Los Angeles Business Journal

LABJ WEEKLY EDITION

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

Los Angeles Magazine May Have to Page New Owner

MEDIA: Parent Emmis may go private and sell print holdings.

Suitor for parent of Los Angeles magazine intends to break up with print publications.

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Paying Price?

DINING: Restaurants hit with lawsuit over health care surcharge.

Price-fixing lawsuit accuses high-end restaurants of cooking up health care surcharge.

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Cyberattacks Click With Criminals

INTERNET: Hospital’s payout may have spurred ransom hacks.

Ransomware attack on medical center may have nursed cybercriminals’ interest in such hacks.

Home-Sharing Disturbs Hotels

Hoteliers and unions team up over their reservations about home-sharing businesses.

Marketer Helps Stars Tap Shine

Hawke Media carves niche by helping celebs launch their business ventures.

Hawke Media helps stars channel celebrity power into their business ventures.

Program Pushes Green Guidance

Nonprofit teaches custodians practices that translate into lower-cost maintenance.

Green Janitor Education Program pitched to building owners as means to save green.

Events Connect Downtown

Kennedy Wilson broker Justin Weiss, 35, began hosting his No Networking Allowed Young Downtown Party in 2008 for friends working in the area who were bored of networking events that felt like job interviews.

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

SHIPPING: Bankruptcy of Hanjin could hurt tide of cargo at Long Beach port.

Embattled South Korean cargo container carrier Hanjin Shipping Co. Ltd. should soon know whether it will avoid bankruptcy as it approaches a Sept. 4 deadline for its $1.1 billion liquidity plan.

Threat of Fire Hot Topic for L.A. Cargo Movers

SHIPPING: Blue Cut blaze shutdowns didn’t last long but dry area poses risks.

Rail and freeway shutdowns by the Blue Cut Fire highlighted risks in fire- and quake-prone Los Angeles.

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Immigrant Developer Rebuilt Life in Los Angeles

REAL ESTATE: Late exec Jona Goldrich, 88, found success with apartments.

Developer Goldrich Kest hopes to build on the legacy of late co-founder Jona Goldrich.

Rights Manager Makes Case for Digital Control

INTERNET: BMG wins verdict against ISP Cox for not banning scofflaws.

Rights manager BMG’s legal victory may only court more questions about content control.

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Macy’s Looks to Join Downtown’s Scene at Hip

RETAIL: Chain repositions store for young, educated residents; tourist shoppers.

Macy’s refashions downtown store with eye toward revitalizing chain’s prospects.

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Hedge Fund Puts Money On Dating Site Operator

INVESTMENT: Peak6 takes controlling stake in Spark, owner of ChristianMingle.

Hedge fund Peak6 seals deal with dating site operator Spark Networks for controlling stake.

Entertainment Firm Pulls Plug on Cable Venture

TV: Participant turns away from Pivot, axing shows, laying off division’s staff.

Jeff Skoll’s social impact entertainment company Participant Media is pivoting away from its cable television effort three years after launching.

Business Association Has Big Booster Seat to Fill

NONPROFIT: Departure of Carol Schatz leads to long list of traits for successor.

After Carol Schatz announced earlier this year that she would retire from her post as chief executive of downtown’s Central City Association, the business group’s board hired Glendale executive search firm Morris & Berger to recruit potential successor candidates.

Shoemaker Hopes to Step Up Under New Owner

FOOTWEAR: Sole Society looks to global expansion as part of Camuto Group.

Online retailer Sole Society of Culver City is fashioning a bigger footprint with the help of footwear powerhouse Camuto Group.

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Kobe Bryant Now Aims to Score as Investor with $100 Million Fund

Kobe Bryant wants his second act to overshadow his first.

Calendar

Calendar of events

Conventions

Upcoming conventions

Vineyard-Winery Owner Says Time Ripe for Sale

LISTING: Barry Goldfarb seeking $12.8 million for property in Santa Clarita.

When Barry Goldfarb needs a change of scenery, he can drive a half-hour from his Bel Air home to the 90-acre Agua Dulce estate in Santa Clarita.

Some Businesses Game for Challenge

The only constant in business is change, and companies that can adapt to both threats and opportunities are best positioned for success.

Finding Way Forward

Turn to socialist solutions threatens self-reliance, high standard of living

Michael Levine fears socialist solutions to public problems will diminish Americans’ self-reliance.

Finding Way Forward

Smart public policies primary key for boosting people out of poverty

Smart policy decisions not personal grit help lift people out of poverty, writes Chris Tilly.

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Spaced Out

Downtown loses ground in parking cost battle

Development in downtown is driving up parking costs as spaces disappear.

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Fitness Pioneer Big on Bespoke

EXERCISE: Boutique Barry’s scales up offerings at studio.

Barry’s Bootcamp looks to step up in the boutique fitness space with added amenities.

Big Payoffs No Longer Safe Bet for Casinos

GAMING: Firm makes play for younger crowd.

Gamblit puts money on mobile titles as a means to draw millennials to casinos.