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labusinessjournal.com LOS ANGELES BUSINESS JOURNAL Volume 33, Number 26 THE COMMUNITY OF BUSINESSTM June 27 - July 3, 2011 • $3.00 Up Angel Investors Talk Up Video Tech Front INTERNET: lion by Tech Coast Angels, the largest network of Vokle’s ‘virtual individual investors in the United States. auditorium’ a funding favorite. Vokle’s technology couples two hot Internet trends: social media and video advertising. By JOEL RUSSELL Staff Reporter Chief Executive Robert Kiraz explained that while Skype is the dominant Internet video service for one-to- When Republican presidential candidate Ron Paul one communications – what he called a video telephone decided to organize a virtual town hall meeting last – and services such as GoToMeeting provide a virtual week, his campaign did it with video streaming tech- boardroom, his company handles large gatherings nology from a Santa Monica startup called Vokle Inc. online in a format that he called a virtual auditorium. The Paul campaign was the latest in a string of “There are lots of video streaming technologies but DirecTV hopes Vokle success stories that have made the company a we’re different because we turn video into a social its germ-resistant darling among small tech investors. This month, the RINGO H.W. CHIU/LABJ remotes will company announced a total investment of $1.26 mil- Please see INTERNET page 49 Socialized: Vokle Chief Exec Robert Kiraz. click. PAGE 3

News & IHOP Aims High Analysis With Middle East DINING: Arab region on the menu for several L.A. chains.

By ALEXA HYLAND Staff Reporter

IHOP pancakes are heading to the Middle East, but bacon and sausage won’t be served as sides. In its first major expansion outside of North Ameri- Why you see ca, IHOP operator DineEquity Inc. of Glendale more business announced plans last week to open 40 franchise restau- people on bikes rants in nine Middle Eastern countries, an increasingly in Century City. popular destination for American restaurant chains. PAGE 5 The deal, a franchise agreement between Dine- Equity wholly owned subsidiary IHOP Franchise Co. and an affiliate of Kuwait-based M.H. Alshaya Co., is part of the company’s plans to grow the international People market for the IHOP chain, known for its pancakes, eggs and other breakfast fare. In recent months, IHOP restaurants have opened in Puerto Rico, the U.S. Virgin

Please see DINING page 52 RINGO H.W. CHIU/LABJ Racking It Up: President Steve Lee at clothing wholesaler Esley in downtown Los Angeles. Content Control How Ben Reznik became a Makes Headlines combatant in L.A.’s many MEDIA: Ebyline software helps land-use wars. PAGE 15 clients manage news freelancers. Better Fit By NATALIE JARVEY Free-trade pact tailor made for L.A. apparel firms? Staff Reporter In this age of the incredible shrinking newsroom, MAIL TO: By ALEXA HYLAND That’s because the U.S.-Korea Free Trade how can editors get enough stories to fill the paper? and HEEJIN PARK Staff Reporters Agreement, which the Obama administration is Former newspapermen Bill Momary and Allen Nar- expected to send to Congress in the coming cisse founded Ebyline Inc. in 2009 to provide a solu- OREAN-American Steve Lee and many oth- months, would give duty-free status to a signifi- tion, giving news organizations a way to work with ers in the L.A. apparel industry have long cant percentage of apparel and textiles imported freelance writers and syndicate stories more efficiently. Kmanufactured much of their clothing in from Korea, which have average tariffs of 17 per- Since launching last year, Ebyline has signed up China, mostly with Chinese fabrics. But a big alter- cent and 11 percent, respectively. The agreement some big-name customers, including the Los Angeles ation may be coming to L.A.’s fashion world. also immediately would eliminate tariffs on most Times and Variety. The company now has expanded If a pending U.S. free-trade agreement with South textile and apparel exports to Korea, which aver- its service to include radio and TV stations. Korea is ratified by both nations, Lee and some simi- age 8.3 percent and 12 percent, respectively. Joe Howry, vice president and editor of the Ventu- lar businesses may move their manufacturing to the Lee, president at Esley, which has a show- ra County Star, said Ebyline has helped the paper in United States or South Korea. And Lee, for one, room in the wholesale quarter of downtown the cost-cutting transition from covering news mostly could start using more Korean fabrics in his women’s with staff reporters to using more freelancers. clothing lines, which could lower costs. Please see TRADE page 50 Please see MEDIA page 51

Straight talk. Sound counsel. Practical solutions. Strengthened by time. At Snell & Wilmer, some things never change. www.swlaw.com 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

2 LOS ANGELES BUSINESS JOURNAL JUNE 27, 2011

LOS ANGELES BUSINESS JOURNAL ®

JUNE 27 - JULY 3, 2011 VOLUME 33, NUMBER 26

RINGO H.W. CHIU/LABJ Page 10: Senior Vice President Bill Blake at Zurich North America’s Glendale office.

GOVERNMENT – State plan to freeze ON THE COVER Vernon levies leaves businesses cold...... 8 INTERNET – Santa Monica startup Vokle’s REAL ESTATE – Glendale continues to video streaming technology has drawn steady bleed businesses despite the city’s tax angel investment. advantages and low asking rents...... 10 TRADE – A U.S.-South Korea pact may sow Columns & features – Media Watch 10, more business, especially for L.A. clothing makers. Advertising & PR 12, News of the Week 14 MEDIA – Ebyline is making news with its software that helps news outlets control the PEOPLE cost of buying and selling content. DINING – DineEquity has added Mideast INTERVIEW – Benjamin Reznik gets expansion to IHOP’s menu, hold the sausage a lot out of land use as a partner at and bacon. Jeffer Mangels...... 15

UP FRONT THE LIST TV – Satellite operator DirecTV thinks its germ-resistant remote control will help it RANKING – The 25 biggest retail centers check into more hotels...... 3 in Los Angeles County, ranked by gross AUCTION – Son of the late actor John leasable area...... 17 Wayne sees the western and war star’s items generating a lot of action...... 3 RETAIL – Dillon Morgan rolled to the Young INVESTMENTS & FINANCE Entrepreneur of the Year honor on the back of Columns & features – LABJ Stock Index his toy skateboards...... 3 36, Econowatch 38 Strengthened by time. Columns & features – Page 3, Regional Report 4 REAL ESTATE NEWS & ANALYSIS Columns & features – Real Estate TRANSPORTATION – Business-backed Column 44 Century City association is pushing alternative transit options to get traffic moving. . . .5 INVESTMENT – Bullish analysts foresee an COMMENTARY eventual end for veterinary chain VCA’s dog COMMENT – Charles Crumpley worries the days...... 5 REAL ESTATE – Developer Alan Casden L.A. City Council may fumble the good NFL has acquired the Westwood Palazzo stadium deal that’s been handed off to it. .54 mixed-use property and removed it from a TRANSPORTATION – Christopher Hill legal problem...... 6 calls on L.A. businesses to help drive the Purple LAW – L.A.’s Nossaman takes bigger Line subway through Beverly Hills...... 55 downtown digs to accommodate its growing TRASH – Ron Saldana doesn’t want L.A.’s Straight talk. Sound counsel. Practical solutions. legal practice...... 6 TV – Crown Media hopes two debt deals will waste collection system thrown out and At Snell & Wilmer, some things never change. improve the cable channel parent’s big replaced with more regulation...... 55 picture...... 7 Columns & features – LABJ Forum 54

www.swlaw.com Los Angeles Business Journal (ISSN 0194-2603) is published weekly. © 2011, Los Angeles Business Journal. Offices are located at 5700 Wilshire Blvd., Suite 170, Los Angeles, CA 90036. Periodicals postage paid at Los Angeles, CA and additional offices (USPS #492-930). Subscription prices: 51 issues and special issue, $99.95. For new and renewal subscriptions, call 1-800-404-5225. All other inquiries (323) 549-5225. Single copies, $3.00. Mailed copies, $5.00. Back issues, $8.00. Address and subscription inquiries to: Circulation Department, Los Angeles Business Jour- nal, 5700 Wilshire Blvd. Suite 170, Los Angeles, CA 90036. This newspaper is designed to inform decision-making executives, investors and managers on the trends, the growth and the ideas important to commerce and industry in Los Angeles County. Information in Los Angeles Business denver | las vegas | los angeles | los cabos | orange county | phoenix | salt lake city | tucson Journal is gathered from sources considered to be reliable, but the accuracy of this information cannot be guaranteed. Neither that information nor any opinion which may be expressed here constitutes a solicitation for the purchase or sale of any securities. Opinions expressed in letters to the editor and commentaries are those of the authors and not necessarily those of Los Angeles Business Journal. Member Audit Bureau of Circulations. LABJ has been adjudicated Nov. 1985 to be a newspaper of general circulation. POSTMASTER: Send address changes to Los Angeles Business Journal, PO Box 16825, North Hollywood, CA 91615. 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

JUNE 27, 2011 UP FRONT LOS ANGELES BUSINESS JOURNAL 3

rooms, for example, and Lodging Associa- More found 320 bacteria per tion, said the real Than Meets remote control, more attraction will be in than 3.5 times the aver- the 100-plus HD the Eye? age amount found on channels. all other items. “There is a big DirecTV looks to land Todd McDougall, push in the hotel more hotel clients with chief executive of industry to show germ-resistant remote. Germ Free Remotes, more HD program- an Austin, Texas, ming,” he said. DirecTV is trying to turn company that makes DirecTV estimates up the volume on its tiny share polypropylene remote only 20 percent of lodg- of the hotel market with a new control covers, pointed ings offer high-defini- package featuring more than out that the devices are tion channels, and it 100 high-definition channels. often neglected by will charge hotel opera- But its real weapon against hotel cleaning staff. tors $2.95 per room per its rivals: an antimicrobial “Imagine all of the month for the service. remote control. people who don’t Victor Sorribes, gen- The channel package, rolled wash their hands after eral manager of down- out last week, features a remote going to the bathroom town L.A.’s boutique O DirecTV’s new control that the El Segundo or people who are antimicrobial Hotel, said while a satellite TV provider claims can sick while traveling,” TV remote. microbe-free remote has reduce up to 99.9 percent of McDougall said. some promotional value, germs and prevent the growth Yuk. the real issue in choosing a televi- of bacteria, fungi and mold. Still, is a germ-free remote sion service provider is price, the In Character: John Wayne in trademark hat. The remotes have a special enough to help DirecTV – selection of channels and the will take place at the Hyatt “Some people would like coating, but DirecTV wouldn’t which until now had mostly high-definition offerings. Auction Regency Century Plaza Hotel to see a museum, but the disclose much about it. focused on the residential mar- “The antimicrobial remote on Oct. 3-5. museum thing makes me ner- Germaphobes have long ket – raise its hotel market would be a relatively minor To Put Up When John Wayne died in vous,” he said. been wary of hotels’ remote share that one analyst estimat- consideration,” said Sorribes, Duke’s 1979, his belongings were But he was cheered by controls, but they may have a ed at only 5 percent? whose hotel is served by satel- boxed up and sent to storage. the recent Beverly Hills auc- legitimate concern. A University Lynn Mohrfeld, chief exec- lite TV provider Dish Network. Son of John Wayne In 2003, Ethan Wayne took tion of Debbie Reynolds’ of Arizona study of hospital utive of the California Hotel – Deniz Koray unboxes memorabilia over John Wayne Enter- collection, which included from late movie star. prises, which licenses the the iconic Marilyn Monroe actor’s likeness. A year later, subway-grate dress from from Europe a few years ago. run up to $50 because they Ethan Wayne had tracked he found the 20 or so wooden “The Seven-Year Itch” that Toying With “It’s basically a real skate- are handmade and feature down crates of his father John crates that had since been sold for $4.6 million – far Award board, just shrunk down to 4 polyurethane wheels, colored Wayne’s belongings, but moved from Orange County exceeding presale estimates inches,” he said. axles and exotic veneer wood. wasn’t sure what he would to Gardena. of around $2 million. Teen’s tiny skateboards The boards are popular with Still, they’re cheaper than the find when he opened them. Ethan Wayne has Wayne thinks cos- earn him national teens who mimic the tricks per- $80 or so that a buyer pays for “We had no idea of what spent years preserv- tumes from his father’s entrepreneurial honor. formed on full-length skate- a typical German fingerboard. was there,” Ethan Wayne said. ing and cataloging films such as “Sands boards. Morgan saw Morgan assembles “We found the Academy the items, includ- of Iwo Jima” and Dillon Morgan has been the business opportu- the boards himself, and Award with a bunch of plastic ing guns and art – “The Green Berets” up to some tricks – and they nity after learning since starting the com- cups and Kleenexes.” although he had to could fetch large are paying off. about the high cost – pany more than two He will now auction off ditch some 1969 numbers, too. The recent high school grad- $30 – just to ship a years ago, has taken what was once packed away bottles of cham- Newport Beach- uate from Westlake Village fingerboard from more than 5,000 orders with trash as treasure. The pagne that were based John Wayne won the 2011 Young Entrepre- Germany. from his ZShred.com Academy Award for best cracked open or Enterprises also neur of the Year award and a So Morgan site and racked up actor for the 1969 film “True spoiled from the runs the John $10,000 college scholarship sources his materials Morgan $180,000 in sales. Grit” won’t be auctioned off, heat. He also faced a Wayne Cancer Foun- from the National Federation of domestically, giving Most of his profits but his father’s Golden Globe decision about dation and licenses Independent Business – out of a him a big cost advantage. have gone back into production. for the same movie will be, whether to open a the actor’s name and field of 4,000 candidates. “I wanted to be the first His enterprise has been along with some of the west- museum with the likeness on items His accomplishment? manufacturer of wooden fin- profitable enough that Mor- ern hero’s scripts, costumes vast collection or set such as pocket Z Shred, a company he gerboards in the U.S.,” said gan plans to continue produc- and other possessions. up an auction. knives, mugs and started as a 16-year-old that Morgan, 18, who said his years tion after enrolling this fall at The auction, run by the beef jerky. makes fingerboards. What’s a skateboarding and surfing California State University, Beverly Hills office of Dallas- Wayne’s ‘True – Jonathan fingerboard? Not even Morgan helped him with the designs. Channel Islands. based Heritage Auctions, Grit’ Globe Polakoff knew until his sister ordered one Z Shred’s fingerboards can – Deniz Koray

Real Estate Executives, Start Your Engines

Jim Howard lives in the fast lane. Or at least Revving Up Father’s Day about missing some he did for a few minutes last month when he and PAGE 3 After spending every Father’s Day at a car family obligation. I’ve three friends jumped into race cars at the Las show for nearly two decades, Bruce Meyer final- been a car buff my Vegas Motor Speed- CHARLES CRUMPLEY ly got his entire family to attend this year. entire life, so dedicating way. Meyer, president of Beverly Hills real estate Father’s Day to cars is The senior vice firm Meyer Pacific, is chairman of the annual nothing new for my president at real estate Michelle Schierberl, managing director in Jones Rodeo Drive Concours d’Elegance auto show. He family.” investment advisory Lang LaSalle Inc.’s Orange County office. They were has helped organize the event, which is held on More than 30,000 Bentall Kennedy’s joined by SEG Advisors Owner John Gephardt and Father’s Day, since it started in 1993. people attended the Woodland Hills office Jones Lang LaSalle broker Donald Ellis. This year his three adult children and all his free event June 19. The clocked in a top speed The race was not part of anything official; the grandchildren attended the show. theme was “La Dolce of 133 miles per hour four raced eight laps just for fun, with Schierberl “I went to their swim meets and soccer Meyer Vita” and only Italian during his first high- posting the fastest speed of 136 miles per hour. games and dance recitals,” he said. “So they can autos were displayed. speed race. Howard said he’d enjoy an adrenaline-pump- come to my car show.” The lineup included models by Alfa Romeo, Fer- Howard But Howard, 48, ing race again. Though, he added, one might not Meyer, 70, said his children grew up knowing rari, Fiat, Lamborghini, Lancia and Maserati. who said he likes to need to travel to Vegas to get the same rush. not to schedule family dinners or parties on Meyer said several of the cars were valued at drive the speed limit, didn’t fully understand what “It was definitely fun,” he said. “It’s pretty Father’s Day because he would be busy with more than $9 million. he was getting himself into when he buckled up. quick, but it’s a race track that was designed with cars. It’s a tradition he thinks other families “As I was banking into a turn going 120 miles banked turns to accommodate speed. I imagine if should adopt. Staff reporters Jacquelyn Ryan and Joel Russell per hour, I heard a little voice in my head say, you tried to turn at 50 miles an hour in your “If it’s their special day, they can do what they contributed to this column. Page 3 is compiled ‘This is real,’ ” Howard joked. home neighborhood, that would seem just as want,” he said of fathers. “We put it on Father’s by Editor Charles Crumpley. He can be reached at The race was planned by friend and fellow driver fast.” Day because they can come without feeling guilt [email protected]. 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

4 LOS ANGELES BUSINESS JOURNAL UP FRONT JUNE 27, 2011

News and notes from communities across REGIONAL REPORT Los Angeles County Lexus standards of service and receiving posi- WESTSIDE tive customer feedback. Keyes Lexus has earned the honor nine years in a row.

MARINA DEL REY CENTRAL AREA Lot to Be Proud Of: Marina Del Rey Toyota has received the President’s Award from Toyota Motor Sales. The Marina del Rey dealer- DOWNTOWN LOS ANGELES ship earned the honor for its high-quality customer care in its sales and service departments. Website Honor: The website of Transamerica Retirement Services Corp., a downtown L.A.-based retirement plan CENTURY CITY provider for businesses, was the only retirement plan provider site out of 42 rated to earn Joining ‘3000’: Air Lease Corp., a Century the “excellent” designation every quarter in City-based aircraft leasing company, is set to join 2010. The designation was given by Dalbar the U.S. broad market Russell 3000 Index. The Inc., a Boston-based independent analyzer of index, compiled by Seattle-based Russell Invest- business practices. ments, measures the performance of the largest 3,000 U.S. companies determined by objective and market capitalization, among other factors. Marina del Rey: Marina del Rey Toyota, winner of Toyota Sales’ President’s Award. Regional Report County office with its office in Signal Hill. To be considered for publication, Regional WEST LOS ANGELES The Signal Hill office, at 2698 Junipero Ave., SAN FERNANDO VALLEY Report submissions should be e-mailed to: will now handle all of Massingham’s Southern [email protected] Picked Up: Stratus Media Group Inc., a California clients. Santa Barbara-based live entertainment company, WESTLAKE VILLAGE Business news from companies in Los Ange- has completed its acquisition of ProElite Inc., a les County or nearby areas is listed on the West L.A.-based producer of mixed martial arts SAN GABRIEL VALLEY New Outpost: HREC Investment Advisors, page. Please be sure that press releases events. Stratus now owns 95 percent of ProElite’s the real estate brokerage and investment banking specify the name of the city and the name of stock, which trades on the Pink Sheets. arm of Denver-based Hospitality Real Estate the company along with the description of ROSEMEAD Counselors, has opened an office in Westlake the news. Submissions are evaluated on the Village. The new outpost, at 2945 Townsgate basis of company size and the significance of SOUTH BAY Disaster Relief: Panda Restaurant Road, will be overseen by Michael Blahosky and the announcement. The Business Journal Group, the Rosemead-based parent of the is the company’s third California office. tries to include as many listings as possible, Panda Express, Panda Inn and Hibachi-San but some may not be published due to space SIGNAL HILL chains, has donated more than $450,000 to the limitations. American Red Cross in support of Japan earth- VAN NUYS Please address all inquiries to the e-mail Office Integration: Massingham & quake and Pacific tsunami relief. The compa- address above. If you do not receive a Associates Management Inc., a community ny’s Panda Charitable Foundation matched Lexus Lauded: Keyes Lexus in Van response in a timely manner, association management subsidiary of Dallas- $228,966 in donations from Panda Express Nuys has received the car maker’s Elite of call (323) 549-5225, ext. 229. based Associa, has integrated its Orange customers raised in an in-store campaign. Lexus award, which is granted for meeting 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

JUNE 27, 2011 NEWS&ANALYSIS LOS ANGELES BUSINESS JOURNAL 5

gies for reducing congestion. Among the rec- ommendations: charging for use of roads and freeways during peak commuting hours, beef- ing up local transit systems and even designing mortgage programs that encourage people to move closer to work. According to the report, the biggest thing local employers could do to reduce congestion – especially those in business centers like Cen- tury City, Burbank’s media district or Warner Center in Woodland Hills – is to form transportation management associations. Right now, eight such TMAs are in place around the county; officials with the LAEDC and EDF would like to see dozens more. “Employers can’t wait for government to solve our transportation problems,” said LAEDC Chief Executive Bill Allen. “We’ve got to take some responsibility and behave dif- ferently. These are things that employers can do right now, with just a little effort.”

Regulation rebellion Hundreds of trip reduction programs sprung up 20 years ago in response to the South Coast Air Quality Management Dis- trict’s mandatory rideshare regulation that targeted employers with more than 100 workers. But after a business-led revolt, the agency scaled back the regulation in the mid-1990s and most of the programs and the TMAs that managed them disappeared. One of those that remained was at Warner Center in the west San Fernando Valley that draws in roughly 35,000 workers each day. RINGO H.W. CHIU/LABJ The association has 38 participating compa- Along for the Ride: Cannon Design workers pedal home from the firm’s office in Century City. nies, mostly large employers such as Kaiser Permanente. With a budget of roughly $200,000 per year – mostly from employer membership dues – the association provides car pool matching services, a $50 subsidy for first-month van pool riders, incentives for tran- Getting in Gear sit riders and prizes such as movie tickets for those who use alternative transportation. “We’ve been able to get one out of every three people who work in Warner Center out TRANSPORTATION: Century City businesses back bikes and of their solo-driven vehicles,” said Christopher Park, the association’s executive director. other modes of transit to cut down on traffic. In the case of Century City, major building owners had been talking for years about ways By HOWARD FINE Staff Reporter Santa Monica home. “I’ve found great bike lanes alternative commutes. Besides bicycles, car they could reduce the area’s legendary traffic and I just love the freedom of bicycling and not and van pools, and mass transit are being used congestion caused as 40,000 workers each day ARAH Beach, a marketing and graphics having to worry about getting stuck in traffic.” more often. There’s even talk of making Seg- pour into less than one square mile. The manager who works in Century City, Beach’s conversion was the ways available for use. mounting traffic jams there and on the entire S took up bicycling with her husband to goal of the new Century City This effort is part of Westside got so bad that some professional get in shape and compete in triathlons. But it Transportation Management LABJ POLL what leaders with the Los firms decided to move out of Century City. wasn’t until a bike-to-work contest organized Organization when office build- Are you ready for the mid-July Angeles County Economic Two of them, law firms Foley & Lardner last month by a Century City transportation ing owners and managers there closure of the 405? Development Corp. and the LLP and Goodwin Proctor LLP, moved to management association that she started two- created it a year ago to reduce labusinessjournal.com Environmental Defense downtown Los Angeles, where they have bet- wheeling to her job. congestion in and around the area. Fund had in mind when ter access to mass transit and are more central- Beach loved it. She now rides her bike to Since the organization offi- they presented a report early located for their employees. work at architectural firm Cannon Design at cially launched last October, 37 employers in lier this month looking at ways to improve Faced with the prospect of more such least twice a week. Century City have signed up as members and transportation in the county. “It’s great,” she said of the commute from her about 4,000 workers are experimenting with The report, “Vision L.A.,” outlines strate- Please see TRANSPORTATION page 49 Veterinary Hospital Chain Yanked by Shareholder three-quarters of its stake in order to raise cash percent last year. INVESTMENT: Shares in quickly. The Edinburgh, Scotland, investment VCA Antech Inc. (Nasdaq: WOOF) VCA’s business model largely hinges on manager controlled 11.5 million, or 13.4 per- Los Angeles FRI. CLOSE, PAST 5 WKS two trends. The first is aging baby boomer vet- VCA tumble following 25 cent, of outstanding shares as of March 31. CEO: Robert Antin 24 erinarians interested in taking out equity from sell-off by Baillie Gifford. The Scottish company could be not be Employees: 13,000 23 their practices. The second is younger veterinar- 22 reached for comment, but Michael Ruggirello, Market Cap: $1.77 billion ians who are more inclined to work for a salary. By DEBORAH CROWE Staff Reporter a Barrington Research equity analyst, thinks 21 VCA executives expect they can continue P/E*: 17 June 22: $20.20 20 that Baillie Gifford’s move was an internal one 19 growing the company by picking up more Pet-obsessed Americans love spending and not related to VCA’s long-term prospects. EPS: $1.23 5/20 5/27 6/3 6/10 6/17 practices, given the thousands of independent money on their four-legged friends. But during In fact, he believes that with even a modest *Twelve months trailing. Source: Yahoo Finance practices that remain in a still highly fragment- the recession, even veterinary hospital chain economic recovery VCA will emerge from the ed industry. That means once spending picks VCA Antech Inc. saw its growth slow markedly. doghouse. He is among four of 11 analysts largest operator of animal hospitals and veteri- up, so should its profit and revenue growth. VCA took another hit last week when its who follow the stock and rate it a “buy.” The nary diagnostic labs, and is the only national “Long term we don’t see any changes in largest investor apparently sold off a block of remainder are “neutral.” consolidator of veterinary practices. It has 528 fundamentals … based on our love and devo- stock, driving the share price down and making “This stock undoubtedly is a play on the eco- practices in 41 states and 52 laboratories, tion and attachment to our pets,” said Chief it one of the biggest losers on the LABJ Stock nomic recovery, so a return to worse economic including four in Canada. Financial Officer Tomas Fuller at a June 15 Index. (See page 36.) Shares closed down nearly conditions is definitely a risk to the company’s However, its recovery has trailed the broad- investors’ conference in New York. “But clear- 6 percent to $20.20 for the week ended June 22. story,” he said. “(But) don’t underestimate what er market. After posting revenue growth nearly this economy is like nothing many of us VCA’s largest shareholder, Baillie Gifford people are willing to spend on their pets.” ing 20 percent prior to the recession, that rate have ever seen, so we are definitely feeling it & Co., is believed to have liquidated roughly The West L.A. company is the nation’s fell to 3 percent by 2009 and rose slightly to 5 more than we anticipated.” 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

6 LOS ANGELES BUSINESS JOURNAL NEWS & ANALYSIS JUNE 27, 2011 Billionaire Developer Acquires Westwood Property The Business Journal reported last week that She added that discussions are under way Most of the loans taken out were for the REAL ESTATE: Palazzo the complex, along with five undeveloped prop- for similar deals on the other five properties, Palazzo: Casden Properties borrowed $173 removed from portfolio erties in Los Angeles and Ventura which are in West Hollywood, million of its $206 million development cost, counties, was mired in a partnership Santa Clarita, Oxnard, Ventura and still owes $166 million, according to the targeted by lender lawsuit. dispute that led to missed loan pay- and Simi Valley. Each property lawsuits, which don’t reflect any payments ments and foreclosure actions from will have its partnership dissolved Casden may have made this month. By ALFRED LEE Staff Reporter lenders led by Comerica Bank. separately. The foreclosure lawsuits were still pending Casden’s representatives have said Casey would not say whether in Los Angeles Superior Court at press time, Billionaire developer Alan Casden has that the properties would be brought Casden will retain possession of and Comerica’s attorneys could not be reached acquired 100 percent of the Westwood Palazzo out of any default once the dispute all of them. for comment. from his partners and is caught up on payments with partner Cerberus Partners LP, The foreclosure lawsuits Casden, whom the Business Journal esti- on the marquee apartment complex, according a New York private-equity firm, was allege Casden Properties LLC, mated in May had a net worth of $2.63 billion, to a spokeswoman. resolved. They have not released a company formed by Casden, succeeded in opening the Palazzo property in Financial terms of the deal were not details of the dispute. Casden Cerberus and apartment operator 2008 despite community opposition. His com- released, but it was disclosed that Casden By far the most valuable property of the Aimco, has missed payments since Novem- pany has said that it is now fully leased. established a new company called Casden half-dozen, the Palazzo was the first to be ber. Six banks claim that Casden Properties Of the remaining projects, only Movietown Property Co. LP to acquire all interests in the acquired 100 percent by Casden and brought owes a total of $199 million, including $4.6 Plaza in West Hollywood, featuring 370 con- Palazzo, which features 350 apartments and out of default, said Barbara Casey, an outside million in unpaid interest and more than dos and apartments, and 32,000 square feet of 50,000 square feet of retail. spokeswoman for Casden Property. $700,000 in late fees. retail, is ready to break ground.

Downtown Firm Your gr ow ing Picks New Office international business – in Downtown needs a global bank LAW: Nossaman moves HQ closer to ‘today’s that can support it. center’ near Staples.

By ALFRED LEE Staff Reporter

Downtown L.A. law firm Nossaman LLP is moving offices next month – but it’s not ven- turing far. After 43 years in the Union Bank building on Figueroa Street, the firm is moving four blocks south. The new headquarters will be in MPG Office Trust’s 777 Tower at Figueroa and Eighth streets. The 45-attorney office is moving to prepare for future expansion and to be closer to “today’s center of the downtown business area,” said Kenneth Kramer, the firm’s assistant managing partner. “There’s been a little bit of a shift. More recent development has been toward Staples Center and Seventh and Eighth streets, and that’s the direction we’re moving in,” said Kramer, who also pointed to an upcoming $40 million renovation of the nearby 7th & Fig retail center as a factor that appealed to employees. Nossaman, which Your business will evolve as it grows internationally. With HSBC’s on-the-ground network of counts seven offices 3,700 trade specialists, we have access to local market knowledge in over 60 countries and nationwide, has territories. Our expertise in global payments, trade, receivables, ﬁnance and foreign exchange added six attorneys to means no one is better placed to open doors internationally for you than HSBC. its L.A. headquarters in the last 14 months. And with HSBC’s global network, it enables both sides of any cross-border transactions to be Kramer To make way for handled by us—making it faster, more reliable and cost effective. additional expansion, the new space is slightly larger than the cur- We’ve been helping build businesses around the globe for 140 years. rent one – 44,000 square feet on two floors, Talk to one of our experts today. an increase of about 3,000 square feet. The Go to us.hsbc.com/trade, visit your local branch or call 866.909.1267. firm also has retained rights to expand onto other floors. In recent years, several law firms have been consolidating, moving and expanding in downtown. Haight Brown & Bonesteel LLP has announced plans to move soon from Westch- ester into a space at 555 S. Flower St. Because of Nossaman’s core practices, management never considered leaving downtown, Kramer said. The firm handles health care, financial services and insurance matters, and has expertise in public infrastructure and water issues. United States persons (including entities) are subject to U.S. taxation on their worldwide income and may be subject to tax and other ﬁling obligations with respect to their U.S. and non-U.S. accounts. U.S. persons should consult a tax adviser for more information. “Our client base is well-suited to having a HSBC Bank USA, N.A. Member FDIC, Equal Credit Opportunity Lender. downtown presence,” Kramer said. “It just ©2011 HSBC Bank USA, N.A. makes sense for us.” The firm’s 10-year lease will start July 15. 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

JUNE 27, 2011 NEW & ANALYSIS LOS ANGELES BUSINESS JOURNAL 7 Cable Channel Parent Puts Focus on Debt Deals TV: new strategy to improve programming. Oprah Winfrey Network, NBC’s new women- Looking ahead, company spokeswoman Crown Media takes Last year, the channel entered into a pro- friendly lineup and ABC’s upcoming Katie Tucker said Crown Media “expects to be up in steps to reduce interest gramming partnership with Martha Stewart Couric talk show, he wouldn’t be surprised to revenues for this year.” Living Omnimedia. The idea was to move see Hallmark Channel’s numbers drop further. payments by refinancing. away from expensive original movies and “Right now a lot of people are trying for the replace them with more economical cooking, women’s demographic, but there are only so By JOEL RUSSELL Staff Reporter self-help and talk shows. The four-hour week- many eyeballs,” he said. day lineup was anchored by “The Martha Crown Media stated in its 2010 annual Two debt deals announced last week by Stewart Show.” report that the Martha Stewart strategy would the parent company of Hallmark Channel Rich Hanley, assistant professor of commu- eventually allow the company to charge more were designed to lower interest payments and nications at Quinnipiac University in Hamden, for advertising, as measured in cost per thou- stabilize the financial future of the cable TV Conn., and an expert on cable TV, said the sand viewers. company. Martha Stewart strategy didn’t get the desired “These program changes have resulted Crown Media Holdings Inc. in Studio results. and may result at least initially in reductions City turned a profit in 2010 for the first time “Hallmark Channel ratings are declining in the ratings delivery of the channel,” the since it began publicly reporting finances in across the board and in particular for its key report stated. “But our plan is that, over 1997. Since 2008, it would have been prof- demographic, women ages 25 to 54,” Hanley time, these changes will increase our rev- itable except for large interest payments. said. “Crown Media faces an uphill battle.” enue through the delivery of a more targeted The stock has lost about 23 percent of its Hanley said the competition for women TV demographic and attraction of higher cost- value in the last three months, hitting a 52- viewers is ferocious, and with the launch of the per-thousand advertisers.” Tuned In: ‘The Martha Stewart Show.’ week low of $1.63 on the day the debt deals were announced. The debt offering announced last week con- sists of two parts: $300 million in senior notes to institutional investors, and negotiation of a new secured credit facility. With Aflac, you know that if your employees get hurt or sick they will have a safety net. Aflac Mindy Tucker, a spokeswoman for Crown Media, said that between both components, the helps pay costs that major medical doesn’t cover, by sending cash directly—faster than our company hopes to raise enough to pay off the $515 million it owes Hallmark Cards Inc. Aflac makes your benefits Crown Media (Nasdaq: CRWN) Holdings Inc. FRI. CLOSE, PAST 5 WKS even sweeter. Studio City 2.10 CEO: William J. Abbott 2.00 1.90 top competitors. Because it’s voluntary, it doesn’t cost your business a penny. Pretty sweet. Employees: 170 June 22: $1.71 1.80 Market Cap: $684 million Visit aflac.com/sweetbenefits, and see what all the buzz is about. 1.70 P/E*: 9 1.60 EPS: $0.19 5/20 5/27 6/3 6/10 6/17 *Twelve months trailing. Source: Yahoo Finance

“The purpose of this transaction is to have the company access public markets in order to lower borrowing rates and extend maturity dates to increase the financial stability of the company,” Tucker said. “It will lower debt payments immediately.” To address the debt problem, Crown first launched a recapitalization plan last summer. Its main lender was a subsidiary of Hallmark Cards of Kansas City, Mo., that held $1.1 billion in Crown Media debt, representing accu- mulated losses by the channel since the subsidiary bought a stake in 2001. The recapitalization was an equity-for-debt swap that trimmed the indebtedness to Hallmark to about $515 million, but gave Hallmark more than 90 percent of the common stock. Before the recapitalization, Hallmark owned about 67 percent of shares. Currently, the Hallmark debt carries interest rates between 9 percent and 11.5 percent, but those numbers are scheduled to increase to 12 percent to 14 percent before the end of the year. Lloyd Greif, chief executive at investment bank Greif & Co. in downtown Los Angeles, said the looming bump in interest rates explains the timing of the debt offering. He said the new debt will carry a slightly lower interest rate, probably in the 10 percent range. “Wall Street doesn’t have a high value on the company,” he said, noting that Standard & Poor’s gives the debt offering a “B-” rating. “It’s a low-rated issue and that increases the cost of capital.” Crown Media’s annual report attributed its first year of profitability to a general rebound in cable TV advertising and lower internal costs. The lower costs were due to fewer original productions, especially movies, which have traditionally sustained the channel’s audience ratings.

