Stories for July 1997

Tuesday, July 1

Fasttrack

Chet Huffman brings the same determination to running his family's business as he does to racing off-road cars in Baja California. "It's no different than business. I don't like to lose at either," he says.

Letter Runner

Every hard-working Californian gives on average 40 percent of their total income to support the government each year. This year, California is expecting an additional $2 billion in revenue from personal income taxes beyond what had been projected.

Media lab

NBC this month introduced a new character named Johnny Chimes, an animated peacock lounge lizard who sings Sinatra knock-offs while promoting the network's primetime lineup.

Smart

Vernon-based Smart & Final Inc. has been selling giant-sized discount groceries out of warehouse stores since 1871, catering to both restaurateurs and family consumers with big appetites.

Tourism

But the battle is a real one, being fought this summer by the Valley's two major tourist attractions Six Flags Magic Mountain and Universal Studios Hollywood. Magic Mountain is touting the new Superman: The Escape, while Universal is pushing for tourist

Miscikowski

Starting this month, the San Fernando Valley has a new representative in Los Angeles City Hall Cindy Miscikowski, who worked as a planning aide and chief of staff to predecessor Marvin Braude for nearly two decades.

Valley Talk

Shareholders of Great Western Bank were celebrating big-time on June 13, when they overwhelmingly approved a friendly merger with Washington Mutual Inc. that awarded them a hefty premium for their stock.

Gold

Take a drive down any of Los Angeles' main thoroughfares, and you'll see how Al Gold has left his mark on the city.

RE Column

How real is the San Fernando Valley real estate recovery? Consider the recent sale of Toluca Terrace Apartments in Toluca Lake.

Valley Edit

One year ago, the San Fernando Valley Business Journal was launched in the firm belief that this community was hungry for business news. We set out to tell the stories that weren't being told elsewhere from the personalities behind Valley companies to e

CSUN

Students and faculty at Cal State Northridge were outraged last month when administrators cut men's baseball, volleyball and swimming. But the decision also upset another group: Valley business leaders.

Small Biz

When Redken Hair Products abandoned its Canoga Park production facility in l995, it took 360 jobs with it and left behind a 189,000-square-foot industrial property that had been badly damaged by the Northridge quake.

Universal

In an apparent victory for homeowners, Universal Studios Inc. has agreed to a 40 percent reduction in the size of its planned expansion project.

Newsmakers

Carlos Darquea has been appointed executive vice president, creative director and partner at Westlake Village-based Ahlman & Associates. His responsibilities include the creative end of all accounts, including the development of strategic positioning, con

Persfi

Applying for a mortgage can be a complex, expensive and emotionally-charged experience. To make the process go more smoothly, you may want to consider the following steps before applying for a mortgage.

Disney

Clearly positioning itself for growth, The Walt Disney Co. has purchased the 100-acre Grand Central Business Centre in Glendale, which has housed Disney's Imagineering theme park division since the unit's inception more than 30 years ago.

Voit

As president of the rapidly expanding Voit Cos., Robert D. Voit has developed 7 million square feet of commercial real estate and today manages a portfolio of more than 16 million square feet of commercial space on behalf of Voit and other clients. But un

Airport

Seeking to end costly litigation, Burbank city officials have resumed negotiations with the Burbank-Glendale-Pasadena Airport Authority over plans for a larger terminal complex.

Careamerica

CareAmerica Health Plans in Woodland Hills has signed a 10-year, $35 million lease for 162,000 square feet at the new West Hills Corporate Village, three miles away from its current headquarters.

Forum

Universal Studios wants to roughly double the amount of development at its 415-acre parcel at Universal City. The plan calls for construction of 5.9 million square feet of theme park attractions, hotels, film studios and offices, plus 6.3 million square f

Familian

Familian Corp. has announced it will relocate its longtime Van Nuys headquarters to Pomona by early next year, saying the San Fernando Valley isn't a central enough location to support its growing distribution operations, .

Econowatch

The San Fernando Valley home market showed signs of improvement in April, according to this month's issue of Valley econowatch, but the jury is still out on whether the fledgling recovery is here to stay.

ICG

In the escalating battle between cities for well-heeled, tax-generating businesses, Burbank has a wily field commander in Assistant City Manager Frederic Fletcher.

Entcol

If Steven Spielberg wanted to make a movie about what his cat had for breakfast, every studio in town would be begging him to accept a massive up-front payment and a share of the first-dollar gross.

Aerospace

A recent hiring spree by Lockheed Martin Skunk Works is sending the Antelope Valley economy surging ahead with renewed growth.