Stories by Jerry
Tight housing supply appears to keep market stocked with credit-worthy borrowers
Home prices up, delinquencies and foreclosures down, in L.A. County’s housing market.
Word on the street around L.A. Live says AEG is ready for more than one night in Bangkok – stay tuned on that one …
A member of the fourth-generation of the family that owns Canter’s Deli has raised $9.5 million in a series A round for a software system that was developed to manage to-go orders and deliveries at the famous Fairfax district eatery and now is marketed to other restaurants.
It takes a village to get a grip on fashion these days,
Last week’s word of China-based insurer Anbang’s pending sale of a group of luxury hotels led to a round-robin among some well-informed industry watchers who speculated that the Montage Beverly Hills could change hands in a separate deal.
The recent ruckus over a homeless shelter in Koreatown got loud enough amid the summer heat to mute rumblings of a possible deal between Bank of Hope and Hanmi Bank, which would amount to a whole new era for the neighborhood and the Korean-American community in general.
Don’t be surprised to see an influx of Sun Devils around downtown – and this has nothing to do with the long, hot summer that’s baking the City of Angels.
I already have some updates to our annual LA500, the centerpiece of this week’s issue
No shortage of places big and small where art and business intersect around L.A., including Mama Lion Supper Club, a Koreatown hookah lounge that serves up food, drink and the occasional celebrity in the making at 6th & Western.
Word along the Miracle Mile has the Callender’s Grill on the 5700 block of Wilshire Boulevard – right across the street from the La Brea Tar Pits – shutting down as part of a plan to add a residential high-rise to the adjacent SAG-AFTRA building owned by J.H. Snyder Co.
Have you taken a stand on the app-based, pay-by-the-mile electric scooters that seem to be scattered about the city in greater numbers every time you look around?
Controller calls for new drill, extraction tax on oil, gas rigs in city
L.A. City Controller releases review of oil and gas wells in Los Angeles.
It wasn’t quite déjà vu, but downtown’s most civic-minded investment banker hit upon something close as he enjoyed some octopus on the edge – a plate of the stuff served up to Lloyd Greif at a window-side table at 71Above in the U.S. Bank Tower on 5th Street.
Our annual list of the largest women-owned businesses is always especially interesting.
A little extra to go with our front-page piece on the financial shape of the L.A. Times and other California publications now in the hands of Patrick Soon-Shiong …
It’s clear – even amid increasing chatter that the current cycle might be near peak – that L.A. has risen to a new level in these post-recession years.
California often zigs when the rest of the country zags, and Los Angeles has long been the chief locus of the instinct – perhaps never more than these days when it comes to China.
President, Co-founder, Milken Foundation
Michael Milken was a disruptor long before the Digital Age.
Moderate gain over course of unpredictable year; Soon-Shiong still tops
The members of the 2018 Wealthiest Angelenos list combined for an increase in fortune despite a slight decline in their ranks, according to Business Journal estimates.
Affluent lift Los Angeles to new level in art world
Fine art and L.A.’s wealthiest are elevating L.A.’s reputation in the art world.
Our annual compendium of Wealthiest Angelenos and related coverage highlight this week’s Business Journal
Art and wealth crossed paths in a big way last week in New York, where the late Peggy and David Rockefeller’s collection had already set a world record at an auction by Christie’s that was ongoing as of press time.
Guests at the “Cocktails & Conversation” reception Aecom boss Mike Burke hosted during the Milken Institute Global Conference last week might have had to check twice at first glance.
There’s always plenty of talk about L.A.’s diversity – and there’s plenty of texture and nuance to the concept here, as Ed Roski and friends demonstrated when he was honored with the American Friends of Hebrew University’s Scopus Award on April 19.
Some particularly interesting pairs to draw to around Los Angeles these days, starting with Patrick Soon-Shiong and tronc Inc., current owner of the L.A. Times, Chicago Tribune, New York Daily News and other newspapers. Soon-Shiong plans to pay a reported $500 million to get the Times and related publications in California from Chicago-based tronc.
Nothing to report from Patrick Soon-Shiong’s presentation last week to the Breakfast Club
Expect an eventual boomerang effect as City of Hope plans a major move beyond its home campus in Duarte with a $200 million cancer center in the Orange County metropolis of Irvine.
A blend of local, national and global influences arrives with word on the street downtown, which has Korean Air Chairman Y.H. Cho planning a new restaurant in the Wilshire Grand, the new skyscraper that bears the carrier’s marque at 7th and Fig.
The lament that Los Angeles is no longer a corporate headquarters town has been a constant to varying degrees for nearly three decades, stretching back to Security Pacific’s sale to Bank of America Corp.
Business Hall of Fame 2018
Kevin Kim was an accountant and a lawyer before he got into banking.
The notion of “best practices” isn’t new to the community of business, and certainly shouldn’t be new to local government.
Looking for a break from the hammer and tong of partisan politics in the era of Trump? Check Howard Fine’s frontpage story on the call for a ticket tax on ferry and cruise ship passengers to and from Catalina.
Open Bank has filed for an IPO, a move that will take the bank from over-the-counter to Nasdaq listing.
I figured I might have missed on an item that ran in this space last October, speculating that President Donald Trump’s son-in-law Jared Kushner had an L.A. edition of his NYC-based Commercial Observer in the works.
Several ways to look at New York hedge funder Bill Ackman’s recent retreat from his Pershing Square Capital Management L.P.’s long and hostile run at downtown-based nutrition products marketer Herbalife.
Trend of increases holds up countywide, gains steam on periphery
Taking a look at the L.A. area’s highest- and lowest-rent neighborhoods.
It was a fascinating morning of good news-bad news propositions at the Los Angeles County Economic Development Corp.’s 2018 Economic Forecast at the Omni Hotel, which drew a crowd of 500 or so to Bunker Hill on the morning of Feb. 21.
Start in Century City, where Spuds Powell recently laid claim to the No. 1 spot on Barron’s national list of the “Top 100 Independent Wealth Advisors for 2017.”
Billionaire’s gritty instincts in line with ‘challenger’ brand
Team owner Steve Ballmer offers insights on the ambitions and operations of the Los Angeles Clippers.
Plenty of headlines and a number big enough to suggest that Patrick Soon-Shiong overpaid, based on recent comps in the market anyway.
This issue marks our inaugural list of largest philanthropic donations to L.A. institutions over the past year, and you’ll find coverage that starts on page 1, with a list of gifts of $1 million or more beginning on page 10
Give Maria Contreras-Sweet credit for her drive to bring several new perspectives that ought to resonate amid the ongoing criticisms of Hollywood, where 2016’s Oscars prompted a discussion about minority representation and 2017 brought accounts of sexual harassment and assaults that have roiled the entertainment industry and others.
Vendor program renders order from one-time chaos around subway station.
Street retail at MacArthur Park gets organized.
Anyone else notice that Stan Kroenke wore the same harvest wheat suit with crisp white shirt to his Rams’ playoff game that he rocked for the cover of our annual Book of Lists?
Beverly Hills pawn shop more like hedge fund of hard knocks
Beverly Hills pawn shop operates like a street-level hedge fund.
More coverage and photos next week to go with these notes on a scorecard from the year’s first tour of the construction site that will soon give birth to Stan Kroenke’s Palace on Prairie, aka the L.A. Stadium & Entertainment District, which eventually will host his Rams as well as the Chargers in Inglewood.
The Business Journal ended last year with a commentary that called for a new sense of dedication in three areas of civic life that intersect with our economy and community of business in fundamental ways: Housing, public safety, and homelessness.