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labusinessjournal.com LOS ANGELES BUSINESS JOURNAL Volume 33, Number 38 THE COMMUNITY OF BUSINESSTM September 19 - 25, 2011 • $3.00 Up Grocery Magnate Front Signs of Life Bags Local Hotel HOSPITALITY: Billionaire Burkle checking into lodging industry. By ALEXA HYLAND Staff Reporter

Ron Burkle may be best known as a supermarket magnate, but the Beverly Hills billionaire is now making moves that’ll likely earn him another label: hotelier. Why Rod Dyer In his first major investment had to close his in L.A.’s hotel market, Burkle celebrity hang- purchased Koreatown’s Wilshire out. PAGE 3 Hotel through a joint venture Burkle between his L.A. investment firm, Yucaipa Cos., and New York hotel developer People and operator Sydell Group. The venture was formed earlier this summer with the goal of spending up to $1 billion to acquire and develop hotels.

Please see HOSPITALITY page 34 Coffee Maker Buzz Leaves Bad Taste How Dr. David Feinberg cured STOCKS: SEC smells trouble at UCLA’s ailing firm started by Bob Marley’s son. medical system. RINGO H.W. CHIU/LABJ Blooming: Robinsons-May property in Beverly Hills slated for high-end condominiums. PAGE 15 By ALFRED LEE Staff Reporter New owners revive luxury condo project One day in May, shares of Jammin Java Corp. Comment shot up to an all-time high of $6.35. Suddenly, the By JACQUELYN RYAN Staff Reporter construction 30 months from then, sources close to Beverly Hills coffee distributor had a market cap top- the matter told the Business Journal. ping $400 million – even though the startup had rev- HE defunct plan to build a luxury condo Joint Treasure, made up of three investor fam- enue of just $1,037 last year. project at one of the Westside’s biggest ilies from Singapore and Hong Kong that also The surge was accompanied by a blitz of online Teyesores – the site of the closed Robin- own the Beverly Wilshire Hotel, plans to move newsletters touting the company, which was co- sons-May department store in Beverly Hills – forward with an existing design by famed archi- founded by one of Bob Marley’s sons, Rohan Marley, appears to be coming back to life, thanks to the tect Richard Meier and market the condos largely and distributes packaged coffee emblazoned with the growing wealth in Asia. to wealthy Asians. late reggae icon’s name and likeness. But within days, Representatives of Joint Treasure Internation- “They are taking a strong eye toward the shares fell under a dollar after a massive sell-off. al, the new owner of the eight-acre property next to Pacific Rim population,” according to a source Now, the unusual activity has triggered a Securities Should busi- the Beverly Hilton Hotel, have begun meeting with familiar with the deal who was not authorized and Exchange Commission investigation into whether nesses clean city officials about restarting the project. They plan Jammin Java was involved in a “pump and dump” rainwater that to begin demolition next summer and complete Please see REAL ESTATE page 32 runs off their Please see STOCKS page 33 property? PAGE 39 Start a Business on Company Time? Sure. MAIL TO: ADVERTISING: WDCW lets headquarters and an additional 80 in Seattle, and allows its creative workers to develop these projects staff pursue side projects at work. between assignments. Chief Executive Ben Wiener said the purpose of By JOEL RUSSELL Staff Reporter the program is to attract and retain creative talent. Permitting employees to pursue their passions keeps Advertising agency WDCW takes a liberal them motivated and yields knowledge – and poten- approach toward letting employees work on person- tial profits – for the agency. al projects at the office. Since the program started two years ago, the agency So liberal that one employee has produced a fea- has retained all its digital experts, a sharp contrast to the ture-length documentary film; another owns an industry norm of high turnover, Wiener said. online coffee company; a group of workers has a Most companies don’t allow employees to do career guidance site; and several maintain blogs – all personal work on the clock, especially if it’s related

while on the company clock. RINGO H.W. CHIU/LABJ The agency has 72 employees at its Culver City Please see ADVERTISING page 31 In the Can: From left, WDCW’s Wiener, Crandall. 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 SEPTEMBER 19, 2011

LOS ANGELES BUSINESS JOURNAL ®

SEPTEMBER 19 - 25, 2011 VOLUME 33, NUMBER 38

RINGO H.W. CHIU/LABJ Page 8: Ball’s can manufacturing facility in Torrance. AVIATION – Internet provider Row 44 aims ON THE COVER to expand its airborne presence by offering ADVERTISING – WDCW gives free rein original content to airlines...... 10 1.25% and full paychecks to employees who pursue Columns & features – Media Watch 10, other ventures at work. Health Care & Biotech 12, News of the REAL ESTATE – New Asian owner Joint Week 14 Treasure looks to revive the fortunes of scrapped Beverly Hills condo project. PEOPLE STOCKS – Coffee distributor Jammin Java’s briefly red-hot stock led to legal heat INTERVIEW – Dr. David T. Feinberg gave from the SEC. UCLA Medical System’s reputation a shot in HOSPITALITY – Billionaire Ron Burkle the arm by improving bedside manners. . .15 09/19/11 hopes to make room in L.A.’s hotel scene for his recently acquired Wilshire Hotel. THE LIST 09/19/11 UP FRONT RANKING – The 25 largest charitable foundations/trusts in Los Angeles County, DINING – Star wattage couldn’t stop the ranked by total county assets...... 18 curtain from falling on show business industry hot spot Pane e Vino...... 3 SPORTS – Movie director teams with Dr. J’s INVESTMENTS & FINANCE son to take a shot at reviving basketball’s Columns & features – Econowatch 23, ABA league...... 3 LABJ Stock Index 24 TICKETING – Goldstar’s new Sit With Friends social networking feature relies on the closeness of customers...... 3 REAL ESTATE Columns & features – Page 3, Columns & features – Real Estate The test of time. Regional Report 4 Column 26

NEWS & ANALYSIS L.A. BIZ SEEN ENGINEERING – Aecom is game for more CELEBRATIONS – Photos from L.A. business in Brazil after scoring the Olympic business community events...... 36 Park project for 2016...... 5 LEGISLATION – Labor may look to next year to rerun a defeated bill on retaining COMMENTARY building workers...... 5 COMMENT – If may be unfair for AEG to AUTOMOTIVE – Enova stock has dropped get some relief from the state’s environmental as the maker of hybrid and electric drive trains has failed to get traction with fleet law, but that’s the way big government operators...... 6 systems are designed to work, opines Charles INTERNET – Aiding hack-attacked Sony has Crumpley...... 38 been key to unlocking cybersecurity work for TWO VIEWS – Mike Paik fears proposed Guidance...... 7 rainwater treatment rules for businesses will MANUFACTURING – Soda can maker plunge the state into further regulation. Harry traight talk. Sound counsel. Practical solutions. S Ball’s former home looks like another B. Chandler sees the Los Angeles River as a At Snell & Wilmer, some things never change. warehouse conversion candidate in the way around more business fees...... 39 South Bay...... 8 Columns & features – LABJ Forum 38 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 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 denver | las vegas | los angeles | los cabos | orange county | phoenix | salt lake city | tucson 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

SEPTEMBER 19, 2011 UP FRONT LOS ANGELES BUSINESS JOURNAL 3

franchises – it costs $20,000 Jumping to secure a franchise – and Through then have the top 16 teams invited to an ABA Classics Hoops playoff similar to the NCAA basketball tournament, with Son of Dr. J joins film the winning team splitting director to put bounce $10 million in prize money. back in ABA league. “The new ABA will be high-stakes basketball,” said Basketball fans old enough Taylor, who played profes- may remember the American sionally in Europe. Basketball Association – the In order for the plan to work, flamboyant startup league that however, the league needs to get played with a red, white and some sort of television contract, Taylor blue basketball and merged and that’s where the son of Dr. J with the National Basketball as large as New York. may help. J. Erving, who runs a Association in 1976. Locally, there’s the Los New York sports marketing For those who weren’t Angeles Slam, which actually firm, declined comment, except keeping score, the ABA was plays in Corona, and the SoCal to confirm his investment. revived as a semipro league in Swish, whose home court is the Taylor said he believes the RINGO H.W. CHIU/LABJ 1999. Now, a Hollywood hor- West Los Angeles College gym. final broadcast product could Shooting Star: Former owner Rod Dyer in front of L.A.’s shuttered Pane e Vino. ror film director and producer Taylor said that with an be much more interesting than – along with the son of ABA NBA lockout looming, it a typical hoops game, with Garland took over the lease sautéed shrimp with polenta and NBA legend Julius “Dr. looked like a good time to try to multiple camera angles, music Hollywood from Dyer. Garland is giving and prices range $15-$30 per J” Erving – are looking to get improve the fortunes of the and other treatments used in Eatery Calls the space a facelift, renovat- item. Dyer, 76, recently tried to it flying high again. struggling ABA, which features movies and television. ing the interior and adding a boost business by offering dis- Deon Taylor, whose credits a mix of former college players “The current league was It a Wrap sidewalk dining patio. counts through daily deal sites include various B movies, and looking to increase their pro lacking innovation and infra- But Dyer is still involved. such as Groupon and Black- the basketball star’s son prospects, overseas players and structure that made the origi- Pane e Vino shutters He’ll be serving for a time as boardEats. But he said the recently took an undisclosed former NBA players – all will- nal ABA successful,” he said. after 20 years as an a consultant to Garland on his people would use the coupon minority interest in the current ing to play for just a few thou- Oh, and yes, the league industry hangout. new concept for the space. and never return. Investors version of the ABA, which has sand dollars a season. still does play with a red, Dyer’s background is graphic were paying some of the 50 teams playing in markets as Taylor’s plan is to expand white and blue ball. Actor Bruce Willis invest- design. His credits include expenses to keep Pane e Vino small as Aberdeen, Texas, and the league even further to 80 – David Nusbaum ed in it, Billy Dee Williams logos for the Disney Channel running, but time had run out. was a regular and hit shows and “Entertainment Tonight.” Of course, Pane e Vino isn’t were filmed there. Despite Pane e Vino (which means the only finer-dining establish- ing them to buy nearby seats at Industry leader Ticketmas- that star power, Pane e Vino “bread and wine”) debuted ment to fall victim to the econo- Providing venues such as Staples Center ter has seen friend-to-friend couldn’t withstand the reces- more than 20 years ago after my, said Jerry Prendergast, Chair Lift and Dodger Stadium. marketing work through its sion. What happened? Dyer decided he wanted to principal consultant at Culver Goldstar Chief Executive use of Facebook. The Italian eatery first took a open a restaurant where all of City restaurant consultancy Goldstar ticket program Jim McCarthy said the Sit Jacqueline Peterson, Tick- hit during the Writers Guild of his friends could hang out, an Prendergast & Associates. Sit With Friends takes With Friends feature has been etmaster spokeswoman, said America strike in 2007. Busi- eatery influenced by La Scala “Most of your white-table- in the works for about a year, the company got an average ness never really bounced back in Beverly Hills. Dyer, who cloth restaurants are still in social approach. following customer feedback of $5 in new ticket sales last because people stopped eating didn’t have any experience run- trouble,” Prendergast said. Discount ticket seller about negative experiences year every time a Facebook out once the recession hit. So ning a restaurant, got high-pro- “People still want good food, Goldstar in Pasadena recent- from buying blocks of tickets user posted event information owner Rod Dyer was unable to file friends such as Willis, but they don’t want the stuffi- ly unveiled its first “social for friends and then trying to on the social networking site. pay the landlord and vendors. Guess Chief Executive Paul er atmosphere.” ticketing” venture, following get them to pay for their seats. Last month, Ticketmaster Faced with a mounting pile of Marciano and film director-pro- Dyer acknowledged that the the lead of Hollywood’s Sometimes people cancel; announced it will allow cus- debt, Dyer decided at the end of ducer Michael Mann to invest. restaurant might have done bet- Ticketmaster to the new for- other times they’re reluctant tomers to share ticket pur- last month to close the restau- Pane e Vino became a power ter if he’d freshened the place mat of “event marketing.” to part with their cash. chase information on the site rant on Beverly Boulevard a lunch spot among entertainment up; he hadn’t changed it much Goldstar, which offers “I don’t think anyone likes by “tagging” their seats on a few blocks east of the Beverly industry insiders such as talent during its life. Regardless, it has deals on tickets to events that doing it that way,” McCarthy map on the event’s Face- Center shopping mall. agents, producers and celebrities been a difficult time for him aren’t selling out, unveiled its said. “It’s a very awkward, book page. “We tried to hang in for as – Halle Berry was spotted giving and his longtime customers. Sit With Friends feature last unpleasant and expensive Peterson said the new long as we could,” he said. Williams a kiss on the cheek “People broke into tears month. The feature gives ticket process.” Facebook feature is the virtual “But it got so bad we had to when the two dined on the when I told them we were purchasers a link that they can Plus it’s good for the compa- version of lining up outside a pull the plug.” restaurant’s patio earlier this year. closing,” he said. send to friends and announce ny: The first ticket buyer acts as record store. Local restaurateur Peter Signature dishes included – Alexa Hyland they’re attending while invit- a salesperson for Goldstar seats. – Jonathan Polakoff

Taking Good Care of the Doctor

Louis Perry has provided security to such “I don’t go there because that’s a sensitive ridge and helps pitch high-profile people as former Vice President Al PAGE 3 issue,” he said. batting practice for his Gore and boxing star Manny Pacquiao, but noth- son’s high school team. ing quite compares to his current assignment. CHARLES CRUMPLEY Taking the Field He’s a Dodgers season Perry is overseeing the personal security of Scott London is playing a new position in the ticket holder and travels Dr. Conrad Murray, the world of L.A. sports. London, partner-in-charge every year to Dodgers physician to Michael courthouse. of KPMG LLP’s audit practice in Los Angeles, Fantasy Camp in Vero Jackson charged with “The big issue is that there won’t be a crazy was elected chairman of the L.A. Sports Council Beach, Fla., former involuntary manslaugh- person who loved Michael Jackson sitting and on Sept. 7. He is only the third chairman of the home of Dodgers ter in the pop singer’s waiting and who attempts an assault on the doc- organization, following Alan Rothenberg and spring training. The death. For each day of tor,” he said. “But if there’s a life being threat- John Argue. Dodgers still have the the trial, which is set to ened, you have to do what you have to do.” The Sports Council focuses on bringing ama- fantasy camp in Florida London begin at the end of this Perry, who launched downtown security firm teur athletic competitions to Southern California. because the team’s new month, Perry personal- Kadima Security Services in 2008, reached out to While it isn’t focused heavily on bringing the site in Glendale, Ariz., doesn’t have the right ly drives Murray from Murray’s lawyers several months ago about han- National Football League back to Los Angeles, sleeping accommodations. an L.A.-area home – the dling security. He eventually got the job after tak- London said a new stadium would have tremen- “There’s about 100 guys who go to Vero Perry location of which he ing the doctor for a test run, driving him to dous impact on the area’s ability to attract other Beach each year,” said London. “It’s fun. We play can’t disclose – to famed Beverly Hills eatery Crustacean for dinner major events. games with some of the former players who go downtown’s Los Angeles Superior Court with and then escorting him to a downtown nightclub. “We aren’t going to bring the Olympics here back there.” paparazzi in tow. Perry said he and Murray hit it off immediate- during my tenure, but my goal is to bring world But Perry, 50, isn’t worried about the aggres- ly and became fast friends – he’s even having the championships for sports like track and field and Staff reporters Alexa Hyland and David Nusbaum sive photographers. It’s the obsessed Jackson doctor over for dinner soon. another World Baseball Classic,” he said. contributed to this column. Page 3 is compiled fans who keep Perry up at night, such as one So do Perry and Murray ever talk about Jack- Baseball is one of London’s biggest passions. by Editor Charles Crumpley. He can be reached at who called Murray a murderer outside of the son? He played college baseball at Cal State North- [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 SEPTEMBER 19, 2011

News and notes from communities across REGIONAL REPORT Los Angeles County Four Diamond on only 3 percent of the 58,000 TRI-CITIES lodging businesses endorsed by the association. The award is determined by a range of customer service and performance criteria. GLENDALE

Plugging In: Everbridge Inc., a Glendale operator of emergency notification services for CENTRAL AREA governments and businesses, has acquired CloudFloor, a Waltham, Mass., cloud-comput- ing technology company. Everbridge’s prod- HOLLYWOOD ucts enable organizations to make mass notifi- cations via text messages, phone, e-mail and Music Score: Bug Holdings Inc., parent other means. Financial terms were not dis- company of independent music publisher closed. Bug Music Inc. in Hollywood, has been acquired by BMG Rights Management, a joint venture of Berlin media conglomerate Bertelsmann AG and New York investment WESTSIDE firm Kohlberg Kravis Roberts & Co. BMG is acquiring Bug Holdings from Boston’s Spec- Westlake Village: Room at Westlake Village Inn, an AAA Four Diamond honoree. trum Equity Investors and L.A.-based Cross- WEST LOS ANGELES roads Media Inc. Financial terms of the deal to invest in a variety of projects including SAN FERNANDO VALLEY were not disclosed. Done Deal: JigoCity, a West L.A.-based retail, multifamily and land for development. daily deal website operator, has been acquired Watt veterans Jim Maginn and Dean Pentikis by FriendFinder Networks Inc., a Boca Raton, will lead the new venture. VAN NUYS Fla., publisher of Penthouse magazine and CORRECTION operator of adult social networking sites. New Delivery: Giggle, a New York-based Taking Off: Maguire Aviation Group The article in the Sept. 12 issue headlined FriendFinder said the acquisition would retail chain of baby products, has opened a LLC at Van Nuys Airport is building a “Clothing Maker Puts Brand on New expand its social networking business in the store in Santa Monica. The new outpost, at 10,000-square-foot terminal at the airport that Business Model” should have said that Asia-Pacific market. JigoCity provides adver- 1120 Montana Ave., is the high-end chain’s will be leased by NetJets Inc., a Columbus, Cherokee Chief Executive Henry Stupp is tiser daily deals in Australia, China, Hong fifth in California and 15th overall. Ohio, business aircraft operator. The project is 48 and that the size of a temporary retail Kong, Singapore, Taiwan and Brazil. scheduled to be completed by early next year. space is 7,000 square feet. Also, a com- Financial terms of the deal were not disclosed. parison of the company’s annual revenue CENTURY CITY in fiscal year 2007 and fiscal year 2011 SANTA MONICA wasn’t accurate because it included a one- Healthy Growth: WestPark Capital WESTLAKE VILLAGE time payout. The article should have said Acquisition Arm: Watt Cos., a Santa Inc., a Century City investment firm, has that the company’s revenue from royalty Monica real estate services company, has launched a division, Tekesta Capital Partners, Hospitality Honor: Westlake Village payments was $44 million in 2007 and launched acquisition arm Watt Investment to focus on the life sciences market. Robert Inn has received the Four Diamond Property was 30 percent lower in 2011. Partners to target properties in the Western Keyser and R. Douglas Armstrong will over- Award from AAA, an auto and travel organiza- United States. Watt has committed $60 million see the division. tion based in Heathrow, Fla. AAA bestows the

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SEPTEMBER 19, 2011 NEWS&ANALYSIS LOS ANGELES BUSINESS JOURNAL 5

nors, who follows Pasadena’s Jacobs Engi- neering Group Inc. and other engineering and construction firms. In fact, earlier this year, the editors of Brazil- ian trade magazine O Empreiteiro wrote that the country’s infrastructure market “remains virtual- ly closed to foreign companies.” Kaplowitz said that’s partly thanks to a preference for local firms and workers, which is why Aecom winning the Olympic Park master plan is so important. The master plan details the general layout and use of the area during and after the 2016 Games. Along with laying out the sites of sta- diums and other buildings, the plan addresses details such as the location of parking lots and public transportation access. The plan dictates where structures will go, but building design is not part of the plan. Con- tracts for that work will be awarded separately. Burke said the company plans to bid on that work and other Olympics-related projects, such as roads and sewers. To do that – and get more Brazilian contracts in its core engineering and design businesses – the company plans to buy local firms. “We’d like to acquire a platform with a large number of Portuguese-speaking engi- Let the Games Begin: Rendering of Aecom’s master plan for Rio de Janeiro’s Olympics complex, in foreground. neers and take a very significant share of that market,” Burke said, adding that the company is in active discussions with Brazilian firms. He said the company, which has 140 employees in the country today, would like to eventually have thousands of employees there. Aecom has a track record of buying firms, Game for Brazil in both emerging and mature markets. It has been the company’s chief method of expansion ENGINEERING: in Russia, India and China. Aecom looks at 2016 Olympics project as means “Our strategy around the world has always been to bring our global expertise and leverage to tap into world’s seventh largest economy. it through local talent,” Burke said.

