02 March 2010
Our city leaders keep informing us that the Los Angeles budget is in shambles. They tell us that the deficit is large and growing. They say cuts need to be made. They inform us that revenues need to be increased. In the midst of all these statements, what does our city do? Los Angeles moves [...]
Posted in Small Business1 Comment
02 March 2010
The fourth quarter of 2009 saw an uptick in companies registering to do an initial public offering (IPO). Thirty companies entered the pipeline, considered the most activity in two years, and the average size of proposed deals was $191 million, said Ernst & Young. A large number of pipeline companies are from California. And two [...]
Posted in Breaking News, Small Business5 Comments
01 March 2010
THQ Inc. and DreamWorks Animation SKG, Inc. have entered into multi-year, multi-property licensing agreements that grant THQ exclusive worldwide rights to develop and publish a host of video games. The games are based on DreamWorks Animation’s upcoming animated feature films, Kung Fu Panda: The Kaboom of Doom, Puss In Boots, and the CG animated television [...]
Posted in International Trade5 Comments
01 March 2010
Wells Fargo & Co. will be closing 122 bank branches in California, most of which are Wachovia offices. Wells purchased Wachovia last year and many of the retail branches overlapped geographically. The closures are scheduled to occur in April 2010, right around the same time Wells had previously planned on changing Wachovia signage. Three Valley [...]
Posted in International Trade4 Comments
01 March 2010
The City of Los Angeles Harbor Department awarded the Westlake Village office of Huitt-Zollars a contract to provide on-call civil engineering design consulting services for the Port of Los Angeles. Under the three-year contract, three of Huitt-Zollars’ Southern California offices, including those in Westlake Village, Irvine and Ontario, will provide as-needed services for a variety [...]
Posted in International Trade1 Comment
01 March 2010
Castle & Cooke Aviation Services Inc. is expanding its facility at Van Nuys Airport with a new aircraft hangar and office building. The Los Angeles City Council and Los Angeles World Airports this month approved a 30-year lease for the aviation firm to operate as a fixed-base operator at the airport. A fixed-base operation is [...]
Posted in International Trade0 Comments
25 February 2010
Posted date: 2/11/2010 Downtown Improvement Project Proceeds in Lancaster The Lancaster City Council approved a $10.5 million contract for improvements to Lancaster Boulevard as part of the city’s effort to make the downtown area a gathering place and more pedestrian friendly. General contractor Hanes & Associates in Lancaster was the low bidder for the project. [...]
Posted in Banking/Finance2 Comments
25 February 2010
A Van Nuys hotel, a longtime aviation charter and aircraft management firm, and the designers and manufacturers of elaborate water features are the three finalists for the Economic Engine Award from the Valley Economic Alliance. Each quarter the alliance recognizes a business that has made a notable contribution to the Valley’s economy, and shown a [...]
Posted in Banking/Finance2 Comments
25 February 2010
FINANCIAL: Fee waivers, change in firms’ plans cited. By Eric Billingsley San Fernando Valley business Journal Staff The number of Small Business Administration (SBA) -backed loans made by financial institutions serving the Valley increased in the first quarter of fiscal year 2010 (the period from Oct. 1, 2009 to Dec. 31, 2009) compared to [...]
Posted in Banking/Finance6 Comments
25 February 2010
RESIDENTIAL: Hundreds of units coming online. By Eric Billingsley San Fernando Valley business Journal Staff Looking for a new luxury apartment at Warner Center in Woodland Hills? Now may be the time to act because more than 600 units are set to come online in 2010. In mid-January, Western National Property Management started [...]
Posted in Banking/Finance3 Comments
25 February 2010
FINANCIAL: Fee waivers, change in firms’ plans cited. By Eric Billingsley San Fernando Valley business Journal Staff The number of Small Business Administration (SBA) -backed loans made by financial institutions serving the Valley increased in the first quarter of fiscal year 2010 (the period from Oct. 1, 2009 to Dec. 31, 2009) compared to [...]
Posted in Banking/Finance4 Comments
25 February 2010
Simon Property Group has made a $10 billion offer for General Growth Properties, owner of three San Fernando Valley area shopping malls. General Growth shareholders would receive $9 per share in the proposed deal. The Chicago-based firm that owns the Glendale Galleria, Burbank Town Centre and Northridge Fashion Center filed for bankruptcy in April 2009. [...]
Posted in Banking/Finance2 Comments
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