Stories for July 1999
Tuesday, July 27
They make you think that the faster you trade, the more money you'll make. "The slow die first," Fidelity Investments whispers in your ear. But frequent traders simply pay more money to their brokerage firms.
Monday, July 26
Motorists driving along Santa Monica Boulevard, just east of the San Diego (405) Freeway, pass by one of the longest-standing eyesores on the Westside. The structure sits unfinished and unoccupied, just as it has for the past 13 years, seemingly oblivious
What do you do when you've sunk several hundred million dollars into a housing project and then, a decade later, still have plenty of inventory to unload?
Quite a brouhaha has broken out among the nation's 35,000 certified financial planners, and leading the charge against a national licensing body is Nigel Taylor, president of the Los Angeles chapter of the Institute of Certified Financial Planners.
The Californians for Affordable Health Reform (CAHR) agrees with the assessment in your June 28 article "Lobbyists Wrangle Over Cost of Health Care Reforms" that the myriad health care bills currently making their way through the state Legislature could i
Just next door to the Port of Los Angeles, often touted as the gateway to Southern California trade, is a neighborhood in Wilmington that residents refer to simply as the "Third World."
Vacancy rates in the San Gabriel Valley's sprawling industrial real estate market fell in the second quarter as tenant demand continued to outpace supply.
The abundance of platitudes about the Internet can obscure the fact that some of them are actually half true.
Built during the boom years of the 1980s, 1100 Wilshire Blvd. has become infamous for having stood virtually empty from day one.
Once the center of fashionable Los Angeles in the 1920s and '30s, Bullock's Wilshire has been given a new lease on life as the library of the Southwestern University School of Law.
Last week was birthday time at the Business Journal or specifically, at the Biltmore Hotel downtown, where around 500 people, including some of L.A.'s top politicians and business leaders, were on hand to celebrate the paper's 20th anniversary.
The South Bay office vacancy rate fell nearly 2 percent in the second quarter as the strong economy and the area's reputation as an affordable alternative to the Westside kept drawing new tenants.
Equilibrium is a word being used a lot to describe the industrial market in the Inland Empire these days, as supply and demand seem to have struck a healthy balance.
Hollywood is having its hottest summer ever, fueled by nearly $400 million from "Star Wars The Phantom Menace" and five other films that have blown past the coveted $100 million mark domestically.
Steve Johnson has returned to Forsythe Marcelli Johnson in Venice as president. He will focus on expanding the company's in-house studio, media planning and research capabilities. Johnson founded the company before his temporary retirement.
Vince Lopez just knew that his old furniture wouldn't fit the d & #233;cor of the Thousand Oaks home he had recently bought.
Valley secession has become a runaway train, moving increasingly on inertia driven by memory of past injustices and heading largely mindless of its final destination. In the end, the secessionists may create yet another unworkable mega-city, driven by con
Los Angeles just doesn't seem to like magazines about the city. But that doesn't prevent newcomers from trying to publish them here.
Michael Moreno remembers how just a decade ago, life on Colorado Boulevard just a mile east of teeming Old Pasadena came to a standstill after dark.
There were signs of life in the long-struggling Mid-Wilshire submarket during the second quarter and it's due to a lot of little deals that have driven vacancies down and rents up.
Glenn Sorgenstein started collecting coins in the 1960s when he was a child. His fascination with coins never ended, and since 1985 he's owned Wilshire Coin Exchange, one of the city's few coin-counting services. His company deals with individuals and ban
Hollywood kept coming back in the second quarter, with high-end office buildings posting solid leasing gains as more entertainment firms moved to the area.
Bob New could be the only person west of the Mississippi who still builds turntables.
A recent do-si-do in the City Council is expected to prolong the drama currently being played out in L.A. regarding whether cable companies offering high-speed Internet access must open up their networks to competitors.
Lacking the massive advertising arsenals of their wealthy and aggressive national counterparts, most small businesses need to optimize marketing opportunities whenever they can. That's why point-of-purchase advertising, also known as POP, takes on such ad
20 YEARS AGO THIS WEEK: Major aerospace companies scrambled to find engineers and other skilled workers in the midst of a boom fueled by huge orders for commercial aircraft Several thrifts continued to offer home mortgages at 11.25 percent while some exe
It looks so prosaic: a two-acre landscaped park with a gazebo, slide, seesaw, swings and a reflecting pool in the Miracle Mile neighborhood.
The high-profile CNN Building on Sunset Boulevard gives Meringoff Equities yet another prized possession in Hollywood.
Even in death, AMC Entertainment Inc. founder Stanley Durwood has us guessing. Will his voting stock, placed in trust, keep the big movie-theater company independent?
You probably think that your bank keeps mum about your financial affairs. Think again. It may be selling you down the river, in order to earn some extra money.
The post-impeachment Congress has finally decided that with the 2000 elections drawing ever closer, it would make sense to do something constructive. So for the past several weeks, lawmakers have been working on a massive tax cut bill that would deal with
Lance Rosenzweig learned that lesson firsthand a couple of years ago when he fruitlessly tried to correct his order from Amazon.com after normal business hours.
