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Up Companies Seek New Business Lines, Enter Into Mergers ISSUES: Rocketdyne ney Rocketdyne’s increased expansion nologies to expand beyond the rocket focus. This is particularly due to the fact Front to other business models, acquisitions and shuttle engines it is known for. that NASA has pulled back from certain Up Companies Seek New Business Lines, Enter Into Mergers Up Companies Seek New Business Lines, Enter Into Mergers waits for NASA decision. involving several com- While the com- programs and is taking its time to ney Rocketdyne’s increased expansion nologies to expand beyond the rocket focus. This is particularly due to the fact ney Rocketdyne’s increased expansion nologies to expand beyond the rocket focus. This is particularly due to the fact panies and the addition Special Issue: pany has delved into announce what its next steps will be ISSUES: ISSUES: Rocketdyne By JESSICA VERNABE Front Rocketdyne to other business models, acquisitions Front to other business models, acquisitions and shuttle engines it is known for. that NASA has pulled back from certain of a new Mission Manufacturing energy generation after the end of its Space Shuttle pro- and shuttle engines it is known for. that NASA has pulled back from certain Staff Reporter Foods plant. and other technolo- gram in June. waits for NASA decision. involving several com- While the com- programs and is taking its time to waits for NASA decision. involving several com- While the com- programs and is taking its time to This edition focuses on the panies and the addition Special Issue: pany has delved into announce what its next steps will be panies and the addition Special Issue: pany has delved into announce what its next steps will be Manufacturing in the greater Valley Pratt & Whitney gies for decades, “Time is running out before we’re By JESSICA VERNABE local manufacturing industry. By JESSICA VERNABE of a new Mission Manufacturing energy generation after the end of its Space Shuttle proof a new Mission Manufacturing energy generation after the end of its Space Shuttle pro- area has seen numerous changes over Rocketdyne is ramping these areas have going to have to guess where we’re Staff Reporter Staff Reporter the past year including Pratt & Whit- up efforts to develop alternative tech- recently taken on an even stronger Foods plant. This edition focuses on the and other technolo- gram in June. Foods plant. This edition focuses on the and other technolo- gram in June. Please see CHANGE page 32 Manufacturing in the greater Valley Pratt & Whitney local manufacturing industry. gies for decades, “Time is running out before we’re Manufacturing in the greater Valley Pratt & Whitney local manufacturing industry. gies for decades, “Time is running out before we’re Innovation leads area has seen numerous changes over Rocketdyne is ramping these areas have going to have to guess where we’re area has seen numerous changes over Rocketdyne is ramping these areas have going to have to guess where we’re Pratt & Whit- to breakthroughs. the past year including Pratt & Whit- up efforts to develop alternative tech- recently taken on an even stronger the past year including up efforts to develop alternative tech- recently taken on an even stronger Please see CHANGE page 32 Please see CHANGE page 32 PAGE 3 Innovation leads Innovation leads to breakthroughs. to breakthroughs. Making It Work PAGE 3 PAGE 3 News & Analysis Firms Seizing Making It Work Making It Work Opportunities News & News & By MARK R. MADLER Analysis Firms Seizing Analysis Firms Seizing Staff Reporter Opportunities Opportunities Down but not out. That is the simplest way to By MARK R. MADLER By MARK R. MADLER describe the manufacturing Staff Reporter Staff Reporter industry in Southern California. Longtime The down part is the stiff Down but not out. Down but not out. manufacturers competition from overseas, a That is the simplest way to That is the simplest way to had niche. tight credit market, and signifi- describe the manufacturing describe the manufacturing PAGE 18 cant job losses, particularly dur- industry in Southern California. industry in Southern California. ing the recession. Longtime The down part is the stiff Longtime The down part is the stiff Yet, saying all that, Los manufacturers competition from overseas, a manufacturers competition from overseas, a Angeles County remains the had niche. tight credit market, and signifi- had niche. tight credit market, and signifi- country’s largest manufacturing PAGE 18 cant job losses, particularly dur- PAGE 18 cant job losses, particularly dur- Energy area just as the U.S. as a whole ing the recession. ing the recession. remains the world’s largest. Yet, saying all that, Los Yet, saying all that, Los As the recovery takes hold, Angeles County remains the Angeles County remains the opportunity awaits those com- country’s largest manufacturing country’s largest manufacturing panies who survived the worst Energy Energy area just as the U.S. as a whole economic times faced by the area just as the U.S. as a whole U.S. since the 1930s. These remains the world’s largest. remains the world’s largest. firms emerge smarter about As the recovery takes hold, As the recovery takes hold, their operations and more open opportunity awaits those com- opportunity awaits those com- about trying a new approach. panies who survived the worst panies who survived the worst Eventraditional In this issue are stories on economic times faced by the economic times faced by the industries going Factory Floor: A worker prepares U.S. since the 1930s. These U.S. since the 1930s. These Please see FIRMS page 33 green. a mold at KenWalt Die Casting. firms emerge smarter about firms emerge smarter about PAGE 6 PHOTO BY DAVID SPRAGUE their operations and more open their operations and more open about trying a new approach. about trying a new approach. Eventraditional In this issue are stories on Eventraditional In this issue are stories on industries going Factory Floor: A worker prepares industries going Factory Floor: A worker prepares Please see FIRMS page 33 Please see FIRMS page 33 Superior Monitors Quake Northrop Installs New System green. a mold at KenWalt Die Casting. green. a mold at KenWalt Die Casting. PAGE 6 PHOTO BY DAVID SPRAGUE PAGE 6 PHOTO BY DAVID SPRAGUE AUTOS: Disruption possible in Japan supply. AEROSPACE: Assembly line seen as industry model. By JO-ANN CAROL CUBELLO Contributing Reporter Superior Industries International Inc. is still assessing the impact of By MARK R. MADLER Superior Monitors Quake Northrop Installs New System Superior Monitors Quake Northrop Installs New System the earthquake in Japan on its supply chain to that country’s automakers. Staff Reporter Van Nuys-based Superior provides aluminum wheels to Toyota for its The most modern warplane meets the AUTOS: Disruption possible in Japan supply. AEROSPACE: Assembly AUTOS: Disruption possible in Japan supply. AEROSPACE: Assembly popular Camry and Corolla models, as well as Nissan and Mitsubishi. most modern manufacturing process now line seen as industry model. line seen as industry model. While much of Superior’s business is for the Big Three domestic that Northrop Grumman Corp. has start- By JO-ANN CAROL CUBELLO Contributing Reporter By JO-ANN CAROL CUBELLO Contributing Reporter automakers, the company was still keeping a close eye on developments in ed using a new assembly line at its facility By MARK R. MADLER By MARK R. MADLER Japan since the earthquake and tsunami that struck the northern part of the in Palmdale. Superior Industries International Inc. is still assessing the impact of Superior Industries International Inc. is still assessing the impact of Staff Reporter Staff Reporter country on March 11. The assembly line became active earlier the earthquake in Japan on its supply chain to that country’s automakers. the earthquake in Japan on its supply chain to that country’s automakers. Investors were doing the same. this month to make the fuselage for the F-35 F35: Joint Strike Fighter. Van Nuys-based Superior provides aluminum wheels to Toyota for its The most modern warplane meets the Van Nuys-based Superior provides aluminum wheels to Toyota for its The most modern warplane meets the During a conference call to announce fourth quarter and full year earn- Joint Strike Fighter and is described by popular Camry and Corolla models, as well as Nissan and Mitsubishi. most modern manufacturing process now popular Camry and Corolla models, as well as Nissan and Mitsubishi. most modern manufacturing process now ings results, analysts asked Superior executives about the impact of reports company executives as a key factor in future costly. While much of Superior’s business is for the Big Three domestic that Northrop Grumman Corp. has start- While much of Superior’s business is for the Big Three domestic that Northrop Grumman Corp. has start- of delayed shipments of needed components. production of the aircraft. The move, in fact, may make the rest of automakers, the company was still keeping a close eye on developments in ed using a new assembly line at its facility automakers, the company was still keeping a close eye on developments in ed using a new assembly line at its facility The executives said that while Superior has received a few notices of Modeled on equipment used in the auto- the aerospace industry take notice. Japan since the earthquake and tsunami that struck the northern part of the in Palmdale. Japan since the earthquake and tsunami that struck the northern part of the in Palmdale. overtime cuts, they were taking a "wait and see" approach to the news and motive industry, the line is made up of the “This is groundbreaking,” said Joel country on March 11. The assembly line became active earlier country on March 11. The assembly line became active earlier most modern technology available to make Investors were doing the same. this month to make the fuselage for the F-35 Please see SUPERIOR page 19 Please see DEFENSE page 29 Investors were doing the same. this month to make the fuselage for the F-35 F35: Joint Strike Fighter. F35: Joint Strike Fighter. the aircraft parts more efficiently and less During a conference call to announce fourth quarter and full year earn- Joint Strike Fighter and is described by During a conference call to announce fourth quarter and full year earn- Joint Strike Fighter and is described by ings results, analysts asked Superior executives about the impact of reports company executives as a key factor in future costly. ings results, analysts asked Superior executives about the impact of reports company executives as a key factor in future costly. of delayed shipments of needed components. production of the aircraft. The move, in fact, may make the rest of of delayed shipments of needed components. production of the aircraft. The move, in fact, may make the rest of The executives said that while Superior has received a few notices of Modeled on equipment used in the auto- the aerospace industry take notice. The executives said that while Superior has received a few notices of Modeled on equipment used in the auto- the aerospace industry take notice. overtime cuts, they were taking a "wait and see" approach to the news and motive industry, the line is made up of the “This is groundbreaking,” said Joel overtime cuts, they were taking a "wait and see" approach to the news and motive industry, the line is made up of the “This is groundbreaking,” said Joel most modern technology available to make most modern technology available to make Please see SUPERIOR page 19 the aircraft parts more efficiently and less Please see DEFENSE page 29 Please see SUPERIOR page 19 the aircraft parts more efficiently and less Please see DEFENSE page 29

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COMMERCIAL REAL ESTATE BROKERAGE FIRMS THE LIST Ranked by total value of deals in the greater San Fernando Valley area in 2010 Thumbnails | SFVBJ User Guide | Front Page | Table of Contents

IFC April 11, 2011 SAN FERNANDO VALLEY BUSINESS JOURNAL Thumbnails | SFVBJ User Guide | Front Page | Table of Contents

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Up Tutor Perini Widens National Presence With Purchase Front BUILDING: Southeast “The entire U.S. construction busi- of Anderson Companies, the privately- million, fiscal year 2010 revenues of ness certainly has been through a diffi- held parent company of Roy Anderson about $287 million and average annual strategy boosts value. cult recession over the past couple of Corporation, Harrell Contracting revenues exceeding $400 million over By JESSICA VERNABE years, but it appears the Southeast mar- Group LLC and Brice Building Com- the last five years. It also has 600 Staff Reporter ket is a little more active than probably pany LLC. employees. other parts of the country right now. I Tutor Perini acquired all of Ander- The acquired company is headquar- Tutor Perini Corp.’s purchase of think that has to do with more industrial son Companies’ stock for $64.6 million tered in Gulfport, Miss., with offices in Mississippi-based Anderson Companies activity, a little bit stronger housing and in cash, plus an amount to be deter- Birmingham, Ala.; Jackson, Miss.; New gives the Sylmar construction firm a the movement of people,” said John mined based on the acquired company’s Orleans and Pensacola, Fla. The group Optimism about foothold in the Southeastern U.S., a Rogers, an equity research analyst for operating results for 2011 through 2013. of companies provide general contract- commercial real region doing better than others in the D.A. Davidson & Co. But the value doesn’t end there. ing, design-build, preconstruction and estate. country in the construction downturn, Tutor Perini announced on April 4 Anderson Companies has a backlog construction management services. PAGE 16 industry analysts say. that it has acquired complete ownership of uncompleted work equal to $475 Please see TUTOR page 38

Retail Dozens of New Bankers Bulking Up TroopTroop Buildup Buildup BofA Business Unit

By JESSICA VERNABE Staff Reporter

Bank of America hiring spree is bringing dozens of new small-business bankers to Athe San Fernando Valley region. Top shopping Twenty-two bankers have already been hired centers making in the north and west portions of the San Fer- store changes. nando Valley since January, and more hires are slated for surrounding communities by the end PAGE 13 of the year. The bank expects to hire six new small business bankers in the Glendale-Burbank area, three in the Conejo Valley, two in Simi Val- People ley, two in the Santa Clarita Valley and one in the Antelope Valley, according to Bank of Amer- ica officials. The move is part of a much larger wave of hires for Bank of America, which plans to add more than 1,000 new small business bankers nationwide. There have already been a total of 110 hires in the greater Los Angeles area, which is one of three markets to receive the first round of new employees. The other markets include Dallas and the Baltimore-Washington, DC area. Arthur Zenian About 85 percent of the Los Angeles-area’s gives peace of PHOTO BY DAVID SPRAGUE mind for hospital Please see BANK page 36 Meeting: Farah Payan of Woodland Hills Camera & Telescope meets with BofA’s Darin Fishman. equipment. PAGE 8 Acquisition Brings Viking Adding to River Cruise Fleet Name Change TRAVEL: New ships part of firm’s $250 million development effort. TECH: Vendor for entertainment By JO-ANN CUBELLO Contributing Reporter expands into new industries. With smooth sailing indicated for the overall indus- By MARK R. MADLER Staff Reporter try, Woodland Hills-based Viking River Cruises will build four new ships that will be launched next year – Entertainment technology vendor Digital Vision the first time since 2001 that the company has built has changed its name and added new markets follow- that many vessels. ing its acquisition of a software development and film The Viking Freya, Viking Idun, Viking Njord and digitizing firm. Viking Odin are the first of Viking’s Longships that The company, which has its U.S. headquarters in will be a new class of vessel that is marked by high- North Hollywood, will now be known as Image Sys- tech features. tems, the name of the Swedish company it recently The maritime architects Yran & Storbraaten, purchased. who were the team behind the Disney Dream and the Both companies have the same technological back- Yachts of Seabourn, are designing the new ships, ground and have worked together in Sweden, where which are part of the newest phase of Viking’s $250 Leisure: European destinations, such as Paris, Please see IMAGE page 31 Please see VIKING page 30 are a mainstay for Viking River Cruises.

Join us as we recognize the important Wednesday, May 11 4TH ANNUAL work of the Valley’s Top CFOs 11:30 AM - 1:30 PM For more information, contact us at 818.676.1750,orvisit Warner Center Marriott CFO AWARDS us online at www.sfvbj.com, and click the “events” tab. Woodland Hills Thumbnails | SFVBJ User Guide | Front Page | Table of Contents

2 April 11, 2011 SAN FERNANDO VALLEY BUSINESS JOURNAL

APRIL 11 - 24, 2011 VOLUME 16, NUMBER 8 PHOTO BY DAVID SPRAGUE PHOTO BY DAVID Page 10: Ted Moser at his enlarged Picture Car Warehouse business in Northridge. ON THE COVER TECH: Acquisition by Digital Vision brings REAL ESTATE name change, new markets to entertainment CLIMATE: Activity has increased signifi- industry vendor with U.S. headquarters in cantly in the local commercial real estate North Hollywood. market in the past few months, according to BANKING: Bank of America is hiring brokers...... 16 dozens of new small business bankers in the ACTIVITY: Leases double for No. 1 broker. San Fernando Valley region this year to 17 improve its services for small companies. FIRMS: Ranked by number of brokers. ...18 TOURISM: Viking River Cruises, which has its U.S. headquarters in Woodland Hills, COLUMN: Real Estate ...... 21 plans to build four new cruise ships as this segment of the tourism industry heats up. THE LIST CONSTRUCTION: Sylmar construction LARGEST SHOPPING company Tutor Perini Corp. has acquired CENTERS: ...... 12 Anderson Companies, improving its national SALES: Brighter 2011 seen...... 13 footprint by expanding into a new market. COLUMNS & FEATURES UP FRONT ENTREPRENEUR: EnBio takes care of BANKING: U.S. Bank’s recently opened critical medical equipment we all take for Panorama City branch is reaching out to granted...... 8 local small businesses. The opening reflects a MADLER: Local manufacturers exhibit at larger expansion effort by the bank in the the first ever AeroDef Expo and Conference Valley...... 3 in Anaheim...... 14 DEVELOPMENT: Collectibles distributor ONLINE: GoSave, an online mobile game Entertainment Earth Inc. of North Holly- platform in which players rack up points for wood will move to Simi Valley this summer discount cards...... 30 after a search for larger space in the San Fer- nando Valley failed to turn up a site...... 4 GIVING COLUMN: ...... 35 HOSPITALITY: Lindero Country Club is VALLEY BIZ SEEN: Greater Valley marketing its recently improved property to Business Events...... 33 the public, making more amenities available for business and social events. The club’s ADVERTISING SUPPLEMENT restaurant and banquet room were renovated, BANKING & FINANCE: ...... 23 along with other areas...... 5 HOUSING: KB Homes will make solar INVESTMENTS & FINANCE power systems a standard feature at select VALLEY STOCKWATCH: ...... 32 communities, including ones in Santa Clarita and Lancaster...... 6 COMMENTARY CARS: Picture Car Warehouse completes its move from downtown Los Angeles to a for- GOLDSTEIN OP-ED: ...... 38 mer Cadillac dealership in Northridge. ....10 HUFFMAN COLUMN: ...... 39 HEALTH CARE: In an unusual move, more VICA COLUMN: ...... 39 than 120 workers laid off by a vendor of Henry Mayo Newhall Memorial Hospital in Valencia are getting the chance to continue In The Next Issue working at the Valencia-based health care THE LIST: facility...... 11 Largest Hotels

San Fernando Valley Business Journal (ISSN 1526-0712) is published biweekly with a special issue in December by San Fernando Valley Business Journal, 5700 Wilshire Blvd., Suite 170, Los Angeles, CA 90036. Editorial, sales and production ofﬁces located at 21600 Oxnard St., Suite 250, Woodland Hills, CA 91367. Periodical postage paid at Los Angeles, CA and at additional mailing ofﬁces. Subscription price: 26 issues, $44.95. For new and renewal subscriptions, call 1-818-676-1750. All other inquiries 818-676-1750. Single copies, $3.00. Back issues and mailed copies $4.50 plus tax and shipping. Address and subscription inquiries to: Circulation Department, San Fernando Valley Business Journal, 21600 Oxnard St., Suite 250, Woodland Hills, CA 91367. This newspaper is designed to inform decision-making executives, investors and managers on the trends, the growth and the ideas important to commerce and industry in the San Fernando Valley. Information in the San Fernando Valley Business Journal is gathered from sources considered to be reliable, but the accuracy of this information cannot be guaranteed. Neither that information nor any opinion which may be expressed here constitutes a solicitation for the purchase of sale of any securities. Opinions expressed in letters to the editor and commentaries are those of the authors and not necessarily those of San Fernando Valley Business Journal. POSTMASTER: Send address changes to San Fernando Valley Business Journal, Circulation Department, 21600 Oxnard St., Suite 250, Woodland Hills, CA 91367-6554. Thumbnails | SFVBJ User Guide | Front Page | Table of Contents

SAN FERNANDO VALLEY BUSINESS JOURNAL UP FRONT April 11, 2011 3 U.S. Bank’s New Branch Focuses on Northeast Valley LENDING: Panorama City lope, Conejo, Simi and Santa Clarita valleys. Friedman said U.S. Bank’s focus to expand facility designed to be resource locally is based on the need for accessibility. for neighborhood’s small firms. “I think in order to be considered a bank U.S. Bank that’s really serving the community, you have to be where the people are,” he said. “We’re By JESSICA VERNABE Staff Reporter PARENT COMPANY: slowly but surely getting better in terms of U.S. Bank’s recent opening of a branch in U.S. Bancorp being better able to serve our customers so that Panorama City helps satisfy the under-served no matter where they are in a metropolitan financial needs of the northeast Valley. TOTAL ASSETS: $308 billion area, there’s going to be a bank that’s accessi- The bank branch, located at the corner of NUMBER OF NATIONWIDE ble to them.” Roscoe and Van Nuys boulevards, is right next BARNCHES: 3,031 to the Panorama Mall and surrounded by Community support various strip malls. NUMBER OF LOCAL BRANCHES: Local organizations have extended their The bank has been in operation since Feb. 52 support for the new branch, touting its bene- 7 but had its formal grand opening celebration NEWEST LOCAL BRANCH fits. on March 15. “I believe it is going to bring jobs and a lit- Panorama City Months before the opening, branch manag- tle bit of class to the neighborhood,” said Saul er Stephani Velador and her staff passed out Mejia,thePanorama City Neighborhood about 1,000 flyers and visited about 300 busi- Council’s commerce committee chairman. nesses in its surrounding area. He said the council is particularly pleased “We’re specifically trying to target the that the bank is willing to lend to small busi- mom and pop businesses local to this office,” nesses and to educate them through classes. Velador said. “We have been, on a weekly the area’s business and resident density, the Location: The new branch is at the The council is currently in the process of try- basis, talking to business owners. … Down the traffic flow and the prominence of the corner. corner of Roscoe and Van Nuys ing to help the branch get past the city’s sig- road, there are some industrials that we are “In terms of visibility, this was the most boulevards in Panorama City. nage regulations. definitely going to start talking to, but right highly visible location, and so I think that gave “We’re trying to help them get a decent now, we just really want to expose ourselves to us the opportunity to make us iconic in addition to a dozen in-store branches. There sign that will match some of the other banks in the one-and-a-half-mile-radius of businesses in Panorama City,” said David Friedman,vice are also plans to open a new in-store branch in the area size-wise,” Mejia said. our area.” president and district manager for U.S. Bank’s Porter Ranch. Other banks in the immediate area include Velador said she notices that the biggest Los Angeles north district and greater Los “Most of the branches that are now in the Chase, Wells Fargo, Union Bank and a need of local small businesses is greater cash Angeles coastal region. Valley have either come through acquisitions, Kaiser Federal Bank. flow, and because of this her bank offers vari- Friedman said several locations were con- or they have come through opening stores in The VEDC has also supported the branch, ous business loan programs. sidered in the northeast San Fernando Valley the grocery stores,” Friedman said. helping introduce its managerial team to busi- The branch also plans to partner with the for the new branch, including sites in San Fer- In 2008, U.S. Bank acquired Mellon 1st nesses in the community. Valley Economic Development Center, nando, Arleta and Lakeview Terrace. Business Bank, as well as Downey Savings “When U.S. Bank announced that they which will hold workshops at the bank office The new branch’s opening helps U.S. Bank and Loan Association. In 2009, it acquired were going to be opening a center in Panorama to teach how to grow a small business. expand further into the San Fernando Valley. California National Bank. City, we totally jumped on it,” said Cynthia About three years ago, U.S. Bank only had U.S. Bank also has a presence in communi- Ibarra, the VEDC’s director of strategic part- Location, location a couple of traditional branch offices in the ties surrounding the San Fernando Valley. nerships. “It’s a huge commercial area and The branch location was chosen as U.S. San Fernando Valley, Friedman said. Now, Counting traditional and in-store branches, highly populated, so there was a need for addi- Bank’s new northeast Valley office because of there are about 14 traditional branch offices in U.S. Bank also has about 26 sites in the Ante- tional banks.”

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4 April 11, 2011 UP FRONT SAN FERNANDO VALLEY BUSINESS JOURNAL N. Hollywood Company Finds Space in Simi Valley DISTRIBUTOR: Firm fails to by representatives from the city and the Simi During peak times, that number rises to 6,000 Valley Chamber of Commerce who were given ENTERTAINMENT EARTH packages a day. obtain adequate site in Santa a tour by Aaron Labowitz, who co-owns the Walking through the warehouse with the business with his brother, Jason, who serves as FOUNDERS: Aaron and Jason Labowitz city and chamber officials, Labowitz praised Clarita, San Fernando valleys. president. the spaciousness. YEAR STARTED: 1996 By MARK R. MADLER Staff Reporter “This for us is just exciting, lots of space,” “One of the hardest things to get in North Labowitz said, his voice echoing in the future BUSINESS: Distributes collectibles based Hollywood is high ceilings,” Labowitz said. Collectibles distributor Entertainment warehouse. on television, ﬁlm and comic book char- Earth Inc. will move to Simi Valley this sum- Less exciting for Los Angeles officials is acters. About 35 percent of sales are to Quieter location mer after a search for larger space in other hearing that another business is leaving to relo- individual consumers through the compa- There were other factors in favor of the areas failed to turn up a suitable site. cate to a neighboring city. Simi Valley building as well, better landscap- The company, which offers action figures Not that the brothers didn’t try to stay in ny website and 65 percent to retail outlets. ing for instance, and a quieter location. The and bobbleheads of television, movie and Los Angeles. Two dozen items are exclusive to the North Hollywood site is adjacent to railroad comics characters, will more than double the Buildings in Chatsworth and Van Nuys company tracks and under the flight path to Bob Hope space it currently has in North Hollywood and were also considered, as was Valencia. But Airport in Burbank. receive other benefits not found at the current those locations would have limitations, such as City officials are pleased to see that a size- location. not enough parking or not meeting the mini- and out of the warehouse. On an average day, able building that has been vacant for two Entertainment Earth employees got a look mum number of loading docks (six) needed to the company ships out 1,000 packages a day to years has a new tenant. The building has been at the new building on April 1 and were joined meet the volume of shipments coming in an its individual consumers and to retail shops. Please see SPACE page 9 Thumbnails | SFVBJ User Guide | Front Page | Table of Contents

SAN FERNANDO VALLEY BUSINESS JOURNAL UP FRONT April 11, 2011 5 Owner Changes Lindero Country Club Business Model HOSPITALITY: Proprietor community that we would like to have partnerships for on an ongoing basis,” Smith said. widens access to public. So far, companies such as Dole Food Co., Merrill Lynch and Mosaic Marketing Part- By JESSICA VERNABE Staff Reporter ners LLC have already held functions there, along with various non-profit groups. After extensive renovation, Lindero Coun- Chris Kolodziejski, president of Mosaic try Club is reaching for a new identity as it Marketing Partners in Camarillo, said the food markets itself more widely as a destination and service are what stood out. place for the public. Now that the country club has upgraded its When David Smith purchased the 70-acre visual appeal and amenities, Smith said golf Agoura Hills-based golf course facility in course membership is set to rise. The club will 1994, it needed major fixing up. He renovated maintain its initiation fee of $750 and monthly the golf course, built a driving range and made use fee of $125 for a family, or for four corpo- minor changes to the club. He also allowed the rate designees, until the first 100 new member- course to be open to the public, catering large- ships are sold. After that, the initiation fee will ly to families and offering membership on a likely increase by about $500 and the monthly lower-end price scale. fee will likely only increase slightly, Smith It wasn’t until years later that Smith decid- said. Renovation: Lindero Country Club uses improvements to draw new business. ed to build on this by creating a completely new image for the club. Smith has finally transformed the property, spending about $1.15 million on the upgrades at the club’s restaurant, banquet facility, kitchen, patio, pool and tennis courts. While renovations were completed in August, the club has just recently started more focused marketing to the community. “A year and a half ago, I made a decision to change the business model of Lindero County Club,” Smith said. “I was looking to become a destination for non-golfers.” Instead of a restaurant that serves cheese- burgers and hot dogs and that is only open to golfers, the club now features the Hideaway restaurant, which is open to the community and offers a more elaborate menu. The restaurant’s former line cook was replaced by a locally-acclaimed chef. The kitchen has doubled in size, and on the patio, cabanas, new tiles and a pizza oven have been added.

New division The club has even launched a special events division, which focuses on booking events such as weddings, birthday parties and business seminars for a couple hundred people. Before the club makeover, the only events that took place there were those occasionally put on by golfers, Smith said. While the overall improvements consisted of some light construction, Smith said most of the changes involved new fixtures, such as furniture, carpeting, lighting and decor. Another change includes a much larger combined restaurant and banquet staff, which has increased from about five employees to about 40. Part of Smith’s decision to change his business model was due to the fact that Lindero Country Club’s membership had been suffer- “As soon as I decided to pursue my own endeavors outside the family ing. Membership has dropped at the club by business, I knew I needed real world preparation, and Woodbury provided about 50 percent over the past 10 years. it in a setting that I found ideal. Classes are small, professors are eager to “I’ve seen the game of golf and the business of golf in the United States trend in the help, and I connected with classmates to get an even broader perspective. wrong way for at least five to seven years,” said Smith, who has been in the golf business “As part of my MBA program, I was able to go to Beijing, Shanghai, and for more than 30 years. “So, I realized the golf Hong Kong and gain insights about the global economy that I don’t think business model was broken.” I’d have been able to get anywhere else. So I’d say Woodbury’s MBAs vast Reserve your seat today by calling curriculum is going to pay great dividends throughout my career.” Business outreach

In recent months, Lindero Country Club 818.252.5224 has been more actively reaching out to local Join us at an Information Session and learn how an MBA or Bachelors non-profits, businesses and business groups. It or visit www.woodbury.edu/mba degree from Woodbury University can accelerate your career and increase has hired a public relations company to help email us at [email protected] your earning potential. with getting the word out, and it is offering a 10 percent discount to businesses that book events at the club in 2011. “We’re aggressively trying to grow our partnerships with businesses in the area and in the >66+)<9@ <50=,9:0;@ Correction Graduate Programs: -. , *! /-$) -- ($)$-.,.$*) 5 -. , *! ,")$3.$*)' ,-#$+ A profile of Nicolas Ramirez in the “20 In 5 Their 20s” section of the March 14 issue had 7500 Glenoaks Blvd. Burbank incorrect information. Ramirez is president of Accredited by the Western Association of Schools and Colleges and The Association of Collegiate Business Schools and Programs the San Fernando Valley Jaycees and was in the fraternity Sigma Chi. Thumbnails | SFVBJ User Guide | Front Page | Table of Contents

6 April 11, 2011 UP FRONT SAN FERNANDO VALLEY BUSINESS JOURNAL Lancaster, Santa Clarita Part of KB Homes Solar Plan SUN: Faced with competition said. KB Homes The basic solar system will produce 1.4 from resales, builder making kilowatt of power, or enough to reduce energy costs by 30 percent for a 1,800 to 2,000 square solar systems standard feature. FOUNDED: 1957 foot home. For an additional $5,000, the sys- By MARK R. MADLER Staff Reporter HEADQUARTERS: Los Angeles tem can generate more kilowatts of power. AREA COMMUNITIES: Ascent at Warner Cen- KB Homes is enticing homebuyers with Tax credit lower energy costs by offering homes with ter, Woodland Hills; Echo Pointe and Echo Homeowners will also benefit with a tax solar power systems as a standard feature in Ridge, Santa Clarita; La Vista at the Col- credit that will cover 30 percent of the cost of select Southern California communities, lections, Palmdale; Alamosa, Lancaster; the system, which Ruffner valued at about including ones in Lancaster and the Santa Arroyo, Lancaster; Madeline Court, Palm- $7,500. Clarita Valley. dale; Bedford and Sedona II at Terreno If providing the solar systems as a standard The homebuilder is taking this step to bet- Vista, Lancaster. feature is well received in the initial communi- ter compete with homes being offered at resale ties, KB would consider expanding it to more, and produce sales in a climate where home SOLAR PROGRAM: A 1.4 kw solar system Ruffner said. purchases remain weak. will be standard feature at homes in KB President and CEO Jeffrey Mezger,in KB has partnered with SunPower Corp. to Arroyo, Echo Pointe and Echo Ridge. a prepared statement when first quarter earn- provide the solar panels and other equipment ings were released on April 5, included sus- for the homes. In addition, the builder includes tainability initiatives as one of the ways the in every home an Energy Performance Guide no better, with a 9.6 percent drop, according to power and LED lights. company is differentiating itself during a down similar to the miles per gallon information for the National Association of Realtors. The city took the role of matchmaker to market. new cars that can show what energy costs will Despite the gloomy picture, KB opened make that happen, and waived its development For the quarter ending Feb. 28, KB report- be. this month the Arroyo community of 90 homes fees for the model home with the system and ed a net loss of $114.5 million, or $1.49 per “We are so far ahead we can show the cost in Lancaster and Echo Pointe and Echo Ridge the four homes offered to buyers. For KB to diluted share, on revenues of $196.9 million. on a sticker on every model,” said Steve with a combined 220 homes in Santa Clarita. partner with BYD, it had to be assured that the That is a wider loss when compared to the Ruffner, Southern California division presi- These communities join ones in ChulaVista, additional cost of the energy efficient homes same period a year when the company report- dent with KB. “What this does is ranks us Eastvale and Temecula offering the standard would not be passed on to the buyers. ed a net loss of $54.7 million, or $.71 per dilut- against other new homes and used homes.” solar equipment. By choosing SunPower to provide the solar ed share, on revenues of $264 million. KB has offered solar equipment as an systems, KB went with a company well expe- Contributing to the poor quarter was a option on homes in California and Colorado Several solar projects rienced in alternative energy. In addition to $53.7 million charge and a loss on loan guar- but to make it standard is, in Ruffner’s words, The abundant sunshine has drawn multiple having worked with other home builders, Sun- anty of $22.8 million related the bankruptcy of a game changer. solar projects to the Antelope Valley, with Lan- Power has also done projects with utilities, a Las Vegas project in which KB was a partial Residential home builders need whatever caster taking a lead in alternative energy pro- school districts, and major corporations. owner. advantage they can drum up to get potential duction. The city’s minor league baseball park In January, SunPower signed an agreement In its most recent earnings report, for the buyers to look at what they have to offer. installed an energy-efficient lighting system to deliver 711 megawatts of power to South- fourth quarter ending Jan. 2, SunPower had net New home sales in February totaled powered by a solar array. Five more city facili- ern California Edison. Two solar arrays income of $152.3 million, or $1.44 per diluted 250,000, according to figures from the U.S. ties will also have solar power. planned for near Rosamond in the Antelope share, on revenues of $937 million. For the Commerce Department. That is a 17 percent Last year, KB and Chinese manufacturer Valley will be operational in 2016. same period a year ago, the company reported drop from January and a 28 percent decrease BYD Corp. teamed up to offer a solar power “We got a price and value from SunPower net income of $8.5 million, or $0.per diluted from February 2010. Existing home sales were system that included a battery to store the that is the best value per kilowatt,” Ruffner share, on revenues of $547.9 million. Thumbnails | SFVBJ User Guide | Front Page | Table of Contents

SAN FERNANDO VALLEY BUSINESS JOURNAL April 11, 2011 7

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8 April 11, 2011 ENTREPRENEUR SAN FERNANDO VALLEY BUSINESS JOURNAL Hooked Up Firm Services Critical Medical Devices We All Take for Granted

PHOTO BY DAVID SPRAGUE Caretaker: Arthur Zenian, CEO of enBio, with an anesthesiology machine. Zenian’s company makes sure such equipment stays in tip-top shape at medical facilities.

By MARK R. MADLER Staff Reporter Among the facilities enBio works with are her on board is better than having a real part- facilities operated by Promise Healthcare enBio ner and one of the best decisions he has made, ith the addition in March of a hospi- Corp., Kaiser Permanente, and smaller ones Zenian said. tal in Bakersfield to its client list, such as Silver Lake Medical Center,and FOUNDED: 2008 As the service enBio provides is a combi- Wbiomed services provider enBio con- Good Samaritan Hospital in Bakersfield. REVENUES IN 2008: $2.3 million nation of technical skills and customer service tinues to pursue a growth strategy that its Negotiations are ongoing for enBio to provide skills, Connor’s background in the hospitality founder hopes will eventually get the company its services in the Dallas region, a first step to REVENUES IN 2009/2010: $5.3 million industry comes in use. known nationwide. expanding outside the western states. EMPLOYEES (2011): 30 Having worked at both big and small com- As much as Arthur Zenian wants his panies, the work environment of a mid-size firm company to grow – he’s eyeing 25 percent to Benefits of outsourcing the size of enBio combines the best of both. 30 percent annually – he wants to do it at a Outsourcing the maintenance and repair is that he started it on his own after having had “It has the professionalism of a corporation reasonable pace. services is a cost-cutting measure for health business partners in the other ventures. Those yet the feel of a small company,” Connor said. Zenian employs 30 people but at the Bur- care facilities by not having to hire extra staff to experiences with Strategic Clinical Engineer- (Both Connor and Zenian are Burbank bank headquarters there is only he and two do the work, buy expensive testing equipment, ing and Binovia left Zenian hesitant to try to natives and went to rival high schools where others. The rest are scattered in the western and purchase additional insurance coverage. go that route again. they played sports, Connor on the volleyball U.S., based out of the health care facilities at With medical facilities not making new From the Binovia experience at least, the team and Zenian in water polo.) which they maintain and repair equipment equipment purchases it becomes all the more expectations of a business partner never mate- used on patients. important to keep what they do have in top rialized. The missing piece was having some- Combining interests What enBio brings is peace of mind that condition. one who was willing to give their all and have Getting into the biomed industry was a way the equipment – ventilators, infusion pumps, Zenian has been the biomed services skills complementary to Zenian’s. for Zenian to combine two interests: being a imagers, and the like – are in working order provider to Promise Hospital, East Los Ange- After his partner relocated to Nebraska, the doctor and electronics. and get regular preventative maintenance. For les for about seven years. Administrative cost of keeping his piece of the business going His first job at Cohr Inc.,basedin the hospitals and surgery centers this is needed Director Lauren Troxel has a direct line to became more costly while at the same time Chatsworth, was where he learned the techni- to keep their accreditation, while for the him whenever there is an emergency. clients looked elsewhere for the same services. cal and equipment side of the business. Day- patients it cuts down the risk of a life-threaten- “They are extremely responsive and dedi- (After the pair split, the partner kept the to-day operations, however, were learned by ing malfunction. cated to getting the job done,” Troxel said. Binovia name and continued the company.) trial and error. After all, Zenian pointed out, how many “They are here every time we go through sur- After dispensing with a business partner, Zenian met Dennis Bernstein while earn- patients give much thought to that machine vey (for accreditation) and anything needed Zenian now finds value in surrounding himself ing a degree in business and management at they are hooked up to? from the surveyor’s perspective is met.” with good vice presidents. Woodbury University where Bernstein was “No one ever thinks about who services it, enBio marks the third biomed company Kara Connor has been with enBio since then an instructor. The two stay in touch with who maintains it,” Zenian said. Zenian has been involved with. 2008 but only last year was given the title of Zenian turning to Bernstein whenever facing a At enBio, that’s all they ever think about. What makes it different from the other two vice president of sales and operations. Having Please see page 9 Thumbnails | SFVBJ User Guide | Front Page | Table of Contents SAN FERNANDO VALLEY BUSINESS JOURNAL April 11, 2011 9 Space: Firm Finds Location

Continued from page 4 government and place they can grow and suc- ceed,” Gabler added. empty since Ronco, the company behind the Although Los Angeles has the reputation of Ginsu Knife, non-stick cooking pans and other having a difficult business environment that products pitched by its founder Ron Popeil, was not a factor in why Entertainment Earth is relocated its distribution and manufacturing leaving the city, Aaron Labowitz said. operations. “If we wanted to continue our growth, we The city and the Labowitzes have been in needed more space,” he said. contact for about six months on their interest The two buildings the company currently to move. Now that it is going to happen, the uses adds up to about 30,000 square feet. The city will do what it needs to make the transi- new building is 65,000 square feet, most of it tion go smoothly such as expediting permits in the warehouse. Office space totals about for interior changes. 15,000 square feet but a small percentage of “That is one less thing they have to worry that will be leased to outside businesses, about,” said Brian Gabler, an assistant city Labowitz said. manager and director of economic develop- The move is expected to be completed by ment. July 1 just as sales begin to pick up and Enter- The move by Entertainment Earth is more tainment Earth prepares for its annual appear- good news for a city that has seen other reloca- ance at Comic-Con International in San Diego. Co-owners: Jason, left and Aaron Labowitz of Entertainment Earth. tions within recent months from both new and existing businesses.

Other moves Both Tim-Co and Pharmaceutic Litho & Label moved from Chatsworth in recent months. You Rock Digital relocated from Irvine. In March, there were three existing businesses that moved to larger locations to accommodate their growth, Gabler said. These businesses come for and then stay for the attractive area Simi Valley has become, Gabler said. Do you have to reach out to your banker? “We will entice business with a friendly Or is it the other way around? EnBio: Nimble Continued from page 8 major business decision. Zenian has built into enBio a sense of community and pride about what they deliver, Bernstein said. “The clients see his products as high quality and it stems from his meticulous nature,” Bernstein said. That meticulousness, plus having been burned by previous business partners, con- tributes to what Zenian admits as a weakness in the business world – not delegating duties to others. As the chief executive at enBio he wears many hats but that is changing. Retreats with the executive team have included a close look at titles and job descriptions that take him out of the day-to-day decision making to focus on the bigger picture of where the company is going. “I am getting better at it,” Zenian said of delegating.

Bigger picture The bigger picture taking Zenian’s time now is how to get enBio into other markets outside of those in California, Nevada, Alaska, You want a financial specialist who understands your world. A proven banking expert with a solid track record of and Hawaii. Getting the account in Dallas helping businesses realize their financial goals. When you team with Union Bank,® you’ll experience a more personal would be a start. banking relationship centered around your needs. Our relationship managers will put their knowledge and expertise Going after those accounts, however, to work to help streamline your treasury management operations and maximize profitability. So now a stronger means going up against some big competition. GE Healthcare and the health care divi- banking relationship is well within your reach. sion of Philips also provide biomed services. As does ARAMARK, which in March With Union Bank, the world can be an easy place to do business. Call us today. acquired Masterplan, the company that absorbed Cohr Inc., Zenian’s one-time Commercial Banking: Commercial Treasury Services: Business Banking: employer. Scott Connella Diane Williams, CTP William Schleifer With its small size and 30 employees, Executive Vice President Senior Vice President Vice President enBio can be nimble and quick in responding 213-236-4275 213-236-5085 213-236-6861 to the needs of the clients. There is no large legal department to go through, for example, if changes are made to a contract. “We eliminate steps,” Zenian said. The motivation behind how enBio operates is to always keep moving forward and not let anything stop the company – from getting new ©2011 Union Bank, N.A. clients, from serving those clients, and bring- Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG), ing peace of mind. one of the world’s largest financial organizations. unionbank.com “That’s how we make health care happen,” Zenian said. “That is our tagline.” Thumbnails | SFVBJ User Guide | Front Page | Table of Contents 10 April 11, 2011 SAN FERNANDO VALLEY BUSINESS JOURNAL Move to Valley Opens Opportunities for Car Company AUTOS: On-location filming added to Northridge operations of Picture Car Warehouse.

By MARK R. MADLER Staff Reporter

Having moved all its operations to North- ridge from downtown Los Angeles, Picture Car Warehouse is all revved up and ready for the cameras. After five years at L.A. Center Studios, founder and owner Ted Moser relocated his collection of some 700 vehicles to a former Cadillac dealership on Reseda Boulevard where there was more space to store the cars, trucks and motorcycles and for the staff to work their magic on transforming the vehicles for use in television shows, feature films, com- mercials and still photo shoots. Within the maintenance bays, vehicles get modified by addition or subtraction. That could be a new color, a different kind of engine, or a second pedal to operate the rear brakes. “We undo what the computer tries to do,” Moser said. PHOTO BY DAVID SPRAGUE Recent projects that Moser has supplied Driven: Company founder Ted Moser with some of the cars his ﬁrm provides for work in ﬁlms, TV shows and other shoots. vehicles for are “The Lincoln Lawyer,” “The Town,” “The Runaways,” and the upcoming the help he has been giving us.” Foster said. took that knowledge and operated his business owners. “Fast 5.” Maybe Moser knows what transportation on the premise that he could prevent costly and The value is evident when doing a period The additional space at the new location coordinators need is because he was one once time-consuming errors when it came to the piece like “Mad Men” because the collectors opened up opportunities for filming on site. In himself. His background in the industry is vehicles. treat their cars like a baby and are protective, late March for instance, filming took place for what makes Picture Car Warehouse different Moser also took the wise course of sur- Foster said. a commercial and Picture Car Warehouse is from the few other vehicle vendors located in rounding himself with industry veterans. The crew at Picture Car Warehouse treats also where nine episodes of “Car Warriors” the Valley. Phil Fiori has been around movie making the vehicles they create and modify like per- were filmed in November for broadcast on the Ray Claridge was operating an auto repair for some 30 years and knew Moser from a formers because that is what they are to them. Speed channel. Each episode tracks two teams shop in the mid-1970s when he got into sup- project they both worked on. He joined Picture These are characters with two or four wheels, in a competition to build a car in 72 hours. plying picture cars that grew into Cinema Car Warehouse two and a half years ago and is a snazzy paint job, and a powerful engine. The rentals, however, remain the core of Vehicle Services in North Hollywood, the responsible for commercial work and building “The cars for us are the actors,” said Billy the business. largest of the vehicle vendors. (GhostLight up the inventory of third-party vehicles from Hammon, a partner with Moser. “They are the Duke Foster considers what Moser and Industries in the City of San Fernando rounds bicycles to airplanes whose owners will make soul of everything we do.” Picture Car Warehouse offers as indispensable out the trio of such businesses.) available for filming. Hammon is another long-time industry vet- to his position as transportation coordinator for “If we cannot create the car here we will eran, one whose connections helped bring the AMC series “Mad Men.” Personal collection find it from an outside source,” Fiori said. PCW to Northridge. Hammon had worked Creator Matthew Weiner is a stickler for Moser’s personal collection of 25 cars was with the Rydell dealership chain in the past authenticity and accuracy and Moser meets the the original inventory when he started out in Protective of cars and used that connection to land the deal to challenge even for the vehicle interiors and 2002 to compete against Cinema Vehicle Serv- That is another way that Moser & Co. take over the former Cadillac store. materials that may not make it on camera, Fos- ices, which had long been the main provider proves indispensable to the transportation Since moving to Northridge, the inventory ter said. for film and TV work. coordinators like Foster. There is one point has proven to be so large that two satellite sites “The Emmys we have won is indicative of Having been part of a filming crew, Moser person making arrangements with the private were procured for storage.

Hirings, promotions and special accomplishments PEOPLE ON THE MOVE in local business

MEDIA AND COMMUNICATIONS ACCOUNTING GRAPHICS AND PRINTING Lisa B. Singelyn William F.Wolf Sylmar-based graphics and Director of Social Media, printing services has been in Communications Managing Partner, Sherman Oaks operation since 2001. In March, Burbank-based Counterintuity LLC, Imagination Works was chosen Squar Milner, CPA’s, is excited to a full service marketing, social media, to be the graphics and printing open its Sherman Oaks office with design and communications agency, company for Boeing (Sylmar), William F.Wolf as the Managing named Lisa Bolton Singelyn as Director Anthony International, Hollywood Partner. On March 1, 2011, Bill joined of Social Media and Communications. Rentals, Pit Bull Energy Drink, Squar Milner and brought his tax and Singelyn will be responsible for and Keller Williams North Valley. As our clients’ needs Lisa Singelyn accounting practice from White executing social media initiatives and change constantly, Imagination Works has adapted to the Bill Wolf Zuckerman, consisting of 12 profes- teams for Counterintuity clients across all online platforms. latest technology in litho, digital and online marketing disci- sionals and over 500 clients. Bill is experienced delivering In addition, she will manage firm communications, oversee- plines. a broad array of tax and accounting services to business ing messaging content, process and systems. By investing in eco-friendly technology, friendly paper enterprises and high net worth individuals. He also serves With two decades of experience in communications, goods and inks, Imagination Works is being responsible in as a litigation consultant in tax and accounting matters and she has produced publicity and social media campaigns for doing its part to help the environment. "Its an investment performs fraud investigations. Bill was formerly a partner at Fortune 500 companies, major non-profits, family-run we need to make to be competitive, and to hire the right PricewaterhouseCoopers. Through its Sherman Oaks businesses, celebrities and more. skilled designers to have the competitive edge and to meet office, Squar Milner will expand its tax and accounting deadlines" - Edward Campos. “Lisa’s strong background in writing, paired with her services to Los Angeles middle market companies and extensive experience in deploying social media marketing high net worth individuals. platforms to build engagement, will help both our clients and For more information, videos, and case studies, log onto our agency reach new heights.” ImaginationWorks.org People on the Move is the place to recognize deserving business professionals. It features photos and brief bios on new professional promotions, new hires, awards and recognition. Contact Victoria Brown to reserve your space 818-676-1750 or [email protected] Thumbnails | SFVBJ User Guide | Front Page | Table of Contents

SAN FERNANDO VALLEY BUSINESS JOURNAL April 11, 2011 11 New Vendor at Hospital To Absorb Layoffs of Firm LABOR: Henry Mayo sets worldwide company. They do this at many, Integrated Support Solutions Inc. Layoff many hospitals, so they have best practices." requirements in new contract. Sodexo already has plans about some of Job Title Number of Employees: By JESSICA VERNABE Staff Reporter the changes it will make once it starts work- Administrative assistant ...... 1 ing with the hospital. Those include plans to Catering chef ...... 1 More than 120 workers laid off by a ven- visually improve the employee and guest Cook ...... 5 dor of Henry Mayo Newhall Memorial cafeteria, improve traffic flow, change the Diet clerk...... 4 Hospital are getting the chance to continue food offerings and add a coffee cart bistro. It Dishwasher/host ...... 2 working at the Valencia-based health care also plans to implement its branded ordering EVS hospitality aide (Housekeeping)...... 67 facility. concept called Expressly For You. EVS lead...... 2 When the hospital decided to end its con- "For the patients, we're going to move to a Floor care...... 1 tract with Integrated Support Solutions same-day menu so that we will have a hostess Food service lead ...... 1 Inc.,orISSI, for food, housekeeping and actually take the order," Diamond-De La maintenance services, the Van Nuys-based Mata said, adding that the order would be Food service worker ...... 27 company notified 128 workers at the site last taken at patients’ bedsides a couple of hours Food service worker/cashier...... 2 month that they would be laid off in May. before meal time. "It's kind of like a restau- Maintenance engineer ...... 9 However, through requirements set by the rant style. … This really helps to drive patient Painter...... 1 hospital in its new vendor contract, incoming satisfaction, as well as nursing satisfaction, in Power plant engineer ...... 5 company Sodexo Inc. will be hiring all the the hospitals.” Source: California’s Worker Adjustment and Retraining Notification (WARN) hourly workers from the former contract – or at least the ones that pass background checks and drug screens. The hiring process will be completed this month. "We've honored their years of service with their current employer," said Roseanne Dia- mond-De La Mata, sales director at Sodexo's San Diego office. The company is based in Gaithersburg, Md. "We're honoring everyone's rate of pay also, and most importantly, they will have health care benefits on day one, too."

Contract May 14 Sodexo, which begins its contract with Henry Mayo Newhall Memorial Hospital on May 14, has timed the switch so as to avoid inconveniences for the employees. Those becoming employed by Sodexo will not experience any disturbances in their work or pay schedules. Hospital officials say keeping the workers on staff is going to benefit both the employees and the hospital. "It’s great that we were able to absorb all of those employees that normally would have been laid off," said Jonathan Miller, the hospital's vice president of ancillary and support services, adding that the practice is not the norm in vendor contract changes. "They know our physicians, our staff, they know some of our patients. ... We're a stand-alone community hospital, so we like to think of ourselves sort of as a family." Despite the plan to switch employees from one company to the other, ISSI is still prepar- ing its soon-to-be laid-off employees for possible unemployment. "We have representatives from the (Employment Development Department), from the Santa Clarita WorkSource Center and from other local community organizations that assist with training and job place- ment coming out to meet with the staff within the next couple of weeks to (inform them of) their rights to unemployment and different services," said Tamara Ehrlich, manager of people services for ISSI. The company has also already made positions available in its other divisions to some employees affected by the contract change. Those employees were not included in the count of 128 laid-off workers, and Ehrlich said she could not disclose how many additional workers were included in the contract.

