LABJ WEEKLY EDITION
ACQUISITION: Jenel takes Beverly Hills retail-office property for $40 million.
The Beverly Hills home of Emporio Armani Boutique has been sold for an estimated $40 million.
Special Report: The Race For Mayor
The Business Journal interviews the two contenders for Los Angeles mayor in the May 21 runoff. First up is Eric Garcetti, 42, who represents the Hollywood area on the Los Angeles City Council.
Charles Crumpley is pretty exercised about the city of Santa Monica’s proposal to make outdoor fitness classes pay big fees to the city.
INTERNET: WhisperText and Snapchat step into social gaps.
WhisperText’s and Snapchat’s privacy-oriented apps look to connect with teens drifting away from Facebook.
APPAREL: Litigious Guess co-founder fights bankruptcy.
Failure to button up his litigious behavior might cost Guess Jeans co-founder Georges Marciano much of his fortune.
INVESTMENT: Wedbush aims to tap Warsaw exchange.
Stock brokerage Wedbush is betting its zloty on Poland’s Warsaw exchange as a revenue generator.
AEG Digital signs deal with the goal of becoming a big fish in streaming technology.
La Brea Bakery giving away hometown trip in grilled-cheese contest.
La Brea Bakery seeks to get a rise out of customers with a grilled-cheese sandwich promotion.
Non-profit lines up vintage autos to benefit Greystone Mansion.
Organizers of Greystone Mansion fundraiser hope to drive interest with classic car exhibition.
Study says local women make 90 percent of what men make in same job.
L.A. women narrow the gender pay gap due to area’s wealth of entertainment and engineering jobs.
For those who don’t know commercial real estate, the license plate on Paul Sablock’s GMC Suburban doesn’t mean much. It reads 32FTCLR.
News and notes from communities across Los Angeles County
PHOTOGRAPHY: Production sector soars in first quarter with boost from automobile and fashion advertising.
L.A. shoots rose in a flash during the first quarter with an assist from auto and fashion advertising.
TELECOM: Ixia shares fall after company reduces first quarter guidance.
Ixia’s stock drops as phone companies dial back their spending.
REAL ESTATE: Vet exec brought in to land first tenants for Red Building.
Pacific Design Center brings in vet exec to get a new lease on life in signing Red Building tenants.
Communications: Mandalay Digital makes moves as it aims at Nasdaq.
Mobile company Mandalay Digital looks to connect its stock on the Nasdaq.
ONLINE: Bitium’s tool consolidates accounts and passwords for workers.
Bitium hopes to get to work linking new employees to their companies’ cloud networks.
APP: Music Mastermind partners with Chillingo for iOS song platform.
Music Mastermind tunes up for the mobile market by teaming with app maker Chillingo.
FINANCING: Owners of Planet Blue retain larger stake with debt transaction.
Santa Monica retailer and fashion brand Planet Blue needed cash to buy more inventory, redo its website and attract more online customers.
EXPANSION: Dentons sees latest merger as way to grow specialties.
The downtown L.A. office of Chicago’s Sonnenschein Nath & Rosenthal saw its attorney count fall to 30 from more than 70 in a 12-month period ended in spring 2009, due to a combination of departures and layoffs.
HOSPITALITY: Hilton and Marriott projects to add 319 total rooms to city.
Springtime in Redondo Beach has brought new life to the hotel industry in the beachside city.
Last week’s major news from labusinessjournal.com and other sources
Calendar and Events
It’s a mighty tall order to accept the height of Millennium Hollywood’s proposed towers, Charles Crumpley writes.
Real Estate Quarterly
Three Hollywood studios expand their roles in the real estate market with large local projects.
Real Estate Quarterly
The broader Los Angeles County commercial real estate market lost ground in the first quarter and the countywide vacancy rate inched higher as more inventory came back on the market.