Los Angeles Business Journal


Drug Developer Checks Into El Segundo Facility

LEASE: Kite Pharma looks to expand manufacturing capability with new site.

Santa Monica biotech firm Kite Pharma Inc. has signed a lease for a commercial manufacturing facility in El Segundo near Los Angeles International Airport.

Wage Hikes Don’t Add Up

Michael Saltsman questions the math behind calls for minimum-wage hikes.

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Tight Market

Small-lot homes boom despite boos from neighbors

Small-lot homes have taken off in a big way, aided by cost savings versus condos and townhomes.

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Bank Activists Get Say on Deal

LENDING: Hearing set on CIT’s acquisition offer for OneWest.

Community coalition achieves goal of getting CIT and OneWest to defend their merger.

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Ports’ Backlog Sinks Schedules

SHIPPING: Executives discuss how they fight to stay afloat.

Execs at port-dependent businesses discuss being left high and dry by ongoing labor negotiations.

Streetball Arrives With Flash

Alternative basketball tour places priority on wowing audience.

Backers of Ball Up tour look to score hoops fans with their athletic, crowd-wowing streetball.

Chinese City Opens Doors To L.A.

Coastal city Zhuhai sets up local office to raise business profile.

Chinese city of Zhuhai gets down to business at its new office in downtown Los Angeles.

Hearing Execs Speak Volumes on Trip

Steven Sawalich, senior director of global media and philanthropy at Starkey Hearing Foundation in Playa Vista, has traveled to 75 countries during his time at the non-profit, which delivers hearing aids to people in need.

Regional Report

News and notes from communities across Los Angeles County

Sherman Oaks developer IMT Capital has sold a 120-unit luxury apartment complex in Encino for $44 million to a private investor.

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Moving In

INTERNET: RadPad hopes to click in rental listings space with mobile app that lets renters make their monthly payments.

RadPad looks to make a move in the rental listings market with its app that processes payments.

Pair of Acquisitions Delivers for Postage Business

ONLINE: Stamps.com has investors in bag with hefty quarterly performance.

Stamps.com proves a popular address on Wall Street after strong fourth quarter.

Distributor Enters New Stage With Producer Deal

ENTERTAINMENT: EOne steps into content with pickup of Mark Gordon Co.

Distributor Entertainment One seeks a starring role in production with its acquisition of Mark Gordon Co.

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Clearing Away Pile-Up at Ports May Be Tall Order

SHIPPING: Struggles to move cargo may remain after labor dispute resolved.

Ports are likely to be flooded with containers for a while after a labor deal is struck.

Hoteliers See More Room for Incentives to Build

DEVELOPMENT: Business leaders say L.A.’s moves won’t bring projects to city.

Hotel execs welcome city of L.A.’s incentives but say they won’t inspire new projects to check in.

Mag Editor Turns Page With Show-Biz Podcast

MEDIA: Bonnie Fuller looks to tap female readership of her HollywoodLife.com.

Magazine reviver Bonnie Fuller pages show-business fans with her new “HollywoodLife” podcast.

SAT Tutoring Business Tests Lower-Price Product

EDUCATION: Arbor Bridge offers pared-down, more affordable progam.

A Santa Monica test-prep company has launched a product aimed at making it easier and cheaper for high school students to get one-on-one SAT tutoring.

Show-Biz Attorneys Thrive With Expanded Roles

ENTERTAINMENT: Stroock’s Schuyler Moore looks to China to generate deals.

Entertainment law for years was defined by negotiations over production deals, actors’ contracts, rights options and the occasional high-profile litigation.

Graffiti Artists Paint Fashion Brand as Scofflaw

fashion: Muralists add retailers to suit over alleged use of work in products.

Italian fashion brand Roberto Cavalli, as well as retailers Amazon.com, Nordstrom and Zappos.com, are headed to court to face off against some unlikely opponents: a group of L.A. graffiti artists.

Business Groups Provide Election Endorsements

POLITICS: Jose Huizar earns consensus support for Los Angeles City Council.

Believe it or not, next Tuesday, March 3, is Election Day in Los Angeles and 28 other cities around Los Angeles County.

Fashion Forward

clothing: Paula Schneider looks to retailor performance, image of American Apparel after Dov Charney’s firing.

New CEO Paula Schneider looks to fashion a future for American Apparel after the firing of controversial founder Dov Charney.

News of the Week

Last week’s major news from labusinessjournal.com and other sources

In its annual forecast, the Los Angeles County Economic Development Corp. predicted sunny skies for the local economy, estimating that the county will add a total of 150,000 payroll jobs over the course of this year and the next, bringing employment to record levels.

calendar 2-23.15

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Future of Landmark Property on PCH a Mystery

ACQUISITION: Hayman pays $6 million for café owned by Thelma Todd.

A storied property along Pacific Coast Highway that has seen its share of monkey business is about to take on a new role.

Electric Shock

Charles Crumpley wonders why he’s still shocked by new costly proposals at the state level on regulating energy.

Shelf Life

Yummy.com has dodged problems that have taken down other online groceries in part by adhering to a slow-growth plan. So the Business Journal asks:

Do you order groceries online?