Stories for October 2018
Wednesday, October 31
In a memo to staff and agents, Charles Dunn Co. Inc. gave notice Wednesday that the company’s brokerage business was folding.
Edison International on Tuesday revealed that an internal investigation found that its Southern California Edison utility equipment was “associated with” one of the ignition points of the massive Thomas Fire.
The Los Angeles City Attorney’s office is seeking injunctions against two electronic cigarette companies in the San Fernando Valley for illegal sale of vaping products online without proper age verification.
Shares of Amgen Inc. gained nearly 2 percent the day after the biotech reported third-quarter earnings, while Dine Brands Global Inc. shares gained nearly 2 percent after the company reported sales gains for its Applebee’s restaurant chain.
Former California Lutheran University President Mark Mathews died over the weekend at the age of 92, the school announced Wednesday.
Tuesday, October 30
A top team of Colliers International brokers has joined NAI Capital.
Limoneira Co. has launched two new seasonal packaging campaigns to nationwide retailers, the Santa Paula agribusiness company announced Tuesday.
Online legal services company LegalZoom.com Inc. has added a new member to its board as part of an investment from a Silicon Valley firm.
Monday, October 29
IHOP has unveiled a holiday menu based on Universal Pictures’ new film “The Grinch,” the restaurant’s Glendale-based parent company Dine Brands Global Inc. announced Monday.
Urban Fulfillment Services LLC is closing its Westlake Village operations, resulting in the elimination of 85 jobs.
Sun Hill Properties Inc., owner of the Hilton Los Angeles/Universal City, have unveiled revised plans for construction of an additional tower to the hotel adjacent to the Universal Studios theme park.
REAL ESTATE: Eclectic mix of individual tenants at Valley Country Mart.
New stores open at Woodland Hills shopping center.
CINEMA: Organizers to debut one-day movie market early next year.
Valley Film Festival moves into distribution.
Irishman John Parker settled in the Valley for the business opportunity – and he has no regrets.
Canoga Park contractor talks immigrant experience.
BIOTECH: Westlake Village startup’s shares gain 78 percent so far this year.
Investors buy into Atara’s T-Cell technology.
The real estate, insurance and entertainment industries collide in Billy Wilder’s movie “Double Indemnity,” which turns 75 in 2019.
TECHNOLOGY: Retailer offers quick pickup of online orders in Lancaster.
Walmart introduces pickup in Lancaster.
All 7.8 billion people on this planet want affordable, scalable, reliable electricity.
From playrooms to boardrooms, landlords roll out the amenities
Valley landlords offer office amenities.
LIST: Membership up at region’s largest institutions.
Logix moves headquarters to Valencia.
APPAREL: Licensing model to contend with fickle fashions.
Cherokee returns to licensing model.
NONPROFITS: Organization with Valley heritage heads north.
A lot of businesses use franchising to expand their reach but rarely has a nonprofit business association tried it – until now.
I live in one of those very suburban neighborhoods that was built for kids.
Brokers see low vacancy, neighborhood selectivity at Valley shopping centers.
Brokers bullish on Valley shopping centers.
Friday, October 26
Even though the U.S. economy keeps humming along and soon may record the longest expansion in modern history, “there are signs of a slowdown,” an economist reported Friday morning at a business forecast conference in Universal City.
While a Keurig machine that perks a hot cup of coffee from pods of Starbucks’ Veranda Blend is nice, that perk is just the beginning in today’s market, as the workplace experience has become a high priority.
After two years of disappointing losses, apparel company Cherokee Inc. is doubling down on what made the business successful in the first place.
Calling the San Fernando Valley a place of “doers, dreamers and innovators,” Los Angeles Mayor Eric Garcetti laid out to area business leaders Friday afternoon how his administration is creating opportunity.
Thursday, October 25
The city of Santa Clarita held its annual State of the City address Thursday at the Hyatt Regency Valencia, and it was no doubt the first such banquet function to come with its own historical coloring book.
Blue Microphones won an Emmy award for its Mix-Fi studio headphones, the first time any set of headphones has received that honor.
Shares of ASGN Inc. jumped nearly 13 percent Thursday after the Calabasas staffing company reported better-than-expected quarterly earnings of $49.2 million.
Nearly 400 business, political and non-profit chiefs attended the 19th annual Justice Armand Arabian Leaders in Public Service Awards luncheon on Thursday, although it was the first without the former California Supreme Court Justice after whom the awards are named.
