San Fernando Valley Business Journal


Filling Nestle’s Big Footprint

OFFICE: Food giant’s exit will leave 15 floors empty in prime Glendale building.

Glendale’s potential up and downside from Nestle’s exit.

B. Riley to Purchase East Coast Investment Bank

FINANCE: Proposed deal for $160 million will create national small-cap financier.

B. Riley Financial adds equity transaction services and national locations through purchase of East Coast brokerage.

Virtual Realtors

REX and a Hollywood production house partner on 3D marketing campaign for a $57.5 million Malibu beach house.

Online broker REX partners with virtual reality studio to market homes in the digital world.

New Terminal Underway for Burbank Airport

CONSTRUCTION: Do travelers want stairs for boarding flights or modern jetway?

Hollywood Burbank Airport has started soil testing at the site of a proposed new terminal building.

Indy Supermarket Starts With Charity Donation

RETAIL: Grocery Outlet gives $1,000 in conjunction with its grand opening.

The Burbank location of Grocery Outlet Bargain Market has been open for less than a month, but it’s already clear that the store is committed to offering more to area residents than discounted groceries.

New Autism Center to Conduct Brainwave Study

RESEARCH: Grant will fund test to determine viability of nonverbal communication.

California Lutheran University’s new Autism and Communication Center in Thousand Oaks just received its first major research grant, which will fund a study that could change the way nonverbal people speak.

Dr. Addiction

Howard C. Samuels understands substance abuse as a former addict and now chief executive at Hills Treatment Center.

Howard C. Samuels, once addict, describes running a recovery center.

SPECIAL REPORT: Working on Six Strings

Whether they ply their craft in an old warehouse, garage or workshop, custom guitar manufacturers love to call the Valley region home.

Spotlight on the Valley’s custom guitar manufacturers.

SPECIAL REPORT: Michael Ciravolo

Michael Ciravolo, Schecter Guitar Research.


Mike Pinter, Pinter Instruments


Mike Lipe, Lipe Guitars USA


Avi Shabat, Shabat Guitars

Finally, Vineyards at Porter Ranch Fully Ripe

DEVELOPMENT: $150 million project to include medical, hotel and apartments.

February was a banner month for a major retail, residential and commercial project with a long history in Porter Ranch.

Around the Valleys

News and notes from the greater San Fernando Valley

The Lancaster City Council voted to give a $2.9 million contract to BYD Energy to transition the city’s streetlights to LEDs by the end of the year.


Calendar of events

Nestle’s Move Hard to Swallow

Nestle’s relocation could say a lot about the state; California needs to spend more on infrastructure.

ACA Reform Could Help Valley Firms

Reforming national health care.

Blow a Tune on That Gold Bar

MUSIC: Phil Sardo has passion for high-end harmonicas.

Making the music of harmonicas in Sherman Oaks.

Hospitals Move To Main Street

REAL ESTATE: Health providers find retail space lures patients.

Large health care organizations take retail and office space.

Prop Store Grows from Auction Sales

Movie memorabilia craze sparks expansion into Santa Clarita.

Prop Store LA expands to Santa Clarita Valley.

Site Seeking Donors for Debt Relief

Students can harness social media to pay down school loans.

Crowdfunding students pay down debt with new website.

KCSN Airs Advice for Showbiz Jobs

Radio program pairs hopeful students with Hollywood mentors.

Radio station turns the mike on Hollywood success stories.

The Number

Did the Aliso Canyon gas leak dent housing prices? Apparently not.

Confluence in Santa Clarita

UTILITIES: With backing from business groups, water districts plan merger to reduce costs.

Reducing redundancies is one reason business groups support merging two Santa Clarita water districts.

MannKind Contemplates Reverse Stock Split

BIOTECH: Chief executive hopes new sales strategy will lift share price.

MannKind formulates strategies to reverse stock price decline.