LABJ WEEKLY EDITION
COMMERCE: Survey rates most L.A. cities as high cost.
Rising costs push more than half of L.A. cities into business-unfriendly territory, survey reports.
REAL ESTATE: Buyer of CIM property jolted by designation.
The buyer of a Hollywood apartment just built by CIM Group was surprised to learn it was rent controlled.
Amyn Sachedina hopes to make cut with men at his 18|8 outpost.
Former engineer Amyn Sachedina now hopes to build a career as an operator of salons for men.
LawTake.com lets lawyers pursue clients with advice videos.
Suzanne Natbony’s LawTake.com lets attorneys frame themselves for clients with advisory videos.
Ben Stapleton opened his first bar last month, Barrel Down, a beer hall at 525 W. Seventh St. in downtown L.A.’s Financial District.
News and notes from communities across Los Angeles County
Iris.TV, a downtown L.A. streaming video company, received a $5.3 million funding round from investors including Truckee’s Sierra Wasatch Capital and New York’s BDMI, among others.
AUTOMOTIVE: Dealerships’ margins have taken back seat as incentives, low interest rates have revved up business.
Dealerships have been riding a steady rise in sales, but incentives and low interest rates have driven down margins.
BIOTECH: Ritter rings up $20 million for lactose intolerance treatment.
Lactose intolerance drug developer Ritter Pharmaceuticals’ IPO settles down Wall Street.
MARIJUANA: Range of nonsmoking products light fire under shop sales.
Concentrates help pot dispensaries cut through the smoke by providing different intake options.
FINANCE: Long-term deal with Wal-Mart helps boost Green Dot stock, prospects.
Renewal of Wal-Mart deal pays off in stock spike for debit card company Green Dot.
MANUFACTURING: Equity plan proposed as Wham-O creditors say owed millions.
Frisbee maker Wham-O Marketing plans to spin off some equity to boost the debt-loaded firm.
FUNERAL: Alison Bossert’s Final Bow to plan upscale farewells for famous.
A former Sony Pictures Entertainment executive is drawing on her experience running major entertainment events to launch a business planning classy funerals for the famous.
INTERNET: PingTank says boy will help photo app reach core kid audience.
It’s no secret that tech startups are often staffed with loads of young employees. But one local app developer is raising (or is that lowering?) the bar when it comes to hiring executives who can relate to teens.
SECURITY: Jeffer Mangels says high-profile incidents have helped spur business.
Nobody is safe from hackers, a fact evidenced again this month when the federal Office of Personnel Management confirmed that its network had been breached.
TRANSPORTATION: Lyft will get special service zones at Beverly Center.
Shopping at the Beverly Center in Beverly Hills and need a Lyft?
Investors who moved early to roll up community banks left slim pickings for those looking to join market.
Investors who got a jump on rolling up small banks left little for those now looking to vault into sector.
Regulators still steer parties toward purchasing institutions rather than chartering new ones.
Calendar of events
ACQUISITION: Karney pays $37 million for business park with two buildings.
Karney Management Co., a Brentwood firm run by Aliza Karney Guren and her sister, Susanna Karney Flaster, has set its sights on Culver City.
Charles Crumpley serves up some tough numbers to restaurants on customer satisfaction, courtesy of a survey.
State’s cap-and-trade program to cut greenhouse gases taking $2.2 billion but giving few operational answers.
Business wants California to clear the air on how its cap-and-trade program will operate, writes Tracy Rafter.
Employers should unlock the formerly incarcerated as hiring options, according to Annie Lyles.
TECHNOLOGY: Science credits system for successes such as Dollar Shave Club.
Science has moved beyond an incubator model to help entrepreneurs hatch successful companies.
INVESTMENT: $69 million round for Calhoun includes first institutional backing.
Calhoun Vision Inc.’s future just got a whole lot brighter.