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

VALLEY INSIDER

Peer Group Provides Comfort Zone for CEOs

Peer group for CEOs.

Tamara Hughes Gustavson to Chair American Homes 4 Rent Board

American Homes 4 Rent has named Tamara Hughes Gustavson as chairwoman of its board of trustees, the company announced Thursday.

Palmdale Plant Receives $17.7 Million Tax Benefit

California State Treasurer Fiona Ma has awarded Northrop Grumman Corp. a $17.7 sales tax exclusion for the purchase of new equipment to expand and upgrade its aerospace manufacturing factory in Palmdale.

Attorney Blows Off Steam Playing Trombone

Valley Bar’s trombone playing president elect.

Colliers Appoints Executive to Oversee Valley Offices

To further expand its business in the five-county Los Angeles commercial real estate market, Colliers International has appointed a new executive to oversee seven offices, including three in the greater Valley region.

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BNK Petroleum Reviews ‘Strategic Options’

BNK Petroleum Inc. has started “a formal process to identify and evaluate strategic options,” including a possible sale or merger of the company.

Cinedigm Shares Gain on Chinese Movie Deal

Shares of Cinedigm Corp. gained more than 5 percent Wednesday in the next trading session after the company announced a deal to distribute Chinese movies.

Valley Home Sales Reach Record Low as Prices Fall

The number of homes sold last month in the San Fernando Valley reached a record low for February, even as inventory expanded and prices softened, according to a report from the Southland Regional Association of Realtors.

The Number

Ventura County’s military personnel.

Dine Brands Lookin’ Good in the Neighborhood

RESTAURANTS: Share price jumps on strong fourth quarter revenue growth.

Dine Brands sees strong fourth quarter.

Princess Cruises Launches First International Advertising Campaign

Princess Cruises launched its first advertising campaign written and produced specifically for Asia and emerging markets on Wednesday.

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Sienna Slumps on Secondary Offering Announcement

Sienna Biopharmaceuticals Inc.’s announcement that it will conduct a secondary stock offering this week to raise $20 million sent shares down 18 percent on Wednesday.

Tutor Perini Wins $1.4 Billion Contract for Purple Line Extension

A joint venture between Tutor Perini Corp. and O&G Industries Inc. has received a notice of intent to award a $1.4 billion contract for the construction on Metro’s Purple Line Extension in Westwood.

The Number

A report from Calabasas-based brokerage Marcus & Millichap Inc. estimates the average rent for an apartment in Los Angeles is $2,350

Mergers & Acquisitions

Special Report: Accounting

Accountants see change in their industry.

Niches of the Number Crunchers

Special Report: Accounting

Accountants see change in their industry.

PennyMac Mortgage to Sell 7 Million Shares in Offering

PennyMac Mortgage Investment Trust plans to raise capital by 7 million of its shares, the company announced Monday.

A Steakhouse Selling Meat By the Ounce

Restaurant adapts a fast-casual format to stuffy sector.

Relaxed approach to serving steak.

Amgen Delivers Strong Fourth Quarter

Amgen Inc. announced fourth quarter results that beat Wall Street expectations on Tuesday.

Simi Valley Chamber Selects New CEO

Simi Valley Chamber of Commerce has selected Kathi Van Etten as the chamber’s new president and chief executive.

Online Home Brokerage Rex Secures $45 Million investment

Rex, a Woodland Hills company that uses technology to sell homes, has secured $45 million in Series C funding.

The Number

What Woodland Hills companies pay for internet services

What Woodland Hills companies pay for internet services

Limoneira Posts Record Revenue for 2018

Limoneira Co. had total revenue of $129 million last year, a record for the company.

Disney CEO’s Compensation Totals $65 Million

Robert Iger, the chief executive of Walt Disney Co., took home more than $65 million in compensation last year, according to the Burbank media and entertainment company filings with the Securities and Exchange Commission on Friday.

Capstone Sells Follow-on Turbine

Capstone Turbine Corp. received a third follow-on order for a microturbine from a company with natural gas operations in the Mid-Atlantic region.

Tutor Perini to Build Parking for Charleston Airport

A subsidiary of Tutor Perini Corp. has won a contract worth $88 million to build a parking structure at the Charleston International Airport in South Carolina.

