Los Angeles Business Journal

LABJ WEEKLY EDITION

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Labor Buds

Pot shop staffers build buzz for union’s local

Enrollment of pot shop employees lights fire under United Food and Commercial Workers’ local.

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Stores Look to Take Back Streets

REGULATION: Owners hope to limit legalization of rival vendors.

Brick-and-mortar shops hope to curb a push in the city of Los Angeles to legalize street vending.

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Hospital Owner In Recovery Mode Is Drawing Suitors

Daughters of Charity Health System gets a shot in the arm from Medicaid as it still pursues a sale of its hospitals.

Sun Screen Seeks Exposure

Sun Shield looks for hand from Special Olympics by setting dispensers at events.

Sun Shield teams with the Special Olympics, hoping people take a shine to its sun-screen dispensers.

Shoes Put Foot Down on Pain

Tanya Heath Paris products step in to allow customers to switch heel sizes, colors.

Shoe brand Tanya Heath Paris helps women step away from foot pain with switchable heels.

Watered-Down Cycling Vacation

Lauren Haas will never again misunderstand the meaning of “water resistant.”

Regional Report

News and notes from communities across Los Angeles County

Response Genetics Inc., an East L.A. maker of diagnostic tests, was delisted from the Nasdaq Capital Market last week and began trading on the Over-the-Counter market.

Wall Street Takes Interest in Mortgage Investor

FINANCE: Anworth shares rise as rate increase by Fed seen as unlikely.

Anworth Mortgage Asset Corp.’s shares climb as Fed shows little interest in raising rates.

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Ex-Home Broker Now Sold on Shopping Centers

REAL ESTATE: Household name Fred Sands explains transition to retail investing.

Former home broker Fred Sands is now getting his name out there as an investor in shopping centers.

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Executives Work to Keep Special Olympics on Track

SPORTS: Competition will be largest L.A. event since Olympic Games in 1984.

Special Olympics World Games board discusses the challenges of L.A.’s biggest sporting event since the ’84 Olympics.

Litigation Firm Cools on Hiring Summer Interns

EMPLOYMENT: Cuts by Quinn Emanuel spurred by cost, resistant clients.

Downtown L.A.’s Quinn Emanuel Urquhart & Sullivan is shaking up its business model for the second time this year.

Zombie Program Could Live With Misleading Title

TV: Fake name helped ‘Dead’ prequel production remain low profile in L.A.

A spinoff series to TV’s wildly popular zombie show “The Walking Dead” has been secretly filming in Los Angeles under a fake title.

Accelerator Vets Speed Way to Another Startup

SOFTWARE: Duo launched Replicated after selling off chat service Look.io.

Tech accelerators in Silicon Beach such as Amplify.LA have done their best to fortify and bolster the local technology industry over the last few years by providing new companies with seed money, office space, mentorship, and networking with VCs and other entrepreneurs.

City Sends Up Smoke Signals on Tougher Rules

TOBACCO: L.A. mulls new penalties for cig sales to minors, in-shop smoking

Local tobacco retailers and smoke lounges are warily eyeing the rollout by Los Angeles City Attorney Mike Feuer of tougher enforcement standards aimed at preventing sales of tobacco products to minors and protecting workers from secondhand smoke.

Calendar

Calendar of events

Conventions

Upcoming conventions

Brentwood Apartments Deal in Record Territory

ACQUISITION: $1 million-a-unit price sets new high for nonbeach property.

A Spanish revival-style apartment complex in Brentwood traded hands last week for more than $1 million a unit, the highest price per unit ever paid for an L.A. multifamily building not near a beach.

It’s a Matter of Street Smarts

Legalized street vending might lower prices and increase entrepreneurship and Charles Crumpley wonders if Los Angeles could stomach that.

Water-Proof Proposal

Californians must break from pack of group think and take plunge on desalination to ease drought.

Noel Anenberg urges parched Californians to toughen up and dive into desalination.

Parents Homed In on School Option

Home-schooling is making the grade with parents seeking alternatives to the public system, writes Aaron Smith.

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Playing Rough

INTERNET: Content firms contend pirated videos on Facebook’s platform could cost them millions of views, dollars.

Facebook’s video platform doesn’t play well with content owners who say they are losing money and viewers.

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Shocking Image

Billionaire owner of FilmOn X shakes up media industry with bid to move TV online.

FilmOn X looks to get a line on streaming live network TV shows by claiming it’s a cable service provider.

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Staff Terminations Land Satellite Launcher in Court

AEROSPACE: Plaintiffs say SpaceX violated state law on giving proper notice.

Former employees fire off lawsuits after being let go by satellite launcher SpaceX.

Geeks Are Chic In Hollywood

ENTERTAINMENT: Film, TV projects woo Comic-Con nerds.

Hollywood flocks to Comic-Con because the nerds there take a super-size role in generating buzz for films.

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Under the Skin

Façades help buildings with energy costs, lighting

Those flashy building façades going up around town have a practical purpose: boosting energy efficiency.

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Markets Adopt Orphan Drugs

HEALTH CARE: Developers see shares surge despite risks.

Arrowhead Research is among the firms carving out a niche developing drugs for a small customer base.