Individual coverage underwritten and offered by American Family Life Assurance Company of Columbus. In New York, coverage underwritten and offered by American Family Life Assurance Company Fewer viewers of New York. Some policies may be available as group policies. Group coverage underwritten and offered by Continental American Insurance Company. Policies may not be available in all states. Aflac In 2009, Crown Media put itself up for sale, pays cash benefits direct to the insured, unless assigned. Aflac processes most claims in an average of four days. For Continental American Insurance Company, the average is five days. There may but no buyer emerged. Chief Executive be indirect administrative or other costs.

William Abbott attributed the lack of interest NAD1116 to the company’s debt load and announced a 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

8 LOS ANGELES BUSINESS JOURNAL NEWS & ANALYSIS JUNE 27, 2011 Fee Freeze Plan Gets Cold Shoulder From Vernon freeze period is over, there will be a temptation to GOVERNMENT: Businesses increase power rates higher and faster, which still fear tax and rate hikes would have a devastating impact on power-hungry manufacturing companies. in state’s breakup proposal. Likewise, they believe that business tax and fee rates could skyrocket once the five-year By HOWARD FINE Staff Reporter freeze ends. There’s even concern that the county could use loopholes in the language of the bill When Vernon businesses last week got to step in and increase power or tax rates during their first look at promised protections under a the freeze periods. One such loophole states that state lawmaker’s plan to dissolve the city, they power rates could be increased if justified by an didn’t feel comforted. audit and discussed at a public hearing. They said the guarantees in the bill to “The tax environment would become very freeze rates and fees were inadequate and full unpredictable,” said Marisa Olguin, chief exec- of loopholes. utive of the Vernon Chamber of Commerce. “AB 781 doesn’t even come close to Olguin said the language in AB 781 has addressing our concerns,” said Eric Gustafson, raised more questions among Vernon business chief executive of Coast Packing Co., a meat owners than it has answered. That uncertainty, packing company in Vernon. “Nobody in the she added, will prompt many companies to re- business community feels reassured by it.” evaluate whether they remain in the city. RINGO H.W. CHIU/LABJ In the months-long heated battle over the End of the Line?: CEO Eric Gustafson at Coast Packing’s facility in Vernon. “This is going to force companies to look future of Vernon, the author of the bill that very seriously at their long-term prospects in would dissolve the city repeatedly promised ers said they feared that utility rates, business favoritism. Vernon,” she said. businesses there that he would craft additional license taxes, and other fees and taxes would John Vigna, spokesman for Perez, an L.A. Texas officials, eager to exploit this uncer- legislation to keep utility rates, taxes and fees skyrocket once the limited guarantee periods Democrat whose district covers Vernon, said tainty, have already targeted Vernon business- from skyrocketing if Vernon were disbanded. expire. They also say the top-notch fire, police AB 781 grants businesses in the city greater es. Earlier this year, Lone Star State Gov. Rick Last week, as Assembly Speaker John and environmental health protection services protections than other businesses in the state. Perry e-mailed scores of Vernon businesses, Perez’s bill to dissolve the industrial city south- they get from Vernon would suffer if put under “No other business in California will have inviting them to visit Texas and consider locat- east of downtown Los Angeles cleared a Senate county control. the protections in business license fees and ing facilities or relocating there entirely. committee, Perez unveiled a companion bill that “We know there will be no long-term sta- taxes for five years that Vernon businesses will Coast Packing’s Gustafson said that many would replace most of Vernon’s city govern- bility in our tax or utility rates,” said Juliet have under AB 781,” he said. of the businesses in Vernon will now be more ment with a special district under the control of Oehler Goff, president of manufacturing com- He also noted that Vernon’s Light and tempted than ever to consider offers from the Los Angeles County Board of Supervisors. pany Kal Plastics. “We know we will not have Power Department recently enacted a 16 per- Texas and other states. Under AB 781, electricity and natural gas the same level of services and economic cent hike in power rates and indicated that fur- “Those businesses that lease will let their rates in Vernon would be frozen for a year, advantages we enjoy today.” ther increases would likely be necessary to pay leases expire and use the rate freeze time in this while business taxes and other city fees would AB 781 is slated to be considered July 6 by off bond debt. bill to go look for other places to do business,” be frozen for five years. Zoning designations the Senate Local Government Committee. It is “They are talking about stability and rate he said. “Businesses like us who own our prop- that allow for heavy manufacturing would be a companion measure to AB 46, the bill that guarantees, but there are no such guarantees as erty will have to crunch new sets of numbers kept intact for 10 years. A special community would dissolve Vernon, and is attached in a things currently stand in Vernon,” he said. under AB 781 and see if it still makes sense to services district under the direction of county way that one can’t pass without the other. But even with the recent hike, Vernon’s power stay here,” he said. “I for one am not going to supervisors would deliver fire protection, utili- Perez is pushing for the dissolution of Ver- rates are still about 30 percent lower than the Los let our company that’s been in business 90 ty and street services. non because the city government is seen as a Angeles Department of Water & Power’s. Busi- years fail on my watch because of this legisla- Gustafson and other Vernon business lead- fiefdom riddled with corruption and ness leaders in Vernon say that when the one-year tion. If that means we have to move, so be it.”

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JUNE 27, 2011 LOS ANGELES BUSINESS JOURNAL 9

Save up to $10,000 on SBA fees (up to 1% of loan amount) on select loans.2 Chase is proud to be the nation’s #1 SBA lender,3 and right now we’re offering big savings on new SBA loans and lines of credit. Plus, we’ve made an even bigger commitment this year - we’ll lend $12 billion to small businesses in 2011. But hurry, this fee-waiver offer ends August 31.

See a Business Banker at your Chase branch today.

1. Applicable to SBA Express loans up to $150,000. Not applicable if multiple SBA loans are approved or have been approved within the last 90 days totaling more than $150,000.

2. Chase business checking account required to be eligible for fee waiver offer. Offer not available with any other promotions. Application must be submitted by August 31, 2011 and booked by November 30, 2011. Stated Maturity Lines of Credit, Renewable Lines of Credit, and Chase Auto Finance SBA loans are not eligible for this offer. Fee waiver will be credited at the time of closing of SBA loan or line of credit. Minimum loan amount is $10,000. Term of SBA loan or line of credit must be greater than 36 months. Chase origination and other fees may apply, and may vary based on the type and term of the loan. For SBA 504 loans, this offer only applies to closing costs, including appraisal and environmental fees, but not attorneys fees, related to Chase’s senior/permanent loan and shall be limited to lesser of one percent of Chase’s senior/permanent loan up to $10,000 or the actual amount of the closing costs. All extensions of credit are subject to credit approval by JPMorgan Chase Bank, N.A.

3. Based on number of approved SBA loans from 10/1/10 through 3/31/11, as reported by the U.S. Small Business Association.

© 2011 JPMorgan Chase Bank, N.A. Member FDIC. Equal Opportunity Lender. 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

10 LOS ANGELES BUSINESS JOURNAL NEWS & ANALYSIS JUNE 27, 2011

MEDIAWATCH

MOVIE BOX OFFICE Weekend Gross Total Gross Rank Title (millions) (millions) Distributor 1 Green Lantern $53.2 $53.2 Warner Bros. 2 Super 8 21.5 73.0 Paramount 3 Mr. Popper's Penguins 18.4 18.4 20th Century Fox 4 X-Men: First Class 11.9 120.4 20th Century Fox 5 Hangover Part 2 10.1 233.1 Warner Bros. 6 Kung Fu Panda 2 9.0 143.7 Paramount 7 Bridesmaids 7.1 136.5 Universal 8 Pirates: On Stranger Tides 6.6 220.7 Disney 9 Midnight in Paris 4.9 21.4 Sony 10 Judy Moody 2.1 11.0 Relativity Weekend ended June 19 Source: Bloomberg News PRIMETIME TV SHOWS Rank Program Network Rating* 1 America's Got Talent (Tues.) NBC 7.3 2 Voice NBC 7.0 3 NCIS CBS 6.0 4 NCIS: Los Angeles CBS 5.4 RINGO H.W. CHIU/LABJ On the Move: Zurich North America’s Bill Blake at the company’s Glendale office. 5 Mentalist CBS 5.3 Week ended June 19 *Each rating point equals 1.1 million homes. Source: Bloomberg News CABLE TV SHOWS Glendale’s Boons Become Rank Program Network Rating* 1 Pawn Stars (Mon., 10:30 p.m.) History 4.4 2 Pawn Stars (Mon., 10 p.m.) History 4.2 Busts as Businesses Depart 3 American Pickers History 3.5 4 Falling Skies TNT 3.4 5 Sprint Cup Racing/Michigan TNT 2.9 REAL ESTATE: President Bill Blake. “I just don’t think it’s the Week ended June 19 *Each rating point equals 1.1 million homes. Neighbors right spot for us given where our business gets Source: Bloomberg News snap up companies despite transacted. Our business is a people business. TOP SELLING ALBUMS We need to be in close proximity to our brokers. city’s low taxes and rents. But since everybody is downtown, we’d be one Rank Last Week Artist Title Label of the few major players who isn’t downtown.” 1 2 Adele 21 XL Recordings/Columbia By JACQUELYN RYAN Staff Reporter 2 1 Lady Gaga Born This Way Interscope Records Exodus 3 New Original Broadway Book of Mormon Ghostlight Records When Zurich North America leaves the That’s a reversal for Glendale, which was Cast Recording Glendale office market this summer, it will be able to attract insurers and brokerages as they 4 New Tech N9ne All 6's and 7's Strange Music the latest in a roster of tenants abandoning a left their fading Mid-Wilshire stronghold in the 5 New Ronnie Dunn Ronnie Dunn Arista Nashville city that has long been pro business and looks 1970s and 1980s. Over the last decade, howev- Week ended June 24 Source: Billboard.com like it should be attractive to companies. er, the industry has contracted and a resurgent MOVIE RENTALS - DVD/VHS The city boasts of having no gross receipts downtown Los Angeles has emerged as a cen- or business license taxes, and the Brand Boule- ter for professional service firms. Rank Last Week Title Distributor vard office hub is wide, clean and lined with Among the other companies that left Glen- 1 New True Grit Paramount tidy mid-rises built mostly in the 1980s. Down dale for various locales are Aetna Insurance 2 New Just Go With It Sony the street are the Americana at Brand and and Fremont Compensation Insurance 3 1 I Am Number 4 Disney Glendale Galleria powerhouse malls, where Group. Next year, the State Compensation 4 3 Drive Angry Summit employees can shop. Insurance Fund plans to vacate six floors and 5 New Sanctum Universal Yet the buildings are riddled with empty more than 50,000 square feet at 655 N. Central Week ended June 12 Source: Rentrak offices, and the market currently has the Ave., a building that still is the regional offices unpleasant distinction of having the fourth for disability insurer Unum. DVD SALES highest commercial vacancy rate in Los Ange- But even those that have remained have cut Rank Last Week Title Distributor Suggested Retail les County with nearly one-quarter of its Class back. State Farm is shedding 9,000 square feet 1 New True Grit Paramount $29.99 A space vacant. Emblematic of the problems: a when it will move from 701 N. Brand into 2 New Just Go With It Sony 28.95 mid-rise at 207 Goode Ave. that McGuire 25,000 square feet at 655 N. Central next month. 3 2 Gnomeo & Juliet Disney 29.99 Properties Inc. opened in 2009 and remains The city also acutely suffered during the 4 1 True Blood: Third Season Warner Bros. 59.99 virtually unoccupied. financial crisis and recession as tenants left for 5 3 I Am Number 4 Disney 29.99 “It is clearly an eyesore of vacancy, reflective Burbank and Pasadena, the two other members Week ended June 12 Source: Rentrak of the market – especially at night when you can of the Tri-Cities office market. Previously, see clear through the shell condition space on Glendale’s location helped it get overflow both MOVIELINK DOWNLOADS each floor,” said Arty Maharajh, a senior from Burbank, which bills itself as Media City Rank Title Distributor Suggested Retail research analyst at brokerage Transwestern. and boasts the headquarters of Walt Disney 1 Hall Pass New Line $15.95 It’s been a gradual, but ultimately dramatic, Co., and Pasadena, a hub for tech that is a 2 Battle: Los Angeles Columbia 12.99 change for the 6.3 million-square-foot market home to multinational engineering firms such 3 Red Riding Hood Warner Bros. 15.95 that was established largely through aggressive as Parsons Corp. 4 Just Go With It Sony 12.99 redevelopment and at one time was a growing In 2007, Warner Bros. Animation closed 5 True Grit Paramount 15.95 regional financial center for insurers and banks. its offices in Glendale and consolidated into Week ended June 22 Source: Cinemanow.com Even Americana at Brand developer Rick the main studio campus in Burbank. Caruso alluded to the problem this year when “Some tenants might consider Glendale, OUTTAKE OF THE WEEK he announced he wanted to work with the but at the end of the day it doesn’t have those Glendale Galleria’s owner to not only update (entertainment and engineering) drivers,” said NOT EASY the aging mall, but revitalize the entire Brand Shaun Stiles, director of office properties at BEING ‘GREEN’ Boulevard corridor. Colliers International’s downtown office. Warner Bros.’ “Green So what’s gone wrong? “You don’t have a real leading industry where Lantern” turned in a Consider Zurich, a unit of Swiss insurance you are able to get a lot of absorption.” not-so-shining debut. giant Zurich Financial Services Ltd., which had That’s not to say Glendale doesn’t have The comic-book adapta- long occupied nearly 50,000 square feet at 801 N. strengths. It is still a safe, low-tax and accessi- tion, starring Ryan Brand but is moving to downtown Los Angeles. ble city surrounded by several freeways – the Reynolds, left, pulled in It’s taking space at 777 S. Figueroa St., a same attributes that helped its build its office $53.2 million opening 52-story high-rise that is the headquarters of market from scratch in the 1980s. weekend, but looks American Insurance Group Inc. and is part Earlier this year, the city attracted Legal- unlikely to recover the of a growing insurance hub that includes Aon Zoom.com, which moved into 101 N. Brand estimated $300 million Corp., Marsh & McLennan Cos., and other from Hollywood after a dispute with the city of spent on its production large insurers and brokers. Los Angeles over business taxes. The company and promotion. “Glendale is a nice little city. There’s nothing wrong with it,” said Zurich Senior Vice Please see REAL ESTATE page 50 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

JUNE 27, 2011 LOS ANGELES BUSINESS JOURNAL 11

The Best Just Got Better.

The new Children’s Hospital Los Angeles.

What if you could create the perfect environment to help sick kids get better? Well, we’re proud to say we just did. Introducing the new 317- bed, $636 million Children’s Hospital Los Angeles, designed from the ground up to be the most advanced, caring and nurturing environment in our 110- year history. But what truly makes our shiny new hospital so special is the way it makes our doctors and nurses shine even brighter. Because we’ve put the very best tools in pediatric medicine in the very best hands — the doctors and nurses that have made us the only children’s hospital in California ranked “Best”on the U.S.News & World Report Honor Roll. 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

12 LOS ANGELES BUSINESS JOURNAL NEWS & ANALYSIS JUNE 27, 2011 Downtown L.A. Firm Looks to Get Politically Active Vegas to L.A. started a division called Buster Ink to focus on EXPANSION: New unit at R&R Partners, a Las Vegas-based ad print, outdoor and digital ads. Michael agency, has opened an El Segundo office Vamosy, formerly senior vice president of Englander Knabe formed through an acquisition. design at Fox Broadcasting, will lead the to pursue campaign work. R&R purchased two small local agencies, Buster Ink team. … Mercury Media, an Ballpark and Kaiser Marketing, and combined infomercial and direct-response ad agency in OWNTOWN L.A. public policy advoca- them to form an L.A.-area office. The compa- Santa Monica, has hired Shayne Forrester as cy firm Englander Knabe & Allen ny also hired Sean Hardwick, former account vice president of new business development. D has launched a subsidiary to focus on manager in the Orange County office of Draft- He will focus on short-form commercials, political campaigns in California. fcb, to run the El Segundo operation. defined as two minutes or less. Prior to joining EKA Campaigns will operate as an inde- Local clients of R&R include Boeing in Mercury, Forrester was director of new busi- pendent entity to focus mostly on ballot mea- Long Beach and Pepperdine University’s ness at direct-response agency Icon Media sures, but will also work with candidates and Graziadio School of Business and Manage- Direct in Van Nuys. … Luxe Hotels has select- independent expenditure committees that pay ment in Malibu. ed Pollack PR Marketing Group in Century for campaigns. EKA Campaigns is signing up R&R combines advertising, public rela- City as its main public relations agency. Pol- tions, government advocacy and research. Its lack will handle media relations, website cre- best-known work is the “What happens in ation and trade show strategy for the hospitali- ADVERTISING Vegas stays in Vegas” campaign for the Las ty chain. … Amy Levy Public Relations in &PR Vegas Convention and Visitors Authority. West Los Angeles has added three clients to its Rollout: Hot Wheels stunt at Indy 500. roster: Sherman Infinity Rings, a jewelry col- JOEL RUSSELL BizBash Anniversary lection; Jennifer Kushell, author of best-sell- BizBash, a trade publication for the event tion the Hot Wheels brand for client Mattel ing self-help business book “Career Doctor”; planning industry, threw a big party to cele- Inc. in El Segundo. and Kimberly Greene, author of the “Pop brate its 10th anniversary at the Pasadena Con- The campaign is based on research that Star” teen book series. Levy will handle media vention Center. The event attracted more than showed young boys and new fathers were the relations, trade and consumer advertising, and clients for the 2012 election cycle, but declined 1,400 people and 100 vendors. only people that bought the toy cars. The mes- trade show presence for Sherman, and signings to disclose them because the hopefuls have not The publication gave out awards for the sage of TV commercials and events tries to and speaking engagements for the authors…. officially announced that they’re running. best local events. Winners include the Emmy promote collecting Hot Wheels as a hobby, Show business PR shop PMK-BNC has added Chris Bryan, a Republican campaign con- Awards Governors Ball, Fox’s party for the especially among motor sports enthusiasts. two Hollywood executives to its management sultant EKA hired to lead the venture, said he Television Critics Association Winter Press Mistress launched the campaign in May, ranks. Nicole Perez-Krueger will serve as will help clients deal with the new redistricting Tour and “A Midsummer Night’s Gala” to rec- timed with the Indianapolis 500 auto race. The vice president in the talent department and lines and open primaries. He believes third- ognize the retirement of USC President Steven day of the race, a pickup truck rolled down an Stacy Freeman-Weitz will become vice presi- party candidates and innovative nonpartisan Sample. orange ramp that looked like Hot Wheels dent of corporate communications. Both will personalities will have better chances to win Speakers at the BizBash bash included track, then up and into the air before landing. work in the agency’s West Hollywood office. public office because of the new conditions. Michael Vargo, director of corporate events at The stunt set a record for truck flight at 332 Perez-Krueger, a veteran with the agency, has Bryan plans to help clients through web-based Walt Disney Co.; Hillary Harris, executive feet. clients who include Christina Aguilera, Lau- and mobile fundraising, online town halls, and director of special events at Warner Bros. A Mistress-directed TV commercial and ren Conrad and Jewel. Freeman-Weitz for- Internet advertising to publicize their message. Entertainment Group; and BizBash Presi- YouTube videos will continue the campaign merly worked at Beverly Hills talent and liter- Bryan began his career as a field represen- dent Richard Aaron. by showing a test facility where fictional life- ary agency UTA. tative on Jeb Bush’s first gubernatorial election size Hot Wheels are built and raced. in Florida. He later worked as a regional politi- Hot Wheels Stunt Staff reporter Joel Russell can be reached at cal director for Meg Whitman’s California Venice ad agency Mistress Creative has Agencies & Accounts [email protected] or at (323) gubernatorial run. done some fast work on its campaign to reposi- Miracle Mile ad agency Stun Creative has 549-5225, ext. 237.

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JUNE 27, 2011 LOS ANGELES BUSINESS JOURNAL 13

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14 LOS ANGELES BUSINESS JOURNAL NEWS & ANALYSIS JUNE 27, 2011

Last week’s major news from labusinessjournal.com NEWS OF THE WEEK and other sources

Udvar-Hazy unsolicited acquisition bid BOARD MOVE: Alternative ing and entertainment indus- PORT PERSON: Geraldine and Brad Keywell. Prior and its board is considering energy developer OriginOil try group. Knatz, executive director of BeachMint investors New the offer. Yahoo Inc. was Inc. plans to move trading on the Port of Los Angeles, has Enterprise Associates, Trin- identified as the potential pur- its shares from the Over-the- CAPITAL: Hanmi Finan- been elected president of the ity Ventures and Anthem chaser of the Los Angeles Counter Bulletin Board to a cial Corp. has commenced a International Association of Ventures also participated in site, which is backed by Walt major U.S. exchange in the public offering of about $75 Ports and Harbors. Knatz was the round. As part of the deal, Disney Co., News Corp., next several months. The million worth of common unanimously chosen at the Sharon Wienbar of Scale will NBC Universal and other announcement follows a big stock to help boost its capital association’s biennial World join the company’s board, media companies. The com- order for the L.A. company, levels and pay for growth ini- Ports Conference last month in and a representative from pany’s backers launched the which has developed a process tiatives. The Koreatown par- Busan, South Korea. Her term Lightbank will gain an JET BUY: Boeing Co. has service in 2008 in an attempt to extract oil from algae. Last ent of Hanmi Bank plans to observer seat. announced that Air Lease to retain control over online month, MBD Energy Ltd., an contribute a substantial por- Knatz Corp. will purchase up to 33 viewing of their TV and Australian company develop- tion of net proceeds from the BUYOUT: Mark Burg has jetliners. The agreement movie content. ing carbon-capture and storage offering to build capital bought out his partner’s 50 includes 14 firm orders and facilities at coal-fired power reserves, and fund acquisitions percent stake in L.A. produc- four options for the aerospace SALE: Alliance Films has stations, ordered a large-scale and other growth efforts. The tion and management compa- company’s next-generation agreed to purchase Canadian oil system from Origin. bank has 32 offices statewide, ny Evolution Entertainment. 737s, as well as five extended- film distributor Maple Pic- including 27 offices in Los He has also hired agent- range 777s and four 787 tures from Lions Gate Enter- NEW CEO: U.S. Digital Angeles County. turned-producer Michael J. Dreamliners. In addition, Air tainment Corp. for $38.5 mil- Gaming Inc. has hired for- Menchel as chief executive. Lease agreed to exercise lion. Alliance, a Montreal pro- mer News Corp. and Walt ENDING: Guess Inc. has Burg and Oren Koules were options on six airplanes from duction and distribution com- Disney Co. senior executive announced that co-founder will run until May 2013. The partners for 12 years in Evolu- last year’s order of 737s. Chief pany, will acquire Maple and Jon Richmond as CEO. The and Chairman Maurice Mar- association works with mem- tion – best known for produc- Executive Steven Udvar-Hazy its film library and will assume Beverly Hills company hopes ciano plans to retire from the ber ports in 52 countries to ing the “Saw” horror fran- announced the deal at a Paris Maple’s exclusive five-year to deploy an Internet gam- company when his employ- adopt a menu of best practices chise. They said in a statement Air Show press conference. Canadian distribution deal with bling platform in the United ment agreement expires Jan. for reducing greenhouse gases that they will continue to pro- Century City-based Air Lease Lions Gate, which has corpo- States. Federal law now pro- 28. He will continue to serve and curbing pollution from duce film and TV projects has a fleet of 46 new and used rate headquarters in Vancouver hibits interstate online wager- as nonexecutive chairman of vessels and port-related opera- together, including “Saw” fol- commercial jets, and antici- but major operations in Santa ing, but California and sever- the board. A native of south- tions. Other projects include low-ups. Menchel spent 23 pates more than doubling that Monica. Also last week, Lions al other states have consid- ern France, Marciano, 62, developing international years at Creative Artists number by the end of the year. Gate said that it will expand its ered legislation that could along with brothers George guidelines for fueling ships Agency before leaving in Asia-Pacific regional opera- make online poker legal and Paul, moved to Los with liquefied natural gas. 1999 for Michael Ovitz’s OFFER: Web video site tions in Hong Kong and reduce under the same doctrine that Angeles and in 1981 founded Artists Management Group. In Hulu LLC has received an its Australian presence. permits lotteries. As president Guess, which became known MINT MONEY: Beach- 2007, he formed his own pro- of digital media at News for its designer jeans and Mint, a Santa Monica opera- duction company, Relevant Corp. and earlier at Disney, provocative marketing. He tor of celebrity-endorsed e- Entertainment. labusinessjournal.com Richmond oversaw the devel- has held a number of senior commerce sites, has raised The best source for up to the minute local, national and opment and operation of sites executive positions and was $23.5 million in a new fund- EARNINGS: AeroViron- worldwide business news. that included Fox.com, FoxS- chief executive from 1993 to ing round. The round was led ment Inc. reported net FREE MORNING UPDATE ports.com and FoxNews.com. 2007. Paul Marciano current- by Scale Venture Partners, income of $17.6 million for He most recently was a man- ly is chief executive. George a Bay Area tech investor, and the quarter ended April 30, up Prepared by the editors of the Los Angeles Business Journal and sent to you by e-mail every business day. Sign up now at aging director at investment Marciano, the company’s Lightbank, a Chicago ven- 13 percent from a year earlier. www.labusinessjournal.com firm Houlihan Lokey, where original chief executive, left ture firm backed by Groupon Revenue rose 7 percent to he led the media, sports, gam- the company in 1993. co-founders Eric Lefkofsky $106 million. CALL FOR NOMINATIONS Is your CFO one of the best in Los Angeles?

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JUNE 27, 2011 PEOPLE LOS ANGELES BUSINESS JOURNAL 15

RINGO H.W. CHIU/LABJ Vacation Shots: Benjamin Reznik, partner at Jeffer Mangels Butler & Mitchell, in front of some of his travel photos at the law firm’s headquarters in Century City.

Benjamin Reznik covers a lot of ground as a land-use attorney at Jeffer Mangels and a Down to Earth frequent traveler to exotic locations.

By HOWARD FINE Staff Reporter Question: How did you decide to become until a couple years after that. So all that was a lawyer? Benjamin Reznik involved was just processing paperwork, HEREVER there’s a big land-use Answer: I had just married my wife, Janice, which could easily be done by architects and dispute in Los Angeles, Benjamin after finishing college and was looking at a TITLE: Partner engineers. Reznik is likely to be involved. Of career in foreign relations. Then, one day, my COMPANY: Jeffer Mangels Butler W course, he was a pioneer in the father-in-law pulled me aside and said, “Son, I & Mitchell LLP So you were a pioneer of sorts? field, entering at the dawn of homeowner oppo- think you should get a profession.” He was a Yes, it was exciting and I loved it. I was in the sition to development and the rise of the slow- very practical man and he encouraged me to get BORN: Haifa, Israel; 1951 trenches with the landowners and developers growth movement. With his wife, Janice, he a law degree. Once I got to law school, it really EDUCATION: B.A., political science, UCLA; and with the homeowner opponents. It really built up his practice in Encino and became grabbed me: You take everyday problems and J.D., USC Gould School of Law. brought the law to life in a confluence of pub- prominent in the San Fernando Valley business try to help people get to solutions or a resolution. lic policy, politics and constitutional rights. community as chairman of the Valley Industry CAREER TURNING POINTS: Taking the Even now, more than 30 years later, I still find and Commerce Association. Then he merged How did you get involved in land-use law? land-use case that led to his specialty; it exciting. his practice with Jeffer Mangels Butler & For the first few years after I opened my own decision to fold his practice into Mitchell LLP and headed up the firm’s land- practice on South Beverly Drive in Beverly Jeffer Mangels in 1997. What’s been the most challenging case use division. His cases have included some of Hills, I did a little bit of everything, including MOST INFLUENTIAL PEOPLE: Bruce Jeffer, you’ve worked on? the most hotly contested development battles in some land-use and transaction cases. I had also a founding partner of Jeffer Mangels; wife, That’s a difficult question as there have been Los Angeles. Some recent examples: He repre- worked on the first campaign of Zev Janice, who was co-owner of law practice for so many. It’s easier for me to focus on recent sents a Saudi prince seeking to build a mansion Yaroslavsky for Los Angeles City Council. 15 years and founded Jewish World Watch. cases. I’d have to say the one I’m working on near Benedict Canyon amid homeowner oppo- Shortly after he got elected, a constituent came now with the proposed mansion in Benedict sition, and Reznick is fighting Beverly Hills City who needed a zone change for a dental office PERSONAL: Lives in Encino with wife; Canyon. It’s billionaires vs. billionaires on this Hall on behalf of a family trust trying to con- in the Porter Ranch area. The councilman’s couple has three grown children. project and there are some really big egos, so vert an office building to medical office space. planning deputy told this doctor that he needed HOBBIES: Travel, golf. it’s unlimited funding on each side. That Reznik, 60, is the son of Holocaust survivors a land-use attorney and referred him to Latham makes it so hard to find a practical solution. who immigrated to Israel after World War II & Watkins and to me. The guy couldn’t afford and eventually settled in Los Angeles. His wife Latham & Watkins, so he chose my practice. this was back in 1979 and there really were no Any other challenging cases? founded and runs Jewish World Watch, which land-use lawyers around. Up until that time, The Beverly Hills medical building. That’s is dedicated to helping genocide victims in Then what happened? land-use cases were handled by architects and turning into a real exciting case. There’s Africa’s Darfur region and rape victims in the Since he needed a zone change, I told him to engineers. mounting evidence that the City Council hear- Congo. The pair loves to travel to exotic go talk to the neighboring landowners. Next ing on the proposal to convert it into a medical locales, including on safari in Africa, and trips thing you know, I get a call from one of those Why was that? office building was patently unfair, that the to Iceland and rural China. Reznik met with the landowners, Shappell Industries – the folks Well, until that time, there really was no orga- case was not decided on the merits. That’s Business Journal in his Century City office to who developed Porter Ranch – and they want nized opposition to development. The home- proving quite a challenge. chat about his most challenging cases, travels to meet with me, too. They ended up hiring me owner movement didn’t really get started until and wife’s humanitarian causes. to handle all their entitlement hearings. Now about 1980 and the slow-growth movement not Please see page 16 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

16 LOS ANGELES BUSINESS JOURNAL PEOPLE JUNE 27, 2011

How do you manage to work in all this Continued from page 15 travel with your case load? When my wife and I ran our own law firm, we You and your wife developed quite a really couldn’t get away all that much. But land-use law practice in the San Fernan- since I joined Jeffer Mangels, I’ve been able to do Valley. Why did you decide to join Jef- make more time to travel. There are more peo- fer Mangels? ple that I can delegate the work to. Plus, now, I was getting interviewed for the super large all our children are grown, so that frees us up a development projects and was being shortlist- little more. ed, but not getting hired. I was being told that I didn’t have the proper corporate size and You also like to play golf. resources. These were exciting cases that I Yes. I can see the Hillcrest Country Club from really wanted to handle and they were going to my office window, constantly beckoning me. the Latham & Watkins of the world. So I had to make a decision: stay with small and mid- What’s your typical day like? sized cases in our own practice or swallow a My schedule is somewhat unusual – though loss of autonomy and go join a big firm. maybe not for an Angeleno. As I live in Enci- no and the office is in Century City, I work You took quite a bit of heat for that deci- around traffic patterns. So I often work from sion. home in the mornings, making conference At the time, the secession battle was heating up calls as early as 7:30 a.m. Usually most days, I and I was the head of the Valley Industry and go to a city hall, whether it’s Los Angeles or Commerce Association. All of a sudden, I was Beverly Hills or Santa Monica, for hearings on joining a law firm in Century City. The Los In March: Reznik at the Angkor Wat temple in Cambodia. my cases. Those hearings are the central focus Angeles Times portrayed the move as my of my day. Then, in the late afternoons, I come abandoning the Valley. Yet it turned out to be back to Century City and am in meetings with the right move for me. I started getting those clients or with colleagues at the firm. larger cases. What about your evenings? On occasion, you have represented Of course, on many evenings, I have meet- homeowner and community groups bat- ings, either official public hearings on my tling development proposals. How do you clients’ projects or meetings with various reconcile that with the bulk of your cases stakeholder groups – homeowners, neighbor- representing developers seeking to build hood councils, etc. projects? I do not see myself as an ideologue in land-use Sounds pretty hectic. law. My duty is to the client. If a client is a Yes it is, and more so now than a few years homeowner group that believes a project is out ago. My staff in the land-use division is now of scale with its surroundings or otherwise down to 14 from 24 three years ago at the end flawed and I review the case and come to a of the real estate boom. So it’s a bit more of a similar conclusion, I have no problem repre- workload for all of us. senting that homeowner group. Your parents were Jewish World War II Such as? survivors. How did they escape the Holo- In the 1990s, I represented the Encino Home- caust? owners Association that was fighting the They fled into Russia. My parents didn’t erection of billboards going up to 65 feet in know each other at the time, but they each height when the city code clearly only separately ended up in Russia. My mother allowed 45 feet in that area. That was wrong In 1992: With President Clinton while chairman of VICA. fled to Siberia and Tashkent and my father and I was comfortable representing the home- journeyed all over the country selling goods owners. People may see this as an inconsis- on the black market. He was a commodity tency in my views, but that’s because people trader and very entrepreneurial. When the tend to view land use as a black-and-white war ended, they ended up in the same dis- homeowner vs. developer issue. placed persons camp, where they met and got married. They immigrated to Israel shortly What about your wife, who was such an after this and that’s where I was born. integral part of your independent law practice? So how did you end up in Los Angeles? My wife wanted to get back to her social After living in Israel for 12 years, my father activist roots and do work for non-profits. felt that the opportunities were better in the After she retired from Jeffer Mangels, she United States, so we all got on a ship in Haifa started from scratch Jewish World Watch, with $40 in my father’s pocket and came to the which has raised millions of dollars to help United States. We first went to my uncle’s deal with the genocide in Darfur and the place in Rochester, N.Y., and lived there for a rapes of women in the Congo. They dig year. My mother had a cousin in Los Angeles, water wells and clean schools, and they’ve so, in 1962, we came to Los Angeles. Two developed the world’s largest solar-cooking years later, my father borrowed some money program. They are now in multiple refugee and bought a half-interest in a liquor store in camps in Chad dealing with refugees from South Los Angeles. Darfur. The Watts riots were just a year away. Sounds like your wife has made multiple Did the store survive? trips to the region. Have you gone along The store was at 64th and Vermont; when the on any of these trips? riots hit, the store was looted. But two days No, I couldn’t. The trips are restricted later, all his neighbors came out to help him because they are refugee camps under spon- clean up. I remember helping out and then sorship of the United Nations and the spots going to work in the store. My father sold the on the small planes are limited to non-profit In 2002: With wife Janice, second from left, and their kids on African safari. store in 1970 and bought a board and care personnel. She’s going back to the Congo facility. He’s the classic American immigrant this fall. success story. Should I throw out my cell phone then? land is the most exciting and beautiful place. You must be concerned for her safety on Well this would be for minerals mined in the You can see the world the way it was 10,000 What’s the best piece of advice you’ve these trips. future. But as of right now, 95 percent of the years ago, with very little human presence. I received? Of course. We stay in touch by phone every minerals used in cell phones and computers – keep photos of Iceland and the other beautiful That came from Bruce Jeffer: You have to day. And she’s told me all the stories about including tin and tungsten – come from the places I’ve been to on my BlackBerry so I can have the discipline to manage the business those trips and there have been some harrow- Congo region (where slave labor is rampant). look at them when I get too wrapped up in aspect of a case, to deal honestly with the ing moments. But I’m immensely proud of So this legislation could have really far-reach- work. client on cost issues. In many law firms, attor- what she’s doing. Right now, she’s working on ing consequences. neys take on cases and then don’t say no to the legislation similar to the blood diamond legis- What’s on your list of places yet to see? client when the bills aren’t being paid prompt- lation except that it’s focused on the minerals You and your wife love to travel. What’s I have to say, when I recently picked up that ly. They are too wrapped up in the legal thicket that go into our cell phones and computers. the most exciting place you’ve been to? book of 1,000 places to see before you die, I to see this business side. We’ve seen some big They want to have a tracking system to know I get very excited about seeing awesome beau- was amazed at how many of the places that law firms go under recently because they the mines that the minerals come out of do not ty spots in the world, whether it’s Africa, Alas- I’ve been to. But the top destinations still on lacked the financial discipline. It’s not some- use slave labor. ka or Iceland. I’d have to say that for me, Ice- our list: Antarctica and Machu Picchu. thing you get taught in law school. 6,109 3,503 2,027 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page 1,959 1,647 JUNE 27, 2011 LOS ANGELES BUSINESS JOURNAL 17

