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Wednesday, Nov 29, 2023


VALLEY BRIEFS Image’s Asian Rap Chatsworth-based Image Entertainment, Inc., a licensee and producer of DVDs, inked an exclusive distribution deal with New York-based Ruff Ryders Entertainment for a series of releases featuring an up and coming rapper, Jin. Jin, who is Chinese-American, has generated buzz within the rap music industry after a successful run on several rap contests on Black Entertainment Television, a national cable channel with programming oriented for African-Americans. Ruff Ryders, which signed him to a record deal, plans to release his first CD in March. The first DVD, “Jin: The Making of a Rap Star,” will be released in April. Shipping Software to Brazil Westlake Village-based CaminoSoft Corp., a leading manufacturer of software used to store and manage large quantities of data, signed a distribution agreement with CSF Storage of Brazil. Under the agreement CSF will distribute CaminoSoft’s software to value-added resellers and their users in Brazil and the South America region. The agreement marks CaminoSoft’s first distribution partnership in South America, vice president of channel sales and marketing Richard Krueger said in a statement. The company already distributes in Europe, the Middle East and Africa. PS Adds to Portfolio PS Business Parks Inc. has acquired three buildings totaling 3.6 million square feet of space in Arizona, Florida and California. The total cost of the acquisitions was $242 million. With the acquisition, the Glendale-based real estate investment trust develops owns and operates commercial properties in nine states. PS Business Parks acquired four multi-tenant buildings in Phoenix totaling 110,000 square feet for $9.5 million. The company purchased another two office buildings totaling 107,000 square feet in Orange, Calif. for $15.5 million. And it entered a new market, Miami, with the purchase of a 53-building portfolio of almost 3.4 million square feet for $217 million. Homestore Goes National Homestore Inc., a Westlake Village- based provider of real estate media and technology products, has moved back to trading on the Nasdaq National Market. The company had traded on the SmallCap Market since November, 2002, after its share price fell to the $0.50 range. The company’s shares were trading at $4.88 on Dec. 31, up from a 52-week low of $0.48 in April. Panel on Health Care Planned David Helwig, president and chief executive officer of Blue Cross of California and Chris Wing, executive vice president of Health Net Inc. and president of Health Net of California will take part in a panel discussion on some of the critical issues facing health care insurers, employers and workers Tuesday, Jan. 13 from 11 a.m. to 2 p.m. at the Sheraton Universal hotel in Universal City. The forum is being sponsored by the Los Angeles Association of Health Underwriters (LAAHU) and the Employee Benefits Planning Association of Los Angeles. James Frey, president of PacificCare of California will also join the panel, which will address a variety of topics on the industry, including the rising costs of health care, the movement away from managed health care plans or HMOs and on-going efforts to stem the rising costs of prescription drugs. For more information, contact the LAAHU at (323) 466-3445.

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