LABJ WEEKLY EDITION
City of L.A. looks to put brakes on parking-tax cheats
Parking: Some lot operators see no space for proposed city of L.A. revenue-tracking measures.
Real Estate: Revival of nixed portfolio deal sought.
Real Estate: Consortium to ask court to push through its 2010 purchase offer for a group of state-owned properties.
Apparel: Zippers, buttons open up label fight for manufacturers.
Apparel: Denim companies fashion new “Made in USA with imported components” label to dodge nuisance suit over some imported pieces.
San Gabriel lobbied hotel for steakhouse as part of push to diversify dining.
Development: San Gabriel has so many Chinese restaurants it told a hotelier to make room for a steakhouse.
Lynx customizes product to improve accessibility for wheelchair users.
Cooking: Lynx Grills didn’t focus on sizzling sales when it designed a product for customers in wheelchairs.
Alhambra “Dadpreneur” Ray Phillips was merely looking for a way to make baths more fun for children.
News and notes from communities across Los Angeles County
Game On: Scopely, a Culver City mobile game and entertainment company, has raised $35 million in a Series A round led by Evolution Media Partners and Highland Capital Partners.
Life Science: Lab Launch looks to help early stage firms put down L.A. roots.
Life Science: Lab Launch looks to test the real estate market by offering space to house early stage companies.
Biotech: CytRx’s drop shows risk of allowing use outside clinical trials.
Biotech: Shares of CytRx fall after death of cancer patient using company’s drug outside of clinical trials.
Real Estate: Trio says they lost almost $1 million in Koreatown project.
Real Estate: Three doctors say they were shortchanged after checking out of a Koreatown condo development.
Shipping: High volume, labor unrest drive freight forwarders to take to skies.
Shipping: Freight-forwarder UTi says air freight has taken off in response to a backlog at the ports.
Real Estate: Recent stock moves by Macerich spur talk of acquisition.
Real Estate: Macerich’s stock deals may mean the mall operator is preparing for a sale – of itself.
Radio: Tom Leykis finds success with subscriptions after switch to Internet.
Radio: Former FM talk-show host Tom Leykis has channeled a subscription model into success online.
Media & Entertainment: AXS looks to tap co-owner AEG’s festival connections for shows.
AXS TV, a fledgling cable channel that counts downtown L.A.’s Anschutz Entertainment Group as an owner, is doubling down on its music festival programming.
Regulation & Policy: Property owners weigh creation of districts to pay for repair work.
Taxing yourself more for things that your city ought to be doing already might seem ludicrous at first glance, but when it comes to fixing streets and sidewalks, some major commercial and retail property owners in Los Angeles seem open to the idea.
Last week’s major news from labusinessjournal.com and other sources
Fuji Food Products Inc., a Santa Fe Springs company that makes packaged sushi, plans to open a manufacturing plant in the Chicago suburbs.
Calendar of Events
Stocks did a whole lot of nothing during the week ended Nov. 19, as investors held steady after the Federal Reserve released minutes from its October meeting.
Real Estate: Onni deal Beacon’s second in market in last two months.
A 17-story office building in downtown Los Angeles sold earlier this month for an as-yet undisclosed price.
Comment: Charles Crumpley wonders if American Apparel is losing its strong brand.
Irving Reifman defends Rep. Henry Waxman’s oversight of the health care industry during his time in Congress.
LABOR: L.A.’s increase could cost employers in Culver City.
Culver City businesses fear they will have to pay to keep up with L.A.’s proposed minimum-wage increase.
The Wrap saw its lead role in online show-business reporting diminish as paper rivals made the jump.
Chamber hopes new star-guide app shines with tourists.
Hollywood Chamber of Commerce hopes its Walk of Fame star-guide app has legs with visitors.