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labusinessjournal.com LOS ANGELES BUSINESS JOURNAL Volume 33, Number 33 THE COMMUNITY OF BUSINESSTM August 15 - 21, 2011 • $3.00 Up Redevelopments Front ComingUp Short Look, up in the Wider Berth sky: It’s a mini- GOVERNMENT: Money now copter shooting real estate owed state may kill CRA projects. photos. PAGE 3 By HOWARD FINE Staff Reporter

From mixed-use projects in Koreatown and China- town to a massive office and hotel complex in Mon- rovia, dozens of redevelopment projects across Los Angeles County are on life support. The projects are threatened as redevelopment agencies throughout the county and the state grapple with a new California law that forces them to pay millions of dollars a year to the state or face dissolution. The uncertainty has several developers considering News & whether to pull out of the projects and is forcing other Analysis developers to dig deeper into their own pockets. “This is a terrible frustration for us,” said Blaine Fetter, principal with Samuelson & Fetter, a Mon- rovia commercial developer that is trying to build a

Please see GOVERNMENT page 55 Market Pulls Rug

Jakks isn’t just From Under IPOs? playing around with its Monsuno TECH: L.A.-area firms’ public line of toys. PAGE 5 plans disrupted by fluctuations. RINGO H.W. CHIU/LABJ Pier Review: Managing Director Robert Kanter at Port of Long Beach’s Pier S. By NATALIE JARVEY Staff Reporter People Long Beach port plans growth to keep cargo hold The wild gyrations of the stock market last week did more than just spook investors, they unsettled L.A. By JAMES RUFUS KOREN Staff Reporter Long Beach or Los Angeles ports in more than a technology companies hoping to take advantage of decade. And it’s a project that is starting to move what had been the booming IPO market. TACKS of cargo containers, huge gantry forward even though the expansion of the Panama At least eight local tech companies are seen as can- cranes and long stretches of railroad tracks Canal is expected to draw cargo to East Coast didates for an initial public offering in the near future, Sseem to cover every bit of real estate at the ports and away from Long Beach in coming years. including online legal document provider Legal- Port of Long Beach. But while the expanded canal could change tra- Zoom.com Inc., people search engine MyLife and But northwest of the Gerald Desmond Bridge ditional shipping patterns, port officials are relying online retailer BeachMint. But if the markets don’t there is a vast 160-acre stretch of empty land – on the old adage that the best defense is a good stabilize soon, those companies might lose their win- Pier S, the last big piece of undeveloped property offense. They say Pier S and other expansion and dow for a public debut. Why Jacques at the port complex. modernization projects are the best bets to ensure “No one wants to catch a falling knife,” said Ivan Stambouli It’s the site of what is planned to be the first Nikkhoo, managing director of Santa Monica mer- drove a forklift completely new terminal to open at either the Please see TRANSPORT page 54 after graduating Please see TECH page 56 from Harvard. PAGE 14 Local Businessman Courts NBA Fame MAIL TO: nating with last week’s blockbuster $300 million INVESTMENT: Buying Hawks acquisition, Meruelo has vaulted into the ranks of a big jump for Alex Meruelo. L.A.’s elite dealmakers – overshadowing his own brother, Richard, a downtown L.A. developer. By RICHARD CLOUGH Staff Reporter Even in Downey, local leaders say, Meruelo is far from well known, but this year alone he has engi- An L.A. resident is the newest owner of a pro neered the acquisitions of a hotel-casino, TV station sports team. But it isn’t Alan Casden, Eli Broad or and major food distributor. Ed Roski, despite endless chatter about their inter- “You look at his track record and there’s a lot to ests in various franchises. admire in it,” said Marc Ganis, president of sports Instead, it’s Alex Meruelo, a low-profile pizza- business consulting firm SportsCorps in Chicago. chain owner and investor out of Downey, who sur- “Look at all the different businesses and industries prised many last week when he was unmasked as he’s gone into, and he’s been able to make a success

the buyer of the Atlanta Hawks basketball team. RINGO H.W. CHIU/LABJ Indeed, after a series of high-profile deals culmi- Please see INVESTMENT page 56 Feathers in His Cap: New Hawks owner Meruelo.

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2 LOS ANGELES BUSINESS JOURNAL AUGUST 15, 2011

LOS ANGELES BUSINESS JOURNAL ®

AUGUST 15 - 21, 2011 VOLUME 33, NUMBER 33 At Grant Thornton, we understand the complex business issues facing your industry. Our professionals work to keep you informed of tomorrow’s issues today.

Passion for serving clients, industry specialization and partner involvement have been the hallmark of Grant Thornton Page 3: At right, Dr. Kym Mitchell with four-legged friend at Montrose Pet Hospital. LLP in the U.S. for more than 80 years. Plus, you get the benefit of Grant Thornton International member firms in LIQUIDATION – Great American adopts ON THE COVER more than 100 countries. Contact Joel Anik, Managing new strategies as bankruptcy business Partner, at 213.596.3484 or [email protected]. Visit us at INVESTMENT – Downey businessman slows...... 7 GrantThornton.com and find out how it feels to work with BEVERAGES Alex Meruelo has taken wing with his – MD Drinks’ trendy people who love what they do! nutraceutical line proves to have the right purchase of the NBA’s Atlanta Hawks. prescription for acquisition...... 8 TRANSPORT – Officials hope to anchor Columns & features – Media Watch 10, Long Beach port as a prime cargo handler by Banking & Finance 11, Retail & Apparel building a terminal at Pier S. 11, News of the Week 12 GOVERNMENT – The state’s hunt for more money could cost county several PEOPLE

Grant Thornton refers to Grant Thornton LLP, the U.S. member ﬁrm of Grant Thornton International Ltd, an organization of independently owned and managed accounting and consulting ﬁrms. redevelopment projects. (Sidebar – Funding squeeze could flatten affordable housing INTERVIEW – Harvard Business grad developments. Page 55) Jacques Stambouli had some lessons to learn when he launched his wholesale business. 14 TECH – The stock market’s wild ride may Fisher & Phillips Value lead some local IPO-primed firms to sit it out THE LIST for a while. Atlanta Charlotte RANKING – The 100 largest women-owned Chicago UP FRONT businesses in Los Angeles County, ranked by Cleveland 2010 revenue...... 39 Columbia ART – Blacklots 24-hour online auctions put Dallas collectors on the clock...... 3 Denver INVESTMENTS & FINANCE Fort Lauderdale REAL ESTATE – Broker Bill Kerbox is high Columns & features – LABJ Stock Index Houston on using minihelicopters to shoot video of his 46, Econowatch 48 Irvine coastal properties...... 3 Kansas City Many law firms talk about value as if it’s a new VETERINARY – Montrose Pet Hospital has Las Vegas REAL ESTATE concept. At Fisher & Phillips LLP, our commitment Los Angeles collared more customers from its appearance to value dates back to the founding of the 444 South Flower Street in an AT&T TV commercial...... 3 Columns & features – Real Estate firm nearly 70 years ago. So how do we provide Suite 1590 this value? Los Angeles, CA 90071 Columns & features – Page 3, Regional Column 49 phone: (213) 330-4500 Report 4 We do only one thing: Represent employers in labor toll free: (866) 424-2168 and employment matters. You benefit from our deep fax: (213) 330-4501 COMMENTARY and broad expertise in the area of the law we Louisville NEWS & ANALYSIS COMMENT – Charles Crumpley wants the know best. New England New Jersey MANUFACTURING – Toymaker Jakks is state to shelve a measure that would get in the Our attorneys treat your legal problems as business way of more superstores...... 58 New Orleans making a play for global conquest with its problems, and help you avoid legal disputes. We are Orlando GOVERNMENT – Michele Dennis hopes new line, Monsuno...... 5 responsive, we are economical, and we reward Philadelphia California locks out a proposed worker- our associates for quality work, not just for billable Phoenix VIDEO GAMES – THQ pulls plug on studios hours. We are national and local, with attorneys in retention law for building staff...... 59 Portland and 200 employees in a turnaround effort that 25 offices around the U.S. TRANSIT – Lisa Korbatov doesn’t dig the San Diego hasn’t swayed investors...... 5 San Francisco Century City Chamber of Commerce’s For more on the Fisher & Phillips Value Statement, go Tampa RETAIL – American Apparel looks like it’s subway stance...... 59 to www.laborlawyers.com/value. Washington, DC fashioning a comeback out of stores-in-stores Columns & features – LABJ Forum 58, and online retail partnerships...... 6 Letter 59

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AUGUST 15, 2011 UP FRONT LOS ANGELES BUSINESS JOURNAL 3 Giving Real Estate Sales a Lift? Broker uses minicopter to record videos of coastal properties. Real estate agents are always looking to get a leg up on their rivals, and for Bill Kerbox that has meant way, way up. The agent at Westside Estate Agency recently hired a helicopter to shoot film of his Malibu and Pacific Palisades In Control: Bill Kerbox with remote and chopper. listings after deciding still pho- tographs weren’t doing the job. The choppers, which have shots,” said Giancarlo Ushel- “We needed to stand out six rotors and can hover 400 la, a company partner who RINGO H.W. CHIU/LABJ from our competitors and we felt feet in the air, shoot video that controls the camera while a On the Clock: From left, CJ Little and Minor Childers at Blacklots in Santa Monica. this was a great way to do that,” Kerbox posts online at billker- colleague flies the helicopter. said Kerbox, who works out of box.xom. At $1,000 for unedit- So far, Kerbox has had aerial painful process. We want to an invitation from someone the agency’s Malibu office. ed footage, the cost is a fraction videos taken of two homes in Reframing start to get people more com- who’s already a member. Now, here’s the really of hiring a regular helicopter. the Palisades and a luxury Mal- Online fortable collecting and get After the sale, a Blacklots unusual part: The helicopter is The Malibu company orig- ibu condo complex. He’s opti- them to consume art in a way salesperson contacts the win- not much bigger than a toy. inally built the helicopters to mistic the footage will work. Auction that they probably are not,” ning bidder for payment and Kerbox contracted with provide a cheaper alternative “It’s too early to know for said Little, a tech entrepreneur then arranges shipment. The HeliMalibu, a company that for independent filmmakers sure, but we’ve gotten a better Time always runs out who founded the site with company takes a 7 percent makes hand-built miniature who wanted to get aerial quality of calls from prospec- on Blacklots’ 24-hour entertainment executive commission fee from both the helicopters that are navigated videos, but have since tive buyers so far. And the artwork sales. Minor Childers and Rodman buyer and seller, a fraction of by remote control, and are expanded to other industries. quality of the videos is continu- Primack, former chairman of the 25 percent fee auction outfitted with GPS software “High-end real estate ing to get better,” he said. Flash sales on the Internet London auction house houses typically charge. and HD cameras. doesn’t have many aerial – Deniz Koray offer great deals on the latest Phillips de Pury & Co. Upcoming auctions will True Religion jeans if you buy The website is focused on include work from Stella and fast enough. Now, how about the secondary art market, Swedish sculptor Claes Old- Mitchell said publicity from treated at the hospital. getting a similar deal on a work meaning it only auctions art enburg. The company plans to Commercial the commercial caused a Mitchell said some pet of art, perhaps one by Ameri- from collectors, not from artists expand to prints and rare Appeal noticeable spike in visits from owners had been customers can painter Frank Stella? or galleries. With sales ranging books in the next few months. pet owners. where she used to practice, In a twist on the flash-sale from $1,000 to $25,000, the Online art sales have Appearance in AT&T “It’s a once-in-a-lifetime but they didn’t know she had concept, auction site Black- pieces are typically smaller become increasingly popular spot boosts profile of opportunity. A typical small opened a hospital in Montrose lots launched last month and works from prominent artists. and Blacklots has far from local pet hospital. business could never pay for until they saw her on TV. offers contemporary art at low Among the pieces recently cornered the market. Artnet, a this kind of advertising,” she Meanwhile, employees commission rates during 24- sold are works by Japanese New York-based website that The folks at Montrose Pet said. “Montrose is a small who appeared in the ad have hour sales. painter Takashi Murakami posts auction results and Hospital know the benefits of community, and we are the been recognized at local CJ Little, Blacklots’ co- and American photographer gallery listings, has started its fame – however fleeting. talk of the town.” restaurants and stores. founder, said the Santa Moni- Gregory Crewdson. own auctions. In addition, The hospital appears in a The ad shows how veteri- “The effect on morale is ca site aims to broaden the art Blacklots conducts auctions, startups such as Munich’s new national 30-second TV narians download X-rays and great,” said Mitchell. market to would-be collectors which start at noon every week- ArtCollectorsClub ask art commercial for AT&T after communicate with office staff The hospital closed all day who find the process of buy- day and run for 24 hours, much experts to put together online being one of the first busi- on AT&T phones for more for filming June 14, with ing through an auction house like they would on eBay. How- exhibitions of pieces that web- nesses to sign up for the carri- efficient care for the AT&T paying the business its intimidating. ever, bidders must apply for site members can purchase. er’s new wireless service. menagerie of dogs, birds, projected revenue for the day. “This shouldn’t be a access to the website or receive – Natalie Jarvey Co-owner Dr. Kym snakes, cats and pigs that are – Joel Russell

Family Man’s Full House

You think you’ve got balancing issues pleted an agreement to merge his company with The new Santa Moni- between work and family. Consider local insur- PAGE 3 a Chatsworth insurance company. He’s now chief ca club, Grand Master ance exec Jim Scanlon. He and his wife, Mau- executive of the combined company. Cycling, has been quite a reen, have 11 children: eight daughters and three CHARLES CRUMPLEY Just five days later, he walked his 22-year-old success. Not only has it sons, ages 6 through 27. daughter Madeline – or as he says, “No. 3” – attracted more than 100 “You see, I’m adopted and had no immediate down the aisle in the first of what he expects will members since its found- blood family, no aunts or uncles or anything,” Oh, and if you thought putting kids through col- be a nonstop series of weddings. ing, but has been chosen Scanlon, 52, said. “So I wanted to have a large lege was expensive: Scanlon says he’s paid for 14 “Our eldest daughter just got engaged last to be the official club family. But no question, it’s been challenging.” years of college for his children and has 30 to go. month and her wedding is set for next year,” he said. sponsor of the cycling How challenging? Imagine having to set up Scanlon is chief executive of Scanlon Guerra competition at the 2013 an Excel spreadsheet just to keep track of each Burke Insurance Brokers, a Woodland Hills com- Age Appropriate Senior Olympics to be Lemmon child’s after-school games and practice sessions. mercial insurance brokerage founded by his To be sure, broker Duncan Lemmon is a held in Cleveland. Then there’s each child’s 16th birthday present: father in 1964. cycling fanatic. Lemmon competed in the 2009 Senior They get a car, but they also get carpool duty to This month, Scanlon had work-family balanc- The 61-year-old president of Lee & Associ- Olympics, placing sixth in a 20K road race with take some of the load off mom and dad. ing issues like never before. On Aug. 1, he com- ates West Los Angeles gets up five or six morn- an average speed of more than 22 miles an hour. ings a week to ride for an hour or two, usually Not bad for a senior citizen. logging 125 to 150 miles a week. So after he started the new club, he connect- But even for a guy as fit as Lemmon, being ed again with his Senior Olympics contacts, who age appropriate can have its rewards. invited Grand Master to take over management After competing for years against 20- and 30- of the cycling competition, including timing the somethings in his local bicycling group, Lemmon event and handing out the medals. decided last year to found a club for riders 50 “This exceeded our wildest expectations and and older. has continued to blossom. We’re excited, but I “A lot of people who are 50 don’t want to ride don’t feel that I’m a senior,” he said with a chuckle. (competitively) with a 25-year-old all the time. They want to do a ride with a group that’s about Staff reporters Howard Fine and Jacquelyn Ryan going out and enjoying a bike ride,” said the Santa contributed to this column. Page 3 is compiled Monica resident, who rides a Willier Cento1, an by Editor Charles Crumpley. He can be reached at Big Brood: Scanlon, next to groom, with family at daughter Madeline’s wedding. Italian racing bike that cost him $10,000. [email protected]. 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Content Previous Page Zoom In Zoom Out Next Page

4 LOS ANGELES BUSINESS JOURNAL UP FRONT AUGUST 15, 2011

News and notes from communities across REGIONAL REPORT Los Angeles County

tion is the result of a Justice Department stipu- CENTRAL AREA lation allowing the merger of Hypercom and VeriFone Systems Inc., a San Jose-based point-of-sale services company. Financial DOWNTOWN LOS ANGELES terms of the deal were not disclosed.

Digging In: Aecom Technology Corp., a downtown L.A.-based engineering services company, has received a $10 million design and construction contract for Cleveland’s Dugway CORRECTION West Interceptor Relief Sewer. The $66 million project is scheduled for completion in 2016. The article headlined “No Concessions for Movie Theater?” in the July 25 issue incorrectly stated that the theaters in the SAN FERNANDO VALLEY Beverly Center are open. They were closed last year.

VAN NUYS

Moving In: Regency Theatres, a national cinema chain owned by Knoxville, Tenn.-based Westwood: UCLA School of Law, which received a $10 million donation. Regional Report Regal Entertainment Group, is rolling into the To be considered for publication, Regional Plant 16 Cinemas in Van Nuys, replacing Bur- Global Investment: Ares Management WESTWOOD Report submissions should be e-mailed to: bank-based chain Mann Theatres. Regency has LLC, a Century City investment firm, has signed a 10-year lease for 72,200 square feet at signed an agreement to acquire Indicus Advi- Charity Case: UCLA School of Law has [email protected] the Plant retail center, at 7888 Van Nuys Blvd. sors, a London investment firm. Financial terms received a $10 million gift from L.A. philan- Business news from companies in Los Ange- Financial terms of the deal were not disclosed. of the deal were not disclosed and the agree- thropist Lowell Milken, No. 37 on the Busi- les County or nearby areas is listed on the ment is subject to U.K. regulatory approval. ness Journal’s List of Wealthiest Angelenos. page. Please be sure that press releases The gift, the largest in the school’s history, specify the name of the city and the name of WESTSIDE came as part of the Campaign for UCLA the company along with the description of BEVERLY HILLS School of Law $100 million fundraising the news. Submissions are evaluated on the drive. The $10 million puts the school over basis of company size and the significance of CENTURY CITY New Page: Platinum Equity, a Beverly its fundraising goal and will establish the the announcement. The Business Journal Hills private-equity firm, has acquired Quark Lowell Milken Institute for Business Law tries to include as many listings as possible, Pro Bono Salute: Greenberg Glusker, an Inc., a Denver developer of page-layout soft- and Policy. but some may not be published due to space entertainment and real estate law firm in Century ware for print and other publications. Platinum, limitations. City, has been named Pro Bono Firm of the Year controlled by billionaire Tom Gores, said it Hooked Up: Gores Group, a Westwood Please address all inquiries to the e-mail by Bet Tzedek, an L.A. legal services non-profit. plans to expand the breadth and depth of private-equity firm, has agreed to acquire the address above. If you do not receive a Greenberg was honored for its volunteer work on Quark’s product line, and also use the company U.S. sales terminal business of Hypercom response in a timely manner, the firm’s Small Claims Project, Holocaust repa- as a vehicle to acquire compatible companies. Corp., a Scottsdale, Ariz., maker of secure call (323) 549-5225, ext. 229. ration matters and individual pro bono matters. Financial terms of the deal were not disclosed. point-of-transaction sale devices. The transac-

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AUGUST 15, 2011 NEWS&ANALYSIS LOS ANGELES BUSINESS JOURNAL 5 Playing It Up MANUFACTURING: Jakks lines up trading cards, TV show to launch toy franchise.

By ALEXA HYLAND Staff Reporter ing a Monsuno story line and characters with the help of Man ALIBU’S Jakks Pacific Inc. has long of Action, an entertainment had success as a niche toymaker development firm with offices M licensing well-loved characters such in Los Angeles and New York as Pokemon, SpongeBob SquarePants and that created the Cartoon Net- Hannah Montana. work’s popular shows “Ben 10” Now, the company is more than playing and “Generator Rex.” around with a new strategy. Once the concept was Jakks is developing its first major home- mature, Jakks executives start- grown entertainment franchise called Mon- ed reaching out to other compa- suno, featuring a group of kids battling evil nies. Dentsu is co-producing forces bent on destruction of the Earth. The the TV show and distributing company is set to launch Monsuno in spring the program in Asia; London- with a Nickelodeon cartoon, trading cards – based Fremantle is handling the and, of course, toys. The goal is to make Mon- remaining worldwide distribu- suno a multimillion-dollar worldwide hit. tion of the show’s ancillary It’s a major shift for Jakks, which generates licensing rights; and Topps is the majority of its revenue not only from licensed co-producing the show and toys but also established brands purchased from licensing the brand for trading smaller toy companies. While the company has cards, candy and more. Nick- been developing some its own brands, including elodeon will be showing the Girl Gourmet and SpyNet, those haven’t been cartoon for at least a year. packaged with a TV show and trading cards. Berman said Michael Eisner, “They have yet to have one stick and become Monster Debut?: Images from Jakks’ upcoming Nickelodeon cartoon. the former Walt Disney Co. chief the next Barbie or Hot Wheels or Nerf, and executive who’s now chairman at maybe this could be it,” said Gerrick Johnson, a ucts in mind, not just action figures or dolls, but Jakks has been well aware of the evolution New York-based Topps, liked the Monsuno proto- research analyst at New York financial services also movies, cartoons, Internet games and trading for some time, and began looking to develop types so much he had Topps invest in the brand. firm BMO Capital Markets who follows Jakks. cards. Mattel Inc.’s Monster High line and Has- the next big toy for boys about two years ago. Jakks is looking at Monsuno as the first long- In preparing to launch Monsuno, the toy- bro Inc.’s Transformers are two such lines. After meeting with independent inventors term effort to grow a substantial business from its maker is not going alone. It has partnered with There’s a reason for that: Today’s kids don’t worldwide, the company acquired a basic con- properties. Chief Financial Officer Joel Bennett some high-profile companies: Japanese media just play with toys, they see them on the Web, cept that it decided to develop into Monsuno. said in a July conference call that the company is conglomerate Dentsu Inc., “American Idol” interact with them through social media, and fol- planning to double sales of its brands to 40 percent producer FremantleMedia Enterprises and low them on TV and in the movie theaters, said Jakks Pacific Inc. (Nasdaq: JAKK) of Jakks’ total business in the next several years. trading card maker Topps Co. Inc. all made Chris Byrne, director of content at online toy Malibu FRI. CLOSE, PAST 5 WKS Still, Jakks isn’t betting the house on its significant investments in Monsuno through a industry publication Time to Play in New York. 20 new strategy. Last week, the company CEO: Stephen Berman Aug. 10: $14.73 19 joint venture. Last month, Jakks announced a “They are not just picking up pieces of plas- announced the acquisition of toy manufacturer Employees: 828 18 deal with children’s network Nickelodeon for tic and smacking them together,” Byrne said. 17 Moose Mountain Toymakers Ltd. The Hong Market Cap: $397 million the worldwide broadcast rights to Monsuno. What’s more, toy companies are looking to 16 Kong company makes arcade games, chil- “Monsuno could be a game changer,” said control a larger portion of the revenue stream. P/E: 11 15 dren’s vehicles and other products such as Dis- 14 Stephen Berman, Jakks co-founder and chief “For years, companies said we take our EPS: $1.40 7/8 7/15 7/22 7/29 8/5 ney Princess play tents. executive, in a phone interview last week from piece of the toy business and that’s what we *Twelve months trailing. Source: Yahoo Finance Indeed, industry analysts said Jakks and other Italy where he’s meeting with the European get and it’s OK,” Byrne said. “But there’s a toy companies could run into problems extend- distributor of Monsuno merchandise. bigger opportunity here to guide the creative “We want to control our own intellectual ing their reach beyond dolls and action figures. process and develop things that can be lever- property for the right segments,” Berman said. “A big risk is spending too much time, Multimedia toys aged into different categories.” “When we came across the concept, it was energy and money on trying to create this new The company’s Monsuno strategy was dic- El Segundo toy giant Mattel, for example, magical and we realized it was the prefect time property,” said BMO’s Johnson. “In some tated by the changing relationship between last year launched the gothic-themed Monster for us to do what we wanted to do: start with an cases, it’s easy to lose sight of your core focus media and toys. High franchise with a book series, video game, amazing toy and then create a show behind it.” and take resources away from your core mis- New lines are designed with a variety of prod- clothing line and, of course, fashion dolls. A team of Jakks employees spent a year creat- sion to create toys.” Publisher’s Cuts Fail to Score Points With Investors The company’s restructuring plan calls for Boston research firm, predicted in a report last VIDEO GAMES: THQ’s moving away from its traditional licensed THQ Inc. (NYSE:THQI) year strong growth in the global video game Agoura Hills FRI. CLOSE, PAST 5 WKS movie-based games for teens and children to 3.5 market. But it also noted the sale of virtual CEO: Brian Farrell shares tumble as company focus on high-growth online games. 3.0 goods for games, in-game advertising and Analyst Michael Pachter, at brokerage Wed- Employees: 1,750 downloadable games would account for most plots online strategy. 2.5 bush Securities in downtown Los Angeles, said Market Cap: $131 million 2.0 of the growth. the downsizing is a positive step, but there is a THQ hopes to jump on those trends. It will P/E*: N/A Aug. 10: $1.92 1.5 By JOEL RUSSELL Staff Reporter question over whether THQ can turn the corner. 1.0 release a new “Saints Row” game in Novem- “It’s the right strategy, but they have to exe- EPS: -$2.12 7/8 7/15 7/22 7/29 8/5 ber that will have downloadable content and It’s the end game for about 200 employees cute,” he told the Business Journal. “The com- *Twelve months trailing. Source: Yahoo Finance online versions for multiple players. A Face- of THQ Inc. pany is downsizing to focus on higher-profit book campaign will accompany the release of The Agoura Hills game maker announced games, and the licensed content has not gener- lion. Its loss widened to $38.4 million. the “Margaritaville Online” game in the fall. plans last week to close studios in Phoenix and ated much profit the last several years.” THQ established itself by turning out games And the company expects a wrestling title and Australia, resulting in 200 layoffs, or about 11 The downsizing announcement follows a derived from licenses with film studios and toy a martial-arts game will reach stores before the percent of the company’s global payroll. string of bad news. On June 13, the company manufacturers. In a long-term deal with Walt end of the year. The layoffs are part of a companywide closed Kaos Studios, the developer of its Disney Co., the company made games based Pachter remains skeptical, given what he restructuring, but even in a terrible week for “Homefront” series of shooter games. Later on the films “The Incredibles,” “Up” and called the company’s series of missteps in the stock market, THQ did particularly poorly that month, the company announced it would “Wall*E.” In 2007, it produced a Bratz game recent quarters. as investors reacted negatively to the plan. end its “Red Faction” series due to poor sales based on the popular lines of dolls made by “The quality of upcoming games must The day after the announcement, THQ stock of the most recent installment. MGA Entertainment Inc. in Van Nuys. improve significantly,” Pachter warned in a fell more than 10 percent to reach a 16-year It was all reflected in a disappointing first But as gamers have moved to the Internet, note to investors July 27. “The company’s per- low. It recovered slightly to close at $1.92 on quarter earnings report. Revenue totaled only movie-based titles have been eclipsed by formance has become increasingly dependent Aug. 10 but was still one of the biggest losers $141 million, significantly off from manage- games on social media sites and free ones that on a smaller lineup of games, with more risk on the LABJ Stock Index. (See page 46.) ment’s estimates of $165 million to $180 mil- include advertising. Strategy Analytics, a inherent in each new release.” 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Content Previous Page Zoom In Zoom Out Next Page

6 LOS ANGELES BUSINESS JOURNAL NEWS & ANALYSIS AUGUST 15, 2011 Does Dov Charney Have Something Up His Sleeve? A group of Canadian investors rescued the com- American Apparel is also expanding its RETAIL: Store sales rise as American Apparel Inc. (AMEX: APP) pany in April with a financing package worth online presence. Los Angeles FRI. CLOSE, PAST 5 WKS about $43 million. The money bought American EBay is set to launch on its site next month American Apparel partners 1.2 CEO: Dov Charney 1.1 Apparel time to turn around operations and an American Apparel shop, which the down- with online retail giants. Employees: 11,300 1.0 boost sales. town company expects to become a multimil- 0.9 Market Cap: $82 million Last year, American Apparel opened lion-dollar business in the next year. By ALEXA HYLAND Staff Reporter Aug. 10: $0.90 0.8 stores-within-stores at posh U.K. department The store, which will display American P/E*: N/A 0.7 0.6 store Selfridges in London and French depart- Apparel’s racy advertising, will feature the Has American Apparel Inc. bounced EPS: -$0.89 7/8 7/15 7/22 7/29 8/5 ment store Galeries Lafayette in Paris. The company’s basic T-shirts, underwear and back? *Twelve months trailing. Source: Yahoo Finance stores are smaller versions of the company’s jeans. EBay is expected to promote the Ameri- The downtown L.A. clothing maker and stand-alone shops, and feature merchandise can Apparel store with e-mail newsletters and retailer just months ago was saved by a lasting, one is eBay and two is having these selected to appeal to local tastes. other marketing programs. minute investment. Now, it’s reported improv- stores-in-stores,” said Howard Davidowitz, Chief Executive Dov Charney told the Busi- After a successful test run earlier this year, ing sales and has been announcing plans to chairman at national retail and consulting firm ness Journal he plans to open more of them. American Apparel also expanded its partner- boost profitability. Davidowitz & Associates Inc. in New York. “We can scale that business model to 40 ship with international e-commerce site Asos, The company is going to open more stores- “It gives you a chance to build sales without or 50 store-in-store operations,” said Char- which features clothes and accessories from within-stores. And it’s extending its reach investing a tremendous amount of capital, and ney, who added the company is working out designer brands such as Calvin Klein. through partnerships with online retail giants for them that’s critical.” a deal with upscale U.S. department store Asos is purchasing men’s and women’s eBay Inc. of San Jose and Asos plc of London. American Apparel faced a liquidity crisis Bloomingdale’s, but no announcement has clothes from American Apparel wholesale “They have two initiatives that look excit- this spring that put it on the brink of bankruptcy. been made yet. and reselling the merchandise on its site, a model that’s expected to boost American Apparel’s wholesale business. The relationship also gives American Apparel the oppor- ACG LOS ANGELES tunity to reach shoppers in countries such as BUSINESS CONFERENCE Denmark, Russia, New Zealand, Singapore 2011 and Hong Kong, where the company does not GROWTH STRATEGIES | M&A | FINANCE currently have stores.

