GOVERNMENT & INFRASTRUCTURE
Long Beach Container Terminal Sold for $1.8 Billion
Hong Kong-based Orient Overseas International Ltd. said Tuesday that it will sell Long Beach Container Terminal to a consortium led by Australia’s Macquarie Group for $1.78 billion.
Unemployment Down in L.A. County as Jobs Grow, Workforce Shrinks
L.A. County’s unemployment rate in March dipped slightly to 4.6 percent, the combined effect of a modest gain in jobs and several thousand workers leaving the labor force.
DTLA’s Central City Association Adds Board Members
The Central City Association, downtown’s main business group, announced on March 27 the addition of six members to its board of directors.
Import Volume Down 10 Percent at Ports in Post-Holiday Slump
Cargo volumes sunk at the San Pedro Bay ports in February with imported goods sliding 10.2 percent compared to the same time last year.
L.A. Moves to Terminate AllenCo Oil Lease at Site Near USC
Los Angeles Mayor Eric Garcetti and a city councilman on March 13 announced the city was terminating a lease agreement with Signal Hill oil company Allen Co. Inc. that allowed the company to drill for oil at a site in the University Park neighborhood.
Report: Arcing of SoCal Edison Wires Caused Massive 2017 Thomas Fire
The Ventura County Fire Department on March 13 issued a report saying that arcing of wires owned and operated by Southern California Edison caused the massive 2017 Thomas Fire in Ventura and Santa Barbara Counties that charred 282,000 acres, destroyed nearly 1,100 structures and killed two people.
San Gabriel Valley Construction Contractor Cited for Nearly $12 Million in Wage Theft Violations
The state Labor Commissioner’s office has fined the former owners of a now-shuttered San Gabriel Valley construction subcontractor for nearly $12 million in wage theft violations.
California Cartage to Shutter Wilmington Operations in July
One of the region’s biggest players in logistics will shutter its sprawling Wilmington warehouse in July.
L.A. County Unemployment Rate Rose to 4.8 Percent in December As More People Looked for Work
L.A. County’s unemployment rate rose to 4.8 percent in December from 4.7 percent in November as more people entered the workforce looking for work, according to state figures released Jan. 18.
U.S. Sues Tetra Tech for Alleged Mishandling of Bay Area Nuclear Cleanup Contract
The U.S. Justice Department on Jan. 14 filed a lawsuit against an operating unit of Pasadena contractor Tetra Tech Inc., alleging the company filed false invoices for work on a cleanup contract involving radioactive waste at a Bay Area former shipyard and seeking damages that one published report said could be up to $800 million.
Hollywood BID Names Kristopher Larson as New Chief
The Hollywood Business Improvement District board has named Kristopher Larson, a business leader from Raleigh, N.C., as chief executive of the Hollywood Property Owners Alliance, the nonprofit organization that manages the Hollywood Business Improvement District. He will replace longtime executive director Kerry Morrison, who announced last summer she was stepping down at the end of this month to focus on improving mental health programs in the region.
SoCal Gas Names New President, New COO
Southern California Gas Co.’s new chief executive Bret Lane on Jan. 7 announced two members of his leadership team: Maryam Brown as president and Jimmie Cho as chief operating officer.
Celerity Chief Executive Pleads Guilty to Conspiracy Charge
The former chief executive of Celerity Educational Group pleaded guilty Dec. 21 to a federal conspiracy charge nine months after federal agents raided the charter school network’s Koreatown office, according to a press release from the U.S. Attorney’s Office for California’s Central District.
Tutor Perini Lands $104M U.S. Air Force Contract to Build Saudi Air Force Base
A subsidiary of Tutor Perini Corp. has won a contract worth $104 million from the U.S. Air Force to design and construct facilities for the Royal Saudi Air Force, the company announced Tuesday.
Centennial Planned Community Project at Tejon Ranch Approved
By a 4-to-1 vote, the Los Angeles County Board of Supervisors voted Tuesday morning to approve the massive Centennial master-planned community project at Tejon Ranch and bring 19,000 new dwellings to the Southern California region.