Stories for June 2002
Monday, June 24
Madison Marquette, Westwood Village's largest retail landlord, is selling its Bullocks/Macy's redevelopment on Weyburn Avenue and may be shopping the remainder of its Westwood portfolio, according to real estate sources.
On a recent weekday evening, a steady stream of shoppers negotiated their way past a cluster of spike-haired punk rockers to join the throng inside Amoeba Music on Sunset Boulevard.
Tracking device: Computer chip can detect movement of weaponry within 100 feet.
Pacific Theatres' Arclight screens, Mann Theatres, and Bridge Cinemas all have rolled out premium-price venues that offer large, plush reserved seats, top-of-the-line sound and projection equipment, and an unobstructed view of the screen.
Proposals to increase the oversight of the accounting industry in light of the Enron and other corporate scandals are circulating in Congress and at the Securities and Exchange Commission. The plans include the creation of an independent oversight board t
With only a week remaining before a strike deadline set by workers at West Coast ports, a few importers are permanently rerouting portions of their Asian cargo to less tumultuous East Coast and Gulf ports.
Big 5 IPO Aiming to Raise $100 Million to Retire Debt
Health-care providers are again attempting to put before voters funding for emergency care, but this time they're going with a scaled-down measure targeting only L.A. County's trauma network.
As aide to ex-Mayor Bradley, Wendy Greuel spent years at City Hall but as L.A.'s newest councilmember, she faces whole new tempest of public issues.
Orange County technology companies are counting on sales growth in the Far East to help soften the effects of a stagnant U.S. market.
Editorial by RICK REIFF and MICHAEL LYSTER, Orange County Business Journal
Biotech firm helps fund research efforts through creation of a marketing division selling consumer products that detect common contaminants.
The county's proposal to radically downsize its health department in the face of a $700 million deficit is facing sharp criticism because of fears that it could overwhelm private health care providers with uninsured patients and that supervisors are far
Property owners in and around South Park, thrown for a loop when Anschutz Entertainment Group announced plans for a pro football stadium at the site, were whipsawed again when the proposal was abruptly dropped a month later.
It's been an up and down existence for business owners along Sepulveda Boulevard just south of Manchester Boulevard and north of Los Angeles International Airport.
GBC Bancorp, parent of L.A.-based General Bank and one of the area's most prominent Chinese-American financial institutions, is weighing acquisition offers from at least two larger banks.
SPECIAL REPORT: Scoring L.A.'s Public Companies
Sales assistance: Mariano Ruiz uses eBay at his surplus machinery
Mayor James Hahn and airport officials are developing a massive $8 billion overhaul of LAX that's aimed at enhancing security and accommodating the next generation of super-jumbo jets.
After countless complaints from residents, the Santa Monica City Council has asked the Planning Department to study the fast-track program to determine whether it should be slowed down.
With federal price caps due to expire on Sept. 30 and the state's authority to buy power on the open market set to end on Dec. 31, a major battle is brewing over the future shape of the state's dysfunctional power market.
Monday, June 17
Dogged by allegations that some of its executives secured prostitutes for high rollers, a hearing later this month could determine the fate of Pinnacle Entertainment Inc. as a gaming business.
Weekly Briefing: Entertainer in Control Of Puppet Operations
Family law attorneys are declining to draft prenuptial agreements because of a new state law that can alter terms of spousal support and exposes them to greater risk of malpractice claims.
As advertisers and broadcasters become increasingly interested in the growing Latino market, a well-known consulting firm is seeking help from a prominent Latina entertainment executive to get in on the action.
Opinion by BILL STEIGERWALD, associate editor and a columnist at the Pittsburgh Tribune-Review.
Raising corporate capital has always been a challenge, but it is especially difficult now, when money isn't easily available.
Smokescreen or compromise? With the threat of secession now looming over the City of Los Angeles, the oft-discarded notion of boroughs has suddenly become a hot concept as are the motivations behind it.
Statistics are still being compiled, but area law schools report seeing a drop in job offers from L.A. firms, particularly the larger ones.
As a July 1 strike deadline looms at West Coast ports including Los Angeles and Long Beach, businesses are scrambling to make contingency plans to survive a work stoppage.
A one million-square-foot retail and entertainment center is planned for a 157-acre landfill site in Carson under a joint venture of retail developer GMS Realty LLC and brownfields investment firm Cherokee Investment Partners.
Summaries of this week's List - Colleges & Universities Ranked by full-time student equivalents for the 2001-2002 average enrollment period.
