Los Angeles Business Journal

LABJ WEEKLY EDITION

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Ex-Champ Still in Boxing’s Corner

SPORTS: De La Hoya charts future after ‘fight of century’ fail.

Oscar De La Hoya weighs in with his own plan to win back boxing fans after the Pacquiao-Mayweather flop.

Program Sees Landing Job As Job One

Skillify looks to teach college students how to get foot in doors.

Skillify schools students on the importance of networking and other career builders.

Relief For When Lifting Can’t Wait

Supplement seller SuppNow is pumped up about the prospects of its vending machines in gyms.

Dentist Aims To Clean Up On Airplanes

Jay Grossman hopes sales of tray covers lift his charity work.

Dentist Jay Grossman hopes the sale of pockets for airplane tray tables will help cover his charity work.

No Trouble Pitching Camp to Kids

When Mike McKeever, a senior vice president at Jones Lang LaSalle’s downtown L.A. office, isn’t busy striking real estate deals in L.A’s concrete jungle, he likes to spend time in a real forest.

Regional Report

News and notes from communities across Los Angeles County

K-Swiss Inc., a Westlake Village apparel and footwear company, has acquired One-Distribution, a Fountain Valley skate-inspired apparel and footwear maker, from a group of shareholders including San Mateo private equity firm Bertram Capital.

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In Beds Together

HEALTH CARE: Medical building owner revamps facility to handle rehabilitation patients of Cedars-Sinai, UCLA.

Medical building owner gets Cedars-Sinai and UCLA to check into its property as a rehabilitation facility.

Apparel Firm Turns Mixed Bag Into Stock Spike

CLOTHING: Guess raises guidance after surprising analysts with earnings.

Investors find Guess a good fit after the apparel maker beats earnings expectations and up its guidance.

Cancer Drug’s Little Boost Results in Big Fallout

HEALTH CARE: Puma stock falls 25 percent after report of turbulent clinical trial.

Puma stock takes a big dip after its cancer drug only gives a little boost beyond a placebo in a clinical trial.

DoubleLine Builds Bridge Loans Into Partnership

LENDING: Investment giant teams with Thorofare in pursuit of high yields.

DoubleLine rates Thorofare worthy of a partnership as it as crosses over into bridge loans.

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Hotels Say Sustainable Moves Could Stick Around

HOSPITALITY: Some water cuts have reduced costs, generated more business.

Some hotels have no reservations over limiting water use as moves have cut costs and boosted business.

Veteran Investor at Home With Affordable Housing

REAL ESTATE: Socially conscious impact guides Bobby Turner’s new fund.

Bobby Turner discusses how he homes in on the social impact of his housing investments.

Freight-Forwarder Moves Up, Into Larger Facility

SHIPPING: Icat Logistics credits growth in business for need to take space.

With industrial space at a premium in Los Angeles County, Erik Jolliff can count himself lucky.

Eye Surgeon Looks to Join Board of Lens Maker

GOVERNANCE: Investor makes pitch while picturing Staar in tough position.

An investor in implantable lens maker Staar Surgical Co. is eyeing a seat on the Monrovia firm’s board.

Beach Boys Movie Shored Up Production in L.A.

FILM: Brian Wilson insisted biographical tale include local feel, landmarks.

Beach Boys icon Brian Wilson insisted on just one thing when agreeing to have a new movie made about his life: that it be filmed here in Los Angeles.

Firms Help Collectors Frame Art in Terms of Loans

LENDING: Borrowers can unlock big bucks while still keeping pieces at home.

The capital of media arts is becoming a center for fine arts. Galleries seem to be popping up everywhere from downtown Los Angeles to Venice to West Hollywood.

Calendar

Calendar of events

Conventions

Upcoming conventions

Investor Banks on Class B Office Space in Pasadena

ACQUISITION: Buyer pays $34 million for home to Wells Fargo, other tenants.

Pasadena is heating up. In the latest deal to hit the market, Zurich Alternative Asset Management last week sold its office building at 350 W. Colorado Blvd. for $34 million to an unnamed investment group.

Time to Dig 710 Connection

A tunnel under Alhambra appears the best way to connect the 710 freeway to the 210, digging L.A. out of some traffic snarls, Charles Crumpley opines.

Paying for Wage Hike: City’s Definition of Small Business Means Big Hit for Some Employers

Leron Gubler fears the minimum-wage hike will put a big hurt on L.A. businesses defined as “small.”

Paying for Wage Hike: Impact Will Land in Part on Leases As Retail Chains Will Lose Ground

Jeremy Bagott sees the increase leaving land values in a hole.

STUDY: High Housing Costs Hold Down High Tech

ECONOMY: Anderson Forecast also says sector hurt by education issues.

Despite the tech sector’s buzz, report says expensive housing and educational issues are curbing growth.

Fix in on City’s Sidewalk Care?

GOVERNMENT: L.A. may stick repair bill on properties.

Property owners would like to curb a city of L.A. proposal to make them pay for sidewalk repairs.

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Cochran Name On the Wane?

LAW: Late lawyer’s ex-partner not sure he still wants moniker.

Court victory of former Johnnie Cochran partner allows him to use the Cochran name, but now he’s thinking it might not fit.

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Tipped Scales

Security costs, minimum wage drive off fish distributor

Weary of regulations and homeless costs, Prospect Enterprises’ owner is cutting the line to his fish business.