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Up Front Repeat Performance: Show Schedule Pete Grande at Command Packaging’s facility in Vernon. Ready for Fall? TV: Downward pressure on ad rates may curtail production.

By GARRETT REIM Staff Reporter

The rapidly expanding bubble of scripted TV production looks to be headed for another banner This yoga year – and another. entrepreneur Some 419 scripted shows were created last thinks leather mats year, a 158 percent increase from 2011, according are no sweat. to FX Networks Research. That number is project- PAGE 3 ed to hit 550 this year and rise again in 2017. After that, however, some of the air is expected to come out of the balloon. “It now seems clear that, at a minimum, the peak will be in calendar 2017,” said John Land- Interview graf, president of FX Networks, at the Television

Please see TV page 26 Agency Starts RINGO H.W. CHIU/LABJ Fresh Mission ADVERTISING: New name, execs help guide Supermoon. Controller Ron BAN WAGON Galperin says By SUBRINA HUDSON Staff Reporter open government means business. Bag company got early jump on recycled plastic Helping clients rebrand is all part of the job for PAGE 9 advertising agencies. By HOWARD FINE Staff Reporter panies statewide to have done so. And if voters But Supermoon saw the tables turned last approve Proposition 67 next month, the com- year after the departure of its longtime chief ex- HILE most plastic bag manufacturers pany stands ready to market its bags to grocery ecutive. The company, formerly known as Tiny News & Win California and around the nation chains. Rebellion, took the opportunity to reinvent it- are pouring millions of dollars into Pete Grande, Command Packaging’s chief self, bringing in a new slate of executives to help Analysis defeating a ban on single-use plastic bags on the executive, said the decision to make ban-com- achieve that goal. statewide November ballot, a Vernon plastic bag pliant plastic bags was made nearly five years That effort culminated last month with the maker is banking on the measure’s passage. ago, after Manhattan Beach became the first city hiring of Kyle Acquistapace, a former partner at Command Packaging has spent millions of in the region to ban single-use plastic bags and Deutsch LA, as president, and the signing of new dollars on technology that allows it to produce require any future plastic bags used in grocery clients Honest Co., Campbell Soup Co.’s Fresh plastic bags that meet the strict requirements the division, and car finance firmAutoGravity . law would set up, making it one of two com- Please see MANUFACTURING page 27 Please see ADVERTISING page 26 Weed Firm Uses Celebs to Puff Up Pricey Strains How might Leslie MARIJUANA: Chroncierge’s The company, operated by four partners and a Moonves navigate part-time staff of about six employees, is scouting a Viacom-CBS pot, items pitched as high end. office space in Los Angeles and Orange counties, de- merger? buting new high-profile partnerships, and launching a PAGE 10 By HAYLEY FOX Staff Reporter strain of branded marijuana and related merchandise. Jud Nester, a co-founder, said there’s a growing Carefully curated like a selection of fine wines and number of similarities between the marijuana busi- packaged with the care of a high-end cigar, the me- ness and the wine industry, as both place a premium Exec ticulous presentation of Chroncierge cannabis is just on high-quality, small-batch products. one aspect of the company’s efforts to become, as its “Nothing’s really cooler than a limited edition,” Style name implies, the “concierge of cannabis.” said Nester, 40, who envisions a day when upscale A luxury-focused brand with an emphasis on ce- marijuana “tastings” are a reality. “I could already see lebrity partnerships, Chroncierge touts private-label, it’s different than going and doing a wine tasting, but top-of-the-line pot. With Proposition 64, which would I can see all the parallels so perfectly.” legalize recreational marijuana use in California, lead- Chroncierge works with a number of licensed Cal- ing in the polls, Chroncierge is positioning itself to ifornia growers to produce its strains, which are sold RINGO H.W. CHIU/LABJ grow from its 5,000 card-carrying members, looking Luxe Line: Chroncierge pursues a strategy to corner the market on luxury pot brands. Please see MARIJUANA page 28 of high-quality, small-batch pot production.

Actress-app Commercial Lending Solutions Tailored maker chooses to recast her Member FDIC to Grow Your Business Equal Housing Lender A Financial Services Company uniform. * Not FDIC Insured Not Bank Guaranteed May Lose Value * PAGE 29 Not Insured by any Government Agency Not a Bank Deposit Learn More at cbbank.com/la Banking | Lending | Investing 2 LOS ANGELES BUSINESS JOURNAL OCTOBER 10, 2016

LOS ANGELES BUSINESS JOURNAL ®

Purveyors of the World’s Finest Homes OCTOBER 10 - 16, 2016 VOLUME 38, NUMBER 41

Local experts | Global reach RINGO H.W. CHIU/LABJ Page 6: Sofia Padilla at the Metropolis luxury condominium development downtown. 6\Y\UPX\LZ[`SLVMZLY]PJLHUKL_JS\ZP]P[`PZ^OH[KLÄULZ\ZPU[LYUH[PVUHSS` HUKPUV\YSVJHSTHYRL[Z>OLUL]LY`V\ÄUKILH\[PM\SWYVWLY[PLZWYLTP\T ON THE COVER ENTERTAINMENT: What would a ZLY]PJLHUKL_[YHVYKPUHY`SP]PUN`V\^PSSÄUK,UNLS =€SRLYZ rejoining of Viacom and CBS mean for MANUFACTURING: Plastic bag maker Leslie Moonves – and L.A.?...... 10 moved early to get a handle on recycled LAW: Toy inventor plays up new federal content requirements. statute on trade secrets in My Little TV: Decreasing ad rates may finally pull Pony battle with Hasbro...... 12 the plug on the run-up in production of SANTA MONICA BEVERLY HILLS LOS ANGELES Columns & features – Media Watch SantaMonica.EVUSA.com BeverlyHills.EVUSA.com LosAngeles.EVUSA.com scripted shows. 12, #DTLA 14, Media 14, Deals of 310.460.2525 310.777.7510 323.937.5101 ADVERTISING: Veteran agency hits the the Week 15 RESIDENTIAL | COMMERCIAL | DEVELOPMENT | YACHTING | AVIATION trail for campaigns with a new name

Engel & Völkers does not guarantee the accuracy of square footage, lot size, or other information concerning the condition or features of the property provided by the seller or obtained from public records and other sources. and executive leadership. The buyer is advised to independently verify the accuracy of that information. CalBRE# 01906886 | 01948399 | 01911544 MARIJUANA: Chroncierge looks to roll THE LIST

branded merchandise into its premi- RANKINGS: The 25 largest temporary um-label pot business. placement firms in Los Angeles County, ranked by 2015 county revenue...... 16 UP FRONT

EXERCISE: Mats made of football-like INVESTMENTS & FINANCE leather just feel right to YogaBaller Columns & features: LABJ Stock founder Cedric Yau...... 3 Index 22 FOOD: Charity-minded This Bar Saves Lives adds Starbucks distribution to the REAL ESTATE mix for its granola treats...... 3 Columns & features – Page 3, News of Columns & features: Real Estate the Week 4, Opening Remarks 5, column 24 A Look Ahead 5 EXECUTIVE STYLE NEWS & ANALYSIS FASHION: Glam App’s Cara Santana REAL ESTATE: Condo projects could credits boarding school with teaching get a boost as Chinese investors move her how to express her away from costlier single-family individuality...... 29 homes...... 6 POLITICS: The prospect of legalized COMMENTARY marijuana has city and vendors scram- bling for licensing regime...... 8 COMMENT: The prospect of a steep GOVERNMENT: City Controller Ron drop off in television production is a Galperin talks on how Los Angeles has cause for concern, but not panic.....30 greeted business-friendly policies. ....9 Columns & features: LABJ Forum 30

Los Angeles Business Journal (ISSN: 0194-2603) © 2016 by the Los Angeles Business Journal is published weekly plus one special edition in August by Los Angeles Business Journal, 5700 Wilshire Blvd., Suite 170, Los Angeles, CA 90036. Business and Editorial Offices: 5700 Wilshire Blvd., Suite 170, Los Angeles, CA 90036, Accounting and Circulation Offices: Los Angeles Business Journal, 5700 Wilshire Blvd., Suite 170, Los Angeles, CA 90036. Call (855) 293-9394 to subscribe or for customer service. All other inquiries (323) 549-5225. Periodicals postage is paid at Los Angeles, CA 90052 and additional mailing offices. Subscription prices: 52 issues and special issue, $129.95. Single copies, $5.00. Mailed copies, $7.00. Back issues, $10.00. This newspaper is designed to inform decision-making executives, investors, and managers on the trends, the growth, and the ideas important to commerce and industry in Los Angeles County. Information in Los Angeles Business Journal is gathered from sources considered to be reliable, but the accuracy of this information cannot be guaranteed. Neither that information nor any opinion which may be expressed here constitutes a solicitation for the purchase or sale of any securities. Opinions expressed in letters to the edi- tor and commentaries are those of the authors and not necessarily those of Los Angeles Business Journal. Member Audit Bureau of Circulations. LABJ has been adjudicated Nov. 1985 to be a newspaper of general circulation. POSTMASTER: Send address changes to Los Angeles Business Journal, PO Box 16825, North Hollywood, CA 91615. OCTOBER 10, 2016 UP FRONT LOS ANGELES BUSINESS JOURNAL 3

Mat Maker Not Stressed by Price Attorney’s Dogged Dedication When attorney Karen Johnson way back to her. Of the half-dozen BallerYoga forms business says she’s been a lifelong fan of dachshunds she’s fostered this year, around high-price product dachshunds, she means lifelong. a few have had behavioral issues. with football-like texture. “My first word wasn’t mom or Johnson said these issues are dad, it was Trixie, the name of our rarely anything love, kindness, and BallerYoga is bringing a bit of family’s dachshund,” she said. “She lots of treats can’t fix. the gridiron to the yoga studio – was my best friend from the time I though it’ll cost you. was born.” Tax Returns The Santa Monica company Given the connection, Growing up in the San last month kicked off its line of it’s not surprising that Fernando Valley as the son high-price leather yoga mats, Johnson now spends much of South Korean immigrants which it claims are the first to be of her free time working without high school made with full-grain leather. The on behalf of Dachshund degrees, Andy Park, tax firm, which launched in April, is Rescue of Los Angeles, partner at Ernst & Young, in talks with five retailers to carry the third rescue organization knew the importance of the mats, including San Francisco in Southern California she’s having a mentor. e-commerce site Touch of Modern. worked with over the past His older cousin Ted They are also available online. 10 years. Johnson helped him stay focused BallerYoga’s founder, Cedric In that time, Johnson, on school when he was Yau, said he wanted to create a mat a partner at Walsworth downtown, younger. with better grip and took inspiration said she’s fostered more than 30 pups “He didn’t go to college,” said from a football, which is designed and helped find homes for countless Park. “He encouraged me not to select for all types of weather. others. She helps put on the path he went down.” “One of the biggest problems weekly adoption events Park, 34, was with mats is they get slippery either and coordinates with PAGE 3 reminded of this lesson dry or wet,” said Yau. “I was looking other members of the recently when he led a at different materials – rubbers, rescue organization to JONATHAN group of high schoolers hemp, bamboo – and said, Hey, a pull dachshunds out of DIAMOND from Santee Education football yoga mat would be fun.” RINGO H.W. CHIU/LABJ high-kill shelters from Complex in South Los The mats, which come in either Different Perspective: Founder Cedric Yau on BallerYoga mats. San Diego to Fresno. Angeles in an exercise natural sand color or red, feature “I’ve always thought it’s pitching a business idea during stitching that resembles a football Goods for its National Football Yau, who owns analytics firm important to give something back,” EY Connect Day, the firm’s annual when rolled up. Prices range from League balls. A piece of the raw Linebacker Data, formerly Yow she said. community service day. $795 to $1,250. leather costs up to $250, said Yau, Time, said he is self-funding the Johnson said her first dog “What most impressed me was The mats are manufactured in which accounts for the product’s company. He hopes to expand the rescue actually happened while she how receptive and coachable the downtown, but the leather is sourced hefty price tag. However, the business through custom branding was a student at Southwestern students were,” he said. from a tannery in Chicago that’s company is working to introduce a for high-end spas and resorts. Law School. Coming out of The students were tasked with also used by Wilson Sporting lower-price line in the future. – Subrina Hudson class, she saw a dog in creating a product out the middle of Wilshire of supplies such as Boulevard and dodged construction paper, toys, and eyeglasses maker Warby a bus to pull it to safety. and straws, and coming Treats Company Parker, have been doing it for years. Johnson sat on the school’s up with a business plan. Has More to Give Devlin, an actor, came up with front steps and asked Park’s group thought the idea for This Bar after taking a everyone coming out of of a monthly surprise This Bar Saves Lives teams humanitarian trip to Liberia, where the building if they could gift subscription service he witnessed doctors distributing take the dog until someone called “Surprise You.” with Starbucks distribution Park to heat up charitable sales. packs of nutrient-rich paste called finally did. That first act has Park shared the Plumpy’Nut – a blend of peanuts, snowballed into something of an public speaking training he’d gotten This Bar Saves Lives has milk powder, and micronutrients obsession. at EY. actually saved about 8,000 so that doesn’t need to be refrigerated “I can’t pass up a rescue “I focused on the importance far, according to the granola bar The new partnership doubles the or mixed with water. For every This opportunity now,” she said. of being confident, maintaining eye company’s own count. And a new number of retail locations where Bar sold, Plumpy’Nut’s nonprofit Johnson has three dachshunds contact, and keeping your weight on distribution deal with Starbucks This Bar’s products are available, manufacturer, Edesia, distributes of her own – along with a border both feet,” he said. could help even more. bringing the total to 4,000. one packet through a partner to collie and a menagerie of other The experience made him want to Embracing a “one-for-one” “We don’t have the deep pockets children in Haiti, Mexico, and the animals. She said one of the biggest continue doing such work. He plans charity model, This Bar donates a that these bigger companies have, but Democratic Republic of Congo, challenges with rescuing dogs is to join EY’s program helping Santee nutritional pack to a malnourished we have this clear and direct impact among others. they often have emotional problems students with college applications. child abroad every time one of and mission,” said Chief Executive More than 1.2 million of This and even when an adoptive family “To me it was very inspiring,” its gluten-free, fair-trade bars is Ryan Devlin, who founded the Bar’s products, which cost $3 each, is fully vetted it sometimes doesn’t he said. “It reminded me of the purchased in the United States. The Culver City firm in 2013. have been sold to date, with revenue work out and the animals find their importance of giving back.” products recently hit the shelves of While This Bar is one of the first doubling year over year for the first every Starbucks store in California, granola bar companies to embrace three years, according to Devlin. Staff reporters Henry Meier and Caroline Anderson contributed to this column. having previously been sold at the donation-driven business model, This Bar projects revenue of $10 Page 3 is compiled by Editor Jonathan Diamond. He can be reached at Whole Foods and Target locations, similar businesses in other industries, million next year. [email protected]. as well as boutique hotels. such as Toms Shoes of Santa Monica – Hayley Fox

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week on the Downtown News’ website that she is putting the publication up for sale. The Downtown News prints 40,000 papers a week that are distributed at nearly 800 locations in 16 neighborhoods around Los Angeles, according to Laris, who did not disclose an asking price. – Kristin Marguerite Doidge

COUNTY APPROVES BIOSCIENCES INCUBATOR airport’s southside terminals – 4, 5, 6, 7, The Los Angeles County Board of Super- and 8 – with the Tom Bradley International visors unanimously approved $3 million in Terminal, allowing domestic travelers to catch funding last week to help pay for the creation their connecting international flights without of a biosciences incubator on LA BioMed’s having to go through Transportation Security campus in Boyle Heights along the northern Administration checkpoints again. Officials edge of the USC Health Sciences Campus. plan to include another connector between The 18,000-square-foot site is within walking the international terminal and Terminal 3, and distance of three major hospitals: Los Angeles walkways among terminals 1, 2, and 3 as part County-USC Medical Center, the USC of LAX’s $14 billion modernization effort. Norris Cancer Center, and USC University – Paul Eakins Hospital. County leaders initially pushed the idea in the late 1990s, but that was before SNAPCHAT COULD FILE FOR The company reportedly told investors biomedicine became a major focus for USC. FREE MORNING UPDATE IPO IN MARCH earlier this year that it could hit $1 billion in Since then, the university has received several Snap Inc., maker of Snapchat, is reportedly revenue in 2017. Snap has raised about $2.4 major donations earmarked for biomedical labusinessjournal.com preparing for a $25 billion initial public billion from private investors since launch- facilities and faculty. – Omar Shamout offering of its stock this March. ing in 2011. – Garrett Reim The best source for The Venice company has not yet filed for up to the minute local, national and an IPO with the Securities and Exchange LAX UNVEILS TERMINAL worldwide business news. Commission, but is working on the registra- FOR SALE: L.A. DOWNTOWN CONNECTOR Prepared by the editors of the tion paperwork, according to the Wall Street NEWS Los Angeles International Airport opened a Los Angeles Business Journal and sent Journal. The mobile photo messaging and The Los Angeles Downtown News might $148 million terminal connector last week to to you by e-mail every business day. content platform was valued at $17.8 billion soon have a new owner. Editor and publisher make moving from domestic to international Sign up now at by private investors during a May fundrais- Sue Laris, who launched the free weekly flights easier on passengers. www.labusinessjournal.com ing round. paper 44 years ago, announced in a post last The Terminal 4 Connector joins the

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Who’s making a statement in L.A. business OPENING REMARKS Compiled by Tom Hicks “I’ve definitely “Risk mitigation is vital. The city is a large sold some organization that can be an Twitter shares. attractive target for lawsuits.” Los Angeles City Controller RON GALPERIN on reining in costly I don’t own as legal settlements. (See page 9.) many as I used “I get to continue an to because I’m educational legacy begun by Ambassador Walter not an idiot, but Annenberg and nurtured I own more than by his daughter Wallis Annenberg, who is a true I should because patron of journalism.” WILLOW BAY on her work as I’m an idiot.” director of USC’s Annenberg School of Journalism. (See page 14.) Early Twitter investor and Lowercase Capital Managing Director CHRIS SACCA, speaking to Bloomberg Television, on his stake in the social media company. “While there is more great “We wanted to create a television than at any time cannabis lifestyle brand for in history, audiences are the rock ’n’ roll market. having more trouble than We hope one day we’ll be ever distinguishing the great the Jack Daniel’s of weed.” from the merely competent.”

The Grow Division’s EDDIE DONALDSON FX Network’s JOHN LANDGRAF on Heavy Grass. (See page 1.) at the Television Critics Association press tour in August. (See page 1.)

What’s on the agenda for Los Angeles business A LOOK AHEAD in the coming week

tral Valley, Grimmway Farms and Olam In- EDUCATION: Agriculture ternational, developed Wonderful Agriculture program may guide other Career Prep, a program funded with almost $19 million in state grants through local school fields on skills training. districts. It allows students at seven participat- ing schools in the Central Valley to take col- By CAROLINE ANDERSON Staff Reporter lege community classes so that they can trans- fer to a four-year college or start a $35,000- to Lynda and Stewart Resnick want their $50,000-a-year job at Wonderful, which has Wonderful Co. to produce more than pome- 7,800 employees worldwide. granates and pistachios. The grant was from a state fund, the Cal- The $4 billion agricultural company, whose ifornia Career Pathways Trust, established in portfolio includes POM Wonderful pomegran- 2014 to distribute $500 million to state schools ates, Fiji Water, and floral delivery service to promote technical career education. Teleflora, is hoping to convince other compa- “When we were awarded the Career Path- nies to follow its lead in creating a high school ways grant, the state asked us to share our program to develop skilled workers at a sym- model,” said Dr. Noemi Donoso, senior vice posium Oct. 13 at the Beverly Wilshire Hotel. president of education initiatives at Wonder- About 50 executives from companies such ful. “We said, What if we invite other business as W Hotels are expected to attend the Careers leaders to hear about the model? It’s an excel- Pathway Lab, which organizers said will ad- lent opportunity to hear a fellow CEO sharing dress the gap between jobs available and work- why she does this, hoping to inspire other ex- ers’ skills that some experts say could hit the ecutives to start partnerships.” state by 2025. Despite the Wonderful program’s focus on Jobs for the Future, a nonprofit advocacy agriculture, the idea can be transferred to other group, and Linked Learning Alliance, a state- industries, said Donoso. RINGO H.W. CHIU/LABJ wide high school initiative based in Sacra- Dr. Barbara Staggers, executive director Growing Influence: Wonderful’s Stewart and Lynda Resnick in a 2014 photo. mento, are co-hosting the invite-only program, of the Center for Community Health and En- which will feature Lynda Resnick; Tom Tor- gagement at UCSF Benioff Children’s Hos- thropy at JPMorgan Chase, will talk about his vice president of corporate communications at lakson, state superintendent of public instruc- pital Oakland, will discuss the hospital’s in- company’s $75 million New Skills for Youth Wonderful. tion; and Eloy Oakley, the incoming chancel- ternship program that allows students to shad- initiative to expand skills-based education. “I think why (our program) has been so lor of California’s community college system. ow mentors, for example. The organizers sought out high-ranking successful is the force behind it comes straight Resnick will discuss how Wonderful, along Chauncy Lennon, managing director and executives as attendees to effect change at the from the top, which we’re trying to impart to with two of the other largest farms in the Cen- head of workforce initiatives in global philan- highest level, according to Steven Clark, the our partners,” said Clark. Residential Buildup: Greenland Holding Group’s $1 billion Metropolis condo project downtown.

