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Cale Ottens

Stories by Cale

Hotel Checks In to Visa Program

REAL ESTATE: Developer taps foreign coin for Waldorf Astoria.

Hotel developer looks to book $150 million in foreign investment through the EB-5 program.

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Brokerage Hires Texas Veteran to Lasso Business

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.

Lofty Goal

Developer looks to put new museum on display

Developer Tom Gilmore looks to reframe downtown’s Old Bank District with a multibuilding museum.

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Deal for CNN Building Big News for Hollywood

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.

Shore Leave Hits Silicon Beach

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.

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NFL Stadium Kicks Off New Interest in Inglewood

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.

Website Aims To Click With Rental Market

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.

Silicon Beach Launch List: Feb. 12

A weekly roundup of L.A. tech company and product launches.

Developer Checks In to Pasadena’s Medical Market

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.

Solid Image

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.

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Hollywood Revival

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.

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L.A.’s Ad Tech Firms Connected With Healthy 2015

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.

Looking Up

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.

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Auto Dealerships Helped Drive Deal for Center

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.

Chargers Will Stay in San Diego – For Now

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.

Way In on Way Out?

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.

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SPECIAL REPORT: Office Market Closes Year Strong; Tight Space Lifts Industrial Rents

An overview of real estate activity in Los Angeles County in the fourth quarter, broken down in three categories: office, retail and industrial.

Multifamily Pickup Makes Splash in Long Beach

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.

Former Debate Opponents Resolve to Join Firms

MERGER: Paul Skiermont first ran into Paul Derby when facing off in college.

Once fierce competitors, Paul Derby and Paul Skiermont are now partners.

Ex-Waitress Offers Tips On Law Hires

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.

O.J. Simpson Case Courts More Fame

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.

Rams Coming Back to L.A.

It’s official: The Rams will return to Los Angeles for the 2016 season.

Golf Club Bagged

DEVELOPMENT: Owners fail to save property from foreclosure.

Debt-laden owners fail to drive a deal to save bankrupt Malibu Golf Club from foreclosure.

Firm Expects More Business as Drones Take Off

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.

IP Focus Ruled Positive Pursuit

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.

Purchases Shore Up Long Beach Office Market

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.

Supreme Court Protects Businesses’ Arbitration

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.

Future on Trial For Class Actions

Lawsuit over compensation for plaintiffs’ attorneys could pay off in fewer class-action cases against businesses.

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Federal Judge Rules in Favor of Nonprofit CEO

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.

Expert Witness Sees Hefty Pay

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.

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Exec Search Firm May Have Found Good Match

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.

Ex-Attorney Fined $8.3 Million for Visa Scheme

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.

BuzzKill

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.

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Phone Tech Has Line on Piracy

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.

Activists Grab Ridesharing Wheel

TRANSPORTATION: Petition aims to drive off services at LAX.

Activist group’s environmental lawsuit throws up another roadblock to ridesharing services at LAX.

California Out of Competition?

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.

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School Locks In on Offering Cybersecurity Degrees

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.

3-D Tech Maker Prefers Role as Private Company

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.

Manatt Phelps Named Top Firm for Music Law

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.

State Amendment May Work to Curb Staff Suits

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.

Legal Patterns

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.

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Pickup Raises Imaging Firm’s New York Profile

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.

Packed Flight

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.

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Unsettling Time For Arbitration

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.

Subcontractor Hangs Foreclosure Filing on Broad

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.

Sacramento Firm Endorses Long Beach Outpost

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.

City Attorney Charges Hollywood Nightclub with Probation Violation

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.

Power Plays

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.

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Institute to Add Cultural Center, $1 Million Prize

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.

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Bars Allege Prices Hiked to Show NFL Games

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.

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