LABJ WEEKLY EDITION
REAL ESTATE: Hub site offered rare space in SoCal
New Compton megawarehouse proves shipshape for UPS in $44 million lease deal.
Legal weed could test companies’ hiring policies
Legalized recreational weed could put employers’ drug policies to the test.
INSURANCE: Rocket policies spread out risk.
A complex system of factors goes into landing coverage for rocket launches.
AEROSPACE: Virgin banks on tiny satellites.
Virgin Galactic’s satellite program could be the warm-up to getting its space tourism business off the ground.
California Science Center will team up with Pixar to spotlight STEM concepts.
California Science Center enlists Pixar to frame STEM concepts as an exhibit.
MotEV sees high-end cars as means to make inroads with eco-conscious crowd.
Driving firm MotEV has charged into the sector looking to tap positive buzz for Tesla’s electric vehicles.
Cushman & Wakefield Managing Director Andrew Tashjian has been to Haiti, the Dominican Republic, Mexico, and Colombia. He wasn’t vacationing, but working with Salt Lake City nonprofit Operation Underground Railroad to rescue children from sex traffickers.
A Look Ahead: What's on the agenda for Los Angeles business in the coming week
Jeanie Buss knows a thing or two about entertaining basketball fans downtown, but now the Los Angeles Lakers president is bringing a different sport to the area: professional wrestling.
International Space Station guest Dennis Tito is still high on the future of space travel
Finance exec Dennis Tito talks whether it was worth the $20 million to hitch a ride to the International Space Station.
BEAUTY: Skin Laundry sees low-cost service as opportunity to clean up.
Skin Laundry has fleshed out a business strategy with a focus on low-cost laser facials.
FINANCE: Fake accounts at Wells Fargo show risk of pushing performance.
Wells Fargo’s fraud fallout underlines how businesses may pay for incentive programs.
RETAIL: Election results may throw chill on plans for spending, however.
Positive economic factors could add up to a strong holiday shopping season in Los Angeles.
MEDIA: Shares of tronc still up from Gannett bids while Times presses into future.
Los Angeles Times embarks on digital future as acquisition bid for parent tronc has yet to click.
TECHNOLOGY: Demand from VR firms could yield studio production boost.
The virtual reality industry is in experimental mode and facing challenges, but that might be to the advantage of L.A.-based companies, according to Don Karl, partner and lawyer at Perkins Coie’s Century City office.
FILM: Execs, academics frame growing market as salve for U.S. stagnation.
It seems the word on everyone’s lips in Hollywood is “China” – and for good reason.
Abalta Technologies Inc., which makes a platform to hook up people’s cars to their phones, has a new owner after receiving an investment of an undisclosed sum from Japan’s biggest digital map maker, Zenrin Co.
Calendar of events
ACQUISITION: Multifamily sale price sets per-unit high mark for submarket.
New York Life Real Estate Investors picked up the Rubix Hollywood apartments this month for $109 million.
Sure, taxes and regulations are a burden, but California remains a draw to entrepreneurs.
Closing Aliso Canyon would only drive up already sky-high prices paid for natural gas in Los Angeles.
Closing the Aliso Canyon facility will only serve to drive up natural gas prices, warns Tracy Hernandez.
James de la Loza sees Measure M easing traffic in Los Angeles.
RETAIL: Owner of Fred Segal wants moniker gone on Melrose.
Owner of Fred Segal name says Melrose shopping district property needs to drop the moniker.
Fender turns to Hollywood, internet to lift sales
Guitar maker Fender looks to crank the volume on sales with a new outpost in Hollywood.
ADVERTISING: Summit fears cutback cuts out smaller firms.
Summit Media sees a city of L.A. plan for more digital billboards as a bad sign for small firms.
New crowdfunding rules have yet to stir big numbers of unaccredited investors.