At 120 pages, it was the largest paper the Business Journal ever produced and with it, more words and pictures. It also marked the first time a glossy cover was ever used.
The San Fernando Valley's office market moved back into high gear during the second quarter, thanks to the availability of new space.
The Santa Clarita Valley's stagnant office market got a boost in the second quarter with the announcement that Princess Cruises will relocate its corporate headquarters to Valencia by spring 2001.
Financing a commercial real estate development is like building a house of cards: If one card falls, the deal collapses.
DreamWorks SKG dropped a bomb on the Westside real estate community earlier this month by opting to back out of its proposed $250 million studio campus at Playa Vista.
The ill-fitting, ill-designed and ill-named Los Angeles Mall on Main Street was built in 1970 to serve the workers in and around City Hall. But the partially submerged shopping center has suffered from declining patrons and revenue for some time.
The Southern California housing market had a record-breaking June when the median price of a resale home climbed to $204,000 in the six-county region.
In the wake of last week's plane crash off Martha's Vineyard that claimed the lives of John F. Kennedy Jr., his wife and his wife's sister, the Business Journal asks:
The industrial real estate market in the Mid-Cities area remains red hot, with vacancy rates dropping considerably even though 2 million square feet of newly built space has hit the market since the beginning of the year.
As a new millennium begins, new opportunities in the Asia-Pacific region will present themselves in a part of the world that contains half the world's population. Strategically located in the heart of that area is Hong Kong which has capitalized on its p
Sanwa Bank Plaza is considered one of the most prestigious addresses in town home to a mix of blue-chip law, real estate and finance firms.
Since opening in November 1998, the Commons at Calabasas Park Centre has bathed in critical and commercial acclaim as a model of what a shopping center should be.
With clients like Matt Lauer of NBC's "Today" show, Julie Moran of "Entertainment Tonight," Elizabeth Vargas of ABC News and Chuck Henry of KNBC, Ken Lindner is one of the top news agents on the West Coast.
After years of steady decline in both sales and earnings, jeans-maker Guess Inc. may be turning a corner.
The new 49,000-square-foot El Super supermarket on Parthenia Street in Panorama City looks a lot like a Costco, except the signs are in Spanish, and pig's butt or lamb's head aren't available at Costco.
Comedy writer Scott Rubin has been hired to help jump-start National Lampoon by running the entertainment firm's latest venture, NationalLampoon.com.
I am alarmed by recent television commercials by cable companies claiming that the government should take its hands off the Internet. The reality is that the Internet continues to flourish and enrich society because of the dynamic interaction between the
It doesn't necessarily look like a bad building at least from the outside. But the eight-story, glassy black building at 5757 Century Blvd. has a history of problems.
That means, among other things, knowing where the market is headed or at least knowing enough to make an educated guess. It requires developers to scrutinize both current market conditions and the larger economic picture.
Among the advanced nations, Japan is one of the largest markets in the world and the most important market for business expansion on a global level. Japan is a unique country. Although there are many reasons, the biggest reason for its uniqueness comes fr
A July 12 special report on medical specialists misstated the title of Dr. Loren G. Lipson. In fact, he is chief of the geriatrics division in the department of medicine at USC, which was launched in 1985. Also, Lipson graduated from Johns Hopkins Univers
The DreamWorks facility, an $85 million campus that opened in 1998, resembles an Italian villa dropped in the middle of a light industrial zone near the intersection of the Ventura and Golden State freeways.
L.A. has an awful lot of ugly buildings, but the question is whether those looks really matter when it comes to commercial viability.
Local government plays a make-or-break role in commercial development, and that goes a long way toward determining whether a project is bad or beautiful financially, functionally and even aesthetically.
It has posted net losses for the last three quarters. Its stock price has fallen 95 percent since 1996. The credit rating has been slashed. And it recently lost its chief executive.
As Michael Ovitz, Eli Broad and others working to bring pro football back to L.A. meet with NFL owners in Chicago this week, they will have achieved something that has been in short supply: progress.
Fire up your PCs and hold onto your wallets: The Great Internet Bribe-a-thon is kicking into high gear.
Imagine walking into a bar and seeing the usual baskets of toothpicks, breath mints, business cards and condoms.
A new breed of health plan that's covering hundreds of thousands of Californians is turning out to have an astronomically high fatality rate.
When American Honda Motor Co.'s Acura division shifted its $150 million ad account to a new agency last week, it was the biggest change in L.A. advertising this year and a huge victory for Santa Monica agency Rubin Postaer and Associates.
Tisno Onggara ruefully recalls the time three years ago when he had a chance to make an early-stage investment in Stamps.com, an L.A.-based company that allows users to download postage via the Internet.
Employees at DirecTV in El Segundo had better be on their best behavior when it comes to plant politics.
One of the big fears that people have of getting started in import/export is the idea that clearing customs is complicated and burdensome. Yet in ports of entry across the country, thousands of shipments sail through customs with little or no problem, and
On the road to getting approval for a new project, who you are can be as important as what you're proposing to build.
Monday, July 19
Jacoby & Meyers became one of the most famous law firms in the nation by advertising its cut-rate legal services on TV and earning a reputation as the Kmart of the legal profession.
