Business and economy

News and observations on the economy, business, real estate, aerospace, tech, wealth, poverty and more.
 
Incorporating LA Biz Observed.

Michael Milken pitches Latinos as economic force (video)

milken-grab-lamag.jpg "The future of California is tied to the future of the Latino community in California," he tells Los Angeles Magazine. "If we don't make capital available to people with ability...our country is poorer."

Bob Hope estate in Toluca Lake back on the market

Bob_Hope_Estate_2014.jpg This time I guess it's a bargain: just $23 million, cut $4.5 million since 2013.

Ray Bradbury's Westside home is now a teardown*

bradbury-demolish-jkt.jpg The house is mostly gone already. Architect Thom Mayne may be the owner.

Tribune plans to 'redevelop' LA Times buildings

latimes-building-aerial-tig.jpg Chicago is seeking a partner to turn the corner of 1st and Spring into some sort of big mixed-use project.
southwest-plane-zocalo.jpg Joe Mathews writes that the airline that once made getting around the state so easy is becoming a big disappointment -- and making him rethink Gov. Brown's favorite rail project.

LA's bad traffic: A comparative advantage in new era of transportation?

NeilKremer110.jpg The next time you're stuck in traffic think about this: You're not just part of the problem. You're part of the solution. And not just for LA, but for the world!

Streetscape: Sidewalk homeless colony

homeless-virgil-avenue.jpg A homeless encampment on Saturday on Virgil Avenue, beside the Hollywood Freeway in what the blue signs call Wilshire Center.
internet-service-grafic.jpg A new report concludes that LA "has among the slowest, most expensive internet services in the industrialized world."

Virgin Galactic spacecraft crashes in the Mojave

virgin-galactic-hangar.jpg One pilot was killed and another injured when Virgin Galactic's SpaceShipTwo crashed in the desert north of the company's base at the Mojave Air and Space Port.

Chinese millionaires are buying mansions in Arcadia

arcadia-bloomberg.jpg Bloomberg Businessweek examines the latest influx of Chinese capital to transform a corner of the San Gabriel Valley.

Hang in there, the Apple hype is almost over (this time)

apple-com-grab-9914.jpg Walt Mossberg, the former Wall Street Journal tech columnist now writing for the start-up Re/Code, sort of parodies the hype and sort of joins in outside the Apple store in downtown Palo Alto.

LA Times reporter says au revoir to Silicon Valley

sock-puppet-obrien-crop.jpg Silicon Valley "is one of the most amazing places on the planet," says Chris O'Brien on his way to three years in France.

Renderings of three new residential high rises for DTLA

Broadway-Olympic-lofts.jpg There goes the view of the Jesus Saves neon sign and the rooftop panorama from the Ace Hotel.

Under the 405 in America's Suburb (photo)

under-405-parthenia.jpg Homeless' belongings parked in the shade under the freeway on Parthenia Street in North Hills, in the heart of the San Fernando Valley.

LA cop: Skid Row in a 'mental health emergency'

deon-joseph-dtla.jpg Deon Joseph, a senior lead officer in the LAPD's Central Area, has had enough. Skid Row, where he has worked for 16 years, has "once again become an outdoor asylum without walls."

LA Times doubles down on Hot Property

hot-property-grab.jpg The Hot Property blog is back on the A-list at LA Times.com, with a new hire and a newsroom memo to explain it all.

And the Garcettis sell their Silver Lake house

garcetti-home-sl-sold.jpg The buyer is reportedly Anthony Gonzalez of the band M83. No sales price has been reported yet.

Palm Springs declared hot in the hip sense (again)

palm-springs-design-district.jpg The New York Times' Fashion and Style section deems it an actual trend and pegs the coverage to Leo DiCaprio buying the old Dinah Shore estate.
bradbury-home-front.jpg The Cheviot Drive home where Ray Bradbury lived and wrote for 50 years has been listed for sale at $1.495 million. It's open on Sunday.

Mystery LAX disruption traced to legendary old spy plane

u-2-usaf.jpg The U-2 was developed and built at Burbank Airport and played a major role in the Cold War. CIA pilot Francis Gary Powers, shot down over the USSR in 1960 and swapped for a KGB spy, later died flying the KNBC news chopper.

Tioga Pass opened today, earliest in 26 years

tioga-road-deer.jpg Here's as sure a sign as any about the extent of the California snowfall drought.

