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| August 21, 2017

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Los Angeles developer David Wilstein dies at 89

July 13, 2017 |

David Wilstein — founder of a prominent Los Angeles development firm — died Sunday. He was 89.

Since establishing Realtech Construction Co. in 1976, Wilstein had overseen more than 100 projects, including high-rise office towers, medical buildings, apartments, hotels and shopping centers.

Wilstein’s…


L.A. Times – Business

Los Angeles seeks $1.45 million from Carl’s Jr. for alleged minimum-wage violations

June 26, 2017 |

Los Angeles city officials alleged Monday that fast-food chain Carl’s Jr. failed to pay the minimum wage to three dozen local workers for six months and is demanding $ 1.45 million in fines and restitution.

“L.A. law is clear: Employees must be paid at least the minimum wage,” City Atty. Mike Feuer…


L.A. Times – Business

Wilshire Grand Center, tallest skyscraper in the West, debuts in downtown Los Angeles

June 24, 2017 |

At 1,100 feet and the tallest building west of the Mississippi, L.A.’s newest skyscraper is hard to miss.

With a sweeping sail of a roofline, it stands out by day among the flat tops of its tall rivals and is illuminated at night with an enveloping expanse of ever-changing colored lights.

But for…


L.A. Times – Business

Dearden’s furniture stores to close after 108 years in Los Angeles area

June 1, 2017 |

Furniture retailer Dearden’s, one of Southern California’s oldest businesses, said Thursday that it will close its eight stores and wind down operations over the coming weeks.

Founded in 1909, the Los Angeles-based chain sold furniture, appliances and other home goods to a predominantly lower-income…


L.A. Times – Business

Weed Whacker Sparks Fire in Ritzy Part of Los Angeles

May 29, 2017 |

More than 150 firefighters battled a 30-acre brush fire on a Los Angeles hillside on Sunday that investigators said was sparked by a weed whacker, the AP reports. The fire, which triggered the evacuation of five homes, broke out on a steep chaparral-covered hillside of Mandeville Canyon above Brentwood and…
Newser

Hip-hop radio station Power 106 in Los Angeles sold for nearly $83 million

May 10, 2017 |

Emmis Communications has agreed to sell its prominent Los Angeles radio station KPWR-FM (105.9) for $ 82.75 million to the privately held Meruelo Group of Downey.

The station, known as Power 106, is one of Los Angeles’ top-ranked stations and a longtime leader in hip-hop music.

“Power 106 has been…


L.A. Times – Business

Los Angeles tourism board to spell it out: Everyone is welcome

May 7, 2017 |

Travelers flying into Los Angeles International Airport on Saturday will get an unusual welcome to the city, even before their planes touch the ground.

Hundreds of volunteers working with the Discover Los Angeles, the area’s tourism board, plan to stand in a park just north of the airport’s runways,…


L.A. Times – Business

Longshore union is offered a contract extension at ports of Los Angeles and Long Beach

May 1, 2017 |

The Pacific Maritime Assn., which represents terminal operators and shipping companies at the ports of Los Angeles and Long Beach, has formally proposed a three-year contract extension to the International Longshore and Warehouse Union.

The current contract expires July 1, 2019.

“PMA can confirm…


L.A. Times – Business

With Delta relocation at LAX, airline’s CEO hopes to win over more Los Angeles fliers

April 30, 2017 |

Delta CEO Edward Bastian says Delta wants to compete by offering better service.
L.A. Times – Business

Los Angeles top choice in the country for international real estate investors

March 21, 2017 |

Los Angeles is in a sweet spot in its real estate cycle that will make it one of the top choices in the world for buying property this year, a new report says.

The L.A. area ranked number one in North America in a survey of global real estate investors who have a combined total of $ 1.7 trillion…


L.A. Times – Business