Los Angeles Business Journal

LABJ WEEKLY EDITION

Audio Engineering School Sounds Out New Home

LEASE: SAE Institute to move across Hollywood to former Kodak property.

February home and condo sales in Los Angeles County by ZIP code.

Up for the Count

Charles Crumpley looks forward to the day he won’t hear the same bleak numbers at L.A. luncheons.

Staying in The Picture

Should there be more tax credits for L.A. TV and film production?

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Deep L.A. Roots

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.

New Chapter For Spiritual Bookstore

Owner says niche focus on mysticism may bring second site.

The spirit moved a former insurance attorney to open Mystic Journey Bookstore in Venice.

List Website Hopes It Has Your Number

Ranker takes Yelp-like ratings beyond just hotels, restaurants.

List-making website Ranker hopes it rates the description “a Yelp for everything else.”

Sound Plan For Biking Enthusiasts

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.

Lawyer Takes His Case to the Whisky

Mark Sullivan is a senior litigation paralegal for Century City law firm Cox Castle & Nicholson. He’s also the firm’s resident rocker.

Regional Report

Ixia, a Calabasas computer networking software developer, has received a notice of noncompliance from Nasdaq after failing to file its third quarter earnings.

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Overseas Appeals

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.

Drug Developer’s Promotions Generate Bad Buzz

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.

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Firm Builds Tech Bridge Between Asia, Middle East

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.

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Water Purification Business Cleans Up in Pickup

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.

Hotel-Focused Design Firm Sees Room in L.A.

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.

Former Thrift Officially Vaults Into Banking World

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.

News of the Week

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.

Data Bank Calendar

An upcoming calendar of events.

Data Bank Conventions

Upcoming local conventions.

Pasadena Properties Maintain Pull With Buyers

ACQUISITION: Saunders picks up former AT&T building for $82 million.

Pasadena office properties have lately proved popular investments.

Oil Giant Dug Its Own Hole

COMMENT

Charles Crumpley notes that fracking opponents don’t trust Occidental Petroleum and seconds the emotion.

Reader Forum: Locked Out On Evictions?

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?

Pumped-Up Radicalism

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.

Herbalife Foe Reaps Democrats’ Liberal Assistance

OP-ED

Bill Gunderson shares the story of how Democratic operatives were enlisted to short Herbalife stock.

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Businesses Still Battle Disability Suits

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.

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Merchandisers Work in Concert

MUSIC: Merger gets two former competitors in sync.

Ex-rivals Cinder Block and BandMerch cue up merger to boost their merchandising business.

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Old Ford Factory May Shift Gears

REAL ESTATE: Site seen as likely mixed-use development.

Plans for former Ford plant could rev up downtown L.A.’s Arts District.