PHOTOS BY RINGO H.W. CHIU/LABJ New Home Base

Restrictions push Chinese investors away from By DAINA BETH SOLOMON Staff Reporter higher-price single-family residences to condos

HINESE investors dent at Cathay Bank, said he began noticing seeking to park a couple of years ago that Chinese homebuy- Moving In: Greenland’s their money in ers were beginning to consider condos rather Sofia Padilla inside L.A. real estate than traditional houses. a Metropolis sample have typically “The high demand for luxury, big houses condo unit. purchased sin- has been slowing down,” he said. “Because gle-family homes. the government is controlling the outflow But with the Chi- of cash, it makes the affordability of condos nese government look more desirable.” doubling down on Sofia Padilla, marketing and sales direc- restricting the money that’s allowed to flow tor for Greenland’s L.A. office, confirmed out of the country, investors are beginning to that Chinese nationals are among the buyers turn to less-pricey condominiums. for the roughly 200 Metropolis condos in That could be good news for Metropolis, escrow, with prices ranging from $600,000 a $1 billion project from Shanghai-based to $2.3 million. developer Greenland Holding Group rising But China isn’t alone in producing buyers on a 6.3-acre lot downtown. It is set to wel- from abroad; foreign buyers are also com- come its first residents by the end of the year ing from Brazil, Canada, Indonesia, Japan, and deliver 822 condos by 2018, making it South Korea, Mexico, Nicaragua, and Rus- one of the largest L.A. condo developments sia, she said. in recent years. “It’s going to be home to everyone from Greenland already counts on widespread all over,” Padilla said. “We’re not especially customer loyalty in China as one of the na- targeting any specific demographic.” tion’s biggest developers and is vigorously Even at Metropolis’ sky-high rates of marketing the project with sales teams in roughly $1,100 a square foot, the condos are Shanghai, Guangzhou, and Beijing. a steal compared with homes in Shanghai Eddie Chang, an executive vice presi- or Beijing, said Clayton Dube, director of OCTOBER 10, 2016 NEWS & ANALYSIS LOS ANGELES BUSINESS JOURNAL 7

USC’s U.S.-China Institute. About half have sold, said Arden Hearing, “Real estate in China’s biggest cities managing director for project developer Towering: is just impossibly expensive,” Dube said. Trumark Urban. The majority of Ten50 Metropolis “L.A., which most Americans would argue West buyers already live downtown. condos is unbelievably expensive, is a bargain by Metropolis will soon have to compete are going for roughly comparison.” with another rival, however, in Beijing-based $1,100 a Oceanwide Holdings Co. And prospective buyers in China armed , whose Figueroa square foot. with fat pocketbooks might be particularly Central development is slated to deliver poised to regard Los Angeles, home of in- about 500 condos, a hotel, and expansive ternational icons such as the Lakers and top retail space in 2018. schools such as USC, as a prime destination. Another competitor is Circa from Kore- “China’s well-to-do increasingly think of atown-based developer Jamison Services themselves as members of the global com- and Mid-Wilshire-based Hankey Invest- munity,” said Dube. “They find real estate ment Co. The project, which is planning in the U.S. quite attractive.” Chinese buyers nearly 650 condos, is set to open by 2018. pumped $27 billion into U.S. residential Metropolis is banking on its sweeping purchases between April 2015 and March of views, contemporary design, luxury ame- this year, according to the National Associ- nities, and diversity of units ranging from ation of Realtors, making China the biggest studios to two-story penthouses to keep it foreign spender, followed by Canada and competitive. India. Chinese buyers paid about $937,000 a “The property,” Greenland’s Padilla said, property on average, and often in cash. Cali- “offers buyers the ability to join the resur- fornia claimed one-third of those purchases. gence of downtown without compromising Forty percent of Chinese buyers pur- the luxuries of modern living.” chased homes as permanent residences, while 13 percent picked them up as homes for children studying at U.S. universities, according to the Realtors association. More than 60 percent of Chinese buyers last year were U.S. residents – a jump over the previ- ous 12-month period, when only 53 percent of Chinese buyers were residents stateside. œ˜}À>ÌՏ>̈œ˜Ã̜"ÕÀ The acquisitions come as the Chinese government is scrambling to keep its capital at home amid an economic slowdown, vol- atile stock market, and weakening yuan. As part of that effort, individual Chinese inves- tors can only send $50,000 abroad a year. BROKERS And the various workarounds, both legal and illegal, are becoming tougher to carry out.

Looking up Downtown has a tight condo market OF THE YEAR compared with its abundant apartment sup- ,iVœ}˜ˆâi`LÞÌ iÀۈ˜i œ“«>˜Þ ply, partially a result of the financial crisis that hit just as multifamily construction was underway in the early 2000s. There are 30,390 apartments in the market, compared with only 5,636 condos, according to sec- ond-quarter data from the Downtown Busi- ness Improvement District. 7 However, the condo inventory is expected to get a boost over the next couple of years, with an additional 2,000 units under con- struction, including Metropolis, according to the BID. The most recent high-profile condo proj- ect to be completed was the Ritz Carlton Jason Hughes David Marino Star Hughes-Gorup Tucker Hughes Residences at L.A. Live, tucked into a tower with the J.W. Marriott hotel. The 224 condos 10+ Time Winner 10+ Time Winner 2 Time Winner 2 Time Winner sold out in 2014, three years after opening, with the final unit – a $4 million penthouse – going to a Chinese buyer, according to Hana Cha, who sold the condos for developer An- schutz Entertainment Group. Overall, about 35 percent of the project’s buyers came from Asia, including a handful from mainland China. They represented a mix of pied-a-terre owners and investors as well as families whose students attended USC. Cha, now a managing director at residen- Scot Ginsburg J.P. Roach Mike Lewis tial brokerage Compass, said Metropolis is 2 Time Winner Winner Winner expected to attract a large number of foreign buyers from mainland China, with many purchasing for long-term investment purpos- es and paying in cash. That makes sense given Greenland’s ÛiÀÞ Þi>À Ì i Àۈ˜i œ“«>˜Þ] œ˜i œv -œÕÌ iÀ˜ >ˆvœÀ˜ˆ>½Ã “œÃÌ «Àœ“ˆ˜i˜Ì >˜`œÀ`Ã] reputation back home, said Laurie Lust- ÀiVœ}˜ˆâiÃÌ i̜«LÀœŽiÀÃÜ œ >ÛiÀi«ÀiÃi˜Ìi`Ì i“œÃÌÌi˜>˜ÌÈ˜Ì iˆÀLՈ`ˆ˜}ð ig-Bower, an executive vice president at CBRE who sold the Metropolis site, former- / ˆÃÞi>ÀÕ} ià >Àˆ˜œ >à SEVEN ˆVi˜Ãi`LÀœŽiÀÃÀiViˆÛˆ˜}Ì i>Ü>À`q“œÀiÌ >˜>˜Þ ly a parking lot, to Greenland in 2014 for œÌ iÀÌi˜>˜ÌÀi«ÀiÃi˜Ì>̈œ˜wÀ“°̽Ã>ÌiÃÌ>“i˜Ì̜œÕÀÌi>“½Ã՘«>À>ii`ܜÀŽiÌ ˆV>˜` nearly $150 million. œÕÀVœ˜Ìˆ˜ÕœÕÃivvœÀÌ̜`iˆÛiÀiÝVii˜Viˆ˜iÛiÀÞÌ ˆ˜}Üi`œ° “They’re well-branded in China and a lot of their customers trust them,” she said. čÜ>À`‡Üˆ˜˜ˆ˜}ÃiÀۈViÜˆÌ âiÀœVœ˜yˆVÌœvˆ˜ÌiÀiÃÌ° >VŽi`LÞœÕÀ£ää¯ÀiÃՏÌÃ}Õ>À>˜Ìii° “That helps people who are halfway around the world purchase a condo in Los Angeles.” Metropolis also has an advantage because it is the biggest condo project set to open downtown in the coming months. The only competitor on a similar time line is Ten50 hughesmarino.com | 1-844-NO-CONFLICT West, set to deliver 150 units in the spring. 8 LOS ANGELES BUSINESS JOURNAL NEWS & ANALYSIS OCTOBER 10, 2016 Licensing of Legalized Pot Fires Up City, Vendors GOVERNMENT: Marijuana firms scramble to solve pending permitting issue.

By HENRY MEIER Staff Reporter

The November state ballot initiative that would legalize adult recreational cannabis use is overshadowing a fierce battle in Los Angeles over who will be allowed to cash in on the burgeoning industry. The fight revolves around a mandatory local licensing system that must be put into place in order for marijuana businesses to comply with state regulations set to go into effect on Jan. 1, 2018, as part of 2015’s Medical Marijuana Regulation and Safety Act. Without the local permits, cannabis storefronts, grow operations, product manufacturers, and any other marijuana- related businesses would become illegal. “If no action is taken, there will be no legal marijuana activity in Los Angeles,” said Jerred Kiloh, president of the United RINGO H.W. CHIU/LABJ Cannabis Business Alliance Trade Seeing Green: Customers peruse the products at Venice Beach Care Center medical marijuana dispensary earlier this year. Association and owner of the Higher Path dispensary in Sherman Oaks. While Proposition D gave tacit approval of the city’s existing legal structure argue a “Because of the back and forth over While medical marijuana operations are to as many as 135 pot shops that were more laissez faire licensing system should be the last few years, we felt shops that have the only legal ones under state law at this compliant with an earlier city ordinance, put in place. followed the rules should have some priority,” time, the regulations would likely expand those businesses were not given a license, Kiloh, speaking on behalf of the more said Kiloh. “But we’ve tried to make sure to include all marijuana business should something that would be required under the established players represented by the business we’ve included all stakeholders.” Proposition 64 pass on Nov. 8. forthcoming rules in order for the businesses association, said the good citizenship and work Michael Chernis, the policy director for The urgency to create a licensing to operate without interference. undertaken by those entities in their dealings Los Angeles Cannabis Task Force, a group system in Los Angeles has been heightened While the governor’s veto has galvanized with the city over the past several years should that advocates for a more comprehensive following Gov. Jerry Brown’s veto of a Los Angeles cannabis businesses and count for something. In a measure submitted and broad-based licensing system, said the stopgap measure on Sept. 30. Assembly Bill lawmakers to create a local permitting system, to the City Council for feedback, the group association’s measure is flawed. 2385 would have allowed the city’s current stakeholders are bickering about how that set forth a flexible system that would give “It doesn’t preclude new players from regulatory scheme, established by Proposition system should be set up. Established medical lawmakers broad power to regulate the number participating in the market, but it also doesn’t D, to count as a licensing program, but Brown marijuana shop owners claim they should of businesses that can operate in Los Angeles affirmatively guarantee any new participation said the bill was “inconsistent” with state receive special consideration for permits, so long as the number does not drop below the either,” Chernis said. “Hopefully it falls by the regulations. while new players and those operating outside 135 established by Proposition D. wayside.”

The Los Angeles Business Journal is proud to announce the 2016 General Counsel Award Categories expansion of the 2016 Leaders in Law to recognize general • Public Company • Government/Municipal/Public Sector counsel and firm attorneys. • Private Company • Rising Star • Nonprofit Company • NEW: In-House Team Awards Luncheon Tuesday, October 18, 2016 2016 Firm Attorney Award Categories JW Marriott LA LIVE • 11:00am-1:30pm • Rising Star 900 W Olympic Boulevard, Los Angeles, CA 90015 • Leadership

PRESENTING SPONSOR GOLD AECOM Latham & Watkins SPONSORS Buchalter Nemer O’Melveny & Myers Caldwell Leslie & Proctor Partner Track Academy To register to attend, please visit our website, City National Bank Polsinelli LLP labusinessjournal.com/bizevents. OCTOBER 10, 2016 NEWS & ANALYSIS LOS ANGELES BUSINESS JOURNAL 9 L.A. City Controller Runs Numbers by Business GOVERNMENT: been done before, every single good or service Open data, that we purchase. Putting this online has been lawsuit reduction among a game-changer. Ron Galperin’s priorities. How so? It’s a tremendously valuable resource to By HOWARD FINE Staff Reporter residents and businesses. One of the reasons I put up every item that we buy: It gives an OS Angeles City Controller Ron Galper- opportunity for businesses to see who is sell- Lin took office three years ago pledging ing to us, what we are buying, and how much to open up city data and make gov- we are paying for it. That’s a great opportuni- ernment run more like a business. Galperin, ty to encourage local procurement wherever 53, previously served as chairman of the Los possible. For example, I was talking about Angeles Commission on Revenue Efficiency, this with a manufacturer and invited him to served as an officer of his local neighborhood go online and see what the city buys that he council, was a private attorney, and briefly makes. We saw what he sold through distrib- was a reporter and researcher with the Busi- utors – he didn’t even realize his distributors ness Journal. Galperin spoke with the Busi- were selling to the city. Any business can ness Journal about his efforts to make the city take this information and use it to boost their more accessible to businesses. own sales.

What have you done to make the city of What have you done to ensure that L.A.’s government more friendly to busi- small businesses get a fair shake in bid- nesses? ding for city contracts? It’s not enough to be business friendly, but you We did an audit of contracting practices at also must be business focused. In the audits Los Angeles World Airports. We looked at we do, we look at the problems, solutions, and contracts that were only getting one bid and opportunities for the city through a business only two bids – many more than we expected. lens. Take the operations of Department of It tells us there’s not been nearly enough out- Water & Power, which affects every business reach to small, minority, and women-owned in the city large and small. Our audits of the businesses. DWP are designed to make sure ratepayers are protected and ratepayer funds put to the What have you done to control one of best use. the costliest aspects of L.A. govern- RINGO H.W. CHIU/LABJ ment: legal settlements? Business Minded: Los Angeles City Controller Ron Galperin took office in 2013. You have put a lot of effort into put- Risk mitigation is vital. The city is a large ting all of the city’s financial data and organization that can be an attractive target preventable. What is the most surprising thing that economic data online in mind-numbing for lawsuits. On liabilities resulting from As for lawsuits brought by residents, busi- you’ve learned since taking office? detail. Why? injuries to city employees, we’ve done audits nesses, and organizations, the key is also pre- I had not been in the “belly of the beast” We’ve created an online one-stop shop for for better claims processing, better training vention through better maintenance of streets, before. Yes, I knew that bureaucracy is often permits, development, employment, wages, of employees, better availability of care. The sidewalks, parks, etc. We’ve already audited overwhelming, but when you live with it on and much more. We also have put a virtual goal has been to reduce the injuries in the the condition of our streets and now we’re a daily basis, that’s when it gets the most checkbook of the city online, which had never first place, by looking at those that were most auditing the condition of city parks. frustrating.

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November 5, 2016 FOR SPONSORSHIP OPPORTUNITIES CONTACT: Four Seasons Hotel Los Angeles at Beverly Hills Crystal Yelverton | [email protected] | 310.348.0357 300 South Doheny Drive Los Angeles, CA 90048 10 LOS ANGELES BUSINESS JOURNAL NEWS & ANALYSIS OCTOBER 10, 2016 RECASTING FILM-TV SYNERGY A letter from National Amusements Inc. to the boards of Viacom Inc. and CBS Corp. late last month urging a merger has sparked a new debate over the merits of rejoining the entertainment giants. Sumner Redstone, National Amusements’ chairman and chief executive, and his daughter, Shari, its president, control about 80 percent of the shares in each company. The pair recommended in the letter that Viacom and CBS negotiate an all-stock transaction. If such a deal were to happen, what would it mean for the L.A.-based crown jewels on both sides: Paramount Pictures and CBS Television? By KRISTIN MARGUERITE DOIDGE Staff Reporter

WAYS A VIACOM-CBS WAYS A VIACOM-CBS MERGER WOULD IMPACT MERGER WOULD IMPACT 3 PARAMOUNT PICTURES 3 CBS TELEVISION 1. The Moonves effect. 1. Global reach. CBS has been thriving under the leadership of Chairman and Chief Executive Leslie CBS Television could benefit from the international capabilities of Viacom’s networks and the Moonves – whom the elder Redstone has called a super genius. With struggling Paramount studio. “The international marketplace for premium content is exploding,” Moonves Paramount parent Viacom set to lose interim Chief Executive Tom Dooley said at a recent Goldman Sachs investor conference. While next month, and the film studio suffering from a series of box-office busts, CBS does one-off international distribution deals for its including a recent $115 million write-off on a movie that hasn’t been properties, Viacom is already home to premier global released, Moonves could provide the leadership needed to right Paramount’s media brands that create a host of content for audiences ship. CBS TV has been the most-watched network 13 of the past 14 years, in 180 countries. Viacom’s media networks reach more and analysts at New York-based investment firm Gabelli & Co. estimate than 3.5 billion TV subscribers worldwide, according the network will generate $14.6 billion in revenue this year, an increase of to the company, and Paramount Pictures is a major, 5.1 percent from $13.9 billion in 2015. Per-share earnings are projected to if lagging, global producer and distributor of filmed hit $4.05. “Moonves is so incredibly savvy,” said Mary Murphy, a entertainment. senior lecturer at USC’s Annenberg School of Journalism. “He knows his audience and programs for it.” 2. Production synergies. When CBS Television and Paramount were 2. Full stream ahead. part of the same studio lot in Hollywood, they Moonves said in a July earnings call that his Showtime shared production facilities and resources. streaming service and the CBS All Access streaming service This kind of operational synergy makes a each surpassed 2 million subscribers. Both portals provide lot of sense, said Brett Harriss, an analyst opportunities for Paramount to deliver premium content to at Gabelli & Co. who cited Twentieth more viewers, increase fan engagement, and launch crossover Century Fox Film Corp. and Warner Bros. marketing initiatives for its film properties. For example, Entertainment Inc. as examples of hybrid as Paramount plans future installments of its “Star Trek” TV-film studios that have been particularly film franchise, CBS is developing a “Star Trek” TV series successful. Along those lines, as Paramount specifically for All Access, so opportunities for overlap Studios undergoes a large-scale expansion, abound. Also, while cord-cutting and skinny bundles have the facility would have even greater capacity spooked TV advertisers, Showtime’s subscriber-based model is for CBS TV shows and producers to share immune from those negative market forces, according to analysts soundstages, offices, and personnel – and create at Sanford C. Bernstein & Co. Paramount’s library of films could huge cost savings. see a long and healthy life on those platforms and also draw new subscribers to the sites. 3. Forever young. For all the success Moonves has had leading 3. Content engine. CBS Television, its audience is largely older and While Sumner Redstone has made his opposition to the sale of tends to be less diverse than watchers of its digital Paramount, in part or in whole, quite clear, analysts have worried and cable counterparts. Viacom’s flagship cable about its continued struggle to produce hits. It came in last among the networks MTV, Comedy Central, and Nickelodeon, major studios last year in terms of box-office gross. Reassembling the which skew younger, could help bring in new viewers, company would give CBS a major film studio (as opposed to mini- and subsequently new advertising partners. While major CBS Films), a major broadcast television broadcast network, Viacom has been challenged of late by the migration of and a number of outstanding cable networks, both basic and premium. young people away from traditional TV, said Harriss, “It’s a stronger entertainment engine than it is as two separate Moonves could help figure out ways to re-engage companies,” said Lindsay Conner, a partner at Manatt Phelps those audiences. “Moonves could rebuild and rebrand & Phillips who heads the law firm’s film, TV, and digital content Comedy Central, Nickelodeon, and some of these practice group. A recent report from Sanford C. Bernstein suggested other niche networks,” added USC’s Murphy. those synergies work both ways: “The biggest missing piece of “Remember, his background is in programming. Paramount, structurally, is the lack of a TV production business.” That’s what he does best.”

PHOTOS BY Moonves GETTY IMAGES Redstone

Companies’ Star-Crossed Show Business Relationship

Viacom Inc. and CBS Corp. have a long, inter- Viacom grew by acquiring television stations panies in the world. The company completed its retained most of the prior firm’s broadcast TV twining history. Established as CBS’ syndication and cable programming services, becoming a biggest acquisition in 2004 when it bought former assets, including its various syndication compa- arm, Viacom was spun off in 1971 as a public wholly owned subsidiary of Sumner Redstone’s parent CBS for $39.8 billion. But the companies nies. Freston took the reins of the relaunched Via- company after the Federal Communications Com- National Amusements Inc. in 1987. split the next year amid a stagnating stock price com before being replaced in September 2006 by mission barred television networks from owning Viacom acquired Paramount Communications and internal tensions between Leslie Moonves, Philippe Dauman. National Amusements retained syndication companies – a rule that was eventual- Inc. and Blockbuster Entertainment Corp. in 1994, CBS’ chief executive, and then-Viacom chief Tom a controlling interest in both companies after the ly reversed in 1993. making it one of the largest entertainment com- Freston. The resulting CBS, headed by Moonves, 2005 spinoff. – Omar Shamout OCTOBER 10, 2016 LOS ANGELES BUSINESS JOURNAL 11

