LABJ WEEKLY EDITION
LEASE: SAE Institute to move across Hollywood to former Kodak property.
February home and condo sales in Los Angeles County by ZIP code.
Charles Crumpley looks forward to the day he won’t hear the same bleak numbers at L.A. luncheons.
Should there be more tax credits for L.A. TV and film production?
BUSINESS PERSONS OF THE YEAR: Agribusiness billionaires Stewart and Lynda Resnick have planted themselves at heart of philanthropic, cultural scenes.
Agribusiness billionaires Lynda and Stewart Resnick have branched out into supporting L.A.’s philanthropic and arts scenes.
Owner says niche focus on mysticism may bring second site.
The spirit moved a former insurance attorney to open Mystic Journey Bookstore in Venice.
Ranker takes Yelp-like ratings beyond just hotels, restaurants.
List-making website Ranker hopes it rates the description “a Yelp for everything else.”
15-year-old peddles mounted stereo device that holds iPhone.
15-year-old Benji Miller wants cyclists to take his hands-free stereo device for a spin.
Mark Sullivan is a senior litigation paralegal for Century City law firm Cox Castle & Nicholson. He’s also the firm’s resident rocker.
Ixia, a Calabasas computer networking software developer, has received a notice of noncompliance from Nasdaq after failing to file its third quarter earnings.
LAW: Gibson Dunn touts recent Latin American wins for Dole, Chevron as it courts more work from multinationals.
Recent court victories for Dole and Chevron are helping Gibson Dunn make its case for more international work.
HEALTH CARE: Shares of CytRx drop over issues of alleged stock touting.
Concern over stock promotions spurs investors to check out of drug developer CytRx.
INVESTMENT: DPL taps South Korean money to back Israeli startups.
Trio gives birth to $50 million fund that will nurse Israeli life sciences startups with South Korean money.
TECHNOLOGY: NanoH2O bought for $200 million by South Korea’s LG Chem.
NanoH2O’s sea water desalinization process makes a splash with South Korea’s LG Chem.
HOSPITALITY: Hong Kong’s Vadi hopes to hook up here with Chinese developers.
Design firm hopes to translate Hong Kong experience into L.A. work with Chinese hotel developers.
LENDING: OneWest’s switch in charter could presage initial public offering.
It’s official: Pasadena’s OneWest Bank actually is a bank. And now Los Angeles County’s third largest by assets.
Last week’s major news from labusinessjournal.com and other sources
American Apparel Inc. said that it would be late filing its year-end report with the Securities and Exchange Commission because the company needs to focus on more urgent issues and that its changing situation could affect the annual report.
An upcoming calendar of events.
Upcoming local conventions.
ACQUISITION: Saunders picks up former AT&T building for $82 million.
Pasadena office properties have lately proved popular investments.
Charles Crumpley notes that fracking opponents don’t trust Occidental Petroleum and seconds the emotion.
FORUM: State bill AB 2045 could grant cities with rent control ordinances the ability to stop landlords from evicting tenants in order to sell a property or convert it to condos.
Should landlords be further restricted in their right to evict for sale or conversion?
OP-ED: Activists invoke word ‘fracking’ to get Los Angeles City Council to ban oil industry in city limits.
Los Angeles City Council has broken new ground on fracking panic with a potential ban on oil drilling, writes Dave Quast.
Bill Gunderson shares the story of how Democratic operatives were enlisted to short Herbalife stock.
LAW: Plaintiff attorneys raise costs by going straight to filing.
Reform intended to curb abuse of the Americans With Disabilities Act has not stopped business owners from being sued multiple times for the same infraction.
MUSIC: Merger gets two former competitors in sync.
Ex-rivals Cinder Block and BandMerch cue up merger to boost their merchandising business.
REAL ESTATE: Site seen as likely mixed-use development.
Plans for former Ford plant could rev up downtown L.A.’s Arts District.