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.

Here Comes Newhall

Developer bills project as new green standard, relief on housing crunch

A 21,500-home community has finally gotten the green light after years of legal and environmental challenges.

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Public Companies’ New Mark: $671 Billion

ECONOMY: Snap’s entry, Activision’s strength set pace.

A look at the movers on this year’s list of the largest public companies ranked by market capitalization.

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They’ve Still Got Mail

ENTERTAINMENT: Talent agencies’ old-school training.

Aspiring agents at local talent agencies are still required to put in time in the company mailroom.

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Soon-Shiong Pledges Manufacturing Here

HEALTH CARE: El Segundo base for anti-cancer components.

Billionaire Patrick Soon-Shiong has pledged to bring manufacturing jobs to El Segundo as part of his cancer treatment initiative.

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BYD’s Hiring Pledge Could Charge Up MTA Bus Deal

Downtown-based electric vehicle maker seeks $66 million contract.

Electric bus maker BYD sweetens deal for MTA contract.

Theater Chains Hope Alcohol Can Reel in Patrons

Adult beverage sales seen as key to increasing movie attendance.

Movie theaters try to lure customers with increased alcohol sales.

PAGE 3: Guber, Ferrell Team Up on Beckerman

Call it some sort of kismet when it comes to Dan Beckerman, chief executive of downtown-based AEG, and Peter Guber, boss of Mandalay Entertainment Group in Culver City.

Longtime Family-Owned Honda of Hollywood Sold

Honda of Hollywood revs up interest from a San Jose-based buyer.

$20M Gift to Torrance Hospital

Torrance’s Providence Little Company of Mary Medical Center receives $20 million donation.

Rubicon Project Buys Ad Software Firm for $38.5M

Software developer clicks with Playa Vista ad exchange Rubicon Project in $38.5 million deal.

LAEDC to Provide New Workforce Training

LAEDC teams up with community colleges on workforce training program.

Trader Joe’s Yet to Join Rivals in Push for Delivery, Online Services

Sold on Stores

Delivery not seen as vital in near term for grocery chain Trader Joe’s despite market trends.

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Another Law Boutique Snapped Up by Big Firm

LAW: DLA Piper gets Liner in local industry shakeup

DLA Piper plans merger with local law firm Liner.

Deals & Dealmakers: ACI Packs Up Rival

logistics: Purchase is part of Long Beach delivery company’s expansion effort.

There’s no denying the newspaper business is struggling – especially on the print side – but the proverbial newspaper boy is, surprisingly, doing just fine.

New FAA Rules Give Drones More Film Roles

TECHNOLOGY: Certificate in place of pilot’s license among changes to ease way.

Drone filming companies say new FAA rules have helped business take off.

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Terminal Consolidation Could Bring Sea Change

PORTS: Shipping line mergers are changing cargo movement locally, abroad.

Shipping line mergers are having ripple effects at L.A.’s twin ports.

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Investment Powers Up Maker of In-Body Batteries

FrontEdge Technology pulls in $2.7 million for razor-thin product for medical devices.

FrontEdge Technology Inc. raised $2.7 million from a couple of undisclosed investors last month to further develop a razor-thin battery for in-body medical devices.

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Santa Monica Looks to Scale Development Policy

Business groups fear city’s plan for affordable housing could price out projects.

Along-contentious battle over development of Santa Monica’s downtown is expected to come to a head this week as the City Council is set to consider a long-term development plan for the area.

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Calendar

Calendar of Events

Conventions

Upcoming Conventions

Developer Sees Room to Move West on Wilshire

$83 million multifamily sale highlights potential between downtown, MacArthur Park.

Sonny Astani sees some potential for another project on the stretch of Wilshire Boulevard between downtown and MacArthur Park after a recent $83 million sale of the 218-unit WilshireValencia apartments.

Community Should Claim Win on Newhall Ranch

Critics may still raise hackles, but Newhall Ranch approval should be viewed as a win.

Another Sort of Infrastructure Needed on Homeless

Successful investment must go beyond housing to the nonprofits who support those in need, writes Joel John Roberts.

Minimum-Wage Hikes May Max Out BIDs

NONPROFIT: Districts mull fee increases, service cuts.

Business improvement districts work to resolve rising labor costs from minimum-wage hikes.

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Donors Cover Bill for Games

SPORTS: Run at Olympics has rung up $16 million tab.

Los Angeles appears likely to bring home the gold, silver and bronze of the 2028 Summer Games.

Hacker Attacks Spur Fear, Sales

INTERNET: Ransomware has cybersecurity firms in demand.

Spike in ransomware attacks has orders clicking at cyberdefense providers.

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