Los Angeles Business Journal

LABJ WEEKLY EDITION

Immigrant Entrepreneurs: Moving Up in World

Foreign-born business owners discuss L.A.'s appeal, challengesForeign-born business owners talk about how they sowed success by putting down roots in Los Angeles.

March 2, 2015 midnight   $$ Share
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Future Comes Down to Wire

FINANCE: Startup hopes to spur remittance shops to jump online.

WireCash looks to help remittance shops get a line on the future by translating their business to the Internet.

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Blogging a Case Of Advertising?

LAW: Attorneys’ Internet entries may clash with state bar rules.

Blogging attorneys may be courting trouble with the California State Bar’s advertising rules.

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Investor Betting on Troubled Bank

LENDING: Alex Meruelo looks to vault NCAL into billion-dollar tier.

Alex Meruelo is ready to invest in transforming troubled NCAL Bancorp into the base of a larger institution.

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Reel Teaser

Film, TV work drives Trailer Park’s draw with brands

Trailer Park has leveraged its knowledge of TV and film promotion to hitch up to brands pursuing creative videos.

Kicking Luxury Into High Gear

Fast Toys Club’s event to put public behind wheel of exotic, expensive cars.

Fast Toys Club looks to buckle up fans of fancy cars with its driving tour of Los Angeles.

Site Joins Hunt For Job Seekers

RampUp helps health care workers while hiding their searches from current boss.

Website RampUp nurses health care job seekers’ hunts while keeping searches hidden.

Ex-Mayor Pushes It With Trainer

Former Los Angeles Mayor Antonio Villaraigosa is certainly fit for whatever challenge he takes on next – at least physically.

Regional Report

News and notes from communities across Los Angeles County

20th Century Props, a film industry prop maker has signed a lease deal valued at $896,367 for a Van Nuys warehouse with landlord Simon Cohen.

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Split Decision

REAL ESTATE: Furniture maker buys Rosemead portion of former Wham-O lot shared with San Gabriel home project.

Buyer of industrial building that’s in two cities splits the structure in two and pursues different strategies for each side.

Re-Evaluation Tough to Swallow for Drug Maker

BIOTECH: Arrowhead’s shares tumble after new analyst lowers target price.

Arrowhead Research’s stock hits a rough patch after a new analyst lowered target price.

Union Group Chief to Wage Pay-Hike Campaign

POLITICS: Rusty Hicks of labor federation backs bigger increase than L.A. mayor’s.

Los Angeles County Federation of Labor’s new chief, Rusty Hicks, says a minimum-wage hike will pay off in more jobs.

Aerospace Company Doesn’t Pay for Overbilling

MANUFACTURING: Strong earnings report offsets bad news from Ducommun.

Ducommun’s shares get a big lift from the aerospace firm’s full-year and fourth-quarter earnings.

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Medical School Graduates’ Second Opinion: M.B.A.s

HEALTH CARE: Business degrees offer shot in arm to varied careers in medicine.

Medical school graduates check into M.B.A. programs to bolster business careers in medicine.

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Quake Movie Takes Crack At Summer Ticket Sales

FILM: ‘San Andreas’ looks to shift focus from march of superheroes, sequels.

Quake movie “San Andreas” hopes to generate shock waves at the box office as it battles superhero tales and sequels.

New Accounts, Hires Put Deutsch LA in Top Spot

ADVERTISING: Playa Vista agency looking for more space after hiring spree.

It’s almost a game of musical chairs at the offices of Playa Vista ad agency Deutsch LA: The firm has hired so many employees lately that some of them are having to share desks.

Video-Editing App Proves Cut Above for Investor

INTERNET: Developer says Ferris eventually won over Upfront’s Mark Suster.

When music-video director and tech entrepreneur Paul Boukadakis landed a pitch meeting with Upfront Ventures partner Mark Suster in early 2014, he knew it would be a tall order to convince the famed venture capitalist that his mobile video app was the next big thing.

Founder of Small Firm Finds Way Back to Big Law

ACQUISITION: Integer’s Gregory Evans, staff join up with McGuireWoods in deal.

When Gregory Evans left his post as an equity partner at Milbank Tweed Hadley & McCloy in 2010 to found Integer Law Corp., he was looking for an opportunity to become his own boss.

Oil Firms Pumped Up to Fight Ban on Fracking

ENERGY: Industry groups ready to file suit if city of L.A. proposal goes through.

Oil industry opposition to a proposed ban on hydraulic fracturing, or “fracking,” in the city of Los Angeles has ramped up, as trade groups have threatened to sue if such a ban is enacted.

SPECIAL REPORT: Building costs

While construction booms, bills zoom as higher pay for experienced personnel pushes up price of projects.

Rising labor costs work to drive up expenses as momentum builds for more multifamily projects.

Sale, Lease Activity Continues to Bolster Recovery

Large sale and lease deals across Los Angeles County last quarter helped further cement the notion that the county’s office market has recovered.

Property Owners Turn to Creative Options as Submarket Slows

Downtown Los Angeles continued its tepid recovery in the first quarter of 2014 as developers bet on its future as a bastion of creative office space.

Lesser-Quality Product Struggling in Face of Development Projects

After a strong finish last year, Hollywood’s office market took it easy in the first quarter.

Property Owners Push Up Rents Despite Rare Negative Absorption

Absorption. It’s not sexy, but it’s one of the key through-lines in the first-quarter Westside story.

6300 Wilshire Talk, Departure of E! Boosts Profile of Miracle Mile

While the klieg lights were shining in Hollywood and downtown Los Angeles for awards season, Miracle Mile was getting ready for its close-up as the E! Entertainment space at Tishman Speyer’s Wilshire Courtyard complex, 5700-50 Wilshire Blvd., hit the market and word of a deal for 6300 Wilshire sent ripples of anticipation up and down the corridor.

Submarket Notches Two Years of Steady or Declining Vacancies

The first quarter was a watershed for the San Fernando Valley’s commercial submarket. For the eighth consecutive quarter, vacancies either declined or remained steady in the Valley’s office sector.

Hefty Lease Deal Has Brokers Bullish on ‘Other Valley’s’ Prospects

The year is off to a strong start for the San Gabriel Valley, where its commercial real estate market is once again demonstrating prerecession activity.