Business and economy

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

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.

Garcetti appoints a city innovation technology chief

peter-marx-meg.jpg Peter Marx has been vice president of business development at Qualcomm Labs and vice president of the technology and digital studio at Mattel.

Gender and the female journalist who dares read the Internet

Nasty online bullying of women affects many people who you know. When it's aimed at journalists, it seeks to intimidate and silence.

Doug Kriegel returning to air as a drive-by economist

doug-kriegel-2014-grab.jpg The former NBC 4 reporter will host a monthly show on the economic life of Southern California on PBS SoCal. The first episode airs Thursday evening at 5:30 p.m.

Former Variety tower gets new tenant and name

Thumbnail image for variety-bldg-tower-side.jpg The Miracle Mile office tower formerly named for Variety (and before that for People's Bank) is getting a new top-floor occupant: SBE, the lifestyle and hospitality company headed by Sam Nazarian.



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.
Sign of the print apocalypse?
newsbox-apocalypse.jpgNews boxes on Ventura Boulevard in Tarzana. Bigger
Kimono exhibit at LACMA
kimono-panel.jpg "Kimono for a Modern Age" presents more than 30 of the traditional garments. Curator Sharon S. Takeda walks us through.
DTLA strand
grand-park0beach.jpg
On a pleasant summer Friday, the fountain in Grand Park becomes a concrete beach. See bigger / Joel Sappell
Blue on blue
mono-lake-july2014.jpg
Mono Lake on July 4 — no sign of the drought. More bigger photos
Mazursky's table at Farmers Market
mazursky-table.jpgLots and lots of dick jokes. Watch
Eastern Sierra
mammoth-parade-flag.jpgAnticipation builds for 4th of July parade in Mammoth Lakes.
New girl in town
janie-taylor-sitting-iris.jpgJanie Taylor retired as a principal dancer with the New York City Ballet this year and moved to Los Angeles. Native Intelligence
Route 66 at the Autry
rte-66-Dixon.jpgThe story of Route 66 could not be more mixed in with the story of Los Angeles. Some highlights
Oral history of The Palomino
willie-nelson-palomino-lamag.jpgWillie Nelson and everybody else played at the Lankershim Blvd. club. Story
Stairs behind the Orpheum
stairs-behind-orpheum.jpgThe view from behind Broadway's Orpheum Theatre. Bigger
At home with Olivia Munn
olivia-munn-vogue-grab.jpgFast answers to 73 questions from Vogue magazine. Video
Olive trees at BCAM
bcam-olive-trees.jpgA grove of century-old Northern California olive trees was transplanted on Bunker Hill. Read
Stanley Cup at Dodger Stadium
cup-alec-martinez-dodgers.jpgAnother Stanley Cup summer begins with Vin Scully. Pics
Arts District wall
nate-starkman-wall.jpgNate Starkman & Sons. LAO photo.
Streetscape: Sawtelle Boulevard
giant-robot-sawtelle.jpg Roof line of Giant Robot 2 in the Sawtelle district. View bigger
KCRW breaks ground
KCRW-Rendering-Reception.jpgNew Santa Monica studios would free the station from its longtime basement. Story
Oxnard Street
gasoline-storage-no-smoking.jpgNo, really — no smoking at the gasoline storage place in Van Nuys. Please.
Kings take Cup to the beach
kings-cup-on-beach.jpgThe first tweet of the summer from the keeper of the Stanley Cup is a Kings family photo on the beach in South Bay. Bigger
Streetscape: Burbank

aztec-financial-rust.jpg
West Magnolia Boulevard. LAO.

Union Station at 75
union-station-construction-acp.jpgPalm trees were planted even before the 1939 opening. Story and photos
Palm Springs heat
palm-springs-design-district.jpgThe desert is hip again. Or maybe it always was. Story
Van Nuys Boulevard, 1972
van-nuys-blvd-mack-girls.jpgClub night cruising photos we haven't seen before. Take a look