Los Angeles Business Journal

LABJ WEEKLY EDITION

Regional Report

News and notes from communities across Los Angeles County

Prospect Medical Holdings Inc., a Westwood health services company, last week reopened Los Angeles Community Hospital at Bellflower (formerly Bellflower Medical Center).

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Organic Growth

GROCERY: Market chain Erewhon lays out expansion plan as it works to cart off customers from rival Whole Foods.

Market chain Erewhon looks to grow organically as a rival to Whole Foods.

Investors Hit Brakes on Online Car Marketplace

AUTOMOTIVE: Lawsuits, weak outlook, dealer feuds hit TrueCar shares.

Investors are quick to drop off shares of online auto marketplace TrueCar after gloomy forecast.

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Packing ’Em In

Loot Crate scores with fan boys despite other e-tailers’ subscription struggles.

Loot Crate thinks outside the e-subscription box with mystery swag pitched at sci-fi and comics nerds.

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Office Properties Leave Room for Hotel Projects

DEVELOPMENT: Sky-high vacancy rate makes LAX area ripe for conversions.

LAX area’s flagging office market could take off courtesy of hotel conversion projects.

Liquor Maker Faces Sobering Distribution Reality

ALCOHOL: Jinro America’s choices few even if it wins suit to ax current contract.

Consolidation among distributors could bottle up options for liquor maker Jinro America – if it can ditch its current deal.

Seed Round Helps Physician Marketer Grow Space

REAL ESTATE: PatientPop jumped to bigger office after $2.1 million raise.

Sometimes a funding round means more breathing room for a startup, quite literally.

Activists Still Hope to Have Say in Bank Merger

LENDING: One foe turns to crowdfunding; group eyes OneWest-CIT’s CRA plan.

San Francisco community activist organization California Reinvestment Coalition and a host of other advocacy groups spent the better part of a year protesting the merger of Pasadena’s OneWest Bank and CIT Group Inc., of Livingston, N.J.

Housing Developer Checks In to Century-Old Hotel

REAL ESTATE: Skid Row trust offers affordable units in $16.5 million project.

The intersection of Fifth and Main, “The Nickel,” was once a destination for those who frequented shady bars, looked for a fix or were just plain down on their luck.

Marketing Firm Hopes Triple Play Scores Clients

EXPANSION: Ignition adds trio of divisions to handle entire campaign process.

Ignition Creative is seeing triple.

Calendar

Calendar of events

Conventions

Upcoming conventions

90210 Hits Record Number in $130 Million Deal

SALE: $1,100-square-foot price highest ever paid for Beverly Hills office space.

Investors love the 90210 ZIP code. And just in case that wasn’t clear, it was highlighted last month when a Beverly Hills office building sold for $1,100 a square foot, the highest per-square-foot price for an office asset the area has seen.

L.A. Tech Deal Flow: July 31

A weekly roundup of must-read L.A. tech investments and acquisitions.

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Reproductive Center Puts Eggs in Events Basket

HEALTH CARE: Clinics’ parties generate heat for freezing services.

Fertility clinic hosts drinking and dining events to deliver customers to its egg-freezing services.

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Cape Crusade In Hollywood

FILM: DC hopes to follow foe Marvel to super-sized box office.

Rival DC hopes to ride Marvel’s cape at the box office by slating a slew of movies featuring its iconic superheroes.

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Troll Toll

Marathon gets inventive to make patents pay

Litigious Marathon Patent Group feels the term “troll” isn’t a suitable description for its money-making business.

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Tech Firm Aims to Link Kids, History

Zypre launches virtual reality treatment of Wright brothers’ flight.

Zypre sees schools as the perfect clients for its virtual reality historical productions.

Giving Starts at Top

When Phenomenex employees in the past decade were challenged to shave their heads or dye their hair splashy colors, Chief Executive Fasha Mahjoor politely declined. But not this time.

Dad Delivers Style Choices For Fathers

Diaper Dude founder looks to raise brand’s product output, profile.

Diaper Dude founder hopes his father-pitched products pop as a lifestyle brand with dads.

Regional Report

News and notes from communities across Los Angeles County

Westwood’s Penske Media Corp. has announced the acquisition of GoldDerby.com, which showcases entertainment industry award predictions by fans and top journalists.

Poor Prognosis for Drug Developer’s Stock Offering

BIOTECH: Shares tumble after investors learn of CytRx’s pricing target.

Drug developer CytRx Corp.’s plan for a public offering nurses mainly ill will on Wall Street.

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Youth Served

Los Angeles Athletic Club renovates to draw hipper, younger members.

Downtown L.A.’s members-only clubs launch youth movement to revive aging appeal.

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Regulators Back Deal to Form L.A.’s Largest Lender

BANKING: Analyst says his money was on merger despite activists’ concern.

Regulators endorse OneWest-CIT merger as activist opposition seemed to have little impact.

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Married Architects Talk Building Interest in Reuse

REAL ESTATE: Killefer Flammang duo say hotel work made room for more.

Spouses Barbara Flammang and Wade Killefer talk how they adapted to a demand for reuse projects.

93-Year-Old Producer Back in Saddle for Western

FILM: Walter Mirisch rides again with movie he did in 1960: ‘Magnificent Seven.’

A remake of classic Western “The Magnificent Seven,” now filming, is being overseen by the 93-year-old producer of the original film.