By JAMES RUFUS KOREN Staff Reporter Aecom executives declined comment on the Competition Aecom Technology Corp. (NYSE:ACM) Rio master plan contract because it is still being Kaplowitz said Aecom isn’t the only company N an industry where companies often win Los Angeles FRI. CLOSE, PAST 5 WKS finalized. However, Kaplowitz estimated the con- trying to tap into Brazil, which saw 7.5 percent 22 contracts of $100 million or more to design CEO: John M. Dionisio 21 tract is worth no more than a few million dollars. economic growth last year. Others are approach- I oil refineries and desalination plants, a rel- Employees: 45,000 20 Michael Burke, Aecom’s chief financial offi- ing the country in much the same way – building 19 atively small contract of perhaps a few million Market Cap: $2.6 billion cer, said Brazil represents a big market, and one a foothold and then figuring out how to expand. dollars could end up garnering billions for 18 that’s just now ready for the kinds of major “Other companies have generally been tip- P/E*: 10 Sept. 14: $21.49 17 Aecom Technology Corp. 16 infrastructure projects Aecom specializes in. toeing into Brazil. They’re devising plans. The downtown L.A. engineering services EPS: $2.17 8/12 8/19 8/26 9/2 9/9 “Given where they are in their economic They have a very small presence in Brazil, like giant was recently selected to design the master *Twelve months trailing. Source: Yahoo Finance development, they now can afford the infrastruc- Aecom. They’re thinking about it, but they plan for Rio de Janeiro, Brazil’s 300-acre sports ture that will take them to the next level,” he said. haven’t made any major moves yet,” said and housing complex for the 2016 Olympics. kets,” said Andy Kaplowitz, a senior analyst with Kaplowitz, who said it remains to be seen how That small award could help Aecom build a Barclays Capital Inc. in New York. “It obviously New market much market share international firms can take big presence in Brazil, an emerging market has a lot of infrastructure growth ahead of it. To Outside of a few industries, including oil from local players. with one of the world’s fastest-growing the extent Aecom can grow its local presence in and gas, which represents the bulk of Aecom’s Burke said he knows Aecom’s competitors are economies – but one that international engi- Brazil, it’s going to be lucrative.” work in Brazil, contracts for big international looking into Brazil, not just because of its growth, neering firms have found difficult to tap. Aecom, which reported $6.5 billion in rev- engineering and construction firms are few in but because the country has reached a tipping point: Aecom, which has had some operations in enue last year, including $2.6 billion from South America’s largest country, said analyst Its economy and political system are stable, and its Brazil since 2005, hopes to leverage the con- international work, already operates in some Robert Connors, a vice president with Stifel gross domestic produce is now large enough to tract to get a piece of major road, airport and 125 countries. But it has announced few con- Nicolaus & Co. Inc. in Baltimore. allow for major infrastructure investment. other infrastructure projects planned over the tracts in Brazil, the world’s seventh largest “It’s mostly the oil and gas side. Finding “I wish I was the only one that saw that, but next several years. economy. In 2010, it won a $6.7 million urban qualified oil and gas engineers is pretty tough I think it’s well noticed by our competitors,” he “Brazil is one of the major emerging mar- planning contract in Sao Paulo. in this market, let alone in Brazil,” said Con- said. Unions Not Likely to Quit on Worker Retention

existing workers for 60 days after any switch switch contractors when complaints arose. the Capitol scoffed at the very idea of being held LEGISLATION: Labor may of contractors. “This has to do with the basic right of to a standard of decent treatment of workers,” revive state bill next year So, for example, a food service company employers to hire and fire workers based on busi- he said. “Unfortunately, the Senate chose to side that won a contract to serve a building would ness needs,” said Michele Dennis, chief executive with corporate power over working families.” on building service staff. be required to employ the same cafeteria work- of the Building Owners and Managers Associ- But building service contractors, the main ers from the dismissed company for 60 days. ation of Greater Los Angeles. “Our members targets of the bill, said the provisions mandat- By HOWARD FINE Staff Reporter The proposal was modeled on similar laws that are relieved that it failed this time, but we know ing they retain workers from previous con- have been enacted in Los Angeles to protect that we likely haven’t seen the last of this bill.” tracts for 60 days would deter them from That relief felt by building owners and ser- grocery and hotel workers. SEIU United Service Workers West, AB seeking new building contracts. That, in turn, vice contractors after the recent defeat of a state The bill fell four votes short of the majority sup- 350’s main sponsor, had backed similar legisla- would prevent them from hiring additional proposal that would have made it more difficult port it needed to clear the state Senate on Sept. 9. tion twice in prior years. In a statement after the workers. to fire workers? It may be only temporary. The Service worker unions argued the bill was bill’s defeat, union President Mike Garcia “This bill didn’t do anything to create jobs,” measure is expected to come back next year. needed to reduce low-bid competition among stopped short of saying the bill would return, said Steve Jones, chief executive of Santa Ana- The bill, AB 350, by Assemblyman Jose building contractors that was driving down noting only that the union will “continue our based Universal Protection Service, the Solorio, D-Santa Ana, was backed by service wages. But building owners and business fight for dignity and stability in the workplace.” largest building services contractor in Los worker unions and would have required build- groups said the bill was an unwarranted intru- Garcia placed the blame for the bill’s defeat Angeles County. “It was a bad business bill for ing service contractors – such as security sion into the workplace and would make it on opposition lobbyists. California and we’re extremely happy that the guards and landscape gardeners – to keep much more difficult for building owners to “The corporate lobbyists walking the halls of Senate decided not to pass it.” 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 SEPTEMBER 19, 2011 Underpowered Fleet Deals Slow Drive-Train Maker AUTOMOTIVE: pany, pushing its stock down to 64 cents a of this year, the company reported $5.5 million. Enova share from a high of $1.40 six months ago. Enova Systems Inc. (AMEX: ENA) In its latest quarterly filing with the SEC, Enova executives are quick to point out that Torrance FRI. CLOSE, PAST 5 WKS Enova reported its cumulative losses totaled spins wheels as customers 0.69 investors have also driven down the shares of CEO: Michael Staran 0.68 about $147 million. Chief Financial Officer John slow to convert to electric. other electric-truck makers in recent months. But Employees: 42 Sept. 14: $0.64 0.67 Micek said that about $87 million of those losses 0.66 they remain optimistic that the market is promis- Market Cap: $20.1 million were accumulated in the 1990s as the company By HOWARD FINE Staff Reporter ing for its electric drive trains, as major delivery 0.65 first invested in the market for electric passenger P/E: N/A 0.64 fleet operators such as Frito-Lay North Ameri- 0.63 cars then switched to the electric-truck market. For Enova Systems Inc., turning a profit ca Inc. and United Parcel Service of America EPS: -$0.23 8/12 8/19 8/26 9/2 9/9 The rest came after 2000. Staran said the rate always seems like it’s around the next curve. Inc. are beginning to place orders. Source: Yahoo Finance that the losses are widening has slowed because The Torrance-based maker of hybrid and In fact, Frito-Lay announced last week it was the company has reduced costs to the point that electric drive trains for trucks and buses sees adding two dozen hybrid-electric vehicles to its to fund an expansion of the company’s assem- operating margins have turned positive. itself as well-positioned with contracts with fleet of 48 hybrids now serving the L.A. area. bly operations for its electric drive train, not to However, for the company to break even, it electric-truck manufacturers. It’s just that the Anticipating more such orders, Enova earli- balance the company’s books. needs to sell more electric drive trains. contracts haven’t lived up to their potential as er this month filed a shelf offering registration “We do feel that we need to scale up within “Whether the orders will come in time is truck and bus fleet operators have been slow to with the Securities and Exchange Commission the next few months,” Staran said last week. the key question facing Enova right now,” said convert to electric vehicles. for up to $50 million worth of additional Enova could certainly use higher sale vol- John Boesel, chief executive of Calstart, a The result: Enova continues to rack up loss- shares over the next three years. umes. Staran said the company needs $25 million Pasadena-based organization that provides es each quarter, with no break-even point in Enova Chief Executive Michael Staran a year in revenue to break even. Yet last year’s research and development for the alternative- sight. And investors have soured on the com- insists that the shelf offering is to raise capital revenue was only $8.5 million. For the first half fuel transportation industry. The short-term outlook is uncertain. Fleet operators put any plans they had to convert to electric vehicles on hold once the recession began. Even now, they are only converting on a pilot program basis: UPS has more than 100,000 delivery vehicles worldwide, yet only 28 of them are electric. Last month, the company announced that it will purchase 100 electric vehicles for use in California from Stock- ton-based Electric Vehicles International. “A City National SBA loan helped my business grow.”

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That won’t benefit Enova, because it doesn’t have a contract with EVI. But the com- Michael Cachat pany does have contracts with two other major President & CEO, JensonUSA makers of electric vehicles: Smith Electric Vehicles, a long-established British company that recently entered the U.S. market – and Hear Michael’s complete story at cnb.com/thewayup. which has the contract with Frito-Lay – and Freightliner in Gaffey, S.C., the nation’s largest maker of truck chassis and a division of Daimler Trucks North America LLC. The forecasts of Smith, Freightliner and other Experience the Diﬀerence. electric-truck makers fell short in recent years. Staran said short-term volumes are more promis- ing in China, where Enova is a drive train suppli- Call (866) 792-8319 or visit cnb.com, er for truck maker FAW Group Corp. Over the to ﬁnd a business banker near you. last 18 months, FAW, or First Auto Works, has been Enova’s largest volume customer, ordering more than 400 drive train systems. But it’s not enough. For Enova to break even, either many more fleet operators have to start placing orders for electric trucks or giant fleet operators like UPS have to start ordering several hundred vehicles at a time. Shelf registrations have become increasingly popular in the last couple of years, especially with the stock market volatility. Investors may not be happy about the forthcoming share offerings, as the result may be a dilution in the value of their stock. But John Ahn, president of B. Riley & Co. LLP, a West L.A. investment banking firm,

©2011 City National Bank City National ©2011 said dilution should not be a major concern for existing shareholders because they will have the option to snap up even more stock. “If management lays out for the investors a path to break-even, then some of the investors City National Business Banking Member FDIC will have the opportunity to double-down on their investment,” Ahn said. 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

SEPTEMBER 19, 2011 NEWS & ANALYSIS LOS ANGELES BUSINESS JOURNAL 7 Software Firm Scores Big in Video Game Hacks INTERNET: Sony attacks later convicted of killing his wife, Laci. Wisconsin Rapids, Wis., security consulting dramatic, but it follows a long period of almost But now that Guidance, which operates out firm. As the number and severity of attacks has two years where they had a very difficult time fuel Guidance’s move into of a low-rise office building just north of Old increased, more businesses have begun looking making their numbers.” Pasadena, sells products and services to corpo- for ways to secure their digital data. In 2007, the company’s Chief Executive cybersecurity business. rations, the revenue prospects are better: Com- “The kinds of activities today are much more John Colbert resigned and was replaced by panies have more money to spend on forensic associated with organized crime instead of kids Victor Limongelli. Eight months later, Limon- By NATALIE JARVEY Staff Reporter software than law enforcement agencies. playing pranks,” Saydjari said. “Businesses are gelli and the board replaced Guidance’s chief Zeller said the 370-person company has now finding a need to get professional help on financial officer with Barry Plaga. When Sony Corp. discovered that its video seen increased demand for its business-focused arranging their defenses and their security strategy.” Schappel said that executive turnover and a game networks had been hacked, the Japanese software as hacking has become more preva- Nevertheless, Guidance has been slow to sales slump due to the recession caused the electronics giant turned to Guidance Software lent and corporate lawsuits have relied more grow and is not profitable. company to miss Wall Street guidance for sev- for help. heavily on digital data. The company reported second quarter revenue eral quarters. But the new executive team has The Pasadena company develops investiga- “It’s a very hot issue for legal and IT of $23.9 million, up 5 percent from $22.7 million helped Guidance through the recession and has tion software, and analysts said nabbing a big- departments,” he said. “The demand has really in the same quarter last year, and a net loss of gotten the company’s earnings back on track. name customer like Sony has helped raise the taken off.” $1.37 million, compared with $1.26 million. He attributes the company’s steady growth profile and improve the prospects of the some- One reason that the cybersecurity market Schappel, who has a “buy” rating on the to diversification into the e-discovery and times-sputtering business. has expanded is because of a number of high- company’s stock, said Guidance’s most recent cybersecurity markets. “Sony is a marquee customer,” said Mark profile hacking cases, including the Sony earnings show slow and steady growth. “They’ve broadened out their business,” he Schappel, an enterprise software analyst for attack, in the last year, said Sami Saydjari, “They’ve been slowly and surely incremen- said. “Now they have much more consistency New York investment bank Benchmark Co. chief executive of Cyber Defense Agency, a tally beating estimates,” he said. “It’s nothing in their sales pipeline.” LLC. “It’s put attention on the space.” Guidance primarily sells digital forensics software, called EnCase Forensic, to government agencies and police departments. The software helps them find data on personal computers, online servers and other devices for use in criminal investigations. In recent years, the company has expanded to providing businesses with software called EnCase eDiscov- Business printing made easy. ery that helps them find and save data that would be important during litigation. Guidance Software Inc. (NASDQ: GUID) Quality guaranteed. Pasadena FRI. CLOSE, PAST 5 WKS 7.0 CEO: Victor Limongelli 6.5

Employees: 371 6.0

Market Cap: $149 million 5.5 Sept. 13: $6.19 P/E: N/A 5.0 4.5 EPS: -$0.24 8/12 8/19 8/26 9/2 9/9 Source: Yahoo Finance

But it’s a third part of Guidance’s business, cybersecurity, that is likely benefiting from the recent Sony attack. In 2009, the company began selling to businesses EnCase CyberSe- curity software, which finds and analyzes mal- ware and other evidence of hacking on company servers and networks. Guidance declined to comment on its ongo- ing work with Sony, but Schappel said it’s likely that the company is using its cybersecurity Presentations Business cards Signs & Banners software and consultants to help find who the hackers were and what information they took. Attackers in April first broke into the Tokyo conglomerate’s PlayStation Network, on online destination for PlayStation 3 owners At Staples® Copy & Print, we understand that a quality look can where they can purchase gaming, TV and film content, and play against each other. When the attack was discovered, the company said per- be the difference between missing a sale and making one. With sonal and credit card information of 77 million accounts could have been accessed. our complete selection of print products and team of Staples Then a second attack at Sony Online Entertainment, the company’s San Diego Certiﬁed Print Pros, we’ll help you make the right impression, division that operates several multiplayer online games, breached security for 24.6 million accounts. every time. Sony announced in May that it had hired Valid in store, online and by phone. cybersecurity detectives from Guidance, consul- E xpires 11/12/11. tants from Menlo Park firm Protiviti and an inves- tigative team from Rancho Cucamonga computer forensics consultancy Data Forte to improve the security of its network and investigate the attacks. Sony Online Entertainment did not return a Try us today and save 30%. % request for comment. 30 OFF Patrick Zeller, vice president of Guidance’s Visit your local Staples® store e-discovery business, said that while the Sony Copy & Print when you spend case was high profile, it’s hardly unique. $30 or more in Copy & Print. “We do a lot of that kind of work,” Zeller or visit staples.com/30off said. “The Sony case isn’t the only one that In-store coupon code: 77927 we’re involved in.” To shop online visit staples.com/30off

Hacking concerns Valid in Staples® U.S. stores, online at staples.com/30off or by phone at 1-800-333-3330. Discount applies to Copy & Print only. Excludes self-service printing, computer workstation and When Guidance was founded in 1997, it Staples Promotional Products®. Minimum purchase requirement of $30 must be met with purchases focused exclusively on developing forensics to which no other coupon or instant savings offer applies. May not be combined with other offers. For online orders, delivery fee may apply. Tax is not included in calculating the minimum purchase. Each software that would help police departments item purchased can only be discounted by one coupon, applied by cashier in the order received and prior to tax. Coupon not valid if purchased or sold and must be surrendered. Limit one per customer, gather important computer information to nontransferable. No copies/facsimiles of coupons accepted. No cash/credit back. Not valid on prior solve crimes. For example, the company’s purchases or purchases made with Staples® Procurement or Convenience Cards. software was used in 2004 to find evidence against Scott Peterson of Modesto, who was 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 SEPTEMBER 19, 2011 Can Maker Opens Up More Space in South Bay ifornia, but especially in the South Bay, where tainly be turned into warehousing. rance plant, which produced 12- and 16-ounce MANUFACTURING: Ball’s real estate brokers say there’s a lack of modern, “The powers that be chased all the manufac- cans, had 120 employees in January and about former facility likely to join high-quality warehousing and distribution space turing out of here a long time ago,” said Erik 100 as of Sept. 1, the last day of production. for imported Asian products passing through the Knirk, vice president of real estate development at About a dozen employees will remain growing warehouse ranks. ports of Los Angeles and Long Beach. brokerage firm Fremont Associates in Torrance. through November, helping ship remaining Xebec Realty Partners, a Seal Beach com- “It’s all warehousing and distribution now.” product and decommissioning the facility, By JAMES RUFUS KOREN Staff Reporter mercial developer that’s buying the Ball site, The county had 389,000 manufacturing McCarty said. won’t talk plan specifics, but acknowledged jobs in 2009, down 38 percent from 10 years Like the beer and soda cans it used to pro- many former factory sites have become ware- earlier, according to the Los Angeles County Preliminary discussions duce, the Ball Corp. plant in Torrance is now house and distribution centers. Economic Development Corp. Ball started making cans at the plant 1998, an empty shell. “There’s a lot of manufacturing leaving the Ball announced in January that it planned to when the company acquired the facility along The Broomfield, Colo., company is decom- state for a lot of reasons, and they are getting back- shutter the Torrance plan. Company with the rest of the metal beverage container missioning the plant after shutting down opera- filled with warehousing and distribution,” said Neil spokesman Scott McCarty said Ball has lost unit of the now-defunct Reynolds Metals Co. tions this month, moving one production line Mishurda, executive vice president of Xebec, who business on the West Coast while retaining The plant opened in 1965. to Canada and expanding a plant in Texas, added that the market for Class A warehousing contracts with bottlers and brewers in the East. The prospective owner of the site, Xebec, which will produce the other line. and distribution space is extremely tight. Shipping empty aluminum cans more than a yet to close the acquisition, has a portfolio that What will replace the factory, which Other brokers say the market, coupled with few hundred miles isn’t cost-effective, so the includes a warehouse and distribution center in employed 120 workers? Likely a warehouse. regulations that have made it more difficult for company is expanding a plant in Fort Worth, Long Beach and another outside of Dallas, as That’s been the replacement of choice for for- manufacturers to operate in Los Angeles Texas, and moving one of the Torrance produc- well as industrial parks in El Monte and Fort mer manufacturing facilities across Southern Cal- County, means the Ball plant will almost cer- tion lines to a plant in Whitby, Ontario. The Tor- Worth. It also owns apartment complexes in Colorado and Texas. The Long Beach site, called 100 Victoria, is a 187,000-square-foot transloading and ware- LOOK housing facility located just off the Long Beach (710) Freeway. The site is advertised as ideal for trucking companies because of its proximity to the ports.

182ND

405

LOS ANGELES 190TH

Map Area with us 5 miles

208TH Former Ball MADRID Corp. plant

DOMINGUEZ

PRAIRIE AVE. PRAIRIE

E AVE. E MAPL TORRANCE BLVD

Torrance CARSON 1/4 mile

PLAZA DEL AMO BLVD. CRENSHAW

Mishurda said Xebec plans to demolish part of the Ball facility, which comprises three connected buildings and a fourth separate one. The company will keep but redevelop the newest space, a 116,000-square-foot building, then put up a building next to it. Xebec has had preliminary discussions with Torrance city planners but has not submitted a formal plan. Mishurda said the site will be used for “general industrial use, which obvi- Managing your: Cash Flow Payments Business Growth Future ously is a wide gamut of uses.” Mishurda said Torrance is different from the Ratesaslowas rest of the South Bay, with more high-tech and corporate users. “There are a lot of companies that have a manufacturing component. We’re % trying to attract those types of uses,” he said. 2.99 However, brokers say warehousing is the APR* Go from where you are to where you most likely use for the site. Up to 36 months for New/Used Equipment & Vehicles want to be with a U.S. Bank Quick Loan. “It’s very rare that we’ll have a classic manufacturer, someone who makes things, With a U.S. Bank Quick Loan, you can get the financing you need to take your business to the next level. With simplified paperwork and quick come into our market. That’s just the nature decisions, you’ll be able to take advantage of: • Loan amounts up to $100,000 • Flexible Collateral Options • SBA financing options of our marketplace,” said Jim Biondi, a There has never been a better time to look up and look ahead with us. senior vice president with Grubb & Ellis Co. who specializes in the South Bay real estate market. On the other hand, there’s a shortage of Matt Ashworth modern warehousing and distribution space Small Business Regional Manager with larger yards, bigger loading docks and 626-914-7384 higher ceilings. “I think good-quality Class A space, func- tional space, is in pretty good demand. We’ve usbank.com been transformed from a manufacturing region *Applications subject to credit approval. The 2.99% rate applies to new or used vehicle & equipment loans up to 80% LTV and terms up to 36 months for credit qualified applicants. Disclosed rate reflects 0.25% to a more distribution and warehousing discount based on automatic monthly payments from a U.S. Bank Business Checking account. Standard fees apply. Rates are subject to change. Some restrictions may apply. Member FDIC region,” Biondi said. 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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10 LOS ANGELES BUSINESS JOURNAL NEWS & ANALYSIS SEPTEMBER 19, 2011

MEDIAWATCH

MOVIE BOX OFFICE Weekend Gross Total Gross Rank Title (millions) (millions) Distributor 1 Contagion $22.4 $22.4 Warner Bros. 2 The Help 8.9 137.3 Disney 3 Warrior 5.2 5.2 Lions Gate 4 The Debt 4.8 21.9 Focus 5 Colombiana 3.9 29.7 TriStar 6 Rise of Planet of Apes 3.9 167.8 20th Century Fox 7 Shark Night 3.4 14.7 Relativity 8 Apollo 18 2.9 14.9 Dimension 9 Our Idiot Brother 2.7 21.3 Weinstein Co. 10 Spy Kids 4 2.5 34.2 Dimension Weekend ended Sept. 11 Source: Bloomberg News PRIMETIME TV SHOWS Rank Program Network Rating* 1 NFL (New Orleans vs. Green Bay) NBC 16.0 Taking Off: Row 44 CEO John Guidon at his office in 2009. 2 NFL (Dallas vs. New York Jets) NBC 15.3 3 NFL Pregame (Thurs.) NBC 13.6 4 NFL Pregame (Sun.) NBC 12.1 5 NFL Postgame (Sun.) NBC 9.0 Airborne Internet Provider Week ended Sept. 11 *Each rating point equals 1.1 million homes. Source: Nielsen CABLE TV SHOWS Boards New Content Deals Rank Program Network Rating* 1 The Closer TNT 4.7 most undesirable seat. 2 College Football (Michigan vs. Notre Dame) TNT 4.5 AVIATION: Row 44 looks A Row 44 executive told a trade publica- 3 (tie) Jersey Shore USA 4.4 tion that free Internet wouldn’t threaten its 3 (tie) Rizzoli & Isles TNT 4.4 to lift revenue by expanding business model, since the company is paid 5 Pawn Stars History 3.6 into in-flight entertainment. based on the number of passengers flying on Week ended Sept. 11 *Each rating point equals 1.1 million homes. Southwest, rather than how many pay for the Source: Nielsen By JONATHAN POLAKOFF Staff Reporter Internet service. TOP SELLING ALBUMS Row 44 also charges airlines for installation Row 44 really took off in 2009 when the on a per-plane basis and in deals with other air- Rank Last Week Artist Title Label company signed to supply Internet service to lines it can get a share of fees paid for Internet 1 New Lil Wayne Tha Carter IV Cash Money passengers on Southwest Airlines’ planes. services. 2 New Red Hot Chili Peppers I'm With You Warner Bros. Now, the Westlake Village company wants It’s unclear how many passengers may go 3 3 Adele 21 XL Recordings/Columbia to increase the altitude of its revenue by selling for the pay-per-view option. The number of 4 2 Jay Z Watch the Throne Roc-A-Fella in-flight entertainment to fliers. passengers who pay for in-flight Internet is 5 New David Guetta Nothing But the Beat Capitol Last week, Row 44 signed contracts with believed to be below 10 percent, although Week ended Sept. 16 Source: Billboard.com Disney, Warner Bros., 20th Century Fox, Southwest doesn’t disclose that figure. MOVIE RENTALS - DVD/VHS Universal and cable networks to distribute TV Since the pay-per-view numbers may be shows, films and sporting events that can be similarly low, Tim Farrar, president of Menlo Rank Last Week Title Distributor streamed to passengers’ tablets, laptops or Park telecommunications and satellite consul- 1 New Madea's Big Happy Family Lions Gate smart phones. tancy TMF Associates, said Southwest and 2 1 Priest Screen Gems Howard Lefkowitz, the company’s chief Row 44 shouldn’t expect the new entertain- 3 3 Something Borrowed Warner Bros. operating officer, said the deals are significant ment service to bring in big bucks. 4 2 Rio 20th Century Fox because they show Row 44 has entered the “Is it going to generate vast amounts of rev- 5 4 Paul Universal media marketplace. enue? I would say no,” Farrar said. Week ended Sept. 4 Source: Rentrak “We’re taking what had been a technology He said passengers who are hesitant to pay DVD SALES organization and making it a market-driven for in-flight Internet won’t be any more likely company,” Lefkowitz said. to pay for streaming video. Rank Last Week Title Distributor Suggested Retail The shows and movies will be shown on If Southwest were to offer in-flight Internet 1 New Madea's Big Happy Family Lions Gate $29.95 Southwest later this year. TV shows and live for free, that would give passengers access to 2 New Sons of Anarchy: Season 3 20th Century Fox 59.98 baseball games will cost passengers $5; ground-based video on-demand options such as 3 New Laugh to Keep From Crying Lions Gate 19.98 movies will be $4 to $7. Hulu and Netflix. Those would compete with 4 1 Rio 20th Century Fox 29.99 The content will be kept on a server on the the pay-per-view deals offered by the airline. 5 New Vampire Diaries: Season 2 Warner Bros. 59.98 plane, which passengers will be able to access But Row 44 and its competitors are increas- Week ended Sept. 4 Source: Rentrak on Wi-Fi enabled devices. It will be an alterna- ing their streaming entertainment offerings MOVIELINK DOWNLOADS tive to paying $5 for an Internet connection. despite the challenges. A source familiar with the deals said the Last week, industry leader GoGo Inflight Rank Title Distributor Suggested Retail studios will take half of passengers’ pay-per- Internet in Itasca, Ill., announced its video-on- 1 X-Men: First Class 20th Century Fox $15.95 view fees, while Row 44 and Southwest will demand service will be installed in all GoGo- 2 Hanna Focus 15.95 split the remainder. enabled American Airlines planes by the end 3 Everything Must Go Lions Gate 15.95 Row 44’s core business has been selling of next year. GoGo, which has deals with 4 Something Borrowed Warner Bros. 15.95 Internet connection hardware to airlines. The Warner Bros. and NBC Universal, charges 5 Rio 20th Century Fox 15.95 standard kit includes a 150 pound satellite about $1 for a streaming TV show and about Week ended Sept. 14 Source: Cinemanow.com antenna mounted on top of the aircraft and a $4 for a movie. series of routers that convert the planes into GoGo provides in-flight Internet to Delta, flying Internet hot spots. Virgin America, AirTran, United, Air Cana- OUTTAKE OF THE WEEK Experts estimate the cost of installation to da, Continental, Alaska and US Air. In addi- be more than $200,000 per plane, which is tion to Southwest, Row 44 has deals with HUDDLE MASSES paid by the airlines. Norwegian Air Shuttle and South African Pro football blew out all Since last year, Southwest has installed carrier Mango. nonathletic competition about 100 of the Row 44 systems on its planes, While Row 44 leaves installation fees to the with the regular season’s and plans to outfit its entire fleet of more than airlines, GoGo pays for its $100,000 hardware return to the airwaves. The 500 planes by the end of 2013. installations. small-screen dominance Row 44, which has about 40 employees GoGo also controls pricing and branding was led by the New Orleans who report to Chief Executive John Guidon, for the service, and shares revenue with air- Saints’ defeat by the Green hands over control of pricing and branding of lines based on subscriptions. GoGo is consid- Bay Packers, with QB Aaron its Internet service to airlines. Southwest has ered the cheaper service. Rodgers, at left, in a night indicated interest in dropping the $5 charge Southwest began testing Row 44’s systems game. and making in-flight Internet free. in early 2009. After gaining approval for its The company’s name comes from Guidon’s technology from the Federal Communications experience in row 44 of a transatlantic flight on Commission later that year, the company a plane. He has stated that the company’s goal signed with the airline, which began its roll out is to make flying enjoyable even in a plane’s of the systems last year. 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