X NEXT WEEK RETAIL CENTERS The 50 Largest Office Leases THE LIST In Los Angeles County; ranked by gross leasable area in Los Angeles County

X EXECUTIVE SUMMARY X THE TRENDS X THE PACESETTER

HE 25 largest retail centers in Los ITH 2.3 million Angeles County have more than 3,800 Consumer Economy square feet of T stores in 28.4 million square feet of Annual U.S. retail sales. W gross leasable gross leasable area. There are 15 retail centers $5 space, Del Amo Fashion with at least 1 million square feet of gross (in trillions) Center is the largest mall in leasable area in the county. 4 Los Angeles County. The Westfield Group, a Sydney, Australia, mall Torrance shopping center owner and operator, dominates the list with 3 is owned and operated by eight retail centers. Peter Lowy, the compa- Indianapolis-based Simon ny’s U.S. chief executive, became CEO of the 2 Property Group Inc. entire global company earlier this year after Plans were announced the retirement of his father. 1 last fall for a $200 million Westfield Group has plans for construction renovation of the mall and Del Amo: Largest mall in L.A. County. at properties in Century City and the West San 0 are beginning to move for- 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Fernando Valley. An environmental impact ward. Simon hired L.A.-based architecture firm Altoon + Porter to report has been completed for Century City Source: U.S. Census Bureau design the multiphase redevelopment of the center, which could begin and a draft EIR for the Village at Westfield as early as 2013. Topanga was submitted for public review in Del Amo Fashion Center first opened in 1975. It draws from a pop- February. Available Cash ulation area that includes affluent communities such as Rancho Palos Santa Monica-based Macerich Co. owns Per capita disposable income in California. Verdes, Palos Verdes Estates, Rolling Hills, Redondo Beach, Manhat- three of the largest malls in the county, includ- tan Beach and Hermosa Beach. ing No. 2 Lakewood Center. In addition, $40,000 The center is anchored by Macy’s, Sears, J.C. Penney, Burlington the company owns Century City’s Westside 35,000 Coat Factory and Marshalls. Specialty retailers include Crate & Bar- Pavilion, which has about 740,000 square feet 30,000 rel, Anthropologie, Disney Store and Coach. Restaurants include a of gross leasable area. It recently renovated BJ’s Restaurant Brewery and a Lazy Dog Café. Santa Monica Place, which has 523,000 25,000 In 2006, the mall underwent a $170 million renovation to add an square feet of leasable space. 20,000 outdoor lifestyle center, featuring shops, restaurants, an 18-screen The 25 largest retail centers in the county 15,000 AMC theater and Lucky Strike Lanes. have a total of 133,000 parking spaces, an 10,000 Simon is one of the largest mall operators in the country. It average of 5,300 spaces per facility. 5,000 acquired Del Amo in 2007 when it took over former parent company Mills Corp. Simon owns or has interest in 392 properties comprising – David Nusbaum 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 263 million square feet of retail space. – David Nusbaum Source: U.S. Department of Commerce

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18 LOS ANGELES BUSINESS JOURNAL THE LIST JUNE 27, 2011

Continued from page 17

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Advertising Feature

Hirings, promotions and special People on the Move accomplishments in local business

PUBLIC RELATIONS FOOD SERVICES FINANCE Malina Brown has joined full-service Farmer Boys® Restaurants is pleased Kelly O’Neil of the national advertising and marketing firm Fraser to announce the hiring of new Chief accounting firm Mayer Hoffman Communications as Director of Public Financial Officer Judy Lewis on June McCann P.C. was promoted to Relations. Brown heads Fraser’s 6, 2011. Judy brings with her more Managing Director of the firm’s growing PR practice, which spans both than 25 years of experience serving Southern California Audit Practice. traditional and social media. Previously as a financial analyst and controller, Kelly provides audit and consulting Brown worked as a journalist and U.S. primarily in the food services industry. services to companies in a wide Senate aide before leading an award- The goal is to have better data to range of industries. She works on winning social marketing campaign at forecast and manage cash flow and publicly-traded and closely-held Brown The Rogers Group. Lewis to inform decision making, whether O’Neil companies, including entities the decision has to do with real estate transactions or backed by venture capital. choosing new menu items.

ACCOUNTING

LAW S. Elizabeth Foster has joined the Los Angeles office of the international law firm SNR Denton as a Corporate partner. Foster Announce your joins from Luce Forward Hamilton & Scripps LLP. Foster assists her hirings, promotions Brock Minassian White national and international clients in growth-related corporate and NSBN LLP, CPAs and Business Consultants securities matters including start- and other moves. (www.nsbn.com) announces the promotions of Foster ups, mergers and acquisitions, CPAs Robin Weyl Brock, Eliza Minassian, and Ariel private equity, and public debt and equity offerings. White, from Managers to Senior Managers. Brock She is frequently involved in cross-border transactions and Minassian provide tax, accounting and business and has advised clients throughout the United States, consulting services to closely held businesses and Europe and Asia. Contact Rosz Murray business owners, foundations, estates and nonprofits. Both are also QuickBooks ProAdvisors®. White Globally, SNR Denton has been joined by more than 323.549.5225 ext. 215 provides business management, tax, consulting, and 60 lateral partners in the course of the year since the accounting services for businesses and individuals in firm’s combination took place between Sonnenschein [email protected] the entertainment and other industries. Nath & Rosenthal LLP and Denton Wilde Sapte LLP. 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

June 27, 2011 Advertising Supplement

The Los Angeles Business Journal presents Nonprofit & Corporate Citizenship Awards 2011

Presenting Sponsors:

Platinum Sponsor: Gold Sponsor: This special advertising supplement did not J.P. Morgan involve the reporting or editing staff of the Toyota Motor Sales, U.S.A., Inc. Los Angeles Business Journal. United Way of Greater Los Angeles 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

20 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL JUNE 27, 2011

Nonprofit & On June 29th, the Los Angeles Business Journal will proudly present our tribute to the nonprofits of Los Angeles. We'll honor those professionals and organizations that continue to make a positive impact on the community and do so under difficult financial constraints. Corporate Equally as important are the efforts of the corporations supporting these nonprofits. Many corporate executives volunteer time on boards and lend support through financial donations and sponsorships. These awards will recognize both equally important groups, and the Citizenship selection process for the winners of these awards has not been easy. Listed in this section are the three esteemed finalists for each award Awards 2011 category - all of whom, for all they do, are winners in our eyes!

GIVING is good. We all know that. Charitable donations, volunteer work, investments in the LETTER underserved…all tremendously rewarding. And corporate giving is in some ways even better – it stimulates positive brand awareness, does wonders for employee morale and helps the communi- FROM THE ty and a number of essential, wonderful causes in ways the vast majority of individuals cannot. But of course we know that times are tight and the economy as it stands presents challenges for many. So, why give hard earned dollars or precious time to a non-profit organization now, of all PUBLISHER times? The answer is simple. Now is as important – perhaps more important – a time to give than ever. At its very core, Los Angeles is a City built upon uniquely generous relationships between the corporations and the charitable organizations with which they have chosen to partner. The means to solving some of the city’s – and the world's – most pressing problems rest squarely in the private sector. Companies bring powerful and impactful resources to the table, above and beyond their significant monetary contributions. In the service of society, corporations can leverage their assets, including product and in-kind donations, volunteers, professional services, technology, and unsurpassed distribution channels. Yes, the bottom line is challenged during economically difficult times, but charitable giving must be considered part of the healing process. Social causes are, in fact, an essential part of corporate culture and business success. Tapping the resources of the corporate world to strategically match social, community, and public needs creates immense benefits for all parties – and that is something we can’t afford to lose in any climate. We at the Los Angeles Business Journal are proud then to present to you the volume you now hold in your hands – a roundup of finalists for our first annual Nonprofit & Corporate Citizenship Awards. Our Awards, with honorees to be announced Wednesday, June 29, 2011 at the Millennium Biltmore Hotel, are designed to honor those professionals and organizations in the nonprofit world that continue to make a positive impact on the community and do so under difficult financial constraints. Equally as important are the efforts of the corporations supporting these nonprofits. Many corporate executives volunteer time on boards and lend support through financial donations and sponsorships. These awards recognize both equally important groups. We hope these pages and participants inspire you as individuals, as citizens of this great region and as corporate decision makers. We thank and salute all of the nominees and finalists - those of you who give something back. You are more than heroes – you are an essential part of future corporate and societal success.

Best regards,

Matthew A. Toledo Publisher & CEO

FROM OUR SPONSORS

ON behalf of our 1200 PwC Los Angeles partners and staff, and more CONGRATULATIONS to the nominees of the Los Angeles Business Journal’s than 30,000 PwC people in the United States, I congratulate the winners Nonprofit & Corporate Citizenship Awards. We’re honored to join in rec- and finalists of the Los Angeles Business Journal's Non Profit and Corpo- ognizing these nonprofits and the corporations supporting them for their rate Citizenship Awards. It's particularly gratifying to see a number of invaluable contributions to our community. clients among the honorees, underscoring our shared commitment in Sponsoring this event is especially meaningful to us at Union Bank, as the importance of giving back. After all, encouraging our people to we share in the commitment to positively impact the communities we demonstrate responsible leadership by making a difference in our com- serve whether through our charitable giving activities or by offering spe- munities is a fundamental value at PwC. cialized relationship-focused services to the nonprofit sector. At PwC, we believe that corporate responsibility is about taking deliber- Our depth of experience in this market spans more than 80 years and ate actions that highlight not only the integrity that we bring to our we’re proud to introduce a new division—the National Nonprofit Lend- clients and to the marketplace every day, but also the commitment we ing Group—to meet the specific needs of private, nonprofit entities make to our people and to our community. We are now placing addi- including colleges and universities, K-12 schools, civic and social organi- tional rigor and discipline around the choices we make to have the high- zations, and museums. The group provides competitive lending and est impact in our communities. From educating youth through Junior banking solutions to help nonprofits finance capital expenditures and Achievement and giving back through United Way, to serving on local optimize their funds. nonprofit boards, every day we demonstrate our civic leadership -- Beyond our banking capabilities, we believe in giving back to the com- adding value to our community as individuals and, collectively, as a firm. munity through charitable donations, sponsorships, board participation, Last year, PwC reached out to communities through nearly 200 firm-led and other volunteering activities. We recently launched a program that projects during our firm's Summer of Community Service, impacting allows our Community Banking employees to take one day of paid time more than 70,000 children and raising over $145,000. off annually to volunteer. This year, PwC is celebrating 100 years in Los Angeles. In honor of our Union Bank also awards two percent of its after-tax earnings to non- centennial, we're kicking off a campaign called "100 Years of Service, 100 profits through the bank and the Union Bank Foundation, providing Ways of Giving Back." Over the coming months, our people will engage donations to more than 1,500 nonprofits annually. In 2010, our charita- with organizations such as United Way, Junior Achievement, Habitat for ble investments totaled more than $10 million. Humanity, Minds Matter, Los Angeles Regional Food Bank and Children's Nonprofits and the corporations and executives supporting them help Hospital of Los Angeles, participating in projects that support the commu- advance positive social and economic change. We salute them for mak- nity and reflect the firm's values and corporate responsibility commitment. ing a difference and helping our community thrive. Once again, congratulations to the finalists and winners! We salute you in your ongoing efforts to better our communities. Karim Teymourtache, Senior Vice President & Manager Martha N. Corbett John McGrath, Senior Vice President, Managing Partner National Nonprofit Lending Group Southern California/Phoenix Market PwC Union Bank, N.A. 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

JUNE 27, 2011 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL 21 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

22 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL JUNE 27, 2011

Nonprofit & Corporate ORGANIZATION OF THE YEAR Citizenship Awards 2011 FINALISTS (operating budget < $1 million)

FOOD ON FOOT MINDS MATTER OF LOS ANGELES THE TREVOR PROJECT

FOOD on Foot is dedicated MINDS Matter of Los Angeles THE Trevor Project has acknowledged the epidemic of anti-gay to providing the poor and is a mentoring organization bullying and has made it its responsibility to work to end the homeless of Los Angeles whose mission is to trans- tragedies that result from such bullying. The Trevor Project with nutritious meals, form the lives of accom- seeks to create a future in which all youth, regardless of sexual clothing, job opportuni- plished high school stu- orientations or gender identity, have access to the same possi- ties, and assistance in the dents from low-income bilities, opportunities, and dreams. Moreover, The Trevor Pro- transition to employment families by broadening ject is determined to prevent suicide among lesbian, gay, bi, and life off the streets. their dreams and preparing transgender, and questioning (LGBTQ) youth by providing life- Food on Foot provides a them for college success. saving and life-affirming resources, which include a nation- meal service that is currently held every Sunday in Hollywood, Minds Matter believes that helping its students (or mentees) attain wide 24/7 crisis intervention lifeline, digital community, and attracts more than 200 homeless and low-income individuals their dreams of college education further prepares them to succeed advocacy/educational programs that establish a safe, support- who receive a nutritious chicken dinner and healthy snacks, as in any endeavor they may undertake in the future. The organiza- ive, and positive environment for everyone. The Trevor Pro- well as a variety of donated goods such as shoes and clothing tion and its 30+ volunteers therefore believe they are helping culti- ject benefits all individuals regardless of sexual orientation, (including some appropriate for job interviews), blankets, vate the next generation of leaders. ranging from individuals seeking more information about vari- sleeping bags, backpacks, and other essentials. As a college readiness, access and success program, Minds Matter ous sexualities to LGBTQ who are seeking a safe environment The organization also features as Work for Food program, works to address the fact that despite their early academic accom- or advice while in crisis of suicide. attracting individuals in dire need of food assistance. Those plishments, high-achieving, low-income students face many chal- The mission of The Trevor Project is to provide assistance to who seek to demonstrate their willingness to work are given lenges with regard to college matriculation, completion and, by any individual who asks for help, provide resources for youth trash bags to fill with trash from the streets. For compensa- extension, future success. 24/7, as well as pioneering innovative methods to reach out to tion, they receive a gift card for food. After demonstrating In Los Angeles, the country’s 2nd largest school district, low rates youth in crisis. reliable performance at this task for a number of weeks, these of post-secondary enrollment and graduation can be traced to fac- The mission can be categorized into 5 directives: impact, individuals are eligible to join a weekday crew, cleaning shop- tors including the lack of advisory resources available for low- awareness, advocacy, expertise, and efficiency. The Trevor Pro- ping centers, parking lots, and businesses on a daily basis. To income students and inadequate academic preparation provided ject impacts LGBTQ youth by increasing the number of youth build their skills, workers also have access to weekly computer by the public school system. Research draws a link between col- accessing the program services using state-of-the-art technolo- training classes. For those demonstrating a strong work ethic lege enrollment and access to support services and information gy. The organization also generates greater awareness and and the basic qualities of a good employee on the weekday about the admissions, application and financial aid processes. For acceptance of LGBTQ youth by providing education, creating crew, FOF will begin the process of placing and supporting many of Minds Matter’s students, these resources can be difficult formal partnership with metropolitan public school districts, them in full-time employment in the community. In 2010, to navigate. Often guidance counselors at under-resourced schools engaging religious communities in a dialogue for advice and 242 individuals participated in WFF, with 17 moving to regu- have caseloads that far exceed their capacity. Furthermore, even support, and encouraging family acceptance of LGBTQ youth. lar employment. with access to adequate resources, many students from low- Additionally, The Trevor Project acts as an advocate for LGBTQ Food on Foot is the last resort for many of the individuals it income families may lack confidence in their ability to gain youth, promoting suicide prevention policies and mandates in helps. The organization works with men and women whose admission or to succeed at highly competitive colleges. schools. Furthermore, the organization works actively to main- deep emotional problems have led to lives of homelessness, Students like those in the Minds Matter of Los Angeles pro- tain its notoriety and respect as respected resource. Lastly, The substance abuse, incarceration, and an utter lack of belief in gram are often the first in their family to attend college. They Trevor Project continuously captivates both volunteers and themselves. Unimpeded by traditional funding models, FOF also typically come from families with working parents, who donors to ensure its sustainability. invests the tremendous amount of time needed to build its while supportive of their children’s aspirations to attend col- workers' confidence and help them overcome their fear of suc- lege, are rarely aware of the steps required to achieve this goal. cess - at the same time building partnerships with potential Minds Matter of Los Angeles attempts to fill that void by pro- employers who will give Food on Foot's graduates the opportu- viding the necessary resources and personalized guidance that nities they need. they might not otherwise experience.

FINALISTS ORGANIZATION OF THE YEAR (operating budget of $1 - $10 million)

BARLOW RESPIRATORY HOSPITAL DOWNTOWN WOMEN'S CENTER SOCIETY OF ST. VINCENT DE PAUL, COUNCIL OF LOS ANGELES WHEN it comes to deliver- THE mission of the Down- ing compassionate, dedi- town Women’s Center is to SINCE 1908 the Society of St. Vin- cated care as well as an provide permanent sup- cent de Paul, Council of Los Ange- intensive rehabilitation portive housing and a safe les, has been a part of the 178 year- regimen to those with res- and healthy community old international Society of St. Vin- piratory and complex ill- fostering dignity, respect, cent de Paul, whose members serve nesses, Barlow Respiratory and personal stability, and the needy of all faiths in 142 coun- Hospital is widely regard- to advocate ending home- tries. The Los Angeles branch of ed as one of the nation's lessness for women. The the Society is a non-profit, public best. Anchored in Southern California, the not-for-profit, acute Downtown Women’s Center is nationally recognized as a proto- benefit corporation that provides care specialty healthcare organization has an unwavering mis- type for programs striving to meet the unique needs of homeless programs and services for children, sion to improve the quality of life for patients with respiratory women. Within all aspects of DWC, women find support in cop- the homeless and the poor within and other diseases who may require prolonged acute hospital- ing with the multiple challenges that have contributed to their the counties of Santa Barbara, Ven- ization or specialized treatment in the Southern California homelessness: the effects of aging, mental illness, physical disabil- tura and Los Angeles that are free region. Barlow serves as a resource within the healthcare com- ity, domestic violence, poverty, and aging out of foster care. of charge regardless of religion, race, gender, sexual orienta- munity and the community-at-large by adhering to standards Founded in 1978, the Downtown Women’s Center (DWC) is tion, handicap or national origin. of excellence in patient care, research and education. a nationally recognized nonprofit that provides over 50,000 Among the Society's programs is the Circle V Ranch Camp, a Annually, Barlow provides care for more than 700 patients meals, 71 permanent supportive housing apartments, and a one-week resident camp program that teaches children life and admits more than 300 ventilator-dependent patients who wide array of health, education, and other supportive services skills, improves self-esteem, and enables guests to meet positive are transferred from the intensive care units of more than 70 to more than 2500 homeless and very low-income women role models, while spending time in a positive and nurturing Los Angeles hospitals. The hospital continues its dedication to each year. The Center meets its mission by offering a warm, environment. The Circle V Ranch Camp assists approximately serve an ever-growing population of critically ill patients who friendly atmosphere that encourages homeless women to com- 1200 underserved children with 98 percent receiving some benefit immensely from longer hospital stays and are often able mit to their own betterment and healing process. DWC’s sup- form of camp scholarship. The Society also offers Volunteer to recover with the advantages of personalized attention from portive community and much-needed resources allow home- Conferences where approximately 2000 men, women, young its elite team of specialists. Barlow also remains true to its distin- less women to reconnect with their sense of self, reclaim goals adults, and teenagers conduct home visits to determine specific guished history of accepting patients who would otherwise not lost in the day-to-day struggle for survival on the streets, and individual needs to properly assist people. Works include be able to receive long-term, acute care, due to the lack of exper- move toward self-sufficiency. In the local Skid Row communi- assisting at emergency food and shelter programs; conducting tise or resources at other facilities. On average, patients stay at ty, the Downtown Women’s Center is the only resource that is food, clothing and toy drives to help needy families and indi- Barlow for 30 days and by comparison, the average length of exclusively for and singularly dedicated to serving the unique viduals; providing referrals to victims of domestic violence, stay in short-term hospitals is only five to six days, making Bar- needs of this population. runaways and those in need of medical or dental treatment; low an irreplaceable link in the continuum of care. DWC’s services include meals, personalized case manage- aiding individuals with utilities and/or rental assistance; visit- Barlow stays relevant to the Los Angeles community by making ment, a weekly on-site medical clinic, health workshops and ing elderly shut-ins or those in prison; and follow-up to all ser- changes to reflect the needs of the population it serves. Through screenings, computer literacy classes, government benefits vices rendered. expanded specialized services to the greater Southern California com- advocacy, support groups, and job counseling. Self-expression Then there is St. Vincent's Cardinal Manning Center Shelter, munity, such as satellite facilities within regional hospitals, Barlow is classes, art workshops, creative writing workshops, and poetry which accommodates a maximum of 73 men, five women and able to focus on how to provide wellness to the surrounding environ- groups help women communicate feelings that are often diffi- seven children on any given night. It serves as a 28-day emer- ment as it improves its facilities. Furthermore, Barlow continues to cult to express. DWC celebrates every holiday and each gency shelter for homeless men and an 18-month men's maintain its culture of compassionate and holistic care by providing woman’s birthday, and conducts outings to cultural venues. advancement program that assists employed homeless men to well-rounded support to patients and their families through difficult These regular social and cultural activities are designed to cre- find permanent housing. transition periods. ate a community for the women and DWC’s team of over 700 active volunteers. 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

JUNE 27, 2011 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL 23

After 100 years it becomes more than a business relationship

We know what makes Los Angeles special. We also know the people who have built and shaped the success here. We proudly call them our clients. At our 100th anniversary of being a part of Los Angeles, we thank our staff and partners for their commitment, but most importantly we thank people like you for making us feel at home.

© 2011 PricewaterhouseCoopers LLP. All rights reserved. In this document, “PwC” refers to PricewaterhouseCoopers LLC (a Delaware limited liability partnership), which is a member ﬁrm of PricewaterhouseCoopers International Limited, each member ﬁrm of which is a separate legal entity. www.pwc.com 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

24 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL JUNE 27, 2011

Nonprofit & Corporate ORGANIZATION OF THE YEAR Citizenship Awards 2011 FINALISTS (operating budget > $10 million)

GOODWILL SOUTHERN CALIFORNIA TOBINWORLD UNION RESCUE MISSION

TRANSFORMING lives through TOBINWORLD is a private UNION Rescue Mission is the power of work, Good- non-profit special educa- the largest shelter of its will Southern California tion school for children kind and the oldest one in (GSC) serves people with and young adults with Los Angeles. Services disabilities or other voca- behavior problems. It was include food, clothing tional challenges, as well as founded by the mother of and shelter, life transfor- businesses, by providing an Autistic child, Judy mation programs, job- education, training, work Weber, who named the training classes, counsel- experience and job place- school after her son, ing, drug rehabilitation, a ment services. Amidst some of the toughest economic times this Tobin. She founded the school to keep her child, and others medical and dental clinic, Bible study and work therapy. URM country has seen, Goodwill Southern California is empowering like him, out of state hospitals. Now Tobinworld is one of the is the only mission in Los Angeles that serves men, women, individuals through education, training, and access to new largest special education schools in the state of California. Typ- single moms with children, single dads with children, two- employment opportunities; advancing businesses through its ically, students have been classified as severely emotionally dis- parent families with children and accepts families with recruitment services and green business lines; enriching commu- turbed, autistic or developmentally disabled. Often their prob- teenagers. In the last few years the mission has rescued over nities through partnerships, youth programs, and a positive eco- lems are so severe that it has been difficult or impossible for 900 families, representing 1,900 children, from the streets of nomic impact; and caring for the earth through repurposing used them to be accepted by, or successfully educated in, regular Los Angeles. goods, and recycling efforts which, in 2010 diverted a total of public school programs. Tobinworld's policy is to accept stu- While some agencies and missions have responded to the 25.4 million pounds of textiles, paper and e-waste. dents between the ages of 5 through 22 years of age without recession by reducing their programs and services, URM not In 2010, GSC served 92,353 individuals, including those with regard to race, sex, religion, I.Q., grade level or national origin. only increased its services, but tripled the number of meals disabilities and vocational disadvantages and 5,581 businesses. Tobinworld seeks to impart to each student the skills and served each day. Thinking "outside the box," URM also recent- We placed 7,490 people in new jobs through programs and ser- behaviors he or she needs in order to live as happy, normal ly changed its service delivery in its Hospitality and Guest Ser- vices offered at three campuses and 24 job service centers and productive a life as possible. The program philosophy vices Department. The new short-term emergency shelter pro- throughout Los Angeles, Riverside and San Bernardino counties. integrates special education with behavioral psychology and gram for guests is called The Gateway Program. Gateway par- GSC supports its mission with proceeds generated from opera- carries out an individual behavior and academic program for ticipants pay a nominal monthly fee for a bed and a part of tions at 65 retail stores and 42 attended donation centers, as well each student. that fee is set aside for savings that is returned to the partici- as contracts for secure shredding and electronic waste services. Today, there are more than 400 autistic, developmentally dis- pant upon departure. Gateway participants receive additional GSC has developed a highly sustainable business model funded abled or emotionally disturbed children at Tobinworld. These services such as regularly scheduled case management, the by retail sales and other contract revenues that support its mis- students often cannot find a place in the public or private opportunity to access their bed during the day, secure storage sion and provide no cost programs and services to tens of thou- school system. Many of the children are self-abusive or aggres- under their beds, transition assistance, medical care, emer- sands in need throughout our community. Last year, GSC’s oper- sive; some have been involved with gangs and drugs. Admis- gency dental services, and attendance in life skills classes, ating revenues totaled $130 million, of which $77 million was sion to Tobinworld is initiated through each student's home along with the regular services offered at the mission. attributed to retail sales and nearly $9.5 million was generated by school district's Special Education Placement Center. Tobin- Union Rescue Mission has certainly grown with Los Angeles. contracts for business services such as secure shredding and elec- world students are funded by public school districts through When the Union Rescue Mission was founded on December tronic waste recycling. These alternate business lines not only the state-reimbursed NPS funding model. An additional rev- 4th, 1891, the population of Los Angeles was 55,000 people. provide valuable and sustainable revenue streams, they employ enue stream was created in 2010 with the opening of Tobin- Currently the population is reported to be at just under 4 mil- hundreds of individuals with disabilities – offering many an world Treasures, a gift boutique located in a retail space across lion (3,792,621). Amazingly, the Mission is still actively serv- opportunity to earn a fair wage, enjoy a sense of inclusion and the street from Tobinworld's main campus in Glendale. ing the people of LA and expanding and adjusting its services camaraderie in an environment of respect and appreciation, and to meet the current needs of the population in need of help. a chance to be more fully integrated into the community at large.

FINALISTS LEADERSHIP EXCELLENCE AWARD (NONPROFIT LEADER)

NANCY AOSSEY VIVIAN SEIGEL ROBBIE GLUCKSON International Medical Corps JVS Premiere Oncology Foundation

IN her 25 years as President and CEO of AS CEO of JVS, Vivian Seigel manages AS Executive Director of the Premiere International Medical Corps, a global one of the largest non-profit, nonsectari- Oncology Foundation, Robbie Gluckson humanitarian relief and development an career-counseling organizations in oversees development, program services, organization based in Los Angeles, Nancy the state, with nearly 30,000 clients, grant writing, patient advocacy, and Aossey has been responsible for helping over 30 locations and a budget of $15 community outreach. She leads a deliver more than $1.1 billion in lifesaving million. Seigel came to JVS in 1977 as a groundbreaking Phase I cancer research health care and training to tens of mil- career counselor, when the agency had organization. Her passion for community lions of the world’s most vulnerable peo- less than 1000 clients. When she took service and patient advocacy is evident in ple in some of the toughest environments, over as CEO in 1996, the agency had her 24/7 work ethic. Enhancing the care including Darfur, Afghanistan, Haiti and only 5000 clients and a budget of just of cancer patients, their families, and the Democratic Republic of Congo. over a million. loved ones through psychosocial support, Aossey came to Los Angeles and joined International Medical She spearheaded JVS' expansion of its business and career ser- clinical trial research, education, and integrative medicine is Corps shortly after its founding here in 1984, transforming it vices division due to the increasing numbers of unemployed her life's work. from a start-up with a handful of employees, into a world leader professionals and businesses needing to streamline their hiring Her daily responsibilities cover a broad array of disciplines in medical crisis response and recovery with a staff of more processes. JVS' success rate is unparalleled in LA County with including leadership, operations, strategic planning, fundrais- than 4000 and thousands of volunteers. With a mission focused many people finding jobs within 3-6 months, as opposed to the ing, program development, marketing, communications, on training and educating local health care workers, Interna- national average of around 18 months. finance, management, policy review, compliance, board devel- tional Medical Corps, under Aossey’s leadership, restores self- With Los Angeles County's unemployment rate at around opment, and on-line fundraising. She has single-handedly reliance within communities, enabling local populations and 12%, JVS has seen a 50% increase in clients coming in, free of developed an integrative medical services clinic including health partners to physically and emotionally help themselves charge, for help. Many of these clients are the "new unem- acupuncture/TCM, pain management, yoga therapy, oncology recover and rebuild. ployed," white collar professionals who used to earn $100,000 massage therapy, oncology nutrition education, hypnotherapy, In addition to expanding International Medical Corps’ first and more, who have had fairly stable careers and who now qi gong, meditation, physical and lymphedema therapy, Reiki, programs in Afghanistan and Pakistan, Aossey personally have little idea of how to cope with the new job market. These and reflexology. launched its early humanitarian interventions in places includ- clients are architects, financial executives, higher level man- The Premiere Oncology Foundation's world-class psychosocial ing Angola, Somalia, Bosnia, Rwanda, and Kosovo, among oth- agers, and corporate executives. Many of them are single adults, programs for cancer patients and families assist them through- ers. One example of her commitment took place during Ango- without any sort of safety net. out all stages of their cancer journey. These programs utilize psy- la’s devastating civil war, as children were dying by the thou- Seigel has also worked with numerous state and county agen- chiatrists, nurse practitioners, marriage/family therapists, social sands from preventable diseases. She negotiated with rebel lead- cies to address shortfalls in services to people with special needs, workers, clinical psychologists, art therapists, and other profes- ers to enter the country and launched a massive immunization including co-authoring a bill to provide funding for employ- sionals in such areas as quality-of-life issues, useful day-to-day program that vaccinated tens of thousands of children. Her ment services to individuals, allowing them to enter the work- tools for survivors, spirituality, and caregiver support. Among exceptional leadership, courage and determination have helped place instead of relying on government support. Seigel also the many successful programs spearheaded by Gluckson is the International Medical Corps deliver innovative lifesaving pro- served as president of the International Association of JVS from art therapy program. The Premiere Oncology Foundation has grams in some of the most difficult and dangerous environ- 2001 to 2003, working with the 28 affiliated agencies across the been hosting Cancer & Creativity Workshops for adult cancer ments across more than 65 countries. Aossey’s ability to navi- United States, Canada, Israel and South America. She has survivors in the greater Los Angeles area since Spring 2008. The gate the ever-shifting nature of humanitarian work and inno- reached out to the community by forming successful partner- free art therapy group meets each Tuesday in Santa Monica. vate how relief is delivered in challenging environments, and to ships with agencies to provide job-services to people with dis- Were it not for Gluckman's ongoing efforts to seek funding for expand International Medical Corps’ reach to more underserved abilities and individuals looking to start their own businesses, the art therapy program and art exhibitions-they never would communities, is testament to her leadership skills, as well as her and with Beit T'Shuvah to help people struggling with homeless- have gotten off the ground. Now they are a permanent testa- integrity, and her humanity. ness and drug addiction get their lives and careers back on track. ment to the importance of the creative healing process that art therapy provides for cancer patients everywhere. 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

JUNE 27, 2011 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL 25

FST UP $ < QMBZ E BZ 7IBOLTUPBMMUIF3 / BOE FSZ UFM JMFT E F W 0 BU T N XP SM M JWF S UI F P EF O E XI BSPV ESF O DIJM

26 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL JUNE 27, 2011

Nonprofit & Corporate Citizenship Awards 2011 FINALISTS NONPROFIT TEAM OF THE YEAR

LA'S PROM CLOSET LOS ANGELES NEIGHBORHOOD NATIONAL KIDNEY FOUNDATION, LAND TRUST LOS ANGELES CHAPTER LA'S Prom Closet (LAPC) is a 100% volunteer non- THE LA Neighborhood THE National Kidney profit organization that Land Trust (LANLT) con- Foundation, a major vol- provides free prom attire verts vacant lots, aban- untary nonprofit health and self esteem workshops doned and nuisance organization, is dedicated to high school teens that properties into neighbor- to preventing kidney and are in financial hardship. hood parks and commu- urinary tract diseases, Most of the girls that ben- nity gardens in low- improving the health and efit from LAPC are not just income communities of well-being of individuals dealing with financial situations but are dealing with much color. Key to LANLT's and families affected by more serious life situations such as loss of family members, or work is an emphasis on grassroots organizing in creating and kidney disease and increasing the availability of all organs for are in foster care, or parents have lost their jobs and financially managing the parks and community gardens. Staff conducts transplantation. The Los Angeles Chapter of the National Kid- it is harder to just make it at the end of the month and pay extensive outreach to residents, stakeholders and community ney Foundation has a number of programs to aid in the early their bills. These young girls that LAPC serve are bright young organizations, and empowers them to plan, develop and detection and lessen the impact of kidney disease and trans- women that need to be reminded and given the recognition of manage the new spaces. Through this community-driven plant on the patients and families. all the hard work they have done in the past and are now grad- process, LANLT and local leaders, volunteers and families Twenty six million Americans have chronic kidney disease uating from high school. have jointly established seven green spaces and begun devel- and most don’t know it. In the Greater Los Angeles Area alone The LAPC team prides itself with giving these teens VIP ser- opment of three new parks in low-income neighborhoods of over 450,000 are suffering from chronic kidney disease. Early vice; the girls are greeted with their own personal shopper for Los Angeles. detection and treatment, including lifestyle changes and med- the day. The personal shopper sizes them for their ideal dress, The LANLT team has successfully completed the following ications, may slow or prevent its progression to kidney failure then takes them to alterations and brings them to the shoes, parks in low income neighborhoods in the last six years: Estrel- and lessen the risk of cardiovascular disease. make up, jewelry, purse, and shawls section. These girls receive la Park (South LA), Richardson Family Park (South LA), The KEEP PROGRAM funded entirely by donations generated everything for free because of donations made by the commu- Moothart Collington Community Garden (Koreatown), Bever- from this program provides free screening for early detection. nity. All the dresses and accessories are donated by individuals ly Union Park (Historic Filipinotown), Marson Park (Panorama This is a free health screening for people at risk for kidney dis- and some small bridal stores. City), 11th Avenue Family Park (South LA), Marsh Street Skate ease – area residents with diabetes, high blood pressure or a After the girls have received their dresses they get a chance Park (Elysian Valley), Fox and Laurel Canyon (Pacoima-Open- family history of kidney disease. In the Greater Los Angeles to attend a series of free empowerment workshops. Such ing June 2011), Fremont High School Community Garden and Area alone over a million are suffering from chronic kidney workshops included are college financial aid workshops, one Clinic (South LA-Opening November 2011) and Avalon/Gage disease. The summer TEEN CAMP PROGRAM is designed for is dedicated to etiquette, some are art workshops such as how (South LA- Opening Fall 2012). children suffering from chronic kidney disease, on hemodialy- to make your own jewelry, overcoming challenges facilitated Although the Land Trust is a relatively young organization, it sis, peritoneal dialysis or have received a transplant. Patients by professional motivational speakers, a dream building occupies a unique and important niche in civic society-creat- attending the Foundation’s summer camp have a fully workshop where girls make collages of their dreams on poster ing and maintaining neighborhood parks and community gar- equipped facility that will monitor all of their medical needs, boards, a yoga workshop to show girls meditation and relax- dens exclusively in low-income communities of color. The including dialysis treat-ments. This enables these children to ation poses, and lastly workshops on how to do your own Land Trust has significant staff and board capacity in the con- continue receiving life-saving treatments while allowing them make up, hair, nails and a health workshop. The girls walk tent areas required to achieve the proposed outcomes: land to enjoy the outdoor adventures of nature. away with everything and a goodie bag with the essentials acquisition, community organizing, policy advocacy, govern- needed for prom and some college as the next step materials. ment relations, landscape architecture and green infrastructure The LAPC team has helped over 550 girls go to prom since its operations and maintenance. establishment in 2008.

