Los Angeles Business Journal

LABJ WEEKLY EDITION

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Designs on Growth

ENGINEERING: Parsons puts together new business plan based around standalone units in bid to boost revenue.

Parsons splits its business into five standalone units as part of a new blueprint for growth.

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Hanging in There

L.A. denim makers still look to button up future in jeans despite rise of athletic wear.

Denim makers remain confident in a future thick with jeans despite the surging popularity of athletic wear.

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Soccer Team Taking Field

The return of pro football’s Rams won’t alter the way new soccer franchise LAFC will shoot for fan base.

Marketer Sticks With Faddish Products

RETAIL: Noah Bremen has had hits with Snuggies, ThighMasters.

Noah Bremen’s Bdirect works to extend the shelf life of fad items such as Snuggie blankets and Razor scooters.

Firm Digs In On Gas Wells

Termo airs out its intention to expand its facility in Aliso Canyon despite fallout over the gas leak there.

Hack of Sony Big Break For Security Firm

DZ Solutions locks up new showbiz clients with low-cost service.

The hack of Sony studios played a big role in landing showbiz clients for security firm DZ Solutions.

Game Maker’s House Home To Big Score

Creator of ‘Minecraft’ to donate $400,000 in furniture to charities.

Video-game maker Markus Persson has homed in on nonprofits in giving away more than $400,000 in furniture from his new mansion.

Mall’s Events Shooting For Moon, Asians

Beverly Center plans offerings to help ring in Lunar New Year.

Beverly Center hopes to ring up sales at its shops with special events to ring in the Lunar New Year.

Side Gig Offers Bass-Line Satisfaction

Andrew Thomas, 44, says he enjoys nothing more than the sight of a dance floor filled with women and men grooving to the beat.

Regional Report

News and notes from communities across Los Angeles County

Century City private equity firm OpenGate Capital has acquired power transformer manufacturer Power Partners Inc. of Athens, Ga., from PPI Inc., a manufacturing company with related holdings.

Investors Take Shine to Silver, Gold Wholesaler

METALS: A-Mark has seen shares soar despite overall turmoil in stock markets.

A-Mark’s stock has soared as the gold and silver wholesaler has raised the bars with investors.

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Front, Center

Downtown L.A. booster Carol Schatz sees area’s strides as opportunity to step back.

Central City Association’s Carol Schatz thinks downtown will prove its mettle by boosting L.A.’s Olympic bid.

Actor Takes Cut to Hear Filmmakers Call ‘Action!’

MOVIES: Chance to work with Coen brothers worth reduced paycheck for many.

Starring in a movie alongside superstars George Clooney, Scarlett Johansson and Channing Tatum would normally be a chance for a big payday.

Nail Care Firm Gets Dramatic With Partnership

BEAUTY: OPI taps actress Kerry Washington for hand in creating names, shades.

OPI Products Inc., a North Hollywood nail products firm, is getting the celebrity treatment.

Developers Don’t See ‘Mansionization’ as Big Deal

REAL ESTATE: Businesses fear restrictions on lot size would lock out projects.

Developers are speaking out against city efforts to curb “mansionization” – the expanding size of homes in single-family residential neighborhoods.

New Fund to Put Its Dollars on Foreign Currencies

INVESTMENT: DoubleLine to pursue debt issued by governments across globe.

Downtown L.A. investment manager DoubleLine Capital has been getting attention for all the investor cash its funds have been garnering – its open-end mutual funds posted net inflows of $1.03 billion last month, marking 23 straight months of inflows.

SPECIAL REPORT: Office Market Closes Year Strong; Tight Space Lifts Industrial Rents

An overview of real estate activity in Los Angeles County in the fourth quarter, broken down in three categories: office, retail and industrial.

Calendar

Calendar of events

Conventions

Upcoming conventions

Oscar ‘Race’ a Global Issue

Charles Crumpley opines on why no black actors were nominated for Oscars.

SPECIAL REPORT: Downtown Los Angeles

Downtown Los Angeles is in the midst of a remarkable renaissance, with retail, residential and hospitality development driving the transformation – and the office market is finally showing signs of joining the resurgence as well.

SPECIAL REPORT: Hollywood

While downtown L.A.’s Arts District has received a lot of recent fanfare, Hollywood remains the core of the entertainment industry and the place most sought after by tenants and investors.

SPECIAL REPORT: Westside

Strong demand from creative, tech and media tenants continued in the fourth quarter with rental rates for open, innovative office space among the highest in Los Angeles County.

Santa Clarita Valley

The Santa Clarita office market continues to remain very tight, with Class A vacancy at 6.6 percent.

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Powering Up

Faraday’s electric cars may hit hurdles on road

Some industry analysts question the map Faraday Future is following to produce electric cars.

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Incubator’s Seaside Links Help Shore Up Clients

TECHNOLOGY: PortTech’s connections valued more than ability to land funding.

Client firms of PortTech Los Angeles hope to buoy their business with the incubator’s seaside connections.