SEPTEMBER 19, 2011 LOS ANGELES BUSINESS JOURNAL 11

SM 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 SEPTEMBER 19, 2011 Medical Center Teams Up to Field Additional Care The Chatsworth diagnostic test- SPORTS: Disc partners ing company acquired AlliedPath HEALTH with Red Bull to treat drink Inc., an early stage San Diego CARE & company focused on cancer and BIOTECH maker’s sponsored athletes. molecular diagnostics, for about $4.7 million in August 2010 and DEBORAH ETTING both professional athletes and renamed it Arista Molecular. weekend warriors back on their feet Iris will now discontinue nonpro- CROWE G after an injury has been a significant prietary Arista testing services where portion of Disc Sports & Spine Center’s busi- it can’t charge a premium, and Hospital Seeks Friends ness since its 2006 opening in Marina del Rey. merge Arista into the Iris Molecular Glendale Adventist Medical Center is The medical practice and surgery center of Diagnostics unit by the end of the harnessing the power of employees’ social net- 29 doctors, which specializes in minimally month. Research and development works to find potential applicants for hard-to- invasive spine surgery and advanced arthro- operations will also be restructured. fill openings. scopic procedures, was the first official med- Iris expects to take a third quarter The hospital contracted with Career- ical and spine center for the U.S. Olympic write-off of about $6 million, as Builder.com, an online recruitment service Team, and has similar relationships with teams well as record restructuring costs of that recently launched a Work@Employee such as the Los Angeles Kings. up to $1.8 million. An estimated 37 Referral App. The application can tap into a Now, the center has signed its first corpo- people, about 10 percent of the work person’s Facebook network and send queries rate partnership, agreeing to provide priority force, are expected to be laid off. to people whose profiles potentially have the care for roughly 150 U.S. athletes who have Chief Executive Cesar M. Gar- right qualifications. sponsorship deals with Santa Monica energy CEO: Dr. Robert Bray at Disc in Marina del Rey. cia said that while he’s disappoint- Incentives to participate in the program drink giant Red Bull North America Inc. ed Arista did not develop as antici- include the hospital’s existing referral bonus, Athletes will use their health insurance to program titled High Performance, which offers pated, there is still potential in its technology. which has been doubled for certain positions pay for the medical care, but the Red Bull part- coaching and counseling services. “The simplification of our business model until the end of the year to help launch the nership will enable them to obtain easy access High Performance Director Andy Walshe should allow us to concentrate our resources Facebook program. If an applicant first identi- and a quick turnaround to get them back in said he became aware of Disc though its on our new product pipeline,” he said in a fied by the app is hired, the referring employee training or competition quickly. Olympics connection, since around 20 of Red statement. could earn $3,000 to $6,000. “The athletes will get access to top-level Bull’s athletes are current or former Steven Crowley, an analyst for Craig-Hal- Registered nurses, physical therapists, care that helps Red Bull to have better reten- Olympians. lum Capital Group LP in Minneapolis, said the occupational therapists, respiratory therapists tion of their athletes,” said Disc Chief Execu- Several sponsored athletes already have consolidation removes a “big, heavy anchor” and speech language pathologists are among tive Dr. Robert Bray, who founded the center taken advantage of Disc medical care after from Iris’ financial performance. the biggest needs at the hospital, which is and plans to open a second clinic in Newport potentially career-ending injuries, including “Its core businesses, automated urinalysis opening a patient tower in December. Beach by the end of year. “We’ll get massive big-wave surfer Ian Walsh and BMX racing and test sample processing, have been doing “We have new generations coming into the marketing exposure that we just couldn’t champ Mike Day. rather well but that’s been masked by their work force and we need to be where they are afford to purchase.” substantial investment in the pathology lab,” in order to appeal to them,” said Sally Munoz, The U.S. subsidiary of Fuschl am See, Aus- Iris Cuts Losses said Crowley, who upgraded the stock to the hospital senior human resources recruiter tria’s Red Bull GmbH sponsors both conven- Iris International Inc.’s decision to down- “buy” with a 12-month price target of $12. who helped set up the program. tional and extreme sports athletes and events size a money-losing molecular medicine test- The stock, which has risen 7 percent since that include motorsports, surfing and mountain ing operation is getting cheers, with at least the restructuring was announced Sept. 7, Staff reporter Deborah Crowe can be reached biking. The company is providing the medical one analyst recommending investors resume closed at $8.62 on Sept. 15. Shares are down [email protected] or at (323) services to its sponsored athletes through a buying the stock. 20 percent from the beginning of the year. 549-5225, ext. 232. 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

SEPTEMBER 19, 2011 LOS ANGELES BUSINESS JOURNAL 13 HOW CAN I DEVELOP A STRATEGY WHEN I CAN’T SEE INTO THE FUTURE? THE SOLUTION IS SHRM.

Strategic planning is one of the most important jobs for HR professionals. But how can anyone develop a sound strategy when it’s impossible to know what’s coming around the corner. With an overwhelming amount of work and no margin for error, I need a trusted partner who can prepare me for the challenges of the future. If I’m going to re-evaluate our strategy every six months then I’m going to need unlimited access to accurate, reliable and relevant information. And my membership delivers exactly that. Having SHRM by my side providing news, trend reports, articles I need to be a more effective HR strategist. To see how SHRM can strengthen your HR strategy, visit SHRMSOLUTIONS.ORG/STRATEGY

Shelly Irvine Newport Beach, Calif. Member Since 2009 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

14 LOS ANGELES BUSINESS JOURNAL NEWS & ANALYSIS SEPTEMBER 19, 2011

Last week’s major news from labusinessjournal.com NEWS OF THE WEEK and other sources INTERNET SUIT: The par- Capital Management. The Entertainment Group the opposed the bill but later format, high-voltage batteries, Angeles reported that imports ent company of entertainment L.A. investment firm said that it right to expedite legal chal- dropped their opposition. will enhance Coda’s stationary dipped in August. It’s the third reporter Nikki Finke’s Dead- has tried for months to work out lenges to a proposed football energy storage products and month in a row the L.A. port line.com has sued the parent a friendly deal. Oakwood has a stadium in downtown Los LOCAL PREFERENCE: upcoming line of electric vehi- has reported a decline, and the company of the Hollywood 4.9 percent stake in Jakks and Angeles has been approved Local businesses competing cles. The acquisition, terms of second month for Long Reporter, alleging that the the $20-per-share offer was a 25 by the California Legislature for Los Angeles County con- which were not disclosed, also Beach. Imports, the biggest Reporter copied Deadline’s percent premium to the compa- tracts will get an edge after the will enable it to provide more chunk of business for the L.A. website code. Penske Media ny’s closing price Sept. 13. Brown Board of Supervisors voted to competitive pricing and cus- and Long Beach ports, fell 5.8 Corp. is seeking $5 million in Jakks makes action figures and raise the local bid preference tom applications for electric- percent and 14 percent, damages from Prometheus other toys based on properties to 8 percent. Small businesses vehicle propulsion systems respectively. Exports, howev- Global Media. While the suit licensed from Disney, Hello based in the county before this sold to other companies. er, are up 25 percent at the also included examples of Kitty, Cabbage Patch Kids and were eligible for just a 5 per- L.A. port, though down 4 per- news stories that Penske claims others. The toymaker said in a cent bid-price reduction when ADDING EXPERTISE: cent at Long Beach. first appeared on Deadline and letter sent to Oaktree that the they bid on county contracts. Tetra Tech Inc. has signed a then appeared on Holly- board would consider the bid. If a local company could sub- definitive agreement to acquire EARNINGS: Farmer Bros. woodReporter.com, it did not Oaktree said it would be willing mit a bid for county work that State Department consulting Co. reported a fiscal fourth make any plagiarism claims. to increase the offer price if was 4 percent higher than an firm Pro-telligent LLC. The quarter net loss of $22.3 mil- Jakks can show there is addi- and was awaiting a decision out-of-county bidder, for Pasadena engineering and lion, 6 percent larger than a BUYOUT BID: Malibu toy- tional value in the company. by Gov. Jerry Brown on example, the local bid would technical support firm said that year earlier. Revenue rose 12 maker Jakks Pacific Inc. has whether to sign it. The bill be considered superior. Pro-telligent of Arlington, Va., percent to $119 million. … received a $670 million DECISION TIME: Legisla- allows AEG to fast-track any provides a wide range of secu- Virco Manufacturing Corp. takeover bid from Oaktree tion granting Anschutz legal challenges raised by sta- STRATEGIC rity- and intelligence-oriented reported second quarter net dium opponents under the ACQUISITION: Coda technical support services, income of $2.7 million, 32 labusinessjournal.com California Environmental Holdings, an L.A. developer mostly for State Department percent lower than a year ear- The best source for up to the minute local, national and Quality Act, but requires the of electric vehicles and large outposts around the world. It lier. Net sales fell 13 percent worldwide business news. developer to take additional batteries, has acquired Ener- employs more than 600 people to $62.8 million. … gyCS CrowdGather Inc. FREE MORNING UPDATE steps to reduce environmental , a Monrovia developer and has annual revenue of reported a and traffic impacts of the sta- of battery management sys- about $100 million. fiscal first quarter net loss of Prepared by the editors of the Los Angeles Business Journal dium on the surrounding tems. EnergyCS, which $871,235, up 41 percent from and sent to you by e-mail every business day. Sign up now at neighborhood. Two major designs and builds monitoring PORT ACTIVITY: The a year earlier. Revenue rose 1 www.labusinessjournal.com environmental groups initially and control systems for large- ports of Long Beach and Los percent to $334,036.

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ARCHITECTURE HEALTHCARE Shlemmer Algaze Associates (SAA) has appointed Jon Zimmerman as INTERIOR DESIGN / ARCHITECTURE St. Vincent Medical Center has Principal to lead its new Specialized Abramson Teiger Architects welcomes earned recognition as No. 5 among Projects Group. As a nationally Dan Burns as Director of Interior Best Hospitals in Los Angeles for accredited Architect, Jon brings 27 Design. Dan graduated from 2011-2012, according to U.S. News years’ experience to the role and will Philadelphia College of Textile and & World Report. There are 10 ser- lead the SAA team, whose focus is Sciences with a Bachelor in Interior vice lines that pushed SVMC up complex technology and process-driven Design and a Bachelor of Architecture among the university hospitals in architectural projects for manufacturing, degree from Pratt Institute, NY. L.A. SVMC earned national ranking Zimmerman assembly and laboratories. He served as a Brand Consultant for Ear, Nose & Throat and has high-performing Ortho- to several global retail companies paedics, Neurology & Neurosurgery, Nephrology, Can- Burns throughout the past nine years and cer, Diabetes & Endocrinology, Pulmonology, Urology, has collaborated with some of the best architects in Gynecology, and Geriatrics. REAL ESTATE Manhattan to create extra-ordinary residential projects. Visit ATA’s website at www.abramsonteiger.com. Constellation Place, LLC, an affiliate of JMB Realty Corpora- tion, has named Announce your hirings, Sarah Shaw as HEALTHCARE Vice President Zynx Health, the of Development market leader promotions and other and Operations in providing located in Cen- Shaw Talentino evidence-based accomplishments. tury City. Ms. Shaw has been with JMB for three years and experience- overseeing the management and leasing of Constella- based clinical tion Place as well as playing a key role in the proposed decision support office development project, Century City Center. (CDS) solutions, In a related announcement, Constellation Place, LLC announced the Contact Rosz Murray at has named Jodi Talentino as General Manager of Con- appointment of O’Connor Cerino stellation Place located in Century City. Talentino, who two executive team members: Bill O’Connor, MD, has 323.549.5225 opened Constellation Place in 2003, is responsible for been selected as senior vice president of global product the management and operations of the 775,000 square management and marketing. David Cerino joins the team [email protected] foot office building. as executive vice president and chief operating officer. 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

SEPTEMBER 19, 2011 PEOPLE LOS ANGELES BUSINESS JOURNAL 15

RINGO H.W. CHIU/LABJ Patient Man: Dr. David T. Feinberg, chief executive of UCLA Health System, at the UCLA Medical Center on the university’s campus in Westwood.

Dr. David T. Feinberg boosted bedside manners at UCLA Health System by encouraging staff Rewritten Rx to refocus on healing and compassion.

By DEBORAH CROWE Staff Reporter Question: Were you surprised when What was your first big crisis? you were asked to run the entire medical Dr. David T. Feinberg I’d been on the job about a week. A contractor CLA Medical Center long had a center? installing a coffee machine upstairs made a reputation for being an institution Answer: It really was a matter of luck and TITLE: Chief executive mistake that caused a leak that turned into a where bedside manners took sec- timing. The head of the medical center left to COMPANY: UCLA Health System flood, resulting in hundreds of thousands of ond place to world-class medical take another job and we were about to move dollars of damage. So I come in on a Sunday to U BORN: Hillsborough; 1962. care – and where celebrity medical records into the new hospital in a year. The dean asked check on the progress, and all I see are a cou- had a hard time staying private. At least that me to take over on an interim basis, because EDUCATION: B.S., UC Berkeley; M.D., ple of guys playing gin at a nurse’s station. No was until Dr. David T. Feinberg, a clinical they didn’t want to do a national search in the University of Health Sciences/Chicago work was going on. So I’m fuming. Then I get professor of psychiatry, was named hospital middle of a move. Medical School; residency and fellowship a cell call that there’s going to be a story chief executive on an interim basis in 2007. training in psychiatry and child psychiatry at tomorrow in the L.A. Times about how we had Feinberg took over during a difficult period, Did you have any training for it? UCLA School of Medicine; MBA, Pepperdine leaked medical records of Britney Spears, Far- less than a year before the opening of the hos- I’m kind of a nerd. I like learning. Homework University. rah Fawcett and Maria Shriver. And they want pital’s $1 billion building, which suffered from can be a hobby for me. So in 2000, I went to a statement from me. cost overruns and construction delays. Still, Pepperdine University for their executive MBA CAREER TURNING POINT: Decided during Feinberg found time to talk to patients and program. In the meantime, I was moving up the child psychiatry internship to switch How did you handle it? employees about their experiences, prompting ladder at UCLA within my field. Until about specialty from pediatrics to psychiatry. I knew Maria, so I called to warn her. And she him to encourage his staff to create a more four years ago, I was running the psychiatric PERSONAL: Married to Dr. Andrea Feinberg; was great. She actually gave me some great healing atmosphere for patients. Feinberg was hospital at the medical center. I was a half-time two children. crisis management advice. So the next day, I’m such a success that Joseph Mitchell, the author psychiatrist and a half-time administrator. out there saying that I took full responsibility – ACTIVITIES: Rigorous exercise routine that of “The Starbucks Experience,” a best-selling even though the cases in the article all hap- includes weight-training and running; tribute to top-notch customer service, decided Still, were you nervous when the dean pened before my time. And I declared we were reading; travel. to write about the hospital for his next book: called? going to take steps to make sure that this “Prescription for Excellence,” which studied Absolutely. I called my dad and said, “Send would be the most private hospital in America. how the UCLA Medical Center became a me a bunch of ties,” and told my mom to buy leader in patient satisfaction. Feinberg also me some suits. Because I never wore that kind hospital director here.” But I didn’t know that How did you measure your success? was made permanent chief executive of the of stuff at the psych hospital. I had maybe one at the time. I just figured this was a normal part Michael Jackson. He was the ultimate test and hospital and the entire UCLA Health System, good suit and four ties, seriously. I had no idea of the job. I mean, like every day there was we nailed it. When he died two years ago, which treats some 1.5 million patients a year what I was doing, so I started out asking lots some nightmare. We had the move coming, we there were no photos released of Michael Jack- at multiple sites, including a second hospital in and lots of questions. Plus, I knew the hospital had the flood, we had celebrity privacy breach- son at the hospital, no unauthorized informa- Santa Monica. The Business Journal sat down had its issues. es, we had regulators coming in, we were in a tion released. And it was a madhouse that day recently with Feinberg to discuss how he cre- bad financial situation with (construction) – we’re a hospital, we can’t lock down the ated change in such a large bureaucracy while Such as? overruns. The three executives before me had building like a prison. But we earlier put in managing to find time for his family and a Our HR director later on told me, “Your first missed their own deadlines for opening the workout that can stretch two hours. year was the worst year I’ve ever seen for a new building. 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 SEPTEMBER 19, 2011

Continued from page 15

more robust systems, trained people to be more careful. These days, when there’s an issue, it’s more an honest clerical error.

Did you always want to go into medicine? Actually when I was about 8 or 9 I decided I wanted to be a pediatrician. I think it was I really liked my pediatrician. He was from central casting. He was an authoritative guy with a soft way about him and had answers to these important questions. Plus, I liked science and I loved people, so medicine seemed like a good fit.

Did you go straight to med school? Actually I managed to graduate early. In 1985, a friend and I decided to take time off and see Europe. We both had about $3,000 saved up and back then you could still do Europe for $30 a day. It was great. We worked as waiters and at one point I thought I might want to go to culinary school, too. But during one of my calls home, my mother told me I had been accepted to Chicago Medical School. So I had a choice. I decided I better go to med school, because I might not get in later.

What attracted you to psychiatry? I wanted to be a well-rounded pediatrician, so I took a bunch of electives: pediatric radiology, pediatric oncology and child psychiatry. I did a subinternship for about a month at Brown Uni- versity and loved it beyond belief. In psychiatry, the more I learned, the more I realized the less I knew. It was like this great challenge. And it led to my wife and I ending up here at UCLA.

How was that? You had to become an adult psychiatrist first and then become a fellow in child psychiatry. One of the best places was UCLA. Plus my wife was a year behind me in med school, and we had to pick a city where there’d be more opportunities for both of us. But I couldn’t see myself settling in Los Angeles. I mean, when you grow up in San Francisco, you hate L.A. So we decided we’d come here, get our training and leave.

