LABJ WEEKLY EDITION
David M. Smith says state should make a bigger production out of supporting show business.
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?
TECHNOLOGY: Mobile devices open doors to educational products.
TECHNOLOGY: Increase in mobile devices has raised some parents’ interest in producing educational products for kids.
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.
finance: Westlake expands services to major dealerships.
Subprime auto lender Westlake Financial Services has taken a turn for major dealerships.
New rules let UCLA put money into startups
UCLA may graduate to startup investing now that University of California has axed its funding ban.
Golden Road crafts special brew as means to boost brand.
Craft brewer Golden Road targets airport distribution to help the brand take off.
Company expands into stores with some help from ‘Tonight Show.’
This Bar Saves Lives has sold some chain stores on its charitable fundraising product.
Hotcakes Bakes sees future in bigger space with added items.
Hotcake Bakes believes Angelenos haven’t had their fill of cupcake trend.
Most bank executives wouldn’t brag about how many of their employees were watching sports during the workday. Then there’s Alan Rothenberg.
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.
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.
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.
LANDSCAPING: Drought inspires homeowners, HOAs to consider alternatives.
Businesses step into alternative turfs as the drought dries up interest in grass lawns.
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.
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.
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.
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.
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.
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.
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.
Upcoming local events.
Upcoming local conventions
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.
LAPD Chief Charlie Beck makes the grade with USC President C.L. Max Nikias.
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?