Hundreds of property owners in California’s coastal zone have joined with business groups and trade associations to defeat a bill that would allow the state’s Coastal Commission to impose and collect fines without the court approval now required.
Paving the way for a major change to the city’s skyline, the Los Angeles City Council on Wednesday approved the controversial development of two skyscrapers that will tower over Hollywood’s famed Capitol Records building.
REAL ESTATE QUARTERLY
Main events in Los Angeles County’s submarkets.
L.A. County’s jobs recovery stalled in June as the unemployment rate edged up to 9.7 percent and payroll employment levels remained unchanged, according to state figures released Thursday afternoon.
L.A. County’s economy will continue its broad but frustratingly slow improvement during the rest of this year and into next year, according to a regional forecast to be released Wednesday.
DINING: Slimmer Jerry’s looks to add on-site market to its plate.
Jerry’s Deli hopes to add a side of groceries to its restaurant business with an on-site market.
Gov. Jerry Brown on Thursday signed legislation sharply restricting enterprise zone tax credits and replacing them with a sales tax exemption on the purchase of manufacturing equipment.
California companies have won a legal victory as the state regulators forced a national workers’ compensation insurer to stop forcing employers to resolve insurance disputes out of state.
REAL ESTATE: Seattle portfolio purchase fails to stir Hudson Pacific shares.
Hudson Pacific Properties’ first portfolio pickup outside California fails to stir stock.
ENERGY: BreitBurn steps into state with $860 million deal.
BreitBurn moves into Oklahoma sooner, not later, with an $860 million deal for oil and gas fields.
Jan Perry, who ran unsuccessfully for mayor in the March primary, will run the newly created department, which will focus on small business support, workforce development and job creation.
Irwindale chamber and eateries serve up chips in foodie promotion.
Irwindale Chamber of Commerce believes its poker tournament promotion will raise interest in local eateries.
Occidental sees selling or spinning off international assets as the first step to power up its stock.
The Los Angeles County Metropolitan Transportation Authority on Thursday killed a controversial plan to impose massive fees on developers to pay for transit projects.
The UCLA Anderson School of Management has received final approval from University of California President Mark Yudof to convert its state-supported M.B.A. program into a self-supporting one, the school announced Thursday.
ENGINEERING: Tetra Tech shares plummet amid government contract woes.
U.S. sequestration woes and a Canadian scandal make double trouble for Tetra Tech.
L.A. County’s unemployment rate fell again in May, reaching 9.6 percent, according to state figures released Friday.
The Los Angeles City Council on Tuesday approved a ban on plastic bags at grocery stores and other retailers that sell perishable food items.
Anschutz Entertainment Group has signed a joint venture with MGM Resorts International to develop a $350 million, 20,000-seat arena near the Las Vegas Strip, MGM announced Tuesday.
TRADE: Commissioners deny departures were caused by meddling.
Shipping association alleges meddling port commissioners are behind a wave of administrative departures in Long Beach.
Backers split over type of trolley for Miracle Mile rail line
Miracle Mile business interests in conflict over what kind of trolley to use as they prepare to punch the ticket for a new line.
Business owners and executives in Los Angeles County are less optimistic about the local economy this year than last year, according to a survey from the Los Angeles County Business Federation.
HEALTH CARE: Lawyers push to lift ‘pain and suffering’ award cap.
Medical groups hope to pull plug on lawyers’ plan to lift limit on “pain and suffering” malpractice awards.
UTILITY: American States may be first L.A. firm to try move since 2008.
Market run-up spurs American States Water to wade back into splitting stock.
The Assembly on Friday passed a bill aimed at blocking shakedown letters to businesses alleging violations of the state’s toxic chemical notification law.
DEVELOPMENT: Groups warn transit levies will lead nowhere.
Business leaders say the county is trafficking in a bad idea with “congestion fees” to fund transit projects.
FOOD: Overhill Farms bought for $81 million by Minnesota’s Bellisio.
