Stories by Karen
If you’re interested in booking a hotel this New Year’s Eve, get ready to pay up. Hotel rates in Los Angeles are going to the penthouse level this Dec. 31, according to a survey by LosAngelesHotels.org.
The Los Angeles Business Journal’s index of the largest local public companies was up marginally for the week. The weighted LABJ index rose nearly 1 percent to close at 234, with losers outpacing gainers 76 to 70. Eight companies closed the week unchanged.
Five long-term tenants in Fairfax District filed a lawsuit Wednesday claiming they were illegally evicted so their units could be rented for farm more money to Airbnb.
The Daughters of Charity Health System has finally closed the deal with New York private investment firm BlueMountain Capital Management to transfer control of six struggling Daughters of Charity hospitals, including two in Los Angeles County, and create Verity Health System.
Los Angeles Mayor Eric Garcetti on Monday announced the launch of Metro’s Silver Line Express.
Pasadena biopharmaceutical firm Arrowhead Research Corp. announced Monday that the company will be added to the Nasdaq Biotechnology Index, a collection of biotech and pharmaceutical companies.
Los Angeles City Attorney Mike Feuer, along with the California Environment Protection Agency and other state regulators, filed criminal charges Friday against five metal plating businesses in Boyle Heights over environmental violations they say pose a public safety threat.
Shares of Santa Monica cancer drug developer Kite Pharma Inc. were up Tuesday after the company announced it plans to sell up to $250 million worth of common stock.
Southern California Gas Co. executives say they are doing what they can to ameliorate the effects of the gas leak near Porter Ranch that has been ongoing since late October and appears likely to continue for several months.
The Los Angeles Business Journal’s index of the largest local public companies was down for the week. The weighted LABJ index fell 1 percent to close at 242, with losers outpacing gainers 93 to 54. Seven companies closed the week unchanged.
Munger, Tolles & Olson LLP has signed a long-term lease with L.A.’s CIM Group to move the law firm’s headquarters to 150,500 square feet at 2 Cal, an office building at 350 S. Grand Ave. in Bunker Hill.
Encino’s Gelson’s Markets and Smart & Final Stores have been approved to expand in Los Angeles. Gelson’s executives announced Monday that the company won final approval to buy two additional stores – one each in Laguna Beach and Carlsbad – that were formerly owned by bankrupt grocer Haggen. It earlier got six stores.
Adler Realty Investments Inc. of Woodland Hills has sold a 210,281-square-foot office complex in Long Beach for $35.2 million to a joint venture that aims to convert it to a creative office space.
Real estate entrepreneur Steven Gordon, the chairman and principal owner of Domino Realty Management Co., has made a $1 million donation to the UCLA Ziman Center for Real Estate in order to fund the Steven C. Gordon Real Estate Student Endowment.
An increasing number of people are preparing to shop locally this holiday season – about 64 percent of Americans, says a Harris Poll commissioned by Yelp. And according to a new Yelp list, Burbank ranks as one of the “Top Places to Shop Local.”
Since about 42 million Americans are expected to hit the road this Thanksgiving, according to AAA, there are some local bottlenecks – among the worst in the country – travelers may want to avoid.
Preferred Bank, a downtown Los Angeles bank that focuses on lending to Chinese-American businesses, announced Monday it has completed its acquisition of United International Bank, a small Chinese-American bank in Flushing, N.Y.
Downtown developer Ratkovich Co. announced this week six new lease agreements at its building at 5900 Wilshire Blvd. on the Miracle Mile, boosting its occupancy rate north of 95 percent.
Santa Monica’s Ring, a company that manufactures a doorbell with a video camera linked to an app, has inked a deal with Wisconsin’s American Family Insurance to give customers a discount.
Santa Monica’s Card.com, a maker of customized prepaid Mastercard debit cards, announced Wednesday it has raised $9 million from investors.
Oksana Kolesnikova, the founder and chief executive of the Oksana School of Music & Art in Beverly Hills, has added a jewel to her crown with the recent purchase of Rancho Palos Verdes’ European School of Music & Art.
The Reason Foundation wants to help improve traffic congestion in Los Angeles and Wednesday announced a plan toward that effort.
Tim Leiweke, the former chief executive of Anschutz Entertainment Group, has joined forces with powerhouse music manager Irving Azoff to launch the Oak View Group, a Los Angeles advisory and development company that will focus on helping arenas and independent venues find new revenue sources.
If you’re frustrated with spotty cell phone coverage in Los Angeles, some relief is on the way in the form of new streetlights that also serve as cell towers.
