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

Greater Valley Chamber Issues Urgent Call for Help

Nancy Hoffman Vanyek, chief executive of the Greater San Fernando Valley Chamber of Commerce, issued a call for help in securing financial help for business advocacy organizations dealing with the coronavirus outbreak.

Ventura County Closes Certain Businesses, Orders Elderly to Stay Home

Ventura County has ordered certain businesses to close and elderly residents to stay at home to slow the spread of coronavirus, effective Wednesday.

‘Jeopardy’ Host Aids Hope of the Valley

Donation supports construction of North Hollywood homeless facility.

“Jeopardy” host Alex Trebek gives money to homeless center.

VALLEY INSIDER

Doll Maker’s Threepeat

“It’s a threepeat!” exclaimed MGA Entertainment Inc. Chief Executive Isaac Larian in a statement about the company’s L.O.L.

Universal Studios Theme Parks Close to Contain Coronavirus

Universal Studios Hollywood and Universal Orlando Resort announced late Thursday that both theme parks will close in hopes of containing the spread of coronavirus.

Valley Restaurant, Real Estate Stocks Caught in Wall Street Selloff

Another massive selloff of stocks on Thursday caught Valley restaurant and real estate-related stocks in the downdraft.

Dow’s Massive Drop Pulls Down Valley Stocks

The Dow Jones Industrial Average fell more than 2,000 points, or 7 percent, with nearly all Valley companies caught in the downward momentum.

Oil Shock Sends California Resources Lower

Shares of California Resources Corp. fell 13.6 percent Friday in tandem with lower crude oil prices.

An Unconventional Business Opening

Ace Hardware store skips the ribbon cutting at new location.

Ace Hardware held a grand opening for its new location in Van Nuys

VALLEY INSIDER

Cost Saving Pays Off

Capstone Turbine Corp. promotes Kirk Petty to VP of operations.

Valley Stocks Fall Along With Market

Public companies in the Valley region traded lower on Monday as the Dow Jones Industrial Average plummeted more than 1,000 points.

Bank of America’s Westlake Village Campus Sold

Drawbridge Realty, a real estate investment firm in San Francisco, has purchased an office campus in Westlake Village that is fully leased to Bank of America through 2031, the company announced Tuesday.

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VALLEY INSIDER

SHE’s Going Public

Lupe Rose readies her SHE Beverage Co. to go public.

Blackrock Divests 20 Percent of PennyMac Stock

Blackrock Inc., a New York asset management firm, has contributed its 20 percent of outstanding stock in PennyMac Financial Services Inc. to two charities.

VALLEY INSIDER

New PR Council Member

Musella Group president joins Forbes Agency Council.

PS Business Park’s $30 Million Property Trade

PS Business Parks Inc. has purchased two business parks and sold one single-tenant office building.

LemonMobile for Youth Market

Citrus company to promote entrepreneurship program.

Limoneira Co. has signed up as a promotional partner for Lemonade Day

YEAR of the DISRUPTORS

Technology presents challenges and opportunities for professionals in the financial services sector.

Despite its buttoned-down image, the financial services industry has entered a period of turmoil caused by new technology, consumer expectations and consolidation in addition to regular capital market volatility.

VALLEY INSIDER

Bryant Riley on Board

Bryant Riley, chairman of B. Riley Financial Inc. in Woodland Hills, has joined the board of Select Interior Concepts Inc.

B. Riley, Kayne Anderson Finance Furniture Chain Acquisition

A subsidiary of B. Riley Financial Inc. in Woodland Hills and Kayne Anderson Capital Advisors in Los Angeles will provide a $700 million credit facility to finance the buyout of a furniture store chain.

NBCUniversal Chief Executive Steve Burke to Step Down

NBCUniversal Chief Executive Steve Burke will step down from his position in 2020 and NBCU executive Jeff Shell is expected to replace him.

Gulfstream Opens Business Aviation Center at Van Nuys Airport

Gulfstream Aerospace Corp. announced Wednesday the official opening of a maintenance, repair and overhaul facility at Van Nuys Airport.

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Give the Gift of an Empty Leg Flight

Online list features discount private jet opportunities.

Looking for an original holiday gift?

Deals That Didn’t Work

Despite the best intentions, sometimes negotiators can never get to a satisfactory resolution.

Deals that didn’t work out this year, including Panavision acquisition.

VALLEY INSIDER

CSUN President Retires

Cal State Northridge President Dianne Harrison to step down in June.

Shifts in Strategy

As industries change and merge, so does the motivation for deal-making.

