Stories by Cale
REAL ESTATE: Developer taps foreign coin for Waldorf Astoria.
Hotel developer looks to book $150 million in foreign investment through the EB-5 program.
EXPANSION: Charles Dunn brings in David Pinsel for out-of-state growth drive.
Downtown L.A. real estate brokerage Charles Dunn Co. is aiming to expand its reach beyond California for the first time in the firm’s 95-year history.
Developer looks to put new museum on display
Developer Tom Gilmore looks to reframe downtown’s Old Bank District with a multibuilding museum.
SALE: $127 million value towers well above market’s average square-foot price.
Hollywood’s 14-story CNN Building on Sunset Boulevard has just sold for a whopping $127 million.
REAL ESTATE: Santa Monica’s vacancies rise as firms relocate.
Santa Monica’s once-red-hot office scene cools as Silicon Beach tenants warm up to less-pricey markets.
ACQUISITION: Investor scores pair of apartment properties for $5.82 million.
A growing crop of investors is looking to cash in on Inglewood real estate now that the National Football League has declared the city will be home to the Los Angeles Rams.
Crelow hopes to speed matchmaking process for tenants, landlords.
Crelow’s website aims to open the door to easier, speedier deals for tenants and landlords.
A weekly roundup of L.A. tech company and product launches.
ACQUISITION: Meridian picks up pair of buildings with $37.5 million offer.
A $37.5 million deal last month for a pair of decades-old buildings showcased investors’ healthy interest in Pasadena’s medical office market.
ENTERTAINMENT: Burnish Creative’s co-founders credit firm’s physical office, location with scoring TV editing work.
Burnish Creative’s co-founders say a physical office played a lead role in growing their TV editing firm.
Taft Building at Hollywood and Vine turns corner as renovations pull in new tenants.
Hollywood’s iconic Taft Building steps into the spotlight with help from a $15 million makeover and tech tenants.
ONLINE: SteelHouse, others saw revenue soar with help of ‘programmatic’ process.
Revenue surged last year as SteelHouse and other ad tech firms continued to click with clients.
Trumark Urban moves into downtown L.A.’s tight condo market with luxury tower project.
Developer Trumark Urban is high on prospects in downtown Los Angeles for its luxury condos.
SALE: Decron gives credit to broad tenant lineup for $84.5 million transaction.
Decron Properties, an L.A. real estate and management firm that made a $30.3 million wager on a struggling shopping center in the San Gabriel Valley nearly two decades ago, has seen its bet pay off.
The Chargers will not be joining the Rams in Los Angeles after all – at least not yet. Dean Spanos, owner and chairman of the San Diego NFL team, announced Friday that the Chargers will play in San Diego next season.
FINANCE: Developers fear short stay for EB-5 visa program that serves as low-cost funding source for projects.
EB-5 visa program’s financial benefit to developers could be scrapped over fraud concerns.
An overview of real estate activity in Los Angeles County in the fourth quarter, broken down in three categories: office, retail and industrial.
ACQUISITION: $42 million surprises sellers, easily tops local average unit price.
At a whopping price of $42 million, this month’s sale of the 129-unit Urban Village Apartments in Long Beach towers above other recent multifamily property sales in the area.
MERGER: Paul Skiermont first ran into Paul Derby when facing off in college.
Once fierce competitors, Paul Derby and Paul Skiermont are now partners.
Lisa Munyon’s online database helps users order legal services.
Former Las Vegas waitress Lisa Munyon is now rolling the dice on expanding her legal services business.
FX sets series as firms battle to use name of late Johnnie Cochran.
O.J. Simpson series stirs memories of lawyer “dream team” as ex-partners of the late Johnnie Cochran fight over his name.
It’s official: The Rams will return to Los Angeles for the 2016 season.
DEVELOPMENT: Owners fail to save property from foreclosure.
Debt-laden owners fail to drive a deal to save bankrupt Malibu Golf Club from foreclosure.
AVIATION: Practice unit at Morrison Foerster foresees work from new FAA rules.
While the popularity of drones continues to soar, a practice group dedicated to unmanned aircraft systems at Morrison Foerster is also taking off.
LAW: National firm chooses Glendale boutique for merger.
Christie Parker & Hale made a case for its IP focus after drawing interest from national firm Lewis Roca Rothgerber.
ACQUISITIONS: Separate buyers to cue up creative conversions at properties.
