Los Angeles Business Journal


Pasadena Wades Into Debate On Streaming Levy

Pasadena may tune into streaming video services such as Hulu as a source of tax revenue.

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Power Companies Charge Into Storage Ventures

ENERGY: Tesla’s batteries drive SoCal Edison’s plan for Mira Loma facility.

Tesla’s battery plant for SoCal Edison is part of a wider industry push to put more into storage.

Incubator Hopes to Sow Field of Green Ventures

TECHNOLOGY: Campus to offer 60,000 square feet to eco-conscious businesses.

New incubator hopes to egg on green businesses.

Founder Files Manicure Business Under ‘Guys’

BEAUTY: Michael Elliot’s Hammer & Nails buffs up service for male clientele.

Dudes across the country will now have their very own man cave-like space to get a manicure and pedicure.

Former Solicitor General to Lead Drive in D.C.

EXPANSION: Munger hires Donald Verrilli Jr. to run the firm’s third outpost.

For more than a half-century, downtown’s Munger Tolles & Olson has defied the geographic expansion that many of the firm’s big law competitors used as a mechanism for growth.

Russian Firm’s Bid For Rocket Launcher Comes Under Fire

Deals of the Week: A look at the companies that signed on the dotted line last week

Russian private aviation holding company CJSC S7 Group’s purchase of Sea Launch, a rocket launch company that operates out of the Port of Long Beach, is making waves in the Southern California aerospace industry, with a legal challenge by the Boeing Co. and concerns about the Russian company’s involvement.


Calendar of events


Upcoming Conventions

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Buyer Charged Up Over Electric-Car Storefront

ACQUISITION: Deal grows KLM’s landlord presence at Third Street Promenade.

The sleek storefront that is home to Tesla Motors Inc.’s showroom on Santa Monica’s Third Street Promenade has sold for about $15.6 million, or roughly $5,200 a square foot, to the same company that purchased the Promenade’s Apple store in 2014.

Wrinkle in Time

Three habits seem to portend a long and productive life. The fourth key may be harder to grasp.


Larry Turman has produced 40 feature films and directed two during his career in Hollywood, and he’s also executive produced a number of projects for television.

SPECIAL REPORT: Maryanne Hayashi

Maryanne Hayashi’s Central City Action Committee has offered kids from low-income families in Echo Park homework tutoring and job training, and brought them on field trips for about 45 years.


Dion Neutra has spent 85 of his nearly 90 years in Silver Lake.

SPECIAL REPORT: Jose-Luis Saavedra

Jose-Luis Saavedra founded Tapatio Foods in 1971, creating the recipe for the famous Tapatio hot sauce and selling it internationally.


Howard Ruby invented the corporate housing industry by launching Oakwood in 1968 after completing several other niche residential projects earlier that decade, including the South Bay Clubs for singles.


Jaime Jarrín, the “Spanish voice of the Dodgers,” is one of the most recognizable voices in all of Spanish-language broadcasting.

SPECIAL REPORT: Sister Alice Marie Quinn

St. Vincent Meals on Wheels began with a pot of stew cooked by Sister Alice Marie Quinn for more than 80 senior citizens one night in 1977 while she was working in St. Vincent Medical Center’s dietary department.

SPECIAL REPORT: Dr. George Berci

George Berci started working at Cedars-Sinai in 1970 and helped introduce endoscopic and laparoscopic procedures to a number of fields, including gynecology, urology, and pediatrics.


From a USC professor teaching students about TV and film to a senior director of surgery, the Business Journal spotlights octo- and nonagenarians who refuse to call it quits.

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UPS Signs Largest Industrial Lease in Compton

REAL ESTATE: Hub site offered rare space in SoCal

New Compton megawarehouse proves shipshape for UPS in $44 million lease deal.

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Smoked Out?

Legal weed could test companies’ hiring policies

Legalized recreational weed could put employers’ drug policies to the test.

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Explosion, Crash Shake Up Firms’ Race to Stars

INSURANCE: Rocket policies spread out risk.

A complex system of factors goes into landing coverage for rocket launches.

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Explosion, Crash Shake Up Firms’ Race to Stars

AEROSPACE: Virgin banks on tiny satellites.

Virgin Galactic’s satellite program could be the warm-up to getting its space tourism business off the ground.

Exhibit to Draw On Animation

California Science Center will team up with Pixar to spotlight STEM concepts.

California Science Center enlists Pixar to frame STEM concepts as an exhibit.

Teslas Rev Up Driving Service

MotEV sees high-end cars as means to make inroads with eco-conscious crowd.

Driving firm MotEV has charged into the sector looking to tap positive buzz for Tesla’s electric vehicles.

Broker Goes to Work for Children

Cushman & Wakefield Managing Director Andrew Tashjian has been to Haiti, the Dominican Republic, Mexico, and Colombia. He wasn’t vacationing, but working with Salt Lake City nonprofit Operation Underground Railroad to rescue children from sex traffickers.