Wall Street isn't the only area being buoyed by the Internet craze. For recruiters specializing in high-tech executives, it's a great time to be doing business.
If Sherry Lansing had listened to her mother, she would have settled down near her hometown of Chicago and raised children and that's very nearly what happened.
Even if you haven't tried them, you've probably heard about the profusion of services for booking travel arrangements online. New services let you investigate and book plane tickets, hotel rooms and rental cars through the Internet.
At one point, during his tenure as chairman and chief executive at Wickes Cos. Inc., Sanford Sigoloff coined the nickname Ming the Merciless for himself after the villain in the "Flash Gordon" serial he watched as a kid growing up in St. Louis.
Kip Hagopian seems like the last person who would make a jump into the movie business, which he himself admits is "not even a real business."
As the wife of a U.S. Navy anti-submarine expert, Rhonda Mollenkopf was accustomed to military life and moving every few years. But when her husband, Jay, was transferred to Norfolk, Va., Mollenkopf realized she was tired of constantly looking for a new j
Sneed is the new president of Magic Johnson Entertainment, the ex-Lakers star's 2-year-old production company. Sneed, who reports directly to Johnson, will spearhead independent film and TV projects.
The Women's World Cup soccer final on ABC was not only the most-watched soccer game in American TV history, it was the most-watched women's sporting event ever. Does this portend a boom in women's sports on television, or an increase in soccer's audience
He rode the upward wave of the '80s, developing more than 10 million square feet of industrial and office space in Los Angeles, mostly in the South Bay.
Between 1979 and 1990, the one-time hamburger flipper turned restaurant-chain czar watched his company Sizzler International Inc. (formerly Collins Foods International) become wildly successful. Then in just six years, the firm almost fell apart, eventual
While searching for real estate opportunities a few years back, Vicky Schiff went beyond the obvious.
It's mid-January 1983, and executives with Apple Computer tell Chiat/Day Advertising in Los Angeles that the groundbreaking commercial Chiat/Day has created to introduce the new Macintosh computer during the Super Bowl is just too risky.
I stand on very unusual ground as a car designer who believes there is no such thing as reading the future. I don't think we guess the future, we make it. The most powerful aspect of thinking about what might be coming is thinking about what we want to do
When planned and executed correctly, strategic partnerships can be invaluable. They are increasingly used to propel businesses to new horizons of profit-making and expansion.
Nolan Miller, once the highest-paid costume designer in Hollywood, will be the first to tell you his glory days are behind him.
Just as we are now living with the consequences of all the decisions that governments made 20 years ago, government decisions being made today will affect L.A. businesses and residents for much of the next century, let alone the next 20 years.
Not really, according to many local movie producers, commercial lenders and sound-stage owners. So why are the Playa Vista developers pursuing plans to build sound stages on the property that DreamWorks SKG decided to abandon earlier this month?
Staar Surgical Co. had been flying below Wall Street's radar screen for some time, but that changed in recent weeks when it announced and then rejected an anonymous buyout offer of $15 a share.
On a recent June evening, with family, friends and co-workers looking on, 69-year-old Young Paik walked on stage at the Century Plaza Hotel and received Ernst & Young's Entrepreneur of the Year award.
If someone asked 20 years ago what your life would be like today, what would you have said? Back then, some people predicted that robots would be packing our groceries and doing our laundry. Few anticipated the omnipresence of computers and cell phones. S
All of a sudden, Latinos are hot. We say that somewhat facetiously because all the elements behind this newfound recognition among media and political types have been around for years. In L.A., the Latino culture is truly a part of the city's heritage (ev
When Anastasia Soare was a young woman in communist Romania, the country had reached a low point. There was no electricity after 6 p.m., and by 1985, she remembers, "we waited in lines for endless hours just for bread." Soare bartered clothes for basic ne
Walking through his vineyard in Bel-Air, Thomas V. Jones explains that given the distance from the ocean and range of temperatures, the 16-acre site actually has a micro-climate and soil composition similar to the Bordeaux region of France.
While Yucaipa Cos. was formed in the mid-1980s, its roots stretch back a decade earlier, when Ronald Burkle began his career as a boxboy at a Stater Brothers grocery store. His father at the time was the regional chain's president. By 1981, Burkle, then 2
Fox Sports Net has signed an 11-year lease for a warehouse totaling 111,000 square feet on Alla Road in Marina del Rey, near Playa Vista. Sony Pictures Entertainment has been using the warehouse for furniture storage.
But their decision to back off last week in agreeing to a new three-year contract with longshoremen hardly settles the central issue that divides the two sides: How fast cargo can be loaded and unloaded.
Sure, Playboy Enterprises Inc. is based in Chicago, but the real power behind the throne remains firmly ensconced right here in Los Angeles, in the inimitable form of 73-year-old Hugh Hefner 70 percent shareholder and titular editor-in-chief of the comp
James N. Rosse has spent the past seven years making Freedom Communications less of a family-run business, but as he prepares to retire, he says keeping the business family-owned is fine by him.
During the past decade, Megatoys has become a textbook example of effective international trade.
