Stories for August 10, 1998

Lead stories
Stories

Valleytalk

The Airtel Plaza Hotel located at the Van Nuys Airport isn't exactly a main attraction on the L.A. visitor's circuit, so the hotel recently decided to try and pump up its profile.

List

Once largely dependent upon the aerospace industry, the San Fernando Valley has evolved into a diversified economy that includes entertainment, health care and technology companies.

Interviewing Tips

Relax. The interviewer is often just as concerned with impressing YOU as you are with impressing him/her.

NEWHALL

The Valencia-based land development company recently reported record second-quarter earnings of $45.7 million, nearly triple the earnings for the like period last year.

Highend

Dramatic lifestyle changes, including an increasingly bi-coastal community of entertainment employees and the economic recovery, are fueling a boom in the luxury apartment market in the San Fernando Valley.

Econowatch

Office vacancy rates tightened everywhere in the San Fernando Valley in the second quarter of the year except the east Valley, where entertainment companies have hit the brakes on efforts to expand, real estate brokers said.

Exodus

While the area has enjoyed a net gain in jobs in recent years, a spate of companies are moving out because they can't find available space for expansion.

Smallbiz

Most businesses will eventually exhibit at a trade show, whether they use an 8-by-10-foot booth with a simple table and backdrop or a 1,000-square-foot, two-story colossus with all the fanfare of a Barnum & Bailey circus.

Career Global

"It's a small world after all" is not only one of Walt Disney's Most famous anthems, it's a real theme song in the business world. The boundaries between countries and continents are continuously disappearing. To be successful you need to became more awar

Networking Tips

Call, email or write the person you need to meet, refer to the situation/place/person that brought you together. Set goals for the meeting. Relieve any tension by stressing that you did not request the meeting to ask for a job . Explain that you are makin

Posting a Resume

When it comes to resumes, there's a right way and a wrong way, especially in the HR industry where the people you are trying to reach are likely to be resume experts. The right way, obviously, is the one that works best for employment managers and recrui

Adult

The Lingerie Oasis opened its doors in North Hollywood last year after receiving a permit from the city of Los Angeles to operate as a retail lingerie store with live models. The funny thing was, according to city officials, it never sold any lingerie.

Fast Track

Robert J. Goodman had a solid job as vice president of a Los Angeles-based moving company in 1985 when he decided to pack it up and venture out on his own, selling cardboard boxes of all things.

unihealth

Health care-industry officials say Catholic Healthcare West is close to completing a deal to acquire Burbank-based UniHealth, a move that would make CHW the second-largest hospital operator in Los Angeles County.

Stooge

They haven't made a film for more than 30 years; in fact, they're all dead. But comedy giants the Three Stooges are making more money than ever, according to the Glendale-based company that owns the threesome's licensing rights.

Outlook

Making informed career decisions requires reliable information about opportunities that should be available in the future. This article presents highlights of Bureau of Labor Statistics projections of industry and occupational employment and the labor for

Career Forecast

The career scene keeps changing. Organizations get flatter and learner. Individuals are asked to do more with less. Your best way to stay employed is by morphing yourself into a new or improved career. But where are careers going by the year 2005?

l-robertson

As a long-time subscriber to the Los Angeles Business Journal, I want to commend you on the article on the federal court ruling on Playa Vista ("DreamWorks Nightmare," July 13). I disagree with Playa Capital Vice President David Herbst's criticism of the

Hospital list

The number of beds in Los Angeles County hospitals has been steadily declining as financial pressures and technological improvements combine to reduce the average number of days that patients are hospitalized.

Compass

A Wharton School alumnus has parlayed what started as his MBA graduation project into a rapidly growing Internet start-up company that landed $4.5 million in venture capital funding at the end of July.

l-burts

The 1,500 members of the Los Angeles Area Chamber of Commerce strongly disagree with the July 20 Commentary by Joel Kotkin, which erroneously implies that businesses are "uninterested or even dismissive of regional efforts." They have invested in chamber

Marketcol

Local broadcasters will soon find out whether the ratings system that helps determine how hundreds of millions of dollars worth of radio advertising in Los Angeles gets spent each year is all wrong.

Weeklybriefing

If you're looking for a very fast sailboat, you'll find it at Venice-based MultiMarine. The company deals in multi-hulls boats with more than one hull, like a Catamaran or a Trimaran which sell for between $80,000 and $120,000. Michael Leneman, owner

Company Index

A

Begaug

Real estate tycoon Donald Trump pulled out of a partnership planning to develop a retail complex at the Ambassador Hotel site and leveled some choice words last week at the Los Angeles Unified School District.

Oped

Denny Rabineau and his wife Judy have successfully grown their women's apparel company, Average Joe Inc., into a $16 million enterprise. Not bad after nine years in business.

Feature newsmaker

While executive producer of talent and entertainment features for HBO in the late '80s, Marta Tracy was asked to help create a cable network that would be "the CNN of entertainment." The resulting presentation tape formed the basis for E! Entertainment Te

Persfi

It's always news when a team of respected money managers creates a group of low-cost mutual funds. For nearly a year, you've been able to pick from six new funds offered by TIAA-CREF.

COPS

Some of L.A.'s top corporate executives are launching a non-profit foundation to raise private funds for the LAPD.

ShowBiz

Even though she's still six weeks away from debuting her syndicated talk show, Roseanne's competitors are already bad-mouthing her.

Magic

Magic Johnson has become the latest celebrity to discover that talk show hosts are not easily created, made-for-TV commodities.