JOIN US FOR THE NATION’S PREMIER DEAL FLOW AND BUSINESS CONFERENCE Content-Rich Breakouts | Extraordinary Deal Flow and Networking Opportunities SEPTEMBER 20 – 21, 2011 | BEVERLY HILTON HOTEL GOLD SPONSORS Bingham McCutchen LLP Capital IQ Etonien Houlihan Lokey Intrepid Investment Bankers LLC Los Angeles Business Journal Kibel Green PETER GUBER McGladrey Chairman and CEO, Mergers & Aquisitions Mandalay Entertainment PitchBook Group PwC The Deal The M&A Advisor KNX 1070 News Radio KPMG ‘We are resigned to the Sheppard Mullin Richter & Hampton LLP Thomson Reuters fact that it’s going to be TSG Consumer Partners appealing to people Union Bank who are in cities rather ARIANNA HUFFINGTON LAWRENCE H. SUMMERS CORPORATE SPONSORS JOE TORRE Ernst & Young than suburbs. One of President and Editor-in-Chief of Director, White House National Economic Council for President Legendary Baseball GreenbergTraurig our most profitable The Hufﬁ ngton Post Media Group Barack Obama, 2009-2010 Manager and EVP of O’Melveny & Myers LLP Major League Baseball Wells Fargo Capital Finance stores is in Seoul ... We CORPORATE EXECUTIVE & are seeing where the BUSINESS OWNER TRACK brand works.’ USC Marshall School of Business NEW BDO DOV CHARNEY, Duff and Phelps CONFERENCE East West Bank American Apparel NACD – Southern California Chapter SESSIONS SAP Business by Design HENRIK FISKER HARRY MARKOPOLOS KEVIN FREIBERG IN 2011 SPECIAL EVENT SPONSORS Charney suggested that American Apparel Co-founder, CEO and Madoff Best Selling Author Executive Design Director, CapitalSphere is considering broadening its sales by also Whistleblower and Entrepreneur Fisker Automotive Crowe Horwath manufacturing clothes for other apparel mak- D.A. Davidson & Co. ers at its sprawling downtown factory, DLC NEW TRACKS FOR 2011! FocalPoint Partners although no deals have been struck yet. GE Capital Meanwhile, American Apparel has started Gemini Partners showing better results in its retail stores. Last Greif & Co. WOMEN’S FORUM Manatt, Phelps & Phillips, LLP week, the company reported same-store sales SEPTEMBER 20 Sheppard Mullin Richter & Hampton LLP rose by 3 percent in June and 4 percent in July. TUESDAY, | 11 A.M. TO 1:00 P.M. TSG Consumer Partners After closing about 26 underperforming VACO stores since the second quarter of last year, CORPORATE EXECUTIVE SILVER SPONSORS Charney said the company has improved oper- Crowe Horwath ations at its stores to better serve customers. He Generational Equity AND BUSINESS OWNER TRACK Grant Thornton said the company is also realizing that it needs Jeffer Mangels Butler & Mitchell LLP to focus on its stores located in major interna- SEPTEMBER 21 PNC Business Credit tional cities to boost sales. WEDNESDAY, | 10 A.M. TO 12:00 P.M. Robert Half SingerLewak “We are resigned to the fact that it’s going Stillwater Business Park to be appealing to people who are in cities Presented by U.S. Bank Asset Based Finance rather than suburbs,” Charney said. “One of WOMEN’S FORUM SPONSORS our most profitable stores is in Seoul, (South Pepperdine Private Capital Markets Project Korea), and others that are highly profitable Nawbo-La are in Sydney and Melbourne, (Australia). We are seeing where the brand works.” SUPPORTING SPONSORS Davidowitz said it’s too early to pronounce a Kaye Scholer Register at www.acglaconference.com Moelis Capital Partners turnaround, but that things are looking positive. “I give credit to Dov Charney,” he said. “His whole life he pulls rabbits out of his hat Sponsorship Opportunities: Mina Trujillo 310.444.9065 | Email: [email protected] and I don’t know how he does it but he did it again. And now suddenly there’s a new day.” 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Content Previous Page Zoom In Zoom Out Next Page

AUGUST 15, 2011 NEWS & ANALYSIS LOS ANGELES BUSINESS JOURNAL 7 Liquidator Hits Hard Times as Economy Picks Up than $4. Since then it has consistently declined LIQUIDATION: Great and by mid-July it was trading for around 30 cents. In the last three weeks, since the announce- American tries riskier ments of the TJ Hughes and Borders deals, it has financial strategies. fallen again. It closed at 11 cents Aug. 10. One bright spot has been the company’s Euro- By JOEL RUSSELL Staff Reporter pean business. During the first quarter, the company earned $3.3 million in revenue from liquida- The economic recovery may be stalling, but tions in Europe. That represented 25 percent of that hasn’t helped the liquidation business of the company’s total quarterly revenue of $13 mil- Great American Group Inc., which has been lion, and helped narrow its quarterly loss to suffering through an extended drought. $526,000 compared with $3 million a year earlier. Now, the publicly traded Woodland Hills busi- Indeed, despite the challenges, Crawford rates ness that made big money selling off the inventory the stock a “buy” and maintains a target price of of struggling and bankrupt companies during the $1.50 per share. That conclusion is based on the recession is taking more risk to boost growth. belief the company has enough financial strength Great American announced this month that one to weather its current slowdown. of its subsidiaries purchased secured debt issued by “Great American’s liquidations business is TJ Hughes, a bankrupt U.K. discount retailer. bumpy,” acknowledged Crawford in his note The debt deal allows the subsidiary, GA to investors. Bankrupt in Britain: Liverpool location of department store chain TJ Hughes. Europe, to take possession of TJ Hughes’ assets – mostly unsold merchandise. If Great American can sell the inventory for more than the price of the debt, it can make more money than if it simply acted as an auctioneer and took a small fee. Robert Cohen, president of bankruptcy consulting firm Alternative Bankruptcy Con- cepts in Buena Park, said the deal is similar to what happens when an investor buys a nonperforming mortgage and forecloses on the property. But it carries some risk. Do you have to reach out to your banker? Great American (OTC: GAMR.OB) Group Inc. FRI. CLOSE, PAST 5 WKS Woodland Hills 0.35 Or is it the other way around? CEO: Andrew Gumaer Aug. 10: $0.11 0.30 0.25 Employees: 136 0.20 Market Cap: $3.1 million 0.15 P/E*: N/A 0.10 0.05 EPS: -$0.30 7/8 7/15 7/22 7/29 8/5 *Twelve months trailing. Source: Yahoo Finance

“For the liquidator, it’s a hit-or-miss proposition,” Cohen said. “They can hit a grand slam or they can lose money, whereas if they just conduct the auction they always make a little money.” The company is taking that risk because its liquidation business has slowed, even with the uneven recovery. Two years ago, Great American was at the top of its game and auctioned off the remains of Circuit City Stores, with an inventory estimated at $3.7 billion, and Linens n’ Things, which had $1.7 billion. Great American also supervised the close-out sales at Mervyn’s department stores. However, in its first quarter earnings report, the company stated that its liquidation revenue fell last year, when it lost $11.4 million or 39 cents per share. Just 50 percent of its revenue was derived from liquidation, compared with 74 percent in 2009. The problem: The financial crisis and economic meltdown of 2008-09 forced many asset-rich retailers out of business, and now most such inventory has been sold off. The company also makes money on appraisals, auctions and related services. But Michael Crawford, an analyst at West L.A. You want a financial specialist who understands your world. A proven banking expert with a solid track record of brokerage B. Riley & Co. who follows Great helping businesses realize their financial goals. When you team with Union Bank,® you’ll experience a more personal American, said the decrease in liquidations has banking relationship centered around your needs. Our relationship managers will put their knowledge and expertise forced the company to be more creative. to work to help streamline your treasury management operations and maximize profitability. So now a stronger “Great American is enduring a near- bankingrelationshipiswellwithinyourreach. unprecedented lull in North American retail liquidations while striving to ignite new growth,” With Union Bank, the world can be an easy place to do business. Call us today. wrote Crawford in a note to investors May 17. (B. Riley & Co. owner Bryant Riley sits on Commercial Banking: Commercial Treasury Services: Business Banking: Great American’s board.) Great American did not make an executive Scott Connella Diane Williams, CTP William Schleifer available to comment. Executive Vice President Senior Vice President Vice President However, it’s not as though the company’s 213-236-4275 213-236-5085 213-236-6861 liquidation business has dried up completely. Last month, it auctioned off the remaining assets of Rock & Republic Enterprises Inc., a high-profile L.A. apparel maker. Also, Great American is one of five liquidators that are selling the remaining inventory of Borders Group Inc., which recently closed 399 stores with ©2011 Union Bank, N.A. an estimated inventory worth $700 million. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG), But as liquidations have slowed, Great one of the world’s largest financial organizations. unionbank.com American’s stock price has withered. In November 2009, shares traded for more 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Content Previous Page Zoom In Zoom Out Next Page

8 LOS ANGELES BUSINESS JOURNAL NEWS & ANALYSIS AUGUST 15, 2011 Drink Maker Strikes Plum Deal With Prune Farmers that boosts immune response, and detoxifies BEVERAGES: MD Drinks many toxins and poisons. NAC became the of Culver City snapped up label ingredient that set Urban Detox apart from competitors. by Sunsweet Growers. For Alternative Energy, he combined a variety of natural caffeines and energy boost- By DEBORAH CROWE Staff Reporter ers that would activate at different times after consumption in order to prevent the typical Six years after launching the trendy L.A. cola crash. beverage line Functional Drinks, the co- Based on Hughes’ ideas, the partners even- founders of MD Drinks Inc. last week got tually hired consultants to help them turn the their big payday – courtesy of a Northern Cali- formulas into tasty, shelf-stable products. The fornia farmers’ co-op known for rebranding company’s first bright-orange delivery van fea- prunes into a cool snack. tured a huge “Hungover?” banner set above Sunsweet Growers Inc. of Yuba City, a the company’s website address and phone leading marketer of dried plums, specialty number. dried fruits and juices, announced Aug. 10 that Launching Functional Drinks in Los it was buying the Culver City company, which Angeles worked toward its eventual success began in a kitchen laboratory and grew to a in two crucial ways, Simon said. Not only nationally distributed line in the multibillion- were the beverages more likely to get free dollar nutraceutical food and beverage market. publicity from celebrities photographed Function Drinks are fruit-flavored bever- drinking the products, but the area’s small ages spiked with nutritional supplements such groceries, delis, liquor and convenience stores as ginko biloba, yerba mate and gymnema to Bottoms Up: From left, Function’s Dr. Alex Hughes, Josh Simon and Dayton Miller. were more open to stocking a new product relieve hangovers, boost energy or enhance than major distributors. weight control. The three beverages – Urban prunes a year – about one-third of the global they could do better than the typical high-caf- “We really had a lot of local L.A. stores Detox, Alternative Energy and Light Weight – market – but in recent years has branched out feine and B-vitamin energy drinks that they willing to give us a chance that I don’t think typically retail for around $2 and boast into specialty teas and waters. often used to get themselves to work after a we’d have gotten elsewhere,” he said. celebrity fans ranging from Madonna to Tony Gerst, head of new venture initiatives night out on the town. Initially tapping friends and family for fund- Shaquille O’Neal. at Sunsweet, said in a statement that the com- “Ironically, once we started work on the ing to launch the company, MD Drinks eventu- Terms of the deal were not disclosed, but pany intends Function Drinks to become the idea we pretty much stopped partying and ally attracted angel and private-equity invest- Sunsweet said MD Drinks co-founders Dayton first of several innovative brands that it will spent all our spare time working on the compa- ment. The company hired a boutique invest- Miller, Josh Simon and Dr. Alex Hughes nurture via a new wholly owned subsidiary, ny,” said Miller, chief executive, who at the ment bank about a year ago to field a growing would continue to have leadership roles in the Disruptive Beverages. time worked in corporate strategy and business number of inquiries from potential suitors. company, which will remain in the L.A. area. “We believe Function gives us a great foun- development at Walt Disney Co. “Sunsweet rose to the top of the list pretty Hughes, now a surgeon in New York, still dation on which to begin building a great port- Miller had introduced Disney co-worker quickly, though we couldn’t figure out at first works in product development for the compa- folio of beverages,” Gerst said. Simon to Hughes, a college friend then in a why a company like that would be interested ny but doesn’t have a daily operational role. surgical residency at Ronald Reagan UCLA in us,” said Simon, the company’s president. Established in 1917, Sunsweet Growers is Night on the town Medical Center. “But we learned they were a brand-building considered the world’s largest handler of dried Inspiration for MD Drinks’ flagship prod- Hughes began consider the potential use of company, and had some really interesting tree fruits, including prunes, apricots and man- uct, Urban Detox, came after the three hard- some of the supplements he used at the hospi- ideas about how they could take us to the gos. It processes more than 50,000 tons of working and hard-partying friends decided tal, including n-acetyl cysteine, an amino acid next level.”

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AUGUST 15, 2011 LOS ANGELES BUSINESS JOURNAL 9

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12009 Community Reinvestment Act government data. 22010 Small Business Administration federal fiscal year-end data, in dollar volume. © 2011 Wells Fargo Bank, N.A. All rights reserved. Member FDIC. 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Content Previous Page Zoom In Zoom Out Next Page

10 LOS ANGELES BUSINESS JOURNAL NEWS & ANALYSIS AUGUST 15, 2011

MEDIAWATCH

MOVIE BOX OFFICE Weekend Gross Total Gross Rank Title (millions) (millions) Distributor 1 Rise of Planet of Apes $54.8 $54.8 20th Century Fox 2 Smurfs 20.7 75.9 Columbia 3 Cowboys & Aliens 15.7 67.3 Universal 4 Change-Up 13.5 13.5 Universal 5 Captain America 13.0 143.2 Paramount 6 Harry Potter 12.4 343.1 Warner Bros. 7 Crazy, Stupid, Love 12.0 42.1 Warner Bros. 8 Friends With Benefits 4.7 48.5 Screen Gems 9 Horrible Bosses 4.6 105.1 Warner Bros. 10 Transformers 3.1 344.2 Paramount Weekend ended Aug. 7 Source: Bloomberg News PRIMETIME TV SHOWS Rank Program Network Rating* 1 America's Got Talent (Tues.) NBC 6.8 2 Bachelorette ABC 6.4 3 NCIS CBS 6.3 4 Bachelorette: After Roses ABC 6.1 5 60 Minutes CBS 5.8 Week ended Aug. 7 *Each rating point equals 1.1 million homes. Source: Bloomberg News CABLE TV SHOWS Rank Program Network Rating* 1 Jersey Shore MTV 5.4 2 (tie) The Closer TNT 4.2 2 (tie) Rizzoli & Isles TNT 4.2 4 Phineas & Ferb Movie Disney 4.0 5 Royal Pains USA 3.6 Week ended Aug. 7 *Each rating point equals 1.1 million homes. Source: Bloomberg News TOP SELLING ALBUMS Rank Last Week Artist Title Label 1 New Eric Church Chief EMI Records Nashville 2 1 Adele 21 XL Recordings/Columbia 3 New Kelly Rowland Here I Am Motown 4 8 Jason Aldean My Kinda Party Broken Bow Records 5 4 Beyonce 4 Columbia Week ended Aug. 12 Source: Billboard.com MOVIE RENTALS - DVD/VHS 421 STOCKCROSS Rank Last Week Title Distributor FINANCIAL SERVICES 1 1 Limitless Relativity [email protected] 2 2 Lincoln Lawyer Lions Gate 3 New Source Code Summit THE BEST OFFENSE IS A 4 3 Rango Paramount 5 4 Insidious FilmDistrict GOOD DEFENSE...TAX Week ended July 31 Source: Rentrak

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AUGUST 15, 2011 NEWS & ANALYSIS LOS ANGELES BUSINESS JOURNAL 11 Vernon Jeans Maker Looks to Fit in Kids Market EXPANSION: Children’s RETAIL & pants first step in new line APPAREL from 7 for All Mankind. ALEXA HYLAND REMIUM denim maker 7 for All Mankind is going small, but it’s part of P a plan to grow. The Vernon apparel maker, owned by Greensboro, N.C., apparel conglomerate V.F. Style Card Corp., has launched a line of jeans for newborns What’s an ideal partner for a shopping and kids that started selling at major department mall? Maybe the Grove has the answer: a cred- stores such as Bloomingdale’s, boutiques and it card company. The mall recently launched a online this month. The pint-size pants come with promotion with Citibank. a cheaper price tag – $59 to $89 – compared Rick Caruso’s Grove shopping center and with $169 for a pair of jeans for mom. New York financial services firm Citibank set Seven for All Mankind is planning to up a rewards program last week for Grove launch a complete children’s clothing line next shoppers who use Citi cards. The Passport to year, including tops and bottoms. The compa- Savings program, which will run through Sept. ny announced earlier this month that it signed 30, features discounts and complimentary gifts a licensing deal with New York children’s at some of the mall’s retailers when shoppers apparel maker Tawil Associates Inc. to pro- use their Citi credit card or Citibank debit duce the clothes. Splash: Fountain at the Grove, which has joined a Citibank rewards program. MasterCard. It’s the first time the outdoor Barry Miguel, president at 7 for All shopping center on Third Street near the Fair- Mankind, said in an e-mail that the company pany opened a second location in Canada this Sakar will produce electronics, including fax District has formed a partnership with a wants to move beyond jeans, shoes and acces- month with plans to open an additional 10 to MP3 players, speakers and USB flash drives, financial services firm. sories with the children’s line. 15 stores there in the next five years. that coordinate with such Skechers products as “It gets more people familiar with the “Continued growth is fundamental to our “Opening 7 for All Mankind stores its rhinestone-encrusted Twinkle Toes shoes Grove and our retailers,” said Jennifer Gordon, business as the premium global denim lifestyle enhances the brand’s presence,” Miguel said. for young girls and “Zevo-3” animated TV senior vice president of events and public rela- brand,” Miguel said. The company is planning to have more than show for young boys. tions at Grove owner Caruso Affiliated. The company isn’t the first local premium 150 stores worldwide by the end of this year. The company in June announced a multiyear Some of the Grove’s retailers participating denim maker to enter the children’s clothing licensing deal with LF USA, a subsidiary of in the program include luxury handbag maker market. Joe’s Jeans Inc. of Commerce and Growing Gadgets Hong Kong consumer goods manufacturer Li Coach, which gives shoppers 25 percent off True Religion Apparel Inc. of Vernon also Skechers USA Inc. is plugging in. The & Fung Ltd. LF will produce Skechers fitness purchases when they use the cards, and Whis- make designer duds for kids. company is putting its name on earphones, dig- apparel and accessories for women and men. per Restaurant and Lounge, which gives diners Tawil, which makes apparel for such ital cameras and other electronic products. Skechers highest-profile challenge is the a free dessert with any entrée. brands as Walt Disney Co. and Juicy Cou- The Manhattan Beach shoemaker handling of its Shape-up toning shoes. The If the Grove’s partnership with Citibank is ture, worked with 7 for All Mankind design- announced last week that it signed a licensing company sold off older styles at reduced prices a success, the program may be extended and ers for eight months on the children’s line. deal with Edison, N.J., manufacturer Sakar in the second quarter for a loss of $21 million. also offered at Caruso’s Americana at Brand in The clothes are modeled after the same fits, International Inc. to make consumer elec- But the company has developed new toning Glendale, Gordon said. finishes and fabrics used for the company’s tronics and accessories based on its shoes for and running shoes, including lightweight styles adult customers. kids and teens. The deal, terms of which were that recently hit store shelves, and those may Staff reporter Alexa Hyland can be reached at Meanwhile, 7 for All Mankind has also not disclosed, marks the first time Skechers help the line get back on track. [email protected] or at (323) been adding to its number of stores. The com- has put its name on electronics. 549-5225, ext. 235. Stockbrokers Say Customers Grin and Bear Market INVESTMENT: Diverse Indicus, meanwhile, managed more than $2 BANKING & billion in assets in collateralized loan obliga- portfolios credited with tions and related instruments, giving Ares a FINANCE substantially larger investment portfolio of keeping mood calm. European corporate credit. RICHARD ESPITE wild swings in the financial CLOUGH Building Branches markets last week, a number of local The banking industry has been a gloomy D investment professionals said the place of late, but Chase Bank’s top executive mood among their clients has remained nature and not particularly threatening to made a pit stop in town to bask in one of the remarkably calm. Southern California, he noted, and the local small bright spots. Ed Wedbush, president of downtown economy has shown resilience in the past. JPMorgan Chase & Co. Chief Executive L.A.’s Wedbush Morgan Securities Inc., “There’s definitely opportunity in specific Jamie Dimon visited the City of Angels last said unlike past market downturns, including companies that are home based in Southern week to tour an under-construction Chase the 2008 financial crisis and the 1987 stock RINGO H.W. CHIUI/LABJ California,” he said. branch, one of 25 the banking giant is planning market crash, investors do not seem to be Bullish: Wedbush at downtown office. to open in Los Angeles County this year as gripped by panic. Firm Buys part of about 100 new locations across Califor- “I’m not seeing the panicky selling,” he points before gyrating up and down again. The debt of many European nations – a nia. The bank expects to hire at least 15 said. “We’re getting the concerned calls (from Wedbush said the market fluctuations were contributor to last week’s wild stock swings – employees at each branch. clients), there’s no question about that, but less panic inducing than previous downturns in is looking iffy, but that isn’t scaring Ares At the downtown branch, which is set to we’re not getting panicky calls.” part because investors have become better at Management LLC from investing in compa- open in October, Dimon met with local lead- That sentiment was echoed across the local diversifying their portfolios. nies on the continent. ers, including Mayor Antonio Villaraigosa and financial services industry. Chuck Freadhoff, a “There are some people who have 50 to The Century City asset manager last City Councilwoman Jan Perry, where they dis- spokesman for fixed-income investing giant 100 percent of their portfolio in cash. There are week acquired, for undisclosed sums, a pair cussed the bank’s growth plans. Capital Group Cos., said the downtown L.A.- more bonds mixed with stocks,” he said. of firms, including Indicus Advisors, a based firm experienced virtually no major “There’s really more substantial diversification London-based firm that specializes in Euro- C-Suite News unrest among investors. Still, Vice Chairman than there was in the past.” pean leveraged finance. Ares also bought Moelis & Co., the Century City investment James Rothenberg penned a letter to clients The LABJ Index, which tracks 180 local Wrightwood Capital, a commercial real bank started by Ken Moelis, announced that that was posted to the firm’s website. publicly traded companies, fell nearly 13 percent estate lender in Chicago. Kent Savagian was hired as a managing direc- “We knew that when there’s this much tur- for the week ended Aug. 10, a worse showing Through the deals, Ares’ private debt group tor in Los Angeles. … Preferred Bank, a Chi- moil in the market, it obviously makes than each of the major national stock indexes. will gain 40 additional employees while the firm’s nese-American bank in Los Angeles, investors uneasy,” Freadhoff said. “We felt we Twelve local financial stocks dropped more capital markets group will add 17 professionals. announced that Wellington Chen was needed to address that disquiet even if they than 10 percent, led by Cathay General Ban- Tony Ressler, Ares senior partner, said in a appointed chief operating officer and Lucilio were not calling their advisers.” corp, the downtown parent of Cathay Bank. Its statement that the Wrightwood deal would Couto was appointed chief credit officer. To be sure, the financial markets were highly shares declined 26 percent to $10.21. Real broaden the firm’s capabilities in middle-mar- volatile over the past two weeks. After Standard estate stocks also took a pounding. ket commercial real estate lending, which is Staff reporter Richard Clough can be reached & Poor’s decision to downgrade U.S. credit, the Wedbush, though, is bullish on local stocks. “an area we see having attractive long-term at [email protected] or at (323) Dow Jones industrial average fell more than 600 The current financial turmoil is global in growth opportunities.” 549-5225, ext. 251. 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Content Previous Page Zoom In Zoom Out Next Page

12 LOS ANGELES BUSINESS JOURNAL NEWS & ANALYSIS AUGUST 15, 2011

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

Stadium: A rendering of AEG’s Farmer’s Field. Bratz: The dolls cost Mattel $309 million due to a recent court ruling. Supergraphic Suit: Trutanich.

STADIUM DEAL: The Los BRATZ REVERSAL: U.S. he was working at Mattel in tive Thomas J. Barrack Jr., said and posters. The 2009 lawsuit a loss of $32.8 million from Angeles City Council unani- District Court Judge David O. the late 1990s. The initial the collateralized loans were filed by City Attorney Car- the year before. Revenue rose mously approved a partner- Carter ordered Mattel Inc. to 2008 jury decision in favor of used to develop properties pri- men Trutanich alleged that 23 percent to $1.56 billion. … ship plan with Anschutz pay rival toymaker MGA Mattel was later reversed and marily in Berlin and Frankfurt the New York sign company Lions Gate Entertainment Entertainment Group to Entertainment Inc. more a new trial was ordered. in the 1990s. installed more than a dozen Corp. reported first quarter build a $1.2 billion football than $309 million in a long- supergraphic signs, and about net income of $12.2 million, stadium and replace a $275 running battle over the Bratz ACQUISITION: Electro NEW CEO: Online dating 500 pole and wall posters compared with a net loss of million wing of the Los fashion dolls. Carter denied Rent Corp. in Van Nuys and matchmaking site eHar- without obtaining city permits $64.1 million the year before. Angeles Convention Center. Mattel’s request for a new plans to acquire the assets of mony said that its board has and then ignored city orders Revenue fell 20 percent to The deal calls for the city to trial and ordered the toy giant Equipment Management named Jeremy Verba chief to remove them. The compa- $261 million… Hudson issue $275 million in tax- to pay $170 million in dam- Technology Inc., a privately executive. Verba joins the ny, which has since removed Pacific Properties Inc. exempt bonds to pay for ages, and $2.5 million in held provider of electronic Santa Monica social network- the signs, did not admit any reported a second quarter net demolition and relocation of attorneys’ fees and costs to test equipment in Las Vegas ing company from San Fran- wrongdoing in the settlement. loss of $2.1 million compared the Convention Center’s MGA of Van Nuys on its that filed for bankruptcy pro- cisco social gaming service with a loss of $2.6 million the West Hall, where the stadium claims that Mattel of El tection earlier this year. Elec- Zynga, where he was found- EARNINGS: Demand year before. Revenue rose would be located. About 49 Segundo misappropriated its tro Rent expects to pay about ing general manager of its Media Inc. reported a second more than 200 percent to percent of the tax and lease trade secrets. MGA was also $11.1 million in cash in a pri- “Treasure Isle” title. He was quarter net loss of $2.4 mil- $33.4 million. … Aecom revenue generated by the two awarded $137 million in vate sale through U.S. Bank- also the general manager of lion compared with a loss of Technology Corp. reported a projects would be used to attorneys’ fees and costs for ruptcy Court. Equipment voice services for AOL from $1.9 million in the same peri- fiscal third quarter profit of pay off the debt. AEG must Mattel’s earlier copyright Management Technology 2001 to 2005, a founder and od a year earlier. Revenue $73.8 million, 14 percent still complete an environ- infringement claims. Mattel rents, sells and leases new and president of E Online, and rose 32 percent to $79.5 mil- higher than the year before. mental impact report and sued Van Nuys’ MGA in used electronic test equip- vice president of entertain- lion. … Walt Disney Co. Revenue rose 22 percent to $2 commit a National Football 2004, claiming that Barbie ment, mostly to the aerospace ment ventures for CNET. He reported fiscal third quarter billion. … Public Storage League team to Los Angeles designer Carter Bryant devel- industry. Electro Rent antici- replaces Greg Waldorf, who net income of $1.48 billion, Inc. reported second quarter before the stadium is built. oped the Bratz concept while pates substantial cost savings resigned in January and is up 11 percent from the year net income of nearly $211 by integrating and consolidat- now CEO-in-residence of before. Revenue rose 6.7 per- million, 61 percent higher ing operations and inventory. Accel Partners, a Silicon cent to nearly $10.7 billion. than a year earlier. Revenue labusinessjournal.com Valley venture firm. … DTS Inc. reported second rose 6.7 percent to nearly The best source for up to the minute local, national and INVESTMENT: Colony quarter net income of $2.6 $435 million. … American worldwide business news. Capital has acquired $523 mil- SUPERGRAPHIC SUIT: million, down 3.7 percent. States Water Co. reported FREE MORNING UPDATE lion worth of nonperforming Fuel Outdoor LLC has Revenue rose 18 percent to second quarter net income of commercial real estate loans agreed to pay $1.8 million to $20.6 million. … Live Nation $15.96 million, 78 percent Prepared by the editors of the Los Angeles Business Journal from four German banks. The settle a lawsuit filed by the Entertainment Inc. reported higher than a year earlier. and sent to you by e-mail every business day. Sign up now at Revenue rose 15 percent near- www.labusinessjournal.com Santa Monica investment firm, city of Los Angeles over the second quarter net income of led by billionaire Chief Execu- company’s supergraphic signs $13.3 million compared with ly $110 million.

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AUGUST 15, 2011 LOS ANGELES BUSINESS JOURNAL 13

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14 LOS ANGELES BUSINESS JOURNAL PEOPLE AUGUST 15, 2011

RINGO H.W. CHIU/LABJ Many Happy Returns: Jacques Stambouli, Via Trading chief executive, with pallets of returned items at the wholesaler’s Lynwood headquarters.

Jacques Stambouli went from the Ivy League to West Coast warehouses as the founder of a Pallet Cleanser wholesale dealer in returned items.