Four bidders The vendor change came after nearly 12 years of service with ISSI, a medium-sized company that provides similar services for other hospitals of comparable size to Henry Mayo Newhall Memorial Hospital, primarily in California. Sodexo, a much larger company, was one of four contract bidders. "Eleven years is probably longer than most contracts of this type, so it was time for us to look around and see what other vendors were out there and what they were offering," Miller said. "They (at Sodexo) just have the corporate infrastructure to offer very good service levels. They have a lot of accounts, and they're a Thumbnails | SFVBJ User Guide | Front Page | Table of Contents

12 April 11, 2011 SAN FERNANDO VALLEY BUSINESS JOURNAL LARGEST SHOPPING CENTERS THE LIST Ranked by taxable sales in 2010

EXECUTIVE SUMMARY THE PACESETTER LIST – CORRECTION his is the first year the Business available. The largest shopping center is he No. 1 ranked shopping center Sears with other attractions being a In the List of the Largest Journal has compiled the List of the the Northridge Fashion Center with in the greater San Fernando Valley selection of restaurants and a 10 Manufacturing Companies TValley’s Largest Shopping Centers. $1.4 billion in taxable sales. The No. 2 Tarea is Northridge Fashion Center screen movie theater. The mall is in the March 28 issue, Neu- These facilities are malls or outlets, ranked shopping center is Westfield with the most in taxable sales and sec- involved with the local community, traderm Inc.’s description of both indoor and outdoor that offer Topanga in Woodland Hills, which is ond largest in square footage. Opened participating in charities like Habitat services should have read retail, restaurants and other forms of physically larger than Northridge Fash- in 1971, it was damaged by the 1994 for Humanity and offering a Kid’s “Technology based skin care entertainment. The shopping centers ion Center by 190,000 square feet. The Northridge earthquake and renovated Club for children ages 1-8. It is man- manufacturer for major were ranked by taxable sales for 2010, oldest shopping center here is Janss in 1995 and again in 1998. The mall aged by General Growth Properties domestic and international with each one’s square footage, number Marketplace in Thousand Oaks, opened features over 170 stores with its major which also operates the Glendale brands worldwide”. of tenants and stores presented where in 1960. – By Josh Dausch anchors being Macy’s, JC Penny and Galleria. – By Josh Dausch

Rank Shopping Center Taxable Sales Gross Leasable Number of Stores Major Tenants Profile Center Manager name 2010 Area management company name address (in sq. ft.) year opened phone website Northridge Fashion Center $1,376,835,473 1,440,000 170 Macy's, JCPenney, Sears, the Apple Store General Growth Properties Daniyel Gordon 1 9301 Tampa Ave. 1971 General Manager Northridge 91324 northridgefashioncenter.com (818) 885-9700

Westfield Topanga $1,221,986,516 1,630,000 279 Macy's, Neiman Marcus, Sears, Target, Westfield Group Erik Klafter 2 6600 Topanga Blvd. Nordstrom 1964 General Manager Canoga Park 91303 westfield.com/topanga (818) 594-8732

Sherman Oaks Galleria $754,399,520 300,000 23 ArcLight Cinemas, DSW, The Cheesecake Douglas Emmett Ashley Nazarian 3 15301-15303 Ventura Blvd. Factory, 24hr Fitness 1980 Property Manager Sherman Oaks 91403 shermanoaksgalleria.com (818) 382-4100

Westfield Fashion Square $625,775,025 845,312 229 Bloomingdale's, Macy's, Westfield Group Shanna Coburn 4 14006 Riverside Dr. 1962 General Manager Sherman Oaks 91423 westfield.com/fashionsquare (310) 478-4456

Glendale Galleria $472,400,000 1,500,000 250 Nordstrom, Macy's, JCPenney and Target General Growth Properties Chris Bilotto 5 2148 Glendale Galleria 1976 General Manager Glendale 91210 glendalegalleria.com (818) 246-6737

Camarillo Premium Outlets $362,000,000 454,091 182 Aeropostale, American Apparel, Banana Simon Property Group Brian Sikoff 6 740 E. Ventura Blvd. Republic, Nautica, Nike, PacSun 1995 Marketing Camarillo 93010 premiumoutlets.com (805) 445-8250

Burbank Town Center $337,617,000 1,200,000 126 Macy’s, Sears, Sport Chalet, Bed Bath & Jones Lang LaSalle Mike Keurjian 7 201 East Magnolia Blvd. Beyond, AMC Theater 1991 General Manager Burbank 91502 burbanktowncenter.com (818) 566-8556

Burbank Empire Center $297,412,200 618,342 17 Target, Lowe's Home Improvement, Costco, The Zelman Development Co. Michele McKinnie 8 1800 Empire Ave. Great Indoors, Marshall's, Best Buy, Sportmart, 2001 General Manager Burbank 91504 Michaels, Staples na (714) 996-6428

Westfield Promenade $271,485,534 613,490 50 AMC Theaters, Barnes & Noble, Dick's Sporting Westfield Group Richard Chung 9 6100 Topanga Canyon Blvd. Goods 1973 General Manager Woodland Hills 91367 westfield.com/topanga/ (818) 594-8732 promenade Panorama Mall $263,683,368 324,959 50 Wal-Mart, La Curacao, GNC, GameStop, Macerich Real Estate Co. Ron Collins 10 8401 Van Nuys Boulevard RadioShack 1980 Property Manager Van Nuys 91402 panoramamall.com (818) 894-9258

The Oaks Shopping Center $249,839,400 1,034,267 180 Apple, Nordstrom, Macy's, JCPenney, J. Crew, Macerich Julia Ladd 11 222 W Hillcrest Dr. Pottery Barn, Forever 21 1978 Sr. Property Manager Thousand Oaks 91360 shoptheoaksmall.com (805) 495-2032

Westfield Valencia Town Center $222,322,400 851,449 221 JCPenney, Macy's, Sears Westfield Group Raj Chandani 12 24201 W. Valencia Blvd. 1992 General Manager Valencia 91355 westfield.com/valencia (310) 478-4456

Antelope Valley Mall $201,490,100 1,001,000 140 Macy's, JC Penney, Sears, Forever 21 ForestCity Enterprises Scott Cummings 13 1233 Rancho Vista Blvd. 1990 General Manager Palmdale 93551 av-mall.com (661) 266-9150

Calabasas Commons $199,781,700 200,000 33 Ralph's Grocery Store, Barnes & Nobles, Caruso Management Company Nate Smith 14 4799 Commons Way Williams-Sonoma 1998 General Manager Calabasas 91302 shopcommons.com (818) 222-3444

Simi Valley Town Center $169,466,100 612,000 93 Macy's, Apple Store, Coldwater Creek, California Alberta Development Partners Greg Lenners 15 1555 Simi Town Ctr. Way Pizza Kitchen, Forever XXI, Urban Outfitters, 2005 General Manager Simi Valley 93065 Victoria’s Secret simivalleytc.com (805) 581-1430

Camarillo Town Center $136,000,000 347,864 24 Petco, Pier One Imports, Staples, Target, Ross, Investec Management Corp. David Beaumont 16 163 W Ventura Blvd. Home Depot 1997 Manager Camarillo 93010 na (805) 854-8300

The Americana at Brand $119,100,000 475,000 68 Pacific Theaters, Barnes & Nobles, Guess, Caruso Management Company Jackie Levy 17 300 S Brand Blvd American Eagle Outfitters, Rite Aid 2008 Sr. General Manager Glendale 91204 americanaatbrand.com (818) 637-8982

Glendale Fashion Center $86,900,000 264,000 NA TJ Max, Nordstrom Rack, Ralphs, Staples Vestar Development Co. Jeff Lochner 18 233 N Glendale Ave. 1966 Sr. Construction Manager Glendale 91206 na (562) 938-1722

Janss Marketplace $61,222,300 660,000 38 Burlington Coat Factory, Marshalls, Gold's Gym, NewMark Merrill Heaher Danko 19 275 N Moorpark Rd. East Toys 'R Us 1960 Marketing Thousand Oaks 91360 janssmarketplace.net (805) 495-4662

River Oaks Shopping Center $52,116,300 284,228 20 Target, Wells Fargo Bank, Big 5, Mimi’s Cafe CB Richard Ellis Gregory Whitney 20 Magic Mountain & McBean Pk. 1986 Leasing Valencia 91355 cbre.com (310) 765-2594

The Promenade at Westlake $48,100,300 210,210 31 M. Fredric, Mann Village 8, Barnes & Nobles, Caruso Management Company Nate Smith 21 100 Promenade Way Restoration Hardware 1996 General Manager Westlake Village 91362 shoppromenade.com (818) 637-8923

Lancaster Town Center $39,310,500 550,000 7 Lowe's, WinCo Foods, Chilis, Rubio's CB Richard Ellis Vince Roche 22 Ave.K&W.10th St. NA Property Manager Lancaster 93534 na (661) 633-3817

Canyon Center $33,929,100 230,000 45 TJ Max, Big Lots, Dollar Tree, Auto Zone, Wells FCM Management Co., LLC Andrew Garcia 23 19307-19435 Soledad Canyon Rd. Fargo Bank 2002 General Manager Santa Clarita 91351 canyon-center.com (818) 385-1777 24 Camarillo Village Square $26,000,000 242,808 NA Big 5 Sporting Goods, PetSmart, Chase Bank Donahue Schriber Chris Elliott 2400 E. Las Posas Rd. 20001 Manager Camarillo 93010 na (714) 966-6483

The Plant $3,642,088 367,799 15 Home Depot, Babies "R" Us, Ross Dress for Selleck Development Daniel F. Selleck 25 7884 Van Nuys Boulevard Less, Michael's, Party City 1995 Owner Van Nuys 91402 na (805) 495-5400

NA: Not Available na: Not Applicable WND: Would Not Disclose. The shopping centers were ranked To the best of our knowledge, this information is accurate as of press time. While every effort is made by their total taxable sales revenue in 2010. In the case of a tie, the shopping centers were further to ensure the accuracy and thoroughness of the list, omissions and typographical errors sometimes ranked by gross leasable square footage. Information was provided by local city offices and the occur. Please send corrections or additions on company letterhead to the Research Department, San International Council of Shopping Centers. Sales figures for the Fallbrook Center and Universal City Fernando Valley Business Journal, 21600 Oxnard St., Suite 250, Woodland Hills 91367. ©2011 San Walk were unavailable. Fernando Valley Business Journal. This list may not be reprinted in whole or in part without prior written permission from the editor. Reprints are available from Wright's Reprints, (877) 652-5295 ext. 1 purchased by Donahue Schriber & remodeled 104 or e-mail [email protected]. Researched by Josh Dausch RhdbJhDh Thumbnails | SFVBJ User Guide | Front Page | Table of Contents

SAN FERNANDO VALLEY BUSINESS JOURNAL THE LIST April 11, 2011 13

Valley-Area Shopping Centers CALIFORNIA FINANCIAL LITERACY Number of Stores CONFERENCE for EDUCATORS 300 279 275 BRINGING 250 personal FINANCE education 250 229 INTO CSSROOMS 225 221 200 182 180 www.calcpa.org/FLConference 170 175 140 150 126 THANK YOU TO OUR GENEROUS SPONSORS 125 93 CO–HOSTS 100 75 50 SPONSORS 0 Burbank Westfield The Oaks Camarillo Simi Valley Northridge Town Center Town Center Town Center Fashion Center Fashion Square Premium Outlets Shopping Center Glendale Galleria Westfield Valencia WestfieldTopanga Antelope Valley Mall Centers Add Stores, See Return of Shopper Interest previous year. There were also other perks. FOR MORE INFORMATION RETAIL: Mall executives “It was better for leasing longer-term deals contact Jill Gorman: [email protected] • (800) 922-5272 than in 2009,” he said. “I think the consumer claim 2011 bringing higher confidence has gotten a little bit higher.” spending per customer visit. He added that there was also a return of luxury shoppers and higher spending per visit. People. Performance. Profits. By JESSICA VERNABE Staff Reporter In 2010, the mall also added new retailers, ACHIEVE A DIGITAL PERSPECTIVE which included Urban Outfitters, Anthro- (%0) '%62)+-) Attend This One Time Event: Changes in 2010 for the San Fernando Val- pologie,theAuto Gallery and Paul’s TV. 86%-2-2+ ley region’s largest shopping centers included Urban Outfitters replaced Pottery Barn. store expansions, new stores and some major In looking ahead to retailer losses. The Village at Westfield 6RFLDO 0HGLD 0DUNHWLQJ The region’s largest shopping center in THE project, which will %XLOG

Kirsch Kohn & Bridge Big Transition $60 per ticket/reservations required by June 1st Moss Adams Aerospace is an industry in transition – in Reserved tables of 10 are available through the the materials used in aircrafts, in the manufac- Phillips Graduate Institute purchase of an advertising package turing process, in how the supply chain works. Getting through that transition will require Wells Fargo new technology, innovation and a global perspective. An aircraft assembled in the U.S. can no longer rely solely on domestic suppliers. For sponsorship and registration information, These new methods and processes must be visit www.sfvbj.com and click the “events” tab, applied to overcome the industry’s habit of 818.676.1750 or [email protected] long development cycles. There needs to be a or contact Rikki Valle at quicker way of going from a prototype to a full production aircraft without having to do engineering over and rebuild the supply chain, said Mike Vander Wel, manufacturing domain SAN FERNANDO VALLEY BUSINESS JOURNAL leader, enterprise technology strategy office 21600 Oxnard St. Ste 250 • Woodland Hills, CA 91367 • 818.676.1750 • www.sfvbj.com Please see MADLER page 36 Thumbnails | SFVBJ User Guide | Front Page | Table of Contents SAN FERNANDO VALLEY BUSINESS JOURNAL April 11, 2011 15

providence health & services

PROVIDENCE MEDICAL CENTERS

Providence Holy Cross and Providence Tarzana Medical Centers in Top Rankings by U.S. News & World Report

At Providence, we’ve always known that our hospitals provide quality, compassionate care to the communities we serve. And now U.S. News & World Report has recognized Providence Holy Cross and Providence Tarzana Medical Centers as among the top 50 Best Hospitals in the Los Angeles-Orange County metropolitan area.

Of the 5,000 hospitals nationwide, U.S. News rankings recognize 622 hospitals in or near major cities with a record of excellence in key medical specialties. In the greater Los Angeles/Orange County area, Providence Holy Cross Medical Center tied at number 18 and Providence Tarzana Medical Center tied at number 36.

Our commitment to providing ever-improving quality care to our patients and our communities is reﬂected by national recognition, such as U.S. News & World Report’s Best Hospitals rankings that place Providence in the company of the ﬁnest healthcare facilities across the country. Our patients know that the compassionate care they receive at any of our Providence hospitals results from the professionalism, teamwork and dedication of every individual who takes part in their health care. At Providence, we consider it an honor and privilege to be a part of the communities we serve.

For a full listing of all our quality awards, please visit our website at www.providence.org/california.

1-888-HEALING (432-5464) www.providence.org/california

Providence Providence Providence Providence Providence Holy Cross Little Company of Mary Little Company of Mary Saint Joseph Tarzana Medical Center Medical Center Medical Center Medical Center Medical Center Mission Hills San Pedro Torrance Burbank Tarzana

Members of the Providence Family of Services

Providence Medical Institute Providence Center for Community Health Improvement | North Hollywood Providence TrinityCare Hospice Providence Little Company of Mary Women’s and Children’s Clinic | Harbor City Providence High School | Burbank Providence Little Company of Mary Sub Acute Care Center | San Pedro Providence St. Elizabeth | North Hollywood\ The Vasek Polak Family Health Clinic | Hawthorne

Consider helping our community with a donation to the Providence Health & Services Foundation by calling (818) 847-HOPE for our Valley hospitals or (310) 303-5340 for our South Bay hospitals. To make a donation to the Providence TrinityCare Hospice Foundation for our hospice services please call (310) 257-3535. Thumbnails | SFVBJ User Guide | Front Page | Table of Contents

16 April 11, 2011 SAN FERNANDO VALLEY BUSINESS JOURNAL Commercial Real Estate Activity Has Picked Up Recently OFFICE: job growth is certainly a factor in the high First part of 2011 vacancy numbers, but some submarkets have has made brokers ‘cautiously unique challenges, according to brokers. For instance, the 7.4 million Woodland Hills sub- optimistic’ about the future. market considered one of the more sought after office markets has a high vacancy level, By KEELEY WEBSTER because LNR Property delivered the final Contributing Reporter 500,000 square foot segment of its 7-building Warner Center office campus in 2008 on spec In the first two months of this year, leasing and the building is 50 percent leased, Solomon activity and sales have ticked up enough to said. give even the most pessimistic commercial The size of the 7.4 million square foot real estate brokers reason to claim a “cautious- Woodland Hills market, most of which is the ly optimistic” viewpoint. Warner Center development, helped slant the “We have done more leasing over the past vacancy rate upward, Solomon said. four months than we did over the last two “The vacancy rate on the 20 million square years,” said Todd Nathanson, president of feet we track in the San Fernando Valley is a Encino-based illi Commercial Real Estate, weighted average,” Solomon said. “If you con- who specializes in retail leasing, management sider that Woodland Hills has 7.4 million and sales. “We noticed a correction a year and square feet – and the next largest submarket is a half ago. Part of the correction was that our Encino at 3.5 million square feet. The Encino (landlord) clients came to terms with lower and Sherman Oaks submarkets have 15.5 per- lease rates.” PHOTOBYMARCIALINDAHL cent and 15.8 percent vacancy rates (much Both the number of sales and the price each Warner Center: The Woodland Hills market still has challenges, brokers say. lower than the 20 percent average).” deal is selling for have increased in North Los Angeles County and the Tri-cities of Burbank, uptick in October/November 2009,” said Mike The overall vacancy rate for office in Countrywide factor Glendale and Pasadena, according to data from Tingus, president of Lee & Associates-LA greater Los Angeles was 18 percent in the The employers who created the most con- Real Capital Analytics. North/Ventura Inc. “We started seeing people fourth quarter, an 8.8 percent increase from the cern for office and industrial owners at the In the first two months of 2010, only two coming back into the market primarily on the 16.6 percent vacancy rate posted in fourth height of the economic meltdown – Country- deals totaling $14 million traded in North Los user side in industrial and office.” quarter 2009, according to a CB Richard Ellis wide Financial and Amgen – did not end up Angeles County; but in the first two months of The uptick began with industrial, office, office market report. The San Fernando Valley putting as much space back on the market as 2011, eight properties have traded hands for a then retail and halfway through 2010, multi- submarket experienced the area’s second high- originally expected, however. total of $164 million, the RCA data showed. family saw increased activity, said Tingus, est vacancy rate in fourth quarter 2010 hitting Countrywide owned 2.4 million square feet The first few months of 2010, were not who is projecting a four to five percent annual 20.8 percent, the report states. of office and industrial space in the San Fer- quite so anemic in the Tri-cities area, where rental increase on apartments, because of the “It’s not surprising considering we are nando Valley and Conejo Valley when Bank of the sales total was $99.4 million for the 11 difficulty of getting into a home. coming out of the worst recession in most peo- America purchased the company. If Bank of properties that traded hands, but in the first few ple’s lifetimes,” said David Solomon, a senior America had drastically reduced the size of its months of this year that number more than Giving back vice president in the Universal City office of operations by closing those offices or reducing doubled at $267 million for 20 properties, the In the office leasing market, however, some CB Richard Ellis. “It is consistent with the the workforce – as often occurs following a RCA data showed. of the activity has been companies renewing at general overall economy.” buyout – it would have sent shockwaves “For our company, we started to see an lower rates and giving back space, Tingus said. The general economic malaise and lack of Please see ACTIVITY page 38

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SAN FERNANDO VALLEY BUSINESS JOURNAL April 11, 2011 17 Number of Local Leases Doubles for CB Richard Ellis RANKING: Firm holds on to North/Ventura Inc. had the biggest increase in total value of deals, adding more than $250 The Leaders No. 1 spot but total value of million from the previous year. That bumped the firm up to second place in 2010 from its $800 Valley-area deals declines. previous third-place position. NAI Capital Total Value of Leases 2010 moved from second place to third place. $700 By JESSICA VERNABE Staff Reporter Total Value of Sales 2010 Delphi Business Properties Inc. moved $600 The region’s largest commercial real estate up from 13th place to 10th. broker found that there was more activity in $500 leases than sales last year. Turn of the market CB Richard Ellis Inc. came out on top in Last year was a big year for Sherman $400 total value of deals (sales and leasing) in 2010. Oaks-based Lee & Associates-LA North/Ven- $670,570,730 $300 It also was No. 1 in 2009. The firm tallied tura. Its total value in local deals jumped to Millions of Dollars $209,418,772 $211,000,000

$880 million in deals in 2010. $635 million in 2010 from $383 the previous $176,165,257

$200 $160,718,129 While CB Richard Ellis was ahead of other year. Activity was up in both sales and leases. firms in the Valley, its $880 million in local “The market started turning primarily due $100 $102,000,000 $358,144,922

deals was lower than the to there being some really great opportunities,” $5,515,000 $276,666,105 $1 billion it generated in said Mike Tingus, the firm’s president, adding $0 $251,583,013 s 2009. Richard Bright, rd e THE that he noticed the change in October of 2009. . t / a cha th senior managing director “Companies (could) take advantage of the r . ices s Langalle v e ssoci Inc r aS for the company’s Los falling market and you were able to move Ellis Inc A ommercial on L LIST CB Ri LA No NAI Capital C Se J Angeles North opera- locations, either buying a building or leasing a tura y alt ee & e tions, said the number of building, and then companies continued to do L Ven R deals in 2010 was equal to pre-recession lev- the same thing in 2010,” Tingus said. Beitler els, but transaction values were lower and Lee & Associates was able to close some there were fewer sales. large transactions last year, contributing to its cess to its market diversification. chose short-term lease extensions over new But the number of leases more than dou- big jump in value of deals. Encino-based NAI Capital was in third leases, Zugsmith said. bled to 842 in 2010 from 420 in 2009. Some of the largest transactions included place, with its 2010 total deal values declining Another notable mover on the 2010 list of “A better percentage of our activity came the sale of the 128,000-square-foot Creekside to $337 million from $526 million. The num- the largest commercial brokers is Delphi Busi- from the leasing side of the house while sales Executive Center, a business park in Camaril- bers of both sales and leases locally dropped ness Properties. The Van Nuys-based firm’s were less,” Bright said. “There was pent-up lo, for a reported $10.8 million; the sale of a by more than half. value of deals grew by nearly 70 percent, demand (for leases) and the deals were expir- 21.5-acre development site in Agoura Hills for Michael Zugsmith, the firm’s chairman, bringing in $124 million in 2010 compared to ing and they had to get deals done, although a reported $8.6 million; the lease of a 313,142- said the decline was due to more growth $74 million in 2009. they were shorter-term deals.” square-foot industrial building in Van Nuys for occurring in its “suburban” markets, or in the “I guess we had an increase in number of Bright said he expects both sales and leas- lessor Superior Industries International; and Inland Empire and in Orange County, than in larger transactions within the firm, but the ing activity to increase in 2011. the sale of a 21,676-square-foot office and the San Fernando Valley. The firm also saw market is still very soft,” said Ross Thomas, CB Richard Ellis had 72 brokers in the San medical office building in Moorpark for a more deals occur outside of California. CEO of the brokerage firm. Fernando Valley in 2010, more than any other reported $7.48 million. Other factors that complicated the volume He also attributed the improvement to the local commercial brokerage firm listed for that of deals locally for NAI Capital were that fore- work of his brokers, and to the fact that his year. Diversification closed properties failed to hit the market in the firm primarily focuses on industrial real estate The No. 2 firm, Lee & Associates-LA Tingus also attributed the company’s suc- expected volume, and many local tenants in the San Fernando Valley.

Hollywood Palladium Renovations, Hollywood, CA

18 April 11, 2011 SAN FERNANDO VALLEY BUSINESS JOURNAL COMMERCIAL REAL ESTATE BROKERAGE FIRMS THE LIST Ranked by number of brokers in the greater Valley area in 2010

Rank Company Brokers Total Value Sales Leases Services Offered Profile Top Local Executive name SFV of Deals in Value of Sales '101/'091 Value of Leases '101/'091 (partial list) SFV/L.A. offices name 2010 address L.A. County # of Sales '10/'09 # of Leases '10/'09 headquarters title (in millions) year founded phone CB Richard Ellis, Inc. 72 $880 $209/$510 $671/$495 agency leasing, tenant representation, 1/7 Richard Bright 1 111 Universal Hollywood Dr. 204 63/91 842/420 investment, valuation, debt & equity finance, Los Angeles Sr. Managing Director Universal City, 91608 property and project management 1906 (818) 50-4389

NAI Capital 62 $337 $176/$211 $161/$314 acquisitions and dispositions, sublease, tenant 3/5 Michael A. Zugsmith 2 16001 Ventura Blvd. #200 92 51/131 409/1,128 representation, lease administration and audit, Encino Chairman Encino, 91436 investment services, due diligence 1979 (818) 905-2400

Lee & Associates-LA North/ 56 $635 $358/$191 $277/$192 acquisition, disposition and leasing of office, 3/7 Mike Tingus 3 Ventura, Inc. 120 112/WND 588/WND industrial, retail, multifamily and investment Sherman Oaks President 15250 Ventura Blvd. #100 properties and land for development 1994 (818) 986-9800 Sherman Oaks, 91403 Marcus & Millichap Real Estate 47 $246 $246/$300 $0/$0 commercial real estate investment sales 1/4 John J. Kerin 4 Investment Services 101 117/109 0/0 brokerage for all property types Encino President/CEO 16830 Ventura Blvd. #352 1971 (818) 212-2700 Encino, 91436 DAUM Commercial Real Estate 28 $242 $114/$80 $128/$110 industrial, office, retail leasing and sales, 3/5 Myles Helm 5 Services 80 80/53 478/404 investment property sales, property Los Angeles President 21860 Burbank Blvd. #175 management, tenant representation, market 1904 (818) 887-3600 Woodland Hills, 91367 research Investment Real Estate 22 $203 $203/$129 $02 apartment, retail, office, industrial, land, 1/1 Raffi D. Krikorian 6 22 26/19 2 investment property acquisitions and Encino President/CEO Associates 0/0 16501 Ventura Blvd. #448 dispositions; is not involved in leasing, tenant 1999 (818) 386-6888 Encino, 91436 representation or management of properties Beitler Commercial Realty 21 $313 $102/$117 $211/$251 office, industrial, retail, tenant/landlord 1/4 Barry Beitler 7 Services 82 WND/WND WND/WND representation, corporate services, lease Los Angeles President 15165 Ventura Blvd. #310 administration 1979 (818) 501-5001 Sherman Oaks, 91403 Delphi Business Properties, Inc. 15 $124 $77/$28 $53/$46 real estate sales, leasing, property 1/1 Ross W. Thomas 8 7108 Hayvenhurst Ave. #211 15 35/18 259/211 management Van Nuys CEO Van Nuys, 91406 1977 (818) 780-7878

illi Commercial Real Estate 15 $34 $9/$3 $25/$6 leasing, management and sales of commercial 2/2 Todd Nathanson 9 17547 Ventura Blvd. #304 3 4/2 88/75 retail property and tenant/landlord rep Encino President Encino, 91316 2007 (818) 501-2212

➤ Continued on page 20

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LEASED: 10,764 SF SOLD: 14,750 SFSF LEASED: 313,142 SF LEASED: 9,0189,018 SF SOLD: 39,967 SFSF OFFICE OFFICE BLDG G INDUSTRIAL OFFICEE OFFICE BLDG AGOURAA HILLS WWARNERARNER CENTCENTERTER VANVVAAN NUYS TOLUCATOLUCAA LAKELAAKE BURBANK 3.3. RESULTSRESULTS As the largest independent, full-service agency in the Santa Clarita Valley, L/B/W delivers results where others deliver only promises. We’ve built a depend- 9 able, decades-long reputation focusing on risk management for both businesses and business owners. LEASED: 111,700111,700 SF LEASED: 7,723 SFSF SOLD: 34,904 SF LEASED: 7,9807,980 SFSF LEASED: 4,969 SF INDUSTRIAL OFFICE MEDICAL OFFICE OFFICEE OFFICE And, yes, we’ll show you how you can relax too. MOORPARKMOORPPAARK ENCINO NORTHRIDGENORTHRIDGE STUDIO CITY C CALABASAS GetGet the results youyou want, whether youyou areare a tenant, a landlord, an owneowner-userr-user or an investor. Call us todatoday.y. (661) 702-6000 28055 Smyth Drive, Valencia CA, 91355

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CorporateCorporate ID #0#011918981191898 ShermanSherman OaOaksks Calabasas VenturaVentura CountyCounty AntelopeAntelope ValleyValley 15250 VenturaVentura Blvd. #100 26050 MureauMureau Rd.,Rd., #101 1000 TownTToown Center Dr., Dr., #1255 38460 5th Street WestWest #G ShermanSherman Oaks,Oaks, CA 91403 Calabasas,Calabasas, CAC 91302 Oxnard,Oxnard, CA 93036 Palmdale,Palmdale, CA 93551 Your Life. Your Business. Your Well-being. 818.986.9800 PhonPhonee 818.223.4388818.223.43388 Phone Phone 805.626.1200 Phone Phone 661.341.3300 Phone Phone Thumbnails | SFVBJ User Guide | Front Page | Table of Contents SAN FERNANDO VALLEY BUSINESS JOURNAL April 11, 2011 19

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Wells Fargo Private Bank provides financial services and products through Wells Fargo Bank, N.A. and its affiliates. Deposit and loan products offered through Wells Fargo Bank. N.A. Member FDIC. Insurance products are available through Insurance subsidiaries of Wells Fargo & Company and underwritten by non-affiliated Insurance Companies. Not available in all states. © 2010 Wells Fargo Bank, N.A. All rights reserved. Thumbnails | SFVBJ User Guide | Front Page | Table of Contents

20 April 11, 2011 SAN FERNANDO VALLEY BUSINESS JOURNAL COMMERCIAL REAL ESTATE BROKERAGE FIRMS THE LIST Ranked by number of brokers in the greater Valley area in 2010 Continued from page 18 Rank Company Brokers Total Value Sales Leases Services Offered Profile Top Local Executive name SFV of Deals in Value of Sales '101/'091 Value of Leases '101/'091 (partial list) SFV/L.A. offices name 2010 address L.A. County # of Sales '10/'09 # of Leases '10/'09 headquarters title (in millions) year founded phone Colliers International 13 $123 $48/$29 $75/$53 leasing, sales tenant/landlord rep. multimodal, 2/6 Martin Pupil 10 16830 Ventura Blvd. Suite J 59 37/12 220/196 land, hospitality, industrial, investment property Seattle, WA Regional Managing Dir. Encino, 91436-1721 acquisition/disposition, property management 1908 (818) 905-5800

Westcord Commercial Real 12 $72 $40/$97 $32/$45 industrial, office, retail leasing and sales, 1/1 Tony Principe 11 Estate Svcs. 12 WND/WND WND/WND landlord and tenant representation, lease Westlake President 951 Westlake Blvd. #101 administration, and property management Village (805) 497-4557 Westlake Village, 91361 1969 Hendricks & Partners 7 $175 $175/$122 $0/$0 apartment brokerage and advisory services 2/4 Dean Zander 12 10880 Wilshire Blvd. #2080 22 36/22 0/0 Phoenix Senior Partner Los Angeles, 90024 1995 (310) 470-6142

Coldwell Banker Commercial 6 $102 $72/$37 $30/$43 acquisition/disposition services, brokerage and 1/1 Greg K Barsamian 13 North County 19 36/16 106/116 transaction management, investment and Glendale Executive VP 801 North Brand Blvd. #180 market research analysis, property 2006 (818) 334-1900 Glendale, 91203 development, relocation and valuation services Centers Business Management 6 $56 $10/$9 $46/$44 retail shopping center management, leasing 1/2 Dave O'Connell 14 17030 Ventura Blvd. #200 18 5/3 243/229 and maintenance Los Angeles Dir. Valley Division Encino, 91316 1987 (818) 380-9966

Jones Lang LaSalle 5 $257 $6/$6 $252/$138 tenant representation, leasing, capital markets, 1/5 Jan Pope 15 515 South Flower St. #1300 62 2/3 108/84 property management, project management, Chicago, IL So. Cal. Market Dir. Los Angeles, 90071 energy and sustainability services 1783 (213) 239-6000

Charles Dunn Company, Inc. 5 $37 $3/$20 $34/$20 property and asset management, agency 2/5 Patrick J. Conn 16 12925 Riverside Dr. #201 48 4/13 177/70 leasing, tenant representation, investment, Los Angeles President Sherman Oaks, 91423 receiverships, constuction management 1921 (818) 358-1800

Cresa Partners 4 $89 $5/$0 $85/$80 tenant representation, disposition, project 2/2 Rick Pearson 17 20950 Warner Center Ln. 28 2/0 73/57 management services Brentwood Principal Woodland Hills, 91367 1983 (818) 223-0072

na: Not Available. WND: Would Not Disclose. Grubb & Ellis Company declined to participate in To the best of our knowledge, this information is accurate as of press time. While every effort is this year's List. Companies were asked to compute transaction value based on sales and leases made to ensure the accuracy and thoroughness of the list, omissions and typographical errors of office, industrial, multi-family, retail and land deals completed in 2010 for ONLY properties with sometimes occur. Please send corrections or additions on company letterhead to the Research physical addresses located in the cities below. In addition, they were asked to include only sales Department, San Fernando Valley Business Journal, 21600 Oxnard St., Suite 250, Woodland and leasing transactions, not debt/financing transactions nor any other revenue generated from Hills 91367. ©2011 San Fernando Valley Business Journal. This list may not be reprinted in other real estate services provided by the firm. Cities: Agoura Hills, Arleta, Bell Canyon, Burbank, whole or in part without prior written permission from the editor. Reprints are available from Calabasas, Camarillo, Canoga Park, Canyon Country, Castaic, Chatsworth, Conejo Valley, Wright's Reprints, (877) 652-5295 ext. 104 or e-mail [email protected]. Encino, Glendale, Granada Hills, Hidden Hills, Lakeview Terrace, Lancaster, Mission Hills, Newbury Park, Newhall, North Hills, North Hollywood, Northridge, Pacoima, Palmdale, Panorama Researched by Josh Dausch

City, Porter Ranch, Studio City, Sun Valley, Sunland, Sylmar, Tarzana, Thousand Oaks, Toluca 1 Lake, Tujunga, Valencia, Valley Village, Van Nuys, West Hills, Westlake Village, Winnetka, in millions Woodland Hills. 2 Do not do leasing management. Thumbnails | SFVBJ User Guide | Front Page | Table of Contents

SAN FERNANDO VALLEY BUSINESS JOURNAL April 11, 2011 21 Natural Balance Adds 10 Jobs In Move to Larger Site

INDUSTRIAL: Transaction is The seller was from abroad. no’s Pizza, Louisiana Fried Chicken, which Road Realty LLC. Mike Tingus and Paul The building, which was built in 1990, has have offices above. Capra, also with Lee & Associates, represent- one of several large deals by two two-bedroom/two bathroom loft units, one Ash Joshi represented the property owner, ed the seller, First California Bank. Colliers in recent months. one-bedroom/one bath loft unit, three two- ALITA Property LLC, in a three-year lease In Van Nuys, Lee & Associates completed bedroom/two bath units and a one- and has also represented the same owner a $3.1 million sale of a property, located at By ANNMARIE J. BARANIK bedroom/one bathroom unit. before on a Van 5651 Sepulveda Blvd. Contributing Reporter Nuys commercial Randy Kobata and Jack Schlaifer, of the Mixed-Use Filled REAL property and an Lee & Associates brokerage, transacted the atural Balance Pet Foods Inc.’s In Encino, Capital Realty Solutions ESTATE apartment building sale of the 47,846-square foot property to three-year lease for a 113,500-square- completed a lease-up of a 10,140-square-foot in Canoga Park. Osteon Enterprises LLC, an orthopedic prac- Nfoot industrial building in Pacoima is mixed-used commercial development in Van tice from Encino that specializes in spinal one of several large deals negotiated by Nuys. Valencia Sale injuries and has a surgery center in the office. Colliers International in recent months. An immigration and tax preparation firm Lee & Associates sold a recently con- “We are seeing more of these kinds of The pet food developer decided to move its owned by Frances Rocha has now filled the structed 30,000-square-foot shopping center at transactions in today’s market – transactions distribution center to a larger industrial building final 1,000 square feet of vacant space in the 28656 The Old Road in Valencia. that the buyer can relocate to a larger building in Pacoima, adding 10 jobs, according to Rick mixed-use building, which is located at 6815 Larry Twomey, of Lee & Associates-LA and generate some income by renting a por- Rockhill, the company’s marketing executive. Sepulveda Blvd. Other tenants include Domi- North/Ventura, represented the buyer, Old tion to other tenants,” Schlaifer said. The property’s lease was valued at about $1.7 million. The company moved to the new site at 12224 Montague St. from another location in Pacoima, where it has been since 1989. 2011 Special Event “We just needed more space and should be ANNIVERSARY 1996-2011 moved by June 1,” Rockhill said. The landlord, private investor Michael PLATINUM SPONSORS 4TH ANNUAL Lichstein, was represented by David Hoff- berg and Jerry Scullin of Delphi Business Properties. The tenant was represented by CFO AWARDS John DeGrinis, senior executive vice president based at Colliers International’s Encino office; Patrick DuRoss, associate vice presi- Join us on May 11th as we recognize the important work of dent; and Jeff Abraham, senior associate. CFOs as financial stewards in the public and private sectors. “The (fourth) quarter of 2010 and the beginning of 2011 witnessed some larger GOLD SPONSORS 2011 NOMINEES* transactions in our region,” DeGrinis said. He added that the Natural Balance Pet Philip Abraham, LA Hydro-Jet & Rooter Svc Sally Knutson, Cast & Crew Foods deal was one of five larger transactions Mike Alfred, PTI Technologies Janet Koller, Chaminade College Preparatory – those of 80,000 square feet or more – just John Anderson, Jacoby Limosine Service Lynn Kornmann, Dilbeck Realtors completed in the last four months. Sandee Andrews, Andrews Powder Coating Bernie LaFianza, Penny Lane “Despite a smaller inventory of available William Barritt, Aerospace Dynamics International Ross Landsbaum, ReachLocal larger buildings, we are still seeing ongoing Arlene Barry, Reliable Resources, Inc. Gary Larsen, Power-One Inc. erosion in lease rates,” he continued. “Rents for Melissa Berninger, Allied International Charlene Lee, CHUBB, a UTC Business Unit all five of those transactions are in the $0.40s Charles Best, Interlink Electronics Inc Carl McCraven, Hillview Mental Health Center per square foot range, which evidences the Fred Boyer, DataDirect Networks Elizabeth McGraw, McGraw & Yokas LLC Michael Brady, Crane Aerospace continuing slide we have seen in average rental John McGreevy, Key Information Systems, Inc. Jim Brill, On Assignment, Inc. Edward McMullin, New Life Management & rates over the past few years. We expect that as Coralie Calvet Lewis, The Coffee Bean & Tea Leaf supply and demand forces get closer to equilib- Development Vicky Castillo, Villa Esperanza Services Selam Meharena, Project GRAD Los Angeles rium, we will see some firming in rates.” , Northeast Valley Health Corp. Debra Charney Keith Mitchell, Dole Fresh Fuit, N.A Helen Chien, Prestige Medical Phil Motherspaw, Valley Village Brett Chloupek, Source Photonics Apartment Sale Frank Mullens, Marketing Innovations Intl Inc Steve Chopp, Pharmavite Marcus & Millichap Real Estate Invest- Kevin Murray, Peak Performance Steven Coker, Manchester Financial ment Services has recently sold a seven-unit Lori Nichols, Wexler Video Russell Dean, KSL Media apartment building in Sherman Oaks to an Sara OConlon, Child Development Resources of Marielle DeFazio, PathPoint Ventura County Inc unnamed investor. George Delyannis, Pacific Federal The property at 13951 Milbank St. sold for Tamra Ekno, Jacoby Limosine Service Christopher Plueger, Petrelli Electric Inc just under $1.5 million. Tony Azzi, the senior Karen Fink, Mt Sinai Memorial Park & Mort Tanya Pontep, Phillips Graduate Institute vice president of investments for Marcus & David Franco, Princess Cruises Stephen Potter, Automoco Corporation Millichap’s West Los Angeles office, repre- Edward Frank, TWC Aviation Valerie Pryor, Castaic Lake Water Agency sented the unnamed seller and buyer. SILVER SPONSOR Scott Gillis, AIG Retirement Services Inc Gary Puterman, National Positions “At the time of the sale, there was one Keith Granirer, Contempory Service Corp Geetha Ramadas, Kennington Ltd., Inc. apartment vacant and it became a deal breaker First Private Bank & Trust Frank Guarrera, Motion Picture & Television Clare Resnick, Warner Pacific Insurance for the buyer,” said George Azzi, a Marcus & Greg Hann, Wesco Aircraft Peter Rivera, Shamrock Capital Advisors David Salgado, Prospect Mortgage LLC Millichap associate. “Even though we normal- Christa Harris, Lavi Industries BRONZE SPONSORS Karen Hermanson, John Paul Mitchell Systems William Schaffer, Cal Arts ly don’t do rentals, we had to satisfy the buyer, Alan Hill, Jones Trading Devra Shapiro, IPC The Hospitalist Company who is from Los Angeles, and find a renter.” Community Bank Lynne Hiortdahl, Neighborhood Legal Services Deborah Shapiro, Perfecto Staffing Company of LA County Keith Smith, Interamerican Motor Corporation Kirsch Kohn & Bridge Ronald Hock, Maly's George Stroesenreuther, Senior Systems Sue Holl, Newhall Land & Farming Co James Sweeney, Sun Valley Paper Stock Inc Wells Fargo Gwei-Jin Hong, Chemsil Silicones Inc Mark Szczepaniak, Prospect Mortgage New Suitor for AML Rachel Howitt, NAI Capital Diane Thorsell, New Horizons Wednesday, May 11, 2011 Dennis Jacobs, Hawker Pacific Aerospace Elizabeth (Lisa) Turchan, The Buckley School FINANCE: Merger challenged Thomas Jacobsmeyer, Los Angeles Valley College George Vaughan, Entertainment Partners 11:30 AM - 1:30 PM A merger with a New York microassemblies Brent Jones, Doremi Labs, Inc. Karen Velligan, Avjet Corporation Ken Jones, Woodbury University Marsha Wasser, M Fredric & Co company fell apart for AML Communications James Keegan, One Lambda Inc when another firm made a better offer. Russ Whittenburg, Forest Lawn Memorial- Warner Center Marriott Hotel Pamela Kessler, LTC Properties, Inc. Parks & Mortuaries Microsemi Corp made a binding offer to Tsolak Khatcherian, Karoun Dairies, Inc. 21850 Oxnard Street Daniel Yukelson, Premiere Radio Networks Inc purchase all AML shares at 2.50, a higher Paul Khoury, CharterWorks Dan Zeddy, Anthony International , MRV Communications amount than that to be paid by Anaren Inc., Woodland Hills, CA 91367 Chris King Jose Zepeda, El Aviso Magazine which offered $2.15 per share. Glenda Klein, CA Lending, dba First Rate Financial Group (* As of April 7, 2011) Anaren has until April 11 to make a counter- $100 offer to acquire the Camarillo-based manufac- per ticket/reservations turer of subassemblies and microwave ampli- required by May 4th fiers for the defense and aerospace market. For sponsorship and registration information, visit www.sfvbj.com and Microsemi makes semiconductors and high- Reserved tables of 10 click the “events” tab, or contact us at 818.676.1750 performance analog and mixed signal products. Only Anaren can break the merger agree- are available through the SAN FERNANDO VALLEY BUSINESS JOURNAL ment and if it chooses to do so will receive an purchase of an $800,000 fee from AML. advertising package 21600 Oxnard St. Ste 250 • Woodland Hills, CA 91367 • 818.676.1750 • www.sfvbj.com --Mark R. Madler Thumbnails | SFVBJ User Guide | Front Page | Table of Contents

22 April 11, 2011 SAN FERNANDO VALLEY BUSINESS JOURNAL Owners, Brokers Being Creative in Complicated Market “When tenants have one year left on their that or all of a sudden you are in a situation senior vice president in the Universal City LEASING: Parties becoming lease, they are signing a five-year lease at a where the cash flow on the building is out of office of CB Richard Ellis. more flexible in current climate. lower rate and reducing their space.” whack and you can’t afford the mortgage pay- “Down time and tenant improvements are Depending on the amount of space the ten- ment.” real cash flow factors,” Solomon said. “Land- By KEELEY WEBSTER ant wanted to give back on renewal or where it The concessions and tenant improvements lords have to consider if they lose a tenant just Contributing Reporter was located, landlords have had to make some that landlords are offering vary widely. how long it will take to fill the space.” tough decisions. In some cases, Tingus said, tenants are The impact of the economic crash and the In some cases, it was easier to move the receiving no free rent, in others they are Larger concessions slow march toward recovery have forced bro- tenant to a different space in the building, receiving 10 months free rent on a 10-year That concern is resulting in landlords mak- kers and office building owners to be flexible rather than divide a space, which can bring lease. The tenant improvement allowances ing larger concessions, which may include free and creative in negotiating deals with tenants. additional costs, Tingus said. Smaller office landlords are offering for tenants to adapt their parking or converting unused tenant improve- Brokers are reporting increased leasing building owners have given up tenants rather interior office space can range from $5 per ment allowances to free rent or an offer to activity in the office market, but often it is than reduce rates to a level that would not sup- square foot to as much as $80 per square foot, freshen up the space, he said. from tenants hoping to renew early so they can port the mortgage on the building, he said. he said. “In difficult times, you see blend and extend decrease the amount of space they are leasing “Some landlords can afford to reduce rates Most office building owners are focused on where the landlord recasts or reduces the cur- and negotiate lower lease rates. and some can’t,” Tingus said. “The mom and tenant retention, because they don’t know how rent lease to keep the tenant,” Solomon said. “You have a lot of people doing a blend pops can’t. If you have a 20,000-square-foot long it might take to replace the tenant and Early lease renewals can be a money-losing and extend,” said Mike Tingus, president of office building that you are getting $10,000 a new tenants usually result in higher tenant proposition for landlords, Solomon said, Lee & Associates-LA North/Ventura Inc. month for, you can’t afford to lose $5,000 of improvement costs, said David Solomon,a becauseconcessionssuchasfreerentortenant improvements are usually frontloaded in lease agreements. Typically, five months free rent would come at the beginning of a lease, so the tenant is paying a higher rent toward the end because the concessions have burned off, he said. The lease might appear to be over market to the tenant just because the concessions have burned off, he said. Another economic sign of the times, is that Connecting Businesses to both the landlords and the tenants are doing greater due diligence before a lease signing, Solomon said. The landlord wants to insure the Resources and Leadership of the tenant can fulfill the lease terms and the tenants are asking for non-disturbance agreements, so that if the landlord sells the building, the lease agreement will still be honored and the San Fernando Valley the tenant will not be evicted. Considering the general state of the economy, Solomon said he is not surprised when the It All Starts Here! owner of an accounting firm renews, but gives back 1,000 square feet. Founded in 1994 as the San Fernando Valley’s premier economic development organization, “The general consensus is that it feels like The Valley Economic Alliance is your connection to business opportunities and solutions daily. the bottom of the office market,” Solomon said. We harness and coordinate the power of key business organizations, civic and community leaders, Longer lease terms educational institutions and information resources to help you thrive in today’s economy. A change that is indicative of the market hitting the bottom is that tenants have begun to try and negotiate for longer lease terms – and Save the Date that wasn’t the case a year ago when tenants wanted shorter lease terms and landlords were pushing for longer terms. The Village at Westfield Topanga Mall Presentation The situation has flipped with tenants real- Tuesday, April 12, 2011, 9 to 11 a.m. izing lease rates might not get lower and landlords not wanting to lock in the low lease rates • A briefing on the economic and community impacts of a new 1 million square-foot, for the long term. mixed-use project located in the heart of Warner Center Tom Dwyer, a senior vice president in the Camarillo office of CB Richard Ellis, said he • Development includes a blend of nearly 100 specialty shops and restaurants, has seen an increase in activity. multi-story office complex and community/cultural center “In the Conejo Valley, we are tracking 56 companies actively looking for office space above 5,000 square feet,” Dwyer said. “Some The Valley Economic Alliance Cinco de Mayo Open House of them are looking to leave the city of Los Thursday, May 5, 2011, 5 to 7 p.m. Angeles to be relieved of the gross receipts tax.” • Learn about our customized benefits, value proposition and success stories in a To Richard Pearson, a principal in the festive setting, plus enjoy authentic food and beverages Woodland Hills office of tenant brokerage CresaPartners, the office market appears to • Take the “Cinco de Mayo” challenge by inviting five of your colleagues to attend. be “fairly stagnant.” All guests who RSVP will be entered into a prize drawing and must be present to win! “We represent tenants and the ability to negotiate long term leases has been and is The Valley Economic Alliance Building there,” Pearson said. “We have landlords who are eager to attract tenants to their buildings.” BFG Board Room, 5121 Van Nuys Blvd, 2nd Floor, Sherman Oaks, CA 91403 Pearson referred to the talk of increased activity as phantom activity. “Every time a tenant has a lease expiration RSVP [email protected] or 818 379 7000 x100 coming up they look at other space even though they are just looking to renew,” Pear- son said. “Sometimes when this happens, land- Call or Click to Connect! lords think there is lots of activity.” The mission of The Valley Economic Alliance is is to strengthen the economy and improve the quality While his clients see this as an opportune of life in the Valley’s five-city region: Burbank, Calabasas, Glendale, Los Angeles and San Fernando. time to strike a deal, Pearson said he advises caution because he doesn’t anticipate lease Contact us for free professional business assistance, workforce training, networking opportunities rates increasing over the next year. and information resources. “If the business is stable, it’s a no brainer to lock in a long-term lease, but if the business is www.TheValley.net or 818 379 7000 growing or shrinking, then they shouldn’t do it,” Pearson said. “You do not want to be stuck with too little or too much space.” Thumbnails | SFVBJ User Guide | Front Page | Table of Contents

AN ADVERTISING SUPPLEMENT TO THE SAN FERNANDO VALLEY BUSINESS JOURNAL April 11, 2011 23 Banking & Second Quarter Finance

When it Comes to Borrowing, When it Comes to Borrowing, Patience is a Virtue Page 23 Serving as Financial Caregiver Patience is a Virtue When Dementia Affects a Loved One Page 24 By Marnie Nemcoff you must receive and understand your Truth in Lending Statement and your Good Faith Estimate (GFE) before hese days, perhaps more than ever, having the appraisal takes place at your expense. Use The Tax Relief Act to Save on patience is most definitely a virtue. And from The new GFEs have become incredibly confusing. If Twhere I’m standing, nowhere is patience needed you’re purchasing a home for example, some seller’s Your Equipment Loan Page 25 more than when you apply for a mortgage loan. costs will be included (which as the buyer you’re not Whether you’re looking to purchase a home or refi- responsible for). This makes your closing costs look nance your home, being a borrower in today’s market higher than they actually are. They are also confusing as Should You Try an may make even the most tolerant among us lose our they do not include your monthly property taxes, insur- SBA Loan? Page 26 cool. ance or any HOA fees. You need to make sure you But that doesn’t mean you should shy away from pur- understand your GFE before signing. Obviously, signing chasing or refinancing. Interest rates are still historically immediately for your receipt of these becomes problem- low and home prices are more or less stable. Instead, atic if you need time to sit down with your mortgage A Loan Program to Ease Small what it means is that you should be prepared for your professional to clarify (which I highly recommend). Business’ Frustrations Page 26 loan approval and funding to take at least a month and The next delay that might occur is with the appraisal you should expect curveballs to be thrown your way itself. It can take days for the appraiser to view the during the process. property. Moreover, unless your agent is there to edu- Pick-up in Private Sector Job The first thing to prepare for is the fact that, online, cate them on comparable sales in the area where you’re Growth Forecasted Page 28 you may see interest rates that are absolutely incredible. buying, the appraisal may come back grossly inaccu- However, what the fine print may or may not explain is rate. It is important to note that your mortgage profes- that those rates apply to 15 day lock-ins for borrowers sional is not permitted to select your appraiser. Apprais- with very high credit scores and a lot of equity. This ers are randomly selected from a panel and, unfortu- ATM Safety Tips Page 28 sounds great at first glance, of course, except for the fact nately, your mortgage professional can’t guarantee that that it is next to impossible to fund a loan in 15 days the appraiser is from your area or even familiar with especially given the changes in the lending industry. your area. Nor can we guarantee that the appraiser Finding the Right Bank The reasons these quick turnaround loans are impos- selected will be the most experienced available. That’s For Your Family Page 29 sible are many. First, new rules mandate that before you why you’ll need to rely on your REALTOR to ensure that can be charged for an appraisal on your home you must acknowledge and sign certain disclosures. This means Please see page 26 Credit Do’s and Don’ts Page 29 Thumbnails | SFVBJ User Guide | Front Page | Table of Contents

24 April 11, 2011 AN ADVERTISING SUPPLEMENT TO THE SAN FERNANDO VALLEY BUSINESS JOURNAL Banking & Finance Serving as Financial Caregiver When Dementia Affects a Loved One By Denise Carriero as personal as managing finances can finances. Make sure you understand your account statements and spending alerts. appear difficult, yet not having conversa- loved one’s preferences by asking “Does Also, find ways to make it easier for your f you’re like millions of Americans, you tions about finances can lead to even more this work for you?” rather than judging pref- loved one, such as consolidating accounts may have an elderly parent or relative difficulty down the road. erences. and setting a time each month to review Iwith Alzheimer’s disease or some form While dementia interferes with a per- bills to be paid. of dementia – a loss of mental function son's daily functioning, in the initial stages Help Organize Financial, Legal Documents that impairs a person’s memory and think- a person with dementia is still capable of When it comes to helping a family Form a Team of Supporters ing skills. This means you may need to making decisions and sharing preferences. member with finances, information is vital. While family and friends can provide make a dizzying array of decisions for a It’s important to determine your loved one’s Offer to spend time reviewing personal primary support, they often don’t have an loved one who’s no longer capable of wishes early on – from long-term care to finances – determine income, savings, objective viewpoint and skills to meet all making them. Among the most challeng- handling day-to-day expenses. By under- assets and insurance – and ensuring legal the needs of a family member with demen- ing is taking care of financial matters. standing the state of their finances today documents are in place, including a power tia. It’s a good idea to have a team of pro- Whether your loved one is here in the and how they would like money to be of attorney, health care directives and a fessionals to consult for help. Work with San Fernando Valley or elsewhere in the managed going forward, you’ll be in a bet- will. your loved one and family members to U.S., you may want to consider finding a ter position to provide more direct help as At that same time, help prepare a sum- identify the resources you collectively financial professional who can introduce needed by your loved one. mary of expenses faced today and going need, such as a care provider, accountant, you to an elder services specialist–aper- A common mistake made by family forward when costs associated with the dis- attorney and financial services provider. son who has been specifically trained to members trying to help a parent with ease increase. Begin to identify what’s While the prospect of caring for a loved provide both financial and life manage- dementia is to ask a barrage of questions to needed to best meet your loved one’s wish- one with dementia can be challenging, tak- ment support to help meet the needs of gather information. When that happens, the es. You may find an insurance policy that ing these steps can help make managing seniors. These specialists can review your parent can become defensive and embar- covers an in-home care provider or long- finances easier, and support you in provid- loved one’s situation in conjunction with rassed about the inability to remember term care needs, which will help avoid ing the care your loved one needs. their other advisors – such as attorneys or facts. overbuying insurance. accountants, and complete a comprehen- Instead, strive to conduct a conversation sive health and wellness assessment and that allows your loved one to feel comfort- Build a System of Advocacy, Safeguards Denise Carriero is develop a customized plan for helping to able and encourages them to point you in As dementia takes hold, the risk of your senior vice president meet the physical, medical, financial, legal the right direction on topics such as where loved one making a mistake, such as forget- and regional trust and psychological needs of customers. accounts are located, what money is avail- ting to pay a bill, increases. Establishing manager for the Wells Those who have been most successful able for expenses, and preferences for processes such as automatic bill payment Fargo Private Bank. supporting loved ones with dementia share future care and estate planning. People can help. Yet more important is a system of A 25-year veteran of a common approach to financial matters. with dementia often have the ability to advocacy – people who can keep an eye the financial services Here are some of the best ideas from those remember information – such as where on financial decisions and gradually industry, she oversees who’ve faced this challenge: money is saved, their insurance coverage, increase the level of support provided as a team of trust and etc. – even when they have less ability to needed. fiduciary specialists, Talk – Early and Often decide on the best actions to take. Look for ways to watch over your loved including elder serv- This could be described as “hugging the Reassure your loved one that you’re one’s financial decisions – such as deter- ices specialists. Contact her directly via elephant in the room.” Coming together as there to help. Everybody has a personal mining if a financial services provider [email protected], or at a family to talk with a parent about a topic preference when it comes to managing enables a third-party to receive copies of (805) 777-8375.