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MEDIAWATCH

u MOVIE BOX OFFICE Weekend Gross Total Gross Rank Title (millions) (millions) Distributor 1 Miss Peregrine’s $28.5 $28.5 20th Century Fox 2 Deepwater Horizon 20.6 20.6 Lions Gate 3 Magnificent Seven 15.7 61.6 Sony 4 Storks 13.8 38.8 Warner Bros. 5 Sully 8.4 105.4 Warner Bros. 6 Masterminds 6.6 6.6 Relativity 7 Queen of Katwe 2.6 3.0 Disney 8 Don’t Breathe 2.4 84.7 Sony 9 Bridget Jones’s Baby 2.3 21.0 Universal 10 Snowden 2.0 18.7 Open Road Saddling Up: The My Little Pony ownership case will head to court next month. Weekend ended Oct. 2 Source: Rentrak u PRIMETIME TV SHOWS Rank Program Network Rating* 1 NFL Football (Pittsburgh vs. Kansas City) NBC 8.6 New Trade-Secret Statute 2 NFL Postgame Fox 5.5 3 Debate Analysis NBC 5.1 4 Empire Fox 4.7 Put in Play for Toy Battle 5 NFL Pregame NBC 4.6 Weekend ended Oct. 2 *In millions of viewers; 18-49. property. She is seeking unspecified damages. Source: TVbytheNumbers.com LAW: Plaintiff aims to boost Hasbro’s attorneys argue the new filing u CABLE TV SHOWS My Little Pony ownership is an attempt to shoehorn additional facts Rank Program Network Rating* into the underlying litigation and disrupt the 1 Presidential Debate CNN 4.6 claims in fight with Hasbro. original case, which was filed in April of last 2 NFL Football (Atlanta vs. New Orleans) ESPN 4.0 year and is set for trial in November. In its 3 NFL Football (Miami vs. Cincinnati) NFL Network 4.0 By HENRY MEIER Staff Reporter motion to dismiss, Hasbro argues Shapiro’s 4 Presidential Debate Fox News 3.0 second lawsuit is “duplicative,” despite the use 5 Postdebate Coverage CNN 2.8 As one of the most hotly contested trade of the new federal statute to advance trade- secrets lawsuits in Los Angeles barrels toward secret claims. Weekend ended Oct. 2 *In millions of viewers; 18-49. Source: TVbytheNumbers.com a November trial date, a new federal statute “Because the claims stem from the same has added an additional layer of scrutiny and confidential relationship, there can only be u TOP SELLING ALBUMS uncertainty. one cause of action,” Hasbro’s motion reads. Rank Last Week Artist Title Label The litigation, which pits toy inventor Whether the court allows Shapiro to 1 New Shawn Mendes Illuminate Island Elinor Shapiro against industry titan Hasbro consolidate the cases and advance a theory of 2 1 Drake Views Young Money Inc. in a battle over My Little Pony, is one liability under the new federal trade-secret law 3 3 Various Artists Suicide Squad Soundtrack Atlantic of the first cases to invoke the Defense of remains to be seen – the court is scheduled to 4 New Luke Bryan Farm Tour: Here’s to the Farmer Capitol Nashville Trade Secrets Act signed into law by President hear arguments on Oct. 11. 5 New Bruce Springsteen Chapter and Verse Columbia Barack Obama on May 11 – the first statute Week ended Oct. 7 Source: Billboard.com to codify trade-secret protections at the federal Risk, reward level. The DTSA might offer new remedies u DVD RENTALS Rick Richmond, a partner in law firm against trade-secret violations, but the Rank Last Week Title Distributor Jenner & Block’s downtown office not claims remain the oddballs of the intellectual 1 3 Captain America: Civil War Disney affiliated with the My Little Pony case, property world. While other types of 2 New TMNT: Out of Shadows Paramount said the law, passed in part to create a more intellectual property such as copyrights, 3 1 Now You See Me 2 Lions Gate uniform system for adjudicating trade-secret patents, and trademarks require the filing 4 2 Jungle Book Disney disputes nationwide, will likely be a boon for of public documentation, trade secrets are 5 New Huntsman: Winter’s War Universal plaintiffs looking to assert claims of trade- inherently private matters. Week ended Sept. 25 Source: Rentrak secret violations. “With the first three, you have to file public “The fact that the new statute offers federal claims and, essentially, shout to the world that u DVD SALES jurisdiction allows plaintiffs new remedies,” something is your idea,” Jenner’s Richmond Rank Last Week Title Distributor Suggested Retail he said. said. “If you want to protect a trade secret, 1 New Beauty and the Beast Anniversary Disney $39.99 What’s more, in cases where a defendant’s you have to keep it completely secret.” 2 New TMNT: Out of Shadows Paramount 29.99 trade-secret violation is found to be “willful This makes bringing a lawsuit somewhat 3 1 Captain America: Civil War Disney 29.99 and malicious,” damage awards could be tricky because filing a case in public court 4 New Neighbors 2 Universal 17.96 tripled. Federal courts also allow for a more means the misappropriated intellectual 5 New Free State of Jones Universal 29.98 rigorous discovery process, another possible property could potentially be exposed to an benefit for plaintiffs. even wider audience. Week ended Sept. 25 Source: Rentrak But how these allowances play out in court “Trade secrets and litigation are on the u VIDEO ON DEMAND has yet to be determined. While the law is opposite sides of the privacy coin,” said modeled on the Uniform Trade Secrets Act – a attorney Shawn Hansen, a partner in Nixon Rank Title Distributor nonbinding resolution on which many state Peabody’s downtown office. 1 Neighbors 2 Universal trade-secret laws are based – there is no true However, prophylactic measures are often 2 Captain America: Civil War Disney precedent for federal judges to follow. employed to restrict public access to court 3 Free State of Jones Universal Filed on Aug. 2, the My Little Pony filings, especially during the discovery and 4 TMNT: Out of Shadows Paramount dispute is one of maybe a half-dozen cases motion stages, said Hansen and Richmond. 5 Conjuring 2 Warner Bros. nationwide to invoke the DTSA, according to But those tactics are less effective as Week ended Sept. 25 Source: Rentrak Shapiro’s attorney Lisa Borodkin. proceedings move to the trial phase, where u OUTTAKE OF THE WEEK The dispute was filed as an addendum to the right to an open courtroom is almost an ongoing case in which Shapiro alleges sacrosanct. That’s why trade-secret cases LIKE A BOSS Hasbro stole her idea for a line of transparent rarely go to trial, they added. Bruce Springsteen scored dolls that had a sparkly or snow globe-like “In trial, it’s a public proceeding and the his 19th top-10 album feature after she pitched the concept to the confidentiality restrictions on documents with the No. 5 debut of the company in 2013. Hasbro has denied the mostly go away,” Richmond said. “It becomes career-spanning compilation allegations, claiming the idea for My Little a push and pull situation. The defense is going “Chapter and Verse.” The Pony was developed in-house. to try and get as much information as possible Columbia release is a musi- “It’s a very interesting test case because the and demand as much specificity as possible.” cal companion to the Jersey technology is understandable to nonlawyers,” But that’s a risk Shapiro’s attorney seems guy’s new autobiography, Borodkin said, referencing that the underlying willing to take in the My Little Pony case. “Born to Run.” claims deal with children’s toys. “There are no Borodkin, who’s based in Redondo Beach, – Tom Hicks complicated motions about identifying what said the parties are exchanging witness lists the trade secret is.” and going over jury instructions as the trial’s The DTSA can’t be applied retroactively, start draws near. but Shapiro claims that the release of a new “It’s going to be a detailed look at the My Little Pony line in August constitutes development of a toy from conception to a fresh misappropriation of her intellectual realization,” she said. OCTOBER 10, 2016 LOS ANGELES BUSINESS JOURNAL 13

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It’s a whole new ball game this year for the On Oct. 17, some six years after funding Los Angeles Clippers. approval, shovels will hit the ground, accord- When the National Basketball Associa- ing to Mat Talag, the city’s project spokes- tion team kicks off its home schedule at the man. Construction is anticipated to continue Staples Center on Oct. 30 against the Utah until June as the stretch of Figueroa connect- Jazz, Clippers players will walk into a reno- ing USC to the South Park neighborhood is vated locker room, and fans will be treated to transformed with special bus and bike lanes, a host of new experiences. pedestrian-friendly sidewalks, and traffic safe- The 2,600-square-foot locker room was re- ty features. designed by downtown-based Gensler’s sports While Talag expects construction to go division and built by Shawmut Construction. Ciao!: The Italian American Musuem of Los Angeles in the restored Italian Hall. It features an expanded training room and a new dedicated players’ lounge. Viva Italia early 1800s, when the first Italians arrived in #DTLA Upstairs in the arena, season ticket holders Local history buffs have a new place to cel- Southern California. One exhibit documenting will have the chance to wine and dine in posh ebrate the contributions of Italian-Americans in Italians in Hollywood features a custom-made OMAR SHAMOUT new digs at the Season Ticket Club, a new Los Angeles and Southern California. Versace cape worn by singer Lady Gaga. private space with two signature bars and an The Italian American Museum of Los Gatto said the museum will also play host exclusive menu developed by Levy Restau- Angeles opened last month at the newly to a number of community events and pro- smoothly, the number of other projects along rant executive chef Joseph Martin. restored Italian Hall on Main Street. The gramming. Figueroa is a concern. Saturday night home games will also feature museum offers visitors a peek into the his- “We intentionally made it relevant to “There’s a lot of coordination because additional activities inside and outside Staples tory of Italian Americans in the region. The everyone as it’s as much about Southern Cal- there’s lots of construction on Figueroa right Center as part of the Clippers’ DTLAC initiative. museum is jointly operated by the city and the ifornia as it is about Italian Americans,” she now,” he said. “The major concern is that we Special musical performances will take place at Historic Italian Hall Foundation. said. “We hope to showcase this region and build something and then have to come back halftime inside the arena, while pregame musical Marianna Gatto, the museum’s executive promote interest in it.” and tear it down.” and comedy acts will take the stage outside on director, said the foundation has been working Admission is free to the museum, which is There’s also the worry about increased Chick Hearn Court as part of block parties fea- to put a museum at the site since 2004. open Tuesday through Sunday from 10 a.m. traffic in the area with additional construc- turing free food, drinks, and games. “At the time, the building still needed a lot to 3 p.m. tion along one of downtown’s major arteries. The first block party is scheduled for Nov. of work and fundraising to complete,” Gatto To mitigate the issue, construction of the 19, when the team takes on the Chicago Bulls. said. “This is what we’ve been aiming for. Staff reporters Kristin Marguerite Doidge, MyFigueroa project, as it has been dubbed, “DTLAC is about celebrating how incredi- Until now, we had only done a temporary Subrina Hudson, and Henry Meier contrib- will only take place between 9 a.m. and 3 ble downtown Los Angeles has become,” said exhibition on site and elsewhere.” uted to this column. #DTLA is compiled by p.m. While no specific fund has been set up, Gillian Zucker, president of basketball opera- The museum features seven exhibits Managing Editor Omar Shamout. He can be Talag said business owners who believe their tions for the Clippers. arranged chronologically and beginning in the reached at [email protected]. Suitor Making News With Bid for Paper’s Parent JOURNALISM: hotel honored writers the ways technology has forced media Gannett’s in fiction, nonfiction, companies to shift their business models, with new offer could deliver and journalism, with topics including the rapid evolution of virtual special awards given to reality, cord-cutting in television, and the Times, tronc ownership. author Isabel Allende, future of moviegoing, among others. (Lifetime Achievement); Founded and curated by Sharon Waxman, HE long-awaited end to the tronc- Jason Rezaian, former chief executive and editor-in-chief of the Gannett saga might be near. bureau chief for the online entertainment trade publication, the T Politico reported last week that Washington Post in event featured one-on-one conversations and Gannett was close to finalizing a deal to Tehran, Iran (Freedom to panel discussions with show business industry purchase the parent company of the Los Write); and Willow Bay, leaders over the course of two days. Angeles Times, while Bloomberg followed director of the Annenberg Waxman kicked off the conference with with a report claiming that while talks had School of Journalism at a conversation with Michael Lynton, chief advanced, a deal was not imminent. Gannett USC (Award of Honor). executive of Sony Entertainment Inc. The began its public pursuit of tronc, then known Bay, a veteran pair discussed a number of issues including as Tribune Publishing, on April 25 when it RINGO H.W. CHIU/LABJ television journalist, the 2014 cyberattack on the studio and the announced its $815 million offer to acquire On Block?: Home of the Los Angeles Times downtown. has led Annenberg recent Chinese buying spree in Hollywood. the company for $12.25 a share in cash. The since 2014. In addition (Sony last month struck a deal with Dalian reported price for the deal now said to be on invested in Ferro’s vision. to her academic role, she serves as senior Wanda Group that gave the studio a cash “Even if he’s upset, he has a fiduciary strategic adviser for the Huffington Post and infusion and the Chinese company some responsibility to the shareholders,” said Lloyd is a special correspondent for Bloomberg creative input in the Sony slate.) MEDIA Greif, chief executive of investment banking Television. However, Bay said after the event “Michael was very revealing,” said firmGreif & Co. “Its stock performance that she’s most proud of some of her earliest Waxman. “He shared the lessons he learned KRISTIN will depend on how well the companies are newsroom experiences, such as a stint at from the hack and was very candid about how integrated postacquisition.” CNN. it affected the studio.” MARGUERITE A Gannett spokeswoman declined to “CNN’s ‘Moneyline’ really required me to About 250 industry leaders attended the DOIDGE comment on the Politico report and a tronc stretch – I was learning about new companies conference, which is a large source of revenue representative did not return a request for that were emerging during the first tech boom, for TheWrap and an event that Waxman said comment. A spokesman for Soon-Shiong said many of which had funny names,” she said, helps the company differentiate itself in the the table would be closer to $19 a share – an he could not be reached for comment. noting that she was the first female co-anchor competitive Hollywood trade publication increase of nearly 50 percent from the original Tronc’s stock fell to $17.05 at close of on the financial news program. space. Now in its seventh year, tickets range offer. trading on Oct. 6 after rising to $17.50 on Oct. 3. The Pen Center, founded in 1943 to from $800 to $2,000. While the higher price could suit tronc support freedom of expression and literary “We’ve extended the conference by a Chairman Michael Ferro, it might displease Freedom of Press arts programming, raised more than $40,000 half-day and added many more breakout the company’s second-largest shareholder: While the presidential nominees were busy at the event. sessions,” she said. “And while we’re all about billionaire Patrick Soon-Shiong, who has trading barbs at the first presidential debate embracing the new, what we’re really about is harbored a longstanding interest in owning last month, hundreds of writers and journalists Get Grilled celebrating great content. That doesn’t mean the paper. In June, he invested $70.5 million gathered to celebrate the power of free speech TheWrap’s TheGrill media leadership throwing away the old.” in tronc and received a seat on the board. at an awards gala organized by Pen Center conference, an annual gathering of Soon-Shiong has reportedly threatened to file USA, a human rights and literary nonprofit entertainment professionals, took place last Staff reporter Kristin Marguerite Doidge can a lawsuit against tronc should the company based in Beverly Hills. month at the Montage Beverly Hills. Its be reached at [email protected] complete a sale to Gannett so soon after he The Sept. 28 event at the Beverly Wilshire participants spent much of the time discussing or (323) 549-5225, ext. 226. OCTOBER 10, 2016 NEWS & ANALYSIS LOS ANGELES BUSINESS JOURNAL 15

A look at the companies that signed on the DEALS OF THE WEEK dotted line last week

THINK TANK LOCKS DOWN about half of the nonprofit’s revenue MEDIA The acquisition is scheduled historically, Robak said. EMERSON COLLECTIVE to close on Nov. 1. SCS has MILLION DEAL ON In addition to its Santa Monica INVESTS IN ANONYMOUS: annual revenues of more than $495 base, Rand has offices in Pittsburgh Anonymous Content, a $9 million and specializes SECURITY and Washington, D.C., and the work Culver City management in Microsoft Dynamics NAV HOMELAND for the new Homeland Security center and production company solutions. By GARRETT REIM Staff Reporter will be spread among its offices, he responsible for film and said. TV productions including BIOTECH The DHS contract is for a “Spotlight,” “The Revenant,” EMMAUS RAISES $20M R&D: Rand in maximum of $495 million in services and “Mr. Robot,” has received IN FUNDING: Emmaus Santa Monica. over five years, but could end up being a minority investment from Life Sciences Inc., a worth less depending how often the Emerson Collective, founded Torrance biopharmaceutical department utilizes Rand’s services, by Laurene Powell Jobs. The company engaged in the said Scott Randels, DHS director investment, the terms of which discovery, development, and of FFRDC program management weren’t disclosed, positions commercialization of treatments office. He also acknowledged that Anonymous for significant and therapies for rare and many government agencies choose growth, the company said, with orphan diseases, has raised $20 to continue their FFRDC research a focus on expanding socially million in a private placement and consulting relationships for years relevant content aimed at from KPM Tech Co. and Hanil AND CORP. landed one of the It isn’t a surprise that Rand landed beyond the initial contract. inspiring change. Vacuum Co. Ltd. The South biggest government contracts this large contract, said Tom Medvetz, Rand was formed in 1948 as a Korean public companies Rin its nearly 70-year history an associate professor of sociology at think-tank offshoot of the Douglas LOTUS COMMUNICATIONS acquired an undisclosed amount last week, a five-year deal worth as UC San Diego and author of “Think Aircraft Co. and funded by a unit BUYS AM STATION: Lotus of common stock in Emmaus at much as $495 million to set up a Tanks in America.” of the Army. In fact, where Rand Communications Corp. has $4.50 a share. policy analysis center for the U.S. “This is what they do. They ends and the government begins is agreed to purchase KFWB-AM Department of Homeland Security. are in the business of doing these sometimes blurry, said Medvetz. (980) for $11.2 million from MANUFACTURING The contract will fund the quasigovernment analyses,” he said, “Rand is made up of a lot of the Universal Media Access RELIANCE STEEL GETS NEW establishment of the Homeland noting that the contract is good for people who worked in the government KFWB-AM. Lotus, based in CREDIT DEAL: Reliance Steel Security Operational Analysis Center, them because it guarantees that the themselves: ex-bureaucrats, ex- Hollywood, has signed the & Aluminum Co. has entered which will do research and consult organization is relevant and well- Pentagon officials, ex-high-level contract for the purchase but into a new credit agreement on topics such as terrorism, border funded for the next five years. cabinet officials,” he said, noting that still must file an application with comprising a $1.5 billion security, immigration enforcement, Rand is the largest think tank in close ties to various bureaucracies have the Federal Communications unsecured revolving credit facility and cybersecurity. the world ranked by both staffing and helped it win contracts. “They don’t Commission to transfer the and a $600 million unsecured Rand reported $310 million in revenue, and has been establishing and have to aggressively seek publicity; station. term loan. The five-year revenue last year, according to Rand running federally funded research and they don’t have to angle to win over agreement includes an option spokesman Warren Robak. That development centers (FFRDC) since the politicians; they don’t have to TECH to increase the revolving credit means the DHS contract will add its inception. It now operates four win the favor of the conservative SCS BEING ACQUIRED: facility for up to an additional about one-third more on average to such centers, including Rand Arroyo movement or any other movement, Professional services firm $500 million. The L.A. company the Santa Monica think tank’s annual Center, an Army think tank; and Rand because they have this built-in Sikich is acquiring Glendale- plans to use the proceeds to revenue and could add significantly to Project Air Force, an Air Force think relevance that’s based on these contract based technology firmSCS Inc. retire $350 million of unsecured its 1,900-employee base. tank. Such centers have represented relationships with the government.” The sale price wasn’t provided. notes and create liquidity.

Awards Reception The Los Angeles Business Journal is proud to reveal the Wednesday, November 2, 2016 rankings of the top 100 Fastest Growing Private Companies. ROKU • 5:30pm-7:30pm This 19th annual event will host the CEOs and executives of 9201 Sunset Blvd., West Hollywood, CA 90069 those private companies that are exhibiting the highest revenue growth in the Los Angeles Area. Come join us for an evening of To register to attend, please visit our website, networking and cocktails with the companies that are shaping labusinessjournal.com/bizevents. the future of tomorrow.

PRESENTING PLATINUM SPONSOR GOLD SPONSORS Greenberg Glusker SPONSORS Energy Upgrade California Insperity First Republic Bank Umpqua Bank 16 LOS ANGELES BUSINESS JOURNAL OCTOBER 10, 2016

TEMPORARY PLACEMENT FIRMS  NEXT WEEK The Largest Shipping Lines THE LIST Ranked by 2015 L.A. County revenue in L.A. County

Rank Company Revenue1 Employees Industries/Occupations Profile Top Local Executive THE PACESETTER: Aerotek, a • name • 2015 • temp workers2 (partial list) • L.A./total offices • name staffing firm headquartered • address • 2014 • non-temp • year established • title in Baltimore, tops this year’s • website (L.A./total) employees • headquarters • phone list of the largest temporary placement firms. Aerotek Aerotek Inc. $141.0/NA NA architecture, automotive, construction, 3/200 Estelle Izuno 1 990 W. 190th St., Suite 400 $126.9/$5,400.0 NA energy, engineering, environmental, 1983 Director of Operations reported L.A. County revenue Torrance 90502; aerotek.com aerospace, aviation, scientific Baltimore (310) 800-9100 of $141 million last year, an 11 percent increase from Adecco USA Inc. 79.5/NA 1,850 industrial, transportation, engineering, 10/5,200 Janelle Bieler 2 21250 Hawthorne Blvd., Suite 155 68.8/26,600.0 57 accounting and finance, health care, 1950 Regional Vice President 2014. The company places Torrance 90503; adeccousa.com marketing Jacksonville, Fla. (310) 792-0998 workers in various industries including manufacturing, PriorityWorkforce Inc. 76.5/220.0 NA light industrial, clerical, skilled 5/14 RoseMary Polenski light industrial, and 3 4820 Eastern Ave., Suite C 78.8/214.0 NA maintenance, employer management 1989 COO Commerce 90040; priorityworkforce.com services Anaheim (323) 721-1000 professional services. Staffmark 57.7/NA NA administrative, light industrial, skilled 11/294 Patty O'Connor 4 3780 Kilroy Airport Way, Suite 105 58.4/NA NA trades, electronics, logistics, call center 1970 Regional Vice President Long Beach 90806; staffmark.com Cincinnati (562) 427-0110 Software Management Consultants Inc. 42.3/57.7 NA information technology 1/4 Spencer L. Karpf 5 500 N. Brand Blvd., Suite 1100 39.0/59.7 276 1983 CEO, President Glendale 91203; smci.com Glendale (818) 240-3177 On Assignment Inc. 28.2/2,179.0 6 information technology, scientific, 6/161 Peter T. Dameris 6 26745 Malibu Hills Road 18.5/1,960.9 200 creative/digital, direct hire 1985 CEO, President Calabasas 91301; onassignment.com Calabasas (818) 878-7900 Ronin Staffing 17.7/17.7 NA information technology, automotive, 1/3 Vivian Rutherford 7 500 N. Brand Blvd., Suite 625 14.0/14.0 NA engineering, aerospace, aviation, 2008 CEO, President Glendale 91203; roninllc.com scientific, health care, finance Glendale (818) 303-1340 Commercial Programming Systems Inc. 14.1/14.1 11 entertainment, financial, retail, local 1/1 Alan Strong 8 4400 Coldwater Canyon Ave., Suite 320 13.0/13.0 NA government 1978 CEO Studio City 91604; cpsinc.com Studio City (888) 812-9223 System One 10.2/481.0 350 health care, manufacturing, 2/55 Jodi Zarin 9 21221 S. Western Ave., Suite 110 15.5/470.0 15 distribution, beauty, energy, 1985 Vice President Torrance 90501; systemone.com technology, mortgage Pittsburgh (310) 483-7800 Career Strategies Inc. 10.0/48.0 225 technical, HR, legal, financial, customer 2/18 Michael Bourdon 10 5670 Wilshire Blvd., Suite 750 7.0/36.0 15 service, call center, clerical, property 1989 Co-Owner/Founder Los Angeles 90036; csi4jobs.com management Los Angeles (323) 556-5500 TechLink Systems Inc. 9.7/24.0 NA information technology, creative, 1/5 Jane Kim 11 8383 Wilshire Blvd., Suite 745 10.0/25.0 7 engineering, marketing, digital, 1998 CEO, President Beverly Hills 90211; techlinksystems.com professional, human resources, finance San Francisco (310) 300-1720 Technical Works 9.5/16.5 NA aerospace/defense, technical, skilled 1/3 Ingrid Arciniaga 12 13200 Crossroads Parkway North, Suite 115 8.5/15.0 12 trade, manufacturing, engineering 1999 CEO, President City of Industry 91746; twistaff.com City of Industry (562) 908-1041 Equis Staffing 9.1/9.1 75 information technology, finance, 1/1 Carrie Nebens 13 27001 Agoura Road, Suite 160 8.9/8.9 NA accounting, administrative 2006 President Calabasas 91301; equisdifference.com Calabasas (818) 444-0100 First Call Staffing Inc. 6.7/6.7 180 administrative, accounting, information 2/2 Marcia Allen 14 401 Wilshire Blvd., Suite 1050 6.4/6.4 11 technology, light industrial 1990 President Santa Monica 90401; firstcallstaff.com Santa Monica (310) 264-9914 Team Adhoc 6.0/9.0 60 finance, accounting, information 1/1 Nancy Nip 15 1055 E. Colorado Blvd., Suite 500 0.1/0.2 50 technology 2014 CEO, President Pasadena 91106; team-adhoc.com Pasadena (626) 788-1055 LA Business Personnel Inc. 5.0/5.0 NA office, legal, technical 1/1 Jila Davachi 16 3325 Wilshire Blvd., Suite 805 4.9/4.9 NA 1988 Office Manager Los Angeles 90010; labusinesspersonnel.com Los Angeles (213) 365-1010 Fill In The annual average number SuperbTech Inc. 4.8/4.8 NA energy, industries, entertainment, 1/1 Jan A. Davis of daily temporary employees 17 5800 Hannum Ave., Suite 150 5.5/5.5 NA defense, government, automotive 1998 President nationwide increased last year. Culver City 90230; superbtechinc.com Culver City (310) 645-1199 (in millions) Partners In Diversity Inc. 4.6/4.6 100 commercial, government and public 1/1 Kate Harrington 3.3 18 690 E. Green St., Suite 101 4.9/4.9 7 agencies, administrative, finance, 2002 President Pasadena 91101; partnersindiversity.com professional Pasadena (626) 793-0020 3.1 Culinary Services of America Inc. 4.2/4.2 500 hospitality, catering, hotels, education, 1/1 Randy Hopp 19 6363 Wilshire Blvd., Suite 305 3.6/3.6 10 business 1999 President 2.99 Los Angeles 90048; culinarystaffing.com Los Angeles (323) 965-7582 2.77 Amy Zimmerman & Associates Inc. 4.1/4.9 35 architecture, real estate development, 1/2 Amy Zimmerman 20 5334 Torrance Blvd., Second Floor 3.9/4.3 10 office administration, luxury hospitality, 1993 President 2.55 Torrance 90503; azastaffing.com wealth management, private equity Torrance (310) 798-6979 PeopleWare Staffing Inc. 2.8/2.8 NA technology, development, information 1/2 Sheryl Rooker 2.33 21 302 W. Grand Ave., Suite 4 3.5/3.5 NA technology 1993 President ’11 ’12’1 ’13’1 ’14’14’ ’15’151 El Segundo 90245; peoplewarestaffing.com El Segundo (310) 640-2406 Royal Staffing Services 2.7/2.7 40 accounting, finance, insurance, 2/2 Joe Cummings Temp Help 22 14011 Ventura Blvd., Suite 214W 2.6/2.6 NA mortgage, health care, HR, advertising, 1967 CEO, President Annual sales for temporary Sherman Oaks 91423; royalstaffing.com information technology, non-profit Sherman Oaks (818) 981-1080 placement firms nationwide Premier Financial Search 2.1/2.1 NA accounting: public accounting/business 1/1 Allan Fisher increased last year. (in billions) 23 4333 Park Terrace, Suite 130 1.7/1.7 8 management 2001 President $130 Westlake Village 91361; pfssearch.com Westlake Village (661) 799-0101 Alpha Omega Professionals 2.0/4.0 90 engineering, human resources, 2/2 Debra Olcese 122 24 5250 W. Century Blvd., Suite 636 2.5/2.5 3 executive, property management, 2010 CEO, President Los Angeles 90045; administrative, finance, mechanical/ Los Angeles (818) 789-2062 114 alphaomegaprofessionals.com electrical assemblers 106 Build WorkSource Center 1.2/6.2 NA health care, logistics, retail 5/5 Matt Lynch 25 9207 Eton Ave. 1.3/6.4 NA 1967 CEO, President 988 Chatsworth 91311; buildworksource.com Sylmar (818) 701-9800 1 press time. While every effort is made to ensure the accuracy and thoroughness of the list, 900 In millions. 2 The average number of workers placed per week in L.A. County. omissions and typographical errors sometimes occur. Please send corrections or ’11’11 ’12’1 ’13’1 ’14’114 ’15’1 NA - Not Available Note: Information for this list was provided by representatives of the additions on company letterhead to the Research Department, Los Angeles Business firms themselves. Volt Worforce Services, Kelly Services Inc., Corestaff Services, Act-1 Journal, 5700 Wilshire Blvd., Suite 170, Los Angeles 90036. ©2016 Los Angeles Business Source: American Staffing Association Group and Robert Half International, which operates Accountemps and others, declined to Journal. This list may not be reprinted in whole or in part without prior written permission disclose local revenue. To the best of our knowledge, this information is accurate as of from the editor. Reprints are available from Wright’s Media (877) 652-5295. Researched by David Nusbaum ADVERTISING SUPPLEMENT TO THE LOS ANGELES BUSINESS JOURNAL

