Los Angeles Business Journal

LABJ WEEKLY EDITION

Tightening Santa Clarita Valley Market Sheds Lease Sweeteners

The Santa Clarita Valley commercial market continues to exhibit signs of stabilization, fueling increases in asking rates and decreases in concessions.

Tri-Cities Landlords Hike Asking Rents Despite Gaining Space

The Tri-Cities office market slowed a bit in the first quarter as tenants vacated space, but landlords remained bullish in the face of the setback.

Recovering Economy Helps Shore Up South Bay Office, Industrial

The South Bay industrial market had a robust first quarter, fed by continuing improvement in the general economy. As a result, rents increased in both the office and industrial markets.

Data Bank Calendar

Upcoming calendar of events

Data Bank Conventions

Upcoming local conventions

L.A. at Home With Branded Content

Erik Deutsch touts L.A.’s home field advantage in producing branded content.

Saving Up For Sneakers

Last week’s Business Journal featured an article on fashion sneakers that sell for more than $1,000. So the Business Journal asks: What’s the most you’ve spent on sneakers?

What’s the most you’ve spent on sneakers?

Trafficking in Congestion

One-way streets during rush hour could help reduce time drivers waste trapped in gridlock.

Ted Lux would like to see local leaders make some inroads into easing traffic.

State Should Roll Dice on Cash-Free Lottery Sales

James Morel sees cash-free sales of lottery tickets as a safe bet.

Gymnasium Muscles Into Kids’ Market

Cave CrossFit looks to make play with new program for children.

Cave CrossFit works out a plan for a new kids’ program.

Hitting Brakes to Go Forward

Vycon sets up kinetic energy storage system at subway station.

Vycon hopes its kinetic energy storage system gets on a roll from installation at a subway station.

Breezing by Age Milestone In L.A. County

Armstrong gardening business traces roots back to 1889.

Armstrong Garden Centers planted itself in Los Angeles way back in 1889.

Taking Pass on Politics

The death of Mickey Rooney last week got Michael Levine reminiscing.

Regional Report

News and notes from communities across Los Angeles County

J2 Global Inc., a Hollywood Internet services and media company, has acquired Critical Software Ltd., a Staffordshire, England, email security and management company operating under the brand name iCriticalTM.

Fruit Bar Makers Launch Cold War

FOOD: Duo says rival ice-cream distributor is freezing them out.

Fruit bar makers claim new rival is using its powerful ice-cream distribution network to freeze them out.

Dodgers Still Not Reaching Base

TV: Carriers say high price of channel will lose customers.

Time Warner Cable may have dropped the ball in its plan for other carriers to pick up its new Dodgers channel.

Shoemaker Pairs Well With Luxury

FOOTWEAR: Collector steps it up as $1,000 sneaker designer.

Former Wall Street exec has proved a high-end shoo-in as the maker of $1,000-plus sneakers.

Tease photo

In the Dumps

City zones may bury waste haulers

Waste haulers fear getting dumped by city of L.A.’s new franchise zone plan.

Risk, Returns

Banking: Low-profile First Credit rides bridge financing to become L.A.’s most profitable lender for three years running.

First Credit has crossed over into elite territory with its high returns from bridge financing.

Disappointed by Test Results, Investors Flee Puma

BIOTECH: Sector selloff also a factor as shares of cancer drug maker plunge.

Puma shares take a drubbing as investors are spooked by test results and a sector sell-off.

Bean Counter Looks to Grow Beyond Show Biz

ACCOUNTING: Nigro Karlin hopes to add sectors with its extra personal services.

Nigro Karlin looks to add more non-show business clients to its beyond-bean-counting personal service.

Steel Firm Faces Insurance Meltdown Over Lawsuit

METALS: National Fire says it shouldn’t have to cover Reliance’s antitrust damages.

Insurer refuses to cover damages against Reliance Steel for meddling with Houston competitor.

E-Commerce Site Sold on Future in Tech Incubation

INTERNET: Clearance.co in reverse merger with Miami shell company.

Executives’ connection leads to e-commerce site Clearance.co’s union with Development Capital Group.

Document Finder’s Not Looking Good on Paper

PUBLISHING: Investors shed Research Solutions over plan for reverse stock split.

Document-finding company Research Solutions at a loss with investors after planning a reverse stock split.

Duo Looks to Lock In New Cold-Storage Facility

FOOD: $75 million venture aims to handle imports, exports through Long Beach.

Construction of a $75 million, 250,000-square-foot cold-storage facility in Long Beach began last month.

Digital Media Arm Thinks It Has Virtual Match

EMPLOYMENT: Manatt division brings in 18-year industry vet Eunice Shin.

Manatt Digital Media has hired Eunice Shin to head its business consulting services, capping off nearly a year of growth for the new investment and consulting arm of West L.A. law firm Manatt Phelps & Phillips.