Wednesday, October 24
Many Valley-area companies got caught up in the plummeting stock markets on Wednesday.
Representatives from seven businesses at Van Nuys Airport on Wednesday unveiled commitments to solar energy at the San Fernando Valley airfield.
Teledyne Technologies Inc. announced late Tuesday that its longtime leader, Robert Mehrabian, will step down as chief executive and take on the position of executive chairman effective Jan. 1.
California Lutheran University announced Wednesday that it has received $6 million – the largest single gift in its history.
Tuesday, October 23
A World War II-style airplane crashed Tuesday afternoon on the 101 Freeway in Agoura Hills.
Cast & Crew has acquired Checks & Balances Payroll Inc., a payroll services firm to the live theater industry.
Shares Avery Dennison Corp. fell nearly 5 percent Tuesday after the Glendale packaging and labeling company reported worse-than-expected quarterly earnings.
Second Sight Medical Products Inc. has entered into a stock purchase agreement with Gregg Williams, chairman of the company’s board for the purchase of nearly 2.5 million shares which will yield $4 million in proceeds to the company.
Monday, October 22
Westlake Medical Plaza in Thousand Oaks has sold for $5.6 million, or $260 per square foot, according to CoStar Group.
The U.S. Food and Drug Administration has issued a warning letter to MannKind Corp. for sharing a misleading post about the company’s drug Afrezza on its Facebook page.
California Resources Corp. has formed a joint venture with a San Diego energy company for development of the largest dry gas field in the state.
Friday, October 19
Warner Center Marriott in Woodland Hills has been sold for an undisclosed price to HEI Hotels and Resorts, according to a Valley Vantage report.
Longtime indoor skateboard park and museum SkateLab will close after a 21-year run in Simi Valley following a falling out between its founders in early October, according to a Ventura Star report.
The Ventura County Board of Supervisors has given initial approval for a developer to build four new hangars at Camarillo Airport.
Thursday, October 18
Sir Richard Branson has suspended discussions with Saudi Arabia on that country’s investment in Virgin Galactic over the disappearance of journalist Jamal Khashoggi.
Walt Disney Co. announced that several executives of 21st Century Fox will join its studio entertainment management team assuming the Burbank company’s deal to acquire 21st Century Fox closes.
Amgen Inc. has invested $66 million in United Kingdom-based gene analysis company Oxford Nanopore, the Thousand Oaks biotech announced Thursday.
Capstone Turbine Corp. and Argonne National Laboratory have received funding from the Department of Energy to adapt the lab’s thermal energy storage system for use in manufacturing applications, the company announced Thursday.
Wednesday, October 17
ImmunoCellular Therapeutics Ltd. has decided to voluntarily delist its shares from the New York Stock Exchange and to significantly curtail its operations, the Calabasas biotechnology firm announced Monday.
Limoneira Co. will partner with two homebuilders to construct the first homes at the company’s Harvest at Limoneira project.
Construction has officially begun in Santa Clarita on Laemmle Newhall 7, an upscale movie theater at the corner of Main Street and Lyons Avenue, on what has become known locally as the Redevelopment Block in Old Town Newhall.
Tuesday, October 16
Shares of MannKind Corp. jumped more than 16 percent Tuesday after the Westlake Village biotech finalized a previously announced agreement with United Therapeutics Corp. to develop an inhalable drug to treat a form of hypertension.
Coldwell Banker Residential Brokerage has opened a new office in Calabasas headed by Branch Manager Steven Heravi.
On-location film, television and commercial production increased by 3 percent in the third quarter, led by feature film production, according to figures released Tuesday by FilmL.A.
Dole Food Co. has updated its logo as part of an effort to “refresh” its brand identity, the Westlake Village produce company announced Monday.
Monday, October 15
Lief Organics has leased nearly 112,000 square feet at a newly renovated Rexford Industrial facility in Valencia for its corporate headquarters, manufacturing plant and distribution center.
Research Solutions Inc., a company that provides academic articles to research organizations, has submitted a symbol reservation as a first step to list its shares on the Nasdaq, the company announced Monday.
Commercial real estate broker Bill Boyd and several members of his Glendale office at Charles Dunn Co. have joined the Seattle-based brokerage Kidder Mathews.
When most people think about voting, they think that their vote for president is the most important vote they can give.
RESIDENTIAL: Population set to expand with new units in Santa Clarita and L.A.
Economist gives midyear regional report.
Social: Remember ‘Brady Bunch?’ Mayor says Valley still bastion of middle class.