Although Ashton-Tate was acquired and essentially dismantled in 1991, the Torrance-based company planted a critical seed for L.A.'s burgeoning technology industry. At its height, in fact, it was California's largest software company.
Never mind the reflections of commentators or futurists or TV talk-show hosts if you really want to see how things have changed in the last 20 years, look around your neighborhood shopping mall.
Pouring billions of dollars into a subway that would serve only a tiny fraction of Angelenos. Refusing to build schools in the inner city. Failing to move aggressively on renovating the Coliseum.
Mindy Weiss has been throwing parties for 17 years. She runs Party Consultants in Beverly Hills, which charges $10,000 and up for her coordinating and design services, depending on the site and events involved. She spoke to Jolie Gorchov about the busines
Miguel Contreras is the most powerful union leader in L.A., and a rising star on the national labor scene.
Restaurateur Michael McCarty says owning a fine restaurant is like directing theater.
After a long drought in the mid-'90s, commercial and industrial builders are making a comeback. In 1998, the dollar value of industrial construction projects in Los Angeles County increased 183 percent, and the value of commercial construction increased m
I stand on very unusual ground as a car designer who believes there is no such thing as reading the future. I don't think we guess the future, we make it. The most powerful aspect of thinking about what might be coming is thinking about what we want to do
The ways of doing business have changed dramatically over the past 20 years, but one thing has remained the same: Some companies survive, some don't.
John Severino knows a thing or two about running network TV stations. He did it successfully at ABC for 23 years, dominating the Los Angeles TV market in the '70s and '80s.
Bill Siart's career has taken him from chief executive of what once was the state's third-largest bank to education reformer.
For Angelenos watching television in the '80s, the commercials for the defunct consumer electronics chain Federated Group featuring the wild and wacky Fred Rated clearly stood out. Played by actor Shadoe Stevens, Fred smashed electronics equipment, spoofe
In the mid-'80s, its fluorescent-colored high-tops were the shoes that every teen-aged girl just had to have. But a decade after being the choice of, like, everyone, the Marina del Rey-based manufacturer filed for bankruptcy and reinvented itself as a lic
In 1967, Heber Jentzsch was singing in front of an unusually rowdy crowd in Las Vegas. In the middle of his set, a man stood up and began demanding very loudly that Jentzsch get off the stage and that the showgirls be brought in to replace him.
You can quit calling Kirk Kerkorian a recluse. The billionaire descended from Beverly Hills last week to attend the annual meeting of Metro-Goldwyn-Mayer Inc.
Your story on the Burbank Airport ("Forgotten Fact in Airport Fight: No Passenger Growth," June 28) missed one of its nicest and least known features. It is the only Southern California airport with an easy rail connection to downtown Los Angeles.
Harried and confused, a wayward passenger sped around the American Airlines terminal at Los Angeles International Airport last week searching in vain for the correct gate. Finally, he approached a counter and asked, "Where's gate 44A?"
In the 1970s, L.A.-based brokerage Bateman Eichler, Hill, Richards Inc. ranked as one of the nation's top-performing underwriters. By the early '80s, it operated 36 offices in the United States.
After decades of aggressive growth, the premier producer of children's films had grown into a sprawling entertainment behemoth. But its empire was foundering.
Tough deal maker, an entrepreneur, highly competitive Tight-fisted, brought lavish spending to a halt at Viacom's film arm, Paramount Pictures Empire builder who likes the limelight and doesn't want to give it up. "I am in control! Remember, I am in con
I was pleased when I first heard that Wal-Mart would move into the Baldwin Hills-Crenshaw Mall. Getting a Wal-Mart there seemed like one way to end the foot-dragging by Community Redevelopment Agency officials and corporate developers on the Crenshaw Revi
My mother was four months pregnant when she and my father loaded up their white Chevy Impala convertible and left Chicago for a new life on the West Coast. It was the middle of June 1963, and speeding across the American southwest on Route 66, they manage
When Lockheed Corp., one of L.A.'s largest employers since World War II, entered the latter half of the 1970s, it was in serious trouble.
First Interstate Bancorp's headquarters in downtown Los Angeles was the tallest, and arguably most beautiful, office tower west of the Rockies. But in May 1988, fire swept through the structure, killing a security guard and causing millions of dollars in
After just opening his public relations agency in 1979, Ron Rogers got a new client who had just acquired a candy factory.
Business Journal columnist discusses the twin images of Valhalla and dystopia that have characterized L.A. for the last 20 years and how a more mature image is starting to emerge.
As a young man, Joe Hicks was a gun-toting black nationalist who believed that armed struggle was the only way African Americans could seize any significant power in this country.
British-born Arthur Letts opened a tiny mart on Broadway and Fourth Street then the outskirts of Los Angeles that would evolve into the city's biggest and most enduring department-store chain.
The Los Angeles economy, possibly more so than any other regional economy in the nation, has been transformed over the past 20 years by specific events that triggered macro-level changes in the business community.
In the late '70s, the creation of Orion Pictures gave hope to independent filmmakers by backing edgy projects and signing superstar talent.
