Andrew Foerch

Email: afoerch@sfvbj.com
Phone: 818-316-3130 Extension: 124

Recent Stories

Guitar Center Files for Chapter 11

Guitar Center filed on Sunday for Chapter 11 protection from creditors.

Advocate Seeks Change in the Valley Via 501(c)(3)

Daily protests in Sherman Oaks spawn organization.

Latora Green has been protesting police brutality and institutional racism on the steps of the Sherman Oaks Galleria for 176 consecutive days.

LISC Manages $103 Million in Business Grants

Valley companies benefit from recovery fund.

By the end of 2020, the Los Angeles branch of the nonprofit financial institution Local Initiatives Support Corp., or LISC, will have distributed roughly $103 million in grants to local small businesses

Lawyers See Flood of Bankruptcies in Early 2021

ECONOMY: Filings a ‘trailing indicator’ of pandemic’s havoc.

Lawyers expect a wave of bankruptcies to be filed in early 2021.

‘Intersecting Crises’

PROFILE: Incoming CSUN president Erika Beck talks about how online work and learning impact education.

Interview with Erika Beck, the incoming president of California State University – Northridge.

Preview: Lawyers See Flood of Bankruptcies in Early 2021

Bankruptcy filings could reach a historical high next year as the coronavirus pandemic continues to wreak havoc on business operations in nearly all industries.

Amazon Fresh Opens in North Hollywood

Amazon.com Inc. opened an Amazon Fresh grocery store in North Hollywood.

Encino Couples Charged with Defrauding PPP Program

Two Encino couples were charged Tuesday for allegedly submitting dozens of fraudulent loan applications to the Small Business Administration.

Dine Brands Selects John Peyton as Chief Executive

IHOP and Applebee’s parent company Dine Brands Global Inc. in Glendale announced on Tuesday the selection of John Peyton as its next chief executive. Peyton will replace current chief executive Steve Joyce effective Jan. 4.

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Guitar Center Reveals Chapter 11 Restructuring Plan

Guitar Center has confirmed it will soon enter a Chapter 11 financial reorganization to offload about $800 million in debt.

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Seven Valley Residents Charged in Money Laundering Scheme

The FBI arrested seven Valley residents for their alleged participation in a money laundering operation that obtained more than $30 million through fraudulent tax returns and other schemes.

Amazon Fresh Supermarket Opens in Northridge

Northridge is the latest spot in the Valley to host Amazon.com Inc., which opened an Amazon Fresh grocery store at 19340 Rinaldi St.

Insperity to Open Woodland Hills Office

Human resources provider Insperity Inc. has opened a sales office in Woodland Hills.

Valley Philanthropist, TV Host Alex Trebek Dies at 80

Alex Trebek, the longtime “Jeopardy!” host and prominent Valley philanthropist, died Sunday at 80 years old.

Planet Fitness Inks Anchor Lease in Simi

Gym chain positioned for post-pandemic growth.

Gym chain Planet Fitness Inc. has signed a 10-year lease to take over a 22,400-square-foot vacancy at Sycamore Square Shopping Mall in Simi Valley. Financial terms of the lease were not disclosed.

AROUND THE VALLEYS

AROUND THE VALLEYS

AROUND THE VALLEYS

Back to Business for California Resources Corp.

ENERGY: Oil producer drops debt load in Chapter 11.

Oil and gas producer California Resources Corp. has shed about $4.4 billion in debt after trading it for equity during a Chapter 11 financial reorganization, the company announced late last month.

JB Office

JB Office

Toner cartridges, office supplies and janitorial products are generic, but JB Office has found a way to leverage easy ordering technology and logistics to separate the company from its competitors.

Guitar Center’s Worrying Debt

Missed bond payment spurs reorganization talks.

Guitar Center and its creditors are discussing reorganization under Chapter 11 as a possible way to relieve the company’s debt load, according to the New York Times, which cited sources familiar with the situation.

Dine Brands Looks to Close Sites

Franchisor to shutter ‘up to 100’ IHOPs, 15 Applebee’s.

IHOP’s parent company said it expects to close “up to 100” of the chain’s restaurants over the next six months, a direct result of the pandemic’s chokehold on the food service industry.

LIFTInnovate

LIFTInnovate

LIFTInnovate wants to bridge the gap between new technology and the ways people work.

Osteria la Buca Opens

Italian restaurant takes storefront in Sherman Oaks.

Osteria la Buca, one of the Southland’s most popular casual Italian joints in L.A.’s Fairfax district, has opened a Valley outlet on Ventura Boulevard in Sherman Oaks.

Acquisition Will Bring Bat and Ball Together

SPORTS: Rawlings, Easton consolidate the market for baseball equipment.