RINGO H.W. CHIU/LABJ You wouldn’t be the first to say that. The Doctor Is In: Clockwise from top left, Feinberg in 1995 with his daughter Rachel, 2-1/2 years old, and newborn Yeah, right. I got to UCLA and of course son Ryan; with wife Andrea in the early 1990s; in his Boy Scout uniform at age 9 at his parent's home in Hillsborough; loved it. Now I go home to San Francisco to with his emergency room staff at Ronald Reagan UCLA Medical Center. visit my brothers, and it’s “My God, it’s cold here. How could anyone want to live here?” We’d become Southern Californians. about healing and compassion when they start- steps, too. And I don’t think we’re anywhere are we celebrating tonight?” But she’s a pretty ed med school. Our system just beat it out of near where we need to be. So I’m proud that busy person, too. Even your office has a Southern Califor- them. we’re the best of the worst, but we have a nia vibe, opening right out into the hospi- long way to go. What does she do? tal’s main hall. Was it originally designed How do you show that compassion? Give Andrea, as my children say, is the real doctor in the that way? me a concrete example. Sounds like more than a full-time job. family. She’s triple board certified in internal med- This was actually supposed to be a conference We now have a policy that a patient doesn’t How many hours are you here in a typical icine, pulmonary and critical care. She originally room. The previous guy had planned for a have to ask twice for a replacement pair of week? did work here at UCLA in the lung transplant pro- more traditional corner office. But I wanted dentures if his pair goes missing – even if he If I don’t start working on e-mails from gram, then went to Cedars-Sinai for a number of my office to open right out into the hospital. might have been the one to lose them. And at home, I’m usually here or at the Santa Moni- years. Now she’s on her own with a concierge every unit there is a selection of every type of ca hospital by around 7 or 7:30 a.m. If I’m practice where she gets to make house calls. Why was that? cell phone charger you might need. not walking the halls and talking with I had all these secretaries and heads of staff patients or staff, it’s not unusual that I would How do you maintain a work-life bal- and other people whose job was to protect me Is that the kind of stuff that led to “Pre- go back and forth between the two hospitals ance? and never let anyone in to see me. They scription for Excellence”? a couple times a day. Then about five or six I have my workouts, they’re built into my thought they had failed when someone did. Over time, our patient satisfaction stats started nights a week I’m out at events, which could schedule. They keep me calm. I take time with And I was thinking they were crazy, of course going way up and people were taking notice. be fundraising, meeting with donors, meeting my wife when we’re both not working. And, let these poor people in. Then my son encouraged me to read Joseph with doctors – which would mean I’m out of course, we take a lot of vacations as a fami- Mitchell’s book “The Starbucks Experience.” I until 10 p.m. Then I’ll often come in on the ly: Alaska, Costa Rica, Paris. In fact, we just What did you learn from all that talking? did. I liked the Starbucks emphasis on the cus- weekends to see patients. got back from Whistler, (British Columbia). I don’t know what the medical system’s mis- tomer. Eventually I met Joseph at a manage- My parents took whole extended family there sion statement was four years ago, but it was ment retreat and we kept in touch. Do you spend much time at home? so it was a reunion. probably something like, “Aren’t you lucky The best thing about our new house in Beverly you get to see us. We’re the best. Wait in line.” Whose idea was the book? Hills is the home gym. One of my only vices is How about time with your kids? That’s how we came across. We were the best Mine, I guess. Joseph calls me about a year that I love to exercise and I work out two hours My daughter, Rachel, is a sophomore in college, technically. But the rest of our care was way after we met and he’s trying to figure out his a day. About an hour of cardio a day, then and my son, Ryan, is a junior in high school. off. Now, our purpose is to heal humankind, next book. So it pops into my head to tell him maybe lift and then stretch. I run the stairs at Despite the hours I have now, when my kids one patient at a time. We have to heal people that he should write about us. So he checked us the stadium, but I really, really love my gym. were younger and I was still running the psych and we have to be kind about it. out, and eventually his team came down here I’m a vegetarian. I keep perfect eating habits hospital, I made of point of being an incredibly for a year. They had full editorial rights. I said until about 10 p.m., then I start looking for involved parent. When my son was younger, I’d What was the key to making the change? go for it – tell us what’s right, tell us what’s cookies. coach his basketball and soccer teams. It’s not like we made a big cultural change – wrong and write a book. we just got people to remember why they got What about your social life? Thinking back, could you have imagined into medicine in the first place. All us doctors How did you like the final product? My wife and I don’t have much of a social life the career you have now? and nurses got into medicine for the same rea- The book kinda makes it appear like we outside of work-business events. I’ll tell my No, never. I’m just blown away by how lucky sons – we liked our doctors, our grandmothers knew what we were doing. No way. We took wife that we’re going to dinner tonight at the I am to be in this position. I feel there’s just got sick and received great care. They were all a lot of good steps but we took a lot of mis- Beverly Hilton, and she’ll ask, “So what organ such purpose to my life today. 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

SEPTEMBER 19, 2011 LOS ANGELES BUSINESS JOURNAL 17 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 18 LOS ANGELES BUSINESS JOURNAL SEPTEMBER 19, 2011

X NEXT WEEK CHARITABLE FOUNDATIONS/TRUSTS The 30 Largest Commerical Real THE LIST L.A. County-based; ranked by total assets in 2010 Estate Brokers in L.A. County

X EXECUTIVE SUMMARY X THE TRENDS X THE PACESETTER

ANY charitable foundations HE J. Paul Getty in Los Angeles County have Less Generous Trust tops the M bounced back from steep Foundation giving nationwide fell for the second consecutive year in 2010. T list of the largest declines in assets that hit them in 2008 and private foundations head- 2009. At the 25 largest foundations, assets $50 quartered in Los Angeles increased from $26.5 billion in 2009 to (in billions) County with $8.1 billion $29.3 billion last year, or 11 percent. 40 in net assets last year. Eight foundations in the county have That’s up 18 percent at least $1 billion in assets. Norton Simon 30 compared with 2009, but Foundations, which includes both the Nor- still lower than Getty’s 20 ton Simon Foundation and Norton Simon $11.2 billion in assets in Art Foundation, reported the greatest 10 2007. percentage increase in assets. The founda- This year, Getty initi- tions’ assets grew by 32 percent from $2.1 0 ated a regional program billion in 2009 to $2.7 billion last year. 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 called Pacific Standard Other big gainers include No. 1 J. Paul Time: Art in L.A. 1945- Trust: Getty Center overlooking the Westside. Getty Trust, up 18 percent. Milken Fam- Areas of Emphasis 1980, which was funded ily Foundation and Ahmanson Foundation in part by Getty’s nearly $10 million in grants to more than 60 local Education and health receive the highest percentage of foundation reported asset increases of 12 percent and museums and cultural institutions. The Getty-led collaboration will debut grant dollars. 11 percent, respectively. Oct. 1 with exhibits at more than 50 museums including Los Angeles Foundations listed support a wide range Education County Museum of Art, Museum of Contemporary Art, the Hammer of programs, from health services to edu- Health Museum, Getty Museum, Huntington Library, Art Collections, Botanical cation and fine arts. As a group, founda- Human Services Gardens, Watts Towers Arts Center and others. tions listed made more than $750 million Public Affairs Planning for the program began almost 10 years ago as an effort to in grants last year. Foundations are legally document the milestones in the region’s artistic history. required to distribute 5 percent of their net Arts The J. Paul Getty Trust supports four Getty programs – the museums, investment assets for charitable purposes Environment the research and conservation institutes, and the Getty Foundation. annually. International Affairs Combined, the Getty Museum and Getty Villa attract more than 1.8 Several of the foundations are classified Science million visitors annually. as operating foundations, which means Religion Since its inception in 1984, the Getty Foundation has provided grants they exist to support a specific program to support nearly 6,000 projects in 180 countries. Social Science such as a museum or school. 05%10152025 – David Nusbaum – David Nusbaum Source: Foundation Center

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SEPTEMBER 19, 2011 LOS ANGELES BUSINESS JOURNAL 19 CALLING ALL NONPROFIT LEADERS AND BOARD MEMBERS

Join your colleagues and Wallis Annenberg at ANNENBERG ALCHEMY’S 3RD ANNUAL

An evening of speakers and entertainment dedicated to “The Art of Human Engagement through Effective Storytelling” featuring Los Angeles Social Venture Partners’ Social Innovation Fast Pitch

OCTOBER 25, 2011 5:00 - 7:30 PM at Club Nokia at L.A. LIVE, Downtown Los Angeles 3:30 check-in and doors open. (Doors close promptly at 5:00.)

INTERESTED IN ATTENDING? Please email [email protected] or call (213) 403-3030 For more information go to annenbergalchemy.org

PEER TO PEER is being held at Club Nokia thanks to the generous assistance of Timothy J. Leiweke, President & CEO of AEG and STAPLES Center Foundation. Special thanks to Academy Award-winning producer Bruce Cohen, Jessica Leventhal, Eric Cook and the creative team at Bruce Cohen Productions for helping bring this event to life.

Thanks as well to our generous partners. 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

20 LOS ANGELES BUSINESS JOURNAL THE LIST SEPTEMBER 19, 2011

Continued from page 18

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SEPTEMBER 19, 2011 DATA BANK LOS ANGELES BUSINESS JOURNAL 21

CONVENTIONS Te’Kila CALENDAR Thursday, Sept. 22 6541 Hollywood Blvd., Hollywood Multiple Chamber Mixer $20 • Wizard World Comic Con Tuesday, Sept. 20 5 p.m. (323) 469-8311 Sept. 24-25 Golf n Stuff Flexible Staffing Model (646) 380-2475 10555 E. Firestone Blvd., Norwalk Thursday, Sept. 29 Sponsor: Challenger Networking Group Free Noon (562) 944-1616 Getting Started With Government Contracting • Fall Home and Garden Show Zen Buffet Sponsor: Federal Technology Center Sept. 30 21610 Victory Blvd., Woodland Hills Business After Dark 9 a.m. (800) 999-5400 $11 lunch Sponsor: Beverly Hills Chamber of Commerce Pacific Coast Regional Small Business Development (818) 992-4270 5:30 p.m. Center Ultimate Women’s Expo 3255 Wilshire Blvd., Koreatown • OneWest Bank Oct. 1-2 Business Networking Mixer 9550 S. Santa Monica Blvd., Beverly Hills Free (866) 618-3434 Sponsor: Long Beach Area Chamber of Commerce $30 (866) 382-7822 5:30 p.m. (310) 248-1000 Alpert Jewish Community Center Tuesday, Oct. 4 • Grow 3801 E. Willow St., Long Beach AdJam Oct. 1-2 Relating to the CEO Free (RSVP required) Sponsor: thinkLA [email protected] (562) 436-1251 6 p.m. Sponsor: Challenger Networking Group Noon House of Blues Girl Scouts Greater Los Angeles 8430 W. Sunset Blvd., West Hollywood Zen Buffet • Wednesday, Sept. 21 Oct. 29 $65 21610 Victory Blvd., Woodland Hills Breakfast Mixer (310) 823-7320 $11 lunch (213) 213-0150 Sponsor: Long Beach Area Chamber of Commerce (818) 992-4270 7:15 a.m. Saturday, Sept. 24 • Green Festival L.A. Alpert Jewish Community Center Raising Capital Foreclosure Workshop Oct. 29-30 2640 N. Lakewood Blvd., Long Beach Sponsor: Dynamics Capital Sponsor: California Foreclosure Institute (800) 584-7336 $30 (RSVP required) 8 a.m. 5:30 p.m. (562) 436-1251 Norwalk Library Luxe Hotel Blogworld & New-Media Expo 11461 Sunset Blvd., Brentwood 12350 Imperial Highway • Nov. 2-5 Entertainment Luncheon $465 Free Sponsor: Beverly Hills Bar Association (310) 471-0650 (310) 379-0101 (858) 366-2962 Noon Lawry’s Tuesday, Sept. 27 Wednesday, Oct. 5 • West Coast Franchise Expo 100 N. La Cienega Blvd., Beverly Hills Fed/State Payroll Taxes Business Mixer Nov. 4-6 $105 Sponsor: VEDC Sponsor: Sherman Oaks Chamber of Commerce (201) 881-1658 (310) 601-2423 4 p.m. 7:15 a.m. 5121 Van Nuys Blvd., Van Nuys Maria’s Italian Kitchen Comikaze Expo Business Mixer Free • 13353 Ventura Blvd., Sherman Oaks Nov. 5-6 Sponsor: Santa Monica Chamber of Commerce (818) 907-9922 $35 [email protected] 5:30 p.m. (818) 906-1951 Hotel Erwin Business Mixer 1697 Pacific Ave., Venice Sponsor: Sherman Oaks Chamber of Commerce • L.A. Auto Show $25 5:30 p.m. Nov. 18-27 (310) 393-9825 Mad Bull’s Tavern LAAutoShow.com 14649 Ventura Blvd., Sherman Oaks To be considered for publication, Calendar listings should be submitted at least three weeks in advance Networking Mixer $15 Ski Dazzle – Los Angeles Ski Show Sponsor: West Hollywood Chamber of Commerce (818) 906-1951 of the event. Listings can be submitted by e-mail to • and Snowboard Expo 6 p.m. [email protected] or by mail to: Dec. 1-5 US Bank Wednesday, Sept. 28 Los Angeles Business Journal 8901 Santa Monica Blvd., West Hollywood Business Mixer Calendar (949) 497-4977 $20 Sponsor: Hollywood Chamber of Commerce 5700 Wilshire Blvd. #170 (323) 650-2688 5:30 p.m. Los Angeles, CA 90036 L.A. Convention Center, (213) 741-1151, ext. 5340

Assets: N/A (Health care) Elaine O. San Juan Debts: N/A BANKRUPTCIES Debts: N/A 425 Broadway, #503 818-748-8872 Doc# SV11-20033-AA Doc# LA11-45135-BR Santa Monica 90401 File-Date: 08/22/11 A-1 Acoustics File-Date: 08/17/11 Chapter: 11 Mexican Benefit Corp. Kevin T. Simon (Business type N/A) Rachel S. Ruttenberg Assets: N/A (Non-profit) 818-783-6251 2930 E. 12th St. 818-783-8866 Debts: N/A 529 Euclid Ave., L.A. 90023 Doc# LA11-45255-PC 2901 E. Sixth St. Universal Bar Group LLC Chapter: 7 1663 W. 11th Place LP File-Date: 08/18/11 L.A. 90063 AKA: Harpers Bar and Grill Assets: $0 (Single-asset real estate) M. Jonathan Hayes Chapter: 11 (Business type N/A) Debts: $510,576 433 N Camden Drive, Suite #600 818-882-5600 Assets: $1,288,050 (Involuntary filing) Doc# LA11-45010-BB Beverly Hills 90210 Debts: $268,650 5545 Reseda Blvd File-Date: 08/17/11 Chapter: 11 Eight Investments LLC Doc# LA11-45565-VZ Tarzana 91356 Carolyn A. Dye Assets: N/A (Business type N/A) File-Date: 08/22/11 Chapter: 7 (Invol.) 213-368-5000 Debts: N/A 4333 S. Maywood Ave. Keith F. Rouse Assets: N/A Doc# LA11-45150-EC L.A. 90058 626-449-4211 Debts: N/A San Miguel Meat Distributors File-Date: 08/18/11 Chapter: 7 Doc# SV11-20044-MT DBA: Mercados Food Services; Michael N. Friedman Assets: N/A E-Courtreporter LLC File-Date: 08/22/11 Miguel Meat Distributors 310-279-5282 Debts: N/A (Court reporting/software sales) William Brownstein (Meat distributor) Doc# LA11-45280-PC 17781 Cape Jasmine Road (for petitioners) 16101 E. Old Valley Blvd. 701 Mariposa Project LLC File-Date: 08/18/11 Canyon Country 91387 310-458-0048 La Puente 91744 (Single-asset real estate) Delmas Woods Chapter: 7 Chapter: 7 4768 Park Granada, Suite #200 213-387-7100 Assets: $2,363 Griffin Industries Inc. Assets: $500 Calabasas 91302 Debts: $84,116 (Business type N/A) Debts: $10,018,680 Chapter: 11 Roxbury Associates LLC Doc# LA11-45702-BB 24005 Ventura Blvd. Doc# LA11-45063-BB Assets: N/A (Single-asset real estate) File-Date: 08/22/11 Calabasas 91302 File-Date: 08/17/11 Debts: N/A 602 N. Roxbury Drive Kenneth Jay Schwartz Chapter: 7 Rosendo Gonzalez Doc# SV11-19932-MT Beverly Hills 90210 818-226-1205 Assets: N/A 213-452-0070 File-Date: 08/18/11 Chapter: 11 Debts: N/A Rachel S. Ruttenberg Assets: N/A Copynet Office Solutions Inc. Doc# SV11-20057-AA Mercados Food Services Inc. 818-783-8866 Debts: N/A (Office products retailer) File-Date: 08/22/11 (Meat wholesale distributor) Doc# LA11-45427-BR 3915 Capitol Ave. Robert D. Bass 2459 E. Vernon Ave. Black & Red Inc. File-Date: 08/19/11 Whittier 90601 818-382-6200 Vernon 90058 DBA: TAVU Rachel S. Rutterberg Chapter: 7 Chapter: 7 (Sales, apparel) 818-783-8866 Assets: $19,285 Crenshaw Avalon Properties LLC Assets: $1,000 6301 Honolulu Ave., #59 Debts: $1,484,740 (Business type N/A) Debts: $16,673,138 Tujunga 91042 Victoria Home Health Doc# LA11-45710-BB 4343 Crenshaw Blvd, Suite #305 Doc# LA11-45068-BR Chapter: 7 Nursing Agency Inc.; File-Date: 08/22/11 L.A. 90008 File-Date: 08/17/11 Assets: $113 FDBA: Victoria Home Health Maria Tam Chapter: 11 Rosendo Gonzalez Debts: $375,396 (Health care) 626-281-9353 Assets: $845,000 213-452-0070 Doc# LA11-45240-EC 8455 Beverly Blvd., Suite #302 Debts: $1,250,224 File-Date: 08/18/11 L.A. 90048 Calpacific Mortgage Inc. Doc# LA11-45757-RN Huntley Associates LLC Jeffrey C. Jackson Chapter: 7 (Business type N/A) File-Date: 08/23/11 (Single-asset real estate) 619-523-9001 Assets: $550 6700 Fallbrook Ave., Suite #111 Anthony Egbase 602 N. Roxbury Drive Debts: $38,852 West Hills 91307 213-620-7070 Beverly Hills 90210 David Frederick Velkoff Doc# LA11-45520-BB Chapter: 7 Chapter: 11 DBA: Drake Institute File-Date: 08/21/11 Assets: N/A Please see page 22 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

22 LOS ANGELES BUSINESS JOURNAL DATABANK SEPTEMBER 19, 2011

(Business type N/A) Doc# LA11-46007-RN L.A. 90024 Doc# LA11-46359-TD Continued from page 21 9601 Columbus Ave. File-Date: 08/24/11 Chapter: 7 File-Date: 08/25/11 North Hills 91343 Thomas J. Ryn Assets: N/A Marc C. Forsythe Chapter: 7 213-380-9200 Debts: N/A 949-798-2460 JP Unlimited LLC Assets: $13,665 Doc# LA11-46342-RN (Business type N/A) Debts: $43,690 Ferrici Apparel Inc. File-Date: 08/25/11 Briar Patch Estates Inc. 1010 N. Central Ave., Suite #312 Doc# SV11-20088-VK (Real estate) Daniel King (Investment) Glendale 91202 File-Date: 08/23/11 5777 W. Pico Blvd. 213-388-3887 19227 Briarfield Way Chapter: 11 Warren L. Brown L.A. 90019 Tarzana 91356 Assets: N/A 818-507-4908 Chapter: 7 Pantex Inc. Chapter: 7 Debts: N/A Assets: N/A (Import/wholesale machinery & parts) Assets: N/A Doc# LA11-45863-BB Hob’s Deli Inc. Debts: N/A 13724A Harvard Place Debts: N/A File-Date: 08/23/11 DBA: UPS Store #4036 Doc# LA11-46021-BR Gardena 90249 Doc# SV11-20173-AA Pro-per. (Business type N/A) File-Date: 08/24/11 Chapter: 7 File-Date: 08/25/11 233 N. Maclay Ave. Christie Gaumer Assets: $90,219 Lynne Romano Mission A.S.C. Inc. San Fernando 91340 323-934-8500 Debts: $1,238,903 626-552-0270 DBA: Mission Car Wash Chapter: 7 Doc# LA11-46343-EC (Business type N/A) Assets: $17,300 Rejuva-Tech Inc. File-Date: 08/25/11 Joenaz Properties LLC 20021 Ventura Blvd. Debts: $85,159 (Business type N/A) Kelly R. Cha (Business type N/A) Woodland Hills 91364 Doc# SV11-20093-AA 859 Via De La Paz 213-382-9490 11852 Santa Monica Blvd., Suite #4 Chapter: 7 File-Date: 08/23/11 Pacific Palisades 90272 L.A. 90025 Radio Multi Media Inc Assets: N/A Steven A. Simons Chapter: 7 Chapter: 11 (Communications services) Debts: N/A 818-788-5291 Assets: N/A Assets: N/A 6150 Shenandoah Ave. Doc# SV11-20072-MT Debts: N/A Debts: N/A File-Date: 08/23/11 LAX 7 LLC Doc# LA11-46028-BR L.A. 90056 Chapter: 11 Doc# LA11-46395-BB William H. Brownstein (Health care) File-Date: 08/24/11 File-Date: 08/26/11 310-458-0048 327 W. Manchester Blvd. Alon Darvish Assets: N/A Debts: N/A Raymond H. Aver Inglewood 90301 310-205-5529 310-473-3511 Allied Masonry & Construction Inc. Chapter: 11 Doc# LA11-46350-ER DBA: Firerock of California; A-Allied File-Date: 08/25/11 Assets: N/A Queen Esther Enterprise Inc. Kim Heng Supermarket Inc. (Construction) Michael Jay Berger Debts: N/A (Wholesale supply) (Grocery store) 22425 Ventura Blvd., #320 310-271-6223 Doc# LA11-45976-RN 3855 S. Hill St., Suite #A 1241 E. Anaheim St. Woodland Hills 91364 File-Date: 08/24/11 L.A. 90037 Long Beach 90813 Chapter: 7 Culver Village LLC Ronald G. Peake Chapter: 7 Chapter: 7 Assets: 0 (Residential care facility) 310-488-9017 Assets: 0 Assets: $46,889 Debts: $523,781 111 N. Sepulveda Blvd., Suite 330 Debts: $126,991 Debts: $135,095 Doc# SV11-20084-AA Manhattan Beach 90266 Pico Offices LLC Doc# LA11-46115-BR Doc# LA11-46483-RN File-Date: 08/23/11 (Business type N/A) File-Date: 08/24/11 Chapter: 11 Heidi Hohler Assets: N/A File-Date: 08/26/11 4156 W. Pico Blvd. Jaenam J. Coe Michael Y. Lo 818-716-6444 L.A. 90019 213-389-1400 Debts: N/A Chapter: 13 Shant Melkonian Assets: $650,000 Colonial Yacht Anchorage Inc. DBA: The Pet City Debts: $787,052 (Boat yard) Bankruptcy information is supplied by Timely Info of Los Angeles, Jack Vaughn (323) 664-4423. Chapter 7: a “straight” liquidation bankruptcy involving an appointed trustee to sell all assets by (Business type N/A) Doc# LA11-45985-VZ Berth 204 Anchorage Road 17533 Raymer St. auction or other means to pay creditors and trustee fees. File-Date: 08/24/11 Wilmington 90744 Chapter 11: a process which allows a business to gain temporary relief from paying debt in order to Northridge 91325 Leslie Richards Chapter: 11 attempt a successful reorganization. The debtor remains in control of the business during the bank- Chapter: 7 818-997-9955 Assets: N/A ruptcy and the business continues to function. Assets: $501,668 Debts: N/A Chapter 13: a bankruptcy plan available to individuals whose “income is sufficiently stable and reg- Debts: $706,670 TSLA Inc. Doc# LA11-46267-VZ ular to enable such individual to make payments under a plan.” The debtor makes payments to a Doc# SV11-20086-VK DBA: Talent Clothing; Talent Plus File-Date: 08/25/11 trustee who disburses the funds to creditors. File-Date: 08/23/11 (Clothing manufacturer) Paul M. Brent Involuntary bankruptcy: the debtor is forced into bankruptcy by secured creditors whose claims Scott D. Olsen 807 E. 12th St. 818-876-8535 total at least $220,000. Involuntary bankruptcy may be filed under Chapter 7 or 11. 818-888-0478 L.A. 90021 AKA: also known as FKA: formerly known as Chapter: 7 FTC Financial Group DBA: doing business as FAW: formerly associated with Action Data Supply Corp. Assets: N/A (Business type N/A) FDBA: formerly doing business as AKA: ACTData Corp. Debts: N/A 1642 Westwood Blvd.

Los Angeles Business Journal’s Book of Lists 2012

A compilation of lists of top-ranked companies published in the Los Angeles Business Journal over the course of 2011, the 2012 Book of Lists is highly coveted by our subscribers and the LA business community. The 2012 Book of Lists will be published on December 26, 2011 and here are the Top Reasons why the Book of Lists should be a part of your marketing strategy: Maximize your exposure: CEOs, business owners and other top decision- makers with tremendous purchasing power refer to the annual Book of Lists year round. Enhance your corporate image: By aligning your company with LA's top-ranked companies, you will be positioning your company as an industry leader next to them. Take advantage of highly targeted placement: Position your name, image and message very prominently with a sponsorship or place an ad adjacent your desired industry list or lists.

Don't miss this opportunity to reserve space in your preferred list or lists!

