Los Angeles Business Journal

BofA Settles With Mortgage Insurer

Bank of America Corp. has agreed to pay mortgage insurer MBIA Inc. $1.6 billion to settle legal disputes related to home loans from its Countrywide Financial unit that were packaged into securities during the financial crisis, the bank announced Monday.

Area Hotel Checks In as Pedal Pusher

AKA Beverly Hills looks to steer guests to complimentary bikes.

AKA Beverly Hills hotel peddles complimentary bikes as a draw for guests.

Hair Product Takes Root On TV

Toppik’s head topper fills in blanks for actor portraying president.

Toppik Hair Building Fibers comes out ahead after it plays a role in making a bald actor look like President Obama.

Success Still in Cards for Prepaid Debit Pioneer

FINANCE: Green Dot revenue beats expectations despite rise in competition.

Investors put their money on prepaid debit card company Green Dot after healthy quarterly report.

Post Production Firm Stars in Office Acquisition

Purchase: Shapeshifter’s $5.2 million deal one of year’s highest in Burbank.

A post production company has bought an office building in the heart of Burbank’s Media District in one of the highest sales of its kind in the city this year.

Online Postage Company Finds Way on Wall Street

INTERNET: Stamps.com’s stock surges after beating earnings expectations.

Online postage company Stamps.com delivers on Wall Street with strong earnings.

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Investment Group Has Armani Boutique in the Bag

ACQUISITION: Jenel takes Beverly Hills retail-office property for $40 million.

The Beverly Hills home of Emporio Armani Boutique has been sold for an estimated $40 million.

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Bread Maker Doesn’t Loaf On Nostalgia

La Brea Bakery giving away hometown trip in grilled-cheese contest.

La Brea Bakery seeks to get a rise out of customers with a grilled-cheese sandwich promotion.

Homes Sales Remain Flat in County

The number of Los Angeles County homes sold in March remained flat compared with a year earlier while the median sale price soared as fewer homes were listed for sale.

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Studios’ Next Stages

Real Estate Quarterly

Three Hollywood studios expand their roles in the real estate market with large local projects.

Pacific Design Center Looks to End Vacancy Streak

REAL ESTATE: Vet exec brought in to land first tenants for Red Building.

Pacific Design Center brings in vet exec to get a new lease on life in signing Red Building tenants.

Dallas Developer Lassoes Another L.A. Building

ACQUISITION: Lincoln to pay $50 million for downtown office property.

Lincoln Property Co. is about to acquire yet another downtown L.A. office building.

Owner Could Follow Disney Out of Building

LISTING: BlackRock may sell office tower left empty by entertainment giant.

The Burbank office building recently vacated by Walt Disney Co. may be put on the market.

Giving Birth To Future

Egg donation service uses 3-D software to project face of child.

Egg donation service helps parents by projecting what their child will look like.

Buyer Plans to Get Creative With Industrial Site

ACQUISITION: Developer to turn $8 million property into office campus.

A Culver City office warehouse has been sold for $8 million to a development team that plans to renovate it into a creative office campus.

Staffing Jobs Not Just Kid Stuff

Nanny wrangler grows into range of personal service placements.

Lexington Nannies is now home to other personal placements such as chefs and housekeepers.

Label Maker No Longer Stuck on Pasadena HQ

SALE: Avery Dennison makes $20 million deal with Legacy Partners.

Avery Dennison Corp., a label and packaging maker, has a contract to sell its Pasadena headquarters for about $20 million.

Show Biz Publication Raises Curtain on New HQ

LEASE: Parent of Variety plans to move operations into Westwood building.

Angelenos may soon be talking about the Variety building … in Westwood.

Deep Freeze To Heat Up Sweet Sales?

Ice Cream Lab hopes to change treat lovers’ tastes by degrees with liquid nitrogen-blasted confections.

Villaraigosa Won’t Wait for AEG

Reacting to Philip Anschutz’s decision to not sell AEG, L.A. Mayor Antonio Villaraigosa late Thursday said he wouldn’t wait on the sports and entertainment giant as a partner in modernizing the city’s Convention Center.

Kennedy-Wilson to Sell 9 Million Shares

Beverly Hills real estate investment and services firm Kennedy-Wilson Holdings, Inc. said Tuesday it planned sell 9 million shares of common stock.

MPG Office Trust To Sell U.S. Bank Tower

Struggling downtown real estate investment trust MPG Office Trust Inc. announced it had agreed to sell U.S. Bank Tower, the tallest building west of the Mississippi River, and a related parking garage, for $368 million.

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Bean Counters Pull Up Roots

REAL ESTATE: KPMG to ditch its tower for new digs.

Accounting firm KPMG does a number on namesake downtown tower by moving closer to L.A. Live.

New Tenants Go Distance for Miracle Mile Space

LEASE: Pair of deals takes occupancy rate to nearly 80 percent at building.

Two new leases have brought a struggling Miracle Mile office building to near 80 percent occupancy.

Girls School Gets Down To Business

Archer works to give students skill sets for future careers.

Archer School for Girls has made preparing students for the business world its job.

Larry Flynt Hustles Up Buyer for Beverly Hills HQ

SALE: LFP headquarters building scores $82 million from Douglas Emmett.

Hustler Magazine publisher Larry Flynt has agreed to sell his Beverly Hills headquarters building for $82 million, sources told the Business Journal.

