Los Angeles Business Journal


Will That Monet Fade Away?

Conservation specialist devises index to assess risk for collectors.

Emily MacDonald-Korth’s index system lets collectors frame the value of paintings and other works.

In a Family Way

In less than a year, David Fletcher went from being a single guy to married with two children.

Regional Report

News and notes from communities across Los Angeles County

Woodland Hills’ CGI Strategies in Real Estate has acquired a Franklin Village apartment building for $12.3 million from limited liability corporation Villa Carlotta. Built in 1926, the 50-unit, four-story Villa Carlotta totals 45,644 square feet.

Burning Issue

SAFETY: Sunseeker transforms aerospace coating into line of fire-resistant products.

Sunseeker hopes landing a U.S. Forest Service deal can turn its fire-resistant products into hot properties.

Freight Forwarder’s Shares Advance on Wall Street

SHIPPING: UTi’s new IT system wins over investors despite poor quarter.

UTi’s new IT system helps the freight forwarder make up ground with investors.

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Pizza Chain Decision Puts Box Around Lawsuits

DINING: Domino’s case lays out when franchisees’ workers can sue franchisers.

Decision in Domino’s lawsuit delivers protections for franchisers against lawsuits by franchisees’ workers.

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Data Analyzer Looks to Grow Its Client Numbers

Marketing: Retail sites no longer sole focus of business for Retention Science.

Retention Science looks to get a hold on new sectors for its customer-evaluation data services.

Venture Capital Veterans Put Money on New Firm

INVESTMENT: Duo launch Basepoint to build future away from Rustic Canyon.

Rustic Canyon partners aren’t scared to bid the firm’s brand farewell as they carve out a future as Bravepoint.

Anti-Gang Program Hits Streets in Food Truck

dining: Mobile operation latest rehabilitation venture from Homeboy Industries.

Homeboy Industries, a downtown L.A. anti-gang program, is hitting the road.

News of the Week

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

Snapchat co-founders Evan Spiegel and Robert Murphy settled an ownership dispute with Frank Reginald Brown, a former Stanford fraternity brother who claimed to be behind the idea that sparked the disappearing picture app.


Upcoming calendar of events.


Upcoming local conventions.

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Carwash Buyer Arrested for Money-Laundering

LEGAL: Investor among group accused in alleged drug cartel scheme.

A downtown L.A. investor who recently purchased a prominent South Park development site was among those arrested last week when federal agents raided the Fashion District in connection with an alleged money-laundering scheme for international drug cartels.

Bill Breaks Chain of Responsibility

Gary Toebben says proposed state legislation on subcontractors would pass the buck on employer responsibility.

Paper Chase

Some local financial executives talked about how the lack of a big-school business degree has impacted their career. So the Business Journal asks:

How important is a degree from an elite school for those who aspire to reach the top of their profession?

Minimum Thought

Mayor Garcetti’s push to increase wages plays to his constituents but will only hurt L.A. businesses.

P. Jacob Yadegar wants to lower the boom on Mayor Eric Garcetti’s proposal to raise the minimum wage.

School District Digs Hole on Subway

Joel Epstein doesn’t dig the Beverly Hills school district using construction bond money to fight plans for a subway.

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Taking Off

L.A. manufacturers get lift from Chinese growth

Trade: Rising middle class in China is helping sell local exporters on the communist country as a valuable market.

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Business Wages War Over Hike

Politics: Minimum-pay raise feared as too much for city.

Politics: Business groups hope to minimize the damage from a proposed minimum-wage hike in the city of Los Angeles.

Lender Steers Way to Texas

Banking: Hanmi joins rivals in chasing out-of-state growth.

Banking: Koreatown’s Hanmi is in a state of expansion with its acquisition of Texas’ United Central.

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Redondo Pursues Tourist Beach Head

Development: City fights wave of resistance to waterfront projects.

Development: Redondo Beach still works to shore up its waterfront despite some local activists making waves.

Helping Get Over Bridge Work

Port-commissioned app to help drivers with Desmond project.

Internet Long Beach port builds bridge to future with app to help navigate traffic during Gerald Desmond work.

Ferrari Looks To Rev Up Rodeo Drive

Merchants hope auto display will help fuel sales even after event.

Automotive: Ferrari looks to drive shoppers to Beverly Hills’ Rodeo with anniversary-marking car display.

Restaurant Aims to Hold Block Party

Rock & Brews brings Tegu toys to table as attraction for kids.

Dining: Rock & Brews adds magnetic toy blocks to menu to pull in kids and parents.

Rough Road for Family

Ari Bass was one of many L.A. dads who spent a couple weeks in August driving a van on a family vacation.

Regional Report

News and notes from communities across Los Angeles County

Hinshaw & Culbertson, a Chicago-based law firm, is merging with downtown L.A.-based Barger & Wolen.