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

Tutor Perini Reaches Record Backlog of $8.7 Billion

Tutor Perini Corp. achieved a record backlog of contracts worth $8.7 billion during the second quarter, with higher-than-expected net income and lower revenue, the company announced Tuesday.

The Number

3.05 million Members of L.A. County credit unions

Salem to Replace Music Countdown Host

Shares of Salem Media Group moved higher Monday after the company announced it will replace Jeff Steele, host of its Singing News Radio Network’s countdown show for Southern Gospel music, with radio personality Rodney Baucom.

New Chick-fil-A Opens in West Hills

Chick-fil-A opened a new restaurant Thursday at 6400 Fallbrook Ave. in West Hills.

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Mission Valley Bank Earnings Dip in 2018

Mission Valley Bancorp announced earnings for the first half of 2018 of $2.17 million, a slight decrease from the $2.21 million posted last year.

Rex Real Estate Offers Buyback Guarantees

Online brokerage firm Rex Real Estate has expanded its offerings with a 30-day home buyback guarantee.

Chatsworth Residents Sentenced for $20 Million Mortgage Fraud

Three Chatsworth residents who owned or managed foreclosure rescue companies were sentenced Monday for their roles in a mortgage fraud, the Department of Justice announced.

United Chambers Issues Statement of Support for Westfield's Promenade 2035 Project

The United Chambers of Commerce of the San Fernando Valley and Region has issued a statement of support for the Westfield Promenade 2035 Project as it enters its environmental impact review phase, the organization announced Monday.

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Women Entrepreneurs: #16 Mitzi Like

Chief Executive, LBW Insurance and Financial Services Valencia

The List: Women-Owned Businesses profiles

LTC Renegotiates $600 Million Credit Facility

LTC Properties Inc. has entered into a new amended unsecured credit agreement to replace its previous unsecured credit agreement from 2014, the company announced Thursday.

Metro Board Approves Van Nuys Rail Project

The board of Los Angeles County Metropolitan Transportation Authority, or Metro, voted Thursday to build a light rail system down the center of Van Nuys Boulevard.

Valley-Region Companies Join Russell 3000

A pair of health-related companies in the Valley region announced they joined the Russell 3000 Index this week.

Sherman Oaks Chamber Announces Golden Oak Award Winners

The Sherman Oaks Chamber of Commerce has announced the eight winners of its Golden Oak Awards. The winning businesses will be honored at an Award Gala at Club Aston on the lot of Galpin Motors in North Hills on July 20.

The Number

Taxes and fees are business’ biggest concern.

#1 Ranking of ‘taxes and fees’ as business issue for last eight years

Farmers Insurance Names Chief Claims Officer

Farmers Insurance has promoted Rob Howard to the position of chief claims officer, effective June 11.

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Tutor Perini Wins $410 Million Contract for Purple Line Extension

Tutor Perini Corp. announced Friday that its joint venture with Frontier-Kemper has won a contract to build tunnels for Los Angeles County Metropolitan Transportation Authority’s Purple Line Extension project.

BlackLine Gains on Hiring of Former NetSuite Executive

Shares of BlackLine Inc. rose Tuesday after the company announced the hiring of Mark Woodhams, a former sales executive at NetSuite, as senior vice president of global sales effective July 1.

Developer Proposes Encino Assisted Living

A Pacoima developer plans to build an assisted living facility at 17017 Ventura Blvd. in Encino, according to the Real Deal.

Lemons Sweeten Limoneira’s Second Quarter

Higher lemon prices propelled Limoneira Co. to higher net income and revenue during the company’s fiscal second quarter.

Valley Mom’s Cookie Flavor Could Earn Her $500,000

Winnetka woman has a winning Oreo flavor.

Public Storage’s European Affiliate May Go Public

Public Storage’s affiliate in Europe, Shurgard Self Storage Europe, is considering an initial public offering.

Taxes, Regulation, Housing Top Business Issues Per BizFed Survey

A survey of more than 700 business leaders in L.A. County found that taxes, government regulation and housing are their top concerns.

AmaWaterways Christens New River Cruiser

AmaWaterways has christened river cruise ship AmaLea with a ceremony in Vilshofen, Germany.

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Capstone Sells 1.4 Megawatt System in United Kingdom

Capstone Turbine Corp. has sold a 1.4 megawatt generator to a client in the United Kingdom.

