Los Angeles Business Journal

LABJ WEEKLY EDITION

Clippers Deal Took Six Days of Sleepless Nights

LAW: Dealmaker gives play by play of fast-break NBA team sale.Attorney Bob Baradaran worked like mad for days to shepherd Shelly Sterling’s sale of the Clippers to Steve Ballmer.

By Matt Pressberg August 25, 2014 midnight   $$ Share
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Hides & Seek

West Hollywood fur ban raises hackles, questions

West Hollywood’s fur ban might only be skin deep as city and shop owners remain unsure of its enforcement.

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Has Oxy Spinoff Settled on Site?

Energy: Long Beach hopes to hold on to business long term.

Long Beach works to pump up its chances of landing the HQ of the offshoot of oil giant Oxy.

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Doughnut Chain Says It’s in Hole

government: Yum Yum seeks more dough for seized shop.

Doughnut chain Yum Yum says it was unfairly boxed out by Metro’s seizure of its shop.

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YouTube Stars Try Next Stage

Internet: Fullscreen live show reels in marketers, screaming teens.

Fullscreen mounts a live production to help its YouTube stars show their stuff to marketers and fans.

Mall Goes With Flow On Fountains

Water back on at Third Street as city weighs conservation options.

Third Street Promenade’s plan to turn off its fountains evaporates over maintenance issues.

Bathrooms To Battle for Seat of Honor

Grove facilities look to blow lids off rivals in national contest.

Grove hopes to clean up with its washrooms in a national restroom

Videos Cast Propositions As Stars

SeePolitical animates ballot measures to educate voters.

SeePolitical elects to educate voters about ballot issues with animated videos on state propositions.

Law of Jungle in Action

Mark Robinson knew when he embarked on an African safari this summer with his wife, Pamela, that he’d get to see all kinds of wildlife up close. But the executive director of Cushman & Wakefield’s Century City real estate brokerage never imagined just how close.

Regional Report

News and notes from communities across Los Angeles County

Industrial Acquisition: West L.A.’s Rexford Industrial Realty Inc. has purchased a Chatsworth industrial property for $30.5 million from Irvine’s LBA Realty.

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Making Moves

entertainment: Stoopid Buddy Stoodios applies stop-motion animation of TV’s ‘Robot Chicken’ to commercial, film jobs.

Stoopid Buddy Stoodios hopes to make a go of stop-motion animation in commercials and movies

Hyped Sci-Fi Shooter Misses Target for Publisher

VIDEO GAMES: Activision shares fall despite ‘Destiny’ setting sales record.

Activision Blizzard’s shares slide after “Destiny” title shoots wide of hoped-for first-day sales.

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Textiles Firm Sports New Fabrics for Activewear

MANUFACTURING: SAS buys new plant, machines to take run at healthy sector.

SAS Textiles sees looming opportunity in making fabric for activewear.

Healthy Snack Maker Sweet on Southern California

FOOD: Popchips to ditch San Francisco headquarters for Playa Vista building.

San Francisco healthy snack maker Popchips has new Playa Vista headquarters in the bag.

Operator of Dating Sites Woos Wall Street, Users

INTERNET: Spark touts staff cuts, board shakeup as means to bolster business.

Dating-site operator Spark Networks cuts staff and revamps board in plan to connect with customers and investors.

Furniture Maker to Bring Online Platform to Table

MANUFACTURING: Nova looks to add shopping site as it targets Chinese market.

Furniture maker Nova couches future in terms of online sales in China.

Pasadena Proves Popular As Center of Enterprise

SURVEY: Almost one-third of city’s tech companies self-identify as B2B.

Andy Wilson, co-chairman of Innovate Pasadena, has for a while had a hunch that his city was home to a number of tech companies focused on the enterprise market.

News of the Week

Last week’s major news from labusinessjournal.com and other sources

Southwest Airlines has kicked off its $508 million redevelopment of Terminal 1 at Los Angeles International Airport, a modernization project expected to bring in 1,500 construction jobs, according to Los Angeles Mayor Eric Garcetti. T

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Take and Give

Lenders compete to help business owners tap dividend recapitalizations for hefty payouts while loading their companies with debt. Once limited, the practice nears record pace.

Bankers take dividend recapitalizations mainstream, letting business owners load up on money while loading their companies with debt.

Dividend Recaps Done by the Numbers

Dividend recaps come down to number-crunching.

calendar

Upcoming calendar of event.

conventions

Upcoming local conventions

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Chinese Investor Makes Move on Burbank Media

ACQUISITION: Property aimed at entertainment tenants sells for $22 million.

Burbank Civic Plaza, a Class A office building in the city’s civic center, has sold to a Chinese investment group for $22 million, or about $287 a square foot.

Customer Still Always Right

Working at customer service pays off for businesses, writes Steve McFarland.

Times Up?

Austin Beutner, a former venture capitalist and city of L.A. deputy mayor, has taken over the Los Angeles Times as publisher and chief executive. So the Business Journal asks:

Do you believe Austin Beutner can revive the Los Angeles Times?

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Northrop Aims to Land Big One

Aerospace: Winning bid for spacecraft could lift entire sector.

A winning bid by Northrop Grumman to develop a space plane could help the local industry take wing.

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Name-Dropping Worked for Bank

finance: New handle offered Cappello new life in court fight.

Investment bank Cappello Capital has gone back to work under a new name after a firm-scuttling lawsuit.