Los Angeles Business Journal

LABJ WEEKLY EDITION

Café Has Role to Play At Movie Lot

Homeboy casts former gang members in new light at Culver Studios.

Culver Studios hopes to serve Homeboy Industries’ gang-reform goals by opening Homegirl Café.

ArchitectureEmployees Go Distance

HansonLA staff sizes up styles on walk from downtown to beach.

HansonLA has new staff walk from downtown to the beach to gain street smarts on L.A. styles.

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Dog Walkers Unleashed On Malls

Zingy collars deal with Westfield to offer service to shoppers.

Zingy teams with mall owner Westfield to sell shoppers on its dog-walking service.

Vinyl Collection a Record Undertaking

Manar Afghani, founder of Long Beach audio visual production company Visual Sound, never thought his love of vinyl records would result in a collection of more than 25,000 LPs and 45s.

Regional Report

News and notes from communities across Los Angeles County

Kitchen Bath Collection, a maker and importer of kitchen, dining and bathroom products, has signed a 10-year lease valued at $3.2 million for 48,500 square feet of industrial space in Torrance.

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Sold on Future

REAL ESTATE: Small business Big Block Media has bought in to the idea of owning its office space despite risks.

Entertainment firm Big Block Media risks paying the price if its decision to buy rather than lease office space doesn’t work out.

Theater Operator Packs Them In on Wall Street

FILM: Record-breaking quarter powers up shares of Reading International.

Theater operator Reading International has the right ticket with investors after a record-setting quarter.

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Revived Hospital Checks In With New Image, Staff

HEALTH CARE: CEO says deadly past did not hamper MLK’s hiring campaign.

Martin Luther King Jr. Community Hospital nursed new image to land staff.

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Clothing Maker Out of Fashion On Wall Street

MANUFACTURING: Shares of American Apparel slide with bad credit, sales news.

American Apparel shares tumble as mounting credit and sales woes point toward a bankruptcy filing.

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Investors Come Together For M&A Adviser’s IPO

FINANCE: Public debut turns into profitable day for Houlihan’s parent.

Investors unite behind IPO for mergers and acquisitions adviser Houlihan Lokey.

Bicycle Enthusiasts Open Spot to Peddle Lifestyle

RETAIL: Wheelhouse will feature coffee shop as well as biking accessories.

Before they married, Chase and Tami Spenst spent a lot of time biking around the Historic Core, and in the process fell in love with downtown Los Angeles.

Lender Vaults Into Growth Mode With First Pickup

ACQUISITION: Preferred takes New York institution with Chinese connection.

Downtown L.A.’s Preferred Bank had never made an acquisition in its nearly 24-year history. But in a New York minute, that all changed.

Imaging Firm Likes Look of New Jersey Prospects

DIAGNOSTICS: RadNet pockets $35.5 million in 10-center sale to network.

In yet another example of how Obamacare is reshaping the health care industry, Westwood diagnostic imaging firm RadNet Inc. has doubled down on a joint venture in New Jersey with Barnabas Health, the Garden State’s largest health system.

Calendar

Calendar of events

Conventions

Upcoming conventions

Shored-Up Office Property Sells for $53 Million

ACQUISITION: Developer duo spent $3.5 million to upgrade Sunset & PCH.

Lincoln Property Co. and Linwood Investments have sold a 103,800-square-foot, Class A creative office campus in Pacific Palisades to New York real estate equity firm Brickman for $53 million, or roughly $500 a square foot.

Taxis Losing Fare Fight

What ridesharing companies are doing to taxis isn’t fair, Charles Crumpley writes. But business isn’t supposed to be fair.

Picking Up Pace on Ridesharing

Improving transit options should be driving concern in City Council vote to open LAX to Lyft, Uber, others.

Mike Bonin wants Los Angeles to get rideshare services rolling at LAX.

‘Illegal’ Wordplay Only Means Bad Policy

Huntington Park has crossed the line by naming “illegal immigrants” to city commissions, writes John Mirisch.

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Addressing Web

Google’s ABC.xyz yields busy spell for URL firm

Google’s use of ABC.xyz for its Alphabet iteration turns into red-letter day for URL firm.

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Radio Turns Ear to On Demand

MEDIA: Podcast One dials up dollars with rise in ads, audience.

Podcast One channels interest in on-demand content into a $12 million investment from Hubbard Radio.

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Refreshed Image

Twenty20 takes shot at stock-photo business with catalog drawn from users’ cellphones.

Twenty20 takes on rivals with a focus on images sourced from social media.

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SEC Charges Remain Drain on Generator Firm

INVESTMENT: Settled case still hampers Aura’s quest for capital.

Aura says a settled SEC case still has the generator maker coming up short in its hunt for capital.

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Dialed In, Up

Fired Piolin now calls shots in return to radio

Eddie “Piolin” Sotelo has turned up the volume, in terms of both listeners and ad revenue, in his return to the airwaves.

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City Sizes Up Downtown Development

REAL ESTATE: Proposal would ease live-work space minimum.

Developers see small opening in Arts District with city’s proposed minimum requirement for live-work space.

New Megabank Likely Won’t Be Big on Change

CIT and OneWest executives say they will bank on staying the course now that the institutions have merged.