B. Riley Raises $97 Million for MagicJack Purchase

B. Riley Financial Inc. has raised nearly $97 million in a senior note placement, the company announced Thursday.

HUB Exec to Specialize in Insurance for Real Estate Industry

HUB California has hired Mark Dobbs as a vice president for its national Real Estate Specialty Practice in Westlake Village.

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Canoga Park Apartment Complex Sells for $17.6 Million

The Park Place apartment complex at 8700 De Soto Ave. in Canoga Park has sold for nearly $17.6 million, according to the Encino office of brokerage Marcus & Millichap Inc.

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Earnings: Tix, ImmunoCellular

Losses grow at Tix Corp. while ImmunoCellular Therapeutics Ltd. narrows its losses.

Earnings: NetSol, Sienna Biopharmaceuticals

NetSol reports profitable quarter while Sienna Biopharmaceuticals has a loss.

The Number

37% L.A. entrepreneurs who expect national economic improvement in 2018

Earnings: Interlink Electronics, Second Sight

Interlink Electronics Inc. reports lower revenue and earnings, while Second Sight has a widening loss.

Tejon Ranch Swings to Profit

Tejon Ranch Co. had net income for the first quarter in contrast to a loss during the same period a year ago, the company announced Monday.

CRC Shares Jump 22 Percent on Quarterly Results

Shares of California Resources Corp. gained more than 22 percent Friday, buoyed by the company’s quarterly financial results announced on Thursday.

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Capstone Signs Exclusive California Distributor

Capstone Turbine Corp. has selected Cal Microturbine as the company’s exclusive distributor for all vertical markets in California, Capstone announced Friday.

Semtech Acquires Colorado Company

Semtech Corp. has acquired substantially all the assets of IC Interconnect Inc., a private provider of services to the silicon chip manufacturing industry from its facilities in Colorado Springs, Colo.

BYD Delivers First Electric Truck to Goodwill

BYD Motors Inc. unveiled the first of 11 delivery trucks it is building for San Francisco Goodwill, a nonprofit chain of thrift stores.

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NBCUniversal CEO's Paycheck Grows to $46.5 Million

NBCUniversal’s Chief Executive Steve Burke took home $46.5 million last year, slightly more than the $46 million in 2017, according to filings with the Securities and Exchange Commission on Monday.

The Number

3 Ranking of Thousand Oaks on Safest Cities in America list

Great American to Liquidate Bon-Ton Stores

Liquidation firm Great American Group has partnered with Tiger Capital Group sell off the inventory of 212 locations of Bon-Ton Stores Inc.

Restructuring Firm Omni Management Acquired

In a combination of restructuring firms, L.A.-based Beilinson Advisory Group has purchased Omni Management Group in Woodland Hills, the companies announced Thursday.

L.A. City Council Approves Street Vending Program

Los Angeles City Council approved proposed rules for a sidewalk vending program on Tuesday.

Study: Amgen’s Aimovig Curtails Migraine Days

Amgen Inc. said a new study showed its drug Aimovig is an effective preventive treatment migraine patients who have tried other treatments that either didn’t work or had intolerable side effects, the company announced Tuesday.

The Number

2% Businesses that balance core competencies and innovation

Quarterly Results Lift Simulations Plus

Shares of Simulations Plus Inc. rose more than 6 percent Tuesday after the company reported results for its second fiscal quarter.

Limoneira Forms Grupo Argentino

Limoneira Co. has formed Grupo Argentino, a cooperative arrangement between the company and leading citrus packers in Argentina, the company announced Tuesday.

AeroVironment Tests Military Maritime Drones

AeroVironment Inc. has conducted a maritime demonstration of the automated sensor-to-shooter function for its Puma and Switchblade drones from a U.S. Navy ship, the company announced Monday.

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New Name, Ownership for Valencia Golf Course

The Oaks Club at Valencia is the new name for the golf course formerly known as the Tournament Players Club Valencia.

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MannKind Drops 25 Percent on Stock Offering

Shares of MannKind Corp. fell nearly 25 percent Friday, after the company announced a $28 million stock offering.

ApolloMed Merger Complicates Annual Report

Apollo Medical Holdings Inc. has announced its fiscal year results, but the financial numbers only reflect 23 days’ of the company’s performance.

The Number

13% Increase in passengers at Hollywood Burbank Airport

Hollywood Burbank Airport reported an airline passenger count of 370,230 in January, a 13 percent increase compared to the same month a year ago.

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