Stories for October 2018

Wednesday, October 31

Charles Dunn Co. Closes Brokerage Business

In a memo to staff and agents, Charles Dunn Co. Inc. gave notice Wednesday that the company’s brokerage business was folding.

Edison Anticipates 'Material Losses' From Thomas Fire

Edison International on Tuesday revealed that an internal investigation found that its Southern California Edison utility equipment was “associated with” one of the ignition points of the massive Thomas Fire.

L.A. City Seeks Injunctions Against Chatsworth Vaping Vendors

The Los Angeles City Attorney’s office is seeking injunctions against two electronic cigarette companies in the San Fernando Valley for illegal sale of vaping products online without proper age verification.

Amgen, Dine Brands Gain After Reporting Quarterly Results

Shares of Amgen Inc. gained nearly 2 percent the day after the biotech reported third-quarter earnings, while Dine Brands Global Inc. shares gained nearly 2 percent after the company reported sales gains for its Applebee’s restaurant chain.

Former Cal Lutheran President Mark Mathews Dies

Former California Lutheran University President Mark Mathews died over the weekend at the age of 92, the school announced Wednesday.

Tuesday, October 30

Colliers Brokerage Team Moves to NAI Capital

A top team of Colliers International brokers has joined NAI Capital.

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Limoneira Launches Seasonal In-Store Marketing Campaigns

Limoneira Co. has launched two new seasonal packaging campaigns to nationwide retailers, the Santa Paula agribusiness company announced Tuesday.

LegalZoom Investor Adds Member to Board

Online legal services company LegalZoom.com Inc. has added a new member to its board as part of an investment from a Silicon Valley firm.

Monday, October 29

IHOP Partners with Universal Pictures for Grinch-Themed Menu

IHOP has unveiled a holiday menu based on Universal Pictures’ new film “The Grinch,” the restaurant’s Glendale-based parent company Dine Brands Global Inc. announced Monday.

Urban Fulfillment to Close Westlake Village Office, Lay Off 85

Urban Fulfillment Services LLC is closing its Westlake Village operations, resulting in the elimination of 85 jobs.

Hilton Universal City Owner Revises Expansion Plan

Sun Hill Properties Inc., owner of the Hilton Los Angeles/Universal City, have unveiled revised plans for construction of an additional tower to the hotel adjacent to the Universal Studios theme park.

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Shoppers Can Think Small at Boutique-Only Mall

REAL ESTATE: Eclectic mix of individual tenants at Valley Country Mart.

New stores open at Woodland Hills shopping center.

Valley Film Festival Moves into Distribution Deals

CINEMA: Organizers to debut one-day movie market early next year.

Valley Film Festival moves into distribution.

Old World Craftsman

Irishman John Parker settled in the Valley for the business opportunity – and he has no regrets.

Canoga Park contractor talks immigrant experience.

T-Cell Technology Tips Scales in Atara’s Favor

BIOTECH: Westlake Village startup’s shares gain 78 percent so far this year.

Investors buy into Atara’s T-Cell technology.

The Number

The real estate, insurance and entertainment industries collide in Billy Wilder’s movie “Double Indemnity,” which turns 75 in 2019.

Walmart’s Net Strategy

TECHNOLOGY: Retailer offers quick pickup of online orders in Lancaster.

Walmart introduces pickup in Lancaster.

Renewables Aren’t Up to the Task

All 7.8 billion people on this planet want affordable, scalable, reliable electricity.

Pampering Tenants

From playrooms to boardrooms, landlords roll out the amenities

Valley landlords offer office amenities.

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Growth Mode at Credit Unions

LIST: Membership up at region’s largest institutions.

Logix moves headquarters to Valencia.

Cherokee Flips Strategy Amid Retail Reshuffle

APPAREL: Licensing model to contend with fickle fashions.

Cherokee returns to licensing model.

BizFed Expands Brand in State

NONPROFITS: Organization with Valley heritage heads north.

A lot of businesses use franchising to expand their reach but rarely has a nonprofit business association tried it – until now.

How Prop 5 May Bring Back Kids

I live in one of those very suburban neighborhoods that was built for kids.