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AN ADVERTISING SUPPLEMENT TO THE SAN FERNANDO VALLEY BUSINESS JOURNAL April 11, 2011 25 Banking & Finance Use The Tax Relief Act to Save on Your Equipment Loan By Rodney Fingleson To qualify for the current Section 179 equipment/furniture. Gumbiner Savett Inc., is an accounting, tax deduction, equipment must be purchased Businesses interested in taking advan- and business advisory firm located in Santa ou might think that buying new or and put into use between January 1, 2011 tage of Section 179 deductions and bonus Monica. For more information, call used equipment for your business and December 31, depreciation on equipment purchases (310) 828-9798 or visit www.gscpa.com. Ywould be out of the question these 2011. Eligible should contact their lenders and tax con- days. However, two Acts that passed in equipment sultants. Mr. Fingleson recently drafted this article 2010 (The Tax Relief, Unemployment includes, but is not for Mission Valley Bank to share via the Insurance Reauthorization and Job Cre- limited to equip- Rodney Fingleson is Chairman of Bank’s Community and Client Financial ation Act of 2010 and The Small Business ment purchased for Gumbiner Savett Inc. He has been in the Education efforts. If you found this article of Jobs Act of 2010) can affect the ability to business use, busi- U.S. accounting industry for almost 30 interest, visit www.missionvalleybank.com, expense equipment and save your business vehicles, com- years where he has assisted private compa- and subscribe to MVB’s eNews to view and ness money. These Acts provide tax puters and "off-the- ny clients with both tax and accounting receive additional, timely and informative incentives that allow businesses to imme- shelf" computer services, management and financial con- financial information right to your inbox. diately write-off much of the cost of fixed software and office sulting, and purchase and sale negotiations. assets instead of having to depreciate them over time. By working with your lender and obtaining an equipment loan using an Equipment Finance Agreement (EFA) and having the option to immediately expense the costs of equipment purchases, a business could pre-fund its loan MANUFACTURERS BANK for several months. Many businesses might be able to deduct the entire purchase price of the equipment. These deductions are in place IS LENDING for the 2010, 2011 and 2012 taxation years, with the greatest tax savings taking place in 2011. These Acts allow for:

Section 179 expensing for qualified real property acquisitions up to $500,000 for tax years beginning in 2010 and 2011. The maximum equipment purchase being $2,000,000. In 2012, up to $125,000 of qualifying assets may be expensed with a $500,000 investment limit. The Acts also extend the treatment of off-the-shelf computer software as qualifying property if C OMMERCIALO M M E R C I A L REALE A L E STATES T A T E placed in service before 2013. In addition, qualified Section 179 property includes up to $250,000 of the cost of qualified lease- hold improvement, restaurant and retail property.

First Year Bonus Depreciation allows a taxpayer to claim 100% first-year bonus depreciation on the cost of qualified property when purchased and placed in service N ATIONALA T I O N A L P REFERREDR E F E R R E D L ENDERE N D E R after September 8, 2010 and before January 1, 2012. 50% first year bonus depreciation may be taken for assets acquired and placed in service during 2010, prior to September 9, 2010. Bonus depreciation may be taken LetLet us help y youou growgrow yyourour bbusiness.usiness. as additional depreciation on qualified property (new equipment) after having expensed ApplyAppply today.today. immediately part of its cost. Below is an example of the purchase of a $550,000 piece of equipment using section the179 deduction and bonus depreciation: CARMEN WEIMEREIMMER DAVIDAAVVID ORR 2011 eligible new equipment purchase: $550,000 ViceVViice President Presiident Senior VViceViice President Presidennt • First year write-off using Area MaManagernager Regional ManageManagerr Section 179 = $500,000 • First year bonus (818)(818) 227227-45357--4535 (818)(818) 3380-090980-0909 depreciation = $50,000 • Total first year deduction = $550,000 WarnerWWaarner Center OfficeOOffice Encino Office Office • Tax Savings at 2215501550 Oxnard St.St.,, SuitSuitee 250 1162556255 VVenturaentura BoulevBoulevardard 30% tax rate = $165,000 WWoWoodlandoodland Hills, CA 9913671367 EEncino,ncino, CA 9914361436 Working with your bank to finance your equipment at a purchase price of $550,000: Additional Offices ToTo Serve Serve Your YYoour Business NeedsNeedds • $550,000 with a BeverlyBeverlyHi Hillslls • LittleLittle TTokyoTookyo • OntarioOntario • TorranceTToorrance • City ofof IndustryIndustry • DoDowntownwntownnLA LA • Newport BeachBeach • SSanan J Joseose 5 year loan at 8% = $669,121 total principal plus interest • Monthly loan payments = $11,152 • Section 179 deduction and MANUFACTURERSMANUUFFAACTURERSB BANKANKK bonus depreciation of $165,000 A SUBSIDIARYSUBSIDIARRYYO OF SUMITOMO SUMITOMO MITSUI MITSUI BBANKINGANKING CORPORACORPORATIONATTION = approximate prefunding of loan for 15 months Equal Opportunity LenderLender www.manufacturers-ca.comwww.maanufacturers-ca.com Memberr FDICFDIC Thumbnails | SFVBJ User Guide | Front Page | Table of Contents

26 April 11, 2011 AN ADVERTISING SUPPLEMENT TO THE SAN FERNANDO VALLEY BUSINESS JOURNAL Banking & Finance Should You Try an SBA Loan? By David Orr 40% is provided via a government backed receivable are considered types of collater- While SBA loans are typically used for bond issue. al. expansion and acquisition, under certain BA Loans offer flexible terms and Many businesses are eligible for SBA Once you have decided to apply for an circumstances, they can be used to refi- competitive rates – plus, because financing if they meet the right criteria. SBA loan, you will need to collect the nance existing debt. Notably, and in recog- Sthey are partially guaranteed by the Businesses must be established and based appropriate documents for your application nition of looming issues in the commercial U.S. Small Business Administration, loan in the United States; a corporation, limited (bank statements, property deeds, financial real estate refinance market, Congress terms can frequently be extended longer liability corporation, partnership, or sole statements, tax returns, etc.). When your recently expanded the scope of the SBA than with conventional commercial proprietorship that operates for profit. documents are in order, you should 504 program to allow the product to be financing. This makes it easier for your Owners must be actively involved in the approach banks and other lenders that offer used for owner occupied commercial real business to qualify. business operations and occupy 51% or SBA loans. Manufacturers Bank is a Pre- estate refinance. In February, SBA imple- SBA Loans come in several programs, more of existing commercial property ferred National Lender. Many financial mented a temporary refinancing program but the two most common programs are: when financing real estate or occupy 67% institutions have dedicated departments enacted under the Small Business Jobs Act 1. SBA 7(a) program provides financing or more of completed property when and personnel ready to assist you with the of 2010. This program was further to businesses for: Business expansion or financing construction SBA lending process. Not all lenders are enhanced in March to allow small busi- acquisition; The purchase of major business Applying for any loan can be intimidat- the same. Going into a loan process with nesses facing maturing commercial real assets including machinery with up to ing but it helps when you know the all of the proper and up-to-date information estate mortgages or balloon payments, to 100% financing and owner occupied real process. The following are some of what at hand not only speeds what can be a refinance with an SBA 504 loan. The SBA estate with up to 90% financing; Long term you need to know and do to begin the lengthy process, but also gives the loan offi- 504 refinance program allows more small working capital. Loan amounts go as high process. It’s also helpful to know what fac- cer a positive initial view of the client. businesses to secure stable, long-term as $5 Million. Repayment terms are up to tors influence the decision of a lender Come in prepared so that you can explain financing and avoid potential foreclosure 10 years for working capital, 15 years for when your application is reviewed. So how where you've been and where you want to on mortgages approved before and during machinery and equipment, and 25 years do lending institutions assess your applica- go. Put a package together that includes the recession that were based on inflated for real estate. SBA 7(a) loans are fully tion? The answer generally depends on the three years of business tax returns, three real estate values. funded by the lender, but supported by a type of funding you are seeking and what years of personal tax returns on all owners The Small Business Administration web- government guaranty from the SBA of up to assets you can provide for collateral. Busi- of a business, a current balance sheet and site is very robust and provides potential 90% of the loan amount. ness loan applicants must have a reason- an income statement that is no older than borrowers with a wealth of information at 2. SBA 504 program provides financing able amount invested in their business. This 90 days. Also include your current receiv- www.SBA.gov. for the purchase of major business assets, ensures that, when combined with bor- ables and payable aging and one or two usually owner occupied commercial real rowed funds, the business can operate on a pages explaining the reason you need to David Orr is estate or machinery and equipment. Loan sound basis. Working Capital and Collater- borrow the money, what sales look like Senior Vice President amounts generally go up to $5.5 Million. al are two important factors in evaluating going forward and how the money will be & Regional Manager Repayment terms are up to 25 years for real an application. Working Capital is defined paid back. For a commercial real estate of Manufacturers estate and 15 years for machinery and as the difference between current assets purchase, provide property information Bank. For more equipment. Down payments are as low as and current liabilities. Collateral is an such as a purchase contract or escrow information, 10%. SBA 504 loans come in two por- additional form of security which can be agreement and a tax bill. contact him at tions: Your lender provides a standard loan used to assure a lender that you have a sec- Small Business Administration Lending (818) 380-0909 or for typically 50% of the purchase price or ond source of loan repayment. Assets such guideline are enhanced and changed fre- dorr@manubank. appraised value; A second loan of up to as equipment, buildings, and accounts quently to reflect current economic needs. com. A Loan Program to Ease Small Business’ Frustrations By Tim Weaver and debt service coverage than a conven- alternatives to traditional ‘factoring’ which usually double the tional bank program. It provides financing can be much costlier. As with most SBA interest rate or more. any small companies suffer from for cyclical growth, recurring and/or short- loans there are some associated fees as the same critical problem: a lack term needs. Repayment comes from con- well as marginally increased interest rates Tim Weaver is Mof adequate, ongoing working verting short-term assets into cash, which to obtain this line of credit; the fees and with Celtic Bank. capital. The usual cause: cash flow gaps is used to pay back the lender. Your busi- interest are used to help offset the risks For more information, that occur between the time of the sale of ness can continually draw from this line of associated with irregular borrowers. Taking please contact a product or rendering of a service and credit, (based on existing assets), and repay this into account, a CAPLine or Export Line him directly at customer payment. as the cash cycle dictates. Typical indus- will usually remain the least expensive (818) 483-5630. Unfortunately, many of these small busi- tries Asset Based loans work best for are: option over a typical factoring line which is nesses suffer the frustration of being denied Apparel, Consumer Electronics, Food a business loan or line of credit from a tra- Products (excluding produce), Staffing, IT ditional bank. The reason for these rejec- Consulting, Janitorial services, tions is that most conventional banks Trucking/Transportation, other service ori- underwrite the requests guided by histori- ented companies, as well as manufacturers Borrowing, Patience Is a Virtue cal cash flow and balance sheet strength. or warehousers of most products sold to If the business doesn’t qualify, it is forced to distributors and/or retailers. Continued from page 23 Don’t get me wrong, it’s a great time to seek financing from a non-conventional Export Working Capital Program: This buy a home or refinance, just do yourself a source, usually a high-priced factoring program while slightly different than the your appointed appraiser is professionally big favor and prepare for the process to company. SBA CAPLine program, is essentially used educated about home prices and sales in take a minimum of 30 days. Prepare your The United States Small Business for the same function but involves foreign your area as an inaccurate appraisal will documents before applying for a loan. And Administration (SBA) has a loan program to transactions. There are few companies that certainly present another delay. remember, your mortgage professional help with this frustration: SBA CAPLine. fit into this program but it can provide tem- Next, you need to be prepared that the wants to close your loan for you as quickly This program is relatively unknown as few porary working capital for businesses that lender will request copies of almost every- and seamlessly as you, so we’ll do every- lenders choose to participate because of export goods and services. The line may be thing except your first-born. Your income thing in our power to move the process the high risk associated with the product if used for daily operating expenses such as tax returns, pay stubs, investment account along, as expediently as is reasonably pos- not properly managed. In 2007, Celtic paying suppliers, inventory or production statements, bank statements and proof of sible. Happy house hunting! Bank chose to offer the SBA CAPLine to of export goods for transactions related to any other income you have will be their borrowers. At Celtic Bank the most exporting purposes. Good candidates for required. My advice to prevent delays dur- Marnie Nemcoff is the Vice President of popular CAPLine program is the Standard an Export Working Capital Line are high ing this stage is to have copies of everything Marketing for Matadors Community Credit Asset-Based Line. volume international exporters. In order to ready before you apply for your loan. Union (MCCU), a full-service, not for profit Standard Asset-Based Line: This pro- qualify for the Export Working Capital Finally, whatever you do, don’t make a financial institution serving the San Fernan- gram provides a line of credit based on the program, the business must have credit big purchase on credit anywhere near the do Valley since 1963. MCCU has been assets of the business and is specifically insurance that covers foreign accounts time that you’re applying for a mortgage named Best Bank/Credit Union three years designed for businesses unable to meet receivables. loan. The lender will run your credit right in a row by the L.A. Daily News. They have credit standards associated with long-term CAPLines in general use a formula of before the close of escrow and a debt branches in Northridge and Chatsworth. financing. Inventory and/or non-fixed eligible accounts receivable and inventory appearing during the escrow period may For more information, please contact assets may be taken as collateral and the to calculate the appropriate lending lower your score or cause your overall debt MCCU at (818) 993-6328 or go online to underwriting for this product is much more amount. The CAPLine program or the to increase which, in turn, can throw off www.matadors.org. flexible in regards to historical cash flow Export Working Capital program are great the approval. Thumbnails | SFVBJ User Guide | Front Page | Table of Contents AN ADVERTISING SUPPLEMENT TO THE SAN FERNANDO VALLEY BUSINESS JOURNAL April 11, 2011 27

LOCAL EXPERTISE. GLOBAL STRENGTH. You are the CEO of a growing toy company with an opportunity to go global by acquiring a major

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To learn more, visit chase.com/commercial.

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28 April 11, 2011 AN ADVERTISING SUPPLEMENT TO THE SAN FERNANDO VALLEY BUSINESS JOURNAL Banking & Finance Pick-up in Private Sector Job Growth Forecasted 2011. While total job creation was disap- end. "There are still too many people unem- consumers will expand by 2.7 percent and he country's economic health is pointing in 2010, the economy did experi- ployed and even growth in real GDP of 3.3 loans to businesses will grow by 4.3 per- steadily improving and on a path to ence 12 straight months of private-sector job percent will take only a moderate bite out cent. "Bank lending is growing and will Tsustained economic expansion in growth. The EAC foresees another 2.1 million of the unemployment rate. Even stronger help finance the economic expansion," said 2011, according to the Economic Adviso- new jobs in 2011, well beyond the 1.1 mil- private-sector employment growth is need- Hoffman. ry Committee of the American Bankers lion new jobs the economy added in 2010. ed if we are to achieve a self-sustaining eco- The committee's consensus is that con- Association. Consumer and business spending will nomic expansion," said Hoffman. sumer price inflation will remain tame this "The economy is transitioning from pick up along with job growth, the EAC The committee believes the downside year, in the 1.0-1.5 percent range. The reliance on monetary and fiscal stimulus to said. Strong exports and capital expendi- risks and upside potential are balanced. group does not expect the Fed to raise its a sustained expansion in the private sector. tures will also continue to fuel the expan- Downside risks to the forecast include federal funds rate this year. The bank econ- Businesses and consumers are feeling more sion, even as weak housing and state and much higher oil prices, state and local gov- omists expect the Fed to complete its $600 confident about the economy, and job local government financial difficulties ernment financial woes and sovereign debt billion in "quantitative easing" in the first growth will accelerate as layoffs diminish restrain the pace of expansion. With con- problems in parts of Europe. Wealth gains half of this year, and not initiate another and small business hiring picks up," said sumer spending strengthening, along with from a rising stock market, stronger global round of Treasury security purchases. Stuart G. Hoffman, acting committee chair- strong business capital equipment spend- growth fueling exports, and vastly "Low inflation rates have given the Fed man and chief economist of PNC Financial ing, the EAC expects real GDP to grow by improved corporate balance sheets are pos- the necessary flexibility to implement this Services Group Inc. 3.3 percent in 2011. itive factors that could stimulate economic stimulus and thereby support faster econom- Private sector job growth will improve Job growth will push the unemployment growth faster than the committee's forecast. ic and job growth this year," said Hoffman. this year and accelerate toward the end of rate down close to nine percent by year The EAC predicts that in 2011, loans to The EAC consensus is that while short- term interest rates will remain virtually unchanged, the 10-year Treasury note rate is expected to rise slightly from 3.3 percent to 3.7 percent by year end. The 30 year fixed mortgage rate is expected to rise from 4.8 percent to 5.3 percent by year end.

Information for this article was provided by the American Bankers Association. The ABA represents banks of all sizes and char- ters and is the voice for the nation's $13 tril- lion banking industry and its two million employees. Learn more at aba.com. ATM Safety he automated teller machine (ATM) revolution has made banking more VICA is pleased to announce the newest inductees Tconvenient today than ever before. With the touch of a few buttons, you can withdraw cash, make deposits and trans- into the fer funds virtually anywhere an ATM is San Fernando Valley Business Hall of Fame located. The Bank's Role presented by Wells Fargo and Thomas Properties Group To ensure customer safety at ATMs, banks are putting ATMs in areas that are visible by passers-by, trimming landscape Join VICA as we honor these community leaders! to prevent potential criminals from hiding, and installing or upgrading lighting that is bright enough for use at night. Some banks also have installed cameras, rear-view mirrors, panic buttons and special signs. And most banks limit the amount of cash that can be withdrawn on a daily basis. The Customer's Role Bank customers should always use common sense when using an ATM. These tips are a start, but the best advice is simply not to use an ATM if you feel at all uncom- fortable doing so. ATMs provide convenience, buy they haven't replaced the bank teller. If you prefer, conduct your business in the bank lobby. Exercise care when using an ATM, and follow these general rules: Protecting Your ATM Card • Always protect your ATM card and keep it in a safe place, just like you would Thursday, June 9 cash, credit cards or checks. 6-9:30 p.m. • Do not leave your ATM card lying around the house or on your desk at work. Sheraton Universal Hotel No one should have access to the card but you. Immediately notify your bank if it is 333 Universal Hollywood Dr. lost or stolen. • Keep your Personal Identification Universal City Number (PIN) a secret. Never write it down anywhere, especially on your ATM card. • Never give any information about your ATM card or PIN over the telephone. For example, if you receive a call, suppos- Call 818.817.0545 or visit www.vica.com for more information edly from your bank or possibly the police, Sponsorships available! wanting to verify your PIN, do not give that information. Notify the police immediately.

Information was provided by the ABA Education Foundation. Thumbnails | SFVBJ User Guide | Front Page | Table of Contents

AN ADVERTISING SUPPLEMENT TO THE SAN FERNANDO VALLEY BUSINESS JOURNAL April 11, 2011 29 Banking & Finance Finding The Right Bank For Your Family inding the right personal bank means ing this question will help you determine if assessing your needs first. Whether you'd be happier at a bank with an exten- Fyou're looking for a new bank or just sive branch network emphasizing regular, want to evaluate how well your current evening, or weekend hours, or one that banking relationship is meeting your focuses more on electronic services like needs, answering the following questions ATMs and PC banking. can help you identify your "banking per- Now that you have the answers to these sonality" and perhaps make your shopping questions, call or visit several banks near a bit less of a chore. your home or office — more and more 1. What is your goal in establishing a banks even offer information over the Inter- banking relationship? Answers may include net. Shop your current bank first if you "to save money," "to have a checking think your relationship isn't all it could be. account," "to get a loan," or all of the above. Perhaps they have introduced new 2. How much money can you keep on accounts or services you aren't even aware deposit each month and how many checks of that would better suit your needs. Let will you write? This will help you figure out them know if the level of service or conven- how complex or simple an account you ience don't meet your expectations and might need. "Packaged" or "multi-service" give them the opportunity to design a rela- accounts offer a variety of services for one tionship that works for you. fee, while "no frills" accounts offer a mini- Compare fees and service charges at the mum number of services at an extra-low banks you're considering, as well as inter- price. Other accounts might be designed est rates on loans and deposit accounts. cafeteria-style: you choose from a variety of What does each charge for services like services and pay as you go. cashiers checks, safe deposit box rental 3. Will you be buying a home or car or and ATM use? making another large purchase in the near Because price isn't the only — or even future? You'll want to find out about the most important — factor for most people in variety of loan products offered. choosing a bank, take a minute to think 4. If you hope to save for a big expense about how comfortable you feel at each or toward your child's (or your own!) future institution. Are your questions answered education, you'll also want to find out how quickly and accurately? Do customer serv- many savings products are offered. Many ice personnel offer helpful suggestions? Will banks now offer uninsured investments, the hours and locations save you time and such as mutual funds, as well as the more meet the demands of your lifestyle? traditional insured deposit accounts. Finally, look for an institution that is fed- 5. What time of day do you expect to do erally insured. This means your deposits most of your banking? Some people prefer will be protected by the FDIC. The FDIC to visit the bank during their work hours, has temporarily raised its coverage amount while others prefer a bank located close to from $100,000 to $250,000 per depositor home that they can visit over the weekend. per insured bank through Dec. 31, 2013 6. Do you like the convenience of auto- (IRAs and certain retirement accounts are mated teller machines and other types of protected up to $250,000.) Look for FDIC electronic services — like banking through stickers on bank doors and teller windows. your personal computer, or do you prefer to deal directly with bank personnel? Answer- Information provided by the ABA. Credit Dos and Don'ts O know the power of credit. Banks request each year. To get a free copy of look at your credit history as an your credit report, visit www.annualcred- Dindication of your future financial itreport.com. Jones Lumber Company is a full service and building materials supplier providing fast, behavior. By using credit wisely, you can DON'T feel pressure to get a credit card. quality service to commercial contractors, professional builders and industrial clientele build a good credit history making it easi- If you don't want one, you have the right to er to get loans with low interest rates, rent say "no." Under the new CARD Act 2009 for over 80 years in the Southern California area. an apartment, purchase a car or home, consumers aged 18-21 cannot be solicited Bob Jones, Secretary/Treasurer Rod Jones, CEO President and may even help you get a job. for credit. If you no longer wish to receive DO read the fine print on the credit prescreened offers, opt out by calling 1- application. The application is a contract, 888-5-OPTOUT (1-888-567-8688) or visit so read it carefully before signing. Credit www.optoutprescreen.com. card companies are very competitive so DON'T pay your bills late. Late pay- interest rates, credit limits, grace periods, ments can affect your credit rating and annual fees, terms and conditions may vary. increase your balance. DO pay at least the minimum due and DON'T spend more than you can afford. contact your creditor if you have trouble DON'T ignore the warning signs of cred- making payments. This will help you to it trouble. If you pay only the minimum avoid late fees and a rising APR. To pay off balance, pay late, use cash-advances to your balance quicker, pay more than the fund daily living expenses or transfer a lot minimum due. If you are unable to make of balances you might be in the "credit" the minimum monthly payments, let your danger zone. Talk to a financial counseling creditor know so they can work with you to organization to regain control of your create a more manageable payment plan. finances. DO be wary of anyone who claims they DON'T share your credit card number. can "fix" your credit report. The only thing Never give out credit card or personal infor- that can fix a credit report is time and a pos- mation if you have not initiated the transac- itive payment history. tion. Be aware of identity theft and phishing DO order a copy of your credit report scams that ask for credit card numbers. If annually. You have the right to know what you suspect that your identity has been is in your credit report. The Fair Credit compromised, file a complaint with the 1-877-4-CBBANK Reporting Act requires each of the three Federal Trade Commission by calling 1-877- Member FDIC | 0411 www.cbbank.com major credit bureaus to provide you with a ID-THEFT (1-877-438-4338); TDD: 202- free copy of your credit report at your 326-2502, or visit www.ftc.gov/idtheft. Thumbnails | SFVBJ User Guide | Front Page | Table of Contents

30 April 11, 2011 SAN FERNANDO VALLEY BUSINESS JOURNAL

News and notes from around the greater AROUND THE VALLEYS San Fernando Valley area ANTELOPE VALLEY LANCASTER Games Make GoSave Engaging Site to Visit Play: Portions of American Heroes Park were opened on March 22. Website GoSave has given itself a Adding the game component to The park is a complement to the revitaliza- makeover into a more fun place to the site resulted from a conversation tion of downtown along Lancaster Boulevard visit with the addition of online games McLeod had with his mother and an and surrounding neighborhoods, city officials in which players collect points to aunt, who both professed enjoying said. redeem for coupons or gift cards. playing online games. The site includes playgrounds; baseball and The site is targeting women, the Research firms tracking consumer soccer fields; basketball and handball courts; most active of online shoppers and habits back up the GoSave strategy of two gazebos; nine trellis structures; an adobe one of the top demographics of casual targeting women players of casual monument; restrooms; and three parking lots. online gaming. online games. A 2010 study from The previous Go Save website had Lightspeed Research and Trend- been one where visitors had been able stream’s Global Web Index showed to shop, said founder Dane McLeod. that 42 percent of women played an “We’ve created something more online game, compared to 36 percent fun and engaging on a daily basis so they would come there even of men. when they did not have to shop,” McLeod said. The games are created internally by a design team. McLeod com- GoSave, with offices in Encino and downtown, has more than pares them to TV game shows and are 2 minutes to 10 minutes in 1,000 retailers participating where the gift cards can be redeemed. length. The games are all in real time, allowing for competition The site grew out of a comparison shopping website McLeod and against other players online at the same time, McLeod said. some friends created when students at USC and which won them a The more games played, the more points players accrue to get the business plan contest. When Go Save launched in 2009 it was funded gift cards. Go Save receives a commission from the purchases and by McLeod, family and friends, and a private investor from Sherman also generates revenue from the video ads shown during the games. Open: Vice Mayor Ron Smith in new park. Oaks. – Mark R. Madler “American Heroes Park is a splendid addition to our downtown area,” stated Lancaster Vice Mayor Ronald D. Smith. “New and SAN FERNANDO VALLEY WOODLAND HILLS existing residents, business people working nearby, local students, as well as visitors from NORTH HILLS Fit: The Woodland Hills location of Total the community and beyond are now able to Woman Gym & Day Spa was one of 11 loca- enjoy this wonderful community-gathering Drive: Galpin Jaguar launched a new market- tions celebrating Women’s History in March. place.” ing campaign designed to demonstrate the new The location hosted a red carpet party on 2011 Jaguar line-up. March 30. Recycle: The first Waste Management Customers who come by Galpin for a test “March is the month to celebrate and Greenopolis Kiosk in the Antelope Valley drive but who purchase within 10 days a com- remember the lives of women who have arrived at the Lancaster Performing Arts Center. parably equipped competing vehicle (Mer- impacted us,” said Co-Founder of Total The kiosk is an interactive recycle station cedes, BMW, Audi, Lexus or Porsche) will Woman Gym & Day Spa Adrienne Stone. designed to make recycling an easier and more receive a $1,000 American Express Gift Card. Persistence: Mayo spent 20 years on film. “Everyone has known a woman – whether it’s enjoyable experience for the public. After drop- “Our belief in the new 2011 Jaguar line-up their mother, sister, wife, teacher, boss, or ping off their recyclables, users can then compelled us to offer something extraordinary Mayo worked on the film for 20 years, self- friend – that has enhanced their lives for the receive points redeemable for discounts on as proof to our customers that we believe financing the filming after investors backed out greater. These are women who paved the way tickets to LPAC shows, as well as donate to the today’s Jaguar is a superior choice,” said Beau of the project. for us on one level or another to make us who LPAC Arts for Youth program Boeckmann, Vice President of Galpin Motors Mayo was driven to complete the film we are today.” “The City of Lancaster is always looking for because many of his friends and colleagues ways to improve the community and benefit our TOLUCA LAKE donated time and effort to make it possible. SHERMAN OAKS citizens,” said Lancaster Mayor R. Rex Parris. “I just want to repay them for all they've “The addition of Greenopolis to The BLVD is Screening: Director and producer Martin done even though it's taken 20 years and count- Debut: Oculus3D launched its eco-friendly not only a ‘green’ advantage for our city, but Mayo will host a screening of his film “Disci- ing,” Mayo said. glasses at CinemaCon in Las Vegas last month. also a resource for increasing exposure to the pline” on April 13 at the Laemmle Sunset 5 The Laemmle 5 is located at 8000 Sunset arts for both recyclers and community youth.” Theaters. Blvd. in West Hollywood. Please see AROUND page 31 Viking: Affordability of Cruises Keeping Ships Full Continued from page 1 land Hills. are ready to travel and starting prices for cruise The majority of Viking’s cruises are in Viking River Cruises vacations are quite affordable,” said Kate Europe – the Netherlands, Belgium, Germany, Bernier, manager, leisure agent sales for million fleet development program. The ships Switzerland, Austria, Hungary, Slovakia, Croa- FOUNDED: 1997 Montrose Travel Agency in Montrose. “We will be characterized by the long and graceful tia, Serbia, Romania, Bulgaria, France and the U.S. HEADQUARTERS: Woodland Hills have found that many travelers actually feel design of ancient Scandinavian vessels. Czech Republic but it also offers cruises in more comfortable taking a cruise vacation ver- According to Richard Marnell,senior Russia, Ukraine, China, Egypt, Vietnam and CORE OF BUSINESS: Operates the world’s sus traveling independently on a land-based vice president of marketing for Viking, the Cambodia. largest ﬂeet built speciﬁcally for river vacation.” company has maintained its rate of growth in travel. the river cruising market and outpaced that of “Green” ship Creative itineraries DESTINATIONS: Europe, Russia, Egypt, the ocean cruise lines by 3 to 1 and the compa- “We launched the first “green” ship in Cruise lines are adding ships to their fleet ny’s steady amount of bookings for 2011 2009, Viking Legend, which was a state-of- China and Southeast Asia and getting more creative with their itineraries, departures backs up that statistic. the-art vessel with diesel-electric hybrid AWARDS: Conde Nast Traveler’s Gold List, industry experts say. River cruises are now “We have just announced our Early Book- engines. There will be two more ships debut- Travel + Leisure’s World’s Best. offering family themed departures. ing Discount for 2012. This growth can be ing in the coming year, the Viking Prestige in “They’ve done a phenomenal job of under- attributed to a number of reasons. The overall Europe and what we consider the pearl of standing and meeting the needs of today’s increased interest in river cruising resulting China’s Yangtze River the Viking Emerald,” more culture and local immersion, and upgrad- traveler. So, we would say there is an expan- from the desire to have a more cultural vaca- said Marnell. ed itineraries to feature tailor-made shore sion in the cruise industry,” Bernier said. tion experience, the influx of the ‘baby Viking has competition in the inland water- excursions as well as its Culture Curriculum The non-profit Cruise Lines International boomer’ generation as part of river cruising ways. Uniworld, AMAWaterways and Aval- program. This features a variety of activities Association (CLIA) is North America’s largest core demographics and travelers realizing that on are its direct competition, but the industry both on board and ashore such as cooking cruise industry organization and represents the river cruising offers the ability to visit inland also competes with European bus tours. Mar- demonstrations, musical performances and a interests of 26 member lines. “Our member ports,’’ Marnell said. nell said what sets his company apart are the host of lectures led by professional lecturers lines have maintained full occupancy through Viking was founded in 1997 by a Scandi- extras it offers such as all-inclusive itineraries and university professors. special offers and incentives even with the eco- navian and Dutch consortium that started with including wine, guided tours plus port charges. Along with the four new ships slated to be nomic climate in the last few years. Although the purchase of four Russian ships. The com- There is wi-fi in the ships’ staterooms. delivered at the end of this year, Viking plans this affected revenue somewhat, their strong pany has offices in China, Russia, Germany, “We also offer local bites on the sundecks, to continue with the fleet development pro- bookings for 2010 and beyond have allowed UK and Australia with its “on board” service during events we call ‘A taste of….’ where we gram and build six additional ships in 2013 lines to begin to increase fares back to more facility in Basel, Switzerland. When Viking introduce our guests to the types of food locals and 2014. typical levels. In fact, no CLIA lines left the expanded into the North American market get when they want a simple bite to eat,” Mar- “Despite a slowing economy, the cruise industry and there are 22 ships on order over with more new ships in 2000, it also estab- nell said. industry continues to grow in popularity in the the next two years,” said Lanie Fagan, direc- lished a U.S. corporate headquarters in Wood- Viking has been embracing requests for North American market. It seems customers tor of communications for CLIA. Thumbnails | SFVBJ User Guide | Front Page | Table of Contents

SAN FERNANDO VALLEY BUSINESS JOURNAL March 28, 2011 31 Image: Three Business Units

Continued from page 1 Image Systems both companies started. But then the companies went in different FOUNDED: 2011 following the merger of directions. Image Systems and Digital Vision. Digital Vision served the entertainment and U.S. HEADQUARTERS: North Hollywood 6DWXUGD\ -XQH DP SP media markets with color correction, image 6KHUDWRQ 8QLYHUVDO +RWHO enhancement and restoration systems and soft- CORE OF BUSINESS: Color correction, ware. image enhancement, ﬁlm restoration, and %RE 6DJHW (PFHH Image Systems, on the other hand, went scanning and digitizing of high-speed ﬁlm 7LFNHWV VDPH SULFH WK \HDU LQ D URZ after the defense, automotive, and film restora- INDUSTRIES SERVED: Entertainment and tion markets with its motion analysis and film media, defense, automotive, industrial. scanning products. ,W¶V HDV\ WR PDNH RXU GD\ $WWHQGLQJ VSRQVRULQJ Combining the two companies will provide DGYHUWLVLQJ RU FRQWULEXWLQJ WR 6KRZWLPH WKLV \HDU ZLOO a huge opportunity to up sell the products both The scanners and motion analysis equip- offer, said Mikael Jacobsson, the chief execu- ment is also used on crash test films to PDNH \RX VPLOH ,W ZLOO PRVW FHUWDLQO\ PDNH XV VPLOH tive of the newly renamed company. improve vehicle safety; to study the perform- WRR “We know the customers of Image Systems ance of athletes, and in research and develop- ZZZ9DOOH\9LOODJHRUJ · will need the image enhancement,” Jacobsson ment. said. The company will maintain its North Hol- Award winner 0LFKDHO DQG 6KDZQ lywood offices and other domestic locations Those applications are a far cry from how will be consolidated there. The Digital Vision Digital Vision made its name with film studios, product line names, Nucoda and Phoenix, will broadcasters and post-production houses. The remain untouched. firm’s color correction and mastering equip- The U.S. market accounts for 45 percent to ment has been used on Oscar nominated films, 50 percent of Image System’s business, Jacob- and is a two-time winner of the Engineering sson said. Award given by the Hollywood Post Alliance. The acquisition was announced in Decem- In the new organization, Martin Bennett ber and completed this month, just in time for heads up the media business unit to be located Image Systems to make a big splash at the in London. Bennett joined Digital Vision in National Association of Broadcasters expo in 2008 after more than 10 years at Avid. Las Vegas. The customers of each firm, however, want 9DOOH\ 9LOODJH something different. D F RUJDQL]DWLRQ Three units Those using Image Systems equipment are In addition to the new name – which more interested in looking into the film to reflects the core expertise in “image science” – remove scratches and get the optimal image, the company will now be divided into three Jacobsson explained. The Digital Vision cus- :KHUH DGXOWV ZLWK GHYHORSPHQWDO FKDOOHQJHV WKULYH business units of media, defense, and motion. tomer, on the other hand, is more interested in · While both companies were growing on what is on the film, he added. ZZZ9DOOH\9LOODJHRUJ IDFHERRNFRP9DOOH\9LOODJH/$ their own, combining them puts their respec- “The media industry is fast growing and VKRZWLPH#YDOOH\YLOODJHRUJ · tive products in the hands of new customers. demanding workflow systems,” Jacobsson For the defense industry, for example, said. “The customer is not satisfied with just a Image Systems has scanners that can quickly scanned image; they want to get it integrated take film shot on high speed cameras during with the workflow.” reconnaissance missions and test flights and As the chief executive (and the majority digitize it. Another piece of equipment can shareholder), Jacobsson said his role takes on then be used for advanced motion analysis. three tasks of integrating the two companies as What it lacked is what Digital Vision pro- smoothly as possible; create up-selling oppor- vides – equipment to enhance the film and tunities; and then to get Image Systems grow- make it cleaner. ing in 2012. AROUND THE VALLEYS

Continued from page 30 develop new products for the company’s new lacrosse line. The glasses, developed with Look3D, are Spencer will also participate in camps, clin- made from the resin Cereplast, a renewable ics and other events. material developed from plant sources. Spencer is a three-time national champion, They can be used in theaters showing films a two-time All American and a member of the on the RealD system. U.S. National Team. To dispose of the glasses, the lenses can be “The opportunity to be one of the first ath- popped out and the frames tossed away with letes sponsored by Easton Lacrosse – and the other compostables and will biodegrade in a first woman – is an incredible honor,” said compost pile in less than six months. Spencer. “I’m excited to start working with Easton and develop gear that players will Honor: The Valley Industry & Commerce love.” Association has chosen the inductees for its Terms of the deal were not disclosed. 4th Annual San Fernando Valley Business Hall of Fame. BURBANK Being honored at the June 9 event are Clay Lacy Aviation, the late Gene Autry, Facey Talk: Camera developer Vince Pace was one Medical Group, Sierra Canyon School, and of the keynote speakers at the 2011 NAB Show the Sheraton Universal Hotel. in Las Vegas. The Hall of Fame honors businesses and Pace appeared with filmmaker James individuals who have contributed to the contin- Cameron with who he developed the 3D cam- ued economic vitality and culture of the San era system Cameron used for “Avatar.” Fernando Valley. The pair discussed recent innovations in 3D The induction takes place at Sheraton Uni- technology and their possible implications for versal Hotel. the entertainment industry in the near future. Call (818) 817-0545 for more information. Individually and collectively Cameron and Pace have used their camera system to capture VAN NUYS some of the world’s most captivating images and productions of our time including such films as Promote: Easton Sports has signed “Tron: Legacy,” “Aliens of the Deep,” “Ghosts Danielle Spencer to a multi-year contract to of the Abyss,” “Titanic,” and “The Abyss.” Thumbnails | SFVBJ User Guide | Front Page | Table of Contents

32 April 11, 2011 STOCKWATCH SAN FERNANDO VALLEY BUSINESS JOURNAL Market Watch Summary BNY Mellon Valley 50 Presented by All closing prices as of April 6, 2011 Company April 6 52-Week 52-Week 2-week 52-Week YTD PE Mkt. Cap Name Ticker Price High Low % Chg. % Chg. Change Ratio ($millions)

American Reprographics ARC 10.28 11.31 6.00 14.7% 12.0% 35.4% N/M 465.5 Amgen AMGN 54.03 61.26 50.26 2.5% -10.5% -1.6% 11.28 51,112.4 AeroVironment AVAV 30.11 35.96 20.70 -11.4% 22.5% 12.2% 27.88 665.3 Bank of Santa Clarita BSCA 8.20 9.00 6.00 2.5% 20.6% 18.0% 24.85 17.7 California United Bank CUNB 12.75 13.30 10.15 -1.6% 4.5% 3.2% N/M 66.7 Stock finished up across the board for the two-week period ended April 6, Capstone Turbine CPST 2.02 2.14 0.62 -2.9% 54.2% 110.5% N/M 496.5 2011. The Dow finished up 2.8%, while the S&P 500 and the Valley 50 Cherokee CHKE 18.21 21.50 15.72 5.8% -2.4% -3.2% 14.93 162.3 Index finished up 2.9% and 2.6%, respectively. The NASDAQ led the way DineEquity DIN 54.41 60.11 24.92 3.5% 36.2% 10.2% N/M 949.7 for the two-week period, finishing up 3.8%. The best local performer over the past two-week period was Hemacare up 50.8%, while Talon International Diodes DIOD 33.38 34.50 14.50 2.9% 44.3% 23.7% 19.87 1,531.0 was the second best performer, up 28.6%. The worst local performers over Dreamworks Animation SKG DWA 27.58 43.58 25.17 6.8% -28.3% -6.4% 14.00 2,372.6 the past two-week period were AeroVironment and ReachLocal down 11.4% and 10.4%, respectively. DTS DTSI 47.19 50.57 31.03 5.2% 42.1% -3.8% 53.02 842.0 Electro Rent ELRC 17.57 17.77 11.09 10.3% 24.7% 8.7% 28.34 422.5 Data provided by Telemet Orion, a source considered to be reliable, and compiled Health Net HNT 31.70 33.80 12.90 2.2% 27.3% 16.2% 14.88 3,071.3 by BNY Mellon Wealth Management. However, the information in this feature may Hemacare HEMA 0.46 0.85 0.27 50.8% -31.3% -16.4% N/M 4.6 not be complete and cannot be guaranteed. The information provided in this feature does not constitute the provision of investment advice. Image Entertainment DISK 0.16 0.30 0.11 0.0% -23.8% 14.3% N/M 4.2 Interlink Electronics LINK 0.31 0.42 0.25 -3.1% 3.3% 10.7% N/M 4.3 For more information please contact: James Hillman, Managing Director IPC The Hospitalist IPCM 47.20 49.26 21.17 6.8% 31.7% 21.0% 32.11 786.2 (818) 963-0464 IRIS International IRIS 9.39 11.93 7.26 4.2% -12.5% -8.2% 55.24 167.6 Ixia XXIA 14.74 19.10 8.15 -0.6% 55.8% -12.2% 98.27 1,037.6 Index Watch K-Swiss KSWS 11.81 14.53 8.75 18.1% -2.7% -5.3% N/M 416.9 LTC Properties LTC 29.42 29.48 22.85 7.2% 4.4% 4.8% 24.31 768.4 Dow Jones S&P Valley MannKind MNKD 3.70 10.05 3.40 3.4% -47.4% -54.1% N/M 425.2 Indexes Industrial NASDAQ 500 50 Mission Valley Bancorp MVLY 0.00 0.00 0.00 -100.0% 0.0% 0.0% N/M 0.0 March 23 Close 12086.0 2698.3 1297.5 993.0 Move MOVE 2.30 2.89 1.75 8.0% 4.5% -10.5% N/M 375.5 April 6 Close 12426.8 2799.8 1335.5 1019.2 MRV Communications MRVC 1.51 1.90 1.15 -3.8% 17.1% -15.6% N/M 237.7 Point Chg. 340.7 101.5 38.0 26.2 National Technical Systems NTSC 7.33 9.01 4.90 2.7% 34.0% -9.2% 11.45 77.6 2-Wk % Chg. 2.8% 3.8% 2.9% 2.6% Northrop Grumman NOC 62.36 65.77 48.53 1.4% 4.6% 6.1% 9.16 18,514.7 YTD % Chg. 7.3% 5.5% 6.2% 6.4% On Assignment ASGN 10.02 10.87 4.17 9.0% 35.2% 22.9% N/M 364.9 52-Wk Chg. 13.3% 15.2% 12.3% 12.7% Power-One PWER 8.29 13.04 4.02 -0.6% 99.3% -18.7% 8.64 1,175.5 PS Business Parks PSB 58.92 63.16 50.69 3.3% 5.4% 5.7% 37.29 1,457.7 Two Week Best Performers... Public Storage PSA 110.77 113.36 85.04 3.4% 17.0% 9.2% 47.14 18,849.3 Percent Change From March 23 - April 6, 2011 Qualstar QBAK 1.78 2.02 1.40 0.0% -4.8% 5.3% N/M 21.8 ReachLocal RLOC 18.52 21.14 11.80 -10.4% 0.0% -7.0% N/M 518.5 Ryland Group RYL 16.23 26.03 14.16 -2.6% -28.0% -4.7% N/M 716.6 Salem Communications Cl A SALM 3.76 5.50 2.10 -3.6% 9.9% 18.6% 47.00 93.3 Semtech SMTC 26.16 26.59 15.95 9.6% 45.0% 15.5% 21.10 1,732.1 Simulations Plus SLP 3.13 3.74 1.76 2.3% 72.9% 16.4% 24.08 51.7 Sport Chalet Cl B SPCHB 2.18 4.10 1.70 -5.2% -33.1% -41.7% N/M 30.9 Superior Industries Int'l SUP 25.61 26.34 12.55 5.7% 60.3% 20.7% 13.34 692.1 Talon International TALN 0.18 0.30 0.07 28.6% 28.6% 71.4% N/M 3.7 Teledyne Technologies TDY 51.86 53.35 35.34 1.8% 25.3% 17.9% 15.86 1,913.6 Tutor Perini TPC 24.97 25.48 15.56 6.0% 9.7% 16.6% 11.72 1,192.3 Cheesecake Factory CAKE 30.20 34.00 21.56 5.4% 9.4% -1.5% 22.21 1,829.0 THQ THQI 4.69 8.29 3.33 2.9% -38.6% -22.6% N/M 318.8 Trio-Tech International TRT 4.50 6.88 3.36 -1.1% 9.8% 7.9% 22.21 15.4 Unico American UNAM 9.68 10.35 8.57 -1.7% 0.8% 5.9% 24.20 51.8 ...Two Week Worst Performers United Online UNTD 6.39 8.72 4.75 7.0% -17.5% -3.2% 11.02 555.0 Percent Change From March 23 - April 6, 2011 ValueClick VCLK 15.82 17.23 8.88 9.6% 59.5% -1.3% 14.38 1,294.7 Vitesse Semiconductor VTSS 5.19 9.27 2.85 5.5% -35.0% 23.9% N/M 104.8 Walt Disney Company DIS 42.27 44.34 30.72 0.1% 19.2% 12.7% 18.70 81,454.3 Top 10 Most Active Stocks 7-Day Average Daily Volume COMPANY NAME VOLUME COMPANY NAME VOLUME DIS ...... 7,276,154 THQI...... 1,410,027 CPST ...... 7,106,368 VCLK...... 1,109,982 AMGN ...... 5,648,848 AVAV ...... 931,878 PWER ...... 3,620,679 DWA...... 838,338 NOC...... 2,487,045 CAKE ...... 836,118 Thumbnails | SFVBJ User Guide | Front Page | Table of Contents

SAN FERNANDO VALLEY BUSINESS JOURNAL April 11, 2011 33

VALLEY BIZ SEEN Greater Valley business events

Kaiser Permanente’s Panorama City facility held the first-year anniversary Valley Community Clinic celebrated the grand opening of its prenatal cen- celebration of its Farmers Market on March 16. Dr. Angeline Ong,a ter. Attendees included Providence Saint Joseph Medical Center CEO “Physician Champion for Employee Wellness” at the hospital (left), tried Barry Wolfman (left), L.A. City Controller Wendy Greuel (center), and fruit at the booth of Allison Etheridge (right) of Etheridge Farms. Valley Community Clinic’s CEO Paula Wilson (right).

Patrick Bet-David (right), founder of insurance agency People Helping Community Redevelopment Agency CEO Christine Essel spoke at VICA’s People, was joined by Dudley Rutherford, senior pastor of Shepherd of Newsmaker Connection event in Sherman Oaks on March 23. VICA Chair the Hills church, in the ribbon cutting for the company’s new headquarters Daymond Rice, Essel and Los Angeles Valley College president Sue Car- in Woodland Hills. The company celebrated its move to the nearly 10,000- leo are shown from left to right. square-foot office in March.

