Los Angeles Business Journal

LABJ WEEKLY EDITION

Hitting Turbulence at LAX

All USC sociology professor Manuel Pastor wanted to do was catch some Z’s before having to give a keynote speech at the annual meeting of the National Alliance of Community Economic Development Associations in Cleveland a couple of weeks back.

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Academy Looks to Spread out Emmys Action with Three Award Nights

TV: Academy looks to spread out Emmys action with three award nights.

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Jewelry Wholesaler Takes Shine to Flagship Shop

RETAIL: Dogeared forges $25 million in yearly sales with simple necklaces.

Jewelry wholesaler Dogeared’s efforts to polish its line’s prospects include a brick-and-mortar outpost.

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Business Groups Take Bruising From State Bills

POLITICS: Measures seen as ‘job killers’ include wage hike, farm overtime.

Business groups had a hit-and-miss session in laying to rest state “job killer” bills.

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New Tower in Downtown Piles Up Office Space

REAL ESTATE: Skyscraper Wilshire Grand facing challenges on leasing front.

Towering Wilshire Grand Center could prove a tall order to fill in downtown’s office market.

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Streaming Services Make Local Production Splash

TV: Need for programs at digital platforms channels pilots to L.A.’s facilities.

Content demand from streaming services has taken a lead role in boosting local pilot production.

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Broadcasters Set to Tackle Rams’ Regular Season

SPORTS: Local offerings include new radio show with coach Jeff Fisher.

The Los Angeles Rams are ready for regular season football – and so are its broadcast partners.

New Practice Speaks to Ex-California Governor

CONSULTING: Pete Wilson splits Morgan Lewis for Browne George Ross gig.

Former California Gov. Pete Wilson is setting up a consulting practice at Century City law firm Browne George Ross, leaving downtown’s Morgan Lewis & Bockius shortly after coming onboard during that firm’s takeover of now-defunct Bingham McCutcheon.

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Private Equity Firm Opts for Dough, Sells Stake in Pretzel Chain

Levine Leichtman Capital Partners, a Beverly Hills private equity firm, cashed in its chips – or pretzels – when it sold its majority stake in Pasadena pretzel chain Wetzel’s Pretzels to CenterOak Partners, a Dallas private equity firm.

Calendar

Calendar of events

Conventions

Upcoming conventions

San Francisco Buyer Scales Palms Office Tower

ACQUISITION: Swig pays $68.2 million to expand presence in Los Angeles.

The Sepulveda Center, a shiny blue tower in Palms emblazoned with the TrueCar Inc. logo, has been sold to San Francisco real estate investment firm Swig Co.

High Reward, High Risk

The tallest tower in the West offers risk for its developer, but makes a significant statement about Los Angeles.

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Magazine Gets Pot Ready for Hollywood Close-Up

MEDIA: High Times to launch outpost with eye on legalization.

Pot magazine High Times plans L.A. office to potentially tap budding recreational use in California.

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Record Sale Could Cost House of Bijan Home

Last Rodeo?

House of Bijan could be left homeless on Rodeo Drive as the new owner may tear down its storefront.

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Nontraditional Gets Workout

EMPLOYMENT: L.A. County fertile field for self-employed.

Entertainment and shipping industries have boosted Los Angeles as a home to nontraditional jobs.

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Social Media Pet Project Goes to Dogs

HelloSociety to enlist four-legged influencers for brand marketing.

HelloSociety hopes to collar famous pets for use in social media marketing campaigns.

Ad Campaign Helps Size Up Rams Players

Art Machine pumps up team’s biggest stars with billboard series.

Art Machine’s billboard campaign positions Rams’ biggest stars to scale Los Angeles.

Games Still on for PR Vet

It was 16 years ago that Charley Cullen Walters touched down in Sydney as a college student about to spend the school year studying abroad.

A Look Ahead: What’s on the agenda for Los Angeles business in the coming week

LAW: New courthouse set to open after judges made federal case for facility.

Construction on the new $340 million federal courthouse in downtown is complete, but the process of moving legal documents, dozens of judges, and more than one hundred staff members into the shiny 10-story silver cube is just beginning.

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Ports Awash in Bankrupt Shipping Line’s Cargo

TRADE: Hanjin’s collapse could prove big blow to Long Beach operations.

Bankruptcy of Hanjin Shipping leaves cargo shipments adrift at ports.

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Wave of Holiday Business Has Yet to Hit Ports

SHIPPING: Strike fallout, shakeup in retail outlook contribute to slowdown.

Slowdown in retail orders has put the brakes on the traditionally active holiday season for cargo movers.

Drug Developer Given $45 Million Shot in Arm

BIOTECH: Funding round may position Arrowhead as target for acquisition.

Drug developer Arrowhead gets $45 million funding infusion from industry investors.

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Augmented Reality Helmet Heads Into Industrial

TECHNOLOGY: Daqri sees product guiding workers through variety of jobs.

Daqri pitches its augmented reality Smart Helmet as a good fit for engineering and industrial jobs.

Agency Searches Online for Lasting Influencers

MARKETING: Galore links female social media stars, brands in long-term deals.

Galore Media thinks long term in its efforts to link female social media influencers with brands.

Suitor Makes Headlines Chasing Paper’s Owner

MEDIA: Gannett improves tronc offer, boosting battle to run Los Angeles Times.

Gannett refuses to turn page on tronc pursuit, boosting offer for parent of Los Angeles Times.