Los Angeles Business Journal back issues from July 1995:
New owner taking over Water Garden. (J.P. Morgan Investment Management Inc.; Los Angeles office property)
Jul 03, 1995; ... J.P. Morgan unit to buy mortgage, gain controlIn the biggest L.A. office property purchase so far in the 1990s, a real estate investment fund affiliated with New York banking firm J.P. Morgan & Co. Inc. is buying a controlling interest in the first phase of Santa Monica's Water ...
Small stores slam cellular discounters, phone firms. (Los Angeles County, California)
Jul 03, 1995; ... Small, independent retailers of cellular telephones in Los Angeles County claim they are being deliberately driven out of business by mass merchandisers and phone service providers who are allegedly violating state laws.At issue are sales promotions by the big chain stores that ...
Steadicam really makes movies move. (camera-stabilizing system from Cinema Products Corp.)
Jul 03, 1995; ... As actor Brian Leckner swims across a rugged stream, the camera follows his every move, gliding only inches above the waterline. Finally Leckner reaches the other side, and stretches out his arm to pull himself onto shore.Only instead of a rock, the actor grabs the foot of actor ...
AQMD tilts toward ending carpool rule. (South Coast Air Quality Management District)
Jul 03, 1995; ... A majority of the South Coast Air Quality Management District board members have voted to support two bills in the state Legislature which would essentially eliminate "the carpool rule."The full board is scheduled to formally vote on its position on the state bills - SB 772 and SB ...
Proposals surface for future shipyard uses. (Long Beach Naval Shipyard)
Jul 03, 1995; ... As some fight to save facility, others float alternativesA private shipyard, expansion of the Port of Long Beach or maybe a football stadium - those are some of the possible uses of the 350-acre Long Beach Naval Shipyard if the facility is indeed closed, according to elected ...
Former California Pizza Kitchen staffer files sex discrimination suit. (California Pizza Kitchen Inc.)
Jul 03, 1995; ... California Pizza Kitchen Inc. is embroiled in a legal battle in which a former employee recently filed suit alleging sexual harassment and discrimination against the company, its owners and one owner's brother. A week earlier, the restaurant company filed suit against the employee, alleging ...
Entertainment unions approve new contract.
Jul 03, 1995; ... SAG, AFTRA members to get hike in minimum payMembers of the Screen Actors Guild and the American Federation of Television and Radio Artists have overwhelmingly approved a new three-year contract granting performers an 11 percent minimum pay increase for most television and motion ...
Backers, critics clash over electric car future.
Jul 03, 1995; ... Hearings review regulatory order set for 1998Leaders of California's fledgling electric car industry are concerned that a state agency's regulation mandating that electric vehicles make up 2 percent of all cars marketed in California in 1998 is in jeopardy of being eliminated. ...
Locals lose bidding for Sumitomo property. (Sumitomo Bank of California)
Jul 03, 1995; ... Southland assets dominate $280 million packageLocal real estate investors have lost out in a bid to acquire a gigantic portfolio of California assets being peddled by San Francisco-based Sumitomo Bank of California, which sold the properties instead to a New York investment bank. ...
MTA failed to test before tunnel realignment. (Metropolitan Transportation Authority; soil test)
Jul 03, 1995; ... It passed on sinkhole site even after quake woesDespite the sinkage along Hollywood Boulevard in the summer of 1994, which the Metropolitan Transportation Authority blamed on soil conditions brought on by the Northridge earthquake, the MTA did no soil tests before it set about ...
Hartshorn scores at UniHealth. (UniHealth America CEO Terry O. Hartshorn)
Jul 03, 1995; ... After building a major subsidiary for the health care services firm, he became UniHealth America's CEO and has injected a new management styleBut for fate, UniHealth America CEO Terry O. Hartshorn's name might have been associated with Jack Nicklaus and Arnold Palmer. ...
Realtor group reports home sales rise following drop in interest rates. (California Association of Realtors)
Jul 03, 1995; ... Lower interest rates may be boosting what has been a dreary 1995 home sales market in Los Angeles County and statewide, according to a report issued last week by the California Association of Realtors.Sales of single-family homes were up 10.5 percent in L.A. County and 5 percent in ...
EPA eases up on smog-check test sites issue.
Jul 10, 1995; ... U.S. Environmental Protection Agency officials have agreed to accept a state plan which will require 15 percent of all cars in the smoggiest parts of the state to be "smog checked" at government-run testing sites.Originally the EPA wanted California to send all cars in the L.A., ...
Box office sets new three-day weekend record; 'Apollo 13' opens big, with other films not far behind.
Jul 10, 1995; ... The June 30 to July 2 weekend was one for the box office record books, with Universal Pictures' "Apollo 13" leading the way to the highest grossing three-day weekend ever.Christopher Borde, associate analyst with entertainment industry research firm Paul Kagan Associates' Los ...
