Stories for October 2004

Monday, October 25

Loan Helps Longtime Firm Remain in Familiar Hands

State-guaranteed loan helps longtime firm in Pacoima remain in familiar hands.

VALLEY BRIEFS

New DTS Office; Avenue Group in Deal; Bank Profits Improve; Insurance Income Up

Who Is a Manufacturer? Definition Undergoes Change

The definition of what constitutes a manufacturing business has changed.

Condo Inventory Boost Not Expected to Affect Prices

The supply of condominiums available for sale in the San Fernando Valley has spiked dramatically.

Neighborhood Council Remarks Blasted

Letters to the Editor

Loan Expected to Stabilize Pacoima Company

A Pacoima business has received $1.3 million in assistance from federal and city sources designed to get its debt under control and expand its operations

Valley Arts Venue Goal Is Decades Old

Comment by Ross Hopkins, Ph.D., Sherman Oaks

International Trade Conference

Businesses get help during the Southern California International Trade Conference.

Jumping Into Political Beat With No Shortage of Stories

Staff Reporter Jonathan D. Colburn begins his duties as government and

Hospitals Still Struggle With Nurse Ratios

Nurse-patient staffing ratios still are big problems for Valley-area hospitals.

NEWSMAKERS

Valley Businesspeople in the news, on the move...

Financial Veterans Form New Bank In Santa Clarita

Former executives of Valencia Bank & Trust are about to open an independent, community bank in Santa Clarita.

Trillium Deal Would Make Douglas Emmett Top Owner

Senior Reporter Shelly Garcia reports that Beacon Capital Partners is close to a deal to sell the Trillium in Warner Center to Douglas Emmett.

Developers Turn Rentals Into Condos

Condominium conversion activity heats up.

Listening Post

StreamCast Networks CEO Michael Weiss is on the cutting edge of controversial peer-to-peer networking technology.

Inventory Backlog Pulling Down Vitesse Projections

Inventory causes problems for Vitesse Semiconductor Corp.

Valley-Based Children's Museum Short on Donors

After two years the organizers of the Children's Museum planned for Hansen Dam have barely scraped together enough money to break ground.

Colleges Get Job Funds

Valley-area community colleges get hundreds of thousands of dollars in job training money.

Businesses Pick Causes in Highly Anticipated Election

Businesspeople have their eye on several issues in the upcoming election.

Northridge Hospital Owner Rebuffs Offer by Doctors

Doctors at Northridge Hospital Sherman Way Campus said their offer to buy the hospital and keep it running is being ignored by Catholic Healthcare West.

Exporting: Local Industry Savior?

Officials try to raise awareness of exporting among smaller Valley-area manufacturers.

Law Firm Closes Local Office

Law firm Reed Smith has closed its Westlake Village office.

Monday, October 11

Neighborhood Councils Struggling

While some neighborhood councils have logged a few successes, many others have become bogged down

Valley's Most Influential: Limits to Power

Valley's powerful people keep their activities local.

Are We Getting Our Money's Worth?

GUEST COLUMN by Gregory N. Lippe, CPA, managing partner of the Woodland Hills-based CPA firm of Lever, Lippe, Hellie & Russell LLP (LLHR) and a director of the Valley Industry and Commerce Association (VICA).

MultiFamily Sales Appear To Be Slowing

Three multifamily apartment sales have just closed in the San Fernando Valley market, but the news is not all good for the sector, which has seen huge increases in transactions over the past few years.

Menu Change

Julia Stewart, president and CEO of IHOP, is leading a reorganization and

Empire of Late Bandleader

Senior Reporter Shelly Garcia reports that a division of The Welk Group Inc., mostly owned by descendents of band leader Lawrence Welk, has acquired a Glendale film production studio.

Instead of Expansion, Lumber Firm Opens Antique Shop

Roadside Lumber & Hardware Inc. in Agoura Hills has opened an antique store on the property where the company tried to win approval for an expansion of its lumber operations.

Word 'Crisis' Is Fitting This Time Around

From The Newsroom by Jason Schaff

Car Collector

Entrepreneur Steve Assil has combined three of his favorite hobbies into a successful business.

Hotel Strife Gives Jitters To Groups

Local organizations watch and wait for what may happen with a threatened strike of hotels.

Effects House Encounters Cruel Realities of Industry

A small Van Nuys-based visual effects house is finding out about the cruel realities of outsourcing and how state officials are powerless to stop it.

VICA Sets Panels For 16th Annual Business Forecast

The Valley Industry and Commerce Association will hold its 16th annual business forecast conference, "Cracking the Economic Code," on Friday, October 29 at the Warner Center Marriott.

Executives Back Cultural Venue For Valley Arts

The quarterly Business Journal leadership survey shows that local executives support the construction of a major performing arts center in the Valley.

12 People Who Make Things Happen in Valley

A look at the most powerful people in the greater Valley area.

Tensions Run High as Independents Push P2P Growth

Tension exists in the entertainment industry as more companies become involved in Internet distribution of music and movies.

Alliance Refocuses to Stem Departure of Companies

The Economic Alliance of the San Fernando Valley refocuses to stem the flow of businesses out of the area.

Hispanic Market Growth Proves Dilemma at Research Company

Garcia Research Associates, a Burbank-based marketing research firm, is negotiating to bring about two dozen part-time data collection jobs to Tijuana.