Los Angeles Business Journal

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Vacancies Down, Asking Rates Up Amid Resurgence

Los Angeles County’s commercial real estate rebound was in full swing last quarter as the office vacancy rate declined, asking rental rates rose and construction increased.

Santa Monica, Beverly Hills ... Central Valley? Space at Premium

Vacancy rates across the San Fernando Valley dropped to 13.7 percent in the second quarter, declining significantly from a year earlier, when the region was seeing vacancies north of 15 percent. Reasonably strong tenant demand continued throughout the quarter, with 170,400 square feet absorbed, according to Jones Lang LaSalle Inc.

State Must Boost Show Biz’s Role

David M. Smith says state should make a bigger production out of supporting show business.

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Seaside Resort Clicks With Technology Conference

hospitality: Terranea has channeled Code into boosting hotel’s profile.

Terranea Resort touts its link to Code Conference to promote itself beyond the Internet industry.

Changing Image

ENTERTAINMENT: Visual effects shop Hydraulx also hopes to be known for soundstage, equipment rentals at new HQ.

Visual effects shop Hydraulx hopes to get a lift from soundstage and equipment rental business.

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Music Company Still in Tune With Santa Monica

LEASE: Universal renews for 10 years in transaction valued at $100 million.

Universal Music Group, the largest music company in the world, has committed to keep its global headquarters in Santa Monica.

Chief Issue for Los Angeles

LAPD Chief Charlie Beck makes the grade with USC President C.L. Max Nikias.

Getting Religion

The Supreme Court ruled that private companies don’t have to meet all requirements of the Affordable Health Care Act if they conflict with the religion.

Was the Hobby Lobby ruling a victory for religious freedom or an intrusion of religion into law?

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Home Field

After post-college graduation break, Jeff Hyland found his niche as broker of L.A.’s biggest estates.

Broker Jeff Hyland has made a home for himself in L.A.’s high-end residential brokerage industry.

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Parents Give Birth to Businesses

TECHNOLOGY: Mobile devices open doors to educational products.

TECHNOLOGY: Increase in mobile devices has raised some parents’ interest in producing educational products for kids.

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Brewin’ R&D

New rules let UCLA put money into startups

UCLA may graduate to startup investing now that University of California has axed its funding ban.

Scripps Ends Talks With USC

Talks have broken off regarding an acquisition of Scripps Research Institute of La Jolla by USC or a merger or partnership between the two.

USC’s Keck Acquires OC-Based Practice for Cancer Network

Keck Medicine of USC, the University of Southern California’s medical enterprise, has acquired Orange Coast Oncology Hematology Medical Associates for an undisclosed price as part of a cancer-treatment network allowing local patients to avoid trips to Los Angeles for care.

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Universal to Open China Office

Universal Pictures will open a new office in China as the movie studio seeks more business within the planet’s second-largest market for movies, the Hollywood Reporter said.

Business Journal Scoops Honors

AWARDS: National recognition includes trade group’s top prize.

Business Journal wins in seven categories including top honors from national publishers’ association.

Goal Was to Have Fun So They Kept Playing

Swagbucks Chief Executive Chuck Davis, an avid soccer fan, enjoyed this summer’s World Cup in person by heading down to Brazil to catch some games.

Supreme Court Limits Presidential Appointments

The Supreme Court issued a unanimous decision reducing the president’s authority to appoint officials while Congress is in recess. The decision limits the president’s power to appoint controversial nominees to government positions, NBC News reports.

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