Tarantino snubs big film union. (Quentin Tarantino)
Jul 10, 1995; ... "Pulp Fiction" co-producer/director Quentin Tarantino is challenging conventional Hollywood wisdom by shooting his current project - "From Dusk Till Dawn" - with a non-union crew.Tarantino is executive producer on the film to be distributed by Miramax Films, with Lawrence Bender as ...
Panavision signs $20 million long-term lease.
Jul 10, 1995; ... It will move to Warner Center Dataproducts siteIn one of the San Fernando Valley's bigger lease transactions in recent years, noted cinematography equipment maker Panavision Inc. will relocate its headquarters from cramped Tarzana offices to 152,454 square feet at the current ...
Southland trade firms breathe easier as U.S.-Japan flap ends. (Los Angeles Metropolitan Area)(Column)
Jul 10, 1995; ... The Japan-U.S. trade agreement reached June 28 alleviated concerns in the Southland that U.S. sanctions on Japanese automobiles could have escalated into a broader trade war with widespread effects.And the crisis in general had little direct impact on at least a sampling of ...
Civil disturbance. (civil case backlog in California courts)(Special Report: Law & Accounting)
Jul 10, 1995; ... When California voters approved the so-called "three strikes" law that increased penalties for repeat felons, most people expected a case backlog to build in the criminal courts. But 16 months after the law took effect, another unanticipated and potentially devastating consequence has ...
Corporations turning more in-house functions over to Big Six accountants.(Special Report: Law & Accounting)
Jul 10, 1995; ... In the drive to downsize, many big corporations are focusing their reduced resources on core business activities and increasingly turning to Big Six accounting firms to perform a number of functions that formerly had been handled in-house, industry sources said.The most often ...
GM tax victory spells rebates for many firms. (General Motors Corp. wins tax case against the city of Los Angeles, CA)
Jul 24, 1995; ... A large number of businesses that sell products in the City of Los Angeles may be eligible for millions of dollars in city tax rebates, under a state appellate court ruling rendered last month.The city has filed a petition for reheating and still may appeal the ruling in the case ...
Historic bond issue sought for huge Playa Vista plan. (financing for planned Los Angeles real estate development)
Jul 24, 1995; ... City to go after Mello-Roos development fundsThe City of Los Angeles is preparing to go to market with its first-ever Mello-Roos Community Facilities District bond sale - to pay for public improvements at the massive Playa Vista development site near Marina del Rey.The ...
Hollywood Park plugs ahead on Inglewood football stadium. (Hollywood Park Inc.)
Jul 24, 1995; ... Hollywood Park Inc. is moving ahead with plans to build a 65,000-seat outdoor football stadium in Inglewood, Chairman R.D. Hubbard said last week.He said the company will soon begin necessary environmental studies on the site of the proposed stadium, which is to be ready for the ...
Sales zooming for car-parts specialist. (Edelbrock Corp.)
Jul 24, 1995; ... Edelbrock Corp., which makes parts for high-performance vehicles, shifted into top gear this past year - boosting revenues by 26 percent, staging an initial public offering of stock and making an acquisition.Torrance-based Edelbrock Corp. manufactures manifolds, carburetors and ...
Largest sale of 1990s closes in 2nd quarter. (acquisition of USA Nestle Inc.'s headquarters by Douglas Emmett Realty Advisors)(Special Report: Real Estate)
Jul 24, 1995; ... Nestle USA headquarters sells for $115 millionL.A. County's biggest office property sale of the 1990s was transacted during the second quarter of 1995, and principals finalized terms of an even bigger investment transaction. But despite those highlights, commercial real estate ...
New Times Mirror CEO scraps 2 dailies, to cut L.A. Times staff. (Mark H. Willes; New York Newsday; Morning Call)
Jul 24, 1995; ... New Chief Executive Mark H. Willes has wasted no time shaking things up at Times Mirror Co., closing one of the company's newspapers in less than two months on the job and announcing the elimination of 700 positions at the Los Angeles Times by year-end.On July 16, Times Mirror shut ...
MTA vulnerable to corruption, study says. (Los Angeles County Metropolitan Transportation Authority)
Jul 24, 1995; ... Investigation highlights potential for fraud, briberyMetropolitan Transportation Authority contracting policies leave the MTA vulnerable to possible bribery and fraud, according to an audit conducted by the National Institute of Governmental Purchasing earlier this year. ...
Union threatens to disrupt Bonaventure. (Hotel Employees and Restaurant Employees International Union; Westin Hotel Bonaventure, Los Angeles, CA)
Jul 24, 1995; ... It is wary of hotel's prospective Taiwan buyerA local union has threatened industry disruptions if it was forced out under the proposed new ownership of the Westin Bonaventure Hotel & Suites in downtown Los Angeles.Local 11 of the Hotel Employees & Restaurant Employees ...
