Los Angeles Business Journal

LABJ WEEKLY EDITION

Practice Group’s Business Heats Up With Drought

WATER: O’Melveny unit’s focus has shifted from quality to quantity issues.

While California’s drought has scorched some businesses, it has flooded attorneys in O’Melveny & Myers’ water industry practice group with work.

Marketing Firm’s Talk Program Channels Brands

INTERNET: FameBit hopes ‘FilterFreeTV’s’ influencers speak to young consumers.

These days, digital networks such as Maker Studios, Fullscreen Inc. and AwesomenessTV aren’t the only tech companies producing online videos.

SPECIAL REPORT: Building Heat

Studio Lions Gate may be star attraction on list of L.A.’s most profitable public companies, but real estate brokerages making all the right moves.

While movie studios continue to produce, real estate brokerages are the real stars of the Business Journal’s list of most profitable public companies.

Calendar

Calendar of events

Conventions

Upcoming conventions

Plot Sale Reflects Lots of Interest in Downtown

ACQUISITION: Land goes for $18 million; $3 million more than month before.

A 20 percent profit in one month? That’s what hotelier John Blanchard, lead developer on downtown L.A.’s Ace Hotel, reaped when he flipped a 1.2-acre plot of land in the Arts District earlier this month.

Making Room for Bootleg Spaces

Los Angeles City Council’s push to legalize substandard units only hurts tenants, landlords who follow laws.

There’s no room in Los Angeles for making bootleg spaces into legal residences, warns Jeremy Bagott.

State May Face Hole on Oil

Ronald Stein sees California doing well enough without more limits on oil projects.

Room To Grow?

HOSPITALITY: Businesses pop up to support Airbnb despite looming regulations.

Businesses check in to support hotel service Airbnb despite the risk of regulation in some cities.

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Shoe Seller Sees Next Step As Brick-and-Mortar Shop

FOOTWEAR: Sole Society’s expansion plan boosted by money from Nordstrom.

Shoe and accessories retailer Sole Society looks to step up sales with its first brick-and-mortar shop.

Petroleum Plan Fuels Pushback

ENERGY: Oil, trucking firms rip state proposal to reduce use.

Oil and transportation companies hope to drive off a state measure to cut vehicles’ petroleum use by 50 percent.

Flying Fish Hit Series of Highs

TV: Syfy on rise as audiences take ‘Sharknado’ for whirl.

Cable channel Syfy has spun its cheesy, low-cost “Sharknado” movie series into ratings gold.

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Connected

Tech startups eager to link with Gary Winnick

More than a decade after Global Crossing’s collapse, Gary Winnick’s name can still charge up interest in L.A.’s tech sector.

Brothers Pour Themselves Into Brewery

Lawyer joins sibling, wife to serve up suds in downtown L.A.

Lawyer Todd Mumford has his brother’s scientific know-how on tap at their craft brewery.

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Pet Store Unleashes Cannabis

Pussy & Pooch offers treats it claims can calm animals’ nerves.

Pussy & Pooch looks to build buzz around THC-free cannabis treats as a way to soothe dogs.

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Director’s Epic Find for New Western

Quentin Tarantino used ‘Ben-Hur’ lenses to shoot ‘Hateful.’

Quentin Tarantino took the camera lenses used for “Ben-Hur” out for a ride on his Western “ The Hateful Eight.”

Never Say Never to Neverland Ranch

When Elizabeth Taylor married Larry Fortensky at Michael Jackson’s Neverland Ranch in 1991, Trip Haenisch was one of the members of her wedding party.

Regional Report

News and notes from communities across Los Angeles County

Soylent, producer of an engineered product, is moving its downtown L.A. headquarters, signing a lease for 16,400 square feet of space at Broadway Media Center.

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Product Placement

BEAUTY: Skin care firms flesh out strategy to keep items from unapproved sellers.

Skin care company Murad is fighting to end the shelf life of its products being sold by unapproved vendors.

Jeans Maker’s Shares Zip Up on CEO Selection

FASHION: Victor Herrero’s Asian ties could help Guess pocket more business.

Clothing company Guess’ announcement of its new CEO proves tailor-made to investors’ liking.

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Going Well

CBRE Group sets up new HQ as home base to push building standard program for offices.

CBRE Group says Well Building standards help the office environment work for its employees.

China’s Stock Market Bust May Break L.A.’s Way

INVESTMENT: Analysts see exchange’s drop resulting in more money sent here.

Analysts see China’s market crash possibly spurring investors there to stock up on L.A. assets.

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Bank Looks to Unlock Value With Public Offering

INVESTMENT: Vet execs at Houlihan Lokey may seek opportunity to cash out.

Longtime execs could be banking on Houlihan Lokey’s planned IPO as a chance to cash out.

Yoga Clothing Maker Stretches Into New Location

APPAREL: Co-owner says domestic manufacturing boosts YogaSmoga brand.

Athletic apparel brand YogaSmoga is based in New York, but some of its manufacturing – and now all of its growth – is happening in Southern California.

Hospital Operator Nurses Patient Volume, Revenue

EXPANSION: Keck Medical sees growth as industry copes with Obamacare.

Keck Medicine has been growing. A lot.

Co-Founders Go With Grains at Filipino Eatery

DINING: Ricebar co-owners serve fast-casual lunches to local business crowd.

When chef Charles Olalia came back to Los Angeles after getting married in his native Philippines, he decided to start cooking more dishes that reminded him of home.