Bad news coming from Toyota in Torrance on Monday

toyota-torrance-kabc.jpg The only question is how bad. A Texas newspaper says many of the jobs appear headed to West Plano, outside Dallas.

New LA Times tech editor will work from Bay Area

Russ Mitchell will guide coverage of Silicon Valley and tech companies, and write for the paper's Tech Now blog.

Former Robinsons in BH for sale again

Thumbnail image for robinsons-bh-hess.jpg The site at 9900 Wilshire Boulevard, just west of the Beverly Hilton hotel, would come fully approved for construction of a luxury condo project, says the LA Times.

Sign language

Mojave aster, Dante's View Death Valley 4-14 - Copy.JPG Sometimes, roadside attractions render the journey the destination
la-mag-grab-broad.jpg Broad tells Los Angeles Magazine the city needs "better political leadership and better citizen and corporate leadership than it’s had." He also confirms he is still trying to buy the LA Times.

Zócalo Book Prize to Ethan Zuckerman

rewire-cover-zocalo.jpg "Rewire: Digital Cosmopolitans in the Age of Connection" is in the view of the judges 2013’s most illuminating and compelling nonfiction book about community and human connectedness.

Malaysia informs families that MH370 crashed in Indian Ocean

malaysia-pm-grab.jpg Prime Minister Najib Razak of Malaysa announced Monday that analysis of satellite data confirms that Malaysia Airlines Flight MH370 flew south over the Indian Ocean after changing course and could...



Mark Lacter and LA Biz Observed
Mark Lacter created the LA Biz Observed blog in 2006 and posted until his death on Nov. 13, 2013. His 10,000-plus posts are archived here.
Shaker spitiruals
shaker-spirituals-iris.jpgFrances McDormand sings at Redcat. Iris Schneider
Streetscape | Stan the man
bench-stan-the-man-balboa.jpgIf he does say so himself. Balboa Boulevard, Granada Hills.
Playa Vista
playa-vista-hangar.jpgThe hangar where Howard Hughes built his Spruce Goose seaplane.
Streetscape | Recession over
crane-2nd-sanpedro.jpgConstruction cranes, like the one in Little Tokyo, are all across downtown LA these days.
Homicide detective retires
sal-labarbera-law-castro.jpgSal LaBarbera might be the LAPD's most prolific tweeter. More
Snowy grapevines
temecula-vineyard-snow.jpgNice photo from Temecula to go with recent cold weather. Inside
Streetscape | Pico-Robertson

sidewalk-art-pico.jpgSidewalk art on Pico Boulevard, attributed to street artist Thrashbird.

Hall of Justice
hall-of-justice-480.jpgSpiffed up to be occupied again. With palm tree.
Harpsichord haven
lao-berak-rucker.jpgCurtis Berak's basement in industrial downtown. Karen Wada
Photography masters
wales-bruce-davidson.jpgAn LA exhibit pairs photographers Bruce Davidson and Paul Caponigro for the first time. Examples and video.
Streetscape | Sunset@Alvarado
LA-Express-box-Sunset-alvar.jpgPorn must be affected by the print apocalypse too. Earlier spotting
Streetscape | Santa Monica Boulevard
smblvd-swap-meet.jpgBy Santa Monica Swap Meet, they mean East Hollywood.
Arts window | Hollywood costumes
Hollywood-Costumes-mayco-iris.jpgThis costume exhibit could be more wearable. Iris Schneider
Millard Sheets mural
millard-sheets-mural-crop.jpgArtist's work goes from home to the Huntington.
The Warwick
the-warwick.jpgCirca 1928 residential building on North Sycamore Avenue.
Day of the Dead

day-of-dead-2014-iris.jpgFestivities at Hollywood Forever cemetery. Iris Schneider

Little Tokyo
1st-street-little-tokyo.jpgA weekend on 1st Street.
Ficus vs sidewalk
sidewalk-eaten-by-tree.jpgTree wins on Ben Lomond Place in Los Feliz.
Engine 23
engine-23-5th-street.jpg 5th Street in Downtown LA.
Church of Type
church-of-type-pico-sm.jpg Pico Boulevard, Santa Monica.
Garden envy
garden-envy-vdt.jpgVeronique de Turenne has a case. Here in Malibu