Los Angeles Business Journal

LABJ WEEKLY EDITION

Dispute Sinks Ocean Eco-Charity

NON-PROFIT: Co-founder sues Schwabs over Suharto land deal.

Co-founders of eco-conscious ocean charity accuse each other of dirty dealing.

Retailers Plan More in Stores

INTERNET: Shops dial into smartphones to offer deals.

InMarket’s app lets retailers send in-store deals to shoppers’ phones to combat “showrooming.”

Business Journal Scoops Honors

AWARDS: National recognition includes trade group’s top prize.

Business Journal wins in seven categories including top honors from national publishers’ association.

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’Net Dreams

Sit ’N Sleep in drive to boost online mattress sales

Sit ’N Sleep gets in bed with a Marina del Rey ad firm in hopes of boosting the mattress dealer’s online presence.

Mouse Looks To Click With Video Gamers

Adesso tries hand at luminescent accessory with flashy iMouse G3.

Adesso says its video-game-focused mouse will also come in handy for general use with computers.

Forming Passage to, From India

Music manager seeks artists who play well in U.S., overseas.

DesiHits looks to cue up Indian musical artists for success in the United States.

New Method Fights Back Against Pain

Dr. Hyun Bae attempts to use stem cells to treat spine problems.

Dr. Hyun Bae is experimenting with stem-cell injections as a backup to treating spine pain.

Goal Was to Have Fun So They Kept Playing

Swagbucks Chief Executive Chuck Davis, an avid soccer fan, enjoyed this summer’s World Cup in person by heading down to Brazil to catch some games.

Regional Report

News and notes from communities across Los Angeles County

FameBit, a 6-month-old Santa Monica startup that connects YouTube video creators with advertisers, has raised a $1.4 million seed round led by Science Inc., 500Startups, DeNA and Machinima founder Allen DeBevoise.

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High-End Lockup

STORAGE: William Warren Group thinks outside box with pricey pickup service and bellhops to move items.

William Warren Group looks to box out rivals by offering high-end services to pick up and carry items.

Wall Street Dials In to TV-Radio Station Owner

MEDIA: Entravision shares lifted in part by Mexico’s World Cup performance.

Entravision’s shares rise on a triple play of World Cup ratings, ad firm acquisition and a Supreme Court ruling.

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Developer to Shed Property as He Scales Tower

REAL ESTATE: Plaza deal comes as Kambiz Hekmat ramps up Westwood project.

Developer sheds Westwood property as he looks to build support for the area’s tallest tower.

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Data Security Company Locks Up Ex-NSA Official

SOFTWARE: Securonix hires federal insider to tout need for tracking behavior.

Securonix brings in former NSA official to help lock down customers for the company’s security products.

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Mother Helping Family Punch Up Bottled Sangria

ALCOHOL: Wine business hopes to tap celeb appeal of Lisa Vanderpump.

Vanderpump Wines and Spirits looks to mix it up in the bottled sangria market with its premium product.

Cartoon Producer Animated About New Direction

TV: Genius Brands revamps management as it looks to boost digital distribution.

Kids entertainment firm Genius Brands International wanted to get smarter, so it overhauled its executive ranks, rebuilt its board and changed its business model.

Range of Apps Look to Ride Uber’s Reputation

BRANDING: Cargomatic among firms tapping service’s image with young people.

Tech companies these days are likening themselves to popular ridesharing app Uber in the hopes of generating buzz about their services.

News of the Week

Last week’s major news from labusinessjournal.com and other sources

Malibu’s city clerk presented the City Council with 1,400 verified signatures from a residential group calling for an ordinance to limit chain stores to 30 percent of any Malibu shopping center.

calendar

Upcoming local events.

conventions

Upcoming local conventions.

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Hitting Hard

Hard-money lending – loans against hard assets such as real estate – is on the rise in Los Angeles.

Hard-money lending is on the rise because banks can’t make certain types of loans and investors are looking for high returns.

Hard-Money Lender Is Now Serving Hard Time

Hard-money lender Ezri Namvar illustrates the risks of getting overleveraged.

AEG Scoops Up Downtown Office Space Whole

LEASE: Former Desmond property offers chance to consolidate outposts.

Downtown L.A. entertainment giant Anschutz Entertainment Group signed a lease last week for the entire office portion of the historic five-story Desmond building in downtown’s South Park district, according to real estate sources.

Classic Approach

Restaurateur Lisa Vanderpump says she takes a classic approach to clothing.

Creative Economy’s Naked Truth

The sacking of Dov Charney points out how creative types still don’t fit well in straight-laced corporate America, Charles Crumpley writes.

Violence In Iraq

Islamic terrorists have pushed from Syria deeply into Iraq, raising questions as to whether the government can protect itself in the absence of American force. So the Business Journal asks:

How concerned are you about Iraq?

Protest Reservations

Calls to boycott Beverly Hills hotels to punish owner sultan of Brunei will only hurt local workers.

Robert H. Kerrigan Jr. lobbies hotel boycotters to rethink their protest of the sultan of Brunei.