Valley Biz Seen publishes photographs of business-related events in the valleys, including parties, awards dinners, beneﬁts and other celebrations. Photos must be clearly and completely labeled including formal name of event and exact date it took place. Please e-mail photos to [email protected] and don’t forget to include contact information. Luna Blu frozen yogurt cafe celebrated its grand opening on March 24 at the Simi Valley Town Center. Thumbnails | SFVBJ User Guide | Front Page | Table of Contents

34 April 11, 2011 CALENDAR SAN FERNANDO VALLEY BUSINESS JOURNAL

The ABCs of Financial Statements After 5 – Networking@Night Tuesday, April 12 10:30 a.m. – 12:30 p.m. Saturday, April 23 5:30 p.m. – 7:30 p.m. SCORE Los Angeles Chapter Greater San Fernando Valley Chamber of Commerce Effective HR Practices 330 N. Brand Blvd. Suite 190, Glendale How to Structure Partnerships and The Beverly Garland 10 a.m. – 1 p.m. $35 in advance; $45 at the door Raise Money for Your Next Deal 4222 Vineland Ave., North Hollywood SCORE Los Angeles Chapter Contact & RSVP: (818) 552-3206 7:45 a.m. – 2 p.m. $10/members; $15/non-members 330 N. Brand Blvd. Suite 190, Glendale Dynamics Capital Group Contact & RSVP: (818)989-0300 $35 in advance; $45 at the door Luxe Hotel Contact & RSVP: (818) 552-3206 Saturday, April 16 14461 W Sunset Blvd. Los Angeles Friday, April 29 $219 until April 20; $249 after April 20 Financial Projections for Your Business Plan Contact & RSVP: (310) 471-0650 QuickBooks Part I Wednesday, April 13 10 a.m.-12 p.m. 10 a.m. – 1 p.m. SCORE Los Angeles Chapter Small Business Development Center General Assembly Luncheon 330 N. Brand Blvd. Suite 190, Glendale Monday, April 25 City of Calabasas Library w/guest speaker Dr. Sanford M. Shapero $35 in advance; $45 at the door 200 Civic Center Way, Calabasas 11:30 a.m. – 1:30 p.m. Contact & RSVP: (818) 552-3206 Job Search Workshop $65; plus parking United Chambers of Commerce 8:30 a.m. – 1 p.m.., through April 29 Contact & RSVP: (661) 362-5900 or Sportsman Lodge Events Center OPEN, a chapter of Experience Unlimited [email protected] 12833 Ventura Blvd., Studio City Tuesday, April 19 Job and Career Center $30 980 Enchanted Way Suite, Simi Valley Contact: (818) 981-4491 Free Monthly Business Luncheon Contact & RSVP: www.eu-open.org Wednesday, May 4 PR Pop Up Happy Hour 11:45 a.m. Business Networking Breakfast 5 p.m. – 8 p.m. Valley Industry Association 7a.m.–9a.m. Makeover Media & Roz Wolf PR Valencia Country Club Wednesday, April 27 Woodland Hills-Tarzana Chamber of Commerce 27330 Tourney Road, Valencia Woodland Hills Country Club White Hart Pub Network Connection Breakfast 22456 Ventura Blvd., Woodland Hills $40/members; $50/visitors 21150 Dumetz Road, Woodland Hills Contact & RSVP: (661) 294-8088 7: 15 a.m. – 9 a.m. $20/members and one-time trial guests; Free Greater San Fernando Valley Chamber of Commerce Contact & RSVP:[email protected] walk ins add $5 Braemar Country Club Contact & RSVP: (818) 347-4737 4001 Reseda Blvd., Tarzana Wednesday, April 20 $20/members; $25/non-members Thursday, April 14 Small Business Forum Contact & RSVP: (818)989-0300 Wednesday, May 11 All About Business Loans 7:15 a.m. 4 p.m. – 5 p.m. Simi Valley Community Development Agency Business Networking Mixer 4th Annual CFO Awards SCORE Los Angeles Chapter Grand Vista Hotel 5p.m.-7p.m. 11:30 a.m. – 1:30 p.m. 330 N. Brand Blvd., Glendale 999 Enchanted Way, Simi Valley Woodland Hills-Tarzana Chamber of Commerce San Fernando Valley Business Journal Free Free Nicola's Kitchen Warner Center Marriott Contact & RSVP: (818) 552-3206 Contact & RSVP: (805) 583-6701 20969 Ventura Blvd., Woodland Hills 21850 Oxnard St., Woodland Hills Members free; $10/one-time trial guests $100 Contact & RSVP: (818) 676-1750 Chamber Networking Breakfast Contact & RSVP: (818) 347-4737 7:15 a.m. – 8:45 a.m. Thursday, April 21 Wednesday, May 18 Calabasas Chamber of Commerce Z Awards Luncheon Hilton Garden Inn – Calabasas 11:30 a.m. – 1:30 p.m. Thursday, April 28 24150 Park Sorrento, Calabasas Los Angeles City Councilman Dennis Zine Monster Marketing Mistakes 11:30 a.m. – 1:15 p.m. $15/members; $20/first-time visitors Warner Center Marriott 10a.m.–1p.m. Woodland Hills-Tarzana Chamber of Commerce (818) 222-5680 21850 Oxnard St., Woodland Hills Premier America Credit Union Warner Center Marriott $40 19867 Prairie St., Chatsworth 21850 Oxnard St., Woodland Hills Contact & RSVP: (818) 756-8848 or $35 $25.members and one-time trial guest; Friday, April 15 (818) 347-4737 Contact & Registration: SBDC (661) 362-5900 walk ins add $5 QuickBooks Part I Contact & RSVP: (818) 347-4737 2 p.m. – 5 p.m. Get Informed on Leave of Absence Requests Beginning Quickbooks Small Business Development Center 7:15 a.m. – 11:30 a.m. 10a.m.–12p.m. 26455 Rockwell Canyon Road, Santa Clarita San Fernando Valley Employer Advisory Council SCORE Los Angeles Chapter Send items for the calendar section of the Business $65; plus parking Airtel Hotel 330 N. Brand Blvd. Suite 190, Glendale Journal to Staff Reporter Mark Madler at Contact & RSVP: (661) 362-5900 or 7277 Valjean Ave. Van Nuys $35 in advance; $45 at the door [email protected] or via fax at (818) 676-1747. [email protected] $75/members; $85/non-members Contact & RSVP: (818) 552-3206 Contact & RSVP: (818) 365-0655

Chapter:7 Hydam Development Corporation File-Date:03/08/11 Faith A Ford Preet Charo Chicken; BANKRUPTCIES Assets:N/A 311 Haigh Rd #201 Raymond H Aver 818-787-2888 DBA: Charo Chicken Debts:N/A Thousand Oaks 310-473-3511 Medical supplies. 19532 Gifford Street Paramount Group Inc of Nevada Doc#SV11-12519-VK 91320 Bus type N/A. Reseda 128 Auburn Ct, Suite 202 File-Date:03/01/11 Chapter:7 Vita Nova Enterprises, Inc. 91335 Thousand Oaks Pro-per. Assets:0 Encino Leaf Investments, Inc 13571 Desmond Street Chapter:7 91362 R.E. Debts:183,498 18034 Ventura Blvd, Suite 418 Pacoima Assets:6,700 Chapter:7 Doc#SV11-12616-MT Encino 91331 Debts:546,339 Assets:17,800,001 Almuizz, Inc; DBA: Metropolis File-Date:03/02/11 91316 Chapter:7 Doc#SV11-13033-MT Debts:1,534,000 4850 Louise Ave Vernon L Ellicott Chapter:7 Assets:0 File-Date:03/10/11 Doc#SV11-12277-MT Encino 805-446-6262 Assets:N/A Debts:521,252 Anthony Egbase File-Date:02/23/11 91316 Construction. Debts:N/A Doc#SV11-13013-MT 213-620-7070 Brian Nomi Chapter:7 Doc#SV11-12663-MT File-Date:03/10/11 Restaurant. 805-444-5960 Assets:245 A&S Business Consultants Inc File-Date:03/03/11 Lee P Mankin Bus type N/A. Debts:1,295,903 23371 Mulholland Dr #247 Lynne Romano 800-219-3577 Malibu Ocean View Villas, LLC Doc#SV11-12604-MT Woodland Hills 626-552-0270 Mosiac design. 11911 San Vicente Blvd Diamond Properties LLC File-Date:03/02/11 91364 Investment. L.A. 13389 Dryer St David Hagen Chapter:7 D & M Construction, Inc 90049 6520 Platt Avenue #551 Chapter:11 Sylmar 818-990-4416 Assets:165,000 Tomi International, Inc; DBA: West Hills Assets:7,500,000 91342 Bus type N/A. Debts:105,213 Tomi Medical Supply 91307 Debts:4,610,000 Chapter:7 Doc#SV11-12655-MT 4570 Van Nuys Blvd #442 Assets:N/A Benji & Associates, Inc File-Date:03/03/11 Sherman Oaks Chapter:7 Doc#SV11-13192-MT Debts:N/A 23679 Calabasas Rd #738 Pro-per. 91403 Assets:0 File-Date:03/15/11 Doc#SV11-12394-GM Calabasas Bus type N/A. Chapter:7 Debts:2,349,338 Andrew Goodman File-Date:02/25/11 91302 Assets:0 Doc#SV11-13037-VK 818-887-2500 Pro-per. Chapter:7 Debts:389,082 File-Date:03/10/11 Single asset R.E. Single asset R.E. Encino Ave Properties Inc Michael H Raichelson Assets:247 4926 Encino Ave Doc#SV11-12906-MT Debts:205,844 File-Date:03/08/11 818-444-7770 Encino Construction. Hacienda Comanche Properties, Doc#SV11-12608-GM 91316 Inc File-Date:03/02/11 Chapter:7 6511 Comanche Ave David Hagen Assets:N/A Bankruptcy information is supplied by Timely Info of Chapter 13: a bankruptcy plan available to individuals Winnetka 818-990-4416 Debts:N/A Los Angeles, Jack Vaughn (323) 664-4423. whose “income is sufficiently stable and regular to 91306 Bus type N/A. Doc#SV11-12656-MT enable such individual to make payments under a Chapter 7: a “straight” liquidation bankruptcy involv- Chapter:7 File-Date:03/03/11 plan.” The debtor makes payments to a trustee who Assets:N/A ing an appointed trustee to sell all assets by auction or 5431 Topeka Inc Pro-per. disburses the funds to creditors. Debts:N/A Investment. other means to pay creditors and trustee fees. Doc#SV11-12401-GM 5431 Topeka Dr Tarzana Chapter 11: a process which allows a business to gain Involuntary bankruptcy: the debtor is forced into bank- File-Date:02/25/11 ruptcy by secured creditors whose claims total at least Pro-per. 91356 L A X, LLC temporary relief from paying debt in order to attempt a $220,000. Involuntary bankruptcy may be filed under Investment. Chapter:7 6066 Reseda Blvd successful reorganization. The debtor remains in con- Assets:N/A Tarzana trol of the business during the bankruptcy and the Chapter7or11. Debts:N/A 91356 business continues to function. Golden State Capital Group Inc Doc#SV11-12612-GM Chapter:11 15060 Ventura Blvd #100 File-Date:03/02/11 Assets:N/A aka: also known as fdba: formerly doing business as FAW: formerly associated with Sherman Oaks Pro-per. Debts:N/A dba: doing business as fka: formerly known as 91403 Investment. Doc#SV11-12878-VK Thumbnails | SFVBJ User Guide | Front Page | Table of Contents

SAN FERNANDO VALLEY BUSINESS JOURNAL April 11, 2011 35 Vons Funds Medical Program Using Apple Devices surrounding community," said Dave Styler, HEALTH: iPad2, iPod Touch president and CEO of the Lockheed Federal will connect doctors with skilled Credit Union. The project is also made possible through nursing center residents. the support of Tim Tilton of T&T Improve- ments Painting Company, Dunn Edwards This is a regular feature on philanthropic Paints and Santoro's Submarine activities by Valley-area businesspeople and Sandwiches. companies. The credit union offers a Volunteer-Time- Off program that gives each employee up to A $20,000 donation from the Vons eight hours per year to volunteer during the Foundation to Valley Presbyterian Hospi- work day. tal’s Amputation Prevention Center will help develop the center’s community pilot Providence Donates to telemedicine program. The donation was awarded to the center Non-Profits during its first-year anniversary celebration on Providence Health & Services donated March 23. more than $250,000 to 14 non-profit groups in The telemedicine program will partner the San Fernando and Santa Clarita valleys with Country Villa – a skilled-nursing facili- Donation: Daymond Rice (far left) presents a check to staff at the Valley that serve individuals in need. ty owner, operator and manager – at its facili- Presbyterian Amputation Prevention Center on behalf of the Vons Foundation for Some of those individuals served by the ties in Van Nuys and North Hills. The pilot the hospital’s new telemedicine program. groups include the homeless, the uninsured in program will test off-site consultations for the The company partnered with Habitat for Participating Vons stores include those in need of medical care, school children in Amputation Prevention Center using iPad 2 Humanity San Fernando/Santa Clarita Val- Canoga Park, Woodland Hills, Mission Hills, low-income areas and others in need. and iPod Touch devices. leys on Feb. 26 as part of its Impact giving Tarzana, Reseda, Northridge and Granada The chosen organizations include the “We believe this is the first program to use program, which provides volunteer Hills. Participating Pavilions stores include following: Chrysalis, El Nido Family Cen- telemedicine to treat and manage (decubitus) opportunities for employees. those in Sherman Oaks and West Hills. ters, the Family Promise locations in both ulcers in a skilled- About 60 of the studio’s employees, In 2010, Vons raised more than $1 million the San Fernando and Santa Clarita valleys, nursing facility in friends and family members assisted with in support of Easter Seals Southern Family Service Agency of Burbank, Friends GIVING the state of Cali- construction, digging and planting. Three California. of the Family, Gentle Barn, Guardian fornia and has the families chosen as recipients of Habitat homes Angel Catholic School, Guardian Angel potential to trans- also attended the event. School in Pacoima, Kids Community Dental form healthcare delivery,” said Michael Tor- Credit Union Paints Center Clinic, Plummer Elementary School, St. gan, president of Country Villa. Lockheed Federal Credit Union employ- Didacus Schools in Sylmar, St. Ferdinand Daymond Rice, director of governmental Grocery Stores Help Disabled ees plan to give a Burbank-based nonprofit School in San Fernando, Santa Rosa School and public affairs for the Vons Foundation, Vons and Pavilions stores in the San Fer- activity and daycare center a new look. in San Fernando, Tarzana Treatment said Vons realizes the importance of giving nando Valley are raising money in April to As part of the credit union's community Center, Valley Care Community Consor- back to the community. help local residents who have disabilities. project, Partner to Paint, 30 employees will tium and Work of Angels. “Telemedicine will enable the center to Throughout the month-long campaign, volunteer on April 14 to paint the exterior of The grants were presented on March 29 at reach those in need in distant places and we customers will be given the option at every BCR's "a place to grow" facility. BCR Providence Tarzana Medical Center. are proud to be a part of this initiative.” check-out counter to make contributions to provides day activities and extended daycare Funding came from the Mother Joseph Easter Seals Disability Services. programs to children and adults with Fund, which holds a portion of profits from The donations will help the organization developmental disabilities. the three Providence medical centers in the Studio Employees Build Homes provide jobs training and employment oppor- "We appreciate the opportunity to assist in San Fernando Valley. In profitable months, Warner Bros. Entertainment employees tunities, pre-school and after-school services, our community, and it's especially gratifying each hospital donates 5 percent of its proceeds recently helped build homes for low-income, independent living options and services that to benefit an organization that does such a to the fund. working families in Pacoima. help adults learn daily living and social skills. remarkable job serving Burbank and the – Compiled by Jessica Vernabe BUSINESS MARKETPLACE BUSINESS & PROFESSIONAL SERVICES DIRECTORY LAW PROPERTY LISTING CONSTRUCTION

LENDER OWNED NNN LEASED INVESTMENT Offered at 8% cap rate with a 15 year term. Developed in LEGAL NOTICE 2006 on a seperate parcel within the Simi Valley Town Center Regional Mall. (Fictitious Name Statement) Contact Bill Hagelis or Rob Devericks File No. (20110452011) 805.654.9300 or email us at The following company is doing business as 1) Montage Insurance Solutions, [email protected] 22110 Clarendon St., Suite 201 Woodland Hills, CA 91367. 2) Simplan, 22110 Clarendon St., Suite 201 Woodland Hills, CA 91367. 3) Pilothouse, 22110 Clarendon St., Suite 201 Woodland Hills, CA 91367. 4) Legacy Ensure, 22110 Clarendon St., Suite 201 Woodland Hills, CA 91367. 5) HR Summit, 22110 Clarendon St., Suite 201 Woodland Hills, CA 91367. This business is being Get Noticed! conducted by Danone Simpson Insurance Services LLC, 22110 Clarendon St., Suite 201 Woodland Hills, CA 91367. This registrant has not commenced Showcase your ad in the business under the fictitious name.This statement was filed with the County Clerk of Los Angeles on March 25, 2011. This fictitious business name expires on BUSINESS MARKETPLACE March 25, 2016. A new fictitious business statement needs to be filed prior to March 25, 2016. The filing of this statement does not itself authorize the use in For more information call this state of a fictitious business name in violation of the rights of another under federal, state, or common law (see section 14400 ET SEQ, business and pro- 818.676.1750 fessional code).This notice published on April 4, April 11, April 18, and April 25. Thumbnails | SFVBJ User Guide | Front Page | Table of Contents 36 April 11, 2011 SAN FERNANDO VALLEY BUSINESS JOURNAL Bank: More Personal Service

Continued from page 1 some of Bank of America’s newest products, such as a scanning service that allows business new small business bankers are new to the owners to make deposits without having to company, said Lynn Fernandez, who was leave their offices. The Greater San Fernando Valley Chapter of the recently named Bank of America’s small busi- Bank officials also said some of the most ness banker region executive for the Pacific popular products among small business clients Association of Fundraising Professionals Southwest region. She said the hiring effort are offered in an online banking suite. With has partnered with the focused on locals and those with experience in the suite, the business owners can manage a variety of backgrounds, such as business and their accounts online, send their bills directly San Fernando Valley Business Journal financial services, business consulting and to the vendor’s bank, use online payroll serv- for the 2011 entrepreneurship. ices for up to 150 employees and use express invoicing. Personalized service With the Small Business Banker program National Philanthropy Day in place, the new bankers will consult with New Bankers small business owners at their companies to Breakdown of the local hiring of small On this day, individuals and corporations from assess their banking needs. The focus of the program is on businesses with annual revenues business bankers at Bank of America around the San Fernando Valley will be recognized for between $250,000 and $3 million. SAN FERNANDO VALLEY 22 their tireless efforts in our community. “(Owners of) small businesses, they’re very GLENDALE / BURBANK 6 busy people and they appreciate the fact that you come in and spend time with their busi- CONEJO VALLEY 3 NOMINATIONS are now being accepted. ness,” Fernandez said. “They appreciate the SIMI VALLEY 2 fact that they don’t have to travel.” SANTA CLARITA VALLEY 2 To nominate for the following categories, visit www.afp-gsfv.org Another part of the bankers’ role will be to ANTELOPE VALLEY 1 and click on the National Philanthropy Day tab. interact with local business organizations, such as the Valley Economic Development Corporation Professional Fundraiser Center, the Valley Industry and Commerce Association and the Valley Economic Increased lending Corporate Foundation Volunteer Alliance. Bank of America increased its small busi- Private Foundation Volunteer Organization The new program, which was announced ness lending to $92 billion in 2010, represent- Philanthropist Youth Volunteer last fall, was spearheaded after feedback from ing a year-over-year increase of $10.5 billion, customers showed there was demand for more Fernandez said. She added that the bank is specialized services for small businesses. hoping the trend will continue as the economy Dawn Belton For more information, contact National Philanthropy Day Chairs: , who manages Bank of picks up. America’s San Fernando Valley locations, said The bank has also reached out to its busi- Jenny Daniels Freese or Anush Sumian at Valley Village she has already noticed the benefits the new ness clientele in other ways. bankers provide. Last year, Bank of America increased credit (818) 587-9450 “As a result of their efforts to develop busi- to small businesses to $18 billion from $16.5 Register at www.afp-gsfv.org ness in the areas and because of all the book of billion the previous year. business that many of them had before they In June, it increased its spending with joined our team, we’ve been able to get hun- small, medium-sized and diverse businesses, dreds of new consumer relationships,” Belton committing to purchasing $10 billion in prod- said. “The strategy is really paying off ucts and services from those suppliers over five already.” years. Belton said those relationships have result- As of last August, the bank also started City of Los Angeles ed in the bank being able to set up employers awarding $10 million in grants to non-profit and employees with business and personal leaders to use for loan loss reserves, which Ofﬁce of Finance banking services. She also said the small busi- are required to access federal micro-lending ness bankers are able to introduce customers to capital.

Non-Tax Debtor Amnesty Program Madler: F-35 a Global Plane movements robots don’t have the dexterity to Save 40% on select, seriously aged outstanding City bills! Continued from page 14 perform. The manual drilling however is the highest source requiring repairs. with The Boeing Co. “The robots on the gantry never have a bad “There is a lot of value lost there because day,” Burbage said. Have you been contacted by a collection agency for monies owed to the we are not efficient,” Vander Wel said during a Less labor intensive manufacturing meth- City of Los Angeles? Here is your opportunity to settle select and qualifi ed panel discussion about manufacturing and ods are not the only way for aircraft makers to delinquent accounts (does not include taxes) at a reduced rate. innovation. reduce costs. The use of composite materials – To see what the future holds for aerospace a mixture of different metals and alloys – costs manufacturing, one need only to look at • Simply pay the Amnesty Balance owing on your collec- less and the reason why the days of 90 percent Northrop Grumman’s aerospace facility in metal planes are a thing of the past. tion letter, which is 60% of your bill and 40% will be Palmdale where a new integrated production The F-35 is made of 40 percent composite waived (not to exceed $50,000). line went active last month to make the center materials, as compared to 20 percent for the F- fuselage for the F-35 Joint Strike Fighter. 22 and a mere 2 percent for the F-16, accord- • Act fast, the program runs from February 1 – April 30, While final assembly is done by Lockheed ing to Burbage. Martin in Texas, the F-35 is truly an interna- Getting those materials, however, may 2011. Payment must be received or postmarked on or tional aircraft. Manufacturers from the U.S. prove challenging as the best suppliers of met- before the deadline of April 30, 2011. and nine other countries provided components als are likely unqualified to do the same for for the first plane to take a test flight. Northrop composites. The innovation in new aircraft • Qualifying delinquent debts include, but are not limited Grumman has a company in Turkey as its sec- materials will come from smaller companies – ond source for the center fuselage. until they get snatched up by the larger suppli- to, false alarm fees, ambulance billing fees, brush clear- Upgrades have also been done in Ft. ers wanting to build up their capabilities. ance fees, code enforcement fees, building and safety Worth, where the F-16 and F-22 have been For consolidation is another mark of this fines, public works permits, and certain other City fees assembled. Lessons learned from those air- industry in transition. that have been referred for collection to the City’s con- craft were put into the manufacturing process “It is going to be a big change because of tracted collection agencies. fortheF-35inadditiontousingthelatest mass production,” Vander Wel said of compos- technology, such as giving workers access to ite materials. “It will put a strain on the supply the digital design database right on the factory chain when it comes to procurement.” floor, said Tom Burbage, executive vice presi- For additional information, you can visit the City website at dent and general manager of the Joint Strike Staff Reporter Mark Madler can be reached www.lacity.org/fi nance/amnesty/, contact the collection agency listed Fighter program. at (818) 316-3126 or by e-mail at on the letter, or call our City Amnesty Hotline at 213-978-7900. Robots moving on gantries do 80 percent of [email protected]. He wrote this column on the drilling on the plane. The remainder is still the other side of a partition from a noisy done manually because there are still some metal-cutting machine. Thumbnails | SFVBJ User Guide | Front Page | Table of Contents

SAN FERNANDO VALLEY BUSINESS JOURNAL April 11, 2011 37

‘Weundowhat ‘That’s how we ‘This for us is the computer make health care just exciting, lots tries to do.’ happen.’ of space.’ Ted Moser, Arthur Zenian, Aaron Labowitz, Picture Car enBio, Entertainment Earth, Warehouse, PAGE 8 PAGE 4 PAGE 10

PEOPLE IN Kolodziejski, Chris...... 5 Rocha, Frances ...... 21 THE NEWS Krikorian, Raffi D...... 1 Rockhill, Rick...... 21 A DeFevere, Katherine...... 12 L Rogers, John...... 1 Anderson, Roy...... 1 Diamond-De La Mata, Roseanne..11 Labowitz, Aaron ...... 4 Ruffner, Steve...... 6 Azzi, Tony ...... 21 Dwyer, Todd ...... 16, 22 Ladd, Julia...... 12 S B E-F Lederer, Jill ...... 5 Scanlon, Sean ...... 14 Barsamian, Greg K...... 1 Ehrlich, Tamara...... 11 Lenners, Greg...... 12 Smith, Nate ...... 12 Beitler, Barry...... 1 Elliott, Chris ...... 12 Levy, Jackie...... 12 Solomon, David...... 16, 22 Belton, Dawn...... 1 Fagan, Lanie...... 1 M Styler, David ...... 35 Bernier, Kate...... 1 Fernandez, Lynn...... 1 Marnell, Richard ...... 1 T Bernstein, Dennis...... 8 Foster, Duke ...... 10 McGinley, Pat ...... 12 Thomas, Ross W...... 1 Bilotto, Chris ...... 12 Friedman, David ...... 4 McKinnie, Michele...... 12 Thomas, Ross ...... 17 Bright, Richard ...... 1, 17 G Mezger, Jeffrey...... 6 Tilton, Tim...... 35 Burbage, Tom...... 14 Gabler, Brian...... 4 Miller, Janice L...... 12 Tingus, Mike...... 1, 16, 17 Byrne, Pat ...... 14 Garcia, Andrew...... 12 Miller, Jonathan ...... 11 Torgan, Michael...... 35 C Gordon, Daniyel ...... 12 Moser, Ted...... 10 Troxel, Lauren...... 8 Chandani, Raj...... 12 Gottlieb, Alan...... 14 N-O Tutor, Ronald ...... 1 Chung, Richard ...... 12 H-J Nathanson, Todd...... 1, 16 V-W Claridge, Ray...... 10 Hammon, Billy...... 10 O’Connel, Dave ...... 1 Velador, Stephani ...... 4 Coburn, Shanna ...... 12 Helm, Myles ...... 1 P Weiner, Matthew...... 10 Collins, Ron...... 12 Ibarra, Cynthia...... 4 Pearson, Richard...... 1, 22 Whitney, Gregory...... 12 Conn, Patrick J...... 1 Jacobson, Mikael ...... 1 Pope, Jan ...... 1 Wolfson, Scott...... 14 Connor, Kara ...... 8 Joshi, Ash...... 21 Popeil, Ron...... 4 Z Cortez, Tony...... 14 K Principe, Tony...... 1 Zander, Dean...... 1, 16 Cummings, Scott ...... 12 Keurjian, Mike...... 12 Pupil, Martin ...... 1 Zenian, Arthur...... 8 D Klafter, Erik ...... 12 R Zugsmith, Michael...... 1, 17 Danko, Heather ...... 12 Klein, John J...... 1 Rice, Daymond...... 35

COMPANIES IN K Promise Healthcare Corp ...... 8 THE NEWS Kaiser Federal Bank ...... 3 Providence Health & Services ...... 35 A Cruise Lines International Kaiser Permanente ...... 8 R ALITA Property LLC ...... 21 Association ...... 1 KB Homes ...... 6 Real Capital Analytics...... 16 All-Marks...... 14 D L Ronco ...... 4 Amgen ...... 16 D.A. Davidson & Co...... 1 Lee & Associates .....1, 16, 17, 21, 22 Roy Anderson Corporation...... 1 Anderson Companies ...... 1 DAUM Commercial Lindero Country Club ...... 5 S B Real Estate Services...... 1 LNR Property ...... 16 Silver Lake Medical Center...... 8 Bank of America ...... 1 Delphi Business Properties, Inc.1, 17 Lockheed Federal Credit Union.....35 Sodexo Inc...... 11 Beitler Commercial Realty Digital Theater Systems...... 16 Lockheed Martin...... 14 Southern California Edison...... 6 Services ...... 1 Digital Vision ...... 1 M Strategic Clinical Engineering...... 8 Binovia...... 8 Dole Food Co...... 5 Machinery Resources SunPower Corp...... 6 Boeing Co...... 14 Downey Savings and International Inc...... 14 Supra Alloys Inc...... 14 Brice Building Company, LLC ...... 1 Loan Association ...... 3 Marcus & Millichap Real Estate T BYD Corp...... 6 E-G Investment Services ...... 1, 22 Tim-Co...... 4 C Entertainment Earth Inc...... 4 Mellon 1st Business Bank ...... 3 Tutor Perini Corporation ...... 1 C&S Precision Machining ...... 14 GhostLight Industries ...... 10 Merrill Lynch ...... 5 U California National Bank ...... 3 Good Samaritan Hospital ...... 8 Montrose Travel Agency ...... 1 Union Bank ...... 3 Capital Realty Solutions ...... 21 H Mosaic Marketing Partners LLC...... 5 V CB Richard Ellis Inc...... 1, 16, 17, 22 Harrell Contracting Group, LLC...... 1 N Valley Economic Alliance...... 1 Centers Business Management ...... 1 Hendricks & Partners...... 1, 16 NAI Capital...... 1, 17 Valley Economic Charles Dunn Company, Inc...... 1 Henry Mayo Newhall Natural Balance ...... 21 Development Center...... 1, 3 Chase...... 3 Memorial Hospital...... 11 Northrop Grumman ...... 14 Valley Industry and Cinema Vehicle Services ...... 10 I O Commerce Association ...... 1 Cohr Inc...... 8 illi Commercial Real Estate ...... 1, 16 Osteon Enterprises LLC ...... 21 Viking River Cruises...... 1 Coldwell Banker Commercial North Image Systems ...... 1 P Vons Foundation...... 35 County ...... 1 Integrated Support Solutions Inc...11 Panorama City Neighborhood W Colliers International...... 1, 21 Investment Real Estate Associates .1 Council...... 3 Warner Bros. Entertainment ...... 35 Comco Inc...... 14 J Panorama Mall...... 3 Wells Fargo ...... 3 Countrywide Financial ...... 16 Jones Lang LaSalle ...... 1 Pharmaceutical Litho & Label...... 4 Westcord Commercial Cresa Partners...... 1, 22 Picture Car Warehouse...... 10 Real Estate Svcs...... 1

These Indexes list the people, associations, organizations, schools, etc., that are mentioned in this week’s issue. The numbers refer to the page(s) on which the name is found. Thumbnails | SFVBJ User Guide | Front Page | Table of Contents

38 April 11, 2011 COMMENTARY SAN FERNANDO VALLEY BUSINESS JOURNAL Online Health Insurance Exchange Will Help Small Businesses By RON GOLDSTEIN exchanges make good sense. And while they create more efficient markets and extend do so by increasing their premium contribu- may not yet have captured the public imagina- coverage to many of the more than 45 million tion, generally through payroll deduction. n an attempt to drive down costs and make tion or spotlight to the extent other healthcare currently uninsured. And, for the first time that the purchasing of health insurance more issues have, the impact exchanges may have we’re aware of, exchanges will give consumers California model I“value based,” California is currently in will be felt throughout the country; and they and employers similar health insurance options Perhaps the best news of all is that we the process of creating an Internet-based could, in fact, end up a bellwether for how as are available to members of Congress. already know that health insurance exchanges health insurance exchange that will help con- healthcare reform is judged for generations to For San Fernando Valley-based small work, as Southern California is home to sumers here in the San Fernando Valley and come. business owners looking for financial relief for America’s most successful and mature health around the rest of the state comparison shop their health insurance expenditures, exchanges insurance exchange. Locally-based Californi- for affordable health coverage. Online mall are a logical path to travel. aChoice, has been successfully operating for For business owners, the concept of an Health insurance exchanges promote The first thing local employers will need to 15 years and currently serves close to 12,000 exchange is welcome news as they battle ris- choice and make health insurance purchasing do is convert their funding of their employee employers and in excess of 150,000 members. ing health insurance premiums that statewide more value based by creating a sort of online health benefits program from the traditional CaliforniaChoice’s topping of 20 million increased 7.5 percent in 2009 (as compared to shopping mall where consumers, employers defined-benefit approach to a defined-contri- member months in 2010 (the first exchange in a 0.6 percent decrease in overall consumer and brokers can visit to see health insurance bution model. Here employers provide the nation to do so) demonstrates that if prices). Since 2002 premiums have increased plans side by side and compare benefits, costs employees a set voucher-like premium contri- properly established and managed exchanges by 117.5 percent, more than four times the and other features. Each of the health plans bution, and employees are then free to select have the capacity to help us move to a more 23.1 percent increase in California’s overall offered in an exchange will include an essen- from multiple health plan options at various rational and affordable method of purchasing inflation rate. tial set of benefits that provide healthcare price points and benefit levels offered within health coverage. And in this era of political The impetus for this is the 2010 Patient services with different levels of cost sharing. the exchange. rhetoric and dueling parties, isn’t that some- Protection and Affordable Care Act, which Multiple benefit categories will exist, so To help them make an informed decision, thing we can all embrace? mandates that every state establish a health purchasers can choose the one that best meets these employees must be provided with such insurance exchange by January 1, 2014, or their needs and pocketbook. Individuals who decision-making tools as comparative provider Ron Goldstein is president of Southern default to a federal “fallback” program. cannot afford to purchase a plan in an and formulary directories, information on spe- California-based CHOICE Administrators Regardless of what may or may not happen in exchange may be eligible for a subsidy from cial disease management programs and which develops and administers health the 112th Congress as a result of November’s the government based on income and family provider quality measurements. Employees insurance exchanges. mid-term elections, health insurance size … just one of the ways exchanges hope to who wish to “buy up” to costlier coverage may Tutor: Builder Has Been in Growth Mode in 2011

Continued from page 1 Contracting Group was acquired about six or seven years ago. Tutor Perini Corporation Chart (NYSE:TPC) “I think this is part of their strategy to con- Anderson described the group of companies tinue to grow the business and expand,” Rogers and Tutor Perini as having some similarities. ■ Location: Sylmar $25.00 said. He added that Tutor Perini already has a “We do government, we do entertainment, $24.70 ■ $24.75 strong presence in the West, the Northeast and we do gaming, commercial – we do basically CEO: Ronald N. Tutor $24.97 $24.50 down in Florida, and adding a Southeast mar- the same work, but just in different markets,” ■ Employees: 3,096 $24.06 ket will likely add to the company’s financial Anderson added. $24.25 growth prospects. Ander- ■ Market Cap: $1.2 billion $24.00 son Com- PUBLIC ■ PE (ttm): $23.75 Resources for Anderson panies also 11 $23.16 $23.50 Anderson Companies, which will maintain COMPANIES has expert- ■ EPS (ttm): 2.13 $23.52 its current senior management, is also looking ise in hos- $23.25 to benefit from the merger. pitality, government, health care, industrial and ■ Closing Price: $23.00 “We think (Tutor Perini’s) resources will educational facilities. (as of April 6) $24.97 $22.75 provide an opportunity for Anderson Compa- $22.50 nies to grow, particularly in the Southeast,” said Acquisition mode Source: Yahoo! Finance 3/7 3/14 3/21 3/28 4/6 Roy Anderson, III, who will continue as the The Anderson purchase continues Tutor acquired company’s president and CEO. Perini’s growth mode. Rogers agrees with Anderson’s outlook. In January, the company announced that it “Finally, with the added capital resulting In 2010, Tutor Perini had net income of “For a company like Anderson where had acquired construction contractor Houston- from our senior notes offering, we are pursuing $103.5 million, or $2.13 per diluted share, on you’ve got management staying presumably, based Fisk Electric Co. in a deal worth $105 growth opportunities through acquisitions revenues of $3.2 billion. For the previous year, by aligning themselves with Tutor Perini, they million. The deal was expected to give Tutor available in the current market, including our the company had net income of $137.1 million, can go after larger projects,” he said. Perini additional electrical construction capabil- recent acquisition of Fisk Electric which closed or $2.79 per diluted share, on revenues of $5.2 Anderson Companies, which was founded ities in support of non-residential building and at the beginning of the year,” said Ronald billion. By the end of both 2010 and 2009, the in 1955, had just acquired Brice Building civil operations. Tutor Perini referred to more Tutor, the company’s Chairman and CEO, in company had a backlog of uncompleted con- Company in April 2010, Anderson said. Harrell deals in its last financial earnings statement. the February statement. struction work equal to $4.3 billion. Activity: Amgen Not Likely to Expand Local Offices

Continued from page 16 industrial market in Conejo Valley, but the sit- 100,000 square feet that has a lease expiration uation is not as dire as what was projected of 2019. Multi-family market through the office market. when Amgen was laying off hundreds of peo- The challenges in the single-family home “When Countrywide purchased the build- ple from its Conejo Valley offices in 2007. Retail market market have translated to good news in the ings it owned, the prices were low and it got a While Amgen has come back strongly from The region’s retail market, recently impact- multi-family market. deal, which likely factored into Bank of Amer- 2007, Dwyer said he doesn’t anticipate the ed by the closure of several Borders Book- “There is a transitional shift toward a renter ica’s decision to retain the buildings,” Tingus company will expand its offices in the area, stores, is sending mixed signals. On the plus nation,” Schiff said. “The ratio of people rent- said. Dwyer said. side, forecasters are predicting retail sales to ing rather than owning hit 66.5 percent by What Countrywide didn’t retain has been Amgen, one of the largest employers in the grow at an annual rate of 4.8 percent over the year-end 2010. That is a 12-year low in the absorbed by the market. Conejo Valley, has 3 million square feet of next five years, according to a CBRE fourth ratio of people owning to renting on a national Countrywide sold about 82,000 square feet office space and labs, Dwyer said. quarter retail market report. basis.” in Calabasas to Digital Theater Systems in Of that number, Amgen put a half million “Clearly rents are increasing and the vacan- Asking rents were projected to increase by 2008 prior to the Bank of America buyout, square feet on the market for sublease in cy is being absorbed,” Nathanson said. “Lease 1.8 percent to $1,395 in the Greater Los Ange- said Tom Dwyer, a senior vice president in the fourth quarter 2008, but currently is marketing rates are up by close to 17 percent.” les market in 2011 and the vacancy level was Camarillo office of CB Richard Ellis. An 300,000 square feet for sublease in Thousand The overall vacancy rate in the retail mar- expected to drop by 50 basis points to 4.4 per- industrial user purchased a 70,000 square foot Oaks, Dwyer said. The lease on 200,000 kets of greater Los Angeles is 6.2 percent, con- cent this year, according to the 2011 annual office building and 100,000 square feet of square feet in two office buildings expires in sidered a healthy rate, but half of the region’s report from Marcus & Millichap. industrial space from Bank of America last October, but Dwyer said he expects that submarkets experienced negative absorption, “Rents bottomed out eight to ten months year, Dwyer said. Amgen will not find a subtenant and the space among those Santa Clarita and the Tri-cities ago,” said Dean Zander, a partner in the Los Amgen’s decision to put more emphasis on will revert to the landlord, who will lease it. submarkets. The San Fernando Valley experi- Angeles office of Hendricks & Partners. growing offices it has in other states and coun- He also said that Amgen will likely continue to enced positive absorption, but it was only “When owners are sending out renewals, they tries has had a greater impact on the office and try to sublease the remaining unoccupied 2,596 square feet. are including rent increases.” Thumbnails | SFVBJ User Guide | Front Page | Table of Contents

SAN FERNANDO VALLEY BUSINESS JOURNAL COMMENTARY April 11, 2011 39 Making The Best Sports Land Use Decisions 21600 Oxnard St., Suite 250, hile many Angelenos are abuzz over place where it’s more accessibility on Sunday mornings where NFL Woodland Hills, CA 91367 an ambitious plan to construct a new accessible for visitors fans begin to congregate and cook up some Main Phone: 818-676-1750 • FAX: 818-676-1747 Wfootball stadium in Downtown L.A. to L.A., such as adja- nutritionally-challenged delicacies. www.sfvbj.com as part of the Convention Center complex, cent to LAX? Building a football stadium at Chavez now is a good time to rethink the locations of Recently, I attended Ravine is nothing new. In fact, Peter O’Malley PUBLISHER & PRESIDENT some of the city’s largest attractions and rev- a three-day conference pursued it before getting too many political Pegi Matsuda enue generators. of about 400 people at cold shoulders and eventually selling the [email protected] / 818.676.1750 Football has overtaken baseball as the a hotel on Century Dodgers to FOX. national pastime, and the game day experience Blvd. Its proximity to What O’Malley did not entertain was relo- EDITOR has evolved into something much more than LAX made it conven- cating Dodger Stadium. As a lifelong Dodger Jason Schaff just going to the game. Nowadays, football fans CAPITOL ient for most, but at fan who attends fewer and fewer games each [email protected] / 818. 316.3125 travel hundreds of miles each weekend to tail- OFFENSES night, there was noth- season, I’d much prefer downtown L.A. as a gate, barbeque, eat, drink, and (many of them) ing for anyone to do location for baseball instead of football. On STAFF REPORTERS watch the game from inside the stadium. Brendan Huffman except eat and drink at weekends, I want to leisurely tailgate. On Mark Madler Newer stadiums, such as FedEx Field in the hotel. weeknights, I’m in a hurry either coming from [email protected] / 818. 316.3126 Landover, Maryland (where the Washington A new convention center near LAX would work to games, or rushing home afterwards advertising, aviation and aerospace, law, Redskins moved in 1998) and Cowboys Stadi- have several benefits, including visitors avoid- before I fall asleep. manufacturing, marketing and public relations, um in Arlington, Texas (where the Cowboys ing an hour or more to get from LAX to Down- Going to Dodger Stadium, with its remote media and entertainment, transportation, moved last year) are being built away from town L.A. In other cities, hotels and malls are location and pricey parking, requires too much Cities of Burbank, Antelope Valley and Simi Valley urban settings so that fans have enough open connected or at least adjacent to convention effort on weeknights. About 80 percent of base- space to recreate before games. As a UCLA centers so that visitors have more places to ball games are played at night, all week long. Jessica Vernabe fan, the tailgating at the Rose Bowl – with its spend money and generate tax revenues (and Like Laker games, I’d be far more likely to go [email protected] / 818. 316.3123 large golf course and peaceful surroundings – create jobs). LAX is also a lot closer to the to Dodger games if I could arrange my after- education, family business, government and politics, has usually been more fun than the games in beach, which, next to Hollywood, is L.A.’s noon or evening work schedule to be down- health care, hospitality and tourism, insurance,restaurants, retail, recent years. Downtown L.A., even the Colise- most appealing tourist attraction. With more town prior to the game – and be able to walk or Cities of Glendale and Santa Clarita um where USC plays, does not offer anything visitors seeking entertainment, presumably the take the DASH. Options are limited for access- near what the Rose Bowl does in terms of typi- variety of nearby hotels and restaurants would ing Chavez Ravine. RESEARCHER cal pre-game festivities for fans. improve. Simply put, football games attract the week- Josh Dausch Somehow, the idea of tailgating in a down- Back to the NFL stadium. If not in Down- end crowd with cars big enough to carry tailgat- [email protected] / 818. 316.3130 town parking structure does not appeal to me. town L.A., where should a stadium go? This ing accessories. In contrast, baseball attracts Nor does spending an hour or two trying to get question might be moot since a proposal for City more of the after-work crowd. Moreover, base- CONTRIBUTING COLUMNISTS on the 110 freeway along with 80,000 other fans. of Industry has already received environmental ball games attract half the attendance of foot- Martin M. Cooper Our Changing Valley Part of the latest NFL stadium proposal is to clearance and requires no land swaps or loan ball games, so the traffic impact in Downtown Brendan Huffman Capitol Offenses demolish a section of the L.A. Convention Cen- guarantees from cash-strapped municipalities. L.A. would not be as significant as football ter which, although enjoying increased business There are many financial and marketing games. PHOTOGRAPHER in the past few years, is clearly outdated, and benefits associated with a stadium out in City If the city is going to go through the exer- David Sprague does not have enough affordable hotel rooms of Industry (which, by the way, usually takes cise of figuring out how to bring football to [the nearby to reach its potential. me about the same amount of time to reach city of] Los Angeles, I hope that a substantive ADVERTISING SALES MANAGER For many of us, however, the Convention from my home in Studio City as Staples Cen- conversation will occur about whether we’re Jamie Chien Center is not accessible enough to want to go ter does), but I won’t address them here. maximizing our wisest land use and economic [email protected] / 818.676.1750 x 19 even for some of its most popular conventions Just for fun, let’s say that the best location potentials. economic development, education, health care, such as – HempCon, TatooNation and for a football stadium is within the City of Los law, municipalities EXXXoticaExpo. (Full disclosure: I’ve never Angeles. But is the best location for football in Brendan Huffman is a Valley-based strategic been to these events, but I hear they rock). Downtown L.A. or could it be Chavez Ravine? communications consultant and owner of Huff- ADVERTISING ACCOUNT MANAGERS man Public Affairs, LLC as well as the co-host Rita Bishop Accessibility factor Dodger Stadium site of “Off The Presses,” a public affairs radio [email protected] / 818.676.1750 x 26 So why not have the discussion about con- Imagine rebuilding an aging Dodger Stadi- show streaming live every Thursday morning at automotive, aviation, banking and finance, structing a new convention center facility some- um with its vast open space, scenic views and 11 a.m. on www.LATalkRadio.com. and mortgage Victoria Brown [email protected] / 818.676.1750 x 26 classifieds, construction, entertainment, Bad Timing of Payments Costing L.A. Millions hotels and hospitality, not-for-profit, property management, public relations and technology Editor’s note: This is the second of three year and has a poli- However, out of 37 contracts for services columns in a series that will review the status of VICA cy of paying its reviewed by the Controller’s office, only five ADVERTISING COORDINATOR audits from L.A. City Controller Wendy Greuel. LOCAL UPDATE vendors 30 days included payment timelines. Rikki Valle VICA has worked with city controllers over the from either the Unfortunately, the Audit of Early Payments [email protected] / 818.676.1750 x 18 years to ensure audits are heard by the City CATCHING THE date of the invoice, to Vendors is not an anomaly. Most audits find Council and recommendations are implemented. LOCAL BUSINESS ISSUES or when goods or that the city is losing significant amounts of PRODUCTION MANAGER THAT FALL THROUGH services are money due to inefficiency and still little or no Marcia Lindahl s VICA continues its review of L.A. THE CRACKS received, whichev- action is taken. Nearly half the reports [email protected] / 818.676.1750 x 27 City Controller audits it is becoming er is latest. This included in Greuel’s audit scorecard have not Amore and more surprising that the city practice should allow the city to maximize its experienced any actual progress toward CIRCULATION DIRECTOR manages to remain solvent. Waste and ineffi- investment earnings while still being a good implementation. Michael Levine ciency are the prevailing themes of the audits, customer. It is always puzzling to VICA how such [email protected] / and even after the concerns are brought to the simple opportunities for revenue generation get 323.549.5225 x 247 attention of city officials, action is slow or Too early ignored by city officials, especially when logi- nonexistent. Controller Greuel’s audit of vendor pay- cal solutions sit before them. In just two audits CONTROLLER We began this series of columns by review- ments found that the city is paying these bills regarding inventory management and vendor Nancy Schwartz ing the Audit of Citywide Fixed Assets and too early and missing out on several million payments we have found millions of dollars are [email protected] / Equipment, which found that the city is losing dollars in investment earnings. If the payments being lost and nothing is being done to stop it. 323.549.5225 x 202 millions of dollars by not adequately tracking were scheduled closer to the due dates, the city VICA is committed to holding our city offi- its property. More shocking than the details of could see a significant improvement in its cials accountable for fiscal responsibility and ASSISTANT TO THE PUBLISHER the report, is that none of the Controller’s investment return. encourages members of the community to do Michael Stirk recommendations to improve the process have The audit pointed to some key problems the same. In difficult economic times it is more [email protected] / 818.676.1750 x 13 been implemented. with the management of vendor payments. The important than ever to operate government in The second audit currently under VICA’s most glaring is that city workers are not using an efficient manner. Before vital services are Material published in the San Fernando Valley Business Journal is copyrighted examination, which reviews early payments to the payment scheduling tools offered by the cut or taxes raised, the city must take a hard by CBJ, LP or its licensors, including any original wire services. Such material is protected by U.S. and international copyright laws and treaties. All rights vendors, is just as concerning. This audit was city’s two procurement systems. Simply taking look at these audits and implement these cost- reserved. Certain trademarks, services marks and trade names appearing in this initially released December 2009 and did not advantage of these capabilities and scheduling saving strategies. publication are owned by CBJ, LP. All other trademarks, service marks and trade names appearing in this publication are the property of their respective owners. go before the City Council until March 2010. payments closer to the due dates could increase Readers of The San Fernando Valley Business Journal may not reproduce, None of the recommendations outlined in the city revenue. What suggestions do you have for the city to republish or redistribute this publication or any material found in it without the express written consent of the copyright holder. audit have been implemented, according to the Another troubling finding in the audit is that better manage its payments to vendors? What To obtain permission to reuse or republish material copyrighted by CBJ, LP, scorecard released at the beginning of the year few city contracts with vendors specify pay- city audits would you like VICA to monitor? please contact our Copyright Clearance Center Inc. at 222 Rosewood Dr., Danvers, MA 01923. Phone: 978-646-2600 Fax: 978-646-8600 e-mail: by Controller Wendy Greuel’s office. ment timeframes. Most business people would Email your responses or thoughts about the [email protected]. www.copyright.com The City of Los Angeles spends approxi- consider this to be a standard practice when column to [email protected]. Reprints are available from Wright’s Reprints, (877) 652-5295 ext. 104 or e-mail mately $2.5 billion on goods and services each dealing with contracts for goods or services. [email protected]. Thumbnails | SFVBJ User Guide | Front Page | Table of Contents

40 April 11, 2011 SAN FERNANDO VALLEY BUSINESS JOURNAL GALPIN GETS IT.

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SAN FERNANDO VALLEY BUSINESS JOURNAL April 11, 2011 IBC COMMERCIAL REAL ESTATE BROKERAGE FIRMS THE LIST Ranked by total value of deals in the greater San Fernando Valley area in 2010 EXECUTIVE SUMMARY THE PACESETTER he Commercial Real Estate Brokerage in total value of deals when compared to 2009 his year’s no. 1 ranked commercial real es- International, Ltd. which was founded in Lon- Firms List is ranked by the total value of figures. The largest firms from last year’s List tate brokerage firm is once again CB don in 1773. Its presence in California goes Tdeals (sales and leases) in the greater San saw slight decreases in the value of deals in TRichard Ellis with a total of $880 million back to the founding of Tucker, Lynch & Fernando Valley area in 2010. Among the top 2010 from 2009. CB Richard Ellis continues in deals in 2010. This is down by 12% from $1 Coldwell in San Francisco in 1906. The com- 3 firms from last year’s List, Lee & Associates to be the No. 1 ranked firm with not only the billion in deals in 2009. CB Richard Ellis has pany has operated under its current name since rose from No. 3 to No. 2 this year with $252 highest total value of deals but also the most 72 local brokers with 1 local office in Univer- 1998, following the merger of CB Commercial million in growth. Delphi Business Properties, local brokers. sal City. It is a multinational real estate corpo- and Richard Ellis. Inc. also had a notable growth of $54 million – By Josh Dausch ration that dates back to Richard Ellis – By Josh Dausch Rank Company Total Value of Sales Leases # of Services Offered Profile Top Local Executive name Deals in 2010 Value of Sales '101/'091 Value of Leases '101/'091 Brokers (partial list) SFV/L.A. offices name (in millions) SFV address # of Sales '10/'09 # of Leases '10/'09 headquarters title L.A. year founded phone County CB Richard Ellis, Inc. $880 $209/$510 $671/$495 72 agency leasing, tenant representation, 1/7 Richard Bright 1 111 Universal Hollywood Dr. 63/91 842/420 204 investment, valuation, debt & equity finance, Los Angeles Sr. Managing Director Universal City, 91608 property and project management 1906 (818) 50-4389

Lee & Associates-LA North/ $635 $358/$191 $277/$192 56 acquisition, disposition and leasing of office, 3/7 Mike Tingus 2 Ventura, Inc. 112/WND 588/WND 120 industrial, retail, multifamily and investment Sherman Oaks President 15250 Ventura Blvd. #100 properties and land for development 1994 (818) 986-9800 Sherman Oaks, 91403

NAI Capital $337 $176/$211 $161/$314 62 acquisitions and dispositions, sublease, tenant 3/5 Michael A. Zugsmith 3 16001 Ventura Blvd. #200 51/131 409/1,128 92 representation, lease administration and audit, Encino Chairman Encino, 91436 investment services, due diligence 1979 (818) 905-2400

Beitler Commercial Realty $313 $102/$117 $211/$251 21 office, industrial, retail, tenant/landlord 1/4 Barry Beitler 4 Services WND/WND WND/WND 82 representation, corporate services, lease Los Angeles President 15165 Ventura Blvd. #310 administration 1979 (818) 501-5001 Sherman Oaks, 91403

Jones Lang LaSalle $257 $6/$6 $252/$138 5 tenant representation, leasing, capital markets, 1/5 Jan Pope 5 515 South Flower St. #1300 2/3 108/84 62 property management, project management, Chicago, IL So. Cal. Market Dir. Los Angeles, 90071 energy and sustainability services 1783 (213) 239-6000

Marcus & Millichap Real Estate $246 $246/$300 $0/$0 47 commercial real estate investment sales 1/4 John J. Kerin 6 Investment Services 117/109 0/0 101 brokerage for all property types Encino President/CEO 16830 Ventura Blvd. #352 1971 (818) 212-2700 Encino, 91436

DAUM Commercial Real Estate $242 $114/$80 $128/$110 28 industrial, office, retail leasing and sales, 3/5 Myles Helm 7 Services 80/53 478/404 80 investment property sales, property Los Angeles President 21860 Burbank Blvd. #175 management, tenant representation, market 1904 (818) 887-3600 Woodland Hills, 91367 research

Investment Real Estate $203 $203/$129 $02 22 apartment, retail, office, industrial, land, 1/1 Raffi D. Krikorian 8 26/19 2 22 investment property acquisitions and Encino President/CEO Associates 0/0 16501 Ventura Blvd. #448 dispositions; is not involved in leasing, tenant 1999 (818) 386-6888 Encino, 91436 representation or management of properties

Hendricks & Partners $175 $175/$122 $0/$0 7 apartment brokerage and advisory services 2/4 Dean Zander 9 10880 Wilshire Blvd. #2080 36/22 0/0 22 Phoenix Senior Partner Los Angeles, 90024 1995 (310) 470-6142

Delphi Business Properties, Inc. $124 $77/$28 $53/$46 15 real estate sales, leasing, property 1/1 Ross W. Thomas 10 7108 Hayvenhurst Ave. #211 35/18 259/211 15 management Van Nuys CEO Van Nuys, 91406 1977 (818) 780-7878

Colliers International $123 $48/$29 $75/$53 13 leasing, sales tenant/landlord rep. multimodal, 2/6 Martin Pupil 11 16830 Ventura Blvd. Suite J 37/12 220/196 59 land, hospitality, industrial, investment property Seattle, WA Regional Managing Dir. Encino, 91436-1721 acquisition/disposition, property management 1908 (818) 905-5800

Coldwell Banker Commercial $102 $72/$37 $30/$43 6 acquisition/disposition services, brokerage and 1/1 Greg K Barsamian 12 North County 36/16 106/116 19 transaction management, investment and Glendale Executive VP 801 North Brand Blvd. #180 market research analysis, property 2006 (818) 334-1900 Glendale, 91203 development, relocation and valuation services

Cresa Partners $89 $5/$0 $85/$80 4 tenant representation, disposition, project 2/2 Rick Pearson 13 20950 Warner Center Ln. 2/0 73/57 28 management services Brentwood Principal Woodland Hills, 91367 1983 (818) 223-0072

Centers Business Management $56 $10/$9 $46/$44 6 retail shopping center management, leasing 1/2 Dave O'Connell 15 17030 Ventura Blvd. #200 5/3 243/229 18 and maintenance Los Angeles Dir. Valley Division Encino, 91316 1987 (818) 380-9966

illi Commercial Real Estate $34 $9/$3 $25/$6 15 leasing, management and sales of commercial 2/2 Todd Nathanson 17 17547 Ventura Blvd. #304 4/2 88/75 3 retail property and tenant/landlord rep Encino President Encino, 91316 2007 (818) 501-2212

na: Not Available. WND: Would Not Disclose. Grubb & Ellis Company declined to participate in To1 thein millions best of our knowledge, this information is accurate as of press time. While every effort is this year's List. Companies were asked to compute transaction value based on sales and leases made2 to ensure the accuracy and thoroughness of the list, omissions and typographical errors of office, industrial, multi-family, retail and land deals completed in 2010 for ONLY properties with sometimesDo not dooccur. leasing Please management. send corrections or additions on company letterhead to the Research physical addresses located in the cities below. In addition, they were asked to include only sales Department,To the best ofSan our Fernando knowledge, Valley this Business information Journal, is accurate 21600 as Oxnard of press St., time. Suite While 250, everyWoodland effort is and leasing transactions, not debt/financing transactions nor any other revenue generated from Hillsmade 91367. to ensure ©2011 the San accuracy Fernando and Valleythoroughness Business of Journal. the list, omissionsThis list may and not typographical be reprinted errorsin other real estate services provided by the firm. Cities: Agoura Hills, Arleta, Bell Canyon, Burbank, wholesometimes or in part occur. without Please prior send written corrections permission or additions from the oneditor. company Reprints letterhead are available to the fromResearch Calabasas, Camarillo, Canoga Park, Canyon Country, Castaic, Chatsworth, Conejo Valley, Wright'sDepartment, Reprints, San (877)Fernando 652-5295 Valley ext. Business 104 or Journal,e-mail [email protected]. 21600 Oxnard St., Suite 250, Woodland Encino, Glendale, Granada Hills, Hidden Hills, Lakeview Terrace, Lancaster, Mission Hills, Hills 91367. ©2011 San Fernando Valley Business Journal. This list may not be reprinted in Newbury Park, Newhall, North Hills, North Hollywood, Northridge, Pacoima, Palmdale, Panorama whole or in part without prior written permission from the editor. ReprintsResearched are available by Josh from Dausc City, Porter Ranch, Studio City, Sun Valley, Sunland, Sylmar, Tarzana, Thousand Oaks, Toluca Wright's Reprints, (877) 652-5295 ext. 104 or e-mail [email protected]. Lake, Tujunga, Valencia, Valley Village, Van Nuys, West Hills, Westlake Village, Winnetka, Woodland Hills. Researched by Josh Dausch Researched by Josh Dausc Thumbnails | SFVBJ User Guide | Front Page | Table of Contents

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CONVENIENT NAVIGATION TOOLS Page 9: 20 in Their 20s special report features young local business leaders. ON THE COVER COMMENTARY TECH: United Online taps into the appeal of HUFFMAN COLUMN: ...... 39 The Digital Edition makes moving through the Journal easier than nostalgia with new website, Memory Lane. EDITOR’SCOLUMN: ...... 39 MANUFACTURING: Vitesse Semicon- ever. Links allow you to instantly follow story jumps, go directly ductor returned to the NASDAQ after a five- LEADERSHIP: 20 in Their 20s year absence. ENERGY: SolarWorld of Camarillo has PROFILES: Profiles of 16 of the 20 .10 from the Table of Contents to the stories you want to read, and signed a deal to develop a solar system for ENTREPRENEUR: David Wurth, L.A. Dept. of Water and Power. The owner and editor-in-chief of C-Suite advanced system involves bulk distribution Quarterly magazine...... 12 smoothly flip through the pages of the paper. of energy. EXECUTIVE: Justin Kendrick, associ- RETAIL: Westfield starts lining up its retail mix at the proposed Village development that ate administrator of Palmdale Regional will link Topanga Plaza and the Promenade MedicalCenter...... 10 in the next several years. The company in the LEADERS: The owners of Infinite Com- past few weeks has been giving more details munications, Parham Nabatian and Kay- ACTIVE TABLE OF CONTENTS about the project and sending out glossy van Mott, have managed to become a ► brochures to the neighborhood. fixture in the Valley business community by attaching themselves with Move easily from the Table of Contents to any THE LATEST NEWS older mentors who are powerful in the ENTERTAINMENT: Avenue Six Studios community...... 14 story in the paper by simply clicking on the adds to filming opportunities with a New York streetscape to its facility in Van Nuys..3 name or description. TECH: Digital audio company DTS reports COLUMNS & FEATURES strong earnings as Blu-Ray DVDs, which contain the DTS audio format, become GIVING: ...... 16 mainstream...... 4 CROWLEY COLUMN: ...... 17 LAW: Law firm Michelman & Robinson MADLER COLUMN: ...... 18 forms advertising, marketing and media Every listing in the TOC takes you directly where REAL ESTATE: ...... 31 department...... 5 you need to go. VALLEY BIZ SEEN: Greater Valley THE LIST Business Events...... 32 LARGEST COLLEGES & INVESTMENTS: Valley Stockwatch.....33 UNIVERSITIES: ...... 21 AROUND THE VALLEYS: News and notes from around the greater San Fernando PEOPLE Valley area ...... 34 AT-A-GLANCE HEADER AUTOS: Interview with Lou Gonzales, CALENDAR: ...... 36 owner of Antelope Valley Chevrolet in Lan- ► caster. He’s a long-time area businessman Major functions are available at the top of every who didn’t give up on the industry or the area In The Next Issue after his Saturn business folded in the demise THE LIST: 6 of the brand...... Largest Manufacturing Companies page. Quickly access the Front Page and Table of SPECIAL REPORT: ADVERTISING SUPPLEMENT Manufacturing: Contents from any page in the digital edition. Valley’s Top Companies EDUCATION ...... 23 SUPPLEMENT: R l Estate

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EFFICIENCY TOOLS Vitesse Returns The Digital Edition helps you move quickly through the to NASDAQ Journal, while connecting you to online content. Story jumps TECH: Move eases disruption at Camarillo firm. now function immediately with a click of your mouse, and it’s By MARK R. MADLER Staff Reporter easier than ever to visit our advertisers and forward articles Vitesse Semiconductor Corp. has returned to the S NASDAQ after a five-year absence and being rele- to your colleagues. gated to trading on the Pink Sheets. The move by the Camarillo-based company makes its stock more attractive to investors as the tradability improves. Vitesse started trading on the NASDAQ Global Market on March 2. In the first week the company’s ACCESS ONLINE TOOLS shares dropped by $0.20. Spokesperson Ronda Grech refused to make a ► company representative available but in a prepared statement CEO Chris Gardner said the listing was a Click on article headlines to see the online new beginning for the company. “With the passage of this important milestone, version of the story. Perfect for when you want Please see VITESSE page 37 to share stories with your colleagues.

