Stories by Howard
Twenty-eight percent of Los Angeles-area professional office workers have quit a job at some point in their lives because of long commutes, according to a survey released Sept. 25 from San Francisco-based professional staffing firm Robert Half International.
Gov. Jerry Brown on Sept. 21 signed a bill granting shareholders of Southern California Edison and the state’s two other investor-owned utilities some relief from potentially billions of dollars in future wildfire damage claims.
L.A. County’s unemployment rate held steady at 4.5 percent in August for the third straight month, even as the county recorded sizable job gains, according to state figures released Sept. 21.
Crenshaw-LAX line nears completion, will add 8.5 miles to local rail network
What will the 8.5-mile Crenshaw-LAX line look like when done?
Measure prohibits restaurants from automatically providing plastic straws
Gov. Jerry Brown on Sept. 20 signed a bill prohibiting dine-in restaurants from automatically providing single-use plastic straws to customers; as of Jan. 1, straws can only be provided upon request.
Pasadena engineering firm Tetra Tech Inc. announced Sept. 18 that the U.S. Agency for International Development has awarded the company a $21 million, five-year contract to provide sustainability management and biodiversity conservation services in Cambodia.
Gov. Jerry Brown on Sept. 17 signed a bill to decriminalize sidewalk vending and give cities the right to set up permit systems for street vendors.
American Airlines plans to take off soon with a $1.6 billion renovation of two LAX terminals.
A bipartisan effort by two Southern California lawmakers has led to the creation of the California Aerospace Caucus in Congress
Two Southern California lawmakers on Sept. 12 announced the creation of the California Aerospace Caucus in Congress to promote legislation that supports the region’s aerospace industry.
The Los Angeles Board of Airport Commissioners on Sept. 6 green lighted Los Angeles World Airports’ staff to negotiate a contract with a consortium to design, build and operate the $1 billion consolidated car rental facility near Los Angeles International Airport.
L.A. scores high marks in latest survey on cleantech adoption, productivity rates
How L.A. County fares in the clean energy and cleantech industries.
Staples Center to house sports, entertainment business school classes
Pepperdine University’s partnership with Staples Center owner AEG puts new entertainment, sports and media management courses in the center of the action.
EDUCATION: Business schools respond to market
How M.B.A.s have spawned a new batch of business-focused M.S. programs.
Century City private equity firm Ares Management announced Sept. 6 that its power and infrastructure fund Ares EIF has closed on the acquisition of the assets of Irving, Texas-based oil and gas company Paradigm Energy Partners from an affiliate of Stonepeak Infrastructure Partners of New York.
Shares of Los Angeles water project developer Cadiz Inc. shot up 19 percent on Sept. 4 after a bill to slow its desert water project died in the Legislature during the final hours of the session on Aug. 31.
Everlert Inc., a West Hollywood private equity firm, announced Sept. 4 that it has taken a 40 percent stake in Baja Green Energy S.A., a Mexican developer of renewable energy generation and storage projects.
LAUSD Chief Seeks Bigger Role for Community of Business
The newly appointed boss of Los Angeles Unified School District talks about the role the community of business can – and, he emphasizes, should – play in the lives of local schools and student
FINANCE: Qualifying measure would delay effects
Bail-bond companies want referendum on new pretrial bail ban.
Compton College on Aug. 29 cleared its final hurdle to emerge from trustee oversight as California Community Colleges Chancellor Eloy Ortiz Oakley signed an executive order certifying the college will regain full autonomy next June.
Former Los Angeles Mayor Antonio Villaraigosa has joined the board of MedMen Enterprises, the Culver City cannabis company announced early Aug. 29.
Thirty nine percent of Los Angeles area professional workers believe they are underpaid, below the national average of 46 percent, according to a survey from Menlo Park staffing firm Robert Half International.
Passenger traffic at Los Angeles International Airport rose 3.2 percent in July compared to last year and was up 4.8 percent for the seven months of this year, according to figures released Aug. 28 by airport officials.
ECONOMY: Cal State-L. A., UCLA make big additions
L.A. County’s largest public and private employers see modest gains.
Finnair was set to announce on Aug. 21 that it will offer the first nonstop flight service from Los Angeles International Airport to Helsinki, Finland starting on March 31.