OCTOBER 10, 2016 Breast Cancer Awareness

Most Women with Early-Stage Breast Cancer Avoid Extensive Lymph Node Removal

study completed last year of women with early-stage in swelling and sometimes pain. breast cancer found that surgeons no longer univer- For the study, Dr. Yao and colleagues used the National A sally remove most of the lymph nodes in the under- Cancer Data Base (NCDB), a joint project of the Amer- arm area when a biopsy of the nearby lymph nodes shows ican College of Surgeons Commission on Cancer (CoC) cancer—a major change in breast cancer management. and the American Cancer Society. NCDB captures an esti- The study, which evaluated data from 2.7 million U.S. mated 70 percent of newly diagnosed cancer cases in the breast cancer patients, was published as in the Journal of the United States from approximately 1,500 cancer programs American College of Surgeons. accredited by the CoC. Until then, it was unclear to what extent surgeons were Although NCDB does not identify the type of lymph following the recommendations of a landmark clinical node dissection (SNB or SNB plus ALND) performed, trial published more than four years ago, known as the the researchers used the number of lymph nodes removed American College of Surgeons Oncology Group Z0011, as surrogates for these procedures. They categorized the or ACOSOG Z-11, trial. Those researchers reported that removal of four or fewer lymph nodes as SNB only and most early-stage breast cancer patients with tumor in their removal of 10 or more nodes as ALND. sentinel lymph node (the first draining node) who under- From the 2.72 million breast cancer cases diagnosed go lumpectomy do not benefit from surgical removal of between 1998 and 2011 and listed in the database, the the remaining lymph nodes in the underarm area, called investigators found that 74,309 patients met the Z-11 completion axillary lymph node dissection (ALND). That trial’s eligibility criteria for having SNB alone. These study found no difference in cancer recurrence and five- patients underwent lumpectomy and radiation therapy to year survival between patients who underwent ALND and the whole breast; had tumors 5 centimeters or smaller (less those who did not but were monitored for recurrences. than 2 inches) that appeared clinically node negative; had high-risk patients, although the Z-11 trial included them. The study found a dramatic increase in the proportion negative surgical margins (no cancer cells seen at the outer She called for more education for surgeons regarding the of lumpectomy patients who underwent only a sentinel edge of the breast tissue removed); and had two or fewer applicability of the Z-11 trial findings to these high-risk lymph node biopsy (SNB)—removal of the “gatekeeper” tumor-positive sentinel lymph nodes. subgroups and for longer follow-up of these high-risk lymph nodes that the cancer is most likely to spread to The rate of SNB alone reportedly increased from 6.1 patients. first—without an ALND after discovery of cancerous percent in 1998 to 56 percent in 2011, the most recent The researchers also analyzed 400,052 breast cancer sentinel nodes. According to the study authors, the SNB- data at the time of the study. Because the Z-11 trial results cases that did not meet one of the Z-11 trial’s eligibility cri- alone rate more than doubled, from 23 percent in 2009, were new in 2011, Dr. Yao said she expects the rate will teria. Dr. Yao said these results were “somewhat surprising.” before publication of the first results1 of the ACOSOG have increased further in 2012. They reported that more than 22 percent of patients Z-11 trial in September 2010, to 56 percent in 2011, the Statistical analyses revealed that lumpectomy patients who underwent a mastectomy in 2011 had only SNB first year after publication. were more likely to undergo ALND if they had any of the despite mastectomy patients not being included in the “As far as I know, our study is the first to show that the following characteristics considered high risk: age younger Z-11 trial. In addition, SNB without ALNB occurred in findings from the ACOSOG Z-11 trial have changed clini- than 50; black race; triple negative tumors (absence of the more than 50 percent of patients who had tumors larger cal practice for breast cancer patients nationwide,” said lead three most common types of receptors known to fuel most than the recommended 5 cm or those who received no or author Katharine Yao, MD, FACS, director of the Breast breast cancer growth); and larger tumors (3 cm or less). In partial radiation therapy, rather than whole-breast irradi- Surgical Program at NorthShore University HealthSystem, addition, patients with two positive sentinel lymph nodes ation. Evanston, Ill., and clinical associate professor of surgery at were twice as likely to have an ALND as patients with “It is a little concerning that patients who fall outside the University of Chicago Pritzker School of Medicine. “The one tumor-positive sentinel node. Patients whose tumor the Z-11 eligibility criteria are getting SNB alone,” Dr. Yao Z-11 trial has had a huge impact because of the lower risks for metastases measured 2 mm (the width of two grains of rice) said. “It’s controversial to perform SNB alone in mastec- patients who undergo SNB alone.” or larger were more than three times likelier to undergo tomy patients because we don’t know if it affects overall Removal of small numbers of lymph nodes in SNB ALND compared with patients who had a smaller spread outcomes.” alone, according to Dr. Yao, greatly lowers the lifetime risk of the cancer, called micrometastases. of developing the often disabling complication of lymph- Dr. Yao said their findings suggest that some practi- Information for this article was provided by the American edema. This buildup of lymph fluid under the skin results tioners may feel uncomfortable not performing ALND in College of Surgeons. 18 LOS ANGELES BUSINESS JOURNAL – ADVERTISING SUPPLEMENT OCTOBER 10, 2016

BREAST CANCER AWARENESS NCI Launches Largest-Ever Study of Breast Cancer Genetics in Black Women

HE largest study ever to investigate how can women, but also in learning more about the with previous investments—should help a contributing study for this grant, represents genetic and biological factors contribute origin of cancer disparities.” advance our understanding of the social and a 15-year partnership between Vanderbilt and T to breast cancer risk among black women Survival rates for women with breast cancer biological causes that lead to disparities in historically black Meharry Medical College in launched today. This collaborative research have been steadily improving over the past cancer among underserved populations,” said Nashville, Tennessee. In addition, this grant will project will identify genetic factors that may several decades. However, these improvements Robert Croyle, Ph.D., director of NCI’s Division provide training opportunities for scientists from underlie breast cancer disparities. The effort have not been shared equally; black women of Cancer Control and Population Sciences minority populations. is funded by the National Cancer Institute are more likely to die of their disease. Perhaps (DCCPS), which is administering the grant. “A Support for ongoing research in this area (NCI), part of the National Institutes of of most concern is that black women are more better understanding of the genetic contribu- represents NCI’s continued commitment to fund Health. likely than white women to be diagnosed with tions to differences in breast cancer diagnoses a comprehensive portfolio of research aimed at The Breast Cancer Genetic Study in Afri- aggressive subtypes of breast cancer. The rate and outcomes among African-Americans may reducing cancer risk, incidence, and mortality, as can-Ancestry Populations initiative does not of triple-negative breast cancer, an aggressive lead to better treatments and better approaches well as improving quality of life for cancer survi- involve new patient enrollment but builds on subtype, is twice as high in black women as to cancer prevention.” vors across all demographic groups. years of research cooperation among investi- compared to white women. “A number of studies have suggested that gators who are part of the African-American The exact reasons for these persistent dis- genetic factors may influence breast cancer The National Cancer Institute leads the National Breast Cancer Consortium, the African-Amer- parities are unclear, although studies suggest disparities, so we’re hopeful that this project Cancer Program and the NIH’s efforts to dramat- ican Breast Cancer Epidemiology and Risk that they are the result of a complex interplay can help to shed further light on this matter.” ically reduce the prevalence of cancer and improve (AMBER) Consortium, and the NCI Cohort of genetic, environmental, and societal factors, said Damali Martin, Ph.D., program director for the lives of cancer patients and their families, through Consortium. These investigators, who come including access to health care. Large studies the DCCPS Genomic Epidemiology Branch. research into prevention and cancer biology, the from many different institutions, will share bio- are needed to comprehensively examine these Dr. Martin’s office is working directly with the development of new interventions, and the training specimens, data, and resources from 18 previous factors, and NCI is supporting several such grant recipients as well as the consortia groups and mentoring of new researchers. For more infor- studies, resulting in a study population of 20,000 efforts. that have been researching black women and mation about cancer, please visit the NCI website at black women with breast cancer. As part of the study, the genomes of 20,000 breast cancer. www.cancer.gov or call NCI›s Cancer Information “This effort is about making sure that all black women with breast cancer will be com- The grant has been awarded to Wei Zheng, Service at 1-800-4-CANCER. Americans – no matter their background – reap pared with those of 20,000 black women who do M.D., Ph.D., of Vanderbilt University, Nash- the same benefits from the promising advanc- not have breast cancer. The genomes will also ville, Tennesee; Christopher Haiman, Sc.D., About the National Institutes of Health (NIH): es of precision medicine. The exciting new be compared to those of white women who have of the University of Southern California, Los NIH, the nation’s medical research agency, includes approaches to cancer prevention, diagnosis, and breast cancer. The project will investigate inher- Angeles; and Julie Palmer, Sc.D., of Boston 27 Institutes and Centers and is a component of the treatment ring hollow unless we can effectively ited genetic variations that are associated with University. Additionally, minority scientists U.S. Department of Health and Human Services. narrow the gap of cancer disparities, and this breast cancer risk in black women compared from various institutions, including from one NIH is the primary federal agency conducting and new research initiative will help us do that,” to white women. In addition, researchers will Historically Black College and University med- supporting basic, clinical, and translational medical said Douglas R. Lowy, M.D., acting director examine gene expression in breast cancer tumor ical school, are playing an important role in this research, and is investigating the causes, treatments, of NCI. “I’m hopeful about where this new samples to investigate the genetic pathways that study, and they have been involved in previous and cures for both common and rare diseases. For research can take us, not only in addressing the are involved in tumor development. research that this study builds upon. For exam- more information about NIH and its programs, visit unique breast cancer profiles of African-Ameri- “This $12 million grant—in combination ple, the Southern Community Cohort Study, www.nih.gov.

Study Shows Association Between Breastfeeding and Reduced Risk of Breast Cancer

large international study shows that breast- deadly because they tend to be diagnosed at ly accessible, low-cost, short-term strategy that vices Research, American Cancer Society. feeding is associated with a lower risk of later stages, respond to fewer treatment options, yields long-lasting natural protection.” “Pregnant women and young mothers are A developing an aggressive form of breast can- and are less likely to be cured by current This work highlights the need for more pub- highly receptive and motivated to make healthy cer called hormone-receptor negative. This new therapies. In the absence of the receptors for lic health strategies that directly inform women choices. We need to encourage women who are combined evidence shows the risk was reduced estrogen, progesterone, and HER2, medicines and girls about the maternal (and fetal) benefits able to breastfeed to do so for their breast health, by up to 20% in women who breastfed. Pub- that target these receptors—such as tamoxifen, of breastfeeding before and during a woman’s in addition to the health of their children,” lished in Annals of Oncology, this breastfeeding aromatase inhibitors, Herceptin, and Perjeta— child-bearing years. It’s also important for these said Paolo Boffetta, M.D., associate director for meta-analysis is a collaboration between Breast- are ineffective and thus have no role in treating women to have the message reinforced by their population sciences at the Tisch Cancer Insti- cancer.org; Icahn School of Medicine at Mount these patients. healthcare professionals. tute at the Icahn School of Medicine at Mount Sinai; Washington University, St. Louis; and the “Further evidence to support the long-term It’s critical to remove the barriers to breast- Sinai. “Further prospective research will be American Cancer Society. protection of breastfeeding against the most feeding at home, in the community and in the necessary to further understand the full impact Hormone-receptor-negative (HRN) breast aggressive subtypes of breast cancer is very workplace. “All approaches will be necessary of breastfeeding duration and its effect on other cancers are more likely to be aggressive and encouraging and actionable,” said Marisa Weiss, in order to protect the most women against subtypes.” life-threatening. This subtype is more commonly M.D., president and founder, Breastcancer.org, the devastation of breast cancer over their life- diagnosed in women under age 50. Women and director of breast health outreach, Lanke- times,” said Farhad Islami, M.D., Ph.D., director Information for this article was provided by of African American or Sub-Saharan African nau Medical Center. “Breastfeeding is a relative- of interventions, Surveillance and Health Ser- Breastcancer.org. descent are more likely to be diagnosed with HRN breast cancers, as are women with the BRCA1 gene mutation. Other factors may put TASK FORCE CONFIRMS THE VALUE OF SCREENING MAMMOGRAPHY these women at even higher risk for developing HRN breast cancer, including obesity and mul- An updated US Preventive Services Task Force (USPSTF) to screen any time in that decade if she believes screening is mammography to the more than one-third of women who are tiple early pregnancies. Furthermore, women recommendation has once again confirmed the value of right for her. not being regularly screened. with these multiple risk factors are least likely to screening mammography, concluding that the benefit of mam- The ACS guideline and the USPSTF recommendation state- The Affordable Care Act tied health insurance coverage breastfeed. mography outweighs the harms of screening in all age groups ment include similar recommendations, but there are a few policies to USPSTF guidelines. However, recent action in In the United States, HRN breast cancers from age 40 through ages 74. It emphasizes that women areas of important differences, including the age by which all Congress placed a two-year moratorium on this breast cancer represent about 20% of all breast cancers. This and clinicians providing primary care to women both need to women should have started screening, the frequency of screen- screening guideline. While insurance coverage for women who subtype of breast cancer has no receptors for the understand the benefits and harms of screening. ing mammography, and at what age screening should stop. choose to have mammography in their 40s should not be hormones estrogen or progesterone; about two- Compared to the initial draft recommendation, the While differences exist between recommendations from interrupted in the next two years, concern remains about the thirds of these HRN cancers also have no recep- USPSTF now places greater emphasis on the importance of the USPSTF, the ACS and other organizations, each confirms implications of this updated guideline on insurance coverage tors for HER2 (human epidermal growth factor making a personal, informed decision about when to start the importance and value of regular screening mammography. decisions in the future. receptor 2). Breast cancers with no receptors for screening. The new language adds greater clarity regarding Our nation has a vital opportunity to further reduce mortality estrogen, progesterone, or HER2 are called triple the higher risk of developing breast cancer in the late 40’s from breast cancer by reducing barriers to screening for all Information for this article was provided by the American negative (TN). compared to the early 40’s and endorses a woman starting women, and in particular to improve access to high quality Cancer Society. HRN and TN breast cancer are more often OCTOBER 10, 2016 ADVERTISING SUPPLEMENT – LOS ANGELES BUSINESS JOURNAL 19

BREAST CANCER AWARENESS Cancer Survivors: A Growing Population

HERE were more than 15.5 million Ameri- The report says identification of the best cans with a history of cancer as of January practices for delivering quality posttreatment T 1, 2016, a number that is projected to cancer care is needed and points to ongoing reach more than 20 million by 2026. That’s efforts by the American College of Surgeons, the according to Cancer Treatment and Survi- Alliance for Quality Psychosocial Cancer Care, vorship Statistics, 2016, published in CA: A and the American Cancer Society (ACS). The Cancer Journal for Clinicians, a peer-reviewed ACS has begun to produce guidelines to assist journal of the American Cancer Society, and primary care and other clinicians in the provi- its companion publication for consumers, Can- sion of care for people with a history of cancer. cer Treatment & Survivorship Facts & Figures, 2016-2017. The report was released ahead of For more information, visit cancer.org. National Cancer Survivors Day, Sunday June 5, 2016. Although overall cancer incidence rates are declining in men and stable in women, the number of cancer survivors continues to increase in the United States because of a growing and aging population, as well as increases in cancer survival because of advanc- es in early detection and treatment. The report is produced every two years LOS ANGELES BUSINESS JOURNAL in collaboration with the National Cancer Institute to estimate the numbers of current and future cancer survivors to help the public health community better serve this unique population, many of whom cope with long- PATRICK SOON-SHIONG INNOVATION AWARDS term physical effects of treatment as well as psychological and socioeconomic sequelae.