FINALISTS PROJECT COLLABORATION OF THE YEAR

CHILDREN YOUTH AND FAMILY COMMUNITIES IN SCHOOLS JVS' BANKWORK$ COLLABORATIVE - EDUCATIONAL OF LOS ANGELES WEST & CITY YEAR PILOT PROJECT LOS ANGELES COLLABORATION JVS' BankWork$ is a free bank career training pro- THE Education Pilot Project (EPP) is a collaborative of educa- AS the Executive Directors gram developed in part- tors, social workers, community based organizations, public at Communities in Schools nership with The Sheri and private entities dedicated to improving the academic per- of Los Angeles West (CIS- and Les Biller Family formance and educational opportunities for foster youth by LAW) and City Year Los Foundation (Les Biller is sharing data across agencies, using assessments and docu- Angeles (CYLA), respective- the former COO of Wells mented evidence to develop individual education plans tai- ly, Bud Jacobs and Allison Fargo and current Chair- lored to students' specific needs, and providing academic Graff-Weisner have culti- man of Sterling Financial remediation based on those needs. EPP is designed to be a vated essential collabora- Corp.), along with a consortium of banks financial institu- model program suitable for replication in any area in which tion between their organi- tions and community and government partners. They include school districts, child protective services, and community zations, the school district, and the private sector, to meet the Bank of America, Citibank, City National Bank, Continental stakeholders are willing to partner to improve the outcomes of immense need that exists in our city’s public education land- Services Currency, Inc., One West Bank, Pacific Western Bank, foster youth. The ultimate goal for the pilot project is to scape. In Los Angeles, 95% of all high school dropouts come from Union Bank, US Bank, and Wells Fargo. Additional funding demonstrate that public-private collaborations can prioritize just 47 local “dropout factories”– high schools where less than partners include United Way, the State of California Employ- and improve education for foster youth and in doing so elimi- 60% of students graduate from the 12th grade on time. For a sin- ment Training Panel and the Workforce Investment Board. nate the achievement gap by significantly improving their gle young adult such a fate can be tragic, but when the majority JVS' BankWork$ prepares participants for entry-level jobs in academic performance. of students from entire communities fail to graduate, the social the financial services industry. While it is only a first step, it EPP is, by definition, a collaborative effort requiring the and economic costs are profound and far-reaching. is the crucial step on a career ladder with unlimited potential contributions of all partners to effectively impact the foster Graff-Weisner and Jacobs bring unwavering commitment and for advancement within the financial services industry. The youth in their collective care. The success of the project is passion in their efforts to tackle the local dropout epidemic that is goal is a long-term solution, for both our clients and partners, dependent upon common goals, working relationships char- crippling our students and our communities. They are simultane- resulting in a stable career. The eight-week program, based on acterized by trust and communication, and an overriding ously advocates, conveners, thought-leaders, and coalition- a curriculum inspired by the specific needs of the banking belief in the potential of foster youth when given appropriate builders, navigating the intertwined arenas of education reform, partners, offers job training, job placement assistance and support and resources to counter the deficits created by fami- philanthropy, city government, and nonprofit service to ensure ongoing coaching for career advancement, with starting ly struggles or systemic barriers. EPP is overseen by an Execu- their organizations are operating at maximum capacity, with a salaries between $20,000-$35,000, plus benefits. At the com- tive Team comprised of high-level representatives from the singular focus on impact. Under their leadership, CISLAW and pletion of each class, there is a formal graduation ceremony, following organizations: Children Youth and Family Collabo- CYLA collaborate to deliver a scalable human capital strategy for followed by a private job fair with recruiters from the bank- rative; Department of Children and Family Services; County providing students in our city’s most challenged schools with the ing partners. Supervisor Gloria Molina; Los Angeles County Education evidence-based supports they need to stay in school and on track Virtually all of the BankWork$ participants are individuals Coordinating Council; and the Pomona and Montebello Uni- to high school graduation. Together, they have expanded their facing multiple barriers to employment, including those with fied School Districts. impact ambitiously and intelligently, to enhance educational disabilities, limited education, limited work history, English as EPP's unprecedented public-private team approach, coupled opportunity for the Los Angeles students who need it most. a second language, refugee status, foster care youth, single par- with a proven academic intervention system, has yielded Over the longer run, Graff-Weisner and Jacobs are now focused ent households, those below the poverty line and more. extremely promising results that, if replicated, could virtually on scaling so as to saturate more high-dropout feeder patterns in Approximately 93% of our participants are people of color. eliminate the achievement gap for foster youth throughout Los Angeles and meet the growing demand for their unique col- The age of participants ranges from 18 to nearly 70. To date, California and beyond. laboration. They are compelled to act on the increasing severity, JVS' BankWork$ has graduated over 400 people, with an aver- and solvability, of the dropout crisis; it is now clear which stu- age 87% hiring rate. Six months later, 75% of those are still dents are falling off track, and which interventions are needed to employed at the same institution. prevent them from dropping out. Through the coalition of stakeholders that they have brought together, it is now possible to turn around a critical mass of off-track students and significantly increase Los Angeles’ graduation pipeline. 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

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28 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL JUNE 27, 2011

Nonprofit & Corporate Citizenship Awards 2011 FINALISTS SOCIAL ENTERPRISE OF THE YEAR

ABODE COMMUNITIES TOBINWORLD GIRL SCOUTS OF GREATER LOS ANGELES

THE mission of Abode TOBINWORLD is a private THE Girl Scouts mission is Communities is to open non-profit special educa- to build girls of courage, new doors in people's lives tion school for children confidence and character, through creative and and young adults with who make the world a bet- responsible design, devel- behavior problems. It was ter place. Girl Scouts of opment, and operation of founded by the mother Greater Los Angeles service-enhanced afford- of an Autistic child, Judy (GSGLA) was formed over able housing. Headquar- Weber, who named the two years ago to be the suc- tered in downtown Los school after her son, cessor to six legacy councils Angeles, Abode Communities provides affordable housing to Tobin. She founded the school to keep her child, and others that served the diverse communities throughout Los Angeles extremely low-, very low and low-Income families throughout like him, out of state hospitals. Now Tobinworld is one of County. The vision and motivation behind this huge undertak- Southern California. Its core work is producing multifamily the largest special education schools in the state of Califor- ing was to combine resources, produce economies of scale, affordable apartments that are built sustainably, while maintain- nia. Typically, students have been classified as severely emo- enhance community partnerships and create a more efficient, ing ownership interest and management responsibilities to tionally disturbed, autistic or developmentally disabled. effective organization in order to better serve our current mem- ensure their long-term success. Often their problems are so severe that it has been difficult bers and to expand our outreach into underserved communities. Abode Communities has a 42-year history in Los Angeles. It was or impossible for them to be accepted by, or successfully GSGLA’s goals are to provide essential and relevant programs founded as a design center where young architects could volun- educated in, regular public school programs. Tobinworld's that support our mission. The organization offers hundreds of teer their time to provide pro-bono services to community groups policy is to accept students between the ages of 5 through 22 programs annually that focus on Business Smarts & Financial to plan and design socially beneficial projects like health clinics years of age without regard to race, sex, religion, I.Q., grade Literacy, STEM (science, technology, engineering, math), Well- and child care centers. With the need for affordable housing in the level or national origin. ness & Healthy Living, Environment & Outdoor Adventure, Los Angeles region reaching a tipping point in the 1980s, Abode Tobinworld seeks to impart to each student the skills and and Arts & Culture. Some of the topics in each of these areas Communities' focus shifted to the production and preservation of behaviors he or she needs in order to live as happy, normal include self-expression, managing money, body image, recy- affordable housing while its greater guiding principle continued to and productive a life as possible. The program philosophy cling, robotics, kayaking, computers, cultural appreciation, be engaging people in the development of their neighborhoods. integrates special education with behavioral psychology and rocketry, cyber bullying, astronomy, first aid training, and Since then, the organization has raised almost $350 million from carries out an individual behavior and academic program for career exploration. private and public sources, utilizing complex funding packages each student. Community service is a cornerstone of Girl Scouts programs, that may include Low-Income Housing Tax Credits (LIHTC), Today, there are more than 400 autistic, developmentally and through GSGLA, tens of thousands of Girl Scouts con- Community Development Block Grants, conventional construc- disabled or emotionally disturbed children at Tobinworld. tribute to their communities by assisting organizations that are tion and permanent loans and grants. Abode Communities is ded- These students often cannot find a place in the public or pri- in serious need. It is estimated that its girls provide well over icated to its strategic relationships with public agencies and vate school system. Many of the children are self-abusive or 750,000 hours annually in service locally, nationally and investors and are in close communication with its investors and aggressive; some have been involved with gangs and drugs. abroad. One example is the annual “Feed Your Neighbor” food public agency partners. They have invested this capital in low- Admission to Tobinworld is initiated through each student's drive where, in just six hours on December 4, 2010, Girl Scouts income communities completing more than 50 developments home school district's Special Education Placement Center. collected more than 79,000 pounds of food and delivered totaling almost 3000 homes throughout their history. Abode Tobinworld students are funded by public school districts those donations to local food pantries – representing over Communities' current portfolio of properties totals 34, serving through the state-reimbursed NPS funding model. An addi- 60,000 meals! These types of service projects not only have a almost 5000 residents. Abode Communities is now recognized as tional revenue stream was created in 2010 with the opening of profound and lasting effect on the young girls but also an an industry leader in the design and construction of energy-effi- Tobinworld Treasures, a gift boutique located in a retail space immeasurable, positive impact on the community. The pro- cient affordable housing. This includes the major tenets of smart across the street from Tobinworld's main campus in Glendale. gram has grown to be the largest girl-serving nonprofit in growth, building infill, urban communities that are transit and greater Los Angeles with more than 40,000 members encom- pedestrian-oriented, have a greater mix of housing, commercial passing all socioeconomic and ethnic backgrounds. and retail uses.

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JUNE 27, 2011 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL 29

FINALISTS CORPORATE PARTNER OF THE YEAR

HASBRO STUDIOS STAPLES CENTER FOUNDATION TOYOTA MOTOR SALES, USA, INC.

EACH day, children across the globe SINCE the inception of STA- TOYOTA is committed to are faced with challenges that PLES Center Foundation, being a good corporate cit- would overwhelm most adults - more than one million izen in the communities these children are the focus of Has- tickets have been donated where it does business and bro's philanthropic and volunteer to local non-profit organi- believes in supporting pro- commitments. Hasbro's approach zations, sending boy grams with long-term sus- to its philanthropic activities scouts to Lakers games, tainable results. Toyota allows it to spread its impact and homeless families to the supports numerous orga- gifts, in the form of both financial circus and mentorship nizations across the coun- grants and product donations, pairs to the X Games, and just about everything else imagin- try, focusing on education, the environment and safety. Since across multiple organizations able, but that is just a small piece of the Foundation's important 1991, Toyota has contributed more than $539 million to phil- working in every sector where you work. STAPLES Center Foundation provides facilities, rent free, anthropic programs in the U.S. and is known for “The Toyota may find children and families in to organizations such as HOLA, The Posse Foundation and City Way,” a philosophy that dates back to the birth of the compa- crisis or facing difficulties. Together, Hasbro and its nonprofit Year. The Foundation has also supported families such as the ny. Its two main principles: respect for people and continuous partners and beneficiaries work towards the goal of bringing Baileys, nine relatives who were displaced to Los Angeles after improvement, also known as “kaizen” in Japanese, affect the joy, hope and empowerment to children and families Hurricane Katrina, who the Foundation adopted and helped way they do business every day. This same philosophy applies throughout the world. SOS Children's Villages, Operation offset living expenses for ten months after the ordeal. to Toyota’s philanthropic efforts in the U.S. and around the Smile, Boundless Playgrounds, World Vision and the Associa- The Foundation has also contributed more than $10 million world. Since Toyota began operations in this country in 1957, tion of Hole in the Wall Camps are among Hasbro's global to local charities and makes large-scale, multi-year commit- giving back to the communities where they do business has and national philanthropic partners. ments to non-profit organizations within a three-mile radius been of utmost importance. As a leader in the industry, they Key Los Angeles-area initiatives Hasbro has supported of STAPLES Center. The Foundation has committed sizable are committed to improving the lives of their associates, include: The Help Group, the largest and most comprehensive grant making - more than $1 million to Inner-City Arts, pro- enhancing the quality of life for their many loyal Toyota cus- nonprofit organization of its kind in the United States serving viding art education to children who live or go to school near tomers, and tackling the challenging issues that exist in the children with special needs; Zimmer Children's Museum, dedi- Skid Row; $750,000 to A Better LA - supplying gang interven- communities where they do business. cated to teaching global citizenship, community responsibility tion and prevention strategies to the South Central communi- Toyota supports numerous worthwhile organizations but is and cultural sensitivity; and First Star, a national non-profit ty; $250,000 to Para Los Niño's, a non-profit family service especially proud of its long-term partnership with Special organization dedicated to helping children in child protective organization designed to bring Los Angeles children out of Olympics. Toyota forged this partnership with Special services, criminal and family courts, and foster care systems poverty; $250,000 to the Salvation Army Red Shield Commu- Olympics Southern California 25 years ago. Through tough across the country. nity Center, which serves more than 4000 children and their times and more prosperous times, they have lent a hand in a Hasbro also has a longstanding history of supporting pro- parents in the Pico Union community; among many other myriad of ways beyond simply cutting a check, which grams aimed at delivering play and comfort to children and financial commitments. include volunteerism, in-kind, and even office space in its families facing serious illnesses. With Hasbro's support, the Providing funding is not the sole source of the Foundation's Torrance headquarters. Dream Foundation delivers dreams and wishes to children community involvement, either. When suite renovations took It is part of the very corporate culture at Toyota for employees with terminal or life-threatening illnesses. Hasbro has spon- place in the arena, STAPLES Center Foundation donated 400 to be giving of their time and resources, working together to sored Children's Hospital Los Angeles' inaugural Walk for Kids televisions to numerous organizations, including 90 TVs to help make a difference in the lives of others. The company and supported the expansion of a hospital outreach program Green Dot Public Schools so all of their schools could have demonstrates its commitment to volunteerism by providing its through The Painted Turtle (member of the Association of TVs. The Foundation also donated more than 200 refrigerators employees with various recognition programs including grants Hole in the Wall Camps), allowing children facing serious ill- to the local community with half of the units going to the to charities of the employee’s choice. In 2010, Toyota employ- nesses to leave the hospital and experience the joy and adven- Union Rescue Mission for a new shelter to house homeless ees volunteered over 100,000 hours of community service ture of camp. women and children. across the U.S. Locally, employees volunteered more than 8,000 hours of service.

Barlow Respiratory Hospital is honored to be recognized by the Los Angeles Business Journal as a nominee for the Nonprofit and Corporate Citizenship award. It is the tireless efforts of our doctors, nurses, rehab therapists and administrative team that enable Barlow to provide excellent services and patient care to the chronically critically ill of Southern California suffering from respiratory diseases.

We also congratulate our friend and Foundation Board Chair, Denise Anthony. You are a devoted leader and consummate advocate for the hospital and foundation.

Barlow Respiratory Hospital is the only not-for-profit, long-term, acute care respiratory hospital in Southern California. Barlow specializes in caring for critically ill, complex patients and offers nationally recognized programs that include ventilator weaning, pulmonary rehabilitation, wound care and palliative care. Barlow’s Ventilator Weaning Program is among the best in the nation with a success rate of 60%. Barlow Respiratory Research Center's TIPS© Protocol, developed by Barlow pulmonologists and based on years of specialized practice, is still in use in hospitals around the country today. By treating patients through leading edge, research-based treatment delivered in a compassionate manner, Barlow continues to be Southern California’s choice and the nation’s best at delivering pulmonary care.

For more information or to donate, visit www.barlowhospital.org or call (213) 202-6835. Barlow Respiratory Hospital ɇ2000 Stadium Way ɇLos Angles, California 90026 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

30 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL JUNE 27, 2011

Nonprofit & Corporate LEADERSHIP EXCELLENCE AWARD Citizenship Awards 2011 FINALISTS (CORPORATE LEADER)

JOHN GUTIERREZ DAVID ELSON LYNDON FAULKNER EL ARCA, Inc. Manatt Phelps and Phillips Pelican Products, Inc.

JOHN R. Gutierrez has been associated with DAVID Elson is Senior Counsel at Manatt LYNDON Faulkner is the President and CEO the East Los Angeles Remarkable Citizen's Phelps and Phillips. His practice focuses of Pelican Products, Inc., the global leader Association (EL ARCA) for over 25 years. He on public law, administrative and elec- in the design and manufacture of both was first introduced to the organization tions litigation, complex civil and crimi- high-performance protective case solu- through a service challenge from his nal commercial litigation, and govern- tions and advanced portable LED lighting employer, Atlantic Richfield Company mental investigations. He has represent- systems. He leads a company operating in (ARCO). Since that time, he has been an ed educational, financial, and healthcare 12 countries, with 22 offices and six man- active volunteer in the areas of agency institutions, major corporations and cor- ufacturing facilities across the globe. events, fund and friend raising, resource porate officers, high profile public offi- While his schedule is extremely full, acquisition, and on the Board of Directors, cials and political candidates, as well as Faulkner routinely makes time to sponsor including Board Chair. witnesses in federal and state regulatory, and participate in a host of global pro- A year ago, EL ARCA was in crisis and in danger of closing its grand jury and other investigative proceedings. Elson also over- grams through the “Pelican Community Outreach Program.” doors due to California's budget cutbacks to Developmental sees the firm's pro bono activities, which include the representa- Examples of his commitment to volunteerism include partici- Centers. EL ARCA's ability to continue to provide Day and Resi- tion of a broad range of non-profit and charitable organizations. pation in Adopt-a-Beach events where he regularly works dential programs and Transportation services to persons with As part of Elson has served on the Board of Directors of West- alongside employees to clean sections of Torrance Beach. Addi- developmental disabilities was in serious and immediate danger. ern Center on Law and Poverty since 2004. He co-chairs the tional organizations he supports include: March of Dimes Parents and care providers to more than 250 persons from the Development Committee and chairs the Strategic Planning Walk, Red Cross Blood Drives, Revlon Run/Walk, Heal the Bay ages of 22 - 65 with Autism, Down Syndrome, Cerebral Palsy, Committee. Western Center on Law and Poverty has led the and Special Olympic Volunteerism. and mental retardation were in a state of desperation. Commu- fight in the courts, counties and capital to secure housing, Faulkner is passionate about giving back to the community nities of Northeast, East, Southeast, and South Central Los Ange- healthcare and a strong safety net for of low-income Californi- through substantial product donations and support. Initia- les were faced with the possibility of not ever having EL ARCA ans. We bring about system-wide change through pivotal tives he has spearheaded include: Adopt-a-School-Program programs and services. John's strong negotiation skills allowed impact litigation; hard hitting advocacy; negotiations with state (Pelican has partnered with Anza Elementary School); Aus- EL ARCA to maintain its doors open, during one of the most dif- and county government; and support for nearly 100 frontline tralia Flood Relief Efforts – Pelican recently donated $80,000 ficult times of the organization's history as he maintained a legal service organizations, including 20 in Los Angeles. worth of head lamps and flashlights; Japan Disaster Relief transparent, honest relationship with banks, creditors, attorneys, Dave's commitment to Western Center's mission is palpable. He Efforts – Pelican recently donated $70,000 worth of flash- vendors, employees and clients. profoundly cares about the lives of low-income Californians and is lights; Haiti Relief Efforts – Pelican donated $100,000 worth Gutierrez' primary role today is as the Chairperson of the Board actively engaged in the oversight of Western Center, advocating of head lamps and flashlights; Chile Relief Efforts – Pelican of Directors and leads the organization towards the accomplish- on its behalf and making significant personal contributions. He donated $50,000 worth of flashlights; Pelican for Patriots pro- ments of its mission as well as serving as the primary liaison has helped Western Center raise hundreds of thousands of dollars. gram – A program where Pelican is donating cases to men between the CEO and the Board of Directors. Apart from the He created and runs Western Center's cy pres outreach program, and women who have lost a limb in Operation Enduring above and the duties and responsibilities of this position, Gutierrez reaching out to hundreds of judges, mediators and attorneys on Freedom (OEF) or Operation Iraqi Freedom (OIF); and USO’s has, over the years, been committed and involved in all aspects of the organization's behalf. He unstintingly offers his firm's ‘United Through Reading’ program – Pelican has donated the agency. He has a keen insight into the operations and a firm resources to help with pro bono projects. Under Dave's leadership, large transport cases to move recording equipment and books understanding of governance and financial aspects. He is regularly his firm is helping the Center draft the Affordable Housing Manu- to various military personnel in Southwest Asia. Like any called upon for his counsel on any problem and challenge facing al, to be used by hundreds of advocates who represent millions of effective leader, Faulkner’s commitment to corporate giving the organization. His network in the community has been most clients throughout the state. He and his firm are also helping the has driven a company-wide culture of volunteerism that helpful in securing "pro bono" work for EL ARCA and he has Center litigate several cases on behalf of hundreds of thousands of inspires all he leads. become a true champion for the organization on many levels. seniors, families and persons with disabilities.

UNITED WAY OF GREATER LOS ANGELES CONGRATULATES THE EXCEPTIONAL NONPROFIT & CORPORATE CITIZENSHIP AWARD NOMINEES Thank you for your commitment to improve the quality of life for all in our community. Your investment and work has made a tremendous impact for those in need in Los Angeles County.

GIVE. ADVOCATE. VOLUNTEER. UnitedWayLA.org

Follow us on Twitter at LAUNITEDWAY and on Facebook at facebook.com/uwgla to join the conversation. Log on to unitedwayla.org to learn more and get involved.

Photography by Lynn Blodgett. From the book Finding Grace: The Face of America’s Homeless. Published by Earth Aware Editions. Copyright © 2007. 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

JUNE 27, 2011 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL 31

FINALISTS VOLUNTEER OF THE YEAR

SHIRLEY & MARK BALLAS JIM & MARCIA BRAMMER JACK WAGNER

VERY few people in the pub- IN one year alone, Jim and EMMY-NOMINATED actor, award-winning lic eye are willing to admit Marcia Bammer, owners of singer, #1 ranked celebrity golfer, and to a suicide in their family. State of the Art Images, donat- philanthropist Jack Wagner serves as a The few that do tend to ed over 120 photography pack- National Celebrity Ambassador for The make the statement and ages to silent auctions and raf- Leukemia & Lymphoma Society (LLS), as then back off from any fles for an array of causes. Each well as founder of the annual Jack Wagner involvement or reminders package is valued at $550. Celebrity Classic which has been a signifi- of the suicide. This is not the case for world-renowned Latin Their in-kind donations alone cant fundraising endeavor and media Dance instructor, coach and judge Shirley Ballas. She had exceed a value of $66,000 per attraction for LLS since 2007. planned a lavish party to celebrate her 50th birthday. At her year. For each donation, the In 1990, Jack Wagner lost his father to son, Dancing With the Stars Professional, Mark Ballas' sug- Brammers provide a sample multiple myeloma and in 1999 his gestion, she said that in lieu of gifts, people make a dona- photograph, description and materials to help make the item beloved brother Dennis was diagnosed with leukemia. Dennis tion to the American Foundation for Suicide Prevention more enticing and generate a larger donation. had relapsed four separate times, during each of which he (AFSP). Shirley used her celebrity status in the ballroom Beyond the multitude of gift certificates, the couple donate endured chemotherapy and the challenges that come along with dance world to reach out to students, other dancers and thousands of hours of photography services to nonprofits. recovery, before receiving a complete bone marrow transplant in judges to raise money. They have worked with dozens of organizations, including the 2007. Today, Dennis is still fighting a daily battle against compli- At her party, Shirley had to tell people about her brother American Foundation for Suicide Prevention (AFSP) and cations associated with this procedure but as Jack says, “Let Den- David's suicide. She had to "come out" to the world and Woodland Hills-Tarzana Chamber of Commerce. Their dona- nis be an example to us all that our efforts truly make a differ- admit that her brother had suffered from major depression tion of services to Now I Lay Me Down to Sleep is perhaps the ence. He is still with us today because of new lifesaving treat- and took his life. To go public with such information pre- most indicative of who the Brammers are as people. They ments, but we must still push for a cure.” This is what drives his sents a risk, but Shirley wasn't going to allow stigma and donate their services to this organization that provides photos commitment to The Leukemia & Lymphoma Society (LLS). potential repercussions to stop her. Her party featured AFSP to parents of stillborn or babies who will die shortly after birth. In 2006, after winning nearly $150,000 for LLS in a celebrity and ways attendees could help support the organization, Certainly the parents experiencing these devastating circum- challenge on the game show, Wheel of Fortune (the most won including a silent auction of dance lessons with the profes- stances would pay anything for a remembrance of their child. by any celebrity in the history of the show), Jack approached LLS sional dancers from "Dancing With the Stars." In her speech But the Brammers provide it for free. with the idea of creating a charity golf tournament. .As the num- that night, Shirley encouraged everyone to support the orga- Beyond their in-kind and services, Jim and Marcia serve on a ber one ranked celebrity golfer by Golf Digest and winner of the nization and attend other events. At her party, Shirley also number of boards and committees. For sole proprietors of a 17th Annual American Century Tahoe Celebrity Golf Champi- presented the AFSP with a check for $40,000. In 2 ½ weeks, business to donate over $66,000 of in-kind, hundreds of hours onship, Jack was eager to combine his talent with a club and his she had raised $40,000 just from her friends and students. of donation of services and over 360 hours per month in vol- celebrity influence to establish a prestigious golf tournament. And a philanthropist was born. unteer leadership literally helps transform the community. This tournament allows sponsors and participants the opportu- Shirley and Mark were so inspired by their volunteer expe- nity to not only play on a highly-desirable, private course; but rience that they have started their own foundation, The Bal- also to play alongside some popular celebrities from the worlds las Foundation, which will continue to raise money and sup- of entertainment and sports. It enabled Jack to raise funds to port suicide prevention programs in the United States. support the mission of LLS: cure leukemia, lymphoma, Hodgkin’s disease and myeloma, and to improve the quality of life for patients and their families. In just 6 years, Jack Wagner’s personal contributions and fundraising efforts have exceeded $1 million to support lifesaving cancer research funded by, as well as critical patient services provided by, LLS.

It’s not just about cars.

It’s also about helping people enrich the quality of life in their communities. That’s why Toyota is proud to support education programs that open doors and create opportunity. From family literacy to K-12th grade education, to higher education and technical and environmental education, Toyota continues to form partnerships with organizations nationwide to make a difference—in classrooms and communities. www.toyota.com/community 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

32 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL JUNE 27, 2011

Nonprofit & Corporate CORPORATE SOCIAL Citizenship Awards 2011 FINALISTS RESPONSIBILITY AWARD

MATTEL, INC. SONY PICTURES ENTERTAINMENT WARNER BROS. ENTERTAINMENT

MATTEL’S philanthropic SONY Pictures is part of a family of operating companies under AT Warner Bros. Enter- efforts in 2010 touched Sony Corporation ? Sony Electronics Inc., Sony Pictures tainment, corporate the lives of approximately Entertainment Inc. and Sony Music Entertainment among responsibilities (CR) is five million children in them - who are known for creating products that enrich peo- a set of principles that more than 50 countries. ple's lives as well as being dedicated to improving people's inform the company's The company donated lives through philanthropic efforts. Sony Pictures' commit- programs, policies, and almost approximately ment to Corporate Social Responsibility extends to helping initiatives in the four $19.2 million in cash and local communities, fostering better educational systems, sup- main areas of: creativi- product globally. In addi- porting the arts and culture, promoting diversity, protecting ty, workplace, commu- tion, more than 25 percent of Mattel employees volunteer as and improving the environment and actively encouraging nity, and sustainability. CR is the strategic framework part of the company’s philanthropic efforts through a spectrum employee volunteerism. that Warner Bros. Public Affairs applies in all of its of activities and causes. Sony Pictures Entertainment's spirit of philanthropy is deeply stakeholder engagement efforts, and is the benchmark Mattel understands the power of play better than just about imbedded in the company's culture. Dozens of programs and against which the company's programs and initiatives anyone, and the holiday season is the perfect time to share play partnerships established by the company have touched lives in are measured. Being responsible corporate citizens has with underserved children. Mattel’s approach to impactful social all corners of the country. Thousands of Sony Pictures' employ- always been a priority at Warner Bros. giving can best be summed up in a program that the company ees have responded positively to this spirit and have given gen- One of the company's signature programs is Impact, launched during the 2010 holiday season, a truly unique philan- erously of themselves. They've collected food for the hungry, a giving program that provides multiple ways for thropic endeavor designed to bring the power of play to thou- built homes for the poor, cleaned polluted waterways, men- employees to get involved, including company-spon- sands of the most underserved children in Los Angeles County. tored the disadvantaged and helped in countless other ways. sored payroll giving, volunteerism, worksite mentor- The idea was simple: focus the combined passion and energy of LINKS, the employee volunteer program at Sony Pictures ing, employee matching grants, employee volunteer Mattel employees by using PLAY to make a difference in lives of Entertainment, has been dedicated to empowering and recog- grants, and nonprofit board leadership. By providing a underserved children over the course of 12 consecutive days dur- nizing employee volunteerism for over 10 years. Guided by a variety of ways to become a member, the Impact pro- ing the holiday season. dedicated group of Sony Pictures employees, LINKS' mission is gram delivers flexibility and choice to employees who Choosing to forego the usual company parties, Mattel employ- to connect employees within the company, the employees to wish to give time, money or both. Warner Bros. ees chose instead to give their time and holiday party budgets to the community and the company to the community. Sony Pic- employees appreciate that the company supports caus- bring a magical play experience to 20,000 underserved children tures Entertainment LINKS volunteers have assisted the Special es they care about by matching their charitable contri- in Los Angeles County. Harnessing the power of employee vol- Olympics of Southern California, Heal the Bay, Habitat for butions dollar for dollar, doubling the employee's unteerism and working with schools and organizations that Humanity, Big Brothers Big Sisters of Greater Los Angeles, Mid- financial impact. serve children, team-building volunteer events were created to night Mission, TreePeople, Dress for Success, Young Through monetary contributions and employee vol- make a meaningful difference through the simple joy of play. Storytellers, St. Vincent Meals on Wheels, the Downtown unteering, Impact supports 12 partner organizations Mattel created six winter wonderland experiences by bringing Women's Center, Upward Bound House, Los Angeles Regional that work in four major focus areas: community snow days to children in underserved neighborhoods and Foodbank, the Mar Vista Family Center, Free Arts for Abused engagement, environmental stewardship, youth schools, as well as the company’s El Segundo headquarters for a Children, the Exceptional Children's Foundation, L.A. Works enrichment, and global outreach. Organizations are Day of Play with the LA’s BEST organization. Thousands of chil- Day and Culver City Friends of the Library. chosen by employees through a company-wide survey dren were able to go sledding, build snowmen and make snow and become partners for a two-year cycle. The com- angels. Additional events hosted included employee volunteer munity engagement partners for the 2011-2012 cycle hours with the Los Angeles Food Bank, building a house with are: the Burbank Temporary Aid Center, Chrysalis, Habitat for Humanity, the granting of a wish with Make-A-Wish and Volunteers of the Burbank Animal Shelter. Foundation and the Mattel Children’s Hospital UCLA holiday party for patients and families.

