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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Licenser Turns to TV Vet to Channel Revenue

Genius Brands International enlists kids’ TV veteran to help produce more revenue.

Investor Circles Parking Places

REAL ESTATE: Stockdale sees sites as lots of money

Stockdale Capital Partners sees lots of investment opportunities in parking properties

Some Players Find Sponsorships Score Big

ADVERTISING: Tech tracks, values sightings.

Image-tracking software by GumGum aims to help clients picture the value of sponsorships.

Some Players Find Sponsorships Score Big

SPORTS: Tourney fits Tiger Woods to a tee.

Golfer Tiger Woods’ foundation has bagged the PGA Tour’s Riviera Country Club event.

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Beverly Hills Ready To Ride Robot Cars

City applies with federal government to open streets for autonomous vehicle testing.

Beverly Hills hopes to get on board with federal testing of autonomous vehicles

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Venture Takes Shot With Telemedicine

SnapMD investors check in with $8.5 million to help firm nurse video-streaming consultations.

Funding round gives a shot in the arm to SnapMD’s online doctor consultations.

PAGE 3: Trump Draws Pair

With Donald Trump’s inauguration days away, it was no surprise that Tom Barrack, tapped to lead the festivities, was in New York last week meeting with the president-elect.

Investor Claims Being Locked Out of Hotel Sale

HOSPITALITY: 4 Corners’ suit alleges self-dealing by hotelier Sam Nazarian.

Former investors in an SBE hotel claim they’ve been booked out of profits.

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Artists, Buyers Will Hang Together at Exhibition

ART: Annual fair positions some purchasers to frame acquisitions as investment

Exhibitors at the upcoming Art Los Angeles Contemporary picture a busy season.

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LAX Moves on $6 Billion Plan to Ease Transit In, Out of Airport

Getting Lift

LAX looks to get moving on transit improvements as the way is cleared for project bidding.

Inglewood Stadium Will Double Down on NFL

FOOTBALL: Rams will get roommate as San Diego’s Chargers opt to relocate.

Inglewood’s future stadium will tackle another team as the San Diego Chargers choose to relocate.

Creditors Look To Sink Sale of Terminal Stake

Creditors are making waves over the sale of Hanjin’s stake in the Port of Long Beach’s Pier T.

Tourists May Stick With Olympics, Paralympics

SPORTS: Study sees boost in spending from longer stays for twin 2024 events.

Economic study says 2024’s Olympics and Paralympics will have Los Angeles teeming with tourists.

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Jump in Mortgage Rates Hits Home With Hunters

REAL ESTATE: Prospect of continued rise has some buyers in rush to move in.

Some house hunters fear rising mortgage rates may lock them out of a dream home.

Musical Could Tune Up Los Angeles for Visitors

TOURISM: Officials cast filming locations for hit ‘La La Land’ as draw.

Local officials are framing the shooting locations of hit movie “La La Land” as star attractions.

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TV, Film Studio Scores Stake in E-Sports Squad

INTERNET: Investment by Lions Gate latest sign of sector’s growing power.

Another big L.A. player is diving into the digital world of e-sports, hoping to grab a piece of a market that is expected to grow to $1 billion as early as next year.

Venture Capital Funding Took Step Back in 2016

INVESTMENT: L.A.’s dip to $3.49 billion less severe than nationwide decline.

The flow of venture capital dollars into L.A.-area companies fell to $3.49 billion last year, off more than 16 percent from the year-earlier high of $4.17 billion, according to a report by Dow Jones Venture Source.

Veterinary Firm Corrals Sweet Payday in Sale to Mars

It appears this was the right tree to bark up.

Calendar

Calendar of Events

Conventions

Upcoming Conventions

Property Buyer Makes Inroads on Sunset Strip

ACQUISITION: Kilroy pays $210 million for group of retail, office buildings.

Kilroy Realty Corp. has plunged into the fray on the Sunset Strip with a multimillion-dollar acquisition: a 179,000-square-foot mixed-used development it bought for $210 million.

Adaptive Infrastructure

It’s about time infrastructure improvements got underway around LAX, but let’s be sure they anticipate future demands.

Working on Big Dreams

Government policies have helped city of Los Angeles stake out turf as supporter of entrepreneurs.

City of L.A. policies have helped jump-start startups, according to Nobel Chang.

Has Politics as Usual Been Trumped?

Michael Levine endorses President-elect Donald Trump’s business-minded approach.

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Pot Consultant Builds on Buzz

Glendale cannabis consultancy Siva Enterprises has seen business light up after passage of Proposition 64.

Banks Bonding With New Year

Bankers are investing in expansion in expectation of a strong year of growth.