Biggest active development project in Los Angeles County gets started. (Ritter Ranch)(Special Report: Real Estate)
Jul 24, 1995; ... Construction began during the first week of July on Ritter Ranch, the $1.4 billion residential community planned for 11,500 acres on the remote western reaches of Palmdale, in the Antelope Valley.Richard Worthington, vice president of community development for Ritter Ranch Co., the ...
Asian, European buyers get active in L.A. (real estate acquisitions)(Special Report: Real Estate)
Jul 24, 1995; ... Acquisition trend to continue through end of yearWith L.A.-area real estate prices still ratcheting downward, investors from Asia and Europe are snatching up an increasing number of local properties. Foreign firms recently purchased several high-visibility properties in L.A ....
Kennedy-Wilson bids for new direction.(Special Report: Real Estate)
Jul 24, 1995; ... But auctioneer has yet to disclose change plansChanges are afoot at Kennedy-Wilson Inc., the Santa Monica-based auction house. But exactly what those changes will be, how extensive they will be and when they will take effect remain to be seen.The company has referred to ...
Westside commercial property scene dominated by financial reshuffling. (Los Angeles County, CA)(Special Report: Real Estate)
Jul 24, 1995; ... Commercial real estate owners reshuffled their finances on a number of major Westside properties in the second quarter, and sources said the dynamic Westside market may soon be the site of a major new office development - which would be the first such development for L.A. County in more than ...
P.R. man to the stars. (Thomas A. Tardio, president of Rogers and Cowan Inc.)
Jul 24, 1995; ... Thomas Tardio, president of Rogers & Cowan, is widening the entertainment P.R. agency's activities into more consumer products fieldsThomas A. Tardio is talkative, affable and eager. As president and CEO of Rogers & Cowan - the quintessential entertainment industry publicity and ...
Tide turns in Mid-Wilshire market's favor. (leasing of office buildings in Los Angeles, CA)(Special Report: Real Estate)
Jul 24, 1995; ... It signs up tenants at expense of Miracle MileAn unusual reversal of fortune occurred along Wilshire Boulevard during the second quarter, with Miracle Mile tenants relocating to Mid-Wilshire instead of the other way around.The Mid-Wilshire office submarket has for years ...
Downtown L.A. experiences slow quarter. (Los Angeles office leasing market)(Special Report: Real Estate)(Industry Overview)
Jul 24, 1995; ... But several companies consider relocating thereFollowing a busy first quarter, the downtown L.A. office market was relatively quiet in the three months from April to June. But despite the slower activity, several companies from nearby L.A. County submarkets are actively considering ...
Mid-Cities gets active at two size extremes. (leasing of industrial buildings in Los Angeles County, CA)(Special Report: Real Estate)(Industry Overview)
Jul 24, 1995; ... Big-box, incubator spaces seeing strong demandThe Mid-Cities commercial real estate market was characterized during the second quarter by strong demand for industrial spaces at two opposite ends of the spectrum - "big box" and small "incubator" spaces, commercial brokers and ...
Disney's Buena Vista tallies record box office. (Buena Vista Pictures Distribution Inc.)
Jul 24, 1995; ... List reflects impact of blockbusters on bottom linesBuena Vista Pictures Distribution Inc. took in a record $1.01 billion total from the U.S. and Canadian box offices last year, becoming the first studio to break the $1 billion barrier and sending it to the top of The List of ...
San Fernando Valley industrial sector firms. (increased leasing of industrial buildings)(Special Report: Real Estate)(Industry Overview)
Jul 24, 1995; ... Its vacancy rate slips into single-digit territoryEchoing a trend that has surfaced in other parts of L.A. County, the San Fernando Valley is seeing strong growth in its industrial real estate sector while its office sector continues to sag.The vacancy rate for industrial ...
Los Angeles architects keep busy by catering to clients in far-off locales.(Special Report: Real Estate)(Industry Overview)
Jul 24, 1995; ... New commercial real estate development in L.A. has been virtually nonexistent for years, forcing local architectural offices to cast their nets farther afield to capture new business. Some firms are finding work in other states, some are doing public-sector projects, and nearly all are ...
Uncertainty persists over when Ventura County will resume growth.(Special Report: Real Estate)(Industry Overview)
Jul 24, 1995; ... The office and industrial markets of Ventura County chugged along slowly but steadily in the second quarter, continuing more than two years of nominal activity. The dearth of leasing and sales deals continues to be accompanied by a virtual absence of commercial construction activity, and ...
First aid for county budget? (Los Angeles County, California)
Jul 31, 1995; ... Private health care ventures may enter into partnerships with the government as a partial solution to Los Angeles County's budget crisis, county officials said last week.County Supervisor Zev Yaroslavsky told the Business Journal his office had been contacted by several private ...