By JOEL RUSSELL Staff Reporter What are the strangest shipments you’ve We sold returned merchandise in the store and seen? Jacques Stambouli sold the same stuff wholesale in the back room. ACQUES Stambouli is the king of returns. Giant bolts. Hot tubs. Vending machines shaped The chief executive of Via Trading Corp. like dinosaurs – it took us ages to get rid of them. TITLE: Chief Executive Officer What happened? in Lynwood owns a warehouse filled COMPANY: Via Trading Corp. Retailing is really hard and we quickly realized with pallets of clothing, shoes, cosmet- Do you ever pick out items for your there was a lack of reputable wholesalers who J BORN: Beirut, Lebanon; 1973 ics, tools, toys, appliances, electronics and personal use? deal with surplus and close-out merchandise, home décor: All of it had been sold in major Only if I see something I really like. I used to EDUCATION: Bachelor’s and master’s especially returned merchandise because it is not stores and returned by customers. Stambouli’s bring things home but my wife has forbidden it. degrees in management from London first quality and has wide differences in its condi- mostly Hispanic clientele buys these goods by School of Economics; M.B.A. from Harvard. tion. It can be as good as new or it can be junk. the pallet and resells them at swap meets, flea Why? CAREER TURNING POINT: Closed retail markets, thrift stores, yard sales and on eBay. Our house became a big junkyard. Still, it’s So you decided to go into wholesaling? store to concentrate on wholesale. Founded in 2002 by Stambouli and his brother difficult for me to leave an appliance, for Pretty soon we had more repeat business than Alain, Via Trading is a surprisingly good busi- example, at work, then buy the same item in a MOST INFLUENTIAL PEOPLE: His father, we could handle, so we abandoned the retail ness. It has appeared on the Business Jour- store and pay full retail price. Robert, who took him to work as a child and side. We converted the entire space to whole- nal’s list of fastest-growing companies for four taught him the wholesale business. His pro- sale and the business took on a life of its own. years running, generating $22.4 million in rev- Do you ever separate the good items fessors and guest speakers at Harvard enue in 2009 and employing 90 people. Not from the bad? Business School. Wasn’t West Los Angeles expensive real bad for an entrepreneur who grew up in We do it as little as possible. A lot of people who estate for a discount store? PERSONAL: Lives with wife and three Cyprus and whose father did business behind get into this business fall into the temptation of Let’s say yes. Obviously, we didn’t know what children – ages 2, 3 and 5 – in Beverlywood the Iron Curtain, importing hard -to-find con- going through the loads and pulling out the good we were doing. near Beverly Hills. sumer goods from the West. Here’s what’s stuff to sell at retail for really high dollars. Then even more surprising: Stambouli attended they sell the bad stuff at wholesale. They don’t get HOBBIES: Watches soccer on TV. Avid What was the solution? Harvard Business School, where he has friends any repeat business because their wholesale cus- Manchester United fan; recently flew to After 18 months, we moved to a larger space in who went on to work at big Wall Street firms. tomers only get junk. They only last a year or so. Seattle to attend a match. Huntington Park. Then 18 months after that, we It was a path he decided not to take. Stambouli moved to Vernon. Everyone told us we had to be in met with the Business Journal in a cluttered What was your career plan when you Vernon and they were right. It was the best place. conference room at the warehouse to discuss arrived at Harvard Business School? online-offline retail store specializing in dis- why he preferred to drive a forklift after get- Banking, Wall Street or management consult- continued and returned merchandise. Why? ting his M.B.A., how his family background ing. But I did a summer internship at Bain & I’ve never seen such a business-friendly city. prepared him for a wholesale career and why Co. and discovered consulting wasn’t for me. I Do you regret not working for a big bank Every city in the United States should be run like he’s not allowed to bring “his work” home wanted to get my hands dirty and feel how a or on Wall Street? Vernon. I really hope they keep it as a city. I know from the office. business operates. No, I’m much happier here. All my friends from they’ve had their internal political problems, but at Harvard got nice jobs in industry or on Wall Street, the end of the day the people who are the supposed Question: What’s your favorite part of the What was your Plan B? and I was driving a forklift and loading pallets! But victims – the business owners – are not complain- job? I started my own company. I spent most of my at the end of the day, it’s a question of how much ing. So why are other people bothering them? Answer: I love the goods. Every time you second year at Harvard writing my business value you’re creating, not just the image of success. open a truck of returned items, you have no plan and talking to professors about it. Why did you leave Vernon? idea what you’ll find. No one ever thinks about What was your business like at first? We needed more space and couldn’t find it what happens to the stuff that customers take Did you follow your plan? It was a combination retail and wholesale store anywhere in Vernon. This building in Lyn- back to the store. They end up here. No. Originally the company was going to be an in West Los Angeles called Close-Out Center. wood became available. 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Content Previous Page Zoom In Zoom Out Next Page

AUGUST 15, 2011 PEOPLE LOS ANGELES BUSINESS JOURNAL 15

When you left Harvard, why did you come to Los Angeles? I could have started the business anywhere, but after two years in Boston I wanted a nicer climate.

Do you think your company would have succeeded anywhere, or only in Southern California? Whatever I started would have succeeded, simply by adapting to the needs of the market. I never intended to own a cash-and-carry warehouse selling pallets. If I had started this company in Boston, it would have become something different, maybe a mail-order company.

How do you handle complaints? Usually when people complain, they want to buy again from me and they’re trying to justify Graduation Day: At left, Stambouli with his Harvard Business School degree. With family at his graduation in 2002. a discount. I have an easy test for them. I say, “You’re right, I’ll compensate you and in the When was that? the West. I wanted to try to make it in the Unit- and the economy in complete shambles. Now future I’ll never sell you that particular item 1975. I was only 2 years old. I grew up on ed States, and the easiest way to get here was it’s the most prosperous country in the Euro- again.” They immediately change their tune. Cyprus. with a student visa. So I applied to Harvard pean Union. I like leaders who are transforma- Maybe the previous pallet wasn’t so bad after and got my M.B.A. tional, where you can see a clear difference all and they’re willing to try it again. What was your father’s business? between when they started and the end. Through a friend, my father had a connection Is your family still involved in Via Trading? How many pallets do you sell? in Bulgaria. It was communist at the time. He My brother Alain started the company with What’s your plan for the future? About 400 every day. The price varies, based started selling stuff that they couldn’t buy me. Our father financed it. And for a time, my We are two years from hitting full capacity at on what's on the pallet, but the average price is directly from the West. For political reasons, it sister, who lives in Cyprus, opened a chain of this warehouse. At that point, we’ll have to about $450. was OK if the goods went through Cyprus. stores selling discounted items that we sup- decide whether to treat it as a cash cow – it plied. It’s a closely involved family business. would be a very nice cash cow – or do we Where do you get them? What stuff? want to move again, to 1 million square feet? Big store chains. Our agreements with the Procter & Gamble detergent, Gillette razor Is it a challenge having your brother as a Or do we want to repeat the process in Hous- stores prohibit me from disclosing their names. blades, Revlon cosmetics, Cadbury chocolates. partner? ton or Miami? Or we could start another busi- But I'm sure you've heard of them because The big-name brands went through us because On the contrary, I find that working with fami- ness that’s ancillary to this but allows growth only the biggest stores generate large volume there were no other major players in the market. ly brings an element of trust that you don’t without the warehouse constraint – maybe an of returns. have with outside partners who come from dif- online version, for instance. I don’t know the Was it difficult to deal with the politics? ferent backgrounds. answer. Did your childhood prepare you for this Well, when communism collapsed, he was already career? established. All the stuff he formerly sold to the Do you ever disagree over decisions? Has business ownership lived up to your Yes, very much. I was born in Lebanon to Jewish government he started wholesaling and retailing to Ninety-nine percent of the time we agree. The expectations? parents. My father was an entrepreneur almost by the public. He employed about 1,500 people at one 1 percent when we don’t agree, it comes down Yes, but I expected to be retired by now. When default because by law Jews couldn’t own prop- time and owned 50 stores. I worked for him for to whoever feels more passionate. I was a kid I thought, “When I grow up I’ll erty or work for the government, and in that four years after going to college in London. make $1 million and retire.” But once you get country the government employs half the people. Who are your heroes? married, the number goes up. When you get The only option was to start a business. When the How did you get to the United States? Margaret Thatcher. She inherited the U.K. kids, the number goes up again. Now I realize I civil war broke out, we moved to Cyprus. I left Bulgaria because I liked the comforts of with three-day workweeks, strikes all the time can’t retire anytime soon. EVENT Is your CFO one of the best in Los Angeles?

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Awards Luncheon: Wednesday, September 7, 2011 GOLD SPONSORS: Community Bank PricewaterhouseCoopers Millennium Biltmore Hotel, 506 S. Grand Ave., Los Angeles, CA 90071 Moss Adams LLP Wedbush Bank For sponsorship information, For more information or to nominate, please visit call your account representative www.labusinessjournal.com/bizevents at 323.549.5225 or email [email protected] 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Content Previous Page Zoom In Zoom Out Next Page

16 LOS ANGELES BUSINESS JOURNAL AUGUST 15, 2011

GOLD AWARD - BEST OF SHOW Best Newspaper, Large Tabloids Yo u r B u s iness Journal is No.1 again. For the third year in a row, the Los Angeles Business Journal was named Best Large Tabloid by the Alliance of Area Business Publications. 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Content Previous Page Zoom In Zoom Out Next Page

August 15, 2011 Advertising Supplement

The Los Angeles Business Journal presents BEST PLACES TO WORK IN LOS ANGELES

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

18 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL AUGUST 15, 2011 The Best Places to Work in Los Angeles: A Look at the Winners

HE 5th annual Best Places to Work in Los Angeles awards celebration hosted T by the Los Angeles Business Journal at the JW Marriott at L.A. Live on Tuesday, August 9th saluted companies that, according to the people who work for them, are the most successful in business and in nurturing their own. Each company has its own special methods of elevating morale and team spirit to new heights, but one thing that is common among all of them is a commitment to the concept that employees’ well-being directly impacts a company’s well-being—in the eyes of the public, its business partners, customers and shareholders. The Los Angeles Business Journal partnered with Best Companies Group to identify the top 75 companies that were honored. Best Companies Group were also responsible for the survey and analysis process for the Best Places to Work in Los Angeles Program. Their description of “How We Did It,” out- lining the analytical process utilized is detailed in this special supplement. Below is a snapshot view of the Best Places to Work in Los Angeles, broken down by size of company – Large (250 or more employees), Medium (25 to 249 employees) and Small (15 to 24 employees). Over 450 attendees were on hand at the JW Marriott at L.A. Live to support the honorees.

The Best Large Companies to Work for in Los Angeles

1. Point B results for clients. The company’s philoso- adoption and surrogate assistance, flexible easy to love your company and your work Point B has been a pioneer in the consulting phy is: “Own Your Life. Own Your Career. work arrangements, and summer hours. when the people who own the PCL family industry and aspects of its novel approach Own Your Company.” Equity Office also has an “Exceptional of companies are the people who execute have been widely copied. For example, North Highland provides and supports People Program” which recognizes employ- and lead the work to completion. The Point B was one of the first professional the technology needed to work in any ees for day to day contributions as well as employee ownership model creates a firms to make the welfare of its professionals office or virtually. The company maintains “Elite” larger contributions. There is a bud- dynamic culture with a strong sense of the essence of its existence and the center- a local-only policy, which means that get of over $200,000 to recognize employ- family and camaraderie. PCL employees piece of its mission. The company also employees only work with clients that are ees every year. Also, every employee has trust, respect and enjoy working with each encourages its professionals to use the firm within an hour’s drive. However, if development goals to help them grow other. PCL has a core set of values that to enable the truly important aspects of employees enjoy travel, and their skills are within their career and within the compa- employees embrace and routinely practice their lives and uniquely giving associates needed elsewhere, they can volunteer for ny when desired. The company has Manag- through their professionalism and other the primary say in whether they travel or travel and be rewarded for doing so. The er in Training programs and succession work behaviors. not. In late 2008, Point B began the process local focus gives North Highlanders more planning programs. The company provides of becoming an employee-owned company. time to get involved in their communities an on-site massage professional on Fridays 6. CresaPartners The three founders sold 20% of the firm’s in ways that are meaningful to them. They and its popular workplace outings include CresaPartners provides its entire employee equity to its employees via an Employee help business, government and non-profit summer picnics, a cruise of LA harbor, an base with a genuinely open environment, Stock Ownership Plan (ESOP). The founders clients define strategies, streamline opera- 80’s party, bowling, and many other team- flexible work schedules, holiday bonuses, intend to transition 100% of the firm’s own- tions, empower people, integrate suppli- building activities. The company also hosts additional time-off during the holidays ership to its employee-owners via this vehi- ers, leverage technology and maximize a quarterly Charity Program in which Equi- and several company functions annually. cle in coming years. customer interaction. On the extracurricu- ty Office accepts nominations from As any family would, CresaPartners hon- Point B also has a feedback-driven cul- lar side, the company offers on-site per- employees for charities that need sponsor- ors employees for birthdays, holidays and ture. To support that culture, the company sonal development and/or stress manage- ship. Equity Office then adopts the organi- anniversaries and even conducts compa- has a unique online tool where associates ment workshops, seminars, or classes, and zation and supports it with employee vol- ny-sponsored bowling events and all- can submit “associate contributions” many of the company’s offices have Social unteers and financial assistance. employee office socials once per month. when someone helps them out. It is Point Committees that plan outings, happy B’s way of recognizing the supportive hours, sporting events, etc to promote 4. Bryan Cave LLP 7. Slalom Consulting actions that happen every day—and at the socializing with colleagues and family Bryan Cave’s employees’ long tenure and Slalom has a high-energy, entrepreneurial, end of the year, Point B has (on average) members. low turnover exemplifies the quality of collaborative mindset. The firm strives to over 5000 associate contributions submit- work-life the firm provides. At all levels, be employee driven and regularly solicits ted – just another illustration as to why 3. Equity Office employees are approachable and team-ori- feedback, giving employees a say in the the company has this year reached the Equity Office is a great place to work ented. The firm also provides many company’s future plans. Slalom’s local number one spot on this year’s Best Places because of how its employees are treated. avenues and incentives for collaboration model allows employees to build long- to Work list, Large Company category. There is a great work/life balance, commit- and supports professional development. term relationships with companies in their ment to excellence, and compensation/ The firm also maintains a family-like own communities, eliminating unwanted 2. North Highland benefits package. The entire team works to atmosphere – plus, the office is at the travel and giving them more time to be North Highland is a global consulting firm create a workplace that treats employees beach. The ocean views and fun atmos- involved in the communities where they that where every employee has an owner- with dignity and respect and responds to phere add to employees’ satisfaction. live. Slalom also provides employees with ship stake in the company. Employees the value they bring. The company pro- opportunities to innovate and build their come to work each day to advance reward- vides comprehensive benefits including 5. PCL Construction Services Inc. expertise in exciting new practice areas. ing careers by doing what they love – medical, dental, vision, 401(k) with match PCL is 100% employee-owned by the leveraging their experience to achieve and profit sharing, tuition reimbursement, majority of its salaried employees. It is Continued on page 20 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Content Previous Page Zoom In Zoom Out Next Page

AUGUST 15, 2011 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL 19

Mattel is proud to be honored as one of the Best Places to Work in Los Angeles.

www.mattel.com

play to grow play together play with passion play fair

20 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL AUGUST 15, 2011

THE BEST PLACES TO WORK IN L.A.

Continued from page 18 Organization,” by which every employee unique “myRyan” environment that sup- partnership that delivers industry-focused participates in a Gallup Strengths Survey ports life balance. Because Ryan measures expertise and inspires diversity, ideas and and the company implements those performance on results achieved, not professional development. 8. Bingham McCutchen LLP strengths into its everyday work sched- hours worked, employees can work where Last year, as part of Bingham’s commit- ules. A comprehensive wellness program and when they are most efficient and 12. GolinHarris ment to ongoing staff professional devel- is also offered to all associates: an on-site effective - no set office hours. Community Employees at the fast-paced full-service PR opment, the law firm held a mandatory gym, on-site clinic where prescriptions are service opportunities are also readily avail- and communications firm relish the rela- interactive session led by the senior man- available, private nutrition and exercise able. tionships they have with their coworkers, ager of diversity and inclusion in each consultations. Bentley Prince Street also the inspiring culture of the organization, U.S. office. “Many Voices, One Bingham” has an open door policy for all. 11. Aerotek Inc. the great benefits and the firm’s lead-by- helped identify the personal, even uncon- The mantra at Aerotek is “People. Fit. Per- example style of management. GolinHar- scious, biases each employee carries and 10. Ryan LLC fectly.” Aerotek’s people thrive in a perfor- ris also offers employees professional discussed ways to harness differences to Ryan provides an energized, challenging, mance-driven culture and have passion development and social events each improve work relationships and work rewarding, and flexible work environment for what they do. Every Aerotek employee month; recognition programs; and per- product. that respects the need for total life bal- maintains a commitment to customer haps most importantly, the chance for ance. Employees are empowered to focus, a drive for results, integrity, trust, every employee to be heard, recognized 9. Bentley Prince Street Inc. achieve results, with tools and resources diversity and self-development and knows and treated respectfully for the job he or Bentley Prince Street is a “Strengths Based needed, while taking advantage of the that he or she is part of a consultative she performs.

13. Lockheed Federal Credit Union LFCU employees appreciate that the Credit Union where they work enables them to keep that delicate balance between work & home life. Their opinion matters & they feel they are respected parts of a team. The executives are approachable, the company policies are employee-friendly and the staff Master your success. maintains an atmosphere that enables them top have fun at work and laugh at themselves. LFCU also gives back to the community thru numerous charities and encourages employees to participate.

14. HKS Architects Inc. HKS staff members consistently comment on how they feel valued at HKS – from company lunches, to the quarterly bonus program, to the principals’ open-door policy, to the annual Christmas party in the firm’s corporate headquarters – the company makes it well-known that it cares for its members. Most of HKS’ staff has been with the company for seven years or longer, with vice president and above retention rates at 14 years.

15. Altour International Inc. Altour is a very closely-knit organization. The open door policy is especially effective. The company’s President/CEO maintains a high level of visibility and is regularly available for discussion for all employees. Altour has also established an unbeatable reputation in the travel industry. The amount of pride held by Altour employees regarding their place of work continues to inspire them daily.

16. Edmunds.com Edmunds is a progressive employer that places a high level of focus on work environment and the well being of its employees. The company President personally reads every verbatim answer from the company’s annual employee survey. Master your own destiny and leadership skills with our Fully Edmunds believes it has a highly talented Employed MBA, Bachelor of Science in Management, M.S. workforce and the employees thoroughly enjoy the professional camaraderie that is in Management and Leadership, and M.S. in Entrepreneurship fostered there. One of the company’s programs. Offered at our multiple graduate campuses and new goals is to become the best employer in Southern California. Santa Barbara location. 17. Wells Fargo & Company bschool.pepperdine.edu Wells Fargo believes that the contributions of each person are necessary and valued. Staff are considered “team members,” not Master the leader in you. employees. Wells Fargo seeks to promote from within and provide extensive training and development programs. Wells Fargo also supports team member giving and volunteerism. Each year, thousands of team members share their time and talents helping their neighborhoods and communities succeed. And team members appreciate their company’s commitment to

West LA, Irvine, Malibu, Encino, Westlake Village Graduate Campuses Continued on page 22 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Content Previous Page Zoom In Zoom Out Next Page

AUGUST 15, 2011 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL 21

We don’t get to know your business sitting behind a desk.

We’re Bank of America Small Business Bankers, and we’re dedicated to ﬁnding the best solutions to help your business meet its objectives, now and into the future. That means understanding your company from every angle. Not just as experts in the small business marketplace, but as members of our community.

We’ll work with you to match the right services and products to the unique needs and challenges you face, from checking accounts with customizable alerts to a payroll platform that can quickly simplify and streamline your payroll process.

To get a conversation going, give us a call at 213.452.1507. We’ll be happy to set up a time to meet. Your place or ours.

For information on fees and other costs related to business checking and payroll services, please visit bankofamerica.com/small business. Bank of America, N.A. Member FDIC. © 2011 Bank of America Corporation. All rights reserved. 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Content Previous Page Zoom In Zoom Out Next Page

22 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL AUGUST 15, 2011

THE BEST PLACES TO WORK IN L.A.

Continued from page 20 How We Did It environmental stewardship both at work and in the communities. HE Best Places to Work in Los Angeles is enough to make the list. BCG manages 35 company. BCG’s workplace assessment Tan annual celebration of elite employers similar programs in other cities, states and experts determined who was good enough to 18. Getty Images who have proven that they know what it industries, as well as managing programs in make the list and where they ranked. The most common responses from staff about takes to create environments where people Canada, Morocco and the UK. While the survey process and evaluation why they love to work at Getty are the people love to come to work. Identifying and recog- Part one of the assessment (three-quarters was free, many participating companies and the products. Getty’s talented and pas- nizing these outstanding workplaces is a joint of each company’s score) involved a confiden- opted to purchase the full BCG Employee sionate employees enjoy the camaraderie and effort of The LA Business Journal and Best tial 76 question Employee Engagement & Sat- Feedback Report which include a compre- challenges of working in an innovative and Companies Group. isfaction Survey (EESS) which was used to hensive summary of the employee feedback. entrepreneurial environment. They feel The Best Places to Work in Los Angeles evaluate the employees’ workplace experi- The report also included the employee writ- empowered to continually evolve, drive and program was open to all publicly or privately ence and company culture. Part two of the ten comments and the Los Angeles Bench- deliver a powerful customer experience with held companies with at least 15 employees assessment (one-quarter of each company’s mark Reports. This report will help each Getty’s imagery, music and services. Plus, working in LA County. The workplace assess- score) consisted of The BCG Employer Ques- company understand their workforce better Getty also provides tangible rewards, includ- ment and survey process was managed by tionnaire (EQ), used to collect information and equip them with the information to make ing competitive pay and benefits, and bonus Best Companies Group (BCG), Harrisburg, PA. about each company’s benefits, policies, prac- their workplace even better. eligibility for all employees. BCG, an independent workplace excellence tices and other general information. The two research firm, managed the registration combined sets of data allowed the experts at Visit www.BestPlacesToWorkLA.com for more 19. Protiviti Inc. process, conducted the surveys, evaluated BCG to conduct an in-depth analysis of the information or call Best Companies Group Protiviti’s close-knit team and opportunity the data and ultimately chose the firms good strengths and opportunities that exist in each toll free at 1-877-455-2159. for personal and professional growth are two primary reasons that the company is a great place to work. Protiviti also challenges employees to not just share in its Rothstein Kass. At least twice yearly, employ- yet team members can expand their posi- personal development and/or stress man- overall vision, but also to assume a leader- ees at every level and location put their work tion through drive and creativity with no agement workshops, seminars, and classes, ship role in evolving and directing it. Pro- aside to hear the co-managing principals’ job bands to hold them back. Transwest- and the company maintains a robust tiviti provides employees with countless report on the state of the firm. They also visit ern’s offices also regularly celebrate team intranet system for employees to access opportunities to develop both personally all locations regularly throughout the year, members’ birthdays, milestones and ser- with a dedicated administrator to keep and professionally, promotes a healthy interacting with staff at every level. vice anniversaries with lunch outings and information fresh and up to date. work-life balance and organizes social and office parties during the workday. volunteer opportunities with colleagues. 21. Transwestern 23. Jones Lang LaSalle Transwestern’s leadership approach is 22. Western Asset Management Company Jones Lang LaSalle offers employees a 20. Rothstein Kass multi-faceted, unique and specific to its Employees love working at Western Asset culture and work environment that cre- Rothstein Kass is determined to maintain a organization. The company has a true because of the unique culture - a culture of ates opportunities to learn, grow and to balanced work environment that enables all entrepreneurial philosophy that begins investment excellence centered on team- do their best work every day. In turn, employees to achieve their professional and with each region of the company and fil- work and fostered by an environment that the company’s people are valued and are personal life objectives. Candid, interactive ters down to the individual team mem- encourages open exchange of ideas. West- communications are part of daily life at bers. Transwestern is a flat organization, ern Asset also offers its employees on-site Continued on page 24

DOGGED DETERMINATION

What do you need from your accountants and advisors? We all know what the minimum requirements are̶nothing short of excellence.

So, how do you choose?

At Marcum, for more than 60 years, we’ve known that the diﬀerence between being a service provider and a trusted advisor isn’t making promises̶it’s keeping them. With 23 oﬃces and resources around the world, your Marcum professionals won’t stop until success is in hand.

Success is a choice̶choose Marcum.

ASSURANCE • TAX • ADVISORY International Member of Leading Edge Alliance 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Content Previous Page Zoom In Zoom Out Next Page

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24 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL AUGUST 15, 2011

THE BEST PLACES TO WORK IN L.A.

Continued from page 22 also brings together many cross-func- risk, and they succeeded. services. Recent visitors to the Los Angeles tional teams to ensure it is implement- office from other United States offices and regularly rewarded and recognized. ing best practices from each of its six 28. Sheppard Mullin from its Dubai, Hong Kong, London and Jones Lang LaSalle believes that the regions. Staff and physicians also share At Sheppard Mullin, firm management Moscow offices have all complimented the manager-employee relationship is criti- common annual clinical quality and has succeeded in creating a satisfying envi- Los Angelse office on its quality of work, cal to successful performance and devel- customer service goals, making the orga- ronment that balances work and family. efficiency, teamwork, hospitality and com- opment. Employees are given the nization a thoughtful and purposeful The firm’s “Client’s First” initiative recog- fortable office environment. unique opportunity to inform their place to work. nizes attorneys and staff on a monthly managers of what “meaningful” rewards basis for hard work and extra effort, 31. Reznick Group look like to them. 26. Kaiser Permanente through an online congratulatory message Reznick encourages personal and profes- Kaiser Permanente employees are com- via the companywide intranet and a Nord- sional growth at every level of an employ- 24. Mattel Inc. mitted to their place of work because the strom gift card. The firm also honors both ee’s career, giving constant, productive One fundamental highlight that Mattel organization works on the philosophy employee community service efforts and feedback on performance and real-world employees point out time and time again that everyone’s “whole selves” can come diversity initiatives with separate annual opportunities for advancement. The man- is the camaraderie that is developed to work proudly. Minds focus on the mis- awards in these areas. agement encourages open communica- among their peers. Mattel is an organiza- sion of service; competitive wages sup- tions up and down the corporate chain of tion driven by creative, passionate, and port bodies; hearts see meaning in work; 29. Glendale Adventist Medical Center command and everyone knows what his innovative individuals, and employees and spirits are rewarded by fulfilling the GAMC’s employees say that some of the or her duties entail and what is expected value the relationships, trust and respect quest to enrich lives. On-site fitness cen- main reasons they work and stay at of them. Above all else, the firm has fos- that are fostered among their colleagues. ters, group fitness classes, and lunchtime GAMC include the mission-driven envi- tered a culture of teamwork, which perme- In addition, Mattel’s dedication to its phil- and after-work walking groups also help ronment and opportunities for advance- ates the work, the relationships with col- anthropic outreach efforts provides for employees “de-stress” and reach their ment. They also tell leadership that no leagues and every task the team takes on. powerful employee engagement, as wellness goals while making friends and other job they’ve had has had such ‘awe- employees rally around Mattel’s vision of having fun. some people’ working together as a team 32. Shared Technologies Inc. “making a meaningful difference, one — everyone is like family, making it fun to Shared is more than a company for which child at a time.” 27. Katten Muchin Rosenman LLP come to work. GAMC leadership also its employees work; it is a community that In 1974, 24 attorneys formed Katten thinks through issues and decisions in a shares its challenges, its burdens, its disap- 25. HealthCare Partners Muchin Zavis. They sought to create a law way that helps make sure that employees pointments, its joy, its talent and its suc- Medical Group Inc. firm that was more innovative and entre- feel supported. cess. Shared’s philosophy is that it is HealthCare Partners’ decentralized man- preneurial than those they had left. Their bound by more than a set of tasks and agement style empowers employees and goal was to provide superb legal services 30. SNR Denton US LLP goals. It is bound by a commitment of car- physicians throughout the organization and creative business advice to businesses SNR Denton’s global platform creates ing that transcends the work place and to make decisions about how to operate and individuals, while also creating the attractive business opportunities for its inspires employees to get the job done and their medical offices, so healthcare can best and most rewarding possible culture lawyers and lateral candidates. They are have fun in the process. The company also remain a local business. Innovation is and work environment for the firm’s most proud of their culture which nurtures qual- happens to offer uniquely strong employ- encouraged and rewarded. The company valued assets, the employees. They took a ity, collegiality and communication across ee health benefits.

Continued on page 26

health IS OUR BUSINESS

At Kaiser Permanente Southern California, we believe that our 3.4 million members and their health needs should inspire the way we do business. All of our employees, from our health care providers to our business professionals, embrace this mission to inspire, nourish, and protect the total health of the people and families who depend on us. If you are ready to enhance your career experience and realize your passion for helping others, we invite you to join us in making a difference. Visit our website and discover why Kaiser Permanente is one of the LA Business Journal’s “2011 Best Places to Work.”

jobs.kp.org

KAISER PERMANENTE IS PROUD TO BE AN EQUAL OPPORTUNITY/AFFIRMATIVE ACTION EMPLOYER. 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Content Previous Page Zoom In Zoom Out Next Page

AUGUST 15, 2011 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL 25

Maybe clients love our work because we love where we do it.