PHOTO BY DAVID SPRAGUE SolarWorld Gets rk Goldston B

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o FOLLOW STORY JUMPS INSTANTLY B Vitesse: BackI on NASDAQ ► Continued from page 1 required quarterly earnings statements. At the Don’t get lost while reading a story. time, Vitesse was among a number of compa- Vitesse is now positioned to fully capitalize on nies being investigated by the U.S. Securities our growth opportunities and to expand our and Exchange Commission for backdating of By simply clicking on the story jumps, you will Wall Street sponsorship,” Gardner said in the stock options. statement. Former CEO Louis R. Tomasetta, former Quinn Bolton, an analyst with Needham Chief Financial Officer Yatin Mody, and be transported to the rest of the story. & Co., agreed that returning to the NASDAQ Eugene F. Hovanec, a former executive vice was a big deal as the ability for institutional president were fired from the company in the Need to go back to the beginning? investors to buy and sell on the Pink Sheets spring of 2006. Gardner became chief execu- can be poor. The NASDAQ, he added, is a tive in May of that year. muchP more liquid market. Last December, the SEC filed civil fraud Click on the “continued from” text to start over. Investors on the buy side and the brokers charges against Tomasetta, Mody, Hovanec and dealers on the sell side are more likely to and former manager and Director of Finance pay more attention to Vitesse. During the peri- Nicole Kaplan. Vitesse settled the fraud case od the company was on the Pink Sheets, a firm with the SEC by paying a $3 million civil like Needham did not give much thought to penalty. making trades on Vitesse shares, Bolton said. Tomasetta and Hovanec were also separate- “Just the tradability and liquidity of the ly charged by the U.S. Attorney’s office in shares is a big improvement for the company,” New York with criminal charges. Bolton said. During the period of delisting Vitesse fol- The delisting from NASDAQ took place in lowed two parallel paths. June 2006 after the company failed to file One was running the business itself; devel-

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IFC April 11, 2011 SAN FERNANDO VALLEY BUSINESS JOURNAL $3.00 VOL. 16 NO. 8 April 11 - 24, 2011 www.sfvbj.com 2 April 11, 2011 SAN FERNANDO VALLEY BUSINESS JOURNAL $3.00 VOL. 16 NO. 8 April 11 - 24, 2011 www.sfvbj.com SAN FERNANDO VALLEY BUSINESS JOURNAL UP FRONT April 11, 2011 3 4 April 11, 2011 UP FRONT SAN FERNANDO VALLEY BUSINESS JOURNAL SAN FERNANDO VALLEY BUSINESS JOURNAL UP FRONT April 11, 2011 5 U.S. Bank’s New Branch Focuses on Northeast Valley N. Hollywood Company Finds Space in Simi Valley Owner Changes Lindero Country Club Business Model APRIL 11 - 24, 2011 VOLUME 16, NUMBER 8 LENDING: Panorama City lope, Conejo, Simi and Santa Clarita valleys. DISTRIBUTOR: Firm fails to by representatives from the city and the Simi During peak times, that number rises to 6,000 facility designed to be resource Friedman said U.S. Bank’s focus to expand obtain adequate site in Santa Valley Chamber of Commerce who were given ENTERTAINMENT EARTH packages a day. HOSPITALITY: Proprietor community that we would like to have partner- COMMERCIAL REAL ESTATE BROKERAGE FIRMS locally is based on the need for accessibility. a tour by Aaron Labowitz, who co-owns the Walking through the warehouse with the ships for on an ongoing basis,” Smith said. Up “I think in order to be considered a bank business with his brother, Jason, who serves as FOUNDERS: Aaron and Jason Labowitz city and chamber officials, Labowitz praised widens access to public. So far, companies such as Dole Food Co., THE LIST for neighborhood’s small firms. that’s really serving the community, you have Clarita, San Fernando valleys. president. the spaciousness. Ranked by total value of deals in the greater San Fernando Valley area in 2010 Tutor Perini Widens National Presence With Purchase U.S. Bank YEAR STARTED: 1996 Merrill Lynch and Mosaic Marketing Part- Front By JESSICA VERNABE to be where the people are,” he said. “We’re By MARK R. MADLER Staff Reporter “This for us is just exciting, lots of space,” “One of the hardest things to get in North By JESSICA VERNABE Staff Reporter ners LLC have already held functions there, Staff Reporter BUSINESS: BUILDING: Southeast “The entire U.S. construction busi- of Anderson Companies, the privately- million, fiscal year 2010 revenues of PARENT COMPANY: slowly but surely getting better in terms of Labowitz said, his voice echoing in the future Distributes collectibles based Hollywood is high ceilings,” Labowitz said. along with various non-profit groups. U.S. Bank’s recent opening of a branch in being better able to serve our customers so that Collectibles distributor Entertainment warehouse. on television, film and comic book char- After extensive renovation, Lindero Coun- Chris Kolodziejski, president of Mosaic ness certainly has been through a diffi- held parent company of Roy Anderson about $287 million and average annual U.S. Bancorp Quieter location strategy boosts value. Panorama City helps satisfy the under-served no matter where they are in a metropolitan Earth Inc. will move to Simi Valley this sum- Less exciting for Los Angeles officials is acters. About 35 percent of sales are to try Club is reaching for a new identity as it Marketing Partners in Camarillo, said the food cult recession over the past couple of Corporation, Harrell Contracting revenues exceeding $400 million over TOTAL ASSETS: $308 billion By JESSICA VERNABE years, but it appears the Southeast mar- Group LLC and Brice Building Com- the last five years. It also has 600 financial needs of the northeast Valley. area, there’s going to be a bank that’s accessi- mer after a search for larger space in other hearing that another business is leaving to relo- individual consumers through the compa- There were other factors in favor of the markets itself more widely as a destination and service are what stood out. The bank branch, located at the corner of NUMBER OF NATIONWIDE ble to them.” areas failed to turn up a suitable site. cate to a neighboring city. Simi Valley building as well, better landscap- Staff Reporter ket is a little more active than probably pany LLC. employees. ny website and 65 percent to retail outlets. place for the public. Now that the country club has upgraded its Roscoe and Van Nuys boulevards, is right next BARNCHES: The company, which offers action figures Not that the brothers didn’t try to stay in ing for instance, and a quieter location. The When David Smith purchased the 70-acre visual appeal and amenities, Smith said golf other parts of the country right now. I Tutor Perini acquired all of Ander- The acquired company is headquar- 3,031 Community support Two dozen items are exclusive to the Tutor Perini Corp.’s purchase of think that has to do with more industrial son Companies’ stock for $64.6 million to the Panorama Mall and surrounded by and bobbleheads of television, movie and Los Angeles. North Hollywood site is adjacent to railroad Agoura Hills-based golf course facility in course membership is set to rise. The club will tered in Gulfport, Miss., with offices in NUMBER OF LOCAL BRANCHES: company Mississippi-based Anderson Companies activity, a little bit stronger housing and in cash, plus an amount to be deter- Birmingham, Ala.; Jackson, Miss.; New various strip malls. Local organizations have extended their comics characters, will more than double the Buildings in Chatsworth and Van Nuys tracks and under the flight path to Bob Hope 1994, it needed major fixing up. He renovated maintain its initiation fee of $750 and monthly gives the Sylmar construction firm a the movement of people,” said John mined based on the acquired company’s Orleans and Pensacola, Fla. The group The bank has been in operation since Feb. 52 support for the new branch, touting its bene- space it currently has in North Hollywood and were also considered, as was Valencia. But Airport in Burbank. the golf course, built a driving range and made use fee of $125 for a family, or for four corpo- Optimism about foothold in the Southeastern U.S., a Rogers, an equity research analyst for operating results for 2011 through 2013. of companies provide general contract- 7 but had its formal grand opening celebration NEWEST LOCAL BRANCH fits. receive other benefits not found at the current those locations would have limitations, such as City officials are pleased to see that a size- minor changes to the club. He also allowed the rate designees, until the first 100 new member- on March 15. “I believe it is going to bring jobs and a lit- location. not enough parking or not meeting the mini- and out of the warehouse. On an average day, able building that has been vacant for two commercial real region doing better than others in the D.A. Davidson & Co. But the value doesn’t end there. ing, design-build, preconstruction and Panorama City course to be open to the public, catering large- ships are sold. After that, the initiation fee will Months before the opening, branch manag- Entertainment Earth employees got a look mum number of loading docks (six) needed to the company ships out 1,000 packages a day to estate. country in the construction downturn, Tutor Perini announced on April 4 Anderson Companies has a backlog construction management services. tle bit of class to the neighborhood,” said Saul years has a new tenant. The building has been ly to families and offering membership on a likely increase by about $500 and the monthly er Stephani Velador and her staff passed out Mejia, the Panorama City Neighborhood at the new building on April 1 and were joined meet the volume of shipments coming in an its individual consumers and to retail shops. PAGE 16 industry analysts say. that it has acquired complete ownership of uncompleted work equal to $475 Please see TUTOR page 38 Please see SPACE page 9 lower-end price scale. fee will likely only increase slightly, Smith about 1,000 flyers and visited about 300 busi- Council’s commerce committee chairman. It wasn’t until years later that Smith decid- said. Renovation: Lindero Country Club uses improvements to draw new business. nesses in its surrounding area. He said the council is particularly pleased ed to build on this by creating a completely PHOTO BY DAVID SPRAGUE “We’re specifically trying to target the that the bank is willing to lend to small busi- new image for the club. Retail Dozens of New Page 10: Ted Moser at his enlarged Picture Car Warehouse business in Northridge. mom and pop businesses local to this office,” nesses and to educate them through classes. Smith has finally transformed the property, Velador said. “We have been, on a weekly the area’s business and resident density, the Location: The new branch is at the The council is currently in the process of try- corner of Roscoe and Van Nuys spending about $1.15 million on the upgrades Bankers Bulking Up ON THE COVER basis, talking to business owners. … Down the traffic flow and the prominence of the corner. ing to help the branch get past the city’s sig- at the club’s restaurant, banquet facility, Troop Buildup road, there are some industrials that we are “In terms of visibility, this was the most boulevards in Panorama City. nage regulations. Troop Buildup TECH: Acquisition by Digital Vision brings REAL ESTATE kitchen, patio, pool and tennis courts. While BofA Business Unit definitely going to start talking to, but right highly visible location, and so I think that gave “We’re trying to help them get a decent name change, new markets to entertainment CLIMATE: renovations were completed in August, the Activity has increased signifi- now, we just really want to expose ourselves to us the opportunity to make us iconic in addition to a dozen in-store branches. There sign that will match some of the other banks in club has just recently started more focused industry vendor with U.S. headquarters in cantly in the local commercial real estate the one-and-a-half-mile-radius of businesses in Panorama City,” said David Friedman,vice are also plans to open a new in-store branch in the area size-wise,” Mejia said. By JESSICA VERNABE Staff Reporter North Hollywood. marketing to the community. market in the past few months, according to our area.” president and district manager for U.S. Bank’s Porter Ranch. Other banks in the immediate area include “A year and a half ago, I made a decision BANKING: 16 Bank of America hiring spree is bringing Bank of America is hiring brokers...... Velador said she notices that the biggest Los Angeles north district and greater Los “Most of the branches that are now in the Chase, Wells Fargo, Union Bank and a to change the business model of Lindero need of local small businesses is greater cash Angeles coastal region. Valley have either come through acquisitions, Kaiser Federal Bank. dozens of new small-business bankers to dozens of new small business bankers in the ACTIVITY: Leases double for No. 1 broker. County Club,” Smith said. “I was looking to Athe San Fernando Valley region. San Fernando Valley region this year to 17 flow, and because of this her bank offers vari- Friedman said several locations were con- or they have come through opening stores in The VEDC has also supported the branch, become a destination for non-golfers.” improve its services for small companies. ous business loan programs. sidered in the northeast San Fernando Valley the grocery stores,” Friedman said. helping introduce its managerial team to busi- Instead of a restaurant that serves cheese- Top shopping Twenty-two bankers have already been hired FIRMS: 18 in the north and west portions of the San Fer- TOURISM: Ranked by number of brokers. ... The branch also plans to partner with the for the new branch, including sites in San Fer- In 2008, U.S. Bank acquired Mellon 1st nesses in the community. burgers and hot dogs and that is only open to centers making Viking River Cruises, which has Valley Economic Development Center, nando, Arleta and Lakeview Terrace. Business Bank,aswellasDowney Savings “When U.S. Bank announced that they nando Valley since January, and more hires are its U.S. headquarters in Woodland Hills, COLUMN: RealEstate...... 21 golfers, the club now features the Hideaway store changes. which will hold workshops at the bank office The new branch’s opening helps U.S. Bank and Loan Association. In 2009, it acquired were going to be opening a center in Panorama restaurant, which is open to the community PAGE 13 slated for surrounding communities by the end plans to build four new cruise ships as this to teach how to grow a small business. expand further into the San Fernando Valley. California National Bank. City, we totally jumped on it,” said Cynthia and offers a more elaborate menu. The restau- of the year. The bank expects to hire six new segment of the tourism industry heats up. THE LIST small business bankers in the Glendale-Burbank About three years ago, U.S. Bank only had U.S. Bank also has a presence in communi- Ibarra, the VEDC’s director of strategic part- rant’s former line cook was replaced by a CONSTRUCTION: Sylmar construction LARGEST SHOPPING Location, location a couple of traditional branch offices in the ties surrounding the San Fernando Valley. nerships. “It’s a huge commercial area and locally-acclaimed chef. area, three in the Conejo Valley, two in Simi Val- CENTERS: 12 People ley, two in the Santa Clarita Valley and one in company Tutor Perini Corp. has acquired ...... The branch location was chosen as U.S. San Fernando Valley, Friedman said. Now, Counting traditional and in-store branches, highly populated, so there was a need for addi- The kitchen has doubled in size, and on the Bank’s new northeast Valley office because of the Antelope Valley, according to Bank of Amer- Anderson Companies, improving its national SALES: Brighter 2011 seen...... 13 there are about 14 traditional branch offices in U.S. Bank also has about 26 sites in the Ante- tional banks.” patio, cabanas, new tiles and a pizza oven have ica officials. footprint by expanding into a new market. been added. The move is part of a much larger wave of COLUMNS & FEATURES New division hires for Bank of America, which plans to add UP FRONT ENTREPRENEUR: more than 1,000 new small business bankers EnBio takes care of The club has even launched a special events BANKING: nationwide. There have already been a total of U.S. Bank’s recently opened critical medical equipment we all take for division, which focuses on booking events such 8 When every decision matters, 110 hires in the greater Los Angeles area, which Panorama City branch is reaching out to granted...... The Law Firm as weddings, birthday parties and business is one of three markets to receive the first round local small businesses. The opening reflects a MADLER: Local manufacturers exhibit at trust experience. seminars for a couple hundred people. of new employees. The other markets include larger expansion effort by the bank in the the first ever AeroDef Expo and Conference Before the club makeover, the only events 3 Dallas and the Baltimore-Washington, DC area. Valley...... in Anaheim...... 14 that took place there were those occasionally Arthur Zenian put on by golfers, Smith said. About 85 percent of the Los Angeles-area’s DEVELOPMENT: Collectibles distributor ONLINE: gives peace of PHOTO BY DAVID SPRAGUE GoSave, an online mobile game "! " !! ! While the overall improvements consisted Entertainment Earth Inc. of North Holly- mind for hospital Please see BANK page 36 platform in which players rack up points for of some light construction, Smith said most of Meeting: Farah Payan of Woodland Hills Camera & Telescope meets with BofA’s Darin Fishman. wood will move to Simi Valley this summer equipment. discount cards...... 30 the changes involved new fixtures, such as fur- after a search for larger space in the San Fer- '" PAGE 8 4 GIVING COLUMN: ...... 35 niture, carpeting, lighting and decor. nando Valley failed to turn up a site...... $ " Another change includes a much larger VALLEY BIZ SEEN: Greater Valley HOSPITALITY: Lindero Country Club is #"! combined restaurant and banquet staff, which Acquisition Brings Viking Adding to River Cruise Fleet Business Events...... 33 has increased from about five employees to marketing its recently improved property to ! the public, making more amenities available about 40. TRAVEL: New ships part of firm’s ADVERTISING SUPPLEMENT " Name Change for business and social events. The club’s Part of Smith’s decision to change his busi- $250 million development effort. restaurant and banquet room were renovated, BANKING & FINANCE: ...... 23 ""# "' ! ness model was due to the fact that Lindero along with other areas...... 5 ' Country Club’s membership had been suffer- “As soon as I decided to pursue my own endeavors outside the family TECH: Vendor for entertainment By JO-ANN CUBELLO Contributing Reporter INVESTMENTS & FINANCE ! $" ing. Membership has dropped at the club by business, I knew I needed real world preparation, and Woodbury provided HOUSING: KB Homes will make solar about 50 percent over the past 10 years. expands into new industries. ! " #!"! it in a setting that I found ideal. Classes are small, professors are eager to With smooth sailing indicated for the overall indus- power systems a standard feature at select VALLEY STOCKWATCH: ...... 32 “I’ve seen the game of golf and the busi- help, and I connected with classmates to get an even broader perspective. By MARK R. MADLER Staff Reporter try, Woodland Hills-based Viking River Cruises will communities, including ones in Santa Clarita !"" ! ness of golf in the United States trend in the ! " #!"! build four new ships that will be launched next year – and Lancaster...... 6 COMMENTARY wrong way for at least five to seven years,” Entertainment technology vendor Digital Vision the first time since 2001 that the company has built CARS: & said Smith, who has been in the golf business “As part of my MBA program, I was able to go to Beijing, Shanghai, and Picture Car Warehouse completes its GOLDSTEIN OP-ED: 38 has changed its name and added new markets follow- that many vessels. move from downtown Los Angeles to a for- ...... EXPANDING for more than 30 years. “So, I realized the golf Hong Kong and gain insights about the global economy that I don’t think ing its acquisition of a software development and film The Viking Freya, Viking Idun, Viking Njord and 10 HUFFMAN COLUMN: 39 business model was broken.” I’d have been able to get anywhere else. So I’d say Woodbury’s MBAs vast mer Cadillac dealership in Northridge...... Reserve your seat today by calling digitizing firm. Viking Odin are the first of Viking’s Longships that curriculum is going to pay great dividends throughout my career.” HEALTH CARE: In an unusual move, more VICA COLUMN: ...... 39 '% TO BETTER CARE FOR YOU Business outreach The company, which has its U.S. headquarters in will be a new class of vessel that is marked by high- ϐ North Hollywood, will now be known as Image Sys- tech features. than 120 workers laid off by a vendor of !# ' #"!"' In recent months, Lindero Country Club 818.252.5224 Henry Mayo Newhall Memorial Hospital in headquartered in the western United States. More than 200 banks, Providence Holy Cross Medical Center is bringing new, modern facilities and services to the North San has been more actively reaching out to local Join us at an Information Session and learn how an MBA or Bachelors tems, the name of the Swedish company it recently The maritime architects Yran & Storbraaten, In The Next Issue """ "!"! or visit www.woodbury.edu/mba purchased. who were the team behind the Disney Dream and the Valencia are getting the chance to continue ǡ ǡ ǡϐ Fernando and Santa Clarita valleys. We’re adding a new Women’s Pavilion featuring a state-of-the-art NICU, non-profits, businesses and business groups. It degree from Woodbury University can accelerate your career and increase &!"" email us at [email protected] your earning potential. Both companies have the same technological back- Yachts of Seabourn, are designing the new ships, working at the Valencia-based health care THE LIST: institutions turn to us for tax, audit, and advisory services to help a new gastrointestinal lab, upgraded pharmacy and more private rooms for patients and their families. has hired a public relations company to help ground and have worked together in Sweden, where which are part of the newest phase of Viking’s $250 facility...... 11 Largest Hotels them reduce risk and grow their business. Discover why we’re more with getting the word out, and it is offering a Leisure: European destinations, such as Paris, ϐ ǤǯǤ 10 percent discount to businesses that book Please see IMAGE page 31 Please see VIKING page 30 are a mainstay for Viking River Cruises. events at the club in 2011. 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This newspaper is designed to inform decision-making executives, investors and managers on Kaveh Varjavand | (310) 295-3758 !(+,*),&!-* +#&))* 4TH ANNUAL the trends, the growth and the ideas important to commerce and industry in the San Fernando Correction Graduate Programs: -. , *! /-$) -- ($)$-.,.$*) 5 -. , *! ,")$3.$*)' ,-#$+ 11:30 AM - 1:30 PM Valley. Information in the San Fernando Valley Business Journal is gathered from sources con- Southern California Financial ( $() &$")*($ & PLEASE JOIN US FOR OUR OPEN HOUSE. sidered to be reliable, but the accuracy of this information cannot be guaranteed. Neither that work of the Valley’s Top CFOs CERTIFIED PUBLIC ACCOUNTANTS information nor any opinion which may be expressed here constitutes a solicitation for the pur- Services Practice Leader BUSINESS CONSULTANTS ) *+&,,+ 2 to 5 p.m., Saturday, April 16, 2011 A profile of Nicolas Ramirez in the “20 In Warner Center Marriott chase of sale of any securities. 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6 April 11, 2011 UP FRONT SAN FERNANDO VALLEY BUSINESS JOURNAL SAN FERNANDO VALLEY BUSINESS JOURNAL April 11, 2011 7 SAN FERNANDO VALLEY BUSINESS JOURNAL April 11, 2011 9 10 April 11, 2011 SAN FERNANDO VALLEY BUSINESS JOURNAL SAN FERNANDO VALLEY BUSINESS JOURNAL April 11, 2011 11 8 April 11, 2011 ENTREPRENEUR SAN FERNANDO VALLEY BUSINESS JOURNAL 12 April 11, 2011 SAN FERNANDO VALLEY BUSINESS JOURNAL Lancaster, Santa Clarita Part of KB Homes Solar Plan Space: Firm Finds Location Move to Valley Opens Opportunities for Car Company New Vendor at Hospital To Absorb Layoffs of Firm LARGEST SHOPPING CENTERS THE LIST Ranked by taxable sales in 2010 SUN: Faced with competition said. Continued from page 4 government and place they can grow and suc- AUTOS: On-location filming LABOR: KB Homes The basic solar system will produce 1.4 ceed,” Gabler added. Henry Mayo sets worldwide company. They do this at many, Integrated Support Solutions Inc. Layoff from resales, builder making kilowatt of power, or enough to reduce energy Hooked Up empty since Ronco, the company behind the Although Los Angeles has the reputation of added to Northridge operations requirements in new contract. many hospitals, so they have best practices." EXECUTIVE SUMMARY THE PACESETTER LIST – CORRECTION costs by 30 percent for a 1,800 to 2,000 square Ginsu Knife, non-stick cooking pans and other having a difficult business environment that Sodexo already has plans about some of Job Title Number of Employees: FOUNDED: his is the first year the Business available. The largest shopping center is solar systems standard feature. 1957 foot home. For an additional $5,000, the sys- products pitched by its founder Ron Popeil, was not a factor in why Entertainment Earth is of Picture Car Warehouse. By JESSICA VERNABE Staff Reporter the changes it will make once it starts work- Administrative assistant ...... 1 he No. 1 ranked shopping center Sears with other attractions being a In the List of the Largest HEADQUARTERS: ing with the hospital. Those include plans to Catering chef ...... 1 Journal has compiled the List of the the Northridge Fashion Center with in the greater San Fernando Valley selection of restaurants and a 10 Manufacturing Companies By MARK R. MADLER Staff Reporter Los Angeles tem can generate more kilowatts of power. relocated its distribution and manufacturing leaving the city, Aaron Labowitz said. By MARK R. MADLER T T operations. “If we wanted to continue our growth, we Staff Reporter More than 120 workers laid off by a ven- visually improve the employee and guest Cook ...... 5 Valley’s Largest Shopping Centers. $1.4 billion in taxable sales. The No. 2 area is Northridge Fashion Center screen movie theater. The mall is in the March 28 issue, Neu- AREA COMMUNITIES: Ascent at Warner Cen- Firm Services Critical Medical Devices We All Take for Granted KB Homes is enticing homebuyers with Tax credit The city and the Labowitzes have been in needed more space,” he said. dor of Henry Mayo Newhall Memorial cafeteria, improve traffic flow, change the Diet clerk...... 4 These facilities are malls or outlets, ranked shopping center is Westfield with the most in taxable sales and sec- involved with the local community, traderm Inc.’s description of lower energy costs by offering homes with ter, Woodland Hills; Echo Pointe and Echo Homeowners will also benefit with a tax contact for about six months on their interest The two buildings the company currently Having moved all its operations to North- Hospital are getting the chance to continue food offerings and add a coffee cart bistro. It Dishwasher/host ...... 2 both indoor and outdoor that offer Topanga in Woodland Hills, which is ond largest in square footage. Opened participating in charities like Habitat services should have read solar power systems as a standard feature in Ridge, Santa Clarita; La Vista at the Col- credit that will cover 30 percent of the cost of to move. Now that it is going to happen, the uses adds up to about 30,000 square feet. The ridge from downtown Los Angeles, Picture working at the Valencia-based health care also plans to implement its branded ordering EVS hospitality aide (Housekeeping)...... 67 retail, restaurants and other forms of physically larger than Northridge Fash- in 1971, it was damaged by the 1994 for Humanity and offering a Kid’s “Technology based skin care select Southern California communities, lections, Palmdale; Alamosa, Lancaster; the system, which Ruffner valued at about city will do what it needs to make the transi- new building is 65,000 square feet, most of it Car Warehouse is all revved up and ready for facility. concept called Expressly For You. EVS lead...... 2 entertainment. The shopping centers ion Center by 190,000 square feet. The Northridge earthquake and renovated Club for children ages 1-8. It is man- manufacturer for major the cameras. including ones in Lancaster and the Santa Arroyo, Lancaster; Madeline Court, Palm- $7,500. tion go smoothly such as expediting permits in the warehouse. Office space totals about When the hospital decided to end its con- "For the patients, we're going to move to a Floor care...... 1 were ranked by taxable sales for 2010, oldest shopping center here is Janss in 1995 and again in 1998. The mall aged by General Growth Properties domestic and international After five years at L.A. Center Studios, tract with Integrated Support Solutions same-day menu so that we will have a hostess Clarita Valley. If providing the solar systems as a standard for interior changes. 15,000 square feet but a small percentage of Food service lead ...... 1 with each one’s square footage, number Marketplace in Thousand Oaks, opened brands worldwide”. dale; Bedford and Sedona II at Terreno founder and owner Ted Moser relocated his Inc.,orISSI, for food, housekeeping and features over 170 stores with its major which also operates the Glendale The homebuilder is taking this step to bet- feature is well received in the initial communi- “That is one less thing they have to worry that will be leased to outside businesses, actually take the order," Diamond-De La of tenants and stores presented where in 1960. – By Josh Dausch Vista, Lancaster. collection of some 700 vehicles to a former maintenance services, the Van Nuys-based Mata said, adding that the order would be Food service worker ...... 27 anchors being Macy’s, JC Penny and Galleria. –ByJoshDausch ter compete with homes being offered at resale ties, KB would consider expanding it to more, about,” said Brian Gabler, an assistant city Labowitz said. Food service worker/cashier...... 2 and produce sales in a climate where home SOLAR PROGRAM: A 1.4 kw solar system Ruffner said. manager and director of economic develop- The move is expected to be completed by Cadillac dealership on Reseda Boulevard company notified 128 workers at the site last taken at patients’ bedsides a couple of hours Rank Shopping Center Taxable Sales Gross Leasable Number of Stores Major Tenants Profile Center Manager where there was more space to store the cars, month that they would be laid off in May. before meal time. "It's kind of like a restau- Maintenance engineer ...... 9 name 2010 Area management company name purchases remain weak. will be standard feature at homes in KB President and CEO Jeffrey Mezger,in ment. July 1 just as sales begin to pick up and Enter- (in sq. ft.) trucks and motorcycles and for the staff to However, through requirements set by the rant style. … This really helps to drive patient Painter...... 1 address year opened phone KB has partnered with SunPower Corp. to Arroyo, Echo Pointe and Echo Ridge. a prepared statement when first quarter earn- The move by Entertainment Earth is more tainment Earth prepares for its annual appear- website work their magic on transforming the vehicles hospital in its new vendor contract, incoming satisfaction, as well as nursing satisfaction, in Power plant engineer ...... 5 provide the solar panels and other equipment ings were released on April 5, included sus- good news for a city that has seen other reloca- ance at Comic-Con International in San Diego. Co-owners: Jason, left and Aaron Labowitz of Entertainment Earth. 1 Northridge Fashion Center $1,376,835,473 1,440,000 170 Macy's, JCPenney, Sears, the Apple Store General Growth Properties Daniyel Gordon for use in television shows, feature films, com- company Sodexo Inc. will be hiring all the the hospitals.” Source: California’s Worker Adjustment and Retraining Notification (WARN) 9301 Tampa Ave. 1971 General Manager for the homes. In addition, the builder includes tainability initiatives as one of the ways the tions within recent months from both new and Northridge 91324 northridgefashioncenter.com (818) 885-9700 in every home an Energy Performance Guide no better, with a 9.6 percent drop, according to power and LED lights. company is differentiating itself during a down existing businesses. mercials and still photo shoots. hourly workers from the former contract – or similar to the miles per gallon information for the National Association of Realtors. The city took the role of matchmaker to market. Within the maintenance bays, vehicles get at least the ones that pass background checks 2 Westfield Topanga $1,221,986,516 1,630,000 279 Macy's, Neiman Marcus, Sears, Target, Westfield Group Erik Klafter modified by addition or subtraction. That and drug screens. The hiring process will be 6600 Topanga Blvd. Nordstrom 1964 General Manager new cars that can show what energy costs will Despite the gloomy picture, KB opened make that happen, and waived its development For the quarter ending Feb. 28, KB report- Other moves Canoga Park 91303 westfield.com/topanga (818) 594-8732 be. this month the Arroyo community of 90 homes fees for the model home with the system and ed a net loss of $114.5 million, or $1.49 per Both Tim-Co and Pharmaceutic Litho & could be a new color, a different kind of completed this month. engine, or a second pedal to operate the rear "We've honored their years of service with Sherman Oaks Galleria $754,399,520 300,000 23 ArcLight Cinemas, DSW, The Cheesecake Douglas Emmett Ashley Nazarian “We are so far ahead we can show the cost in Lancaster and Echo Pointe and Echo Ridge the four homes offered to buyers. For KB to diluted share, on revenues of $196.9 million. Label moved from Chatsworth in recent 3 15301-15303 Ventura Blvd. Factory, 24hr Fitness 1980 Property Manager on a sticker on every model,” said Steve with a combined 220 homes in Santa Clarita. partner with BYD, it had to be assured that the That is a wider loss when compared to the months. You Rock Digital relocated from brakes. their current employer," said Roseanne Dia- Sherman Oaks 91403 shermanoaksgalleria.com (818) 382-4100 “We undo what the computer tries to do,” mond-De La Mata, sales director at Sodexo's Ruffner, Southern California division presi- These communities join ones in ChulaVista, additional cost of the energy efficient homes same period a year when the company report- Irvine. In March, there were three existing 4 Westfield Fashion Square $625,775,025 845,312 229 Bloomingdale's, Macy's, Westfield Group Shanna Coburn businesses that moved to larger locations to Moser said. PHOTO BY DAVID SPRAGUE San Diego office. The company is based in 14006 Riverside Dr. 1962 General Manager dent with KB. “What this does is ranks us Eastvale and Temecula offering the standard would not be passed on to the buyers. ed a net loss of $54.7 million, or $.71 per dilut- Sherman Oaks 91423 westfield.com/fashionsquare (310) 478-4456 against other new homes and used homes.” solar equipment. By choosing SunPower to provide the solar ed share, on revenues of $264 million. accommodate their growth, Gabler said. Recent projects that Moser has supplied Driven: Company founder Ted Moser with some of the cars his firm provides for work in films, TV shows and other shoots. Gaithersburg, Md. "We're honoring everyone's KB has offered solar equipment as an systems, KB went with a company well expe- Contributing to the poor quarter was a These businesses come for and then stay vehicles for are “The Lincoln Lawyer,” “The rate of pay also, and most importantly, they 5 Glendale Galleria $472,400,000 1,500,000 250 Nordstrom, Macy's, JCPenney and Target General Growth Properties Chris Bilotto Several solar projects Town,” “The Runaways,” and the upcoming the help he has been giving us.” Foster said. took that knowledge and operated his business owners. will have health care benefits on day one, too." 2148 Glendale Galleria 1976 General Manager option on homes in California and Colorado rienced in alternative energy. In addition to $53.7 million charge and a loss on loan guar- TM for the attractive area Simi Valley has become, Glendale 91210 glendalegalleria.com (818) 246-6737 but to make it standard is, in Ruffner’s words, The abundant sunshine has drawn multiple having worked with other home builders, Sun- anty of $22.8 million related the bankruptcy of Gabler said. Do you have to reach out to your banker? “Fast 5.” Maybe Moser knows what transportation on the premise that he could prevent costly and The value is evident when doing a period The additional space at the new location coordinators need is because he was one once time-consuming errors when it came to the piece like “Mad Men” because the collectors Contract May 14 Camarillo Premium Outlets $362,000,000 454,091 182 Aeropostale, American Apparel, Banana Simon Property Group Brian Sikoff a game changer. solar projects to the Antelope Valley, with Lan- Power has also done projects with utilities, a Las Vegas project in which KB was a partial “We will entice business with a friendly 6 740 E. Ventura Blvd. Republic, Nautica, Nike, PacSun 1995 Marketing Residential home builders need whatever caster taking a lead in alternative energy pro- school districts, and major corporations. owner. Or is it the other way around? opened up opportunities for filming on site. In himself. His background in the industry is vehicles. treat their cars like a baby and are protective, Sodexo, which begins its contract with Camarillo 93010 premiumoutlets.com (805) 445-8250 advantage they can drum up to get potential duction. The city’s minor league baseball park In January, SunPower signed an agreement In its most recent earnings report, for the late March for instance, filming took place for what makes Picture Car Warehouse different Moser also took the wise course of sur- Foster said. Henry Mayo Newhall Memorial Hospital on a commercial and Picture Car Warehouse is May14,hastimedtheswitchsoastoavoid 7 Burbank Town Center $337,617,000 1,200,000 126 Macy’s, Sears, Sport Chalet, Bed Bath & Jones Lang LaSalle Mike Keurjian buyers to look at what they have to offer. installed an energy-efficient lighting system to deliver 711 megawatts of power to South- fourth quarter ending Jan. 2, SunPower had net from the few other vehicle vendors located in rounding himself with industry veterans. The crew at Picture Car Warehouse treats 201 East Magnolia Blvd. Beyond, AMC Theater 1991 General Manager burbanktowncenter.com (818) 566-8556 New home sales in February totaled powered by a solar array. Five more city facili- ern California Edison. Two solar arrays income of $152.3 million, or $1.44 per diluted EnBio: Nimble also where nine episodes of “Car Warriors” the Valley. Phil Fiori has been around movie making the vehicles they create and modify like per- inconveniences for the employees. Those Burbank 91502 were filmed in November for broadcast on the Ray Claridge was operating an auto repair for some 30 years and knew Moser from a formers because that is what they are to them. becoming employed by Sodexo will not expe- 250,000, according to figures from the U.S. ties will also have solar power. planned for near Rosamond in the Antelope share, on revenues of $937 million. For the 8 Burbank Empire Center $297,412,200 618,342 17 Target, Lowe's Home Improvement, Costco, The Zelman Development Co. Michele McKinnie Continued from page 8 Speed channel. Each episode tracks two teams shop in the mid-1970s when he got into sup- project they both worked on. He joined Picture These are characters with two or four wheels, rience any disturbances in their work or pay 1800 Empire Ave. Great Indoors, Marshall's, Best Buy, Sportmart, 2001 General Manager Commerce Department. That is a 17 percent Last year, KB and Chinese manufacturer Valley will be operational in 2016. same period a year ago, the company reported Introducing Instant Storefront, an all-new e-commerce solution for small business owners that gives Burbank 91504 Michaels, Staples na (714) 996-6428 drop from January and a 28 percent decrease BYD Corp. teamed up to offer a solar power “We got a price and value from SunPower net income of $8.5 million, or $0.per diluted in a competition to build a car in 72 hours. plying picture cars that grew into Cinema Car Warehouse two and a half years ago and is a snazzy paint job, and a powerful engine. schedules. from February 2010. Existing home sales were system that included a battery to store the that is the best value per kilowatt,” Ruffner share, on revenues of $547.9 million. you everything you need to sell products¹ online. Best of all, customer payments are deposited into your major business decision. The rentals, however, remain the core of Vehicle Services in North Hollywood, the responsible for commercial work and building “The cars for us are the actors,” said Billy Hospital officials say keeping the workers 9 Westfield Promenade $271,485,534 613,490 50 AMC Theaters, Barnes & Noble, Dick's Sporting Westfield Group Richard Chung . So you can reach more customers and² keep yourchase.com/StoreFront cash flow, the business. GhostLight on staff is going to benefit both the employees 6100 Topanga Canyon Blvd. Goods 1973 General Manager . Visit Zenian has built into enBio a sense of com- largest of the vehicle vendors. ( up the inventory of third-party vehicles from Hammon, a partner with Moser. “They are the Woodland Hills 91367 westfield.com/topanga/ (818) 594-8732 checking account the very next day munity and pride about what they deliver, Duke Foster considers what Moser and Industries in the City of San Fernando rounds bicycles to airplanes whose owners will make soul of everything we do.” and the hospital. promenade Picture Car Warehouse offers as indispensable out the trio of such businesses.) available for filming. Hammon is another long-time industry vet- "It’s great that we were able to absorb all 10 Panorama Mall $263,683,368 324,959 50 Wal-Mart, La Curacao, GNC, GameStop, Macerich Real Estate Co. Ron Collins flowing. Act now and pay no set-up costs plus get a $100 cash bonus Bernstein said. 8401 Van Nuys Boulevard RadioShack 1980 Property Manager “The clients see his products as high quali- to his position as transportation coordinator for “If we cannot create the car here we will eran, one whose connections helped bring of those employees that normally would have Van Nuys 91402 panoramamall.com (818) 894-9258 the AMC series “Mad Men.” Personal collection find it from an outside source,” Fiori said. PCW to Northridge. Hammon had worked been laid off," said Jonathan Miller, the hos- to get started. ty and it stems from his meticulous nature,” 11 The Oaks Shopping Center $249,839,400 1,034,267 180 Apple, Nordstrom, Macy's, JCPenney, J. Crew, Macerich Julia Ladd Bernstein said. Creator Matthew Weiner is a stickler for Moser’s personal collection of 25 cars was with the Rydell dealership chain in the past pital's vice president of ancillary and support 222 W Hillcrest Dr. Pottery Barn, Forever 21 1978 Sr. Property Manager Protective of cars Thousand Oaks 91360 shoptheoaksmall.com (805) 495-2032 That meticulousness, plus having been authenticity and accuracy and Moser meets the the original inventory when he started out in and used that connection to land the deal to services, adding that the practice is not the Just point and click to add products, burned by previous business partners, con- challenge even for the vehicle interiors and 2002 to compete against Cinema Vehicle Serv- That is another way that Moser & Co. take over the former Cadillac store. norm in vendor contract changes. "They know 12 Westfield Valencia Town Center $222,322,400 851,449 221 JCPenney, Macy's, Sears Westfield Group Raj Chandani lling. materials that may not make it on camera, Fos- ices, which had long been the main provider proves indispensable to the transportation Since moving to Northridge, the inventory our physicians, our staff, they know some of 24201 W. Valencia Blvd. 1992 General Manager update pricing and start se tributes to what Zenian admits as a weakness Valencia 91355 westfield.com/valencia (310) 478-4456 in the business world – not delegating duties to ter said. for film and TV work. coordinators like Foster. There is one point has proven to be so large that two satellite sites our patients. ... We're a stand-alone communi- Then get paid faster. “The Emmys we have won is indicative of Having been part of a filming crew, Moser person making arrangements with the private were procured for storage. ty hospital, so we like to think of ourselves Antelope Valley Mall $201,490,100 1,001,000 140 Macy's, JC Penney, Sears, Forever 21 ForestCity Enterprises Scott Cummings others. 13 1233 Rancho Vista Blvd. 1990 General Manager As the chief executive at enBio he wears sort of as a family." Palmdale 93551 av-mall.com (661) 266-9150 many hats but that is changing. Retreats with Despite the plan to switch employees from PHOTO BY DAVID SPRAGUE 14 Calabasas Commons $199,781,700 200,000 33 Ralph's Grocery Store, Barnes & Nobles, Caruso Management Company Nate Smith the executive team have included a close look one company to the other, ISSI is still prepar- 4799 Commons Way Williams-Sonoma 1998 General Manager Caretaker: Arthur Zenian, CEO of enBio, with an anesthesiology machine. Zenian’s company makes sure such equipment stays in tip-top shape at medical facilities. at titles and job descriptions that take him out Hirings, promotions ing its soon-to-be laid-off employees for pos- Calabasas 91302 shopcommons.com (818) 222-3444 sible unemployment. of the day-to-day decision making to focus on and special accomplishments Simi Valley Town Center $169,466,100 612,000 93 Macy's, Apple Store, Coldwater Creek, California Alberta Development Partners Greg Lenners "We have representatives from the 15 1555 Simi Town Ctr. Way Pizza Kitchen, Forever XXI, Urban Outfitters, 2005 General Manager By MARK R. MADLER Staff Reporter Among the facilities enBio works with are her on board is better than having a real part- the bigger picture of where the company is PEOPLE ON THE MOVE in local business Victoria’s Secret simivalleytc.com (805) 581-1430 Simi Valley 93065 facilities operated by Promise Healthcare enBio ner and one of the best decisions he has made, going. (Employment Development Department), ith the addition in March of a hospi- Corp., Kaiser Permanente, and smaller ones Zenian said. “I am getting better at it,” Zenian said of from the Santa Clarita WorkSource Center 16 Camarillo Town Center $136,000,000 347,864 24 Petco, Pier One Imports, Staples, Target, Ross, Investec Management Corp. David Beaumont GRAPHICS AND PRINTING and from other local community organiza- 163 W Ventura Blvd. Home Depot 1997 Manager tal in Bakersfield to its client list, such as Silver Lake Medical Center, and FOUNDED: 2008 As the service enBio provides is a combi- delegating. MEDIA AND COMMUNICATIONS ACCOUNTING Camarillo 93010 na (805) 854-8300 tions that assist with training and job place- biomed services provider enBio con- Good Samaritan Hospital in Bakersfield. REVENUES IN 2008: nation of technical skills and customer service Lisa B. Singelyn W $2.3 million Sylmar-based graphics and The Americana at Brand $119,100,000 475,000 68 Pacific Theaters, Barnes & Nobles, Guess, Caruso Management Company Jackie Levy ment coming out to meet with the staff within tinues to pursue a growth strategy that its Negotiations are ongoing for enBio to provide skills, Connor’s background in the hospitality Bigger picture William F.Wolf 17 American Eagle Outfitters, Rite Aid 2008 Sr. General Manager REVENUES IN 2009/2010: Director of Social Media, printing services has been in 300 S Brand Blvd founder hopes will eventually get the company its services in the Dallas region, a first step to $5.3 million industry comes in use. The bigger picture taking Zenian’s time Communications Managing Partner, Sherman Oaks the next couple of weeks to (inform them of) Glendale 91204 americanaatbrand.com (818) 637-8982 operation since 2001. In March, known nationwide. expanding outside the western states. EMPLOYEES (2011): Having worked at both big and small com- now is how to get enBio into other markets their rights to unemployment and different 30 Burbank-based Counterintuity LLC, Imagination Works was chosen 18 Glendale Fashion Center $86,900,000 264,000 NA TJ Max, Nordstrom Rack, Ralphs, Staples Vestar Development Co. Jeff Lochner As much as Arthur Zenian wants his panies, the work environment of a mid-size firm outside of those in California, Nevada, Alaska, You want a financial specialist who understands your world. A proven banking expert with a solid track record of Squar Milner, CPA’s, is excited to services," said Tamara Ehrlich, manager of 233 N Glendale Ave. 1966 Sr. Construction Manager a full service marketing, social media, to be the graphics and printing Glendale 91206 na (562) 938-1722 company to grow – he’s eyeing 25 percent to Benefits of outsourcing the size of enBio combines the best of both. and Hawaii. Getting the account in Dallas ® open its Sherman Oaks office with people services for ISSI. helping businesses realize their financial goals. When you team with Union Bank, you’ll experience a more personal design and communications agency, company for Boeing (Sylmar), 30 percent annually – he wants to do it at a Outsourcing the maintenance and repair is that he started it on his own after having had “It has the professionalism of a corporation would be a start. William F.Wolf as the Managing The company has also already made posi- Janss Marketplace $61,222,300 660,000 38 Burlington Coat Factory, Marshalls, Gold's Gym, NewMark Merrill Heaher Danko banking relationship centered around your needs. Our relationship managers will put their knowledge and expertise named Lisa Bolton Singelyn as Director Anthony International, Hollywood 19 Toys 'R Us 1960 Marketing reasonable pace. services is a cost-cutting measure for health business partners in the other ventures. Those yet the feel of a small company,” Connor said. Going after those accounts, however, Partner. On March 1, 2011, Bill joined tions available in its other divisions to some 275 N Moorpark Rd. East to work to help streamline your treasury management operations and maximize profitability. So now a stronger of Social Media and Communications. Rentals, Pit Bull Energy Drink, Thousand Oaks 91360 janssmarketplace.net (805) 495-4662 Zenian employs 30 people but at the Bur- care facilities by not having to hire extra staff to experiences with Strategic Clinical Engineer- (Both Connor and Zenian are Burbank means going up against some big competition. Squar Milner and brought his tax and employees affected by the contract change. Singelyn will be responsible for and Keller Williams North Valley. As our clients’ needs bank headquarters there is only he and two do the work, buy expensive testing equipment, ing and Binovia left Zenian hesitant to try to natives and went to rival high schools where GE Healthcare and the health care divi- banking relationship is well within your reach. Lisa Singelyn accounting practice from White Those employees were not included in the 20 River Oaks Shopping Center $52,116,300 284,228 20 Target, Wells Fargo Bank, Big 5, Mimi’s Cafe CB Richard Ellis Gregory Whitney executing social media initiatives and Bill Wolf change constantly, Imagination Works has adapted to the Magic Mountain & McBean Pk. 1986 Leasing others. The rest are scattered in the western and purchase additional insurance coverage. go that route again. sion of Philips also provide biomed services. Zuckerman, consisting of 12 profes- count of 128 laid-off workers, and Ehrlich Valencia 91355 cbre.com (310) 765-2594 they played sports, Connor on the volleyball teams for Counterintuity clients across all online platforms. latest technology in litho, digital and online marketing disci- U.S., based out of the health care facilities at With medical facilities not making new From the Binovia experience at least, the team and Zenian in water polo.) As does ARAMARK, which in March With Union Bank, the world can be an easy place to do business. Call us today. sionals and over 500 clients. Bill is experienced delivering said she could not disclose how many addi- In addition, she will manage firm communications, oversee- plines. tional workers were included in the contract. The Promenade at Westlake $48,100,300 210,210 31 M. Fredric, Mann Village 8, Barnes & Nobles, Caruso Management Company Nate Smith which they maintain and repair equipment equipment purchases it becomes all the more acquired Masterplan, the company that a broad array of tax and accounting services to business 21 100 Promenade Way Restoration Hardware 1996 General Manager expectations of a business partner never mate- ing messaging content, process and systems. By investing in eco-friendly technology, friendly paper used on patients. important to keep what they do have in top rialized. The missing piece was having some- Combining interests absorbed Cohr Inc., Zenian’s one-time Commercial Banking: Commercial Treasury Services: Business Banking: enterprises and high net worth individuals. He also serves Westlake Village 91362 shoppromenade.com (818) 637-8923 With two decades of experience in communications, goods and inks, Imagination Works is being responsible in Four bidders Need a QR reader? What enBio brings is peace of mind that Scott Connella Diane Williams, CTP William Schleifer as a litigation consultant in tax and accounting matters and Lancaster Town Center $39,310,500 550,000 7 Lowe's, WinCo Foods, Chilis, Rubio's CB Richard Ellis Vince Roche condition. one who was willing to give their all and have Getting into the biomed industry was a way employer. she has produced publicity and social media campaigns for doing its part to help the environment. "Its an investment 22 Download one for free at the equipment – ventilators, infusion pumps, Zenian has been the biomed services skills complementary to Zenian’s. for Zenian to combine two interests: being a With its small size and 30 employees, Executive Vice President Senior Vice President Vice President performs fraud investigations. Bill was formerly a partner at The vendor change came after nearly 12 Ave. K & W. 10th St. NA Property Manager Fortune 500 companies, major non-profits, family-run we need to make to be competitive, and to hire the right Lancaster 93534 na (661) 633-3817 your device’s app store. 213-236-4275 213-236-5085 213-236-6861 PricewaterhouseCoopers. Through its Sherman Oaks years of service with ISSI, a medium-sized imagers, and the like – are in working order provider to Promise Hospital, East Los Ange- After his partner relocated to Nebraska, the doctor and electronics. enBio can be nimble and quick in responding businesses, celebrities and more. skilled designers to have the competitive edge and to meet and get regular preventative maintenance. For les for about seven years. Administrative cost of keeping his piece of the business going His first job at Cohr Inc., based in to the needs of the clients. There is no large office, Squar Milner will expand its tax and accounting company that provides similar services for 23 Canyon Center $33,929,100 230,000 45 TJ Max, Big Lots, Dollar Tree, Auto Zone, Wells FCM Management Co., LLC Andrew Garcia Scan this QR code to learn more about Instant Storefront. “Lisa’s strong background in writing, paired with her deadlines" - Edward Campos. other hospitals of comparable size to Henry 19307-19435 Soledad Canyon Rd. Fargo Bank 2002 General Manager the hospitals and surgery centers this is needed Director Lauren Troxel has a direct line to became more costly while at the same time Chatsworth, was where he learned the techni- legal department to go through, for example, if services to Los Angeles middle market companies and Santa Clarita 91351 canyon-center.com (818) 385-1777 to keep their accreditation, while for the him whenever there is an emergency. clients looked elsewhere for the same services. cal and equipment side of the business. Day- changes are made to a contract. extensive experience in deploying social media marketing high net worth individuals. Mayo Newhall Memorial Hospital, primarily platforms to build engagement, will help both our clients and For more information, videos, and case studies, log onto in California. Sodexo, a much larger compa- 24 Camarillo Village Square $26,000,000 242,808 NA Big 5 Sporting Goods, PetSmart, Chase Bank Donahue Schriber Chris Elliott 1. Next-day funding is available to new Chase Paymentech customers for Visa®, MasterCard® and Discover® card transactions only. Next-day funding is subject to merchant credit approval and all funds are subject to fraud monitoring. Qualifying funds are deposited on the next business patients it cuts down the risk of a life-threaten- “They are extremely responsive and dedi- (After the pair split, the partner kept the to-day operations, however, were learned by “We eliminate steps,” Zenian said. our agency reach new heights.” ImaginationWorks.org 2400 E. Las Posas Rd. 20001 Manager day, excluding weekends and bank holidays. ing malfunction. cated to getting the job done,” Troxel said. Binovia name and continued the company.) trial and error. The motivation behind how enBio operates ny, was one of four contract bidders. Camarillo 93010 na (714) 966-6483 2. $100 cash bonus will be deposited into a qualifying Chase Business Checking account within 60 business days after the initial merchant transaction has posted to the business checking account. Bonus contingent upon merchant’s credit approval and the execution of a Merchant "Eleven years is probably longer than most Application and Agreement with Chase Paymentech. Cash bonus is considered income and may be reportable on IRS Form 1099-Misc. Existing Chase Paymentech customers are not eligible for this offer. Offer expires June 30, 2011. After all, Zenian pointed out, how many “They are here every time we go through sur- After dispensing with a business partner, Zenian met Dennis Bernstein while earn- is to always keep moving forward and not let contracts of this type, so it was time for us to 25 The Plant $3,642,088 367,799 15 Home Depot, Babies "R" Us, Ross Dress for Selleck Development Daniel F. Selleck Merchant services provided by Paymentech, LLC (“Chase Paymentech”), a subsidiary of JPMorgan Chase Bank, N.A. Deposit products provided by JPMorgan Chase Bank, N.A. Member FDIC. Equal Opportunity Lender. Instant Storefront is a trademark of Chase Paymentech. patients give much thought to that machine vey (for accreditation) and anything needed Zenian now finds value in surrounding himself ing a degree in business and management at anything stop the company – from getting new People on the Move 7884 Van Nuys Boulevard Less, Michael's, Party City 1995 Owner ©2011 Union Bank, N.A. is the place to recognize deserving business professionals. look around and see what other vendors were Van Nuys 91402 na (805) 495-5400 © 2011 JPMorgan Chase & Co. they are hooked up to? from the surveyor’s perspective is met.” with good vice presidents. Woodbury University where Bernstein was clients, from serving those clients, and bring- Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG), out there and what they were offering," Miller “No one ever thinks about who services it, enBio marks the third biomed company Kara Connor has been with enBio since then an instructor. The two stay in touch with ing peace of mind. one of the world’s largest financial organizations. unionbank.com It features photos and brief bios on new professional promotions, new hires, awards and recognition. NA: Not Available na: Not Applicable WND: Would Not Disclose. The shopping centers were ranked To the best of our knowledge, this information is accurate as of press time. While every effort is made who maintains it,” Zenian said. Zenian has been involved with. 2008 but only last year was given the title of Zenian turning to Bernstein whenever facing a “That’s how we make health care happen,” said. "They (at Sodexo) just have the corporate by their total taxable sales revenue in 2010. In the case of a tie, the shopping centers were further to ensure the accuracy and thoroughness of the list, omissions and typographical errors sometimes infrastructure to offer very good service levels. ranked by gross leasable square footage. Information was provided by local city offices and the occur. Please send corrections or additions on company letterhead to the Research Department, San At enBio, that’s all they ever think about. What makes it different from the other two vice president of sales and operations. Having Please see page 9 Zenian said. “That is our tagline.” International Council of Shopping Centers. Sales figures for the Fallbrook Center and Universal City Fernando Valley Business Journal, 21600 Oxnard St., Suite 250, Woodland Hills 91367. ©2011 San Victoria Brown 818-676-1750 or [email protected] They have a lot of accounts, and they're a Walk were unavailable. Fernando Valley Business Journal. This list may not be reprinted in whole or in part without prior Contact to reserve your space written permission from the editor. Reprints are available from Wright's Reprints, (877) 652-5295 ext. 1 purchased by Donahue Schriber & remodeled 104 or e-mail [email protected]. Researched by Josh Dausch RhdbJhDh 13 14 15 16 17 18 19

