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.

Rocket Firm High on New Course in Business

AEROSPACE: Aerojet may seek lift in satellite service

Aerojet Rocketdyne may look to pad its rocket revenue by adding satellite launch services.

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Costly Buildup In Construction

DEVELOPMENT: Crush for crews squeezes project budgets.

Buildup in construction costs is making it harder to put together projects.

Whole New Strategy for Randy’s Donuts

Randy’s Donuts finds a sweet spot in Century City for first expansion.

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Trouble in Air?

Oil refineries fear air pollution crackdown could turn into a big turnoff for facilities.

Ahh, Retirement

David Geffen, owner of one of the largest yachts in the world, played host to an elite lineup last month, according to the U.K.’s Daily Mail.

Sports Deals in Play For Marketing Firm

Innovative Partnerships Group looks to assist property owners in fielding business sponsors.

Innovative Partnerships Group hopes to team up property owners and businesses in sponsorships.

Councilman Backs Buffer Zone Study

Oil industry warns such areas could lead to city of Los Angeles losing jobs as well as tax money.

Councilman’s call for study of buffer zones around L.A. drilling sites stirs deep industry concern.

Former facility of American Apparel set for AST Sportswear operation.

CLOTHING: Property Gets Dye Jobs

AST Sportswear will fold its dyeing operations into a former American Apparel property.

Scrubs Maker Cleans Up

APPAREL: Medical clothing of Jaanuu scores $5 million from fashion industry vets.

Jaanuu, a maker of clothing for the medical sector, marks a healthy $5 million investment round.

Hollywood Bed Building Bigger Facility to Handle Major Retail Orders

Chain Reaction

Wal-Mart’s made-in-USA program has helped bolster sales of frame maker Hollywood Bed.

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Real estate agents lay out strategies on how to bring home residential deals.

‘Going To War’

Agents talk the tricks that open the door to winning bidding wars for prime homes.

Talent Agencies Cue Up Political, Social Activism

ENTERTAINMENT: Election of Donald Trump credited for clients’ new engagement

Talent agencies offer direction to clients looking to act on political and social issues.

Utility: System Sale Doesn’t Point to Second Deal

WATER: Golden State plans to continue Claremont fight despite settlement with Ojai.

Utility Golden State says the sale of its Ojai system doesn’t mean a Claremont deal is more likely.

Brokers Invest in Videos To Help Frame Mansions

HOUSING: Partners Trust duo drew on ‘La La Land’ to pitch $8.5 million home.

Some brokers make a big production out of creating potential viral videos to showcase high-end homes.

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Firm Ends Up With Four Closings in Busy Market

BANKING: Intrepid’s CEO says unprecedented number of prospective buyers active.

Things were busy last week for Brentwood’s Intrepid Investment Bankers, which closed four deals for four different clients, according to the firm’s founder, Jim Freedman, who also serves as chairman.

Fiber-optics Company’s Sale a Crowning Moment

TECHNOLOGY: Wilcon Operations’ $600 million deal reflects industry trend.

Crown Castle International Corp. agreed last week to acquire downtown telecommunications firm Wilcon Operations in a $600 million deal with private equity firm Pamlico Capital.

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Office Supply Investor Sees More Upside in Down Under Market

Platinum Equity doubled down on its play in the office supply market last week, announcing plans to acquire the Australia and New Zealand units of Office Depot Inc. subsidiary OfficeMax.

Calendar

Calendar of events

Conventions

Upcoming conventions

West’s Tallest Tower Leans Toward Major Tenant

LEASE: Government group in talks to take two floors at Wilshire Grand Center.

The 73-story Wilshire Grand Center, the tallest tower in the West, is close to signing its first major office tenant.

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Day’s Labor Lost

An effort to require workers’ comp insurance for day laborers is pulled – as it should have been.

Speeding in Wrong Direction

California should move as fast as possible away from its ill-conceived, money-sucking bullet train plan.

Russell Goldsmith wants California to hit the brakes on the bullet train.

Drought’s Over but Water Issues Remain

Even with the drought over, the state still needs to do more resource management, advise Kevin Tilden and Noah Mundt.

SPECIAL REPORT: Telling L.A.’s story

Monica C. Lozano approached her stewardship of Spanish-language newspaper La Opinión as a family business that provided a voice for immigrant, Latino communities.

Monica C. Lozano worked to deliver more than just news to the Latino community while running La Opinión.

SPECIAL REPORT: Patient Focus, Growth

It all began with two small hospitals in the early 1900s that had the goal of caring for the sick in L.A.’s Jewish community.

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SPECIAL REPORT: Law Firm Helped Make Case for L.A.

From its launch in 1885, law firm O’Melveny & Myers has been intimately connected with growth and development in Los Angeles.

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