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Pasadena’s Art Center Completes $103M Bond Offering to Fund Renovations

The Art Center College of Design announced on Aug. 7 that it completed the sale of $103 million in bonds, of which $42 million will fund the renovation of facilities on its two Pasadena campuses.

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Nikias Out at USC; Trustee, Former Aerospace Exec Austin Named Interim President

Max Nikias on Aug. 7 stepped down as president of USC and the board of trustees named one of its own, Wanda Austin, as interim president pending a nationwide search, board chair Rick Caruso announced in a letter to USC students, faculty and staff following an afternoon board meeting.

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Brown Appoints Local Redevelopment Consultant to UC Board of Regents

Gov. Jerry Brown on Aug. 6 appointed Pasadena redevelopment consultant Cecilia Estolano to the University of California Board of Regents.

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Resnicks Donate Additional $2.4M to Food Law Center at UCLA School of Law

Billionaire farm and food magnates Lynda and Stewart Resnick have donated an additional $2.4 million to the UCLA School of Law for research and educational resources at their Resnick Center for Food Law and Policy, UCLA officials announced Aug. 1.

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FIDM Fashion School Names Verreos, Paul Co-Chairs of Design Program

Downtown’s Fashion Institute of Design & Merchandising announced July 31 it has named red carpet designers Nick Verreos and David Paul as new co-chairs of the school’s fashion design program.

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L.A. County Jobless Rate Ticked Up to 4.5 Percent in June

L.A. County’s unemployment rate edged up to 4.5 percent in June as more county residents were looking for work, according to state figures released July 20.

Pasadena Council Approves Art Center’s Master Plan

The Pasadena City Council late on July 16 unanimously approved a master plan for the Art Center College of Design that will focus the school’s growth over the next 15 years at its campus south of downtown Pasadena.

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FAT Brands Inc. Closes Acquisition of Hurricane Grill & Wings

Restaurant franchising company FAT Brands Inc. said it has closed on its $12.5 million acquisition of Hurricane Grill & Wings, bringing FAT Brands’ franchise count to more than 325 units globally.

LAUSD Superintendent Launches Fund for School District with $3 Million in Donations

Los Angeles Unified School District Superintendent Austin Beutner on July 5 announced the launch of a philanthropic fund to boost resources for educating students, saying initial donations have topped $3 million.

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Late Professor Gifted $1.73M to Cal State Dominguez Hills

Gift will establish first endowed chair in school’s history

A recently deceased professor gifted $1.73 million to California State University Dominquez Hills, the school’s largest-ever faculty member gift.

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Split Decision in AEW Dispute With Shekhter Over Nine-Property Portfolio

A state appellate court affirmed a lower court ruling handing AEW Capital Management full control of a nine-property portfolio that’s the subject of a dispute with Santa Monica developer Neil Shekhter’s NMS Capital Partners, its former joint venture partner, who is accused of destroying evidence.

Wilson Named Chief Executive at Manatt Phelps & Phillips

Bill Quicksilver will step down as Manatt Phelps & Phillips’ managing partner and chief executive officer next year and will be replaced by Donna Wilson, who currently chairs the law firm’s privacy and cybersecurity practice.

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American Jewish University Names Jeffrey Herbst as New President

American Jewish University in Bel-Air has named former Newseum and Colgate University president Jeffrey Herbst as its new president, succeeding longtime leader Robert Wexler, the university announced June 6.

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Pepperdine Graziadio Launches Executive DBA Program

The Pepperdine Graziadio Business School announced June 5 it is launching in the fall an Executive Doctorate of Business Administration program which will further develop skills for executives through courses and research.

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Milbank Ups Pay for Associates

Milbank Tweed Hadley & McCloy announced June 4 a $10,000 pay increase to $190,000-a-year for starting lawyers.

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