Joel Russell

Editor

Joel Russell is editor of the Business Journal and is responsible for the content of the publication.

Email: jrussell@sfvbj.com
Phone: 818-316-3125 Extension: 116

Recent Stories

Northridge Man Sentenced in Credit Card Scheme With ‘Collusive Merchants’

A Northridge man has received 21 years in federal prison for a scheme in which credit card and bank loan scheme that took money from banks, credit card comapnies, car dealerships and utility companies.

ASGN Contracts to Reconfigure Military Health Records

A division of staffing and technology consulting firm ASGN Inc. has won a contract to develop a legacy consolidation system for military health records.

CRC’s Belated Quarterly Filing Outlines Precarious Situation

California Resources Corp. filed its first-quarter financial results with the Securities & Exchange Commission on Thursday with the caution that management has “substantial doubt” about the company’s ability to continue as a going concern.

Teledyne Joins S&P 500 Index

Teledyne Technologies has joined the S&P 500 Index, according to S&P Dow Jones Indices in New York.

Loop Media Splits Stock After Reverse Merger

Loop Media Inc. has implemented a 1-for-1.5 reverse stock split of its shares after completing its previously announced reverse merger with Interlink Plus in Nevada.

AMS Employees ‘March for Change’ in Valencia

On Thursday, employees of AMS Fulfillment in Valencia participated in a “March for Change” from the company’s headquarters building to a nearby warehouse.

Shares Gain After Limoneira Reports Tough Quarter

Shares of Limoneira Co. gained Wednesday, even though the company reported lower revenue and a net loss the previous day.

Morning Drive Stuff of History

New book retraces colorful past of 101 Freeway, ‘El Camino Real.’

New book traces the colorful history of the 101 Freeway.

VALLEY INSIDER

CEO Shifts at Disney

A flurry of leadership changes at Walt Disney Co.

Equity Purchase Pumps Capital into Endonovo

Endonovo Therapeutics Inc. has arranged an equity purchase agreement with Cavalry Fund I, under which Endonovo will sell up to $10 million in shares during the next 24 months.

VALLEY INSIDER

Switching Chairs

American Homes 4 Rent has appointed Kenneth Woolley as independent chairman of the board.

Cal State University Classes Mostly Online in Fall

The California State University system plans to cancel nearly all in-person classes in the fall and move classes online, Chancellor Timothy White announced Tuesday.

Greater San Fernando Chamber Joins Recovery Fund Coalition

The Greater San Fernando Valley Chamber of Commerce announced Monday it has joined America’s Recovery Fund Coalition, an alliance of more than 100 trade associations and business organizations advocating for a grant-based federal assistance program for businesses.

Earnings: Public Storage, ASGN

Both Public Storage and ASGN reported higher earnings despite coronavirus impact late in first quarter.

PS Business Parks Appoints Interim CEO

PS Business Parks Inc. announced last week that John Petersen, the company’s chief operating officer, was appointed interim chief executive officer while Chief Executive Maria Hawthorne takes a medical leave of absence.

VALLEY INSIDER

Blockchain Brain Trust

Blockchain investment firm Draper Goren Holm welcomes new partner.

VALLEY INSIDER

A Fast Repurchase Plan

LTC Properties Inc. reverses direction on share repurchase program.

Response to Crisis

A look at how specific industries rethink processes and products to survive and prosper in the coronavirus outbreak.

By now, Business Journal readers have recognized the disruption caused by the health crisis.

Mann Foundation Wins Patent Case

Court delivers $268 million award in international dispute.

Mann Foundation wins patent case – and a $268 million award.

AeroVironment Lands $10.7 Million Drone Contract

AeroVironment Inc. has landed a $10.7 million contract for its Puma 3 drones from the U.S. Navy and Marine Corps.

Tease photo

Greater Valley Chamber Issues Urgent Call for Help

Nancy Hoffman Vanyek, chief executive of the Greater San Fernando Valley Chamber of Commerce, issued a call for help in securing financial help for business advocacy organizations dealing with the coronavirus outbreak.

Ventura County Closes Certain Businesses, Orders Elderly to Stay Home

Ventura County has ordered certain businesses to close and elderly residents to stay at home to slow the spread of coronavirus, effective Wednesday.

VALLEY INSIDER

Doll Maker’s Threepeat

“It’s a threepeat!” exclaimed MGA Entertainment Inc. Chief Executive Isaac Larian in a statement about the company’s L.O.L.

‘Jeopardy’ Host Aids Hope of the Valley

Donation supports construction of North Hollywood homeless facility.

