASA Rocket

Pratt & Whitney Rocketdyne will supply the main engine and upper stage engine for the new rocket proposed by NASA to take humans on deep space missions.

Monday, September 12

Mama’s Recipes

Madelyn Alfano serves up traditional Italian meals.

Q&A: Madelyn Alfano of Maria’s Italian Kitchen.

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Ponderings and Predictions

Questions & Answers of Community Bankers

Local community banks sound off on topics surrounding the industry. The Changing Face of Community Banks

Biotech Group Rebrands to Attract Life Science Firms

BIOTECH: BioTech Forum changes name to Bio Science Alliance, applies to be nonprofit.

Biotech organization gets new name, tweaks strategy

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OneWest Bank, FSB Tops Regional Banking List

Banks: this year’s List combines community, regional banks serving Valley area.

LIST STORY: The 2011 list combines community & regional banks. The Changing Face of Community Banks. Includes the 2011 SFV'S Community & Regional Banks Serving the Valley list for download (pdf)

Banking On Trust

Community banks try to win clients with service, not size.

BANKING: The Changing Face of Community Banks. Community banks fight to compete with national banks.

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Area Builders to Face New Storm?

Real estate: Proposed storm water rule may hurt development.

City officials contemplate new storm water regulations.

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NetJets Lands New Terminal

AVIATION: Berkshire Hathaway firm inks Van Nuys lease agreement.

NetJets signs lease for Van Nuys Airport terminal.

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Production Halts at SolarWorld USA

MANUFACTURING: Camarillo work impacted by China competition.

SolarWorld plans to shut down Camarillo production line.

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AAA Recognizes Local Resort as a Four ‘Diamond’ Property

The Westlake Village Inn received award for superior guest service.

Westlake hotel recieves award

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New Law Firm Moves to Glendale

New space offers firm savings and efficiency.

Pasadena law firm sets up shop in Glendale

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University opens wallet for Jobseekers

School will pay first month’s salary to local businesses hiring grads.

Local university reimburses businesses that hire recent graduates

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Glendale Hospital Uses Facebook to Recruit New Employees

Cash incentives given for referrals of hires.

Glendale hospital uses social media to recruit employees.

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Prepared to Pack

Labor: Supermarket chains and union workers still negotiating on new contract; 90 percent of union members give leaders approval to call for a strike.

Grocery: Local grocers prepare for a possible strike

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Farmers Insurance Moves Office to Woodland Hills

Insurance: Company increases its visibility in the greater Los Angeles region.

Farmers Insurance moves to new Woodland Hills location

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The Clean-Up Crew

Ernie Gutierrez and Allied Industries - enemies to asbestos, lead-based paints and mold.

ENTREPRENEUR: Allied Industries offers environmental remediation services.

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Consolidation Creates Opportunities for Local Banks

STRATEGY: Scarcity of capital, new business models send banks into mergers.

Consolidation creates opportunity for local banks. The Changing Face of Community Banks

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Credit Unions Benefit as Consumers Spurn Big Banks

List: Burbank-based Lockheed Federal takes top honors.

Local credit unions discuss strategies for growth. The Changing Face of Community Banks. Includes the 2011 SFV'S LARGEST CREDIT UNIONS list for download (pdf)

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EXECUTIVE SUMMARY / THE PACESETTER - National Banks serving the Valley

The List, Ranked by assets as of June 30, 2011

About the Lists - National Banks serving the Valley. The Changing Face of Community Banks. Includes the 2011 SFV'S National Banks Serving the Valley list for download (pdf)

Blue Shield Grant Benefits Uninsured Residents at Clinic

Funds: Foundation gives $50,000 for use at three centers.

Giving: Santa Clarita collects 2,500 pounds of food during summer food drive

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‘Panda’ Kicks Open Door to Online Chinese Market

Digital: DreamWorks Animation signs first deal for Internet distribution in China.

ENTERTAINMENT: DreamWorks extends online reach to China

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Can the Valley Elect the Right People to Drive the Bus?

GUEST COLUMN

Commentary by Brendan Huffman, co-host of Off The Presses on LATalkRadio.com

Solar Industry Has a lot of Shine Left

FROM THE NEWSROOM

Commentary by SFVBJ Editor, Jaclyn Giovis

AROUND THE VALLEYS

News and notes from around the greater San Fernando Valley area

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VALLEY BIZ SEEN September 12, 2011

Photographs of recent business-related events in the valleys, including parties, awards dinners, benefits and other celebrations.

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EXECUTIVE SUMMARY / THE PACESETTER - Community & Regional Banks Serving the VAlley

The List, Ranked by assets as of June 30, 2011

Community and regional banks: Largest area banks. Includes the 2011 SFV'S Community & Regional Banks Serving the Valley list for download (pdf).

EXECUTIVE SUMMARY / THE PACESETTER - Largest Credit Unions

The List, Ranked by assets as of June 30, 2011

Local credit unions discuss strategies for growth. The Changing Face of Community Banks. Includes the 2011 SFV'S LARGEST CREDIT UNIONS list for download (pdf)

Los Robles Hospital Opens Imaging Center at Medical Plaza

Health care: New center aims to fill community need and serve about 3,000 visits per year.

Thousand Oaks hospital opens a new imaging center in Moorpark.

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Occupancy, Room Rates at Valley Area Hotels Improve

Tourism: Hotels benefit from Los Angeles convention business, more travel activtiy.

Valley hotels are making a comeback.

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City National Opens Dialogue with Valley Businesses

Banking: Bank develops new advisory board to better serve region’s business owners.

Bank recruits business owners for new advisory board

No Protection For Employees Who Disclose Wrongdoing to the Media

EMPLOYMENT LAW Column

A federal appeals court has ruled that the anti-retaliation provision found in the corporate governance law known as the Sarbanes-Oxley Act (“SOX”) does not protect employees who disclose potential legal violations to the media.

Friday, September 9

NetJets Signs Lease for Terminal At Van Nuys Airport

NetJets, the nation’s largest business aircraft operator, will occupy a new terminal building now under construction at Van Nuys Airport.

Friday, September 2

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.

National Technical Acquires Lightning Protection Test Firm

National Technical Systems Inc. added to its commercial aerospace business with the $6 million acquisition of Lightning Technologies Inc.

Thursday, September 1

Cinedigm Digital Sells Advertising Division

Cinedigm Digital Cinema sold its cinema advertising division to Screenvision, a move that gives Screenvision coverage in the Southern and Midwestern markets.