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| July 26, 2017

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L.A. Archives -

Plan calls for L.A., Long Beach ports to go to zero-emissions technology; cost could hit $14 billion

July 20, 2017 |

The nation’s largest port complex will seek to slash air pollution and health risks to Southern Californians by replacing diesel trucks and cargo equipment with zero-emissions technology over the next two decades, according to a plan released Wednesday.

The Long Beach and Los Angeles ports’ Clean…


L.A. Times – Business

Massive Metropolis condo complex ushers in a new era of residential development in downtown L.A.

July 13, 2017 |

The first condominium tower in Metropolis, one of the biggest real estate developments in Los Angeles history, officially opens Thursday amid a wave of construction that is crowding the downtown skyline with new tall buildings.

The long-anticipated $ 1-billion luxury condo-and-hotel complex rising…


L.A. Times – Business

Olympic Committee Clears Path for Paris in 2024, L.A. in 2028

July 13, 2017 |

The IOC voted to award the next two Summer Games simultaneously in September, a dramatic move as the committee tries to position the event for the future
WSJ.com: What’s News Europe

Apartment complex near downtown L.A. sells for more than $80 million

July 11, 2017 |

A recently built Wilshire Boulevard apartment complex has sold for more than $ 80 million as residential development spreads west from downtown Los Angeles into the city’s historic Westlake district.

Beverly Hills developer Sonny Astani said he sold the 218-unit Wilshire Valencia apartments at 1515…


L.A. Times – Business

L.A. construction giant Aecom beefs up to tackle infrastructure projects

July 8, 2017 |

Los Angeles engineering and construction giant Aecom will acquire an Oakland-based civil construction firm, looking to take advantage of increased infrastructure spending in California and across the Western United States.

The $ 175-million deal for Shimmick Construction comes as voters in the Western…


L.A. Times – Business

Paul Matt, builder of the Broad museum and other L.A. landmarks, dies at 85

July 6, 2017 |

Builder Paul Matt — whose firm constructed the Broad art museum and other L.A. landmarks — died Friday after a nine-week battle with cancer. He was 85.

In a career that spanned seven decades, Matt worked on the Salk Institute in San Diego and the Crystal Cathedral in Orange County before co-founding…


L.A. Times – Business

How a tiny L.A. cybersecurity firm pulled the plug on a global ransomware attack

June 29, 2017 |

Salim Neino had been waiting for something like WannaCry.

Fast, indiscriminate and disruptive, the computer infection locked up computers in British hospitals and was spreading across the world when Neino’s company Kryptos Logic stepped into the ring.

One of his researchers found a so-called kill…


L.A. Times – Business

L.A. City Council takes first step to make evictions harder

June 29, 2017 |

If a landlord wants to evict a tenant, the process can be simple. In many cases in Los Angeles, and across California, property owners only have to state they are ending the lease.

No justification is needed — only notices of at least 30 days to provide some time to move out.

Now, amid an affordable…


L.A. Times – Business

$2-million settlement ends accusations that L.A. credit-repair firms misled consumers

June 28, 2017 |

Credit-repair services promise to help consumers fix their credit scores, but there’s only so much they can do. They can help clear up inaccurate or outdated information on a consumer’s credit report, but they can’t erase legitimate dings.

But the Consumer Financial Protection Bureau alleged that…


L.A. Times – Business

L.A. County median home price breaks record set during last decade’s housing boom

June 21, 2017 |

In summer 2007, the Los Angeles County median home price hit an all-time high of $ 550,000. It soon plunged as the housing bubble burst and the national economy crashed.

Now the median, the point where half the homes sold for more and half for less, has finally passed the heights of 10 years ago…


L.A. Times – Business