Around The Valleys

News and notes from the greater San Fernando Valley

Real Estate Quarterly

Major deals in Valley region during quarter.

Office Vacancy Trends Down in Last Year

Statistics point to tightening office market.

Has Retail Reached Bottom, Started Rebound?

Brokers see low vacancy, neighborhood selectivity at Valley shopping centers.

Brokers bullish on Valley shopping centers.

Friday, October 26

Strong Economy Now, But ‘Signs of Slowdown’ Seen

Even though the U.S. economy keeps humming along and soon may record the longest expansion in modern history, “there are signs of a slowdown,” an economist reported Friday morning at a business forecast conference in Universal City.

Preview: Office Extras

While a Keurig machine that perks a hot cup of coffee from pods of Starbucks’ Veranda Blend is nice, that perk is just the beginning in today’s market, as the workplace experience has become a high priority.

Preview: Cherokee Flips Strategy After Retail Disappointment

After two years of disappointing losses, apparel company Cherokee Inc. is doubling down on what made the business successful in the first place.

Garcetti Talks Homelessness, Economic Development at Business Event

Calling the San Fernando Valley a place of “doers, dreamers and innovators,” Los Angeles Mayor Eric Garcetti laid out to area business leaders Friday afternoon how his administration is creating opportunity.

Thursday, October 25

Santa Clarita Touts Arts, Business at State of City

The city of Santa Clarita held its annual State of the City address Thursday at the Hyatt Regency Valencia, and it was no doubt the first such banquet function to come with its own historical coloring book.

Blue Microphones Wins Emmy

Blue Microphones won an Emmy award for its Mix-Fi studio headphones, the first time any set of headphones has received that honor.

ASGN Shares Rise on Earnings Report

Shares of ASGN Inc. jumped nearly 13 percent Thursday after the Calabasas staffing company reported better-than-expected quarterly earnings of $49.2 million.

Arabian Awards Given to Seven Leaders

Nearly 400 business, political and non-profit chiefs attended the 19th annual Justice Armand Arabian Leaders in Public Service Awards luncheon on Thursday, although it was the first without the former California Supreme Court Justice after whom the awards are named.

Wednesday, October 24

Area Stocks Plunge With Markets; Few Gainers

Many Valley-area companies got caught up in the plummeting stock markets on Wednesday.

Van Nuys Airport Going Solar

Representatives from seven businesses at Van Nuys Airport on Wednesday unveiled commitments to solar energy at the San Fernando Valley airfield.

Teledyne Swaps Out CEOs

Teledyne Technologies Inc. announced late Tuesday that its longtime leader, Robert Mehrabian, will step down as chief executive and take on the position of executive chairman effective Jan. 1.

Cal Lutheran Gets Big Gift; To Build Management School

California Lutheran University announced Wednesday that it has received $6 million – the largest single gift in its history.

Tuesday, October 23

Plane Crash Closes 101 Freeway

A World War II-style airplane crashed Tuesday afternoon on the 101 Freeway in Agoura Hills.

Cast & Crew Acquires Live Theater Payroll Accounting Firm

Cast & Crew has acquired Checks & Balances Payroll Inc., a payroll services firm to the live theater industry.

Avery Dennison Shares Fall on Earnings Report

Shares Avery Dennison Corp. fell nearly 5 percent Tuesday after the Glendale packaging and labeling company reported worse-than-expected quarterly earnings.

Second Sight Chairman Buys $4 Million in Shares

Second Sight Medical Products Inc. has entered into a stock purchase agreement with Gregg Williams, chairman of the company’s board for the purchase of nearly 2.5 million shares which will yield $4 million in proceeds to the company.

Monday, October 22

Westlake Medical Plaza Purchased for $5.6 Million

Westlake Medical Plaza in Thousand Oaks has sold for $5.6 million, or $260 per square foot, according to CoStar Group.

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FDA Warns MannKind for ‘Misleading’ Facebook Post

The U.S. Food and Drug Administration has issued a warning letter to MannKind Corp. for sharing a misleading post about the company’s drug Afrezza on its Facebook page.