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SEPTEMBER 19, 2011 INVESTMENTS & FINANCE LOS ANGELES BUSINESS JOURNAL 23

ECONO L.A.COUNTY WATCH Staying Subscribe today. As part of your subscription, you %± from will also receive access to GENERAL INDICATORS Latest Previous previous Year %± from still isn’t the daily electronic Los Angeles period period period ago year ago Business Journal, unlimited on-line 1 Employment (000’s) (July) ...... 4,216.2 4,237.6 -0.5% 4,899.0 -13.9% an option access to our archives, Unemployment (000’s) (July)1 ...... 645.2 600.2 +7.5% 657.7 -1.9% and the Book of Lists published Film Production Days (2nd qtr.)2 ...... 11,260 11,604 -3.0% 11,134 +1.1% Bankruptcies at the end of the year. Chapter 7 (July)...... 3,848 3,504 +9.8% 3,057 +25.9% Chapter 11 (July) ...... 43 36 +19.4% 43 0.0% Call toll-free 3 Trade 1.800.404.5225 Exports (mils.) (July) ...... $10,373.2 $10,353.1 +0.2% $8,604.4 +20.6% Imports (mils.) (July) ...... $30,919.4 $29,940.9 +3.3% $22,388.4 +38.1% Air cargo4 LAX (July)...... 154.2 162.6 -5.2% 165.9 -7.1% Burbank (June)...... 8.1 7.4 +9.5% 8.2 -1.2% Container volume5 (000’s) Long Beach (July) ...... 572.9 554.3 +3.4% 587.9 -2.6% Los Angeles (July) ...... 688.3 640.8 +7.4% 730.7 -5.8% Los Angeles CPI (July) ...... 231.3 232.3 -0.4% 226.0 +2.3%

%± from REAL ESTATE Latest Previous previous Year %± from period period period ago year ago Construction lending (mils.) (June) ...... $139.0 $160.5 -13.4% $140.3 -0.9% Property acquisition lending (mils.)6 (June) ...... $2,026.4 $1,729.1 +17.2% $2,466.0 -17.8% Refinance lending (mils.) (June)7 ...... $3,915.2 $3,139.8 +24.7% $3,902.7 +0.3% Foreclosures Number (June) ...... 2,931 2,487 +17.9% 2,781 +5.4% Value (mils.) (June) ...... $936.9 $691.7 +35.4% $1,252.6 -25.2% Building contracts (mils.) Residential (July) ...... $122.5 $190.3 -35.6% $166.5 -26.4% Nonresidential (July) ...... $104.0 $515.9 -79.8% $262.5 -60.4% Building permits (mils.) Residential (July) ...... $171.4 $237.8 -27.9% $292.5 -41.4% Nonresidential (July) ...... $213.6 $293.1 -27.1% $246.4 -13.3% Housing start permits (July) ...... 275 590 -53.4% 901 -69.5% Home sales (July)8 ...... 4,164 3,867 +7.7% 4,498 -7.4% Home prices (000’s) (July) ...... $345 $340 +1.5% $350 -1.4% Condo sales (July)8 ...... 1,583 1,564 +1.2% 1,634 -3.1% Condo prices (000’s) (July) ...... $275 $285 -3.5% $305 -9.8% Apartments (2nd qtr.) Gross occupancy ...... 94.2% 93.9% +0.3% 93.9% +0.3% Avg. sq. ft. rent ...... $1.90 $1.93 -1.6% $1.89 0.5% Avg. monthly rent ...... $1,643 $1,637 +0.4% $1,595 +3.0%

Office vacancy rates (2nd qtr.) Downtown Los Angeles ...... 15.4% 15.0% +2.7% 15.7% -1.9% San Fernando Valley ...... 17.6% 18.5% -4.9% 19.0% -7.4% West L.A...... 15.7% 16.6% -5.4% 15.4% +1.9% South Bay ...... 18.9% 19.3% -2.1% 17.8% +6.2% Countywide ...... 16.5% 16.9 -2.4% 16.6% -0.6%

Industrial vacancy rates (2nd qtr.) Downtown/Central ...... 2.2% 2.1% +4.8% 2.4% -8.3% Bob Hayward, Business Executive South Bay ...... 3.0% 3.1% -3.2% 2.8% +7.1% San Gabriel Valley ...... 3.5% 3.5% 0.0% 3.8% -7.9% “As a busy executive in a demanding industry I find comfort in the knowledge that my financial advisors take care of my family’s investments. I also appreciate the effort %± from Citizens Business Bank has taken to get to know me and the personal service they provide.” TOURISM Latest Previous previous Year %± from month month month ago year ago Co-Founder Summit Entertainment Hotel occupancy rate (July) ...... 85.2% 80.3% +6.1% 80.0% +7.0% Room rate (July)...... $164.3 $150.5 +9.2% $150.1 +9.5% Passengers LAX (000’s) (July) ...... 6,071.3 5,631.6 +7.8% 5,692.9 +6.6% Burbank Airport (000’s) (June)...... 371.9 360.3 +3.2% 392.1 -5.2%

FOOTNOTES 1. Not seasonally adjusted. 5. 20-foot equivalent unit. 2. Music, television, film and commercials quarterly. 6. Apartment and residential combined 3. Through Los Angeles Customs District. 7. Includes refinancings, second mortgages and equity mortgages 4. In thousands of tons. 8. Adjusted for selling days.

BOLDFACE INDICATES UPDATED FIGURES 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 A Financial Services Company 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 (housing start permits, building permits); M/PF Research Inc. (apartments); Grubb & Ellis (office and industrial 1-877-4-CBBANK vacancy rates); PKF Consulting (hotel occupancy rate, room rate). Member FDIC (0911) www.cbbank.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 LOS ANGELES BUSINESS JOURNAL INVESTMENTS & FINANCE SEPTEMBER 19, 2011

THE LABJ STOCK INDEX TRACKING LOS ANGELES AREA COMPANIES

WEEKLY TOP GAINERS WEEKLY TOP LOSERS

Stamps.com Inc. Intergroup Corp. OriginOil Inc. U.S. China Mining Group Inc. $25 $30 $3.5 $2.5 Sept. 14, 2011 $26.80 23 28 2.3 Sept. 14, 2011 3.0 Sept. 8, 2011 $2.34 21 26 2.1 $3.20 Sept. 14, 2011 Sept. 14, 2011 $1.75 19 $23.15 24 1.9 2.5 Sept. 8, 2011 $2.00 17 Sept. 8, 2011 22 Sept. 8, 2011 1.7 $18.57 $23.94

15 20 2.0 1.5 9/8 9/9 9/12 9/13 9/14 9/8 9/9 9/12 9/13 9/14 9/8 9/9 9/12 9/13 9/14 9/8 9/9 9/12 9/13 9/14

TOP TEN LOCAL GAINERS BY PERCENTAGE (with closing prices at least $1) TOP TEN LOCAL LOSERS BY PERCENTAGE (with opening prices at least $1) Sept. 14 Sept. 7 Price 1-Wk 52-Wk Sept. 14 Sept. 7 Price 1-Wk 52-Wk Company Close Close Change % Chg. % Chg. Company Close Close Change % Chg. % Chg. Stamps.com Inc...... $23.15 $18.83 $4.32 22.9% 116.4% OriginOil Inc...... $2.34 $3.20 -$0.86 -26.9% -52.7% Intergroup Corp...... 26.80 22.78 4.02 17.6% 70.7% U.S. China Mining Group Inc...... 1.75 2.10 -0.35 -16.7% -55.6% Jakks Pacific Inc...... 19.57 16.90 2.67 15.8% 23.6% US Auto Parts Network Inc...... 4.94 5.90 -0.96 -16.3% -40.1% National Technical Systems Inc...... 5.62 5.00 0.62 12.4% -22.2% Molina Healthcare Inc...... 15.60 18.60 -3.00 -16.1% -13.9% Semtech Corp...... 24.06 21.92 2.14 9.8% 33.8% BioSolar Inc...... 3.00 3.50 -0.50 -14.3% -28.6% Ixia ...... 8.12 7.40 0.72 9.7% -33.8% Farmer Bros Co...... 4.60 5.25 -0.65 -12.4% -72.1% Cherokee Inc...... 13.16 12.20 0.96 7.9% -28.1% Korn/Ferry International ...... 13.37 15.25 -1.88 -12.3% -15.1% DineEquity Inc...... 40.92 37.96 2.96 7.8% -2.0% RadNet Inc...... 2.65 2.97 -0.32 -10.8% 5.2% Entravision Communications Corp...... 1.16 1.08 0.08 7.4% -33.3% Virco Manufacturing ...... 1.99 2.22 -0.23 -10.4% -30.4% Green Dot Corp...... 34.75 32.50 2.25 6.9% -35.3% Wesco Aircraft Holdings Inc...... 11.95 13.24 -1.29 -9.7% NA

MARKET DIARY MARKET INDEXES A mixed bag of economic data, including flat monthly retail sales numbers, kept the markets static during the week ended Sept. Sept. 14 Sept. 7 Point 1-Wk 52-Wk 14. Reflecting widespread investor uncertainty, the Dow Jones industrial average fell 1.5 percent while the Nasdaq rose nearly 1 Index Close Close Change % Chg. % Chg. percent. The LABJ Index declined 1 percent as 99 local stocks fell and 63 advanced. Farmer Bros Co., a coffee distributor in Tor- Dow Jones Industrial ...... 11,246.73 11,414.86 -168.13 -1.5% 6.8% rance, stumbled after reporting a quarterly net loss. Shares dropped more than 12 percent to $4.60. Stamps.com Inc. was the top local gainer on news of possible cutbacks at the U.S. Postal Service, which could drive customers to the Internet-based NASDAQ ...... 2,572.55 2,548.94 23.61 0.9% 12.3% postage provider. Shares of the L.A. company rose nearly 23 percent to $23.15. Jakks Pacific Inc. benefited from news of an S&P 500 ...... 1,188.68 1,198.62 -9.94 -0.8% 6.0% acquisition offer from a local private equity firm. Shares of the Malibu toymaker jumped nearly 16 percent to $19.57. LABJ Index ...... 109.40 110.46 -1.06 -1.0% -4.7%

MARKET SUMMARY DIVIDEND YIELD MOST ACTIVE STOCKS VOLUME WEEKLY SUMMARY Company Dividend Yield Dividend Weekly Close Walt Disney Co...... 11,977,364 Advances ...... 63 Anworth Mortgage Asset Corp...... 13.6% $0.95 $6.96 CB Richard Ellis Group Inc...... 7,414,934 Declines ...... 99 PennyMac Mortgage Investment Trust ...... 10.7% $1.76 $16.49 Activision Blizzard Inc...... 6,828,423 Unchanged ...... 14 BreitBurn Energy Partners LP ...... 9.0% $1.64 $18.18 DirecTV ...... 6,786,251 New Highs ...... 4 Stamps.com Inc...... 8.6% $2.00 $23.15 Occidental Petroleum Corp...... 5,891,010 New Lows ...... 16 Guess? Inc...... 8.6% $2.80 $32.60

LABJ INDEX

LABJ Index, 52 weeks LABJ Index v. S&P 500, 5 days LABJ Index v. S&P 500, 52 weeks 150 1% 25%

0 20

15 -1

10 -2 120 5 -3 0 -4 -5 Sept. 14, 2011 SP 500 109.40 -5 SP 500 LABJ Index -10 LABJ Index

90 -6 -15 S O N D J F M A M J J A S 9/8 9/9 9/12 9/13 9/14 S O N D J F M A M J J A S

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

SEPTEMBER 19, 2011 INVESTMENTS & FINANCE LOS ANGELES BUSINESS JOURNAL 25

THE LABJ STOCK INDEX TRACKING LOS ANGELES AREA COMPANIES TOP GAINERS TOP LOSERS Company Sept. 14 1-Wk YTD 52-Wk P.E. Mkt. Cap Company Sept. 14 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 Imaging3 Inc. IMGG $0.08 -5.1% -46.0% -76.1% NA $32.2 Aerovironment Inc. AVAV $29.10 -3.0% 8.5% 34.5% 21.9 $613.8 IPC The Hospitalist Co Inc. IPCM 39.22 0.9% 0.5% 51.7% 23.9 644.4 Ducommun Inc. DCO 16.97 -5.9% -22.1% -20.7% 11.5 178.8 Molina Healthcare Inc. (L) MOH 15.60 -16.1% -16.0% -13.9% 10.3 718.6 Flamemaster Corp. FAME 4.97 -0.6% 1.4% 16.9% 10.6 6.2 RadNet Inc. RDNT 2.65 -10.8% -6.0% 5.2% 16.6 99.2 Teledyne Technologies Inc. TDY 51.30 -1.6% 16.7% 34.1% 14.5 1,886.9 VCA Antech Inc. WOOF 16.94 -4.6% -27.3% -17.4% 12.0 1,466.9 Wesco Aircraft Holdings Inc. WAIR 11.95 -9.7% NA NA 1.5 1,022.6 INSURANCE APPAREL Mercury General Corp. MCY 38.49 -1.8% -10.5% -2.9% 18.6 2,110.3 American Apparel Inc. APP 0.90 -3.2% -45.8% -29.7% NA 97.6 Unico American Corp. UNAM 10.76 -1.0% 17.7% 19.5% 17.9 57.4 Cherokee Inc. CHKE 13.16 7.9% -30.0% -28.1% 15.7 111.1 INTERNET Guess? Inc. GES 32.60 4.2% -31.1% -10.0% 10.5 3,024.6 Bidz.com Inc. BIDZ 0.67 3.1% -44.8% -56.5% NA 13.0 Hot Topic Inc. HOTT 8.35 2.3% 32.8% 50.2% 83.5 375.0 Boingo Wireless Inc. WIFI 8.45 -0.4% NA NA NA 280.0 Joe's Jeans Inc. JOEZ 0.64 1.6% -58.8% -69.4% 21.3 41.5 CrowdGather Inc. (L) CRWG 0.34 -2.9% -78.3% -66.3% NA 20.1 K-Swiss Inc. (L) KSWS 5.12 0.6% -58.9% -58.4% NA 181.4 J2 Global Communications Inc. JCOM 31.61 -0.4% 9.2% 39.4% 13.5 1,462.8 People's Liberation Inc. PPLB 0.04 0.0% -63.6% -52.9% NA 1.4 ReachLocal Inc. RLOC 14.10 -1.8% -29.2% -1.1% NA 412.2 Skechers U.S.A. Inc. SKX 16.52 4.8% -17.4% -27.9% 38.4 822.6 Spark Networks Inc. LOV 3.16 -3.1% 6.4% 1.9% 35.1 65.1 True Religion Apparel Inc. TRLG 30.22 -1.0% 35.8% 48.6% 15.9 778.1 Stamps.com Inc. (H) STMP 23.15 22.9% 74.7% 116.4% 30.1 330.8 AUTOMOTIVE/PLASTICS/METALS United Online Inc. UNTD 5.67 1.1% -14.1% 7.8% 8.3 502.9 Motorcar Parts of America Inc. MPAA 9.96 0.1% -23.6% 24.8% 11.2 124.0 ValueClick Inc. VCLK 16.19 4.3% 1.0% 34.9% 14.5 1,281.4 Reliance Steel & Aluminum Co. RS 40.39 0.3% -21.0% -1.5% 10.9 3,024.4 MANUFACTURING Superior Industries International Inc. SUP 16.45 -2.9% -22.5% 0.2% 8.0 446.7 Avery Dennison Corp. (L) AVY 27.05 -1.3% -36.1% -23.4% 9.0 2,866.1 US Auto Parts Network Inc. (L) PRTS 4.94 -16.3% -41.2% -40.1% 123.5 151.0 BioSolar Inc. BSRC 3.00 -14.3% 4.2% -28.6% NA 17.4 BIOMEDICAL/PHARMACEUTICAL Cereplast Inc. CERP 3.48 5.1% -15.9% -0.9% NA 54.8 Amgen Inc. AMGN 55.26 -0.2% 0.7% 1.4% 11.5 51,065.3 Dole Food Co Inc. DOLE 9.66 -5.9% -28.5% 4.4% 107.3 855.9 Arrowhead Research Corp. ARWR 0.46 -13.0% -48.5% -52.0% NA 33.1 Ever-Glory International Group Inc. EVK 1.65 -1.2% -21.8% -31.0% 2.5 24.4 CytRx Corp. CYTR 0.37 3.4% -63.0% -52.7% NA 55.7 Farmer Bros Co. (L) FARM 4.60 -12.4% -74.2% -72.1% NA 74.5 Iris International Inc. IRIS 8.40 5.5% -17.9% -11.7% 113.5 150.3 Jakks Pacific Inc. JAKK 19.57 15.8% 7.4% 23.6% 19.8 531.3 MannKind Corp. MNKD 3.27 1.2% -59.4% -47.8% NA 428.3 Mattel Inc. MAT 26.57 -2.1% 4.5% 21.6% 14.1 9,110.6 Obagi Medical Products Inc. OMPI 10.33 0.4% -10.6% 0.2% 14.2 191.1 OSI Systems Inc. OSIS 35.71 -1.1% -1.8% 10.3% 19.5 700.0 Oxis International Inc. OXIS 0.06 -19.9% -61.4% -44.1% NA 12.1 Overhill Farms Inc. OFI 4.30 -2.7% -25.3% -10.0% 17.2 68.0 Physicians Formula Holdings Inc. FACE 3.30 -3.5% -12.2% 8.6% NA 44.9 Reed's Inc. REED 1.80 1.7% -10.4% -0.5% NA 19.5 Response Genetics Inc. RGDX 2.03 -6.0% -18.1% -15.4% NA 39.7 Virco Manufacturing (L) VIRC 1.99 -10.4% -24.6% -30.4% NA 28.3 Staar Surgical Co. STAA 8.34 3.1% 36.7% 75.9% NA 297.5 MEDIA/LEISURE/ENTERTAINMENT COMPUTERS/PERIPHERALS/ELECTRONICS Crown Media Holdings Inc. CRWN 1.32 0.8% -49.6% -41.9% 6.3 474.8 Aura Systems Inc. AUSI 0.80 15.9% 6.7% 14.3% NA 53.3 Daily Journal Corp. DJCO 67.00 -0.4% -6.9% -3.6% 11.7 92.5 International Rectifier Corp. IRF 21.64 1.5% -27.1% 7.4% 10.0 1,515.2 Demand Media Inc. DMD 7.62 -3.9% NA NA NA 639.5 Ixia XXIA 8.12 9.7% -51.6% -33.8% 33.8 564.6 Derycz Scientific Inc. DYSC 1.65 -5.7% -37.7% 70.1% NA 27.8 MRV Communications Inc. MRVC 1.36 0.7% -24.0% 7.9% 27.2 214.2 DirecTV DTV 42.95 0.6% 7.6% 5.6% 14.2 31,709.4 PC Mall Inc. MALL 6.19 -3.1% -18.2% 45.0% 9.5 76.8 DreamWorks Animation SKG Inc. DWA 19.93 0.8% -32.4% -38.2% 3.9 1,664.2 Power-One Inc. PWER 6.92 -5.1% -32.2% -38.0% 5.5 718.3 DTS Inc. DTSI 29.40 -5.0% -40.1% -22.5% 29.1 505.3 Qualstar Corp. (H) QBAK 1.96 3.2% 16.0% 25.6% NA 24.0 Entravision Communications Corp. (L) EVC 1.16 7.4% -54.9% -33.3% NA 99.1 Semtech Corp. SMTC 24.06 9.8% 6.3% 33.8% 17.3 1,594.8 Image Entertainment Inc. DISK 0.14 90.1% -3.6% -25.0% NA 34.5 Taitron Components Inc. TAIT 1.02 -5.6% -35.4% -1.9% NA 5.7 Lions Gate Entertainment Corp. LGF 6.96 -1.7% 6.9% -4.7% 30.3 954.7 Trio Tech International TRT 3.25 1.7% -22.0% -10.1% 14.1 10.8 Live Nation Entertainment Inc. (L) LYV 8.39 -5.4% -26.5% -13.8% NA 1,587.0 Vitesse Semiconductor Corp. VTSS 3.50 4.5% -16.5% -9.1% 31.8 85.6 NeuMedia Inc. MNDL 0.54 -21.3% 84.5% 37.2% NA 23.4 CONSTRUCTION/ENGINEERING Point.360 PTSX 0.70 0.0% -20.5% -44.9% NA 7.5 Aecom Technology Corp. ACM 21.49 -2.1% -23.2% -12.1% 9.9 2,566.9 Provision Holding Inc. PVHO 0.05 50.0% -25.0% -2.2% NA 2.0 Ameron International Corp. AMN 84.50 -0.2% 10.6% 46.7% 99.4 766.3 Reading International Inc. RDI 4.23 -1.2% -16.2% -4.5% 6.9 100.9 Jacobs Engineering Group Inc. JEC 36.02 -2.9% -21.4% -1.1% 14.1 4,594.4 RealD Inc. RLD 12.82 -1.5% -50.5% -23.8% NA 695.0 KB Home KBH 6.05 -2.9% -55.2% -49.7% NA 465.9 Salem Communications Corp. SALM 2.41 3.0% -24.0% -4.3% 20.1 58.5 Ryland Group Inc. RYL 10.69 -1.9% -37.2% -39.3% NA 474.7 Stratus Media Group Inc. SMDI 0.75 7.1% 17.2% 0.0% NA 58.1 Tetra Tech Inc. TTEK 19.17 -0.2% -23.5% -3.3% 14.0 1,197.8 Tix Corp. TIXC 1.90 2.7% 53.2% 163.9% 11.2 59.1 Tutor Perini Corp. TPC 13.87 -0.5% -35.2% -25.9% 8.7 655.9 Walt Disney Co. DIS 32.29 -1.0% -13.9% -5.2% 13.5 59,930.4 ENERGY/UTILITIES MISC. SERVICES American States Water Co. AWR 34.04 -1.7% -1.2% 0.8% 14.9 636.0 Air Lease Corp. AL 20.76 -4.7% NA NA NA 2,090.8 BNK Petroleum Inc. BNKPF 3.33 6.9% -2.8% 51.4% NA NA Cadiz Inc. (L) CDZI 9.36 5.5% -24.8% -7.1% NA 132.8 BreitBurn Energy Partners LP BBEP 18.18 -1.1% -9.7% 6.3% NA 1,073.3 Electro Rent Corp. ELRC 13.95 0.6% -13.7% 5.7% 14.2 334.5 Capstone Turbine Corp. CPST 1.16 1.8% 20.9% 65.7% NA 301.1 Enova Systems Inc. ENA 0.64 4.8% -50.2% -25.7% NA 20.1 Edison International EIX 36.54 0.6% -5.3% 6.4% 11.4 11,905.1 Korn/Ferry International (L) KFY 13.37 -12.3% -42.1% -15.1% 9.6 638.0 Occidental Petroleum Corp. OXY 82.83 -2.0% -15.6% 5.7% 11.5 67,321.8 National Technical Systems Inc. NTSC 5.62 12.4% -30.4% -22.2% 80.3 57.6 OriginOil Inc. (L) OOILD 2.34 -26.9% -59.2% -52.7% NA 17.5 NetSol Technologies Inc. NTWK 0.81 -3.1% -56.7% -22.1% 4.5 44.8 U.S. China Mining Group Inc. (L) SGZH 1.75 -16.7% -72.5% -55.6% 2.2 33.0 On Assignment Inc. ASGN 7.39 3.9% -9.3% 47.5% 27.4 273.7 FINANCIAL SERVICES Rentech Inc. RTK 0.93 -0.1% -23.9% 9.3% NA 207.5 1st Century Bancshares Inc. FCTY 3.57 -0.8% -12.9% 2.0% NA 33.2 UTi Worldwide Inc. UTIW 14.16 -1.3% -33.2% -11.1% 18.9 1,455.2 American Business Bank AMBZ 22.50 0.0% 1.0% 3.1% 10.6 98.4 REAL ESTATE Anworth Mortgage Asset Corp. ANH 6.96 1.3% -0.6% 0.6% 7.9 919.5 Alexandria Real Estate Equities Inc. ARE 68.14 -6.2% -7.0% -5.2% 22.8 4,220.1 Bank of Santa Clarita BSCA 7.90 5.3% 13.7% 16.2% 65.8 17.4 CB Richard Ellis Group Inc. CBG 14.82 -3.1% -27.6% -18.1% 18.8 4,817.9 Beach Business Bank BBBC 8.40 -2.7% 68.0% 80.6% NA 34.1 Douglas Emmett Inc. DEI 17.48 -3.9% 5.3% 2.5% NA 2,230.9 Broadway Financial Corp. BYFC 1.44 6.7% -40.7% -41.9% NA 2.5 HCP Inc. HCP 35.88 -3.4% -2.5% -2.7% 26.4 14,609.6 California United Bank CUNB 11.75 0.0% -4.9% 9.3% NA 60.7 Hudson Pacific Properties Inc. HPP 12.77 -4.3% -15.1% -23.0% NA 428.7 Cathay General Bancorp CATY 12.12 -1.3% -27.4% 6.8% 12.6 953.1 Intergroup Corp. (H) INTG 26.80 17.6% 24.0% 70.7% 7.0 64.2 Center Financial Corp. CLFC 5.23 -3.5% -31.0% 11.3% 10.9 208.8 Kennedy-Wilson Holdings Inc. KW 11.17 -0.5% 11.8% 6.1% NA 502.4 City National Corp. CYN 42.53 -3.0% -30.7% -18.5% 14.5 2,262.4 Kilroy Realty Corp. KRC 33.76 -4.1% -7.4% 1.2% 375.1 1,973.8 Colony Financial Inc. CLNY 15.09 -3.6% -24.6% -17.8% 10.3 496.6 LTC Properties Inc. LTC 27.36 1.7% -2.6% 7.9% 23.6 830.1 East West Bancorp Inc. EWBC 16.78 3.7% -14.2% 0.7% 11.4 2,498.8 Macerich Co. MAC 46.87 -0.6% -1.1% 8.9% 120.2 6,182.9 Farmers & Merchants Bank FMBL 4030.00 0.4% 1.5% 2.0% 9.2 527.6 Meruelo Maddux Properties Inc. MMPI 4.20 6.3% 200.0% 366.7% NA 74.0 First California Financial Group Inc. FCAL 3.20 -2.7% 14.3% 24.5% NA 93.6 MPG Office Trust Inc. MPG 2.50 -3.8% -9.1% 0.4% NA 127.4 General Finance Corp. GFN 3.18 -0.9% 60.6% 200.0% NA 70.0 Portsmouth Square Inc. PRSI NA NA NA NA NA NA Great American Group Inc. GAMR 0.11 -12.7% -77.6% -73.8% NA 3.4 PS Business Parks Inc. PSB 52.42 -3.2% -5.9% -10.6% 28.3 1,295.6 Public Storage (H) PSA 121.91 -1.4% 20.2% 17.8% 41.9 21,823.2 Green Dot Corp. GDOT 34.75 6.9% -38.8% -35.3% 37.0 1,732.3 Thomas Properties Group Inc. TPGI 2.75 -1.1% -34.8% -24.0% NA 140.0 Hanmi Financial Corp. HAFC 0.93 -2.6% -19.1% -26.8% 18.6 140.7 RESTAURANTS/RETAIL/GROCERY Kaiser Federal Financial Group Inc. KFFG 11.84 -1.7% 2.2% 8.0% 12.6 113.2 99 Cents Only Stores NDN 18.82 0.0% 18.1% 5.3% 17.4 1,327.6 Malaga Financial Corp. MLGF 13.60 0.0% -10.8% -15.0% 7.4 79.4 Arden Group Inc. ARDNA 85.85 3.4% 4.1% -2.0% 14.8 263.6 Manhattan Bancorp MNHN 3.75 0.0% -27.2% -25.0% NA 15.0 Big 5 Sporting Goods Corp. BGFV 6.81 -3.9% -55.4% -42.6% 8.0 149.8 Mission Valley Bancorp MVLY 5.50 0.0% 46.7% 48.2% NA 24.8 Cheesecake Factory Inc. CAKE 27.20 2.5% -11.3% 2.6% 18.3 1,543.0 Nara Bancorp Inc. NARA 6.69 -4.0% -32.1% -6.2% 12.6 254.9 DineEquity Inc. DIN 40.92 7.8% -17.1% -2.0% 19.9 759.2 NCAL Bancorp NCAL 7.00 0.0% -30.0% -30.1% NA 16.5 Grill Concepts Inc. GLLC 0.28 0.0% -3.4% 27.3% NA 2.5 PacWest Bancorp PACW 16.05 0.7% -24.9% -11.6% 38.2 569.5 Sport Chalet Inc. SPCHB 2.33 0.0% -37.7% 9.9% NA 27.1 PennyMac Mortgage Investment Trust PMT 16.49 -2.8% -9.1% -8.2% 9.1 458.3 SOFTWARE Preferred Bank PFBC 8.13 -1.3% -7.6% -10.7% NA 107.2 Activision Blizzard Inc. ATVI 11.99 1.9% -3.6% 5.6% 16.4 13,702.4 Saehan Bancorp SAEB 0.27 0.0% -30.8% -30.8% NA 51.1 Cornerstone OnDemand Inc. (L) CSOD 13.08 -2.6% NA NA NA 628.7 SearchMedia Holdings Ltd. IDI 1.40 -9.7% -55.0% -41.9% NA 29.2 CyberDefender Corp. (L) CYDE 0.29 -35.6% -90.5% -93.0% NA 7.6 Wilshire Bancorp Inc. WIBC 2.94 -4.2% -61.4% -54.2% NA 209.6 Guidance Software Inc. GUID 6.37 1.1% -11.4% 14.6% NA 162.8 HEALTH CARE Peerless Systems Corp. PRLS 3.67 -1.3% 16.5% 14.7% 22.9 12.7 Health Net Inc. HNT 25.52 3.9% -6.5% -4.5% 9.8 2,273.4 Simulations Plus Inc. SLP 3.15 3.6% 17.1% 22.1% 17.5 48.9 Herbalife Ltd. HLF 55.97 -1.8% 63.7% 89.3% 19.8 6,624.0 THQ Inc. (L) THQI 1.79 -5.3% -70.5% -50.3% NA 122.3