Bingham is recognized as:

ONE OF FORTUNE’S 100 BEST COMPANIES TO WORK FOR—SINCE 2005 FORTUNE MAGAZINE

A BEST PLACE TO WORK IN LOS ANGELES LOS ANGELES BUSINESS JOURNAL

A BEST PLACE TO WORK IN ORANGE COUNTY ORANGE COUNTY BUSINESS JOURNAL

A BEST PLACE TO WORK IN THE BAY AREA SAN FRANCISCO BUSINESS TIMES Ǯ SILICON VALLEY/SAN JOSE BUSINESS JOURNAL

A TOP LAW FIRM FOR DIVERSITY MULTICULTURAL LAW MAGAZINE Ǯ MINORITY LAW JOURNAL Attorney Advertising © 2011 Bingham McCutchen LLP One Federal Street, Boston MA 02110 T. 617.951.8000 Prior results do not guarantee a similar outcome. Bingham McCutchen™ 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Content Previous Page Zoom In Zoom Out Next Page

26 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL AUGUST 15, 2011

THE BEST PLACES TO WORK IN L.A. Continued from page 24

The Best Medium-Sized Companies to Work for in Los Angeles

1. Walker Financial Partners LLC that employees enjoy include luxurious ment of its employees. One of the unique provided lunches, and provide a Wii and Insurance & Financial Services weekly massages, a beautiful newly remod- programs that New Horizons features for a ping pong table. The company encour- Employees at Walker Financial Partners eled office space in Beverly Hills and fun its employees is its dance/exercise breaks ages its people to take time away from love the open dialogue, family atmosphere, and exciting social events. The firm prides in which the entire office takes a break work to have fun with one another, in an recognition and the work and support the itself on being environment friendly and from working and heads to the dance stu- attempt to strengthen team bonds and company provides to the community. community oriented and encourages the dio next door for a 30-minute dance relieve stress. Though in a conservative industry, the same from its people. There’s a popular “work out.” The company also features a company’s office maintains a down-to- employee lounge with a TV and a regular- Wii Bowling Tournament for all employ- 5. uSamp earth feel where long-lasting client rela- ly stocked assortment of healthy snacks, ees. Bowlers get to play three games each uSamp started as an organization that tionships and friendships among co-work- energy bars, nuts, fresh fruit, yogurt, during working hours. This promotes a employed a handful of sharp, energetic, ers are forged. Walker has a tight-knit team assorted juices, designer coffees and teas. rich team-building experience along with enthusiastic, and flexible entrepreneurs that maintains open communication and The company even provides a healthy din- the health benefits of mind/body activity. that were able to quickly grow the organi- is as comfortable challenging one another ner every night of the week for employees As a Corporate Advocate for Working zation to its current size. Often with as they are supporting each other. who work late during the busy season. Wardrobes, New Horizons supports the growth, comes unwanted change and Three times a year Walker has meetings The company offers flex work hours, mission to empower unemployed and shifts in procedures and company culture. between employees and management with the ability to work from home, on-site per- low-income individuals by increasing their What sets uSamp apart from most is that an open dialogue regarding how the firm is sonal development workshops, seminars self-esteem. The company also regularly the company is successful at committing doing and areas that need improvement. and conferences, and various other oppor- hosts clothing drives to provide men and to an environment of positive energy, Walker also conducts an office survey that tunities to promote a positive and ener- women with the professional dress neces- team-work, dynamic idea transfers, cultur- allows all employees to evaluate all aspects of getic work environment. Everyone works sary for job interviews and employment al celebration, professional growth, and the firm: from physical plant to performance together in a family type atmosphere and and recently donated over 60 computers creative/fun staff events. of specialists to a management report. They retention of talent is extremely high. and monitors to the local Youth Network also always find time to celebrate employee NSBN even offers summer employment organization, which provides shelter and 6. Wpromote Inc. birthdays once a month in the break room for employees’ family members who have education for homeless teens and foster Wpromote’s team of over 60 employees with cake, candles and singing. It’s this blend student status, and invites employee fami- youth. Such activities set an example and with a diverse set of talents, share a singu- of operational enhancements and lighter, ly members to the firm’s annual holiday reinforce the company’s encouragement lar focus to provide remarkable results for morale-boosters such as bringing in snacks party, picnic and Dodger Night. of all its employees to get involved with their clients, manages to consistently have and treats a couple times per month for the community on some level. fun doing their jobs. everyone to share that helped place Walker 3. New Horizons Computer Learning Among the various in-house activities right at the top of the list of 2011 Best Places Centers of Southern California 4. True Partners Consulting that keep the Wpromote team energized, to Work list, Medium Company category. New Horizons Computer Learning Centers The culture at True Partners Consulting is there’s the ping pong table set up – where of Southern California is an authorized well received by all its employees – large- employees or departments challenge each 2. NSBN LLP training provider for many industry-recog- ly because the firm strives for work life other. Wpromote also encourages employ- NSBN, a full-service CPA firm, has a work nized software and certification organiza- balance while providing individuals with ees to become members and join any environment that emphasizes teamwork, tions that is proud of its commitment to the opportunity to become tax experts. family, and good health. Perks & benefits the personal and professional develop- True Partners regularly offer company Continued on page 28

Palmer Lombardi & Donohue, LLP Because of you... we engineer drea s into reality. Our team thinks we’re super, but they’re the real superstars.

Thank you to all of our employees for making P2S Engineering one of the Best Places to Work in Los Angeles for three consecutive years. We are honored to be included among Mechanical | Electrical | Plumbing | Technology | Energy | Commissioning the Los Angeles Business Journal’s “Best Places to Work” www.p2seng.com 562.497.2999 www.pldlawyers.com • 213-688-0430 • [email protected] 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Content Previous Page Zoom In Zoom Out Next Page

AUGUST 15, 2011 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL 27

Join the Most Innovative Work Environment in the Industry

Ryan‘s innovative myRyan work environment gives employees the freedom Ryan employees have contributed thousands of and flexibility to achieve the highest level of success and productivity hours to charitable causes in all areas of their professional and personal lives. Ryan associates have in their communities. responded by delivering even higher levels of client service, value, and results. Ryan received the 2010 International Service Excellence Award from Ryan employees work where and when they are the Customer Service Institute of America (CSIA) for its commitment to most efficient and effective. world-class client service.

We’re committed to the growth of our employees and the communities Ryan was among only 31 where they live. Our corporate training program won the 2010 American organizations worldwide Society for Training & Development (ASTD) BEST Award. And our to receive the prestigious ASTD BEST Award. community outreach efforts have raised more than $3 million since 2005.

At Ryan, your talent is encouraged, your abilities are challenged, Ryan’s health and wellness program helps employees and your expertise is rewarded. achieve and maintain health and physical fitness. We sincerely thank our employees for voting Ryan one of the Best Places to Work The U.S. Department of in Los Angeles. Defense honored Ryan with the Patriot Award for personnel policies that support employee participation in the military.

Winner 2010

www.ryan.com

28 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL AUGUST 15, 2011

THE BEST PLACES TO WORK IN L.A.

Continued from page 26 door policy. Morley is a place where peo- employee opinions. GNW-Evergreen is a 8. Wong, Doody, Crandall, Wiener ple can use their talents as individuals in a growing, forward thinking and energized online advertising organizations or indus- Employees love coming to work at Wong, team atmosphere. Management is very organization that works hard, plays hard, try seminars to further their knowledge. Doody, Crandall, Wiener, where they personable and all levels are approachable values the individual, and strives to main- know their opinions are not only valued, and sincere when talking with other tain its “family feel” in the office. 7. RBZ LLP but expected. The office provides a relaxed employees. The company runs a very RBZ’s culture is driven by mutual respect atmosphere where dogs and flip flops are transparent business, sharing updates with 11. P2S Engineering Inc. where all employees can express their welcome. The firm works tirelessly and all employees. The organization is honest, P2S strives to support and offer its team opinions by encouraging two-way com- enthusiastically for its clients but knows full of integrity, and as responsible to its members the best resources and benefits, munication between staff and manage- the importance of winding down at the employees as it is to its clients. including fun activities, health challenges, ment. Partners make themselves available end of the day – and the ping pong table, and open environment; a healthy corpo- to listen to younger team members who, basketball hoop and Wii system help 10. GNW-Evergreen Insurance Services LLC rate culture with open door policy and sus- in turn, do not hesitate to express them- them do just that. To quote GNW-Evergreen employees tainability engraved into the heart of the selves to their supervisors. During the themselves, the owners genuinely care business; training and continued career busiest times, RBZ makes the work enjoy- 9. Morley Builders about the employees. Employees say that it development offered to all employees; a able by offering catered meals on week- Morley is like one big family working for is a pleasure working with a company like management team that is open to employ- nights, concierge services, car washes, the same common goal. The company GNW-Evergreen because care is shown to ee suggestions; family-oriented principals weekly manicures and massages. provides employees with a friendly, open each staff member, as well as respect for and firm; and state-of-the art technology and tools provided to all employees.

12. The Phelps Group The Phelps Group’s founder and CEO, Joe Phelps, is the author of “Pyramids Are Tombs,” a business book on the flattening of the organizational pyramid structure. He practices what he preaches by emphasizing the key elements of job satisfaction at the Phelps Group, including: recognition for a job well done; a healthy working environment; meaningful work; responsibility; “ City National shares accountability; equitable compensation; the chance to learn; the chance to do great work; and understanding how the work our passion for service.” relates to the overall goals. 13. Cal Net Technology Group Cal Net creates an entrepreneurial envi- We needed a loan and we needed it quickly. We ronment in which its technical staff get to do what they love to do - use their knowl- interviewed banks and ultimately decided on edge to optimize clients’ IT infrastructures. They are engaged on a daily basis to pro- City National because of their commitment to vide creative solutions and are sought customer service. With the help of our City National after regularly to provide intelligent reso- lutions to complex IT predicaments. Staff team, we were able to move ahead with our expansion is equipped with a strong climate of support and a culture of recognition and to help more people who need our services. appreciation, blended with an environment that empowers career paths and City National is The way up® for my organization. financial rewards.

14. CaseStack Inc. CaseStack is a fun, energetic, and rela- Pam Ferris tively casual company embracing growth, technology, flexibility and President & CEO opportunity. Creativity and collaboration Seacrest Village Retirement Communities are encouraged, and all levels of the organization are 100% accessible. All ideas for Hear Pam’s complete story at cnb.com/thewayup. improvement from any employee in the company are welcomed and taken seri- ously. For a relatively small company, CaseStack also provides its employees with a notably comprehensive employee benefits package.

15. TravelStore Experience the Diﬀerence. TravelStore is an employee-owned travel management company. With beautiful offices in great locations, the company Call (866) 792-8319 or visit cnb.com offers outstanding benefits and a large per- to ﬁnd a business banker near you. centage of the staff have been together for well over 10 years. Employees celebrate each others’ achievements, both professional and personal. The company strives to underscore that the enjoyment of the work is equally as important as the job itself.

16. Windes & McClaughry Accountancy Corporation Windes & McClaughry works to help its employees to have long, rewarding careers, and is committed to helping them establish a balance between their personal and professional lives. Employees are

Continued on page 30

City National Business Banking Member FDIC 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Content Previous Page Zoom In Zoom Out Next Page

AUGUST 15, 2011 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL 29

Industry Insight. Number Solid.

One of the best companies to do business with in LA, has just been The vision to see the named one of the Best Places to Work in LA.

next opportunity. The While we are deeply honored, we are not surprised.

knowledge to help you When your corporate culture demands the very best in client service and the timely delivery of a high quality product for take advantage of it. each and every engagement, the results speak for themselves. Throughout our ﬁrm, our professional staff remains energized, laser-focused and highly motivated year after year, consistently providing our clients with the world class service they have come to expect from us.

As a top 20 national CPA ﬁrm, Reznick Group provides accounting, tax and business advisory services that help our clients uncover new ﬁnancial opportunities in their respective industries.

To learn more, visit: www.reznickgroup.com 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Content Previous Page Zoom In Zoom Out Next Page

30 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL AUGUST 15, 2011

THE BEST PLACES TO WORK IN L.A.

Continued from page 28 throughout the year and provides great Fridays, yoga classes, a corporate softball are not only welcome but often imple- benefits, continuing education, room for team, and monthly employee gatherings mented by top management. development to make certain that client growth, and hiring within. The firm also as well as quarterly social events. service requirements are provided by the hosts several events during the year 26. VHA most qualified and competent profession- including community related functions. 23. Cydcor Inc. VHA has a holistic culture of body, mind, als. The philosophy is that employee satis- The firm provides internal computer train- Cydcor maintains a commitment to fostering and sprit. Vincent Huang, its founder and faction ensures client satisfaction. ing and has state of the art equipment. and sustaining a strong, value-based culture President, has an ideology of “love and and a solid “team” orientation that feels like family,” which he extends to his employ- 17. NorthStar Moving Corporation 20. Prosum Technology Services an extended family to team members. The ees, clients, and business associates. At NorthStar employees love having work flex- Prosum’s executive and management company also fosters frequent, and meaning- VHA, employees receive 100% paid ibility, the ability to be promoted from teams are highly accessible and are com- ful communication that keeps all team mem- health, dental, vision and life insurance. within, and an engaging work atmosphere. mitted to helping its employees grow and bers informed of all relevant and important Free daily catered healthy lunches, fresh A true family atmosphere, NorthStar wel- achieve. Prosum also endeavors to create a information about the business, people, and fruit, vitamins, sanitizers and workout gear comes employees to bring their child or team environment where everyone sup- culture. And it is indeed a culture of openness are provided. Professional and mind devel- spouse to work any time. All company par- ports one another as both employees and to feedback and commitment to taking opment is fostered through tuition reim- ties and activities are also family friendly. as individuals. Prosum organizes several action to constantly improve. bursement and in-house training. Employees frequently attend each other’s events each year aimed at providing team major life events such as baby showers, bonding, interdepartmental networking 24. Green Hasson Janks 27. Giroux Glass Inc. weddings etc. Employees are thought of as opportunities, and just plain fun. Green Hasson Janks employees say they While Giroux Glass is considered a “big team members and management is on that like having the opportunities to work on player” in the world of glaziers, it has same team – families and all. 21. Leads360 Inc. complex projects across multiple indus- managed to keep the “mom and pop” feel At Leads360, employees treat each other as tries and services. They also have been among its employees. The climate at the 18. Partners Trust Real Estate Brokerage if they are one family with a common goal. known to remark that they were attracted company is friendly and understanding. Partners Trust offers all its employees a par- From the company’s casual dress code, to to the firm in the first place by its friendly Managers have always exercised an open ticularly welcoming office environment. the real Starbucks coffee machine in the environment and the fact that people door policy and the employees have Staff are cordial and each office location break room, Leads360 creates a comfort- seem genuinely committed to the organi- expressed their appreciation of how man- seems to emit the same positive vibe both able environment that encourages employ- zation. Plus, employees are very proud of agement continually considers each part- from associates and staff. The modern office ees to want to contribute to the overall suc- the firm’s involvement in the community, ner’s personal situations and accommo- working spaces include patio areas and wifi cess of the company. As a medium sized demonstrating a similar commitment dates those situations accordingly. connectivity to encourage an open working startup, employees have the ability to regu- through their participation in its annual environment, free of cubicles and clutter. In larly interact with just about every person, community day and other volunteer work. 28. Los Angeles Federal Credit Union short, this is a real estate brokerage firm that regardless of rank or department. LACFU employees say that the credit genuinely promotes stress-free work spaces 25. iolo technologies LLC union provides its people with great bene- and a green/paperless workplace. 22. CPEhr iolo is committed to fostering and build- fits, good pay, and room for advancement. At CPEhr, management genuinely cares ing new talent, with ample opportunities Employees feel that the credit union really 19. Rutter Hobbs & Davidoff about all employees and the quality of for education, growth, and professional cares about them. They are recognized in Rutter Hobbs & Davidoff employees appre- their lives. The company offers a competi- development. Not a “revolving-door” sort many ways, and feel appreciated. Even as ciate the congenial atmosphere of the law tive salary and rich benefits package of place, iolo is interested in getting and the economy suffered recently the compa- firm. They appreciate that they are valued including immediate contribution and keeping good people around. The company did not lay anyone off. There is a high- as employees and that their employers matching percentage to 401K and several ny’s open-door policy and flat organiza- ly positive culture where employees are take care of them. The firm rewards wellness plans from which to choose. tion structure are among the things that valued and empowered and know that if employees both verbally and monetarily Employees can also participate in casual keep people around - ideas or suggestions they work hard, they will be rewarded.

CALL FOR NOMINATIONS

Nomination Deadline: Friday, September 16, 2011

Awards will be presented Luncheon & in the following categories: Awards Ceremony: • Public Company October 25, 2011 • Private Company 11:00 a.m. - 1:30 p.m. • Nonproﬁt Company • Government/Municipal/ Millennium Biltmore Hotel Public Sector 506 S. Grand Ave., • Rising Star Los Angeles, CA 90071

For more information please visit www.labusinessjournal.com/bizevents, or contact Marissa De La Cruz at [email protected]

PRESENTING SPONSOR: PLATINUM SPONSOR:

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AUGUST 15, 2011 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL 31

THE BEST PLACES TO WORK IN L.A.

The Best Small Companies to Work for in Los Angeles

1. Vaco Los Angeles LLC found that the best way to relieve some gather around the conference room table to arrange an all-expenses-paid (air fare Vaco, an employment and staffing stress is to stir some friendly competition. and enjoy a breather. and hotel) “educational trip” for the staff agency, aims to provide its employees At any given time, an intense match on to a major destination in the US. with an unparalleled work/life balance the company’s in-house ping-pong or 4. Mansour Travel Company with flexible work hours, part-time and foosball table is likely to be taking place. Mansour’s office in Beverly Hills is deco- 5. Onisko & Scholz, Certified Public full-time positions and telecommuting There’s also always time for celebrations. rated with fine works by prominent con- Accountants opportunities. This work/life balance is Whether it’s St. Patrick’s Day, Halloween temporary artists resulting a unique and Onisko & Scholz’ philosophy is “family the foundation to Vaco’s corporate envi- or a colleague’s birthday, the company inviting office environment. The staff first, work second.’ The Partners realize ronment. The company has an extremely makes it a point to take the time to receives great travel benefits, generous the importance of a work-life balance. The family friendly atmosphere at the office – decompress with a themed lunch, birth- bonuses and incentives and an open-door firm works in teams of three so that if a encouraging the sharing of family birthday cake or a fun event. There’s also Fri- policy. The company arranges dinners staff member has to leave early, or miss a day parties and many social events. In day lunches. Tough schedules and hard and staff outings several times a year at a addition, perks such as regular in-office work are acknowledged with impromptu nice restaurant where the entire staff is massages, annual corporate retreats to lunches. This gives the teams time to invited. Twice a year the company works Continued on page 32 places such as Costa Rica, Montego Bay, Lake Tahoe and Panama, and generous incentive and bonus programs add additional fuel for the company’s remarkably high morale. Vaco is a place where employees are encouraged to grow and succeed by providing a general atmosphere of empower- ment unique to each employee’s needs. From the highest level of the company, it is believed that the Vaco’s unique culture is the key to its success. The company is currently planning its 4th annual Yacht Cruise in Marina Del Rey. All employees come together, with food and drinks, and plugs in the iPod, and they spend the afternoon cruising the Marina – and cruising to the top of 2011’s Best Places to Work List, Small Companies category!

2. Dawson Company A remarkable 42% of Dawson Company employees have been with the organization for over ten years, which is an indicator of the strong allegiance that employees have to the company, which supplies commercial HVAC and plumbing products to the Hydronics Industry. This strong allegiance is a result of several factors. For one, Dawson Company offers a very lucrative benefits package that entices employees to build long-lasting careers with the company. Secondly, the office environment is professional while also harnessing a sense of family and laughter. This fosters an atmosphere where employees actually want to come to work. Third, and perhaps most important, is that every Dawson Company employee knows that the Company truly cares about his or her well being — mind, body and soul. The Company regularly surprises employees with meals for various reasons, such as: a successful month, exceeding a target goal, collecting money, etc. These meals include breakfasts, dining out at a restaurant or sometimes a parking lot barbeque. These meals help employees relax and gather with fellow co-workers. Perhaps most important of all, however, is the fact that every Dawson employee is empowered by management to make work-related decisions on a daily basis.

3. The1stMovement LLC The1stMovement, a digital agency, is a great place to work because the company takes every effort to create an environment where people will want to be. The company often hears from employee candidates that they are applying for a position with The1stMovement because of what the company’s clients and current employees have to say about them. It’s an organization of people who work hard but who know how to have fun — and it shows! The work is tough…but the competition is tougher! The1stMovement has 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Content Previous Page Zoom In Zoom Out Next Page

32 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL AUGUST 15, 2011

THE BEST PLACES TO WORK IN L.A.

Continued from page 31 where there is a unique loyalty among all soft drinks and a variety of snacks for grow, and they enjoy the company’s employees and management. The compa- everyone to enjoy. fun, friendly culture. And there is no day of work, he or she can seamlessly ny makes a point of being good to its shortage of spirited fun — an employee hand his or her assignment off to another employees. GlobalWide provides great 11. Hoffman Brown Company recently spearheaded a Wii bowling team member. The firm also has imple- healthcare benefits and goes above and Every employee at Hoffman Brown has tournament in the office. Another mented flexible work schedules. The firm beyond in terms of giving back to their the opportunity to serve and interact employee created a tradition of a is fun, flexible, provides growth opportu- employees. They bring food in for all with the company’s clients in some Thanksgiving potluck. The company is a nities and its partners are easy to talk to. employees at least twice a week, take meaningful way. And goals are shared warm, welcoming place, so it’s common employees on company outings and regu- from top to bottom — annual profit is for staff to initiate fun activities outside 6. Financial Finesse Inc. larly give employees generous gifts. shared by all, when the organization is of the office together as well. Financial Finesse has a team oriented, successful. Hoffman Brown has no solid family-like environment that welcomes 9. Murphy O’Brien Public Relations walls – each office is glass, helping add to 14. King, King, Alleman & Jensen new ideas and values individual employ- Murphy O’Brien offers employees cre- the company’s open, respectful commu- Accountancy Corporation ee feedback. Employees are encouraged to ative workspace, flexibility, birthdays nication style that exists between all King, King, Alleman & Jensen’s guiding challenge themselves and to take on off, additional time off, weekly awards, employees. The company believes that a principles/core values include trust, more responsibility so that they are con- and a chance to work on amazing logical workflow serves both the client respect, quality and loyalty. To make these tinually growing in their career develop- clients. Each department has monthly and the employee best. core values tangible in the workplace, the ment and offered training to help them team outings ranging from wine tasting firm maintains a friendly atmosphere, improve our skills. Financial Finesse also events and bowling parties to movie 12. Fulcrum Inquiry extensive benefits, long-term client rela- pays 100% for employee health, vision, excursions. To reward its staff for hard Fulcrum’s employees receive greater tionships, a wide variety of experience for and dental benefits. work and accomplishments, Murphy responsibility, more input, and better entry-level professionals and the ability to O’Brien offers monthly “Pep Squad” sur- work experience earlier in their careers. In advance with the company while gaining 7. FPA Technology Services Inc. prises. These can be anything from gift serving Fulcrum’s clients – some of the a working knowledge of tax laws and FPA has a family approach to the way it certificates to Starbucks, herb growing largest and broadest reaching organiza- accounting pronouncements. does business. The company strives to kits to promote “green living” for Earth tions in the world – employees are build a “culture of constant improvement” Day, movie tickets, etc. exposed to complex and interesting busi- 15. Environetics by taking a personal interest in its staff, ness problems that do not have routine Environetics’ Highly valued individual their careers, and their aspirations. When 10. Palmer, Lombardi & Donohue LLP solutions. From a work experience per- and team employee contributions regular- new staff members join the team, FPA Palmer, Lombardi & Donohue LLP (PLD) spective, employees get the advantages of ly produce programs such as the compa- talks with them about their short-term offers a professional and positive work- a world-class accounting and consulting ny’s Sustainable Interiors Division. and long-term career goals and objectives. ing environment. There is a positive firm, with the personal attention that can Employee training and development, FPA then provides projects and training team environment and PLD has contin- only occur at a smaller firm. opportunities to work on first-rate pro- that stretches their skills to new heights. ued to increase benefits, a real challenge jects, respect for inventive ideas, and the in the current economic times. PLD 13. Bovitz Research Group freedom to pursue new initiatives while 8. GlobalWide Media allows employees flexibilty in work Bovitz employees love their actual line maintaining a work-life balance are GlobalWide is small and privately-owned, schedules to accommodate commuting of work itself, they benefit from the among the traits that make Environetics a which allows for a family atmosphere and family needs. The firm provides free opportunity to continuously learn and great firm to work for.

Clockwise from far At the Event left: Peter Burke of event partner Best Companies Group; Lynn Fernandez of event sponsor Bank of America, Business Journal Publisher Matt Toledo, and Graciela Meibar of event sponsor Mattel; Fernandez and Meibar with special honorees. 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Content Previous Page Zoom In Zoom Out Next Page

AUGUST 15, 2011 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL 33 The Best Places to Work in L.A.

SMALL COMPANIES (15-49 employees)

Rank Name Local Corporate Web site Company overview Total Average annual Average Top executive Headquarters number of salary for exempt annual title Address employees employees salary for in California, (including partners non-exempt full and if salaried) employees part time*

1 Vaco 6701 Center Drive vaco.com/los-angeles staffing and executive search 16 $75,000 $45,000 Frances Moreno Los Angeles LLC West, Suite 960, managing Los Angeles, CA 90045 partner 2 Dawson Co. 1681 W. Second St., dawsonco.com plumbling and heating equipment 30 66,300 34,000 Ric Serafin Pomona, CA 91766 manufacturer’s representative ceo, president 3 The1stMovement 1010 E. Union St., the1stmovement.com advertising 17 78,896 NA Ming Chan LLC Suite 120, ceo Pasadena, CA 91106 4 Mansour Travel Co. 345 N. Maple Drive, mansourtravel.com travel services 16 80,000 51,000 Virginia Kay Suite 210, Mansour Beverly Hills, CA 90210 co-founder, president

5 Onisko & Scholz 5000 E. Spring St., oniskoscholz.com accounting firm 18 80,000 50,000 Paul P. Scholz Certified Public Suite 200, managing Accountants Long Beach, CA 90815 partner 6 Financial Finesse 221 California St., financialfinesse.com financial services 9 65,000 NA Liz Davidson Inc. El Segundo, CA 90245 founder, ceo 7 FPA Technology 16000 Ventura Blvd., fpainc.com information technology 24 69,835 36,400 Craig Pollack Services Inc. Suite 702, founder, ceo Encino, CA 91436 8 GlobalWide Media 2945 Townsgate Road, globalwidemedia.com advertising agency 30 70,000 NA Farshad Suite 350, Westlake Fardad Village, CA 91361 ceo 9 Murphy O’Brien 1630 Stewart St., murphyobrien.com public relations 33 NA NA Karen Murphy Public Relations Suite 140, O’Brien Santa Monica, CA chairwoman, 90404 ceo 10 Palmer Lombardi 888 W. Sixth St., pldlawyers.com law firm 30 135,625 49,085 E. Scott Palmer & Donohue LLP 12th Floor, managing Los Angeles, CA 90017 partner 11 Hoffman Brown 5000 Van Nuys Blvd., hoffmanbrown.com insurance broker 46 99,000 45,000 Steven M. Co. Sixth Floor, Brown Sherman Oaks, CA president 91403 12 Fulcrum Inquiry 888 S. Figueroa St., fulcrum.com financial consultant 16 100,640 25,000 David Nolte Suite 2000, managing Los Angeles, CA 90017 partner 13 Bovitz Research 16133 Ventura Blvd., bovitzresearchgroup.com market research 22 101,000 43,000 Greg Bovitz Group Suite 820, ceo, president Encino, CA 91436 14 King King Alleman 303 N. Glenoaks kkajcpa.com accounting firm 17 NA NA Dennis V. King & Jensen Blvd., Suite 750, president, Accountancy Corp. Burbank, CA 91502 managing partner 15 Environetics 8530 Venice Blvd., environetics.com commercial interior design firm 15 55,000 45,000 Rodney Stone Los Angeles, CA 90034 president

MEDIUM SIZED COMPANIES (50 to 249 employees)

1 Walker Financial 4165 E. Thousand walkerfinancialpartners.com insurance and financial services 50 $60,000 $45,000 Robert E. Partners LLC Oaks Blvd., Suite 180, Walker Insurance & Westlake Village, CA ceo, president Financial Services 91362

2 NSBN LLP 9454 Wilshire Blvd., sbn.com accounting firm 65 70,000 55,000 Kenneth A. Miles Fourth Floor, managing Beverly Hills, CA 90212 partner

3 New Horizons 333 N. Glenoaks Blvd., nhsocal.com technology educator 30 52,867 N/A Kevin Landry Computer Learning Suite 400, ceo, president Centers of Burbank, CA 91502 Southern California

*rankings are by number of full-time employees ➼ 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Content Previous Page Zoom In Zoom Out Next Page

34 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL AUGUST 15, 2011

MEDIUM SIZED COMPANIES (continued)

4 True Partners 633 W. Fifth St., tpctax.com tax and business advisory 24 $130,000 $52,000 Cary D. Consulting Los Angeles, CA 90017 McMillan ceo 5 uSamp 16501 Ventura Blvd., usamp.com market research 53 85,822 32,000 Matt Dusig / Suite 250, Gregg Lavin Encino, CA 91436 ceo/president 6 Wpromote Inc. 999 N. Sepulveda Blvd., wpromote.com marketing 70 58,171 38,480 Michael El Segundo, CA Mothner 90245 ceo, president 7 RBZ LLP 11755 Wilshire Blvd., rbz.com accounting firm 111 106,000 56,000 David Roberts Ninth Floor, managing Los Angeles, CA 90025 partner 8 Wong Doody 8500 Steller Drive, wdcw.com advertising 57 NA NA Ben Wiener Crandall Wiener Suite 5, ceo Culver City, CA 90232 9 Morley Builders 2901 28th St., morleybuilders.com construction 161 110,900 43,000 Mark Benjamin Santa Monica, CA ceo, president 90405 10 GNW-Evergreen 16030 Ventura Blvd., gnw-evergreen.com insurance broker 75 128,000 64,000 Andrew Forchelli Insurance Services Suite 500, president LLC Encino, CA 91436 11 P2S Engineering 5000 E. Spring St., p2seng.com engineering 82 95,930 46,237 Kevin Peterson Inc. Eighth Floor, ceo, president Long Beach, CA 90815 12 The Phelps Group 901 Wilshire Blvd., thephelpsgroup.com advertising and public relations 68 74,900 NA Joe Phelps Santa Monica, CA ceo 90401 13 Cal Net 9241 Reseda Blvd., calnettech.com information technology 52 90,282 47,155 Zack Schuler Technology Group Suite 200, Northridge, ceo, president CA 91324 14 CaseStack Inc. 2850 Ocean Park casestack.com logistics outsourcing services 67 65,000 41,000 Dan Sanker Blvd., Suite 100, Santa ceo, president Monica, CA 90405 15 TravelStore Inc. 11601 Wilshire Blvd., travelstoreusa.com travel services 56 100,000 50,151 Wido L. Schaefer Los Angeles, CA 90025 chairman, ceo 16 Windes & 111 W. Ocean Blvd., windes.com accounting firm 100 105,000 54,000 John L. Di Carlo McClaughry 22nd Floor, president, Accountancy Corp. Long Beach, CA 90802 managing partner 17 NorthStar 9120 Mason Ave., northstarmoving.com moving company 77 NA NA Ram Katalan Moving Corp. Chatsworth, CA 91311 founder, president 18 Partners Trust 9378 Wilshire Blvd., thepartnerstrust.com real estate 62 500,000 40,000 Nick Segal Real Estate Second Floor, president Brokerage Beverly Hills, CA 90212 19 Rutter Hobbs 1901 Avenue of the rutterhobbs.com law firm 65 255,850 54,034 Brian Davidoff & Davidoff Stars, Suite 1700, managing Los Angeles, CA 90067 director 20 Prosum Technology 2321 Rosecrans prosum.com information technology consultant 89 99,382 45,609 Ravi Chatwani Services Ave., Suite 4225, ceo El Segundo, CA 90245 21 Leads360 Inc. 222 N. Sepulveda Blvd., leads360.com software developer 59 70,000 45,000 Nick Hedges Suite 1850, president El Segundo, CA 90245 22 CPEhr 9000 Sunset Blvd., cpehr.com human resources outsourcing 80 87,036 47,176 Harold Walt West Hollywood, CA ceo 90069 23 Cydcor Inc. 3011 Townsgate Road, cydcor.com outsourced sales 60 98,365 40,345 Gary Polson Suite 400, Westlake ceo Village, CA 91361 24 Green Hasson 10990 Wilshire Blvd., greenhassonjanks.com accounting firm 95 112,000 63,000 Leon Janks Janks 16th Floor, managing Los Angeles, CA 90024 partner 25 iolo technologies 7470 N. Figueroa St., iolo.com software developer 70 75,000 26,000 Noah T. Rowles LLC Los Angeles, CA 90041 founder, ceo 26 VHA & Eureka 17038 Evergreen Place, vhacorp.com pre-paid wireless sales and distribution 61 61,000 36,000 Vincent Huang/ City of Industry, CA Jimmy Huang 91745 ceo/president 27 Giroux Glass Inc. 850 W. Washington girouxglass.com construction 63 96,300 36,800 Anne-Merelie Blvd., Suite 200, Murrell Los Angeles, CA 90015 ceo 28 Los Angeles 300 S. Glendale Ave., lafcu.org financial services 147 89,357 38,264 John T. Dea Federal Credit Union Glendale, CA 91205 ceo, president

