Business and economy

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

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...

LA Times names new Business Editor

Thumbnail image for latimes-building-aerial-tig.jpg Kimi Yoshino succeeds Marla Dickerson, who left the Times for the Wall Street Journal.

Australia may have Flight 370 wreckage in sight

aussie-pm-grab.jpg The prime minister of Australia, Tony Abbott, informed Parliament on Thursday morning that satellite images appear to show debris in the ocean under a likely flight path of Malaysia Airlines flight MH370.

Calumet Photographic closes on Highland (and everywhere else)

calumet-photo.jpg Photographers are noting the abrupt closure today of Calumet's Hollywood store, along with the shutdown of all other American stores in the Chicago-based photo supply chain. An LA photog explains why it matters.

Deluxe Laboratories to close Hollywood film processing shop

deluxe-film-lab.jpg Deluxe has been a major player in the production of movies on film and in digital post-production. But film is fading away.

Dawn Chmielewski leaving LAT entertainment and tech team

dawn-chm-twitter.jpg Chmielewski will join ex-Wall Street Journal tech writers Kara Swisher and Walt Mossberg at Re/Code.

Richest, biggest and most valuable in LA

getty-center-view-lawn.jpg I cherry pick some of the more interesting rankings from the Los Angeles Business Journal's annual book of lists.

A twisted tale: Trader Joe’s Peanut Butter Filled Pretzel

peanut-filled-pretzels.jpg The trouble began when Trader Joe’s allegedly switched suppliers, cutting out Aliso Viejo’s Maxim Marketing in favor of giant ConAgra Foods. Maxim has not gone quietly.

Occidental, LA's biggest company, leaving for Houston

oxy-hq-westwood-lao.jpg Restructuring Occidental Petroleum will give up its longtime home at the busiest intersection in Los Angeles. “Energy companies feel very welcome in Houston and in Texas,” says the head of the LA Chamber of Commerce.

Rich of the world once again investing in LA homes

blue-jay-way-home-bloomberg.jpg California mansions are being bought by Chinese families, foreign tycoons and U.S. celebrities as a hedge against currency and stock market disasters or the vicissitudes of politics, Bloomberg Luxury says.



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.
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
Wilshire Royale
royale-wilshire-mccollister.jpgAnother sweet LA street image from Kevin McCollister. East of West LA
Honor for Hahn
garcetti-hahns-meg.jpgCity Hall East is now named for former mayor James Hahn. Read
Academy museum
academy-museum-ball.jpgOscar statue may take over iconic corner. More
Yosemite fire cam
half-dome-smoke-twitpic.jpg
Wildfire smoke over Half Dome, viewed from Sentinel Dome. Bigger. Yosemite Conservancy.
Made in America scene
jay-beyonce-garcetti-aoki.jpgMayor Garcetti with Jay-Z, Beyonce and Steve Aoki at the music festival in Grand Park. Photo on Aoki's Instagram feed.
Giant floating ducky
duck-tall-ships-meg.jpgThe big rubber duck was the most photographed thing about the tall ships festival recently held in San Pedro. Photo: Mayor Eric Garcetti.
Ridiculous palm weeds
palm-weed-family.jpgIt's almost as if the three fan palm young 'uns have come to visit the palm tree zoo. Or a jailed parent. Bigger
City of LA historical photos
lachs-baldwin-hills.jpgMen on a storm drain project near the Baldwin Hills in the Depression. More images from newly digitized collection
La chambre photographique
la-chambre-sb-600.jpgSanta Barbara. Click to enlarge.
Dancers audition
barak-audition.jpgTryouts for LA's Barak Ballet. Photo by Judy Graeme
Weird Pacific summer
Velellas-htb.jpgCool, strange jellies are washing up on on LA beaches. Fauna
Take our picture Gary Leonard
gary-crowd-at-lapl.jpg Gary Leonard photo of the audience at his Central Library conversation with Kevin Roderick. Bigger
Curator's guide to Huntington
Learn about the redone gallery of American art. Native Intelligence
Voices of LA
voices-of-la-iris.jpgKamau Daáood recites poetry backed by a klezmer jazz ensemble at Breed Street Shul. Iris Schneider
Scythed chariot
Second Street, Santa Monica Place3 8-14 - Copy.JPGSpotted in Santa Monica by Ellen Alperstein. More
Streetscape | Sawtelle
street-art-sawtelle-pregnan.jpg No pressure. LAO photo.
Fans at KCON
kpop-emoting.jpg Fans swoon at LA's big Korean music festival. More photos by Iris Schneider
La Crescenta
lion-sign-lacrescenta.jpg What else is there to say? The sign is true.
Engine Co. 39
lafd-engine-39-diag.jpgWe like this old fire station in Van Nuys. Pics and backstory.