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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Distinctive Assets’ ‘Swag Bags’ Offer Shot at Oscar Glamour

Giving To Get

Gift baskets for Oscar participants offer businesses a package deal to promote items and services.

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Will Air Plan Box In Cargo?

SHIPPING: Businesses fear proposal may curb truck trips

Cargo movers fear proposed air regulations could drive down the number of truck trips.

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Pulsing Market

REAL ESTATE: Two medical properties pump up downtown.

A tight market could generate healthy returns for medical office properties.

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Solar Umbrellas Take Charge at Coffee Chain

ENERGY: Deal plugs Zon’s power invention at shops.

Zon hopes to help cover customers’ power needs with its device-charging solar umbrellas.

Sister Ports Trade On Busy January

Long Beach begins to bounce back from Hanjin bankruptcy; L.A. marks another record.

TRADE: Wave of January shipments buoy L.A. and Long Beach ports.

Fast-Fashion Firm’s Quick Turn on IP

Forever 21 heads to court in order to enforce copyrights in what may prove new pattern for company.

APPAREL: Forever 21 has filed a pair of lawsuits to button up the fast-fashion retailer’s copyrights.

L.A. ‘Feeling’ Out Tourism Promotion

City looks to up emotional stakes to draw potential visitors with push centered on lifestyle, vibe.

TOURISM: L.A. marketing plan gets emotional in touting the city’s lifestyle and “feeling” to draw visitors.

PAGE 3: Charity Boxed Up

A gift that keeps on giving: The Jewish Federation of Greater Los Angeles will hold an event early next month acknowledging the gift by Richard Ziman of more than 250 tzedakah (charity) boxes.

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Trump’s Talk Makes It Tough to Sound Out Future

ECONOMY: LAEDC’s team of forecasters put to test by stream of pronouncements.

Los Angeles Economic Development Corp. forecasters try to figure in Donald Trump’s future impact. 4

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Homeboy’s Desire for Revenue Generator Powered Recycler Acquisition

E-Waste Pickup

Gang member rehabilitator Homeboy Industries seeks revenue charge from e-recycling.

Home Brokers Expand by Opening Doors Abroad

L.A. brokers hope to gain ground locally and abroad with foreign offices.

Fuller Plate

Restaurateur Lee Maen has homed in on delivery as means to boost business for Innovative Dining Group

Innovative Dining Group’s Lee Maen talks wage hikes and how to best serve up the Sunset Strip.

Venture Capital Firm Will Put Money on Startups

FINANCE: Fika’s $40 million fund will look to help stake B2B businesses from get-go.

Fika Ventures aims to get a jump on startups with a $40 million fund.

2016 Delivered $369 Million In Seed Investment

Seed investors took a rooting interest in the health and wellness sector last year.

Higher Rents Come Knocking at Affordable Units

HOUSING: City incentives to retain lower rates might not be enough to stave off hikes.

Landlords could see revenue boosts as affordable-housing rent limits expire.

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Snap Control Structure Could Hinder IPO Price

TECHNOLOGY: Snapchat parent could be valued at up to $22 billion in offering.

Concentration of voting shares with the co-founders could prove costly for Snap’s IPO.

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City of L.A. to Get Say on Mayoral, Council Seats

POLITICS: Eric Garcetti to face 10 challengers; eight of 15 districts up for grabs.

Believe it or not, another election looms for Angelenos on March 7.

Treat Maker Sweet on L.A. as New Bakery’s Home

EXPANSION: Cronut creator Dominique Ansel also to use location for his first eatery.

Mapletree’s Extended Interest Lands Deal For Oakwood Worldwide

Oakwood Worldwide, the extended-stay apartment company based in West L.A., has been acquired by Mapletree Investments Pte Ltd., a real estate investment trust based in Singapore, in an all-cash deal.

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Calendar of Events

Conventions

Upcoming Conventions

Auto Maker to Race Away From Massive Campus

LISTING: Toyota to hit road for Texas and leave Torrance with 2 million square feet.

Toyota Motor North America Inc. has put its massive Torrance campus on the market, almost three years after announcing plans to relocate its North American headquarters to Texas.

Lighting Fire Under Pot

Measure M, the city of L.A.’s cannabis regulation initiative on the March 7 ballot, is somewhat curious in that it doesn’t need to exist.

Kindred Spirits Join Businesses

MEDIA: Social impact brings together Good with Upworthy.

Good Worldwide sees positive in merger deal with similarly socially minded Upworthy.

Downtown Veterans Aim to Scale Skyscaper

REAL ESTATE: Trio looks to fill Citibank Center offices.

Downtown veterans look to build on legacy by reviving office space at Citibank Center.

Jet Set Internet

AVIATION: Lessor of aircraft high on airborne broadband.

Air Lease Corp. gets on board plan to install internet broadband transmitters on aircraft.