FINALISTS IN-KIND SUPPORTER OF THE YEAR

TISH CIRAVOLO NANCY JANDROKOVIC MICHAEL E. WALTON Daisy Rock Girl Guitars Goodyear Tire & Rubber Co. MICHAEL Walton, a professional copy- TISH Ciravolo is the Presi- NANCY Jandrokovic, Direc- writer, became involved as a volunteer dent & Founder of Daisy tor of Airship Operations for Long Beach Rescue Mission several Rock Girl Guitars, the for the Goodyear Tire & years ago and helped edit articles for its original girl guitar compa- Rubber Company, provides newsletter. The President and CEO of the ny dedicated to success- operational oversight and Mission found out about his skillful vol- fully supplying and mar- strategic leadership for the unteer activity and asked him to take a keting professional quali- company’s world-famous look at a special project -- a Case For Sup- ty guitars for females of and well-loved blimps. port that the Mission can use as a all ages. Tish and her Under Nancy’s leadership, prospectus with larger/major donors. company have been constant supporters of organizations ded- each base (including the local location in Carson) annually con- Walton worked with the CEO one-on- icated to the awareness and prevention of breast cancer over tributes 100 or more certificates to non-profit organizations for a one and not only was he able to conceptualize this special pro- the past 11 years. In addition to hundreds of Daisy Rock passenger flight for two to be auctioned off for fundraising purpos- ject - he hit it out of the ballpark for Mission. He donated all instrument donations to fundraisers that support the National es. Though each donation package is valued at a minimum bid of his time and materials to this project and was also able to get a Breast Cancer Foundation, Susan G Komen for the Cure, Keep $1000, it often goes for three to four times that amount because greatly reduced price for a small quantity digital print vendor. A Breast Foundation, and many others, Daisy Rock also hosts Goodyear does not sell seats to the public to ride in the airships. The cost to produce this publication through normal chan- their own annual event "Pretty In Punk" in which all the pro- Additional in-kind support is given to local charities throughout nels would have been difficult for the Rescue Mission to afford ceeds in past years events have been donated to the same the year through text messages broadcasting on the ship’s Eagle- had Walton not stepped into the gap. His involvement with organizations and others. vision sign, which is used to convey support for special events this project required him to become so familiar with the Res- Daisy Rock Girl Guitars is the original girl guitar company and causes; and through the donation of premium items such as cue Mission's programs and clientele that he and his wife, Jo dedicated to successfully supplying and marketing professional signature shirts, t-shirts, toys, hats, blimp banks, books and inflat- Bracken have become regular attendees at program graduations quality guitars for females of all ages. All Daisy Rock guitars are able blimps for raffle purposes. and supporters of the Mission's work. designed specifically for the female form and feature light- Locally, the Carson-based Spirit of America has donated charita- Not only did Michael Walton do a superb job on the Case For weight bodies, "Slim & Narrow" neck profiles to better fit small- ble certificates to many different organizations which promote Support, he did such a great job that it won two awards at the er hands, and are available in inspiring finishes. Daisy Rock health, community welfare and education, such as Children’s industry's Media Innovation Competition. His work was Girl Guitars' ongoing mission is to do whatever it takes to help Hospital, LAPD Memorial Fund, Rotary Club, Torrance Cultural awarded First Place in the category of Printed Brochure in the girls play guitar and enjoy music. Arts Center, Carson Coordinating Council, Juvenile Diabetes revenue classification, and the overall Best of Show of all cate- Hundreds of Daisy Rock guitars over the past 11 years, often Research Foundation, MEND, American Heart Association, Amer- gories and revenue classification, including web design, blogs, signed by celebrities including Lisa Loeb, Wanda Jackson, Ann ican Cancer Association, United Way, LA Foodbank, YMCA, photographs, newsletters, and annual reports. The judges' com- and Nancy Wilson from Heart, Cyndi Lauper, among others, Catholic Big Brothers and Big Sisters, LA County Sherriff’s Associ- ments included: "Amazing use of 2-color process, striking pho- have been donated by Daisy Rock to silent auctions that bene- ation, Garden Grove Community Fdtn., Peninsula Community tography, not too heavy of text, use of tabs that provide a visu- fit breast cancer awareness/prevention non-profit organiza- Children’s Hospital, Union Rescue Mission, Parkinson’s Resource al tour of the Mission." tions. Guitars have raised thousands of dollars for these organi- Organization, Japanese American National Museum, Optimist zations - money that has gone directly into their efforts to help Youth Fdtn., City of Hope Cancer Center, Juvenile Connection raise awareness and fund scientific research and programs to Program, and many others. This practice has been on-going for prevent breast cancer. decades. Additionally, though rides in the blimp are by invitation (or donation) only, Goodyear sometimes grants ride requests from members of the general public who ask on behalf of a termi- nally ill child or other family/friend, or to mark an important life transition such as deployment or return from a war zone. 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

JUNE 27, 2011 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL 33 NOMINEES

Abode Communities Fund Raising, Inc. Los Angeles Music & Art School STAPLES Center Foundation Robin Hughes Robert Kaplan Isela Sotelo Jennifer Lynch President President Executive Director Director Los Angeles Los Angeles Los Angeles Los Angeles Arent Fox LLP Los Angeles Neighborhood Land Trust Girl Scouts of Greater Los Angeles State of the Art Images – Debra Albin-Riley Alina Bokde Kendra Walker Photography by Jim Brammer Partner Executive Director Director of Marketing Jim & Marcia Brammer Los Angeles Los Angeles Los Angeles Owners Tarzana Barlow Respiratory Hospital Goodwill Southern California Manatt Phelps and Phillips Denise Anthony Douglas Barr David Elson Chair President and CEO Senior Counsel The Great Shepherd Outreach - Beverly Hills Los Angeles Los Angeles Men of Valor Home Robert Honeycutt Barlow Respiratory Hospital Mattel, Inc. Director Margaret Crane Goodyear Tire & Rubber Co. Deidre Lind Nancy Jandrokovic Los Angeles CEO Executive Director of Beverly Hills Director of Airship Operations Philanthropic Programs Gardena El Segundo The Guardians of the Los Angeles Bertossa Consulting Jewish Home for the Aging Cindy Bertossa-Weger Hasbro Studios Minds Matter of Los Angeles Tracy Baum Owner Stephen Davis Tina Admans Executive Director Redondo Beach President President and Chairperson Los Angeles Burbank Porter Ranch Beverly Hills Greater Los Angeles The Help Group Heal One World My Bunny and Me Association of Realtors Barbara Firestone Skye Kelly Linda Mallut Robin Greenberg President & CEO Executive Director Owner President Sherman Oaks Beverly Hills Los Angeles Canoga Park Calabasas Chamber of Commerce International Medical Corps National Kidney Foundation The Marilyn Hilton MS Achievement Center Maureen Corr Whalen Nancy Aossey Los Angeles Chapter Team at UCLA & the National Multiple Sclerosis President & CEO President & CEO Chris Johnson Society, So Cal & Nevada Chapter Calabasas Santa Monica Division President Stephanie Fisher Sherman Oaks Executive Director Century Housing Corporation Jay Nolan Community Services Los Angeles Panda Restaurant Group, Inc. - Ronald Griffith Jeff Strully Panda Cares President & CEO Executive Director Peggy Cherng The Trevor Project Culver City Mission Hills Co-Founder David McFarland Children Youth and Family Collaborative- Interim CEO Judi Lirman, MFT CEO Educational Pilot Project West Hollywood Judi Lirman Rosemead Lydia Templetion, Es. Psychotherapist Project Director, Chief Executive Officer Pelican Products, Inc. Tobinworld Canoga Park & Board President Lyndon Faulkner Judy Weber-Israel President & CEO JVS Founder & Executive Director Communities In Schools Los Angeles Torrance Glendale West & City Year Los Angeles Vivian Seigel Bud Jacobs & Allison Graff-Weisner Chief Executive Officer Premiere Oncology Foundation Toyota Motor Sales, USA, Inc. Executive Directors Los Angeles Robbie Gluckson Michael Rouse Los Angeles Executive Director JVS' BankWork$ Santa Monica Vice President, Daisy Rock Girl Guitars Jay Soloway Philanthropy & Community Affairs Tish Ciravolo Director of Career and Business Services Program for Torture Victims Torrance President & Founder Los Angeles Ana Deutsch & Dr. Jose Quiroga Van Nuys Co-Founders, Clinical Director Union Rescue Mission LA's Prom Closet and Medical Director Rev. Andy Bales Downtown Women's Center Jennifer Miyamoto Los Angeles CEO Lisa Watson President Los Angeles Chief Executive Officer Hawthorne Prototypes Los Angeles Cassandra Loch Laura Levinsky Consulting President & CEO Valley Economic Development Center EL ARCA, Inc. Laura Levinsky Los Angeles Roberto Barragan John Gutierrez President & CEO Owner/ Consultant Say No To Drugs Race Chairman of the Board Woodland Hills Sherman Oaks Los Angeles Ryan J. Kugler Library Foundation of Los Angeles President & Co- Owner Warner Bros. Entertainment Farmers & Merchants Bank Ken Brecher Toluca Lake Lisa Rawlins W. Henry Walker President Scripps College Academy Senior Vice President Chief Executive Officer Los Angeles Public Affairs Long Beach at Scripps College Kelly Hewitt Burbank Food on Foot Los Angeles Child Guidance Clinic Director Jay Goldinger Elizabeth W. Pfromm, M.S., MPA Claremont Mark & Shirley Ballas Executive Director President & CEO Latin Dance Instructors Beverly Hills Los Angeles Society of St. Vincent de Paul Singer- Songwriter Council of Los Angeles Marina del Rey Freeman Spogli & Co. Los Angeles County Bicycle Coalition Clair Padama & David Fields Jennifer Klausner Peter Starrett Chair of the Board & Executive Director Jack Wagner Executive Director Los Angeles Consultant Actor Los Angeles Los Angeles Global Corporate Social Responsibility Sherman Oaks Friends of Greystone Los Angeles Jewish Home Sony Pictures Entertainment Susan Rosen Molly Forrest Janice Pober Michael E. Walton President CEO-President Senior Vice President Professional Copywriter Beverly Hills Reseda Culver City Long Beach 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

34 LOS ANGELES BUSINESS JOURNAL DATA BANK JUNE 27, 2011

CONVENTIONS How to Get More Clients CALENDAR Tuesday, July 5 Sponsor: Beverly Hills Chamber of Commerce SBA’s 8(a) Program 6 p.m. • Anime Expo Tuesday, June 28 Sponsor: Federal Technology Center Church of Scientology Mission July 1-4 9 a.m. 9885 Charleville Blvd., Beverly Hills Speed Networking www.Anime-Expo.org El Camino College Small Business $35 Sponsor: Santa Monica Chamber of Commerce Development Center (310) 248-1000 5:30 p.m. 13430 Hawthorne Blvd., Hawthorne • California Gift Show Milken Institute Free July 22-25 1250 Fourth St., Santa Monica Wednesday, July 13 (866) 382-7822 (800) 526-2784 $25 Foreclosure Workshop (310) 393-9825 Wednesday, July 6 Sponsor: California Foreclosure Institute 5:30 p.m. • Adultcon Business Mixer Breakfast Mixer Lloyd Taber-Marina del Rey Library July 29-31 Sponsor: Sherman Oaks Chamber of Commerce Sponsor: Sherman Oaks Chamber of Commerce 4533 Admiralty Way (310) 859-6900 7:30 a.m. 5:30 p.m. Maria’s Italian Kitchen Free Mad Bulls’ Tavern 13353 Ventura Blvd., Sherman Oaks (310) 379-0101 BrideWorld Expo 14649 Ventura Blvd., Sherman Oaks • $35 July 30-31 $15 (818) 906-1951 Thursday, July 14 (818) 906-1951 (800) 600-7080 Business to Business Lunch Thursday, July 7 Sponsor: Alhambra Chamber of Commerce Foreclosure Workshop Modern Living Expo Noon • Sponsor: California Foreclosure Institute Networking Breakfast Aug. 6-7 Wahib’s Middle Eastern Restaurant 5:30 p.m. Sponsor: Santa Monica Chamber of Commerce 910 E. Main St., Alhambra (626) 274-9666 Norwalk Library 7:30 a.m. $16 12350 Imperial Highway Ocean Avenue Seafood 1401 Ocean Ave., Santa Monica (626) 282-8481 West Coast Expo Free • $25 (310) 379-0101 Aug. 12-14 (310) 393-9825 Monday, July 18 (323) 905-1306 Wednesday, June 29 Friday, July 8 Business Mixer Networking Breakfast Sponsor: Long Beach Area Chamber of Commerce • Exxxotica Expo Sponsor: Greater San Fernando Valley Tani Cantil-Sakauye, Chief Justice, 5:30 p.m. Aug. 26-28 California Supreme Court Chamber of Commerce Bliss 525 (215) 462-8800 7:15 a.m. Sponsor: Town Hall Los Angeles 525 E. Broadway, Long Beach Noon Braemar Country Club $10 (RSVP required) Beverly Hills Hotel Senior Clean Air Fair 4001 Reseda Blvd., Tarzana (562) 436-1251 • 9641 Sunset Blvd., Beverly Hills Sept. 15 $35 $67 (909) 396-2221 (818) 989-0300 (213) 628-8141 Thursday, July 21 How to Become a Bankruptcy Specialist All About Business Loans Tuesday, July 12 Sponsor: Beverly Hills Bar Association • Wizard World Comic Con Sponsor: VEDC Noon Sept. 24-25 4 p.m. Tim Mason, Fresh & Easy CEO Sponsor: Town Hall Los Angeles Lawry’s (646) 380-2475 Charo Community Development Corp. 100 N. La Cienega Blvd., Beverly Hills 4301 E. Valley Blvd., downtown Los Angeles 11:30 a.m. Millennium Biltmore Hotel $125 Fall Home and Garden Show Free (310) 601-2423 • (818) 907-9922 506 S. Grand Blvd., downtown Los Angeles Sept. 30 $67 (800) 999-5400 Thursday, June 30 (213) 628-8141 To be considered for publication, Calendar listings should be submitted at least three weeks in advance Are Your Emotions Costing You Money? Networking Lunch of the event. Listings can be submitted by e-mail to • Ultimate Women’s Expo Sponsor: Beverly Hills Chamber of Commerce Sponsor: Long Beach Area Chamber of Commerce [email protected] or by mail to: Oct. 1-2 5:30 p.m. 11:30 a.m. (866) 618-3434 Union Bank McKenna’s on the Bay Los Angeles Business Journal 9460 Wilshire Blvd., Beverly Hills 190 Marina Drive, Long Beach Calendar $30 $30 (RSVP required) 5700 Wilshire Blvd. #170 (310) 248-1000 (562) 436-1251 Los Angeles, CA 90036 L.A. Convention Center, (213) 741-1151, ext. 5340

Doc# LA11-31422-EC Chapter: 7 Diamond Bar 91765 Chapter: 7 BANKRUPTCIES File-Date: 05/17/11 Assets: $3,550 Chapter: 7 Assets: $1,005 Kelly K. Chang Debts: $722,884 Assets: $100 Debts: $43,387 Roosevelt Memorial Park Association 213-283-9757 Doc# SV11-16270-MT Debts: $97,051 Doc# LA11-32246-SK File-Date: 05/19/11 Doc# LA11-32049-RN File-Date: 05/23/11 (Funeral services) File-Date: 05/21/11 18255 S. Vermont Ave. Epandco Holdings LLC Jeremy Faith Herbert N. Wiggins 818-887-2500 Rami N. Nabi 562-435-3456 Gardena 90248 (Real estate ownership/management) 714-202-6529 Chapter: 11 18653 Ventura Blvd., #267 Assets: $2,122,243 Tarzana 91356 Fair Winds Flagship Fund LP 4220 Fair Avenue Property LLC DNA LLC (Business type N/A) Debts: $21,038,556 Chapter: 11 (Real estate) (Business type N/A) 1901 Avenue of the Stars, Suite #1020 8114 Telegraph Road Doc# LA11-31209-BR Assets: $3,563,000 7349 Suva St., Suite #24 L.A. 90067 Downey 90240 File-Date: 05/16/11 Debts: $5,689,445 Downey 90240 Chapter: 7 Chapter: 11 H. Alexander Fisch Doc# SV11-16072-MT Chapter: 7 Assets: $2,314 Assets: N/A Assets: $1,575,000 310-228-5600 File-Date: 05/17/11 Debts: $876,252 Debts: N/A Debts: $1,965,000 Philip D. Dapeer Doc# LA11-31879-EC Doc# LA11-32085-PC Doc# LA11-32289-ER CCGL Inc. 323-954-9144 File-Date: 05/20/11 File-Date: 05/22/11 File-Date: 05/23/11 (Business type N/A) Benjamin Nachimson Eric C. Morris Charles W. Daff 3660 Wilshire Blvd., #408 Daat Asset Management Inc. 310-473-5550 909-466-4400 714-541-0301 L.A. 90010 (Business type N/A) Bus type N/A. Chapter: 11 2260 Townsgate Road, Suite #740 TSA Properties Inc. Santa Clarita Athletic Club Inc. Janus Trading Inc. Assets: N/A Westlake Village 91361 (Business type N/A) (Gym) (Skin trading) Chapter: 7 24640 Wiley Canyon Road Debts: N/A 13204 Paramount Blvd. 9822 Millboro Place Doc# LA11-31212-BR Assets: $5,800 South Gate 90280 Beverly Hills 90210 Santa Clarita 91321 File-Date: 05/16/11 Debts: $52,804 Chapter: 7 Chapter: 7 Chapter: 11 Robert S. Altagen Doc# SV11-16110-MT Assets: N/A Assets: $10 Assets: $2,500,000 323-268-9588 File-Date: 05/17/11 Debts: N/A Debts: $355,937 Debts: $12,867,395 Andrew A. Goodman Doc# LA11-31926-RN Doc# LA11-32101-BB Doc# LA11-32301-RN Iradji Holdings LLC 818-887-2500 File-Date: 05/20/11 File-Date: 05/23/11 File-Date: 05/23/11 (Business type N/A) Pro-per. Bahram Madaen Michael A. Younge 11373 Charnock Road 2930 Mojave Court Title Holding Trust 818-908-2618 714-685-1170 L.A. 90066 4910 Libbit Ave. Casa Di Pizza and Subs AKA: Party Casa Di Pizza and Sports Bar Clarendon 414 Inc. HFR Investments I LLC Chapter: 11 Encino 91436 (Investment) (Real estate investment) Assets: $3,777,000 Chapter: 7 (Restaurant and sports bar) (Involuntary filing) 741 W. 24th St. 145 Park Lane, Suite #100 Debts: $4,146,485 Assets: N/A San Pedro 90731 7543 Fallbrook Ave. Moorpark 93021 Doc# LA11-31316-BB Debts: N/A Chapter: 7 West Hills 91307 Chapter: 11 File-Date: 05/17/11 Doc# SV11-16138-AA Assets: N/A Assets: $5,382,000 Chapter: 11 (Involuntary) Debts: N/A Philip Layfield File-Date: 05/18/11 Assets: N/A Debts: $3,745,532 310-917-1010 Jeffrey S. Hoffman Doc# LA11-32114-PC Debts: N/A File-Date: 05/23/11 Doc# ND11-12412-RR 800-756-5977 Doc# SV11-16300-AA Lynne Romano File-Date: 05/23/11 Show Me C&C Investment Group LLC (Real estate) File-Date: 05/20/11 626-552-0270 Philip D. Dapeer (Business type N/A) Colleen Marmor (For petitioner) 323-954-9144 2500 W. Eighth St., #201-202 The Adult Industry Medical 818-883-8442 Gary Chomiak Financial Services Inc. L.A. 90057 Healthcare Foundation FKA: Retirement Distribution Specialists Masada Development Inc. Chapter: 7 (Business type N/A) OSA Group Inc. (Stockbroker) (Commercial contractor) Assets: N/A 4630 Van Nuys Blvd., First Floor (Construction) 5230 Clark Ave., Suite #21 5103 Garden Grove Ave. Debts: N/A Sherman Oaks 91403 3620 Calmbrook Lane Lakewood 90712 Tarzana 91356 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

JUNE 27, 2011 DATA BANK LOS ANGELES BUSINESS JOURNAL 35

Chapter: 7 File-Date: 05/24/11 Claremont 91711 File-Date: 05/30/11 Ramsfire Equity Partners Inc. Assets: $0 Jeffrey A. Kopczynski Chapter: 11 Edward Medina (Lending) Debts: $196,716 818-500-1631 Assets: $859,572 619-542-7865 8335 Winnetka Ave., Suite #235 Doc# SV11-16399-MT Debts: $2,752,558 Winnetka 91306 File-Date: 05/23/11 Yarmouth 201 Inc. Doc# LA11-33048-ER Tropi-Cuba Cafe Inc. Chapter: 7 Vafa A. Khoshbin (Investment) File-Date: 05/27/11 (Restaurant) Assets: N/A 21732 S. Vermont Ave. 310-820-2500 18375 Ventura Blvd., Suite #423 Nolan Clark Debts: N/A Tarzana 91356 626-914-2605 Torrance 90502 Chapter: 7 Doc# SV11-16710-MT Car, Truck, SUV Toy Store Inc. Chapter: 7 File-Date: 05/31/11 (Business type N/A) Assets: N/A Antoinette C. LLC Assets: N/A Ronald D. Tym 5015 Van Nuys Blvd Debts: N/A (Apparel manufacturing) Debts: N/A 818-836-1428 Sherman Oaks 91403 Doc# SV11-16432-AA 269 S. Beverly Drive, #194 Doc# LA11-33440-EC Chapter: 7 File-Date: 05/24/11 Beverly Hills 90212 File-Date: 05/31/11 Assets: $1,200 Lynne Romano Chapter: 7 Pro-per. Real Estate Access Inc. Debts: $477,563 626-552-0270 Assets: $31,970 AKA: Warner Center Mortgage Doc# SV11-16416-AA Debts: $74,723 F&E Lifting Technologies Inc. (Real estate) File-Date: 05/23/11 San Pedro 24 Inc. Doc# LA11-33271-BB DBA: Lift-Tech; Hide N Seek Furniture 22212 Dardenne St. Bahram Madaen (Investment) File-Date: 05/28/11 (Manufacturing) Calabasas 91302 818-908-2618 741 W. 24th St., Suite #17 Jasmine Firooz 25030 Avenue Tibbitts, Suite #P Chapter: 7 San Pedro 90731 213-251-8568 Valencia 91355 Assets: $0 Chapter: 7 Eric Matthies Productions Inc. Chapter: 7 Debts: $34,828 Assets: $64,676 DBA: EMP Inc. Assets: N/A Nationwide Glass & Glazing Debts: $653,306 Doc# SV11-16747-VK (Content production for films/video) Debts: N/A Contractors Inc. Doc# LA11-33584-EC File-Date: 05/31/11 1821 Tyburn St. Doc# LA11-32575-SK (Glass/glazing products) File-Date: 05/31/11 Andrew M. Wyatt 2510 Daly St. Glendale 91204 File-Date: 05/25/11 Matthew Abbasi 818-710-3813 Chapter: 7 Lynne Romano L.A. 90031 818-888-6614 Assets: $278,038 626-552-0270 Chapter: 11 Remedy Autobody and Collision Inc. Debts: $232,662 Assets: N/A Ontario Business Park LLC (Auto body) Doc# LA11-32399-EC Axiom Management Inc. Debts: N/A (Real estate investment) 12615 E. Whittier Blvd. File-Date: 05/24/11 (Holding company) Doc# LA11-33303-EC 120 El Camino Drive, #208 Whittier 90602 James R. Selth 9054 Slauson Ave. File-Date: 05/29/11 Beverly Hills 90212 310-207-1494 Pico Rivera 90660 Yoon O. Ham Chapter: 7 Chapter: 11 Assets: $3,700 Chapter: 7 909-256-2920 Assets: N/A Debts: $105,872 Park Sahara Inc. Assets: $329 Debts: N/A Doc# LA11-33746-BB (Single-asset real estate) Debts: $2,688,773 Splashco Inc. Doc# LA11-33696-TD 1901 Avenue of the Stars, Suite #390 Doc# LA11-32807-BB (Business type N/A) File-Date: 05/31/11 File-Date: 06/01/11 L.A. 90067 File-Date: 05/26/11 2382 E. 48th St. Blake Lindemann Arshak Bartoumian Chapter: 11 Benjamin Nachimson Vernon 90058 310-279-5269 626-446-6442 Assets: N/A 310-473-5550 Chapter: 7 Debts: N/A Assets: N/A Doc# LA11-32449-BR King Kling LLC Debts: N/A Bankruptcy information is supplied by Timely Info of Los Angeles, Jack Vaughn (323) 664-4423. File-Date: 05/24/11 (Business type N/A) Doc# LA11-33342-EC Chapter 7: a “straight” liquidation bankruptcy involving an appointed trustee to sell all assets by Robert H. Bisno 2025 Camden Ave. File-Date: 05/30/11 auction or other means to pay creditors and trustee fees. 310-277-3670 L.A. 90025 Richard A. Avetisyan Chapter 11: a process which allows a business to gain temporary relief from paying debt in order to Chapter: 7 818-641-1110 attempt a successful reorganization. The debtor remains in control of the business during the bank- Jeffrey Morgenroth, Assets: N/A ruptcy and the business continues to function. An Accountancy Corp. Debts: N/A Ruffin Road Venture Lot 6 Chapter 13: a bankruptcy plan available to individuals whose “income is sufficiently stable and reg- (Accountancy) Doc# LA11-32919-BB (Business type N/A) ular to enable such individual to make payments under a plan.” The debtor makes payments to a 217 E. Alameda Ave., Suite #306 File-Date: 05/26/11 8050 Florence Ave., #14 trustee who disburses the funds to creditors. Burbank 91502 Pro-per. Downey 90240 Involuntary bankruptcy: the debtor is forced into bankruptcy by secured creditors whose claims Chapter: 7 Chapter: 11 total at least $220,000. Involuntary bankruptcy may be filed under Chapter 7 or 11. Assets: $2,500 Villa Bellagio Estates LLC Assets: N/A AKA: also known as FKA: formerly known as Debts: $3,526,155 (Property holding) Debts: N/A DBA: doing business as FAW: formerly associated with Doc# LA11-32482-PC 1931 Lock Haven Way Doc# LA11-33348-TD FDBA: formerly doing business as

IN AUGUSTCOMING The Los Angeles Business Journal is pleased to present the 5th annual Best Places to Work Awards.

This event is designed to honor Los Angeles’ best employers. Local employers are given the opportunity to participate in a professional program conducted by Best Companies Group on subjects such as Leadership and Planning, Corporate Culture and Communications, Training and Development, Work Environment and much more. Join the Los Angeles Business Journal as we identify and recognize these outstanding workplaces at an exciting awards celebration.

Advertising Supplement: August 15, 2011 PRESENTING SPONSORS:

For more information or to reserve tickets please contact Marissa De La Cruz at 323.549.5225 ext. 213 GOLD SPONSORS: Pepperdine University Graziadio or email: [email protected] School of Business and Management Vaco Los Angeles, LLC Wells Fargo Bank 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

36 LOS ANGELES BUSINESS JOURNAL INVESTMENTS & FINANCE JUNE 27, 2011

THE LABJ STOCK INDEX TRACKING LOS ANGELES AREA COMPANIES

WEEKLY TOP GAINERS WEEKLY TOP LOSERS

Aerovironment Inc. U.S. China Mining Group Inc. RadNet Inc. Pacific Office Properties Trust Inc. $35 $8 $6 $6 June 22, 2011 $34.51 7 5 5

30 June 22, 2010 6 June 22, 2011 June 22, 2010 4 $24.57 $3.50 4 $2.59

5 3 3 June 22, 2011 June 22, 2011 25 4 $4.24 2 $2.03 2 3 June 22, 2010 1 June 22, 2010 $5.94 $4.20

20 2 1 0 6/10 8/10 10/10 12/10 2/11 4/11 6/11 6/10 8/10 10/10 12/10 2/11 4/11 6/11 6/10 8/10 10/10 12/10 2/11 4/11 6/11 6/10 8/10 10/10 12/10 2/11 4/11 6/11

TOP TEN LOCAL GAINERS BY PERCENTAGE (with closing prices at least $1) TOP TEN LOCAL LOSERS BY PERCENTAGE (with opening prices at least $1) June 22 June 15 Price 1-Wk 52-Wk June 22 June 15 Price 1-Wk 52-Wk Company Close Close Change % Chg. % Chg. Company Close Close Change % Chg. % Chg. Aerovironment Inc...... $34.51 $28.79 $5.72 19.9% 40.5% RadNet Inc...... $4.24 $4.70 -$0.46 -9.8% 63.7% U.S. China Mining Group Inc...... 3.50 3.20 0.30 9.4% -41.1% Pacific Office Properties Trust Inc...... 2.03 2.20 -0.17 -7.7% -51.7% Taitron Components Inc...... 1.29 1.18 0.11 9.3% 15.2% Boingo Wireless Inc...... 8.78 9.51 -0.73 -7.7% NA MannKind Corp...... 4.06 3.74 0.32 8.6% -28.3% National Technical Systems Inc...... 6.79 7.32 -0.53 -7.2% 1.6% KB Home ...... 11.83 10.94 0.89 8.1% -0.5% Broadway Financial Corp...... 2.20 2.36 -0.16 -6.8% 15.8% 1st Century Bancshares Inc...... 3.80 3.52 0.28 8.0% 9.8% VCA Antech Inc...... 20.20 21.45 -1.25 -5.8% -23.6% United Online Inc...... 6.04 5.61 0.43 7.7% -1.8% Demand Media Inc...... 14.00 14.74 -0.74 -5.0% NA True Religion Apparel Inc...... 27.31 25.44 1.87 7.4% 9.5% Korn/Ferry International ...... 21.80 22.95 -1.15 -5.0% 40.7% Ryland Group Inc...... 17.16 16.04 1.12 7.0% 10.1% Cadiz Inc...... 10.23 10.75 -0.52 -4.8% -9.1% Response Genetics Inc...... 2.84 2.67 0.17 6.4% 17.8% Ixia ...... 12.48 13.01 -0.53 -4.1% 31.2%

MARKET DIARY MARKET INDEXES A four-day upswing in the markets ground to a halt Wednesday after Fed Chairman Ben Bernanke lowered U.S. growth June 22 June 15 Point 1-Wk 52-Wk projections but stood by plans to halt the Fed’s purchase of Treasury bonds by end of June. Still, each of the four Index Close Close Change % Chg. % Chg. indexes rose for the week ended June 22, with the LABJ Index up 1.1 percent, as 111 local stocks advanced and 50 declined. Aerovironment Inc., a Monrovia developer of unmanned aircraft systems, was the biggest gainer after beat- Dow Jones Industrial ...... 12,109.67 11,897.27 212.40 1.8% 17.6% ing earnings estimates and reporting increased sales for electric car parts in its fiscal fourth-quarter. Shares rose near- NASDAQ ...... 2,669.19 2,631.46 37.73 1.4% 18.0% ly 20 percent to $34.51. Westwood-based KB Homes saw its stock jump after announcing a slight bump in May home S&P 500 ...... 1,287.14 1,265.42 21.72 1.7% 17.5% sales. Shares rose 8.1 percent to $11.83. Demand Media Inc., a Santa Monica online media company, was hit by con- LABJ Index ...... 124.23 122.92 1.31 1.1% 8.6% cerns that Google software is minimizing traffic to its sites. Shares fell 5 percent to $14. MARKET SUMMARY DIVIDEND YIELD MOST ACTIVE STOCKS VOLUME WEEKLY SUMMARY Company Dividend Yield Dividend Weekly Close Activision Blizzard Inc...... 10,783,367 Advances ...... 111 Scope Industries ...... 31.3% $66.00 $211.00 Walt Disney Co...... 10,349,302 Declines ...... 50 Stamps.com Inc...... 16.1% $2.00 $12.41 DirecTV ...... 5,887,306 Unchanged ...... 20 Anworth Mortgage Asset Corp...... 12.8% $0.95 $7.42 Capstone Turbine Corp...... 5,778,071 New Highs ...... 5 PennyMac Mortgage Investment Trust ...... 9.7% $1.61 $16.57 Amgen Inc...... 5,094,081 New Lows ...... 8 BreitBurn Energy Partners LP ...... 8.3% $1.60 $19.41

LABJ INDEX

LABJ Index, 52 weeks LABJ Index v. S&P 500, 5 days LABJ Index v. S&P 500, 52 weeks 150 3.0% 25%

2.5 SP 500 20 SP 500 LABJ Index 2.0 LABJ Index 15 1.5 10 120 1.0 June 22, 2011 5 124.23 0.5

0 0.0

-0.5 -5

90 -1.0 -10 J J A S O N D J F M A M J 6/16 6/17 6/20 6/21 6/22 J J A S O N D J F M A M J

Note: The LABJ Stock Index includes all companies on the opposite page and is weighted by market cap.

