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Carol Lawrence

Stories by Carol

FAT Brands Inc. Closes Acquisition of Hurricane Grill & Wings

Restaurant franchising company FAT Brands Inc. said it has closed on its $12.5 million acquisition of Hurricane Grill & Wings, bringing FAT Brands’ franchise count to more than 325 units globally.

8 over 80: Norman Lear

“The facts of my life, whatever I was doing the day I was doing, I enjoyed the most,”

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8 over 80: Milt Larsen

At 87 years old, Milt Larsen is still a magician at heart.

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Pasadena Campus Pegged at $250M

Coretrust Capital Partners plans upgrades

Downtown-based real estate investment firm Coretrust Capital Partners last week acquired the six-acre Corporate Center Pasadena, the largest office campus in the city, according to the company.

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13-Acre Fuller Campus in Pasadena Hits the Market

The 13-acre Fuller Theological Seminary in Pasadena is going on the market, according to its broker, CBRE Group Inc.

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Coretrust Capital Buys Six-Acre Office Campus in Pasadena for $250M

Downtown real estate investment firm Coretrust Capital Partners has purchased Pasadena’s largest office campus, the six-acre Corporate Center Pasadena, according to the company.

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Aecom Lands $3B U.S. Air Force Contract

Engineering firm Aecom in Century City announced a subsidiary has won a $3 billion federal contract to supply operation and maintenance services to the U.S. Air Force.

Health Care Special Report: Signs of Health

Los Angeles County’s health care sector is a vital part of our market’s quality of life as well as a crucial segment of our economy

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Laurels for Leaders: Aecom Boss Burke Highlights Class of Annual Honorees

Business Hall of Fame 2018

The Business Journal honors business leaders by category for 2018.

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Special Report: Banking & Finance

SPECIAL REPORT: Banking & Finance

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Warner Center Grows from Q East to Q West

APARTMENTS: Dual project will add nearly 600 units to neighborhood.

Two mixed-use luxury apartment complexes totaling nearly 700 units are rising in the Warner Center neighborhood of Woodland Hills.

Office of Light

Gelb moves from cramped quarters to custom space.

Gelb Group designs a custom space for its employees in Warner Center.

Harman in High Fidelity

REAL ESTATE: Repositioned retro audio plant attracts new tenants, including Facebook.

Former audio plant is fixed up for industrial, office and retail tenants.

Burbank Apartment Complex Sells for $59M

Cusumano Real Estate Group has sold a two-building apartment complex in Burbank for $59 million, according LA Commercial Agency/KW Commercial in Encino, which handled the deal.

Blackstone Acquires Burbank Shopping Center

New York City real estate investment firm Blackstone Group has grown its local portfolio with a recent purchase of a shopping center next to the Hollywood Burbank Airport.

Newhall Ranch Development on Amazon Site List

The massive, proposed Newhall Ranch development, which recently cleared two major hurdles to its materialization in northern L.A. County, is the Santa Clarita Valley site that made it into the regional pitch to Amazon.com Inc. as a possible second headquarters.

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Canyon Country Shopping Center Sells for $22.5 Million

Canyon Square Plaza in the Santa Clarita Valley has sold for $22.5 million, according to Cushman & Wakefield.

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Amazon Bid Leans North

INTERNET: Santa Clarita hopes to land e-tailer HQ.

Some local leaders have homed in on Santa Clarita Valley as the best candidate to score Amazon.com’s new HQ.

Newhall Ranch Developer Settles Environmental Suits for $25 Million

Newhall Ranch developer Five Point Holdings in Aliso Viejo and environmental and culture groups that had been locked in legal battles over the proposed Santa Clarita Valley project have settled, the parties announced Monday.

Dole Food Will Trim Staff As Firm Prepares for IPO

Dole announces job cuts as the company moves forward on plans to go public.

Blackstone Buys Burbank Media Office Portfolio for $1.7 Billion

New York City hedge fund giant Blackstone Group has bought a majority stake in several iconic buildings in Burbank’s Media District, according to the company.

Dole to Close Another California Berry Operation

Dole Food Co. Inc. in Westlake Village has announced another mass layoff relating to strawberries as the company continues to back out of its California berry operations.

Newhall Ranch Splashed

development: Foes cite water table in latest lawsuit.

Newhall Ranch opponents float a new lawsuit based on the drought’s impact on the water table.

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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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Massive Newhall Ranch Project Wins Approvals

Half of the massive Newhall Ranch development project sailed through approvals Tuesday at a public hearing by the Los Angeles County Board of Supervisors.

Kennedy-Wilson Acquires Glendale Office Buildings for $144 Million

Two Class A office buildings in Glendale have sold for $144 million, according to their buyer, real estate investment firm Kennedy-Wilson Holdings Inc.

Pasadena Business Center Sells for $67M

After its conversion to a creative office floorplan, the Pasadena Business Center has sold for about $67 million, nearly 85 percent more than what investors paid three years ago, according to commercial real estate brokers who negotiated the deal.