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

26 LOS ANGELES BUSINESS JOURNAL REAL ESTATE SEPTEMBER 19, 2011 West L.A. Developer Homes In on Chinatown the Metro Gold Line, is vacant and already number of entities including a private lender, ACQUISITION: Meta to zoned for apartments. and state and local sources such as the city of convert office property into In fact, Kor, which developed the Pegasus Los Angeles Housing Department’s Neighbor- Lofts in downtown Los Angeles, bought the hood Stabilization Program. The development affordable housing project. property for $9.2 million in 2005 with plans to also will receive tax breaks. build a luxury condo complex. The company Meta plans to begin renovations at the end FTER almost three years in escrow, demolished the interior and completed a $1 of year and to open the building in early 2013. Meta Housing Corp. has finally million lead and asbestos abatement. But when The developer has built dozens of afford- A closed on a 152,000-square-foot office it failed to secure long-term parking nearby able housing complexes across Southern Cali- building in Chinatown it plans to convert into and the economy began to turn, Kor aban- fornia. Among the most notable are downtown senior housing. doned the plan and listed the property in 2008. L.A.’s 80-unit Adams & Central Mixed-Use The West L.A. for-profit affordable housing Purchased: 808 N. Spring St. property. Meta entered escrow on the property nearly Development, which won the National Associ- developer bought the building, at 808 N. Spring immediately, but took more than two years to ation of Home Builders’ best affordable apart- St. near Alameda Street, for $9 million last week of Chinatown,” said Tim Soule, senior project secure funding as the economy grew bleak. In the ment community award last year. from Kor Group, a Beverly Hills residential and manager for Meta. “We are taking an eyesore process, Kor defaulted on its loan on the property. Albert Shilton, a Charles Dunn Co. senior hospitality property developer and manager. away from the community.” The new 123-unit project, known as China- managing director in Century City, represented “It is a catalyst for revitalization of that area The nine-story building, only a block from town Metro Apartments, is being financed by a Meta. Kor represented itself in-house.

Great Deal A local family got such a good deal on a 29- unit apartment building without rent control in Sherman Oaks that it had barely closed escrow before offers for the property began rolling in. The family’s Lever Apartments LP, which owns five apartment complexes in Los Angeles, bought the Kester House, at 5421 Kester Ave., for $5.45 million this month from an investor

REAL ESTATE JACQUELYN RYAN

partnership that owns more than two dozen local commercial and multifamily properties. Lever put down $1.45 million in cash after refinancing a 39-unit building owned in Enci- no and securing a loan for the balance. Within days of closing, Lever received several offers of more than $5.8 million, but the family has no intention of selling anytime soon. “(They are) planning on holding on to the property,” said Paul Kenworthy, senior managing director with Charles Dunn, who represented the buyer. The deal, at about $220 per square foot, closed at market rate. The buyer has already raised rents by 10 percent, bringing monthly rates to $1,100 to $1,800 per unit. The building has one-, two- and three-bedroom unit, as well as a Jacuzzi, a barbecue area and parking. The sellers, Moorpark Dart LLC and BH Vineland, represented themselves in-house.

Fund Raise West L.A. private-equity firm Astrum Investment Management has launched its first real estate investment fund, which will focus on sale-and-lease-back deals of midmar- ket corporate buildings in the L.A. metro area. When you team with Union Bank,® you’ll experience the strength of a powerful financial partner working on AIM plans to raise up to $110 million in equity capital and debt, and is targeting a 15 your behalf. Through our relationship with Mitsubishi UFJ Financial Group, we can seamlessly deliver the global percent or more return on investment. The resources you need to access financing, mitigate risk and manage your working capital. And you’ll receive the fund seeks to capitalize on owner operators insight and guidance of local experts in over 40 countries. That’s the benefit of a bank immersed in your business. that bought their buildings at the height of the market and are spending more than desired on With Union Bank, the world can be an easy place to do business. Call us today. their mortgage and building expenses, such as taxes, insurance and utilities. Commercial Banking: Commercial Treasury Services: Business Banking: The company plans to buy about 10 to 15 Scott Connella Diane Williams, CTP William Schleifer properties in the $6 million-$12 million range. Executive Vice President Senior Vice President Vice President It is targeting commercial buildings with good 213-236-4275 213-236-5085 213-236-6861 cash flow, little lease-up risk and an opportunity for capital appreciation. Managing Director John Hartman said he hopes the fund, slated to close at the end of the year, will help his company establish a reputation. Astrum opened shop in Los Angeles only ©2011 Union Bank, N.A. two years ago. If the fund is successful, plans Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG), are to launch several more. one of the world’s largest financial organizations. unionbank.com 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

SEPTEMBER 19, 2011 LOS ANGELES BUSINESS JOURNAL 27 Investment Properties For Sale COMMERCIAL COMMERCIAL

2 101 BANKRUPTCY COURT AUCTION W. 3rd Dodger 5 FOR SALE REGIONAL MALL – BAKERSFIELD WILSHIRE Stadium WLA INVESTMENT • 178,000 sf on 17.8 ac BLVD. PRIME MELROSE AVENUE 10 • Minimum Bid • Strong Credit Tenant $4,100,000 • 6.4% Cap Rate • Auction in Los Angeles LOS ANGELES COUNTY VENTURA COUNTY FIGUEROA Bankruptcy Court on 9/22 FLOWER • $1,595,000 Santa 10 ◆ W. Althouse Tony Gild 858-642-2342 Clarita ALAMEDA 60 Lic.#00789914 [email protected] 110 (310) 966-4389

118 Simi 2 Valley Northridge NEW 2011 Burbank Need more 170 OFFICE BUILDING Agoura 5 LOS ANGELES/CULVER CITY ADJ. Hills 101 Hollywood Pasadena 210 • 18,232 SF information on Calabasas Glendale • Ideal for owner/user or investor 405 1 • $5,750,000 Alhambra 10 West Covina ◆ T.C. Macker LOS ANGELES Pomona advertising your 1 Santa (310) 966-4352 Monica 2 Montebello [email protected] Malibu Investment Venice Culver City Whittier LOS ANGELES COUNTY Marina Del Rey Lynwood 5 ORANGE COUNTY El Segundo Property? Hawthorne FOR SALE Manhattan Beach 5 miles Hermosa Beach FREE STANDING RETAIL Torrance 3 Redondo Beach Anaheim Carson Long Beach Call Rancho Palos Huntington Santa Ana Verdes LONG Beach BEACH San Clemente Irvine LEGEND LOS ANGELES HARBOR Rosz Murray HARBOR Office Costa Mesa

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LOWERED Available Space: 3,200 sqft.+++ (signalized corner) • Floor to Ceiling Windows throughout – TO 750K Term Length: 3-10 years (negotiable) Central Atrium Lease Type: Bank branch site Rate Type: NNN Also - ofﬁ ce/retail from 3.50 Available: Immediately Contact: Arun Bhumitra, Armitra Properties Email: [email protected] Phone: (310) 994-7400 Steve Warshauer Originally 15 Million - property can now be purchased for 9.5 Million! 888-895-7535 Ext 225

RETAIL SPACE COMMERCIAL ADDRESS: 2137 W 182nd St, Torrance CA 90504 Available Space: 1039 sqft Location: Nijiya Plaza Term Lease: 4 year Rate Type: NNN COMMERICAL PROPERTY FOR LEASE Useage: Beauty Salon, Beauty Supply, Yogurtland, Barber Shop, Golf Store, Video Game Store Available: Immediately- Last One Left Website: www.nijiyaplaza.com ADDRESS: 22905 S Vermont Ave, Torrance CA 90502 EXECUTIVE SUITE Available Space: 15,500 sq ft Supermarket Bldg. For Lease In Torrance/Harbor Gateway Area ADDRESS: 2161 W 182nd St #103, Torrance CA 90504 Term Length: 20 year Rate Type: $1.99 sqft + NNN Available Space: 533 sqft Rate Type: Gross Lease Useage: Supermarket, Drug Store, Automotive Super Store, Medical Use Potential Available: Immediately - Lots of Visability, Corner Ofﬁ ce Bldg, Signage Avail Available: Immediately Contact: Patsy Palos 310-532-2111 ext 3039 Email: [email protected] Contact: Patsy Palos 310-532-2111 ext 3039 Email: [email protected] TOUR OUR WEBSITE: www.nijiyaplaza.com 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

28 LOS ANGELES BUSINESS JOURNAL SEPTEMBER 19, 2011 BUSINESS MARKETPLACE EVENT ANNOUNCEMENTS BUSINESS SERVICES

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SEPTEMBER 19, 2011 LOS ANGELES BUSINESS JOURNAL 29 BUSINESS MARKETPLACE AUCTION FINANCIAL SERVICES Absolute! Commercial Auction FOR SALE Monthly income stream of $1,250.00 CARRIAGE BARN ANTIQUES Per month from $300,000 1st Trust Deed SATURDAY, OCTOBER 8 AT 11 A.M. PST Seasoned 6 years Negotiable Open House: Saturday, September 24 from 10:00 a.m. to Noon Private Party - Call 213-975-0232 #/ # RFP # # THE CITY OF SANTA MONICA # IS INVITING PROPOSALS On Interstate-10 with major off-ramp TO LEASE RESTAURANT SPACE Elaine Odiam, Broker, # ON THE SANTA MONICA PIER License #00660574 ( ) * The City of Santa Monica seeks proposals from interested, experienced, and qual- + , "- ./ .$&01+2+ iﬁ ed restaurant operators to lease a space on the Santa Monica Pier to operate a restaurant offering lunch and dinner with alcohol service and evening music and 34 *& ) ) % entertainment. The business plan of the prospective Operator’s restaurant con- $ %5) / .$ % 6 cept should expand upon and enhance the current offerings on the Pier. The lease space is at 256 Santa Monica Pier and is approximately 4,309 square feet that consists of 3,366 square feet of interior space and 943 square feet of outdoor !" !$ % & & ' dining space. To download the RFP, please go to: http://www.smgov.net/Departments/HED/Economic_Development/Space_and_ Opportunities/Spaces_and_Opportunities_Available.aspx, or call Donna Rickman, Project Manager, at (310) 458-8906 to request this package. Proposals are due by no later than 4:00 p.m. on Wednesday, October 12, 2011. They may be delivered by mail or by hand to the City of Santa Monica Eco- nomic Development Division, 1901 Main Street, Suite E, Santa Monica, CA 90405.

Request for Proposals For Sale of Properties & Commercial Development Project at Former Police Department Site (Corner of West 126th Street and Grevillea Avenue) and 12601 to 12617 Hawthorne Boulevard At the City Of Hawthorne To be eligible for consideration, ten (10) sets of complete RFP submit- tal packets and one electronic version (PDF format) must be delivered to the City of Hawthorne City Clerk’s ofﬁ ce by 4:00 pm, Wednesday, October 26, 2011. Please contact Gregg McClain, Acting Planning Director, at (310) 349 2975 or at [email protected], for additional information and complete copy of this RFP. Deadline for inquiries is on Tuesday, October 11, 2011. Any addenda to this RFP that may be issued will become incorporated into the RFP.

LEGAL NOTICES

Fictitious Name Statement File No. (2011080603)

The following company is doing business as KMW Enterprises, 117 W 9th St. # 104, Los Angeles, CA 90015. This business is being conducted by 1) William Kessler, 11337 Thurston CR, Los Angeles, CA 90049. 2) Phyllis Kessler, 11337 Thurston CR, Los Angeles, CA 90049. 3) Halina Wachtel, 2142 Century Park LN, # 416, Los Angeles, CA 90069. 4) Suzette Wachtel 2131 Century Park Lane #416, Los Angeles, CA 90067. 5) Arthur K Wachtel, 975 Greenhill Rd, Mill Valley CA 94941, 6) Wachtel Atip Trust, 2142 Century Park Ln, #416, Los Angeles, CA 90067. This statement was filed with the County Clerk of Los Angeles on August 11, 2011. Published on, 8-29-11, 9-5-11, 9-12-11, 9-19-11. Notice - this fictitious business name statement expires on, August 11, 2016. A new fictitious business name statement must be filed prior August 11,2016, The filing of this statement does not itself authorize the use in this state of a fictitious business name in violation of the rights of another under federal, state, or common law (see section 14400 ET SEQ, business and professional code). 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

30 LOS ANGELES BUSINESS JOURNAL SEPTEMBER 19, 2011 BUSINESS MARKETPLACE LEGAL SERVICES

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SEPTEMBER 19, 2011 LOS ANGELES BUSINESS JOURNAL 31 Advertising: Pet Projects Get Agency’s Dime, Time produced a docu- ney and partner at Drinker Biddle & Reath in Continued from page 1 mentary called “Free downtown Los Angeles, said allowing Throw” in collabora- employees to work on their own projects with to a sideline business. Although WDCW may tion with the agency. company equipment and on company time be one of the few local businesses to have such The movie is about raises numerous liability issues. an arrangement, some elsewhere are experi- students at Compton “Alarm bells go off in my head when I hear menting with the concept. High School who this,” she said. Scott Knaul, vice president at consulting firm participated in a bas- Sager noted that for outsiders, it might be Workforce Insight in Denver, said there are sim- ketball-shooting con- unclear when the employee is representing the ilar programs at Apple Inc. and Google Inc. test to win a college agency versus his or her own blog, for exam- “The CEO is differentiating his organiza- scholarship. ple. If the outside project were to engage in tion from others and becomes the employer of Crandall plans to discrimination or unfair business practices, the choice,” Knaul said of the approach. enter “Free Throw” agency could be held responsible. Also, mix- WDCW strives for a free-spirited culture; in film festivals, ing personal and company projects at the the company stores its advertising awards in starting with Sun- office could lead to charges of time sheet falsi- garbage cans to show its unconventional atti- dance in January. If fication or violation of break rules. tude. But Wiener maintains the management the movie finds a “It hasn’t happened yet, but this could be an RINGO H.W. CHIU/LABJ approach gives his agency tangible competi- On the Side: From left, WDCW’s Brianne Burrowes, Ben Wiener. distributor and even- example of no good deed going unpunished,” tive advantages. tually makes a profit, she said. “If one person gets upset, that could “It’s not kooky; it’s enlightened self-inter- Typically Wiener allows them to spend limited WDCW and outside investors will share the ruin it for everybody.” est,” he said. “Our clients are seeing a return time and resources from work – such as getting money. Wiener said legal contracts at early stages on this investment because we are getting advice from colleagues or some computer pro- The movie has already produced some non- of brainstorming aren’t practical. smarter as marketers.” gramming help – to get started. In return, he financial returns. When the winning student in “We’re not going to bootstrap an idea and A challenge for agencies is this, Wiener expects nonmonetary benefits such as access to the contest landed a basketball scholarship to then spend $40,000 on legal documents,” he said: Clients want creative and never-before- contacts or data generated from the project. The Cal State Northridge, he decided to split the said. seen marketing campaigns, but they demand to employees usually maintain complete owner- $40,000 prize money with the other finalists. Knaul, the consultant, said such a program see a track record ahead of time to be assured ship and control of their projects. That story was covered by the Los Angeles isn’t right for all companies. that their campaign will work. By allowing For example, Justin Johnson started coffee Times, Yahoo News, CBS, ESPN and CNN, “You need the right culture and right peo- creatives to test ideas for marketing campaigns distribution site OregonCoastCoffee.com. and included mentions of WDCW. ple,” he said. “Management has to be more hard on their real-world projects, the agency can Another employee, Brianne Burrowes, owns a In addition to “Free Throw,” the agency has line than a regular company in terms of dead- show customers at least some results. website for career women named IWantHer- a majority stake in career guidance site lines and expectations or it can turn into chaos.” WDCW, formerly named WongDoody, is Job.com. The agency offered some design and CareerSparx.com and minority stakes in sev- Wiener recalled that when he first started still client driven. (Clients include T-Mobile, online marketing expertise. eral other ventures. Agreements with employ- in the advertising industry, the attitude was ESPN, Alaska Airlines, Cedars-Sinai and the “The only capital we’re putting in is our ees are verbal. that the agency owned the employee and all Los Angeles Philharmonic.) labor, and in return we get a real perspective Wiener keeps tabs on how much agency time his or her ideas. But that model has changed, “We have never missed a deadline, never on the e-commerce business,” Wiener said. is spent on outside projects, and he establishes and he believes the shift will be felt in other let a client down,” Wiener said. “Everyone If the coffee enterprise becomes profitable, deadlines and parameters just like paid work for industries. puts these projects in their proper priority. Johnson gets to keep the money. clients. He said it’s too early to know whether or “Anybody who needs to recruit and retain They aren’t as important as what we do for However, some ideas require such a large not these projects will become profitable. talented people will face the need to change clients, but they aren’t just hobbies. This is commitment of time or other resources that the employer-employee relationship,” he said. how we keep our edge.” Wiener takes an equity stake in the business – ‘Alarm bells’ “The larger the company, the greater the need An employee begins a sideline project by and would claim a share of any profits. Not all are as sanguine as Wiener. for structure. But the problem of how to going to Wiener’s cubicle to discuss it with him. Court Crandall, the “C” in WDCW, has Heather Sager, an employment law attor- encourage creativity is relevant to everybody.” EVENT

The role of in-house counsel has never been more important or more Luncheon & Awards Ceremony: visible as companies face increasingly complex legal and regulatory October 19, 2011 challenges. The Los Angeles Business Journal would like to acknowl- 11:00 a.m. - 1:30 p.m. edge the signiﬁcant role that in-house counsel plays in the success of Millennium Biltmore Hotel a business enterprise and recognize the accomplishments of leading 506 S. Grand Ave., Los Angeles, CA 90071 in-house attorneys within the Los Angeles business community. Candidates in each category will be recognized for exceptional legal skill To register to attend this event please visit and achievement across the full spectrum of in-house responsibility, ex- www.labusinessjournal.com/bizevents, emplary leadership as evidenced by the highest professional and ethical or contact Marissa De La Cruz at 323.549.5225 ext. 213 standards, and for contributions to the Los Angeles community at large. email: [email protected]

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32 LOS ANGELES BUSINESS JOURNAL SEPTEMBER 19, 2011

City officials are being cautious in responding to Joint Treasure. This would be the third try to develop the site since Federated Department Stores sold it to New Pacific Realty in 2004 for $23.5 million and closed the Robinsons-May store in 2006.