Investors warmly greet acquisition bid for Overhill Farms by another maker of frozen fare.
Los Angeles County’s economic recovery notched a milestone in April when the unemployment rate fell to 9.9 percent, the first time it was below 10 percent since December 2008, according to state figures released Friday.
Architect Brenda A. Levin’s business blueprint has included going to the office with her husband every day for more than 30 years.
ENERGY: Rentech seeks to power up revenue with fiber and pellet production.
Rentech adds another plank to its business with wood fiber and pellet production.
Special Report: Toxic Prop
A legislator and Gov. Jerry Brown both try to put an end to Proposition 65 actions that some business owners call shakedowns.
The Los Angeles City Council on Wednesday approved a lease agreement with BNSF Railway Co. for the construction and operation of a controversial $500 million rail yard near the Port of Los Angeles.
Los Angeles Mayor Antonio Villaraigosa announced Tuesday that he will lead a trade mission to China later this month to focus on boosting Chinese tourism and investment in Los Angeles.
ENERGY: Edison may pull plug on troubled San Onofre.
Regulatory blackout may push Edison International to pull plug on San Onofre nuclear reactor.
Ray Irani, former chief executive of Occidental Petroleum, was forced off the Westwood oil giant’s board on Friday.
The Los Angeles City Council on Tuesday voted to approve a controversial plan to move the north runway at LAX.
Edison International on Tuesday reported strong first quarter earnings that beat street estimates as its electric utility subsidiary profited from higher power rates that kicked in this year.
After intense shareholder pressure, Occidental Petroleum Corp. announced Monday that Steve Chazen will continue to serve as chief executive through next year, and announced new governance policies that would effectively bar former Chief Executive Ray Irani from returning to that post.
Special Report: The Race For Mayor
The Business Journal interviews the two contenders for Los Angeles mayor in the May 21 runoff. Next up is Wendy Greuel, 51, who has served nearly four years as city controller. Before that, she served seven years on the City Council representing the eastern San Fernando Valley.
Special Report: The Race For Mayor
The Business Journal interviews the two contenders for Los Angeles mayor in the May 21 runoff. First up is Eric Garcetti, 42, who represents the Hollywood area on the Los Angeles City Council.
California regulators on Wednesday ordered the shutdown of a battery recycling plant in Vernon for failure to control pollution at the facility.
Los Angeles Mayor Antonio Villaraigosa on Monday released his final budget as mayor. The $7.7 billion spending plan would close a previously estimated $216 million deficit and proposes creation of an economic development department.
TELECOM: Ixia shares fall after company reduces first quarter guidance.
Ixia’s stock drops as phone companies dial back their spending.
Real Estate Quarterly
For years, it’s been the biggest anomaly in the downtown L.A. office market: Despite soaring vacancy rates and much more space being put on the market than absorbed in new deals, Class A monthly asking rents stayed stuck at nearly $3.20 a square foot.
Los Angeles County’s jobs picture continued its gradual improvement in March as the unemployment rate dipped to 10.2 percent and employers added nearly 24,000 jobs, according to state figures released Friday.
After winning changes to a controversial recycling law, mattress manufacturers and retailers have dropped their opposition and allowed a compromise bill to clear a legislative hurdle on Wednesday.
GOVERNMENT: Proposed state bill seen as ‘job killer’ by some employers.
Employers fear maximum layoffs if Sacramento passes minimum wage legislation.
The California Chamber of Commerce released its annual list of “job killer” bills on Monday, targeting 32 measures in the state Legislature it believes will have a negative impact on California’s business climate if they were to become law.
Lobbying: Land-use projects helped firms’ fees rise in 2012.
Real estate development projects have built up fees for some of L.A.’s top firms.
WATER: Cadiz also raises $17.5 million to fight legal battles over desert facility.
Cadiz names new chief executive as desert pumping program gets ready for flood of challenges.