Los Angeles Business Journal

LABJ WEEKLY EDITION

Regional Report

News and notes from communities across Los Angeles County

Game On: Scopely, a Culver City mobile game and entertainment company, has raised $35 million in a Series A round led by Evolution Media Partners and Highland Capital Partners.

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More Room To Bloom

Life Science: Lab Launch looks to help early stage firms put down L.A. roots.

Life Science: Lab Launch looks to test the real estate market by offering space to house early stage companies.

Drug Maker’s Stock Falls After Death of Patient

Biotech: CytRx’s drop shows risk of allowing use outside clinical trials.

Biotech: Shares of CytRx fall after death of cancer patient using company’s drug outside of clinical trials.

Doctors Claim Malpractice in Condo Development

Real Estate: Trio says they lost almost $1 million in Koreatown project.

Real Estate: Three doctors say they were shortchanged after checking out of a Koreatown condo development.

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Bottleneck at Ports Has Importers Taking Flight

Shipping: High volume, labor unrest drive freight forwarders to take to skies.

Shipping: Freight-forwarder UTi says air freight has taken off in response to a backlog at the ports.

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Will Holiday Season Bring Deal for Mall Operator?

Real Estate: Recent stock moves by Macerich spur talk of acquisition.

Real Estate: Macerich’s stock deals may mean the mall operator is preparing for a sale – of itself.

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Ex-FM Talk Show Host Dialed Into Fans Online

Radio: Tom Leykis finds success with subscriptions after switch to Internet.

Radio: Former FM talk-show host Tom Leykis has channeled a subscription model into success online.

Cable Channel Cues Up More Live Music Events

Media & Entertainment: AXS looks to tap co-owner AEG’s festival connections for shows.

AXS TV, a fledgling cable channel that counts downtown L.A.’s Anschutz Entertainment Group as an owner, is doubling down on its music festival programming.

Businesses May Take Crack at Streets, Sidewalks

Regulation & Policy: Property owners weigh creation of districts to pay for repair work.

Taxing yourself more for things that your city ought to be doing already might seem ludicrous at first glance, but when it comes to fixing streets and sidewalks, some major commercial and retail property owners in Los Angeles seem open to the idea.

News of the Week

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

Fuji Food Products Inc., a Santa Fe Springs company that makes packaged sushi, plans to open a manufacturing plant in the Chicago suburbs.

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Conventions

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the labj stock index

Market diary

Stocks did a whole lot of nothing during the week ended Nov. 19, as investors held steady after the Federal Reserve released minutes from its October meeting.

Canadian Buyer High on Downtown L.A. Tower

Real Estate: Onni deal Beacon’s second in market in last two months.

A 17-story office building in downtown Los Angeles sold earlier this month for an as-yet undisclosed price.

Brand, New Problems

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Comment: Charles Crumpley wonders if American Apparel is losing its strong brand.

Healthy Defense of Lawmaker

Irving Reifman defends Rep. Henry Waxman’s oversight of the health care industry during his time in Congress.

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Tale of Two Cities on Wage Hike

LABOR: L.A.’s increase could cost employers in Culver City.

Culver City businesses fear they will have to pay to keep up with L.A.’s proposed minimum-wage increase.

Show-Biz Scribe Acts to Diversify

The Wrap saw its lead role in online show-business reporting diminish as paper rivals made the jump.

Walk of Fame Steps Up on Tech Front

Chamber hopes new star-guide app shines with tourists.

Hollywood Chamber of Commerce hopes its Walk of Fame star-guide app has legs with visitors.

Mystery Key To Event’s Attraction

Guests get 60 minutes, clues to figure way out of Escape Room L.A.

Interactive attraction Escape Room L.A.’s 60-minute mystery puts participants on the clock.

Travel Has Vintage Appeal

When Grant Kirkpatrick, partner at architecture firm Kirkpatrick Architects in Marina del Rey, decided to make his four-acre plot of land in Paso Robles into a vineyard seven years ago, his wife, Shaya, had an idea.

Regional Report

News and notes from communities across Los Angeles County

Cybergrowth: El Segundo-based Aggregage, an online publisher of business-to-business sites such as Supply Chain Brief for logistics and 3D Print Pulse for 3-D printing, has raised $1 million in a convertible note round.

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Message Received

INTERNET: Oracle vet Justin Nelson connects with TigerText’s focus on secure-messaging phone app for health care sector.

Oracle vet says he joined TigerText because it’s the right type of secured messaging for the health care sector.

Brokerage’s Liquidation Business Makes Splash

INVESTMENT: B. Riley’s shares climb on strong earnings after merger.

B. Riley sees positive returns on Wall Street from the broker’s liquidation business.

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Grocer Hoping for Long Shelf Life on Internet

ONLINE: Thrive plans to deliver with natural foods sold at wholesale prices.

Thrive Market hopes its Amazon-style delivery clicks with shoppers.

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Calling Names Can Lead to Costly Online Battles

INTERNET: DirecTV fought to stop rival Dish from acquiring dot-direct domain.

Satellite provider DirecTV scuttled rival Dish’s attempt to nab the dot-direct domain name. (Sidebar: Attorneys will have to prove their case for scoring a dot-law address.)