Business and economy

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

Villaraigosa buys in Beachwood Canyon for $2.5 million

villaraigosa-home.jpg A year ago friends were saying the former mayor had no assets and was living in an apartment. Now he buys in the Hollywood Hills.

LAPD Skid Row shooting: justified or overreaction?

chief-beck-grab-ezellfordpresser.jpg Chief Beck opens the investigation by saying Sunday's police killing downtown appears justified, while Skid Row residents are upset.

Nordstrom leaving Westside Pavilion for Century City

nordstrom-westside.jpg Just as the Expo Line will be arriving, Nordstrom will be relocating to a much bigger space a few miles east.

Jeb Bush's LA tech guy resigns over smarmy digital past

ethan-czahor-twitter.jpg "While Ethan has apologized for regrettable and insensitive comments, they do not reflect the views of Governor Bush or his organization and it is appropriate for him to step aside."

KCRW wants your proposals for 'vulnerable populations' project

kcrw-logo-blue.jpg Journalist or team selected will spend a year reporting on LA's most vulnerable populations. Deadline to apply approaches. Radio experience not required.

CalTrans re-opens another six miles of PCH north of Malibu

crane-pch-malibu-vdt.jpg All but three miles of the scenic coastal stretch between Yerba Buena Road in Malibu and Las Posas Road in Camarillo is now open.

Two sides of the gentrification conversation in LA

gentrification-law-ziegler.jpg The latest issue of LA Weekly takes an interesting approach to the hot topic.

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.



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.
Desertscape | Mojave boxcar
open-boxcar-mojave.jpgBoxcar on siding, Mojave Air and Space Port.
Streetscape | Colby Avenue
colby-quonset.jpgQuonset hut on the Westside. You'll never guess the address.
Streetscape | Sunset Boulevard
silver-lake-scene-sunset.jpgSilver Lake near Sunset Junction.
6th Street bridge design
Renderings for the the 6th Street Viaduct and an NFL stadium for Carson. Inside
Last Remaining Seats
wizardofoz-lrs-underhill.jpgEd Fuentes' advice on what to wear and where to eat.
Broad museum
bcam-couple-iris.jpgIris Schneider takes the tour of the art museum coming to Bunker Hill. Photos
Maestra Canellakis
Karina-Canellakis-300.jpgKarina Canellakis and more reviewed. Native Intelligence
Hollyhock House reopens
hollyhock-iris-girl-in-room.jpgIris Schneider's photos from the reopened Barnsdall Park landmark. Native Intelligence
Al Martinez remembered
al-mtz-memorial.jpgBill Boyarsky and Steve Lopez spoke at a memorial gathering at Bergamot Station. Photo: Iris Schneider.
Streetscape | Broadway
bridal-dresses-iris.jpgBridal and quinceaƱera dresses in DTLA. Photo: Iris Schneider.
Razed but not forgotten
Village-Books-Demolition-Jan-2015.jpgThe former Village Books has been torn down to remake Pacific Palisades. More
Night on Broadway
los-angeles-theatre-iris.jpgMovie palaces were packed on open house night. Photos by Iris Schneider
TV news oops
kcal-presip-oops.jpgDoes Rich Fields seem perplexed by KCAL's spelling of precipitation?
No more Mr. Disguise guy
jonathan-gold-truck.jpgJonathan Gold drops his anonymity as documentary screens at Sundance. More
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.
Bob Hope compound on the market
bob-hope-estate-google.jpgEstate in Toluca Lake is yours for $23 million. Peek inside
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.