For more information please contact: Data provided by Bloomberg, a source considered to be reliable. However, the information in this feature may not be complete James Hillman, Managing Director (213) 553-9748 and cannot be guaranteed. The information provided in this feature does not constitute the provision of investment advice. 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

JUNE 27, 2011 INVESTMENTS & FINANCE LOS ANGELES BUSINESS JOURNAL 37

THE LABJ STOCK INDEX TRACKING LOS ANGELES AREA COMPANIES TOP GAINERS TOP LOSERS Company June 22 1-Wk YTD 52-Wk P.E. Mkt. Cap Company June 22 1-Wk YTD 52-Wk P.E. Mkt. Cap Name Ticker Close % Chg % Chg % Chg Ratio (millions) Name Ticker Close % Chg % Chg % Chg Ratio (millions)

AEROSPACE/DEFENSE RadNet Inc. RDNT $4.24 -9.8% 50.4% 63.7% NA $158.2 Aerovironment Inc. AVAV $34.51 19.9% 28.6% 40.5% 29.8 $761.2 VCA Antech Inc. (L) WOOF 20.20 -5.8% -13.3% -23.6% 15.5 1,745.7 AML Communications Inc. AMLJ NA NA 85.8% 84.4% 22.6 26.7 INSURANCE Ducommun Inc. DCO 19.45 0.8% -10.7% 7.3% 12.5 204.9 Mercury General Corp. MCY 39.01 0.9% -9.3% -8.7% 19.9 2,138.4 Flamemaster Corp. FAME NA NA 2.0% 31.6% 10.7 6.3 Unico American Corp. UNAM 9.89 -0.9% 8.2% 9.3% 18.0 52.8 Northrop Grumman Corp. (H) NOC 66.51 4.7% 13.2% 21.7% 10.2 18,432.4 Wesco Financial Corp. WSC 383.00 0.3% 4.0% 12.3% 56.0 2,726.9 Teledyne Technologies Inc. TDY 48.64 3.5% 10.6% 21.6% 14.9 1,786.4 INTERNET APPAREL Bidz.com Inc. BIDZ 0.92 9.5% -24.1% -41.0% NA 17.9 American Apparel Inc. APP 0.92 5.7% -44.6% -47.4% NA 76.1 Boingo Wireless Inc. WIFI 8.78 -7.7% NA NA NA 290.7 Cherokee Inc. CHKE 16.87 0.3% -10.3% -3.0% 18.3 143.5 CrowdGather Inc. (L) CRWG 0.77 -4.9% -51.0% -33.0% NA 43.8 Guess? Inc. GES 42.50 4.5% -10.2% 35.6% 14.2 3,935.2 J2 Global Communications Inc. JCOM 27.81 -1.4% -3.9% 24.7% 13.0 1,278.8 Hot Topic Inc. HOTT 7.20 1.0% 14.5% 36.1% 120.0 322.2 ReachLocal Inc. RLOC 18.01 4.0% -9.5% 22.0% NA 507.3 Joe's Jeans Inc. JOEZ 0.88 15.7% -43.1% -58.3% 29.5 57.0 Spark Networks Inc. LOV 3.25 -1.8% 9.4% -7.1% 25.0 66.9 K-Swiss Inc. KSWS 10.22 5.8% -18.0% -12.9% NA 361.6 Stamps.com Inc. STMP 12.41 0.6% -6.3% 42.8% 23.0 178.0 People's Liberation Inc. PPLB 0.13 0.0% 18.2% 8.3% NA 4.7 United Online Inc. UNTD 6.04 7.7% -8.5% -1.8% 9.6 535.4 Skechers U.S.A. Inc. SKX 14.24 2.8% -28.8% -65.6% 7.6 709.0 ValueClick Inc. VCLK 16.90 2.7% 5.4% 44.1% 15.9 1,329.7 MANUFACTURING True Religion Apparel Inc. TRLG 27.31 7.4% 22.7% 9.5% 14.4 704.0 Avery Dennison Corp. AVY 37.05 1.6% -12.5% 8.8% 12.3 3,959.7 AUTOMOTIVE/PLASTICS/METALS BioSolar Inc. BSRC 0.14 3.8% 40.6% -22.9% NA 21.7 Motorcar Parts of America Inc. MPAA 14.75 -1.7% 13.1% 106.3% 14.2 183.5 Cereplast Inc. CERP 4.60 1.5% 11.1% 35.7% NA 72.5 Reliance Steel & Aluminum Co. RS 48.46 2.7% -5.2% 14.7% 15.0 3,625.8 Dole Food Co Inc. DOLE 13.07 1.0% -3.3% 19.3% NA 1,157.7 Superior Industries International Inc. SUP 20.88 4.6% -1.6% 38.3% 10.4 563.1 Ever-Glory International Group Inc. EVK 1.99 -2.5% -5.7% -36.4% 3.7 29.4 US Auto Parts Network Inc. PRTS 7.08 0.1% -15.7% 2.5% 70.8 216.2 Farmer Bros Co. FARM 9.49 5.4% -46.7% -42.4% NA 153.8 BIOMEDICAL/PHARMACEUTICAL Jakks Pacific Inc. JAKK 17.97 1.6% -1.4% 28.5% 17.8 488.9 Amgen Inc. AMGN 58.16 0.5% 5.9% 3.6% 12.2 54,068.5 Mattel Inc. MAT 26.90 5.0% 5.8% 22.1% 14.9 9,350.1 Arrowhead Research Corp. (L) ARWR 0.45 -10.0% -49.7% -63.7% NA 32.3 OSI Systems Inc. (H) OSIS 40.53 5.2% 11.5% 38.6% 24.9 772.2 CytRx Corp. CYTR 0.77 -2.4% -23.9% -6.2% NA 84.0 Overhill Farms Inc. OFI 5.59 1.6% -3.0% -8.4% 16.9 88.5 Iris International Inc. IRIS 9.43 3.4% -7.8% -9.9% 61.2 167.8 Reed's Inc. REED 2.05 0.5% 2.0% -2.8% NA 22.2 MannKind Corp. MNKD 4.06 8.6% -49.6% -28.3% NA 530.6 Virco Manufacturing VIRC 2.90 2.9% 9.8% -14.1% NA 41.2 Obagi Medical Products Inc. OMPI 9.45 3.6% -18.2% -26.6% 13.5 174.8 MEDIA/LEISURE/ENTERTAINMENT Oxis International Inc. OXIS 0.09 3.8% -41.3% -40.4% NA 16.3 Crown Media Holdings Inc. (L) CRWN 1.71 0.6% -34.7% -2.3% 17.1 615.0 Physicians Formula Holdings Inc. FACE 3.78 -3.6% 0.5% 9.9% 189.0 51.4 Daily Journal Corp. DJCO 72.50 -1.0% 0.7% 2.1% 12.7 100.1 Response Genetics Inc. RGDX 2.84 6.4% 14.5% 17.8% NA 52.1 Demand Media Inc. DMD 14.00 -5.0% NA NA NA 1,164.9 Staar Surgical Co. STAA 5.08 -1.0% -16.7% -6.6% NA 180.6 Derycz Scientific Inc. DYSC 3.00 0.0% 13.2% 194.1% NA 50.5 COMPUTERS/PERIPHERALS/ELECTRONICS DirecTV DTV 47.65 1.7% 19.3% 30.3% 17.5 36,581.1 Aura Systems Inc. AUSI 0.72 4.3% -4.0% -7.7% NA 44.4 DreamWorks Animation SKG Inc. DWA 21.36 -0.1% -27.5% -24.8% 4.3 1,803.6 International Rectifier Corp. IRF 25.97 2.6% -12.5% 27.1% 13.7 1,811.7 DTS Inc. DTSI 41.16 -0.2% -16.1% 21.7% 42.9 716.2 Ixia XXIA 12.48 -4.1% -25.6% 31.2% 52.0 857.4 Entravision Communications Corp. EVC 1.85 -3.6% -28.0% -31.7% 37.0 158.1 MRV Communications Inc. MRVC 1.29 1.6% -27.9% -9.2% 18.4 203.1 Image Entertainment Inc. DISK 0.17 6.3% 21.4% -19.0% NA 43.5 PC Mall Inc. MALL 7.36 -4.0% -2.8% 63.6% 10.8 91.3 Lions Gate Entertainment Corp. LGF 6.53 6.4% 0.3% -6.7% NA 894.6 Power-One Inc. PWER 8.14 0.7% -20.2% 12.3% 6.7 843.5 Live Nation Entertainment Inc. LYV 11.04 1.5% -3.3% 1.7% NA 2,007.7 Qualstar Corp. QBAK 1.80 2.9% 6.5% 3.4% NA 22.1 NeuMedia Inc. MNDL 0.46 -1.1% 56.9% 30.0% NA 16.5 Semtech Corp. SMTC 25.14 0.2% 11.0% 43.9% 19.2 1,643.4 Point.360 PTSX 0.55 14.6% -37.5% -69.4% NA 5.9 Taitron Components Inc. TAIT 1.29 9.3% -18.4% 15.2% NA 7.1 Provision Holding Inc. PVHO 0.05 9.9% -16.7% -50.0% NA 2.3 Trio Tech International TRT 3.42 3.6% -18.0% -17.2% 14.9 11.4 Reading International Inc. RDI 4.71 1.3% -6.7% 23.9% NA 110.4 Vitesse Semiconductor Corp. VTSS 4.13 -2.6% -1.4% -37.0% 4.0 100.9 RealD Inc. RLD 24.10 -0.7% -7.0% NA NA 1,305.5 CONSTRUCTION/ENGINEERING Salem Communications Corp. SALM 3.35 6.0% 5.7% -8.6% 30.5 81.3 Aecom Technology Corp. ACM 27.29 -0.7% -2.4% 12.6% 12.9 3,252.9 Sports Club Inc. SCYL NA NA NA NA NA NA Ameron International Corp. AMN 66.05 6.3% -13.5% 8.7% 37.3 603.5 Stratus Media Group Inc. SMDI 0.80 15.9% 25.0% -5.9% NA 51.4 Jacobs Engineering Group Inc. JEC 41.76 1.4% -8.9% 2.8% 16.9 5,295.6 Tix Corp. TIXC 1.71 -2.3% 37.9% 42.5% 42.8 53.2 KB Home KBH 11.83 8.1% -12.3% -0.5% NA 910.6 Walt Disney Co. DIS 38.31 -0.2% 2.1% 11.5% 16.7 72,411.8 Ryland Group Inc. RYL 17.16 7.0% 0.8% 10.1% NA 761.5 MISC. SERVICES Tetra Tech Inc. TTEK 22.31 3.4% -11.0% 5.7% 16.9 1,390.9 Air Lease Corp. AL 25.69 -0.3% NA NA NA 2,574.6 Tutor Perini Corp. TPC 19.05 -2.8% -11.0% 9.9% 10.3 897.7 Cadiz Inc. CDZI 10.23 -4.8% -17.8% -9.1% NA 141.5 ENERGY/UTILITIES Electro Rent Corp. ELRC 16.39 4.4% 1.4% 23.7% 19.5 393.0 American States Water Co. AWR 33.69 1.3% -2.3% -0.3% 16.2 628.7 Enova Systems Inc. ENA 0.87 3.3% -32.3% -11.4% NA 27.4 BNK Petroleum Inc. BNKPF 4.86 -2.0% 41.7% 148.0% NA NA Korn/Ferry International KFY 21.80 -5.0% -5.7% 40.7% 16.8 1,023.9 BreitBurn Energy Partners LP BBEP 19.41 0.2% -3.6% 29.1% 41.3 1,146.0 National Technical Systems Inc. NTSC 6.79 -7.2% -15.9% 1.6% 67.9 69.6 Capstone Turbine Corp. CPST 1.42 0.0% 47.9% 39.2% NA 368.2 NetSol Technologies Inc. NTWK 1.42 2.9% -24.1% 73.2% 7.9 78.6 Edison International EIX 39.01 0.8% 1.1% 16.8% 11.9 12,709.9 On Assignment Inc. ASGN 9.43 3.9% 15.7% 80.0% 67.4 348.6 Occidental Petroleum Corp. OXY 100.93 -1.2% 2.9% 20.6% 16.0 82,043.4 Rentech Inc. RTK 0.92 3.4% -24.6% -9.8% NA 205.0 U.S. China Mining Group Inc. SGZH 3.50 9.4% -45.0% -41.1% 3.7 66.2 Scope Industries SCPJ 211.00 -1.9% 63.6% 67.5% 65.3 210.7 FINANCIAL SERVICES UTi Worldwide Inc. UTIW 20.10 4.7% -5.2% 43.6% 28.7 2,063.3 1st Century Bancshares Inc. FCTY 3.80 8.0% -7.3% 9.8% NA 35.5 REAL ESTATE American Business Bank AMBZ 23.50 -1.9% 5.5% 10.0% 11.4 102.7 Alexandria Real Estate Equities Inc. ARE 79.53 4.4% 8.6% 15.4% 26.5 4,912.0 Anworth Mortgage Asset Corp. ANH 7.42 2.3% 6.0% 5.5% 8.7 938.9 CB Richard Ellis Group Inc. CBG 24.08 5.0% 17.6% 61.3% 31.3 7,825.7 Bank of Santa Clarita BSCA 7.65 -2.5% 10.1% 27.3% 38.3 16.8 Douglas Emmett Inc. DEI 19.94 3.3% 20.1% 32.5% NA 2,480.9 HCP Inc. HCP 37.66 4.8% 2.4% 17.5% 34.9 15,291.0 Beach Business Bank BBBC 5.95 0.0% 19.0% 11.2% NA 24.1 Hudson Pacific Properties Inc. HPP 15.59 3.2% 3.6% NA NA 523.3 Broadway Financial Corp. BYFC 2.20 -6.8% -9.5% 15.8% NA 3.8 Intergroup Corp. INTG 23.56 3.1% 9.0% 52.6% 6.2 56.4 California United Bank CUNB 12.25 0.0% -0.8% 6.5% NA 60.5 Kennedy-Wilson Holdings Inc. (H) KW 12.00 3.6% 20.1% 9.2% NA 482.2 Cathay General Bancorp CATY 15.61 5.4% -6.5% 42.2% 23.3 1,227.5 Kilroy Realty Corp. KRC 39.10 2.5% 7.2% 21.1% 260.7 2,285.7 Center Financial Corp. CLFC 5.83 4.1% -23.1% 0.0% 13.0 232.7 LTC Properties Inc. LTC 27.21 2.1% -3.1% 5.2% 24.5 825.4 City National Corp. CYN 52.86 0.7% -13.9% -5.0% 18.5 2,811.0 Macerich Co. MAC 51.50 4.4% 8.7% 27.1% 190.7 6,741.3 Colony Financial Inc. CLNY 18.23 1.3% -8.9% 3.4% 12.5 596.7 Meruelo Maddux Properties Inc.* MMPIQ 0.56 -1.8% 100.0% 154.5% NA 49.3 East West Bancorp Inc. EWBC 19.34 3.9% -1.1% 17.5% 15.6 2,875.5 MPG Office Trust Inc. MPG 2.71 -2.2% -1.5% -11.4% NA 132.9 Farmers & Merchants Bank FMBL 4300.00 1.2% 8.3% 6.9% 10.2 563.0 Pacific Office Properties Trust Inc. PCE 2.03 -7.7% -51.3% -51.7% NA 39.3 First California Financial Group Inc. FCAL 3.52 -1.7% 25.7% 26.6% NA 100.0 Portsmouth Square Inc. PRSI NA NA 4.3% 2.1% 6.3 17.6 General Finance Corp. GFN 2.99 5.7% 51.0% 167.0% NA 65.8 PS Business Parks Inc. PSB 54.55 3.9% -2.1% -5.3% 30.8 1,348.2 Great American Group Inc. GAMR 0.30 NA -38.8% -81.8% NA 9.2 Public Storage PSA 111.69 1.8% 10.1% 21.6% 39.5 19,993.7 Green Dot Corp. (L) GDOT 32.85 -2.9% -42.1% NA 34.2 1,375.7 Santa Fe Financial Corp. (H) SFEF 21.00 NA 59.0% 75.0% 233.3 26.1 Hanmi Financial Corp. (L) HAFC 0.88 -11.1% -23.3% -43.1% NA 133.4 Thomas Properties Group Inc. TPGI 3.28 -1.8% -22.3% -9.4% NA 167.0 Kaiser Federal Financial Group Inc. KFFG 12.27 2.5% 6.0% -5.5% 14.0 117.3 RESTAURANTS/RETAIL/GROCERY Malaga Financial Corp. MLGF 14.75 0.0% -3.3% -11.9% 8.1 85.5 99 Cents Only Stores NDN 20.14 -0.9% 26.3% 42.7% 18.8 1,418.6 Manhattan Bancorp MNHN 4.00 0.0% -22.3% -27.3% NA 16.0 Arden Group Inc. ARDNA 88.06 3.5% 6.7% -2.5% 14.9 270.4 Mission Valley Bancorp MVLY NA NA 16.0% 1.2% NA 19.6 Big 5 Sporting Goods Corp. (L) BGFV 7.88 -0.9% -48.4% -42.2% 8.7 173.2 Nara Bancorp Inc. NARA 7.50 4.3% -23.9% -13.4% NA 285.0 California Pizza Kitchen Inc. CPKI 18.44 0.0% 6.7% 12.3% 22.5 453.4 NCAL Bancorp NCAL NA NA -5.0% -17.4% NA 22.4 Cheesecake Factory Inc. CAKE 30.17 -0.3% -1.6% 26.6% 20.7 1,742.3 Pacific Commerce Bank PFCI 3.25 NA 8.3% -13.3% NA 7.9 DineEquity Inc. DIN 49.03 1.5% -0.7% 56.4% 29.4 908.3 PacWest Bancorp PACW 20.06 2.3% -6.2% 4.5% 222.9 711.4 Grill Concepts Inc. GLLC 0.30 0.0% 3.4% -14.3% NA 2.6 PennyMac Mortgage Investment Trust PMT 16.57 -1.0% -8.7% 3.8% 9.7 460.0 Jerry's Famous Deli Inc. DELI 1.50 0.0% -57.1% -50.0% 4.8 7.0 Saehan Bancorp SAEB 0.30 0.0% -23.1% -53.8% NA 56.7 Sport Chalet Inc. SPCHB 2.42 5.2% -35.3% -4.0% NA 30.1 SearchMedia Holdings Ltd. IDI 1.92 1.1% -38.3% -40.7% NA 40.0 SOFTWARE Wilshire Bancorp Inc. WIBC 3.01 0.7% -60.5% -68.2% NA 198.2 Activision Blizzard Inc. ATVI 11.31 1.3% -9.1% 1.0% 18.5 12,940.5 HEALTH CARE Cornerstone OnDemand Inc. CSOD 19.05 2.8% NA NA NA 905.6 Health Net Inc. HNT 31.53 3.9% 15.5% 17.5% 12.9 2,853.3 CyberDefender Corp. CYDE 1.64 -2.4% -46.4% -59.5% NA 46.2 Herbalife Ltd. HLF 54.32 0.5% 58.9% 125.2% 20.8 6,477.0 Guidance Software Inc. GUID 7.53 1.2% 4.7% 31.4% NA 190.6 Imaging3 Inc. IMGG 0.10 17.1% -37.3% -76.0% NA 36.5 Peerless Systems Corp. (H) PRLS 3.50 1.4% 11.1% 25.9% 18.4 12.1 IPC The Hospitalist Co Inc. IPCM 46.14 0.2% 18.3% 72.5% 29.2 755.2 Simulations Plus Inc. SLP 2.87 -2.7% 6.7% 22.7% 19.1 44.3 Molina Healthcare Inc. MOH 26.08 1.6% 40.5% 29.9% 18.1 1,195.9 THQ Inc. (L) THQI 3.42 2.4% -43.6% -28.0% NA 233.7

NOTES ON STOCK TABLES (H) Stock hit new 52-week high (L) Stock hit new 52-week low (S) Stock split during week *Reorganizing under Chapter 11 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

38 LOS ANGELES BUSINESS JOURNAL INVESTMENTS & FINANCE JUNE 27, 2011

ECONOWATCH L.A.COUNTY

%± from GENERAL INDICATORS Latest Previous previous Year %± from period period period ago year ago still breaking ground. Employment (000’s) (May)1 ...... 4,284.8 4,322.8 -0.9% 4,261.2 +0.6% Unemployment (000’s) (May)1 ...... 577 575.7 +0.2% 590.5 -2.3% Film Production Days (1st qtr.)2 ...... 11,604 11,712 -0.9% 11,087 +4.7% Bankruptcies Chapter 7 (Apr.)...... 3,609 4,043 -10.7% 3,680 -1.9% Chapter 11 (Apr.) ...... 57 47 +21.3% 38 +50.0%

Trade3 Exports (mils.) (Apr.) ...... $10,397.0 $10,451.0 -0.5% $8,694.7 +19.6% Imports (mils.) (Apr.)...... $26,441.8 $25,606.8 +3.3% $18,880.3 +40.0% Air cargo4 LAX (Apr.)...... 155.1 174.7 -11.2% 165.3 -6.2% Burbank (Apr.) ...... 7.3 8.7 -16.1% 8.0 -8.8% Container volume5 (000’s) Long Beach (Apr.) ...... 531.1 412.2 +28.8% 485.1 +9.5% Los Angeles (Apr.) ...... 617.3 600.8 +2.7% 595.3 +3.7% Los Angeles CPI (Apr.) ...... 233.3 232.2 +0.5% 225.9 +3.3%

%± from REAL ESTATE Latest Previous previous Year %± from period period period ago year ago Construction lending (mils.) (Apr.) ...... $121.9 $169.3 -28.0% $120.1 +1.5% Property acquisition lending (mils.)6 (Apr.) ...... $1,698.8 $1,800.7 -5.7% $1,951.7 -13.0% Refinance lending (mils.) (Apr.)7 ...... $3,716.4 $5,104.2 -27.2% $3,737.1 -0.6% Foreclosures Number (Apr.) ...... 2,309 2,937 -21.4% 3,096 -25.4% Value (mils.) (Apr.) ...... $604.4 $1,011.6 -40.3% $1,008.6 -40.1% Building contracts (mils.) Residential (Apr.) ...... $160.2 $152.8 +4.8% $229.8 -30.3% Nonresidential (Apr.) ...... $218.8 $260.3 -15.9% $262.0 -16.5% Building permits (mils.) Residential (Apr.) ...... $237.6 $425.8 -44.2% $253.6 -6.3% Nonresidential (Apr.) ...... $232.4 $265.7 -12.5% $312.3 -25.6% We’ve invested $3 billion Housing start permits (Apr.) ...... 544 1,734 -68.6% 587 -7.3% Home sales (Mar.) ...... 4,258 3,371 +26.3% 4,849 -12.2% Home prices (000’s) (Mar.) ...... 330 325 +1.5% 340 -2.9% in new construction Condo sales (Mar.) ...... 1,746 1,308 +33.5% 1,777 -1.7% Condo prices (000’s) (Mar.) ...... 300 270 +11.1% 300 0.0% Apartments (4th qtr.) in the last ten years. Gross occupancy ...... 93.8% 93.9% -0.1% 94.1% -0.3% Avg. sq. ft. rent ...... $1.86 $1.90 -2.1% $1.87 -0.05% Avg. monthly rent ...... $1,609 $1,606 +0.2% $1,564 +2.9% But, we’re not done yet. Office vacancy rates (1st qtr.) Downtown Los Angeles ...... 15.0% 16.0% -6.3% 15.2% -1.3% San Fernando Valley ...... 18.5% 18.0% +2.8% 18.9% -2.1% West L.A...... 16.6% 16.4% +1.2% 16.4% +1.2% South Bay ...... 19.3% 19.0% +1.6% 18.0% +7.2% With available capital, Countywide ...... 16.9% 17.0% -0.6% 16.6% +1.8% Industrial vacancy rates (1st qtr.) no financing contingency and Downtown/Central ...... 2.1% 2.3% -8.7% 2.6% -19.2% South Bay ...... 3.1% 3.2% -3.1% 2.7% +14.8% San Gabriel Valley ...... 3.4% 3.6% -5.6% 4.1% -17.1% development expertise in place, %± from TOURISM Latest Previous previous Year %± from Regency is poised to execute month month month ago year ago Hotel occupancy rate (Apr.) ...... 73.9% 75.9% -2.6% 70.1% +5.4% Room rate (Apr.)...... $149.6 $152.4 -1.8% $142.1 +5.3% your next retail project. Passengers LAX (000’s) (Apr.) ...... 5,028.1 4,951.0 +1.6% 4,687.0 +7.3% Burbank Airport (000’s) (Apr.) ...... 355.7 353.8 +0.5% 375.3 -5.2%

FOOTNOTES 1. Not seasonally adjusted. 5. 20-foot equivalent unit. 2. Music, television, film and commercials quarterly. 6. Apartment and residential combined MAC CHANDLER 3. Through Los Angeles Customs District. 7. Includes refinancings, second mortgages and equity mortgages 4. In thousands of tons. Managing Director | 213 553 2200

BOLDFACE INDICATES UPDATED FIGURES JOHN MEHIG A N Sources: California State Employment Development Department (employment figures); FilmL.A. Inc. (film permits); U.S. Bankruptcy Court, Central District of Calif., Los Angeles (bankruptcies); Census.gov (exports, imports); City of Vice President, Investments | 213 553 2273 Los Angeles Airport Department (LAX passenger traffic and air cargo); Burbank-Glendale-Pasadena Airport Authority (Burbank passenger traffic and air cargo); Bureau of Labor Statistics, Los Angeles (Los Angeles consumer price index); Office of Economic Research at California State University, HomeData (home sales, home prices, condo sales, condo prices); F.W. Dodge Division, McGraw-Hill (building contracts); Construction Industry Research Board DIG IN AND DISCOVER MORE AT: | StillBreakingGround.com (housing start permits, building permits); M/PF Research Inc. (apartments); Grubb & Ellis (office and industrial vacancy rates); PKF Consulting (hotel occupancy rate, room rate). 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

June 27, 2011 • An Advertising Supplement to the Los Angeles Business Journal Southern California Staycation Guide

This special advertising supplement did not involve the reporting or editing staff of the Los Angeles Business Journal. 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

40 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL JUNE 27, 2011

STAYCATION LOCATION SPOTLIGHT Stay Close to Home and “Staycation” in Santa Clarita

EMEMBER the good old days of summer because in reality you often have a hot spot and family friendly hotels, culinary gems, Town Center on Tuesday evenings at 7:00 when spending time with family and destination with plenty of amenities to day spas, and a variety of shopping, all of p.m. July 12, 19, 26 and August 2. Rfriends was the ultimate escape? Chil- offer within a short driving distance of your which support escapism near home. Santa Clarita is a relatively new City, but dren filled the streets until after dark playing home. In fact, most locals often overlook Making a name for itself as a premier this community holds a great deal of history hide-and-seek, neighbors came together for what nearby communities offer. So, it’s event destination, Santa Clarita offers to discover at low to no cost. William S. potluck block parties, and Friday and Satur- time to dismiss that assumption. exclusive events for the entire family Hart Museum, a member of the Natural His- day nights included the faint whispers and Did you know that more than 3 million including several concert series, festivals, tory Museum of Los Angeles, houses an laughter of kids camping in their backyards. people visit Santa Clarita each year at cultural and sporting events. impressive collection of Western art and the Though the memories seem nostalgic, the theme parks Six Flags Magic Mountain and Summer brings many opportunities to fabled Heritage Junction sits at the base of concept of vacationing in your own back- Hurricane Harbor? These amazing theme enjoy free concerts in distinctive settings the museum. Just down the street is the yard is not as distant as you think. parks are certainly among Santa Clarita’s throughout Santa Clarita. The City of Walk of Western Stars in Old Town Newhall, More than likely this summer families biggest attractions. Santa Clarita Concerts in the Park take Santa Clarita’s tribute to legends of the silver and friends will seek out an ideal getaway In addition to world-class coasters and place every Saturday at 7:00 p.m. at Central screen. A visit to Placerita Canyon includes within driving distance, or using the infa- water slides, Santa Clarita offers a phenom- Park from July 9 through August 28, or a stop at the Oak of the Golden Dream, the mous summer’s buzzword, millions of trav- enal outdoor living infrastructure. This catch a performance at the Lexus of Valen- site of California’s first gold discovery years elers will enjoy a “Staycation.” If you plan allows you to enjoy the California sunshine cia Jazz & Blues Concert Series on Town before Sutter’s Mill. Hiking at the Placerita to stay home to get away, there is no better while biking, running, hiking, swimming Center Drive outside Hyatt Regency Valen- Nature Center and Towsley Canyon are also place to do it than in Santa Clarita. or spending time at one of the many well- cia every Friday evening at 7:00 p.m. fun things to do with the family. Southern California residents should kept parks with family and friends. The through August 26, or enjoy a Rockin’ Plus, Santa Clarita is home to the Santa consider vacationing in nearby cities Santa Clarita community also boasts lavish Summer Nights event at Westfield Valencia Clarita Blue Heat, an official United Soccer 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

JUNE 27, 2011 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL 41

League Women’s League team that at press ments, destination dining, signature shop- time remains undefeated this season! This ping and a variety of world-class events, is the second season for this first W-League attractions and accommodations for all franchise in the Santa Clarita Valley. Santa ages have made Santa Clarita a must see Clarita is one of eight teams making up the when visiting Southern California. And Western Conference of the United Soccer Santa Clarita is just minutes from Los Ange- Leagues W-League, the first and longest- les and Ventura, making it an ideal home standing women’s league in North America away from home for those interested in and USL’s highest level of women’s soccer experiencing all the region offers. in the United States and Canada. Bring the family and be sure to catch one of these riv- For more information about how you can eting games before the season ends! enhance your time while exploring all the Santa Santa Clarita offers visitors the quintes- Clarita Valley offers while attending a special sential California experience. Abundant event, visit the Tourism website at VisitSan- sunshine, a unique blend of urban sophisti- taClarita.com or call the Tourism Office at cation and small town charm, historic ele- (661) 286-4084.

STAYCATION LOCATION SPOTLIGHT Staycation at the Water’s Edge at Hotel Maya, Long Beach’s Only Waterfront Hotel

ESTLED at the water’s edge amidst baked DoubleTree cookie upon check-in,” 14 acres of lush, tropical gardens said Kristi Allen, General Manager at Nin a modern, open-air, setting, Hotel Maya – a Doubletree by Hilton. Hotel Maya is a resort retreat in the heart “And with the Hilton HHonors guest of the city. reward program our guests enjoy the ben- Southern Californians looking for a efits of high brand standards with the nearby seaside getaway will revel in cool experiences of a boutique style resort at margaritas on the patio, frolicking in the the water’s edge.” oceanfront pool or indulging in a soothing, Hotel Maya guest rooms are stylish and relaxing massage in a private, floating pool- well appointed with dynamic colors, com- side cabana. plemented with earthy, organic furnishings The Latin American inspired 194-room and finishes. Most rooms have private bal- property also features a shoreline path for conies that include ocean and garden biking or quiet romantic strolls that pro- views. vides access between the Aquarium of the Hotel Maya features a unique seaside Pacific and the Queen Mary. heated swimming pool great for laps or “Guests will truly enjoy our dining, lounging and includes a whirlpool with lounge and amenities including Fuego, nearby cabanas. Adjacent to the pool is a the Latin infused restaurant, seaside pool and spa, and the ever-popular, freshly- continued on page 42

Staycation at the Water’s Edge Long Beach’s Only Waterfront Hotel

Dine t'VFHP UIFNPEFSO -BUJOJOGVTFEJOEPPSPVUEPPSSFTUBVSBOU BOEMPVOHFBU)PUFM.BZB Play t"VOJRVFTFBTJEFIFBUFETXJNNJOHQPPMHSFBUGPSMBQTPS MPVOHJOHBOEJODMVEFTBXIJSMQPPMBOEQSJWBUFøPBUJOHDBCBOBT Unwind t.BOZSPPNTGFBUVSFQSJWBUFCBMDPOJFTBOEPDFBOWJFXT Earn t)JMUPO))POPSTQPJOUT (562) 481-3922 700 Queensway Dr. Long Beach, CA 90802 thotelmayalongbeach.com 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

42 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL JUNE 27, 2011

unique setting at the water’s edge featur- outdoor hookah lounge, share an intimate and Esplanade. Continued from page 41 ing 13-foot-tall glass walls that fully retract moment around the seaside fire pit accen- Hotel Maya, located at 700 Queensway with seating indoors, on the patio and tuated by an opulent outdoor chandelier, Drive, Long Beach, CA 90802, is near Los full bar and sitting area with fire pits for separate, private dining cabana area. take a stroll by the tropical waterfall, or sim- Angeles, Long Beach and John Wayne air- rest and relaxation. Hotel Maya also pro- Fuego’s stunning open-air views include ply enjoy the lush foliage and palm trees ports; a short drive to downtown Los Ange- vides a top-of-the-line fitness center. In the Pacific Ocean, Long Beach skyline and with a variety of romantic fire pits located les and Orange County; and minutes from addition, guests will enjoy marina access the Queen Mary. around the water’s edge. the Queen Mary, Aquarium of the Pacific and boat rental, bicycle rental service, ten- Fuego presents the perfect menus for Hotel Maya is also a perfect location for and Long Beach Cruise Terminal. nis, volleyball, bocce ball and basketball breakfast, lunch or dinner under the sun executive retreats, large meetings, weddings courts. and stars. Also famous for its handcrafted and intimate affairs featuring 10 distinct For additional information or to make reserva- After working up a thirst or appetite, margaritas, Fuego boasts one of the largest meeting rooms, more than 20,000 square tions, please call (562) 435-7676, visit Fuego, the modern, Latin infused indoor- tequila selections in the region. feet of flexible indoor-outdoor space and http://www.hotelmayalongbeach.com or like outdoor restaurant and lounge offers a Guests can enjoy Hotel Maya’s unique two outdoor event areas including Jardin http://www.facebook.com/hotelmaya.

STAYCATION LOCATION SPOTLIGHT Retreat This Summer to Palm Springs

HE Greater Palm Springs Area is known worldwide as Southern TCalifornia’s exclusive and relaxing resort oasis, offering visitors a unique collection of hotels and amenities suited for every taste. Located amid the region’s most beautiful and tranquil surroundings, the Greater Palm Springs area offers visitors of every age plenty to do – both indoors and out. For those who prefer to hit the links, enjoy some of the world’s best golf cours- es with outrageously low summer green fees from Palm Springs to Indio.Summer is also an ideal time for a spa getaway, and Greater Palm Springs spa sanctuaries offer a dazzling array of services and spa specials at peak low rates. Families may choose to spend the day at a local water park or a morning at a local family entertainment center, featuring Go Karts, bumper boats, miniature golf, and more. For a cultural blast, the desert’s many art galleries and museums remain open throughout the summer, offering personal immersion in Native American history, contemporary art, World War II aircraft collections and more. Greater Palm Springs is also home to six outstanding casinos; four of which are full-service resorts – all miles closer without experiencing the desert’s exhil- and plan their own Summer Retreat in Desert Springs Resort & Spa, La Quinta to Southern Californians and far less arating nightlife scene, active seven the desert, with great hotel rates and gas Resort & Club, Rancho Las Palmas congested than the Vegas scene. nights a week. As the sun begins its card and resort credit savings at many Resort & Spa, Renaissance Esmeralda From a group perspective, meetings dazzling descent behind the majestic of Greater Palm Springs most luxurious Resort & Spa, and The Westin Mission and convention attendees can take Santa Rosa and San Jacinto Mountains, properties. Now is the time to refresh in Hills Resort & Spa, plus many more. advantage of great values at more than locals and visitors come out to play in one of our 30,000 pools, recharge in an 30 convention hotels with more than our many restaurants, bars and bistros, award-winning spa, relax under our sig- To get started, visit www.PalmSpringsUSA.com 9,000 hotel rooms, including over $2 offering an array of California, Interna- nature sunshine, and simply resort to and explore the sweet summer deals via the billion in new and enhanced hospitali- tional, fine or family cuisine, plus the summer of a lifetime, all within a ‘Summer Retreat’ link. Be sure to bookmark ty product and amenities throughout happy hour specials featuring generous convenient drive of your own home! www.PalmSpringsUSA.com for detailed, the destination. appetizers and live music. You can take advantage today of up-to-the-minute listings of cool activities Finally, a summer stay in Greater This summer, Southern Californians great rates, gas cards and hotel gift and events held in Greater Palm Springs Palm Springs would not be complete can experience the desert’s magical vibe cards at properties like JW Marriott throughout the year.