For the San Fernando Valley, 2019 was a year of smaller deals – but lots of them.

Skidata Acquires Sentry Control Systems in Van Nuys

Sentry Control Systems has been acquired by Skidata, creating the largest provider of parking access and revenue control equipment in the United States.

Public Fire Settlement

SoCal Edison to pay $360 million to cities, counties.

Southern California Edison will pay $360 million to settle a lawsuit with 23 public entities

VALLEY INSIDER

CFO Gets Reassigned

Marcus & Millichap Inc.’s Chief Financial Officer Marty Louie transitions to new role.

Private-Label Manufacturer Blue Cross Labs Acquired

Blue Cross Laboratories in Santa Clarita has been acquired by Starco Group of Santa Monica.

SoCal Edison Settles With Counties, Cities for Fire Damages

Southern California Edison will pay $360 million to settle a lawsuit with 23 public entities for damages from the 2017 Thomas and Koenigstein Fires, the 2018 Montecito Debris Flows and the 2018 Woolsey Fire.

VALLEY INSIDER

$85 Million for ‘Programmable’ Cells

Sensor Industries in Camarillo names new chief executive.

Management School Assistant Dean to Leave Cal Lutheran

Sumantra Sengupta, assistant dean of the management school at California Lutheran University, has resigned his position effective Dec. 2.

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Maria Fire Threatens Businesses

Businesses and farms lie in a zone of mandatory evacuations in the face of the Maria Fire, which has burned more than 8,700 acres between Santa Paul and Somis in Ventura County.

Bankruptcy Judge Approves Barney’s Sale to Authentic Brands, B. Riley

A bankruptcy judge has approved the sale of the Barney’s chain of fashion stores to Authentic Brands Group and its financial partner B. Riley Financial in Woodland Hills.

Dine Brands Beats Estimates, Plans Nearly 100 New IHOP Restaurants

Dine Brands Global Inc. beat analyst estimates Wednesday, while in a separate announcement the company announced plans for nearly 100 new restaurants.

VALLEY INSIDER: Postage Stamp Honor

A Princess in Italy

ENTREPRENEURSHIP Tarantula Hill Brewing Co. gives Thousand Oaks its first craft brewery.

Saddleridge Fire 95 Percent Contained

The Saddleridge Fire on the northern edge of the San Fernando Valley is 95 percent contained, according to an update from the Los Angeles Fire Department on Tuesday morning.

VALLEY INSIDER: Entrepreneurial Maxims

ENTREPRENUERS CSUN hosts speaker on developing a business-creating personality.

Commercial Developments Near Saddleridge Blaze Safe for Now

There has been no damage reported to business and industrial complexes in the communities near Porter Ranch, site of the Saddleridge Fire, which erupted shortly before 10 p.m. on Thursday near the 210 freeway.

Edison Cuts Power in Parts of Northern L.A. County, Ventura County

Southern California Edison has cut power to homes and businesses in parts of northern Los Angeles County and Ventura County as a precaution to prevent wildfires.

Mike’s Roofing Owner Wins Fernando Award

Marcelo “Mike” Quiroga, owner of Mike’s Roofing & Building Service in Van Nuys, took home the 2019 Fernando Award.

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Tutor Perini to Build Typhoon-Proof Housing in Guam

A subsidiary of Tutor Perini Corp. in Sylmar has won a contract to replace housing units at Andersen Air Force Base in Guam with new buildings capable of withstanding the island’s frequent typhoons.

VALLEY INSIDER: Postage Stamp Honor

Postage Stamp Honor

Studio City Apartment Complex Trades for $5.4 Million

Jad’s Garden, a 15-unit apartment complex in Studio City, has sold for $5.4 million.

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Cinedigm to Live Stream Saturn Awards

Cinedigm’s fan-focused network CONtv will live stream the Saturn Awards on Sept. 13.

Cal Lutheran No. 9 in U.S. News Ranking

California Lutheran University attained its highest spot ever in the U.S. News 2020 Best Colleges report with a ranking of No. 9 among regional universities in the western United States.

Former Auto Showroom in Woodland Hills Sells for Nearly $6 Million

The former site of the Exotic Euro Cars dealership and showroom in Woodland Hills has sold for $5.75 million, according to brokerage Marcus & Millichap Inc.

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VALLEY INSIDER

After Half Century, Manson Still Fascinates

Media Attorney at Lewitt Hackman pens book with chapter on Manson murder trial.

Lotus Pushes Limit on Price

Galpin Motors to sell $2.5 million car at North Hills dealership.

Galpin Motors to sell $2.5 million car at North Hills dealership.

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