In "A Concert of Wills," a documentary about the building of the Getty Center in Brentwood, Harold Williams is present in almost every scene in which the Getty directors and the architect discuss the design and implementation of the mammoth, $1 billion pr
A major indicator of labor-market vitality the help-wanted index has fallen precipitously in Los Angeles, to less than half the national level.
The last 20 years have been momentous ones for Los Angeles, yet that's not really news. Los Angeles always has been a city of extremes, looming over the global scene in ways often larger than life and, all too often, out of whack with a more prosaic reali
Who are going to be the movers and shakers around town in 2019? It's a tricky prediction, to put it mildly. Companies fold, merge and move. People change industries, burn out or retire young. It may be the main deal makers currently wowing Los Angeles, or
Twenty years from now, Angelenos will own flying cars, live in domed communities with purified air, and be legally required to wear suntan lotion.
You know the story: In order to run off with her lover, wealthy-but-bored housewife Paola blackmails lonely girl Paulina into exchanging identities. Paulina just starts getting used to life as the wife of entrepreneur Carlos Daniel Bracho when Paola retur
If not for Dustin Hoffman, the outlook for Los Angeles magazine would be encouraging. After several years of financial losses and editorial musical chairs, the monthly has seen its circulation and advertising revenue rise for the past two years.
Those were some of California Pizza Kitchen's early miscues, but they have been the exception since the Beverly Hills-based restaurant chain opened its doors in 1985.
She came into the world in a Siberian labor camp in 1941, outside the town of Ossino. Her father and mother, both Poles and Jewish, were shipped to the camp when Russia and Nazi Germany sliced up their country in 1939. Polish Jews who were in the Nazi sec
Seven years ago, Daryl F. Gates spent much of his time defending the LAPD's handling of the riots.
Last year at this time, brokers and property managers looked out over the horizon of business parks in the West San Fernando Valley and thought that the sky was the limit.
Sandy Gooch's kitchen is just what you would expect from the woman who founded Mrs. Gooch's Natural Food Markets.
As managing director of Zone Ventures, Frank Creer has a birds-eye view of the local technology industry.
The company was reaping the benefits of its greatest triumph, the opening of the Alaska pipeline, in 1977. And customers were flocking to Arco's low-priced gas stations and buying snacks at its new AM/PM mini-markets.
The rise and fall of Columbia Savings & Loan Association stands out as an extraordinary tale of greed and mismanagement even by the standards of an out-of-control S & L; industry in the 1980s.
Monday, July 12
On a quiet side street in Hollywood, behind nondescript concrete walls, lie some of the most prized artifacts of Hollywood history.
Many kids dream of growing up to be a professional baseball player, but St. Louis Cardinals slugger and record-setting home-run hitter Mark McGwire grew up wanting to be a coroner like Thomas Noguchi.
There's been a bloodless coup at the L.A branch of the Association of Internet Professionals.
It's not particularly hard to find out who the top people are in a given specialty. Ask around about who's the top gastroenterologist or plastic surgeon, and chances are the same few names will pop up over and over again.
Kim Holbrook and Terry Weaver are crazy about their new 800-square-foot workspace on the fourth floor of the downtown Cooper Building.
California's public schools face one of their biggest challenges ever as a generation of teachers are retiring or leaving to raise their own families. The state mandate to reduce class size will create a need for an estimated 300,000 new teachers despera
OVERVIEW L.A. is a haven for the elite of the medical field, with many of the best specialists in the country calling the city home. 1
Another hotel is opening on Santa Monica's oceanfront skyline and it will be last one built for a while.
So you want to see a top medical specialist, but you're not a celebrity, you don't have $20,000 or so to pay for care, or your HMO doesn't contract with the hot shot you want to see?
There are few management decisions more critical to your company's success than who you hire. Choose wisely and your company reaps the benefits of strong leadership and greater productivity. Pick the wrong candidate, however, and you've cost yourself mor
Will credit unions become conduits for the e-shopping malls of the next millennium? If Adam Walker, founder and chairman of Burbank-based American Member Advantage Inc., has anything to do with it, they will.
The Los Angeles-headquartered Earth Communications Office (ECO) launched an international educational communications program earlier this year which urges businesses and individuals to "think more" and "use less" as consumers, both in the workplace and at
Cedars-Sinai Medical Center, UCLA Center for Health Sciences, UCLA-Harbor General Hospital
The young emergency-room doctor was recalling his days at Harvard Medical School and the distinguished physicians he followed on their rounds and in the operating room.
Since arriving at USC in 1980 following a nine-year stint at UCLA, Dr. Donald G. Skinner has helped restore a sense of dignity and comfort to patients who have had their bladders removed due to cancer.
When your specialty happens to be treating children with cancers of the blood, a good bedside manner is second only in importance to medical skill. Dr. Stuart E. Siegel is renowned for both.
emergency teaching credentials, one school -- National University, already a leader in online
Like most residents fresh out of medical school, Dr. Loren G. Lipson had no intention of practicing geriatric medicine. Not until middle age did the diabetes expert realize his calling and go back to school to study how to treat seniors.
