LABJ WEEKLY EDITION
Terrell Mathews had never ridden a bicycle more than a couple of miles at a time – on flat ground while riding a beach cruiser, no less.
News and notes from communities across Los Angeles County
ParkMe, a Santa Monica parking services firm, has been acquired by Inrix Inc., a Kirkland, Wash., provider of real-time traffic information and driving service.
REAL ESTATE: Apartment owner Admire Hill steps back from condo conversion project despite downtown L.A.’s demand.
Owner of downtown L.A. apartment property suddenly hesitates to move into condo conversion.
FASHION: Giant retailer’s plan to ax branded line cuts into Cherokee’s stock.
Cherokee’s shares tumble upon news that retailer Target will end the shelf life of the licenser’s branded line.
NONPROFIT: New projects follow Nicolas Berggruen’s focus on governance.
Nicolas Berggruen discusses how his institute’s focus on governance guided him to establish a new center and $1 million prize.
COFFEE: Farmer Bros. sees shares climb after quarter’s numbers top expectations.
Farmer Bros.’ cup runneth over on Wall Street after its quarterly earnings beat analysts’ expectations.
ENTERTAINMENT: Movie stars play increased role in channels’ content plans.
Older film actresses find new life on the small screen as the market for original content continues to mature.
GROCERY: Sites shuttered by other companies offer business room to expand.
Grocers like Haggen Inc. might have had a tough time expanding into Los Angeles, but Emeryville chain Grocery Outlet Bargain Market hopes to be a mainstay.
INTERNET: Eugene Ryu’s document platform added by Littler Mendelson.
Labor and employment law firm Littler Mendelson this month unveiled a new online tool designed to provide California employers with ready-made template documents to expedite some of the legal paperwork businesses are often required to complete.
TV: Actor Rob Lowe says he’d prefer boys to cast their lots in law, medicine.
Not every parent wants their children to follow them into the family business, and screen star Rob Lowe said that he did all he could to direct his two sons away from acting.
INTERNET: Broker believes Digital Media could pull in more than $4 million.
If you’ve ever wanted to own a piece of Los Angeles, now’s your chance to buy the name – online anyway.
Firms such as AST Defeasance expect to see business climb when Fed finally hikes rates.
Federal Reserve’s interest-rate boost, when it comes, could put businesses such as AST Defeasance in the money.
Calendar of events
LISTING: L.A. properties could push value of deal beyond $250 million.
Albertsons Cos. Inc. has put two huge Los Angeles County distribution centers up for sale.
The FTC’s weird obsession with phantom monopolies caused the Haggen grocery disaster, Charles Crumpley opines.
City of Los Angeles should relent in its crackdown on family-minded entrepreneurs while issue decided.
Joaquin Montes-Huerta and Alvaro Huerta want Los Angeles to give street vendors their space.
A recent climate summit in California highlights how the state helped put the issue on the map, writes Ted Craver.
Hyperloop firms take different funding paths
Elon Musk’s proposal for hyperloop travel has two local firms heading down different roads to funding.
Super League Gaming scores partnerships with theaters to host video-game matches.
Super League Gaming partners with theaters to raise the curtain on its video-game competitions.
GAS: Prices at pump stay up as ExxonMobil plant stays down.
ExxonMobil’s restricted refinery has only fueled local pain at the pumps from California’s towering prices.
MEDIA: Tribune Publishing worth a fraction of BuzzFeed.
Print not so fine as firing of Los Angeles Times’ CEO points to problems at paper’s parent and with industry.
PUBLICITY: Firm beefs up events, egos with paid players.
Crowds on Demand has found real support as a third-party provider of actors to portray picketers and backers of political causes.
Stolen paintings may cost pawnbroker $100,000
Pawnbroker Yossi Dina could be out $100,000 after his brush with some stolen paintings.
Pretty Litter changes color to help track if feline’s feeling fine.
Carly Martinetti thinks inside box with her colored kitty litter that helps track a cat’s health.
Sequoia to mark 18th year serving winners, losers at Emmys ball.
Sequoia Productions is game to go beyond its Emmys and Oscars work to score an Olympics gig.