Los Angeles Business Journal

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Downtown Renaissance Coming In on the Money

ECONOMY: Area boosters tout bright financial picture beyond pricey real estate.

Downtown L.A.’s renaissance has spread well beyond residents moving into high-price apartments and is now boosting the entire economy.

City Mulls Rules for Bidders Looking to Land Park

DEVELOPMENT: Plans for Angels Knoll expected to lean toward mixed use.

City officials are preparing to decide the fate of Angels Knoll – a small, hillside park along Olive Avenue in Bunker Hill that was made famous in the film “(500) Days of Summer.”

Sign on Building Points to Bigger USC Presence

REAL ESTATE: University adds name to property in lease deal for more space.

If you’ve driven by the 32-story office tower at Olive and 12th streets in downtown L.A.’s South Park neighborhood in the last week or two, you might have noticed there’s a new sign at the top.

Rival Design Firms Circle Pershing Square Makeover

DEVELOPMENT: Proposed projects all would remove walls to invite in public.

Pershing Square’s lousy reputation as an ugly concrete park is about to change. Ten design firms are vying to do a major facelift on the plaza, last remodeled 20 years ago.

Business Group Pitches Plan to Assist Homeless

Central City Association, which represents property owners and businesses in downtown Los Angeles, has put forth its recommendations on what needs to be done to address homelessness, especially around Skid Row.

Will Billionaire Bag L.A. Times?

MEDIA: Some deep-pocketed big names floated as buyers.

Wealth of interest among billionaires in buying the Los Angeles Times was revealed after the paper fired its CEO-publisher.

Price-Gouging Talk Leaves Sector’s Stocks in Hole

BIOTECH: Drug maker Puma among casualties of public uproar over pricing.

Democratic presidential hopeful Hillary Clinton’s price-gouging allegation leads to vote of no confidence in sector.

Tribune Publishing Analyst Rips Company, Recommends Sale

A local Tribune Publishing Co. analyst blasted the newspaper conglomerate in a memo today, saying it bungled the firing of L.A. Times chief executive and publisher Austin Beutner and called on the company to sell itself to Warren Buffett’s Berkshire Hathaway Inc. before its valuation dips any lower.

Soon-Shiong Interested in Buying L.A. Times

Dr. Patrick Soon-Shiong, the wealthiest person in Los Angeles, is considering making an offer to buy the Los Angeles Times, according to a source familiar with the situation who declined to speak on the record.

Multiple Bidders May Emerge for L.A. Times

In the wake of Austin Beutner’s firing from the L.A. Times and reports that billionaire Eli Broad could reignite his interest in acquiring the beleaguered paper, there are now rumblings that others could be interested as well.

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