Los Angeles Business Journal

Lawsuit Challenges Constitutionality of L.A’s Housing Measure JJJ

Measure JJJ, the affordable housing measure approved by nearly two-thirds of Los Angeles city voters last November, is unconstitutional because its local hiring provision discriminates against out-of-state competitors, a federal lawsuit filed last week and made public this week claims.

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LAX Announces Massive Airline Relocations in May

Los Angeles International Airport officials on Tuesday announced a massive airline relocation plan for May involving 21 airlines moving to different terminals or to different locations within terminals.

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Business Groups Aim to Take Down ‘Job Killers’

POLITICS: One targeted bill looks to protect some state standards from federal shifts.

Business groups see “job killers” lurking in Sacramento.

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Delta to Lead 24 Airline Relocations to New Terminals at LAX

Up, Running

In May, 24 Airlines will do some traveling at LAX as they shift to new terminals across four nights.

Voters Get Behind L.A. Development

WWhile restrictive Measure S goes down to defeat, weed regulation, aid for homeless move forward.

Voters elect to reject anti-development Measure S while backing pot regulation and homeless aid.

Anti-Development Measure Trounced at Polls; Sales Tax Increase for Homeless Services Appears to Squeak By

Measure S, the measure that would have restricted major developments in the city of Los Angeles, was overwhelmingly defeated at the polls on Tuesday, prompting a sigh of relief from business groups, developers and affordable housing advocates.

Southland Air Regulators Approve Tougher Emission Rules

Local air quality regulators on Friday adopted a sweeping air emission reduction plan that cracks down on industrial polluters, especially local oil refineries. In a separate action, the regulators also enacted a new rule to limit emissions from metal finishing plants, which until now have been mostly exempt from regulation.

L.A. County Unemployment Rate Dips Back Below 5 Percent

L.A. County’s unemployment rate dipped back below 5 percent in January despite the usual seasonal loss in payroll jobs, according to state figures released Friday.

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Business Groups Draw Line Against Linkage Fees

DEVELOPMENT: Critics of mayor of L.A.’s proposal say cost hikes would kill projects.

Local business groups are lining up against Los Angeles Mayor Eric Garcetti’s proposed development linkage fees, saying they are too high and would discourage projects.

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Trucking Firms Fear Hiked Fuel Taxes Will be Steered From Road Repairs

Driving Issue

Trucking businesses back fuel tax hikes but worry the money will be steered away from road repairs.

Report: L.A. Income Inequality Seventh-Highest in Nation

Los Angeles County ranks seventh in income inequality out of the nation’s 150 largest metro regions, according to a new report.

DTLA’s Angels Flight Railway to Reopen by Labor Day

The historic but troubled Angels Flight railway in DTLA will reopen to the public by Labor Day, Los Angeles Mayor Eric Garcetti announced Wednesday.

Officials Break Ground on $1.6 Billion LAX International Terminal

Los Angeles Mayor Eric Garcetti and airport officials broke ground Monday on a new $1.6 billion international terminal at the Los Angeles International Airport.

Business Fails to Outraise S Supporters

Measure for Measure, Voters Face Key Policy Decisions

Restrictive Measure S heads to a photo finish on Election Day as the fundraising race remains even.

Homeless Aid Calls for Hike in County’s Sales Tax

Homeless-helping initiative to hike the sales tax could cost L.A. County retailers.

Los Angeles Paces Field in Congestion

Report rates region as worst in terms of traffic, resulting in total loss of $9.6 billion annually.

Los Angeles tops a traffic report as the most-gridlocked urban area in the world.

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Breitburn Files for Extension on Reorganization; Judge to Rule on Bonus Pay

ENERGY: Busted Firm Seeks Break

Bankrupt Breitburn requests more time to file its reorganization plan.

Gov. Brown Comes Out Against Measure S

Gov. Jerry Brown on Thursday formally announced his opposition to Measure S, the anti-development initiative on the March 7 Los Angeles city ballot.

LAEDC Raises More than $1 Million for New Initiative to Attract High-Paying Jobs

The Los Angeles Economic Development Corp. announced Wednesday it has raised more than $1 million from major employers, universities, and civic organizations to fund a new initiative to bring more high-paying jobs to the county.

Forecast: Unemployment to Hold Steady in L.A. County as Job Growth Slows

L.A. County’s unemployment rate is expected to hover around 5 percent this year and next year as the job growth rate slows, according to a forecast issued Wednesday by the Los Angeles County Economic Development Corp.

L.A. Tops Congestion Ranking for U.S., Global Cities

The L.A. metro area has topped a list of the world’s most gridlocked cities, according to a report issued late Sunday.

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Trump’s Talk Makes It Tough to Sound Out Future

ECONOMY: LAEDC’s team of forecasters put to test by stream of pronouncements.

Los Angeles Economic Development Corp. forecasters try to figure in Donald Trump’s future impact. 4

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Will Air Plan Box In Cargo?

SHIPPING: Businesses fear proposal may curb truck trips

Cargo movers fear proposed air regulations could drive down the number of truck trips.

L.A. City Council Gives Final Approval to Decriminalize Street Vending

The Los Angeles City Council on Wednesday gave final approval to an ordinance decriminalizing street vending and laying out a compromise proposal for regulating vending within the city.

State Allocates $100 Million in Film Tax Credits to 22 Film Projects

The California Film Commission on Monday announced it was allocating another $100 million in film tax credits to 22 film productions, including a remake of “A Star Is Born,” and an untitled big-budget film from Paramount Pictures.