SMALL BUSINESS PROFILE: AB & R; Inc. takes a home-made approach to marketing its line of Billy Blues jeans for young girls and women.
What used to be a strawberry patch is turning into a 48-acre commercial development in southeast Glendora and the road to making it happen says a lot about a city's coming of age.
Given an alternative, Steve Rifkind believes a new generation of music fans doesn't really want its MTV, or its BET for that matter.
Angelenos love to shop, and in recent months several new or renovated centers have opened that provide them with plenty of opportunity. Shopping centers represent economic engines for a city because of sales tax revenues. But like other cities, L.A. has b
There's a war brewing between holders of National Golf Properties Inc. stock and short-sellers who have targeted the ailing golf course landlord as a potential bankruptcy candidate.
Before the City of Hope was awarded $300.2 million in compensatory damages last week in its case against Genentech Inc., the talk in legal circles was that the two sides were too far apart to reach a settlement.
It's the most significant shakeup in L.A. broadcast history. It will result in job cuts, merged operations and new ways to produce television news. And if folks aren't nervous about their futures, they're certainly wary.
Wolfgang Puck is on a national expansion campaign that has analysts wondering whether he is positioning his company again to go public.
Houlihan Lokey Howard & Zukin has confirmed a round of layoffs at the Los Angeles-based investment banking firm, amid a drop in merger and acquisition activity industrywide this year.
The L.A. Community Redevelopment Agency, fresh on the heels of the recent L.A. City Council approval of its 892-acre City Center redevelopment plan, has proposed a new 738-acre redevelopment zone for the industrial section in the eastern part of downtown.
L.A. clothing contractors have never been busier. It started when retailers, who had kept their inventories lean in recent months, started boosting them in time for back-to-school sales.
Monday, June 10
With no more than a dozen passengers in the lone terminal at Long Beach Airport, skycaps, ticket agents and administrative employees paused for a moment as a B-1 bomber took off from a nearby airfield.
L.A. Companies' Shares Outperform Broad Indexes; Stocks are falling all over the place, but L.A., it seems, has an umbrella.
What would the city of Hollywood look like if voters approve the proposal to secede from L.A.? For one thing, it would instantly become the fourth or fifth largest city in L.A. County
Major changes, including layoffs and the consolidation of production operations into one facility, are expected to take place at KCBS-TV (Channel 2) and KCAL-TV (Channel 9) as owner Viacom Inc. begins merging its two L.A. broadcast operations, according t
Summaries of this week's List - Money Management Firms, Ranked by assets managed as of Dec. 31, 2001
A shareholder has filed a lawsuit against Beverly Hills-based holding company Westminster Capital Inc. and members of the controlling Belzberg family, claiming that the wealthy Canadian clan is using its power over Westminster to buy out minority sharehol
A loose coalition of community and labor groups is looking to find a buyer for Daniel Freeman Marina Hospital that Tenet Healthcare Corp. plans to close in 60 days.
The shift of federal resources to fight terrorism has been taking personnel away from local investigations of white-collar crime and is quietly being felt on several law enforcement fronts.
While attention has focused on the proposal to split off the San Fernando Valley from the city of Los Angeles, last week the Local Agency Formation Commission voted to add a Hollywood secession measure on the Nov. 5 ballot. All of which must be confusing
With negotiations for a new three-year contract between ship companies and the union representing West Coast port workers apparently yielding little progress as of late last week, threats of a July 1 strike have nervous maritime officials calling for Whit
Whether secession happens or not, local broadcast outlets are expected to reap millions of dollars from advertising as the campaign heats up between now and November.
As medical malpractice rates have soared elsewhere in the nation, California doctors have been protected by the state's groundbreaking law putting a $250,000 cap on damages for pain and suffering at least that's been the prevailing wisdom.
Nearly a dozen retail stores have closed their doors in Westwood Village during the past six months and another half dozen are getting ready to leave the once-prosperous village by year's end.
Once defense counsel to celebrity clients, Howard Weitzman takes new approach to law career.
Couple are a natural for artificial plant business as they produce customized foliage displays for hotels, restaurants and corporate offices worldwide.
An agreement is in place to sell a bulk of Warner Center Properties, the sprawling 2.3 million square foot of office, retail and hotel complex along Oxnard Street in Woodland Hills.
The proposed sale of Santa Marta Hospital in East Los Angeles from its non-profit Catholic owner to a new for-profit operator based in Newport Beach was given the thumbs up last week in a key report to the state Attorney General's Office.