Although overall cancer incidence rates are declining in men and stable in women, the number of cancer survivors continues to increase. The Los Angeles Business Journal is proud to host the 2016 Patrick Soon-Shiong Innovation

The three most prevalent cancers in 2016 Awards this November. Los Angeles is the are prostate (3,306,760), colorectal (724,690), innovation capital of the world and the Los Angeles and melanoma (614,460) among men and Business Journal recognizes the importance of breast (3,560,570), uterine corpus (757,190), and colorectal (727,350) among women. The supporting this initiative to foster the economic distribution of prevalent cancers (the number competitiveness of the region. We are proud to of previously diagnosed cancers among people who are alive) differs from incident cancers have a partner in Dr. Soon-Shiong who shares our (the number of newly diagnosed cancers). vision and who himself is a true innovator. For example, lung cancer is the second most commonly diagnosed cancer in men, but ranks eighth in prevalence, largely because of poor survival. One-third of survivors in the U.S. today PLEASE JOIN US FOR A were diagnosed less than five years ago and DAY OF INNOVATION more than one-half (56%) were diagnosed within the past 10 years. Nearly half (47%) are Register today at age 70 years or older, although age distribution labusinessjournal.com/bizevents varies by cancer type. For example, the major- ity of prostate cancer survivors (64%) are age 70 years or older, compared to just one in three (37%) melanoma survivors. The report esti- mates that there are 65,190 cancer survivors THURSDAY, NOVEMBER 17 aged 14 and under and 47,180 aged 15 to 19 Dr. Patrick Soon-Shiong FOUR SEASONS HOTEL BEVERLY HILLS years in the United States. 300 S DOHENY DRIVE, LOS ANGELES, CA 90048 In the article, the term “cancer survivor” is Keynote Speaker used to describe a person who has a history of Morning & Evening Program cancer, from the time of diagnosis through the 7:00AM – 10:30AM: SUMMIT remainder of his or her life. It includes patients 6:00PM – 9:00PM: AWARDS DINNER currently undergoing treatment and those who may have become cancer-free. It is important to note that not all people with a history of cancer identify with the term “cancer survivor.” “People with a history of cancer have unique medical and psychosocial needs that require proactive assessment and management by primary care providers,” write the authors. PRESENTING SPONSORS PLATINUM SPONSOR COMMUNITY PARTNER “Although there are a growing number of tools that can assist patients, caregivers, and clinicians in navigating the various phases of GOLD SPONSOR cancer survivorship, further evidence-based Intrepid Investment Bankers resources are needed to optimize care.” 20 LOS ANGELES BUSINESS JOURNAL – ADVERTISING SUPPLEMENT OCTOBER 10, 2016

BREAST CANCER AWARENESS Uncovering a New Principle in Chemotherapy Resistance in Breast Cancer

laboratory study has revealed an entirely lead to novel therapeutic approaches that target unexpected process for acquiring drug resis- tumor-specific vulnerabilities.” A tance that bypasses the need to re-establish In this study, the researchers linked the pro- DNA damage repair in breast cancers that have tection and stabilization of DNA replication mutant BRCA1 or BRCA2 genes. The findings, forks as a major contributory mechanism to drug reported by Andre Nussenzweig, Ph.D., and resistance in BRCA1/2-mutant breast and ovarian Shyam Sharan, Ph.D., at the National Cancer cancers. Replication is a cellular process that pro- Institute (NCI), part of the National Institutes duces two indistinguishable DNA copies from a of Health, and colleagues, appeared July 21, single DNA molecule. This DNA-copying process 2016, in Nature. is an essential step in cellular division and occurs In normal cells, the proteins BRCA1 and at defined locations called replication forks. BRCA2 act as DNA damage sensors, surveyors, The movement of a replication fork as it and responders. They help perform complex migrates along a DNA molecule can be disrupt- functions that facilitate the repair of damaged ed by the presence of a diverse group of DNA DNA. Individuals who inherit certain mutations structures and proteins, collectively and loosely in either the BRCA1 or BRCA2 gene have referred to as replication fork barriers. This defective DNA repair and an increased risk of interruption of replication fork migration results developing breast, ovarian, and other cancers. in what is called a stalled fork. Upon replication Specifically, mutations in BRCA1 and BRCA2 fork stalling, the BRCA1 and BRCA2 proteins account for 20 percent to 25 percent of heredi- are called upon to protect the newly synthesized tary breast cancers and 5 percent to 10 percent strands of DNA. If these proteins are absent, the of all breast cancers. The reduced ability to replication fork is destabilized and the newly repair breaks in DNA in cells with a BRCA1 or synthesized DNA is degraded, which increases BRCA2 mutation makes the cells sensitive to genomic instability and increases sensitivity to DNA damaging drugs. However, breast cancers DNA-damaging drugs. results are of particular relevance in the clini- the field, which states that restoring DNA eventually acquire resistance to these drugs. One The investigators were able to identify other cal setting, where expression of these proteins repair pathways are the only means by which documented mechanism for developing che- proteins, such as PTIP, CHD4 and PARP1, that appears to be an indicator of how patients with BRCA1/2-mutant cells can become chemoresis- moresistance in such tumors is through the res- actively promote replication fork destabilization BRCA1- and BRCA2-mutant cancers will tant,” concluded Nussenzweig. toration of accurate DNA repair pathways that through the recruitment of enzymes that degrade respond to chemotherapeutic treatment with mend DNA breaks caused by chemotherapy. newly synthesized DNA. The absence of these DNA-damaging agents. Information for this article was provided by the Nussenzweig’s laboratory has spent the proteins protected the DNA at replication forks All together, these results underscore the National Cancer Institute, which leads the National past decade trying to understand the cellular and remarkably reversed the drug sensitivity importance of replication fork barriers to Cancer Program and the NIH’s efforts to dramat- mechanisms that regulate DNA repair in nor- of both BRCA1- and BRCA2-mutant cells, genomic instability and drug sensitivity in the ically reduce the prevalence of cancer and improve mal and pathogenic states. “It is the intricate making them chemoresistant. These studies also context of BRCA1/2 mutations. The results also the lives of cancer patients and their families, through mechanisms that tumor cells evolve to bypass highlighted the complex ways by which tumor suggest that the cellular levels of these proteins research into prevention and cancer biology, the the need for accurate DNA repair that form the cells can evade chemotherapeutic interventions could be used as a prognostic factor in acquired development of new interventions, and the training foundation of our study,” said Nussenzweig. “A and acquire drug resistance, since disrupting resistance in BRCA1/2-mutant cancers. and mentoring of new researchers. For more infor- deeper knowledge of the processes that drive the activity of multiple proteins led to the same “Our work is starting to not only refine, mation about cancer, please visit the NCI website at drug resistance in BRCA1/2-mutant tumors will end point of replication fork protection. These but also redefine, the current dogma in www.cancer.gov. New American Cancer Society Breast Cancer Book Offers Hope for the Recently Diagnosed

HE American Cancer Society last month givers know what to expect, what to do, and seemingly endless amount of decisions to make. cancer survivors, this evidence-based book is a announced the publication of Breast Can- how to get through what can be an overwhelm- This book supports them by providing a com- great resource for any breast cancer patient. T cer Clear & Simple, Second Edition: All ing, life-changing experience. Professional prehensive and easy-to-understand format to “This book is an important and innovative Your Questions Answered, an engaging, ques- illustrations throughout the book can help help them navigate through their diagnosis and tool to support patients with a breast cancer tion-and-answer book written to help newly patients understand how breast cancer starts treatment options, especially during those first diagnosis to help them make the treatment diagnosed patients quickly digest the crucial in the body, facts about breast anatomy, the days and months,” said Dr. Richard Wender, choices that are right for them,” said Dr. J. Leon- information needed to navigate through their lymph system, and the types of breast recon- chief cancer control officer, American Cancer ard Lichtenfeld, deputy chief medical officer, breast cancer experience. struction available. Society. American Cancer Society. Breast Cancer Clear & Simple was written to “When women are diagnosed with breast Written by medical experts from the Amer- Breast cancer remains the most frequently help women with breast cancer and their care- cancer, they have a lot to think about and a ican Cancer Society, with guidance from breast diagnosed cancer in women. This year, invasive breast cancer will be diagnosed in about 246,660 women. An additional 61,000 new cases of in BREAST CANCER BY THE NUMBERS situ breast cancer will be diagnosed. Survival rates are generally higher for women with earli- • About 1 in 8 U.S. women — 12.4% — will develop commonly diagnosed cancer among American women. • Less than 15% of women who get breast cancer have a er-stage cancers. invasive breast cancer over the course of her lifetime. Just under 30% of cancers diagnosed in women are breast family member who has been diagnosed with it. Breast Cancer Clear & Simple, Second Edition: • In 2016, an estimated 246,660 new cases of invasive cancers. • About 5-10% of breast cancers are thought to be All Your Questions Answered is available in both breast cancer are expected to be diagnosed, along with • In women under 45, breast cancer is more common caused by inherited gene mutations (abnormal changes passed print and eBook formats. 61,000 new cases of non-invasive breast cancer (also known in African-American women than white women. Overall, Afri- through families). as carcinoma in situ). About 40,450 women are expected can-American women are more likely to die of breast cancer. • Mutations of the BRCA1 and BRCA2 genes are the most Breast Cancer Clear & Simple, Second Edition: to die in 2016 from breast cancer, though there has been a Asian, Hispanic, and Native-American women have a lower risk common. Women with a BRCA1 mutation have a 55-65% risk All Your Questions Answered By: The American decrease in death rates since 1989, with larger decreases in of developing and dying from breast cancer. of developing breast cancer before age 70, often at a younger Cancer Society Published: August 22, 2016 ISBN- women under 50. These decreases are thought to be the result • As of early 2016, there were more than 2.8 million age than it typically develops. For women with a BRCA2 muta- 13: 978-1604432367 Pages: 208 Price: $14.95 of treatment advancements, earlier detection through screen- women with a history of breast cancer in the U.S. This figure tion, the risk is 45%. An increased ovarian cancer risk is also USD and $17.95 CAN (hardcopy) ing, and increased awareness. includes women currently being treated and women who have associated with these genetic mutations. • For women in the United States, breast cancer death finished treatment. • The most significant risk factors for breast cancer are To order this book, go to acs.bookstore.ipgbook. rates are higher than death rates for any other type of cancer, • A woman’s risk of breast cancer approximately doubles gender (being a woman) and age (growing older). com. For bulk order requests, email us at trade. besides lung cancer. if she has a first-degree relative (mother, sister, daughter) who [email protected]. For help with your order, call • Except for skin cancer, breast cancer is the most has been diagnosed with breast cancer. Information provided by the American Cancer Society. the Independent Publishers Group (IPG) at (800) 888-4741. OCTOBER 10, 2016 CALENDAR LOS ANGELES BUSINESS JOURNAL 21

u CONVENTIONS u CALENDAR Network Café Managing Your Own Rights Sponsor: Redondo Beach Chamber of Commerce Sponsor: California Lawyers for the Arts • Ultimate Women’s Expo Monday, Oct. 10 11:30 a.m. 7 p.m. Belamar Hotel Sherman Oaks Galleria, Community Room Oct. 15-16 Public Speaking Lunch Meeting 3501 N. Sepulveda Blvd., Manhattan Beach 15301 Ventura Blvd. (866) 618-3434 Sponsor: Broads and Beaus Toastmasters Club $30 $20 1 p.m. (310) 376-6911 (310) 998-5590 • Comikaze Palmdale Auto Mall Oct. 28-30 412 Auto Vista Drive, Palmdale Biz @ Sunset www.comikazeexpo.com Free Sponsor: Santa Monica Chamber of Commerce Wednesday, Oct. 26 (661) 974-9904 5:30 p.m. Network Connection Breakfast Santa Monica Pier, Pacific Park • L.A. Auto Show Sponsor: Greater San Fernando Valley Chamber of 1515 Ocean Ave. Nov. 18-27 Commerce $25 (310) 444-1850 Tuesday, Oct. 11 7:15 a.m. (310) 393-9825 Coffee Hour Braemar Country Club Sponsor: San Dimas Chamber of Commerce 4001 Reseda Blvd., Tarzana • Ski Dazzle 8:30 a.m. $40 Dec. 2-4 246 E. Bonita Ave. Wednesday, Oct. 19 (818) 989-0300 (949) 756-8501 Free New Heroes Celebration (909) 592-3818 Sponsor: Santa Monica Chamber of Commerce Public Speaking Breakfast Meeting • International Drone Expo 4:30 p.m. Sponsor: Bunker Hill Toastmasters Dec. 9-10 Business Introductions 7:30 a.m. Saint Monica’s Grand Pavilion www.internationaldroneexpo.com Sponsor: eWomenNetwork Los Angeles 725 California Ave., Santa Monica City Club 11:30 a.m. $45 555 S. Flower St., Los Angeles Cornerstone Plaza (310) 393-9825 Free • AdultCon 1990 S. Bundy Drive, West Los Angeles (424) 272-0289 Dec. 16-18 $85 (310) 859-6900 (424) 270-5806 Thursday, Oct. 20 • Yoga Expo Networking at Noon Thursday, Oct. 27 Good Afternoon Long Beach Sponsor: Santa Fe Springs Chamber of Commerce House-Flipping Workshop Dec. 17 Sponsor: Long Beach Area Chamber of Commerce 11:30 a.m. Sponsor: California Flipping Network www.theyogaexpo.org 11:30 a.m. Tepeyac at Heritage Park 11 a.m. Parkers’ Lighthouse 12100 Mora Drive, Santa Fe Springs Doubletree by Hilton • Fitness Expo 435 Shoreline Village Drive, Long Beach $17 13111 Sycamore Drive, Norwalk $35 Jan. 7-8 (562) 944-1616 Free (888) 348-3976 (562) 436-1251 (323) 365-1004 Accelerated Networking • L.A. Art Show Sponsor: eWomenNetwork Los Angeles Halloween Multichamber Mixer Wednesday, Oct. 12 11:30 a.m. Co-Sponsor: Santa Fe Springs Chamber of Commerce Jan. 11-15 Public Speaking Breakfast Meeting Olympic Collection 5 p.m. (310) 822-9145 Sponsor: Bunker Hill Toastmasters 11301 S. Olympic Blvd., West Los Angeles Embassy Suite Downey 7:30 a.m. $65 8426 Firestone Blvd. • Comic Excitement Convention City Club (424) 270-5806 $10 Jan. 14-15 555 S. Flower St., Los Angeles (562) 944-1616 www.comicexcitement.com Free Business Introductions Rights Clearance Issues in Film, TV (424) 272-0289 Sponsor: eWomenNetwork Calabasas • Classic Auto Show 11:30 a.m. Sponsor: California Lawyers for the Arts Jan. 27-29 Don Voyage! Regus Westlake Village 7 p.m. (203) 484-8052 Citizen of the Year: 30700 Russell Ranch Road Ken Edwards Center $85 1527 Fourth St., Santa Monica Supervisor Don Knabe (818) 800-0752 $20 • LAMKT Sponsor: Palos Verdes Chamber of Commerce (310) 998-5590 5 p.m. Jan. 27-30 Terranea Resort After Hours Social Mixer (800) 318-2238 100 Terannea Way, Rancho Palos Verdes Sponsor: Pasadena Chamber of Commerce $150 5 p.m. Wednesday, Nov. 2 • L.A. Travel & Adventure Show Residence Inn Old Town Pasadena (310) 377-8111 Business Card Exchange Feb. 18-19 21 W. Walnut St. Sponsor: Santa Fe Springs Chamber of Commerce (203) 878-2577 $10 (Reservation required) 7:30 a.m. (626) 795-3355 Thursday, Oct. 13 Bicycle Hotel & Casino • L.A. Cookie Con 888 Bicycle Casino Drive, Bell Gardens Feb. 18-19 Breakfast Connection After Hours Mixer $15 Sponsor: Pasadena Chamber of Commerce Sponsor: San Dimas Chamber of Commerce (562) 944-1616 www.lacookiecon.com 7 a.m. 5:30 p.m. Courtyard by Marriott Zendejas Mexican Restaurant Calendar listings should be submitted at least three • VRLA 180 N. Fair Oaks Ave., Pasadena 665 W. Arrow Highway, San Dimas weeks in advance of the event. Send listings by email to March 24-25 $30 (Reservation required) Free [email protected] with “Calendar” in the www.virtualrealityla.com (626) 795-3355 (909) 592-3818 subject line. L.A. Convention Center, (213) 741-1151, ext. 5340

Advertising Feature

NONPROFIT New Directions for Veterans People on the Move (NDVets), a nonprofit organization that helps our nation’s veterans successfully address the challenges after military service, has named ACCOUNTING FINANCE Colonel (Retired) Yvette Kelley as Stan Luker has been admitted as BlackLine, a leading provider of President and Chief Executive a partner in the Moss Adams Los financial controls and automation Officer, it was announced today by Angeles office. Luker leads the firm’s software solutions that enable Board chair, Rudy E. Grimaldo. Ms. transaction services practice in Continuous Accounting, has appointed Kelley Kelley succeeds Ted Howells, a long- Southern California and specializes Karen Flathers as the company’s first time board member who served as in mergers and acquisitions for Chief Customer Officer. interim CEO for the past six months. transactions ranging from several Formerly vice president, Global Colonel Kelley comes to NDVets after a long and million dollars to $10 billion. Field Operations, at leading cloud distinguished career of military service. In 1983, she enterprise software company Zuora, began as a platoon leader and company commander Luker Flathers Ms. Flathers brings deep experience in the 2nd Infantry Division (Korea) and has since to BlackLine, including international served in a multitude of critical command and staff expertise in ERP (Enterprise Resource Planning) and other positions. From 2001-2003, she served as a Battalion Finance technology implementations. In her new role, Commander during both Operation Enduring Freedom Contact Rosz Murray Flathers will directly oversee the day-to-day functions of (OEF) and Operation Iraqi Freedom (OIF). 323.549.5225 ext. 215 BlackLine’s Implementations, Support, Customer Success [email protected] and Product Training departments. 22 LOS ANGELES BUSINESS JOURNAL INVESTMENTS & FINANCE OCTOBER 10, 2016

THE LABJ STOCK INDEX TRACKING LOS ANGELES AREA COMPANIES

u WEEKLY TOP GAINERS u WEEKLY TOP LOSERS

Nova Lifestyle Inc. Global Eagle Entertainment Alexandria Real Estate Equities Inc. Public Storage

$5.5 $9.650 $112.80 $225.833 Oct. 5 Sept. 28 $9.65 $112.80 Sept. 28 $225.83

3.9 Oct. 5 8.825 108.12 217.36 $4.08 Sept. 28 $8.23 Sept. 28 2.37

Oct. 5 Oct. 5 $103.44 $208.89 2.3 8.000 103.44 208.89 9/28 9/29 9/30 10/03 10/04 10/05 9/28 9/29 9/30 10/03 10/04 10/05 9/28 9/29 9/30 10/03 10/04 10/05 9/21 9/22 9/23 9/26 9/27 9/28

TOP TEN LOCAL GAINERS BY PERCENTAGE (with closing prices at least $1) TOP TEN LOCAL LOSERS BY PERCENTAGE (with opening prices at least $1) Oct. 5 Sept. 28 Price 1-Wk 52-Wk Oct. 5 Sept. 28 Price 1-Wk 52-Wk Company Close Close Change % Chg. % Chg. Company Close Close Change % Chg. % Chg. Nova Lifestyle Inc...... $4.08 $2.37 $1.71 72.2% 80.5% Alexandria Real Estate Equities Inc...... 103.44 112.80 -9.36 -8.3% 18.0% Global Eagle Entertainment ...... 9.65 8.23 1.42 17.3% -18.8% Public Storage ...... 208.89 225.83 -16.94 -7.5% -5.1% MRV Communications Inc...... 12.42 11.28 1.14 10.1% -8.0% LTC Properties Inc...... 48.90 52.61 -3.71 -7.1% 11.9% Ritter Pharmaceuticals Inc...... 1.77 1.62 0.15 9.3% -27.7% Qualstar Corp...... 3.72 4.00 -0.28 -7.0% -51.9% B. Riley Financial Inc...... 13.96 12.86 1.10 8.6% 43.8% Macerich Co...... 76.30 82.03 -5.73 -7.0% 1.2% Reed’s Inc...... 4.14 3.84 0.30 7.8% -16.0% Rexford Industrial Realty ...... 21.50 23.05 -1.55 -6.7% 50.0% Arrowhead Research Corp...... 7.52 7.04 0.48 6.8% 21.3% PS Business Parks Inc...... 107.43 114.90 -7.47 -6.5% 33.3% Fulgent Genetics Inc ...... 9.57 9.00 0.57 6.3% NA American Homes 4 Rent ...... 20.18 21.50 -1.32 -6.1% 22.7% East West Bancorp Inc...... 38.86 36.58 2.28 6.2% 1.5% Xencor Inc...... 23.73 25.27 -1.54 -6.1% 77.0% Salem Media Group Inc...... 6.28 5.95 0.33 5.5% 1.9% Douglas Emmett Inc...... 35.36 37.42 -2.06 -5.5% 19.8%

u MARKET DIARY u MARKET INDEXES The markets finished the week ended Oct. 5 largely in negative territory as nervousness over the timing of an anticipated increase Oct. 5 Sept. 28 Point 1-Wk 52-Wk in interest rates continued to cause jitters. The Dow Jones industrial average closed off three-tenths of a point to end the week Index Close Close Change % Chg. % Chg. at 18,281. The S&P 500 was down 0.5 percent to close at 2,160 as the broader Nasdaq finished the week unchanged at 5,316. Dow Jones Industrial ...... 18,281.03 18,339.24 -58.21 -0.3% 9.0% The LABJ Stock Index fared worse, closing off 1.3 percent for the week, dragged down by local real estate issues. In all, 69 companies advanced and 67 declined, with eight unchanged. Inflight entertainment provider Global Eagle Entertainment Inc. rose Nasdaq ...... 5,316.02 5,318.55 -2.53 0.0% 11.2% 17 percent for the week to close at $9.65 on news it had landed a three-year distribution agreement with Lagardère Sports. S&P 500 ...... 2,159.73 2,171.37 -11.64 -0.5% 8.7% Real estate investment trust Alexandria Real Estate Equities Inc. fell 8.3 percent to lead decliners, ending the week at $103.44 LABJ Index ...... 230.45 233.53 -3.08 -1.3% 3.5%

u MARKET SUMMARY u DIVIDEND YIELD MOST ACTIVE STOCKS VOLUME WEEKLY SUMMARY Company Dividend Yield Dividend Weekly Close Walt Disney Co...... 7,282,146 Advances ...... 69 PennyMac Mortgage Investment Trust ...... 13.0% $1.88 $14.51 Activision Blizzard Inc...... 6,625,568 Declines ...... 67 Anworth Mortgage Asset Corp...... 12.6% 0.60 4.76 Mattel Inc...... 5,102,910 Unchanged...... 8 Tix Corp...... 11.8% 0.22 1.86 Nova Lifestyle Inc...... 4,108,888 New Highs ...... 9 TCP Capital ...... 8.8% 1.44 16.33 California Resources Corp...... 3,377,480 New Lows ...... 3 Colony Capital Inc...... 8.8% 1.60 18.21

u LABJ STOCK INDEX

LABJ Stock Index, 52 weeks LABJ Stock Index v. S&P 500, 5 days LABJ Stock Index v. S&P 500, 52 weeks 250 0.5% 12% S&P 500 10% LABJ Stock Index 8% 240 Oct. 5 0.0% 230.45 6%

4% 230 -0.5% 2%

0% 220 -1.0% -2%

-4%

210 -1.5% -6% S&P 500 -8% LABJ Stock Index 200 -2.0% -10% S O N D J F M A M J J A S 9/28 9/29 9/30 10/03 10/04 10/05 S O N D J F M A M J J A S

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

For more information please contact: Data provided by Bloomberg, a source considered to be reliable. However, the information in this feature may not be complete James Hillman, Managing Director (310) 551-7660 and cannot be guaranteed. The information provided in this feature does not constitute the provision of investment advice. OCTOBER 10, 2016 INVESTMENTS & FINANCE LOS ANGELES BUSINESS JOURNAL 23

