Los Angeles Business Journal


Jamison’s Explosion-Rocked 811 Wilshire Reopens

Nearly a month after an explosion in the basement of landlord Jamison Inc.’s 20-story office tower at 811 Wilshire Blvd., the building is finally open.

Stocks Fall; Ares Soars, California Resources Sinks

The Dow Jones industrial average fell 51 points in Wednesday trading to close at 16,280. The S&P 500 fell four points to 1,939. The Nasdaq fell four points to 4,753. The LABJ Stock Index fell one point to 221.

Reader Poll

Which L.A. billionaire would you like to see own the Los Angeles Times?

Bud to Buy L.A.’s Golden Road

In a big deal for L.A.’s growing craft beer scene, Atwater Village brewery Golden Road is being acquired by beer giant Anheuser-Busch, the companies announced Wednesday.

Soon-Shiong Interested in Buying L.A. Times

Dr. Patrick Soon-Shiong, the wealthiest person in Los Angeles, is considering making an offer to buy the Los Angeles Times, according to a source familiar with the situation who declined to speak on the record.

Demand Media, Jukin Buy Indie Content Creators

As part of an emerging merger and acquisitions trend in the online content space, both Demand Media and Jukin Media have each snapped up small independent content creators for undisclosed amounts.

DARPA Grounds AeroVironment Drone Contract

AeroVironment Inc. was turned down for a contract under which it would have continued to develop a new unmanned aircraft for use by the U.S. Navy, the company said Tuesday.

Colony Capital Drops $200 Million on SoCal Portfolio

The Santa Monica real estate investment trust spent north of $200 million earlier this month on an 11-property office and industrial portfolio that includes three assets in the county, as well as buildings in San Diego, Riverside and Sacramento, according to sources with knowledge of the deal.

Stocks Fall; Point.360 Booms, TrueCar Brakes

The Dow Jones industrial average fell 180 points in Tuesday trading to close at 16,330. The S&P 500 fell 24 points to 1,943. The Nasdaq fell 72 points to 4,757. The LABJ Stock Index fell two points to 221.

Barrack Engineers Merger of Home Rental Businesses

Thomas J. Barrack Jr., executive chairman of L.A. investment management firm Colony Capital, has extended his reach in the residential market.

Multiple Bidders May Emerge for L.A. Times

In the wake of Austin Beutner’s firing from the L.A. Times and reports that billionaire Eli Broad could reignite his interest in acquiring the beleaguered paper, there are now rumblings that others could be interested as well.

Disney, Traditional Media Pour Money into Virtual Reality Firm Jaunt

Fictional lives have always been Hollywood’s stock in trade. Now it’s investing in another form of virtual reality.

Burbank Airport Center Sells for Nearly $20 Million

The Burbank Airport Center has changed hands for $19.8 million, or about $220 a square foot.

Did Clinton Tweet Send Local Biotechs Down?

Democratic presidential candidate Hillary Clinton may have to shoulder the blame for the hit taken by local biotech stocks on Monday.

Albertsons Puts Two Large Industrial Sites on Market

Albertsons Cos. Inc. has put two huge Los Angeles County distribution centers up for sale.

Reader Poll

With football season in full swing, do you prefer to watch games at a sports bar or at home?

Stocks Rise; Ritter Pharmaceuticals Climbs, Broadway Financial Tanks

The Dow Jones industrial average rose 126 points in Monday trading to close at 16,510. The S&P 500 rose nine points to 1,967. The Nasdaq rose two points to 4,829. The LABJ Stock Index was flat at 224.

L.A. Tech Events Calendar: Sept. 21 – Oct. 4

Roundup of L.A. tech events in the next two weeks.

Local Effort to Buy Times Turns to Karsh, Oaktree

Billionaire Eli Broad and other Los Angeles leaders might be trying to enlist Oaktree Capital Management co-Chairman Bruce Karsh, who’s company owns nearly a fifth of Tribune Publishing Co. stock, into the fight to regain local control of the L.A. Times.

Social Media Startup TheAudience Sold to Dubai Conglomerate

In a whirlwind of a transaction, social media marketing agency theAudience has been sold to Al Ahli Holding Group of Dubai for an undisclosed amount.