Los Angeles Business Journal


Lofty Goal

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

By Cale Ottens February 22, 2016 9:20 a.m.   Share

Software Firm Works to Get on Track With Weed

TECHNOLOGY: Kind Financial aims to keep pot firms compliant.

Kind Financial switched focus to also put money on pot tracing and tracking software.

Right Hook

MEDIA: Breitbart soars by taking swing at mainstream news.

Breitbart News Network has scored with liberal servings of conservative-minded news and analysis.

Some For-Profit Schools Flunk Out

EDUCATION: Rule changes make it harder to pass muster.

Some for-profit schools shutter after failing to make the grade under new financial aid rules.

Japanese Cheesecake Makes Cut

Panda Express parent introduces Uncle Tetsu to family of chains

Panda Restaurant Group hopes to find a sweet spot stateside for Japanese cheesecake chain Uncle Tetsu

Life Sciences Get Shot In Arm in L.A.

Trade group pumped about prognosis for local industry’s future.

Trade group California Life Sciences Association pursues healthy returns at a new L.A. outpost.

Lawyer Checks All Boxes

Every day for the last two years, Nimish Patel has poured over both The New York Times and Los Angeles Times crossword puzzles, turning to his teenage son and daughter for help with the clues he can’t quite get.

A Look Ahead: What’s on the agenda for Los Angeles business in the coming week

APPAREL: Fashion Market tailors events to put focus on business for attendees.

Apparel designers and retail buyers will descend on downtown’s Fashion District on Oct. 17 to scope out upcoming trends for the spring 2017 season and place orders to stock their stores accordingly.

Digital Resolution

ArbiClaims pitches speedy online deliberation as alternative to state’s crowded courtrooms

ArbiClaims believes it has settled on a successful strategy in providing speedy online arbitration

Buyer May Home In on Times Mirror Property

REAL ESTATE: Residential plan could drive up cost for Onni to $115 million.

Onni Group might shell out more to move Times Mirror building into residential use.

Pasadena Wades Into Debate On Streaming Levy

Pasadena may tune into streaming video services such as Hulu as a source of tax revenue.

Power Companies Charge Into Storage Ventures

ENERGY: Tesla’s batteries drive SoCal Edison’s plan for Mira Loma facility.

Tesla’s battery plant for SoCal Edison is part of a wider industry push to put more into storage.

Incubator Hopes to Sow Field of Green Ventures

TECHNOLOGY: Campus to offer 60,000 square feet to eco-conscious businesses.

New incubator hopes to egg on green businesses.

Founder Files Manicure Business Under ‘Guys’

BEAUTY: Michael Elliot’s Hammer & Nails buffs up service for male clientele.

Dudes across the country will now have their very own man cave-like space to get a manicure and pedicure.

Former Solicitor General to Lead Drive in D.C.

EXPANSION: Munger hires Donald Verrilli Jr. to run the firm’s third outpost.

For more than a half-century, downtown’s Munger Tolles & Olson has defied the geographic expansion that many of the firm’s big law competitors used as a mechanism for growth.

Deals of the Week: A look at the companies that signed on the dotted line last week

Russian firm’s bid forrocket launcher comes under fire

Russian private aviation holding company CJSC S7 Group’s purchase of Sea Launch, a rocket launch company that operates out of the Port of Long Beach, is making waves in the Southern California aerospace industry, with a legal challenge by the Boeing Co. and concerns about the Russian company’s involvement.


Calendar of events


Upcoming Conventions

Buyer Charged Up Over Electric-Car Storefront

ACQUISITION: Deal grows KLM’s landlord presence at Third Street Promenade.

The sleek storefront that is home to Tesla Motors Inc.’s showroom on Santa Monica’s Third Street Promenade has sold for about $15.6 million, or roughly $5,200 a square foot, to the same company that purchased the Promenade’s Apple store in 2014.

Wrinkle in Time

Three habits seem to portend a long and productive life. The fourth key may be harder to grasp.


Larry Turman has produced 40 feature films and directed two during his career in Hollywood, and he’s also executive produced a number of projects for television.

SPECIAL REPORT: Maryanne Hayashi

Maryanne Hayashi’s Central City Action Committee has offered kids from low-income families in Echo Park homework tutoring and job training, and brought them on field trips for about 45 years.


Dion Neutra has spent 85 of his nearly 90 years in Silver Lake.

SPECIAL REPORT: Jose-Luis Saavedra

Jose-Luis Saavedra founded Tapatio Foods in 1971, creating the recipe for the famous Tapatio hot sauce and selling it internationally.


Howard Ruby invented the corporate housing industry by launching Oakwood in 1968 after completing several other niche residential projects earlier that decade, including the South Bay Clubs for singles.


Jaime Jarrín, the “Spanish voice of the Dodgers,” is one of the most recognizable voices in all of Spanish-language broadcasting.

SPECIAL REPORT: Sister Alice Marie Quinn

St. Vincent Meals on Wheels began with a pot of stew cooked by Sister Alice Marie Quinn for more than 80 senior citizens one night in 1977 while she was working in St. Vincent Medical Center’s dietary department.