*rankings are by number of full-time employees 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Content Previous Page Zoom In Zoom Out Next Page

AUGUST 15, 2011 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL 35

LARGE COMPANIES (250 or more employees)

1 Point B 6080 Center Drive, pointb.com consulting 27 $161,000 $74,000 Patrick McCauley Suite 600, practice director Los Angeles, CA 90045 2 North Highland 4640 Lankershim Blvd., northhighland.com consulting 16 145,000 NA Dan Reardon Suite 305, ceo North Hollywood, CA 91602 3 Equity Office 6080 Center Dr., equityoffice.com real estate 68 120,727 50,186 Frank Campbell Suite 200 market Los Angeles, CA 90045 managing director 4 Bryan Cave LLP 120 Broadway, bryancave.com law firm 112 280,787 60,752 Don Lents Suite 300, chairman Santa Monica, CA 90401 5 PCL Construction 700 N. Central Ave., pcl.com construction 85 98,000 39,000 Peter Beaupre Services Inc. Suite 700, president Glendale, CA 91203 6 CresaPartners 11726 San Vicente cresapartners.com real estate 47 213,053 65,042 Gerald A. Porter Blvd., Suite 500, founding Los Angeles, CA 90049 principal 7 Slalom Consulting 1500 Rosecrans Ave., slalom.com consulting 47 132,000 NA Chris Lord Suite 410, general Manhattan Beach, CA manager 90266 8 Bingham 355 S. Grand Ave., bingham.com law firm 201 469,186 63,491 Jay Zimmerman McCutchen LLP Suite 4400, chairman Los Angeles, CA 90071 9 Bentley Prince 14641 E. Don Julian bentleyprincestreet.com carpet manufacturer 238 74,336 32,000 Anthony P. Street Inc. Road, Minite City of Industry, CA president 91746

*rankings are by number of full-time employees ➼

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wellsfargo.com Pasadena New York São Paulo London Singapore Hong Kong Tokyo Melbourne © 2011 Wells Fargo Bank, N.A. All rights reserved. Member FDIC. (594403_02708) 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Content Previous Page Zoom In Zoom Out Next Page

36 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL AUGUST 15, 2011

LARGE COMPANIES (continued)

10 Ryan LLC 601 S. Figueroa St., ryan.com corporate tax advisory services 37 $69,500 $49,000 G. Brint Ryan Suite 1370, ceo, managing Los Angeles, CA 90017 principal 11 Aerotek Inc. 8550 Balboa Blvd., aerotek.com recruiting and staffing 33 NA NA Tom Thornton Suite 234, ceo, president Northridge, CA 91325 12 GolinHarris 601 W. Fifth St., golinharris.com public relations 75 90,000 36,000 Judy Johnson Fourth Floor, regional man- Los Angeles, CA 90071 aging director 13 Lockheed Federal 2340 Hollywood Way, lfcu.com financial services 382 85,923 43,180 Dave Styler Credit Union Burbank, CA 91510 ceo, president

14 HKS Architects 9441 W. Olympic Blvd., hksinc.com architecture firm 36 NA NA H. Ralph Inc. Beverly Hills, CA Hawkins 90212 ceo, president 15 Altour 12100 W. Olympic altour.com travel services 77 NA NA Alexandre International Inc. Blvd., Suite 300, Chemla Los Angeles, CA 90064 president 16 Edmunds.com 1620 26th St., edmunds.com online automotive publisher 394 128,821 51,164 Jeremy Anwyl Suite 400 S., ceo Santa Monica, CA 90404 17 Wells Fargo & Co. 333 S. Grand Ave., wellsfargo.com financial services 9,723 NA NA John Stumpf Suite 1100, chairman, ceo, Los Angeles, CA 90071 president 18 Getty Images 6300 Wilshire Blvd., gettyimages.com digital media 93 80,447 44,203 Jonathan Klein 16th Floor, co-founder, ceo Los Angeles, CA 90048

*rankings are by number of full-time employees

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AUGUST 15, 2011 AN ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL 37

LARGE COMPANIES (continued)

19 Protiviti Inc. 400 S. Hope Street, protiviti.com consulting 65 NA NA Joseph A. Suite 900, Tarantino Los Angeles, CA 90071 ceo, president 20 Rothstein Kass 9171 Wilshire Blvd., rkco.com accounting firm 116 $116,452 $47,122 Steve Kass/ Fifth Floor, Howard Altman Beverly Hills, CA co-managing 90210 principals 21 Transwestern 601 S. Figueroa St., transwestern.net real estate 65 83,732 45,616 George Garfield Suite 2750, president, Los Angeles, CA 90017 West region 22 Western Asset 385 E. Colorado Blvd., westernasset.com investment manager 597 NA NA James W. Management Co. Pasadena, CA Hirschmann 91101 ceo 23 Jones Lang 2361 Rosecrans Ave., us.am.joneslanglasalle.com real estate 392 86,086 63,966 Jan Pope LaSalle Suite 150, market El Segundo, CA director, 90245 Southwest region 24 Mattel Inc. 333 Continental Blvd., mattel.com toy manufacturer 1,760 NA NA Robert Eckert El Segundo, CA chairman, ceo 90245 25 HealthCare 19191 S. Vermont Ave., healthcarepartners.com health care 3,183 121,973 36,146 Robert Partners Medical Suite 300, Margolis Group Inc. Torrance, CA 90502 ceo 26 Kaiser 100 S. Los Robles Ave., kp.org health care 25,500 NA NA Benjamin K. Chu Permanente Suite 601, Pasadena, president, CA 91101 Southern California region 27 Katten Muchin 2029 Century Park kattenlaw.com law firm 139 NA NA Vincent A.F. Sergi Rosenman LLP East, national Suite 2600, managing Los Angeles, CA 90067 partner 28 Sheppard Mullin 333 S. Hope St., sheppardmullin.com law firm 498 113,626 61,473 Guy Halgren Los Angeles, CA chairman 90071 29 Glendale Adventist 1509 Wilson Terrace, glendaleadventist.com hospital 1,950 92,185 59,633 Morre L. Dean Medical Center Glendale, CA 91206 ceo, president

30 SNR Denton US 601 S. Figueroa St., snrdenton.com law firm 65 150,165 62,928 Elliott I. Portnoy LLP Suite 2500, chairman, ceo Los Angeles, CA 90017 31 Reznick Group 1888 Century Park reznickgroup.com accounting firm 25 NA NA Ken Baggett East, Suite 500, ceo, managing Los Angeles, CA 90067 principal 32 Shared 12110 E. Slauson Ave., sharedtechnologies.com telecommunications 63 66,195 69,837 Glenn Means Technologies Inc. Suite 4, president Santa Fe Springs, CA 90670

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38 LOS ANGELES BUSINESS JOURNAL DATA BANK AUGUST 15, 2011

CONVENTIONS 9 a.m. CALENDAR Monday, Aug. 22 Greater Lakewood Chamber of Commerce Business Technology Expo 24 Lakewood Center Mall • Expo Mexico Emprende Tuesday, Aug. 16 Sponsor: Hispanic Engineers Business Corp. Free Aug. 19-21 8 a.m. (866) 382-7822 (323) 352-8293 Jobs in Health Care California State University, Los Angeles Sponsor: Challenger Networking Group Golden Eagle Conference Center Saturday, Aug. 27 Noon 5151 State University Drive, Los Angeles • Hemp Con Zen Buffet $25 (RSVP required) Alternative Energy in Global Business Aug. 26-28 21610 Victory Blvd., Woodland Hills (626) 683-9725 Sponsor: UCLA Extension (626) 961-6522 $11 (for lunch) 9 a.m. (818) 992-4270 Networking Mixer UCLA Extension Building Exxxotica Expo Sponsor: Long Beach Area Chamber of Commerce 10995 Le Conte Ave., Westwood • Wednesday, Aug. 17 5:30 p.m. $165 Aug. 26-28 Entertainment Law Lofts at Promenade (310) 206-5075 (215) 462-8800 Sponsor: Beverly Hills Bar Association 225 Long Beach Blvd., Long Beach Noon $10 (RSVP required) Senior Clean Air Fair (562) 436-1251 Tuesday, Aug. 30 • Lawry’s Sept. 15 Speed Networking 100 N. La Cienega Blvd., Beverly Hills (909) 396-2221 $125 Wednesday, Aug. 24 Sponsor: Santa Monica Chamber of Commerce (310) 601-2423 Business Plan Workshop 5:30 p.m. Wizard World Comic Con Sponsor: Beverly Hills Chamber of Commerce 1234 6th St., Santa Monica • Sept. 24-25 Evening With the Mayor 5:30 p.m. $25 Sponsor: Beverly Hills Chamber of Commerce Mercedes-Benz of Beverly Hills (310) 393-9825 (646) 380-2475 5:30 p.m. 9250 Beverly Blvd., Beverly Hills Greystone Mansion $25 Wednesday, Aug. 31 Fall Home and Garden Show (310) 248-1000 • 905 Loma Vista Drive, Beverly Hills Networking Breakfast Sept. 30 $45 Sponsor: Greater San Fernando Valley Chamber of (800) 999-5400 (310) 248-1000 After Hours Mixer Sponsor: Alhambra Chamber of Commerce Commerce 7:15 a.m. Saturday, Aug. 20 5:30 p.m. • Ultimate Women’s Expo Platt College Braemar Country Club Oct. 1-2 1-Day Real Estate Boot Camp 100 S. Fremont Ave., Alhambra 4001 Reseda Blvd., Tarzana (866) 618-3434 Sponsor: UCLA Extension $15 $35 9 a.m. (626) 282-8481 (818) 989-0300 Extension Lindbrook Center • Grow 10920 Lindbrook Drive, Westwood Thursday, Aug. 25 Wednesday, Sept. 7 Oct. 1-2 $165 Creating New Ideas for Business Success [email protected] (310) 206-1555 Business Card Exchange Sponsor: VEDC Sponsor: Santa Fe Springs Chamber of Commerce 4 p.m. Green Festival L.A. Survival in a Bad Economy 7:30 a.m. • 5121 Van Nuys Blvd., Van Nuys Oct. 29-30 Sponsor: VEDC Heritage Park $10 (800) 584-7336 4 p.m. (818) 907-9922 12100 Mora Drive, Santa Fe Springs 5121 Van Nuys Blvd., Van Nuys $25 $10 Amazing Pub Crawl (562) 944-1616 • Blogworld & New-Media Expo (818) 907-9922 Sponsor: thinkLA Nov. 2-5 6 p.m. (858) 366-2962 Sunday, Aug. 21 31Ten Lounge To be considered for publication, Calendar listings 3110 Main St., Santa Monica should be submitted at least three weeks in advance Casino Night • West Coast Franchise Expo Sponsor: Beverly Hills Bar Association Barristers $500 of the event. Listings can be submitted by e-mail to (310) 823-7320 Nov. 4-6 5 p.m. [email protected] or by mail to: (201) 881-1658 Capital Grille Los Angeles Business Journal 8614 W. Beverly Blvd., Los Angeles Friday, Aug. 26 Calendar $60 Project Management 5700 Wilshire Blvd. #170 (310) 601-2423 Sponsor: Federal Technology Center Los Angeles, CA 90036 L.A. Convention Center, (213) 741-1151, ext. 5340

Chapter: 11 Blue Mi Stone Inc.; Blue Stone Inc. Bree Enterprises LLC Assets: N/A BANKRUPTCIES Assets: N/A (Business type N/A) DBA: Bree’s Pet Depot Debts: N/A Debts: N/A 600 E. Washington Blvd., # W-2 (Business type N/A) Doc# LA11-40231-SK Grapevine Productions LLC Doc# LA11-39696-RN L.A. 90015 23219 W. Via Flored File-Date: 07/14/11 (Business type N/A) File-Date: 07/11/11 Chapter: 7 Valencia 91355 David L. Neale 4641 Crown Ave. Kyungsoo Ken Park Assets: N/A Chapter: 7 310-229-1234 La Canada Flintridge 91011 213-427-9727 Debts: N/A Assets: $14 Chapter: 11 Doc# LA11-40051-RN Debts: $525,756 Figueroa Tower II LP Assets: N/A Briarfield Group Inc. File-Date: 07/13/11 Doc# LA11-40168-BB (Single-asset real estate) Debts: N/A (Investments) Diane B. Carey File-Date: 07/14/11 2209 S. Santa Fe Ave. 323-586-0119 L.A. 90058 Doc# LA11-39626-BB 19227 Briarfield Way G. Marshall Hann Chapter: 11 File-Date: 07/11/11 Tarzana 91356 661-255-3600 Palos Verdes Development Group LLC Assets: N/A Robert M. Yaspan Chapter: 7 (Business type N/A) James Charles Design Inc. Debts: N/A 818-905-7711 Assets: N/A 4570 Van Nuys Blvd., #131 Doc# LA11-40233-SK Debts: N/A (Business type N/A) Sherman Oaks 91403 525 E. Seaside Way, Suite #1509 File-Date: 07/14/11 California Computer Center Corp. Doc# SV11-18336-MT Chapter: 7 Long Beach 90802 David L. Neale DBA: California Computer Center File-Date: 07/11/11 Assets: $0 Chapter: 7 310-229-1234 (Computer sales) Lynne Romano Debts: $18,000 Assets: N/A 3930 Broadway Place 626-552-0270 Doc# SV11-18449-MT Debts: N/A Figueroa Tower III LP L.A. 90037 File-Date: 07/13/11 Doc# LA11-40186-PC (Single-asset real estate) Chapter: 7 Delta Sigma Theta Head Start Chirnese L. Liverpool File-Date: 07/14/11 660 S. Figueroa St. Assets: $2,979 AKA: Delta Sigma Theta Head Start/ 818-714-2200 Stewart H. Lim L.A. 90017 Debts: $4,273,543 State Preschool 949-653-6603 Chapter: 11 Doc# LA11-39676-BB (Business type N/A) CareNext of California LLC Assets: N/A File-Date: 07/11/11 5120 W. Goldleaf Circle, Suite #270 (Health care) Figueroa Tower I LP Debts: N/A Peter M. Lively L.A. 90056 21900 Burbank Blvd (Single-asset real estate) Doc# LA11-40236-SK 310-391-2400 Chapter: 7 Woodland Hills 91367 660 S. Figueroa St., 24th Floor File-Date: 07/14/11 Assets: $209,000 Chapter: 7 L.A. 90017 David L. Neale MIR Inc. Debts: $2,973,792 Assets: N/A Chapter: 11 310-229-1234 DBA: Gates Funding; MG Lending Group Doc# LA11-39830-SK Debts: N/A (Mortgage origination) File-Date: 07/12/11 Doc# SV11-18456-VK 225 W. Sixth St. Peter M. Lively File-Date: 07/14/11 Bankruptcy information is supplied by Timely Info of Los Angeles, Jack Vaughn (323) 664-4423. Daniel H. Reiss San Pedro 90731 310-391-2400 Chapter 7: a “straight” liquidation bankruptcy involving an appointed trustee to sell all assets by 310-229-1234 Chapter: 7 auction or other means to pay creditors and trustee fees. Chapter 11: a process which allows a business to gain temporary relief from paying debt in order to Assets: $5,880 10929 Vanowen Partnership Persson’s Nursery Inc. attempt a successful reorganization. The debtor remains in control of the business during the bank- Debts: $198,209 (Business type N/A) (Plant nursery) ruptcy and the business continues to function. Doc# LA11-39686-EC 10929 Vanowen St., Suite #183 3115 E. Sierra Madre Blvd. Chapter 13: a bankruptcy plan available to individuals whose “income is sufficiently stable and reg- File-Date: 07/11/11 North Hollywood 91605 Pasadena 91107 ular to enable such individual to make payments under a plan.” The debtor makes payments to a Kevin A. Spainhour Chapter: 11 Chapter: 7 trustee who disburses the funds to creditors. 714-375-3720 Assets: $2,400,000 Assets: $30,301 Involuntary bankruptcy: the debtor is forced into bankruptcy by secured creditors whose claims Debts: $6,930,579 Debts: $166,157 total at least $220,000. Involuntary bankruptcy may be filed under Chapter 7 or 11. 3480 E. 14th St. LLC Doc# SV11-18407-MT Doc# LA11-40136-BB AKA: also known as FKA: formerly known as (Single-asset real estate) File-Date: 07/12/11 File-Date: 07/14/11 DBA: doing business as FAW: formerly associated with 3440 Wilshire Blvd., Suite #480 William H. Brownstein Adam M. Leach FDBA: formerly doing business as L.A. 90010 310-458-0048 626-583-1105 6,109 3,503 2,027 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Content Previous Page Zoom In Zoom Out Next Page 1,959 1,647 AUGUST 15, 2011 LOS ANGELES BUSINESS JOURNAL 39

X NEXT WEEK WOMEN-OWNED BUSINESSES The 25 Largest New Auto Dealers THE LIST Based in L.A. County; ranked by 2010 revenue in L.A. County

X EXECUTIVE SUMMARY X THE TRENDS X THE PACESETTER

HE 100 largest women-owned busi- MERICA Chung nesses in Los Angeles County gener- Wide Array Nam Inc. tops T ated $6.8 billion in revenue last year, Largest women-owned businesses are in diverse industries. A the list of the up $950 million, or 16 percent, from 2009. largest women-owned Restaurant operator Panda Restaurant Advertising/Public Relations businesses headquar- Group dropped one spot to No. 2 on the Computer/Electronics tered in Los Angeles list despite a revenue increase from $1.27 Food/Restaurant County. The company billion in 2009 to $1.4 billion last year. The generated $1.8 billion company was surpassed by wastepaper and Contracting in revenue for its 2010 recycling business America Chung Nam Staffing Services fiscal year, up 61 per- Inc., which regained the top spot on the list. Travel Agency cent from 2009. Sixty-two companies listed reported Finance/Insurance America Chung revenue increased last year compared Nam was founded in Real Estate RINGO H.W. CHIU/LABJ with 2009 as the economy improved. Of 1990 in the City of Recycling: America Chung Nam. those, 42 companies reported double-digit Event Planning Industry as a waste- increases in revenue. Two of those reported 0 3 6 9 12 15 paper exporter. It has remarkable revenue jumps from 2009 to expanded operations to recycle plastic bottles and postindustrial scrap 2010. Innovative Solutions Insurance Ser- plastic materials. It is certified with the California Department of Con- vices reported the largest percentage gain: Big Gainers servation for the processing of plastic beverage containers. Revenue jumped by 188 percent to $17.3 Companies with the largest year-over-year percentage revenue growth. The company sends recycled and waste materials to China for manu- million last year. Partner Engineering and Innovative Solutions Insurance Services facturing uses. Recycled paper material goes to Chinese paper mills Science Inc. in El Segundo reported that where it’s converted into fiberboard, cardboard and other packaging Partner Engineering and Science Inc. revenue doubled to $21 million last year. materials. America Chung Nam has a sister company in China, Nine In order to qualify for the list, companies Cystems Logic Dragons Paper, that manufactures packaging materials from recycled must be headquartered in the county and America Chung Nam LLC materials. have at least 50 percent female ownership. Hourglass Cosmetics For the past 10 years, the company has ranked as the nation’s top Some private companies may have qualified BlackLine Systems exporter by total number of container units, according to Journal of for this list but declined to provide revenue Morris & Berger Commerce. Last year, the company exported more than 300,000 20-foot information. Energy Muse Jewelry equivalent units from the United States. That was up from 260,000 in Overall, the 100 largest women-owned Re/Max Palos Verdes Realty-Execs 2009 according to the publication. businesses employ more than 26,000 people The company has 144 employees in the county and 235 total International Checkout Inc. worldwide. employees working in five foreign offices. – David Nusbaum 0% 50 100 150 200 – David Nusbaum Source: Business Journal research

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40 LOS ANGELES BUSINESS JOURNAL THE LIST AUGUST 15, 2011

Continued from page 39

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AUGUST 15, 2011 THE LIST LOS ANGELES BUSINESS JOURNAL 41

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42 LOS ANGELES BUSINESS JOURNAL THE LIST AUGUST 15, 2011

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AUGUST 15, 2011 LOS ANGELES BUSINESS JOURNAL 43

We put our energy into one place. Yours

Deloitte Growth Enterprise Services is everything you expect of Deloitte — experienced people, regulatory insight, and the global resources of a member ﬁrm network — scaled to serve privately held companies. We customize our service offerings and take a trusted-advisor approach that gives you access to our best and brightest. All at competitive rates. No one puts more into your business. Except you.

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44 LOS ANGELES BUSINESS JOURNAL THE LIST AUGUST 15, 2011

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AUGUST 15, 2011 THE LIST LOS ANGELES BUSINESS JOURNAL 45

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Los Angeles Business Journal’s Book of Lists 2012

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08/15/11 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Content Previous Page Zoom In Zoom Out Next Page

46 LOS ANGELES BUSINESS JOURNAL INVESTMENTS & FINANCE AUGUST 15, 2011

THE LABJ STOCK INDEX TRACKING LOS ANGELES AREA COMPANIES

WEEKLY TOP GAINERS WEEKLY TOP LOSERS

General Finance Corp. Sport Chalet Inc. SearchMedia Holdings Ltd. K-Swiss Inc. $4.0 $5 Aug. 10, 2011 $4 Aug. 10, 2010 $15 $3.35 $3.04 3.5 4 3.0 Aug. 10, 2010 3 12 $2.32 Aug. 9, 2011 $2.21 2.5 3 Aug. 10, 2010 $10.96

2.0 2 9 2 1.5 Aug. 10, 2010 Aug. 10, 2011 $1.24 Aug. 10, 2011 $1.22 $6.69 1.0 1 1 6 8/10 10/10 12/10 2/11 4/11 6/11 8/11 8/10 10/10 12/10 2/11 4/11 6/11 8/11 8/10 10/10 12/10 2/11 4/11 6/11 8/11 8/10 10/10 12/10 2/11 4/11 6/11 8/11

TOP TEN LOCAL GAINERS BY PERCENTAGE (with closing prices at least $1) TOP TEN LOCAL LOSERS BY PERCENTAGE (with opening prices at least $1) Aug. 10 Aug. 3 Price 1-Wk 52-Wk Aug. 10 Aug. 3 Price 1-Wk 52-Wk Company Close Close Change % Chg. % Chg. Company Close Close Change % Chg. % Chg. General Finance Corp...... $3.35 $2.85 $0.50 17.7% 170.5% SearchMedia Holdings Ltd...... $1.22 $1.90 -$0.68 -35.8% -59.9% Sport Chalet Inc...... 2.21 2.05 0.16 7.8% -4.7% K-Swiss Inc...... 6.69 10.23 -3.54 -34.6% -39.0% BioSolar Inc...... 4.15 4.00 0.15 3.8% -7.8% BNK Petroleum Inc...... 3.00 4.34 -1.34 -30.8% 62.3% Broadway Financial Corp...... 2.07 2.02 0.05 2.7% -32.0% Pacific Office Properties Trust Inc...... 1.11 1.57 -0.46 -29.3% -77.3% Peerless Systems Corp...... 3.85 3.75 0.10 2.7% 33.2% Farmer Bros Co...... 5.79 7.95 -2.16 -27.2% -65.8% PennyMac Mortgage Investment Trust ...... 16.27 16.19 0.08 0.5% -8.8% THQ Inc...... 1.80 2.46 -0.66 -26.8% -55.8% DTS Inc...... 24.67 33.47 -8.80 -26.3% -31.5% PC Mall Inc...... 5.90 8.00 -2.10 -26.3% 40.1% (Note: Due to the broad market downturn, there were only six stocks with closing prices above a dollar that gained value Cathay General Bancorp ...... 10.21 13.81 -3.60 -26.1% -13.2% during the week.) Crown Media Holdings Inc...... 1.22 1.64 -0.42 -25.6% -47.4%

MARKET DIARY MARKET INDEXES Sparked by a downgrade of the United States’ credit rating, the stock markets endured one of the most volatile stretches Aug. 10 Aug. 3 Point 1-Wk 52-Wk since the financial crisis during the week ended Aug. 10. The Dow Jones industrial average fell nearly 10 percent, includ- Index Close Close Change % Chg. % Chg. ing three days with losses in excess of 500 points, while the other major indexes plunged even further. The LABJ Index Dow Jones Industrial ...... 10,719.94 11,896.44 -1176.50 -9.9% 0.7% dropped nearly 13 percent as all but 12 local stocks declined. Westlake Village shoe company K-Swiss Inc. was one of the biggest losers during the week after disappointing quarterly earnings and an analyst downgrade. Shares declined more NASDAQ ...... 2,381.05 2,693.07 -312.02 -11.6% 4.6% than 34 percent to $6.69. Shares of THQ Inc., a video game publisher in Agoura Hills, hit a 16-year low after the company S&P 500 ...... 1,120.76 1,260.34 -139.58 -11.1% 0.0% announced a restructuring initiative that includes significant layoffs. Shares dropped nearly 27 percent to $1.80. LABJ Index ...... 103.04 118.34 -15.30 -12.9% -13.2%

MARKET SUMMARY DIVIDEND YIELD MOST ACTIVE STOCKS VOLUME WEEKLY SUMMARY Company Dividend Yield Dividend Weekly Close Walt Disney Co...... 22,345,748 Advances ...... 12 Scope Industries ...... 25.3% $66.00 $261.00 Activision Blizzard Inc...... 16,729,211 Declines ...... 159 Anworth Mortgage Asset Corp...... 13.6% $0.95 $7.00 DirecTV ...... 12,315,993 Unchanged ...... 9 Stamps.com Inc...... 11.9% $2.00 $16.75 Amgen Inc...... 11,402,816 New Highs ...... 0 United Online Inc...... 10.2% $0.50 $4.89 Occidental Petroleum Corp...... 10,306,734 New Lows ...... 68 PennyMac Mortgage Investment Trust ...... 9.9% $1.61 $16.27

LABJ INDEX

LABJ Index, 52 weeks LABJ Index v. S&P 500, 5 days LABJ Index v. S&P 500, 52 weeks 150 0% 25%

20 -3 SP 500 15 LABJ Index

-6 10

120 5

-9 0 SP 500 LABJ Index -5 Aug. 10, 2011 -12 103.04 -10

90 -15 -15 A S O N D J F M A M J J A 8/4 8/5 8/8 8/9 8/10 A S O N D J F M A M J J A

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 Content Previous Page Zoom In Zoom Out Next Page

AUGUST 15, 2011 INVESTMENTS & FINANCE LOS ANGELES BUSINESS JOURNAL 47

THE LABJ STOCK INDEX TRACKING LOS ANGELES AREA COMPANIES TOP GAINERS TOP LOSERS Company Aug. 10 1-Wk YTD 52-Wk P.E. Mkt. Cap Company Aug. 10 1-Wk YTD 52-Wk P.E. Mkt. Cap Name Ticker Close % Chg % Chg % Chg Ratio (millions) Name Ticker Close % Chg % Chg % Chg Ratio (millions)

