BALLOT REFERENDUM: California’s statewide plastic bag ban is on hold after opponents, along with plastic bag manufacturers, qualified a referendum for the November 2016 ballot. The Washington-based trade group American Progressive Bag Alliance turned in more than 800,000 signatures to the California Secretary of State’s Office, more than the roughly 500,000 needed to put the referendum on the ballot. The state Legislature and Gov. Jerry Brown approved the ban last year. In addition to banning single-use plastic bags, the law requires grocery stores and other merchants to charge 10 cents for each paper bag given to customers. The referendum puts the state ban on hold but does not affect local bans in place in Los Angeles, Long Beach and dozens of other jurisdictions.
UP FOR SALE: Real estate brokerage Cushman & Wakefield Inc. will soon be sold, sources told the Wall Street Journal. Rising property prices are increasing the value of rivals, which led to the decision to sell by Exor SpA, the Italian company that owns Cushman, one of the world’s largest real estate services firms. The firm has a big presence in Los Angeles but is based in New York. Exor will reportedly work with Goldman Sachs and Morgan Stanley to look for a buyer.
NO GO: Former Los Angeles Mayor Antonio Villaraigosa has decided against running for the U.S. Senate seat left vacant by retiring incumbent Barbara Boxer. Some members of the state’s Legislative Latino Caucus are interested in finding another viable Latino candidate to run instead. The only major candidate to announce a bid so far is State Attorney General Kamala Harris. Other Democrats who might be considering running are U.S. Reps. Adam Schiff of Burbank, Loretta Sanchez of Garden Grove and Xavier Becerra of Los Angeles.
NFL HOPEFUL: The Inglewood City Council has unanimously approved the construction of an 80,000-seat National Football League stadium proposed by St. Louis Rams owner Stan Kroenke. He said he plans to build the stadium without public money. The project would be part of a 238-acre retail, office, hotel and residential project at the former Hollywood Park race track. The project could generate an estimated $25 million in annual revenue for Inglewood, according to developers.
PASCAL OUT: Sony Pictures Entertainment has announced Hollywood executive Tom Rothman will replace Amy Pascal as chairman of the company’s motion picture group. Rothman, who headed Fox Filmed Entertainment for more than a decade, helped bring hits including “Avatar” and “Titanic” to the big screen. He most recently helmed Sony’s TriStar Productions. He will report to Michael Lynton, who has had his contract as chief executive of SPE and Sony Entertainment extended.
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