Still on Drawing Boards: Above, renderings for the luxury condo project in Beverly Hills. RINGO H.W. CHIU/LABJ Real Estate: Asian Owners Step Into Condo Project focused on global real estate. It is made up of been much of a success anyway. It was esti- Of course, it’s unknown how strong the Continued from page 1 Singapore’s Wee Cho Yaw family, which mated that with such high land and develop- market will be for condos that come on line in invests in banks, commercial properties and ment costs, even the cheapest condo would 2015. Several nearby luxury projects built dur- to speak about it. hotels; Hong Kong billionaire Cheng Yu- have to sell for $4 million, with many going ing the housing boom continue to struggle and The property is considered perhaps L.A.’s tung’s property development company, Chow for $10 million or more – pricey even by Bev- it may be years before their units are absorbed. most conspicuous and desirable development Tai Fook Group; and David Chiu, operator of erly Hills’ standards. Among the most prominent is the Century, site, since it is near the bustling Beverly Hills commercial property developer Far East Con- Joint Treasure’s project is poised to come a 140-unit condo complex on Avenue of the intersection of Wilshire and Santa Monica sortium International Ltd. in at a lower cost. The price for the land and Stars in Century City built by Related Cos. boulevards. In the United States, Joint Treasure owns entitled project together was nearly $350 mil- that opened in 2010. The 41-story oval tower The plan for the 9900 Wilshire Blvd. proper- the New York Four Seasons and two high-end lion less than what the Candy brothers paid for has seen the notable sale of its two-story pent- ty, which was approved in 2008 when it was multifamily buildings in that city in addition to the land alone. In addition, construction costs house to Candy Spelling for $12 million. But owned by Candy & Candy Inc., includes two the Beverly Wilshire. have fallen since the project was first pro- the unit is only one of about 20 that have been buildings with 235 condos, and more than Joint Treasure representatives did not posed. As a result, some condos could sell for sold and the price was significantly reduced 16,000 square feet of retail and restaurant space. respond to calls or e-mails. under $2 million. from the $47 million she had agreed to pay in If Joint Treasure does not significantly alter One source said the new owners also may 2008 before the economy bombed. the plans, the owners would only need con- New marketing pare back some of the amenities, such as a pro- The Carlyle on Wilshire, a 24-story, 78-unit struction and other minor permits to move for- The latest plan, though it retains the Meier posed private bowling alley. Even so, the complex opened last year, saw many of its ward – assuming Joint Treasure can get financ- design, is being marketed differently than how planned amenities include a communal wine units converted to apartments after less than ing. In 2008, Candy & Candy estimated con- it was envisioned by Candy & Candy, a com- cellar, a ballroom, a high-end fitness and spa, half were sold. The 35-unit Beverly West near struction costs at more than $600 million. pany operated by English billionaire brothers and full concierge service. the Los Angeles Country Club opened last Joint Treasure acquired the property last Christian and Nicholas Candy. What’s more, the developers are targeting year but still sits empty. year for $148 million from Banco Inbursa, a The London firm specialized in high-end wealthy Asians who often do business in Los Doing the best so far is the Montage Bever- bank run by Mexican billionaire Carlos Slim design, management and development, making Angeles and want a second home here, a market ly Hills, which has sold more than half of its that had foreclosed on Candy & Candy, a fam- a name for itself with such projects as One that Joint Treasure is far from the first to tap. 20 units after hitting the market in 2009. Its ily-run London development company. That Hyde Park, a 70,000-square-foot ultraluxury The $165 million Solair Wilshire, a 22- location on several floors above the five-star price was far below the eye-widening $500 condo complex that is among the most expen- story mixed-use tower with 186 condos and Montage hotel in the heart of Beverly Hills million that Candy & Candy, along with a sive in the world. shops above a subway stop on Wilshire Boule- gives it an advantage. Three units have sold for partner, paid in 2007. The Beverly Hills development would have vard in Koreatown, opened in 2009. It targets more than $10 million each. City officials are being cautious in respond- been the Candys’ first major project in the Korean-American and Korean nationals, and Can Joint Treasure take equal advantage of ing to Joint Treasure. This would be the third United States. The brothers planned on mar- was boosted by a 2006 South Korean govern- the Beverly Hills address and one of L.A.’s try to develop the site since Federated keting the condos to wealthy Europeans and ment decision to raise to $1 million the amount most prominent development sites? Department Stores sold it to New Pacific other foreigners looking to buy second homes its nationals could spend on foreign real estate. Broker Stephen Shapiro, chairman of West- Realty in 2004 for $23.5 million and closed in Beverly Hills. More than half of the condos have been sold at side Estate Agency, a high-end residential broker- the Robinsons-May store in 2006. New Pacif- However, their partner, Reykjavik, Ice- prices between about $500,000 and $2 million. age in Beverly Hills, said that remains to be seen. ic, a Beverly Hills developer, also proposed to land’s Kaupthing Bank, racked up huge debts “It’s always nice to have Beverly Hills at build luxury mid-rise condos, but then sold off in high-risk real estate loans and investments, Mixed-use the tail end of your address, but does it have the parcel to Candy & Candy near the height and collapsed in 2008 when the financial crisis Meanwhile in downtown Los Angeles, great monetary value? I don’t know. You have of the market. hit. After the bank was nationalized, it aban- Korean Air and Thomas Properties Group a lot of property to absorb,” Shapiro said. “The “It would be wonderful if it were devel- doned the deal and Candy & Candy lost its have teamed up to build a $1.2 billion mixed- developer mentality is they are always thinking oped, but it’s not here until it’s here,” said money partner, ultimately defaulting on a $365 use project, scheduled to open in 2015, at the about how business is going to be great three Susan Healy Keene, Beverly Hills director of million acquisition loan. site of the Wilshire Grand hotel. They plan a or four years down the line; that the demand is community development. At the time, few in the local real estate 65-story office building and 45-story tower going to be there. But we saw how quickly that Joint Treasure is a private-equity firm community thought the project would have with 650 hotel rooms and up to 100 condos. demand turned.” 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

SEPTEMBER 19, 2011 LOS ANGELES BUSINESS JOURNAL 33 Stocks: Coffee Firm’s Investors Brewed Up Trouble? in the hundreds of millions of dollars?” he Continued from page 1 said. “Yes, on the one hand, because we’re Jammin Java Corp. (OTC BB: JAMN.OB) such an early development stage company. But scheme. That’s when fraudsters hype up a isn’t the stock market really about future Beverly HIlls FRI. CLOSE, PAST 5 WKS company with misleading or false information 0.9 expectations?” and then sell shares – dump them – at the CEO: Brent Toevs 0.8 inflated price. Employees: 5 0.7 Prime grounds The investigation was disclosed earlier this 0.6 However, the Over-the-Counter market for Market Cap: $46.8 million month in a lawsuit filed on behalf of unnamed 0.5 penny stocks is prime ground for fraudsters to Sept. 14: $0.63 0.4 individuals seeking to block the SEC from P/E: N/A rip off investors, whether working alone or in 0.3 accessing e-mail account information of the stock EPS: $0.00 8/12 8/19 8/26 9/2 9/9 concert with a company. promoters. In a response, SEC officials revealed Source: Yahoo Finance Devin Donohue, a partner at downtown they had launched the investigation after the Marley L.A. law firm Palmer Lombardi & Donohue stock hit its all-time high, raising concerns LLP who has defended companies in SEC investors were victims of a pump-and-dump. investigations, said it’s not uncommon for “The increase in Jammin Java’s share price The company originally had nothing to do deals, marketing, and really generating rev- third parties to pull off such schemes without occurred notwithstanding the fact that … Jammin with coffee or Bob Marley. It was founded in enues only in the last two quarters,” Tran said. the company’s knowledge. Java was a shell company that had generated no 2004 as Global Electronic Recovery Corp., an The company reported $28,000 in sales in “If the company can prove that they were revenues and had an accumulated deficit of L.A. recycler of electronic waste. It never real- the first quarter, but Tran said he expects that not at all connected with the promoters, they’ll $511,760,” the SEC wrote in its legal response to ly got off the ground. In 2008, Marley became to grow quickly. likely escape any liability in the case,” Dono- the lawsuit filed in Oakland federal court. involved, joining the company as a director. Indeed, last month was full of big news for hue said. “The investigators are going to look But Jammin Java officers say it’s a legiti- The original founders left, and the company the company. It brought in coffee industry vet- at every single e-mail between the executives mate growth company and that the stock pro- switched to selling coffee and changed its eran Brent Toevs as its new chief executive. It of Jammin Java over some period of time to motion was the work of a third party. They name to Marley Coffee, then later to Jammin also signed a distribution deal with First try to find out if there’s a connection, and the point to a public filing submitted days before Java Corp. in 2009. It sells coffee under both Choice Coffee Services, a subsidiary of Tokyo timing of their filing with the SEC is going to the stock hit its high in which the company the Jammin Java and Marley Coffee labels. holding company Daiohs Corp. The agree- be important.” warned investors of “unauthorized and unaffil- Rohan Marley has used the family name for ment, which Jammin Java valued at $2.5 mil- Last month, in challenging subpoenas iated Internet stock promoters.” other entrepreneurial interests, including a lion, includes a commitment to sell 1,000 Mar- that the SEC investigators had issued to “It made us worried about the marketplace clothing line, Tuff Gong. He and other mem- ley Coffee-branded brewing machines by First Google to gather more information about e- in general and prompted us to say, ‘Whatever bers of the Marley family also won a jury trial Choice, which distributes coffee to offices on mail accounts used by the alleged stock pro- you hear out there is not coming from us,’ ” earlier this year in a legal battle against a the West Coast. moters, the plaintiffs claimed their First said President Anh Tran, who served as the Nevada clothing company that used unlicensed But just as things looked like they were Amendment rights to free anonymous company’s chief executive until last month. images of Bob Marley. rolling, the SEC investigation was publicly speech were being violated. Rohan Marley, the company’s chairman Jammin Java has only seriously geared up disclosed by Bloomberg News, which report- The SEC has countered that fraud is not and largest stock holder, was traveling out of for sales recently, said Tran, who came on ed on the lawsuit this month. Shares closed at shielded by the First Amendment, and Dono- the country and was not made available for board in May of last year. Though its products 63 cents last Thursday, at one-tenth of the hue said such evidence likely is essential to the comment. But he issued a press release this are sold online on sites such as Amazon, the May peak. investigation. month stating that “we have fully cooperated company is turning its attention to the office Tran said the company is taking the allega- “If they don’t have the names of individuals with the SEC investigation and hope to see any coffee service market, competing with vendors tions very seriously, but added that there is whom they can point to and say, ‘These are the wrongdoers identified and prosecuted to the such as Starbucks and Peet’s. good reason for investors to be excited about criminal promoters,’ it seems like it would be fullest extent of the law.” “I spent a lot of time with the Marleys and the company. tougher to draw the link to Jammin Java and SEC officials did not return a call for comment. Rohan building the website, doing distribution “Was it surprising that our market cap was their executives,” he said.

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34 LOS ANGELES BUSINESS JOURNAL SEPTEMBER 19, 2011 Hospitality: Burkle Sees Room in Hotel Business

Continued from page 1

The Wilshire, which sought bankruptcy protection earlier this year amid a tax dispute with the city of Los Angeles, is a 12-story, 385-room midprice hotel on Wilshire Boule- vard near Normandie Avenue. It was purchased for $35 million in an all-cash deal that closed last month, according to a Sept. 1 bankruptcy filing by the previous owner, Majestic Towers Inc. Burkle has been stepping up his investments in the hotel sector as the industry recov- ers from the recession, said Lloyd Greif, chief executive at downtown L.A. investment banking firm Greif & Co. and a longtime friend and adviser to Burkle. “He made a lot of money in the supermarket space, and there’s not a lot of boutique plays in the space anymore,” Greif said. “At this point, he’s got a lot of money to invest and that’s why you see him branching out into the other industries and he’s leveraging his expertise in real estate.” Burkle, who ranked No. 5 on the Business Journal’s list of Wealthiest Angelenos in May with a net worth of $4.3 billion, checked in to the hotel industry two years ago when an affiliate of Yucaipa invested $75 million in New York hotel developer and operator Morgans Hotel Group. More recently, Burkle raised his profile in the space by taking a seat on Mor- gans’ board and increasing Yucaipa’s stake in the company. Until a few years ago, he was best known for leveraged buyouts of grocery stores. But in recent years, Burkle has acquired stakes in PHOTOS BY RINGO H.W. CHIU/LABJ such companies as bookstore chain Barnes & Rooms With a View: Above, exterior of the Wilshire Hotel in Koreatown. Below, customers check in at the hotel’s lobby. Noble and struggling downtown L.A. apparel attractive investment. maker and retailer American Apparel Inc. “It’s a beautiful piece of architecture and Even though Burkle has expanded his hold- the rooms have great views” he said. “A lot of ings, he hasn’t changed his strategy of invest- people overlooked it because it’s not in a ing in distressed assets, Greif said. prime location for hospitality, but we think “The one thing that ties it together is oppor- there’s a real opportunity because the neigh- tunistic investing,” he said. “You are looking borhood is dense with nighttime activities.” at a difficult economy when hospitality and Over the past two decades, Koreatown has leisure has been hit hard. If you’ve got liquidi- evolved from a high-vacancy zone to a ty and deal smarts, it creates opportunity for bustling center of high-rise luxury condos and some attractive investments.” apartments with new shopping centers. But the L.A.’s hotel industry was hit hard by the neighborhood lacks a higher-end hotel to recession, but is now in recovery mode. The accommodate affluent Koreans traveling to occupancy rate at Los Angeles County hotels Los Angeles for business or pleasure, Zobler’s rose 2.3 percent to 81 percent in June com- target demographic. pared with the same month last year, according “We hope to pick up a lot of that Korean to the most recent data from San Francisco- business, which is being displaced to other based Colliers PKF Consulting USA. Rev- neighborhoods because there are no state-of- enue per available room, a key metric of the the-art hotels in Koreatown,” said Zobler, who industry’s health, jumped 7 percent to $120.93 noted that the hotel’s sale has received a fair in June compared with the same month last amount of press in Korean newspapers. year. He wants to reposition the hotel, which “Things have been steadily improving in hasn’t been renovated in years, as a lifestyle Los Angeles, which is widely regarded as one hotel that’ll compete with such properties as of the top 10 investment markets for hotels,” the Standard in downtown, and Hollywood’s said Jim Butler, a partner and chairman of the Redbury and Hollywood Roosevelt. global hospitality group at Century City law Plans call for a $30 million, nine-month firm Jeffer Mangels Butler & Mitchell LLP. facelift. The design will be influenced by Korean styles. Bathrooms will be renovated, Korean cool deal to restore workers’ wages and benefits. equity partners. In June, Sydell and Yucaipa new furniture put in rooms and public spaces The Wilshire’s previous owner, Majestic “For a long time, there were two big prob- made their first deal under the venture by tak- remodeled. The hotel’s restaurants will also be Towers, filed for bankruptcy protection in lems that plagued this hotel: They owed a lot ing a stake in New York’s NoMad Hotel, a revamped. Sydell will operate the hotel as an April. Several days before the filing, city offi- of back occupancy taxes to the city and they long-delayed project in the North Madison independent brand. cials sent two sheriff’s deputies to the hotel’s had a terrible relationship with the union,” Square Park neighborhood, an area that’s But turning the Wilshire into a destination lobby to collect nearly $3.5 million in unpaid said Andrew Zobler, chief executive at undergoing redevelopment. for Los Angeles won’t be easy. transit occupancy taxes, known as bed taxes. Sydell, which specializes in repositioning Sydell and Yucaipa then made a play for “The challenge that they all face is building The tax dispute has yet to be resolved, accord- hotel properties such as an out-of-date the Wilshire, beating out another bidder. The name recognition, a brand and target market ing to bankruptcy documents. Howard Johnson in Palm Springs that it partners bought the property at what will be a appeal,” Lugosi said. “When you go into an The hotel had faced financial difficulties turned into the trendy Ace Hotel. bargain price if their transformation plans isolated market like that, you are starting from since Majestic Towers purchased the property Zobler was looking for a capital partner, work out. The $35 million tab translates to fresh, building your brand. And whatever in 2006 because the wages and benefits of the and teamed up with Burkle when it was clear about $91,000 a room. By comparison, Mon- brand that is, it takes time and money.” hotel’s unionized work force were “unduly that the latter was looking to invest in the hos- drian Los Angeles – which is the style they’re Zobler said the biggest challenge will be burdensome relative to the hotel’s monthly pitality space. targeting – sold for $137 million, about striking a balance in catering to both Korean income,” according to Majestic Tower’s bank- “This is a new niche for Ron and until he $580,000 a room, in May. and non-Korean guests. He wants to match the ruptcy filings. gets his sea legs, I see him approaching it with “This is an example of someone not being renovation to the needs of the guests and the Most significantly, Majestic Towers and pre- partners,” Greif said. “He can leverage time afraid to take on a project that’s a turnaround possibilities of the building. vious owners of the hotel had strained relations and money better that way.” situation with upside potential,” said Jeff “We try to do something related to the real with the union that represents hotel workers. Sydell and Yucaipa then formed a joint Lugosi, a senior vice president at the down- estate and the physical building and the neigh- But Sydell and Yucaipa, which purchased the venture, which was announced in June and is town L.A. office of Colliers PKF. borhood where it’s located,” he said, “We property through a limited liability company, planning to invest between $600 million and Zobler said the hotel’s proximity to down- don’t come to the property with a precon- Sydell Wilshire LLC, have inked a tentative $1 billion in hotels. The venture may include town, Hollywood and subway stops made it an ceived idea of what we do.” 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

SEPTEMBER 19, 2011 LOS ANGELES BUSINESS JOURNAL 35 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 SEPTEMBER 19, 2011

L.A. BIZ SEEN Los Angeles business events 1a. From left, California Treasurer 1a 1b Bill Lockyer speaks with Jill Banks Barad, Jill Barad & Associ- ates principal, and Los Angeles City Councilwoman Jan Perry at the Valley Industry and Commerce Association’s Aug. 30 Leaders Forum at the Beverly Garland Holiday Inn in North Hollywood.

1b. From left, Lockyer speaks with Steve Nissen, NBC Universal vice president, at the VICA event.

2. From left, Michael J. Plonsker, Robins Kaplan Miller & Ciresi LLP partner, and Charles Harder, Wolf Rifkin Shapiro Schulman & Rabkin LLP partner, at an Aug. 25 authors reception for the new book “Enter- tainment Litigation” at Robins Kaplan’s Century City ofﬁ ce. Plon- sker contributed a chapter to the book; Harder edited the book. 2 3a 3a. From left, West Hollywood City Manager Paul Arevalo; Sarah Robarts, Ballantines PR president; and former West Hollywood Mayor John Heilman; with a Jaguar outside the 3.1 Phillip Lim store during the Aug. 27 Structures & Style tour of West Hollywood. The event was a beneﬁ t for the West Holly- wood Community Housing Corp.

3b. Eventgoers at the Church boutique during the Structures & Style tour, which spotlighted retail fashion design and architecture concepts.

PHOTO BY JOSHUA BARASH 3c. Tour participants visit the HNLR 3b 3c boutique. 4. The Business Journal’s hon- orees for CFOs of the Year at the Sept. 7 luncheon at the Millennium Biltmore hotel in downtown Los Angeles. From left, Ross Lands- baum, ReachLocal Inc.; Michael Nishi, Innovative Dining Group; Miguel Santana, city of Los Ange- les; Sonhui Robilotta, Exceptional Children’s Foundation; Jim Kruse, CB Richard Ellis Group Inc. senior managing director; and Brad Ramberg, Beachbody LLC. Kruse accepted on behalf of Gil Borok.