Federal Attention Buoys Stock of Aquifer Owner

WATER: Trump team puts Cadiz’s desert project on list of infrastructure investment.

Cadiz’s stock heats up as its desert aquifer project makes a federal infrastructure priority list.

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Plan to Shutter Santa Monica Airport has Businesses’ Fate Up in Air

Set for Take-Off?

Plan to close Santa Monica Airport has some businesses there looking to land a new home.

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Port of Long Beach Cargo Surged in January

Reversing a slide at the end of last year, cargo shipments at the Port of Long Beach rose sharply in January, up 6 percent from December and up 8 percent from a year ago, port officials reported Thursday.

Report: Immigrants to Los Angeles Provide Major Economic Boost

Immigrants to Los Angeles generate more than one-third of the county’s gross domestic product and account for more than half of the self-employed workers in the county, according to a new study released Wednesday.

Survey: L.A. Consumer Sentiment Plunged During 4th Quarter

Stung by the surprise election of Donald Trump as president, L.A. consumers turned bearish on the economy during the fourth quarter, sending a new consumer sentiment index plunging 12 percent from the previous quarter.

Contractor Will Ride Rail With $1.4 Billion Deal

TRANSIT: Joint venture of Tutor Perini will take Purple Line; Gold calendar laid out.

Metro digs Tutor Perini’s joint venture as the contractor for a $1.4 billion subway extension.

Conflict Builds Around Development Restrictions

REAL ESTATE: Opposition, support campaigns ramp up as vote on Measure S nears

With a month to go before Election Day, the rhetoric is heating up on both sides of the campaign over Measure S development restrictions.

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City of Los Angeles Clears Way for Street Vendors

GOVERNMENT: Council votes to legalize in response to Trump deportation talk

Fear of deportation crackdown spurs city of L.A.’s vote to legalize street vending.

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Big Cargo Move

Long Beach port hopes Middle Terminal stacks up with megaships.

Port of Long Beach expects big gains from its megaship-servicing Middle Terminal.

L.A. Region Leads Nation in Business Startups

The Los Angeles-Orange County region leads the nation in business startups, according to a report released Wednesday from the Economic Innovation Group.

L.A. City Council Decriminalizes Street Vending, Lays Groundwork for Regulating Vendors

After a years-long struggle for recognition, street vendors in Los Angeles won a major victory Tuesday as the City Council voted to decriminalize street vending and laid out a compromise proposal for regulating vending within the city.

L.A. Game for Olympics

SPORTS: City signs off on host contract that calls for coverage of cost overruns.

City of Los Angeles signs up for host duties in a bid to score the 2024 Olympics and Paralympics.

Airport Plans Up in Air?

AVIATION: JetBlue’s losing bid for international flights may mean Long Beach cuts.

JetBlue Airways fails to land clearance for international flights at Long Beach Airport.

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BID Assessment Hits Home for Venice Residents

DEVELOPMENT: Couple headed to court to fight fees on live-work property

Residents file suit to have their live-work property zoned out of Venice’s new BID.

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Hydropower Project Would Give Ground for OK

ENERGY: Eagle Crest’s land offer could improve desert venture’s prospects

Eagle Crest seeks to gain ground on its storage project by giving land to the National Park Service.

Tutor Perini Awarded Contract for Wilshire Subway Extension; Gold Line Extension Completion Pushed Back

A joint venture led by Sylmar-based Tutor Perini Corp. has been awarded a $1.4 billion contract by the Los Angeles County Metropolitan Transportation Authority to construct the second phase of the Metro Purple Line subway through Beverly Hills and into Century City.

Long Beach City Council Rejects Plan for International Flights at Long Beach Airport

The Long Beach City Council on Tuesday night rejected a plan for international flights at Long Beach Airport, throwing JetBlue Airways future flight plans for the airport into disarray.

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L.A. City Council Authorizes Signing of Host City Contract for 2024 Summer Olympics

The Los Angeles City Council Wednesday voted unanimously to authorize the signing of the host city contract with the International Olympic Committee should the city win the bidding to host the 2024 Summer Olympic and Paralympic Games.

Southern California Edison Seeks $570 Million For Electric Vehicle Programs

Southern California Edison is seeking $570 million from ratepayers to fund electric vehicle charging stations and other electric transportation services, it announced Monday.

Southern California Edison Seeks $570 Million For Electric Vehicle Programs

Southern California Edison is seeking $570 million from ratepayers to fund electric vehicle charging stations and other electric transportation services, it announced Monday.

L.A. County Unemployment Rate Drops to 5 Percent

L.A. County’s unemployment rate dipped to 5 percent in December amid modest job growth, state figures released Friday show.

Paramount Metal Plating Firm Suspends Operations to Comply with Air Agency Order

Paramount metal finishing company Aerocraft Heat Treating Co., Inc., has temporarily shut down all operations emitting the toxic compound hexavalent chromium to comply with an administrative order designed to protect public health, the South Coast Air Quality Management District announced late Thursday.

Hike in Federal Employment Insurance Arrives

TAXES: Companies must shell out as much as $168 per worker this month.

California employers, hit by an increase in the minimum wage this month, have another cost hike to worry about: an increase of as much as $168 per employee in the annual federal unemployment insurance tax, a sum that’s due at the end of the month.

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Residential Developer Tips Cap to City’s Assist

GOVERNMENT: Financial support eased creation of affordable housing units.

Developer Dan Rosenfeld says city financing can open doors for affordable housing projects.

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Homeless Hurdles

Projects hoping to tap city bonds mull risk with Measure S looming

Homeless housing plans could get hung up on Measure S’ restrictions on development.

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