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.

LAX’s Growth Rate Takes Off

AVIATION: Airport leader in origin-destination travel.

LAX hit a record high of 80.9 million passengers in 2016 as traffic continues to rise.

L.A. Live Eyes E-Sports Events

SPORTS: AEG scores stake in Immortals gaming team.

L.A. Live owner AEG makes a play for video-game events by taking a stake in e-sports squad Immortals.

Will $50M Buy Wonderful Result?

agriculture: Ad spend headed for TV spots, ballparks.

Wonderful Co. hopes customers go nuts for its $50 million pistachio ad campaign.

Meal Kit Service Mixes in Campbell Soup

Chef’d has added Campbell Soup to the mix as the meal kit delivery company’s largest investor.

Page 3: Food as Deal Fodder

The fascination with food isn’t just for foodies anymore – what else to take away from Amazon’s $13.7 billion offer for upscale grocery chain Whole Foods?

Hyperloop Forges South Korea Ties

Playa Vista venture shores up presence overseas with deals with government, university.

Hyperloop venture speeds way to South Korea with several partnership agreements.

Busy Airport Drives Car Rental Business

Companies such as Enterprise, Hertz, Avis ride jump in passenger traffic at LAX to higher revenue.

Rise in passengers at LAX has revved up revenue for rental car firms at the airport.

Home Goods Move In

REAL ESTATE: Daiso signs lease for former warehouse used by American Apparel.

Home goods retailer Daiso California sews up lease for former American Apparel warehouse.

DTLA Booster Beefs Up

NONPROFIT: Central City Association board expands amid housing policy refocus.

Downtown’s Central City Association expands board amid advocacy adjustment.

Snack Puffs Up

Hippeas has new investors in the chickpea bag including Hollywood star Leonardo DiCaprio.

Mother’s Pizza Fare Seeks Slice of Gluten-Free Pie

FOOD: Gail Becker credits launch of Caulipower to her quest to feed her two sons.

Caulipower’s Gail Becker pursues healthy sales with her gluten-free pizza offerings.

Unique Period in History Unites Wealth Managers

INVESTMENT: Firms come together to cope with costs, as old guard opts to retire.

Range of factors brings together wealth management firms through mergers and acquisitions.

Electronics Retailer, Chinese Firm Reconnect with $179M Investment

A technology company in China announced in a regulatory filing last week that it is paying $179 million to increase its stake in online electronics retailer Newegg Inc. to almost 94 percent.

Data Gauging Tech Cities Open to Interpretation

REPORT: Impact of sector can be affected by range of factors in home markets.

Cushman & Wakefield’s recent Tech Cities 1.0 report is aptly titled – it’s an iterative effort, as the phraseology goes these days.

City of L.A. Considers Syncing Up Tax Deadlines

LEVIES: Councilman hopes to ease payment process by rescheduling date to April.

Los Angeles City Councilman Mitch Englander this month introduced a motion to lay the groundwork for synchronizing the payment of business taxes with federal and state taxes.

Speedy Century City Office Deal Delivers Discount

SALE: Investment partners get 33,000 square feet in tight market for $14.7 million.

Time was money in a rare case of distress in Century City’s robust office market.

Calendar

Calendar of Events

Conventions

Upcoming Conventions

Capital Idea on Pacific Rim?

Los Angeles is well-positioned to steer the future of the Pacific Rim.

Subway Might Deliver Beverly Hills 9021 Uh-Oh!

TRANSIT: Station work slated for Golden Triangle

Some local leaders fear subway work in Beverly Hills could bury some businesses.

Tease photo

Benching Over For NBA Agent

SPORTS: Dan Fegan looks to score deals amid ex-firm feud.

Basketball agent Dan Fegan and his former firm, ISE, are feuding.

Tech Homes In On Broker Fees

REAL ESTATE: Ventures aim to put squeeze on high costs.

Tech ventures such as Open Listings look to shut the door on steep home-sale commissions.

Business Journal Leadership Change

Matt Toledo exiting as publisher-CEO; ad vet Anna Magzanyan to take over publisher position.

Business Journal Publisher-CEO Matt Toledo is stepping down and handing the reins to Anna Magzanyan.

Boot Maker’s Shop Rides Heroes’ Capes

Duran’s Dance Shoes has leg up with comic-book fans willing to pay to top off their costumes.

Duran’s Dance Shoes’ leather boots are a hit with superhero fans looking to punch up their costumes.

PAGE 3: Gary and Gehry

This bit of buzz about the 73-story Wilshire Grand in advance of its opening Friday comes by way of fearless photog Gary Leonard, who bumped into Frank Gehry during a recent Bergamot Station opener for an exhibit by legendary L.A. abstract artist Ed Moses, who’s the father of downtown pub impresario Cedd Moses, by the way

Hollywood Plan Rewrite

DEVELOPMENT: Latest proposal would add tools to bolster preservation efforts.

New Hollywood Community Plan spotlights preservation of single-family-home neighborhoods.

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