Stop me if you've heard this one before. A wealthy financier buys a movie company, gets frustrated by its losses, and installs new deal-minded managers, who insist the company is not for sale. They even vow to produce a full slate of films.
The decision by DreamWorks SKG to pull out of the proposed Playa Vista development represents both a setback to Los Angeles and a powerful reminder of the changing dynamics of the entertainment and information industries. From the beginning, the proposed
The Internet makes it possible for even the smallest company to go global, reaching a marketplace that is literally without boundaries. Closer to home, a Web site can reinforce your marketing and communications campaign, provide new leads, improve custome
The Dodgers are last in their division. The Clippers won only nine of 50 games in their just-finished season. The Kings finished dead last in their division for three of the past four seasons. The Lakers, while not performing terribly, haven't won an NBA
The July 5 real estate column misstated the amount of space leased by Walt Disney Co. in North Hollywood. The studio renewed its lease for 60,000 square feet at the Academy building. In that same item, the name of Cushman Realty broker Michael Burlant was
More than a week has gone by since DreamWorks SKG decided to pull out of Playa Vista, and everybody seems to be in the mood to reassess things developers, elected officials and the three amigos themselves.
Twelve of L.A.'s largest public companies have been swept away by larger acquirers in the past year, according to the annual list of the 100 largest public companies in Los Angeles County. And soon, the acquisitions of Atlantic Richfield Co., Marshall Ind
Until Dr. Alice Villalobos came along, a diagnosis of cancer was the equivalent of a death sentence for pets.
Dr. Randy Sherman thinks getting banged up while playing high school football was one of the best things that ever happened to him.
As part of his national tour to direct attention to impoverished U.S. communities, President Clinton visited inner-city Los Angeles late last week. Despite many promises, government-backed programs have yet to spur much economic growth in these neighborho
In a single year, Cedars-Sinai Medical Center sees more than 130,000 patients 60,000 of those emergency-room visits. The 24-acre campus is made up of eight main buildings, totaling more than 1.5 million square feet, which includes separate wings for out
Kaufman, director of the Comprehensive Childhood Diabetes Center at Childrens Hospital Los Angeles, also is one of the medical directors at Camp Chinook, a camp at Big Bear for juvenile diabetics.
"It's a small world after all" is not only one of Walt Disney's Most famous anthems, it's a real theme song in the business world. The boundaries between countries and continents are continuously disappearing. To be successful you need to became more awar
It might sound far-fetched to think that the proper mental attitude could help a person battle a life-threatening disease like cancer, but Dr. Fawzy I. Fawzy has done pioneering research showing there is indeed a connection.
She sits on the Coliseum Commission, which has been working to bring a new pro football team to the L.A. Memorial Coliseum. She's on the city of L.A. Recreation and Parks Commission. She's raising funds for Democratic political candidates.
Steven Cupingood was promoted to partner at Singer Lewak Greenbaum & Goldstein in Los Angeles. He will focus on corporate, partnership, individual, and non-profit tax entities, including tax aspects of mergers and acquisitions.
Administering anesthesia to patients going into surgery is a tremendously complex specialty. Determining optimum dosages, potential adverse reactions, chemical interactions and a host of other issues is fraught with danger.
What do Honda Motor Co., Giorgio Armani and the German consulate in Los Angeles have in common?
They say a little knowledge is a dangerous thing, and this may be especially true of desktop publishing.
Question: I own a small advertising firm. One of my associates had an idea to kick off an online advertising service for young and growing businesses. We would develop templates that companies could use for their advertising and direct marketing programs,
Cancer treatments have traditionally been a horrendous ordeal for patients, with chemotherapy and radiation treatments taking severe tolls. As chairman of the surgery division at City of Hope in Duarte, Dr. Lawrence Wagman is at the forefront of those hop
President Clinton's recent Medicare reform proposal, including a new prescription-drug benefit for beneficiaries, has received a wary response from congressional Republicans. The lessons learned from recent health care reform efforts justify their caution
A deal announced last week in Sherman Oaks may not be huge in and of itself, but it fits into a huge trend.
Greenblatt's Deli on Sunset Boulevard recently ran a newspaper ad warning that "The Real Y2K Problem is: Champagne Shortage Threatens the World."
In today's global-based economy, the logical way to stay on top of one's career is through education. The educated employee becomes adaptable to the ever-changing business climate. Possession of a college degree can make the difference; at worst, avoiding
At a recent convention for health care workers in Ft. Lauderdale, Fla., the conversation turned to a discussion of the nation's best doctors.
Faustina Nevarez knows she was lucky to be a healthy child. If not, it would have taken all day to get to the nearest hospital in the area of northern Mexico where she grew up.
TBWA Chiat/Day Inc., L.A.'s biggest ad agency, used to inhabit one of the most famous buildings in the advertising industry that famous binocular-shaped edifice in Venice, located in a bustling seaside neighborhood of sidewalk cafes, hip boutiques and f
The California State University, Northridge College of Extended Learning (ExL) enrolls more than 20,000 students each year. ExL's distinctive approach to its educational mission has enabled it to extend the University's resources in scholarship and teac
Like seemingly everything else, locks have gone digital. But you still have to call a locksmith if you get locked out of your digital home security system or voice-activated Mercedes Benz. Steve Speyer owns Bell Lock and Key as well as Abco Lock and Alarm
The same generation that idealized the cross-country ramblings of Jack Kerouac is ready to get lost in America again. Only this time, instead of hitting the highway on a Harley or in a '57 Chevy, they're buying up motor homes.