THE LABJ STOCK INDEX TRACKING LOS ANGELES AREA COMPANIES p TOP GAINERS q TOP LOSERS Company Oct. 5 1-Wk YTD 52-Wk P.E. Mkt. Cap Company Oct. 5 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 AeroVironment Inc. AVAV $24.55 0.2% -16.7% 15.8% 139.7 $574.2 PennyMac Mortgage Investment Trust PMT $14.51 -2.8% -4.9% -7.6% 17.7 $981.7 Ducommun Inc. DCO 22.66 1.5% 39.7% 9.3% 19.1 253.0 Preferred Bank PFBC 35.42 0.5% 7.3% 14.4% 15.2 500.0 Flamemaster Corp. FAME 8.92 0.0% -15.0% -17.0% 19.1 11.2 TCP Capital TCPC 16.33 -0.9% 17.2% 13.3% 10.3 828.0 Teledyne Technologies Inc. TDY 107.60 -1.2% 21.3% 19.8% 21.1 3,729.1 HEALTH CARE Wesco Aircraft Holdings Inc. WAIR 13.84 2.2% 15.6% 14.0% 14.6 1,364.7 Apollo Medical Holdings Inc AMEH 3.90 -2.5% -17.9% -36.6% NA 22.4 p Fulgent Genetics Inc (L)(H) FLGT 9.57 6.3% NA NA NA 163.1 APPAREL Herbalife Ltd. HLF 62.91 2.1% 17.3% 6.4% 12.7 5,844.7 Cherokee Inc. CHKE 10.57 2.0% -38.7% -34.4% 11.8 92.1 Molina Healthcare Inc. MOH 57.11 -1.9% -5.0% -15.2% 23.0 3,243.9 Differential Brands Group Inc. DFBG 5.53 -2.5% 11.8% -45.9% NA 72.3 NantHealth NH 13.09 -4.6% NA NA NA 1,586.9 Guess Inc. GES 14.62 3.1% -22.6% -32.7% 24.4 1,233.6 RadNet Inc. (H) RDNT 7.46 3.9% 20.7% 32.5% 35.4 346.4 Skechers U.S.A. Inc. SKX 23.02 2.4% -23.8% -48.0% 13.1 3,649.8 VCA Inc. WOOF 69.33 2.1% 26.1% 28.1% 27.9 5,606.4 AUTOMOTIVE/PLASTICS/METALS INSURANCE Motorcar Parts of America Inc. MPAA 28.53 0.1% -15.6% -14.1% 22.8 531.5 Mercury General Corp. MCY 54.05 -2.7% 16.1% 7.4% 34.2 2,986.5 Reliance Steel & Aluminum Co. RS 70.19 -4.8% 21.2% 23.9% 15.9 5,090.9 Unico American Corp. UNAM 11.02 -0.1% 10.3% 4.4% NA 58.5 US Auto Parts Network Inc. PRTS 3.33 2.8% 12.9% 71.6% 83.3 116.4 INTERNET BIOMEDICAL / PHARMACEUTICAL Boingo Wireless Inc. (H) WIFI 9.90 0.3% 49.5% 23.8% NA 377.4 Amgen Inc. AMGN 167.24 -1.5% 3.0% 16.3% 17.1 125,155.9 CrowdGather Inc. (L) CRWG 0.01 -25.3% -74.1% -90.9% NA 0.8 p Arrowhead Research Corp. ARWR 7.52 6.8% 22.3% 21.3% NA 456.8 J2 Global Inc. JCOM 65.86 -2.4% -20.0% -12.1% 21.5 3,162.1 Capricor Therapeutics CAPR 3.45 5.5% 12.2% -20.0% NA 73.7 Rubicon Project RUBI 8.46 0.6% -48.6% -43.4% 22.9 413.9 CytRx Corp. CYTR 0.58 1.9% -78.2% -78.2% NA 55.9 Spark Networks Inc. LOV 1.58 -3.1% -59.0% -51.4% NA 41.0 Immunocellular Therapeutics IMUC 0.11 -0.3% -67.7% -73.0% NA 15.6 Stamps.com Inc. STMP 95.53 0.7% -12.8% 29.0% 23.9 1,649.6 Kite Pharma KITE 56.41 -0.1% -8.5% -9.0% NA 2,797.8 TrueCar Inc. TRUE 9.50 2.5% -0.4% 60.7% NA 803.8 MannKind Corp. MNKD 0.63 3.2% -56.7% -80.3% NA 300.4 MANUFACTURING NantKwest NK 7.76 -0.8% -55.2% -35.4% NA 638.7 Avery Dennison Corp. AVY 76.05 -2.9% 21.4% 28.2% 20.2 6,757.6 Puma Biotechnology PBYI 65.63 -2.4% -16.3% -18.0% NA 2,132.5 Gores Holdings Inc. GRSH 10.80 -0.2% 8.0% NA NA 506.2 Jakks Pacific Inc. JAKK 8.30 -4.0% 4.3% -4.5% NA 166.4 p Ritter Pharmaceuticals Inc. RTTR 1.77 9.3% 4.2% -27.7% NA 15.2 Mattel Inc. MAT 30.58 -1.5% 12.6% 41.4% 24.9 10,416.1 Second Sight EYES 3.36 0.6% -43.0% -45.5% NA 141.8 p Nova Lifestyle Inc. (H) NVFY 4.08 72.2% 126.7% 80.5% 1022.3 102.5 Staar Surgical Co. STAA 9.32 0.4% 30.5% 12.0% NA 376.8 OSI Systems Inc. OSIS 67.22 3.8% -24.2% -16.3% 31.7 1,274.2 q Xencor Inc. XNCR 23.73 -6.1% 62.3% 77.0% 26.1 975.8 Real Industry RELY 6.11 0.2% -23.9% -34.7% NA 178.8 COMPUTERS/PERIPHERALS/ELECTRONICS p Reed’s Inc. REED 4.14 7.8% -23.0% -16.0% NA 57.6 Emcore EMKR 5.68 3.3% 20.6% 3.7% 52.6 148.5 Virco Manufacturing VIRC 4.10 -0.7% 23.1% 29.3% 16.4 62.2 Ixia XXIA 12.43 -0.7% 0.0% -18.8% 97.1 1,010.7 MEDIA/LEISURE/ENTERTAINMENT MRV Communications Inc. MRVC 12.42 10.1% 1.6% -8.0% NA 85.4 p Activision Blizzard Inc. ATVI 44.52 0.8% 15.0% 39.3% 43.6 33,017.5 PCM Inc. (H) PCMI 21.73 3.5% 118.8% 131.2% 24.6 253.6 Daily Journal Corp. DJCO 216.16 -0.1% 7.0% 11.5% NA 298.5 q Qualstar Corp. QBAK 3.72 -7.0% -19.5% -51.9% NA 7.6 Demand Media Inc. DMD 5.86 0.9% 6.5% 35.6% NA 119.5 Semtech Corp. (H) SMTC 27.74 0.1% 46.6% 76.8% 65.4 1,818.8 DTS Inc. DTSI 42.46 0.0% 87.8% 47.5% 182.1 752.7 Taitron Components Inc. TAIT 1.16 2.7% 18.5% 17.8% NA 6.4 Entravision Communications Corp. EVC 7.69 3.8% -0.3% 9.1% 31.8 688.5 Trio Tech International TRT 3.53 -1.4% 26.5% 31.2% 16.3 12.4 p Global Eagle Entertainment ENT 9.65 17.3% -2.2% -18.8% NA 807.1 CONSTRUCTION/ENGINEERING Lions Gate Entertainment Corp. LGF 21.41 3.7% -33.9% -45.4% 53.7 3,161.3 Aecom ACM 29.56 0.3% -1.6% 1.9% 15.3 4,543.2 Live Nation Entertainment Inc. LYV 28.16 2.4% 14.6% 11.5% NA 5,718.9 Jacobs Engineering Group Inc. JEC 52.33 0.2% 24.7% 33.1% 16.6 6,354.3 MGM Holdings Inc. MGMB 79.50 0.0% 3.9% 3.9% NA 4,275.7 Tetra Tech Inc. TTEK 35.47 -0.3% 36.3% 38.7% 22.0 2,037.0 Point.360 PTSX 0.30 -59.6% -65.6% -71.4% NA 3.9 Tutor Perini Corp. TPC 22.20 1.6% 32.6% 29.6% 14.1 1,091.6 Reading International Inc. RDI 13.40 0.0% 2.2% -2.5% 51.5 316.7 ENERGY/UTILITIES Research Solutions Inc. RSSS 1.02 -1.0% 68.6% 3.1% NA 24.4 American States Water Co. AWR 38.26 -3.8% -8.8% -9.6% 23.9 1,398.7 p Salem Media Group Inc. SALM 6.28 5.5% 26.1% 1.9% 16.2 162.1 BioSolar Inc. BSRC 0.09 0.6% -35.8% -58.9% 0.1 2.3 Tix Corp. TIXC 1.86 0.5% -13.5% -13.5% 8.3 33.8 Walt Disney Co. DIS 92.45 0.3% -12.0% -11.0% 15.9 148,576.5 BNK Petroleum Inc. BNKPF 0.16 3.4% -5.2% -48.6% NA 25.8 MISC. SERVICES BreitBurn Energy Partners LP BBEPQ 0.07 7.3% -90.1% -97.2% NA 14.2 Air Lease Corp. AL 28.56 1.4% -14.7% -12.5% 9.7 2,937.2 California Resources Corp. CRC 11.94 2.9% -48.8% -66.8% NA 490.7 Cadiz Inc. CDZI 6.97 -2.7% 32.5% 42.0% NA 130.2 Capstone Turbine Corp. CPST 1.37 1.5% -2.1% -68.8% NA 41.3 Korn/Ferry International KFY 21.96 3.6% -33.8% -35.4% 11.6 1,271.5 Cavitation Technologies Inc CVAT 0.02 24.5% -14.1% -25.0% NA 4.8 Marathon Patent Group MARA 2.65 -1.9% 65.6% 39.5% NA 39.9 Edison International EIX 69.76 -5.3% 17.8% 9.5% 18.8 22,728.6 NetSol Technologies Inc. NTWK 6.50 3.7% -16.2% 24.5% 21.1 69.8 FINANCIAL SERVICES On Assignment Inc. ASGN 36.73 -2.0% -18.3% -2.5% 20.4 1,959.5 A-Mark Precious Metals AMRK 15.70 -2.2% -16.7% 32.6% 12.4 110.2 REAL ESTATE American Business Bank AMBZ 28.50 0.0% -2.8% 5.2% 15.0 186.1 q Alexandria Real Estate Equities Inc. ARE 103.44 -8.3% 14.5% 18.0% 57.5 8,065.6 Americas United Bank AUNB 7.29 -0.1% -6.1% -2.3% 30.4 21.0 q American Homes 4 Rent AMH 20.18 -6.1% 21.1% 22.7% NA 4,811.2 Anworth Mortgage Asset Corp. ANH 4.76 -4.2% 9.4% -3.6% 9.8 456.7 CBRE Group Inc. CBG 27.56 -2.9% -20.3% -15.0% 15.2 9,249.6 Ares Management (H) ARES 18.52 -2.3% 43.2% 5.5% 16.1 3,921.0 q Douglas Emmett Inc. DEI 35.36 -5.5% 13.4% 19.8% 91.4 5,340.6 p B. Riley Financial Inc. (H) RILY 13.96 8.6% 41.0% 43.8% 221.3 265.8 Hudson Pacific Properties Inc. HPP 31.99 -3.5% 13.7% 7.1% NA 3,817.7 Bank of Santa Clarita BSCA 11.30 0.0% 14.1% 18.9% NA 24.9 Intergroup Corp. INTG 24.30 -1.0% -4.7% -11.1% NA 57.9 Broadway Financial Corp. BYFC 1.69 -0.6% 11.9% 29.0% 18.4 49.1 KB Home KBH 15.96 -3.0% 29.4% 10.8% 12.8 1,353.0 Cathay General Bancorp CATY 31.17 0.9% -0.5% 3.3% 15.7 2,458.1 Kennedy-Wilson Holdings Inc. KW 22.50 -2.0% -6.6% -4.2% NA 2,531.1 Colony Capital Inc. CLNY 18.21 0.4% -6.5% -11.7% 16.9 2,062.5 Kilroy Realty Corp. KRC 66.73 -4.1% 5.5% -2.1% 34.4 6,156.2 Commonwealth Business CWBB 12.00 0.5% 12.1% 14.4% 9.5 105.8 Landmark Infrastructure LMRK 17.20 -2.8% 17.5% 9.3% 29.1 263.0 CU Bancorp CUNB 22.54 -3.5% -11.1% -1.3% 16.3 398.3 q LTC Properties Inc. LTC 48.90 -7.1% 13.4% 11.9% 23.2 1,917.9 q Macerich Co. MAC 76.30 -7.0% -5.4% 1.2% 133.1 10,958.6 p East West Bancorp Inc. EWBC 38.86 6.2% -6.5% 1.5% 13.9 5,599.8 Marcus & Millichap MMI 25.45 0.6% -12.7% -47.9% 14.7 957.1 Farmers & Merchants Bank FMBL 6200.00 -0.5% -0.6% 3.3% 12.0 811.8 Portsmouth Square Inc. PRSI 51.00 0.0% -2.1% 2.0% 153.9 37.4 General Finance Corp. GFN 4.57 5.5% 14.5% 17.8% NA 119.8 q PS Business Parks Inc. PSB 107.43 -6.5% 22.9% 33.3% 43.0 2,909.7 Green Dot Corp. GDOT 22.99 -0.2% 40.0% 27.7% 38.3 1,119.6 q Public Storage (L) PSA 208.89 -7.5% -15.7% -5.1% 33.1 36,221.8 Hanmi Financial Corp. HAFC 26.88 2.3% 13.3% 7.5% 14.9 867.2 q Rexford Industrial Realty REXR 21.50 -6.7% 31.4% 50.0% 397.9 1,419.6 Hope Bancorp Inc. HOPE 17.86 3.6% 3.7% 15.7% 14.5 2,412.4 RESTAURANTS/RETAIL/GROCERY STORES Houlihan Lokey HLI 25.57 4.4% -2.4% 13.8% 19.7 1,706.8 Big 5 Sporting Goods Corp. BGFV 13.87 0.7% 38.8% 31.8% 23.8 305.5 Malaga Financial Corp. (H) MLGF 23.25 0.0% 5.6% 10.6% 12.5 135.7 Cheesecake Factory Inc. CAKE 49.78 -1.3% 8.0% -9.3% 19.2 2,393.4 Mission Valley Bancorp MVLY 8.25 3.3% -8.3% 26.9% NA 20.7 DineEquity Inc. DIN 78.26 -1.6% -7.6% -14.3% 13.6 1,425.3 NCAL Bancorp NCAL 0.99 0.0% 120.0% 94.1% NA 2.3 Smart & Final SFS 12.88 1.4% -29.3% -18.8% 23.9 951.9 Oaktree Cap Group OAK 41.44 -1.0% -13.2% -15.4% 27.7 6,419.9 SOFTWARE Pacific Commerce Bancorp PCBC 6.50 0.2% -5.1% 8.3% NA NA Cornerstone OnDemand Inc. CSOD 44.74 -5.2% 29.6% 27.0% NA 2,502.4 PacWest Bancorp PACW 43.66 1.3% 1.3% -0.3% 15.5 5,256.0 Guidance Software Inc. GUID 5.96 -1.0% -1.0% -1.5% NA 192.6 PennyMac Financial Services Inc. PFSI 16.64 -3.1% 8.3% 4.7% 8.2 1,268.4 Simulations Plus Inc. SLP 8.64 -1.4% -12.8% -8.0% 32.0 147.3 NOTES ON STOCK TABLES (H) Stock hit new 52-week high (L) Stock hit new 52-week low (S) Stock split during week 24 LOS ANGELES BUSINESS JOURNAL REAL ESTATE OCTOBER 10, 2016 Hangar Buyer Will Also Land Google as Tenant LISTING: Former home to space, and 7,200 square feet of ground-floor commercial space. Spruce Goose could run Tribune held on to the parcel when it sold the neighboring Times building last week for up to $1,000 a square foot. $105 million to developer Onni Group. Onni is planning to build apartments in place of a HE former Spruce Goose hangar in 1970s-era chunk of the building, if it is able to Playa Vista is available for interested secure entitlements. Tparties, along with the opportunity Tribune’s project, however, is distinct. to claim Google Inc. as a tenant just as the Tribune spokesman Gary Weitman confirmed technology giant is planning to expand its that the company filed the application but office space within the massive wooden shell. wouldn’t elaborate on the company’s plans.

Big Deal: Former Spruce Goose hangar in Playa Vista, where Google rents space. Industrial Increase REAL and sources familiar with the market estimate several preliminary construction permits. Five new industrial buildings totaling ESTATE the Spruce Goose site could notch as high as Ratkovich acquired the hangar in 2010 501,270 square feet just hit the market in El $900 to $1,000 a square foot due to its blue- when it bought 28 acres of surrounding Monte, giving the San Gabriel Valley city its DAINA BETH chip tenant. properties for $34.2 million. first new industrial sites in about eight years. That suggests the hangar, along with Google purchased an adjacent 12-acre Developer Magellan Group sold three of the SOLOMON several small buildings with which it shares property for $120 million, making a strong just-completed properties and is marketing the the 358,000-square-foot Hercules Campus Playa Vista commitment. remaining pair to both buyers and sellers, said West, could potentially be worth as much as Google has an option to buy the hangar at co-founder Kevin Staley. According to marketing materials compiled $358 million. the end of its lease, but the opportunity to buy “There hadn’t been any large-scale by brokerage HFF, Google plans to build The cathedral-like structure contains now might prompt faster action. development in this market for many, many three floors of offices and a mezzanine in the two sections measuring 750 feet by 100 feet Google did not respond to a request for years,” he said. Howard Hughes-designed space, aiming to under a roof peaking at 72 feet – large enough comment nor did representatives at Ratkovich. The San Gabriel Valley vacancy rate “pay homage to the history of Hughes’ legacy for Hughes to build the Spruce Goose, a plummeted to 0.7 percent in the third quarter, while incorporating cutting-edge design.” 200-ton wooden cargo plane also known as Tower Times according to Jones Lang LaSalle. That would increase the size from 251,700 to “Hercules,” in the mid-1940s. Tribune Media is aiming to build a Staley said the site was once occupied by 418,600 square feet of office space. Google’s lease, signed last year with 30-story condominium tower next to the Los manufacturing companies including a fire HFF’s John Crump said the property property co-owners Ratkovich Co. Angeles Times building downtown, according hydrant maker and boiler maker, but a previous went on the market at the end of August but and Penwood Real Estate Investment to an entitlement application filed last week owner had cleared the land. When designing would not disclose the asking price. The site’s Management, is good for 16 years with with the city’s Planning Department. the buildings, he planned to target medium- value could be difficult to estimate: Despite three five-year options to renew. Google The project would replace a surface size companies and Chinese buyers, and even the obvious appeal of owning a Google- nabbed a low monthly rent of $2.50 a square parking lot while retaining a five-story incorporated feng shui design principles. occupied office property, the hangar is really foot because it will need to spend heavily on parking structure next to a forthcoming light- just a raw shell made of layers of glued wood. renovations. ZGF Architects and contractor rail station at Broadway and Second Street. Staff reporter Daina Beth Solomon can be Recent Playa Vista office sales have Matt Construction Corp. have been Plans call for a mixed-use building of reached at [email protected] nabbed between $740 and $840 a square foot, contracted for the project, which has secured 107 condos, 534,044 square feet of office or (323) 549-5225, ext. 237. BUSINESS MARKETPLACE REAL ESTATE AUCTIONS The ideal space for your law firm

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BUSINESS OPPORTUNITIES Hanes Properties, LLC Opportunity to Purchase a Home Health Agency and Non-Medical Home Care Agency We buy Multifamily properties Purchase a fully licensed Home Health Agency require Bankruptcy Court approval. Offers should be in all So Cal locations. operating in Orange and Los Angeles Counties with submitted no later than October 27, 2016. There is typical annual revenues of $2,800,000 and the a pending offer to pay $75,000 for the Home Health related non-medical Home Care Agency with typical Agency and $25,000 for the Home Care Agency, $10M - $40M and above annual revenues of $600,000. excluding accounts receivable.

Best buyer is a licensed Home Health Agency which For additional information please contact Jason Braemon Hanes, CCIM can offer care to the existing patients and regional Wallach, Esq. or Brian M. Hoye, Esq. by email [email protected] centers with the existing caregivers, while a transfer [email protected], [email protected]; or 818-865-8305 ext 106 of the Seller’s license is pending. The sale will telephone (310) 556-4660. OCTOBER 10, 2016 LOS ANGELES BUSINESS JOURNAL 25 BUSINESS MARKETPLACE EMPLOYMENT NOTICE OF SEIZURE BUSINESS SERVICES

NOTICE OF SEIZURE Silverstar Express, U.S. Treasury Department Internal Revenue Service Inc. seeks Logistician Criminal Investigation On July 26, 2016, Wells Fargo Bank Acct. Nos. XXX2878 in the amount of to Review current $13,270.12, XXX3669 in the amount of $73,750.00, XXX5598 in the amount of $59,290.65, and XXX7461 in the amount of $500 were seized at 601 W. logistics performance w/ 1st Avenue, Spokane, WA 99201; Western Union Money Order Nos. XXX1513 $1,000, XXX1514 $1,000, XXX1515 $1,000, XXX1516 $1,000, XXX3387 $1,000, XXX3388 $1,000, XXX3389 $1,000, XXX3390 $1,000, XXX6762 customers against targets, $500, XXX6763 $500, XXX6764 $500, and XXX6766 $500; U.S. currency in the amount of $30,000 was seized on July 26, 2016, 2016 at 25187 Sugar benchmarks, & service Hill Road, Moreno Valley, CA 92553; and on August 8, 2016 Bank of America Acct. Nos. XXX0010 in the amount of $12,246.74, and XXX3286 in the agreements. amount of $5,721.67 were seized at 1001 4th Ave., Seattle, WA 98154 for administrative forfeiture for violations of 18 U.S.C. 1956. Pursuant to 18 U.S.C. 981, the above described property is subject to forfeiture. Any person Associate’s Degr. in Intl claiming an ownership interest in this property must file a claim with the Internal Revenue Service Criminal Investigation, Special Agent in Charge, 915 2nd Avenue, Mail Stop W-300, Seattle, Washington, 98174 1009, Attn: Business req’d. Send Asset Forfeiture Coordinator, by close of business on November 7, 2016. Otherwise, the property will be forfeited and disposed of according to law. resume to job loc: 19010 Contact IRS Special Agent Julie K. Ward at (503) 265 3531 or via email at [email protected] for further information regarding seizure numbers S. Laurel Park Rd, Rancho 91160056-01, 91160056-02. 91160056-03, 91160056-04, 91160058-01, 91160058-02, 91160058-03, 91160058-04, 91160058-05, 91160058-06, Dominguez, CA 90220. 91160058-07, 91160058-08, 91160058-09, 91160058-10, 91160058-11, 91160058-12, 91160059-01, 91160057-01, 91160057-02.