AEROSPACE/DEFENSE RadNet Inc. RDNT $2.84 -13.1% 0.7% 32.1% 17.8 $106.3 Aerovironment Inc. AVAV $24.80 -17.0% -7.6% 4.9% 21.4 $547.0 VCA Antech Inc. (L) WOOF 15.99 -14.1% -31.3% -22.5% 11.3 1,384.7 AML Communications Inc. AMLJ 2.95 0.0% 120.1% 109.2% 26.8 31.7 INSURANCE Ducommun Inc. (L) DCO 16.69 -21.6% -23.4% -18.7% 11.4 175.9 Mercury General Corp. (L) MCY 34.41 -8.7% -20.0% -14.1% 16.6 1,886.6 Flamemaster Corp. (L) FAME 3.85 -4.9% -21.4% -1.5% 8.2 4.8 Unico American Corp. UNAM 10.20 -3.8% 11.6% 16.8% 18.5 54.4 Northrop Grumman Corp. NOC 50.09 -12.3% -14.8% -6.7% 7.7 13,927.9 INTERNET Teledyne Technologies Inc. TDY 47.26 -10.8% 7.5% 15.2% 13.4 1,738.3 Bidz.com Inc. BIDZ 0.86 -13.5% -29.4% -41.9% NA 16.6 APPAREL Boingo Wireless Inc. (L) WIFI 8.00 -15.4% NA NA NA 264.9 American Apparel Inc. APP 0.90 -10.9% -45.8% -37.5% NA 97.6 CrowdGather Inc. CRWG 0.46 -27.0% -70.7% -59.3% NA 26.9 Cherokee Inc. (L) CHKE 14.42 -4.6% -23.3% -21.2% 15.7 122.7 J2 Global Communications Inc. JCOM 27.95 -7.7% -3.5% 15.2% 11.9 1,293.4 Guess? Inc. (L) GES 32.02 -14.8% -32.3% -13.0% 10.7 2,964.8 ReachLocal Inc. RLOC 13.45 -24.7% -32.4% -5.8% NA 393.2 Hot Topic Inc. HOTT 6.36 -14.9% 1.2% 30.1% 106.0 284.6 Spark Networks Inc. LOV 3.25 -11.7% 9.4% -1.2% 25.0 66.9 Joe's Jeans Inc. (L) JOEZ 0.62 -22.4% -60.1% -67.3% 20.7 40.2 Stamps.com Inc. STMP 16.75 -4.7% 26.4% 75.5% 21.8 239.3 K-Swiss Inc. (L) KSWS 6.69 -34.6% -46.4% -39.0% NA 237.0 United Online Inc. UNTD 4.89 -15.4% -25.9% -11.7% 7.2 433.7 People's Liberation Inc. PPLB 0.05 -50.0% -54.5% -47.4% NA 1.8 ValueClick Inc. VCLK 13.85 -16.2% -13.6% 35.5% 12.4 1,096.2 Skechers U.S.A. Inc. SKX 14.38 -10.3% -28.1% -52.0% 33.4 716.0 MANUFACTURING True Religion Apparel Inc. TRLG 29.23 -12.9% 31.3% 36.3% 15.4 752.7 Avery Dennison Corp. (L) AVY 26.02 -13.2% -38.5% -27.8% 8.7 2,756.9 AUTOMOTIVE/PLASTICS/METALS BioSolar Inc. BSRCD 4.15 3.8% 44.1% -7.8% NA 24.0 Motorcar Parts of America Inc. MPAA 11.35 -10.5% -13.0% 64.5% 10.9 141.3 Cereplast Inc. CERP 3.20 -21.6% -22.7% 0.0% NA 50.4 Reliance Steel & Aluminum Co. RS 38.57 -15.5% -24.5% -4.4% 10.4 2,888.2 Dole Food Co Inc. DOLE 11.03 -18.9% -18.4% 1.1% 122.6 977.3 Superior Industries International Inc. SUP 15.20 -22.3% -28.4% 4.9% 7.4 412.8 Ever-Glory International Group Inc. (L) EVK 1.83 -7.5% -13.3% -23.4% 2.8 27.0 US Auto Parts Network Inc. (L) PRTS 6.03 -16.5% -28.2% -24.9% 150.8 184.3 Farmer Bros Co. (L) FARM 5.79 -27.2% -67.5% -65.8% NA 93.8 BIOMEDICAL/PHARMACEUTICAL Jakks Pacific Inc. JAKK 14.73 -13.1% -19.2% -4.4% 14.9 400.6 Amgen Inc. (L) AMGN 48.27 -9.5% -12.1% -13.4% 10.1 44,605.9 Mattel Inc. MAT 23.04 -10.5% -9.4% 3.1% 12.2 7,900.2 Arrowhead Research Corp. (L) ARWR 0.44 -17.0% -50.8% -59.3% NA 31.6 OSI Systems Inc. OSIS 34.18 -12.3% -6.0% 21.9% 21.0 651.2 CytRx Corp. (L) CYTR 0.33 -23.8% -67.6% -61.5% NA 48.7 Overhill Farms Inc. OFI 4.85 -6.4% -15.8% 12.8% 14.7 76.7 Iris International Inc. IRIS 8.11 -20.3% -20.7% -7.0% 109.6 145.1 Reed's Inc. (L) REED 1.90 -3.1% -5.5% -9.1% NA 20.6 MannKind Corp. (L) MNKD 2.25 -24.2% -72.1% -68.5% NA 294.7 Virco Manufacturing VIRC 2.39 -2.1% -9.5% -15.0% NA 33.9 Obagi Medical Products Inc. OMPI 9.04 -13.4% -21.7% -16.5% 12.4 167.2 MEDIA/LEISURE/ENTERTAINMENT Oxis International Inc. (L) OXIS 0.08 -6.3% -48.3% -34.2% NA 14.3 Crown Media Holdings Inc. (L) CRWN 1.22 -25.6% -53.4% -47.4% 5.8 438.8 Physicians Formula Holdings Inc. (L) FACE 2.80 -13.0% -25.5% -14.6% NA 38.1 Daily Journal Corp. DJCO 69.50 -0.4% -3.5% 5.4% 12.2 96.0 Response Genetics Inc. (L) RGDX 2.02 -22.3% -18.5% -24.9% NA 37.1 Demand Media Inc. (L) DMD 8.45 -6.9% NA NA NA 703.1 Staar Surgical Co. STAA 5.55 -2.8% -9.0% 8.2% NA 198.0 Derycz Scientific Inc. DYSC 2.49 -14.1% -6.0% 173.6% NA 41.9 COMPUTERS/PERIPHERALS/ELECTRONICS DirecTV DTV 41.63 -15.8% 4.3% 5.6% 13.7 30,734.9 Aura Systems Inc. AUSI 0.71 2.9% -5.3% -2.7% NA 47.3 DreamWorks Animation SKG Inc. (L) DWA 18.77 -10.4% -36.3% -42.1% 3.7 1,567.4 International Rectifier Corp. IRF 22.18 -9.6% -25.3% 14.2% 11.7 1,547.3 DTS Inc. (L) DTSI 24.67 -26.3% -49.7% -31.5% 24.4 424.0 Ixia (L) XXIA 8.41 -11.9% -49.9% -22.6% 35.0 584.7 Entravision Communications Corp. (L) EVC 1.49 -19.9% -42.0% -33.8% NA 127.3 MRV Communications Inc. (L) MRVC 1.17 -17.6% -34.6% -8.6% 23.4 184.2 Image Entertainment Inc. (L) DISK 0.12 -20.0% -14.3% -45.5% NA 30.7 PC Mall Inc. MALL 5.90 -26.3% -22.1% 40.1% 9.1 73.2 Lions Gate Entertainment Corp. LGF 6.74 -4.4% 3.5% 2.1% 29.3 924.3 Power-One Inc. (L) PWER 7.08 -3.5% -30.6% -41.5% 5.7 733.7 Live Nation Entertainment Inc. LYV 9.06 -15.0% -20.7% -3.3% NA 1,713.7 Qualstar Corp. QBAK 1.66 -7.8% -1.8% -2.4% NA 20.3 NeuMedia Inc. MNDL 0.65 -9.7% 124.1% 91.2% NA 27.1 Semtech Corp. SMTC 20.21 -10.3% -10.7% 16.4% 15.4 1,321.1 Point.360 PTSX 0.75 15.4% -14.8% -58.3% NA 8.1 Taitron Components Inc. TAIT 1.00 -3.8% -36.7% -8.3% NA 5.5 Provision Holding Inc. PVHO 0.04 -18.2% -40.0% -28.0% NA 1.6 Trio Tech International TRT 3.48 -0.3% -16.5% -13.3% 15.1 11.6 Reading International Inc. RDI 4.00 -4.3% -20.8% -14.9% 6.6 95.7 Vitesse Semiconductor Corp. VTSS 3.33 -4.6% -20.5% -18.6% 30.3 81.4 RealD Inc. (L) RLD 11.91 -16.4% -54.1% -40.3% NA 645.6 CONSTRUCTION/ENGINEERING Salem Communications Corp. SALM 2.74 -13.0% -13.6% -6.9% 22.8 66.5 Aecom Technology Corp. (L) ACM 19.17 -19.2% -31.5% -25.6% 8.8 2,289.8 Sports Club Inc. SCYL 0.50 233.3% 100.0% 61.3% NA 10.7 Ameron International Corp. AMN 83.36 -2.0% 9.2% 42.2% 98.1 756.0 Stratus Media Group Inc. SMDI 0.64 16.3% 0.0% -38.5% NA 41.1 Jacobs Engineering Group Inc. (L) JEC 33.32 -12.5% -27.3% -8.6% 13.1 4,250.0 Tix Corp. TIXC 1.89 -6.4% 52.4% 120.3% 11.1 58.8 KB Home (L) KBH 6.22 -22.3% -53.9% -45.9% NA 479.0 Walt Disney Co. (L) DIS 31.54 -15.7% -15.9% -10.6% 13.1 58,538.4 Ryland Group Inc. (L) RYL 10.61 -23.7% -37.7% -38.3% NA 471.2 MISC. SERVICES Tetra Tech Inc. (L) TTEK 18.25 -12.2% -27.2% -9.9% 13.3 1,140.3 Air Lease Corp. (L) AL 20.40 -12.7% NA NA NA 2,044.5 Tutor Perini Corp. (L) TPC 12.39 -17.1% -42.1% -38.3% 7.7 585.9 Cadiz Inc. (L) CDZI 9.45 -7.8% -24.0% -17.9% NA 134.1 ENERGY/UTILITIES Electro Rent Corp. ELRC 14.05 -11.0% -13.1% 7.7% 14.3 336.9 American States Water Co. (L) AWR 32.93 -3.9% -4.5% -0.5% 14.4 615.3 Enova Systems Inc. ENA 0.68 -8.7% -47.0% -25.3% NA 21.4 BNK Petroleum Inc. BNKPF 3.00 -30.8% -12.5% 62.3% NA NA Korn/Ferry International KFY 15.81 -21.4% -31.6% 2.1% 12.2 744.4 BreitBurn Energy Partners LP (L) BBEP 17.49 -8.5% -13.2% 4.4% NA 1,032.6 National Technical Systems Inc. (L) NTSC 5.09 -12.7% -36.9% -40.5% 50.9 52.2 Capstone Turbine Corp. CPST 1.08 -22.3% 12.5% 22.9% NA 280.4 NetSol Technologies Inc. (L) NTWK 0.74 -13.2% -60.4% -9.8% 4.1 41.0 Edison International (L) EIX 33.88 -8.1% -12.2% -0.6% 10.6 11,038.5 On Assignment Inc. ASGN 8.17 -19.0% 0.2% 51.0% 30.3 302.6 Occidental Petroleum Corp. OXY 81.25 -13.8% -17.2% 4.4% 11.3 66,037.6 Rentech Inc. RTK 0.93 -5.1% -23.8% 1.9% NA 207.7 U.S. China Mining Group Inc. (L) SGZH 2.75 -3.5% -56.8% -42.2% 2.9 52.0 Scope Industries SCPJ 261.00 0.0% 102.3% 102.3% 80.8 260.7 FINANCIAL SERVICES UTi Worldwide Inc. (L) UTIW 12.42 -20.3% -41.4% -15.9% 17.7 1,274.9 1st Century Bancshares Inc. FCTY 3.65 -2.9% -11.0% 6.0% NA 33.9 REAL ESTATE American Business Bank AMBZ 23.00 -2.1% 3.3% 3.3% 10.9 100.6 Alexandria Real Estate Equities Inc. (L) ARE 67.08 -12.4% -8.4% -5.8% 22.4 4,154.4 Anworth Mortgage Asset Corp. (L) ANH 7.00 -1.5% 0.0% -2.0% 8.0 924.8 CB Richard Ellis Group Inc. CBG 16.67 -18.6% -18.6% -3.5% 21.1 5,419.4 Bank of Santa Clarita BSCA 7.10 -6.0% 2.2% 9.2% 59.2 15.6 Douglas Emmett Inc. DEI 17.10 -9.8% 3.0% 5.2% NA 2,182.4 Beach Business Bank BBBC 5.87 -3.0% 17.4% 12.8% NA 23.8 HCP Inc. (L) HCP 31.44 -8.8% -14.5% -10.7% 23.1 12,801.7 Broadway Financial Corp. BYFC 2.07 2.7% -14.7% -32.0% NA 3.6 Hudson Pacific Properties Inc. (L) HPP 12.68 -15.6% -15.7% -23.8% NA 425.6 California United Bank CUNB 12.05 -1.2% -2.4% 9.0% NA 59.5 Intergroup Corp. INTG 24.00 -0.1% 11.1% 55.4% 6.3 57.5 Cathay General Bancorp CATY 10.21 -26.1% -38.9% -13.2% 10.6 802.9 Kennedy-Wilson Holdings Inc. KW 10.72 -8.8% 7.3% 5.3% NA 482.1 Center Financial Corp. CLFC 4.76 -21.7% -37.2% -3.8% 9.9 190.0 Kilroy Realty Corp. KRC 31.74 -13.0% -13.0% 0.1% 352.7 1,855.7 City National Corp. (L) CYN 42.01 -19.6% -31.5% -24.8% 14.2 2,234.7 LTC Properties Inc. (L) LTC 22.14 -10.8% -21.2% -11.8% 19.1 671.7 Colony Financial Inc. (L) CLNY 15.29 -11.4% -23.6% -15.7% 10.5 503.2 Macerich Co. MAC 45.58 -8.2% -3.8% 10.1% 116.9 6,012.8 East West Bancorp Inc. EWBC 15.73 -18.3% -19.5% -6.1% 10.7 2,342.5 Meruelo Maddux Properties Inc. MMPID 4.00 -20.0% 185.7% 300.0% NA 70.4 Farmers & Merchants Bank FMBL 4100.00 -3.5% 3.3% -2.9% 9.4 536.8 MPG Office Trust Inc. MPG 2.58 -23.0% -6.2% -9.2% NA 131.5 First California Financial Group Inc. FCAL 3.20 -14.9% 14.3% 15.5% NA 90.9 Pacific Office Properties Trust Inc. (L) PCE 1.11 -29.3% -73.4% -77.3% NA 21.5 General Finance Corp. GFN 3.35 17.7% 69.4% 170.5% NA 73.8 Portsmouth Square Inc. PRSI 24.01 0.0% 4.4% 0.1% 6.3 17.6 Great American Group Inc. GAMR 0.11 39.2% -77.6% -86.3% NA 3.4 PS Business Parks Inc. (L) PSB 49.42 -11.5% -11.3% -17.3% 26.7 1,221.5 Green Dot Corp. (L) GDOT 27.16 -13.4% -52.1% -42.3% 28.9 1,353.9 Public Storage PSA 109.62 -6.4% 8.1% 9.0% 37.7 19,623.2 Hanmi Financial Corp. HAFC 0.88 -14.5% -23.4% -35.2% 17.6 133.2 Santa Fe Financial Corp. SFEF 14.75 0.0% 11.7% 43.9% 163.9 18.3 Kaiser Federal Financial Group Inc. KFFG 11.75 -5.3% 1.5% -1.1% 12.5 112.3 Thomas Properties Group Inc. (L) TPGI 2.48 -20.0% -41.2% -29.5% NA 126.3 Malaga Financial Corp. (L) MLGF 13.75 -4.4% -9.8% -14.1% 7.5 80.3 RESTAURANTS/RETAIL/GROCERY Manhattan Bancorp MNHN 3.65 0.0% -29.1% -25.5% NA 14.6 99 Cents Only Stores NDN 17.03 -11.4% 6.8% 1.9% 15.8 1,201.3 Mission Valley Bancorp MVLY 4.75 0.0% 26.7% 26.7% NA 21.4 Arden Group Inc. ARDNA 82.10 -8.9% -0.5% -13.8% 14.1 252.1 Nara Bancorp Inc. NARA 6.35 -19.3% -35.6% -9.8% 12.0 241.9 Big 5 Sporting Goods Corp. (L) BGFV 7.05 -14.8% -53.8% -44.5% 8.3 155.1 NCAL Bancorp NCAL 7.50 -16.7% -25.0% -27.2% NA 17.7 Cheesecake Factory Inc. CAKE 25.38 -10.3% -17.2% 8.1% 17.0 1,439.8 Pacific Commerce Bank PFCI 3.25 0.0% 8.3% -7.1% NA 7.9 PacWest Bancorp (L) PACW 15.30 -21.8% -28.4% -27.0% 30.0 542.9 DineEquity Inc. DIN 35.60 -24.0% -27.9% 8.9% 17.3 660.5 PennyMac Mortgage Investment Trust PMT 16.27 0.5% -10.4% -8.8% 8.9 452.2 Grill Concepts Inc. GLLC 0.28 0.0% -3.4% -24.3% NA 2.5 Preferred Bank PFBC 8.55 -0.5% -2.8% -2.3% NA 112.8 Jerry's Famous Deli Inc. DELI NA NA NA NA NA NA Saehan Bancorp SAEB 0.27 8.0% -30.8% -55.0% NA 51.1 Sport Chalet Inc. SPCHB 2.21 7.8% -40.9% -4.7% NA 28.9 SearchMedia Holdings Ltd. (L) IDI 1.22 -35.8% -60.8% -59.9% NA 25.4 SOFTWARE Wilshire Bancorp Inc. (L) WIBC 2.70 -18.2% -64.6% -63.3% NA 192.5 Activision Blizzard Inc. ATVI 10.43 -11.8% -16.2% -5.7% 14.3 11,919.6 HEALTH CARE Cornerstone OnDemand Inc. (L) CSOD 14.11 -15.3% NA NA NA 670.8 Health Net Inc. (L) HNT 21.60 -17.8% -20.9% -20.1% 8.3 1,924.2 CyberDefender Corp. (L) CYDE 0.52 -25.4% -82.9% -85.4% NA 14.7 Herbalife Ltd. HLF 53.98 -11.6% 57.9% 90.3% 19.1 6,388.5 Guidance Software Inc. GUID 6.91 -8.0% -3.9% 35.0% NA 176.6 Imaging3 Inc. IMGG 0.08 -6.3% -51.0% -65.9% NA 29.2 Peerless Systems Corp. PRLS 3.85 2.7% 22.2% 33.2% 20.3 13.4 IPC The Hospitalist Co Inc. IPCM 37.61 -13.4% -3.6% 46.1% 22.9 618.0 Simulations Plus Inc. SLP 3.04 -12.4% 13.0% 26.1% 16.9 47.2 Molina Healthcare Inc. (L) MOH 16.75 -14.4% -9.8% -8.8% 11.0 771.6 THQ Inc. (L) THQI 1.80 -26.8% -70.3% -55.8% NA 123.0

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 Content Previous Page Zoom In Zoom Out Next Page

48 LOS ANGELES BUSINESS JOURNAL INVESTMENTS & FINANCE AUGUST 15, 2011

ECONOWATCH L.A.COUNTY

%± from GENERAL INDICATORS Latest Previous previous Year %± from period period period ago year ago Staying Employment (000’s) (June)1 ...... 4,237.6 4,284.5 -1.1% 4,233.7 +0.1% Unemployment (000’s) (June)1 ...... 600.2 574.0 +4.6% 601.5 -0.2% Film Production Days (2nd qtr.)2 ...... 11,260 11,604 -3.0% 11,134 +1.1% Bankruptcies Chapter 7 (June) ...... 3,504 3,371 +4.0% 3,724 -5.9% still Chapter 11 (June)...... 36 46 -21.7% 30 +20.0% Trade3 Exports (mils.) (May) ...... $10,355.5 $10,397.0 -0.4% $9,270.8 +11.7% Imports (mils.) (May)...... $22,344.6 $20,031.9 +11.5% $20,273.6 +10.2% Air cargo4 isn’t LAX (June) ...... 164.6 155.3 +6.0% 167.0 -1.4% Burbank (June) ...... 8.1 7.4 +9.5% 8.2 -1.2% Container volume5 (000’s) Long Beach (June) ...... 554.3 536.7 +3.3% 520.1 +6.6% Los Angeles (June)...... 640.8 692.9 -7.5% 730.3 -12.3% an option Los Angeles CPI (June) ...... 232.3 233.4 -0.5% 225.9 +2.8%

%± 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% If you aren’t getting ahead, Value (mils.) (June) ...... $936.9 $691.7 +35.4% $1,252.6 -25.2% Building contracts (mils.) you are falling behind. Residential (June) ...... $190.3 $162.6 +17.0% $174.3 +9.0% Nonresidential (June) ...... $515.9 $103.1 +400.4% $331.0 +55.9% The Los Angeles Business Journal will Building permits (mils.) Residential (June) ...... $227.4 $401.7 -43.4% $273.5 -16.9% keep you ahead of your competition – Nonresidential (June) ...... $288.8 $290.6 -0.6% $266.4 +8.40% Housing start permits (June) ...... 541 1,567 -65.5% 716 -24.4% It is a publication filled with insight and Home sales (June)8 ...... 3,867 4,641 +4.2% 5,710 -15.0% Home prices (000’s) (June) ...... $340 $340 0.0% $350 -2.9% information that you need to read, but Condo sales (June)8 ...... 1,564 1,785 +9.5% 2,156 -9.3% Condo prices (000’s) (June) ...... $285 $297 -4.0% $305 -6.6% more important,one that you will want Apartments (2nd qtr.) Gross occupancy ...... 94.2% 93.9% +0.3% 93.9% +0.3% to read. Avg. sq. ft. rent ...... $1.90 $1.93 -1.6% $1.89 0.5% Subscribe today. 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% As part of your subscription, you will San Fernando Valley ...... 17.6% 18.5% -4.9% 19.0% -7.4% also receive access to the daily elec- 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% tronic Los Angeles Business Journal, Countywide ...... 16.5% 16.9 -2.4% 16.6% -0.6% unlimited on-line access to our Industrial vacancy rates (2nd qtr.) Downtown/Central ...... 2.2% 2.1% +4.8% 2.4% -8.3% archives, and the Book of Lists, South Bay ...... 3.0% 3.1% -3.2% 2.8% +7.1% published at the end of the year. San Gabriel Valley ...... 3.5% 3.5% 0.0% 3.8% -7.9%

%± from Call toll-free 1.800.404.5225 TOURISM Latest Previous previous Year %± from month month month ago year ago Hotel occupancy rate (June) ...... 80.3% 74.7% +7.5% 78.5% +2.3% Room rate (June) ...... $150.5 $147.3 +2.2% $144.0 +4.5% Passengers LAX (000’s) (June) ...... 5,631.6 5,476.2 +2.8% 5,311.4 +6.0% 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 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 vacancy rates); PKF Consulting (hotel occupancy rate, room rate). – Compiled by Deniz Koray 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Content Previous Page Zoom In Zoom Out Next Page

AUGUST 15, 2011 REAL ESTATE LOS ANGELES BUSINESS JOURNAL 49 Apple to Shine Up New Space in Santa Monica The property should only be on the market lease this month to take Earthlink Inc.’s for- LEASING: Tech giant a short period of time and will likely get the mer data center at 2947 Bradley St. The 10- asking price, according to market experts year deal is valued at about $8.2 million. books Borders site at including Gwen MacKenzie, senior vice presi- The company, an Internet services provider, is Third Street Promenade. dent of investments at Illi Commercial Real expanding its services internationally and needed Estate in Encino. more bandwidth on the West Coast. PPLE Inc. wants to take a bigger bite “It’s a historical building with expert retail The company is scheduled to move into the out of Santa Monica’s Third Street and the credit of a national bank and that com- 110,000-square-foot, two-story data-hosting A Promenade. bination will be well-received,” MacKenzie building in November this year. The Cupertino-based tech giant is planning said. “There are people who want a piece of Cogent was represented by Jonathan Larsen to demolish the shuttered Borders Books & Hollywood history, too.” at Transwestern. Landlord Eaton Canyon Music store at 1415 Third Street Promenade, Venture LP was represented by Patrick Lacey between Santa Monica Place and Santa Moni- Los Feliz: Louise’s Trattoria restaurant. Internet Connections at PMA Commercial Inc. ca Boulevard, to make way for a 13,294- Cogent Communications Group Inc. is square-foot building. The store will increase the end of the day, today in real estate, it proba- expanding into Pasadena. Staff reporter Jacquelyn Ryan can be reached the size of Apple’s presence on the strip of bly turns out to be one of our better real estate The Washington, D.C.-based fiberoptic at [email protected] or (323) 549- retail shops, restaurants and movie theaters. investments. It’s a happy ending to the story.” Internet firm closed on a 48,627-square-foot 5225, ext. 228. The company has occupied a 7,250-square- foot retail store nearby at 1248 Third Street Promenade since 2003 and will leave that space when the storefront is complete. Apple signed the 1415 Third Street Prome- nade lease last year with landlord Century City-based Blatteis & Schnur Inc. Terms

REAL ESTATE JACQUELYN RYAN Philanthropy &

were undisclosed, but industry sources estimat- Corporate Citizenship ed the annual rental rate at around $1.8 million. Apple is planning to build an 8,084-square-foot ground floor with a 5,210-square-foot basement. The new store will be smaller than the com- Supplement pany’s Americana at Brand store in Glendale; the company’s largest store, 23,000 square feet, is on Regent Street in London. Publication Date: The company intends to begin demolition of the Borders building within the next month November 28, 2011 and hopes to complete construction within one Corporate Citizenship & Philanthropy An Ad year, pending city approvals. vertising Supple ment to the Los A ngeles Business Jo The Santa Monica Planning Commission is Our readership is wealthy, and philanthropic urnal scheduled to consider the project Wednesday. Representatives from Apple and Blatteis & minded, they have the resources to dedicate Schnur did not return calls. time and money to a deserving organization.

Derby Sale Our 26,000 subscribers have an average The Los Feliz building that once was home to the historic Brown Derby is going on the household income of $364,000 - 4x’s market for $10.6 million this week. the county’s average and an average The 14,000-square-foot retail-restaurant build- household net worth of over $4.13 MM! ing at 4500 Los Feliz Blvd., once owned by film- maker Cecile B. DeMille, is the last of what were four local Brown Derby restaurants that were once Be sure that your nonproﬁ t’s name, Hollywood-area mainstays. The other three loca- image, strategic plans, special programs; tions were eventually demolished or destroyed. volunteer and giving opportunities are The Los Feliz restaurant closed in 1960. Since showcased in this supplement. then, it has been leased to several tenants, including a nightclub that used the Derby’s name. Today, the building is occupied by a Chase bank branch and Louise’s Trattoria, with The supplement will include: another restaurant in negotiations to lease the remaining 2,000 square feet of the property, said • Corporate Stewardship of Duncan Lemmon, president of Lee & Associ- Philanthropic Programs Sponsored by: ates West Los Angeles, which has the listing. Lemmon is a member of a group that • L.A. companies that are committed bought the building in 2004 with plans to build to making a difference a mixed-use project including a Whole Foods and 80 apartments. Other members of the • Economic Effects on Nonproﬁts group are Lee Principal John Battle, and Mike Adler and Rick Gable, both of Adler Realty Investments Inc. in Woodland Hills. But neighbors opposed the project, launched a group called Save the Derby and convinced the Space Reservation Deadline: Contact: Jim Slater Los Angeles City Council to declare the building November 15, 2011 at 323.549.5225 ext. 209 a historic monument. That halted the plans. to learn more about the supplement Lemmon’s group updated its plan to com- Ad Materials Deadline: ply with preservation requirements, renewed and special ad rates. Louise’s lease and signed Chase. Lemmon and November 18, 2011 his partners expect to make their desired return on investment when they sell the building now. “It’s been a long journey,” said Lemmon. “At 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Content Previous Page Zoom In Zoom Out Next Page

50 LOS ANGELES BUSINESS JOURNAL AUGUST 15, 2011 Investment Properties For Sale COMMERCIAL RESIDENTIAL

2 101 W. 3rd Dodger 5 FOR SALE WILSHIRE Stadium FOR SALE FREE STANDING RETAIL BLVD. 38 UNITS: DOWNTOWN LONG BEACH 10

LOS ANGELES COUNTY VENTURA COUNTY FIGUEROA FLOWER Santa 10

Clarita ALAMEDA 60 110

118 Simi 2 Valley Northridge • Located on a busy Firestone Blvd – Downey Burbank • Perfect for retail showroom or convert 170 Agoura 5 • 4 blocks to the beach to medical ofﬁ ce Hills 101 Pasadena 210 • Near Queen Mary & Convention Center • Over 5,300 sq ft plus 2,000 sq ft of Mezzanine Hollywood Calabasas Glendale • Owner may carry 1st 405 Alhambra 10 West • $3,950,000 George Bustamante Covina LOS ANGELES Pomona (714) 856-7017 1 Santa Monica Montebello ◆ Daryl Ellison OFFICE: (562) 439-5433 Malibu CELL: (562) 883-1887 Venice Culver City Whittier ELLISON REALTY LOS ANGELES COUNTY Marina Del Rey Lynwood 5 RETAIL FOR SALE ORANGE COUNTY El Segundo 31,900 SF, MULTI-TENANT Hawthorne NNN RETAIL INVESTMENT Manhattan Beach Need more information 5 miles Hermosa Beach Torrance 1 Redondo Beach Anaheim on advertising your Carson 2 Long Investment Property? Rancho Palos Huntington Santa Ana Verdes LONG Beach BEACH San Clemente Irvine LEGEND LOS ANGELES HARBOR HARBOR Ferguson: # 1 heating and plumbing distributor in the world Office Costa Mesa Call Rosz Murray Goodwill: New 10-year lease with 3% annual increases California Patio: One of the largest outdoor furnishings retailer in So CA Residential Signalized Intersection Location 323.549.5225 2 Blocks from The River Entertainment Center Commercial 72014-72060 Highway 111, Rancho Mirage, CA Industrial ext. 215 Contact: William B. Asher 949.585.7684 • [email protected] Land DRE License #01318078

LEASING GUIDE

OFFICE

Bank Site - LA’s Premier Address DESIGNER OFFICE FOR LEASE Available Space: 3,200 sqft.+++ (signalized corner) LOWERED • Free Standing 3,303 SF, Single Level TO 750K Term Length: 3-10 years (negotiable) Lease Type: Bank branch site Rate Type: NNN • Floor to Ceiling Windows throughout – Also - ofﬁ ce/retail from 3.50 Available: Immediately Central Atrium Contact: Arun Bhumitra, Armitra Properties Email: [email protected] Phone: (310) 994-7400 ADDRESS: 23211 Hawthorne Blvd., Torrance, CA Originally 15 Million - property can now be purchased for 9.5 Million! Steve Warshauer 888-895-7535 Ext 225

COMMERCIAL RETAIL SPACE & EXECUTIVE SUITES ADDRESS: 2137 W 182nd St, Torrance CA 90504 COMMERICAL PROPERTY FOR LEASE Available Space: 1039 sqft Location: Nijiya Plaza Term Lease: 4 year Rate Type: NNN ADDRESS: 22905 S Vermont Ave, Torrance CA Useage: Optometrist, Acupuncture, Beauty Salon, Barber Shop, Liquor Store, Etc Available: Immediately- Last One Left Available Space: 15,500 sqft Supermarket Building ++ 10,000 sqft available Term Length: 20 year Rate Type: $1.99 sqft + NNN ADDRESS: 2161 W 182nd St #103, Torrance CA 90504 Useage: Supermarket, Drug Store, Automotive Super Store, Available Space: 533 sqft Rate Type: Gross Lease Medical Use Potential, Etc. Lots of Potential Available: Immediately Available: Immediately Lots of Visibility, Corner Ofﬁ ce/Building Contact: Patsy Palos 310-532-2111 ext 3039 Email: [email protected] Contact: Patsy Palos 310-532-2111 ext 3039 Email: [email protected] 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Content Previous Page Zoom In Zoom Out Next Page

AUGUST 15, 2011 LOS ANGELES BUSINESS JOURNAL 51 BUSINESS MARKETPLACE BUSINESS SERVICES EMPLOYMENT OPPORTUNITIES

Free Keurig Trial Senior Operations Excellence and Lean Programs Manager

Tired of wasting coffee and money? Eran Viner Company, Santa Fe Springs, CA.