PHOTO BY JOSHUA BARASH PHOTO BY JOSHUA BARASH 4

L.A. Biz Seen publishes photographs of business-related events in Los Angeles, including parties, awards dinners, benefits and other celebrations. Please e-mail photographs to [email protected] with “photographs” in the subject line. Please include contact information. Compiled by Tom Hicks 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

SEPTEMBER 19, 2011 INDEX LOS ANGELES BUSINESS JOURNAL 37

‘People broke into ‘We play games ‘I’m kind of a nerd. tears when I told with some of the I like learning. them we were former players Homework can be closing.’ who go back a hobby for me.’ ROD DYER there.’ DR. DAVID T. Pane e Vino, SCOTT LONDON, FEINBERG, PAGE 3 KPMG LLP, on UCLA Health System, Dodgers spring training, PAGE 15 PAGE 3

PEOPLE Crowley, Steven ...... 12 Haskell, John ...... 38 McCarthy, Jim ...... 3 Saydjari, Sami ...... 7 Healy Keene, Susan ...... 1/32 McCarty, Scott ...... 8 Schappel, Mark ...... 7 D Howell, Barbara ...... 38 Meier, Richard ...... 1/32 Shapiro, Stephen ...... 1/32 A Dennis, Michele ...... 5 Merluzeau, Michel ...... 10 Shilton, Albert ...... 26 J Ahn, John ...... 6 Donohue, Devin ...... 1/33 Micek, John ...... 6 Shriver, Maria ...... 15/16 Dyer, Rod ...... 3 Johnson, Justin ...... 1/31 Mishurda, Neil ...... 8 Armstrong, R. Douglas ...... 4 Slim, Carlos ...... 1/32 Jones, Steve ...... 5 Mitchell, Joseph ...... 15/16 Solorio, Jose ...... 5 B E Munoz, Sally ...... 12 Staran, Michael ...... 6 Berry, Halle ...... 3 Erving, Julius ...... 3 K Biondi, Jim ...... 8 Kaplowitz, Andy ...... 5 N F Kenworthy, Paul ...... 26 T Boesel, John ...... 6 Nese, John ...... 3 Farrar, Tim ...... 10 Keyser, Robert ...... 4 Taylor, Deon ...... 3 Bray, Robert ...... 12 Feinberg, Andrea ...... 15/16 Knaul, Scott ...... 1/31 P Tellem, Susan ...... 38 Brown, Jerry ...... 14 Feinberg, David T...... 15/16 Knirk, Erik ...... 8 Pacquiao, Manny ...... 3 Toevs, Brent ...... 1/33 Buffett, Warren ...... 38 Finke, Nikki ...... 14 Paik, Mike ...... 39 Tran, Anh ...... 1/33 Burke, Michael ...... 5 L Pentikis, Dean ...... 4 Burkle, Ron ...... 1/34 G Lefkowitz, Howard ...... 10 Perry, Louis ...... 3 W Butler, Jim ...... 1/34 Garcia, Cesar M...... 12 Limongelli, Victor ...... 7 Peterson, Jacqueline ...... 3 Walshe, Andy ...... 12 Garcia, Mike ...... 5 London, Scott ...... 3 Plaga, Barry ...... 7 Wiener, Ben ...... 1/31 C Garland, Peter ...... 3 Lugosi, Jeff ...... 1/34 Prendergast, Jerry ...... 3 Williams, Billy Dee ...... 3 Candy, Christian ...... 1/32 Gore, Al ...... 3 Candy, Nicholas ...... 1/32 Greenhouse, David ...... 6 M R Williams, Lori ...... 38 Chandler, Harry B...... 39 Greif, Lloyd ...... 1/34 Maginn, Jim ...... 4 Roski, Ed Jr...... 38 Willis, Bruce ...... 3 Chou, Andrew B...... 38 Guidon, John ...... 10 Mann, Michael ...... 3 Rothenberg, Alan ...... 3 Colbert, John ...... 7 Marciano, Paul ...... 3 Z Connors, Robert ...... 5 H Marley, Rohan ...... 1/33 S Zeller, Patrick ...... 7 Crandall, Court ...... 1/31 Hartman, John ...... 26 Marxe, Austin ...... 6 Sager, Heather ...... 1/31 Zobler, Andrew ...... 1/34

COMPANIES, Cedars-Sinai Medical Center ...... 1/31 Guess Inc...... 3 Morgans Hotel Group Co...... 1/34 Sydell Group ...... 1/34 Charles Dunn Co...... 26 Guidance Software Inc...... 7 Sydell Wilshire LLC ...... 1/34 ASSOCIATIONS, ETC. Chow Tai Fook Group ...... 1/32 N CloudFloor ...... 4 H NBCUniversal Media LLC ...... 10 T Coda Holdings ...... 14 Hollywood Reporter ...... 14 Netflix Inc...... 10 Tekesta Capital Partners ...... 4 1 - 9 Colliers PKF Consulting USA ...... 1/34 Hollywood Roosevelt Hotel ...... 1/34 NetJets Inc...... 4 Tellem Worldwide ...... 38 20th Century Fox Film Corp...... 10 Continental Airlines Inc...... 10 HughesNet ...... 10 New Pacific Realty ...... 1/32 Tetra Tech Inc...... 14 Crossroads Media Inc...... 4 Hulu LLC ...... 10 NoMad Hotel ...... 1/34 Thomas Properties Group ...... 1/32 A CrowdGather Inc...... 14 Ticketmaster Inc...... 3 AAA ...... 4 Crustacean ...... 3 I O TMF Associates ...... 10 ABA Classics ...... 3 Cyber Defense Agency LLC ...... 7 Iris International Inc...... 12 O Empreiteiro ...... 5 T-Mobile USA Inc...... 1/31 Ace Hotel ...... 1/34 Oaktree Capital Management ...... 14 Tribune Co...... 1/31 Aecom Technology Corp...... 5 D J Oregon Coast Coffee ...... 1/31 Tuff Gong Clothing LLC ...... 1/33 Air Canada ...... 10 Daimler Trucks North America LLC ...... 6 Jacobs Engineering Group Inc...... 5 AirTran Airways Inc...... 10 Daiohs Corp...... 1/33 Jakks Pacific Inc...... 14 P U Alaska Air Group Inc...... 1/31 Data Forte Corp...... 7 Jammin Java Corp...... 1/33 Palmer Lombardi & Donohue LLP . . . .1/33 UCLA Health System ...... 15/16 Alaska Airlines Inc...... 10 Deadline.com ...... 14 Jeffer Mangels Pane e Vino ...... 3 United Air Lines Inc...... 10 American Apparel Inc...... 1/34 Delta Air Lines Inc...... 10 Butler & Mitchell LLP ...... 1/34 Penske Media Corp...... 14 United Parcel Anschutz Entertainment Group . . . .14, 38 DISC Sports & Spine Center ...... 12 JigoCity ...... 4 Pepperdine University ...... 15/16 Service of America Inc...... 6 Astrum Investment Management ...... 26 Drinker Biddle & Reath LLP ...... 1/31 Joint Treasure International ...... 1/32 Port of Long Beach ...... 14 Universal Protection Service ...... 5 Port of Los Angeles ...... 14 Universal Studios ...... 10 B E K Prendergast & Associates ...... 3 University of California, B. Riley & Co. Inc...... 6 Electric Vehicles International ...... 6 Kadima Security Services ...... 3 Prometheus Global Media ...... 14 Los Angeles ...... 15/16 Ball Corp...... 8 EnergyCS ...... 14 Kaupthing Bank ...... 1/32 Pro-telligent LLC...... 14 US Airways Inc...... 10 Banco Inbursa ...... 1/32 Enova Systems Inc...... 6 Kohlberg Kravis Roberts & Co...... 4 Protiviti Inc...... 7 Barclays Capital Inc...... 5 Everbridge Inc...... 4 Kor Group ...... 26 V Barnes & Noble Inc...... 1/34 Korean Air Lines Co. Ltd...... 1/32 R Virco Manufacturing Corp...... 14 Benchmark Co. LLC ...... 7 F KPMG LLP ...... 3 Red Bull GmbH ...... 12 Virgin America Inc...... 10 Bertelsmann AG ...... 4 Far East Consortium Red Bull North America Inc...... 12 BH Vineland ...... 26 International Ltd...... 1/32 L Redbury ...... 1/34 W BlackboardEats ...... 3 Farmer Bros. Co...... 14 La Scala ...... 3 Related Cos...... 1/32 Walt Disney Co...... 1/31, 10 BMG Rights Management ...... 4 FAW Group Corp...... 6 Lever Apartments LP ...... 26 Reynolds Metals Co...... 8 Warner Bros. Entertainment Inc...... 10 Bug Holdings Inc...... 4 Federated Department Stores ...... 1/32 Los Angeles County Ronald Reagan Watt Cos...... 4 Bug Music Inc...... 4 Fluor Corp...... 5 Board of Supervisors ...... 14 UCLA Medical Center ...... 15/16 WDCW ...... 1/31 Building Owners and Managers Foster Wheeler AG ...... 5 Los Angeles County Economic Row 44 Inc...... 10 Westlake Village Inn ...... 4 Association of Greater Los Angeles . . . . .5 Fremont Associates ...... 8 Development Corp...... 8 Westmount Asset Burbank Temporary Aid Center ...... 38 FriendFinder Networks Inc...... 4 Los Angeles Dodgers ...... 3 S Management LLC ...... 38 Frito-Lay North America Inc...... 6 Los Angeles Philharmonic Association 1/31 Securities and WestPark Capital Inc...... 4 C Los Angeles River Revitalization Corp. . .39 Exchange Commission ...... 1/33 Westside Estate Agency ...... 1/32 Cable News Network Inc...... 1/31 G Los Angeles Slam ...... 3 SEIU United Service Workers West ...... 5 Wilshire Hotel ...... 1/34 California Legislature ...... 14 G2 Solutions LLC ...... 10 LW and Associates ...... 38 Smith Electric Vehicles ...... 6 Workforce Insight Inc...... 1/31 California State Giggle ...... 4 SoCal Swish ...... 3 University Northridge ...... 1/31 Glendale Adventist Medical Center . . . . .12 M Sony Corp...... 7 X Calstart ...... 6 GoGo Inflight Internet ...... 10 Maguire Aviation Group LLC ...... 4 Sony Online Entertainment LLC ...... 7 Xebec Realty Partners ...... 8 Candy & Candy Inc...... 1/32 Goldstar Events ...... 3 Majestic Towers Inc...... 1/34 Southwest Airlines Co...... 10 CareerBuilder.com ...... 12 Greif & Co...... 1/34 Meta Housing Corp...... 26 Spectrum Equity Investors ...... 4 Y CareerSparx.com ...... 1/31 Groupon Inc...... 3 Mondrian Los Angeles ...... 1/34 Standard Hotel ...... 1/34 Yahoo Inc...... 1/31 CBS Corp...... 1/31 Grubb & Ellis Co...... 8 Moorpark Dart LLC ...... 26 Stifel Nicolaus & Co. Inc...... 5 Yucaipa Cos. LLC ...... 1/34

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38 LOS ANGELES BUSINESS JOURNAL COMMENTARY SEPTEMBER 19, 2011 LOS ANGELES BUSINESS JOURNAL ® Little Relief From Big Government 5700 WILSHIRE BLVD., SUITE 170, LOS ANGELES, CA 90036 HOULD the Anschutz Entertainment Group years-long legal process to resolve any challenges (Did someone say “General Electric”?) (323) 549-5225 FAX 549-5255 get a bit of relief from the state’s environ- under the California Environmental Quality Act. Warren Buffett actually seemed indignant that he www.labusinessjournal.com mental law to build a football stadium in Roski, who is proposing a competing football sta- has a lower tax rate than his secretary. But why so? S PUBLISHER & CEO downtown Los Angeles? dium in the City of Industry, got a better deal: a He’s the one able to buy favors and special tax excep- MATTHEW A. TOLEDO That question has been bandied broader exemption from CEQA.) tions from Washington. Not his secretary. That’s the [email protected] | ext. 207 about lately on local radio, at coffee I’m making generalizations here, direct and obvious and inevitable result of a big, com- shops and in newspapers because the but it seems to me that many of the plicated tax code created by big government. The big EDITOR CHARLES CRUMPLEY Legislature passed a proposal to do same folks who are so indignant about government he loves and benefits from. [email protected] | ext. 208 just that. (At press time, the bill await- these alleged abuses seem to be the There’s a simple solution. Washington could DESIGN DIRECTOR ROBERT LANDRY ed the governor’s signature or veto.) same folks who love big government. create a new tax code. A few clear, simple tax [email protected] | ext. 243 And it’s a provocative question. Big government “solutions.” Big laws rates. A few – and I mean few – deductions and MANAGING EDITOR LAURENCE DARMIENTO For the record, let’s dispense with like CEQA. Big bureaucracies. And exemptions. No loopholes. Make sure the whole [email protected] | ext. 200 my own opinion: No, AEG shouldn’t these folks seem clueless that big gov- thing fits on a half-page. Washington could do that DEPUTY MANAGING EDITOR get special treatment. AEG’s stadium ernments are the ones that force big before lunch. (But I don’t think Buffett would be STEVE SILKIN proposal appears to be a good and companies to pay fealty to them. And pleased with his new tax bill.) [email protected] | ext. 229 NEWSDESK EDITOR generous one, but that doesn’t merit COMMENT they like it that way – the big govern- Much the same is true with CEQA. It is a big and TOM HICKS any fast-tracking of the state’s envi- ment people (including the politically complicated law that has created a perverse system [email protected] | ext. 223 ronmental legal process. The law’s the connected pressure groups) that get in which smaller developers get ground down by the REPORTERS CHARLES RICHARD CLOUGH law, and even though I sympathize bought out as well as the big compa- long, expensive process but big ones can lobby their [email protected] | ext. 251 CRUMPLEY DEBORAH CROWE with businesses that complain how nies that can afford to buy some spe- way out. And the political folks and the pressure [email protected] | ext. 232 onerous the law is, it should apply cial break. groups that benefit from it love it that way. HOWARD FINE equally to all. I mean, what are these people indignant about? And for the record, while I don’t like the fact [email protected] | ext. 227 ALEXA HYLAND What’s interesting to me is that many of those To have big businesses lobbying and currying big that AEG has positioned itself for special treat- [email protected] | ext. 235 who have engaged in the little civic debate over the government is the direct result of the big government, I’m not indignant about it. AEG simply NATALIE JARVEY [email protected] | ext. 230 question seemed to be indignant. Their main point: ment system they love. I dare say, it’s the desired played the game that Sacramento imposed on it. JAMES RUFUS KOREN It’s unfair that a powerful, wealthy and well-con- result. And let’s be clear. There is a simple solution to [email protected] | ext. 225 ALFRED LEE nected developer like AEG can run to Sacramento Look at the federal tax code. It’s not the medi- CEQA. Sacramento could fix it before lunch. [email protected] | ext. 221 and get a little break. That’s an abuse of power, um-size or small companies but the big companies JONATHAN POLAKOFF that buy their way out of taxes by lobbying Wash- Charles Crumpley is editor of the [email protected] | ext. 239 they say. And the break that Ed Roski Jr. got earli- JOEL RUSSELL er was a greater abuse of wealth and power. (AEG ington to give them breaks. It’s a cozy relationship Business Journal. He can be reached at [email protected] | ext. 237 JACQUELYN RYAN persuaded elected types to fast-track the often that Washington loves as much as big companies. [email protected]. [email protected] | ext. 228 CHIEF EDITORIAL PHOTOGRAPHER RINGO H.W. CHIU [email protected] | ext. 256 LABJ FORUM RESEARCH DIRECTOR DAVID NUSBAUM [email protected] | ext. 236 Los Angeles County’s unemployment rate Do you think local businesses VICE PRESIDENT OF ADVERTISING JOSH SCHIMMELS Back remains in the double digits and higher than the will create jobs by the end of [email protected] | ext. 218 national rate. So the Business Journal asks: the year? ASSOCIATE SALES MANAGER DARRIN SENNOTT [email protected] | ext. 220 to Work? ADVERTISING ACCOUNT MANAGERS NAZ BAYAZIT [email protected] | ext. 253 SUSAN TELLEM JOHN HASKELL opportunities and some hiring on a small scale. ERIC HENEGAR [email protected] | ext. 252 Partner Founder-Consultant However, there simply has not been enough eco- LATOYA KNIGHT Tellem Worldwide Dr. Revenue nomic expansion for companies to aggressively [email protected] | ext. 214 BILL MOIR Not a chance. Employers, No, absolutely not. There is nothing going on in increase payroll at this time. [email protected] | ext. 216 like me, have turned to tempo- any segment of the L.A. economy that makes me ROSZ MURRAY rary or freelance help rather optimistic. The city and state are so totally antibusi- ANDREW B. CHOU [email protected] | ext. 215 HECTOR QUINTANA than staffing up. The economy ness, so focused on taxation as some sort of divine Senior Portfolio Manager [email protected] | ext. 240 is just too darn unstable and right that there is no growth and no sign of a change Westmount Asset Management LLC JIM SLATER [email protected] | ext. 209 Obama’s job proposal is in the environment. If I had a business these days, I Yes, but mostly in the service sector and other SPECIAL EVENTS/ absolutely not going to help. would be focused on getting out of California. low-wage jobs. According to a state study commis- ADVERTISING COORDINATOR Why would I hire an employee sioned in late 2010, most of the jobs being created MARISSA DE LA CRUZ to get a $4,000 break when I LORI WILLIAMS are in health, or community and social service- [email protected] | ext. 213 Tellem don’t need another employee? Chief Strategist related fields, which unfortunately do not pay a PRODUCTION ARTISTS SALLY FOSTER LW and Associates whole lot. [email protected] | ext. 212 BARBARA HOWELL There will be year-end seasonal employment PATTY TSAI-CHU [email protected] | ext. 242 Executive Director CIRCULATION DIRECTOR Burbank Temporary Aid Center MICHAEL LEVINE I don’t know if the job market is going to [email protected] | ext. 247 improve. Many things will have to fall into place if CUSTOMER SERVICE LE MILLHAUSER that is to happen. I only know that our local busi- [email protected] | ext. 245 ness community and area governments need to find ZAINABU BRYANT [email protected] | ext. 244 ways to create more jobs. NEW BUSINESS DEVELOPMENT REPRESENTATIVE JEFF LYON [email protected] | ext. 210 Los Angeles Business Journal Poll CONTROLLER What is your company’s job outlook for the NANCY SCHWARTZ [email protected] | ext. 202 rest of the year? ACCOUNTS RECEIVABLE We will SPECIALIST lose jobs. PATRICIA A. BENSON [email protected] | ext. 231 ASSISTANTS TO THE PUBLISHER 25% BETH THERIAC [email protected] | ext. 249 PAUL KNEZEVIC [email protected] | ext. 203

41% RECEPTIONIST ERIN SCHAUER 34% [email protected] | ext. 270

We will We will stand pat. create positions. CITY BUSINESS JOURNALS Online results for week ended Sept. 14 NETWORK 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

SEPTEMBER 19, 2011 COMMENTARY LOS ANGELES BUSINESS JOURNAL 39 Running Off Business? Proposed State Rainwater Rules Investing in Los Angeles River Just Drops in Regulation Bucket Offers Alternative to More Fees By MIKE PAIK is raining is ridiculous. It would be far better By HARRY B. CHANDLER to enforcement of the rules and laws that exist to have bulk or regional treatment of water for their protection. HE present and proposed regulations from storm drains. The economics of treating OWARD Fine’s article on the state’s But today we still have work to do. regarding water runoff are a mixture of water are well established. We don’t build proposed rainwater runoff rules Despite our past efforts, we are not where we T good requirements, poor requirements separate sewage treatment plants on each H makes the point that business will be need to be to comply with federal laws on the and ridiculous requirements. It’s important for property; we gather the effluent and treat it in hit hard by any increase in fees, especially in quality of our water. Decades of paving over advocates and regulators to decide if they large plants. This is because of a principle of a down economy. But it does not have to be L.A. neighborhoods has increased storm want results – less pollution in the ocean – or economics called “economy of scale.” that way. water runoff that carries harmful pollutants just want to push businesses around. Also, treating runoff water only when it is The law requires all of us to take respon- through the historic Los Angeles River to the Yes, stopping pollution at the source is raining is almost impossible. Does anyone sibility for protecting our rivers, streams, coast. In both dry and wet weather, our good. It’s far easier to stop pollution than to really imagine that every property owner will beaches and ocean. Storm water fees are a runoff goes to the river, sometimes treated remediate it. It’s far cheaper to stop pollution be able to keep the equipment instantly ready critical part of that protection as they fund and sometimes not. versus trying to remove it from a large volume to work and that it will operate correctly when larger infrastructure projects that individuals But in difficult times, we must find cre- of water, regardless of who is paying the bill. it rains? It does not rain much in Los Angeles, and businesses cannot accomplish on their ative solutions, not give up the fight. In regards to stopping pollution at the but when it does, it rains hard and fast. Most own. By investing in the natural capacity of source, it’s ridiculous that nothing is done of the time the equipment will sit around And we have seen the return on our invest- rivers like our own L.A. River to filter harm- about all the used car oil that ends up in the doing nothing (a recipe for breakdowns) and ment. It was not too long ago that pollution ful pollutants, we can shift the focus from storm drain. We have a state redemption pro- individual businesses to the waterway itself, gram on recyclable soda cans and bottles. It and in turn revitalize the river as an engine for would make a lot of sense to have an incentive economic and environmental development. Why burden small businesses with costly infrastructure when we have a large river TWO VIEWS infrastructure already in place? Funding large transformative projects will An article headlined “Rainwater Rules to provide a visible return to our investment in Soak L.A. Businesses?” in the Aug. 22 issue cleaning our storm water instead of a faceless dealt with state proposals that may require fee that so many businesses feel. This has some businesses to capture and clean rain- worked before in pilot projects around Los water before it runs off their property. This Angeles and in full-scale projects in other would particularly affect the many industrial cities. properties, truck yards and the like in Los Angeles County. Here are two of the Green streets responses generated by that article. Imagine a system of green streets captur- ing and cleaning water before sending it back to the river. Returning the L.A. River to a fee for the return of used motor oil. There are more natural state will help us clean our hundreds of thousands of people in Los Ange- storm water, protect our water supply, pro- les who dump used motor oil in the storm vide needed open space for recreation, and drains because there is no incentive to do other- create the environment for future economic wise and because it’s impossible to police the development and job creation along revital- activity. So forget fines for individuals – put an ized river corridors. incentive for good behavior in place. It’s not We can see the seeds of this already as a going to be perfect but doing nothing is worse. program to tour the L.A. River by kayak Testing runoff water for pollution is good. kicked off last month and sold out all its sum- Requiring every business property owner to do mer sessions on the first day. And already it themselves is silly, a recipe for failure. Many along the river, there is biking, horse riding, good business owners do not have the skills to bird watching and fishing happening daily. do it correctly. You can require every owner to (See TheLARiver.com for more.) have runoff testing done by a testing organiza- The battle is not zero-sum between busi- tion. You can and should have regulatory over- ness and the environment. By thinking strate- sight of the test firms to ensure quality results, gically, we can help our environment and also correct methodology and cost-effectiveness. drive greater investment. We did it before by It’s ridiculous that the business property cleaning up our beaches and we can do the owner is responsible for water than runs onto same by using our L.A. River to help us meet his property and then off his property. If the our environmental responsibility. pollution is occurring uphill, then he has no control. Holding a landowner responsible for then it will be overwhelmed by the rate of from storm drains and rivers made our local Harry B. Chandler is co-chairman of the Los polluted water he cannot control may or may flow. What about operating personnel? Are beaches places to avoid. It was an embarrass- Angeles River Revitalization Corp., which was not be legal, but it certainly is not going to be they going to be available any time – I repeat, ment to a region that derives so much of its established by the Los Angeles City Council very effective. any time – it rains? economic power from its location by the and the Mayor’s Office as a non-profit What about runoff from residential proper- A better idea would be to use partially water. Now our beaches are back, largely due separate from the city. ty? Isn’t pollution in the ocean still pollution if treated water (toilet to tap for example) to it comes from the property of a voter rather flush runoff from property and storm drains than a business? What would you guess is the into processing plants on a regular basis. Engi- How to reach us ratio of residential to business property? If res- neers already design plants for that and the idential acreage is the majority, then how is treatment would be far more effective than LETTERS: Please keep your letters less than 150 words. Include your name, address ignoring it going to be helpful in solving this treating only rain water during storms. Since and daytime phone number on all submissions. We reserve the right to edit letters for issue? that kind of water flush would be planned, the brevity and taste. equipment can be operated by trained person- E-mail: [email protected] Nonbusiness properties nel without excessive overtime. GUEST OPINIONS: Op-ed pieces must be 700 to 800 words and on topics about the What about nonbusiness properties? Is So a little thinking big. Treat waste water L.A. business there really zero pollution in the runoff from and use it to flush storm drains. Build that dis- community. Please submit op-ed ideas to the parking lots at the Los Angeles Memorial tribution infrastructure. Divert the storm drain [email protected]. Coliseum, Los Angeles City Hall and Los water and treat it in regional plants. Build CIRCULATION: If you didn’t receive your paper, would like to start a subscription or Angeles International Airport? How about those plants. Mitigate all sources of pollution are interested in back issues, please call (323) 549-5225 and ask for circulation. streets and freeways? If we are after results, with measures that work – not just measures shouldn’t these potential pollution sources that poll well. Create and implement those REPRINT INFORMATION: If you would like the also be tested and treated? If preventing runoff measures. Business Journal to design a reprint of a past story, please call YGS Group at (717) 399- pollution is important, then the runoff from all I’ll close with my opening: Is this about 1900, ext. 176. types of property should be considered! results or is this about power? ADVERTISING: If you would like information on advertising rates or other information Trying to treat the runoff from each busi- please call (323) 549-5225 and ask for advertising. ness property, on each property, only when it Mike Paik is an engineer in Montebello. 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Contents Previous Page Zoom In Zoom Out Next Page

40 LOS ANGELES BUSINESS JOURNAL SEPTEMBER 19, 2011

“First Republic is a respected financial institution with an entrepreneurial spirit.”

RICK CARUSO, CHIEF EXECUTIVE OFFICER CARUSO AFFILIATED

private banking • wealth management • brokerage • trust

1-877-743-7777 • www.firstrepublic.com • new york stock exchange symbol: frc • member fdic brokerage services provided through first republic securities co., llc. member finra/sipc 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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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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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.