Designs on Growth

ENGINEERING: Parsons puts together new business plan based around standalone units in bid to boost revenue.

Parsons splits its business into five standalone units as part of a new blueprint for growth.

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Incubator’s Seaside Links Help Shore Up Clients

TECHNOLOGY: PortTech’s connections valued more than ability to land funding.

Client firms of PortTech Los Angeles hope to buoy their business with the incubator’s seaside connections.

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Dov Charney Back in Fashion?

CLOTHING: American Apparel bidder wants ex-CEO’s return.

Bidder has a recovery plan for American Apparel that includes bringing Dov Charney back into the fold.

Tech Service Gives Artists Line on Pirates

Muzit helps content makers recover money for illegal downloads.

Tech firm Muzit helps artists extract payment from fans who have purloined their property online.

WOW Air Flights on Sale for $99

For a $99 ticket price – including taxes – Iceland just got a lot closer.

Investors Offer to Buy American Apparel, Bring Back Dov Charney

Two investors aligned with Dov Charney have submitted a $300 million offer to buy American Apparel Inc.

Small Firms Could Get Line on High-Speed Rail

GOVERNMENT: Workshops aim to assist businesses in landing jobs with project.

Small businesses in the L.A. area can get on the fast track to revenue from the state’s high-speed rail project.

Dov Charney Makes Bid With Investors for American Apparel

Even in bankruptcy, American Apparel Inc. is still fraught with conflict. On Thursday, Dov Charney, ousted chief executive and founder of the downtown L.A. apparel maker and retailer, filed an objection to the company’s reorganization plan in a Delaware bankruptcy court.

Glendale Man Convicted of Stealing Trade Secrets

A Glendale electrical engineer and former employee of Pasadena’s Rogerson Kratos aircraft avionics company was found guilty in federal court Wednesday of 32 counts of economic espionage, according to the assistant U.S. attorney’s office.

Clothing Firm Forges Ties With Africa

American Apparel’s colorful T-shirts to aid Sierra Leone artisans.

American Apparel says its new philanthropic shirt line fits the company to a T.

Pollution Firm Cleans Up at Ports

TECHNOLOGY: Company rides wave of work from state rules.

Emissions-control rules for seafaring ships have buoyed business for Advanced Cleanup Technologies.

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Holiday Travelers Throng LAX in November

Passenger volume through Los Angeles International Airport climbed into the double digits in November as Thanksgiving traffic took off, according to numbers released Monday by officials with the Los Angeles World Airports.

Holiday Travelers Throng LAX in November

Passenger volume through Los Angeles International Airport climbed into the double digits in November as Thanksgiving traffic took off, according to numbers released Monday by officials with the Los Angeles World Airports.

Metro to close Gold Line service through Little Tokyo on Jan. 8

Los Angeles County Metropolitan Transportation Authority announced Tuesday service will stop on the Little Tokyo-Arts District Gold Line Station between Union Station and the Pico-Aliso Station starting Friday, Jan. 8 at 9 p.m., to allow for construction work expected to take three months to complete. The agency will provide free shuttle bus service in the interim.

Local Ports Receive $1.25 Billion From Federal Spending Bill

A chunk of the $1.15 trillion federal omnibus spending bill signed into law last week will help fund maintenance projects for U.S. seaports, including the ports of Los Angeles and Long Beach.

American Apparel to Close Original Store

Downtown L.A. apparel manufacturer and retailer American Apparel Inc. has confirmed it plans to close its store on Sunset Boulevard in Echo Park, which was the company’s first U.S. retail location when it opened 12 years ago.

Port of L.A. Will Welcome Enormous Anchor Tenant

SHIPPING: Craft biggest container vessel ever to travel to North America.

The Port of Los Angeles is getting a big Christmas present this year – the biggest container ship ever to visit a North American seaport.

Falling Oil Hits Related Sectors

ENERGY: Service firms suffer as client companies cut back.

Businesses that service oil and gas firms are seeing work and revenue dry up as their client companies cut back.

L.A. Port Has Positive November

After two months of drops in container cargo volume, November was a banner month for the Port of Los Angeles, officials with the port reported Wednesday.

American to Fly Nonstop to Jamaica

Just in time for holiday trips, American Airlines Group Inc. will debut nonstop service to Jamaica’s Sangster International Airport in Montego Bay from Los Angeles International Airport starting Friday.

Quick Rise, Sudden Fall

MANUFACTURING: Fuhu’s bankruptcy prompts bid from giant toymaker Mattel.

Rival Mattel makes play to buy Fuhu after a surprise bankruptcy filing by the kids’ tablet maker.

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Long Beach Port Has Busy November

A 6.6 percent jump in container cargo volume over the prior year made last month the second busiest November in the 100-plus year history of the Port of Long Beach, officials reported Thursday.

Fuhu Inc. Files for Bankruptcy Protection; Mattel Inc. to the Rescue

In just a year, El Segundo’s Fuhu Inc. has gone from the nation’s reported fastest growing company to one applying for Chapter 11 bankruptcy protection in advance of a possible sale for less than $10 million.

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