Mayor Eric Garcetti talks about middle class.
Besides namesake prize, new Impact and International awards were given at event that pays tribute to volunteerism
Bill Allen wins 60th annual Fernando Award.
TECHNOLOGY: Program seeks to grow employment base through entrepreneurship.
Burbank Tech Talks plans more events this year.
Management: David Phelps hopes to bring Hollywood productions to the Valley.
New chief executive at Sherman Oaks Chamber.
When he’s not working at his family’s business or his own private plastic surgery practice, Dr. Peter Grossman runs a foundation to provide health care to burn victims.
Peter Grossman of the Grossman Burn Center.
NONPROFIT: Seven civic leaders honored at Valley’s annual public service recognition.
Winners of the Armand Arabian award.
restaurants: Shares of chain operator drift lower after 30 percent pop.
Bright future for Dine Brands Global.
Paul Orfalea speaks at Cal Lutheran event for entrepreneurs.
Kinko’s founder talks business at Cal Lutheran.
LIST: Facilities seek donors to make up shortfall.
Senior living facilities face a cash shortage.
REAL ESTATE: Trade groups, companies oppose rent control.
Business groups oppose expanding rent control.
MARKETING: Joe Molina built JMPR on luxury brands.
Joseph Molina sells Woodland Hills PR firm.
Westfield Topanga renovation part of larger Warner Center strategy
A $70 million renovation of Westfield's Topanga Mall is one part of the company's plan for its centers in Woodland Hills, which have total sales of $1 billion.
Friday, October 12
Los Angeles County Metropolitan Transportation Authority broke ground on a project to improve bus speeds and safety on the Orange Line busway in the San Fernando Valley.
Robin Choi has been named regional bank president to lead Wells Fargo in the San Fernando Valley, effective Oct. 22.
Bank of Santa Clarita’s third-quarter earnings totaled $914,000, representing a 71 percent growth year-over-year, the company announced Thursday.
Thursday, October 11
More than 500 military veterans were expected to participate Thursday in the Valley Economic Alliance’s annual Hero Hired Veteran Job and Resource Fair at Los Angeles Valley College in Valley Glen.
Los Angeles City Councilman Mitch Englander will step down at the end of the year to join live sports and entertainment company Oak View Group as executive vice president of government affairs, Englander announced Thursday.
State Farm Mutual Automobile Insurance Co. is closing its office in Westlake Village at the end of next month, resulting in the loss of 69 jobs.
Lancaster City Manager Mark Bozigian will retire from the job effective at the end of the year.
Wednesday, October 10
A proposed mixed-use apartment building would replace an existing commercial building in Panorama City, according to plans filed Oct. 4 with the city of Los Angeles.
GRB Entertainment has rebranded itself and has promoted several executives as part of the reorganization.
The Valley area’s technology and biotech companies were among the hardest hit, reflecting a rough day for tech stocks at large.
Tuesday, October 9
B. Riley FBR Inc. has hired Richard NeJame as senior managing director of the firm’s corporate restructuring division, the company announced Tuesday.
An 11,880-square-foot warehouse in Woodland Hills has traded hands for $4.2 million, or $350 per square foot, and the new owners want to convert the distribution center into multifamily housing, according to brokerage NAI Capital.
Accounting software developer BlackLine Inc. has created a joint venture to sells its accounting and financial software in Japan.
Monday, October 8
Walt Disney Co. has announced a new organizational structure for its broadcast and cable businesses assuming its deal to acquire 21st Century Fox closes.
Marcus & Millichap Inc. has acquired Canadian real estate firm Primecorp Commercial Realty Inc., the Calabasas brokerage announced Monday.
Los Angeles County Economic Development Corp. Chief Executive Bill Allen won the 2018 Fernando Award at a ceremony on Saturday night.
The California Labor Commissioner’s Office has cited three Southern California restaurants for more than $1 million in wage theft violations, with the heaviest fine on a North Hollywood-based Thai restaurant. Labor Commissioner Julie Su ordered Sanamluang Cafe to pay nine workers $708,457 in lost wages and break period restitution.
Friday, October 5
Los Angeles Mayor Eric Garcetti addressed the economics of the middle class and the 2028 Olympics in his keynote speech at the 14th Annual Richard Leyner Mayor’s Luncheon on Friday in Woodland Hills.
Semi-private air carrier JetSuiteX will begin ski season service between Hollywood Burbank Airport and Mammoth Lakes starting in December.