REQUESTS FOR BIDS

McCarthy Building Companies, Inc. NOTICE OF SUBCONTRACTOR INVITATION TO BID McCarthy Building Companies, Inc. invites qualified subcontractors to submit Bid Proposals for Martin Luther King Jr., East Parking Structure located in Los Angeles, CA. The design and construction of a new multi-level parking structure and associated site improvements at the east side of the MLK campus. The new parking struc- ture will include at least 1,400 parking spaces to accommodate the parking demands for the new services to be provided on campus. Bidders are invited to submit bids for the following scopes of work: Reinforcing Steel, Concrete Supplier, Masonry, Misc. Steel/Stairs, Plaster, Waterproofing, Architectural Metal Panels, Glass and Glazing, Plaster, Painting, Bids are due Monday, October 24, 2016, by 2:00 PM. Bid Proposals will be accepted only for the following Work Categories: Work Category: Reinforcing Steel, Concrete Supplier, Masonry, Misc. Steel/Stairs, Plaster, Waterproofing, Architectural Metal Panels, Glass and Glazing, Plaster, Painting, All bidders wishing to provide a bid on the Work Packages above must be pre-qualified by McCarthy Building Companies, Inc. prior to the bid date. Prequalification website: https://prequalification.mccarthy.com Contact Diane Henke at (949) 851-8383 for prequalification instructions. All bidders should demonstrate minimum qualifications of suc- REQUESTS FOR PROPOSALS cessfully completing three projects of equivalent size and complexity on operating campuses within the past ten years. All three of those projects should have been completed without any arbitration, litigation or mediation. The basis of award is by “best value” which is determined by evaluation of objective criteria that may include but not limited to price, features, functions, life-cycle costs, experience, and past performance. Consideration will also be given to safety record (Incident Rate and EMR), schedule performance, minority participation, claims history and financial capability. All bidding subcontractors must provide a Bid Bond and 100% Performance and Payment Bond from an admitted surety. All bidding subcontractors must be able to provide insurance requirements and minimum coverage indicated in the Contract Documents, including but not limited to, The California Municipal Finance Authority, a joint Commercial General Liability - $5,000,000; Comprehensive Automobile Liability Insurance - $5,000,000; Workers Compensation (per state statutes) and Employer’s Liability - $1,000,000. Hold Harmless Clauses and Waivers of Subrogation will be required. Subcontractors submitting bid proposals for all public works after March 1, 2015, (with the exception of Federal contracts) must be registered with the California department of Industrial relations (DIR). (CA labor Code Section 1725.5) exercise of powers authority, has published a Request McCarthy is signatory to union agreements with the Carpenters, Laborers, and Cement Masons. Subcontractors will comply with such labor agreements for all of Subcontractor’s Work falling within the jurisdiction of such labor agreements. Subcontractor agrees to require its subcontractors and their subcontractors, if any, to be bound in a like manner. Prevailing wage requirements apply. Bid documents can be viewed and downloaded at no cost through the McCarthy Box.com website: https://mbc.box. com/s/z5ma3do6moyh9icgy2sh0iqu35uexn1h McCarthy is an equal opportunity employer and encourages qualified CBE/SBE subcontractors and suppliers to participate on this project. We are seeking Los Angeles County certified MBE/WBE/DBE/DVBEs (CBEs) and SBEs and Local Hire. There is an aspirational goal of 25% of contract value for for Proposals for Financial Advisory and Administrative Community Business (CBE) Participation, an encouraged goal of 25% for Small Business Enterprise (SBE) participation and a goal of 30% Local Hire labor hours of which 10% are Disadvantaged Local Workers hours. Please do not contact Architect, Engineers or the existing facility. All questions pertaining to this project and bids must be submitted to: Services. Please visit www.cmfa-ca.com for a copy of Nick Barlow Project Manager McCarthy Building Companies, Inc. 20401 S.W. Birch St., Suite 300 Newport Beach, CA 92660 the Request for Proposals. Phone: (949) 851-8383 • Fax: (949) 756-6841 PROPERTIES FOR SALE & LEASE

FOR SALE illi IS PROUD TO REPRESENT THE FOLLOWING GROWING COMPANIES 805-811 N. LA CIENEGA BLVD. FOR SALE

• PRIME LOS ANGELES HIGH STREET RETAIL • $741,336 NOI • $18.2M 550 E Del Amo Blvd, Carson William Althouse • 11,868 SF Freestanding Office Building Wateria water store is a full-service retail shop Since 1945, Handel’s Homemade Ice (310) 966-4389 that sells not only purified and alkaline water, but all Cream & Yogurt is made fresh everyday on the • Prime Carson Location with Street Visibility other related goods. Wateria has achieved much premises. Since then, Handel’s has grown to success in the past 22 years, and have more than include locations across the country. Handel’s • Owner/User Leased Through 12/31/17 20 Wateria stores in Southern California. Wateria is success has been documented in many national Get seen, get leased, get sold the leader in retail water stores in the United States publications around the world, and is now • Zoning CR-D and is looking to expand. expanding in LA County! We can help you showcase • Minutes from SouthBay Pavilion Mall Site Criteria: Site Criteria: your properties each week • 1,000 - 1,200 SF • 1,500 - 2,000 SF • $4,500,000 Asking Sale Price • Grocery Anchored Shopping Center • Grocery Anchored Shopping Centers Allen Basso & Brian Garbutt • Convenient Parking in Front of Store • Household Income of Approx. 80K+ 949-727-1200 • Endcaps preferred, will consider inline Contact Rosz Murray [email protected] For more information, please contact Kyle Fishburn / 818.501.2212 x109 / [email protected] 323.549.5225 ext. 215 [email protected] The Sign of a Profitable Property [email protected] LEASING PROPERTY MANAGEMENT INVESTMENTS illicre.com BRE# 01834124 26 LOS ANGELES BUSINESS JOURNAL OCTOBER 10, 2016 TV: Content Glut Alters Big Picture for Ad Rates to traditional broadcasting – in recent years they generate revenue from monthly fees, they Continued from page 1 by taking advantage of ratings numbers, so- have needed to beef up their libraries to attract cial media information, and other internal new users. Critics Association press tour in August. data sources to market programming to cer- That’s been a boon to shows produced for The problem? A finite number of dollars to tain demographics, said Rich Hull, executive major networks and basic cable, which have fuel the ads and subscribers needed to support chairman of Santa Monica’s Pongalo, a Span- been able to recoup production costs and gen- all this programming. ish-language streaming video platform. erate additional revenue by selling streaming Much of the surge has come with the pro- “The economics of niche TV suddenly rights. liferation of original content on so-called works in a way it didn’t 10 years ago,” he said. over-the-top streaming services, platforms that New markets bypass broadcast and cable networks. While Breaking point But after-markets for TV content might not that’s been great for production crews in Los Despite more sophisticated marketing, the be enough going forward. Fearing tightening Angeles and elsewhere, it has also caused industry might be reaching a breaking point, U.S. markets for advertising and subscriber advertisers to shift dollars to the expanding where good shows get lost in the noise and ar- dollars, some producers have started target- digital realm, and more competition for those en’t able to connect with enough viewers to re- ing foreign audiences. In February, Warner dollars has put downward pressure on ad rates. main financially viable. The top 20 percent of Bros. Entertainment Inc. acquired a stake Traditional TV ad rates fell 3 percent last year scripted shows average 10.5 million viewers, in DramaFever, a streaming-video subscrip- after a 4.4 percent drop in 2014, according to the bottom 20 percent average only 380,000, tion service specializing in South Korean TV research firm Media Dynamics Inc. according to FX Networks Research. FREDERICK M. BROWN/GETTY IMAGES shows and film dramas. And, of the 1.7 million What’s more, the strategy of adding more “While there is more great television than Peaking?: FX Networks’ John Landgraf subscribers Netflix added in the quarter ended original shows also isn’t adding subscribers to at any time in history, audiences are having at Television Critics Association tour. on June 30, 1.5 million customers came from Netflix Inc.’s customer base as quickly as it more trouble than ever distinguishing the great foreign markets. used to. Despite its ambitious lineup of original from the merely competent,” said Landgraf at series such as “Mad Men” and “Breaking Bad.” “The major media companies are starting productions, Netflix added just 1.7 million sub- the Television Critics Association press tour. “I Netflix changed the game further with its to recognize there are major opportunities in scribers in the quarter ended on June 30, much do this for a living, I have a pretty good mem- slate of original shows, including “House of international audiences,” said Hull. less than the 3.3 million subscribers it added in ory, and I certainly can’t come close to keeping Cards” and “Orange Is the New Black,” which Yet, despite appearing as a natural outlet for the same period a year earlier. track of it all.” both debuted in 2013. And the Los Gatos com- a glut in U.S. productions, international markets If the fragmentation of viewers becomes The concern is that content production will pany has only ramped things up since then, in- might be slow to yield profits, especially when even more problematic, it could seriously dent in the next few years outpace demand, which vesting $6 billion in content production this year it comes to recouping investments on origi- demand for new television programming, said could have a chilling effect on the industry. with 71 shows either released or in production. nal programming. In May, Netflix launched Neil Landau, a screenwriter and associate di- “Some (shows) won’t make it,” said Lan- Netflix is betting that its ability to attract a French-language show “Marseille” in France; it rector of UCLA’s Department of Film, Televi- dau. “I think we’ll see at least 100 less scripted wide variety of viewers will justify its robust is now available to U.S. viewers. Unfortunately, sion, and Digital Media. shows by 2018.” production slate, said Peter Csathy, chairman the program was widely panned in France de- “Why would you pay hundreds of thou- The production explosion over the last two of Burbank’s Creatv Media. spite its slick production and big-name cast that sands of dollars for a 30- or 60-second spot decades, which some refer to as the medium’s “The data piece can help (Netflix) find their includes actor Gérard Depardieu. when you are getting a fraction of the view- Golden Age, arguably started with HBO’s audience and target them more effectively, so “There is going to be a learning curve with ers?” he said, noting the possible impact on “Sex and the City” in 1998 and “The Sopra- they have a better chance to have their stories international production,” said Hull. “‘Mar- ad-supported programs. nos” in 1999, noted Hull. watched,” he said. seilles’ was just that. Once they figure out what Producers have been able to cater to smaller Since then, basic cable channels such as While subscription streaming services works, they’ll say, Oh, my God, this is making audiences – called narrowcasting, as opposed AMC have gone full steam ahead with niche don’t have to worry about advertisers because us a lot of money, let’s make more of that.” Advertising: Exec Shuffle Offers Firm Fresh Start his family. Continued from page 1 “You realize maybe you need to see your kids again and enjoy all the things you worked Amir Haque, Supermoon’s founder and hard for,” he recalled. chief executive, said while the Santa Moni- A year later, he wasn’t quite sure what to ca agency has been around for more than 10 do with himself. But he knew that if he wound years, it now feels like a new shop. up back in advertising, it would be at a smaller “Even though it’s the same entity, it’s like a agency, he said. 14-year-old startup,” he said. He reconnected with Supermoon’s Acquistapace is not the first Deutsch veteran Burgeson, with whom he worked at Deutsch, to join the firm. Over the past two years, the com- and Haque offered him a position at the firm pany has hired David DeRoma as executive cre- soon after. ative director, Jill Burgeson as director of strate- “It’s like the mob,” Acquistapace said, jok- gy, and Nicole Rowett as group account director. ingly. “I tried to get out but Amir pulled me Supermoon arrived at its new name because the back in.” team came up with its new business plan on the weekend of the celestial event last year. Running start The company’s goal is to land contracts RINGO H.W. CHIU/LABJ He ended up joining a firm with momen- with what Haque refers to as “second-stage” Reboot: Kyle Acquistapace, left, and Amir Haque at Santa Monica’s Supermoon. tum. Before he arrived, Supermoon signed a companies, i.e., businesses aiming for rapid deal with Honest to create TV spots, including growth rather than large established players. of ad industry trade group ThinkLA, said re- Donat, who was the catalyst behind the firm’s a recent series of diaper commercials, as well as “What’s helpful is they see the value (and) branding to differentiate from the competition original mission, now serves as chief brand digital ads. Supermoon also plans to launch the rapid growth you’re able to give them,” said is not uncommon in this market. officer atTrueCar Inc., a former Tiny Rebel- first piece of advertising for automotive finance Haque, who assumed the role of chief execu- “How do you play in a very large field with lion client. startup AutoGravity by the end of the year. tive last month alongside Acquistapace’s ap- great talent and agencies that have scale?” she Haque bought out Donat, and as part of the Haque acknowledged that focusing on pointment. He previously served as president. said. “Maybe you’re smaller and so going for transaction they agreed to rebrand the agency. younger clients as opposed to snagging large “(With) later-stage companies, agency services that type of (young) client might be more ac- Donat did not respond to a request for comment. brands gives Supermoon more accounts to can be viewed more like a commodity.” cessible, more realistic, and in line with what “He wanted to do other things, so I was at manage. Co-founded in 2002 by Haque and Lucas you want to deliver.” a bit of a crossroads,” said Haque, a trained “It’s a paradox of this business,” he said. Donat, its former chief executive, Tiny Rebel- She added that not every agency’s goal is electrical engineer and former business man- “You want to have a lot of success and diver- lion’s original mission focused on helping pur- to become the next TBWA\Chiat\Day, with agement consultant. “I wanted to pull us in a sification. Then you become a fast-growing, pose-driven companies implement campaigns hundreds of employees and multiple offices way that was even more business-minded but successful agency and these big accounts invite that promoted positive ideas. For example, it across the world. And sometimes clients prefer also allowed us to up our creative game.” you to come work for them and they end up launched a campaign called #FoodPornIndex to work with smaller shops. Though he declined to state the firm’s rev- chewing up your diversification model.” for Bolthouse Farms that tracked social media “Clients are also competitive,” Franceschini enue, Haque said Supermoon has seen 20 per- But Acquistapace added that smaller agen- mentions of healthy food versus junk food. said. “Clients are looking for a needle in a hay- cent growth each quarter since rebranding in cies can react quicker to the needs of their cli- stack. If you’re discovering new talent and new the fourth quarter of last year. The agency has ents. Supermoon rising agencies, you’re also a hero in your marketing a staff of 25. “You realize the trappings of a big agency Despite its narrow focus, the small agency department.” The hiring of Acquistapace came some- aren’t what matters,” he said. “There might saw growth and garnered acclaim, winning While Haque said the company’s new what out of the blue. After spending 16 years at be smaller lunch rooms or no lunch room but Advertising Age’s Small Agency of the Year business model has worked out so far, it came Deutsch LA as a partner and director of media all the good parts are still there. We make a honor last year. about rather suddenly after Donat’s decision and data strategy, he resigned from the mega- decision and we go do it that afternoon. It’s Susan Franceschini, executive director to part with the firm in October of last year. firm last year in order to spend more time with intoxicating.” OCTOBER 10, 2016 LOS ANGELES BUSINESS JOURNAL 27 Manufacturing: Company Has Recycling in Bags cesses, and dominate the market. That’s one Continued from page 1 reason why he said penetrating other markets that don’t face mandates, such as nongrocery stores to contain a certain amount of recycled retail and restaurants, is so important. plastic. Another potential concern is the extent of With the public becoming increasingly wiggle room plastic bag makers will have in aware of the pollution and disposal problems certifying their claims of postconsumer reus- caused by more than 10 billion single-use able content. SB 270 states that companies plastic bags each year in California, Grande must submit third-party verification of their and other top executives at Command Pack- content claims. aging figured bans on single-use plastic bags Keith Vorst, a researcher in the polymer would gain momentum and could eventually and food protection consortium at Iowa State spread statewide. The city of Los Angeles en- University who is working with Command acted its ban a couple of years after Manhattan Packaging on verification issues, said that Beach took its action. some manufacturers might be tempted to “We looked at the landscape and decided include in their definition of recycled content environmental sustainability had to be an im- plastic that is left on the manufacturing room portant part of the company,” said Grande, 58. floor, which is not considered postconsumer. So far, the company’s instincts have proved And he believes the requirements surround- correct. After Manhattan Beach in 2008, 122 ing third-party verification are not stringent local ordinances banning single-use plastic enough. bans have been passed in California and doz- “Command Packaging has taken a ma- ens more have passed in cities in other states, jor risk in investing so much money in the according to Californians Against Waste, an technology to extract postconsumer resin,” environmental group that has been leading the Vorst said. “But other manufacturers may bag-ban charge. try to take short cuts and be able to charge All of these bans, as well as the statewide less. So Command Packaging may be doing ban on the ballot, target thin single-use plastic RINGO H.W. CHIU/LABJ the right thing, but the money can seem to bags used at the checkout counters in grocery Sustainable Strategy: Worker with plastic bags at Vernon’s Command Packaging. be wasted.” stores or other large retail outlets that sell Grande said the provisions built into the groceries. The plastic bags used for produce Park, has moved toward heavy-duty reusable measure appropriates $2 million to a state loan law are for the remedies for alleged cheating are not included, nor are heavier plastic bags plastic bags, but it decided not to invest in account to help manufacturers produce plastic to be addressed through the legal system. designed for multiple uses. technology to boost the recycled plastic con- bags that use recycled content. “If a bag supplier believes Command Packaging first switched to tent of its bags. That could give potential a competitor is selling making so-called “heavy use” plastic bags Executives with Crown Poly declined to rivals a way in. noncompliant bags, they that can be reused more than 100 times. Then comment. Grande said he’s will file a complaint it spent $15 million to build a plant in Salinas So, for now, that leaves Command Packag- more concerned that with the court,” he that takes plastic that has been used to cover ing as the only regional player to make bags eventually larger said. “The burden agricultural crops and extract resin from it. that contain some recycled plastic resin. plastic bag manufac- will be on the ac- That resin is then injected into the bags it turers will catch on, cused to demonstrate makes at its Vernon facility. Hefty wager convert their pro- they are compliant.” So far, the recycled plastic resin is used in Grande started his career at Dow Chemi- about 10 percent of the bags Command Pack- cal Co. and was senior vice president at Hilex aging makes. The company sells those bags to Poly Co., one of the largest plastic bag makers some grocery chains for use in cities that have in the nation, before leaving to start Command already banned single-use plastic bags as well Packaging in a warehouse industrial facility as other retail outlets and restaurants that want in Vernon in 1989. For the next 20 years, the Getting Handle on State Measures to make an environmental statement. company made single-use plastic carry bags Executives of privately held Command for the retail industry, before introducing California voters in November will face two measures focused on a 2014 state law banning Packaging would not disclose its major cli- heavier-grade multiple-use bags in 2009. single-use carry-out plastic bags at grocery stores. Plastic bag manufacturers placed both ents, revenue, or how many of these bags they Today, the Vernon plant employs about 225 measures on the ballot. make, citing competitive reasons. people; an additional 25 are employed at the But Grande said if the ballot measure pass- Salinas resin recycling plant. PROPOSITION 67 PROPOSITION 65 es, the plan is to expand very rapidly. For a while, the company’s heavy upfront Summary: Referendum contains the text of Summary: Measure addresses the min- investment in the Salinas plant four years ago SB 270, a law signed in October 2014 by Gov. imum 10-cent fee SB 270 requires grocery Referendum ploy looked like it might not pay off. Jerry Brown that bans single-use carry-out stores to collect for all carryout bags (paper Proposition 67 is actually the text of a bill, The delay in implementing the state ban plastic bags at grocery stores. “Yes” vote up- bags, thicker ban-compliant plastic bags, and SB 270, passed by the Legislature and signed and uncertainty over whether the referendum holds the law; “no” kills the law. After failing to cloth bags) that they provide at checkout. SB by Gov. Jerry Brown two years ago. would pass meant grocery chains were in no block passage of that law, plastic bag manu- 270 allows grocers to keep these fees, but this In a last-ditch effort to stop the law, several hurry to switch bag providers. What’s more, facturers gathered and submitted signatures measure would require grocery operators to major plastic bag manufacturers placed the the collapse in oil prices resulted in a plunge to qualify the measure for the ballot, with the place the money in a state fund operated by the bill text on the ballot as a referendum, with in virgin plastic prices, meaning single-use intention of campaigning against it. Wildlife Conservation Board for environmental the intent to campaign against it. As of Sept. plastic bags became much cheaper to produce. What supporters say: In this case, support- mitigation projects. It was placed on the ballot 30, these plastic bag makers had raised $6.1 That, Grande said, forced the company to low- ers are the supporters of the original law, includ- by plastic bag manufacturers; the strategy is million for an opposition campaign. Bag-ban er its price point for its recycled resin plastic ing environmental groups such as Californians seen by some as an attempt to peel off grocery proponents had raised nearly $1.8 million. bags to compete. The bags facing the ban sell Against Waste, the state’s major grocery chains, store support for the plastic bag ban. Of course, qualifying the referendum had to grocers for 2 cents each; bags allowable if and billionaire environmentalist Tom Steyer. What supporters say: Plastic bag makers an immediate benefit for the law’s opponents: the proposition passes sell for 7 cents to 10 They say flimsy single-use plastic bags strangle and their allies say SB 270’s bag fee paid at The ban’s July 1, 2015, implementation date cents each. or otherwise harm wildlife, litter communities, checkout represents a tax on consumers that was pushed back. However, Grande said the delay in the pollute the ocean, and raise cleanup costs. enriches the pockets of grocery store operators. Under SB 270, all major grocery stores and law’s implementation did have one silver lin- What opponents say: Opponents of the Measure would redirect that money toward chains can only use heavy-duty plastic bags ing: It gave the company time to further pen- measure are the ones who placed it on the environmental programs. that are certified for reuse at least 125 times. etrate other markets besides grocery stores, ballot. They are chiefly the nation’s major plastic What opponents say: Though they don’t More importantly, the plastic used in the bags especially restaurants and nongrocery retail bag manufacturers, led by Hilex Poly Co. of officially oppose this measure, bag-ban propo- must initially come from at least 20 percent outlets such as clothing stores. Hartsville, S.C. They say the law is a de facto tax nents say it is a ploy by plastic bag manufac- “postconsumer” content, meaning plastic “That side of our business is now much on consumers, forcing them to pay at least 10 turers to divert voter attention from the real is- that has previously been used. That threshold more viable,” he said. cents for each permissible carry-out bag sup- sue, Proposition 67. Manufacturers, opponents ramps up to 40 percent after four years. Now as the vote nears on Proposition 67, plied by the store and that none of that money say, want to confuse voters enough so they are Command Packaging’s ban-compliant bags Command Packaging looks to take pole posi- will go toward cleaning up the environment. more likely to vote against Proposition 67. have concentrations of recycled resin from the tion among manufacturers of plastic bags that Fundraising (through Sept. 30): Fundraising (Through Sept. 30): Salinas plant well in excess of 20 percent of all comply with the measure. Supporters: $1.76 million. Major donors: Supporters: $6.1 million (for both this the plastic used in the bags, Grande said. No polling has been released on this refer- Albertson’s; Ralphs/Food 4 Less; California measure and Proposition 67). Major donors: According to Mark Murray, executive endum measure to date; a Los Angeles Times/ Grocers Association; Steyer Hilex Poly; Superbag; Formosa Plastics; Ad- director of Californians Against Waste, a lead USC Dornsife poll from two years ago – after Opponents: $6.1 million (for both this mea- vanced Polybag. crafter of SB 270, Roplast Industries of Oro- Brown signed SB 270 – found 59 percent sure and Proposition 65). Major donors: Hilex Opponents: No official campaign commit- ville is the only other plastic-bag maker in the support. Poly; Superbag Corp.; Formosa Plastics Corp.; tee specifically for this measure. state to begin producing bags with postcon- Advanced Polybag Inc. – Howard Fine sumer recycled content. Lead vanishing? The L.A. area’s other major plastic bag But Command Packaging’s advantage Sources: California Secretary of State; Ballotpedia. manufacturer, Crown Poly Inc. of Huntington might only be temporary. For starters, the 28 LOS ANGELES BUSINESS JOURNAL OCTOBER 10, 2016 Marijuana: Joint Effort Will Push Branded Buds

Continued from page 1 under its brand at dispensaries at more than $400 an ounce, a significant premium to the standard $300 to $350 for similar quantity, Nester said. It individually packages its high- end joints in delicate glass test tubes with cork stoppers; nuggets of marijuana are sold in glass jars with branded lids. Chroncierge’s products were once available by delivery as well, but a 2014 lawsuit and re- sulting Los Angeles Police Department crack- down has led the company to halt the practice. Although Colorado, which legalized the recreational use of the drug in 2014, has a smattering of top-shelf marijuana options, federal law bars companies from transporting product over state lines, which has limited the competition in California.