SAN FERNANDO VALLEY BUSINESS JOURNAL THE LIST April 11, 2011 13 SAN FERNANDO VALLEY BUSINESS JOURNAL April 11, 2011 15 16 April 11, 2011 SAN FERNANDO VALLEY BUSINESS JOURNAL SAN FERNANDO VALLEY BUSINESS JOURNAL April 11, 2011 17 18 April 11, 2011 SAN FERNANDO VALLEY BUSINESS JOURNAL SAN FERNANDO VALLEY BUSINESS JOURNAL April 11, 2011 19 COMMERCIAL REAL ESTATE BROKERAGE FIRMS Valley-Area Shopping Centers CALIFORNIA FINANCIAL LITERACY Inaugural AeroDef Expo Draws Local Manufacturers providence health & services Commercial Real Estate Activity Has Picked Up Recently THE LIST Number of Stores Number of Local Leases Doubles for CB Richard Ellis Ranked by number of brokers in the greater Valley area in 2010 CONFERENCE for EDUCATORS Industry undergoing drew together about 8,000 registered attendees OFFICE: job growth is certainly a factor in the high 300 as well as prime contractors and suppliers for First part of 2011 vacancy numbers, but some submarkets have RANKING: Firm holds on to North/Ventura Inc. had the biggest increase 279 a transition as materials, supply PROVIDENCE MEDICAL CENTERS in total value of deals, adding more than $250 The Leaders Rank Company Brokers Total Value Sales Leases Services Offered Profile Top Local Executive BRINGING military and commercial aircraft and other has made brokers ‘cautiously unique challenges, according to brokers. For name SFV of Deals in Value of Sales '101/'091 Value of Leases '101/'091 (partial list) SFV/L.A. offices name 275 No. 1 spot but total value of million from the previous year. That bumped 2010 defense-related projects. About a dozen busi- instance, the 7.4 million Woodland Hills sub- $800 address L.A. County # of Sales '10/'09 # of Leases '10/'09 headquarters title chain and methods change. the firm up to second place in 2010 from its (in millions) 250 personal FINANCE education nesses came from the greater Valley region. optimistic’ about the future. market considered one of the more sought Valley-area deals declines. Total Value of Leases 2010 year founded phone 250 hen a company is selling parts to the Sean Scanlon was representing Supra after office markets has a high vacancy level, previous third-place position. NAI Capital $700 229 INTO CSSROOMS By JESSICA VERNABE moved from second place to third place. CB Richard Ellis, Inc. 72 $880 $209/$510 $671/$495 agency leasing, tenant representation, 1/7 Richard Bright 221 Department of Defense, Scott Wolf- Alloys Inc., a Camarillo metals supplier to the By KEELEY WEBSTER because LNR Property delivered the final Staff Reporter Total Value of Sales 2010 1 111 Universal Hollywood Dr. 204 63/91 842/420 investment, valuation, debt & equity finance, Los Angeles Sr. Managing Director 225 son wants to know about it. aerospace, medical device and Contributing Reporter 500,000 square foot segment of its 7-building Delphi Business Properties Inc. moved $600 Universal City, 91608 property and project management 1906 (818) 50-4389 W The region’s largest commercial real estate 182 That’s because Wolfson can sell that com- commercial/industrial markets. Providence Holy Cross Warner Center office campus in 2008 on spec up from 13th place to 10th. 200 180 www.calcpa.org/FLConference broker found that there was more activity in $500 pany laser equipment to make the required A good sign that manufacturers are produc- and In the first two months of this year, leasing and the building is 50 percent leased, Solomon NAI Capital 62 $337 $176/$211 $161/$314 acquisitions and dispositions, sublease, tenant 3/5 Michael A. Zugsmith Turn of the market 170 AEROSPACE leases than sales last year. 2 92 51/131 409/1,128 representation, lease administration and audit, Encino Chairman 175 identification numbers, or he can do the mark- ing again is when metal sales are up. Titanium activity and sales have ticked up enough to said. $400 16001 Ventura Blvd. #200 ing himself at his Reseda-based business, All- is a preferred metal in aircraft applications give even the most pessimistic commercial The size of the 7.4 million square foot CB Richard Ellis Inc. came out on top in Last year was a big year for Sherman Encino, 91436 investment services, due diligence 1979 (818) 905-2400 140 Mark R. Madler total value of deals (sales and leasing) in 2010. Oaks-based Lee & Associates-LA North/Ven- $670,570,730 150 THANK YOU TO OUR GENEROUS SPONSORS Marks. because it is non-corrosive and lightweight. Providence Tarzana Medical Centers real estate brokers reason to claim a “cautious- Woodland Hills market, most of which is the $300 126 It also was No. 1 in 2009. The firm tallied tura. Its total value in local deals jumped to Millions of Dollars Lee & Associates-LA North/ 56 $635 $358/$191 $277/$192 acquisition, disposition and leasing of office, 3/7 Mike Tingus Every part purchased by the Pentagon Expo: More than 8,000 attendees registered for AeroDef. “Medical has always been good and aero- ly optimistic” viewpoint. Warner Center development, helped slant the $209,418,772 $211,000,000 3 $880 million in deals in 2010. $635 million in 2010 from $383 the previous $200 $176,165,257 Ventura, Inc. 120 112/WND 588/WND industrial, retail, multifamily and investment Sherman Oaks President 125 needs to have a code identifying the supplier, a space is starting to pick up again,” Scanlon “We have done more leasing over the past vacancy rate upward, Solomon said. $160,718,129 93 CO–HOSTS While CB Richard Ellis was ahead of other year. Activity was up in both sales and leases. 15250 Ventura Blvd. #100 properties and land for development 1994 (818) 986-9800

part number and serial number. Anaheim Convention Center. the Society of Manufacturing Engineers. said. four months than we did over the last two “The vacancy rate on the 20 million square $102,000,000 Sherman Oaks, 91403 “They then can track the part over the life Wolfson and All-Marks were one of more With the SME limiting its Westec manufac- Tony Cortez was attending his first SME years,” said Todd Nathanson, president of feet we track in the San Fernando Valley is a firms in the Valley, its $880 million in local “The market started turning primarily due $100 100 $358,144,922 Marcus & Millichap Real Estate 47 $246 $246/$300 $0/$0 commercial real estate investment sales 1/4 John J. Kerin in Top Rankings by U.S. News & World Report deals was lower than the to there being some really great opportunities,” $5,515,000 $276,666,105

of the product,” Wolfson said, standing at the than 100 companies taking part in the inaugu- turing expo to every other year, AeroDef is the show to drum up business for his Camarillo Encino-based illi Commercial Real Estate, weighted average,” Solomon said. “If you con- $251,583,013 4 $1 billion it generated in said Mike Tingus, the firm’s president, adding $0 Investment Services 101 117/109 0/0 brokerage for all property types Encino President/CEO I captured the power of an idea 75 All-Marks booth on the exhibit floor at the ral AeroDef Expo and Conference put on by group’s main West Coast show for 2011. It shop, C&S Precision Machining. He already who specializes in retail leasing, management sider that Woodland Hills has 7.4 million 16830 Ventura Blvd. #352 1971 (818) 212-2700 does mostly aerospace work and came to and sales. “We noticed a correction a year and square feet – and the next largest submarket is THE 2009. Richard Bright, that he noticed the change in October of 2009. Encino, 91436 senior managing director “Companies (could) take advantage of the 50 AeroDef to make contacts that may bring in a half ago. Part of the correction was that our Encino at 3.5 million square feet. The Encino DAUM Commercial Real Estate 28 $242 $114/$80 $128/$110 industrial, office, retail leasing and sales, 3/5 Myles Helm At Providence, we’ve always known that our hospitals provide for the company’s Los fallingmarketandyouwereabletomove LaSalle 5 SPONSORS additional work after having experienced lean (landlord) clients came to terms with lower and Sherman Oaks submarkets have 15.5 per- LIST CB RichardEllis Inc. NAI Capital Jones Lang Services 80 80/53 478/404 investment property sales, property Los Angeles President Angeles North opera- locations, either buying a building or leasing a LA North/ management, tenant representation, market 1904 (818) 887-3600 0 years during the recession. quality, compassionate care to the communities we serve. And now lease rates.” PHOTO BY MARCIA LINDAHL cent and 15.8 percent vacancy rates (much 21860 Burbank Blvd. #175 1996-2011 tions, said the number of building, and then companies continued to do Lee & AssociatesVentura Inc. Woodland Hills, 91367 research and built a company around it. “I’m trying to find ways to bring the busi- Both the number of sales and the price each Warner Center: The Woodland Hills market still has challenges, brokers say. lower than the 20 percent average).” BeitlerRealty Commercial Services U.S. News & World Report has recognized Providence Holy Cross deals in 2010 was equal to pre-recession lev- the same thing in 2010,” Tingus said. 2 ness back to life,” Cortez said, standing at his deal is selling for have increased in North Los 6 Investment Real Estate 22 $203 $203/$129 $0 apartment, retail, office, industrial, land, 1/1 Raffi D. Krikorian modest exhibit, which included samples of the Angeles County and the Tri-cities of Burbank, uptick in October/November 2009,” said Mike Countrywide factor els, but transaction values were lower and Lee & Associates was able to close some Associates 22 26/19 2 investment property acquisitions and Encino President/CEO Burbank The overall vacancy rate for office in 0/0

Westfield and Providence Tarzana Medical Centers as among the top 50 Best dispositions; is not involved in leasing, tenant 1999 (818) 386-6888 The Oaks Camarillo there were fewer sales. large transactions last year, contributing to its cess to its market diversification. chose short-term lease extensions over new 16501 Ventura Blvd. #448

Simi Valley parts his company makes on its 10 CNC (com- Glendale and Pasadena, according to data from Tingus, president of Lee & Associates-LA greater Los Angeles was 18 percent in the The employers who created the most con- Northridge But the number of leases more than dou- big jump in value of deals. Encino-based NAI Capital was in third leases, Zugsmith said. Encino, 91436 representation or management of properties Town Center Town Center Town Center 15 YEARS OF BUSINESS EXCELLENCE puter numerical control) machines. Hospitals in the Los Angeles-Orange County metropolitan area. Real Capital Analytics. North/Ventura Inc. “We started seeing people fourth quarter, an 8.8 percent increase from the cern for office and industrial owners at the I’ve always been geared for CNC machines are also part of what Alan In the first two months of 2010, only two coming back into the market primarily on the bled to 842 in 2010 from 420 in 2009. Some of the largest transactions included place, with its 2010 total deal values declining Another notable mover on the 2010 list of Beitler Commercial Realty 21 $313 $102/$117 $211/$251 office, industrial, retail, tenant/landlord 1/4 Barry Beitler Fashion Center 16.6 percent vacancy rate posted in fourth height of the economic meltdown – Country- 7 Fashion Square “A better percentage of our activity came the sale of the 128,000-square-foot Creekside to $337 million from $526 million. The num- the largest commercial brokers is Delphi Busi- Services 82 WND/WND WND/WND representation, corporate services, lease Los Angeles President Premium Outlets Shopping Center Glendale Galleria Gottlieb does, except he is selling them rather deals totaling $14 million traded in North Los user side in industrial and office.” quarter 2009, according to a CB Richard Ellis wide Financial and Amgen – did not end up administration 1979 (818) 501-5001

Westfield Valencia 15165 Ventura Blvd. #310 WestfieldTopanga from the leasing side of the house while sales Executive Center, a business park in Camaril- bers of both sales and leases locally dropped ness Properties. The Van Nuys-based firm’s than operating one. Angeles County; but in the first two months of The uptick began with industrial, office, office market report. The San Fernando Valley putting as much space back on the market as Sherman Oaks, 91403 Antelope Valley Mall Of the 5,000 hospitals nationwide, U.S. News rankings recognize Machinery Resources International Inc. 2011, eight properties have traded hands for a then retail and halfway through 2010, multi- submarket experienced the area’s second high- originally expected, however. were less,” Bright said. “There was pent-up lo, for a reported $10.8 million; the sale of a by more than half. value of deals grew by nearly 70 percent, demand (for leases) and the deals were expir- 21.5-acre development site in Agoura Hills for Michael Zugsmith, the firm’s chairman, bringing in $124 million in 2010 compared to Delphi Business Properties, Inc. 15 $124 $77/$28 $53/$46 real estate sales, leasing, property 1/1 Ross W. Thomas in Woodland Hills values and resells manufac- 622 hospitals in or near major cities with a record of excellence in total of $164 million, the RCA data showed. family saw increased activity, said Tingus, est vacancy rate in fourth quarter 2010 hitting Countrywide owned 2.4 million square feet 8 15 35/18 259/211 management Van Nuys CEO ing and they had to get deals done, although a reported $8.6 million; the lease of a 313,142- said the decline was due to more growth $74 million in 2009. 7108 Hayvenhurst Ave. #211 success, but I never realized turing equipment, often getting it into the key medical specialties. In the greater Los Angeles/Orange County The first few months of 2010, were not who is projecting a four to five percent annual 20.8 percent, the report states. of office and industrial space in the San Fer- Van Nuys, 91406 1977 (818) 780-7878 Centers Add Stores, See PLATINUM SPONSOR The San Fernando Valley Business Journal celebrates its 15th hands of the buyer sooner than if purchased quite so anemic in the Tri-cities area, where rental increase on apartments, because of the “It’s not surprising considering we are nando Valley and Conejo Valley when Bank of they were shorter-term deals.” square-foot industrial building in Van Nuys for occurring in its “suburban” markets, or in the “I guess we had an increase in number of Bright said he expects both sales and leas- lessor Superior Industries International; and Inland Empire and in Orange County, than in larger transactions within the firm, but the year in publishing with an evening reception recognizing Valley new. area, Providence Holy Cross Medical Center tied at number 18 and the sales total was $99.4 million for the 11 difficulty of getting into a home. coming out of the worst recession in most peo- America purchased the company. If Bank of 9 illi Commercial Real Estate 15 $34 $9/$3 $25/$6 leasing, management and sales of commercial 2/2 Todd Nathanson properties that traded hands, but in the first few ple’s lifetimes,” said David Solomon, a senior America had drastically reduced the size of its ing activity to increase in 2011. the sale of a 21,676-square-foot office and the San Fernando Valley. The firm also saw market is still very soft,” said Ross Thomas, 17547 Ventura Blvd. #304 3 4/2 88/75 retail property and tenant/landlord rep Encino President companies for their 15 years of business excellence. At this Providence Tarzana Medical Center tied at number 36. months of this year that number more than Giving back vice president in the Universal City office of operations by closing those offices or reducing CB Richard Ellis had 72 brokers in the San medical office building in Moorpark for a more deals occur outside of California. CEO of the brokerage firm. Encino, 91316 2007 (818) 501-2212 Return of Shopper Interest Fernando Valley in 2010, more than any other reported $7.48 million. Other factors that complicated the volume He also attributed the improvement to the how complicated it could be. event, companies and organizations in each of the 15 doubled at $267 million for 20 properties, the In the office leasing market, however, some CB Richard Ellis. “It is consistent with the the workforce – as often occurs following a previous year. There were also other perks. FOR MORE INFORMATION ‘They can track the RCA data showed. of the activity has been companies renewing at general overall economy.” buyout – it would have sent shockwaves local commercial brokerage firm listed for that of deals locally for NAI Capital were that fore- work of his brokers, and to the fact that his RETAIL: Mall executives Our commitment to providing ever-improving quality care to our patients and our communities is reﬂected by national year. Diversification closed properties failed to hit the market in the firm primarily focuses on industrial real estate “It was better for leasing longer-term deals contact Jill Gorman: [email protected] • (800) 922-5272 categories below will be recognized. part over the life of “For our company, we started to see an lower rates and giving back space, Tingus said. The general economic malaise and lack of Please see ACTIVITY page 38 than in 2009,” he said. “I think the consumer The No. 2 firm, Lee & Associates-LA Tingus also attributed the company’s suc- expected volume, and many local tenants in the San Fernando Valley. Continued on page 20 claim 2011 bringing higher confidence has gotten a little bit higher.” the product.’ recognition, such as U.S. News & World Report’s Best Hospitals rankings that place Providence in the company of the ﬁnest spending per customer visit. He added that there was also a return of healthcare facilities across the country. Our patients know that the compassionate care they receive at any of our Providence I need someone who knows luxury shoppers and higher spending per visit. People. Performance. Profits. LBWInsurance.com By JESSICA VERNABE Staff Reporter In 2010, the mall also added new retailers, ACHIEVE A DIGITAL PERSPECTIVE • Accounting • Transportation hospitals results from the professionalism, teamwork and dedication of every individual who takes part in their health care. At GOLD SPONSORS JUSTUST A FEW REASONSREASSONS which included Urban Outfitters, Anthro- (%0) '%62)+-) Attend This One Time Event: • Law • Technology Providence, we consider it an honor and privilege to be a part of the communities we serve. Changes in 2010 for the San Fernando Val- pologie,theAuto Gallery and Paul’s TV. 86%-2-2+ Relax. We’ve got you covered. ley region’s largest shopping centers included Urban Outfitters replaced Pottery Barn. • Banking/Finance • Entertainment Customers range from the prime contrac- Offering everything businesses need TO PUT LLEEEE ONYOURYOUOUURR LIST what it’s like to be me. store expansions, new stores and some major In looking ahead to 6RFLDO 0HGLD 0DUNHWLQJ • Insurance • Retail tors down to medium and small job shops. For a full listing of all our quality awards, please visit our website at www.providence.org/california. We’re handling Dave’s risk management, but we take no responsibility for retailer losses. THE The Village at Westfield With the recession having taken its toll on his choice of beach attire. We will, however, speak with him about the tie. The region’s largest shopping center in project, which will %XLOG

20 April 11, 2011 SAN FERNANDO VALLEY BUSINESS JOURNAL SAN FERNANDO VALLEY BUSINESS JOURNAL April 11, 2011 21 22 April 11, 2011 SAN FERNANDO VALLEY BUSINESS JOURNAL AN ADVERTISING SUPPLEMENT TO THE SAN FERNANDO VALLEY BUSINESS JOURNAL April 11, 2011 23 24 April 11, 2011 AN ADVERTISING SUPPLEMENT TO THE SAN FERNANDO VALLEY BUSINESS JOURNAL AN ADVERTISING SUPPLEMENT TO THE SAN FERNANDO VALLEY BUSINESS JOURNAL April 11, 2011 25 26 April 11, 2011 AN ADVERTISING SUPPLEMENT TO THE SAN FERNANDO VALLEY BUSINESS JOURNAL COMMERCIAL REAL ESTATE BROKERAGE FIRMS Banking & Finance Banking & Finance THE LIST Banking & Finance Ranked by number of brokers in the greater Valley area in 2010 Natural Balance Adds 10 Jobs In Move to Larger Site Owners, Brokers Being Creative in Complicated Market Continued from page 18 “When tenants have one year left on their that or all of a sudden you are in a situation senior vice president in the Universal City Use The Tax Relief Act to Rank Company Brokers Total Value Sales Leases Services Offered Profile Top Local Executive INDUSTRIAL: LEASING: Parties becoming Serving as Financial Caregiver When 1 1 1 1 Transaction is The seller was from abroad. no’s Pizza, Louisiana Fried Chicken, which Road Realty LLC. Mike Tingus and Paul lease, they are signing a five-year lease at a where the cash flow on the building is out of office of CB Richard Ellis. name SFV of Deals in Value of Sales '10 /'09 Value of Leases '10 /'09 (partial list) SFV/L.A. offices name Should You Try an SBA Loan? 2010 address L.A. County # of Sales '10/'09 # of Leases '10/'09 headquarters title The building, which was built in 1990, has have offices above. Capra, also with Lee & Associates, represent- lower rate and reducing their space.” whack and you can’t afford the mortgage pay- “Down time and tenant improvements are (in millions) more flexible in current climate. year founded phone one of several large deals by two two-bedroom/two bathroom loft units, one Ash Joshi represented the property owner, ed the seller, First California Bank. Depending on the amount of space the ten- ment.” real cash flow factors,” Solomon said. “Land- By David Orr 40% is provided via a government backed receivable are considered types of collater- While SBA loans are typically used for 10 Colliers International 13 $123 $48/$29 $75/$53 leasing, sales tenant/landlord rep. multimodal, 2/6 Martin Pupil Colliers in recent months. one-bedroom/one bath loft unit, three two- ALITA Property LLC, in a three-year lease In Van Nuys, Lee & Associates completed By KEELEY WEBSTER ant wanted to give back on renewal or where it The concessions and tenant improvements lords have to consider if they lose a tenant just Dementia Affects a Loved One Save on Your Equipment Loan bond issue. al. expansion and acquisition, under certain 16830 Ventura Blvd. Suite J 59 37/12 220/196 land, hospitality, industrial, investment property Seattle, WA Regional Managing Dir. bedroom/two bath units and a one- and has also represented the same owner a $3.1 million sale of a property, located at Contributing Reporter was located, landlords have had to make some that landlords are offering vary widely. how long it will take to fill the space.” BA Loans offer flexible terms and Many businesses are eligible for SBA Once you have decided to apply for an circumstances, they can be used to refi- Encino, 91436-1721 acquisition/disposition, property management 1908 (818) 905-5800 By ANNMARIE J. BARANIK bedroom/one bathroom unit. before on a Van 5651 Sepulveda Blvd. tough decisions. In some cases, Tingus said, tenants are By Denise Carriero as personal as managing finances can finances. Make sure you understand your account statements and spending alerts. By Rodney Fingleson To qualify for the current Section 179 equipment/furniture. Gumbiner Savett Inc., is an accounting, tax competitive rates – plus, because financing if they meet the right criteria. SBA loan, you will need to collect the nance existing debt. Notably, and in recog- Contributing Reporter Nuys commercial Randy Kobata and Jack Schlaifer,ofthe The impact of the economic crash and the In some cases, it was easier to move the receiving no free rent, in others they are Larger concessions appear difficult, yet not having conversa- loved one’s preferences by asking “Does Also, find ways to make it easier for your deduction, equipment must be purchased Businesses interested in taking advan- and business advisory firm located in Santa they are partially guaranteed by the Businesses must be established and based appropriate documents for your application nition of looming issues in the commercial Westcord Commercial Real 12 $72 $40/$97 $32/$45 industrial, office, retail leasing and sales, 1/1 Tony Principe REAL f you’re like millions of Americans, you tions about finances can lead to even more this work for you?” rather than judging pref- ou might think that buying new or and put into use between January 1, 2011 tage of Section 179 deductions and bonus Monica. For more information, call S Mixed-Use Filled Banking loved one, such as consolidating accounts 11 property and an Lee & Associates brokerage, transacted the slow march toward recovery have forced bro- tenant to a different space in the building, receiving 10 months free rent on a 10-year That concern is resulting in landlords mak- U.S. Small Business Administration, loan in the United States; a corporation, limited (bank statements, property deeds, financial real estate refinance market, Congress Estate Svcs. 12 WND/WND WND/WND landlord and tenant representation, lease Westlake President may have an elderly parent or relative difficulty down the road. erences. and setting a time each month to review used equipment for your business and December 31, depreciation on equipment purchases (310) 828-9798 or visit www.gscpa.com. terms can frequently be extended longer liability corporation, partnership, or sole statements, tax returns, etc.). When your recently expanded the scope of the SBA 951 Westlake Blvd. #101 administration, and property management Village (805) 497-4557 atural Balance Pet Foods Inc.’s In Encino, Capital Realty Solutions ESTATE apartment building sale of the 47,846-square foot property to kers and office building owners to be flexible rather than divide a space, which can bring lease. The tenant improvement allowances ing larger concessions, which may include free Second & with Alzheimer’s disease or some form While dementia interferes with a per- bills to be paid. would be out of the question these 2011. Eligible should contact their lenders and tax con- Westlake Village, 91361 1969 three-year lease for a 113,500-square- completed a lease-up of a 10,140-square-foot in Canoga Park. Osteon Enterprises LLC, an orthopedic prac- and creative in negotiating deals with tenants. additional costs, Tingus said. Smaller office landlords are offering for tenants to adapt their parking or converting unused tenant improve- I Y than with conventional commercial proprietorship that operates for profit. documents are in order, you should 504 program to allow the product to be foot industrial building in Pacoima is Brokers are reporting increased leasing building owners have given up tenants rather of dementia – a loss of mental function son's daily functioning, in the initial stages Help Organize Financial, Legal Documents days. However, two Acts that passed in equipment sultants. Mr. Fingleson recently drafted this article financing. This makes it easier for your Owners must be actively involved in the approach banks and other lenders that offer used for owner occupied commercial real Hendricks & Partners 7 $175 $175/$122 $0/$0 apartment brokerage and advisory services 2/4 Dean Zander N mixed-used commercial development in Van tice from Encino that specializes in spinal interior office space can range from $5 per ment allowances to free rent or an offer to that impairs a person’s memory and think- a person with dementia is still capable of When it comes to helping a family Form a Team of Supporters 2010 (The Tax Relief, Unemployment includes, but is not for Mission Valley Bank to share via the 12 10880 Wilshire Blvd. #2080 22 36/22 0/0 Phoenix Senior Partner one of several large deals negotiated by Nuys. Valencia Sale injuries and has a surgery center in the office. activity in the office market, but often it is than reduce rates to a level that would not sup- square foot to as much as $80 per square foot, freshen up the space, he said. business to qualify. business operations and occupy 51% or SBA loans. Manufacturers Bank is a Pre- estate refinance. In February, SBA imple- Los Angeles, 90024 1995 (310) 470-6142 Quarter ing skills. This means you may need to making decisions and sharing preferences. member with finances, information is vital. While family and friends can provide Insurance Reauthorization and Job Cre- limited to equip- Rodney Fingleson is Chairman of Bank’s Community and Client Financial SBA Loans come in several programs, more of existing commercial property ferred National Lender. Many financial Colliers International in recent months. An immigration and tax preparation firm Lee & Associates sold a recently con- “We are seeing more of these kinds of from tenants hoping to renew early so they can port the mortgage on the building, he said. he said. “In difficult times, you see blend and extend mented a temporary refinancing program The pet food developer decided to move its owned by Frances Rocha has now filled the structed 30,000-square-foot shopping center at transactions in today’s market – transactions decrease the amount of space they are leasing “Some landlords can afford to reduce rates Most office building owners are focused on where the landlord recasts or reduces the cur- make a dizzying array of decisions for a It’s important to determine your loved one’s Offer to spend time reviewing personal primary support, they often don’t have an ation Act of 2010 and The Small Business ment purchased for Gumbiner Savett Inc. He has been in the Education efforts. If you found this article of but the two most common programs are: when financing real estate or occupy 67% institutions have dedicated departments enacted under the Small Business Jobs Act 13 Coldwell Banker Commercial 6 $102 $72/$37 $30/$43 acquisition/disposition services, brokerage and 1/1 Greg K Barsamian distribution center to a larger industrial building final 1,000 square feet of vacant space in the 28656 The Old Road in Valencia. that the buyer can relocate to a larger building and negotiate lower lease rates. and some can’t,” Tingus said. “The mom and tenant retention, because they don’t know how rent lease to keep the tenant,” Solomon said. loved one who’s no longer capable of wishes early on – from long-term care to finances – determine income, savings, objective viewpoint and skills to meet all Jobs Act of 2010) can affect the ability to business use, busi- U.S. accounting industry for almost 30 interest, visit www.missionvalleybank.com, 1. SBA 7(a) program provides financing or more of completed property when and personnel ready to assist you with the of 2010. This program was further North County 19 36/16 106/116 transaction management, investment and Glendale Executive VP in Pacoima, adding 10 jobs, according to Rick mixed-use building, which is located at 6815 Larry Twomey “You have a lot of people doing a blend pops can’t. If you have a 20,000-square-foot long it might take to replace the tenant and Early lease renewals can be a money-losing making them. Among the most challeng- handling day-to-day expenses. By under- assets and insurance – and ensuring legal the needs of a family member with demen- expense equipment and save your business vehicles, com- years where he has assisted private compa- and subscribe to MVB’s eNews to view and to businesses for: Business expansion or financing construction SBA lending process. Not all lenders are enhanced in March to allow small busi- market research analysis, property 2006 (818) 334-1900 , of Lee & Associates-LA and generate some income by renting a por- 801 North Brand Blvd. #180 Rockhill, the company’s marketing executive. Sepulveda Blvd. Other tenants include Domi- North/Ventura, represented the buyer, Old tion to other tenants,” Schlaifer said. and extend,” said Mike Tingus, president of office building that you are getting $10,000 a new tenants usually result in higher tenant proposition for landlords, Solomon said, ing is taking care of financial matters. standing the state of their finances today documents are in place, including a power tia. It’s a good idea to have a team of pro- ness money. These Acts provide tax puters and "off-the- ny clients with both tax and accounting receive additional, timely and informative acquisition; The purchase of major business Applying for any loan can be intimidat- the same. Going into a loan process with nesses facing maturing commercial real Glendale, 91203 development, relocation and valuation services Finance Whether your loved one is here in the and how they would like money to be of attorney, health care directives and a fessionals to consult for help. Work with incentives that allow businesses to imme- shelf" computer services, management and financial con- financial information right to your inbox. The property’s lease was valued at about Lee & Associates-LA North/Ventura Inc. month for, you can’t afford to lose $5,000 of improvement costs, said David Solomon,a because concessions such as free rent or tenant assets including machinery with up to ing but it helps when you know the all of the proper and up-to-date information estate mortgages or balloon payments, to 14 Centers Business Management 6 $56 $10/$9 $46/$44 retail shopping center management, leasing 1/2 Dave O'Connell $1.7 million. The company moved to the new improvements are usually frontloaded in lease San Fernando Valley or elsewhere in the managed going forward, you’ll be in a bet- will. your loved one and family members to diately write-off much of the cost of fixed software and office sulting, and purchase and sale negotiations. 100% financing and owner occupied real process. The following are some of what at hand not only speeds what can be a refinance with an SBA 504 loan. The SBA 17030 Ventura Blvd. #200 18 5/3 243/229 and maintenance Los Angeles Dir. Valley Division U.S., you may want to consider finding a ter position to provide more direct help as At that same time, help prepare a sum- identify the resources you collectively assets instead of having to depreciate Encino, 91316 1987 (818) 380-9966 site at 12224 Montague St. from another loca- agreements. Typically, five months free rent estate with up to 90% financing; Long term you need to know and do to begin the lengthy process, but also gives the loan offi- 504 refinance program allows more small tion in Pacoima, where it has been since 1989. would come at the beginning of a lease, so the financial professional who can introduce needed by your loved one. mary of expenses faced today and going need, such as a care provider, accountant, them over time. By working with your working capital. Loan amounts go as high process. It’s also helpful to know what fac- cer a positive initial view of the client. businesses to secure stable, long-term 2011 Special Event you to an elder services specialist – a per- A common mistake made by family forward when costs associated with the dis- attorney and financial services provider. lender and obtaining an equipment loan Jones Lang LaSalle 5 $257 $6/$6 $252/$138 tenant representation, leasing, capital markets, 1/5 Jan Pope “We just needed more space and should be ANNIVERSARY 1996-2011 tenant is paying a higher rent toward the end as $5 Million. Repayment terms are up to tors influence the decision of a lender Come in prepared so that you can explain financing and avoid potential foreclosure 15 515 South Flower St. #1300 62 2/3 108/84 property management, project management, Chicago, IL So. Cal. Market Dir. moved by June 1,” Rockhill said. because the concessions have burned off, he son who has been specifically trained to members trying to help a parent with ease increase. Begin to identify what’s Whiletheprospectofcaringforaloved using an Equipment Finance Agreement 10 years for working capital, 15 years for when your application is reviewed. So how where you've been and where you want to on mortgages approved before and during PLATINUM SPONSORS Los Angeles, 90071 energy and sustainability services 1783 (213) 239-6000 The landlord, private investor Michael 4TH ANNUAL said. provide both financial and life manage- dementia is to ask a barrage of questions to needed to best meet your loved one’s wish- one with dementia can be challenging, tak- (EFA) and having the option to immedi- machinery and equipment, and 25 years do lending institutions assess your applica- go. Put a package together that includes the recession that were based on inflated Lichstein, was represented by David Hoff- The lease might appear to be over market ment support to help meet the needs of gather information. When that happens, the es. You may find an insurance policy that ing these steps can help make managing ately expense the costs of equipment pur- for real estate. SBA 7(a) loans are fully tion? The answer generally depends on the three years of business tax returns, three real estate values. 16 Charles Dunn Company, Inc. 5 $37 $3/$20 $34/$20 property and asset management, agency 2/5 Patrick J. Conn berg and Jerry Scullin of Delphi Business to the tenant just because the concessions have seniors. These specialists can review your parent can become defensive and embar- covers an in-home care provider or long- finances easier, and support you in provid- chases, a business could pre-fund its loan MANUFACTURERS BANK funded by the lender, but supported by a type of funding you are seeking and what years of personal tax returns on all owners The Small Business Administration web- 12925 Riverside Dr. #201 48 4/13 177/70 leasing, tenant representation, investment, Los Angeles President loved one’s situation in conjunction with rassed about the inability to remember term care needs, which will help avoid ing the care your loved one needs. for several months. government guaranty from the SBA of up to assets you can provide for collateral. Busi- of a business, a current balance sheet and site is very robust and provides potential Sherman Oaks, 91423 receiverships, constuction management 1921 (818) 358-1800 Properties. The tenant was represented by CFO AWARDS burned off, he said. John DeGrinis, senior executive vice presi- Another economic sign of the times, is that their other advisors – such as attorneys or facts. overbuying insurance. Many businesses might be able to 90% of the loan amount. ness loan applicants must have a reason- an income statement that is no older than borrowers with a wealth of information at dent based at Colliers International’s Encino Connecting Businesses to both the landlords and the tenants are doing accountants, and complete a comprehen- Instead, strive to conduct a conversation deduct the entire purchase price of the 2. SBA 504 program provides financing able amount invested in their business. This 90 days. Also include your current receiv- www.SBA.gov. Cresa Partners 4 $89 $5/$0 $85/$80 tenant representation, disposition, project 2/2 Rick Pearson 17 office; Patrick DuRoss, associate vice presi- Join us on May 11th as we recognize the important work of greater due diligence before a lease signing, sive health and wellness assessment and that allows your loved one to feel comfort- Build a System of Advocacy, Safeguards Denise Carriero is equipment. These deductions are in place IS LENDING for the purchase of major business assets, ensures that, when combined with bor- ables and payable aging and one or two 20950 Warner Center Ln. 28 2/0 73/57 management services Brentwood Principal develop a customized plan for helping to able and encourages them to point you in As dementia takes hold, the risk of your senior vice president for the 2010, 2011 and 2012 taxation Woodland Hills, 91367 1983 (818) 223-0072 dent; and Jeff Abraham, senior associate. CFOs as financial stewards in the public and private sectors. Solomon said. The landlord wants to insure usually owner occupied commercial real rowed funds, the business can operate on a pages explaining the reason you need to David Orr is “The (fourth) quarter of 2010 and the the tenant can fulfill the lease terms and the meet the physical, medical, financial, legal the right direction on topics such as where loved one making a mistake, such as forget- and regional trust years, with the greatest tax savings taking estate or machinery and equipment. Loan sound basis. Working Capital and Collater- borrow the money, what sales look like Senior Vice President the Resources and Leadership of and psychological needs of customers. accounts are located, what money is avail- ting to pay a bill, increases. Establishing manager for the Wells place in 2011. na: Not Available. WND: Would Not Disclose. Grubb & Ellis Company declined to participate in To the best of our knowledge, this information is accurate as of press time. While every effort is beginning of 2011 witnessed some larger GOLD SPONSORS 2011 NOMINEES* tenants are asking for non-disturbance agree- amounts generally go up to $5.5 Million. al are two important factors in evaluating going forward and how the money will be & Regional Manager this year's List. Companies were asked to compute transaction value based on sales and leases made to ensure the accuracy and thoroughness of the list, omissions and typographical errors transactions in our region,” DeGrinis said. ments, so that if the landlord sells the building, Those who have been most successful able for expenses, and preferences for processes such as automatic bill payment Fargo Private Bank. These Acts allow for: Repayment terms are up to 25 years for real an application. Working Capital is defined paid back. For a commercial real estate of Manufacturers of office, industrial, multi-family, retail and land deals completed in 2010 for ONLY properties with sometimes occur. Please send corrections or additions on company letterhead to the Research He added that the Natural Balance Pet the lease agreement will still be honored and supporting loved ones with dementia share future care and estate planning. People can help. Yet more important is a system of A 25-year veteran of estate and 15 years for machinery and as the difference between current assets purchase, provide property information Bank. For more physical addresses located in the cities below. In addition, they were asked to include only sales Department, San Fernando Valley Business Journal, 21600 Oxnard St., Suite 250, Woodland Philip Abraham, LA Hydro-Jet & Rooter Svc Sally Knutson, Cast & Crew a common approach to financial matters. with dementia often have the ability to advocacy – people who can keep an eye the financial services Section 179 expensing for qualified real Foods deal was one of five larger transactions Mike Alfred, PTI Technologies Janet Koller, Chaminade College Preparatory the San Fernando Valley the tenant will not be evicted. equipment. Down payments are as low as and current liabilities. Collateral is an such as a purchase contract or escrow information, and leasing transactions, not debt/financing transactions nor any other revenue generated from Hills 91367. ©2011 San Fernando Valley Business Journal. This list may not be reprinted in Here are some of the best ideas from those remember information – such as where on financial decisions and gradually industry, she oversees property acquisitions up to $500,000 for – those of 80,000 square feet or more – just John Anderson, Jacoby Limosine Service Considering the general state of the econo- 10%. SBA 504 loans come in two por- additional form of security which can be agreement and a tax bill. contact him at other real estate services provided by the firm. Cities: Agoura Hills, Arleta, Bell Canyon, Burbank, whole or in part without prior written permission from the editor. Reprints are available from Lynn Kornmann, Dilbeck Realtors who’ve faced this challenge: money is saved, their insurance coverage, a team of trust and tax years beginning in 2010 and 2011. The Calabasas, Camarillo, Canoga Park, Canyon Country, Castaic, Chatsworth, Conejo Valley, Wright's Reprints, (877) 652-5295 ext. 104 or e-mail [email protected]. completed in the last four months. Sandee Andrews, Andrews Powder Coating Bernie LaFianza, Penny Lane my, Solomon said he is not surprised when the increase the level of support provided as tions: Your lender provides a standard loan used to assure a lender that you have a sec- Small Business Administration Lending (818) 380-0909 or Encino, Glendale, Granada Hills, Hidden Hills, Lakeview Terrace, Lancaster, Mission Hills, “Despite a smaller inventory of available William Barritt, Aerospace Dynamics International Ross Landsbaum, ReachLocal owner of an accounting firm renews, but gives etc. – even when they have less ability to needed. fiduciary specialists, maximum equipment purchase being for typically 50% of the purchase price or ond source of loan repayment. Assets such guideline are enhanced and changed fre- dorr@manubank. Newbury Park, Newhall, North Hills, North Hollywood, Northridge, Pacoima, Palmdale, Panorama It All Starts Here! Researched by Josh Dausch Arlene Barry, Reliable Resources, Inc. Gary Larsen, Power-One Inc. Talk – Early and Often decide on the best actions to take. Look for ways to watch over your loved including elder serv- $2,000,000. In 2012, up to $125,000 of appraised value; A second loan of up to as equipment, buildings, and accounts quently to reflect current economic needs. com. City, Porter Ranch, Studio City, Sun Valley, Sunland, Sylmar, Tarzana, Thousand Oaks, Toluca larger buildings, we are still seeing ongoing back 1,000 square feet. 1 Melissa Berninger, Allied International This could be described as “hugging the Reassure your loved one that you’re one’s financial decisions – such as deter- ices specialists. Contact her directly via qualifying assets may be expensed with a Lake, Tujunga, Valencia, Valley Village, Van Nuys, West Hills, Westlake Village, Winnetka, in millions erosion in lease rates,” he continued. “Rents for Charlene Lee, CHUBB, a UTC Business Unit Founded in 1994 as the San Fernando Valley’s premier economic development organization, “The general consensus is that it feels like 2 Charles Best, Interlink Electronics Inc elephant in the room.” Coming together as there to help. Everybody has a personal mining if a financial services provider [email protected], or at $500,000 investment limit. The Acts also Woodland Hills. Do not do leasing management. all five of those transactions are in the $0.40s Carl McCraven, Hillview Mental Health Center The Valley Economic Alliance is your connection to business opportunities and solutions daily. the bottom of the office market,” Solomon said. per square foot range, which evidences the Fred Boyer, DataDirect Networks Elizabeth McGraw, McGraw & Yokas LLC a family to talk with a parent about a topic preference when it comes to managing enables a third-party to receive copies of (805) 777-8375. extend the treatment of off-the-shelf com- Michael Brady, Crane Aerospace John McGreevy, Key Information Systems, Inc. We harness and coordinate the power of key business organizations, civic and community leaders, puter software as qualifying property if continuing slide we have seen in average rental Jim Brill, On Assignment, Inc. Longer lease terms C OMMERCIALO M M E R C I A L REALE A L ESTATES T A T E rates over the past few years. We expect that as Edward McMullin, New Life Management & educational institutions and information resources to help you thrive in today’s economy. A change that is indicative of the market placed in service before 2013. In addition, Coralie Calvet Lewis, The Coffee Bean & Tea Leaf Development qualified Section 179 property includes up A Loan Program to Ease supply and demand forces get closer to equilib- Vicky Castillo, Villa Esperanza Services hitting the bottom is that tenants have begun to 2 rium, we will see some firming in rates.” Selam Meharena, Project GRAD Los Angeles 2,/6"2 to $250,000 of the cost of qualified lease- Debra Charney, Northeast Valley Health Corp. Keith Mitchell, Dole Fresh Fuit, N.A try and negotiate for longer lease terms – and ) Helen Chien, Prestige Medical hold improvement, restaurant and retail Phil Motherspaw, Valley Village Save the Date that wasn’t the case a year ago when tenants Apartment Sale Brett Chloupek, Source Photonics property. Frank Mullens, Marketing Innovations Intl Inc wanted shorter lease terms and landlords were Small Business’ Frustrations Steve Chopp, Pharmavite Marcus & Millichap Real Estate Invest- Kevin Murray, Peak Performance pushing for longer terms. When it Comes to Borrowing, Steven Coker, Manchester Financial /-&04*38*.&/'1&%*3 First Year Bonus Depreciation allows a ment Services has recently sold a seven-unit Lori Nichols, Wexler Video The Village at Westfield Topanga Mall Presentation The situation has flipped with tenants real- By Tim Weaver and debt service coverage than a conven- alternatives to traditional ‘factoring’ which usually double the Russell Dean, KSL Media Patience is a Virtue Page 23 taxpayer to claim 100% first-year bonus apartment building in Sherman Oaks to an Sara OConlon, Child Development Resources of izing lease rates might not get lower and land- When it Comes to Borrowing, tional bank program. It provides financing can be much costlier. As with most SBA interest rate or more. Marielle DeFazio, PathPoint Tuesday, April 12, 2011, 9 to 11 a.m. < 16 $0 0641'7&614; $6(; Ventura County Inc depreciation on the cost of qualified proper- any small companies suffer from for cyclical growth, recurring and/or short- loans there are some associated fees as unnamed investor. George Delyannis, Pacific Federal lords not wanting to lock in the low lease rates ty when purchased and placed in service N ATIONALA T I O N A L PREFERREDR E F E R R E D LENDERE N D E R the same critical problem: a lack term needs. Repayment comes from con- well as marginally increased interest rates Tim Weaver is The property at 13951 Milbank St. sold for Tamra Ekno, Jacoby Limosine Service Christopher Plueger, Petrelli Electric Inc • A briefing on the economic and community impacts of a new 1 million square-foot, for the long term. Serving as Financial Caregiver < 1 .15,0* 1565 just under $1.5 million. Tony Azzi, the senior Tanya Pontep, Phillips Graduate Institute Tom Dwyer, a senior vice president in the after September 8, 2010 and before January of adequate, ongoing working verting short-term assets into cash, which to obtain this line of credit; the fees and with Celtic Bank. Karen Fink, Mt Sinai Memorial Park & Mort mixed-use project located in the heart of Warner Center 1, 2012. 50% first year bonus depreciation M vice president of investments for Marcus & David Franco, Princess Cruises Stephen Potter, Automoco Corporation Camarillo office of CB Richard Ellis, said he Patience is a Virtue When Dementia Affects a < 06(4(56<0.; $;/(065 )14 6+( ,456 #($45 capital. The usual cause: cash flow gaps is used to pay back the lender. Your busi- interest are used to help offset the risks For more information, Millichap’s West Los Angeles office, repre- Edward Frank, TWC Aviation Valerie Pryor, Castaic Lake Water Agency • Development includes a blend of nearly 100 specialty shops and restaurants, has seen an increase in activity. may be taken for assets acquired and placed that occur between the time of the sale of ness can continually draw from this line of associated with irregular borrowers. Taking please contact Gary Puterman, National Positions Loved One Page 24 in service during 2010, prior to September sented the unnamed seller and buyer. SILVER SPONSOR Scott Gillis, AIG Retirement Services Inc multi-story office complex and community/cultural center “In the Conejo Valley, we are tracking 56 By Marnie Nemcoff you must receive and understand your Truth in Lending < 1 22.,&$6,10 14 007$. ((5 a product or rendering of a service and credit, (based on existing assets), and repay this into account, a CAPLine or Export Line him directly at Geetha Ramadas, Kennington Ltd., Inc. 9, 2010. Bonus depreciation may be taken “At the time of the sale, there was one Keith Granirer, Contempory Service Corp companies actively looking for office space Statement and your Good Faith Estimate (GFE) before < $5; &&(55 61 70'5 LetLet us help y youou g growrow yyourour bbusiness.usiness. customer payment. as the cash cycle dictates. Typical indus- will usually remain the least expensive (818) 483-5630. apartment vacant and it became a deal breaker First Private Bank & Trust Frank Guarrera, Motion Picture & Television Clare Resnick, Warner Pacific Insurance above 5,000 square feet,” Dwyer said. “Some hese days, perhaps more than ever, having the appraisal takes place at your expense. Use The Tax Relief Act to Save on as additional depreciation on qualified prop- Unfortunately, many of these small busi- tries Asset Based loans work best for are: option over a typical factoring line which is for the buyer,” said George Azzi, a Marcus & Greg Hann, Wesco Aircraft Peter Rivera, Shamrock Capital Advisors The Valley Economic Alliance Cinco de Mayo Open House erty (new equipment) after having expensed nesses suffer the frustration of being denied Apparel, Consumer Electronics, Food David Salgado, Prospect Mortgage LLC of them are looking to leave the city of Los patience is most definitely a virtue. And from The new GFEs have become incredibly confusing. If < $.. )14 /14( ,0)14/$6,10 14 61 $22.; 61'$;; ApplyAppply today.today. Millichap associate. “Even though we normal- Christa Harris, Lavi Industries Angeles to be relieved of the gross receipts where I’m standing, nowhere is patience needed you’re purchasing a home for example, some seller’s Your Equipment Loan Page 25 immediately part of its cost. a business loan or line of credit from a tra- Products (excluding produce), Staffing, IT BRONZE SPONSORS Karen Hermanson, John Paul Mitchell Systems William Schaffer, Cal Arts Thursday, May 5, 2011, 5 to 7 p.m. T Below is an example of the purchase of a ly don’t do rentals, we had to satisfy the buyer, tax.” more than when you apply for a mortgage loan. costs will be included (which as the buyer you’re not ditional bank. The reason for these rejec- Consulting, Janitorial services, Alan Hill, Jones Trading Devra Shapiro, IPC The Hospitalist Company *7&%&$/.%1423&&%2".%/13("(&25"*,"#,& $550,000 piece of equipment using section who is from Los Angeles, and find a renter.” Community Bank Lynne Hiortdahl, Neighborhood Legal Services Deborah Shapiro, Perfecto Staffing Company • Learn about our customized benefits, value proposition and success stories in a To Richard Pearson, a principal in the Whether you’re looking to purchase a home or refi- responsible for). This makes your closing costs look tions is that most conventional banks Trucking/Transportation, other service ori- Should You Try an the179 deduction and bonus depreciation: underwrite the requests guided by histori- ented companies, as well as manufacturers of LA County Keith Smith, Interamerican Motor Corporation festive setting, plus enjoy authentic food and beverages Woodland Hills office of tenant brokerage nance your home, being a borrower in today’s market higher than they actually are. They are also confusing as CARMEN WEIMEREIMMER DAVIDAAVVID ORR Borrowing, Patience Is a Virtue Kirsch Kohn & Bridge Ronald Hock, Maly's George Stroesenreuther, Senior Systems CresaPartners, the office market appears to may make even the most tolerant among us lose our they do not include your monthly property taxes, insur- /3&%&23".+ 1&%*3 .*/. !&"12 cal cash flow and balance sheet strength. or warehousers of most products sold to • Take the “Cinco de Mayo” challenge by inviting five of your colleagues to attend. SBA Loan? Page 26 2011 eligible new equipment purchase: 23 Sue Holl, Newhall Land & Farming Co James Sweeney, Sun Valley Paper Stock Inc be “fairly stagnant.” cool. ance or any HOA fees. You need to make sure you ViceVViice President Presiident Senior ViceVViice President Presidennt If the business doesn’t qualify, it is forced to distributors and/or retailers. Continued from page Don’t get me wrong, it’s a great time to Wells Fargo Gwei-Jin Hong, Chemsil Silicones Inc Mark Szczepaniak, Prospect Mortgage All guests who RSVP will be entered into a prize drawing and must be present to win! “We represent tenants and the ability to But that doesn’t mean you should shy away from pur- understand your GFE before signing. Obviously, signing *."/6#8"*,8&62&"%&12 $550,000 seek financing from a non-conventional Export Working Capital Program: This buy a home or refinance, just do yourself a New Suitor for AML Rachel Howitt, NAI Capital Diane Thorsell, New Horizons • First year write-off using Area MaManagernager Regional Manager Manager source, usually a high-priced factoring your appointed appraiser is professionally big favor and prepare for the process to negotiate long term leases has been and is chasing or refinancing. Interest rates are still historically immediately for your receipt of these becomes problem- A Loan Program to Ease Small program while slightly different than the Wednesday, May 11, 2011 Dennis Jacobs, Hawker Pacific Aerospace Elizabeth (Lisa) Turchan, The Buckley School there,” Pearson said. “We have landlords who low and home prices are more or less stable. Instead, atic if you need time to sit down with your mortgage ('(4$..; 0574(' 61 $6 .($56 1 2 %; Section 179 = $500,000 (818)(818) 227-45352277--4535 (8(818)18) 380-0909380-0909 company. SBA CAPLine program, is essentially used educated about home prices and sales in take a minimum of 30 days. Prepare your FINANCE: Merger challenged Thomas Jacobsmeyer, Los Angeles Valley College George Vaughan, Entertainment Partners The Valley Economic Alliance Building • First year bonus 11:30 AM - 1:30 PM are eager to attract tenants to their buildings.” what it means is that you should be prepared for your professional to clarify (which I highly recommend). Business’ Frustrations Page 26 The United States Small Business for the same function but involves foreign your area as an inaccurate appraisal will documents before applying for a loan. And A merger with a New York microassemblies Brent Jones, Doremi Labs, Inc. Karen Velligan, Avjet Corporation BFG Board Room, 5121 Van Nuys Blvd, 2nd Floor, Sherman Oaks, CA 91403 depreciation = $50,000 Administration (SBA) has a loan program to transactions. There are few companies that certainly present another delay. remember, your mortgage professional Ken Jones, Woodbury University Pearson referred to the talk of increased loan approval and funding to take at least a month and The next delay that might occur is with the appraisal company fell apart for AML Communications Marsha Wasser, M Fredric & Co activity as phantom activity. you should expect curveballs to be thrown your way itself. It can take days for the appraiser to view the • Total first year deduction = $550,000 WarnerWWaarner Center OOffiOfficece Encino OOfficeffice help with this frustration: SBA CAPLine. fit into this program but it can provide tem- Next, you need to be prepared that the wants to close your loan for you as quickly James Keegan, One Lambda Inc Russ Whittenburg, Forest Lawn Memorial- • TaxSavingsat when another firm made a better offer. “Every time a tenant has a lease expiration during the process. property. Moreover, unless your agent is there to edu- Pick-up in Private Sector Job 2155021550 Oxnard St.St.,, SuitSuitee 250 1625516255 VVenturaentura BoulevardBoulevard This program is relatively unknown as few porary working capital for businesses that lender will request copies of almost every- and seamlessly as you, so we’ll do every- Warner Center Marriott Hotel Pamela Kessler, LTC Properties, Inc. Parks & Mortuaries RSVP [email protected] or 818 379 7000 x100 30% tax rate = $165,000 Microsemi Corp made a binding offer to Tsolak Khatcherian, Karoun Dairies, Inc. coming up they look at other space even The first thing to prepare for is the fact that, online, cate them on comparable sales in the area where you’re WWoWoodlandoodland Hills, CA 9913671367 Encino,Encino, CA 9914361436 lenders choose to participate because of export goods and services. The line may be thing except your first-born. Your income thing in our power to move the process 21850 Oxnard Street Daniel Yukelson, Premiere Radio Networks Inc Growth Forecasted Page 28 the high risk associated with the product if used for daily operating expenses such as tax returns, pay stubs, investment account along, as expediently as is reasonably pos- purchase all AML shares at 2.50, a higher Paul Khoury, CharterWorks Dan Zeddy, Anthony International though they are just looking to renew,” Pear- you may see interest rates that are absolutely incredible. buying, the appraisal may come back grossly inaccu- Chris King, MRV Communications Working with your bank to finance your not properly managed. In 2007, Celtic paying suppliers, inventory or production statements, bank statements and proof of sible. Happy house hunting! amount than that to be paid by Anaren Inc., Woodland Hills, CA 91367 Jose Zepeda, El Aviso Magazine son said. “Sometimes when this happens, land- However, what the fine print may or may not explain is rate. It is important to note that your mortgage profes- which offered $2.15 per share. Glenda Klein, CA Lending, dba First Rate Call or Click to Connect! lords think there is lots of activity.” that those rates apply to 15 day lock-ins for borrowers sional is not permitted to select your appraiser. Apprais- equipment at a purchase price of Bank chose to offer the SBA CAPLine to of export goods for transactions related to any other income you have will be Financial Group (* As of April 7, 2011) ATM Safety Tips Page 28 )"326/13)9 "" 1"*1*&31&&3 $550,000: Additional Offices ToToSer Serveve YYoYourour Business NeedNeedsds Anaren has until April 11 to make a counter- $100 The mission of The Valley Economic Alliance is is to strengthen the economy and improve the quality While his clients see this as an opportune with very high credit scores and a lot of equity. This ers are randomly selected from a panel and, unfortu- their borrowers. At Celtic Bank the most exporting purposes. Good candidates for required. My advice to prevent delays dur- Marnie Nemcoff is the Vice President of per ticket/reservations /13)1*%(&9 ")&2&%"/4,&5"1% • $550,000 with a BeverlyBeverlyHi Hillslls • LiLittlettle TToTokyookyo • OOntariontario • TToTorranceorrance • City ooff In Industrydustry • DoDowntownwntownnLA LA • Newport BeacBeachh • SSanan J Joseose popular CAPLine program is the Standard an Export Working Capital Line are high ing this stage is to have copies of everything Marketing for Matadors Community Credit offer to acquire the Camarillo-based manufac- of life in the Valley’s five-city region: Burbank, Calabasas, Glendale, Los Angeles and San Fernando. time to strike a deal, Pearson said he advises sounds great at first glance, of course, except for the fact nately, your mortgage professional can’t guarantee that turer of subassemblies and microwave ampli- required by May 4th caution because he doesn’t anticipate lease that it is next to impossible to fund a loan in 15 days the appraiser is from your area or even familiar with ,). / 9666-"3"%/12/1( 5 year loan at 8% = $669,121 Asset-Based Line. volume international exporters. In order to ready before you apply for your loan. Union (MCCU), a full-service, not for profit fiers for the defense and aerospace market. For sponsorship and registration information, visit www.sfvbj.com and Contact us for free professional business assistance, workforce training, networking opportunities rates increasing over the next year. especially given the changes in the lending industry. your area. Nor can we guarantee that the appraiser Finding the Right Bank total principal plus interest Standard Asset-Based Line: This pro- qualify for the Export Working Capital Finally, whatever you do, don’t make a financial institution serving the San Fernan- • Monthly loan payments = $11,152 gram provides a line of credit based on the big purchase on credit anywhere near the do Valley since 1963. MCCU has been Microsemi makes semiconductors and high- 818.676.1750 “If the business is stable, it’s a no brainer to The reasons these quick turnaround loans are impos- selected will be the most experienced available. That’s program, the business must have credit Reserved tables of 10 click the “events” tab, or contact us at and information resources. For Your Family Page 29 007$. (4&(06$*( $6( !$4,$%.( 4$6( %$5(' 10 /,0,/7/ &14( $0' 6+( 4,/( $6( • Section 179 deduction and MANUFACTURERSMANUUFFAACTURERSB BANKANKK performance analog and mixed signal products. lock in a long-term lease, but if the business is sible are many. First, new rules mandate that before you why you’ll need to rely on your REALTOR to ensure that 2.75 # $5 27%.,5+(' ,0 6+( 10(; $6(5 6$%.( 1) 6+( "$.. 64((6 1740$. $6( &$0016 *1 # assets of the business and is specifically insurance that covers foreign accounts time that you’re applying for a mortgage named Best Bank/Credit Union three years bonus depreciation of $165,000 A SUBSIDIARYSUBSIDIARRYYO OF SUMITSUMITOMOOMO MITMITSUISUI BANKING BANKING CORPORACORPORATIONATTION Only Anaren can break the merger agree- are available through the SAN FERNANDO VALLEY BUSINESS JOURNAL www.TheValley.net or 818 379 7000 growing or shrinking, then they shouldn’t do can be charged for an appraisal on your home you must %(.19 ;174 ,0,6,$. 4$6( &67$. ,06(4(56 4$6( 1))(4(' /$; %( +,*+(4 '(2(0',0* 10 &4(',6 5&14( $0' designed for businesses unable to meet receivables. loan. The lender will run your credit right in a row by the L.A. Daily News. They have ment and if it chooses to do so will receive an purchase of an it,” Pearson said. “You do not want to be stuck acknowledge and sign certain disclosures. This means Please see page 26 Credit Do’s and Don’ts Page 29 70'(494,6,0* )$&6145 $:,/7/ &1/%,0(' .1$0 61 8$.7( - !0 1) # 72 61 12 .,/,6 1/( = approximate prefunding of credit standards associated with long-term CAPLines in general use a formula of before the close of escrow and a debt branches in Northridge and Chatsworth. $800,000 fee from AML. 21600 Oxnard St. Ste 250 • Woodland Hills, CA 91367 • 818.676.1750 • www.sfvbj.com with too little or too much space.” 37,6; .,0( $8$,.$%.( 10 24,/$4; $.,)140,$ 4(5,'(0&( 10.; 7%-(&6 61 6(4/5 1) /(/%(45+,2 loan for 15 months financing. Inventory and/or non-fixed eligible accounts receivable and inventory appearing during the escrow period may For more information, please contact advertising package 37$. 12214670,6; .(0'(4 Equal Opportunity LenderLender www.manufacturers-ca.comwww.maanufacturers-ca.com Memberr FDICFDIC --M a r k R . M a d l e r ",6+ 4(37,4(' /,0,/7/ 1 2 '4$9 assets may be taken as collateral and the to calculate the appropriate lending lower your score or cause your overall debt MCCU at (818) 993-6328 or go online to underwriting for this product is much more amount. The CAPLine program or the to increase which, in turn, can throw off www.matadors.org. flexible in regards to historical cash flow Export Working Capital program are great the approval. 27 28 29 30 31 32 33