California Resources Enters Gas-Drilling Joint Venture

California Resources Corp. has formed a joint venture with a San Diego energy company for development of the largest dry gas field in the state.

Friday, October 19

Warner Center Marriott Bought by HEI Hotels

Warner Center Marriott in Woodland Hills has been sold for an undisclosed price to HEI Hotels and Resorts, according to a Valley Vantage report.

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Simi Valley’s SkateLab to Shutter After Falling Out Between Founders

Longtime indoor skateboard park and museum SkateLab will close after a 21-year run in Simi Valley following a falling out between its founders in early October, according to a Ventura Star report.

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Four New Hangars Coming to Camarillo Airport

The Ventura County Board of Supervisors has given initial approval for a developer to build four new hangars at Camarillo Airport.

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Thursday, October 18

Richard Branson Halts Saudi Investment in Mojave Companies

Sir Richard Branson has suspended discussions with Saudi Arabia on that country’s investment in Virgin Galactic over the disappearance of journalist Jamal Khashoggi.

Disney Studios Adds Fox Executives

Walt Disney Co. announced that several executives of 21st Century Fox will join its studio entertainment management team assuming the Burbank company’s deal to acquire 21st Century Fox closes.

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Amgen Invests $66 million in U.K. Genetics Firm

Amgen Inc. has invested $66 million in United Kingdom-based gene analysis company Oxford Nanopore, the Thousand Oaks biotech announced Thursday.

Capstone, Argonne National Lab to Develop ‘Thermal Battery’ Technology

Capstone Turbine Corp. and Argonne National Laboratory have received funding from the Department of Energy to adapt the lab’s thermal energy storage system for use in manufacturing applications, the company announced Thursday.

Wednesday, October 17

ImmunoCellular Curtails Operations, Delists From NYSE

ImmunoCellular Therapeutics Ltd. has decided to voluntarily delist its shares from the New York Stock Exchange and to significantly curtail its operations, the Calabasas biotechnology firm announced Monday.

Limoneira Picks Lennar, KB Home for Santa Paula Housing Project

Limoneira Co. will partner with two homebuilders to construct the first homes at the company’s Harvest at Limoneira project.

Laemmle Breaks Ground on Newhall Cineplex

Construction has officially begun in Santa Clarita on Laemmle Newhall 7, an upscale movie theater at the corner of Main Street and Lyons Avenue, on what has become known locally as the Redevelopment Block in Old Town Newhall.

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Tuesday, October 16

MannKind Shares Jump 16 Percent After Finalizing Research Deal

Shares of MannKind Corp. jumped more than 16 percent Tuesday after the Westlake Village biotech finalized a previously announced agreement with United Therapeutics Corp. to develop an inhalable drug to treat a form of hypertension.

Coldwell Banker to Open New Calabasas Office

Coldwell Banker Residential Brokerage has opened a new office in Calabasas headed by Branch Manager Steven Heravi.

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Feature Film Location Production Increases in Third Quarter

On-location film, television and commercial production increased by 3 percent in the third quarter, led by feature film production, according to figures released Tuesday by FilmL.A.

Dole ‘Refreshes’ Brand Logo

Dole Food Co. has updated its logo as part of an effort to “refresh” its brand identity, the Westlake Village produce company announced Monday.

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Monday, October 15

Nutritional Supplement Maker Leases 112,000 Square Feet in Valencia

Lief Organics has leased nearly 112,000 square feet at a newly renovated Rexford Industrial facility in Valencia for its corporate headquarters, manufacturing plant and distribution center.

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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.

Glendale Broker Bill Boyd Joins Kidder Mathews

Commercial real estate broker Bill Boyd and several members of his Glendale office at Charles Dunn Co. have joined the Seattle-based brokerage Kidder Mathews.

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How to Kill Apartment Construction

We are in the umpteenth year of a housing shortage.

A Real Impact From Business Voters

When most people think about voting, they think that their vote for president is the most important vote they can give.

AROUND THE VALLEYS

News and notes from the greater San Fernando Valley

Economist Sees Home Prices Limiting Growth

RESIDENTIAL: Population set to expand with new units in Santa Clarita and L.A.

