LABJ WEEKLY EDITION
INVESTMENT: Price for beachfront multifamily shatters per-unit record.
Billionaire entertainment titan David Geffen and West Hollywood investor Mani Bros. Real Estate Group have continued their Malibu swapathon.
California should table a proposal to exempt tipped wait staff from minimum-wage hikes, write Claudia Lopez, Estefanie Lopez and Hassan Del Campo Nicholas.
Life’s midpoint offers baby boomers opportunity to evaluate, refocus personal, career priorities.
Rod Stewart sees life’s second half as full of promise for baby boomers.
The impossible customer is a scary possibility for any business, warns Steve McFarland.
FINANCE: Local tech executives divided over whether changes to crowdfunding rules will pay off in more money for startups.
Local tech execs are split on whether new crowdfunding rules will link startups with investors.
LAW: Attack on Sony spurs business for field that had taken while to click.
Computer attack on Sony has helped cybersecurity attorneys bring new business on line.
REAL ESTATE: Ex-Lehman exec among partners back in Chapter 11.
Lack of green forces Malibu Golf Club’s debt-laden ownership to file for Chapter 11, again.
FASHION: Suppliers in fits as American Apparel strays on pay.
Late payments and smaller orders have suppliers questioning the depth of American Apparel’s pockets.
Auction of Goldwyns’ art collection offers look into life of ‘Hollywood royalty.’
Family looks to make a scene with auction of works collected by Hollywood legend Samuel Goldwyn Jr.
Developer says Heal service provides scheduling boost to practitioners, patients.
Smartphone app Heal gives house-call service shot in the arm.
When Brentwood lawyer E. Randol “Randy” Schoenberg decided to help a family friend retrieve a painting stolen by the Nazis during World War II, some joked that the tale could be made into a movie.
News and notes from communities across Los Angeles County
PBB Bancorp, the parent of downtown L.A.’s Premier Business Bank, has joined the over-the-counter banking marketplace.
DEVELOPMENT: Can the BID behind Third Street Promenade steer Lincoln Boulevard businesses to similar success?
BID behind Third Street Promenade looks to put Lincoln Boulevard’s businesses on the map.
REAL ESTATE: CBRE’s deal for GWS opens door to steady revenue stream.
Interest in CBRE’s stock picks up with the broker’s acquisition of a facilities management company.
ENERGY: BreitBurn’s plan to cut distribution trumps $1 billion investment.
$1 billion investment in BreitBurn fails to light a fire under shares of the oil and gas company.
REAL ESTATE: Robert Hart discusses starting own firm, appeal of Class B apartments.
Multifamily maven Robert Hart discusses his move into his own investment firm and why he thinks lower-end apartments are top notch.
MANUFACTURING: Mattel faces new investors, volatility with loss of large-cap status.
Stock erosion for Barbie maker Mattel drops its market cap below that of rival Hasbro.
LITIGATION: Setback for Brazil moves ownership fight closer to conclusion.
A long-running legal battle over ownership of the world’s largest emerald – a tale with more twists than a pulp novel – appears to be nearing a resolution.
INTERNET: WorldArts hits stage at South by Southwest festival to push service.
Culver City startup WorldArts Media Inc. is trying to fill a similar role to the one occupied by Myspace Music in the mid-2000s by giving bands an online platform to promote themselves, post a variety of content and interact with fans.
EMPLOYMENT: Team One uses educational promotion to learn about applicants.
Ad agency Team One in Playa Vista wants its new round of job applicants to ditch the traditional process of submitting a resume.
RETAIL: State lawmaker pushes penalties for chains that don’t provide notice.
It’s shaping up as one of the biggest battles between business and labor in Sacramento this year: AB 357, brought by Assemblyman David Chiu, D-San Francisco, would enact a “Retail Workers Bill of Rights” modeled on a law recently passed in San Francisco.
A rush of angel and VC investment in L.A. means fast times for local tech startups, but speedbumps for the region’s once-hot accelerators.
An expanded field of seed money options is powering up startups while forcing accelerators to shift strategy gears.
Calendar of events
LEASING: Proximity to courts, creative space lure white-collar defense firm.
Downtown L.A.’s PacMutual building, which has been repositioned to appeal to creative office tenants, last month signed its second-largest lease with an unexpected tenant: a new law firm.