AN ADVERTISING SUPPLEMENT TO THE SAN FERNANDO VALLEY BUSINESS JOURNAL April 11, 2011 27 28 April 11, 2011 AN ADVERTISING SUPPLEMENT TO THE SAN FERNANDO VALLEY BUSINESS JOURNAL AN ADVERTISING SUPPLEMENT TO THE SAN FERNANDO VALLEY BUSINESS JOURNAL April 11, 2011 29 30 April 11, 2011 SAN FERNANDO VALLEY BUSINESS JOURNAL SAN FERNANDO VALLEY BUSINESS JOURNAL March 28, 2011 31 News and notes from SAN FERNANDO VALLEY BUSINESS JOURNAL April 11, 2011 33 Banking & Finance Banking & Finance 32 April 11, 2011 SAN FERNANDO VALLEY BUSINESS JOURNAL around the greater STOCKWATCH Pick-up in Private Sector Job Growth Forecasted AROUND THE VALLEYS San Fernando Valley area Image: Three Business Units 2011. While total job creation was disap- end. "There are still too many people unem- consumers will expand by 2.7 percent and Finding The Right Bank ANTELOPE VALLEY Continued from page 1 Market Watch Summary BNY Mellon Valley 50 BIZ SEEN Greater Valley business events he country's economic health is pointing in 2010, the economy did experi- ployed and even growth in real GDP of 3.3 loans to businesses will grow by 4.3 per- LANCASTER LOCAL EXPERTISE. GLOBAL STRENGTH. Image Systems Presented by All closing prices as of April 6, 2011 VALLEY steadily improving and on a path to ence 12 straight months of private-sector job percent will take only a moderate bite out cent. "Bank lending is growing and will Games Make GoSave Engaging Site to Visit sustained economic expansion in growth. The EAC foresees another 2.1 million of the unemployment rate. Even stronger help finance the economic expansion," said Play: Portions of American Heroes Park were both companies started. T For Your Family But then the companies went in different FOUNDED: 2011 following the merger of Company April 6 52-Week 52-Week 2-week 52-Week YTD PE Mkt. Cap You are the CEO of a growing toy company with an opportunity to go global by acquiring a major 2011, according to the Economic Adviso- new jobs in 2011, well beyond the 1.1 mil- private-sector employment growth is need- Hoffman. opened on March 22. Website GoSave has given itself a Adding the game component to Image Systems and Digital Vision. Name Ticker Price High Low % Chg. % Chg. Change Ratio ($millions) ry Committee of the American Bankers lion new jobs the economy added in 2010. ed if we are to achieve a self-sustaining eco- The committee's consensus is that con- inding the right personal bank means ing this question will help you determine if The park is a complement to the revitaliza- makeover into a more fun place to the site resulted from a conversation directions. Digital Vision served the entertainment and 6DWXUGD\ -XQH DP SP manufacturer with operations in Asia. Would the challenge of multicurrency payments, overseas Association. Consumer and business spending will nomic expansion," said Hoffman. sumer price inflation will remain tame this assessing your needs first. Whether you'd be happier at a bank with an exten- tion of downtown along Lancaster Boulevard visit with the addition of online games McLeod had with his mother and an U.S. HEADQUARTERS: North Hollywood American Reprographics ARC 10.28 11.31 6.00 14.7% 12.0% 35.4% N/M 465.5 "The economy is transitioning from pick up along with job growth, the EAC The committee believes the downside year, in the 1.0-1.5 percent range. The you're looking for a new bank or just sive branch network emphasizing regular, and surrounding neighborhoods, city officials in which players collect points to aunt, who both professed enjoying media markets with color correction, image 6KHUDWRQ 8QLYHUVDO +RWHO F enhancement and restoration systems and soft- CORE OF BUSINESS: Color correction, Amgen AMGN 54.03 61.26 50.26 2.5% -10.5% -1.6% 11.28 51,112.4 reliance on monetary and fiscal stimulus to said. Strong exports and capital expendi- risks and upside potential are balanced. group does not expect the Fed to raise its want to evaluate how well your current evening, or weekend hours, or one that said. redeem for coupons or gift cards. playing online games. image enhancement, film restoration, and %RE 6DJHW (PFHH accounts and global trade logistics take you out of the game? Not if you have a strong financial partner a sustained expansion in the private sector. tures will also continue to fuel the expan- Downside risks to the forecast include federal funds rate this year. The bank econ- banking relationship is meeting your focuses more on electronic services like The site includes playgrounds; baseball and The site is targeting women, the Research firms tracking consumer ware. AeroVironment AVAV 30.11 35.96 20.70 -11.4% 22.5% 12.2% 27.88 665.3 Image Systems, on the other hand, went scanning and digitizing of high-speed film Businesses and consumers are feeling more sion, even as weak housing and state and much higher oil prices, state and local gov- omists expect the Fed to complete its $600 needs, answering the following questions ATMs and PC banking. soccer fields; basketball and handball courts; most active of online shoppers and habits back up the GoSave strategy of 7LFNHWV VDPH SULFH WK \HDU LQ D URZ Bank of Santa Clarita BSCA 8.20 9.00 6.00 2.5% 20.6% 18.0% 24.85 17.7 like Chase to guide you through the acquisition and provide seamless global financial services. confident about the economy, and job local government financial difficulties ernment financial woes and sovereign debt billion in "quantitative easing" in the first can help you identify your "banking per- Now that you have the answers to these two gazebos; nine trellis structures; an adobe one of the top demographics of casual targeting women players of casual after the defense, automotive, and film restora- INDUSTRIES SERVED: Entertainment and tion markets with its motion analysis and film California United Bank CUNB 12.75 13.30 10.15 -1.6% 4.5% 3.2% N/M 66.7 growth will accelerate as layoffs diminish restrain the pace of expansion. With con- problems in parts of Europe. Wealth gains half of this year, and not initiate another sonality" and perhaps make your shopping questions, call or visit several banks near monument; restrooms; and three parking lots. online gaming. online games. A 2010 study from media, defense, automotive, industrial. ,W¶V HDV\ WR PDNH RXU GD\ $WWHQGLQJ VSRQVRULQJ and small business hiring picks up," said sumer spending strengthening, along with from a rising stock market, stronger global round of Treasury security purchases. a bit less of a chore. your home or office — more and more The previous Go Save website had Lightspeed Research and Trend- scanning products. Stock finished up across the board for the two-week period ended April 6, Capstone Turbine CPST 2.02 2.14 0.62 -2.9% 54.2% 110.5% N/M 496.5 Combining the two companies will provide Stuart G. Hoffman, acting committee chair- strong business capital equipment spend- growth fueling exports, and vastly "Low inflation rates have given the Fed 1. What is your goal in establishing a banks even offer information over the Inter- been one where visitors had been able stream’s Global Web Index showed DGYHUWLVLQJ RU FRQWULEXWLQJ WR 6KRZWLPH WKLV \HDU ZLOO 2011. The Dow finished up 2.8%, while the S&P 500 and the Valley 50 Cherokee CHKE 18.21 21.50 15.72 5.8% -2.4% -3.2% 14.93 162.3 Bank with confidence. Bank with Chase. man and chief economist of PNC Financial ing, the EAC expects real GDP to grow by improved corporate balance sheets are pos- the necessary flexibility to implement this banking relationship? Answers may include net. Shop your current bank first if you to shop, said founder Dane McLeod. that 42 percent of women played an a huge opportunity to up sell the products both The scanners and motion analysis equip- Index finished up 2.9% and 2.6%, respectively. The NASDAQ led the way offer, said Mikael Jacobsson, the chief execu- PDNH \RX VPLOH ,W ZLOO PRVW FHUWDLQO\ PDNH XV VPLOH DineEquity DIN 54.41 60.11 24.92 3.5% 36.2% 10.2% N/M 949.7 Services Group Inc. 3.3 percent in 2011. itive factors that could stimulate economic stimulus and thereby support faster econom- "to save money," "to have a checking think your relationship isn't all it could be. “We’ve created something more online game, compared to 36 percent ment is also used on crash test films to for the two-week period, finishing up 3.8%. The best local performer over LOCAL PRESENCE IN OVER 60 COUNTRIES tive of the newly renamed company. improve vehicle safety; to study the perform- WRR Private sector job growth will improve Job growth will push the unemployment growth faster than the committee's forecast. ic and job growth this year," said Hoffman. account," "to get a loan," or all of the above. Perhaps they have introduced new fun and engaging on a daily basis so they would come there even of men. the past two-week period was Hemacare up 50.8%, while Talon International Diodes DIOD 33.38 34.50 14.50 2.9% 44.3% 23.7% 19.87 1,531.0 “We know the customers of Image Systems ance of athletes, and in research and develop- · EXPERTS IN EMERGING MARKETS this year and accelerate toward the end of rate down close to nine percent by year The EAC predicts that in 2011, loans to The EAC consensus is that while short- 2. How much money can you keep on accounts or services you aren't even aware when they did not have to shop,” McLeod said. The games are created internally by a design team. McLeod com- ZZZ9DOOH\9LOODJHRUJ was the second best performer, up 28.6%. The worst local performers over will need the image enhancement,” Jacobsson ment. Dreamworks Animation SKG DWA 27.58 43.58 25.17 6.8% -28.3% -6.4% 14.00 2,372.6 term interest rates will remain virtually deposit each month and how many checks of that would better suit your needs. Let GoSave, with offices in Encino and downtown, has more than pares them to TV game shows and are 2 minutes to 10 minutes in the past two-week period were AeroVironment and ReachLocal down 11.4% LEADERS IN GLOBAL PAYMENTS said. DTS DTSI 47.19 50.57 31.03 5.2% 42.1% -3.8% 53.02 842.0 unchanged, the 10-year Treasury note rate will you write? This will help you figure out them know if the level of service or conven- 1,000 retailers participating where the gift cards can be redeemed. length. The games are all in real time, allowing for competition Award winner 0LFKDHO DQG 6KDZQ and 10.4%, respectively. is expected to rise slightly from 3.3 percent how complex or simple an account you ience don't meet your expectations and The site grew out of a comparison shopping website McLeod and against other players online at the same time, McLeod said. The company will maintain its North Hol- FOREIGN EXCHANGE IN MORE THAN 135 CURRENCIES Electro Rent ELRC 17.57 17.77 11.09 10.3% 24.7% 8.7% 28.34 422.5 to 3.7 percent by year end. The 30 year might need. "Packaged" or "multi-service" give them the opportunity to design a rela- some friends created when students at USC and which won them a The more games played, the more points players accrue to get the lywood offices and other domestic locations Those applications are a far cry from how fixed mortgage rate is expected to rise from accounts offer a variety of services for one tionship that works for you. business plan contest. When Go Save launched in 2009 it was funded gift cards. Go Save receives a commission from the purchases and will be consolidated there. The Digital Vision Digital Vision made its name with film studios, Data provided by Telemet Orion, a source considered to be reliable, and compiled Health Net HNT 31.70 33.80 12.90 2.2% 27.3% 16.2% 14.88 3,071.3 INTEGRATED GLOBAL TRADE SERVICES product line names, Nucoda and Phoenix, will 4.8 percent to 5.3 percent by year end. fee, while "no frills" accounts offer a mini- Compare fees and service charges at the by McLeod, family and friends, and a private investor from Sherman also generates revenue from the video ads shown during the games. broadcasters and post-production houses. The by BNY Mellon Wealth Management. However, the information in this feature may Hemacare HEMA 0.46 0.85 0.27 50.8% -31.3% -16.4% N/M 4.6 Open: Vice Mayor Ron Smith in new park. remain untouched. firm’s color correction and mastering equip- not be complete and cannot be guaranteed. The information provided in this feature mum number of services at an extra-low banks you're considering, as well as inter- Oaks. – Mark R. Madler Image Entertainment DISK 0.16 0.30 0.11 0.0% -23.8% 14.3% N/M 4.2 Information for this article was provided price. Other accounts might be designed est rates on loans and deposit accounts. “American Heroes Park is a splendid addi- The U.S. market accounts for 45 percent to ment has been used on Oscar nominated films, does not constitute the provision of investment advice. by the American Bankers Association. The cafeteria-style: you choose from a variety of What does each charge for services like tion to our downtown area,” stated Lancaster 50 percent of Image System’s business, Jacob- and is a two-time winner of the Engineering Interlink Electronics LINK 0.31 0.42 0.25 -3.1% 3.3% 10.7% N/M 4.3 Contact Robert Lagace at 213-621-8102 sson said. Award given by the Hollywood Post Alliance. For more information please contact: ABA represents banks of all sizes and char- services and pay as you go. cashiers checks, safe deposit box rental Vice Mayor Ronald D. Smith.“Newand SAN FERNANDO VALLEY WOODLAND HILLS IPC The Hospitalist IPCM 47.20 49.26 21.17 6.8% 31.7% 21.0% 32.11 786.2 Kaiser Permanente’s Panorama City facility held the first-year anniversary Valley Community Clinic celebrated the grand opening of its prenatal cen- Los Angeles market manager – Middle Market Banking ters and is the voice for the nation's $13 tril- 3. Will you be buying a home or car or and ATM use? existing residents, business people working The acquisition was announced in Decem- In the new organization, Martin Bennett James Hillman, Managing Director ber and completed this month, just in time for heads up the media business unit to be located (818) 963-0464 IRIS International IRIS 9.39 11.93 7.26 4.2% -12.5% -8.2% 55.24 167.6 celebration of its Farmers Market on March 16. Dr. Angeline Ong,a ter. Attendees included Providence Saint Joseph Medical Center CEO lion banking industry and its two million making another large purchase in the near Because price isn't the only — or even nearby, local students, as well as visitors from NORTH HILLS Fit: The Woodland Hills location of Total “Physician Champion for Employee Wellness” at the hospital (left), tried Barry Wolfman (left), L.A. City Controller Wendy Greuel (center), and employees. Learn more at aba.com. future? You'll want to find out about the most important — factor for most people in the community and beyond are now able to Woman Gym & Day Spa was one of 11 loca- Image Systems to make a big splash at the in London. Bennett joined Digital Vision in Ixia XXIA 14.74 19.10 8.15 -0.6% 55.8% -12.2% 98.27 1,037.6 fruit at the booth of Allison Etheridge (right) of Etheridge Farms. Valley Community Clinic’s CEO Paula Wilson (right). variety of loan products offered. choosing a bank, take a minute to think enjoy this wonderful community-gathering Drive: Galpin Jaguar launched a new market- tions celebrating Women’s History in March. National Association of Broadcasters expo in 2008 after more than 10 years at Avid. Las Vegas. The customers of each firm, however, want 9DOOH\ 9LOODJH K-Swiss KSWS 11.81 14.53 8.75 18.1% -2.7% -5.3% N/M 416.9 4. If you hope to save for a big expense about how comfortable you feel at each place.” ing campaign designed to demonstrate the new The location hosted a red carpet party on D F RUJDQL]DWLRQ Index Watch or toward your child's (or your own!) future institution. Are your questions answered 2011 Jaguar line-up. March 30. something different. LTC Properties LTC 29.42 29.48 22.85 7.2% 4.4% 4.8% 24.31 768.4 Three units Those using Image Systems equipment are education, you'll also want to find out how quickly and accurately? Do customer serv- Recycle: The first Waste Management Customers who come by Galpin for a test “March is the month to celebrate and Dow Jones S&P Valley ATM Safety In addition to the new name – which more interested in looking into the film to MannKind MNKD 3.70 10.05 3.40 3.4% -47.4% -54.1% N/M 425.2 many savings products are offered. Many ice personnel offer helpful suggestions? Will Greenopolis Kiosk in the Antelope Valley drive but who purchase within 10 days a com- remember the lives of women who have Indexes Industrial NASDAQ 500 50 he automated teller machine (ATM) banks now offer uninsured investments, the hours and locations save you time and arrived at the Lancaster Performing Arts Center. parably equipped competing vehicle (Mer- impacted us,” said Co-Founder of Total reflects the core expertise in “image science” – remove scratches and get the optimal image, Mission Valley Bancorp MVLY 0.00 0.00 0.00 -100.0% 0.0% 0.0% N/M 0.0 revolution has made banking more such as mutual funds, as well as the more meet the demands of your lifestyle? The kiosk is an interactive recycle station cedes, BMW, Audi, Lexus or Porsche) will Woman Gym & Day Spa Adrienne Stone. the company will now be divided into three Jacobsson explained. The Digital Vision cus- March 23 Close 12086.0 2698.3 1297.5 993.0 Move MOVE 2.30 2.89 1.75 8.0% 4.5% -10.5% N/M 375.5 Persistence: Mayo spent 20 years on film. :KHUH DGXOWV ZLWK GHYHORSPHQWDO FKDOOHQJHV WKULYH convenient today than ever before. traditional insured deposit accounts. Finally, look for an institution that is fed- designed to make recycling an easier and more receive a $1,000 American Express Gift Card. “Everyone has known a woman – whether it’s business units of media, defense, and motion. tomer, on the other hand, is more interested in · VICA is pleased to announce the newest inductees T While both companies were growing on what is on the film, he added. ZZZ9DOOH\9LOODJHRUJ IDFHERRNFRP9DOOH\9LOODJH/$ April 6 Close 12426.8 2799.8 1335.5 1019.2 MRV Communications MRVC 1.51 1.90 1.15 -3.8% 17.1% -15.6% N/M 237.7 With the touch of a few buttons, you can 5.Whattimeofdaydoyouexpecttodo erally insured. This means your deposits enjoyable experience for the public. After drop- “Our belief in the new 2011 Jaguar line-up their mother, sister, wife, teacher, boss, or · withdraw cash, make deposits and trans- most of your banking? Some people prefer will be protected by the FDIC. The FDIC ping off their recyclables, users can then compelled us to offer something extraordinary Mayo worked on the film for 20 years, self- friend – that has enhanced their lives for the their own, combining them puts their respec- “The media industry is fast growing and VKRZWLPH#YDOOH\YLOODJHRUJ Point Chg. 340.7 101.5 38.0 26.2 National Technical Systems NTSC 7.33 9.01 4.90 2.7% 34.0% -9.2% 11.45 77.6 into the fer funds virtually anywhere an ATM is to visit the bank during their work hours, has temporarily raised its coverage amount receive points redeemable for discounts on as proof to our customers that we believe financing the filming after investors backed out greater. These are women who paved the way tive products in the hands of new customers. demanding workflow systems,” Jacobsson 2-Wk % Chg. 2.8% 3.8% 2.9% 2.6% For the defense industry, for example, said. “The customer is not satisfied with just a Northrop Grumman NOC 62.36 65.77 48.53 1.4% 4.6% 6.1% 9.16 18,514.7 San Fernando Valley Business Hall of Fame located. while others prefer a bank located close to from $100,000 to $250,000 per depositor tickets to LPAC shows, as well as donate to the today’s Jaguar is a superior choice,” said Beau of the project. for us on one level or another to make us who YTD % Chg. 7.3% 5.5% 6.2% 6.4% The Bank's Role home that they can visit over the weekend. per insured bank through Dec. 31, 2013 LPAC Arts for Youth program Boeckmann, Vice President of Galpin Motors Mayo was driven to complete the film we are today.” Image Systems has scanners that can quickly scanned image; they want to get it integrated On Assignment ASGN 10.02 10.87 4.17 9.0% 35.2% 22.9% N/M 364.9 To ensure customer safety at ATMs, 6. Do you like the convenience of auto- (IRAs and certain retirement accounts are “The City of Lancaster is always looking for because many of his friends and colleagues take film shot on high speed cameras during with the workflow.” 52-Wk Chg. 13.3% 15.2% 12.3% 12.7% Power-One PWER 8.29 13.04 4.02 -0.6% 99.3% -18.7% 8.64 1,175.5 presented by Wells Fargo and Thomas Properties Group reconnaissance missions and test flights and As the chief executive (and the majority banks are putting ATMs in areas that are mated teller machines and other types of protected up to $250,000.) Look for FDIC ways to improve the community and benefit our TOLUCA LAKE donated time and effort to make it possible. SHERMAN OAKS PS Business Parks PSB 58.92 63.16 50.69 3.3% 5.4% 5.7% 37.29 1,457.7 visible by passers-by, trimming landscape electronic services — like banking through stickers on bank doors and teller windows. citizens,” said Lancaster Mayor R. Rex Parris. “I just want to repay them for all they've digitize it. Another piece of equipment can shareholder), Jacobsson said his role takes on to prevent potential criminals from hiding, your personal computer, or do you prefer to “The addition of Greenopolis to The BLVD is Screening: Director and producer Martin done even though it's taken 20 years and count- Debut: Oculus3D launched its eco-friendly then be used for advanced motion analysis. three tasks of integrating the two companies as Public Storage PSA 110.77 113.36 85.04 3.4% 17.0% 9.2% 47.14 18,849.3 Join VICA as we honor these community leaders! What it lacked is what Digital Vision pro- smoothly as possible; create up-selling oppor- Two Week Best Performers... and installing or upgrading lighting that is deal directly with bank personnel? Answer- Information provided by the ABA. not only a ‘green’ advantage for our city, but Mayo will host a screening of his film “Disci- ing,” Mayo said. glasses at CinemaCon in Las Vegas last month. Qualstar QBAK 1.78 2.02 1.40 0.0% -4.8% 5.3% N/M 21.8 bright enough for use at night. also a resource for increasing exposure to the pline” on April 13 at the Laemmle Sunset 5 The Laemmle 5 is located at 8000 Sunset vides – equipment to enhance the film and tunities; and then to get Image Systems grow- Percent Change From March 23 - April 6, 2011 Some banks also have installed cam- arts for both recyclers and community youth.” Theaters. Blvd. in West Hollywood. Please see AROUND page 31 make it cleaner. ing in 2012. ReachLocal RLOC 18.52 21.14 11.80 -10.4% 0.0% -7.0% N/M 518.5 eras, rear-view mirrors, panic buttons and Ryland Group RYL 16.23 26.03 14.16 -2.6% -28.0% -4.7% N/M 716.6 special signs. And most banks limit the Salem Communications Cl A SALM 3.76 5.50 2.10 -3.6% 9.9% 18.6% 47.00 93.3 amount of cash that can be withdrawn on Credit Dos and Don'ts Semtech SMTC 26.16 26.59 15.95 9.6% 45.0% 15.5% 21.10 1,732.1 a daily basis. Viking: Affordability of Cruises Keeping Ships Full Patrick Bet-David (right), founder of insurance agency People Helping The Customer's Role O know the power of credit. Banks request each year. To get a free copy of AROUND THE VALLEYS Simulations Plus SLP 3.13 3.74 1.76 2.3% 72.9% 16.4% 24.08 51.7 Community Redevelopment Agency CEO Christine Essel spoke at VICA’s People, was joined by Dudley Rutherford, senior pastor of Shepherd of Bank customers should always use look at your credit history as an your credit report, visit www.annualcred- Continued from page 1 land Hills. are ready to travel and starting prices for cruise common sense when using an ATM. These indication of your future financial itreport.com. The majority of Viking’s cruises are in Viking River Cruises vacations are quite affordable,” said Kate Continued from page 30 develop new products for the company’s new Sport Chalet Cl B SPCHB 2.18 4.10 1.70 -5.2% -33.1% -41.7% N/M 30.9 Newsmaker Connection event in Sherman Oaks on March 23. VICA Chair the Hills church, in the ribbon cutting for the company’s new headquarters D lacrosse line. tips are a start, but the best advice is simply behavior. By using credit wisely, you can DON'T feel pressure to get a credit card. Europe – the Netherlands, Belgium, Germany, Bernier, manager, leisure agent sales for Superior Industries Int'l SUP 25.61 26.34 12.55 5.7% 60.3% 20.7% 13.34 692.1 Daymond Rice, Essel and Los Angeles Valley College president Sue Car- in Woodland Hills. The company celebrated its move to the nearly 10,000- not to use an ATM if you feel at all uncom- build a good credit history making it easi- If you don't want one, you have the right to million fleet development program. The ships Switzerland, Austria, Hungary, Slovakia, Croa- FOUNDED: 1997 Montrose Travel Agency in Montrose. “We The glasses, developed with Look3D, are Spencer will also participate in camps, clin- square-foot office in March. made from the resin Cereplast, a renewable ics and other events. Talon International TALN 0.18 0.30 0.07 28.6% 28.6% 71.4% N/M 3.7 leo are shown from left to right. fortable doing so. ATMs provide conven- er to get loans with low interest rates, rent say "no." Under the new CARD Act 2009 will be characterized by the long and graceful tia, Serbia, Romania, Bulgaria, France and the U.S. HEADQUARTERS: Woodland Hills have found that many travelers actually feel ience, buy they haven't replaced the bank an apartment, purchase a car or home, consumers aged 18-21 cannot be solicited design of ancient Scandinavian vessels. Czech Republic but it also offers cruises in more comfortable taking a cruise vacation ver- material developed from plant sources. Spencer is a three-time national champion, Teledyne Technologies TDY 51.86 53.35 35.34 1.8% 25.3% 17.9% 15.86 1,913.6 They can be used in theaters showing films a two-time All American and a member of the teller. If you prefer, conduct your business and may even help you get a job. for credit. If you no longer wish to receive According to Richard Marnell, senior Russia, Ukraine, China, Egypt, Vietnam and CORE OF BUSINESS: Operates the world’s sus traveling independently on a land-based Tutor Perini TPC 24.97 25.48 15.56 6.0% 9.7% 16.6% 11.72 1,192.3 inthebanklobby. DO read the fine print on the credit prescreened offers, opt out by calling 1- vice president of marketing for Viking, the Cambodia. largest fleet built specifically for river vacation.” on the RealD system. U.S. National Team. To dispose of the glasses, the lenses can be “The opportunity to be one of the first ath- Cheesecake Factory CAKE 30.20 34.00 21.56 5.4% 9.4% -1.5% 22.21 1,829.0 Exercise care when using an ATM, and application. The application is a contract, 888-5-OPTOUT (1-888-567-8688) or visit company has maintained its rate of growth in travel. follow these general rules: so read it carefully before signing. Credit www.optoutprescreen.com. the river cruising market and outpaced that of “Green” ship Creative itineraries popped out and the frames tossed away with letes sponsored by Easton Lacrosse – and the THQ THQI 4.69 8.29 3.33 2.9% -38.6% -22.6% N/M 318.8 Valley Biz Seen DESTINATIONS: Europe, Russia, Egypt, other compostables and will biodegrade in a first woman – is an incredible honor,” said Protecting Your ATM Card card companies are very competitive so DON'T pay your bills late. Late pay- the ocean cruise lines by 3 to 1 and the compa- “We launched the first “green” ship in Cruise lines are adding ships to their fleet Trio-Tech International TRT 4.50 6.88 3.36 -1.1% 9.8% 7.9% 22.21 15.4 publishes photographs • Always protect your ATM card and interest rates, credit limits, grace periods, ments can affect your credit rating and ny’s steady amount of bookings for 2011 2009, Viking Legend, which was a state-of- China and Southeast Asia and getting more creative with their itineraries, compost pile in less than six months. Spencer. “I’m excited to start working with Easton and develop gear that players will keep it in a safe place, just like you would annual fees, terms and conditions may vary. increase your balance. departures backs up that statistic. the-art vessel with diesel-electric hybrid AWARDS: Conde Nast Traveler’s Gold List, industry experts say. River cruises are now Unico American UNAM 9.68 10.35 8.57 -1.7% 0.8% 5.9% 24.20 51.8 of business-related Thursday, June 9 Honor: The Valley Industry & Commerce love.” cash, credit cards or checks. DO pay at least the minimum due and DON'T spend more than you can afford. “We have just announced our Early Book- engines. There will be two more ships debut- Travel + Leisure’s World’s Best. offering family themed departures. United Online UNTD 6.39 8.72 4.75 7.0% -17.5% -3.2% 11.02 555.0 events in the valleys, • Do not leave your ATM card lying contact your creditor if you have trouble DON'T ignore the warning signs of cred- ing Discount for 2012. This growth can be ing in the coming year, the Viking Prestige in “They’ve done a phenomenal job of under- Association has chosen the inductees for its Terms of the deal were not disclosed. ...Two Week Worst Performers including parties, 6-9:30 p.m. 4th Annual San Fernando Valley Business Hall ValueClick VCLK 15.82 17.23 8.88 9.6% 59.5% -1.3% 14.38 1,294.7 around the house or on your desk at work. making payments. This will help you to it trouble. If you pay only the minimum attributed to a number of reasons. The overall Europe and what we consider the pearl of standing and meeting the needs of today’s BURBANK Percent Change From March 23 - April 6, 2011 awards dinners, benefits No one should have access to the card but avoid late fees and a rising APR. To pay off balance, pay late, use cash-advances to increased interest in river cruising resulting China’s Yangtze River the Viking Emerald,” more culture and local immersion, and upgrad- traveler. So, we would say there is an expan- of Fame. Vitesse Semiconductor VTSS 5.19 9.27 2.85 5.5% -35.0% 23.9% N/M 104.8 Sheraton Universal Hotel Being honored at the June 9 event are Clay and other celebrations. you. Immediately notify your bank if it is your balance quicker, pay more than the fund daily living expenses or transfer a lot from the desire to have a more cultural vaca- said Marnell. ed itineraries to feature tailor-made shore sion in the cruise industry,” Bernier said. Talk: Walt Disney Company DIS 42.27 44.34 30.72 0.1% 19.2% 12.7% 18.70 81,454.3 lost or stolen. minimum due. If you are unable to make of balances you might be in the "credit" tion experience, the influx of the ‘baby Viking has competition in the inland water- excursions as well as its Culture Curriculum The non-profit Cruise Lines International Lacy Aviation, the late Gene Autry, Facey Camera developer Vince Pace was one Photos must be clearly 333 Universal Hollywood Dr. Medical Group, Sierra Canyon School, and of the keynote speakers at the 2011 NAB Show • Keep your Personal Identification the minimum monthly payments, let your danger zone. Talk to a financial counseling boomer’ generation as part of river cruising ways. Uniworld, AMAWaterways and Aval- program. This features a variety of activities Association (CLIA) is North America’s largest and completely labeled Universal City Number (PIN) a secret. Never write it creditor know so they can work with you to organization to regain control of your core demographics and travelers realizing that on are its direct competition, but the industry both on board and ashore such as cooking cruise industry organization and represents the the Sheraton Universal Hotel. in Las Vegas. The Hall of Fame honors businesses and Pace appeared with filmmaker James including formal name down anywhere, especially on your ATM create a more manageable payment plan. finances. river cruising offers the ability to visit inland also competes with European bus tours. Mar- demonstrations, musical performances and a interests of 26 member lines. “Our member Top 10 Most Active Stocks of event and exact date card. DO be wary of anyone who claims they DON'T share your credit card number. ports,’’ Marnell said. nell said what sets his company apart are the host of lectures led by professional lecturers lines have maintained full occupancy through individuals who have contributed to the contin- Cameron with who he developed the 3D cam- 7-Day Average Daily Volume it took place. • Never give any information about can "fix" your credit report. The only thing Never give out credit card or personal infor- Viking was founded in 1997 by a Scandi- extras it offers such as all-inclusive itineraries and university professors. special offers and incentives even with the eco- ued economic vitality and culture of the San era system Cameron used for “Avatar.” Fernando Valley. The pair discussed recent innovations in 3D COMPANY NAME VOLUME COMPANY NAME VOLUME your ATM card or PIN over the telephone. that can fix a credit report is time and a pos- mation if you have not initiated the transac- navian and Dutch consortium that started with including wine, guided tours plus port charges. Along with the four new ships slated to be nomic climate in the last few years. Although Please e-mail The induction takes place at Sheraton Uni- technology and their possible implications for DIS ...... 7,276,154 THQI...... 1,410,027 For example, if you receive a call, suppos- itive payment history. tion. Be aware of identity theft and phishing the purchase of four Russian ships. The com- There is wi-fi in the ships’ staterooms. delivered at the end of this year, Viking plans this affected revenue somewhat, their strong photos to Call 818.817.0545 or visit www.vica.com for more information edly from your bank or possibly the police, DO order a copy of your credit report scams that ask for credit card numbers. If pany has offices in China, Russia, Germany, “We also offer local bites on the sundecks, to continue with the fleet development pro- bookings for 2010 and beyond have allowed versal Hotel. the entertainment industry in the near future. To learn more, visit chase.com/commercial. CPST ...... 7,106,368 VCLK...... 1,109,982 [email protected] Sponsorships available! wanting to verify your PIN, do not give that annually. You have the right to know what you suspect that your identity has been UK and Australia with its “on board” service during events we call ‘A taste of….’ where we gram and build six additional ships in 2013 lines to begin to increase fares back to more Call (818) 817-0545 for more information. Individually and collectively Cameron and information. Notify the police immediately. is in your credit report. The Fair Credit compromised, file a complaint with the facility in Basel, Switzerland. When Viking introduce our guests to the types of food locals and 2014. typical levels. In fact, no CLIA lines left the Pace have used their camera system to capture AMGN ...... 5,648,848 AVAV ...... 931,878 and don’t forget VAN NUYS some of the world’s most captivating images and -30RUJDQ &KDVH %DQN 1$ 0HPEHU )',& ³&KDVH´ LV D PDUNHWLQJ QDPH IRU FHUWDLQ EXVLQHVVHV RI -30RUJDQ &KDVH &R DQG LWV VXEVLGLDULHV FROOHFWLYHO\ ³-30&´ 3URGXFWV DQG VHUYLFHV PD\ EH SURYLGHG E\ FRPPHUFLDO EDQNLQJ DI¿OLDWHV RU RWKHU HQWLWLHV Reporting Act requires each of the three Federal Trade Commission by calling 1-877- expanded into the North American market get when they want a simple bite to eat,” Mar- “Despite a slowing economy, the cruise industry and there are 22 ships on order over to include PWER ...... 3,620,679 DWA...... 838,338 Information was provided by the ABA major credit bureaus to provide you with a ID-THEFT (1-877-438-4338); TDD: 202- with more new ships in 2000, it also estab- nell said. industry continues to grow in popularity in the the next two years,” said Lanie Fagan, direc- productions of our time including such films as contact information. Promote: Easton Sports has signed “Tron: Legacy,” “Aliens of the Deep,” “Ghosts Education Foundation. free copy of your credit report at your 326-2502, or visit www.ftc.gov/idtheft. lished a U.S. corporate headquarters in Wood- Viking has been embracing requests for North American market. It seems customers tor of communications for CLIA. NOC...... 2,487,045 CAKE ...... 836,118 Luna Blu frozen yogurt cafe celebrated its grand opening on March 24 at the Simi Valley Town Center. Danielle Spencer to a multi-year contract to of the Abyss,” “Titanic,” and “The Abyss.” 34 35 36 37 38 39 40

