LABJ WEEKLY EDITION
INVESTMENT: Peak6 takes controlling stake in Spark, owner of ChristianMingle.
Hedge fund Peak6 seals deal with dating site operator Spark Networks for controlling stake.
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.
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.
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.
Kobe Bryant wants his second act to overshadow his first.
Calendar of events
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.
The only constant in business is change, and companies that can adapt to both threats and opportunities are best positioned for success.
Turn to socialist solutions threatens self-reliance, high standard of living
Michael Levine fears socialist solutions to public problems will diminish Americans’ self-reliance.
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.
Downtown loses ground in parking cost battle
Development in downtown is driving up parking costs as spaces disappear.
EXERCISE: Boutique Barry’s scales up offerings at studio.
Barry’s Bootcamp looks to step up in the boutique fitness space with added amenities.
GAMING: Firm makes play for younger crowd.
Gamblit puts money on mobile titles as a means to draw millennials to 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.
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.
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.
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.
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.
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.
EMPLOYMENT: Glassdoor reports wealth of openings for highly paid staffers.
Jobs website Glassdoor reports a lot of highly paid openings for software engineers.
Business Journal reviews how TV company Starz will impact film studio Lions Gate’s big picture.
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.
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.
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.
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.