Leads implementation of Operational Excellence Try America’s & Lean Manufacturing programs. Uses TPM tools #1 Coffee System & processes to increase efﬁ ciency, reduce costs & tailor management practices. for the Ofﬁ ce. Master’s degree & 2 years related exp. Fax resume to (949) 502-7741.

RFP

THE CITY OF SANTA MONICA www.gourmetcoffeeservice.com IS INVITING PROPOSALS TO LEASE RESTAURANT SPACE ON THE SANTA MONICA PIER Call Us 800-834-0220 The City of Santa Monica seeks proposals from interested, experienced, and qualiﬁ 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 entertainment. The business plan of the prospective Operator’s restaurant concept 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 Economic Development Division, 1901 Main Street, Suite E, Santa Monica, CA 90405. Get Noticed.

Showcase your ad in the BUSINESS MARKETPLACE section of the Los Angeles Business Journal

Call Rosz Murray 323.549.5225 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Content Previous Page Zoom In Zoom Out Next Page

52 LOS ANGELES BUSINESS JOURNAL AUGUST 15, 2011 BUSINESS MARKETPLACE CAREER SERVICES FINANCIAL SERVICES

REAL ESTATE SERVICES

BULK CONDO SALES

15 UNITS (100% Complete) - SOUTH PASADENA, CA 22 UNITS (100% Complete) - THOUSAND OAKS, CA 61 UNITS (90% Complete) - SANTA MONICA, CA Get Noticed. 85 UNITS (100% Complete) - SALEM, OR

110 UNITS (Land) - RANCHO PV, CA Showcase your ad in the 138 UNITS (Land) - SPARKS, NV BUSINESS MARKETPLACE 320 UNITS (Land) - BULLHEAD, AZ section of the Los Angeles Business Journal

Visit www.wjmpropertylist.com Call Rosz Murray 323.549.5225 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Content Previous Page Zoom In Zoom Out Next Page

AUGUST 15, 2011 LOS ANGELES BUSINESS JOURNAL 53 BUSINESS MARKETPLACE LEGAL SERVICES AIRCRAFT CHARTER

Aircraft Charter Service Aircraft Sales Aircraft Management 13 Years Established Worldwide Service No Membership Fees 24 / 7 Personal Service (310) 379-4448 L.A. LAW GUIDE ALTITUDEAVIATION.COM BUSINESS LITIGATION FAMILY LAW INVESTMENT LAW LEGAL NOTICES

MICHAEL KELLY FAMILY LAW Wittenberg Law, APC SUSAN BARILICH P.C. Absent Defendant/ Legal Notice defendant being neither infant nor incompe- Divorce and Family Law Have you lost money in an investment? BLANK ROME LLP tent, and plaintiff having fi led a Certifi cation of Non-Military Service, and good cause having A Pennsylvania LLP LITIGATION . TRIALS . ARBITRATION for Business Professionals. You may have a legal claim to recover been shown; IT IS on this 28th day of July, Michael J. Conlan, Esquire your money if you act promptly. 2011 ORDERED, ADJUDGED AND DECREED New Jersey Resident Partner that fi nal judgment be and the same is hereby 30 yrs. experience. State & Federal Courts Our experience includes success- 301 Carnegie Center, 3rd Floor fully litigating against the major family Are you considering a new investment entered in favor of plaintiff Heartland Payment Downtown Los Angeles. Princeton, NJ 08540 Systems, Inc. (“HPS”) and against defendant law fi rms in Los Angeles. We prevail opportunity? A prudent investor would (609) 750-2641 (a) enjoining defendant 1mtil March 19, 2015 through fair negotiation or litigation. seek sophisticated investment counsel JUL 2 8 2011 from directly or indirectly soliciting, enticing, 213-996-8340. [email protected] Attorneys for Plaintiff Heartland Payment 41 year fi rm, 33 attorneys & staff. or inducing any HPS Merchant for which de- FURTHER INFO: www.barilichlaw.com before investing. Be a prudent investor. Systems, Inc. fendant was compensated or any new owner Contact: Call Jeffrey Wittenberg for a HEARTLAND PAYMENT SYSTEMS, INC., of a Merchant location for which defendant Free consultation 310-393-0236. Plaintiff, received compensation to (i) become a Mer- CFLI.com – admin@cfl i.com free consultation: 310-295-2010. V. chant of any other person or entity engaged Weekend & evening appts, avail. KYONG HO “RICHARD” MURPHY, Defendant. in any business that competes with any busi- Visit Wittenberglawyers.com for more Law Offi ces of Mark Anchor Albert ness conducted by HPS at any time during the information. SUPERIOR COURT OF NEW JERSEY period of defendant’s employment with HPS, LAW DIVISION: MERCER COUNTY or (ii) cease doing business with HPS or aiding DOCKET NO. MER-L-2349-10 Consistent business litigation victories FRAUD or assisting any person or entity in taking any Civil Action action described in (i) and (ii); and (b) perma- PERSONAL INJURY nently enjoining defendant from using, disclos- Both defense and plaintiff representation FINAL DEFAULT JUDGMENT ing, or transmitting for any purpose, including, EMPLOYERS, SELF-INSURED AGAINST KYONG HO “RICHARD” initiation of any contact and/ or solicitation of EMPLOYERS, GOT FRAUD? LAW OFFICES OF MURPHY HPS ‘s customers, the information contained in Over 20 years’ experience at RONALD M PAPELL the records of HPS or concerning its custom- Defendant Kyong Ho “Richard” Murphy (“De- ers, including, but not limited to, the names, preeminent law fi rms THE INSURANCE FRAUD EXPERTS, AV RATED ATTORNEY WITH 30 YEARS fendant”) having been duly served with pro- addresses, phone numbers, and/or fi nancial cess and a copy of the Complaint in this ac- information of said customers. a law fi rm specializing in fraudulent EXPERIENCE REPRESENTING INJURED tion, and being defaulted for failure to answer Top credentials, experience and claims is the answer. Their expertise PARTIES IN SETTLEMENT AND TRIAL. or otherwise move as to the Complaint, and Darlene J PEREKSTA, J.S.C. reputation includes identifying individuals who are REPEATEDLY RECOGNIZED AS SOUTH- or have committed fraud against your ERN CALIFORNIA SUPER LAWYER. company, plus preparation of evidence Full contingency fee structure ALL CASES HANDLED Fictitious Name Statement to dismiss civil actions, assisting the File No. (2011062122) in appropriate cases CONFIDENTIALLY AND ON A District Attorney to criminally prosecute CONTINGENCY FEE BASIS The following company is doing business as Tobacco Free Org, 8117 W Manchester Ave, all individuals involved, and obtaining Suite 500, Playa del Rey, CA, 90293. This business is being conducted by Foundation for Millions of dollars in recoveries Restitution of money paid on the claim. (310) 477-4775; EMAIL: a Smokefree America, 8117 W Manchester Ave, Suite 500, Playa del Rey, CA, 90293.This [email protected] statement was filed with the County Clerk of Los Angeles on July 12, 2011. Published on, 7-25-11, 8-1-11, 8-8-11, 8-15-11. Notice - this fictitious business name statement expires www.lalitigationlawyers.com; Encino, California: (818) 905-8696 VISIT OUR INFORMATIONAL on, July 12, 2016. A new fictitious business name statement must be filed prior July12 213.687.1515 www.theinsurancefraudexperts.com WEBSITE: RMPLAW.COM 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).

Fictitious Name Statement File No. (2011069594) Need a legal specialist? The following company is doing business as 1) Maltas, 5777 W. Century Blvd, Suite 560, Los Angeles, CA 90045. 2) Maltasonline, 5777 W. Century Blvd, Suite 560, Los Angeles, CA 90045. Additional Names: Maltalonline- EUR, Maltasonline- BRL, Maltasonline-CNY. This To advertise your boutique law ﬁ rm with highly business is being conducted by Iscomp Systems Inc, 5777 W. Century Blvd, Suite 560, Los Angeles, CA 90045. This statement was filed with the County Clerk of Los Angeles on July specialized law practices in the L.A. Law Guide, 22, 2011. Published on, 8-1-11, 8-8-11, 8-15-11, 8-22-11 Notice - this fictitious business name statement expires on, July 22, 2016. A new fictitious business name statement must contact Rosz Murray at 323.549.5225 be filed prior July 22 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 Content Previous Page Zoom In Zoom Out Next Page

54 LOS ANGELES BUSINESS JOURNAL AUGUST 15, 2011 Transport: Port Gets in Deep With Expansion Plan

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goods keep entering North America through Southern California. “The port doesn’t build things for the fun of it,” said Robert Kanter, managing director for environmental affairs and planning at the Port of Long Beach. “We’re building to meet the demand.” The $650 million project, part of a larger strategy at both the Long Beach and Los Ange- les ports to accommodate bigger ships, has been in the works for more than a decade. The port bought the Pier S site, a former oil field, in 1994 and had plans to develop it as early as 1999. The development is about to face its first hurdle in the next few weeks as the port pre- pares to release an environmental impact report. The report will lay out different configura- tions of the project, and outline measures to reduce its impact on the environment and nearby residents. Those measures might not be enough to mollify the concerns of environmental groups, which have stalled previous port expansion plans. Opponents, in fact, may argue the port doesn’t really need a new terminal, because it’s uncertain how much traffic the port could lose when the expanded Panama Canal opens. But port officials say they have to be ready for increased competi- RINGO H.W. CHIU/LABJ tion and that now is the time to prepare. Shipping Shape: Pier S, foreground along waterfront, on Terminal Island at the Port of Long Beach. “Nobody has a crystal ball, but I think we’re fairly comfortable,” said Sean Straw- both projects scheduled to be complete in 2014. bridge, the port’s managing director of trade He said other ports are doing studies on relations and operations. deepening their channels, but the process is too 710 costly and time-consuming for many ports. 47 Pier S 110 In the longer term, Strawbridge said, ship-

The new container terminal would be Long ANAHEIM A AVE. FE SANTA ping companies will start using even larger ED Beach’s first since it opened the Hanjin termi- M 103 ships – some too big even for the expanded LA nal at Pier T in 2002. At roughly one-quarter A canal but not too big for Long Beach’s mod- of a square mile, it would be smaller than all LOS ANGELES ernized terminals. He said nearly half of cargo LONG but one of the port’s seven existing terminals. BEACH ships on order are designed to carry more than GES BLVD. 47 LOS ANGELES Gerald It will likely have more than a half-mile of W. HARRY BRID LONG BEACH FRWY. 10,000 TEUs, many of which will likely be too

Desmond AVE. MAGNOLIA wharf space, enough room to dock two or three TERMINAL Bridge large for the canal. ships, each about 1,000 feet long and capable of ISLAND FRWY. LONG carrying about 9,500 20-foot cargo containers. PIER S BEACH Environmental opponents If approved, Kanter said Pier S will take The biggest hurdle for the Pier S project between four and seven years to build. It has could be local, when the environmental impact been speculated that Evergreen Shipping report is released. OCEAN BLVD. Agency, part of Taiwanese shipping giant Vincent Site of Legal challenges by environmental and Thomas Pier T Evergreen Marine Corp., is interested in Bridge proposed community groups stalled port expansion pro- operating the new terminal. shipping jects for much of the past decade, but both 47 Evergreen, which already operates a termi- terminal ports have had an easier time getting projects

nal at the Port of Los Angeles, did not return approved recently thanks to clean-air programs . calls for comment. Y PORT OF LONG BEACH that have reduced truck and ship emissions

However, because Pier S is on the land-fac- VD over the past few years. BL Terminal ing side of Terminal Island, Strawbridge said it TERMINAL WA But port officials acknowledge that Pier S won’t be able to service the largest vessels OR Island is a different animal.

RB Fish expected to call on the port in the future. Harbor When port officials were pushing the Mid- Those will be sent to the port’s Middle Har- HA dle Harbor project, they argued that environ- . . LOS ANGELES bor terminal, a project under construction that S PORT OF LOS ANGELES mental measures in the plan would reduce will combine two older terminals into a single SAN overall emissions compared with the two exist- modern one. When complete, it will be able to PEDRO ing terminals. They can’t say the same thing Pier 400 handle ships carrying up to 18,000 20-foot about Pier S. SAN containers. Construction on the $1 billion Mid- 1/2 mile Map Area Kanter, the port’s environmental affairs PEDRO dle Harbor project started earlier this year and 5 miles director, said Pier S will be “probably cleaner could be completed as early as 2020. Los Angeles BAY than any other terminal in the world,” but Pier S and Middle Harbor will share many Harbor acknowledged it will still produce more emis- features, including longer wharves and on- sions than an empty lot. dock rail – tracks that go all the way to the ter- Indeed, environmental groups have already minal and allow cargo containers to leave the capacity will be needed beginning in 2014, director of the Port of Los Angeles. said they will use a more critical eye on Pier S. port by train rather than truck. when the expanded Panama Canal will allow Sanford said that companies invested in “The baseline is going to be very different – The Port of Los Angeles is making similar large vessels from Asia to pass through to Long Beach and Los Angeles aren’t likely to there’s not a container terminal there now,” upgrades to two of its terminals: TraPac and Southeast and East Coast ports. suddenly pull out. said Melissa Lin Perrella, a senior attorney China Shipping are both extending their wharves, “Nobody knows what’s going to come out “There is a huge attraction, particularly for with the Natural Resources Defense Council, installing cranes and getting more room for of the Panama Canal when they cut the rib- Pacific Rim shippers, to their existing relation- which has sued the port over past projects. cargo. TraPac is adding on-dock rail, too. bon,” said Dave Sanford, director of naviga- ships to West Coast ports and the connections, As a result, Pier S will include numerous Those are all features shipping companies tion policy and legislation for the American particularly to rail, into Middle America,” he said. measures to keep emissions at a bare minimum. are looking for, said Michelle Grubbs, vice Association of Port Authorities. There are more tangible reasons as well. In The terminal would be built to let ships plug in president of the Pacific Merchant Shipping About 60 percent of cargo coming into the short term, many Eastern ports don’t have to shore-side electricity instead of having to run Association, which represents West Coast local ports stays in or close to Southern Cali- deep enough water to handle the largest cargo their engines for power. Forklifts and other shipping companies and terminal operators. fornia, but much of the rest goes to the East ships that will be able to use the expanded equipment at the terminal would run on electric- “You need the larger berthing space to be and Midwest – areas that could be served by canal, said Strawbridge. ity or fuels other than diesel. Ships docking at able to dock these large vessels,” Grubbs said. other ports, including some in Canada and “You’ve got to think about where those the terminal would be required to slow down “And when you’ve got more containers, you Mexico that are in the process of expanding. vessels are going to go after they traverse the when they enter a 40-mile radius of the port. need more space to be able to unload them.” But local port officials and industry experts canal,” he said. Regardless, Kanter said he expects groups say there will be plenty of demand for new ter- Sanford said big ships headed through the opposed to port expansion to fight the project. Competition minal space. widened canal will need channels up to 48 feet “Are groups going to say we don’t need All those projects together mean the two “Just because the canal opens up doesn’t deep. Today, only ports in Norfolk, Va., and Bal- this? Yes. But we can demonstrate a need,” he ports will be able to handle much more cargo. mean ships are all of a sudden going to stop timore have 50-foot channels. Miami and New said. “We’re implementing every (environ- But the question remains whether all that coming here,” said Geraldine Knatz, executive York are deepening their channels to 50 feet, with mental) strategy that can be implemented.” 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Content Previous Page Zoom In Zoom Out Next Page

AUGUST 15, 2011 LOS ANGELES BUSINESS JOURNAL 55 Government: CRA Projects Running on Empty?

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55-acre project next to a planned light-rail station in the San Gabriel Valley city. Samuelson & Fetter is proceeding with a single apartment building on the site, but everything else is on hold. “If we can’t move forward on the rest of the project, it would be terrible for our business,” Fetter said. “We’ve thrived the past 40 years on infill redevelopment projects. Now we’re looking at having to change our business model.” The Monrovia and other redevelopment projects are up in the air, despite actions over the last couple of weeks by the Los Angeles City Council and other cities to save their redevelopment agencies from elimination. In order to preserve the agencies under the new law, the cities have to come up with millions of dollars each year to pay to the state, which in turn will distribute the money to school districts and other local governments.

However, the loss of funds means future PHOTOS BY RINGO H.W. CHIU/LABJ redevelopment and affordable housing projects Big Lots: Developers Blaine Fetter, left, in Monrovia and Hunter Johnson in South Gate in front of their problem projects. are likely to become casualties, facing long delays or being scrapped altogether. That real- agency estimated the gap is about $10 million. investment in our local economy that is now in Most redevelopment agencies have asked ization is sinking in among developers who have “The project is not toast,” Essel said, “but it question,” said Monrovia City Manager Scott city governments to authorize the payments to for decades thrived on redevelopment projects. will be much, much more difficult to move the Ochoa. “Redevelopment is one of the few tools Sacramento so they don’t have to be dissolved. “Redevelopment is now becoming more project forward on a timely basis.” we have to jump-start the local economy and But John Shirey, executive director of the Cali- difficult and costly for developers,” said R.J. Another project that has already felt the now much of that is being taken away from us.” fornia Redevelopment Association, said about Comer, partner with Armbruster Goldsmith impact is a parcel on Wilshire Boulevard at Just up the street, another project is also at 13 percent of the state’s 350-plus agencies & Delvac LLP, a land-use consulting firm in Hobart Avenue in Koreatown. The redevelop- risk. Plans for a vacant 1.7-acre site at Myrtle indicated in an internal survey they are consid- West Los Angeles. “Some developers may ment plan called for the CRA and L.A. devel- Ave. and Huntington Drive include 67,000 ering shutting down because they don’t believe decide it’s not worth it.” oper Hankey Investment Co. LP each to put square feet of offices and a 7,500-square-foot they will be able to make the payments. up roughly $10 million to acquire the land restaurant. Shirey said a handful of these agencies L.A. projects at risk from another party. The city signed a development agreement were in Los Angeles, though he said he could In Los Angeles, several major redevelop- But the CRA had to back out of its $10 mil- in 2008 with Pasadena-based MHi Corp. for not identify them because of the confidential ment projects have already been delayed or lion commitment, forcing Hankey to pay the the site. The deal called for the Monrovia nature of the survey. He also said it’s possible thrown into limbo. entire $21 million land acquisition cost in Redevelopment Agency to sell the land at a that some of the agencies considering shutting The Los Angeles Community Redevelop- order to close escrow. discounted rate. However, with the required down may still find ways to make the payment Agency, the largest in the state, received “This extra payment will cause a delay in state payment, the agency may not now be able ments to the state. City Council approval last week to remain in the project and it hurts my return on invest- to discount the land. For those agencies that decide to shut business and pay the state the required $97 ment,” said Chief Executive Don Hankey. “With real estate values being what they are down, the law authorizes the creation of a suc- million next year and at least $25 million in But Hankey said he intends to continue now, this project won’t work for us unless we cessor agency that would see through all exist- subsequent years. with the project, which includes a five-story can get that discount on the land,” said MHi ing project agreements and bond repayments. However, the money will come from building with 240 apartments atop 15,000 President Lary Mielke. “It’s very frustrating; However, that successor agency would not be planned agency contributions to affordable square feet of ground-floor retail. He’s count- we’ve got tenants interested in the property but allowed to enter any development agreements housing projects; some redevelopment projects; ing on rising rental rates to make up some of all of a sudden this new element pops up that or issue bonds, which in the past have been and other agency programs, such as façade the additional up-front cost. we never expected.” repaid by property taxes paid by landowners in upgrades for retail and commercial buildings. the redevelopment district. Chris Essel, chief executive of the CRA, Monrovia projects Redevelopment a target The California Redevelopment Association told the Business Journal that the agency’s In Monrovia, much of that massive 55-acre Redevelopment agencies, which have long has filed suit in the state Supreme Court claim- biggest concern is being able to make the first redevelopment project around a planned Gold been controversial for their use of eminent ing the laws violate last year’s Proposition 22, payment of $97 million, which amounts to Line Metro station is up in the air as the money domain and taxpayer funds, were targeted by which bars California from raiding local govern- about one-sixth of its total annual budget. the city had planned to use to purchase the Gov. Jerry Brown as a way to help balance the ment coffers. The court last week placed an “That’s a big hit out of our budget, so some property may go to the state. state budget. injunction on the law while it considers the case. projects will not be worked on,” Essel said. Plans for the Station Square Transit Village After months of budget negotiations, Brown A final ruling could come by the end of the year. Among the projects facing CRA funding include 850,000 square feet of offices, 140,000 in June signed a pair of bills expected to extract In the meantime, redevelopment officials delays is Blossom Plaza, a mixed-use develop- square feet of retail, a 250-room hotel, a sports up $1.7 billion in revenue from the agencies statewide are going through their project lists, ment in Chinatown. The plan calls for 262 res- club and up to 3,800 residential units. next year and $400 million in subsequent years. evaluating which projects they can afford to idential units atop 40,000 square feet of retail As of now, only a single 250-unit apartment One bill abolishes the agencies; the other pursue and which ones to cast aside. space. The CRA acquired the parcel out of building is slated to move forward. The rest is at allows the agencies to re-establish themselves if “All agencies are looking through their pro- bankruptcy and asked developers to bid on it. risk because the redevelopment agency must they agree to turn over millions of dollars in tax gram plans,” Shirey said. “They are cancelling The developers who bid all said they needed pay $1 million to the state next year. revenue for use by local school districts and projects, delaying the projects or reducing the public subsidies to make the project work. The “We’re talking about $1 billion worth of other local government bodies. scope of their projects.” Affordable Housing May Lose Capital to Sacramento

HE redevelopment funding crunch is not One local affordable housing developer, and limiting cities’ ability to attract businesses. state, this site will remain underutilized for Tonly hitting massive projects, but scores Linc Housing Corp., has opted not to pursue For example, in Whittier, the Redevelop- years to come,” said Chris Essel, CRA chief of affordable housing developments and busi- several projects and has seen other projects ment Agency must fork over $2.9 million to executive. ness improvement projects. placed on indefinite hold. the state next year. Redevelopment Manager The protracted dispute over redevelop- Under state law, redevelopment agencies “We’ve been forced to watch as afford- Tomas Duran said that would not leave ment agencies has also impacted the city of must set aside 20 percent of their capital able housing projects that we could have enough money to fund loans for a facade L.A.’s ability to retain businesses. Deputy funds for affordable housing. That’s not only preserved with redevelopment money have improvement program that would spruce up Mayor Matt Karatz, Mayor Antonio Vil- a significant amount of money, but it often is gone to market-rate housing companies,” commercial storefronts. laraigosa’s new jobs czar, told the Business the first capital to go into a project. said Hunter Johnson, president of the Long Sacramento’s demand for money could Journal last month that one employer would In the city of Los Angeles, redevelopment Beach non-profit. also impact a 72-acre industrial zone in North like to expand within a redevelopment zone, officials say seven affordable housing pro- Johnson pointed to one project in South Hollywood that houses about 150 small busi- but because of the redevelopment agency jects are already threatened. Gate where Linc initially entered the bidding nesses, including some light manufacturing funding scramble, the city may not be able to In Long Beach, almost all funding for process but withdrew once it became clear companies. The city of L.A.’s CRA can’t offer enough incentives. affordable housing for the next year is on the that the South Gate Redevelopment Agency allow businesses there to expand until the “We risk losing that business to another chopping block as the city’s Redevelopment would not be able to contribute funding. agency pays $1 million for sewer hook-ups city or state because it’s pencils down at the Agency searches for ways to make its Business improvement projects also could and $6 million for other infrastructure work. CRA,” he said. required $34 million payment to the state. go by the wayside, halting business expansions “If we have to divert this money to the – Howard Fine 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Content Previous Page Zoom In Zoom Out Next Page

56 LOS ANGELES BUSINESS JOURNAL AUGUST 15, 2011 Tech: Market Has Firms Taking Stock of IPO Plans weeks of 500-point swings, it’s going to rattle “LegalZoom is prepped and ready to go online marketing startup BlockBeacon, said Continued from page 1 people,” he said. “I guess we’ll all be a little IPO, but market volatility will definitely affect that if venture firms tighten their purse strings, wiser in a few weeks.” that,” Lee said young companies could have a harder time chant bank Siemer & Associates, which spe- He’s not as concerned about ShoeDazzle, a finding funding. cializes in technology and digital media compa- IPO impasse Santa Monica company that chooses acces- “Companies looking to raise a seed round nies. “Going public has a lot to do with certain- Technology was one of the first sectors to sories for customers based on their style pref- or a series A, those are the companies that will ty, and right now the certainty is out the door.” recover from the 2008 recession, and high-tech erences. The company raised $40 million in get cut (by the VCs) first,” Mills said. “It’s a The concern is more than theoretical. Amid and social media companies have been instru- May in a funding round led by Menlo Park completely irrational market, and we have to the market turmoil, eight of 11 companies set mental in helping revive the IPO market. venture capital firm Andreessen Horowitz, assume the worst.” to debut on U.S. markets last week, including In the last year, several local tech compa- bringing its total funding to $60 million. The Babcock of Rustic Canyon said he doesn’t Seattle lender HomeStreet Inc., delayed the nies have made their public debut, including company’s financing has led some to speculate expect the volatile market to necessarily cut off pricing of their IPOs. online content house Demand Media and that it could soon file to go public, but Lee said the flow of investment as much as prompt crit- What’s more, Boston data backup company business software company Cornerstone he’s focused on growing the business first. ical looks at companies’ worth. Carbonite Inc. slashed its pricing range by OnDemand, both in Santa Monica. It’s a reaction echoed by Jay Samit, chief “There’s quite a bit to be excited about in several dollars, which could portend problems As public offerings have heated up, invest- executive of SocialVibe. The West Holly- the venture business,” he said. “What you’ll for L.A. firms that already have filed for their ment money has started to flow. Venture capi- wood digital advertising company raised $20 see is a push down on valuations more than IPOs but have not been priced. They include tal firms invested $380 million in 64 local digi- million in a round led by Palo Alto’s Norwest contraction on spending amounts.” video game rental service GameFly, and a tal media companies in the last year, according Venture Partners, bringing its total to more Newly public companies that debuted dur- handful of other assorted companies, including to a report from PricewaterhouseCoopers LLP. than $40 million. ing the IPO boom also weren’t spared during two financial firms, Oaktree Capital Group With that kind of money in the hands of But Samit said an IPO is not the in compa- last week’s market sell-off. LLC and TMAC Mortgage Co. L.A. companies, industry insiders speculate ny’s short-term plans, so market volatility Shares of Demand Media, which went public However, not everyone involved in the that a number of them have been planning to doesn’t worry him yet. In fact, a struggling in January, hit their all-time low Aug. 8 when they local IPO market believes that the market take advantage of the hot IPO market. economy could mean more business for closed down 9.7 percent to $8.36. Cornerstone volatility will necessarily lead to lengthy Among them is LegalZoom, a Glendale- SocialVibe as brands look for cost-effective OnDemand, which began listing on the Nasdaq in delays to public debuts. based website specializing in legal documents. marketing, he said. March, withdrew its plans for a secondary offer- John Babcock, partner in the Santa Moni- The company raised $66 million from Menlo “The worse the market right now, the better ing, citing adverse market conditions. ca office of Rustic Canyon Partners, said Park venture capital firms Kleiner Perkins we look,” he said. Nikhoo of Siemer & Associates said that his firm has invested in an L.A. company and Institutional Venture Partners in April. the stock of those companies was especially planning to file for an IPO this week. The Chief Executive Jason Suh told blog Return on investment vulnerable to market swings because the firms company will move forward with those plans TechCrunch last month that an IPO is in the Still, the slowing of the IPO market could don’t have enough of a track record that despite market volatility. company’s plans. mean that venture capital firms will have to investors can evaluate. However, the company, which he would Brian Lee, LegalZoom’s co-founder who wait longer for a return on their investments, “Companies whose stock has been public not name, is counting on the market stabilizing left to start online retailer ShoeDazzle Inc., which could hurt startups more than estab- for a shorter period of time tend to be more before the pricing in September or October. said he’s concerned what the market turmoil lished tech companies. volatile because they don’t have the history,” “Obviously if we go through another two could mean for the IPO. Brandon Mills, co-founder of Santa Monica he said. Investment: Local Businessman Scores Atlanta Hawks headquarters is here.” Continued from page 1 Guerra, a Cuban immigrant, said that Meru- elo is better known among local Cuban-Ameri- out of most of them.” cans, and the councilman believes that the Meruelo, who amassed his initial fortune string of large deals could bring more recogni- through the La Pizza Loca restaurant chain, tion to the community. runs the Meruelo Group, a diversified invest- “We Cuban-Americans have always been ment firm. Its sizable portfolio includes Meru- very proud of the work ethic we’ve brought elo Construction, a group of companies pro- with us,” Guerra said. “Downey is very proud viding construction services to a variety of of him and so is the Cuban community.” industries; Fuji Foods Products, the nation’s largest manufacturer and distributor of ready- Exclusive club to-eat sushi; and Commercial Bank of Cali- Through the Hawks deal, which is subject fornia, a Costa Mesa-based lender. The firm to approval by the National Basketball Associ- also owns more than 25 mixed-use and retail ation’s Board of Governors, Meruelo joins an properties, and 15 residential buildings. exclusive club populated largely by billionaires More recently, the firm acquired Burbank- such as Microsoft Corp. co-founder Paul based Spanish-language TV station KWHY Allen; Internet entrepreneur Mark Cuban; and (Channel 22) in January; Reno, Nev.’s Grand Beverly Hills private-equity titan Tom Gores, Sierra Resort & Casino in February; and Sun who agreed in April to purchase the Detroit Valley sushi maker Okami Inc. in May. Pistons. Meruelo is set to become the NBA’s Meruelo said in an interview last week that first Latino owner. the string of deals was coincidental and that The terms of the Hawks deal were not each had been scouted for some time. In the announced, but sports business consultant Ganis case of the Hawks, the 48-year-old basketball said the sale price was about $300 million, fan said he had been looking to buy a team for including “a significant amount of debt” Meru- years before it all came together. But it could elo took on. The businessman gained an 80 per- Taking Wing: From left, former Atlanta Hawk Dominique Wilkins with Alex Meruelo. be his last major pickup for a while. cent ownership stake in the team and its arena. “We’ve done enough acquisitions and so million in annual sales by the early 1990s. Alex Meruelo, whose business interests are The deal price was in line with other recent I’m going to take a pause,” he said. As the chain grew, so did Meruelo’s ambi- separate from his brothers’, bristled at the NBA team sales, Ganis said, but the Atlanta Gary Toebben, chief executive of the Los tions. He launched unsuccessful bids for the notion of competition between the siblings and market can be a risky one for those invested in Angeles Area Chamber of Commerce, said BJ’s Pizza & Grill and El Pollo Loco chains called a comparison of their situations “com- sports franchises. Meruelo’s star is about to shine brightly thanks later in the decade; he also invested in real pletely irrelevant.” “The Atlanta market has historically under- to the Hawks deal. Toebben, a leader of L.A.’s estate properties, the specialty of his younger “We’re very close and we’re very proud of performed in sports,” he said. “It’s a reason- business community, said he had not even real- brother, Richard, and another brother, Homero. one another’s accomplishments,” he said. able headline price, but if he is not able to turn ized that Richard Meruelo had a successful Richard, who co-founded downtown L.A.’s Still, the headline-grabbing purchase of the the fortunes of the franchise around … then brother until a few months ago. Meruelo Maddux Properties Inc., and Hawks has instantly turned the spotlight on Alex is going to be funding this out of pocket “Clearly he’s going to have a much higher Homero, a Miami-area developer, became Meruelo, who admitted he is not entirely com- for a long time.” profile in the future than he’s had in the past,” well-known during the real estate boom, and fortable there. Meruelo has already begun trying to ingra- he said. “The fact that he’s purchased the the Meruelo name become known in many cir- “I’ve been able to live a very private life tiate himself with Atlanta’s fans, holding a Atlanta Hawks – that’s a significant purchase.” cles as a result. and I like it that way,” he said. “I’ve been try- press conference where he pledged to “work Like many developers, however, the two ing to stay away from (the press) as much as I my tail off” to win over fans. Growing empire brothers were hit hard by the collapse of the possibly can.” He told the Business Journal that he plans The son of Cuban immigrants, Alex Meruelo real estate market. Richard, once considered Mario Guerra, a Downey city councilman to purchase a home in Atlanta, and with a life- started La Pizza Loca in Huntington Park in the largest landowner in downtown, was and the city’s former mayor, has known the long interest in basketball, he expects to be “a 1986. Offering unusual toppings such as chorizo recently ousted from his company during businessman for “six or seven years,” and noted very much involved fan” of the Hawks in addi- and jalapenos, he hoped to appeal to Southern bankruptcy proceedings, while Homero’s that the investor has kept a very low profile. tion to the owner. California’s largely untapped but growing Latino Merco Group has lost several properties “He’s been very private,” he said. “Most “It’s (been a dream) of mine since I was a market. An instant success, the chain topped $10 through foreclosure. people here in Downey don’t even know their little boy,” he said. 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Content Previous Page Zoom In Zoom Out Next Page

