Los Angeles Business Journal


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

TECHNOLOGY: Summit to spotlight diversity among local industry ventures.

From virtual reality to drones, raising capital to marketing a startup, the upcoming L.A. Tech Summit in Santa Monica will explore the far-flung corners of the local tech industry.

Tease photo

Veteran Investors Step Up to Plate With E-Sports

INTERNET: Peter Guber-led acquisition of Team Liquid could prove game-changer.

Peter Guber has drafted a veteran team of investors in his move into the e-sports field

Tease photo

Hanjin’s Empties Pile Up Despite Slowdown in Long Beach

Port Works to Keep Cargo Containers in Check

Pier pressure mounts at ports as Hanjin Shipping’s emptied containers begin to stack up.

Tease photo

High-End Stores Face Rocky Road

DEVELOPMENT: Repairs to street could hinder access to Golden Triangle shops.

Beverly Hills shop owners fear doing poorly during road reconstruction near a ritzy retail strip.

Recovery Drive Yielded Deal for Auto Parts Firm

Transamerican Auto Parts is shifting into high gear after revving its way out of financial turmoil.

Tease photo

Agency Plans to Pick Up Pace on Acquiring Firms

ADVERTISING: Number of targets for Engage:BDR bumped up to 15 from 12.

Engage:BDR is completely committed to buying firms to round out its offerings to clients.

Oil Companies Seek to Hold Ground on Drilling

ENERGY: Rule changes by city of L.A. include hike in cost of permit process.

A trade group representing small local oil producers is upset over changes to the city of L.A.’s drilling permit regulations and wants those changes rolled back.

Tease photo

Solar Firm Plans Record-Breaking Hot Property

ENERGY: SolarReserve’s project would be world’s largest thermal facility.

SolarReserve last week announced it is aiming to build a $5 billion, 10-tower solar thermal project – the largest such facility in the world – on a plot of land in Nye County, about 225 miles northwest of Las Vegas.

Deals of the Week: A look at the companies that signed on the dotted line last week

Food giant’s investment feeds confidence of faux meat maker

Tyson Foods Inc.’s purchase of a 5 percent stake in Beyond Meat last week was hailed as an affirmation by the El Segundo-based company’s chief executive, Ethan Brown.

SPECIAL REPORT: Prized Possessions

Legal victory by Los Angeles County could shut door on property owners avoiding payment of transfer taxes – as well as dodging reassessments – by using holding companies, trusts as ownership vehicles

Legal win by Los Angeles County regarding the ownership transfer in a multifamily sale could open the door to more property reassessments.

Tease photo

SPECIAL REPORT: Tech Industry Charges Up Office Market

The L.A. office market saw a solid third quarter, with the vacancy rate narrowing to 14.8 percent from 16.2 percent in the same period last year, according to data from Jones Lang LaSalle.

SPECIAL REPORT: Downtown Los Angeles

Downtown’s office vacancy rate fell slightly in the third quarter, to 16.3 percent from 16.4 percent in the prior quarter, and compared with 18.2 percent in the same quarter a year ago.


Hollywood’s office vacancy rate dropped in the third quarter, falling to 27.6 percent from 28.7 percent in the prior quarter, but is still almost twice the 14.2 percent of the year-earlier period.


The Westside’s office vacancy rate decreased slightly in the third quarter, reaching 13.6 percent from 13.7 percent in the prior quarter, and compared with 14.5 percent in the year-earlier period.

SPECIAL REPORT: Santa Clarita Valley

The Santa Clarita Valley’s office vacancy rate rose, reaching 11.5 percent from 11.2 percent in the prior quarter, and compared with 13 percent in the year-earlier period.

SPECIAL REPORT: San Fernando Valley

The San Fernando Valley’s office vacancy rate dropped slightly in the third quarter to 13.3 percent from 13.4 percent in the prior quarter and compared with 14.3 percent a year earlier.


The office vacancy rate in the Tri-Cities had no change in the third quarter, staying at 12.3 percent, compared with 14.2 percent in the same period in 2015

SPECIAL REPORT: Wilshire Corridor

The Wilshire Corridor’s office vacancy rate stayed fairly flat in the third quarter, dipping to 18.3 percent from 18.5 percent in the prior quarter, and compared with 19.9 percent in the year-earlier period


The South Bay’s industrial vacancy rate rose in the third quarter to 0.8 percent from 0.6 percent in the prior quarter. The market saw 3.1 million square feet of sales and leasing activity, with 2.3 million square feet under construction.

SPECIAL REPORT: San Gabriel Valley

The San Gabriel Valley’s industrial vacancy rate increased to 0.7 percent from 0.6 percent in the prior quarter. Roughly 2.8 million square feet were leased and sold, up from 1.9 million square feet in the second quarter.


Calendar of events


Upcoming conventions

Coming and Going

Our reader poll this week asks whether one of L.A.’s few unicorns, Honest Co., should continue to look for an acquirer, as has been reported, or pursue an exit through a public offering.

Tease photo

Bag Company Command Packaging Got Early Jump on Recycled Plastic

Ban Wagon

Plastic bag maker moved early to get a handle on recycled content requirements.

Show Schedule Ready for Fall?

TV: Downward pressure on ad rates may curtail production.

Decreasing ad rates may finally pull the plug on the run-up in production of scripted shows.

Tease photo

Advertising Agency Supermoon Starts Fresh Mission

ADVERTISING: New name, execs help guide Supermoon.

Veteran agency hits the trail for campaigns with a new name and executive leadership.