Andrew Foerch

Staff Reporter (Retail, Nonprofits)

Phone: 818-316-3130 Extension: 124

Recent Stories

Grocery Outlet Opens in Winnetka

Grocery Outlet Bargain Market has opened a new location in Winnetka. The store has created about 25 jobs, according to the company.

Steve Nissen Selected as LAEDC Chairman

The Los Angeles County Economic Development Corp. has selected longtime Valley executive Steve Nissen as its new chairman.

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L.A., Ventura Counties to Re-Close Dining Rooms

Los Angeles and Ventura county dining rooms have been mandated to shut down again, just weeks after receiving approval from regulators to serve customers on location.

Apex Launches Clothing Line With Built-in Masks

Apex Global Brands is looking to capitalize on the coronavirus pandemic with a new line of performance apparel that features built-in face masks.

Glendale Man Pleads Guilty in $5.2 Million ‘Synthetic Identities’ Fraud

Glendale resident Mikayel Hmayakyan, 43, pleaded guilty Monday to two counts of federal bank fraud for leading a credit card scheme using fake identities.

‘Jeopardy’ Host Alex Trebek Gives $500,000 to Hope of the Valley

Longtime host of TV show ‘Jeopardy’ Alex Trebek and his family have donated $500,000 to help homeless shelter nonprofit Hope of the Valley Rescue Mission construct a new headquarters facility called Hope Central.

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Farmers Insurance Sponsors APGA Golfers

Farmer’s Insurance in Woodland Hills will sponsor golfers Willie Mack III and Kamaiu Johnson in the 2020 Advocates Professional Golf Association Tour.

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B. Riley Acquires Auto Advisory Firm

B. Riley Financial Inc. has acquired Alderney Advisors, an automotive restructuring firm in Southfield, Mich., near Detroit.

Marcus & Millichap Co-Chair Dies of Cancer

William Millichap, co-chair of Calabasas real estate brokerage Marcus & Millichap Inc., has died after a yearlong battle with cancer.

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Weatherman Fritz Coleman Retires from NBC4

Longtime NBC4 weathercaster and Valley denizen Fritz Coleman has announced his retirement after 39 years in front of the camera.

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Chef Merito Hires Ad Agency for Cook-at-Home Campaign

Chef Merito Inc., a Van Nuys manufacturer and distributor of spices and seasonings, has hired L.A. marketing agency Sensis to create a branding campaign targeting Latinx consumers.

Velocity Financial Completes $128 Million Securitization

Velocity Financial Inc. has completed its second securitization transaction of 2020.

Glendale Man Pleads Guilty in Tax Scam

Glendale resident Armen Martirosyan, 62, pleaded guilty Wednesday to a federal charge of bank fraud for filing and collecting tax returns under stolen identities.

Valencia's Raises $1.7 Million

Online auction site, based in Valencia, has completed its first round of financing.

Shake Shack Opens in Canoga Park

Burger chain Shake Shack has opened a restaurant on Topanga Canyon Boulevard in Canoga Park, marking the company’s entry into the West Valley.

Four N 20 Diners Close in Valley Village, Sherman Oaks

Long-standing Valley diner Four N 20 has closed its two locations in Valley Village and Sherman Oaks due to the financial effects of the coronavirus pandemic.

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Retail Disrupted

REGULATION: After weeks of closure, restaurants and shopping centers learn to reopen for post-pandemic customers.

After weeks of closure, restaurants and malls get ready to re-open for post-pandemic customers.

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Peter Foy Insurance Plans to Become Bigger Fish

INSURANCE: Acquisition strategy attracts equity investment for more deals.

Woodland Hills insurer Peter C. Foy & Associates Insurance Services attracts attention of private equity firm.

Dine Brands in CEO Search Mode

Restaurant operator to replace Steve Joyce.

Dine Brands Global Inc. is in the market for a new chief executive.

Feuer Targets Rogue Retailers

City charges 34 Valley stores for opening illegally.

Los Angles City Attorney Mike Feuer targets businesses not adhering to stay-at-home orders.

Finance Ahead of Curve

Tenant rep advises not to spend money on office configurations until air clears.

For Encino accounting firm Rose Snyder & Jacobs LLC, the work-from-home model has shown promise during the COVID-19 pandemic. Even so, for some accountants, there’s no place like the office.



PizzaRev’s Exit From Valley Sites

COVID-19 closes outlets of build-your-own pizza chain.

PizzaRev, a Westlake Village-based franchisor of build-your-own pizzerias, has eliminated its retail presence in the San Fernando Valley and most of L.A. County because of the financial effects of COVID-19.

Zobrist Software Group Forms Partnership

Zobrist Software Group, an e-commerce software provider in Woodland Hills, has announced a partnership with CoreMedia, a German content management platform developer.

Cheesecake Factory Reopens to Solid Sales

The Cheesecake Factory has reopened about 25 percent of its dining rooms across the country with limited capacity, according to a business update released late Tuesday by the Calabasas restaurant operator.

Cal Lutheran Selects New President

California Lutheran University has selected Lori Varlotta as the school’s eighth president, effective Sept. 30, the Thousand Oaks school announced Tuesday. She is the first woman president in Cal Lutheran’s 61-year history.

Valley Retailers Prepare for Protests

Panorama City Mall was scheduled to reopen for in-store shoppers on Monday but was forced to postpone due to protests taking place near the property.

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Dine Brands Searches for Next CEO

Dine Brands Global Inc. announced Thursday it has started a search for its next chief executive.