The Los Angeles Business Journal’s index of the largest local public companies was up for the week. The weighted LABJ index rose 1 percent to close at 240, with gainers outpacing losers 97 to 55. Three companies closed the week unchanged.
Thousands of entrepreneurs from across the Los Angeles area came to downtown’s California Market Center Thursday for the city Small Business Expo, hoping to pick up new techniques and contacts that could give their businesses a boost.
West Hollywood’s Rogers & Cowan, a public relations and marketing agency known for its work in the entertainment industry, named Mark Owens as its new chief executive Tuesday.
Surf Airlines of Santa Monica is teaming up with ridesharing service Uber to launch the airline’s service to Palm Springs International Airport.
The public relations executive on Marina del Rey living, his open-door policy and his annual stress-clearing hike with friends
J.P. Schuerman has made it his business to help others promote theirs.
The Los Angeles Business Journal’s index of the largest local public companies was up for the week. The weighted LABJ index rose less than 1 percent to close at 237, with losers outpacing gainers 96 to 52. Eight companies ended the week unchanged.
West L.A. private equity firm Vance Street Capital announced Wednesday it has agreed to sell Santa Ana’s Secure Technology Co. to Benchmark Electronics Inc. for approximately $230 million in cash.
As expected, the Federal Reserve announced today it that would keep the benchmark interest rate unchanged at nearly zero percent, but paved the way for a possible rate hike in December.
Private equity and debt giant Ares Management and fellow Century City finance firm Kayne Anderson Capital Advisors announced Tuesday that they have mutually agreed to forgo their plans to merge due to a difference of opinion about how to navigate the current bear market in energy.
The co-founder of Cousins Maine Lobster on appearing on “Shark Tank,” working with family and taking joy in helping others.
Both Sabin Lomac and Jim Tselikis, cousins and co-founders of Cousins Maine Lobster, fell into the food business by accident.
The Los Angeles Business Journal’s index of the largest local public companies was up for the week. The weighted LABJ index rose 2 percent to close at 236, with gainers outpacing losers 85 to 64. Seven companies closed the week unchanged.
Three local business schools made Bloomberg Businessweek’s 2015 ranking of “Best Business Schools.”
Santa Monica cancer drug developer Kite Pharma Inc. announced it had entered into another exclusive worldwide license with the National Institutes of Health for immuno-oncology drug candidates. This latest license covers treatments targeting tumors associated with lung, gastric, pancreatic and breast cancer, among others.
Sony Pictures Entertainment has reached a settlement to resolve a proposed class-action lawsuit brought by former employees who said the company did not sufficiently protect their personal information in the wake of last year's cyberattack.
The partner at Beverly Hills accounting firm NSBN on having a passion for work, taking chances and the importance of networking.
Tayiika Dennis has a lot to celebrate this year.
The Los Angeles Business Journal’s index of the largest local public companies was up for the week. The weighted LABJ Stock Index rose 2 percent to close at 231, with gainers slightly outpacing losers 75 to 74. Seven companies closed the week unchanged.
The Los Angeles County District Attorney has charged a film director and an insurance agent with bilking an estimated $21.5 million from people who invested in a film they produced, “Not Forgotten.”
The Los Angeles Board of Harbor Commissioners has given the go-ahead for the design contract for the $52.7 million waterfront promenade rehabilitation in Wilmington.
The Los Angeles Business Journal’s index of the largest local public companies was up for the week. The weighted LABJ index rose 3 percent to close at 227, with gainers outpacing losers 119 to 30. Seven companies closed the week unchanged.
Troubled Pacific Northwest grocery chain Haggen announced Monday it would begin unloading some of its California stores to Commerce warehouse retailer Smart & Final and Encino’s Gelson’s Markets.
Tetra Tech Inc. has secured a United States Agency for International Development, or USAID, contract with a potential value of up to $600 million, the company said Monday.
The Dow Jones industrial average rose 304 points in Monday trading to close at 16,776. The S&P 500 rose 36 points to 1,987. The Nasdaq rose 73 points to 4,781. The LABJ Stock Index rose three points to 223.
The Los Angeles Business Journal’s index of the largest local public companies was up for the week. The weighted LABJ index rose 1 percent to close at 220, with losers outpacing gainers 84 to 66. Eight companies closed the week unchanged.
UCLA announced Wednesday that billionaire philanthropist Eli Broad will donate his personal papers to its library.
California can expect to see continued job growth and lower unemployment over the next three years, but housing costs are expected to continue to rise, according to the UCLA Anderson Forecast released on Monday.
The Los Angeles Business Journal’s index of the largest local public companies was up for the week. The weighted LABJ index rose 3 percent to close at 217, with losers outpacing gainers 96 to 54. Eight companies closed the week unchanged.