Tutor Saliba tapped to finish Hollywood subway. (Tutor-Saliba Corp.; California)
Jul 31, 1995; ... Tutor Saliba Corp. will complete most of the construction work on the Hollywood subway tunnel left unfinished when contractor Shea-Kiewit-Kenny was fired by the Metropolitan Transportation Authority.The MTA's Board of Directors took action last week that virtually guarantees Tutor ...
Earthlink opens gates to Infonet. (Earthlink Network Inc.)
Jul 31, 1995; ... Fifteen months ago, Earthlink Network Inc. was nothing but a dream for 21-year-old Sky Dayton. Three months later, the company actually opened with two employees.This month, the high-tech company staffs up to 60 employees and next year it projects revenues of $20 million. As for ...
Two top Maguire Thomas execs quit to create real estate company. (Maguire Thomas Partners; Edward D. Fox and Richard I. Gilchrist)
Jul 31, 1995; ... Two senior partners of the powerhouse Maguire Thomas Partners real estate development organization - L.A.'s highest-profile office developer and one of the nation's most successful - are leaving the firm to establish their own "full-service" real estate operation.And at least two ...
Foreclosure looms for Watt City Center site. (Los Angeles, California)
Jul 31, 1995; ... Ambitious project stands as victim of down marketOwnership of the downtown L.A. property that veteran local builders Ray Watt and Kent Merselis spent much of the late 1980s and early-1990s trying to develop into the Watt City Center complex is scheduled to revert to lender Swiss ...
L.A. Times cuts many regional sections, eliminating 450 staffers. (includes related article)
Jul 31, 1995; ... At the beginning of the 1990s, the Los Angeles Times increased its focus on local coverage with a host of new, specialized regional sections.But as cutbacks ravaged the ranks of the newspaper's staff last week, those specialized sections - and with them much of the newspaper's ...
Recycling success boosts Long Beach company. (CasTech Aluminum Group Inc.)
Jul 31, 1995; ... CasTech converts cans to aluminum, productsEver wonder where that aluminum can goes that you just tossed in a recycling bin?It quite likely will be sent to a world-class Carson aluminum mini-mill now winning in world markets.Indeed, about 160,000 tons of ...
New movie venture united Henson, Columbia. (Jim Henson Pictures; Jim Henson Productions Inc.; Columbia TriStar Motion Picture Cos.)
Jul 31, 1995; ... Film company to focus on family entertainmentJim Henson Productions has teamed up with Columbia TriStar Motion Picture Cos. to create the new Jim Henson Pictures, an autonomous feature film company with a focus on family entertainment.The deal gives Jim Henson ...
Some cellular phone sellers ponder legal action.
Jul 31, 1995; ... Similar suit is about to go to trial in Orange CountySmall cellular phone retailers say they are preparing to file another big lawsuit in their ongoing dispute with mass merchandisers and service providers.A similar suit is scheduled to go to trial later this year in ...
Giving 'blue whale' a new look. (Pacific Design Center Pres. Andy Wolf)(Company Profile)
Jul 31, 1995; ... Pacific Design Center's new president, Andy Wolf, is navigating a new course by mixing fashion and furniture and inviting in the publicAble to verbally parry New York City-style but smooth as custard when wanting to charm, is Andrew "Andy" Wolf, new president of the resplendent but ...
Waging war on fraud. (workers compensation insurance fraud; California)(Special Report: Insurance)
Jul 31, 1995; ... The volume of workers' compensation insurance fraud in California has dropped dramatically - as much as 40 percent by some estimates - since the state passed two measures to reform the industry in the early 1990s.The measures employ a two-pronged public-private-sector approach to ...
Insurers vague on quake liability coverage. (California)(Special Report: Insurance)
Jul 31, 1995; ... Carriers avoid spelling out coverage for injuriesMost insurers detail very specifically in their policies the types of property damage they will and won't cover in the event of an earthquake. However, those same carriers are much more vague in defining coverage for quake-related ...
Auto insurers gird for Prop. 103 showdown. (California; Proposition 103)(Special Report: Insurance)
Jul 31, 1995; ... Commissioner must set new rules by SeptemberWhen Proposition 103 was approved by California voters, it mandated that insurers completely change the way they calculate premium costs for the state's drivers, giving primary weight to how well a person drives rather than to where he or ...
Belzbergs acquire American Capital assets. (William and Hyman Belzbergs; American Capital Investments Inc.)
Jul 31, 1995; ... Sale reveals controversial duo behind acquisitionThe sale of the real estate assets of former American Capital Investments Inc. has closed, and the buyers have been revealed to be former corporate takeover kings William and Hyman Belzberg of Beverly Hills and Vancouver, Canada. ...