Easton Diamond Sports in Thousand Oaks will become an even bigger fish in the pond of baseball and softball following its acquisition by Rawlings Sporting Goods Inc.

Simi Valley Chamber Launches Program to Reward Local Shoppers

The Simi Valley Chamber of Commerce wants to reward people for shopping local.

Preview: Back to Business for California Resources Corp.

Oil producer drops debt load in Chapter 11.

Burbank Nixes Rent Control; Calabasas May Tax Cannabis

Valley voters on Tuesday decided the fate of several key initiatives in their cities.

Encino’s Eco Tech Allegedly Involved in PACE Fraud

Home energy equipment provider Eco Tech in Encino has been barred from participating in the state’s Property Assessed Clean Energy program, or PACE, after the California Department of Financial Protection and Innovation discovered the business had allegedly signing up customers fraudulently for the program.

Entertainment Tech Firm BEN Acquires TubeBuddy

Entertainment and data company BEN in Sherman Oaks will acquire San Diego-based TubeBuddy.

Princess Cruises Extends Delay in Australia

Princess Cruises has extended its pause of operations in Australia and New Zealand through May 31 of next year.

Dine Brands to Close Underperforming IHOP Restaurants

Dine Brands Global Inc. expects to close as many as 100 IHOP restaurants over the next six months.

California Resources Emerges from Chapter 11

Oil and gas producer California Resources Corp. has completed its financial restructuring under Chapter 11.

Planet Fitness Signs 10-Year Lease in Simi Valley

Gym chain Planet Fitness has inked a 10-year lease to take over a 22,400-square-foot vacancy at Sycamore Square Shopping Mall in Simi Valley.

Last Round of Grant Applications for L.A. Recovery Fund

The L.A. Regional COVID-19 Recovery Fund will accept its sixth and final round of small business grant applications this week.

Italian Outplacement Firm Enters U.S. Via Valley

STAFFING: Acquisition the first step toward ‘global reach’ from Burbank.

The outplacement division of human resources technology firm CareerArc in Burbank has rebranded as Intoo USA

Malls Wary for Reopening II

Malls Wary for Reopening II

L.A. County’s second reopening of indoor shopping facilities.

Boss Audio Launches Njoie Massager Brand

Product targets consumers in the mid-price range.

Oxnard audio company releases an affordable massage gun

CSUN Students Help JPL Research

Center integrates design and humanities with hard science.

Cal State Northridge students help on projects at Jet Propulsion Laboratory.

Stoker, Dr. Seuss Tomes Sell in Online Auction

Agoura Hills firm makes literary sales virtually.

It’s rare to find first editions of classic literary books for sale, and rarer still to find a collection with hundreds of them up for auction all at once.

Palmdale Residents Save Staying Home

In Antelope Valley city, pandemic puts $3,500 back in pockets.

Some people who began working remotely during the pandemic have enjoyed reduced daily transportation and travel costs

Preview: Malls Wary for Reopening II

After almost seven months of mandated closure, indoor malls in Los Angeles County are back in action.

Rawlings to Acquire Easton Diamond Sports

Easton Diamond Sports in Thousand Oaks has entered an agreement to be acquired by Rawlings Sporting Goods Inc.

Loop Media Acquires Podcast App, Forms Subsidiary

Loop Media Inc. has signed an agrement to acquire Spkr, an app that curates podcast lists.

Marcus & Millichap Buys Mission Capital

Calabasas real estate brokerage Marcus & Millichap Inc. has entered an agreement to acquire Mission Capital Advisors.

Rare Book Auction in Agoura Hills

GWS Auctions Inc. in Agoura Hills plans to sell 150 rare books and texts sourced from the inventory of the store Mystery Pier Books in Los Angeles.

Glendale Bans Sale of Mylar Helium Balloons

Glendale City Council this week passed an ordinance banning the sale of mylar balloons filled with helium or other lighter-than-air gases within city limits.

Six Flags, Universal Cut Park Employees

Amusement park operator Six Flags Entertainment Corp., which owns Magic Mountain in Valencia, will lay off 240 employees.

Fernando Awards Postponed Until 2021

The Fernando Award gala dinner will be postponed until next year, Fernando Awards Foundation.

Carnival Cancels November Cruises, Stock Drops

Carnival Corp. has canceled cruises departing from Miami and Port Canaveral, Fla., this November.

Network Manages Switch to Digital

ProVisors expands membership despite no face-to-face meetings.

ProVisors, a Sherman Oaks-based networking organization for business service professionals, found itself scrambling when the coronavirus pandemic put a stop to luncheons and office-based meetings – the basis of all its activities.

‘Haunt-o-ween’ Offers Drive-Thru Spook Alley

Pop-up attraction provides fun at a safe social distance.

Los Angeles production house Experiential Supply isn’t letting the city’s trick-or-treating ban dampen Halloween.