Economist gives midyear regional report.

Garcetti Talks Future at UCC Luncheon

Social: Remember ‘Brady Bunch?’ Mayor says Valley still bastion of middle class.

Mayor Eric Garcetti talks about middle class.

Fernando Award Ceremony Crowns Bill Allen, Adds Honors

Besides namesake prize, new Impact and International awards were given at event that pays tribute to volunteerism

Bill Allen wins 60th annual Fernando Award.

City Organizers Shout About Burbank Tech Talks

TECHNOLOGY: Program seeks to grow employment base through entrepreneurship.

Burbank Tech Talks plans more events this year.

Film-Friendly CEO at Sherman Oaks Chamber

Management: David Phelps hopes to bring Hollywood productions to the Valley.

New chief executive at Sherman Oaks Chamber.

Burn Surgeon

When he’s not working at his family’s business or his own private plastic surgery practice, Dr. Peter Grossman runs a foundation to provide health care to burn victims.

Peter Grossman of the Grossman Burn Center.

Arabian Winners

NONPROFIT: Seven civic leaders honored at Valley’s annual public service recognition.

Winners of the Armand Arabian award.

Hearty Future for Dine Brands Despite Decline

restaurants: Shares of chain operator drift lower after 30 percent pop.

Bright future for Dine Brands Global.

Copycats Get Inspired by Kinko’s CEO

Paul Orfalea speaks at Cal Lutheran event for entrepreneurs.

Kinko’s founder talks business at Cal Lutheran.

The Number

7% Independent contractors who want to become employees in California

Finance Crunch For Elder Care

LIST: Facilities seek donors to make up shortfall.

Senior living facilities face a cash shortage.

Landlords in Prop 10 Battle

REAL ESTATE: Trade groups, companies oppose rent control.

Business groups oppose expanding rent control.

Automotive PR Pioneer Exits by Selling Firm

MARKETING: Joe Molina built JMPR on luxury brands.

Joseph Molina sells Woodland Hills PR firm.

Retail Revisited

Westfield Topanga renovation part of larger Warner Center strategy

A $70 million renovation of Westfield's Topanga Mall is one part of the company's plan for its centers in Woodland Hills, which have total sales of $1 billion.

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Friday, October 12

Orange Line Improvement Project Breaks Ground

Los Angeles County Metropolitan Transportation Authority broke ground on a project to improve bus speeds and safety on the Orange Line busway in the San Fernando Valley.

Wells Fargo Names Head Banker for Valley Region

Robin Choi has been named regional bank president to lead Wells Fargo in the San Fernando Valley, effective Oct. 22.

Bank of Santa Clarita Reports 71 Percent Earnings Growth

Bank of Santa Clarita’s third-quarter earnings totaled $914,000, representing a 71 percent growth year-over-year, the company announced Thursday.

Preview: Retail Revisited

Westfield Topanga renovation part of larger Warner Center strategy.

Preview: Landlords in Prop 10 Battle

Trade groups, companies oppose rent control.

Thursday, October 11

‘Hero Hired’ Job Fair Draws Veterans

More than 500 military veterans were expected to participate Thursday in the Valley Economic Alliance’s annual Hero Hired Veteran Job and Resource Fair at Los Angeles Valley College in Valley Glen.

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Englander to Leave L.A. City Council to Join Entertainment Firm

Los Angeles City Councilman Mitch Englander will step down at the end of the year to join live sports and entertainment company Oak View Group as executive vice president of government affairs, Englander announced Thursday.

State Farm Closing Westlake Village Operations

State Farm Mutual Automobile Insurance Co. is closing its office in Westlake Village at the end of next month, resulting in the loss of 69 jobs.

Lancaster City Manager Bozigian to Retire

Lancaster City Manager Mark Bozigian will retire from the job effective at the end of the year.

Wednesday, October 10

Developers Seek to Create Mixed-Use Complex in Panorama City

A proposed mixed-use apartment building would replace an existing commercial building in Panorama City, according to plans filed Oct. 4 with the city of Los Angeles.

