Los Angeles Business Journal

LABJ WEEKLY EDITION

State Must Boost Show Biz’s Role

David M. Smith says state should make a bigger production out of supporting show business.

City of Limits?

L.A.’s school district is largely viewed as inadequate, the freeways are usually undriveable during rush hour, developers still face long waits for permitting and crime remains a concern.

What is the biggest challenge facing Los Angeles?

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Parents Give Birth to Businesses

TECHNOLOGY: Mobile devices open doors to educational products.

TECHNOLOGY: Increase in mobile devices has raised some parents’ interest in producing educational products for kids.

Investors Arrive Seeking Returns

investment: Face time seen as key to cracking L.A. market.

Firms hope the value of having a physical presence in Los Angeles will show up in more business.

Car Lender Eyes Lots of Growth

finance: Westlake expands services to major dealerships.

Subprime auto lender Westlake Financial Services has taken a turn for major dealerships.

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Brewin’ R&D

New rules let UCLA put money into startups

UCLA may graduate to startup investing now that University of California has axed its funding ban.

Beer to Take Wing at Airports

Golden Road crafts special brew as means to boost brand.

Craft brewer Golden Road targets airport distribution to help the brand take off.

Snack Maker Raises Bar Distribution

Company expands into stores with some help from ‘Tonight Show.’

This Bar Saves Lives has sold some chain stores on its charitable fundraising product.

Bakery Still Sweet on Cupcakes

Hotcakes Bakes sees future in bigger space with added items.

Hotcake Bakes believes Angelenos haven’t had their fill of cupcake trend.

OK, Soccer Break’s Over...

Most bank executives wouldn’t brag about how many of their employees were watching sports during the workday. Then there’s Alan Rothenberg.

Regional Report

News and notes from communities across Los Angeles County

Hooked Up: Pasadena’s Jacobs Engineering Group Inc. has completed its acquisition of Federal Network Systems, an Ashburn, Va., provider of communication system technology and services.

Changing Image

ENTERTAINMENT: Visual effects shop Hydraulx also hopes to be known for soundstage, equipment rentals at new HQ.

Visual effects shop Hydraulx hopes to get a lift from soundstage and equipment rental business.

Software Maker Backs Up Strategy With Earnings

TECHNOLOGY: Shares of Simulations Plus climb as firm plans more growth.

Investors stock up on Simulations Plus after the software maker’s strong earnings report.

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Syntho-Lawns Take Root Amid Water Worries

LANDSCAPING: Drought inspires homeowners, HOAs to consider alternatives.

Businesses step into alternative turfs as the drought dries up interest in grass lawns.

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Metal Broker Aims to Take Shine to British Market

GOLD: Rosland Capital to adapt U.S.-centric pitch in hopes of stoking interest.

Expansion into Britain may test the mettle of brokerage Rosland Capital.

Phone-Linked Doorbell Welcomes $4.5 Million

internet: Video-streaming security device pushes right button with investors.

Investors come calling on Bot Home Automation with $4.5 million for its Wi-Fi-enabled video doorbell.

Investment Firm Pulls Into Operator of Gas Stations

RETAIL: Fortress’ deal for Appel-owned United Oil also includes Apro.

Appels pull out of United Oil after the family-founded gas station operator’s sale to Fortress.

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Boutique Hotel Project Checks Into Redondo Beach

development: Work starts on Shade with scheduled opening for November 2015.

Nearly a year after its ceremonial groundbreaking, construction has begun in earnest in Redondo Beach on the second location of Shade, a luxury boutique hotel.

Social Media Platform Looking to Take Credits

ENTERTAINMENT: Website NeonGrid seeks to be IMDb for video, music industries.

Bustling Culver City is home to a number of companies with products and services that bridge the worlds of entertainment and technology.

News of the Week

Last week’s major news from labusinessjournal.com and other sources

New York hedge fund Standard General stepped in to provide $25 million in financial support that will enable American Apparel Inc. to avoid a default.

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Home Field

After post-college graduation break, Jeff Hyland found his niche as broker of L.A.’s biggest estates.

Broker Jeff Hyland has made a home for himself in L.A.’s high-end residential brokerage industry.

calendar

Upcoming local events.

conventions

Upcoming local conventions

Music Company Still in Tune With Santa Monica

LEASE: Universal renews for 10 years in transaction valued at $100 million.

Universal Music Group, the largest music company in the world, has committed to keep its global headquarters in Santa Monica.

Chief Issue for Los Angeles

LAPD Chief Charlie Beck makes the grade with USC President C.L. Max Nikias.

Getting Religion

The Supreme Court ruled that private companies don’t have to meet all requirements of the Affordable Health Care Act if they conflict with the religion.

Was the Hobby Lobby ruling a victory for religious freedom or an intrusion of religion into law?