STAYCATION LOCATION SPOTLIGHT Life in the Fast Lane at K1 Speed F you’re looking for thrills, look no fur- not only throughout the Los Angeles and approach speeds of nearly 45mph on the and a podium celebration with trophies – ther than K1 Speed! The nation’s largest Southern California area, but nationwide – company’s quarter-mile long indoor race while solo racers and small groups can Iindoor kart racing company, K1 Speed indoor go kart racing allows laypersons and tracks, and with a center of gravity mere opt to prove their mettle against the clock has been serving up adrenaline pumping, experienced racers alike the opportunity to inches off of the ground, fly around corners in a test of precision. Gather your friends wheel-to-wheel action since 2003, and the experience an authentic racing atmosphere at vertiginous speed. To put it simply, these and family and see for yourself. What sort company proudly calls Southern California and genuine wheel-to-wheel thrills in a safe, all-electric high performance machines are of racing are you looking for? home. Not only was the company founded controlled environment. In the case of K1 not your parents’ go karts! in Southern California, in the ocean-side Speed, this environment is one that is envi- A Unique and Thrilling Experience town of Carlsbad, it also operates no fewer ronmentally friendly as well. With all-elec- Race Your Friends or the Clock Every K1 Speed center features precision than five karting centers and houses its tric go karts and eco-friendly centers, K1 If you have a need for speed, there are timing and race scoring to provide objec- headquarters in the region. This connec- Speed manages to accomplish the seeming- far safer places to satiate your adrenaline tive data on a racer’s performance, and the tion with the Southern California lifestyle ly impossible: motor racing with a low envi- fix than the 405 freeway! At K1 Speed, centers – one in Los Angeles, two in Orange makes a visit to K1 Speed particularly ronmental impact. you can race friends in head-to-head County and one in Riverside – have a wide appropriate for a Los Angeles “staycation.” With 20 horsepower electric motors that matches or simply take part in “Arrive array of racing memorabilia on display. If If you want to try something new, exciting, have torque curves as flat as the horizon, and Drive” races where you race against you’re looking for a unique and unforget- and most importantly fun, this Los Angeles the karts at K1 Speed offer instant accelera- the clock. Which race is right for you will table experience, indoor karting is truly a gem will not disappoint. tion and exhilarating top speed. You can depend on what you’re looking for. must-try. enjoy the racing at K1 Speed whether you Groups can take part in GP events for the What is Indoor Go Kart Racing? drive a Prius or a Corvette, because the elec- full grand prix experience – including To learn more about K1 Speed, visit A sport growing more popular by the day tric go karts offer superb performance in a qualifying sessions, a standing-start, race- www.k1speed.com – there are indoor karting centers situated socially conscious manner. Racers can for-position, all-out battle to the finish, 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

JUNE 27, 2011 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL 43 More Fun Things to Do in Los Angeles County

From left: Griffith Observatory, the Hollywood Walk of Fame, Norton Simon Museum

OS Angeles County has no shortage of learning center and aquarium serving K-12 Aquarium of the Pacific - The Aquarium of quet salons, and a charming on-board hotel. fun weekend or staycation activities. classes from schools in the greater Los the Pacific is a celebration of the world’s LBelow, in no special order, is a list of sug- Angeles area as well as the general public. largest and most diverse body of water. Starline Tours of Hollywood - Since 1935, gestions we collected from various locals who The center uses interactive lessons and Through dozens of breathtaking exhibits, ‘Starline Tours of Hollywood’ provides the weighed in on their favorite places to take activities to introduce students to the basic you’ll meet more than 12,000 of this most exciting tours to discover greater Los themselves, their kids or out of town guests. concepts of marine environmental studies, ocean’s inhabitants, including some 550 Angeles. Our daily Hollywood and Los marine biology and oceanography. different species. Angeles tours are from 2 hours: Movie stars Kodak Theatre - Kodak Theatre is the crown homes tour which departs every 1/2 hour, jewel of the Hollywood and Highland enter- Griffith Observatory - The Griffith Observato- Museum of Latin American Art - The Museum to all day tours like the Grand tour of Los tainment complex located in the heart of ry has been a major Los Angeles landmark of Latin American Art in Long Beach, Cali- Angeles or Los Angeles Tours by night. historic Hollywood. Since opening in since 1935. It is visited by nearly two mil- fornia, is the only museum in the Western November 2001, the theatre has hosted a lion people each year end ranks seventh on U.S. to exclusively feature contemporary art The Gamble House - The Gamble House in range of prestigious artists and events the list of major tourist attractions of South- from Latin America. Pasadena, California, is an example of including the Academy Awards Ceremonies. ern California. It sits on the southern slope American Arts and Crafts style architec- of Mount Hollywood where it commands a Queen Mary Seaport - A floating city awash in ture. The house and furnishings were Los Angeles County Museum of Art - With stunning view of the Los Angeles basin elegance, the Queen Mary, listed on the designed by Charles and Henry Greene in more than 120,000 works in its permanent below. Thousands of people enjoy the view National Register of Historic Places, remains 1908. The house, a National Historic collection, LACMA is the premier visual arts from its balconies, especially at night. one of the most famous ships in history. Landmark, is owned and operated by the museum in the western United States. Relive the elegance of transatlantic travel with University of Southern California and is Hollywood Entertainment Museum - Cele- historic shipwalk tours, elegant restaurants, open for public tours. Rancho Santa Ana Botanical Gardens - Locat- brates Hollywood - the place and the enter- unique shops, 16 art deco meeting and ban- ed on 86 acres in Claremont, California, just tainment arts - with interactive exhibits, south of the San Gabriel foothills, the Garden video presentations, studio back-lot tour, and is home to 70,000 native Californian plants, original sets from ‘Star Trek’ and ‘Cheers.’ representing 2,000 native species, hybrids and cultivars. Each season the Garden show- Museum of Contemporary Art - The only cases the incredible wealth and diversity of institution in LA devoted exclusively to art our state’s treasure of native plants. from 1940 to the present, featuring exhibitions of painting, sculpture, drawings, American Cinematheque’s Egyptian Theatre - prints, and photographs of importance. The Cinematheque is a cultural, arts organization that programs year-round specialty film Skirball Cultural Center - The Skirball muse- series at the newly renovated, landmark 1922 um collection, reflecting a history of 4,000 Egyptian Theatre on Hollywood Boulevard. years, ranks among the largest of its genre in the world, with 25,000 objects of artifacts Southwest Museum - The Southwest Muse- related to Jewish life and culture. The museum holds one of the nation’s most impor- um’s core exhibit, Visions and Values: Jewish tant museum, library, and archive collec- Life from Antiquity to America, explores tions related to the American Indian. In themes related to the pursuit of the American addition it has extensive holdings of Prehis- dream through immigration, acculturation panic, Spanish Colonial, Latino, and West- and the embracing of democratic values. ern American art and artifacts. Homestead Museum - A century of southern Los Angeles Natural History Museum - The California history awaits you at the Home- Museum assembles, conserves, interprets, stead Museum! This six-acre site dates from and holds in trust collections of irreplaceable the era when California was still part of Mexi- objects from nature and human history. co through the decade of the 1920s when Los Angeles had become a major American city. Placerita Canyon Park and Nature Center - Placerita is a unique east-west running Hollywood Wax Museum - This unique and canyon featuring cool, shaded oak groves, a exciting attraction takes visitors of all ages willow and sycamore-lined seasonal stream on a personal stroll down memory lane, and numerous other interesting plant and recapturing special moments with old animal communities. The historic “Oak of friends from movies, television, music, the Golden Dream” is the site of Califor- sports and history. nia’s original gold discovery in 1842. Speedzone - SpeedZone, a park built around Norton Simon Museum - European paintings speed and competition, incorporates real and sculpture range from the 14th to the racing action, indoor interactive entertain- 20th century. The Museum exhibits Renais- ment and great food to create a one-of-a- sance, Baroque and Rococo masterpieces by kind entertainment experience. Situated Raphael, El Greco, Rubens, Rembrandt, on approximately 12 acres of land. Hals, and Tiepolo, along with works from the 19th and 20th century by Goya, Manet, Museum of Neon Art - The Museum of Neon Monet, Degas, Renoir, van Gogh, Cézanne, Art (MONA) is a non-profit, cultural and Rousseau and Picasso. educational organization which exhibits, documents and preserves contemporary Santa Monica Pier Aquarium - The Santa fine art in electric media and outstanding Monica Pier Aquarium is a marine science examples of neon signs. 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

44 LOS ANGELES BUSINESS JOURNAL REAL ESTATE JUNE 27, 2011 REIT Likes the Sound of House of Blues’ Home negotiations were not disclosed. million acquiring 1 million square feet along PURCHASE: Kilroy makes The 321,000-square-foot 6255 W. Sunset the West Coast from San Diego to Seattle. Blvd. property at the corner of Vine Street is Kilroy’s target, the sources said, is to an offer for Hollywood’s 83 percent leased. Among the tenants are the acquire five additional properties by the end of Sunset Media Tower. AIDS Healthcare Foundation, a Comerica the year, including two in San Francisco. The Bank branch and, on the ground floor, the acquisitions are expected to top $400 million. UNSET Media Tower, where the House Waffle restaurant. The pickups are being funded by a mix of of Blues has its offices, could be the Kilroy, headquartered in West Los Angeles, equity, unsecured debt, mortgages and other S newest addition to Kilroy Realty owns 25 L.A. office buildings, including financing. The REIT raised $221 million in an Corp.’s large L.A. real estate portfolio, 12200 W. Olympic Blvd., a new-media prop- April secondary offering of more than 6 mil- according to sources with knowledge of the erty where online video service Hulu and lion shares priced at $38.25. talks. comparison-shopping site Shopzilla Inc. are Prior to this series of executed and planned Owner USA Sunset Media Management, tenants. Its portfolio of 109 office buildings in acquisitions, Kilroy historically developed an L.A. real estate investment firm, is in nego- California and Washington spans 11.8 million most properties in its portfolio. However, the tiations with the real estate investment trust to square feet. sources said, depressed prices for quality sell the 22-story building, which it bought for Sunset Media Tower would be Kilroy’s fifth buildings in the current market have caused it $82.5 million in 2005. Financial details of the Hollywood: Sunset Media Tower. acquisition this year. It has so far spent $381 to reconsider that strategy. In the first quarter, Kilroy’s funds from operations, a key REIT metric, were up 14 percent to $30.1 million and revenue rose 25 percent to $88 million. However, Kilroy’s funds

REAL ESTATE JACQUELYN RYAN

from operations of 55 cents per share missed by 2 cents the average expectations of analysts polled by Thomson Reuters. Shares closed at $38.30 on June 23, down 2 percent for the day but up nearly $2 since the beginning of the year. Kilroy declined comment. CB Richard Ellis Group Inc. brokers Robert A. Waller, Tina Lee and Patrick Amos, who represent USA Sunset Media, did not return calls or e-mails for comment.

Vertical Expansion Lockton Insurance Brokers has decided to stay in downtown Los Angeles after search- ing countywide for new offices. The Kansas City, Mo.-based company, the third largest insurance brokerage in Los Ange- les, signed an eight-year lease for nearly 72,000 square feet in the Ernst & Young Plaza at 725 S. Figueroa St. The deal is valued at $19.5 million. The brokerage occupies three full floors at the building, owned by Brookfield Properties Management, and with the new lease has reserved the option to expand to yet another floor. The company moved into the 35th floor in 1995, expanding to the two floors above it over the next decade. Lenny Fodemski, Lockton’s downtown managing director, said the firm’s employee base is rapidly growing and will need more room in the near future. The company scouted offices in Culver City, Glendale and the South Bay, but the benefits of downtown were too strong for the company to break its ties. Employees live as far away as Ventura and north Orange counties, so downtown’s central location and accessibility by public transportation were important, he said. Also, Ernst & Young Plaza is in proximity to other insurers and brokerages, including Aon Corp., American Insurance Group Inc. and Marsh & McLennan Cos. “It’s great to meet someone face to face for lunch one block from the office,” Fodemski said. Jones Lang LaSalle Inc. Managing Direc- tor Tony Morales, Senior Vice President Christina Noonan and Senior Associate Mau- reen Hawley represented Lockton. Brookfield was represented in-house by John Barganski.

Staff reporter Jacquelyn Ryan can be reached at [email protected] or (323) 549- 5225, ext. 228. 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

JUNE 27, 2011 LOS ANGELES BUSINESS JOURNAL 45 Investment Properties For Sale INDUSTRIAL INDUSTRIAL

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46 LOS ANGELES BUSINESS JOURNAL JUNE 27, 2011 BUSINESS MARKETPLACE BUSINESS SERVICES

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JUNE 27, 2011 LOS ANGELES BUSINESS JOURNAL 47 BUSINESS MARKETPLACE FINANCIAL SERVICES ENTERTAINMENT

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JUNE 27, 2011 LOS ANGELES BUSINESS JOURNAL 49 Internet: Conference Technology Speaks to Investors

Continued from page 1

networking medium,” Kiraz said. The Vokle technology works much like a talk radio show. After opening an account with Vokle and publicizing an online event, the host – Paul, for example – sits in front of a computer equipped with a camera and microphone and speaks to his online audience. Viewers submit text questions, and a Paul staffer screens them. The staff worker selects a questioner, gets him or her on the screen and then everyone who’s logged in to the event sees the person asking the question and Paul in a split-screen format. The conversation between the two continues until the staff worker breaks it off and moves on to the next questioner or returns to Paul speaking solo. It’s also possible to present two audience members in a discussion. The main users of Vokle are bloggers who conduct virtual talk shows with their audi- ences. However, the company has attracted some Internet luminaries who have used it for online presentations including singer Imogen Heap, political commentator Arianna Huffing- ton, former Vice President Al Gore and motivational speaker Tony Robbins. Raymond Chan, the first member of the Tech Coast Angels to put money into Vokle, said big names got his attention and convinced him to try the technology. “They were attractive to the Tech Coast Angels because of the attention from Tony Robbins and Arianna Huffington,” Chan said. “I followed the company for a few months and

then we used Vokle for a Tech Coast Angels RINGO H.W. CHIU/LABJ virtual pitch meeting. That put the concept of Connected: CEO Robert Kiraz uses Vokle’s online conferencing technology at the company’s Santa Monica headquarters. the company right in front of the investors.” Chan and about 10 other angels soon put large-scale users. A paid account will have investors are looking for in a company these meeting at a Tech Coast Angels mixer helped $200,000 into Vokle. Subsequent rounds access to more video features, the option to days. Dave Berkus, lead investor at Tech Coast the company connect with investors. brought the number of angel investors up to remove commercial breaks and allow a broad- Angels, said angel investing took a dip with “My advice is perseverance,” Kiraz said. 40. The most recent round of funding will caster to insert its own commercials. the recession of 2008-09, but has returned to “Give yourself enough time to find the expand the company’s staff, currently six full- “Our long-term goal is become the de facto full speed. Tech Coast Angels funds 10 to 20 right person. The economic tides will time employees, and bankroll marketing cam- video communication standard for everyone companies each year plus second rounds. change, but you need to be in the game paigns to grow the user base. who wants to reach an interactive audience, In the last 12 months, three Tech Coast when that time comes.” from a kid who decides to teach a virtual math Angels companies have had successful exits, Berkus said Tech Coast Angels, which con- Commercial breaks class to a celebrity who has a virtual press con- including initial public offerings for Trius sists of about 280 members in five Southern Angel funding has been Vokle’s main ference with the world,” Kiraz said. Therapeutics in San Diego and Green Dot in California chapters, wants a prototype or prod- source of income. The service is free; the com- Andrea Belz, a former angel investor and Monrovia, and the sale of Language Weaver in uct that investors can touch, feel or understand; pany makes money from video advertisements president of Belz Commercialization Con- Los Angeles. an organized business plan and management that appear during commercial breaks in pre- sulting Group in Pasadena, said Vokle could “That’s a lot more activity than we’ve seen team; and an explanation of barriers to entry sentations. run into resistance from customers when it in a while,” Berkus said. that will keep competitors at bay. Kiraz said that based on growth projections, comes to switching its business model. What angels want is a company that can Then they consider the human factor. advertising sales will get the company to “It’s very hard to get people to pay for achieve profitability without bringing in ven- “Do we like the entrepreneur so well that breakeven by the end of 2012. In the last quar- things they’re used to getting for free,” she ture capitalists or large investment funds that we feel he’ll overcome any obstacles?” Berkus ter, Vokle’s registered members have grown said. “Very early on, companies need to decide would dilute the angels’ equity. With Vokle, said. “Or do we like the technology so well we more than tenfold to 760,000. It now delivers on either an advertising or a subscription growth projections show that’s possible. think it will win no matter what the entrepre- more than 1 million page views per month for model. You have to provide a whole lot of Kiraz said he started trying to find money neur does? It comes down to a question of advertisers. value to justify subscriptions.” for Vokle at the depths of the 2008 financial whether we believe enough in either the jockey Eventually, Vokle plans to add a fee for Vokle is a good example of what angel meltdown and it wasn’t easy. But a chance or the horse.” Transportation: Century City Driven to Ease Congestion

Lyles said that a car pooling ZIP code mixer Continued from page 5 is in the works and that the organization might bring in Segways for use by the more tenant defections, four Century City building adventurous workers. owners formed the Transportation Manage- Cannon, a Buffalo, N.Y.-based architectur- ment Association. al and design firm, was among those that “We believe that if this program is here, it signed on. J.D. Balzli, western region sustain- helps to attract and retain corporate tenants,” ability coordinator, said that most of the 90 said Renee Watkinson, vice president of prop- employees at the firm’s Century City office erty management with the Century City office live within five or six miles. But their arrival of CB Richard Ellis Group Inc. “Otherwise, and departure times were spread out so much with some employees commuting from such that van and car pools wouldn’t have worked. great distances, these companies face the “The TMO has helped us motivate people prospect of losing key employees.” to ride their bikes and walk,” Balzli said. With $170,000 from CB Richard Ellis, Beach, the Cannon marketing and graphics JMB Realty Corp., Westfield Group’s manager, now bicycles to work about two days Century City shopping mall and Next Real- a week; she would eventually like to increase ty Group, as well as $250,000 from the city that to four. Her one remaining concern: bicy- of Los Angeles, the transportation associa- cling home in the dark during the shorter days tion hired an executive director and launched of fall and winter. But she’s confident she’ll be in October. Most of the money has been able to work that out.

used to promote alternatives to solo car com- “It’s so nice to bicycle. The freedom of it RINGO H.W. CHIU/LABJ muters; executive director Linda Paradise when I’m on the bike is just so great,” she said. Suiting Up: Sarah Beach, at right, gets ready to bike home from Century City. 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

50 LOS ANGELES BUSINESS JOURNAL JUNE 27, 2011

‘We will definitely be the main beneficiary of the free-trade agreement as far as increased trade flows ... We are the No. 1 customs district with Korea.’ FERDINANDO GUERRA, L.A. County Economic Development Corp. Trade: Korea a Shoo-In While China Gets the Boot? export opportunities while recognizing the sen- Continued from page 1 sitivities of our own textile sector,” Marantis said. “These agreements are all about maxi- L.A.’s Fashion District and a 10,000-square- mizing job growth.” foot design office and warehouse nearby, is Under terms of the agreement, apparel expecting that the duty-free status for Korean manufacturers that want to use fabric that isn’t fabrics will lower the price of textiles and made in the United States or Korea can submit make them more competitive with those from a request for duty-free status on that basis. China, the No. 1 supplier of imported textiles Metchek, who represents textile and appar- to the United States. So Lee could lower the el companies statewide, is also concerned that cost of making garments with Korean fabrics, the agreement doesn’t adequately address which also tend to be higher quality. additional barriers that apparel companies face “We’ll have the advantage of pricing on the when exporting to Korea. For example, she fabric,” said Lee, whose tops, skirts and dress- said it’s often difficult to determine the retail es retail for $40 to $60 at boutiques nationwide price of clothes because it’s unclear how much under the Esley brand. “So we’ll have the Korean ports will charge to import goods. advantage of importing Korean fabric and There is a provision in the agreement designed making it here.” to streamline the customs process to make it more Although L.A.’s apparel companies could predictable and cut the red tape, according to a be a big winner, there are other industries in representative from Marantis’ office. Los Angeles County and the rest of the country However, it is unclear whether the agree- that stand to benefit from the trade agreement. ment will make it easier for local apparel com-

The largest pact since the North American RINGO H.W. CHIU/LABJ panies to export. Free Trade Agreement, the free-trade agree- Clothier: Esley President Steve Lee at the clothing maker’s downtown L.A. office. Vincent Iacopella, managing director at the ment with Korea would eliminate tariffs on 95 Inglewood office of New York logistics com- percent of all U.S. consumer and industrial Agency, a non-profit governmental agency of to import Korean fabrics will likely increase pany Janel Group who works with the local goods within three years and all other goods Korea that supports U.S. companies wanting to their production here. apparel and fashion accessories industry, has within five to 10 years of its signing. Some of do business there, recently set up a help desk to Korea is also expected to start building been tracking the proposal for the Korean trade the top products exported through the Los provide local business owners with informa- apparel manufacturing facilities there because pact. He believes the agreement would benefit Angeles Customs District, which includes the tion on the proposed agreement in hopes that it of the trade agreement. As a result, apparel the majority of textile and apparel companies ports of Los Angeles and Long Beach, and Los will promote trade between local businesses companies could begin making more garments that export to Korea. However, that’s a con- Angeles International Airport, stand to benefit. and their Korean counterparts. The agency, on in Korea with Korean or U.S. fabrics and cept, and the real-life application of the pact Among them are computers; semiconductor Wilshire Boulevard just west of Koreatown, export the goods duty free to the United States. may present challenges. manufacturing equipment; medical equipment; has also been staging seminars on the trade However, the expensive labor in Korea “You really don’t know until you are in it,” airplane engines and parts; and agricultural agreement, providing information on invest- could still make it cost prohibitive to manufac- Iacopella said. goods, especially beef and cotton. ment and trade opportunities in Korea. ture there. There is little apparel manufacturing However, he believes the Koreans would “A lot of people are paying attention to the in Korea because it is far cheaper in such coun- apply the terms of the agreement in good faith. Export boost agreement,” said Hanna Park, an investment tries as China, Vietnam and Cambodia. “There’s no reason to believe that the Kore- Korea is L.A.’s largest trading partner liaison and external affairs officer at the trade “The free-trade agreement will open the ans will put up nontariff barriers after the behind China and Japan, with about $24.3 bil- agency, “not only Korean-Americans, but door for more sourcing in Korea,” said agreement has been signed,” he said. lion in imports and exports last year through business owners in Los Angeles who are think- Christopher Kim, president of the Korean Meanwhile, the relationship between L.A.’s the L.A. Customs District. That’s about 7 per- ing about doing business in Korea or Asia.” Apparel Manufacturers Association, a 1,000- apparel industry and Korean manufacturers is cent of the total value in imports and exports L.A.’s apparel industry, which employs member organization headquartered in the strengthening. Kim of Korean Apparel Manu- that came through the district last year. more than 74,000, has strong ties to Korea. Fashion District. facturers spent last week in Korea meeting The free-trade agreement could boost U.S. Many clothing companies owned by Korean- with members of local governments and busi- exports by $10 billion to $12 billion annually, Americans and their children are in Los Ange- Desirable market ness leaders to look for opportunities for local and about $3.3 billion of that is expected to pass les. Korean-Americans and community leaders Meanwhile, there are also expectations apparel makers. through the district, according to the Los Ange- have already started talking with members of among some local apparel companies that the Kim’s trip followed an April visit to Los les County Economic Development Corp. the Korean government about the use of Kore- duty-free status on U.S. clothing would make Angeles by Kim Moon-soo, the governor of “We will definitely be the main beneficiary an textiles and manufacturing in anticipation of American merchandise more competitive in a Gyeonggi Province, one of Korea’s major of the free-trade agreement as far as increased the agreement, which is part of a package of fashion-conscious Korean market that values manufacturing hubs. Moon-soo met with local trade flows, and as far as volume and dollar val- proposed free-trade pacts, including ones with brand-name designer goods. textile companies and apparel makers, and cel- ues,” said Ferdinando Guerra, associate econo- Panama and Colombia. But there is a glitch in the proposed trade ebrated the grand opening of the Gyeonggi mist at the Economic Development Corp. “We A key factor in the agreement for the appar- pact, according to Ilse Metchek, executive Textile Center of Los Angeles, which was are the No. 1 customs district with Korea.” el industry is the elimination of tariffs on fabric director at the California Fashion Association established in the Fashion District to facilitate The greater L.A. area is home to one of the imports. in downtown Los Angeles. business among local textile and apparel com- largest ethnic Korean populations outside of “Korea, to this point, has been very expen- She said a “yarn-forward provision” means panies and their Korean counterparts. Korea, with an estimated 450,000 Korean- sive because of duties,” said Brian Weitman, that only garments made from U.S. or Korean As Korea becomes a larger player in L.A.’s Americans, according to L.A.’s Consul General chief executive at Fashion District textile sup- yarn are eligible for duty-free status. That apparel industry, Lee of Esley sees benefits of Korea. As such, the L.A. area stands to benefit plier STC-QST and president of the Textile means if an L.A. designer makes clothing with beyond the duty-free status that would be from the free-trade agreement as the local Kore- Association of Los Angeles. “I would definitely Chinese fabric, for example, the tariff waiver granted by the free-trade agreement. an business community is expected to increase change my sourcing strategies to start at least doesn’t apply. “There are communication advantages,” its trading activity with companies in Korea. considering more products from mills in Korea. But Demetrios Marantis, deputy United Lee, a Korean-American, said. “If I say to a “It would mainly be the existing companies They do make great products and if we didn’t States trade representative, defended the yarn- Chinese manufacturer make it rose pink or here and community here that would lead have to deal with duties and tariffs, I think it forward requirement. baby pink, they make it hot pink. But I can dis- those efforts,” Guerra said. would make them more competitively priced.” “The yarn-forward rule reflects a carefully cuss it with Korean partners and one word says The Korea Trade Investment Promotion As a result, L.A. manufacturers that choose balanced approach to how to maximize U.S. it all.” Real Estate: Glendale Pluses Don’t Add Up to Business tive in April that includes providing up to downtown Los Angeles is that employees will year earlier and more than six points higher Continued from page 10 $250,000 in cash matching grants for building be in walking distance to more shops and than the county average. One tenant benefit: improvements to companies moving into the restaurants, while Glendale’s two big malls are asking rents have dropped to $2.59, about 35 wasn’t silent about Glendale’s tax advantages. city’s nearby Creative Corridor along San Fer- too far away for a lunch-time jaunt. cents lower than the county average. Recently, Glendale’s economic develop- nando Road, where DreamWorks Animation Bill Boyd, senior managing director of “Maybe there will be a new industry. We ment team has been trying to promote such SKG Inc. has its headquarters. Charles Dunn Co.’s Glendale office, said that couldn’t have imagined the dot-coms and advantages, boasting in promotional materials Mall developer Caruso, meanwhile, wants any real renaissance of the office market will that they’d take as much space as they did that an average business would save up to to revitalize retail on Brand, which at the street likely have to await an improving market. (elsewhere),” Boyd said. “Glendale is poised $20,000 annually in Glendale versus Los level is dotted with mostly unremarkable shops The recession has been brutal to Glendale. to capture the new and future tenant demand Angeles, Burbank and Pasadena. and restaurants. In the first quarter, the vacancy rate was 23.1 – it’s just there is no tenant demand in the The city also introduced a business incen- Zurich’s Blake said that one attraction of percent, more than two points higher than a marketplace.” 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

JUNE 27, 2011 LOS ANGELES BUSINESS JOURNAL 51

Built on a of foundation trust and stability. RINGO H.W. CHIU/LABJ Linked: From left, Ebyline co-founders Narcisse and Momary. Media: Ebyline Makes Its Name With Freelancers freelancers are guaranteed quick payment. Continued from page 1 Marc Cooper, director of Annenberg Digital News at the USC Annenberg School for Com- “Ebyline is a great assistance as we move munication and Journalism, spent much of his forward to that new direction in the news- writing career as a freelancer. He said Ebyline room,” Howry said. has hit on a longstanding problem in the indus- The Sherman Oaks company contracts try: Newspapers are notorious for being late on with both freelancers and news organizations. payments. But he wondered whether changing Freelancers sign up to use the company’s the relationship between writers and editors from online software by submitting examples of one on one to online would cause new problems. their work. They then pitch ideas to publishers “Successful freelance relationships generally or sell completed stories. include very close working relationships between Publishers use Ebyline to find new contribu- the editor and the contributor,” he said. “The more tors or help manage their existing freelancers. The disconnected the editor is from that contributor, use the software to track assignments, receive the the more room there is for all kinds of problems.” finished articles and manage invoices. Publishers also can use the service to buy content from other Newspaper experience publishers or sell their own content. Before co-founding Ebyline, Momary had Ebyline charges publishers an 8 percent worked as vice president of advertising at the transaction fee when a story or photo is pur- Star and as a regional advertising manager at chased; the fee is in addition to the freelancer’s the Los Angeles Times. Narcisse, the compa- pay, not deducted from it. So, for example, if a ny’s chief operating officer, also worked for freelance photographer agreed to get $200, the the Times and was director of operations at its publisher would pay $216. Spanish-language newspaper, Hoy. At first, the company, which has six The pair’s newsroom connections helped employees, only facilitated transactions for them get Ebyline off the ground and many of print stories and photographs. Last month, their past employers have signed up for the Ebyline updated its technology to manage service. Their journalism experience has also audio and video files so it can add radio and helped their credibility. TV customers. “They understand what the pressure and pain Scripps Television Station Group, which points are in our business right now and can look owns stations in Phoenix and Baltimore among ahead and see where we might need help in our other cities, was Ebyline’s first customer to organizations,” said Andy Vogel, senior vice sign up for the audio and video service. Eby- president of digital and mobile at Chicago-based line has about 45 total customers such as the Tribune Co., which owns the Times. The news- Sacramento Bee, non-profit website ProPubli- paper’s custom publishing group, which creates ca and all Scripps-owned newspapers includ- advertising-supported magazines, has been using ing the Ventura County Star. Ebyline for about five months. “Our go-to market is publishers because Newspapers have struggled as readers and they invite their freelancers to join,” Momary advertisers have abandoned print for online. As said. “Those freelancers then become discover- a result, many newsrooms have cut staff and able to other publishers. That’s how we’ve shrunk their papers, or have relied on wire sto- grown our customer base.” ries to compete with the fast-paced online Although some customers, including ProP- news environment. ublica and Cars.com, use Ebyline to syndicate Momary said he and Narcisse founded Eby- their stories, most publishers sign up for Ebyline line to come up with an alternative. to better manage their freelancers. The Star, for “We believed we could help out with tech- example, typically has about 75 freelancers nology to sustain quality content,” he said. under contract at a given time. Before using Several other websites help freelance writ- Ebyline, the paper didn’t have an organized way ers find homes for their stories. A Lansdowne, to keep track of which freelancers it sent to Va., company called Publish2 has also created cover events. As a result, different editors would a syndication platform for papers. sometimes accidentally assign different free- But Joshua Benton, director of Harvard lancers to cover the same event, Howry said. University’s Nieman Journalism Lab, said “It’s a tremendous administrative tool not Ebyline should be able to distinguish itself Member FDIC only in terms of our ability to quickly assign with its technology for the newsroom. stories to our stringers but also in the whole “A lot of products have been aimed at free- process from assignment to the invoicing and lancers to give them a marketplace to pitch payment of stringers,” he said. their goods,” Benton said. “But working with www.americanbusinessbank.com Instead of waiting for the publisher to pay freelancers generally requires more work from freelancers, Ebyline advances the payment to the editor. It makes sense that there would be a LOS ANGELES | ORANGE COUNTY | INLAND EMPIRE | SAN FERNANDO VALLEY | SOUTH BAY them and then charges the publishers for the market for a tool that would try to streamline payment plus the transaction fee. That way, that operation.” 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

52 LOS ANGELES BUSINESS JOURNAL JUNE 27, 2011 Dining: IHOP Looks to Middle East to Beef Up “strong buy.” tors of acting at the behest of Iran. focusing on domestic growth. Continued from page 1 He said international markets such as the In Egypt, presidential elections are sched- Express-style IHOP restaurants have been Middle East are attractive to U.S. restaurant uled for this fall, designed to fill the leadership opening in more nontraditional locations such Islands and Guatemala. operators because there is a growing middle void created when a popular uprising over- as college campuses, military bases and air- “International expansion is a core growth class that has the money and time to spend on threw the regime of Hosni Mubarak. Mean- ports. DineEquity is planning to open between platform for DineEquity as we go forward,” said eating out. while, crime and violence are rampant and the 55 and 65 IHOP locations this year, mostly in Jean Birch, president at IHOP, which has 1,513 “The factors that drove restaurants to grow in nation’s economy struggles. the United States. company-owned or franchised locations mostly the United States in the post-World War II peri- Destin Tompkins, a senior vice president at The IHOP brand also joined the frozen- in the United States, Canada and Mexico. od are now coming together in many overseas Memphis, Tenn., investment banking firm food aisle of Wal-Mart stores last month with DineEquity, which also operates the highly areas,” Elliott said. “You have rising consumer Morgan Keegan & Co. Inc., acknowledged its IHOP at Home frozen breakfast items such franchised Applebee’s Neighborhood Grill and incomes and more people entering the middle- there was a risk. as French toast stuffed pastries. Bar chain, isn’t the only L.A.-based food chain class income levels and lifestyle. So there is “I know that there are several restaurant The moves come as IHOP reported last turning up the heat on international markets. some discretionary spending power, and the abil- companies that have gone into the Middle month that same-restaurant sales for U.S. compa- Cheesecake Factory Inc. of Calabasas ity and desire to eat out is fairly universal.” East, and I haven’t seen that there have been a ny-owned and franchise locations declined 2.7 announced at the beginning of this Nevertheless, the region has whole lot of negative impact from some of the percent for the first quarter ended March 31 com- year a licensing deal with Alshaya been rife with turmoil during the unrest,” he said. pared with the same period last year. The compa- to open 22 restaurants over the next Arab Spring, when popular upris- He believes that DineEquity has evaluated the ny attributed lackluster sales, predominately in five years in five Middle Eastern ings toppled regimes in Tunisia risks with Alshaya and found them acceptable. January and February, to an all-you-can-eat pan- countries. L.A.’s California Pizza and Egypt, then spread to other cake promotion that diners didn’t eat up. Kitchen Inc. ramped up its Middle countries. Beef bacon However, DineEquity has been working to Eastern growth plans last year, Revolution aside, American IHOP is working with Alshaya, a franchise drive traffic and boost sales with new promo- revamping a franchise agreement restaurant chains such as IHOP and operator of more than 55 retail brands, to tailor tions, including a campaign set to begin this with Dubai, United Arab Emirates’ Cheesecake Factory have become the menu to the tastes of Middle Eastern din- week for its funnel cakes, a popular item that Gourmet Gulf Co. to develop 19 recognizable brands among ers. For example, pork products won’t be debuted in 2005. restaurants through the Middle East Mideast consumers because many served because the populations of the nine Tompkins said the company is also looking over the next nine years. The deal Birch visit the United States. countries are predominately Muslim. at ways to improve its operations and studying originally called for Gourmet Gulf “There is name recognition for “In the Middle East bacon is typically the ambiance of the IHOP restaurants to keep to open a minimum of three California Pizza IHOP in the Middle East,” Birch said. “And I served, but it’s either veal or beef bacon,” the brand fresh. Restaurants over a two-year period in the Unit- think it speaks to the beloved nature of an Birch said. “So we will take our flavor profile “They are looking at doing more pay at the ed Arab Emirates. American icon that IHOP has become.” that we think is right for the IHOP business table situations where the server brings your Meanwhile, L.A. frozen yogurt chain Financial terms of the deal with Alshaya and work with locals suppliers to be able to ticket and handles it for you,” Tompkins said. Pinkberry Inc. also has plans to open addition- were not disclosed. The agreement calls for the match that protein.” “It provides an enhanced level of service that al locations in the Middle East through its fran- development of the 40 restaurants over the next IHOP is also planning to add pastries to the the consumer perceives as a higher level of chise deal with Alshaya, which opened the first five years in Kuwait, Saudi Arabia, Jordan, menu because the sweets are a popular break- quality.” Middle Eastern Pinkberry in Kuwait in 2009. Lebanon, Qatar, the United Arab Emirates, fast item. Tompkins follows DineEquity and rates it “Overseas is where the growth in the Oman, Bahrain and Egypt. The restaurants will But one thing that isn’t being modified: “market perform.” restaurant business is now,” said Bryan Elliott, begin to open over the next 12 months. flapjacks. IHOP restaurants use a proprietary Birch said DineEquity is focused on balanc- a senior vice president of equity research at St. The list includes two countries with signifi- pancake mix that will be shipped to the Middle ing its U.S. operations with overseas ambitions. Petersburg, Fla., financial services firm Ray- cant civil unrest problems, however. Eastern restaurants. Other ingredients such as “The business here in the United States is mond James & Associates Inc. “And the In Bahrain, the Sunni Muslim ruling fruits and vegetables will be sourced locally. our core focus and what we spend virtually all Middle East has become a very active place for monarchy is cracking down on Shi’ite-led, Birch said classic IHOP dishes will make of our time on,” Birch said. “But our interna- development of lots of U.S. restaurant brands.” pro-democracy protestors demanding an end to up about 85 percent of the menu. tional business is a good future growth piece Elliot follows DineEquity and rates it a discrimination. The regime accuses demonstra- Meanwhile, DineEquity has also been for us.”