AUGUST 15, 2011 INDEX LOS ANGELES BUSINESS JOURNAL 57

‘We want to start ‘We needed to ‘I’ve never seen to get people stand out from such a business- more comfortable our competitors.’ friendly city,’ collecting.’ BILL KERBOX, JACQUES CJ LITTLE, Westside Estate Agency, STAMBOULI, Blacklots Inc., on airborne Via Trading Corp., on online art auctions, real estate videos, on Vernon, PAGE 3 PAGE 3 PAGE 14

PEOPLE Crewdson, Gregory ...... 3 H Mielke, Lary ...... 1/55 S Cuban, Mark ...... 1/56 Hankey, Don ...... 1/55 Miguel, Barry ...... 11 Samit, Jay ...... 1/56 Cuouto, Lucilio ...... 11 Hughes, Alex ...... 8 Miles, Ken ...... 58 Sanford, Dave ...... 1/54 A Milken, Lowell ...... 4 Savagian, Kent ...... 11 D J Miller, Dayton ...... 8 Scanlon, Jim ...... 3 Adler, Mike ...... 49 Johnson, Gerrick ...... 5 Davidowitz, Howard ...... 6 Mills, Brandon ...... 1/56 Scanlon, Maureen ...... 3 Allen, Paul ...... 1/56 Johnson, Hunter ...... 55 Auerbach, Alex ...... 58 DeMille, Cecile B...... 49 Mirisch, John ...... 59 Shirey, John ...... 1/55 Simon, Josh ...... 8 Dennis, Michele ...... 59 K Mitchell, Kym ...... 3 Stambouli, Alain ...... 14/15 B Dimon, Jamie ...... 11 Kanter, Robert ...... 1/54 Moelis, Ken ...... 11 Stambouli, Jacques ...... 14/15 Babcock, John ...... 1/56 Duran, Tomas ...... 55 Kazden, Alan ...... 58 Murakami, Takashi ...... 3 Stambouli, Robert ...... 14/15 Barrack, Thomas J. Jr...... 12 Kerbox, Bill ...... 3 Stella, Frank ...... 3 Battle, John ...... 49 E Kleinbard, Edward ...... 58 N Strawbridge, Sean ...... 1/54 Bennett, Joel ...... 5 Eisner, Michael ...... 5 Knatz, Geraldine ...... 1/54 Nikkhoo, Ivan ...... 1/56 Berman, Stephen ...... 5 Essel, Chris ...... 1/55, 55 Korbatov, Lisa ...... 59 Broad, Eli ...... 1/56 O T Toebben, Gary ...... 1/56 Brown, Jerry ...... 1/55 L Ochoa, Scott ...... 1/55 F Trutanich, Carmen ...... 12 Bryant, Carter ...... 12 Fetter, Blaine ...... 1/55 Lacey, Patrick ...... 49 Oldenburg, Claes ...... 3 Byrne, Chris ...... 5 Larsen, Jonathan ...... 49 Freadhoff, Chuck ...... 11 P U Lee, Brian ...... 1/56 Ushella, Giancarlo ...... 3 C G Lemmon, Duncan ...... 3, 49 Pachter, Michael ...... 5 Carter, David O...... 12 Perry, Jan ...... 11 Gable, Rick ...... 49 Lin Perrella, Melissa ...... 1/54 V Casden, Alan ...... 1/56 Little, CJ ...... 3 Primack, Rodman ...... 3 Vargas, Juan ...... 58 Charney, Dov ...... 6 Ganis, Marc ...... 1/56 Gerst, Tony ...... 8 Verba, Jeremy ...... 12 Chen, Wellington ...... 11 M R Villaraigosa, Antonio ...... 11 Childers, Minor ...... 3 Gordon, Jennfer ...... 11 MacKenzie, Gwen ...... 49 Ressler, Tony ...... 11 Cohen, Robert ...... 7 Gores, Tom ...... 1/56, 4 Meruelo, Alex ...... 1/56 Rice, Susan F...... 58 W Comer, R.J...... 1/55 Grubbs, Michelle ...... 1/54 Meruelo, Homero ...... 1/56 Roski, Ed ...... 1/56 Waldorf, Greg ...... 12 Crawford, Michael ...... 7 Guerra, Mario ...... 1/56 Meruelo, Richard ...... 1/56 Rothenberg, James ...... 11 Wedbush, Ed ...... 11

COMPANIES, California Redevelopment Harvard University ...... 14/15 Meruelo Construction ...... 1/56 Scanlon Guerra Burke Association ...... 1/55 Hasbro Inc...... 5 Meruelo Group ...... 1/56 Insurance Brokers ...... 3 ASSOCIATIONS, ETC. California Supreme Court ...... 1/55 HeliMalibu ...... 3 Meruelo Maddux Properties Inc...... 1/56 Selfridges ...... 6 Capital Group Cos...... 11 HomeStreet Inc...... 1/56 MGA Entertainment Inc...... 5, 12 SFR Consulting ...... 58 1 - 9 Carbonite Inc...... 1/56 Hudson Pacific Properties Inc...... 12 MHi Corp...... 1/55 ShoeDazzle Inc...... 1/56 7 For All Mankind ...... 11 Caruso Affiliated ...... 11 Hypercom Corp...... 4 Microsoft Corp...... 1/56 Siemer & Associates LLC ...... 1/56 Cathay General Bancorp ...... 11 Moelis & Co...... 11 Skechers USA Inc...... 11 A Citigroup Inc...... 11 I Montrose Pet Hospital ...... 3 SocialVibe Inc...... 1/56 Adler Realty Investments Inc...... 49 Coach Inc...... 11 Illi Commercial Real Estate ...... 49 Moose Mountain Toymakers Ltd...... 5 South Gate Redevelopment Agency . . . .55 Aecom Technology Corp...... 4, 12 Cogent Communications Group Inc. . . . .49 Indicus Advisors ...... 4, 11 MyLife.com Inc...... 1/56 SportsCorps ...... 1/56 Alexander Auerbach & Co...... 58 Colony Capital LLC ...... 12 J Standard & Poor's ...... 11 Alternative Bankruptcy Concepts Inc. . . . .7 Commercial Bank of California ...... 1/56 N Strategic Analytics Inc...... 5 Jakks Pacific Inc...... 5 National Basketball Association ...... 1/56 American Apparel Inc...... 6 Cornerstone OnDemand Inc...... 1/56 Sunsweet Growers Inc...... 8 American Association Joe's Jeans Inc...... 11 Natural Resources Defense Council . . .1/54 JPMorgan Chase & Co...... 11 of Port Authorities ...... 1/54 D Norwest Venture Partners ...... 1/56 T Davidowitz & Associates Inc...... 6 NSBN LLP ...... 58 American States Water Co...... 12 K Tawil Associates Inc...... 11 Anb Media ...... 5 Demand Media Inc...... 1/56, 12 THQ Inc...... 5 Kleiner Perkins Caufield & Byers . . . . .1/56 O Andreessen Horowitz ...... 1/56 Dentsu Inc...... 5 TJ Hughes ...... 7 Oaktree Capital Group LLC ...... 1/56 Anschutz Entertainment Group ...... 12 DTS Inc...... 12 L TMAC Mortgage Co...... 1/56 Apple Inc...... 49 Okami Inc...... 1/56 E La Pizza Loca ...... 1/56 Topps Co. Inc...... 5 Ares Management LLC ...... 4, 11 Earthlink Inc...... 49 Lee & Associates P Transwestern ...... 49 Armbruster Goldsmith Eaton Canyon Venure LP ...... 49 West Los Angeles ...... 3, 49 Pacific Merchant True Religion Apparel Inc...... 3, 11 & Delvac LLP ...... 1/55 Ebay Inc...... 6 LegalZoom.com Inc...... 1/56 Shipping Association ...... 1/54 ArtCollectorsClub.com ...... 3 U eHarmony ...... 12 Levinson, Marc ...... 58 Phillips de Pury & Co...... 3 Artnet Worldwide Corp...... 3 UCLA School of Law ...... 4 El Pollo Loco ...... 1/56 Li & Fung Ltd...... 11 Platinum Equity ...... 4 Asos plc ...... 6 Electro Rent Corp...... 12 Linc Housing Corp...... 55 PMA Commercial Inc...... 49 USC Gould School of Law ...... 58 AT&T Inc...... 3 Live Nation Entertainment Inc...... 12 Port of Long Beach ...... 1/54 Equipment Management V Atlanta Hawks ...... 1/56 Liz Claiborne Inc...... 11 Port of Los Angeles ...... 1/54 Technology Inc...... 12 V.F. Corp...... 11 London School of Economics ...... 14/15 Preferred Bank ...... 11 B Velo Club La Grange ...... 3 F Long Beach PricewaterhouseCoopers LLP ...... 1/56 B. Riley & Co...... 7 VeriFone Systems Inc...... 4 FremantleMedia Ltd...... 5 Redevelopment Authority ...... 55 Procter & Gamble Co...... 14/15 BeachMint Inc...... 1/56 Fuel Outdoor LLC ...... 12 Los Angeles Area Public Storage Inc...... 12 Via Trading Corp...... 14/15 Bet Tzedek ...... 4 Fuji Foods Products ...... 1/56 Chamber of Commerce ...... 1/56 Beverly Hills Unified School District Los Angeles City Council ...... 1/55, 12 Q W Board of Education ...... 59 G Los Angeles Community Quark Inc...... 4 Walt Disney Co...... 5, 11, 12 Blacklots Inc...... 3 Galeries Lafayette ...... 6 Redevelopment Agency ...... 1/55, 55 Wedbush Morgan Securities Inc...... 11 Blatteis & Schnur Inc...... 49 GameFly Inc...... 1/56 Louise's Trattoria ...... 49 R Wedbush Securities Inc...... 5 BlockBeacon ...... 1/56 Gillette Co...... 14/15 Regal Entertainment Group ...... 4 Westside Estate Agency ...... 3 BMO Financial Group ...... 5 Gores Group ...... 4 M Revlon International Corp...... 14/15 Whisper Restaurant and Lounge ...... 11 Border Group Inc...... 7 Grand Master Cycling ...... 3 Man of Action ...... 5 Rose Snyder & Jacobs ...... 58 Whittier Redevelopment Agency ...... 55 Building Owners and Managers Great American Group Inc...... 7 Manchester United ...... 14/15 Rustic Canyon Partners ...... 1/56 Wrightwood Capital ...... 11 Association of Greater Los Angeles . . . .59 Greenberg Glusker ...... 4 Mann Theatres ...... 4 Mattel Inc...... 5, 12 S Z C H MD Drinks Inc...... 8 Sakar International Inc...... 11 Zuma Bay Villas ...... 3 Cadbury UK Ltd...... 14/15 Hankey Investment Co. LP ...... 1/55 Merco Group ...... 1/56 Samuelson & Fetter ...... 1/55 Zynga ...... 12

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

58 LOS ANGELES BUSINESS JOURNAL COMMENTARY AUGUST 15, 2011 LOS ANGELES BUSINESS JOURNAL ® Unstable Chain Reaction 5700 WILSHIRE BLVD., SUITE 170, LOS ANGELES, CA 90036 HIS may be an unpopular opinion in Los apparently fear everyday low prices. They want to repeated so often that many – at least many in Cali- (323) 549-5225 FAX 549-5255 Angeles, but I’ll say it anyway: I like shop- prevent the rest of us from having the choice of fornia – actually believe it. www.labusinessjournal.com ping at Wal-Mart. shopping at Wal-Mart and other superstores. As There was an interesting op-ed last June in the T PUBLISHER & CEO Wal-Marts are clean, bright, safe places that reported last week in the Business Journal, state Washington Post by Marc Levinson, who has just MATTHEW A. TOLEDO stay open late. Their shelves are Sen. Juan Vargas of San Diego wrote written a book about the history of big retailers vs. [email protected] | ext. 207 bountiful and stocked with good- a bill that requires cities and counties small ones. He wrote: “A chain-free United States quality merchandise with low prices. to conduct an economic impact study wouldn’t necessarily be the utopia many imagine. … EDITOR CHARLES CRUMPLEY For everyday stuff – socks, tooth- whenever a superstore of 90,000 “Without chains, there would undoubtedly be [email protected] | ext. 208 paste, tires – you can’t top Wal-Mart. square feet or more is proposed. more independent stores, but few would be run by DESIGN DIRECTOR ROBERT LANDRY Now that I’ve confessed that, let You know what that means. prosperous shopkeepers. Back when independent [email protected] | ext. 243 me say something that may be heresy Opponents would use that process to stores were to be found on every corner, their own- MANAGING EDITOR LAURENCE DARMIENTO in Los Angeles: I don’t feel guilty bog down any proposed project for ers typically worked around the clock to eke out [email protected] | ext. 200 about shopping there. Not one bit. years and probably prevent many the most tenuous of livings. … DEPUTY MANAGING EDITOR Wal-Mart and similar superstores superstores from being built any- “Would an unchained world provide more STEVE SILKIN are blamed for destroying Main where in the state. Look at how the well-paid union jobs? Not likely. The Retail [email protected] | ext. 229 NEWSDESK EDITOR Street shops, but that’s a silly argu- COMMENT California Environmental Quality Clerks International Protective Association — the TOM HICKS ment. The superstores have done Act has slowed and killed lots of forerunner of today’s United Food and Commer- [email protected] | ext. 223 exactly what businesses are supposed developments. (The superstores cial Workers Union — had so few members in the REPORTERS CHARLES RICHARD CLOUGH to do: They’ve brought efficiencies to would still have to abide by CEQA, late 1920s that it had difficulty staging a national [email protected] | ext. 251 CRUMPLEY DEBORAH CROWE their industry, resulting in lower costs by the way.) convention.” [email protected] | ext. 232 and longer hours for their customers. The bill has passed the Senate and No, I don’t feel guilty at all for walking into a HOWARD FINE And the smaller competitors have done what may go to the Assembly soon. It’s strongly backed superstore. In fact, if anyone should feel guilty, it’s [email protected] | ext. 227 ALEXA HYLAND they’re supposed to do: adapt, typically by going by the California Labor Federation. A lobbyist for the legislators who would vote for this. They are [email protected] | ext. 235 upscale and selling what the superstores don’t. If that pro-union group was quoted as saying super- either union-paid lackeys or foolish enough to cast NATALIE JARVEY [email protected] | ext. 230 they can’t or won’t do that, they may go out of stores “displace existing higher-wage jobs at inde- a misguided vote to make it more difficult for the JAMES RUFUS KOREN business. But I dare say, much the same competi- pendent stores and shut down a lot of competing rest of us to have the freedom to choose where we [email protected] | ext. 225 ALFRED LEE tive pressure is a reality in your line of work. businesses.” can shop. [email protected] | ext. 221 (Besides, if small retailers are so threatened by That kind of simplistic thinking is obviously JONATHAN POLAKOFF flawed. I mean, who were these once lavishly paid Charles Crumpley is editor of the [email protected] | ext. 239 superstores, why do they pay a premium to be JOEL RUSSELL located near them?) clerks who sold socks, toothpaste or tires at inde- Business Journal. He can be reached at [email protected] | ext. 237 JACQUELYN RYAN I bring this up because some state lawmakers pendent stores? But this kind of bromide has been [email protected]. [email protected] | ext. 228 REPORTING INTERN DENIZ KORAY [email protected] | ext. 263 LABJ FORUM VISITING FELLOW HEEJIN PARK [email protected] | ext. 241 CHIEF EDITORIAL PHOTOGRAPHER The debate in Washington over the debt crisis What do you think of RINGO H.W. CHIU has been criticized for its length and political Washington’s handling [email protected] | ext. 256 Debt RESEARCH DIRECTOR acrimony. So the Business Journal asks: of the debt crisis? DAVID NUSBAUM [email protected] | ext. 236 Charge VICE PRESIDENT OF ADVERTISING JOSH SCHIMMELS [email protected] | ext. 218 ASSOCIATE SALES MANAGER ALEXANDER AUERBACH tious, but because it demonstrates that the political and will have long-range negative effects on DARRIN SENNOTT Principal system is incapable of acting maturely to address employment, on small business growth and the [email protected] | ext. 220 ADVERTISING ACCOUNT Alexander Auerbach & Co. the country’s economic predicament. quality and availability of medical care. Investors MANAGERS The technical result – rais- have been unable to perceive our government lead- JESSICA ANNAS [email protected] | ext. 240 ing the debt limit with minor ALAN KAZDEN ership as able to do the right thing. NAZ BAYAZIT near-term spending reductions Partner [email protected] | ext. 253 LATOYA KNIGHT – was necessary and appropri- Rose Snyder & Jacobs KEN MILES [email protected] | ext. 214 ate. But the process that led to It will be hard for the U.S. economy to move Managing Partner BILL MOIR NSBN LLP [email protected] | ext. 216 that result was very damaging forward when 50 percent of the people want to be ROSZ MURRAY both to the American public’s supported by the other 50 percent, and the other 50 Washington’s handling of the debt crisis is an [email protected] | ext. 215 JIM SLATER confidence in our elected offi- percent feel they pay enough. It is clear the leaders embarrassment to our great country. With the [email protected] | ext. 209 cials and in the global finan- do not care or listen to the people. recent downgrade in our country’s credit rating and SPECIAL EVENTS/ Auerbach cial market’s confidence in the subsequent turmoil in the stock market, we see ADVERTISING COORDINATOR our decision-making process. SUSAN F. RICE further the damage Washington has imposed upon MARISSA DE LA CRUZ Principal our economy. [email protected] | ext. 213 EDWARD KLEINBARD SFR Consulting PRODUCTION ARTISTS SALLY FOSTER Professor The handling of the debt crisis hurt the economy [email protected] | ext. 212 PATTY TSAI-CHU USC Gould School of Law [email protected] | ext. 242 The debt-ceiling crisis was an entirely political CIRCULATION DIRECTOR and artificial debate: The debate’s resolution has MICHAEL LEVINE profoundly negative consequences for the econo- [email protected] | ext. 247 CUSTOMER SERVICE my, not because the deal was insufficiently ambi- LE MILLHAUSER [email protected] | ext. 245 ZAINABU BRYANT [email protected] | ext. 244 Los Angeles Business Journal Poll NEW BUSINESS DEVELOPMENT REPRESENTATIVE Washington’s handling of the debt crisis: JEFF LYON [email protected] | ext. 210 Won’t have much of an impact. CONTROLLER NANCY SCHWARTZ [email protected] | ext. 202 ACCOUNTS RECEIVABLE 18% SPECIALIST PATRICIA A. BENSON 5% [email protected] | ext. 231 ASSISTANTS TO THE PUBLISHER BETH THERIAC [email protected] | ext. 249 PAUL KNEZEVIC 77% [email protected] | ext. 203

RECEPTIONIST Helps the ERIN SCHAUER economy. [email protected] | ext. 270 Hurts the economy.

CITY BUSINESS JOURNALS Online results for week ended Aug. 10 NETWORK 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Content Previous Page Zoom In Zoom Out Next Page

AUGUST 15, 2011 COMMENTARY LOS ANGELES BUSINESS JOURNAL 59 Bad Performance Review California Assembly’s latest bill on worker retention is another example It is bad economic of the state impairing free enterprise. policy because it signals to business By MICHELE DENNIS people that N regards to your article in the July 11 issue headlined “State California’s to Lock In Building Workers?,” if AB 350 becomes law, then government imposes I almost every workplace in California will face the prospect restrictions of poorer building services. And our state’s already imperiled free enterprise system will suffer yet another legal setback, making it hampering their an even less attractive place for companies to do business. right to hire the This union-backed bill mandates that if a company providing best people and to building services such as maintenance, security, landscaping, win- discharge them dow cleaning or food catering is discharged for poor service, the new provider must retain the very same workers employed by the when they fail to rejected company for 90 days – regardless of performance levels. perform their Virtually every workplace would be impacted: offices, fac- duties. tories, hotels, hospitals and retailers, as well as apartment com- plexes. It could cause a ripple effect that would damage the Capitol: California State Capitol in Sacramento. state’s reputation throughout the country and the world, as tourists, business travelers and conventioneers experience poor service and spread the word when they return home. be held legally responsible for that bad behavior without being maintained, and that suites and windows are routinely cleaned. The California Chamber of Commerce, the Building Owners and able to make background checks or impose disciplinary actions. Employees can and do change when buildings change service Managers Association of California, the California Hotel and Lodg- It is bad economic policy because it signals to business peo- firms, but often an incoming service company will offer ing Association, the California Apartment Association and nearly ple that California’s government imposes restrictions hamper- employment to many of the janitors and guards that perform every other major economic group in the state opposes this blatant ing their right to hire the best people and to discharge them well and have become a part of the culture of the building. attempt to strengthen labor union membership. It is bad law because when they fail to perform their duties. While the aim of such legislation may seem altruistic, legislators the U.S. Supreme Court held in 1976 in a case brought by an AFL- The high-performing workers of a building’s new service should consider the devastating impact of mandating whom a compa- CIO member union that neither “States nor the National Labor Rela- provider will be discriminated against. These hard-working indi- ny must hire. This can be understood best by analogy. How would we tions Board is afforded flexibility in picking and choosing which eco- viduals have the misfortune of not being “in position” at the time feel if we bought a home and had to keep the gardener and babysitter nomic device of labor and management shall be branded unlawful.” the law passes, so they can become a protected class of employ- of the previous homeowner – even if they were lousy at their jobs? If made law, AB 350 would undermine the right of an ees. They may outperform other workers and be more tenant How could a law firm operate if it took over a case from another law employer to discharge a poor performing employee at will. Fur- friendly than those in a given building, but even if their employ- firm but had to keep the attorneys that previously serviced the client? ther, it could cause lawsuits against an employer if the workers er gains the service contract, they won’t be able to service that AB 350 targets a manufactured issue and is a dangerous waste of that company “inherits” from the former firm have criminal building because the current workers are protected by law. legislative time when we are faced with real problems in this state. records, abuse drugs or alcohol on the job and cause some form The market is designed to reward performance and excel- of injury. Companies would be deprived of their basic legal right lence. While cost is a consideration for tenants, service is key. Michele Dennis is president of the Building Owners and to ensure the competence of their employees. And yet they would Tenants want to feel safe, know that the equipment is well Managers Association of Greater Los Angeles. Chamber Needs to Dig Deeper for Subway Facts

By LISA KORBATOV tunnels would run at relatively shallow depths under the lic by Metro make a compelling public policy case for building the school as well as the only land on campus available to build. Century City station at Santa Monica. And that’s before one con- ALK about tunnel vision: The Century City Chamber of Contrary to the chamber’s assertion that there are “schools siders the implications of an alignment that would cripple the Commerce’s op-ed arguing for a subway stop closer to all over” with tunnels under them, burrowing under the high building program at Beverly Hills High. Those who would pick T the heart of Century City (“Subway’s Tunnel Vision,” school would be unprecedented in California. In fact, no public the pockets of taxpayers and undermine a school renovation so Aug. 1 issue) ignores facts and makes up new ones in the cham- school in the state has a permanent building on top of a tunnel. they can move the station one measly block closer to their glitter- ber’s campaign to shake down taxpayers. The chamber favors a A tunnel to Constellation would be the first to cut directly under ing high-rises are the ones truly guilty of tunnel vision. Westside subway station that will cost more to build, serve fewer instructional buildings at a California public school. riders and stick it to schoolchildren – just to fulfill the whimsical Let’s be clear: The Beverly Hills Unified School District Lisa Korbatov is president of the Beverly Hills Unified School desires and plans of a few well-connected developers. enthusiastically supports the Westside subway. But it will stead- District Board of Education. Advocates for a station at Constellation Boulevard and fastly fight a completely unnecessary alignment that would for- Avenue of the Stars never want to acknowledge or talk about the ever impair the ability to fulfill its obligation to its students. actual facts and findings contained in the Metropolitan Trans- The private wants of skyscraper owners must not trump the portation Authority’s Draft Environmental Impact Report. That’s public needs of school kids, particularly when the alternative is LETTER because that document concludes that a station one block away cheaper and more effective. at Santa Monica Boulevard – less than a three-minute walk from ‘Hardly Relevant’ the Constellation stop – would cost at least $60 million less to Review process Re: The op-ed in the Aug. 1 issue headlined “Subway’s build and serve about 5 percent more riders, all without having What the chamber and others fail to appreciate is that public Tunnel Vision”: to take the unprecedented risk of tunneling under a high school! school construction follows a much more rigorous design and Get more for less. If we learned anything from this summer’s review process than office buildings or homes. And for good Susan Bursk attempts to claim that the Constellation debt-ceiling standoff in Washington, it should be that government reason: Schools are packed every day with children. The final Boulevard subway alignment has been planned for “all these at all levels must stretch every dollar collected from taxpayers. It call on school building plans lies with the Department of the years.” Talks from the 1960s of a line to El Monte are hardly would cost an additional $5,000 per inch to move the station State Architect, which has never approved a public school relevant in the current context. The fact is that in the more 1,000 feet south to Constellation from its long-planned location at building on top of a tunnel. recent Metropolitan Transportation Authority discussions Santa Monica, without any legitimate justification for doing so. Many of the same Constellation advocates who blithely say with the Beverly Hills transit committee, there were simply The only thing being stretched in this case is credibility. that tunneling for the first time under 80-year-old classrooms no discussions of a route that would tunnel under our historic Because the facts don’t support a Constellation station – full of kids, through an active oil field and up a hill is perfectly Beverly Hills High School. As a result, the “bait-and-switch” Metro’s analysis also finds more jobs and commercial space clos- safe suddenly lose their faith in Metro’s engineering chops characterization of the current plans for the Constellation er to Santa Monica – the chamber ignores them and touts studies when they discuss a long-dormant fault somewhere possibly alignment is accurate. it commissioned that, not surprisingly, reach different and obvi- located along Santa Monica. Having lost at key ridership and A tunnel under the high school, while benefiting Century ously erroneous conclusions. The chamber also dusts off 43-year- cost comparisons, the Constellation station is now being touted City developers, would unnecessarily restrict the Beverly old studies from the archives to make the case that Los Angeles by its backers as safer because it may or may not be closer to a Hills Unified School District’s ability to meet the needs of County taxpayers should be thrilled to help finance the high-rise fault for which there is no accurate map or measure of threat. future generations of children on a campus that is already ambitions of private developers. Southern California has changed Metro is analyzing the results of geotechnical tests now. In significantly undersized. The ability for the district to best a lot in 43 years, and Metro’s current studies reflect that. the meantime, it’s worth noting that Metro has long trumpeted serve its children should not – literally and figuratively – be What has not changed, though, is that Beverly Hills High its prowess at building a subway that runs across and alongside undermined by the subway. In their zeal, the Constellation School remains the only public high school in Beverly Hills – Southern California’s spider web of faults. The bottom line supporters should not lose sight of the importance of sup- a badly outdated campus in desperate need of renovation and remains, tunneling in earthquake country comes with inherent porting our public education institutions. expansion. The route Metro proposes for the Constellation sta- risk. But where is the risk minimized: under a crowded campus tion would tunnel directly under classrooms, and jeopardize a filled with kids or in the median of a wide boulevard? John Mirisch voter-approved building and renovation program because the The objective facts collected, analyzed and released to the pub- Beverly Hills City Council 2-Page Spread Single Page View Thumbnails | LABJ User Guide | Front Page | Table of Content Previous Page Zoom In Zoom Out Next Page

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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