“Jeopardy” host Alex Trebek gives money to homeless center.

Universal Studios Theme Parks Close to Contain Coronavirus

Universal Studios Hollywood and Universal Orlando Resort announced late Thursday that both theme parks will close in hopes of containing the spread of coronavirus.

Valley Restaurant, Real Estate Stocks Caught in Wall Street Selloff

Another massive selloff of stocks on Thursday caught Valley restaurant and real estate-related stocks in the downdraft.

Dow’s Massive Drop Pulls Down Valley Stocks

The Dow Jones Industrial Average fell more than 2,000 points, or 7 percent, with nearly all Valley companies caught in the downward momentum.

Oil Shock Sends California Resources Lower

Shares of California Resources Corp. fell 13.6 percent Friday in tandem with lower crude oil prices.

An Unconventional Business Opening

Ace Hardware store skips the ribbon cutting at new location.

Ace Hardware held a grand opening for its new location in Van Nuys

VALLEY INSIDER

Cost Saving Pays Off

Capstone Turbine Corp. promotes Kirk Petty to VP of operations.

Valley Stocks Fall Along With Market

Public companies in the Valley region traded lower on Monday as the Dow Jones Industrial Average plummeted more than 1,000 points.

Bank of America’s Westlake Village Campus Sold

Drawbridge Realty, a real estate investment firm in San Francisco, has purchased an office campus in Westlake Village that is fully leased to Bank of America through 2031, the company announced Tuesday.

Tease photo

VALLEY INSIDER

SHE’s Going Public

Lupe Rose readies her SHE Beverage Co. to go public.

Blackrock Divests 20 Percent of PennyMac Stock

Blackrock Inc., a New York asset management firm, has contributed its 20 percent of outstanding stock in PennyMac Financial Services Inc. to two charities.

VALLEY INSIDER

New PR Council Member

Musella Group president joins Forbes Agency Council.

PS Business Park’s $30 Million Property Trade

PS Business Parks Inc. has purchased two business parks and sold one single-tenant office building.

YEAR of the DISRUPTORS

Technology presents challenges and opportunities for professionals in the financial services sector.

Despite its buttoned-down image, the financial services industry has entered a period of turmoil caused by new technology, consumer expectations and consolidation in addition to regular capital market volatility.

VALLEY INSIDER

Bryant Riley on Board

Bryant Riley, chairman of B. Riley Financial Inc. in Woodland Hills, has joined the board of Select Interior Concepts Inc.

LemonMobile for Youth Market

Citrus company to promote entrepreneurship program.

Limoneira Co. has signed up as a promotional partner for Lemonade Day

B. Riley, Kayne Anderson Finance Furniture Chain Acquisition

A subsidiary of B. Riley Financial Inc. in Woodland Hills and Kayne Anderson Capital Advisors in Los Angeles will provide a $700 million credit facility to finance the buyout of a furniture store chain.

NBCUniversal Chief Executive Steve Burke to Step Down

NBCUniversal Chief Executive Steve Burke will step down from his position in 2020 and NBCU executive Jeff Shell is expected to replace him.

Gulfstream Opens Business Aviation Center at Van Nuys Airport

Gulfstream Aerospace Corp. announced Wednesday the official opening of a maintenance, repair and overhaul facility at Van Nuys Airport.

Tease photo

Give the Gift of an Empty Leg Flight

Online list features discount private jet opportunities.

Looking for an original holiday gift?

Shifts in Strategy

As industries change and merge, so does the motivation for deal-making.

For the San Fernando Valley, 2019 was a year of smaller deals – but lots of them.

Deals That Didn’t Work

Despite the best intentions, sometimes negotiators can never get to a satisfactory resolution.

Deals that didn’t work out this year, including Panavision acquisition.

VALLEY INSIDER

CSUN President Retires

Cal State Northridge President Dianne Harrison to step down in June.

Skidata Acquires Sentry Control Systems in Van Nuys

Sentry Control Systems has been acquired by Skidata, creating the largest provider of parking access and revenue control equipment in the United States.

Public Fire Settlement

SoCal Edison to pay $360 million to cities, counties.

Southern California Edison will pay $360 million to settle a lawsuit with 23 public entities

VALLEY INSIDER

CFO Gets Reassigned

Marcus & Millichap Inc.’s Chief Financial Officer Marty Louie transitions to new role.

Private-Label Manufacturer Blue Cross Labs Acquired

Blue Cross Laboratories in Santa Clarita has been acquired by Starco Group of Santa Monica.

Prev