LABJ WEEKLY EDITION
Nobody loves a plot twist more than Angelenos, and here’s a doozy: After years of being overshadowed by its higher-profile neighbors, Westwood stole the spotlight in the third quarter.
The fundamentals of the Wilshire Corridor office market continued to improve, however slowly, in the third quarter.
Vacancy rates remain in a slide across San Fernando Valley, dropping to 13.3 percent in the third quarter and showing marked improvement from the nearly 15 percent rate recorded the previous year.
Thanks to more than 1 million square feet of product coming on line, the San Gabriel Valley’s industrial vacancy rate rose to 3.2 percent in the third quarter, up from 2.7 percent the prior quarter.
There’s a lot of wait-and-see going on in the Santa Clarita Valley.
Something unusual happened in the Tri-Cities office market last quarter.
Third-quarter numbers for South Bay’s office and industrial markets indicated promise in some areas and room for improvement in others as vacancy rates fluctuated and rents remained stagnant.
Matchmaker uses DNA tests to pair up daters
Dating: Matchmaker Julie Ferman looks to turn romance into a science by using DNA tests to pair people.
Oil: Hermosa Beach could hit gusher – or pay big breakup bill.
Oil: Rejection of drilling project could leave Hermosa Beach facing a big financial hole.
Investment: Founder says scrutiny a product of success.
Investment: Edward Wedbush dismisses the rise in legal and regulatory issues against his firm as a product of its success.
Technology: Accelerator offers early look at promising products.
Technology: Disney’s accelerator program offers startups a shot at a Hollywood ending.
RetroSpecs adds own line of pricey frames alongside restoration business.
Eyewear: Frame restorer RetroSpecs & Co. hopes customers like the look of its original collection.
Nestdrop hopes to generate buzz by adding medical pot to alcohol business.
Marijuana: Nestdrop thinks it’s high time for a medical pot delivery business.
At $64,000, it’s the most expensive shot of whiskey in the world.
News and notes from communities across Los Angeles County
Opened House: Auctioneer and appraiser Doyle New York has opened an office in Beverly Hills.
Internet: Ora TV looks to expand online network with shows built around Larry King and other celebrities.
Internet: Ora TV aims to expand its online network with stable of celebrity-anchored shows.
Health Care: Shares of Arrowhead tumble after human results disappoint.
Health Care: Investors check out of Arrowhead Research’s stock after disappointing hepatitis B tests.
Finance: Enverto envisions traditionally staid sector as ripe for app, investors.
Finance: Enverto banks on equipment leases with customers who have been spurned by other lenders.
Media: Arbol Publishing inks deal to produce version for growing Latino market.
Media: Playboy hops to the Latino market with a Spanish-language version of its flagship magazine.
Video Games: Demand for live events directs new business to NCompass.
Video Games: NCompass International works to help live e-sport competitions score a higher profile.
Retail & Restaurants: Face Haus bases low-cost treatment on model used by Drybar.
Luxurious facials last an hour, often have to be scheduled in advance and don’t come cheap. But one local company plans to change all that.
Media & Entertainment: SpiritClips ditches moniker for Feeln to highlight family films.
Santa Monica movie-streaming service Feeln has found its recent image overhaul to be good for business.
Last week’s major news from labusinessjournal.com and other sources
Employment: A forecast released by the Los Angeles County Economic Development Corp. predicted that Los Angeles will hit an employment peak in 2015, regaining jobs lost during the recession.
Calendar of Events
Investors responded positively during the week ended Oct. 8 after the Federal Reserve decided to wait for more economic data before deciding whether to raise interest rates.