Los Angeles Business Journal

LABJ WEEKLY EDITION

Latino Market

New licenses rev up auto insurer’s focusSpain’s Mapfre hopes illegal immigrants obtaining drivers licenses will rev up its auto coverage market.

By James Rufus Koren April 21, 2014 midnight   $$ Share

Wham-O’s Creditors Aren’t Playing

MANUFACTURING: Law firm, rival say toymaker stashed assets.

Creditors allege toymaker Wham-O is playing games to dodge paying its debts.

Businesses Fear Bill for Sick Days

GOVERNMENT: Employers say mandate would cost jobs.

Business owners and groups say a state proposal for three days of employee sick leave just won’t work.

Equity Firm Puts Money on Loans

INVESTMENT: Shackled banks open up market for Ares.

Equity firm Ares Management stepped into direct lending after new regulations handcuffed banks.

Transforming Learning Into A Science

Professor Egghead’s hands-on lessons turn into budding business.

Professor Egghead Science Academy looks to class up after-school programs with its hands-on lessons.

Dodgers Pitcher Hit as Spokesman

Hyun Jin Ryu steps up to plate to promote Jin Ramen noodles.

Ottogi sees Dodgers pitcher Hyun Jin Ryu as quite a catch as a spokesman for its brand of ramen noodles.

Perspiration Inspiration For Apparel

Creators hope exercise attire works out as clothes for office.

Ortiz Industry fashions a line of exercise clothing that also can be worn at the office.

You’re Going to Ecuador and Coming Back a Star

It wasn’t Hollywood where dreams of stardom came true for Steve Jaffe. It was Guayaquil, Ecuador.

Regional Report

News and notes from communities across Los Angeles County

eturn to Sender: Zumbox, a digital postal services company in Inglewood, informed users that it was shutting down operations last week.

Sold on South Gate

development: Primestor buys into low-income city as prime shopping spot.

City leaders sold Primestor on low-income South Gate as the site of a $100 million shopping center.

Online Ad Agency’s IPO Connects With Investors

INTERNET: Rubicon stock flourishes in contrast to other recent flotations.

Online ad company Rubicon bucks trend and clicks with investors.

Sheriff’s Department Brings In Data Processor

TECHNOLOGY: Platform by Citizen Global to handle videos, photos from public.

Sheriff books Citizen Global platform to handle crowdsourced data from emergency and crime scenes.

Investor Chips Into Wood-Processing Business

ENERGY: Rentech pulls in $150 million from Blackstone to pursue new ventures.

Blackstone Group powers up wood- and fertilizer-focused Rentech with $150 million investment.

Ailing Phone Maker Calls Dr. Patrick Soon-Shiong

HEALTH CARE: BlackBerry takes stake in NantHealth; will work on new handset.

NantHealth gets a line on mobile technology with an investment from phone maker BlackBerry.

Podcast Network Operator Ready to Talk the Talk

INTERNET: Radio Titans relaunches in downtown L.A. with sponsorship model

Carl Kozlowski is giving podcasting another try – and hoping to sustain his network with a newly introduced sponsorship model.

Furniture Maker Loses Standing After Stock Sale

MANUFACTURING: Shares of Nova Lifestyle fall even as company eyes China market.

Nova Lifestyle Inc., a Commerce furniture manufacturer and distributor, had an up and down week last week.

News of the Week

Last week’s major news from labusinessjournal.com and other sources

Huy Fong Foods gave a tour of its Irwindale factory for representatives from cities in California and 10 other states, with owner David Tran saying he may consider leaving.

Staging Comeback

Residential, retail developers look to get in on act as Hollywood’s star rises.

Residential and retail developers have taken a leading role in Hollywood’s revival.

Hotel Developers Check Into Blossoming Scene

Hoteliers are bringing room service to what they see as a growing scene in Hollywood.

Vacancy Dip Healthy Development for Construction

The Los Angeles County office market continued to heat up for its third consecutive quarter, helping reinvigorate construction and redevelopment across the area to levels last seen five years ago.

Positive Absorption Returns as Downtown L.A. Becomes Draw

The downtown L.A. office market saw gains in the first quarter as more than 110,000 square feet were absorbed by a mix of relocations and internal expansion.

Market Gives Back Space But Landlords Still Hike Up Rents

The numbers say Hollywood had a slow first quarter, but it would be hard to tell from a landlord’s or developer’s perspective.

Sun Continues to Shine on Westside as Market Chases Historic High

oin me in the Wayback Machine, Sherman.

Vacancies Don’t Restrain Landlords From Seeking Higher Rents

Despite a 21 percent vacancy rate, landlords along Wilshire Corridor continue to seek higher rents from tenants in advance of large-scale new residential and transit development.

San Fernando Valley Fills Up Without Help From Blockbuster Deals

Vacancy rates continued to fall in the San Fernando Valley office market in the first quarter as the region experienced healthy net absorption, though without any of the large marquee deals that characterized 2013.

San Gabriel Valley’s Industrial Market Sets Pace for Neighbors

Strong demand and several quarters of good momentum drove the San Gabriel Valley’s industrial market to outperform every other regional market in Southern California in the first quarter.