Los Angeles Business Journal

Ares Management Beats 3Q Estimates

Century City’s Ares Management reported a third quarter profit of $43.3 million on Monday, or 43 cents a share, for the period ending Sept. 30.

Main Museum Ready to Hang With Art Lovers

NONPROFIT: Institution’s ‘beta phase’ offers visitors early look at development.

The Main Museum of Los Angeles Art is offering visitors a sneak peek at the $50 million work-in-progress after launching in a “beta stage” last month.

Siemer & Associates Acquired by Chinese Firm CEC Capital Group

CEC Capital Group has reached a deal to acquire Santa Monica’s Siemer & Associates, a boutique advisory firm specializing in the media and technology space.

City Hall Event Elects for Deep Focus on Issues

POLITICS: BallotCon to offer videos, debates on all 17 statewide measures.

While Stan Lee’s Los Angeles Comic Con is set to overtake the Los Angeles Convention Center on Friday, political junkies will have their own chance to geek out the following day at City Hall.

Upgrades to Figueroa Street Ready to Hit Road

DEVELOPMENT: Project’s additions will include new sidewalks; bus, bike lanes.

The city’s long-planned $20 million Figueroa Street overhaul finally has a start date.

SPECIAL REPORT: Howard Ruby

Howard Ruby invented the corporate housing industry by launching Oakwood in 1968 after completing several other niche residential projects earlier that decade, including the South Bay Clubs for singles.

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Business District Eyes Alleys to Field Green Space

DEVELOPMENT: Project seeks to generate room for gatherings in South Park.

South Park, home to just a couple of small parks, is rich with construction but poor on green space.

Business Association Has Big Booster Seat to Fill

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.

Restaurants, Bars Aim to Feast on Football Fans

DINING: Tom’s Urban at L.A. Live among eateries to serve Rams on Sunday.

There’s a new game in town, and that means more potential business for sports bars and restaurants that cater to hungry fans.

SPECIAL REPORT: Michael Laznicka

The Business Journal spotlights local company founders for whom the advantages of being in Los Angeles hit home.

Sports Museum Makes Another Pitch for Fans

HOSPITALITY: Collector revives memorabilia venue after seven-year hiatus.

As the Dodgers mire through the dog days of summer, sports collector Gary Cypres is trying to ignite a passion for baseball among younger generations.

SPECIAL REPORT: Marc Mertens

The Business Journal spotlights local company founders for whom the advantages of being in Los Angeles hit home.

SPECIAL REPORT: Linc Gasking

The Business Journal spotlights local company founders for whom the advantages of being in Los Angeles hit home.

SPECIAL REPORT: Victoria Silchenko

The Business Journal spotlights local company founders for whom the advantages of being in Los Angeles hit home.

SPECIAL REPORT: Beatriz Acevedo

The Business Journal spotlights local company founders for whom the advantages of being in Los Angeles hit home.

Nonprofit Steps Up Historic Walks for Summer

TOURISM: Conservancy adds nighttime events to handle seasonal demand.

The Los Angeles Conservancy is trying to make it easier to explore L.A.’s architectural history on foot this summer.

Angels Flight Railway Gets Back on Track Online

TECHNOLOGY: Esotouric offers 3-D rides as actual funicular remains idle.

The Angels Flight funicular, billed as the shortest railway in the world, might be out of commission, but there’s a new way for enthusiasts to get their Angels Flight fix without leaving their computer.

Leonard Green Closes $9.6B Fund

West L.A.’s Leonard Green & Partners announced Tuesday that it has closed a $9.6 billion private equity investment fund.

Virtual Reality Might Change View of Homeless

VIDEO: Tyson Sadler aims to recast Skid Row’s image with ‘Artist’ production.

In the shadows of the dozens of luxury high-rise buildings popping up downtown are the unlikeliest of film stars, the homeless of Skid Row.

Working It Out

Five decades into career, Charles Arnoldi still spends six days a week in studio without an eye on sale prices

Charles Arnoldi invests time in his career without concern for big paydays.

Vet Exec Helped Sow Fashion District’s Growth

NONPROFIT: Kent Smith to leave business district after 17 years at helm.

When Kent Smith became executive director of LA Fashion District 17 years ago, the business improvement district only spanned 18 blocks.

Chocolatiers Look to Raise Bars at New Factory

FOOD: Mast Brothers to provide tours to visitors sweet on confectionery.

A pair of Willie Wonkas has made its way to the Arts District.

Music Center Cast in New Lights in Late Night

ENTERTAINMENT: Venue’s ‘Sleepless’ event mixes up DJs, dance parties, videos.

Music lovers lounging in bean bags, watching an abstract light show against the backdrop of thumping music might sound like the scene at a super-secret party, but it’s actually taking place at downtown L.A.’s Music Center.

Arts District Hits Home for Relocated Museum

NONPROFIT: Institution’s latest exhibit features artists inspired by neighborhood.

A museum’s new neighborhood has become the subject of its latest exhibit.

Theater’s Star Rises With Movie Events, Premieres

ENTERTAINMENT: Venue at Ace Hotel proves hit with films featuring L.A. focus.

Over the past few years, the Theatre at the Ace Hotel in downtown Los Angeles has rekindled its Hollywood roots by hosting a number of film premieres and screenings.

Medical Office Offers Shot In Arm to Downtowners

HEALTH CARE: Kaiser’s new outpost in Bunker Hill part of shift to smaller sites.

Though Kaiser Permanente is known for its massive medical facilities in neighborhoods including Los Feliz and West Los Angeles, the Oakland-based health system has been branching out with smaller offices such as one it opened last month in Bunker Hill.