Office Kingpin Loses Crown

REAL ESTATE: Jamison sells buildings as rents fall.

Jamison Services jettisons 10 percent of its portfolio as well as the title of L.A.’s biggest office landlord.

Taking Lead Role In Investing

Teen actress looks to help others stock up on trading know-how.

Teen TV actress Rachel Fox wants to channel her fame into support for stock trading.

Developer Rolls Dice on Casino

REAL ESTATE: Meruelo bets on Trump Plaza revival.

Meruelo Group rolls dice on purchasing and reviving Trump Plaza casino in Atlantic City, N.J.

Online Ad Firm Clicks With Playa Vista Space

LEASE: Rubicon Project leaves West L.A. office in search of lower rent.

Rubicon Project is moving to Playa Vista from its West L.A. digs, the latest tech firm to head south to escape rising rents and limited space options.

Married To Gay Weddings

Honeymoon website hopes to ride rise in same-sex nuptials.

ChicGayHoneymoons.com aims to remove obstacles to same-sex spouses’ romantic getaways.

Retail Floor of Downtown's Market Lofts Is Sold

CIM Group Inc. has sold the nearly 60,000-square-foot downtown retail property that houses Ralphs Fresh Fare market to MDC Realty Advisors USA Inc. for nearly $19 million.

Golden Triangle Rounds Up Another Pricey Deal

SALE: Restaurant-retail property in Beverly Hills sells for $11.8 million.

An 11,000-square-foot commercial property on Little Santa Monica Boulevard in Beverly Hills’ Golden Triangle has been sold for nearly $11.8 million, one of the highest per-square-foot prices in the city in the past year.

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Marina del Rey Harbors Growth Plan

Real Estate: Developers look to plug into Silicon Beach scene.

Marina del Rey developers look to ride the Silicon Beach-fueled wave of interest in the Westside.

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Microsoft Big On Westside

Real Estate: Tech titan doubles up on office leases.

Industry giant Microsoft plugs into L.A.’s Westside tech scene with two office deals.

Brokerage Sold on Bigger Downtown L.A. Presence

LEASE: Cassidy Turley takes larger space in deal valued at $2.1 million.

St. Louis brokerage Cassidy Turley Inc., which opened its first L.A. office only nine months ago, has signed a lease to move its regional offices into bigger space in downtown’s City National Plaza at 555 S. Flower St.

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Exclusive: Microsoft Expanding on Westside

Microsoft Corp. is close to signing two leases that would significantly expand its presence in L.A.’s Westside tech hotbed.

Deal for Valley Office Campus Priciest in Decade

ACQUISITION: Brookfield shells out $92 million for Corporate Pointe.

A sprawling office campus in West Hills has been sold for $92 million, the largest office sale in the market in more than a decade.

Mouse Hole For Burbank

REAL ESTATE: Disney exit to trap market in office glut.

Burbank is far from the happiest place on Earth as Disney plans massive exodus from office tower.

Trying To Push Right Buttons

L.A. AppShow helps creators connect to potential customers.

The L.A. AppShow works to put developers of mobile and tablet products in touch with potential customers.

Let Loose in Long Beach

SPECIAL REPORT: Updated zoning plan helps draw developers downtown in L.A. County’s second- biggest city.

Changes to Long Beach’s zoning codes helped turn the city’s downtown into a center of attraction for developers.

Historic Residential Property Trades at Lofty Price

Real Estate: Art deco building, taken back by bank, sold for $30 million.

South Korean investors move into downtown L.A. with pricey deal for loft property.

Long View in Long Beach

Special Report: Real Estate Quarterly

Miracle Mile Landlords Think Creative and Raise Asking Rents

Reports - The Wilshire Corridor experienced a relatively flat fourth quarter in 2012, prompting landlords to raise rental rates by a penny a foot.

Residential-Retail Project Sets Up Beachhead

DEVELOPMENT: Decron borrowed $67 million for Playa Del Oro’s final phase.

Miracle Mile real estate development and investment firm Decron Properties Corp. broke ground this month on a $67 million mixed-use apartment project in Westchester.

New Owner Takes On Sunset Strip Hotel Project

Real Estate: James Hotels sells WeHo site in $28 million transaction.

European hotel developer checks into West Hollywood property on Sunset Strip.

Recording Studio Sells to Tune of $4.96 Million

ACQUISITION: Facility had been used by Usher and Janet Jackson.

A Santa Monica recording studio where music giants Usher and Janet Jackson once laid down tracks has been sold.

Bastion Betting Big on Culver City Emergence

DEVELOPMENT: Builder plans more apartments in area near Silicon Beach.

Canadian company makes itself at home in Culver City with third residential-retail project.

Office Buyer Pulls Off Triple Play Across L.A.

ACQUISITION: Three deals ring up $78.5 million bill for Kennedy-Wilson.

A joint venture led by Beverly Hills real estate firm Kennedy-Wilson Holdings Inc. has acquired three L.A. office buildings for $78.5 million from Koreatown’s Jamison Services Inc., once the largest private commercial office landlord in the city.

CBRE Expands in Atlanta Through Acquisitons

West L.A.’s CBRE Group Inc. has acquired business branches from Atlanta-based commercial real estate services firm Resource Real Estate Partners LLC and TPA Realty Services LLC for an undisclosed price.