LA BUSINESS JOURNAL DAILY NEWS

Moving Into Koreatown

DEVELOPMENT: Proximity to Westside, downtown, rail line fuels market’s attraction.

Koreatown has proved a popular middle ground between downtown and the Westside.

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Port of Long Beach to Name Mario Cordero Executive Director

Mario Cordero is set to become the Port of Long Beach’s new executive director after a Board of Harbor Commissioners vote scheduled for Friday.

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Roy Choi’s Locol Chain to Launch Affordable Premium Coffee Shops

Restaurateurs Roy Choi and Daniel Patterson, the team behind Los Angeles healthy fast-food restaurant chain Locol, are planning to scale up their premium affordable coffee brand, Yes Plz, with coffee windows and standalone shops.

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PBS SoCal’s KOCE-TV Earns $49 Million in FCC Auction

PBS SoCal’s KOCE-TV public broadcasting station is among 175 nationwide winners of the Federal Communications Commission’s first-ever Broadcast Incentive Auction.

Silicon Beach Report April 13: Instagram Stories Users Rise to 200 Million Per Day

Instagram Stories users rise to 200 million per day, Aerojet moves rocket engine work to Alabama, and Hulu Live TV service to cost $39.99 per month with ads.

March Cargo Volumes Surge at San Pedro’s Twin Ports

The twin ports of Long Beach and of Los Angeles saw increased cargo traffic in March. The Port of Long Beach saw a 20 percent increase in its cargo numbers compared to a year ago and posted its best quarter since 2007. The Los Angeles port saw a whopping 29 percent jump in incoming cargo containers compared to the year earlier.

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L.A. Controller Calls for Overhaul of Police Permits for Businesses

L.A. City Controller Ron Galperin on Wednesday called for an overhaul of the city’s antiquated system of issuing police permits for movie theaters, pool halls, massage parlors, and more than 50 other types of businesses.

Report: Major L.A. Employers Concerned High Housing Costs are Barrier to Attracting and Retaining Talent

The region’s high housing costs are deterring top talent from entering the Los Angeles job market and leading to higher recruiting costs for employers, according to a survey released Wednesday from USC and the Los Angeles Business Council.

Garcetti Lauds Netflix’s California Commitment

Netflix Chief Content Officer Ted Sarandos said the company intends to bring as much Netflix production as possible to California.

Small Business Deals Up in First Quarter of 2017

First-quarter sales of small business in Los Angeles were up 4.4 percent year over year, according to numbers from BizBen released Tuesday.

Caldwell Leslie & Proctor Merges with Boies Schiller Flexner

Boies Schiller Flexner is snapping up downtown’s Caldwell Leslie & Proctor effective April 17, according to the firms, giving the New York-based outfit a robust addition to its West Coast practice.

Pritzker Group’s ProAmPac Acquires Trinity Packaging Corporation

Pritzker Group Private Capital’s recently acquired ProAmPac on Monday folded in a competitor in the packaging manufacturing industry, marking the first deal of the year for the West L.A. private equity firm.

Movers for Week Ending April 7, 2017

Beverly Hills-based Genius Brands International Inc. was the week’s leader, gaining 20.6 percent to close at $4.51. Furniture maker Nova Lifestyle Inc., headquartered in Commerce, was close behind, shooting up 15.7 percent to close at $1.92. The week’s biggest laggard was Ritter Pharmaceuticals Inc. in Beverly Hills, which dropped 19.7 percent to close at $1.14.

Producer Joe Carnahan Lists Pacific Palisades Home for $3.9 Million

Hollywood director and producer Joe Carnahan is selling his Pacific Palisades home for $3.89 million.

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Michael Ferro Suggested LA Times Sale to Patrick Soon-Shiong, Lawyer Says

Tronc Inc.’s second-largest shareholder slung another missive at the Chicago media company on Friday in a fast-escalating war of words over the future of its flagship newspaper, the Los Angeles Times.

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Rodney King Riots Still Cast Shadows

Some neighborhoods and properties damaged in the Rodney King riots have made full recoveries, while others are still working to bounce back from the unrest.

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Alliances Slow On Scheduling

SHIPPING: Port businesses wait as partners come together.

New alliances among cargo lines have left some port businesses high and dry on scheduling.

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Easter May Deliver Hopped-Up Sales

Holiday’s later date could spur shoppers to put even more in baskets, according to retail group

Industry group expects Easter’s later date to egg on shoppers to increase their holiday spending.

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Businessman Helped Neighborhood Bounce Back

DEVELOPMENT: Vermont Avenue tenants credit lift to efforts by Leonardo Lopez.

Olympian Burgers’ Pete Zinelis lived through the Rodney King riots and the neighborhood’s recovery.

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Upfront Ventures’ Mark Suster Quickly Bought in to L.A.’s Future as a Tech Development Hub

Early Entry

Upfront Ventures’ Mark Suster plugs L.A.’s tech scene after forming an early connection.

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