Joel Russell

Editor

Joel Russell is editor of the Business Journal and is responsible for the content of the publication.

Email: jrussell@sfvbj.com
Phone: 818-316-3125 Extension: 116

Recent Stories

Research Solutions Prepares to Up-List to Nasdaq

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.

The Number

7% Independent contractors who want to become employees in California

B. Riley FBR Names Restructuring Head

B. Riley FBR Inc. has hired Richard NeJame as senior managing director of the firm’s corporate restructuring division, the company announced Tuesday.

House-Flipping Lender Anchor Loans Hires Tech Officer

Anchor Loans, the hard-money lender for the house-flipping industry, has named Bill Kontgis as its chief technology officer.

The Number

$80,000 - Cost for Club Seat license at LA Rams games in 2020

Los Angeles Rams set prices for season tickets.

AROUND THE VALLEYS

News and notes from the greater San Fernando Valley

News and notes from the greater San Fernando Valley

AeroVironment Soars, But Is It All Hot Air?

AEROSPACE: Deals push up drone maker’s shares before downward drift.

AeroVironment shares rise on deals.

Semtech Adds Expertise to Board

Semtech Corp. has expanded its board to 10 people and appointed two directors to fill the new seats, the company announced Monday.

Mission Valley Bank to Open South Bay Loan Office

Mission Valley Bank plans to open a loan production office in Torrance and has hired a new executive to supervise the operation.

Disney’s ESPN+ Reaches 1 Million Subscriber Milestone

Walt Disney Co. streaming service ESPN has surpassed 1 million paying subscribers in just over five months, the company announced Thursday.

VICA Responds to Sidewalk Vending Law

The signature of Gov. Jerry Brown on a law to decriminalize sidewalk vending prompted a response from the Valley Industry & Commerce Association on Monday.

The Number

Research sponsored by Princess Cruises in Valencia shows a growing number of U.S. workers don’t take their full complement of vacation time.

Former U.S. Trade Rep Joins Disney Board

The board of Walt Disney Co. has elected Michael Froman as a new director.

Saban Capital to Buy Panavision

Panavision Inc., Saban Capital Acquisition Corp. and Sim Video International Inc. have entered into a merger agreement to create a “global provider of end-to-end production and post-production services to the entertainment industry,” the companies announced Thursday.

Dole Headquarters Sold to Hilton Foundation for $50 Million

The headquarters of Dole Food Co. in Westlake Village has sold to the Conrad N. Hilton Foundation for $50 million, according to brokerage CBRE Group Inc.

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Royal Princess Coming to Port of L.A.

Princess Cruises plans to dock one of its new large ships, the Royal Princess, in Los Angeles starting in March.

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B. Riley FBR Names Chief Administrative Officer

B. Riley FBR, an investment bank and subsidiary of B. Riley Financial Inc. in Woodland Hills, has appointed Dawn Farrell as chief administrative officer of the firm’s investment banking unit.

Largest U.S. Ram Dealership Opens in Lancaster

HW Hunter Ram of the West Truck Center has opened its 40,000-square-foot facility in Lancaster, making it the largest Ram stand-alone dealership in the country by size.

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B. Riley Completes $100 Million Debt Offering

B. Riley Financial Inc. has closed a public offering of $100 million in senior notes, the Woodland Hills company announced Tuesday.

PS Business Park Hires CFO

PS Business Parks Inc. has appointed Jeffrey Hedges as chief financial officer and secretary effective Sept. 17, the company announced.

Canoga Park Apartments Sold for $3.7 Million

A 17-unit apartment building in Canoga Park has sold for $3.7 million, according to brokerage Marcus & Millichap Inc.

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VICA Calls New Electricity Law ‘Ridiculous’

The Valley Industry & Commerce Association announced disappointment that Gov. Jerry Brown on Monday signed SB 100, creating a law requiring 60 percent electricity in California be generated by renewable sources by 2030.

Avery Dennison Selects Tech Executive for Board

Avery Dennison Corp. has appointed Mark Barrenechea to its board, the company announced Monday.

Tix Shares Fall as MGM Takeover Talks End

Tix Corp.’s stock dropped nearly 10 percent Monday after the company disclosed that MGM Resorts International would not acquire the company.

Marcus & Millichap Buys Montreal Brokerage

Marcus & Millichap Inc. has expanded its presence in the Canadian market by acquiring McGill Commercial, a regional commercial real estate investment sales firm in Montreal, the company announced late Thursday.

VICA Counts Victories as Legislative Session Ends

The Valley Industry and Commerce Association announced successes Friday as the California Legislature ended its session for the year.

