Los Angeles Business Journal

LABJ WEEKLY EDITION

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Business Burdens Head Up; Firms, Jobs Head Out

COMMERCE: Survey rates most L.A. cities as high cost.

Rising costs push more than half of L.A. cities into business-unfriendly territory, survey reports.

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Living Doll

Mattel casts sales fortune with big-screen tie-ins

Mattel hopes to produce more sales by casting toys such as Barbie in live-action films.

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Surprise Knock From Rent Control

REAL ESTATE: Buyer of CIM property jolted by designation.

The buyer of a Hollywood apartment just built by CIM Group was surprised to learn it was rent controlled.

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Ex-Engineer Has Designs On Salons

Amyn Sachedina hopes to make cut with men at his 18|8 outpost.

Former engineer Amyn Sachedina now hopes to build a career as an operator of salons for men.

Website Aims To Court Attorneys

LawTake.com lets lawyers pursue clients with advice videos.

Suzanne Natbony’s LawTake.com lets attorneys frame themselves for clients with advisory videos.

Toast From Top of World

Ben Stapleton opened his first bar last month, Barrel Down, a beer hall at 525 W. Seventh St. in downtown L.A.’s Financial District.

Regional Report

News and notes from communities across Los Angeles County

Iris.TV, a downtown L.A. streaming video company, received a $5.3 million funding round from investors including Truckee’s Sierra Wasatch Capital and New York’s BDMI, among others.

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Lots of Sales

AUTOMOTIVE: Dealerships’ margins have taken back seat as incentives, low interest rates have revved up business.

Dealerships have been riding a steady rise in sales, but incentives and low interest rates have driven down margins.

Drug Developer Receives Shot in Arm From IPO

BIOTECH: Ritter rings up $20 million for lactose intolerance treatment.

Lactose intolerance drug developer Ritter Pharmaceuticals’ IPO settles down Wall Street.

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Pot Dispensaries, Customers High on Concentrates

MARIJUANA: Range of nonsmoking products light fire under shop sales.

Concentrates help pot dispensaries cut through the smoke by providing different intake options.

Investors Put Money Back on Debit Card Provider

FINANCE: Long-term deal with Wal-Mart helps boost Green Dot stock, prospects.

Renewal of Wal-Mart deal pays off in stock spike for debit card company Green Dot.

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Troubled Toy Firm Makes Play for Private Placement

MANUFACTURING: Equity plan proposed as Wham-O creditors say owed millions.

Frisbee maker Wham-O Marketing plans to spin off some equity to boost the debt-loaded firm.

Ex-Studio Exec Makes Grave Choice for Future

FUNERAL: Alison Bossert’s Final Bow to plan upscale farewells for famous.

A former Sony Pictures Entertainment executive is drawing on her experience running major entertainment events to launch a business planning classy funerals for the famous.

Youth Served as Startup Hires 12-Year-Old Exec

INTERNET: PingTank says boy will help photo app reach core kid audience.

It’s no secret that tech startups are often staffed with loads of young employees. But one local app developer is raising (or is that lowering?) the bar when it comes to hiring executives who can relate to teens.

New Practice to Mount Defense Against Hackers

SECURITY: Jeffer Mangels says high-profile incidents have helped spur business.

Nobody is safe from hackers, a fact evidenced again this month when the federal Office of Personnel Management confirmed that its network had been breached.

Mall Teams With Rideshare Service to Drive Sales

TRANSPORTATION: Lyft will get special service zones at Beverly Center.

Shopping at the Beverly Center in Beverly Hills and need a Lyft?

SPECIAL REPORT: Next Window, Please

Investors who moved early to roll up community banks left slim pickings for those looking to join market.

Investors who got a jump on rolling up small banks left little for those now looking to vault into sector.

SPECIAL REPORT: Regulators Pitch Old Banks as Better Than New

Regulators still steer parties toward purchasing institutions rather than chartering new ones.

Calendar

Calendar of events

Conventions

Upcoming conventions

Management Firm Expands Culver City Holdings

ACQUISITION: Karney pays $37 million for business park with two buildings.

Karney Management Co., a Brentwood firm run by Aliza Karney Guren and her sister, Susanna Karney Flaster, has set its sights on Culver City.

Tips for L.A.’s Wait Staffs

Charles Crumpley serves up some tough numbers to restaurants on customer satisfaction, courtesy of a survey.

Sky-High Bill for Business

State’s cap-and-trade program to cut greenhouse gases taking $2.2 billion but giving few operational answers.

Business wants California to clear the air on how its cap-and-trade program will operate, writes Tracy Rafter.

County Looks to Raise Bar on Hiring Ex-Cons

Employers should unlock the formerly incarcerated as hiring options, according to Annie Lyles.

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Incubator Turns Up Heat With Additional Services

TECHNOLOGY: Science credits system for successes such as Dollar Shave Club.

Science has moved beyond an incubator model to help entrepreneurs hatch successful companies.

Investors Like Look of Implantable Lens Maker

INVESTMENT: $69 million round for Calhoun includes first institutional backing.

Calhoun Vision Inc.’s future just got a whole lot brighter.