Entertainment Firm Rebrands

GRB Entertainment has rebranded itself and has promoted several executives as part of the reorganization.

Valley Area Stocks Hit Hard as Markets Plunge

The Valley area’s technology and biotech companies were among the hardest hit, reflecting a rough day for tech stocks at large.

Tuesday, October 9

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.

Woodland Hills Warehouse Sold With Eye Toward Multifamily Development

An 11,880-square-foot warehouse in Woodland Hills has traded hands for $4.2 million, or $350 per square foot, and the new owners want to convert the distribution center into multifamily housing, according to brokerage NAI Capital.

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BlackLine Enters Japan Via Joint Venture

Accounting software developer BlackLine Inc. has created a joint venture to sells its accounting and financial software in Japan.

Monday, October 8

Disney to Reorganize Executive Ranks After Fox Deal

Walt Disney Co. has announced a new organizational structure for its broadcast and cable businesses assuming its deal to acquire 21st Century Fox closes.

Marcus & Millichap Buys Canadian Real Estate Firm

Marcus & Millichap Inc. has acquired Canadian real estate firm Primecorp Commercial Realty Inc., the Calabasas brokerage announced Monday.

Fernando Award Honors Bill Allen, Adds New Categories

Los Angeles County Economic Development Corp. Chief Executive Bill Allen won the 2018 Fernando Award at a ceremony on Saturday night.

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Labor Commissioner's Office Fines NoHo Restaurant

The California Labor Commissioner’s Office has cited three Southern California restaurants for more than $1 million in wage theft violations, with the heaviest fine on a North Hollywood-based Thai restaurant. Labor Commissioner Julie Su ordered Sanamluang Cafe to pay nine workers $708,457 in lost wages and break period restitution.

Friday, October 5

Garcetti Discusses Olympics, Valley’s Middle-Class Future in Luncheon Speech

Los Angeles Mayor Eric Garcetti addressed the economics of the middle class and the 2028 Olympics in his keynote speech at the 14th Annual Richard Leyner Mayor’s Luncheon on Friday in Woodland Hills.

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Trader Joe’s Supermarket Opens in Calabasas

A new Trader Joe’s supermarket has opened in Calabasas.

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Ski Alert: Seasonal Flights From Burbank to Mammoth

Semi-private air carrier JetSuiteX will begin ski season service between Hollywood Burbank Airport and Mammoth Lakes starting in December.

Eyenuk Expands Screening Service to Germany

Eyenuk Inc., a Woodland Hills company that uses artificial technology to screen for diabetic complications in the eyes, will expand its service to a diabetes treatment center in Germany.

Thursday, October 4

Woodland Hills Public Relations Agency JMPR Acquired

JMPR, the Woodland Hills-based public relations agency that specializes in high-end automotive and luxury brands, has been acquired by imre, an integrated marketing agency in Baltimore.

Teledyne Gliders to Survey Antarctic Marine Life

A subsidiary of Teledyne Technologies Inc. has received a $7 million contract from the National Oceanic and Atmospheric Administration to provide equipment used in the study of the krill population in Antarctica.

Camarillo Firm Wins $5.7 Million Navy Contract

Saalex Solutions Inc. has received a $5.7 million contract from the U.S. Navy to support the Navy Munitions Command Pacific CONUS West Division.

Wednesday, October 3

Kaiser Permanente Reaches Tentative Agreement With Unions

Kaiser Permanente has reached a tentative labor agreement with an alliance of union health care workers in eight states and Washington, D.C. that includes more than 30,000 workers in Southern California.

Proposed 7-Eleven Evokes NIMBY Pushback in Thousand Oaks

An incoming 7-Eleven store on a neglected parcel across the street from Thousand Oaks High School has raised the ire of some residents in the bedroom community.

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.

Northridge Missile Facility Secures $171 Million Contract

Northrop Grumman has received a $171 million contract from the U.S. Navy to continue production on its advanced anti-radiation guided missile system.

Tuesday, October 2

Fabric Company Buys Burbank Warehouse for $4.3 Million

Burbank-headquartered Alexander Henry Fabrics Inc. has purchased a local warehouse for $4.3 million, or $287 per square foot, according to NAI Capital, which helped broker the sale.