Sherman Oaks Medical Offices Sell for $20 Million

Two medical office buildings in Sherman Oaks sold to C.A. Development Operations, a Los Angeles-based investment company, for $20, according to brokerage CBRE Group Inc.

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Glendale Insurance Agent Charged With Fraud

A licensed insurance agent in Glendale was arrested and charged with grand theft and insurance fraud after allegedly acting as a licensed insurance agent to steal $10,000 from a trusting client, according to the California Department of Insurance.

Salem Sponsors 'Mid-Term Madness' Political Fantasy Game

Salem Media Group Inc.’s radio show host Hugh Hewitt will launch Mid-Term Madness, a fantasy game allowing listeners to select who they think will win key races in the Nov. 6 elections, the company announced Wednesday.

Simi Valley Development Site Sells for $21 Million

The site for the Sycamore Drive Community Center apartment project in Simi Valley has sold to a public-private joint venture for $21 million, brokerage CBRE Group Inc. announced Tuesday.

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VICA Praises Defeat of ‘Water Tax’ Bill

The Valley Industry & Commerce Association praised the defeat of SB 845, a bill in Sacramento that would have created a new statewide opt-out fund for safe drinking water programs.

Double Duty for Video Show

Agency project attracts viewers, touts clients.

Agency touts clients on YouTube series.

Six Flags Plans First-Ever Racing Roller Coasters

Six Flags Magic Mountain plans to open a new attraction called West Coast Racers next year.

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Cheesecake Factory Opens Restaurant in Washington State

Cheesecake Factory opened its newest restaurant in Lynnwood, Wash. earlier this week.

Scorpion Launches YouTube Show About Clients

Scorpion, the online marketing agency in Valencia, has debuted a new YouTube series about its clients.

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Public Storage Falls After Analyst Downgrade

Shares of Public Storage in Glendale fell nearly 4.5 percent Tuesday after an analyst downgraded the stock to “sell” from “neutral.”

SEC Indicts Five for Sherman Oaks Securities Scam

The Securities and Exchange Commission charged five Florida residents with unlawfully selling securities of Woodbridge Group of Cos., a defunct real estate firm formerly in Sherman Oaks.

The Number

41% L.A. workers who would quit their job for more money

Poll on why people want to change jobs in Los Angeles.

Tutor Perini Reaches Record Backlog of $8.7 Billion

Tutor Perini Corp. achieved a record backlog of contracts worth $8.7 billion during the second quarter, with higher-than-expected net income and lower revenue, the company announced Tuesday.

The Number

3.05 million Members of L.A. County credit unions

Salem to Replace Music Countdown Host

Shares of Salem Media Group moved higher Monday after the company announced it will replace Jeff Steele, host of its Singing News Radio Network’s countdown show for Southern Gospel music, with radio personality Rodney Baucom.

New Chick-fil-A Opens in West Hills

Chick-fil-A opened a new restaurant Thursday at 6400 Fallbrook Ave. in West Hills.

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Mission Valley Bank Earnings Dip in 2018

Mission Valley Bancorp announced earnings for the first half of 2018 of $2.17 million, a slight decrease from the $2.21 million posted last year.

Rex Real Estate Offers Buyback Guarantees

Online brokerage firm Rex Real Estate has expanded its offerings with a 30-day home buyback guarantee.

Chatsworth Residents Sentenced for $20 Million Mortgage Fraud

Three Chatsworth residents who owned or managed foreclosure rescue companies were sentenced Monday for their roles in a mortgage fraud, the Department of Justice announced.

United Chambers Issues Statement of Support for Westfield's Promenade 2035 Project

The United Chambers of Commerce of the San Fernando Valley and Region has issued a statement of support for the Westfield Promenade 2035 Project as it enters its environmental impact review phase, the organization announced Monday.

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Women Entrepreneurs: #16 Mitzi Like

Chief Executive, LBW Insurance and Financial Services Valencia

The List: Women-Owned Businesses profiles

LTC Renegotiates $600 Million Credit Facility

LTC Properties Inc. has entered into a new amended unsecured credit agreement to replace its previous unsecured credit agreement from 2014, the company announced Thursday.

Metro Board Approves Van Nuys Rail Project

The board of Los Angeles County Metropolitan Transportation Authority, or Metro, voted Thursday to build a light rail system down the center of Van Nuys Boulevard.

Valley-Region Companies Join Russell 3000

A pair of health-related companies in the Valley region announced they joined the Russell 3000 Index this week.

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