Skechers

Robert Greenberg, who built L.A. Gear Inc. into a fashion giant reaching nearly $1 billion in sales but was forced out when the company came apart at the seams, is back with a whole new shoe.

Lacter

It shouldn't have come as a big surprise when Sacramento lawmakers took so long to agree on a budget, especially in a year when there was $4.4 billion in unexpected tax revenue to divvy out. As with the typical household, it is often more difficult to dec

Museum

With a pair of blockbuster exhibitions expected to draw hundreds of thousands of visitors in the months to come, the L.A. County Museum of Art is undergoing a serious facelift.

HISTORY

25 YEARS AGO THIS WEEK: Painer Webber announced a deal to acquire L.A.-based Mitchum, Jones and Templeton, the largest regional brokerage in California ... El Segundo-based Rockwell International Corp. was spending $74 million to sew up its acquisition of

l-bratter

So Copley Press is suing the New Outlook for trademark infringement. ("Attorney to Publish Santa Monica Paper," Aug. 3)

l-manheim

As an alumnus of UCLA and store manager of Macy's Westwood, I strongly support Village Center Westwood. It will revitalize the Village in a number of ways, particularly through the valuable amenities it will provide all of Westwood.

architect

A member of the citizens' panel overseeing the L.A. Unified School District's expenditure of $2.4 billion in Proposition BB funds wants to assemble some of L.A.'s top architects to help design new and remodeled schools.

Digest

The state Legislature is expected to approve a $76 billion budget this week that calls for a $1.4 billion tax cut, including a 25 percent decrease in the so-called "car tax."

Lastories

Century Boulevard, the row of nondescript office buildings, hotels and asphalt parking lots leading to LAX, doesn't exactly present a tony image to new arrivals.

Newsmakers

BDO Seidman has admitted five new partners at its Century City office. Arya Farinpour, Chris Lord, and Mike Pelphrey are specializing in the area of business and technology solutions. Gary Freeman has been made a partner in the audit and assurance service

ASSESS

Reflecting the area's economic turnaround, the value of assessed property in L.A. County rose 3.1 percent last year the biggest gain since 1992 with single-family homes posting an even stronger average increase of 7 percent.

Stocks

As of last week, the Cleveland Indians were worth about $140 million ($9 a share) on Wall Street, roughly 40 percent less than the $231.7 million the team was valued at upon going public June 3 at $15 a share. For investors, maybe that's not a strikeout,

SLAUGHTER

That's the assessment of a number of insiders at Los Angeles City Hall, who say that Mayor Richard Riordan's recent decision to tap former Business Team chief Lesa Slaughter as his chief of staff reflects a more project-oriented approach from the mayor's

Grocery

They're among the growing number of local groceries that have disappeared over the years through an ongoing consolidation that, as of last week, has left Southern California with just three major players: Ralphs, Albertson's and Vons.

MARGIN

As we've noted before, real estate holds a special place in the hearts of Angelenos. Maybe it's because the town has its roots in the dreams and schemes of land speculators. Or maybe it's because L.A. is a place where even inner-city neighborhoods are dot

Forum

Investors have been on a roller coaster ride in recent weeks, as major Wall Street indexes keep seesawing. Last week's 299-point plunge in the Dow has prompted more than a few investors to question whether stocks are still the safe bet they were last year

Correx

The Aug. 3 Newsmakers incorrectly identified a photo of Doug Carpenter from Reliance Steel Co. as Jim MacBeth.

CORPFOCUS

The Valencia-based land development company recently reported record second-quarter earnings of $45.7 million, nearly triple the earnings for the like period last year.

Promenade

Seeking to turn around more than two decades of lackluster performance at the Promenade mall, the shopping center's new owner is considering converting it into a "big box"-oriented shopping center.

Recolumn

General Motors Corp. is close to signing a lease to set up an auto superstore in Burbank, just as the city learned that Ford has killed its plans to build a superstore there.

interview

Leland Wong has a knack for being in the middle of big public works projects. He was president of the Los Angeles Harbor Commission from 1996 to 1998 as the commission oversaw a massive port expansion. And just last month, Mayor Richard Riordan appointed

Universal

With no new attractions and amusement park business generally soft this summer as a result of Asian financial turmoil, Universal Studios Hollywood is experiencing a slump in attendance during what should be the season's peak.

Athome

I recently heard about a business owner who purchased a new computer through an online auction. He visited the Web site, found the item he was looking for and entered the highest bid. At the end of the process, he walked away with a $1,300 desktop compute

hotel

The average market value of Los Angeles-area hotels has soared 50 percent over the last year, a definitive sign that the market slump of the '90s is over, according to New York-based HVS International, which tracks the nation's hotel industry for investor

ARGYLE

Amid the flashy cars and nightclubs of the Sunset Strip, the Art Deco-style Argyle Hotel stands as a monument to refinement.

Rents

When Kelli Hedgpeth saw the rent on her Century City apartment go up $300 in one month this summer, she and her roommates hit the trail finding cheaper digs elsewhere.

Growth

Ventura County has become ground zero in what developers see as the war over growth control in Southern California.

Reds

Impressed by the longtime success of Pink's Famous Chili Dogs long lines can be found at that 59-year-old eatery day and night real estate developers Barry Hartsfield and Jonathan Cota are launching their own chain serving similar fare, and with a sim

Entnote

There are many drivers these days that may cause you to think about selling, merging or refinancing your business.

Charter

With an Aug. 27 deadline fast approaching, a group pushing for the formal study of San Fernando Valley cityhood says it has gathered 100,000 of the 180,000 signatures it needs to petition for a study of San Fernando Valley secession.