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Workers, City Settle With Canoga Park Home Care Provider

City Attorney Mike Feuer has reached a settlement with a San Fernando Valley home care provider that allegedly failed to pay its employees minimum wage and overtime.

Sherman Oaks Chamber Hires Film-Savvy CEO

The Sherman Oaks Chamber of Commerce has hired David Phelps to replace outgoing Chief Executive Vicki Nussbaum, who announced her departure last month.

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Dallas Flights to Hollywood Burbank Airport

American Airlines is bringing back daily service between Hollywood Burbank Airport and Dallas Fort Worth International Airport starting in the spring.

Monday, October 1

Long-delayed North Hills Project Steps Forward

Land Development & Associates has revived a long-dormant project in North Hills.

Warner Center Multifamily Complex Sells for $93 Million

Carillon Apartment Homes, a class A, 264-unit multifamily property in Woodland Hills, has sold for $93 million or $352,272 per unit.

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Capstone Gets Orders, Stock Up

Capstone Turbine Corp. received orders for five microturbines for multiple industrial facilities in Mexico. The company’s stock jumped on Monday.

Ghadban Leaving Simi Valley Chamber for Hollywood Chamber

Rana Ghadban, president and chief executive of the Simi Valley Chamber of Commerce, will step down Nov. 28 to lead the Hollywood Chamber of Commerce.

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One-Person Car Dealer

AUTOMOTIVE: Canadian manufacturer opens first Solo showroom in Studio City.

Dealership for Solo electric cars in Studio City.

The Number

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

Los Angeles Rams set prices for season tickets.

Coupons Still Drive Work to Repair Shops

Marketer promotes local mechanics with discount package.

Businessman promotes local mechanics.

Savvy Decisions Pay for Brokers

LIST: Firms find ways to stand out in competitive sector.

Real estate pros find ways to grow.

Panavision Purchase Puts Focus on Production

ACQUISITION: Saban plans to capitalize on filming uptick.

ACQUISITION: Saban plans to capitalize on filming uptick.

Foundation Relocation

Hilton pays $50 million for Dole headquarters in Westlake Village

Hilton Foundation buys Dole Food Co. headquarters.

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Good Times for Hotel Rehabs

construction: Rising tourism leads to new building, facelifts.

Firms specializing in hotel renovations have plenty of projects lined up.

How Prop 6 Would Hurt the Valley

Those of us who live in the San Fernando Valley know firsthand the frustration caused by sitting in traffic and driving on roadways and bridges that need repairs or replacement.

Why We Shouldn’t Disband BIDs

It’s dispiriting to see business improvement districts attacked by an academic group in league with a homeless advocate.

AROUND THE VALLEYS

News and notes from the greater San Fernando Valley

News and notes from the greater San Fernando Valley

A Tale of Two Cowboys

A nostalgic-minded son ran a steakhouse as a tribute to his father ‘Crash’ Corrigan, a stuntman for Western movies.

Recall the Old West at Corrigan’s Steakhouse.

Chambers Widen Appeal Beyond Meet and Greet

LIST: Government relations assume a bigger role at business organizations.

Business groups take lobbying role.

Couple Caters to Autistic Kids at Northridge Gym

FRANChISING: Volunteerism led to employment and now business ownership.

Couple with disabilities become owners of gym.

Helicopter Operator Flies Into the Drone Market

MANAGEMENT: Airborne photography accounts for highest revenue growth.

Helicopter firm adds drones to air fleet.

Fast-Track Designer

James Heimler has knack for quickly drawing architectural plans for a variety of buildings types in the Valley.

Architect James Heimler designs a variety of building types.

Captain Speaking

He started flying Learjets out of college. Now Brian Kirkdoffer is chief executive at Clay Lacy Aviation.

When Brian Kirkdoffer had dinner with aviation entrepreneur Clay Lacy, he didn’t know it would change his career.

AeroVironment Soars, But Is It All Hot Air?

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

AeroVironment shares rise on deals.