Los Angeles Business Journal

LA BUSINESS JOURNAL DAILY NEWS

California Ranks as World’s Top Filming Location

California ranks first as the world’s top filming location for the third year in a row according to a study by FilmL.A. released Wednesday.

Irvine Developer Gets 133 Acres in LA Industrial Belt

Irvine-based developer Goodman Birtcher has bought a pair of massive distribution centers in Los Angeles County, including a property just over the county line in Santa Fe Springs, in one of the larger industrial acquisitions seen in Southern California in recent memory.

Silicon Beach Report June 15: Canary Health Merges With Medtronic to Fight Diabetes

Canary Health Joins Forces With medtronic, Napster moves back home, SpaceX booster crashes, and more.

Pasadena Business Center Sells for $67M

After its conversion to a creative office floorplan, the Pasadena Business Center has sold for about $67 million, nearly 85 percent more than what investors paid three years ago, according to commercial real estate brokers who negotiated the deal.

Stocks Fall

The Dow Jones industrial average fell 4 points on Wednesday to close at 17,640. The S&P 500 fell 4 points to 2,072. The Nasdaq fell 9 points to 4,834. The LABJ stock index stayed steady at 227.

Silicon Beach Afternoon Roundup: Obama’s Net-Neutrality Rules Upheld in Federal Court

Net-neutrality upheld in federal court, e-commerce startup Loot Crate secures major investment; Electronic Arts sets its sights on e-sports market, and more.

Berkshire Group Buys Arts District’s One Santa Fe Apartment Complex

Boston real-estate firm Berkshire Group announced its purchase of One Santa Fe, a 438-unit, 500,000-square-foot apartment community located in the Arts District.

L.A. Employers to Increase Hiring in Third Quarter

Los Angeles employers say they plan to step up hiring during the third quarter, according to a survey to be released Tuesday from Manpower Inc.

Stocks Continue to Fall

The Dow Jones industrial average fell 58 points on Tuesday to close at 17,675. The S&P 500 fell 4 points to 2,075. The Nasdaq fell 5 points to 4,844. The LABJ stock index stayed steady at 227.

READER POLL: Should more be done to stop L.A. companies from leaving California?

READER POLL: Should more be done to stop L.A. companies from leaving California?

Calderon Pleads Guilty in Political Corruption Scandal Tied to Long Beach Hospital

A week after his brother Tom Calderon copped a plea deal with federal prosecutors, former state senator Ronald Calderon followed suit, pleading guilty to one count of mail fraud and admitting he took tens of thousands of dollars in bribes in exchange for political favors.

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Spring Street Historic Office Sells to Rising Realty

The Title Insurance Building in downtown’s Historic Core just traded for at least five times the amount it sold for in 2012.

Silicon Beach Report June 13: Microsoft Buys LinkedIn, Snapchat Rolls Out New Ads

Microsoft Corp. spends big to acquire professional network LinkedIn, Snapchat unveils a new advertising format.

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ABC's 'American Crime’ Moves Production to Los Angeles

The critically-acclaimed TV series “American Crime” is moving its third season of production to Los Angeles, thanks to an expanded tax credit program offered by the California Film Commission.

California International Bank Moving to Rosemead

California International Bank, known as Saigon National Bank until February, has filed to relocate its headquarters to Rosemead, according to the federal Office of the Comptroller of the Currency, which approved its new name.

Stocks Fall

The Dow Jones industrial average fell 133 points on Monday to close at 17,732. The S&P 500 fell 17 points to 2,079. The Nasdaq fell 46 points to 4,848. The LABJ stock index fell one point to 227.

Trial to Start Monday in Claremont’s Attempt to Take Over Water System from Golden State Water

Trial is set to begin Monday in the city of Claremont’s attempt to take over a water system from Golden State Water, the private utility serving the city.

Los Angeles Billboard Ban Stands

Los Angeles’ oft-disputed billboards ban remains intact after the California Supreme Court opted Friday not to review a March appellate court ruling upholding the statute.

The Virtual Reality Co. Raises $23M: Silicon Beach Afternoon Roundup

The Virtual Reality Co. raises $23 million, Legendary launches live-streaming, set-top box content company Frequency raises $11 million, and more.

J2 Global Submits $100M Bid for Gawker Media

J2 Global Inc.’s publishing division Ziff Davis has reportedly submitted an opening bid of $90 million to $100 million for Gawker Media, which is putting itself up for sale after filing Chapter 11 bankruptcy on Friday.