Eyenuk Inc., a Woodland Hills company that uses artificial technology to screen for diabetic complications in the eyes, will expand its service to a diabetes treatment center in Germany.
Thursday, October 4
JMPR, the Woodland Hills-based public relations agency that specializes in high-end automotive and luxury brands, has been acquired by imre, an integrated marketing agency in Baltimore.
A subsidiary of Teledyne Technologies Inc. has received a $7 million contract from the National Oceanic and Atmospheric Administration to provide equipment used in the study of the krill population in Antarctica.
Saalex Solutions Inc. has received a $5.7 million contract from the U.S. Navy to support the Navy Munitions Command Pacific CONUS West Division.
Wednesday, October 3
Kaiser Permanente has reached a tentative labor agreement with an alliance of union health care workers in eight states and Washington, D.C. that includes more than 30,000 workers in Southern California.
An incoming 7-Eleven store on a neglected parcel across the street from Thousand Oaks High School has raised the ire of some residents in the bedroom community.
Anchor Loans, the hard-money lender for the house-flipping industry, has named Bill Kontgis as its chief technology officer.
Northrop Grumman has received a $171 million contract from the U.S. Navy to continue production on its advanced anti-radiation guided missile system.
Tuesday, October 2
Burbank-headquartered Alexander Henry Fabrics Inc. has purchased a local warehouse for $4.3 million, or $287 per square foot, according to NAI Capital, which helped broker the sale.
City Attorney Mike Feuer has reached a settlement with a San Fernando Valley home care provider that allegedly failed to pay its employees minimum wage and overtime.
The Sherman Oaks Chamber of Commerce has hired David Phelps to replace outgoing Chief Executive Vicki Nussbaum, who announced her departure last month.
American Airlines is bringing back daily service between Hollywood Burbank Airport and Dallas Fort Worth International Airport starting in the spring.
Monday, October 1
Land Development & Associates has revived a long-dormant project in North Hills.
Carillon Apartment Homes, a class A, 264-unit multifamily property in Woodland Hills, has sold for $93 million or $352,272 per unit.
Capstone Turbine Corp. received orders for five microturbines for multiple industrial facilities in Mexico. The company’s stock jumped on Monday.
Rana Ghadban, president and chief executive of the Simi Valley Chamber of Commerce, will step down Nov. 28 to lead the Hollywood Chamber of Commerce.
AUTOMOTIVE: Canadian manufacturer opens first Solo showroom in Studio City.
Dealership for Solo electric cars in Studio City.
$80,000 - Cost for Club Seat license at LA Rams games in 2020
Los Angeles Rams set prices for season tickets.
Marketer promotes local mechanics with discount package.
Businessman promotes local mechanics.
LIST: Firms find ways to stand out in competitive sector.
Real estate pros find ways to grow.
ACQUISITION: Saban plans to capitalize on filming uptick.
ACQUISITION: Saban plans to capitalize on filming uptick.
Hilton pays $50 million for Dole headquarters in Westlake Village
Hilton Foundation buys Dole Food Co. headquarters.
construction: Rising tourism leads to new building, facelifts.
Firms specializing in hotel renovations have plenty of projects lined up.
Those of us who live in the San Fernando Valley know firsthand the frustration caused by sitting in traffic and driving on roadways and bridges that need repairs or replacement.
It’s dispiriting to see business improvement districts attacked by an academic group in league with a homeless advocate.
News and notes from the greater San Fernando Valley
News and notes from the greater San Fernando Valley
A nostalgic-minded son ran a steakhouse as a tribute to his father ‘Crash’ Corrigan, a stuntman for Western movies.
Recall the Old West at Corrigan’s Steakhouse.
LIST: Government relations assume a bigger role at business organizations.
Business groups take lobbying role.
FRANChISING: Volunteerism led to employment and now business ownership.
Couple with disabilities become owners of gym.
MANAGEMENT: Airborne photography accounts for highest revenue growth.
Helicopter firm adds drones to air fleet.
James Heimler has knack for quickly drawing architectural plans for a variety of buildings types in the Valley.
Architect James Heimler designs a variety of building types.
He started flying Learjets out of college. Now Brian Kirkdoffer is chief executive at Clay Lacy Aviation.
When Brian Kirkdoffer had dinner with aviation entrepreneur Clay Lacy, he didn’t know it would change his career.
AEROSPACE: Deals push up drone maker’s shares before downward drift.
AeroVironment shares rise on deals.