Revitalization efforts in downtown Long Beach have gotten a big boost with the sale of two low-rise office towers along Ocean Boulevard.
El Segundo’s DirecTV got the go-ahead from the U.S. Supreme Court on Monday to resolve a dispute with customers through individual arbitration rather than in court.
Lawsuit over compensation for plaintiffs’ attorneys could pay off in fewer class-action cases against businesses.
STAFFING: CEO job at Public Counsel convinces jurist to leave bench behind.
After an extensive search for a new leader, Koreatown nonprofit law firm Public Counsel has named U.S. district court Judge Margaret Morrow its chief executive.
LAW: Richard Marks in high demand in show-biz disputes.
Richard Marks has secured some high-paying gigs by being cast as an expert witness in entertainment disputes.
STAFFING: Korn Ferry’s shares rise as Hay Group pickup expands services.
Acquisition of Hay Group could give Korn Ferry a higher profile beyond executive search services.
IMMIGRATION: Lawyer in prison in South Korea for role in EB-5 fraud case.
Former L.A. immigration attorney Justin M. Lee, who used a federal visa program to defraud dozens of investors, must pay the Securities and Exchange Commission $8.3 million after a court judgment, the federal agency announced last week.
Pot shop’s famous name can’t be trademarked
House of Dank’s lawyer hopes changes to trademark laws will help the pot shop’s hip-hop buzz.
SmartFlow Compliance’s software helps devices make call on legality of usage.
Former phone exec Ted Miracco has dialed up a new career as a pirate fighter.
TRANSPORTATION: Petition aims to drive off services at LAX.
Activist group’s environmental lawsuit throws up another roadblock to ridesharing services at LAX.
LAW: Companies move to bring hiring disputes back to home state.
Out-of-state employers move to undercut California’s competitive advantage in ignoring noncompete clauses.
EDUCATION: Loyola dean makes case for programs as Internet issues increase.
While data breaches have become commonplace – almost a cost of doing business today, the legal industry has struggled to meet the increasing demand for lawyers trained on cybersecurity matters.
FILM: RealD’s acquisition by Rizvi Traverse will ease pressure to diversify firm.
Three-D technology firm RealD sees a better future operating as a private company.
West L.A. law firm Manatt Phelps & Phillips was crowned Monday as the 2016 “law firm of the year” for music law by U.S. News & World Report and Best Lawyers.
GOVERNMENT: Adopted bill offers bosses time to fix labor code violations.
Not too long ago, Margaret Gillespie defended claims filed against one of her business clients alleging the company had violated California’s labor code by not printing its full legal name on its paystubs.
LAW: Doniger/Burroughs courts apparel industry clients with niche focus on enforcing clothing copyrights.
Doniger/Burroughs has tailored its practice to represent trademark cases for clothing companies.
HEALTH CARE: RadNet’s shares fit for framing after $65.5 million acquisition.
Wall Street likes the look of imaging firm RadNet after acquisition boosts its New York presence.
LAW: O’Melveny & Myers looks to get new aviation group off ground with lawyers drawn from range of practices.
New group covering range of aviation industry issues takes wing at O’Melveny & Myers.
LAW: Supreme Court may nix clauses, spurring class actions.
U.S. high court ruling could bind businesses hoping to use arbitration clauses to avoid costly class-action suits.
ART: Seele’s action latest in payment battle between façade designer, museum.
Broad museum faces foreclosure filing in the latest round of its fight with façade designer Seele.
POLITICS: Olson Hagel’s new office aims to score work from ballot measures.
With the 2016 election season quickly approaching, Sacramento political law firm Olson Hagel & Fishburn has opened an office in Long Beach to capitalize on an expected spike in demand.
Los Angeles City Attorney Mike Feuer accused Hollywood nightclub Supper Club of violating a three-year probation by allowing long lines outside, smoking on the site and serving alcohol in restricted areas, according to a press release issued Wednesday.
AES pushes back against city, state officials in plan to replace its Redondo Beach plant.
AES’ plans for its Redondo Beach power plant are at sea as city and state rules limit the company’s options.
NONPROFIT: New projects follow Nicolas Berggruen’s focus on governance.
Nicolas Berggruen discusses how his institute’s focus on governance guided him to establish a new center and $1 million prize.
HOSPITALITY: Local tavern suits up to take on DirecTV’s prices.
One local bar joins others across the country in tackling what they say are high prices charged by DirecTV for NFL games.