About two years from now, the first trickle of Baby Boomers hits early-retirement age. In the years after that, the trickle will become a flood.
Maranon is one of two oral surgeons who do pro bono work for MEND (Meet Each Need with Dignity), a Pacoima-based organization that does medical and dental work for people without insurance. Maranon treats up to 40 people a month for free at the clinic. An
A swarm of bees unexpectedly showed up last week in the atrium at Spago in Beverly Hills, creating a flurry of departures from the outside area into the posh restaurant.
Closed access to the uninitiated, it's hardly an inviting prospect. Why would anyone want something that's closed? But in the fast-moving world of high-speed Internet access, a closed system now being considered by the city of Los Angeles may, in fact,
Walt Disney Co. agreed to settle a longstanding $580 million lawsuit by its former studio chief Jeffrey Katzenberg, ending a high-profile legal feud between Katzenberg and Disney Chief Executive Michael Eisner.
As chief of cardiothoracic surgery at UCLA School of Medicine, Dr. Hillel Laks performed the first heart transplant in Southern California in 1984. Four years later, he did the first heart-lung transplant in the region.
When commercial real estate broker Carl Muhlstein was shopping in the Hong Kong jewelry district for a ring for his wife, he couldn't help noticing that the building's operating expenses were posted on the elevator wall. That led to the discovery that, be
Of all the cardiologists in all the practices in all of L.A., how is it possible to select the very best one? Same with oncologist, plastic surgeon, psychiatrist and 16 other medical specialists?
The rapidly changing Southern California economy and the approaching new millennium have stimulated businesses, organizations, and individuals to re-think their current position and future direction in today's challenging corporate milieu.
It's 11 a.m. on a dazzling Saturday morning in June, and a crowd already is forming under the tents and balloons in the parking lot of Applegate Farm, a 150-year-old dairy farm in Montclair, N.J. that has been a landmark attraction for ice cream lovers fo
Gastroenterologist Priya Jamidar earned one patient's unequivocal trust a few weeks ago when a classic medical catastrophe occurred.
In the age of high-speed technology and individualized learning opportunities, it was inevitable that the two would become well-suited partners. With the benefits of this technology, institutions of higher education are beginning to develop alternatives
Isuzu Motors America Inc.'s new president, Hiroo Majima, is a longtime company man, having first started working for Isuzu 30 years ago in Japan, right out of college.
They meet in secret. Their appointments were secret as well, made by anonymous government officials and an enigmatic Internet pioneer who died shortly after naming them to their posts.
Often the road to success is paved with failure, and that has been the case with Santa Monica-based Xenon Entertainment Group.
After more than three years of debate and preparation, the much-ballyhooed v-chip is finally here to shield children from violence and sex on television.
Believe it or not, Dr. Glenn Braunstein has been researching the same hormone ever since he entered UC San Francisco Medical School in 1964. Along with two co-workers, his study of chorionic gonadotropin, the hormone used to identify pregnancy, led to the
Monday, July 5
You're never likely to see Tom Cruise in an American commercial squeezing Charmin. Nor is Brad Pitt about to become a pitchman for Pontiac. So why are advertising giants suddenly so interested in buying up the Hollywood P.R. agencies that represent these
While doing a routine land survey in May in the Ahmanson Ranch tract, developers stumbled onto quite a discovery: 5,000 to 10,000 San Fernando Valley spineflowers.
In the early '90s, America was in an economic slump, but Sally Sirkin Lewis believed that the "rich always stay rich."
As the once-popular Sherman Oaks Galleria tries to reinvent itself, it's perhaps appropriate that its anchor tenant will be a retailer that is attempting to do much the same thing.
When DreamWorks SKG founder Jeffrey Katzenberg circulated an internal memo last Thursday that the studio had abandoned its plan to build a new campus at Playa Vista, employees were hardly disappointed.
Last month's announcement that America Online Inc. has invested $1.5 billion in Hughes is the strongest indicator yet that the El Segundo-based company has nearly completed its evolution from satellite manufacturer to more of a telecommunications firm wit
While runaway production is on the lips of most every Hollywood executive, the folks who made the new Austin Powers movie decided to stay right here to do all their filming.
A reader in San Diego writes that he plans to retire young. He wants to know how much he'd have to invest each year to have $1 million by age 52.
In the June 21 edition, the share price for Hughes Electronics Corp. was misstated. The correct prices were $54.25 on June 16 and $39.60 on Dec. 31, 1998.
All the deal making between Chinese officials and U.S. movie studios during the American Film Market last spring appears to be paying off.
Looking to reduce its U.S. real estate portfolio, Nissan Real Estate Corp. has sold its twin office towers in Torrance to Carlyle Realty for about $53.5 million.