Woodbury Named ‘College of Distinction’

For the sixth consecutive year, Woodbury University in Burbank has been recognized as a “College of Distinction.”

CRC on Hunt for Spare $500 Million

Oil company seeks loan to survive a Chapter 11 filing

Shares of California Resources Corp. plunged earlier this month after the Wall Street Journal reported the Santa Clarita oil and gas company was asking lenders for a loan of $500 million to $600 million to carry it through a possible Chapter 11 filing.

Our Call Volume Increased by 100 Percent

Louie Valdez, managing director of investments at Valdez & Polanski Wealth Management Group of Wells Fargo Advisor, has worked in finance for 28 years. His team specializes in providing comprehensive wealth management to affluent families in the Conejo Valley. Valdez, himself a Conejo Valley native, graduated from California State University – Northridge in finance and economics. He later bolstered his credentials by becoming a Certified Financial Planner and earning a master’s degree in personal financial planning. He is currently co-chair of the California State University – Channel Islands Planned Giving Council and the nonprofit Senior Concerns of Thousand Oaks. He also served as chairman of the Moorpark Foundation for the Arts. In 2016, Valdez was a recipient of the San Fernando Valley Business Journal’s Trusted Advisor Award. Valdez has been married to his wife, Tina, for over 25 years and has two children, Anthony and Alexis.

Bear Markets Have Three Phases

Prior to founding Manchester Financial in 1990, Robert Katch was associate treasurer at Pepperdine University in Malibu. He was responsible for the university’s corporate finance function including cash and debt management, as well as the institution’s $250 million investment portfolio. From 1991 through 2003, Katch also served as an adjunct professor at Pepperdine, where he taught investment, accounting and finance courses. He currently serves on the board for Pepperdine’s Seaver College and chairs the investment committee for the Ventura County Community Foundation’s endowment portfolio.

Sports Academy Rebrands Without the Mamba

Training facility separates from Bryant family.

Mamba Sports Academy has dropped the “Mamba” from its name and rebranded as Sports Academy four months after celebrity partner Kobe Bryant died in a helicopter crash in the hills of Calabasas.

National Chains Succumb to the Coronavirus

Neiman Marcus’ Chapter 11 and Souplantation closure.

Glass Doors Add to Safety in Hospitals

Waiting rooms use walls to divide and conquer viral infection.

Are medical waiting rooms due for a redesign? Valley businessman Doron Polus thinks so.

Resilience in Self Storage

INDUSTRIAL: Business model works in current economy.

Amid the economic wreckage brought on by COVID-19, one industry stands out for its resilience to the virus: self-storage.

Slowdowns Are Not Typically Self-Induced

After 23 years of financial management experience, Jason Sands has hollowed out a niche consulting for wealthy West Valley families – his clients have a net worth of $5 million or more and at least $1 million in liquid investable assets. Sands started his career in 1994 as a finance executive at Henson Aviation Services Inc. in Newbury Park. He left in 1997 to join Merrill Lynch as a financial consultant, where he spent three years before becoming an advisor at Wells Fargo Advisors in Encino. He stayed there for nearly 20 years. Sands joined Ameriprise Financial Services in Woodland Hills in March 2019.

Preview: Resilience in Self Storage

INDUSTRIAL: Business model works in current economy.

Poms & Associates Rebrands with TV Ads

While most businesses have focused solely on surviving COVID-19, insurance brokerage Poms & Associates has launched a rebranding campaign.

Valley Economic Alliance Receives Wells Fargo Grant for Business Support

The Valley Economic Alliance has received a grant of $65,000 from Wells Fargo.

Green Hydrogen Plant for Lancaster

Energy startup SGH2 has signed a deal with Lancaster officials to build a first-of-its-kind clean hydrogen production plant in the Antelope Valley.

Teledyne Sensors for Diagnosis of COVID-19

A subsidiary of Teledyne Technologies Inc. is manufacturing image sensors called charged coupled devices, or CCDs, for use in COVID-19 diagnostic tools.

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PizzaRev Closes San Fernando Valley Restaurants

PizzaRev, a Westlake Village-based franchisor of build-your-own pizzerias, has eliminated its retail presence in the San Fernando Valley and throughout most of L.A. County because of the financial effects of COVID-19.

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Homes 4 Rent Joint Venture to Build Houses in Las Vegas

A joint venture of American Homes 4 Rent and J.P. Morgan Asset Management has launched its first project to build 34 single-family homes in the Sovana and Spring Valley neighborhoods of Las Vegas.

Valencia Auto Center Reopens With Strong Sales

After eight weeks of mandated closure, car dealerships in the Valencia Auto Center reopened last Friday to strong demand.

Mamba Sports Academy Rebrands

Mamba Sports Academy will drop the “Mamba” from its name and rebrand as Sports Academy, the company announced Tuesday.

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Souplantation Closes Due to COVID-19

Buffet chain Souplantation will permanently close all locations because of the financial effects of COVID-19. It is the first national restaurant chain to shutter due to the pandemic.

MGA: From Toys to Protective Gear

Manufacturer to donate production from retooled Ohio facility.

MGA Entertainment Inc. retools toy factory to make protective gear.

On-Stage Survival

ENTERTAINMENT: Nonprofit, city council gather funds for 18 at-risk theaters in NoHo.

Nonprofit, city council raise funds for 18 at-risk theaters in North Hollywood.

Corporations, Foundations Take Action Against the Coronavirus

Dole, Amgen, others lend hand to health care, nonprofit sectors.

Corporate philanthropy makes for a good marketing strategy.