Los Angeles Business Journal

LABJ WEEKLY EDITION

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Investors Bottle Up Former Coca-Cola Building

acquisition: Duo plans office-retail renovation for downtown Los Angeles.

Commercial property sales are surging in downtown L.A.’s Arts District as more developers and investors see potential in the once heavily industrial area.

Time to Make Waves at Ports

Charles Crumpley pushes for a sea change in the way the ports are promoted and operated.

Changing Pasadena

The city of Pasadena has joined with developers to bring in a more eclectic selection of shops and restaurants to draw crowds. So the Business Journal asks:

Do you patronize Pasadena’s stores and restaurants?

Bracing for Disaster

Tenants in rent-controlled units should help building owners bear expense of retrofitting properties.

John R. Donaldson and Joshua Marrow want soft-story apartment tenants to help financially support quake retrofitting.

Program Homes In to Help Immigrant Workforce

Castuló de la Rocha and Jonathan Plutzik praise a program that works to get employees citizenship.

Turning Work Into Child’s Play

Bizainy kits make kids bosses of their own businesses.

Bizainy makes a play for young entrepreneurs with its line of business-launching kits.

Snack Maker Puts Accent On Exotic

Bridgepoint’s new Zouq line serves up South Asian flavors.

Bridgepoint looks to spice up the snack market with its new South Asian-influenced line.

Padding Mattress Sales

Spanish ads pull in Hispanic customers.

Sit n’ Sleep says it’s now freeeeeee in recovering economy to launch a Hispanic ad campaign.

Answer Just a Stone’s Throw Away

Daniel Singer is the 14-year-old creator of Backchat, an anonymous messaging application.

Regional Report

News and notes from communities across Los Angeles County

Fullscreen Inc., a Culver City-based YouTube network, has acquired ScrewAttack, a Dallas video game-focused media company.

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Brand Recognition

INVESTMENT: Incubator Imprint Venture Lab forgoes tech scene to find and power up apparel, appliance businesses.

The incubator Imprint Venture Lab eyes new brands in the hope of repeating its success with Knockaround Sunglasses.

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Healthy Votes of Approval for Inhalable Insulin

BIOTECH: MannKind stock rises after its device receives FDA panel’s OK.

Shares of MannKind climb after its inhalable insulin device receives FDA panel’s approval.

Sheer Appeal of Jobs Program Pulls in Hair Stylists

NON-PROFIT: LMG Studio offers makeovers to women after Chrysalis training.

Hair salon holds event to help women in workplace counseling program make the cut at job interviews.

Client Has ‘Poor’ Excuse to Dodge Legal Bills

LAW: Quinn Emanuel can’t put number on Elie Samaha’s worth.

Quinn Emanuel may be wondering why it repeatedly represented a client who didn’t pay his bills.

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Minding Stores

Pasadena taps eclectic lineup to pull in crowds

Pasadena looks to sell itself as a hip shopping and dining spot by courting quirky and high-end stores.

Oil Field Losing Ground to Foes

energy: Urban site may close despite corrections by AllenCo.

Oil field operator fears unfounded fracking allegations could force it to shutter the urban site.

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Rights Enforcer Deputizes ISPs in File-Sharing Fight

Rightscorp enlists Internet service providers to pull the plug on users of illegal TV- and movie-sharing sites.

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Security System Maker Risks Taking on Big Guys

MANUFACTURING: Smaller player Astrophysics aims to expands sales by 50 percent.

Astrophysics battles bigger rivals to lock down a piece of the security screening market.

News Maker Looks to Tell Its Stories in Silicon Beach

MEDIA: New York’s RNN opens L.A. outpost to land new media customers.

New York news producer looks to channel content to new media businesses.

Little Left for Lender After Sale of Loans, Deposits

ACQUISITION: Future of Wedbush Bank in question amid Grandpoint deal.

Wedbush Bank, a savings and loan owned by securities brokerage Wedbush Inc., is selling its loans and deposits to Grandpoint Bank.

L.A. Newspaper Group Could Be Heading for Sale

PUBLISHING: Lang parent Digital First reportedly looking to cut costs.

Is the Los Angeles News Group about to go on the market as part of its parent company’s sale?

New Eatery Aims to Jazz Up South Los Angeles

DINING: Chef Richard Petty to serve up Southern cuisine at legendary music venue.

Chef Richard Petty plans to bring a Southern-style dining experience to a South L.A. site once known as a venue for jazz legends Duke Ellington, Count Basie and Ella Fitzgerald.

News of the Week

Last week’s major news from labusinessjournal.com and other sources

The U.S. Senate confirmed Maria Contreras-Sweet, co-founder of Los Angeles community bank ProAmerica Bank, to head the Small Business Administration.

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