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BlackLine Hires Head of Japanese Subsidiary

BlackLine Inc. has hired technology executive Yoshiko Furuhama as country manager for BlackLine K.K., the company's recently established subsidiary in Japan.

In Volatility, ‘We Want to Run Counter Cyclical’

The investment side has become much more of a commodity.

The Number

5 IPOs in L.A. region during 2018

Regional companies that went public in 2018.

Preparation Prevents Crisis During Succession

Morton Capital lost its founder, the late Lon Morton, in April 2017.

Money Management in Flux

Financial service professionals seek alternative investments and special services to separate themselves from the competition.

Professional firms find ways to differentiate.

Endonovo Signs $10 Million Stock Sale Agreement

Endonovo Therapeutics Inc. has signed an agreement with Azure Capital to sell up to $10 million of its common stock.

CEO Departure Sparks Fast Fall for Atara

Shares of Atara Biotherapeutics Inc. fell nearly 20 percent after the company announced it is looking for a new leader as its current chief executive prepares to step down.

New CEO and CFO at Public Storage

Public Storage announced Thursday that Joe Russell and Tom Boyle will become chief executive officer and chief financial officer, respectively, at the Glendale company on Jan. 1.

Hertzberg to Lead State Senate

Sen. Robert Hertzberg of Van Nuys will become majority leader of the California Senate.

Tutor Perini to Build Saudi Air Force Base

A subsidiary of Tutor Perini Corp. has won a contract worth $104 million from the U.S. Air Force to design and construct facilities for the Royal Saudi Air Force, the company announced Tuesday.

Cherokee Turns Profit in Quarter Despite Lower Revenue

Cherokee Global Brands reported a profit during its third fiscal quarter despite lower revenues.

James Cameron Co-Founded School Offers Franchise Opportunities

Muse Global, a school in Calabasas co-founded by filmmaker James Cameron, his wife Suzy Amis Cameron and her sister Rebecca Amis, has entered the franchise market to expand its educational format in the U.S. and internationally.

CRC Consolidates Elk Hills Field

In April, California Resources Corp. purchased portions of the Elk Hills oil field from Chevron Corp. for $460 million and 2.85 million shares of the company’s stock.

Deals of the Year

M&A fever finds fertile conditions in the Valley region.

2018’s largest transactions in the Valley area.

The Number: Dec. 10

Thousand Oaks is the No. 12 most affordable city in California to buy a used vehicle this fall, according to a study by Autolist.com, a website for car sellers.

HemaCare Opens Northridge Headquarters

HemaCare Corp. officially opened it new Northridge headquarters Thursday.

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Valley Stocks Drop in Falling Market

A range of companies headquartered in the greater Valley region suffered falling stock prices Tuesday, pulled down by a market that saw the Dow Jones Industrial Index lose nearly 800 points.

West Hills Hospital's New CEO

Hospital Corp. of America has named Mark Miller the new chief executive of West Hills Hospital & Medical Center, the company announced Monday.

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The Number

Where in Valley are the most Airbnb rentals?

How many of your neighbors are renting rooms through Airbnb Inc.? A study earlier this year by the Los Angeles County Economic Development Corp. looked at Airbnb’s impact using data provided by the company. LAEDC reported that the short-term rental app generated nearly $906 million in economic activity in the city of Los Angeles in 2016.

New CEO at Northridge Hospital

Dignity Health has named Paul Watkins as president of the nonprofit’s Northridge Hospital Medical Center.

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Growth Club

Savvy companies find ways to scale up in slow-rising economy

The entrepreneurial dream of running a business with skyrocketing revenue has come true for the managers at the 50 Fastest Growing Private Companies in the San Fernando Valley region.

The Number

Of the 4.59 million workers in Los Angeles County, 3.67 million drive to work alone, while another 448,750 carpool.

Tejon Ranch to Build 580,000 SF Warehouse

Tejon Ranch Co. and Majestic Realty Co. have formed a new joint venture to construct a 580,000-square-foot industrial facility.

Mission Valley Bank Reports Flat Quarter

Mission Valley Bancorp reported earnings of just $18,000 for the third quarter, impacted by a $1 million loan write down, the company announced Friday.

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