Los Angeles Business Journal

LABJ WEEKLY EDITION

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Pet Store Unleashes Cannabis

Pussy & Pooch offers treats it claims can calm animals’ nerves.

Pussy & Pooch looks to build buzz around THC-free cannabis treats as a way to soothe dogs.

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Director’s Epic Find for New Western

Quentin Tarantino used ‘Ben-Hur’ lenses to shoot ‘Hateful.’

Quentin Tarantino took the camera lenses used for “Ben-Hur” out for a ride on his Western “ The Hateful Eight.”

Never Say Never to Neverland Ranch

When Elizabeth Taylor married Larry Fortensky at Michael Jackson’s Neverland Ranch in 1991, Trip Haenisch was one of the members of her wedding party.

Regional Report

News and notes from communities across Los Angeles County

Soylent, producer of an engineered product, is moving its downtown L.A. headquarters, signing a lease for 16,400 square feet of space at Broadway Media Center.

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Product Placement

BEAUTY: Skin care firms flesh out strategy to keep items from unapproved sellers.

Skin care company Murad is fighting to end the shelf life of its products being sold by unapproved vendors.

Jeans Maker’s Shares Zip Up on CEO Selection

FASHION: Victor Herrero’s Asian ties could help Guess pocket more business.

Clothing company Guess’ announcement of its new CEO proves tailor-made to investors’ liking.

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Going Well

CBRE Group sets up new HQ as home base to push building standard program for offices.

CBRE Group says Well Building standards help the office environment work for its employees.

China’s Stock Market Bust May Break L.A.’s Way

INVESTMENT: Analysts see exchange’s drop resulting in more money sent here.

Analysts see China’s market crash possibly spurring investors there to stock up on L.A. assets.

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Bank Looks to Unlock Value With Public Offering

INVESTMENT: Vet execs at Houlihan Lokey may seek opportunity to cash out.

Longtime execs could be banking on Houlihan Lokey’s planned IPO as a chance to cash out.

Yoga Clothing Maker Stretches Into New Location

APPAREL: Co-owner says domestic manufacturing boosts YogaSmoga brand.

Athletic apparel brand YogaSmoga is based in New York, but some of its manufacturing – and now all of its growth – is happening in Southern California.

Hospital Operator Nurses Patient Volume, Revenue

EXPANSION: Keck Medical sees growth as industry copes with Obamacare.

Keck Medicine has been growing. A lot.

Co-Founders Go With Grains at Filipino Eatery

DINING: Ricebar co-owners serve fast-casual lunches to local business crowd.

When chef Charles Olalia came back to Los Angeles after getting married in his native Philippines, he decided to start cooking more dishes that reminded him of home.

Regulators Look at Alleged Collaboration of Banks

LENDING: City National, RBC must wait until after merger to work together.

When downtown L.A.’s City National Bank agreed to merge with Toronto’s Royal Bank of Canada, City National Chief Executive Russell Goldsmith said the deal would let his bank do more for its customers by leveraging RBC’s much bigger balance sheet.

REAL ESTATE QUARTERLY: Seeds of Growth

Developers look to reap benefits from zoning change in downtown L.A.’s Cornfields area that gives projects break on parking space.

Projects are plowing into L.A.’s Cornfields, near downtown, to take advantage of zoning changes unique to the area.

REAL ESTATE QUARTERLY: Developers Frame Projects for Artists’ Community

Developers look to get Lincoln Heights off the ground as the next affordable, “undiscovered” market.

REAL ESTATE QUARTERLY: Tenants’ Race for Space Reaches Prerecession Pace

Tenants leased up more office space in Los Angeles County last quarter than they had since before the recession.

REAL ESTATE QUARTERLY: Law, Engineering Firms Help Hold Down Vacancies With Big Deals

A number of large lease deals defined the second-quarter office submarket in downtown Los Angeles.

REAL ESTATE QUARTERLY: Submarket Still Developing With 1.1 Million Square Feet Under Way

Continued interest and activity in Hollywood made it the tightest office submarket in Los Angeles County last quarter.

REAL ESTATE QUARTERLY: Rental Rates Continue to Rise as Beverly Hills Reaches New Record

Westside landlords continued to lick their chops in the second quarter as demand for office space outstripped supply for another quarter.

REAL ESTATE QUARTERLY: Increased Residential Density Has Commercial Tenants Homing In

Headline-watchers might be eyeing all the development in downtown Los Angeles, but savvy tenants seeking affordable space with a growing residential population and increasingly easy access to other parts of the city are focused on Wilshire Corridor.

REAL ESTATE QUARTERLY: Landlords Dial Back on Perks; Investors Pick Up Acquisition Pace

The San Fernando Valley’s commercial submarkets remained heated in the second quarter despite widespread rate-creep continuing to affect tenant costs in the office sector.

REAL ESTATE QUARTERLY: Companies Sign Up for Long Term as Industrial Rents Head Up

Stability was the order of the day in San Gabriel Valley, where second-quarter commercial real estate activity retained its robust postrecession pace.

REAL ESTATE QUARTERLY: Submarket’s Class A Pickings Dwindle With No Projects on Way

What happens where there is nowhere to go?

REAL ESTATE QUARTERLY: Arrival of Pasadena Office Complex Offsets Healthy Lease Activity

A large new office complex hitting the market in Pasadena made the Tri-Cities office submarket look depleted last quarter despite some significant lease deals.

REAL ESTATE QUARTERLY: Recovering Economy Boosts Already Mighty Industrial Strength

Years of dismal activity in the South Bay office market finally gave way to good news in the second quarter as rents rose, vacancies declined and much more space was absorbed.

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