Restaurant Group Keeps Accent on Italian Cuisine

DINING: Factory Place eyes another serving of succes at new Industrial District spot.

Factory Place Hospitality Group is continuing to infuse downtown L.A.’s Industrial District with Italian dining.

Downtown Renaissance Coming In on the Money

ECONOMY: Area boosters tout bright financial picture beyond pricey real estate.

Downtown L.A.’s renaissance has spread well beyond residents moving into high-price apartments and is now boosting the entire economy.

City Mulls Rules for Bidders Looking to Land Park

DEVELOPMENT: Plans for Angels Knoll expected to lean toward mixed use.

City officials are preparing to decide the fate of Angels Knoll – a small, hillside park along Olive Avenue in Bunker Hill that was made famous in the film “(500) Days of Summer.”

Sign on Building Points to Bigger USC Presence

REAL ESTATE: University adds name to property in lease deal for more space.

If you’ve driven by the 32-story office tower at Olive and 12th streets in downtown L.A.’s South Park neighborhood in the last week or two, you might have noticed there’s a new sign at the top.

Rival Design Firms Circle Pershing Square Makeover

DEVELOPMENT: Proposed projects all would remove walls to invite in public.

Pershing Square’s lousy reputation as an ugly concrete park is about to change. Ten design firms are vying to do a major facelift on the plaza, last remodeled 20 years ago.

Business Group Pitches Plan to Assist Homeless

Central City Association, which represents property owners and businesses in downtown Los Angeles, has put forth its recommendations on what needs to be done to address homelessness, especially around Skid Row.

Will Billionaire Bag L.A. Times?

MEDIA: Some deep-pocketed big names floated as buyers.

Wealth of interest among billionaires in buying the Los Angeles Times was revealed after the paper fired its CEO-publisher.

Price-Gouging Talk Leaves Sector’s Stocks in Hole

BIOTECH: Drug maker Puma among casualties of public uproar over pricing.

Democratic presidential hopeful Hillary Clinton’s price-gouging allegation leads to vote of no confidence in sector.

Tribune Publishing Analyst Rips Company, Recommends Sale

A local Tribune Publishing Co. analyst blasted the newspaper conglomerate in a memo today, saying it bungled the firing of L.A. Times chief executive and publisher Austin Beutner and called on the company to sell itself to Warren Buffett’s Berkshire Hathaway Inc. before its valuation dips any lower.

Soon-Shiong Interested in Buying L.A. Times

Dr. Patrick Soon-Shiong, the wealthiest person in Los Angeles, is considering making an offer to buy the Los Angeles Times, according to a source familiar with the situation who declined to speak on the record.

Multiple Bidders May Emerge for L.A. Times

In the wake of Austin Beutner’s firing from the L.A. Times and reports that billionaire Eli Broad could reignite his interest in acquiring the beleaguered paper, there are now rumblings that others could be interested as well.

Papers’ Parent Hopes LA.com Clicks as Sales Item

INTERNET: Broker believes Digital Media could pull in more than $4 million.

If you’ve ever wanted to own a piece of Los Angeles, now’s your chance to buy the name – online anyway.

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Filling Vacuum

Hyperloop firms take different funding paths

Elon Musk’s proposal for hyperloop travel has two local firms heading down different roads to funding.

Local Effort to Buy Times Turns to Karsh, Oaktree

Billionaire Eli Broad and other Los Angeles leaders might be trying to enlist Oaktree Capital Management co-Chairman Bruce Karsh, who’s company owns nearly a fifth of Tribune Publishing Co. stock, into the fight to regain local control of the L.A. Times.

New Activision Game Sets Digital Record

Activision Blizzard Inc., the Santa Monica video game publisher behind the massive Call of Duty and World of Warcraft franchises, has a new hit on its hands.

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Art Sting

Stolen paintings may cost pawnbroker $100,000

Pawnbroker Yossi Dina could be out $100,000 after his brush with some stolen paintings.

Papers’ Values Folding Fast

MEDIA: Tribune Publishing worth a fraction of BuzzFeed.

Print not so fine as firing of Los Angeles Times’ CEO points to problems at paper’s parent and with industry.

Venture Capitalists Share In Stock Market Unease

INVESTMENT: Turmoil puts focus on high valuations of institution-backed firms.

The global stock market upheaval of the last several weeks is causing many tech venture capitalists to consider the effect of public market volatility on private investments, particularly late-stage valuations, which have been driven up by institutional funds entering the market.

Expansion on Tap as Eatery Operator Consolidates

DINING: DineEquity plans to move Applebee’s unit into Glendale headquarters.

Expansion is on the table as DineEquity plans to bring Applebee’s International into its Glendale office.

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Humanity on Line

TECHNOLOGY: Sensay links up its users with each other to answer questions as way to compete with AI-powered apps.

Texting service Sensay touts users’ responses as the answer to competing in the question-assistance field.

Applebee's Moves HQ to Glendale

Restaurant operator DineEquity Inc. said Thursday that it would move the headquarters of its Applebee’s International Inc. chain from suburban Kansas City, Mo., to its Glendale corporate home.

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Public Pounding

Market chaos carves chunks from billionaires’ billfolds

It’s not just 401(k)s that have been roiled in the market downturn. L.A.’s wealthiest have seen billions evaporate.

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Gig Tunes Up Musical Vet

Brian Silverman turns spotlight on ’80s rock with singing telegrams.

Musical vet Brian Silverman’s latest career stage involves singing telegrams and heavy metal wigs.

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Control Issues

INTERNET: Viral video firm Jukin Media looks to crack down on rival’s website in move to enforce its licenses.

Jukin Media heads to court to become a bigger player in viral video by enforcing its content licenses.

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