SEMINAR SMART STRATEGIES TO KEEP YOUR BUSINESS GROWING

Hear local industry leaders discuss how best to plan and forecast during uncertain economic times

Thursday, July 21, 2011 7:30 a.m. – 9:30 a.m. Millennium Biltmore Hotel, Emerald Ballroom 506 S. Grand Ave., Los Angeles, CA 90071 Cost: $45/ticket James Stratmann Perry Wong Jim Brill Erin Griffi n Mark R. Szczepaniak Moderator Economist Panelist Panelist Panelist Register Online By July 13, 2011: Regional Manager Senior Economist Chief Financial Offi cer Chief Information Offi cer Chief Financial Offi cer http://www.labusinessjournal.com/bizevents/ Oracle City National Bank On Assignment, Inc. Screen Actors Guild Prospect Mortgage LLC Email: [email protected] Phone: 323.549.5225 Sponsored By: 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

JUNE 27, 2011 INDEX LOS ANGELES BUSINESS JOURNAL 53

‘It was ‘We put it on ‘I’d have to say definitely fun.’ Father’s Day that for me, Iceland JIM HOWARD, because they is the most Bentall Kennedy LP, can come without exciting and on racing at Las Vegas feeling guilt.’ beautiful place.’ Motor Speedway, BRUCE MEYER, BENJAMIN REZNICK, PAGE 3 Meyer Pacific Inc., Jeffer Mangels Butler & on his annual auto show, Mitchell LLP, on his PAGE 3 world travels, PAGE 16

PEOPLE Couric, Katherine ...... 7 Howard, Jim ...... 3 Mescobi, Tammy ...... 54 S Howry, Joe ...... 1/51 Metchek, Ilse ...... 1/50 Saldana, Ron ...... 55 E Huffington, Arianna ...... 1/49 Meyer, Bruce ...... 3 Schierberl, Michelle ...... 3 Elliott, Bryan ...... 1/52 A Mohrfeld, Lynn ...... 3 I Sorribes, Victor ...... 3 Aaron, Richard ...... 12 Ellis, Donald ...... 3 Momary, Bill ...... 1/51 Iacopella, Vincent ...... 1/50 Stiles, Shaun ...... 10/50 Aguilera, Christina ...... 12 F Moon-soo, Kim ...... 1/50 Allen, Bill ...... 5, 49 Fodemski, Lenny ...... 44 J Morgan, Dillon ...... 3 T Jeffer, Bruce ...... 15/16 Tompkins, Destin ...... 1/52 B Forrester, Shayne ...... 12 N Jewel ...... 12 Tucker, Mindy ...... 7 Balzli, J.D...... 5, 49 Freeman-Weitz, Stacy ...... 12 Narcisse, Allen ...... 1/51 Friedman, Barry ...... 54 Beach, Sarah ...... 5, 49 K U Fuller, Tomas ...... 5 O Belz, Andrea ...... 1/49 Kim, Christopher ...... 1/50 Udvar-Hazy, Steven ...... 14 Benton, Joshua ...... 1/51 Olguin, Marisa ...... 8 G Kiraz, Robert ...... 1/49 Berkus, David ...... 1/49 Gephardt, John ...... 3 Knatz, Geraldine ...... 14 P V Birch, Jean ...... 1/52 Goff, Juliet Oehler ...... 8 Koules, Oren ...... 14 Park, Christopher ...... 5, 49 Vamosy, Michael ...... 12 Blahosky, Michael ...... 4 Gore, Albert Jr...... 1/49 Kramer, Ken ...... 6 Park, Hanna ...... 1/50 Vargo, Michael ...... 12 Blake, Bill ...... 10/50 Kushell, Jennifer ...... 12 Vigna, John ...... 8 Boyd, Bill ...... 10/50 Greene, Kimberly ...... 12 Paul, Ron ...... 1/49 Vogel, Andy ...... 1/51 Bryan, Chris ...... 12 Greif, Lloyd ...... 7 L Perez, John ...... 8 Guerra, Ferdinando ...... 1/50 Perez, Patricia ...... 54 Burg, Mark ...... 14 Lee, Steve ...... 1/50 W Gustafson, Eric ...... 8 Leiweke, Tim ...... 54 Perez-Krueger, Nicole ...... 12 Burke, Bob ...... 54 Wayne, Ethan ...... 3 Bush, Jeb ...... 12 Liberatore, Phil ...... 4 Perry, Rick ...... 8 H Weitman, Brian ...... 1/50 C Hanley, Richard ...... 7 M R Whitman, Meg ...... 12 Casden, Alan ...... 6 Hardwick, Sean ...... 12 Maharajh, Arty ...... 10/50 Reznik, Benjamin ...... 15/16 Wienbar, Sharon ...... 14 Casey, Barbara ...... 6 Harris, Hillary ...... 12 Marantis, Demetrios ...... 1/50 Reznik, Janice ...... 15/16 Winfrey, Oprah ...... 7 Chan, Raymond ...... 1/49 Heap, Imogen ...... 1/49 Marciano, Maurice ...... 14 Richmond, Jon ...... 14 Conrad, Lauren ...... 12 Henderson, Arthur ...... 5 McDougall, Todd ...... 3 Robbins, Anthony ...... 1/49 Y Cooper, Marc ...... 1/51 Hill, Christopher ...... 55 Menchel, Michael ...... 14 Ruggirello, Michael ...... 5 Yaroslavsky, Zev ...... 15/16

COMPANIES, D Jeffer Mangels Morgan Keegan & Co Inc...... 1/52 State Farm ...... 10/50 Dalbar Inc...... 4 Butler & Mitchell LLP ...... 15/16 MPG Office Trust Inc...... 6 STC-QST LLC ...... 1/50 ASSOCIATIONS, ETC. DineEquity Inc...... 1/52 JMP Realty Corp...... 5, 49 Stratus Media Group Inc...... 4 N DirecTV ...... 3 John Wayne Enterprises ...... 3 Stun Creative ...... 12 Dish Network Corp...... 3 Jones Lang LaSalle Inc...... 3, 44 National Federation of Independent Business ...... 3 A Draftfcb ...... 12 T K NBC Universal ...... 14 AeroVironment Inc...... 14 DreamWorks Animation SKG Inc. . . .10/50 Tech Coast Angels ...... 1/49 Kaiser Permanente ...... 5, 49 New Enterprise Associates ...... 14 Aetna Insurance ...... 10/50 Textile Association of Los Angeles . . . . .1/50 Kal Plastics ...... 8 News Corp...... 14 Air Lease Corp...... 4, 14 E Transamerica Retirement Keyes Lexus ...... 4 Next Realty Group ...... 5 Alliance Films ...... 14 E.W. Scripps Co...... 1/51 Services Corp...... 4 Kilroy Realty Corp...... 44 Nieman Journalism Lab ...... 1/51 American Insurance Ebyline Inc...... 1/51 Transwestern ...... 10/50 Korea Trade Investment Nossaman LLP ...... 6 Group Inc...... 10/50, 44 Encino Homeowners Association . . . .15/16 Tribune Co...... 1/51 Promotion Agency ...... 1/50 NSBN LLP ...... 54 Amy Levy Public Relations ...... 12 Englander Knabe & Allen ...... 12 Trinity Ventures ...... 14 Korean Apparel Environmental Defense Fund ...... 5, 49 Trius Therapeutics Inc...... 1/49 Anschutz Entertainment Group Inc...... 54 Manufacturers Association ...... 1/50 O Anthem Ventures ...... 14 Esley Collection ...... 1/50 O Hotel Group ...... 3 Aon Corp...... 10/50, 44 Evolution Entertainment ...... 14 L Office of the United States U University of Southern California ...... 12 Apartment Investment F Language Weaver Inc...... 1/49 Trade Representative ...... 1/50 & Management Co...... 6 Las Vegas Convention OriginOil Inc...... 14 U.S. Digital Gaming Inc...... 14 Foley & Lardner LLP ...... 5, 49 U.S.-Korea Free Trade Agreement . . . .1/50 Applebee's Fox Broadcasting Co...... 12 and Visitors Authority ...... 12 Neighborhood Bar & Grill ...... 1/52 Latham & Watkins LLP ...... 15/16 P United Talent Agency Inc...... 12 Fremont Compensation Panda Restaurant Group ...... 4 USA Sunset Media Management ...... 44 Associa ...... 4 Insurance Group ...... 10/50 Lexus USA ...... 4 Lightbank ...... 14 Parsons Corp...... 10/50 USC Annenberg School for Friedman Enriquez & Carlson LLP . . . . .54 B Lions Gate Entertainment Corp...... 14 Pepperdine University ...... 12 Communication and Journalism . . . . .1/51 Baillie Gifford & Co...... 5 Philip L. Liberatore, CPA ...... 54 G Lockton Insurance Brokers ...... 44 BeachMint ...... 14 Pinkberry Inc...... 1/52 V Germ Free Remotes LLC ...... 3 Los Angeles County Belz Commercialization PMK-BNC Inc...... 12 Valley Industry and Goodwin Proctor LLP ...... 5, 49 Board of Supervisors ...... 8 Consulting Group ...... 1/49 Pollack PR Marketing Group ...... 12 Commerce Association ...... 15/16 Gourmet Gulf Co...... 1/52 Los Angeles County Bentall Kennedy LP ...... 3 Port of Los Angeles ...... 14 Variety ...... 1/51 Green Dot Inc...... 1/49 Disposal Association ...... 55 BizBash Inc...... 12 Pro Publica Inc...... 1/51 VCA Antech Inc...... 5 Greif & Co...... 7 Los Angeles County Bob Burke & Co. Ltd...... 54 ProElite Inc...... 4 Guess Inc...... 14 Economic Development Corp...... 5 Ventura County Star ...... 1/51 Boeing Co...... 12, 14 Publish2 Inc...... 1/51 Gyeonggi Textile Center Los Angeles Department Vernon Chamber of Commerce ...... 8 Brookfield Properties Management ...... 44 of Los Angeles ...... 1/50 of Water & Power ...... 8 Q Vernon Light and Power Department . . . .8 Los Angeles Economic Vokle Inc...... 1/49 C Quinnipiac University ...... 7 H Development Corp...... 1/50 VPE Public Relations ...... 54 California Fashion Association ...... 1/50 Haight Brown & Bonesteel LLP ...... 6 Los Angeles Times ...... 1/51 R California Hotel and Hallmark Cards Inc...... 7 Luxe Worldwide Hotels ...... 12 R&R Partners ...... 12 W Lodging Association ...... 3 Raymond James & Associates Inc. . . . .1/52 Wal-Mart Stores Inc...... 1/52 California Pizza Kitchen Inc...... 1/52 Hanmi Financial Corp...... 14 Harvard University ...... 1/51 M Rodeo Drive Committee Inc...... 3 Walt Disney Co...... 10/50, 12, 14 Cannon Design ...... 5, 49 M.H. Alshaya Co. WLL ...... 1/52 Heritage Auctions ...... 3 Russell Investments ...... 4 Warner Bros. Animation ...... 10/50 Casden Properties LLC ...... 6 Maple Pictures ...... 14 Hoy ...... 1/51 Warner Bros. Entertainment Group . . . . .12 Casden Property Co. LP ...... 6 Marina Del Rey Toyota ...... 4 S HREC Investment Advisors ...... 4 Warner Center Transportation CB Richard Ellis Group Inc...... 3, 5, 44 Marriott International Inc...... 54 Sacramento Bee ...... 1/51 Management Organization ...... 5, 49 Century City Transportation Hulu LLC ...... 14, 44 Marsh & McLennan Cos...... 10/50, 44 Scale Venture Partners ...... 14 Westfield Group ...... 5, 49 Management Organization ...... 5, 49 I Massingham & Associates SEG Advisors ...... 3 Cerberus Partners LP ...... 6 Icon Media Direct Inc...... 12 Management Inc...... 4 Sherman Infinity Rings ...... 12 Y Charles Dunn Co...... 10/50 IHOP ...... 1/52 Mattel Inc...... 12 Shopzilla Inc...... 44 Yahoo Inc...... 14 Cheesecake Factory Inc...... 1/52 International Association MBD Energy Ltd...... 14 Skype Global ...... 1/49 Z Coast Packing Co...... 8 of Ports and Harbors ...... 14 McGuire Properties Inc...... 44 South Coast Air Quality Colliers International ...... 10/50 Mercury Media Inc...... 12 Management District ...... 5, 49 Z Shred ...... 3 Comerica Inc...... 6 J Meyer Pacific Inc...... 3 State Compensation Zurich Financial Services Ltd...... 10/50 Crown Media Holdings Inc...... 7 Janel Group ...... 1/50 Mistress Creative ...... 12 Insurance Fund ...... 10/50 Zurich North America Insurance . . . .10/50

These indexes list the people, businesses, associations, organizations, schools, etc., that are named in this week's issue. The numbers refer to the page on which the name is found. Numbers with slashes refer to pages on which lengthier articles are located that contain the name. 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

54 LOS ANGELES BUSINESS JOURNAL COMMENTARY JUNE 27, 2011 LOS ANGELES BUSINESS JOURNAL ® Rethinking the Conventional in L.A. 5700 WILSHIRE BLVD., SUITE 170, LOS ANGELES, CA 90036 HIS is what’s been forgotten in the debate Convention Center. The proposal calls for the raz- tion destination. (323) 549-5225 FAX 549-5255 about whether an NFL football stadium ing of the disjointed West Hall and constructing Los Angeles is already popular with vacation- www.labusinessjournal.com should be built downtown: A new stadium replacement space that would add contiguous ers, so an increase in the convention industry T PUBLISHER & CEO would likely boost L.A.’s stature as a convention city. square footage to the main convention hall. That would be a natural extension. Conventioneers, who MATTHEW A. TOLEDO And let’s face it, this city could would make the Convention Center tend to travel on corporate expense accounts, are [email protected] | ext. 207 use a convention boost. In surveys of more appealing and usable to conven- more valuable for any local economy than vaca- top convention sites, cities at the top tion planners. What’s more, the NFL tioners, many of whom travel on a budget. EDITOR CHARLES CRUMPLEY typically are Las Vegas; Orlando, stadium itself would have a retractable Add it up, and the goose in convention business is [email protected] | ext. 208 Fla.; Chicago; and New York. OK, roof, and it would be available for one reason the Los Angeles City Council should try DESIGN DIRECTOR fine, those cities are tough competi- some conventions. to land the NFL proposal. But it’s not the only reason. ROBERT LANDRY [email protected] | ext. 243 tors, and we probably can never real- For another thing, the NFL stadium The other reason is that the stadium itself MANAGING EDITOR istically match up with them. would help add hotel rooms. Already, appears to be a great offer. The city would have to LAURENCE DARMIENTO But look at the next dozen or so: Marriott International has announced sell bonds to pay construction of the new space at [email protected] | ext. 200 Dallas, Phoenix, New Orleans and – in plans to build a 377-room hotel tower the Convention Center. But that would be paid DEPUTY MANAGING EDITOR STEVE SILKIN California – San Francisco, San Diego across the street north of L.A. Live, and back with revenue from the stadium, and if the [email protected] | ext. 229 and Anaheim. Even such places as COMMENT the Business Journal reported in April amount falls short, Leiweke has promised repeat- NEWSDESK EDITOR TOM HICKS Nashville, Tenn., and San Antonio that more hotels are scouting that area edly that AEG will make up the difference. Even [email protected] | ext. 223 tend to get named before Los Angeles. largely because of the prospect of an better, AEG will pay to construct the stadium. CHARLES REPORTERS A survey at MeetingSource.com put NFL stadium. This is important because That’s far better – far better – than most stadi- RICHARD CLOUGH Los Angeles at No. 14. CRUMPLEY planners are attracted to convention cen- um deals. Cities and counties typically pay for new [email protected] | ext. 251 DEBORAH CROWE This shouldn’t be. We can com- ters with scads of hotel rooms nearby. stadiums or at least a big chunk of them. [email protected] | ext. 232 pete with Nashville. Los Angeles should be in the Tim Leiweke, the chief executive of Anschutz Of course the Los Angeles City Council should HOWARD FINE top 10 of convention cities. Entertainment Group, the creator of L.A. Live and ask pointed questions. Of course it should understand [email protected] | ext. 227 ALEXA HYLAND This isn’t an outrageous presumption. You the backer of the NFL stadium concept, has made the particulars of the deal, financial and otherwise. [email protected] | ext. 235 know that Los Angeles has a lot to offer conven- something of a campaign to get 10,000 hotel rooms But if the deal is as outlined by Leiweke, it’s a NATALIE JARVEY tioneers, including fine weather in the fall and downtown near the convention center. There are great and rare offer. The city shouldn’t fumble it [email protected] | ext. 230 ALFRED LEE spring when most meetings are held. And it has far 6,000 now, so 10,000 may be an overly ambitious away. [email protected] | ext. 221 more to offer now, what with L.A. Live nearby. goal, even though one study says 3,000 rooms will JONATHAN POLAKOFF So how would a National League Football sta- be built if a stadium is constructed. Still, if down- Charles Crumpley is editor of the [email protected] | ext. 239 JOEL RUSSELL dium help L.A.’s convention standing? town got a net increase of only 1,000 rooms in a Business Journal. He can be reached at [email protected] | ext. 237 For one, it would improve the Los Angeles few years, it would make the city a better conven- [email protected]. JACQUELYN RYAN [email protected] | ext. 228 REPORTING INTERN DENIZ KORAY [email protected] | ext. 263 LABJ FORUM VISITING FELLOW HEEJIN PARK [email protected] | ext. 241 Most of us have had to hunt for quarters when parking at a What do you think of CHIEF EDITORIAL PHOTOGRAPHER the new credit card RINGO H.W. CHIU Meter meter. With more and more meters taking credit and debit cards, [email protected] | ext. 256 that inconvenience becomes more rare. But the new meters are, parking meters in RESEARCH DIRECTOR not surprisingly, more expensive. So the Business Journal asks: Los Angeles? DAVID NUSBAUM Madness [email protected] | ext. 236 VICE PRESIDENT OF ADVERTISING JOSH SCHIMMELS [email protected] | ext. 218 TAMMY MESCOBI BOB BURKE card companies should be ecstatic because of the ASSOCIATE SALES MANAGER DARRIN SENNOTT Director of Media & Public Relations Owner potential revenue these new machines create. [email protected] | ext. 220 NSBN LLP Bob Burke & Co. Ltd. ADVERTISING ACCOUNT I like the credit card meters Very much approve. It’s rare enough to find a PATRICIA PEREZ MANAGERS JESSICA ANNAS because I never have change parking spot in this increasing congested urban Partner [email protected] | ext. 240 on me. I’d rather pay $2 for an megapolis of ours, let alone a legal one with a VPE Public Relations MICHAEL KOSASKY hour of parking and have the meter. The frustration of finding a nickel, a couple Love the new meters. Our [email protected] | ext. 253 BILL MOIR convenience of using my cred- of pennies and an old ATM receipt in your pocket two pet peeves will continue to [email protected] | ext. 216 it card instead of getting a $75 is enough to send one in to fits of meter rage. be traffic and parking, both of ROSZ MURRAY parking ticket for not having which stem from our need for [email protected] | ext. 215 JIM SLATER enough change. PHIL LIBERATORE convenience. If you want the [email protected] | ext. 209 Principal convenience, you’re going to SPECIAL EVENTS/ Mescobi Philip L. Liberatore, CPA pay for it. ADVERTISING COORDINATOR MARISSA DE LA CRUZ They’re definitely convenient, because you [email protected] | ext. 213 BARRY FRIEDMAN don’t have to look for spare change, but the new Perez PRODUCTION ARTISTS Owner screens are often hard to see in the sunlight. Credit SALLY FOSTER Friedman Enriquez & Carlson LLP [email protected] | ext. 212 PATTY TSAI-CHU I hate them. When the sun shines too brightly, [email protected] | ext. 242 the display is very hard to see. At night, they are CIRCULATION DIRECTOR not lighting up. I’m very negative about it. I’d MICHAEL LEVINE rather have a convenient way of putting cash in the [email protected] | ext. 247 meter. CUSTOMER SERVICE LE MILLHAUSER [email protected] | ext. 245 ZAINABU BRYANT [email protected] | ext. 244 Los Angeles Business Journal Poll CONTROLLER What do you think of the new credit card NANCY SCHWARTZ parking meters in Los Angeles? [email protected] | ext. 202 ACCOUNTS RECEIVABLE SPECIALIST PATRICIA A. BENSON [email protected] | ext. 231

ASSISTANTS TO THE PUBLISHER BETH THERIAC 56% [email protected] | ext. 249 PAUL KNEZEVIC [email protected] | ext. 203

RECEPTIONIST 44% ERIN SCHAUER [email protected] | ext. 270

Hate Love the the higher convenience. rates.

CITY BUSINESS JOURNALS Online results for week ended June 22 NETWORK 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

JUNE 27, 2011 COMMENTARY LOS ANGELES BUSINESS JOURNAL 55 Keeping the Subway on Track L.A. business interests need to put the brakes on Beverly Hills activists’ efforts to delay the Purple Line.

By CHRISTOPHER HILL So far, most of the S the evaluation and analysis of the proposed Purple businesses outside Line (“Subway to the Sea”) extension continues, it is of Century City A becoming increasingly clear that the Beverly Hills High School board, members of the Beverly Hills City Council and a do not appear to select number of homeowners are intent on potentially delaying realize the vested a project that is critical to the long-term economic health and interest they have growth of the L.A. regional area. In contrast, the greater busi- in the success ness community outside of Century City has ignored or dis- counted this debate. As the deadline for the final Environmental of the subway Impact Report draws closer, it is increasingly imperative that expansion. the L.A. business community invest itself in understanding the First among them potential consequences that may unfold in the event the Beverly is the downtown Hills activists succeed in achieving their agenda. The issue in question is the location of the Century City sub- community. way stop. Currently, two locations are being considered. The first is on Santa Monica Boulevard at the north end of Century City and abuts the Los Angeles Country Club. This is the pre- RINGO H.W. CHIU/LABJ ferred location for Beverly Hills, as the Metropolitan Trans- Century City: Constellation Avenue and Avenue of the Stars. portation Authority would not need to tunnel underneath the Beverly Hills High School. The second location, on Constella- tion Avenue, is situated in the heart of Century City, but important; traffic continues to increase and the gridlock on our their arguments, such as insinuating Metro is operating on requires tunneling underneath the high school. While final data streets is intolerable. While the subway is not the final solution, behalf of the interests of developers, as well as the choice of is still being gathered, common sense and decades of urban the sooner it is built, the more quickly it can impact our region. some of the legal counsel they retained, suggest they are pre- planning would suggest that the best location to achieve the The full benefit will not be recognized immediately, but rather pared to pursue this course of action. greatest benefit is at the center of all the employment Century over the years that follow as people adopt and shift their daily Consider this for a moment: In the event of a legal show- City offers, not one that loses almost half of the area, providing habits to the new opportunities created. The pattern of develop- down, hundreds of construction jobs will be lost, countless ridership to a golf course. ment that has followed after the completion of the Red Line hours of productivity destroyed, and a major infrastructure pro- So far, most of the businesses outside of Century City do not continues 10 years after it opened, but demonstrates powerfully ject designed to help keep Los Angeles as a competitive job appear to realize the vested interest they have in the success of the ability of a subway line to influence and shape a region’s market will be delayed. And for what clear benefit? the subway expansion. First among them is the downtown com- growth. Metro needs to conduct a full and thorough analysis of both munity. Imagine the convenience of traveling to Century City It is clear that the core of the Beverly Hills objections are not locations and the legitimate concerns of the school board should midday for a meeting or having friends or clients arrive in the based on either the best subway design or the best regional be heard and taken into consideration. However, those concerns evening to the Staples Center without having to drive. answer. The basis for their objections has changed several times threaten to overshadow the bigger macro-economic issues that By linking two of the biggest employment centers in the as they have sought to find a case that is compelling to the Los Angeles faces. Just as it is important for the members of the greater L.A. area, the business community will be able to bet- greater community. In the process, they have invested signifi- Beverly Hills community to take time to object, the greater ter compete against other cities for new businesses to grow cant funds and retained a small arsenal of consultants and business community of Los Angeles needs to make it clear that and expand. Study after study has indicated that mass transit lawyers to achieve their goals. issues of mass transit are important to them and that regional is a critical component in building an environment that planning should not be driven by the whims of a few localized attracts and retains business. A successful mass transit system More legal obstacles politicians. benefits the entire region, not just the immediate neighbor- If Metro does choose the Constellation stop location, it is hoods it serves. conceivable that the board will take the step of filing various Christopher Hill is a real estate investor and consultant Furthermore, completing the subway as soon as possible is legal objections to delay and challenge the findings. Some of in Beverly Hills.

Competition Not Regulation Keeps Trash Costs Low

By RON SALDANA Plan is almost ready to launch after years of grass-roots commu- the solution under the current competitive waste collection pro- nity meetings. A key part of this long-range planning is alterna- gram is simple: If you don’t like the service you are receiving, N editorial published in the May 30 issue of the Busi- tive technologies to convert waste into clean-burning gases that hire another company. If you think you are paying too much, ness Journal headlined “L.A.’s Current Trash System Is provide power and reduce landfilling. hire one with a lower rate. Take competition away and city A a Big Heap” was so riddled with inaccuracies that it Again, state law is changing the waste collection recipe. In businesses, along with their customers, will face another eco- begs a response. 2006, the Global Warming Initiative, AB 32, was passed in Cal- nomic hit. And we can start with the headline. It is disingenuous to ifornia, and all municipalities will have to create a franchise As Los Angeles moves toward a commercial franchise trash the city of L.A.’s waste collection and recycling programs agreement for waste haulers that collect commercial waste. The arrangement, the most important factor is to develop a nonex- when the city is in fact recognized as a national leader. intent is to require various materials be recycled and set collec- clusive franchise that keeps competition alive. The standard by which all California municipalities are tion standards, many of which are left to each municipality to We support the city of Los Angeles in setting a level playing judged is a state law that requires municipalities divert 50 per- design and implement. Yes, commercial waste collection fran- field with appropriate environmental and recycling standards cent or more of their waste from landfills. The city of Los chising is coming to Los Angeles. The question is: How will the for all to meet and then letting industry compete on price and Angeles far exceeds this – currently diverting more than 65 per- franchise agreement be designed? service. We always have, to the great benefit of city businesses. cent of its waste from landfills, achieved from groundbreaking Take away competition, like the author of the aforemen- programs aimed at multifamily apartment recycling (about Special rules tioned editorial advocates, and you dismantle a vital waste 750,000 multifamily units are in the city), food waste recycling Currently in Los Angeles, 140 waste haulers are permit- industry and launch a tidal wave of negative economic for restaurants, and specialized commercial recycling developed ted, serving one of the largest concentrations of commercial impacts that will roll throughout Los Angeles. Under an by industry and our business customers. It’s far from the “Wild business in the nation. Most haulers are small businesses, exclusive franchise system, businesses are trapped, a competi- West” as claimed in the op-ed. All this is based on comprehen- many of which have been family operated for generations. tive service mutates into a utility and you are forced to pay the sive and highly audited city reporting. Our industry has invested tens of millions of dollars in clean prescribed rate with no other options. The difference is a busi- Special interest groups seem to want to stir the L.A. waste trucks and the use of alternative fuels. Solid-waste industry ness will pass higher costs on to you – the consumer. Does collection pot to benefit themselves; however, in reality, the pot fleets have special rules and already are the cleanest in the anyone believe that a city-created exclusive monopoly will be is already being stirred and necessary new ingredients are being nation. The industry should be commended, not attacked, for good news for the consumer and our city? Don’t let other peo- added. Our city’s stated goal is to reach 70 percent diversion by its huge investment over the past years in clean technology. ple’s private agendas, and phony scare tactics, destroy one of 2013. Given this rapid progress, this goal appears to be attain- Calling the industry “dirty” is a misrepresentation that the proven best progressive and responsive waste programs in able next year. From here, the ultimate goal is “zero waste” by ignores the facts. the country. 2020 and city-adopted long-range programs are already bring- With these haulers competing for customers, the city of Los ing results. Angeles has kept waste collection and recycling rates low and Ron Saldana is the executive director of the Los Angeles County For example, the Recovering Energy Natural Resources and service high. Competition is the economic engine that translates Disposal Association, which represents solid-waste recyclers, Economic Benefit from Waste for L.A. program was adopted into lower rates, better service and innovation in creating mar- haulers, waste facility owners and operators, and associated several years ago and the Solid Waste Integrated Resources kets for new recycled products. For businesses in Los Angeles, companies throughout Southern California. 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

56 LOS ANGELES BUSINESS JOURNAL JUNE 27, 2011

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7 DOWNLOAD INSTRUCTION ON iPAD Click here to read instructions on downloading PDF on iPad 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

DIGITAL EDITION USERS GUIDE | EDITORIAL LINK TO WEBSITE Los Angeles Business Journal digital edition provides links to navigate through pages and articles easily whether you are on your mobile device such as iPad and computer. With a the touch of your ﬁ ngertips on the headlines, the digital edition will directly link you to the website where the article is placed and can be forwarded through email or copied and pasted on documents of choice.

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1 HEADLINES: Touching headlines leads you directly to the labj.com article. 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

DIGITAL EDITION USERS GUIDE | PAGE JUMPS Los Angeles Business Journal digital edition provides links to navigate through pages and articles easily whether you are on your mobile device such as iPad and computer. With a the touch of your ﬁ ngertips on the headlines, the digital edition will directly link you to the website where the article is placed and can be forwarded through email or copied and pasted on documents of choice.

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2 PAGE JUMPS: Touch jump tags leads you to and from the jump page 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

DIGITAL EDITION USERS GUIDE | ADVERTISING LINKS Los Angeles Business Journal digital edition provides links to navigate through pages and articles easily whether you are on your mobile device such as iPad and computer. With a the touch of your ﬁ ngertips on the headlines, the digital edition will directly link you to the website where the article is placed and can be forwarded through email or copied and pasted on documents of choice.

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3 ADVERTISING LINKS: Touch hyperlinks leads you directly to the website 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

DIGITAL EDITION USERS GUIDE | TABLE OF CONTENTS PAGE Los Angeles Business Journal digital edition provides links to navigate through pages and articles easily whether you are on your mobile device such as iPad and computer. With a the touch of your ﬁ ngertips on the headlines, the digital edition will directly link you to the website where the article is placed and can be forwarded through email or copied and pasted on documents of choice.

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4 TABLE OF CONTENT: Touch table of content teaser will jump directly to the page of the story. 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

DIGITAL EDITION USERS GUIDE | NAVIGATION TOOLBAR Los Angeles Business Journal digital edition provides links to navigate through pages and articles easily whether you are on your mobile device such as iPad and computer. With a the touch of your ﬁ ngertips on the headlines, the digital edition will directly link you to the website where the article is placed and can be forwarded through email or copied and pasted on documents of choice.

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5 NAVIGATION TOOLBAR: Touch navigation button to go to speciﬁ c page indicated. iPad Only 'Thumbnails, LABJ User Guide, Front Page and Table of Contents will appear on iPad. Computer The entire navigation toolbar for computers will appear for expanded navigation options. 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

DIGITAL EDITION USERS GUIDE | THUMBNAILS Los Angeles Business Journal digital edition provides links to navigate through pages and articles easily whether you are on your mobile device such as iPad and computer. With a the touch of your ﬁ ngertips on the headlines, the digital edition will directly link you to the website where the article is placed and can be forwarded through email or copied and pasted on documents of choice.

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49 50 51 52 53 54 55 56 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

DIGITAL EDITION USERS GUIDE | DOWNLOAD INSTRUCTION FOR PC/MAC Los Angeles Business Journal digital edition provides links to navigate through pages and articles easily whether you are on your mobile device such as iPad and computer. With a the touch of your ﬁngertips on the headlines, the digital edition will directly link you to the website where the article is placed and can be forwarded through email or copied and pasted on documents of choice.

We recommend you read the very brief CBJ Digital Edition User Guide which you can download right now at:

http://www.cbjonline.com/a3sdbj/resources/Digital-Edition-InstructionsONLINE.pdf

The User Guide will help you get the most out of the many enhancements incorporated into the Digital Edition.

To read the Digital Edition on either your PC/MAC please follow the instructions below;

To Download: 1. Click on the below listed URL: www.labj.com/digital 2. Click on the edition you wish to download (the editions for each paper are represented by an icon which appears on the Web page you access with the browser). 3. Wait as the selected edition is downloaded into your browser. Download progress will vary from different browsers. 4. The downloaded edition will appear in your browser

Reading Instructions (start here if you have already downloaded the Digital Edition into your browser)

1. Save the Los Angeles Business Journal Digital Edition in an easily accessible folder on your computer. We suggest creating a Digital Edition folder in your Documents Folder where you can save each issue of the Digital Edition. 2. Go do the folder with the Digital Edition, locate the Digital Edition icon and the Digital Edition will open in Adobe Reader. If you don’t have a copy of Adobe Reader on your computer, go to www.labj.com/digital and download a free copy of Adobe Reader. 3. As the Digital Edition opens inside Adobe Reader you will be asked to allow the Digital Edition to open in the full screen mode. 4. You will note a series of buttons across the top of the page of the Digital Editions. The buttons provide the following commands:

Previous Page, 2-Page Spread, 1-Page View, Thumbnails, User Guide, Front Page, Table of Contents, Zoom-in, Zoom-out, Next Page

There are addition links embedded in the Digital Edition (and described in the User Guide) which are intended to enhance your reading experience.

Note: the Digital Edition can also be read on Android, Apple, Blackberry and Windows smart phones and on Kindle and Nook digital reading devices. 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

DIGITAL EDITION USERS GUIDE | DOWNLOAD INSTRUCTION FOR iPAD Los Angeles Business Journal digital edition provides links to navigate through pages and articles easily whether you are on your mobile device such as iPad and computer. With a the touch of your ﬁngertips on the headlines, the digital edition will directly link you to the website where the article is placed and can be forwarded through email or copied and pasted on documents of choice.

We recommend you read the very brief CBJ Digital Edition User Guide which you can download right now at:

http://www.cbjonline.com/a3sdbj/resources/Digital-Edition-InstructionsONLINE.pdf

The User Guide will help you get the most out of the many enhancements incorporated into the Digital Edition.

To read the Digital Edition on either your iPad please follow the instructions below;

To Download: 1. Click on the below listed URL: www.labj.com/digital 2. Click on the edition you wish to download (the editions for each paper are represented by an icon which appears on the Web page you access with the browser). 3. Wait as the selected edition is downloaded into your browser. Download progress is marked by a blue thermometer indicator in the URL bar of the browser. 4. The downloaded edition will appear in your browser

Reading Instructions (start here if you have already downloaded the Digital Edition into your browser) 1. To read the Digital Edition you must move the Edition from your browser to a digital reader. 2. Move the downloaded edition into the iBooks digital reader (iBooks is a standard app delivered on all iPads. The app is available free on in the Apple app store should you need to download a copy of the app) by tapping in the center of the page until you see the "open in" button appear in the upper right-hand corner of the page. 3. Tap on the "open in" button. A list of apps will appear. Select iBooks. After a delay of a few moments, the digital edition will appear on a bookshelf in the iBooks app. 4. Tap on the image of the digital edition shown on the bookshelf and the edition will open in iBooks. 5. Use the tools at the top of each page of the digital edition in combination with the built in tools in iBooks to read and navigate the edition. 6. You will note a series of buttons across the top of the page of the Digital Editions. The buttons provide the following commands:

Thumbnails, User Guide, Front Page, Table of Contents

7. Enjoy reading your weekly digital edition of the Los Angeles Business Journal 8. Please give us feedback by sending me an email at: [email protected]

Note: the Digital Edition can also be read on Android, Apple, Blackberry and Windows smart phones and on Kindle and Nook digital reading devices.