High note Nester, a session pianist, co-founded Chron- cierge with three others a little more than two years ago as a members-only, direct-to-con- sumer cannabis service based out of a small office in Orange County. He is the only partner that agreed to have his name published in this story, as others cited concern over the contin- ued legal scrutiny of the industry. The partners have professional backgrounds in industries including real estate, apparel, and entertain- ment, and together they handle all aspects of the Chroncierge business, from working with licensed growers to package design. When the company began, hopeful smokers would apply for a Chroncierge membership, be vetted by the company and, if accepted, invited RINGO H.W. CHIU/LABJ to private parties to receive the specialty weed. Pouring It On: Jud Nester, with Chroncierge items, sees growing similarities between the marijuana and wine industries. Chroncierge then toyed with providing private courier and delivery services but soon dropped team up with the company, Nester said. Legal- cannabis enthusiasts upon the activation of the THE the practice as an increasing number of simi- ization would remove many of those barriers adult-use market,” he said. BUSINESS lar businesses were shut down by law enforce- and prime Chroncierge for high-profile part- of CANNABIS ment, Nester said. Although delivery was al- nerships. Air of exclusivity ways illegal under Proposition D, a 2013 city of “That allows me to unload every bullet I’ve Where many cannabis companies went L.A. initiative that allowed a limited number of loaded into my gun,” said Nester. hippy, Chroncierge went hip-hop, embracing a medical marijuana dispensaries to operate, the music genre that has long publicly celebrated brand will debut with a merchandise focus: practice faced a crackdown after the Los Ange- Out of shadows marijuana. As part of the firm’s efforts to widen With a plan to hit the festival circuit this year, les city attorney filed a lawsuit in 2014 against As cannabis moves out of the shadows of its appeal, the company has plans to branch out Heavy Grass will be largely in the form of ban- weed and alcohol delivery app, Nestdrop. the black market, financial heavy hitters and into other genres of music in coming months. danas, T-shirts, and hats in lieu of actual can- Chroncierge then began to focus on celebri- prospective investors have begun to show in- At the Aftershock concert in Sacramento nabis products. ty collaborations, and in November of last year terest in what some projections suggest could on Oct. 22, Chroncierge, along with a group of Under the Heavy Grass brand, Chroncierge released a strain of cannabis developed with be a $22 billion industry by 2020. partners that includes cannabis-focused mar- will also launch a specialty line of pot dubbed rapper Freddie Gibbs. Freddie Kane OG, as it Private equity firmPrivateer Holdings has keting company the Grow Division, will debut Heavy OG in a few weeks. Intended for med- was called, was launched in coordination with invested in Leafly, the self-proclaimed world’s brand Heavy Grass. ical marijuana consumers for now, Nester said Gibbs’ album release and was accompanied largest marijuana site, and Marley Naturals, “We wanted to create a cannabis lifestyle he hopes to make it available to a wider mar- by Freddie Kane apparel. Chroncierge is now the official cannabis brand of Bob Marley’s brand for the rock ’n’ roll market,” said Ed- ket if Californians vote to legalize recreational developing a strain of cannabis with rapper family. die Donaldson, co-founder of West Holly- marijuana with Proposition 64 in November. Cam’ron and has plans to release an extensive John Kagia, executive vice president of wood-based Grow Division. “We hope one day “Nobody wants to be regulated, but we all line of branded clothing with the fashion-fo- industry analytics at New Frontier Data, said we’ll be the Jack Daniel’s of weed.” want to be legitimate businessmen in some- cused performer as well. celebrities dipping their toes into the cannabis They are taking a multifaceted approach. thing that should obviously be a legitimate Despite these relationships, the stigma sur- industry isn’t a phenomenon isolated to Chron- With marijuana still illegal in most states, the business,” he said. rounding pot has some celebrities reluctant to cierge. Willie Nelson, for example, has Wil- lie’s Reserve, a line of high-quality cannabis, and Whoopi Goldberg has Whoopi&Maya, medical cannabis products targeted at women. Magazine Turns Page With Merchandise Those celebrities are producing marijuana and related products under their own brands, Cannabis publication High Times, which said Kagia, while Chroncierge is releasing opened a “creative hub” office in Mid-Wilshire celebrity collaborations under its own umbrel- this month, has launched its own line of apparel. la. Pot companies aren’t able to advertise in Debuting in its online store last week, the brand’s mainstream publications or on network TV, but T-shirts, jackets, hats, and lighters have a associating with a high-profile figure can help throwback feel with printed slogans that include brands get increased exposure. “Reefer Madness” and “Devil’s Harvest.” “It’s one of the ways in which these compa- The High Times logo is also featured prom- nies are able to overcome challenges of limited inently on apparel items, designed to target a marketing,” he said. diverse crowd – from doctors and lawyers to Marijuana companies are forced to rely on musicians and students – who want to proudly Chill: High Times-branded jacket. alternative lanes for marketing, said Kagia, display their love of cannabis, according to a such as Instagram, which provides a direct statement from the company. Items range in cost from $4 for a pin to channel to users. While there’s been no quan- “The culture that has formed around cannabis $120 for a satin jacket, and the selection will be tification of the return on investment obtained is now flourishing, with advocates for legalization updated seasonally. High Times also has plans from each Instagram follower, amassing a fol- existing in every facet of society,” said Larry to collaborate with artists and designers on lowing allows companies to create visibility at Linietsky, chief operating officer of High Times, in future apparel items. a time when there are few established brands a statement. “High Times recognizes the need to As of now, the High Times clothing line is in the field. celebrate the activists and fighters worldwide by only available for purchase through the compa- For Chroncierge, which has nearly 18,000 giving them banners to fly, and so we’ve launched ny’s website. followers on Instagram, the platform can help the High Times apparel division in 2016.” – Hayley Fox FERNANDA CALFAT/GETTY IMAGES lay the groundwork for expansion, said Kagia. Runway: Chroncierge partner Cam’ron. “It becomes much easier to engage those OCTOBER 10, 2016 LOS ANGELES BUSINESS JOURNAL 29

EXECUTIVE STYLE Out of Uniform

‘I spend more money on shoes than my mortgage.’ CARA SANTANA, Glam App

Asos Motorcycle jacket Cost: $78.

Fendi Pompon bag charm. Cost: $400.

Coach Rexy skinny tote. Cost: $595. Gianvito Rossi Gianvito pumps. Cost: $695.

ARA Santana, an actress and co-founder of West she wore for the Business Journal with an Asos motor- CHollywood on-demand beauty service Glam App, cycle jacket. has always followed her own voice – even when it Her favorite labels are Alexander Wang, Public got her into trouble. who really dressed School, Isabel Marant, and Chloe. But for a night out “I went to an Episcopalian boarding school where ev- to my moods and wanted she’ll opt for designers such as Calvin Klein, Michael eryone had to wear a uniform,” Santana said. “And I would to express how I was Kors, and Monique Lhuillier. get called to the headmaster’s office all the time because I feeling.” “I’m always looking at pieces and finding things, but I was trying to create individuality in my style.” Santana, whose film credits in- don’t live and die at Barneys,” she said. Santana, 31, said she would often spice things up by clude “Beverly Hills Chihuahua 3,” Shoes are Santana’s favorite accessory, however, and adding accessories such as knee-high socks or funky shoes. said the same rule applies if she expects to be snapped she isn’t afraid to splurge on footwear from designers such Sometimes she would even belt her dress and shorten its by paparazzi. If her mood dictates a day in Alo Yoga as Gianvito Rossi and Alexander Wang. Slipping on a length. workout clothes and sneakers, then she’s not afraid to be different pair of shoes is the easiest way to change up an Customizing her uniform, she said, was a way to ex- photographed dressing down. outfit, she said. press her own personality, something she still does today. Given her distaste for uniform dress, the entrepre- “I spend more money on shoes than my mortgage,” “I’ve never been an overly provocative dresser (or) a neur said she likes to mix up her styles often. For exam- Santana joked. “It’s almost embarrassing.” super trendy dresser,” she said. “I’ve always been someone ple, Santana toughened up the feminine Kate Spade top – Subrina Hudson PHOTOS BY THOMAS WASPER 30 LOS ANGELES BUSINESS JOURNAL COMMENTARY OCTOBER 10, 2016 Tur n i ng the Chan nel E all knew is, by some accounts, heading into its golden na. So the big producers – the studios, their bleak. That looming long tail of TV viewers the expansion years. After one more year of feeding the con- competitors in the streaming realm, and cable – the narrow, deep core of committed viewers Wcouldn’t go tent beast, the domestic market will be saturat- channels – will likely turn their attention to shows on AMC or Netflix are able to attract on forever. Demand is up, ed, the finite pool of ad dollars will be spread those markets to feed their bottom lines. – offers a great opportunity. Regardless of money is flowing – it’s as thin as possible, and viewers will have That’s OK for HQ, but not that great for how the programming is delivered, its creators been a heady cycle. Now, become completely siloed into small pools of the regional production industry. Tax incen- know ever more about viewers. they tell us, activity will superfans of shows no one else watches. tives may play a part in luring production back Whether your production slate is supported JONATHAN fall by as much as 20 The result will be plummeting domestic from North Carolina, but when the wheels by subscription fees or ad dollars, being able DIAMOND percent in the next year production. That, at least, is the prediction of fall off the American bus and programming is to make the case that you are putting it in front or so. FX Network President John Landgraf. being made in France for French audiences, of quality eyeballs is a luxury the old broad- The housing market? No – well, not quite Now, it’s not all bad news. There are plenty all the tax breaks in the world won’t bring cast networks never had when the Nielsen box yet, anyway. of markets overseas clamoring for American production back. was the sole source of viewer data. And that’s The “Golden Age” of television production programming, many of them not named Chi- Which is not to say the future is entirely an elevator pitch that leads to the bank.

LABJ FORUM LOS ANGELES BUSINESS JOURNAL POLL The La Kretz Innovation Campus opened Should the city be Should the city be backing a clean-tech incubator? Cleaning Up downtown Friday, part of a push by the backing a clean-tech city of Los Angeles to create a clean-tech incubator? In Los Angeles corridor. So the Business Journal asks: 63% No, let the MATT KOVACS JOHN PASSANANTE DAVEY THOMAS private sector 37% handle this— President Senior Principal Co-Founder Yes, it’s a low- city resources Blaze Public Relations Syska Hennessy Group Eskape Mate impact way to are better spent jump-start an elsewhere. Of course. The city should Yes, we should continue to In California especially, important part of do everything it can to build upon California’s having a green initiative the economy. bring jobs, entrepreneurs, and venture strong foundation of clean-energy of any kind is important. I think that it capitalists in the sector to the region. leadership. The city should maintain its is fantastic that L.A. has invested so If this can help to drive innovation and position of holding the world’s leading much into this project. With all of the growth of Los Angeles’ green econ- clean-tech incubator, while continuing climate and resource issues our part of omy, I think it would be a worthwhile to lead other major cities in achieving the state faces, investing in this center investment. energy goals. is investing in our children. Online results for week ended Oct. 5.

LOS ANGELES BUSINESS JOURNAL ®

Matthew A. Toledo PUBLISHER & CEO [email protected] | ext. 207 Jonathan Diamond Sally Jones Anna Magzanyan EDITOR PRODUCTION DIRECTOR EVP, SALES AND MARKETING [email protected] | ext. 200 [email protected] | ext. 243 [email protected] | ext. 218

MANAGING EDITOR Paul Eakins [email protected] | ext. 228 • MANAGING EDITOR Omar Shamout [email protected] | ext. 225 DIGITAL EDITOR Chelsea Schreiber [email protected] | ext. 235 • NEWSDESK EDITOR Tom Hicks [email protected] | ext. 223

REPORTERS Caroline Anderson [email protected] | ext. 229 • Kristin Marguerite Doidge [email protected] | ext. 226 Howard Fine [email protected] | ext. 227 • Hayley Fox [email protected] | ext. 263 • Subrina Hudson [email protected] | ext. 251 Henry Meier [email protected] | ext. 221 • Garrett Reim [email protected] | ext. 232 • Daina Beth Solomon [email protected] | ext. 237 CHIEF EDITORIAL PHOTOGRAPHER Ringo H.W. Chiu [email protected] | ext. 256 • RESEARCH DIRECTOR David Nusbaum [email protected] | ext. 236

ART ART DIRECTOR Jennifer Rzepka [email protected] | ext. 212 PRODUCTION ARTIST Kristin Skaggs-Kirby [email protected] | ext. 242 • PRODUCTION ARTIST Alyssa Vargas [email protected] | ext. 212

EVENTS MANAGERS Ashley Gibson [email protected] | ext. 203 • Adrienne Toumayan [email protected] | ext. 253

AUDIENCE DEVELOPMENT CIRCULATION MANAGER Zainabu Bryant [email protected] | ext. 244 Darrin Sennott Ellen Mazen VICE PRESIDENT, LOCAL SALES NATIONAL ADVERTISING SALES MANAGER [email protected] | ext. 220 [email protected] | ext. 240

ADVERTISING ACCOUNT MANAGERS Helya Askari [email protected] | ext. 210 • Elizabeth Gravier [email protected] | ext. 234 Eva Juse [email protected] | ext. 222 • Dominic Kiles [email protected] | ext. 247 Monica Mulcahy [email protected] | ext. 201 • Jim Slater [email protected] | ext. 209 • Karen Taylor [email protected] | ext. 252 CLASSIFIED SALES MANAGER Rosz Murray [email protected] | ext. 215 • ADVERTISING COORDINATOR Maria Santizo [email protected] | ext. 216 Nancy Schwartz CONTROLLER [email protected] | ext. 202

ACCOUNTS RECEIVABLES SPECIALIST Elfleda DiPietro [email protected] | ext. 231 ADMINISTRATIVE MANAGER Elise Lovett [email protected] | ext. 249 • RECEPTIONIST Denisse Ruiz [email protected] | ext. 0

HEADQUARTERS 5700 Wilshire Blvd., Suite 170 • Los Angeles, CA 90036 • PHONE (323) 549-5225 • FAX (323) 549-5255 • CUSTOMER SERVICE (855) 293-9394 www.labusinessjournal.com OCTOBER 10, 2016 INDEX LOS ANGELES BUSINESS JOURNAL 31

RINGO H.W. CHIU/LABJ Ready to Roll: Chief Exec Pete Grande at Vernon plastic bag manufacturer Command Packaging, which has invested in producing multiple-use bags.

PEOPLE Depardieu, Gérard ...... 1/26 H Murray, Mark ...... 1/27 S Hansen, Shawn ...... 12 DeRoma, David ...... 1/26 N Santana, Cara ...... 29 Haque, Amir...... 1/26 A Devlin, Ryan ...... 1 Nelson, Willie...... 1/28 Shapiro, Elinor ...... 12 Hearing, Arden...... 6 Donaldson, Eddie...... 1/28 Nester, Jud ...... 1/28 Soon-Shiong, Patrick ...... 14 Acquistapace, Kyle...... 1/26 Hull, Rich...... 1/26 Donat, Lucas ...... 1/26 Staggers, Barbara ...... 5 Allende, Isabel ...... 14 O K Staley, Kevin ...... 24 B Donoso, Noemi ...... 5 Oakley, Eloy...... 5 Dooley, Tom ...... 10 Kiloh, Jerred ...... 8 Steyer, Tom ...... 27 Bay, Willow ...... 14 Kovacs, Matt ...... 30 Obama, Barack ...... 12 Blaze Public Relations ...... 30 Dube, Clayton ...... 6 T L P Talag, Mat ...... 14 Borodkin, Lisa ...... 12 F Lady Gaga...... 14 Padilla, Sofia ...... 6 Thomas, Davey ...... 30 Brown, Jerry ...... 8 Ferro, Michael ...... 14 Park, Andy ...... 3 Burgeson, Jill...... 1/26 Landau, Neil ...... 1/26 Torlakson, Tom...... 5 Franceschini, Susan...... 1/26 Landgraf, John ...... 1/26, 30 Passanante, John ...... 30 C Freston, Tom ...... 10 Laris, Sue ...... 4 Powell Jobs, Laurene...... 15 V Cam’ron...... 1/28 Lennon, Chauncy...... 5 Vorst, Keith ...... 1/27 G R Chang, Eddie ...... 6 Linietsky, Larry ...... 28 W Galperin, Ron...... 9 Randels, Scott ...... 15 Chernis, Michael ...... 8 Lustig-Bower, Laurie ...... 6 Redstone, Sumner ...... 10 Waxman, Sharon ...... 14 Gatto, Marianna...... 14 Clark, Steven ...... 5 Lynton, Michael ...... 14 Resnick, Lynda ...... 5 Weitman, Gary...... 24 Conner, Lindsay ...... 10 Gehry, Frank ...... 24 M Resnick, Stewart ...... 5 Crump, John ...... 24 Y Gibbs, Freddie ...... 1/28 Martin, Joseph...... 14 Rezaian, Jason ...... 14 Csathy, Peter ...... 1/26 Yau, Cedric ...... 3 Goldberg, Whoopi...... 1/28 Medvetz, Tom ...... 15 Richmond, Rick ...... 12 D Grande, Peter...... 1/27 Moonves, Leslie...... 10 Robak, Warren...... 15 Z Dauman, Philippe...... 10 Greif, Lloyd ...... 14 Murphy, Mary ...... 10 Rowett, Nicole ...... 1/26 Zucker, Gillian ...... 14

COMPANIES, Crown Poly Inc...... 1/27 Hilex Poly Co...... 1/27 Monique Lhuillier...... 29 T ASSOCIATIONS, ETC. D Historic Italian Hall Foundation...... 14 Montage Beverly Hills ...... 14 TBWA\Chiat\Day ...... 1/26 Honest Co...... 1/26 Dachshund Rescue of Los Angeles ....3 N TheWrap ...... 14 Huffington Post ...... 14 Dalian Wanda Group ...... 14 National Amusements Inc...... 10 ThinkLA ...... 1/26 This Bar Saves Lives ...... 3 A Deutsch LA ...... 1/26 I National Basketball Association ...... 14 Dow Chemical ...... 1/27 Isabel Marant...... 29 Nestdrop ...... 1/28 Toms Shoes...... 3 Advanced Polybag Inc...... 27 Touch of Modern ...... 3 Advertising Age ...... 1/26 Downtown Business Italian American Museum of Netflix Inc...... 1/26, 30 Improvement District ...... 6 Los Angeles ...... 14 Nixon Peabody...... 12 Tribune Media ...... 24 Albertson’s...... 27 tronc ...... 14 Alexander Wang...... 29 E J O TrueCar Inc...... 1/26 Alo Yoga...... 29 Edesida ...... 3 Jamison Services ...... 6 Oceanwide Holdings Co...... 6 Trumark Urban...... 6 Anonymous Content...... 15 Emerson Collective ...... 15 Jenner & Block ...... 12 Olam International ...... 5 Twentieth Century Fox Film Corp...... 10 Anschutz Entertainment Group...... 6 Emmaus Life Sciences Inc...... 15 Jobs for the Future ...... 5 Onni Group ...... 24 Ernst & Young ...... 3 Jones Lang LaSalle ...... 24 U Asos ...... 29 P Eskape Mate ...... 30 JPMorgan Chase ...... 5 UC San Diego ...... 15 AutoGravity ...... 1/26 Paramount Pictures ...... 10 UCLA ...... 1/26 B F K Pen Center USA ...... 14 UCSF Benioff Children’s BallerYoga ...... 3 Fendi ...... 29 Kate Spade ...... 29 Penwood Real Estate Hospital Oakland ...... 5 Barneys ...... 29 Formosa Plastics Corp...... 27 KPM Tech Co...... 15 Investment Management ...... 24 United Cannabis Business Alliance Bloomberg Television...... 14 FX Networks ...... 1/26 Pongalo ...... 1/26 L Trade Association ...... 8 Bolthouse Farms ...... 1/26 G LA BioMed...... 4 Privateer Holdings ...... 1/28 Public School...... 29 Universal Media Access KFWB-AM . . . 15 C Gannett ...... 14 Lakers ...... 6 USC...... 4, 6, 10 California Grocers Association ...... 27 Gensler ...... 14 Leafly ...... 1/28 R USC Norris Cancer Center ...... 4 Californians Against Waste...... 1/27 Gianvito Rossi ...... 29 Levy Restaurant...... 14 Ralphs/Food 4 Less ...... 27 Utah Jazz...... 14 Calvin Klein ...... 29 Glam App...... 29 Linebacker Data ...... 3 Rand Corp...... 15 V Campbell Soup Co...... 1/26 Goldman Sachs ...... 10 Los Angeles Cannabis Task Force .....8 Ratkovich Co...... 24 Viacom Inc...... 10 Cathay Bank ...... 6 Google Inc...... 24 Los Angeles Clippers ...... 14 Reliance Steel & Aluminum Co...... 15 CBRE ...... 6 Greenland Holding Group...... 6 Los Angeles County-USC Roplast Industries ...... 1/27 W Greif & Co...... 14 Medical Center ...... 4 CBS Corp...... 10 S Walsworth ...... 3 Grimmway Farms ...... 5 Los Angeles Department of CBS Films ...... 10 Sanford C. Bernstein Co...... 10 Warby Parker...... 3 Grow Division ...... 1/28 Water & Power ...... 9 CBS Television ...... 10 SCS Inc...... 15 Warner Bros. Entertainment Inc. . . 1/26, 10 Los Angeles Downtown News ...... 4 Chicago Bulls...... 14 H Shawmut Construction ...... 14 Whoopi&Maya ...... 1/28 Los Angeles World Airports ...... 9 Chloe...... 29 Hanil Vacuum Co. Ltd...... 15 Sikich ...... 15 Willie’s Reserve ...... 1/28 Lotus Communications Corp...... 15 Chroncierge...... 1/28 Hankey Investment Co...... 6 Snap Inc...... 4 Wilson Sporting Goods...... 3 CIM Group ...... 24 Harridge Development Group...... 24 M Sony Entertainment Inc...... 14 Wonderful Co...... 5 Cleveland Cavaliers ...... 14 Hasbro Inc...... 12 Magellan Group ...... 24 Southwestern Law School ...... 3 Y Coach ...... 29 HBO...... 1/26 Manatt Phelps & Phillips ...... 10 Starbucks ...... 3 YouTube...... 24 Command Packaging...... 1/27 HFF ...... 24 Marley Naturals ...... 1/28 Superbag Corp...... 27 Compass ...... 6 High Times ...... 28 Matt Construction Corp...... 24 Supermoon ...... 1/26 Z Creatv Media ...... 1/26 Higher Path ...... 8 Michael Kors ...... 29 Syska Hennessy Group ...... 30 ZGF Architects ...... 24

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. 32 LOS ANGELES BUSINESS JOURNAL OCTOBER 10, 2016

THE ART OF LIVING

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