The effort by Southern California Edison and the state’s two other investor-owned utilities to reduce billions of dollars in potential liabilities from wildfires died in the Legislature on Aug. 18, according to news reports quoting the key lawmakers involved.
Gov. Jerry Brown on Aug. 17 appointed Patricia Roski to the board of the California Science Center, among other local appointments. Roski is the daughter of Ed Roski, no. 9 on the Los Angeles Business Journal’s list of Wealthiest Angelenos with $5.3 billion.
Numbers reflect seasonal job losses in education
L.A. County’s unemployment rate held steady at 4.5 percent in July even as seasonal job losses gripped the education sector, according to state figures released Aug. 17.
ENERGY: Feds give key OK; license hurdle ahead
Eagle Crest Energy’s business model depends on whether it can build a hydropower energy storage plant near Joshua Tree National Park.
The Los Angeles Board of Airport Commissioners on Aug. 16 approved lease agreements of up to 25 years with seven major car rental companies operating near Los Angeles International Airport to move into a consolidated car rental facility east of the airport when it is slated to open in 2023.
Billionaire Elon Musk’s Boring Co. on Aug. 15 released a proposal to build a 3.6-mile-long tunnel between Dodger Stadium and one of three nearby subway stations and run high-speed pods that could whisk passengers to or from the stadium in four minutes.
Utilities: Flat fee on renewables key to model
Inspire Energy Holdings hopes to grow its urenewable energy procurement company with a unique, but risky, business model.
PHILANTHROPY: 9.6% hike outpaces national rate
What the corporate philanthropy climate looked like in 2017.
College will pay down debt, improve facilities
A $103 million bond sale helps the Art Center College of Design expand.
Century City engineering and construction firm Aecom on Aug. 9 announced the repurchase of $150 million worth of shares, the initial action under a $1 billion share repurchase authorization from the board last September.
The Art Center College of Design announced on Aug. 7 that it completed the sale of $103 million in bonds, of which $42 million will fund the renovation of facilities on its two Pasadena campuses.
Max Nikias on Aug. 7 stepped down as president of USC and the board of trustees named one of its own, Wanda Austin, as interim president pending a nationwide search, board chair Rick Caruso announced in a letter to USC students, faculty and staff following an afternoon board meeting.
The Los Angeles Dodgers announced Aug. 1 that the club’s venture arm has invested in a new youth sports training company co-founded by former Dodger Nomar Garciaparra.
Gov. Jerry Brown on Aug. 6 appointed Pasadena redevelopment consultant Cecilia Estolano to the University of California Board of Regents.
Billionaire farm and food magnates Lynda and Stewart Resnick have donated an additional $2.4 million to the UCLA School of Law for research and educational resources at their Resnick Center for Food Law and Policy, UCLA officials announced Aug. 1.
6.6% gain puts county total at $1.57 trillion
City of Industry leads L.A. County in assessed property value gains.
Union Station-to-Dodger Stadium cable car would cut across L.A.’s skyline.
A gondola could be on the horizon for Dodger fans attending games at the stadium.
The Federal Aviation Administration on Aug. 1 and Aug. 2 announced grants for infrastructure improvements at two local airports, Los Angeles International Airport and Ontario International Airport.
Los Angeles Mayor Eric Garcetti on Aug. 1 nominated prominent attorney, lobbyist and businesswoman Cynthia McClain-Hill to the board of Water and Power Commissioners.
Downtown’s Fashion Institute of Design & Merchandising announced July 31 it has named red carpet designers Nick Verreos and David Paul as new co-chairs of the school’s fashion design program.
A local real estate executive has led a $25 million donation to UCLA’s humanities division, with $20 million going to the university’s philosophy department, UCLA officials announced July 30.
In another sign of L.A.’s continuing real estate boom, the total assessed value of real estate in Los Angeles County rose 6.6 percent this year to a record $1.57 trillion, according to an announcement late on July 27 from Los Angeles County Assessor Jeffrey Prang.
UTILITIES: Bonds on watch as state considers liability
Edison International investors aim to protect their equity.
ECONOMY: 1st uptick in Lowe Institute’s L.A. index
Consumer confidence turns negative.
Passenger traffic at Los Angeles International Airport rose 3.7 percent in June compared to last year and was up 5.1 percent for the first half of this year, according to figures released July 26 by airport officials.