Los Angeles Business Journal

LABJ WEEKLY EDITION

Lofty Goal

Developer looks to put new museum on displayDeveloper Tom Gilmore looks to reframe downtown’s Old Bank District with a multibuilding museum.

By Cale Ottens February 22, 2016 9:20 a.m.   Share
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Hitching Ride at Theme Parks

MARKETING: Index sees sites as major attractions for toy sales.

Index Promotions looks to ride the theme park boom into more custom merchandise orders.

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Giving Credit

LENDING: Chinese search giant links with ZestFinance algorithm.

Online-focused ZestFinance hopes its algorithm model clicks with the Chinese market.

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Radio, TV Broadcaster Tops Chart

INVESTMENT: Entravision hits No. 1 on list of most profitable.

Spanish-language radio and TV broadcaster Entravision dialed up its performance to top the Business Journal’s list of most profitable public companies.

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Paper Delivers With Internet

Los Angeles Times has found social media more welcoming than local TV news rivals.

Eyes of Kids Worth Look For Nonprofit

Austin Beutner frames children’s health as Vision to Learn’s goal.

Austin Beutner sees Vision to Learn’s eye exams as a way to focus on children’s health.

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Game Gives Firm Leg Up On Wellness

Citadel incorporates Pokémon Go craze into walking club program.

Citadel Environmental Services steps up its walking club program with the addition of Pokémon Go.

High on Scary Situations

If the sky is the limit in starting and running a business, Dan Goman wants to see just how high he can go.

A Look Ahead: What’s on the agenda for Los Angeles business in the coming week

LAW: Most lawyers likely will be courting failure at this week’s bar exams.

Recent law graduates in California are gearing up to take the state’s bar exam, which will run July 26 to 28 and is given locally at the Los Angeles Convention Center as well as in Culver City and Pasadena.

Multilevel Marketing Makeover?

Herbalife Ltd.’s $200 million settlement with the Federal Trade Commission will mean a rethinking of how it conducts operations, but reimagining a $6 billion company’s business model is no easy task.

Business Journal sorts through the good and bad news in Herbalife’s $200 million FTC settlement.

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Co-Working Space Still Campaigns for Ad Firms

REAL ESTATE: El Camp’s founder Eric Johnson sees strength in sector focus.

Founder of co-working space El Camp still sees ad industry focus as a plus.

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New FAA Guidance May Lift Drone Companies

New FAA Guidance May Lift Drone Companies

New federal rules on commercial use could help sales take off for drone maker AeroVironment.

Virtual Monster Hunters Big Game for Businesses

INTERNET: Mall, battleship museum among courters of Pokémon Go pedestrians.

Some businesses are seeing real boosts in customer traffic from hunters of Pokémon Go’s virtual beasts.

Research Business Hopes to Ring Up Responses

SURVEY: Reconnect touts misdialed calls as chance to accurately poll public.

As election season heats up, opinion polls are on everyone’s mind.

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Lawmakers Question Support for Infrastructure

POLITICS: Group alleges SoCal projects not getting share of federal grants.

A group of local lawmakers is demanding to know why the U.S. Department of Transportation has denied freight and road grants to several Southern California projects, including two at the Port of Long Beach.

Online Razor Service Proves Cut Above as $1 Billion Acquisition

The acquisition of Dollar Shave Club by Unilever for $1 billion in cash gave the London-based consumer goods giant its first razor business.

Calendar

Calendar of events

Conventions

Upcoming conventions

Playa Vista Office Acquisition Sets Record High

SALE: Tech influx helped drive up Playa Jefferson’s price tag to $165 million.

Playa Jefferson has sold for $165 million, or $843 a square foot, making it Playa Vista’s priciest office sale, according to sources familiar with the deal.

Different Directions

The profitability of publicly held real estate companies and Dollar Shave Club’s $1 billion exit are all part of the story of the strength of the local economy.

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At Home

TECHNOLOGY: Vet execs give guidance to furniture-buying app.

Veteran CEOs are helping design app Homee reshape the furniture-buying business.

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Good Magazine Hopes to Do Well With Revamp

MEDIA: New editor-in-chief’s makeover includes price hike.

Good magazine sees a refocus on editorial content as the best way to revive the publication’s circulation.

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Oh, Boy! Smut Suit Hits Snapchat

INTERNET: Class action filed on behalf of 14-year-old user.

Attorney looks to send a lasting message to Snapchat with a decency lawsuit filed on behalf of a boy.

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Spirited Offer Draws Ad Execs

Duo pours themselves into developing unique take on Absolut Co.’s Our/Vodka.

Steven Ocheltree and Tyler Simmons seek to bottle L.A.’s spirit with their venture for Our/Vodka.

Cake Figurines Find Sweet Spot

Swirly Celebrations crafts custom characters to cover range of wedding parties.

Swirly Celebrations positions its cake figurines as a top attraction for weddings.

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Holiday a Workday for CEO

Smart & Final Stores Inc. Chief Executive Dave Hirz marked the Fourth of July making rotisserie chicken. His culinary endeavors weren’t, however, part of a family cookout.

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A Look Ahead: What’s on the agenda for Los Angeles business in the coming week

DINING: Restaurant Week has goal to feed business for participating eateries.

Local eateries hope profits will be on the menu during Dine L.A. Restaurant Week, which helps restaurants entice customers with special menus that will take smaller bites out of their wallets.