Los Angeles Business Journal

LABJ WEEKLY EDITION

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Geffen Sells Second Malibu Site to Mani Bros.

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.

Tips on How to Pay Staff

California should table a proposal to exempt tipped wait staff from minimum-wage hikes, write Claudia Lopez, Estefanie Lopez and Hassan Del Campo Nicholas.

Second-Half Run

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.

Possible Protections Against Impossible Customers

The impossible customer is a scary possibility for any business, warns Steve McFarland.

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Capital Gain?

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.

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Attorneys Hack Away at Cybersecurity Exposure

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.

Golf Course Owners Still in Hole

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.

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Clothing Firm Stretches Credit

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.

Movie Family Expands Frame

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.

App Has Line On House Calls

Developer says Heal service provides scheduling boost to practitioners, patients.

Smartphone app Heal gives house-call service shot in the arm.

Lawsuit Comes to Reel Life

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.

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Regional Report

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.

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Growth Drive

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.

Facilities Manager Key to Broker’s Stock Bounce

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.

Oil Company Finds Backer but Investors Back Off

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.

Multifamily Veteran Gets New Lease on Career

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.

Collapse of Stock a Game Changer for Toymaker

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.

Judge Scales Back Claims on 840-Pound Emerald

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.

Music Startup Tunes Up Online Platform for Bands

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.

Math-Science Campaign Could Add Up to Job

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.

Business Groups Battle Bill on Schedule Changes

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.

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SPECIAL REPORT: Seeding the Future

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.

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PacMutual Draws Startup With Different Brief

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.