Kennedy-Wilson Inc. generated a lot of news last week, with the acquisition of yet another property management firm and the decision to sell a $100 million portfolio of Los Angeles office properties.
The interactive video-game industry thrives on fantasy, so we understand why game software publishers dream and talk about a wave of consolidation that will fill their pockets with gold.
Brian C & #244;t & #233; has been appointed senior vice president and chief financial officer of Hughes Aircraft Employees Federal Credit Union in Manhattan Beach. He will oversee financial activities, including accounting, investments and forecasting. C & #244;t & #233; previously
L.A. public relations agencies have enjoyed an unprecedented degree of growth in recent years. Combined fee income for the top 25 jumped from $95 million in 1996 to $106 million in 1997, a 11.2 percent increase and rose again to $132 million in 1998, a
Terry Tamminen is a polluter's worst nightmare an environmentalist with plenty of money backing him up.
Looking for a casual date? Don't go to Marriage Minded Introductions. But if you're serious about getting hitched, you can join the matchmaking service for $1,200 a year for personalized introductions. Owner and director Terry Brussel Gibbons is a fourth-
The Business Journal asked, "Does it matter to L.A. whether its sports teams win or lose?"
L.A. county and city officials say billions of dollars are needed, right away, to fix the area's aging infrastructure before streets, bridges and pipes reach their breaking points.
Film and television productions valued at about $2.8 billion fled this country last year along with 23,500 related jobs as part of a trend that now finds one in four productions going elsewhere to save money, according to a new study.
Never mind their poor performance the cellar-dwelling Dodgers are bringing in higher television ratings on broadcast and cable television than a year ago.
The signing of high-scoring right wing Ziggy Palffy probably won't turn out to be the best thing to happen to the Kings this coming season. And the signing of first-round draft pick Lamar Odom is unlikely to be the best thing to happen to the Clippers.
Feel like having a little therapy but can't leave your computer because you're involved in a killer flame war on the "Star Trek" newsgroup?
Last week's decision by the Federal Reserve to raise interest rates received the usual amount of front-page attention one of the few remaining cases in which economists are still routinely heeded.
There are 315,000 women business owners in Los Angeles County, but only about 500 of them belong to the L.A. chapter of the National Association of Women Business Owners.
The Federal Reserve raised a key interest rate by a quarter of a point to 5 percent last week. It's probably not enough to put anyone out of business, but could cause people to think twice about taking on more debt. So the Business Journal asks:
In your June 14 edition you featured an article called "Anti-Business Bills Moving Closer to OK." One of my bills, AB 442, was identified as one of 20 "job killer" bills before the Legislature. I disagree with that characterization.
Something funny is going on in L.A.'s housing market: the number of homes being sold is declining, but prices continue to rise.
In the Newsmakers profile on June 21, the identity of Lucy Hood's supervisor was misstated. Hood reports to TV Guide's chief operating officer and president, Pam McKissick.
Everybody wants to be a producer even the folks at L.A.'s digital special-effects houses.
We have the unique perspective of owning restaurants on both the Third Street Promenade and in Marina del Rey. When we opened Teasers in Santa Monica more than a decade ago, the Promenade was a rundown pedestrian mall. Over the years, we've seen the area
First off, I'm delighted to name Dan Turner as assistant managing editor, effective with this week's issue. Business Journal readers know Dan for his Advertising and P.R. column, but he does so much more each week mostly on the news desk, where he edits
There are 5.8 million Latinos in the Los Angeles television market, representing 38 percent of the population and with a buying power in excess of $50 billion.
Who did Mayor Richard Riordan call when he needed 125 ice cream sundaes to feed a team of attorneys?
Some things are better left unsaid. In chat rooms, though, that applies to just about everything.
The business community, having played a major role in the passage of the new city charter, must continue its participation in the process. The job of making city charter reform work has just begun.
I hope it doesn't affect business I don't think it will. I don't know much about this stuff, but as long as I'm not taking out any loans, it won't affect me. As far as our customers go, they don't care what the interest rates are, if they need gardening
Some of New York's best restaurants recently banned cell phone use in their dining rooms. Staff at some establishments will hold your phone, answer it and take messages during your meal. Others just insist you turn it off.
5 YEARS AGO THIS WEEK: The Air Force canceled one of its last orders for missile-detecting satellites from TRW in Redondo Beach, a blow that crippled the firm's military spacecraft business While the rest of the nation posted employment gains, California
Anne Truscott has been named director of strategic planning for Colby Effler & Partners in Santa Monica. She will work with clients and develop new business projects. Truscott was previously planning director at TBWA Chiat/Day.
This letter is in respect to the article about the Forum ("Staples Center's Owners Agree to Buy the Forum," June 28).
A full-fledged revolt among L.A.'s Westsiders has resulted from the introduction of the state's first 11-digit dialing zone and the prospect of still more area codes for the 310 region.
The Internet has opened a new frontier of exchange known as e-commerce. Now, what used to be an inside technical term has become the catch phrase for the chosen and preferred method of future commerce.
With tree and grass pollen suspended in the air by the bushel, things couldn't be better for Dr. Jacob Offenberger.