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

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.

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.

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.

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.

Amgen, Dine Brands Gain After Reporting Quarterly Results

Shares of Amgen Inc. gained nearly 2 percent the day after the biotech reported third-quarter earnings, while Dine Brands Global Inc. shares gained nearly 2 percent after the company reported sales gains for its Applebee’s restaurant chain.

Former Cal Lutheran President Mark Mathews Dies

Former California Lutheran University President Mark Mathews died over the weekend at the age of 92, the school announced Wednesday.

Second Sight Chairman Buys $4 Million in Shares

Second Sight Medical Products Inc. has entered into a stock purchase agreement with Gregg Williams, chairman of the company’s board for the purchase of nearly 2.5 million shares which will yield $4 million in proceeds to the company.

Capstone, Argonne National Lab to Develop ‘Thermal Battery’ Technology

Capstone Turbine Corp. and Argonne National Laboratory have received funding from the Department of Energy to adapt the lab’s thermal energy storage system for use in manufacturing applications, the company announced Thursday.

Research Solutions Prepares to Up-List to Nasdaq

Research Solutions Inc., a company that provides academic articles to research organizations, has submitted a symbol reservation as a first step to list its shares on the Nasdaq, the company announced Monday.

The Number

7% Independent contractors who want to become employees in California

B. Riley FBR Names Restructuring Head

B. Riley FBR Inc. has hired Richard NeJame as senior managing director of the firm’s corporate restructuring division, the company announced Tuesday.

House-Flipping Lender Anchor Loans Hires Tech Officer

Anchor Loans, the hard-money lender for the house-flipping industry, has named Bill Kontgis as its chief technology officer.

The Number

$80,000 - Cost for Club Seat license at LA Rams games in 2020

Los Angeles Rams set prices for season tickets.

AeroVironment Soars, But Is It All Hot Air?

AEROSPACE: Deals push up drone maker’s shares before downward drift.

AeroVironment shares rise on deals.

AROUND THE VALLEYS

News and notes from the greater San Fernando Valley

News and notes from the greater San Fernando Valley

Semtech Adds Expertise to Board

Semtech Corp. has expanded its board to 10 people and appointed two directors to fill the new seats, the company announced Monday.

Mission Valley Bank to Open South Bay Loan Office

Mission Valley Bank plans to open a loan production office in Torrance and has hired a new executive to supervise the operation.

Disney’s ESPN+ Reaches 1 Million Subscriber Milestone

Walt Disney Co. streaming service ESPN has surpassed 1 million paying subscribers in just over five months, the company announced Thursday.

VICA Responds to Sidewalk Vending Law

The signature of Gov. Jerry Brown on a law to decriminalize sidewalk vending prompted a response from the Valley Industry & Commerce Association on Monday.

The Number

Research sponsored by Princess Cruises in Valencia shows a growing number of U.S. workers don’t take their full complement of vacation time.

Former U.S. Trade Rep Joins Disney Board

The board of Walt Disney Co. has elected Michael Froman as a new director.

Saban Capital to Buy Panavision

Panavision Inc., Saban Capital Acquisition Corp. and Sim Video International Inc. have entered into a merger agreement to create a “global provider of end-to-end production and post-production services to the entertainment industry,” the companies announced Thursday.

Dole Headquarters Sold to Hilton Foundation for $50 Million

The headquarters of Dole Food Co. in Westlake Village has sold to the Conrad N. Hilton Foundation for $50 million, according to brokerage CBRE Group Inc.

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Royal Princess Coming to Port of L.A.

Princess Cruises plans to dock one of its new large ships, the Royal Princess, in Los Angeles starting in March.

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B. Riley FBR Names Chief Administrative Officer

B. Riley FBR, an investment bank and subsidiary of B. Riley Financial Inc. in Woodland Hills, has appointed Dawn Farrell as chief administrative officer of the firm’s investment banking unit.

Largest U.S. Ram Dealership Opens in Lancaster

HW Hunter Ram of the West Truck Center has opened its 40,000-square-foot facility in Lancaster, making it the largest Ram stand-alone dealership in the country by size.

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B. Riley Completes $100 Million Debt Offering

B. Riley Financial Inc. has closed a public offering of $100 million in senior notes, the Woodland Hills company announced Tuesday.

PS Business Park Hires CFO

PS Business Parks Inc. has appointed Jeffrey Hedges as chief financial officer and secretary effective Sept. 17, the company announced.

Canoga Park Apartments Sold for $3.7 Million

A 17-unit apartment building in Canoga Park has sold for $3.7 million, according to brokerage Marcus & Millichap Inc.

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VICA Calls New Electricity Law ‘Ridiculous’

The Valley Industry & Commerce Association announced disappointment that Gov. Jerry Brown on Monday signed SB 100, creating a law requiring 60 percent electricity in California be generated by renewable sources by 2030.

Avery Dennison Selects Tech Executive for Board

Avery Dennison Corp. has appointed Mark Barrenechea to its board, the company announced Monday.

Tix Shares Fall as MGM Takeover Talks End

Tix Corp.’s stock dropped nearly 10 percent Monday after the company disclosed that MGM Resorts International would not acquire the company.

Marcus & Millichap Buys Montreal Brokerage

Marcus & Millichap Inc. has expanded its presence in the Canadian market by acquiring McGill Commercial, a regional commercial real estate investment sales firm in Montreal, the company announced late Thursday.

VICA Counts Victories as Legislative Session Ends

The Valley Industry and Commerce Association announced successes Friday as the California Legislature ended its session for the year.

Sherman Oaks Medical Offices Sell for $20 Million

Two medical office buildings in Sherman Oaks sold to C.A. Development Operations, a Los Angeles-based investment company, for $20, according to brokerage CBRE Group Inc.

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Glendale Insurance Agent Charged With Fraud

A licensed insurance agent in Glendale was arrested and charged with grand theft and insurance fraud after allegedly acting as a licensed insurance agent to steal $10,000 from a trusting client, according to the California Department of Insurance.

Salem Sponsors 'Mid-Term Madness' Political Fantasy Game

Salem Media Group Inc.’s radio show host Hugh Hewitt will launch Mid-Term Madness, a fantasy game allowing listeners to select who they think will win key races in the Nov. 6 elections, the company announced Wednesday.

Simi Valley Development Site Sells for $21 Million

The site for the Sycamore Drive Community Center apartment project in Simi Valley has sold to a public-private joint venture for $21 million, brokerage CBRE Group Inc. announced Tuesday.

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VICA Praises Defeat of ‘Water Tax’ Bill

The Valley Industry & Commerce Association praised the defeat of SB 845, a bill in Sacramento that would have created a new statewide opt-out fund for safe drinking water programs.

Double Duty for Video Show

Agency project attracts viewers, touts clients.

Agency touts clients on YouTube series.

Six Flags Plans First-Ever Racing Roller Coasters

Six Flags Magic Mountain plans to open a new attraction called West Coast Racers next year.

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