SAN FERNANDO VALLEY BUSINESS JOURNAL April 11, 2011 35 36 April 11, 2011 SAN FERNANDO VALLEY BUSINESS JOURNAL SAN FERNANDO VALLEY BUSINESS JOURNAL April 11, 2011 37 CALENDAR 40 April 11, 2011 SAN FERNANDO VALLEY BUSINESS JOURNAL 34 April 11, 2011 SAN FERNANDO VALLEY BUSINESS JOURNAL 38 April 11, 2011 COMMENTARY SAN FERNANDO VALLEY BUSINESS JOURNAL SAN FERNANDO VALLEY BUSINESS JOURNAL COMMENTARY April 11, 2011 39 Vons Funds Medical Program Using Apple Devices Bank: More Personal Service ‘We undo what ‘That’s how we ‘This for us is The ABCs of Financial Statements After 5 – Networking@Night make health care just exciting, lots Tuesday, April 12 10:30 a.m. – 12:30 p.m. Saturday, April 23 5:30 p.m. – 7:30 p.m. HEALTH: iPad2, iPod Touch surrounding community," said Dave Styler, the computer SCORE Los Angeles Chapter Greater San Fernando Valley Chamber of Commerce president and CEO of the Lockheed Federal Continued from page 1 some of Bank of America’s newest products, tries to do.’ happen.’ of space.’ Online Health Insurance Exchange Will Help Small Businesses Effective HR Practices 330 N. Brand Blvd. Suite 190, Glendale How to Structure Partnerships and The Beverly Garland Credit Union. such as a scanning service that allows business Making The Best Sports Land Use Decisions 10 a.m. – 1 p.m. $35 in advance; $45 at the door Raise Money for Your Next Deal 4222 Vineland Ave., North Hollywood will connect doctors with skilled By RON GOLDSTEIN exchanges make good sense. And while they create more efficient markets and extend do so by increasing their premium contribu- The project is also made possible through new small business bankers are new to the owners to make deposits without having to Ted Moser, Arthur Zenian, Aaron Labowitz, 21600 Oxnard St., Suite 250, SCORE Los Angeles Chapter Contact & RSVP: (818) 552-3206 7:45 a.m. – 2 p.m. $10/members; $15/non-members GALPIN GETS IT. may not yet have captured the public imagina- coverage to many of the more than 45 million tion, generally through payroll deduction. hile many Angelenos are abuzz over place where it’s more accessibility on Sunday mornings where NFL 330 N. Brand Blvd. Suite 190, Glendale nursing center residents. the support of Tim Tilton of T&T Improve- company, said Lynn Fernandez, who was leave their offices. Picture Car enBio, Entertainment Earth, Woodland Hills, CA 91367 Dynamics Capital Group Contact & RSVP: (818)989-0300 n an attempt to drive down costs and make tion or spotlight to the extent other healthcare currently uninsured. And, for the first time that an ambitious plan to construct a new accessible for visitors fans begin to congregate and cook up some $35 in advance; $45 at the door Luxe Hotel ments Painting Company, Dunn Edwards The Greater San Fernando Valley Chapter of the recently named Bank of America’s small busi- Bank officials also said some of the most Warehouse, PAGE 8 PAGE 4 Main Phone: 818-676-1750 • FAX: 818-676-1747 the purchasing of health insurance more issues have, the impact exchanges may have we’re aware of, exchanges will give consumers California model football stadium in Downtown L.A. to L.A., such as adja- nutritionally-challenged delicacies. www.sfvbj.com Contact & RSVP: (818) 552-3206 Saturday, April 16 14461 W Sunset Blvd. Los Angeles Friday, April 29 This is a regular feature on philanthropic Paints and Santoro's Submarine ness banker region executive for the Pacific popular products among small business clients PAGE 10 W $219 until April 20; $249 after April 20 activities by Valley-area businesspeople and Sandwiches. Association of Fundraising Professionals Southwest region. She said the hiring effort are offered in an online banking suite. With I“value based,” California is currently in will be felt throughout the country; and they and employers similar health insurance options Perhaps the best news of all is that we as part of the Convention Center complex, cent to LAX? Building a football stadium at Chavez Financial Projections for Your Business Plan Contact & RSVP: (310) 471-0650 QuickBooks Part I the process of creating an Internet-based could, in fact, end up a bellwether for how as are available to members of Congress. already know that health insurance exchanges now is a good time to rethink the locations of Recently, I attended Ravine is nothing new. In fact, Peter O’Malley PUBLISHER & PRESIDENT 10 a.m.-12 p.m. 10 a.m. – 1 p.m. companies. The credit union offers a Volunteer-Time- has partnered with the focused on locals and those with experience in the suite, the business owners can manage Wednesday, April 13 health insurance exchange that will help con- healthcare reform is judged for generations to For San Fernando Valley-based small work, as Southern California is home to some of the city’s largest attractions and rev- a three-day conference pursued it before getting too many political Pegi Matsuda SCORE Los Angeles Chapter Small Business Development Center Off program that gives each employee up to a variety of backgrounds, such as business and their accounts online, send their bills directly General Assembly Luncheon A $20,000 donation from the Vons eight hours per year to volunteer during the San Fernando Valley Business Journal financial services, business consulting and to the vendor’s bank, use online payroll serv- sumers here in the San Fernando Valley and come. business owners looking for financial relief for America’s most successful and mature health enue generators. of about 400 people at cold shoulders and eventually selling the [email protected] / 818.676.1750 330 N. Brand Blvd. Suite 190, Glendale Monday, April 25 City of Calabasas Library around the rest of the state comparison shop w/guest speaker Dr. Sanford M. Shapero $35 in advance; $45 at the door 200 Civic Center Way, Calabasas Foundation to Valley Presbyterian Hospi- work day. for the 2011 entrepreneurship. ices for up to 150 employees and use express their health insurance expenditures, exchanges insurance exchange. Locally-based Californi- Football has overtaken baseball as the a hotel on Century Dodgers to FOX. 11:30 a.m. – 1:30 p.m. Contact & RSVP: (818) 552-3206 Job Search Workshop $65; plus parking for affordable health coverage. Online mall are a logical path to travel. aChoice, has been successfully operating for national pastime, and the game day experience Blvd. Its proximity to What O’Malley did not entertain was relo- EDITOR 8:30 a.m. – 1 p.m.., through April 29 tal’s Amputation Prevention Center will invoicing. United Chambers of Commerce Contact & RSVP: (661) 362-5900 or For business owners, the concept of an Health insurance exchanges promote The first thing local employers will need to 15 years and currently serves close to 12,000 has evolved into something much more than LAX made it conven- cating Dodger Stadium. As a lifelong Dodger Jason Schaff Sportsman Lodge Events Center OPEN, a chapter of Experience Unlimited help develop the center’s community pilot Providence Donates to Personalized service [email protected] exchange is welcome news as they battle ris- choice and make health insurance purchasing do is convert their funding of their employee employers and in excess of 150,000 members. just going to the game. Nowadays, football fans CAPITOL ient for most, but at fan who attends fewer and fewer games each [email protected] / 818. 316.3125 12833 Ventura Blvd., Studio City Tuesday, April 19 Job and Career Center telemedicine program. Non-Profits With the Small Business Banker program Kolodziejski, Chris...... 5 Rocha, Frances ...... 21 $30 980 Enchanted Way Suite, Simi Valley The donation was awarded to the center National Philanthropy Day in place, the new bankers will consult with New Bankers PEOPLE IN THE NEWS ing health insurance premiums that statewide more value based by creating a sort of online health benefits program from the traditional CaliforniaChoice’s topping of 20 million travel hundreds of miles each weekend to tail- OFFENSES night, there was noth- season, I’d much prefer downtown L.A. as a Krikorian, Raffi D...... 1 Rockhill, Rick...... 21 increased 7.5 percent in 2009 (as compared to shopping mall where consumers, employers defined-benefit approach to a defined-contri- member months in 2010 (the first exchange in gate, barbeque, eat, drink, and (many of them) ing for anyone to do location for baseball instead of football. On STAFF REPORTERS Contact: (818) 981-4491 Free Wednesday, May 4 during its first-year anniversary celebration on Providence Health & Services donated small business owners at their companies to Monthly Business Luncheon Contact & RSVP: www.eu-open.org Breakdown of the local hiring of small A DeFevere, Katherine...... 12 L Rogers, John...... 1 a 0.6 percent decrease in overall consumer and brokers can visit to see health insurance bution model. Here employers provide the nation to do so) demonstrates that if watch the game from inside the stadium. Brendan Huffman except eat and drink at weekends, I want to leisurely tailgate. On Mark Madler Business Networking Breakfast March 23. more than $250,000 to 14 non-profit groups in assess their banking needs. The focus of the PR Pop Up Happy Hour 11:45 a.m. On this day, individuals and corporations from business bankers at Bank of America prices). Since 2002 premiums have increased plans side by side and compare benefits, costs employees a set voucher-like premium contri- properly established and managed exchanges Newer stadiums, such as FedEx Field in the hotel. weeknights, I’m in a hurry either coming from [email protected] / 818. 316.3126 Valley Industry Association 7 a.m. – 9 a.m. The telemedicine program will partner the San Fernando and Santa Clarita valleys program is on businesses with annual revenues Anderson, Roy...... 1 Diamond-De La Mata, Roseanne..11 Labowitz, Aaron ...... 4 Ruffner, Steve...... 6 5 p.m. – 8 p.m. Donation: Daymond Rice (far left) presents a check to staff at the Valley by 117.5 percent, more than four times the and other features. Each of the health plans bution, and employees are then free to select have the capacity to help us move to a more Landover, Maryland (where the Washington A new convention center near LAX would work to games, or rushing home afterwards advertising, aviation and aerospace, law, Valencia Country Club Wednesday, April 27 Woodland Hills-Tarzana Chamber of Commerce with Country Villa – a skilled-nursing facili- that serve individuals in need. around the San Fernando Valley will be recognized for between $250,000 and $3 million. SAN FERNANDO VALLEY 22 Azzi, Tony ...... 21 Dwyer, Todd ...... 16, 22 Ladd, Julia...... 12 S Makeover Media & Roz Wolf PR Presbyterian Amputation Prevention Center on behalf of the Vons Foundation for 23.1 percent increase in California’s overall offered in an exchange will include an essen- from multiple health plan options at various rational and affordable method of purchasing Redskins moved in 1998) and Cowboys Stadi- have several benefits, including visitors avoid- before I fall asleep. manufacturing, marketing and public relations, THE POWER OF TRUST White Hart Pub 27330 Tourney Road, Valencia Woodland Hills Country Club ty owner, operator and manager – at its facili- Some of those individuals served by the “(Owners of) small businesses, they’re very B E-F Network Connection Breakfast the hospital’s new telemedicine program. their tireless efforts in our community. GLENDALE / BURBANK 6 Lederer, Jill ...... 5 Scanlon, Sean ...... 14 inflation rate. tial set of benefits that provide healthcare price points and benefit levels offered within health coverage. And in this era of political um in Arlington, Texas (where the Cowboys ing an hour or more to get from LAX to Down- Going to Dodger Stadium, with its remote media and entertainment, transportation, 22456 Ventura Blvd., Woodland Hills $40/members; $50/visitors 21150 Dumetz Road, Woodland Hills ties in Van Nuys and North Hills. The pilot groups include the homeless, the uninsured in busy people and they appreciate the fact that 7: 15 a.m. – 9 a.m. CONEJO VALLEY Cities of Burbank, Antelope Valley and Simi Valley Free Contact & RSVP: (661) 294-8088 $20/members and one-time trial guests; program will test off-site consultations for the The company partnered with Habitat for Participating Vons stores include those in need of medical care, school children in you come in and spend time with their busi- 3 Barsamian, Greg K...... 1 Ehrlich, Tamara...... 11 Lenners, Greg...... 12 Smith, Nate ...... 12 The impetus for this is the 2010 Patient services with different levels of cost sharing. the exchange. rhetoric and dueling parties, isn’t that some- moved last year) are being built away from town L.A. In other cities, hotels and malls are location and pricey parking, requires too much Greater San Fernando Valley Chamber of Commerce walk ins add $5 Protection and Affordable Care Act, which Multiple benefit categories will exist, so To help them make an informed decision, thing we can all embrace? urban settings so that fans have enough open connected or at least adjacent to convention effort on weeknights. About 80 percent of base- Contact & RSVP:[email protected] Braemar Country Club Amputation Prevention Center using iPad 2 Humanity San Fernando/Santa Clarita Val- Canoga Park, Woodland Hills, Mission Hills, low-income areas and others in need. NOMINATIONS are now being accepted. ness,” Fernandez said. “They appreciate the SIMI VALLEY 2 Beitler, Barry...... 1 Elliott, Chris ...... 12 Levy, Jackie...... 12 Solomon, David...... 16, 22 Trust can’t be bought...it must be earned. That’s what Galpin Contact & RSVP: (818) 347-4737 mandates that every state establish a health purchasers can choose the one that best meets these employees must be provided with such space to recreate before games. As a UCLA centers so that visitors have more places to ball games are played at night, all week long. Jessica Vernabe WHY GO GALPIN? Wednesday, April 20 4001 Reseda Blvd., Tarzana and iPod Touch devices. leys on Feb. 26 as part of its Impact giving Tarzana, Reseda, Northridge and Granada The chosen organizations include the fact that they don’t have to travel.” SANTA CLARITA VALLEY 2 Belton, Dawn...... 1 Fagan, Lanie...... 1 M Styler, David ...... 35 [email protected] / 818. 316.3123 Motors has been doing since 1946 – earning the trust and $20/members; $25/non-members insurance exchange by January 1, 2014, or their needs and pocketbook. Individuals who decision-making tools as comparative provider Ron Goldstein is president of Southern fan, the tailgating at the Rose Bowl –withits spend money and generate tax revenues (and Like Laker games, I’d be far more likely to go “We believe this is the first program to use program, which provides volunteer Hills. Participating Pavilions stores include following: Chrysalis, El Nido Family Cen- To nominate for the following categories, visit www.afp-gsfv.org Another part of the bankers’ role will be to ANTELOPE VALLEY T education, family business, government and politics, Thursday, April 14 Small Business Forum Contact & RSVP: (818)989-0300 1 Bernier, Kate...... 1 Fernandez, Lynn...... 1 Marnell, Richard ...... 1 default to a federal “fallback” program. cannot afford to purchase a plan in an and formulary directories, information on spe- California-based CHOICE Administrators large golf course and peaceful surroundings – create jobs). LAX is also a lot closer to the to Dodger games if I could arrange my after- confidence of California residents with a total dedication to Wednesday, May 11 telemedicine to treat and manage (decubitus) opportunities for employees. those in Sherman Oaks and West Hills. ters, the Family Promise locations in both and click on the National Philanthropy Day tab. interact with local business organizations, such health care, hospitality and tourism, • Over 4000 Vehicles In Stock! 7:15 a.m. Bernstein, Dennis...... 8 Foster, Duke ...... 10 Regardless of what may or may not happen in exchange may be eligible for a subsidy from cial disease management programs and which develops and administers health has usually been more fun than the games in beach, which, next to Hollywood, is L.A.’s noon or evening work schedule to be down- All About Business Loans ulcers in a skilled- About 60 of the studio’s employees, In 2010, Vons raised more than $1 million the San Fernando and Santa Clarita valleys, as the Valley Economic Development McGinley, Pat ...... 12 Thomas, Ross W...... 1 insurance,restaurants, retail, each customer’s long-term satisfaction. Our commitment to 4 p.m. – 5 p.m. Simi Valley Community Development Agency Business Networking Mixer 4th Annual CFO Awards the 112th Congress as a result of November’s the government based on income and family insurance exchanges. Colise- • Great Deals! - We wouldn’t be the nursing facility in friends and family members assisted with in support of Easter Seals Southern Family Service Agency of Burbank, Friends Center, the Valley Industry and Commerce Bilotto, Chris ...... 12 Friedman, David ...... 4 McKinnie, Michele...... 12 Thomas, Ross ...... 17 provider quality measurements. Employees recent years. Downtown L.A., even the most appealing tourist attraction. With more town prior to the game – and be able to walk or Cities of Glendale and Santa Clarita SCORE Los Angeles Chapter Grand Vista Hotel 5 p.m. - 7 p.m. 11:30 a.m. – 1:30 p.m. Corporation Professional Fundraiser mid-term elections, health insurance size … just one of the ways exchanges hope to who wish to “buy up” to costlier coverage may um where USC plays, does not offer anything visitors seeking entertainment, presumably the take the DASH. Options are limited for access- you has paid off! People trust Galpin for the right selection, the #1 Volume Ford Dealer In the World for 999 Enchanted Way, Simi Valley San Fernando Valley Business Journal GIVING the state of Cali- construction, digging and planting. Three California. of the Family, Gentle Barn, Guardian Association and the Valley Economic Increased lending Bright, Richard ...... 1, 17 G Mezger, Jeffrey...... 6 Tilton, Tim...... 35 330 N. Brand Blvd., Glendale Woodland Hills-Tarzana Chamber of Commerce near what the Rose Bowl does in terms of typi- variety of nearby hotels and restaurants would ing Chavez Ravine. right price and the right service. That’s how we sell more Fords Free Nicola's Kitchen Warner Center Marriott fornia and has the families chosen as recipients of Habitat homes Angel Catholic School, Guardian Angel Corporate Foundation Volunteer Alliance. Bank of America increased its small busi- RESEARCHER 20 consecutive years, the #1 Volume Free Burbage, Tom...... 14 Gabler, Brian...... 4 Miller, Janice L...... 12 Tingus, Mike...... 1, 16, 17 cal pre-game festivities for fans. improve. Simply put, football games attract the week- Contact & RSVP: (818) 552-3206 Contact & RSVP: (805) 583-6701 20969 Ventura Blvd., Woodland Hills 21850 Oxnard St., Woodland Hills potential to trans- also attended the event. Credit Union Paints Center School in Pacoima, Kids Community Dental Private Foundation Volunteer Organization The new program, which was announced ness lending to $92 billion in 2010, represent- Josh Dausch than any other dealer in the world, more Jaguars than any Jaguar Dealer in the USA, and the Members free; $10/one-time trial guests $100 Contact & RSVP: (818) 676-1750 Byrne, Pat ...... 14 Garcia, Andrew...... 12 Miller, Jonathan ...... 11 Torgan, Michael...... 35 Somehow, the idea of tailgating in a down- Back to the NFL stadium. If not in Down- end crowd with cars big enough to carry tailgat- form healthcare delivery,” said Michael Tor- Clinic, Plummer Elementary School, St. Philanthropist Youth Volunteer last fall, was spearheaded after feedback from ing a year-over-year increase of $10.5 billion, [email protected] / 818. 316.3130 other dealer in America and the most Mazdas, Lincolns and #1 Mazda and Lincoln/Mercury Dealer Chamber Networking Breakfast Contact & RSVP: (818) 347-4737 gan, president of Country Villa. Lockheed Federal Credit Union employ- Didacus Schools in Sylmar, St. Ferdinand customers showed there was demand for more C Gordon, Daniyel ...... 12 Moser, Ted...... 10 Troxel, Lauren...... 8 town parking structure does not appeal to me. town L.A., where should a stadium go? This ing accessories. In contrast, baseball attracts Thursday, April 21 Grocery Stores Help Disabled Fernandez said. She added that the bank is Mercurys in the Western USA! in the Western USA, if the deals 7:15 a.m. – 8:45 a.m. Daymond Rice, director of governmental ees plan to give a Burbank-based nonprofit School in San Fernando, Santa Rosa School specialized services for small businesses. hoping the trend will continue as the economy Chandani, Raj...... 12 Gottlieb, Alan...... 14 N-O Tutor: Builder Has Been in Growth Mode in 2011 Nor does spending an hour or two trying to get question might be moot since a proposal for City more of the after-work crowd. Moreover, base- CONTRIBUTING COLUMNISTS Wednesday, May 18 Tutor, Ronald ...... 1 Calabasas Chamber of Commerce Z Awards Luncheon and public affairs for the Vons Foundation, Vons and Pavilions stores in the San Fer- activity and daycare center a new look. in San Fernando, Tarzana Treatment Dawn Belton, who manages Bank of picks up. H-J on the 110 freeway along with 80,000 other fans. of Industry has already received environmental ball games attract half the attendance of foot- Martin M. Cooper Our Changing Valley weren’t great! Hilton Garden Inn – Calabasas Thursday, April 28 For more information, contact National Philanthropy Day Chairs: Chung, Richard ...... 12 Nathanson, Todd...... 1, 16 V-W We truly appreciate the trust of our customers and the 11:30 a.m. – 1:30 p.m. said Vons realizes the importance of giving nando Valley are raising money in April to As part of the credit union's community Center, Valley Care Community Consor- America’s San Fernando Valley locations, said The bank has also reached out to its busi- Continued from page 1 Contracting Group was acquired about six or (NYSE:TPC) Part of the latest NFL stadium proposal is to clearance and requires no land swaps or loan ball games, so the traffic impact in Downtown Brendan Huffman Capitol Offenses 24150 Park Sorrento, Calabasas Los Angeles City Councilman Dennis Zine Monster Marketing Mistakes 11:30 a.m. – 1:15 p.m. Claridge, Ray...... 10 Hammon, Billy...... 10 O’Connel, Dave ...... 1 Velador, Stephani ...... 4 seven years ago. Tutor Perini Corporation Chart demolish a section of the L.A. Convention Cen- guarantees from cash-strapped municipalities. L.A. would not be as significant as football • Family Owned for Over 60 Years $15/members; $20/first-time visitors back to the community. help local residents who have disabilities. project, Partner to Paint, 30 employees will tium and Work of Angels. Jenny Daniels Freese or Anush Sumian at Valley Village she has already noticed the benefits the new ness clientele in other ways. community we have so proudly served for over 60 years. We Warner Center Marriott 10 a.m. – 1 p.m. Woodland Hills-Tarzana Chamber of Commerce Coburn, Shanna ...... 12 Helm, Myles ...... 1 P “I think this is part of their strategy to con- Anderson described the group of companies ter which, although enjoying increased business There are many financial and marketing games. PHOTOGRAPHER (818) 222-5680 21850 Oxnard St., Woodland Hills Warner Center Marriott “Telemedicine will enable the center to Throughout the month-long campaign, volunteer on April 14 to paint the exterior of The grants were presented on March 29 at bankers provide. Last year, Bank of America increased credit Weiner, Matthew...... 10 are grateful that most of our patrons are repeat customers or • Friendly, Knowledgeable Sales Staff Premier America Credit Union tinue to grow the business and expand,” Rogers and Tutor Perini as having some similarities. I Location: Sylmar $25.00 in the past few years, is clearly outdated, and benefits associated with a stadium out in City If the city is going to go through the exer- David Sprague $40 21850 Oxnard St., Woodland Hills reach those in need in distant places and we customers will be given the option at every BCR's "a place to grow" facility. BCR Providence Tarzana Medical Center. (818) 587-9450 “As a result of their efforts to develop busi- to small businesses to $18 billion from $16.5 Collins, Ron...... 12 Ibarra, Cynthia...... 4 Pearson, Richard...... 1, 22 Whitney, Gregory...... 12 $24.70 19867 Prairie St., Chatsworth said. He added that Tutor Perini already has a “We do government, we do entertainment, personal referrals. This motivates us to constantly upgrade Contact & RSVP: (818) 756-8848 or $35 $25.members and one-time trial guest; are proud to be a part of this initiative.” check-out counter to make contributions to provides day activities and extended daycare Funding came from the Mother Joseph ness in the areas and because of all the book of billion the previous year. $24.75 does not have enough affordable hotel rooms of Industry (which, by the way, usually takes cise of figuring out how to bring football to [the • Choose From 9 Different Franchises Register at www.afp-gsfv.org Conn, Patrick J...... 1 Jacobson, Mikael ...... 1 Pope, Jan ...... 1 Wolfson, Scott...... 14 I CEO: Ronald N. Tutor $24.97 ADVERTISING SALES MANAGER Friday, April 15 (818) 347-4737 Contact & Registration: SBDC (661) 362-5900 walk ins add $5 Easter Seals Disability Services. programs to children and adults with Fund, which holds a portion of profits from business that many of them had before they In June, it increased its spending with strong presence in the West, the Northeast and we do gaming, commercial – we do basically $24.50 nearby to reach its potential. me about the same amount of time to reach city of] Los Angeles, I hope that a substantive our performance at Galpin…to keep your trust and build on it! Contact & RSVP: (818) 347-4737 Connor, Kara ...... 8 Joshi, Ash...... 21 Popeil, Ron...... 4 Z Jamie Chien • Over 100 Finance Sources QuickBooks Part I The donations will help the organization developmental disabilities. the three Providence medical centers in the joined our team, we’ve been able to get hun- down in Florida, and adding a Southeast mar- the same work, but just in different markets,” I Employees: 3,096 $24.06 For many of us, however, the Convention from my home in Studio City as Staples Cen- conversation will occur about whether we’re Studio Employees Build Homes small, medium-sized and diverse businesses, K $24.25 2 p.m. – 5 p.m. Get Informed on Leave of Absence Requests Beginning Quickbooks provide jobs training and employment oppor- "We appreciate the opportunity to assist in San Fernando Valley. In profitable months, dreds of new consumer relationships,” Belton committing to purchasing $10 billion in prod- Cortez, Tony...... 14 Principe, Tony...... 1 Zander, Dean...... 1, 16 ket will likely add to the company’s financial Anderson added. Center is not accessible enough to want to go ter does), but I won’t address them here. maximizing our wisest land use and economic [email protected] / 818.676.1750 x 19 Please contact me directly and I will personally connect you • Galpin Auto Sports (G.A.S.) World Small Business Development Center 7:15 a.m. – 11:30 a.m. 10 a.m. – 12 p.m. growth prospects. Ander- I Market Cap: $1.2 billion $24.00 even for some of its most popular conventions Just for fun, let’s say that the best location potentials. economic development, education, health care, Send items for the calendar section of the Business Warner Bros. Entertainment employees tunities, pre-school and after-school services, our community, and it's especially gratifying each hospital donates 5 percent of its proceeds said. “The strategy is really paying off ucts and services from those suppliers over five Cummings, Scott ...... 12 Keurjian, Mike...... 12 Pupil, Martin ...... 1 Zenian, Arthur...... 8 Bert Boeckmann with the appropriate manager to take care of your needs. 26455 Rockwell Canyon Road, Santa Clarita San Fernando Valley Employer Advisory Council SCORE Los Angeles Chapter law, municipalities Famous Customizing Shop for all Journal to Staff Reporter Mark Madler at D PUBLIC son Com- $23.75 such as – HempCon, TatooNation and for a football stadium is within the City of Los $65; plus parking Airtel Hotel 330 N. Brand Blvd. Suite 190, Glendale recently helped build homes for low-income, independent living options and services that to benefit an organization that does such a to the fund. already.” years. Klafter, Erik ...... 12 R Zugsmith, Michael...... 1, 17 Resources for Anderson I PE (ttm): 11 $23.16 Owner/President, Galpin Motors makes and models! [email protected] or via fax at (818) 676-1747. panies also EXXXoticaExpo. (Full disclosure: I’ve never Angeles. But is the best location for football in Brendan Huffman is a Valley-based strategic 818.778.2110 Contact & RSVP: (661) 362-5900 or 7277 Valjean Ave. Van Nuys $35 in advance; $45 at the door working families in Pacoima. help adults learn daily living and social skills. remarkable job serving Burbank and the – Compiled by Jessica Vernabe Belton said those relationships have result- As of last August, the bank also started Danko, Heather ...... 12 Klein, John J...... 1 $23.50 ADVERTISING ACCOUNT MANAGERS $75/members; $85/non-members Rice, Daymond...... 35 Anderson Companies, which will maintain COMPANIES has expert- I EPS (ttm): 2.13 $23.52 been to these events, but I hear they rock). Downtown L.A. or could it be Chavez Ravine? communications consultant and owner of Huff- [email protected] Contact & RSVP: (818) 552-3206 City of Los Angeles ed in the bank being able to set up employers awarding $10 million in grants to non-profit $23.25 Rita Bishop Contact & RSVP: (818) 365-0655 and employees with business and personal leaders to use for loan loss reserves, which its current senior management, is also looking ise in hos- man Public Affairs, LLC as well as the co-host I Closing Price: $23.00 [email protected] / 818.676.1750 x 26 Office of Finance banking services. She also said the small busi- are required to access federal micro-lending to benefit from the merger. pitality, government, health care, industrial and Accessibility factor Dodger Stadium site of “Off The Presses,” a public affairs radio “We think (Tutor Perini’s) resources will educational facilities. (as of April 6) $24.97 $22.75 So why not have the discussion about con- Imagine rebuilding an aging Dodger Stadi- show streaming live every Thursday morning at automotive, aviation, banking and finance, BUSINESS MARKETPLACE ness bankers are able to introduce customers to capital. and mortgage K Promise Healthcare Corp ...... 8 provide an opportunity for Anderson Compa- $22.50 structing a new convention center facility some- um with its vast open space, scenic views and 11 a.m. on www.LATalkRadio.com. Chapter:7 Hydam Development Corporation File-Date:03/08/11 Faith A Ford Preet Charo Chicken; COMPANIES IN THE NEWS nies to grow, particularly in the Southeast,” said Acquisition mode BANKRUPTCIES Kaiser Federal Bank ...... 3 Providence Health & Services ...... 35 Source: Yahoo! Finance 3/7 3/14 3/21 3/28 4/6 Victoria Brown #1 VOLUME FORD DEALER IN THE WORLD FOR 20 CONSECUTIVE YEARS! Assets:N/A 311 Haigh Rd #201 Raymond H Aver 818-787-2888 DBA: Charo Chicken Roy Anderson, III, who will continue as the The Anderson purchase continues Tutor Thousand Oaks 310-473-3511 Medical supplies. 19532 Gifford Street R [email protected] / 818.676.1750 x 26 Debts:N/A BUSINESS & PROFESSIONAL SERVICES DIRECTORY A Cruise Lines International Kaiser Permanente ...... 8 acquired company’s president and CEO. Perini’s growth mode. Paramount Group Inc of Nevada Doc#SV11-12519-VK 91320 Bus type N/A. Reseda classifieds, construction, entertainment, Madler: F-35 a Global Plane KB Homes ...... 6 Real Capital Analytics...... 16 Rogers agrees with Anderson’s outlook. In January, the company announced that it “Finally, with the added capital resulting In 2010, Tutor Perini had net income of 128 Auburn Ct, Suite 202 File-Date:03/01/11 Chapter:7 Vita Nova Enterprises, Inc. 91335 Non-Tax Debtor Amnesty Program ALITA Property LLC ...... 21 Association ...... 1 hotels and hospitality, not-for-profit, property LAW PROPERTY LISTING CONSTRUCTION L Bad Timing of Payments Costing L.A. Millions Thousand Oaks Pro-per. Assets:0 Encino Leaf Investments, Inc 13571 Desmond Street Chapter:7 movements robots don’t have the dexterity to All-Marks...... 14 D Ronco ...... 4 “For a company like Anderson where had acquired construction contractor Houston- from our senior notes offering, we are pursuing $103.5 million, or $2.13 per diluted share, on management, public relations and technology 91362 R.E. Debts:183,498 Pacoima Assets:6,700 you’ve got management staying presumably, based Fisk Electric Co. in a deal worth $105 growth opportunities through acquisitions revenues of $3.2 billion. For the previous year, Editor’s note: This is the second of three 18034 Ventura Blvd, Suite 418 Save 40% on select, seriously aged outstanding City bills! Continued from page 14 perform. The manual drilling however is the Amgen ...... 16 D.A. Davidson & Co...... 1 Lee & Associates .....1, 16, 17, 21, 22 Roy Anderson Corporation...... 1 VICA year and has a poli- However, out of 37 contracts for services Chapter:7 Doc#SV11-12616-MT Encino 91331 Debts:546,339 S by aligning themselves with Tutor Perini, they million. The deal was expected to give Tutor available in the current market, including our the company had net income of $137.1 million, columns in a series that will review the status of cy of paying its reviewed by the Controller’s office, only five ADVERTISING COORDINATOR Assets:17,800,001 File-Date:03/02/11 Chapter:7 Doc#SV11-13033-MT highest source requiring repairs. Anderson Companies ...... 1 DAUM Commercial Lindero Country Club ...... 5 Almuizz, Inc; DBA: Metropolis 91316 can go after larger projects,” he said. Perini additional electrical construction capabil- recent acquisition of Fisk Electric which closed or $2.79 per diluted share, on revenues of $5.2 audits from L.A. City Controller Wendy Greuel. LOCAL UPDATE vendors 30 days included payment timelines. Rikki Valle Debts:1,534,000 4850 Louise Ave Vernon L Ellicott Chapter:7 Assets:0 File-Date:03/10/11 with The Boeing Co. “The robots on the gantry never have a bad B Real Estate Services...... 1 LNR Property ...... 16 Silver Lake Medical Center...... 8 Doc#SV11-12277-MT 805-446-6262 Debts:521,252 Anthony Egbase Anderson Companies, which was founded ities in support of non-residential building and at the beginning of the year,” said Ronald billion. By the end of both 2010 and 2009, the VICA has worked with city controllers over the from either the Unfortunately, the Audit of Early Payments [email protected] / 818.676.1750 x 18 Encino Assets:N/A “There is a lot of value lost there because day,” Burbage said. Lockheed Federal Credit Union.....35 Sodexo Inc...... 11 CATCHING THE File-Date:02/23/11 91316 Construction. Doc#SV11-13013-MT 213-620-7070 Have you been contacted by a collection agency for monies owed to the Bank of America ...... 1 Delphi Business Properties, Inc.1, 17 in 1955, had just acquired Brice Building civil operations. Tutor Perini referred to more Tutor, the company’s Chairman and CEO, in company had a backlog of uncompleted con- years to ensure audits are heard by the City date of the invoice, to Vendors is not an anomaly. Most audits find Debts:N/A we are not efficient,” Vander Wel said during a Less labor intensive manufacturing meth- Lockheed Martin...... 14 FAMILY OWNED FOR OVER 60 YEARS! MUSTANG SHOWROOM HORSELESS CARRIAGE RESTAURANT Brian Nomi Chapter:7 Doc#SV11-12663-MT File-Date:03/10/11 Restaurant. City of Los Angeles? Here is your opportunity to settle select and qualifi ed Beitler Commercial Realty Digital Theater Systems...... 16 Southern California Edison...... 6 Company in April 2010, Anderson said. Harrell deals in its last financial earnings statement. the February statement. struction work equal to $4.3 billion. Council and recommendations are implemented. LOCAL BUSINESS ISSUES or when goods or that the city is losing significant amounts of PRODUCTION MANAGER OVER 4000 CARS TO CHOOSE FROM! 805-444-5960 panel discussion about manufacturing and ods are not the only way for aircraft makers to Assets:245 A&S Business Consultants Inc File-Date:03/03/11 Lee P Mankin M Strategic Clinical Engineering...... 8 THAT FALL THROUGH services are money due to inefficiency and still little or no Marcia Lindahl Bus type N/A. delinquent accounts (does not include taxes) at a reduced rate. innovation. reduce costs. The use of composite materials – Services ...... 1 Digital Vision ...... 1 Debts:1,295,903 23371 Mulholland Dr #247 Lynne Romano 800-219-3577 Malibu Ocean View Villas, LLC s VICA continues its review of L.A. received, whichev- action is taken. Nearly half the reports Mosiac design. 11911 San Vicente Blvd To see what the future holds for aerospace a mixture of different metals and alloys – costs Binovia...... 8 Dole Food Co...... 5 Machinery Resources SunPower Corp...... 6 THE CRACKS [email protected] / 818.676.1750 x 27 Doc#SV11-12604-MT Woodland Hills 626-552-0270 City Controller audits it is becoming er is latest. This included in Greuel’s audit scorecard have not Diamond Properties LLC File-Date:03/02/11 Investment. L.A. manufacturing, one need only to look at less and the reason why the days of 90 percent Boeing Co...... 14 Downey Savings and International Inc...... 14 Supra Alloys Inc...... 14 91364 • Simply pay the Amnesty Balance owing on your collec- more and more surprising that the city practice should allow the city to maximize its experienced any actual progress toward CIRCULATION DIRECTOR 13389 Dryer St David Hagen Chapter:7 D & M Construction, Inc 90049 Northrop Grumman’s aerospace facility in metal planes are a thing of the past. Brice Building Company, LLC ...... 1 Loan Association ...... 3 Marcus & Millichap Real Estate T A Sylmar 6520 Platt Avenue #551 Chapter:11 tion letter, which is 60% of your bill and 40% will be Activity: Amgen Not Likely to Expand Local Offices manages to remain solvent. Waste and ineffi- investment earnings while still being a good implementation. Michael Levine 818-990-4416 Assets:165,000 Tomi International, Inc; DBA: Palmdale where a new integrated production The F-35 is made of 40 percent composite West Hills Assets:7,500,000 BYD Corp...... 6 E-G Investment Services ...... 1, 22 Tim-Co...... 4 91342 Bus type N/A. Debts:105,213 Tomi Medical Supply waived (not to exceed $50,000). line went active last month to make the center ciency are the prevailing themes of the audits, customer. It is always puzzling to VICA how such [email protected] / Chapter:7 91307 Debts:4,610,000 materials, as compared to 20 percent for the F- C Mellon 1st Business Bank ...... 3 Tutor Perini Corporation ...... 1 Doc#SV11-12655-MT 4570 Van Nuys Blvd #442 fuselage for the F-35 Joint Strike Fighter. 22 and a mere 2 percent for the F-16, accord- Entertainment Earth Inc...... 4 Continued from page 16 industrial market in Conejo Valley, but the sit- 100,000 square feet that has a lease expiration and even after the concerns are brought to the simple opportunities for revenue generation get 323.549.5225 x 247 Assets:N/A Benji & Associates, Inc File-Date:03/03/11 Sherman Oaks Chapter:7 Doc#SV11-13192-MT Merrill Lynch ...... 5 U uation is not as dire as what was projected of 2019. Multi-family market attention of city officials, action is slow or Too early ignored by city officials, especially when logi- Debts:N/A Assets:0 File-Date:03/15/11 While final assembly is done by Lockheed ing to Burbage. C&S Precision Machining ...... 14 GhostLight Industries ...... 10 THE PREMIER COLLECTION KID’S PLAYROOM CLUB ASTON LINCOLN & JAGUAR SHOWROOMS VOLVO SHOWROOM 23679 Calabasas Rd #738 Pro-per. 91403 LENDER OWNED NNN LEASED INVESTMENT • Act fast, the program runs from February 1 – April 30, Montrose Travel Agency ...... 1 through the office market. when Amgen was laying off hundreds of peo- The challenges in the single-family home nonexistent. Controller Greuel’s audit of vendor pay- cal solutions sit before them. In just two audits CONTROLLER Doc#SV11-12394-GM Calabasas Bus type N/A. Chapter:7 Debts:2,349,338 Andrew Goodman Martin in Texas, the F-35 is truly an interna- Getting those materials, however, may California National Bank ...... 3 Good Samaritan Hospital ...... 8 Union Bank ...... 3 Doc#SV11-13037-VK 818-887-2500 2011. Payment must be received or postmarked on or “When Countrywide purchased the build- ple from its Conejo Valley offices in 2007. Retail market market have translated to good news in the We began this series of columns by review- ments found that the city is paying these bills regarding inventory management and vendor Nancy Schwartz File-Date:02/25/11 91302 Assets:0 Offered at 8% cap rate with a 15 year term. Developed in LEGAL NOTICE tional aircraft. Manufacturers from the U.S. prove challenging as the best suppliers of met- Capital Realty Solutions ...... 21 H Mosaic Marketing Partners LLC...... 5 V Pro-per. File-Date:03/10/11 Single asset R.E. ings it owned, the prices were low and it got a While Amgen has come back strongly from The region’s retail market, recently impact- multi-family market. ing the Audit of Citywide Fixed Assets and too early and missing out on several million payments we have found millions of dollars are Chapter:7 Encino Ave Properties Inc Debts:389,082 2006 on a seperate parcel within the Simi Valley Town before the deadline of April 30, 2011. and nine other countries provided components als are likely unqualified to do the same for CB Richard Ellis Inc...... 1, 16, 17, 22 N Valley Economic Alliance...... 1 [email protected] / Single asset R.E. Assets:247 Michael H Raichelson Harrell Contracting Group, LLC...... 1 deal, which likely factored into Bank of Amer- 4926 Encino Ave Doc#SV11-12906-MT Center Regional Mall. for the first plane to take a test flight. Northrop composites. The innovation in new aircraft NAI Capital...... 1, 17 2007, Dwyer said he doesn’t anticipate the ed by the closure of several Borders Book- “There is a transitional shift toward a renter Equipment, which found that the city is losing dollars in investment earnings. If the payments being lost and nothing is being done to stop it. 323.549.5225 x 202 Debts:205,844 File-Date:03/08/11 818-444-7770 Centers Business Management ...... 1 Hendricks & Partners...... 1, 16 Valley Economic ica’s decision to retain the buildings,” Tingus company will expand its offices in the area, Encino Construction. (Fictitious Name Statement) Grumman has a company in Turkey as its sec- materials will come from smaller companies – stores, is sending mixed signals. On the plus nation,” Schiff said. “The ratio of people rent- millions of dollars by not adequately tracking were scheduled closer to the due dates, the city VICA is committed to holding our city offi- Hacienda Comanche Properties, Doc#SV11-12608-GM 91316 Contact Bill Hagelis or Rob Devericks File No. (20110452011) • Qualifying delinquent debts include, but are not limited Charles Dunn Company, Inc...... 1 Henry Mayo Newhall Natural Balance ...... 21 Development Center...... 1, 3 said. Dwyer said. side, forecasters are predicting retail sales to ing rather than owning hit 66.5 percent by its property. More shocking than the details of could see a significant improvement in its cials accountable for fiscal responsibility and ASSISTANT TO THE PUBLISHER Inc File-Date:03/02/11 805.654.9300 or email us at 1) ond source for the center fuselage. until they get snatched up by the larger suppli- Chapter:7 The following company is doing business as Montage Insurance Solutions, to, false alarm fees, ambulance billing fees, brush clear- Chase...... 3 Memorial Hospital...... 11 Northrop Grumman ...... 14 Valley Industry and What Countrywide didn’t retain has been Amgen, one of the largest employers in the grow at an annual rate of 4.8 percent over the year-end 2010. That is a 12-year low in the the report, is that none of the Controller’s investment return. encourages members of the community to do Michael Stirk 6511 Comanche Ave David Hagen Bankruptcy information is supplied by Timely Info of Chapter 13: a bankruptcy plan available to individuals [email protected] 2) Upgrades have also been done in Ft. ers wanting to build up their capabilities. Assets:N/A 22110 Clarendon St., Suite 201 Woodland Hills, CA 91367. Simplan, 22110 ance fees, code enforcement fees, building and safety O Commerce Association ...... 1 absorbed by the market. Conejo Valley, has 3 million square feet of next five years, according to a CBRE fourth ratio of people owning to renting on a national recommendations to improve the process have The audit pointed to some key problems the same. In difficult economic times it is more Winnetka 818-990-4416 Debts:N/A Los Angeles, Jack Vaughn (323) 664-4423. whose “income is sufficiently stable and regular to Clarendon St., Suite 201 Woodland Hills, CA 91367. 3) Pilothouse, 22110 Worth, where the F-16 and F-22 have been For consolidation is another mark of this Cinema Vehicle Services ...... 10 I [email protected] / 818.676.1750 x 13 91306 Countrywide sold about 82,000 square feet GALPIN MAZDA GALPIN HONDA Bus type N/A. Doc#SV11-12656-MT enable such individual to make payments under a Clarendon St., Suite 201 Woodland Hills, CA 91367. 4) Legacy Ensure, 22110 fines, public works permits, and certain other City fees assembled. Lessons learned from those air- industry in transition. Cohr Inc...... 8 Osteon Enterprises LLC ...... 21 Viking River Cruises...... 1 office space and labs, Dwyer said. quarter retail market report. basis.” been implemented. with the management of vendor payments. The important than ever to operate government in STARBUCKS GALPIN AUTO SPORTS GALPIN SANTA CLARITA Chapter:7 Chapter 7: a “straight” liquidation bankruptcy involv- illi Commercial Real Estate ...... 1, 16 File-Date:03/03/11 plan.” The debtor makes payments to a trustee who Clarendon St., Suite 201 Woodland Hills, CA 91367. 5) HR Summit, 22110 P in Calabasas to Digital Theater Systems in Of that number, Amgen put a half million “Clearly rents are increasing and the vacan- Asking rents were projected to increase by The second audit currently under VICA’s most glaring is that city workers are not using an efficient manner. Before vital services are Material published in the San Fernando Valley Business Journal is copyrighted Assets:N/A ing an appointed trustee to sell all assets by auction or that have been referred for collection to the City’s con- craft were put into the manufacturing process “It is going to be a big change because of Coldwell Banker Commercial North Image Systems ...... 1 Vons Foundation...... 35 CBJ, LP 5431 Topeka Inc Pro-per. disburses the funds to creditors. Clarendon St., Suite 201 Woodland Hills, CA 91367. This business is being 2008 prior to the Bank of America buyout, square feet on the market for sublease in cy is being absorbed,” Nathanson said. “Lease 1.8 percent to $1,395 in the Greater Los Ange- examination, which reviews early payments to the payment scheduling tools offered by the cut or taxes raised, the city must take a hard by or its licensors, including any original wire services. Such material is Get Noticed! for the F-35 in addition to using the latest mass production,” Vander Wel said of compos- W protected by U.S. and international copyright laws and treaties. All rights Debts:N/A other means to pay creditors and trustee fees. County ...... 1 Panorama City Neighborhood 5431 Topeka Dr Investment. conducted by Danone Simpson Insurance Services LLC, 22110 Clarendon St., tracted collection agencies. Integrated Support Solutions Inc...11 said Tom Dwyer, a senior vice president in the fourth quarter 2008, but currently is marketing rates are up by close to 17 percent.” les market in 2011 and the vacancy level was vendors, is just as concerning. This audit was city’s two procurement systems. Simply taking look at these audits and implement these cost- #1 VOLUME FORD DEALER IN THE WORLD • #1 VOLUME JAGUAR DEALER IN USA Doc#SV11-12401-GM Involuntary bankruptcy: technology, such as giving workers access to ite materials. “It will put a strain on the supply reserved. Certain trademarks, services marks and trade names appearing in this Chapter 11: the debtor is forced into bank- Suite 201 Woodland Hills, CA 91367. This registrant has not commenced Colliers International...... 1, 21 Council...... 3 Warner Bros. Entertainment ...... 35 publication are owned by CBJ, LP. All other trademarks, service marks and trade File-Date:02/25/11 Tarzana a process which allows a business to gain Showcase your ad in the Investment Real Estate Associates .1 Camarillo office of CB Richard Ellis. An 300,000 square feet for sublease in Thousand The overall vacancy rate in the retail mar- expected to drop by 50 basis points to 4.4 per- initially released December 2009 and did not advantage of these capabilities and scheduling saving strategies. #1 LINCOLN/MERCURY DEALER IN THE WESTERN USA • #1 MAZDA DEALER IN THE WESTERN USA 91356 LAX,LLC temporary relief from paying debt in order to attempt a ruptcy by secured creditors whose claims total at least business under the fictitious name.This statement was filed with the County Clerk the digital design database right on the factory chain when it comes to procurement.” names appearing in this publication are the property of their respective owners. Pro-per. Comco Inc...... 14 J Panorama Mall...... 3 Wells Fargo ...... 3 industrial user purchased a 70,000 square foot Oaks, Dwyer said. The lease on 200,000 kets of greater Los Angeles is 6.2 percent, con- cent this year, according to the 2011 annual go before the City Council until March 2010. payments closer to the due dates could increase Readers of The San Fernando Valley Business Journal may not reproduce, Chapter:7 6066 Reseda Blvd successful reorganization. The debtor remains in con- $220,000. Involuntary bankruptcy may be filed under of Los Angeles on March 25, 2011. This fictitious business name expires on floor, said Tom Burbage, executive vice presi- Investment. BUSINESS MARKETPLACE For additional information, you can visit the City website at Countrywide Financial ...... 16 Pharmaceutical Litho & Label...... 4 Westcord Commercial office building and 100,000 square feet of square feet in two office buildings expires in sidered a healthy rate, but half of the region’s report from Marcus & Millichap. None of the recommendations outlined in the city revenue. What suggestions do you have for the city to republish or redistribute this publication or any material found in it without the Assets:N/A Tarzana trol of the business during the bankruptcy and the Chapter 7 or 11. March 25, 2016. A new fictitious business statement needs to be filed prior to dent and general manager of the Joint Strike Staff Reporter Mark Madler can be reached Jones Lang LaSalle ...... 1 express written consent of the copyright holder. Debts:N/A 91356 business continues to function. March 25, 2016. The filing of this statement does not itself authorize the use in www.lacity.org/fi nance/amnesty/, contact the collection agency listed Fighter program. at (818) 316-3126 or by e-mail at Cresa Partners...... 1, 22 Picture Car Warehouse...... 10 Real Estate Svcs...... 1 industrial space from Bank of America last October, but Dwyer said he expects that submarkets experienced negative absorption, “Rents bottomed out eight to ten months audit have been implemented, according to the Another troubling finding in the audit is that better manage its payments to vendors? What To obtain permission to reuse or republish material copyrighted by CBJ, LP, Golden State Capital Group Inc For more information call please contact our Copyright Clearance Center Inc. at 222 Rosewood Dr., 800.GO.GALPIN • www.GALPIN.com Doc#SV11-12612-GM Chapter:11 this state of a fictitious business name in violation of the rights of another under year, Dwyer said. Amgen will not find a subtenant and the space among those Santa Clarita and the Tri-cities ago,” said Dean Zander, a partner in the Los scorecard released at the beginning of the year few city contracts with vendors specify pay- city audits would you like VICA to monitor? on the letter, or call our City Amnesty Hotline at 213-978-7900. Robots moving on gantries do 80 percent of [email protected]. He wrote this column on Danvers, MA 01923. Phone: 978-646-2600 Fax: 978-646-8600 e-mail: 15060 Ventura Blvd #100 File-Date:03/02/11 Assets:N/A aka: also known as fdba: formerly doing business as FAW: formerly associated with federal, state, or common law (see section 14400 ET SEQ, business and pro- Amgen’s decision to put more emphasis on will revert to the landlord, who will lease it. submarkets. The San Fernando Valley experi- Angeles office of Hendricks & Partners. by Controller Wendy Greuel’s office. ment timeframes. Most business people would Email your responses or thoughts about the Sherman Oaks the drilling on the plane. The remainder is still the other side of a partition from a noisy [email protected]. www.copyright.com Pro-per. Debts:N/A dba: doing business as fka: formerly known as 818.676.1750 fessional code).This notice published on April 4, April 11, April 18, and April 25. These Indexes list the people, associations, organizations, schools, etc., that are mentioned in this week’s issue. The numbers refer to the page(s) on which the name is found. Reprints are available from Wright’s Reprints, (877) 652-5295 ext. 104 or e-mail 91403 done manually because there are still some metal-cutting machine. growing offices it has in other states and coun- He also said that Amgen will likely continue to enced positive absorption, but it was only “When owners are sending out renewals, they The City of Los Angeles spends approxi- consider this to be a standard practice when column to [email protected]. 15505 Roscoe Boulevard • North Hills • California • 91343 Investment. Doc#SV11-12878-VK tries has had a greater impact on the office and try to sublease the remaining unoccupied 2,596 square feet. are including rent increases.” mately $2.5 billion on goods and services each dealing with contracts for goods or services. [email protected]. Thumbnails | SFVBJ User Guide | Front Page | Table of Contents

SAN FERNANDO VALLEY BUSINESS JOURNAL April 11, 2011 IBC BC April 11, 2011 SAN FERNANDO VALLEY BUSINESS JOURNAL COMMERCIAL REAL ESTATE BROKERAGE FIRMS THE LIST Ranked by total value of deals in the greater San Fernando Valley area in 2010 EXECUTIVE SUMMARY THE PACESETTER he Commercial Real Estate Brokerage in total value of deals when compared to 2009 his year’s no. 1 ranked commercial real es- International, Ltd. which was founded in Lon- TFirms List is ranked by the total value of figures. The largest firms from last year’s List Ttate brokerage firm is once again CB don in 1773. Its presence in California goes deals (sales and leases) in the greater San saw slight decreases in the value of deals in Richard Ellis with a total of $880 million back to the founding of Tucker, Lynch & Fernando Valley area in 2010. Among the top 2010 from 2009. CB Richard Ellis continues in deals in 2010. This is down by 12% from $1 Coldwell in San Francisco in 1906. The com- 3 firms from last year’s List, Lee & Associates to be the No. 1 ranked firm with not only the billion in deals in 2009. CB Richard Ellis has pany has operated under its current name since The Digital Edition of the San Fernando Valley Business Journal provides a rose from No. 3 to No. 2 this year with $252 highest total value of deals but also the most 72 local brokers with 1 local office in Univer- 1998, following the merger of CB Commercial DIGITAL million in growth. Delphi Business Properties, local brokers. sal City. It is a multinational real estate corpo- and Richard Ellis. convenient and interactive way of reading the Journal. While maintaining the exact EFFICIENCY TOOLS Inc. also had a notable growth of $54 million – By Josh Dausch ration that dates back to Richard Ellis –ByJoshDausch shape and content of the printed newspaper, we have also added features which Rank Company Total Value of Sales Leases # of Services Offered Profile Top Local Executive EDITION Vitesse Returns name Deals in 2010 Value of Sales '101/'091 Value of Leases '101/'091 Brokers (partial list) SFV/L.A. offices name The Digital Edition helps you move quickly through the (in millions) SFV address # of Sales '10/'09 # of Leases '10/'09 headquarters title make the Digital Edition fast, intuitive, and versatile. L.A. year founded phone to NASDAQ Journal, while connecting you to online content. Story jumps County USER TECH: Move eases CB Richard Ellis, Inc. $880 $209/$510 $671/$495 72 agency leasing, tenant representation, 1/7 Richard Bright now function immediately with a click of your mouse, and it’s 1 111 Universal Hollywood Dr. 63/91 842/420 204 investment, valuation, debt & equity finance, Los Angeles Sr. Managing Director disruption at Camarillo firm. Universal City, 91608 property and project management 1906 (818) 50-4389 To make the best use of the Digital SFVBJ, please take a few minutes to learn By MARK R. MADLER Staff Reporter easier than ever to visit our advertisers and forward articles GUIDE about the tools we have provided to make the experience efficient and informative. Lee & Associates-LA North/ $635 $358/$191 $277/$192 56 acquisition, disposition and leasing of office, 3/7 Mike Tingus Vitesse Semiconductor Corp. has returned to the 2 Ventura, Inc. 112/WND 588/WND 120 industrial, retail, multifamily and investment Sherman Oaks President NASDAQ after a five-year absence and being rele- to your colleagues. properties and land for development 1994 (818) 986-9800 gated to trading on the Pink Sheets. 15250 Ventura Blvd. #100 The move by the Camarillo-based company Sherman Oaks, 91403 makes its stock more attractive to investors as the tradability improves. 3 NAI Capital $337 $176/$211 $161/$314 62 acquisitions and dispositions, sublease, tenant 3/5 Michael A. Zugsmith Vitesse started trading on the NASDAQ Global 16001 Ventura Blvd. #200 51/131 409/1,128 92 representation, lease administration and audit, Encino Chairman Market on March 2. In the first week the company’s ► ACCESS ONLINE TOOLS Encino, 91436 investment services, due diligence 1979 (818) 905-2400 CONVENIENT NAVIGATION TOOLS Page 9: 20 in Their 20s special report features young local business leaders. shares dropped by $0.20. Spokesperson Ronda Grech refused to make a company representative available but in a prepared Chris Gardner Click on article headlines to see the online 4 Beitler Commercial Realty $313 $102/$117 $211/$251 21 office, industrial, retail, tenant/landlord 1/4 Barry Beitler TECH: HUFFMAN COLUMN: 39 statement CEO said the listing was a Services WND/WND WND/WND 82 representation, corporate services, lease Los Angeles President The Digital Edition makes moving through the Journal easier than EDITOR’S COLUMN: 39 new beginning for the company. 15165 Ventura Blvd. #310 administration 1979 (818) 501-5001 MANUFACTURING: “With the passage of this important milestone, version of the story. Perfect for when you want Sherman Oaks, 91403 ever. Links allow you to instantly follow story jumps, go directly LEADERSHIP: 20 in Their 20s Please see VITESSE page 37 to share stories with your colleagues. Jones Lang LaSalle $257 $6/$6 $252/$138 5 tenant representation, leasing, capital markets, 1/5 Jan Pope ENERGY: PROFILES: 10 5 2/3 108/84 62 property management, project management, Chicago, IL So. Cal. Market Dir. 515 South Flower St. #1300 from the Table of Contents to the stories you want to read, and ENTREPRENEUR: Los Angeles, 90071 energy and sustainability services 1783 (213) 239-6000 PHOTO BY DAVID SPRAGUE SolarWorld Gets smoothly flip through the pages of the paper. 12 rk Goldston Marcus & Millichap Real Estate EXECUTIVE: $246 $246/$300 $0/$0 47 commercial real estate investment sales 1/4 John J. Kerin RETAIL: 6 Investment Services 117/109 0/0 101 brokerage for all property types Encino President/CEO 16830 Ventura Blvd. #352 1971 (818) 212-2700 10 Encino, 91436 LEADERS: SAN FERNANDO VALLEY BUSINESS JOURNAL 7 DAUM Commercial Real Estate $242 $114/$80 $128/$110 28 industrial, office, retail leasing and sales, 3/5 Myles Helm ACTIVE TABLE OF CONTENTS Services 80/53 478/404 80 investment property sales, property Los Angeles President ► FOLLOW STORY JUMPS INSTANTLY 21860 Burbank Blvd. #175 management, tenant representation, market 1904 (818) 887-3600 ► Woodland Hills, 91367 research Move easily from the Table of Contents to any Vitesse: Back on NASDAQ 2 8 Investment Real Estate $203 $203/$129 $0 22 apartment, retail, office, industrial, land, 1/1 Raffi D. Krikorian ENTERTAINMENT: 14 Continued from page 1 required quarterly earnings statements. At the Don’t get lost while reading a story. Associates 26/19 2 22 investment property acquisitions and Encino President/CEO time, Vitesse was among a number of compa- 0/0 dispositions; is not involved in leasing, tenant 1999 (818) 386-6888 story in the paper by simply clicking on the Vitesse is now positioned to fully capitalize on nies being investigated by the U.S. Securities 16501 Ventura Blvd. #448 3 Encino, 91436 representation or management of properties our growth opportunities and to expand our and Exchange Commission for backdating of By simply clicking on the story jumps, you will TECH: Wall Street sponsorship,” Gardner said in the stock options. name or description. statement. Former CEO Louis R. Tomasetta,former Hendricks & Partners $175 $175/$122 $0/$0 7 apartment brokerage and advisory services 2/4 Dean Zander GIVING: 16 Quinn Bolton, an analyst with Needham Chief Financial Officer Yatin Mody, and be transported to the rest of the story. 9 36/22 0/0 22 Phoenix Senior Partner 10880 Wilshire Blvd. #2080 CROWLEY COLUMN: 17 &Co., agreed that returning to the NASDAQ Eugene F. Hovanec, a former executive vice Los Angeles, 90024 1995 (310) 470-6142 4 LAW: was a big deal as the ability for institutional president were fired from the company in the Need to go back to the beginning? MADLER COLUMN: 18 investors to buy and sell on the Pink Sheets spring of 2006. Gardner became chief execu- Every listing in the TOC takes you directly where REAL ESTATE: 31 can be poor. The NASDAQ, he added, is a tive in May of that year. Delphi Business Properties, Inc. $124 $77/$28 $53/$46 15 real estate sales, leasing, property 1/1 Ross W. Thomas 5 much more liquid market. Last December, the SEC filed civil fraud Click on the “continued from” text to start over. 10 VALLEY BIZ SEEN: 7108 Hayvenhurst Ave. #211 35/18 259/211 15 management Van Nuys CEO you need to go. Investors on the buy side and the brokers charges against Tomasetta, Mody, Hovanec Van Nuys, 91406 1977 (818) 780-7878 32 and dealers on the sell side are more likely to and former manager and Director of Finance INVESTMENTS: 33 pay more attention to Vitesse. During the peri- Nicole Kaplan. Vitesse settled the fraud case LARGEST COLLEGES & od the company was on the Pink Sheets, a firm with the SEC by paying a $3 million civil UNIVERSITIES: 21 AROUND THE VALLEYS: Colliers International $123 $48/$29 $75/$53 13 leasing, sales tenant/landlord rep. multimodal, 2/6 Martin Pupil like Needham did not give much thought to penalty. 11 making trades on Vitesse shares, Bolton said. Tomasetta and Hovanec were also separate- 16830 Ventura Blvd. Suite J 37/12 220/196 59 land, hospitality, industrial, investment property Seattle, WA Regional Managing Dir. “Just the tradability and liquidity of the ly charged by the U.S. Attorney’s office in Encino, 91436-1721 acquisition/disposition, property management 1908 (818) 905-5800 34 shares is a big improvement for the company,” New York with criminal charges. ► AT-A-GLANCE HEADER AUTOS: CALENDAR: 36 Bolton said. During the period of delisting Vitesse fol- The delisting from NASDAQ took place in lowed two parallel paths. Coldwell Banker Commercial $102 $72/$37 $30/$43 6 acquisition/disposition services, brokerage and 1/1 Greg K Barsamian June 2006 after the company failed to file One was running the business itself; devel- 12 North County 36/16 106/116 19 transaction management, investment and Glendale Executive VP In The Next Issue 801 North Brand Blvd. #180 market research analysis, property 2006 (818) 334-1900 Major functions are available at the top of every THE LIST: Glendale, 91203 development, relocation and valuation services 6 Cresa Partners $89 $5/$0 $85/$80 4 tenant representation, disposition, project 2/2 Rick Pearson page. Quickly access the Front Page and Table of SPECIAL REPORT: 13 20950 Warner Center Ln. 2/0 73/57 28 management services Brentwood Principal Woodland Hills, 91367 1983 (818) 223-0072 Contents from any page in the digital edition. EDUCATION 23 SUPPLEMENT:

Westcord Commercial Real $72 $40/$97 $32/$45 12 industrial, office, retail leasing and sales, 1/1 Tony Principe 14 Estate Svcs. WND/WND WND/WND 12 landlord and tenant representation, lease Westlake President 951 Westlake Blvd. #101 administration, and property management Village (805) 497-4557 Zoom in or out, go to the next or previous page, or Westlake Village, 91361 1969 change your viewing style whenever you need to. Centers Business Management $56 $10/$9 $46/$44 6 retail shopping center management, leasing 1/2 Dave O'Connell 15 17030 Ventura Blvd. #200 5/3 243/229 18 and maintenance Los Angeles Dir. Valley Division Encino, 91316 1987 (818) 380-9966 ► VISIT ADVERTISERS WHILE YOU READ

Charles Dunn Company, Inc. $37 $3/$20 $34/$20 5 property and asset management, agency 2/5 Patrick J. Conn 16 12925 Riverside Dr. #201 4/13 177/70 48 leasing, tenant representation, investment, Los Angeles President The Digital Edition allows you to visit any of receiverships, constuction management 1921 (818) 358-1800 Previous Page 2-Page Spread 1-Page View Thumbnails SDBJ User Guide Front Page Table of Contents Zoom In Zoom Out Next Page Sherman Oaks, 91423 Thumbnails SDBJ User Guide Front Page Table of Contents our advertisers by merely clicking on their ad. Y BUSINESS JOURNAL March 1 illi Commercial Real Estate $34 $9/$3 $25/$6 15 leasing, management and sales of commercial 2/2 Todd Nathanson 17 17547 Ventura Blvd. #304 4/2 88/75 3 retail property and tenant/landlord rep Encino President Encino, 91316 2007 (818) 501-2212

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