Los Angeles Business Journal

LABJ WEEKLY EDITION

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Hedge Fund Puts Money On Dating Site Operator

INVESTMENT: Peak6 takes controlling stake in Spark, owner of ChristianMingle.

Hedge fund Peak6 seals deal with dating site operator Spark Networks for controlling stake.

Entertainment Firm Pulls Plug on Cable Venture

TV: Participant turns away from Pivot, axing shows, laying off division’s staff.

Jeff Skoll’s social impact entertainment company Participant Media is pivoting away from its cable television effort three years after launching.

Business Association Has Big Booster Seat to Fill

NONPROFIT: Departure of Carol Schatz leads to long list of traits for successor.

After Carol Schatz announced earlier this year that she would retire from her post as chief executive of downtown’s Central City Association, the business group’s board hired Glendale executive search firm Morris & Berger to recruit potential successor candidates.

Shoemaker Hopes to Step Up Under New Owner

FOOTWEAR: Sole Society looks to global expansion as part of Camuto Group.

Online retailer Sole Society of Culver City is fashioning a bigger footprint with the help of footwear powerhouse Camuto Group.

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Kobe Bryant Now Aims to Score as Investor with $100 Million Fund

Kobe Bryant wants his second act to overshadow his first.

Calendar

Calendar of events

Conventions

Upcoming conventions

Vineyard-Winery Owner Says Time Ripe for Sale

LISTING: Barry Goldfarb seeking $12.8 million for property in Santa Clarita.

When Barry Goldfarb needs a change of scenery, he can drive a half-hour from his Bel Air home to the 90-acre Agua Dulce estate in Santa Clarita.

Some Businesses Game for Challenge

The only constant in business is change, and companies that can adapt to both threats and opportunities are best positioned for success.

Finding Way Forward

Turn to socialist solutions threatens self-reliance, high standard of living

Michael Levine fears socialist solutions to public problems will diminish Americans’ self-reliance.

Finding Way Forward

Smart public policies primary key for boosting people out of poverty

Smart policy decisions not personal grit help lift people out of poverty, writes Chris Tilly.

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Spaced Out

Downtown loses ground in parking cost battle

Development in downtown is driving up parking costs as spaces disappear.

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Fitness Pioneer Big on Bespoke

EXERCISE: Boutique Barry’s scales up offerings at studio.

Barry’s Bootcamp looks to step up in the boutique fitness space with added amenities.

Big Payoffs No Longer Safe Bet for Casinos

GAMING: Firm makes play for younger crowd.

Gamblit puts money on mobile titles as a means to draw millennials to casinos.

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Big Payoffs No Longer Safe Bet for Casinos

GAMBLING: Setback in cards with rule shift.

Some card rooms think they are getting a raw deal with a new state stance on third-party banking.

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Skater on Board With Arty Venue

Chad Muska’s role includes serving as curator at space backed by Supra brand.

Skateboarder Chad Muska rolls into a pop-up creative space in collaboration with Supra brand.

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Pop Star Cues Up Student Supplies

Yoobi, Pharrell Williams’ collective team up to create products designed by kids.

School supply maker Yoobi banded together with musician Pharrell Williams on a kid-designed line.

Getting in Gear on Ferraris

Bruce Leeds waited nearly 50 years to indulge his childhood passion for Ferraris, but when he finally entered the Ferrari world, he did so with gusto.

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A Look Ahead: What’s on the agenda for Los Angeles business in the coming week

TOURISM: Forum to look at welcome opportunities in hospitality with Rams.

Fifty million tourists are expected to pour into Los Angeles in 2020, and the Los Angeles Tourism and Convention Board (L.A. Tourism) wants to help local businesses meet those travelers’ needs.

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Industrial Zone

Richard S. Ziman still likes sector’s strength, stability despite increased competition with retail, residential

Industry vet Richard Ziman discusses industrial’s strength amid retail and residential booms.

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Software Engineers Needed for Job Applications

EMPLOYMENT: Glassdoor reports wealth of openings for highly paid staffers.

Jobs website Glassdoor reports a lot of highly paid openings for software engineers.

Movie Studio Turns to TV to Channel Revenue

Business Journal reviews how TV company Starz will impact film studio Lions Gate’s big picture.

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Fish Sequel ‘Dory’ Had Right Hook for Summer

FILM: Disney came out on top in season loaded with family, animated offerings.

Fish tale “Finding Dory” helped Disney reel in the summer box-office crown.

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Kitchen ‘Incubator’ Helps Concepts Avoid Heat

DINING: Unit 120 founder sees space as means for chefs to cheaply test ideas.

Alvin Cailin’s Unit 120 offers room for restaurateurs to cook up menus and business plans.

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Air District Works to Iron Out Rule on Forging

METALS: Officials hope to reduce odor production in Paramount, other cities.

After years of complaints by residents about odors in Paramount and other southeast Los Angeles County cities, the South Coast Air Quality Management District identified the likely source as metal forging facilities and has begun developing a rule to clamp down on emissions from these plants.

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L.A. Tech Employees’ Pay Increases Pace Field

COMPENSATION: Average salary of $115,000 only 10th highest in big cities.

Los Angeles County tech wages are growing faster than the earnings of tech employees in the nation’s other big cities, according to data from the U.S. Bureau of Labor Statistics compiled in a report by downtown real estate investment firm Jones Lang LaSalle Inc.