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

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

ENTERTAINMENT: Anime Expo turns into big draw for animation, comics fans.

Anime Expo, the largest annual Japanese popular culture event in the United States, will get underway on Friday at the Los Angeles Convention Center and is expected to pump $68 million into the local economy.

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End of Times?

REAL ESTATE: Plan calls for demolition of newer portion of site.

Onni Group may press some space at the Los Angeles Times complex into retail and office use.

Awards Show Producer May Prove Prize Pickup

MEDIA: Owner to mull deal for Dick Clark Productions.

Eldridge Industries to look at awarding live-events producer Dick Clark Productions to a new owner.

Knockoffs Fight Costly for Firms

Hookah maker Kaloud has found smoking out counterfeiters a heavy drain on its business.

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Kit Maker Aims for Target Boost

DIY business MakersKit hopes industry giant Target’s accelerator will help it think outside boxes.

Labels Stick It To Oenophiles

Delicate Estates offers humorous twist on vintage greeting cards.

Delicate Estates adheres to a humorous spirit with its joke labels that fit on real bottles.

Home Service Gets Cooking

SaltedEats serves up ingredients, instructive videos to customers.

SaltedEats’ videos aim to bring home a new culinary experience to customers’ kitchens.

Time off Works for Exec

The buzz of Los Angeles can sometimes become loud enough that it drowns out the best ideas. That’s why Susan Gates, a founding partner of content marketing agency Redbird Group, makes it a point to get out for at least a few road trips every year.

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Expanded View

Major players now see big money in once small niche of virtual reality

Big bucks and big-name players move into virtual reality with hopes of making real money.

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Video Games in Play for Maker of Mobile Seats

ENTERTAINMENT: Rising interest in e-sport matches draws MediaMation’s aim.

MediaMation looks to position its movie theater motion seats for viewing video-game matches.

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Japan, China Pace Field of Foreign Firms in L.A.

COMMERCE: Swiss-owned companies rank third among employers.

Japanese- and U.K.-owned firms have carved out the biggest presences in Los Angeles.

Wealthiest Angeleno Still Game for Toymaking

MANUFACTURING: Sale of Jakks shares no big deal, says Patrick Soon-Shiong.

Toymaker Jakks may need to raise its game in the wake of sell-offs by investors.

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New FAA Rules Offer Lift to Drone Businesses

AVIATION: Guidelines cut back on requirements for pilots, reduce paperwork.

In a decision that drone filming industry advocates say will relieve regulatory burdens, the Federal Aviation Administration has announced new rules for the commercial use of unmanned aircraft weighing less than 55 pounds.

County Pays Out $20 Million for Rail Property

TRANSIT: Authority had offered Santa Monica less based on use restrictions.

On the heels of the Metro Expo Line opening in May, the Los Angeles County Board of Supervisors quietly approved a nearly $20 million payout to the city of Santa Monica for the parcel of land at the rail line’s terminus.

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Disney Might Face Giant Letdown at Box Office

FILM: Steven Spielberg’s take on Roald Dahl tale ‘BFG’ has little buzz.

Walt Disney Co.’s new film “The BFG,” which stands for “Big Friendly Giant,” looks set for an unfriendly welcome at the box office.

Billionaire Scores $30 Million Stake in Sports Agency

Now that Ron Burkle’s West Hollywood investment firm Yucaipa Cos. has closed a $30 million investment in sports agency Independent Sports and Entertainment, the billionaire is setting to work increasing the earning power of its clients.

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SPECIAL REPORT: Family Offices Offer Special Relationships

Family offices are on the rise, affording the wealthy a more direct relationship with their money.

Calendar

Calendar of events

Conventions

Upcoming conventions

Buyer Thinking Small With Mid-Wilshire Pickup

ACQUISITION: Optimus moves into ‘microunits’ with $2.5 million deal.

Optimus Properties is jumping on the “microunit” trend with its new apartment building. The Century City real estate investment company paid $2.5 million for a Mid-Wilshire building where the 15 units range from 350 to 500 square feet.

Time to Go

With its longtime offices on the market and ripe for redevelopment, it’s time for the Times to look for new digs.

Working Without Borders

Government officials must do more to help U.S. companies connect with overseas entrepreneurs, employees.

U.S. officials must do more to attract and keep talented foreign employees, write Lina Chen and Cody Simms.

NFL Team Easy to Score, Hard to Keep

The history of the Rams includes quite a few hometowns, points out Ted Lux.

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Desert Projects Sweat Election

POLITICS: Businesses want OKs before new presidency.

Companies behind two Mojave projects fear getting sandbagged by change in White House.

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Restaurant Chain Pushes on Prices

DINING: Lemonade sees bigger bills helping to feed expansion.

Investor Butterfly Enterprises is helping get fast-casual chain Lemonade’s expansion up to speed.

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Snapped Up

REAL ESTATE: Snapchat’s network expands to keep pace with message app’s growth.

Snapchat’s plethora of Silicon Beach leases speaks to the messaging app’s continued growth and success.