LABJ WEEKLY EDITION
As 2014 came to an end, the San Gabriel Valley industrial market continued to profit from low vacancies and little availability, a one-two punch expected to place upward pressure on rental rates and sale prices throughout this year.
The industrial-flex market continued to command the spotlight in the Santa Clarita Valley in 2014, while the office sector turned in another steady performance to close out the year.
The Tri-Cities office submarket showed notable improvement in the fourth quarter as Pasadena reported positive net absorption for the first time all year.
The fourth quarter was a picture of continued health for the South Bay’s strong industrial market, less so for office properties.
Upcoming local events
Downtown’s new quest to develop a bigger retail sector may be stalled by lack of parking, Charles Crumpley writes.
Belkin International Inc. is looking to expand its smart-home offerings to products that gauge energy and water usage. So the Business Journal asks:
Have you purchased any “Internet of Things” products to control home functions through an app?
Scam artists exploit language barrier to take advantage of business owners with limited English skills.
Steve McFarland speaks up in defense of business owners who are victimized for their lack of English-language skills.
Joel Epstein wants the public and private sectors to get moving on easing Silicon Beach traffic.
YP, formerly Yellow Pages, has been hiring in a bid to boost its Internet advertising business. So the Business Journal asks:
Is hiring sales reps to sell online ads an outdated way to compete in 2015?
PR exec looks to revive career after prison stint
Once-hard-charging Doug Dowie looks to get his career and life back on track after prison sentence for fraud.
ADVERTISING: Firm prefers personal touch for online ads.
YP, formerly Yellow Pages, believes online ad placement still calls for a human sales staff.
law: Class-action attorney shifts focus to only wealthy investors.
Recent rulings limiting shareholder lawsuits spur class-action attorney to change focus.
SHIPPING: Megaships mean less revenue for per-ship servicers.
Larger ships are cutting down their trips to the ports and the revenue of businesses that charge by the trip.
JW Marriott stages action movie to help produce more business.
L.A. Live’s JW Marriott heads in a new promotional direction with action film “Two Bellhops.”
Measurement device at Cedars-Sinai aims to nurture kids’ health.
Cedars-Sinai Medical Center looks to scale infant nutrition issues with its device measuring baby fat.
Queen Mary to host toymaker’s miniature take on fabled ship.
Model of the Queen Mary prepares to drop anchor at its life-size inspiration in Long Beach.
Barry Knudson is expecting his first child in March with his wife, Kelsi. But before the baby arrives, Knudson, a beer enthusiast and casual home-brewer, concocted one more memorable batch: a spicy India pale ale.
News and notes from communities across Los Angeles County
Design Award: Pasadena’s Jacobs Engineering Group Inc. has been honored with the Army Corp of Engineers’ highest award for its design of the Mission Training Complex at Fort Bragg in North Carolina.
veterinary: VCA expands health care offerings for pets as owners shell out more for treatments postrecession.
Owners’ increased spending on pets has treated VCA to a sharp rise in stock price.
energy: Shares tumble after California Resources plans production cutbacks.
Report of idled derricks doesn’t sit well with investors in California Resources Corp.
TECHNOLOGY: Chet Pipkin talks Belkin International’s expanded offerings.
Belkin International’s Chet Pipkin discusses how he connects customers to smart homes
LAW: California requires attorneys to charge clients after modifications obtained.
Some attorneys still wrongly seek upfront fees while courting customers for home-loan modifications.
INTERNET: Soteria says it has lock on evaluating risk of threats to celebrities.
Soteria Intelligence looks to help clients play it safe with the company’s online-threat assessment service.
TV: Brad Wald details his role in scoring ‘Downton’ branding opportunities.
Marketing exec Brad Wald knew “Downton Abbey”-branded merchandise would prove a class act.