A raft of bills is working its way through the state Legislature that opponents warn could add to the cost of doing business in California.
Back in 2000, when energy companies were hot properties, Selim Zilkha's stake in El Paso Corp. was worth nearly $1 billion. What a difference two years makes.
After a year of ripped-up streets and completion of a $15 million Transit Mall near Third Street Promenade, Santa Monica officials are embarking on the next step in attracting more shoppers and holding onto the ones who are losing patience.
With the costs of Northrop Grumman Corp.'s Global Hawk project spiraling out of control, the Air Force is threatening to re-bid the contract or replace it with an updated version of Lockheed Martin's U-2 spy plane, which has been in use since the 1950s.
Beverly Hills Chooses Extension Instead of Renewal for Adelphia
Even after losing more than $1 million of his own money on an ill-fated Internet site and missing out on the profits generated by the hit film, "Spider-Man," based on the character he created, Stan Lee is back in business.
Editorial by Kathleen Parker, columnist with the Orlando Sentinel.
Monday, June 3
Company makes room for unwanted or surplus items from hotel industry reselling them to other institutions and consumers looking for bargains.
Ontario, Long Beach and Burbank airports, buoyed by rebounding ridership, lower gate rates and the growth of smaller airlines, have struck a series of deals boosting the number of flights.
Bill Allen, chief executive of Fleming's Prime Steakhouse & Wine Bar, he has been slowly expanding his four-year-old chain nationwide including L.A., where he is aggressively looking for prime spots.
Acquisitions mogul Tom Gores, who is eyeing Global Crossing, finds value in tech market.
Akin Gump Strauss Hauer & Feld LLP, the nation's 10th largest law firm, bought its way into L.A. just over a year ago, using the promise of big paydays and a national scope to acquire Troop Steuber Pasich Reddick & Tobey LLP.
Real Estate: That sign of relief you heard over Memorial Day Weekend was the collective exhale coming from the local offices of real estate services firm Grubb & Ellis Co.
A group of investors who assembled an Orange County-based collection of community banks and then and sold it three years ago is at it again.
Summaries of this week's List: Dental Plans Ranked by enrollment in L.A. County
The real story behind the psychological thriller "Insomnia" involves the unlikely duo who hope to ride the film's box-office success and critical acclaim to the major leagues of film production.
After 27 years of operating just one bookstore in West Hollywood, owner Glenn Goldman is finally expanding Book Soup.
Jason and Rodney Carr's father ran a Montreal home fashions business for 32 years before selling out to his partner two years ago.
What started as a hobby 200 copies of a magazine dealing with underground Asian culture produced on a home computer has evolved into a holding company with a retail operation, e-commerce site and Giant Robot, a glossy, 40,000 circulation quarterly pub
Trucking companies serving ports in Los Angeles, Long Beach and elsewhere in the state have been hit with a 5 percent cut in transportation rates, just as rising fuel and insurance costs already are siphoning much of their profits.
Entrepreneur's Notebook by Sharon Berman, a principal of Berbay Corp., a Los Angeles-based marketing consultancy. Also: GAME THEORY
With a referendum on San Fernando Valley secession already slated for the Nov. 5 ballot, and Hollywood likely to follow this week, the battle over the breakup of Los Angeles is about to begin.
Summer is here and many Angelenos will be taking some time off. It's a crazy time to travel, what with crowded airports, weather delays and the near-daily reports of terrorist threats. Still, many are determined to take some time off and get out of town,
Call it another manifestation of the north-south split across Mulholland Drive. This time, it's a rift on business tax reform.
With a measure on Hollywood secession likely to be placed on the ballot this week, proponents have their work cut out for them in the Hollywood business community.
A court ruling that threatens to push rates higher for medical malpractice insurance is being challenged by an alliance of doctors, dentists and hospitals.
Ernst & Young has hired nine partners and 91 professional and staff members from Arthur Andersen's Los Angeles office as the hemorrhaging of the troubled accounting firm continues.
Broadcast bonanza: The possibility of football in L.A. again would bring boost to TV, radio stations.
The argument from psychologists seemed reasonable to local Assemblywoman Judy Chu, herself a psychologist by training.
Exposition Park should be one of the shining jewels of the L.A. landscape. Inside the 160-acre park south of downtown L.A. is the historic Memorial Coliseum used in two Olympics, and the largest natural history and science museums in the western U.S.
Sole is one of the hottest names in the action sports industry. The 13-year-old company started with one skateboarding shoe, Etnies, and now counts three others as well as apparel.