October 9, 2001 |
After massive aerospace cutbacks and the recession of the early 1990s, the South Bay's commercial real estate market remade itself and rebounded strongly by attracting a more diverse and entrepreneurial group of tenants. Now, landlords and real estate investors are counting on that diversity to soften the effect of a slowing economy.
June 25, 2001 |
California Amforge Corp.'s operations were idle last Monday because of the energy crisis, even though the region wasn't experiencing a power emergency. The Azusa manufacturer of aerospace parts has worked out a deal with Azusa Light & Water, or AL&W, to shut down every Monday, all summer long, to help the municipally owned utility meet an obligation to trim customer demand. In hindsight, the company closed a whole day for nothing: The state's power grid had plenty of electricity.
March 13, 2001 |
Months of body blows to the dot-com sector and other downward pressures on the technology sector have yet to humble landlords who cater to tech firms along a stretch of the Ventura Freeway where Los Angeles and Ventura counties meet. Large companies are still searching for empty space in the 30-mile cluster of communities--including Camarillo, Thousand Oaks, Westlake Village, Agoura Hills and Calabasas--known collectively as the 101 Technology Corridor.
March 2, 2001
The USC Business Expansion Network has received more than $530,000 in federal funding to operate a Business Development Center serving central Los Angeles County. The center will be able to help more local businesses with entrepreneurial training and one-on-one business consulting. For more information, contact (213) 821-2100.
CALIFORNIA | LOCAL
December 28, 2000 |
Working at the epicenter of the Los Angeles Internet slowdown, Brenda Arechiga watched friends lose their jobs as Hollywood dot-coms went dot-bomb. But when she was called into the Venice offices of her entertainment information Web site and let go in a round of layoffs a few weeks ago, "I was just astounded," Arechiga said. "I was in a daze. I thought I was one of my CEO's key people.
CALIFORNIA | LOCAL
August 14, 2000 |
More than 30 years ago, Joseph A. Thomson bought a small Burbank industrial property for his growing business, assured by federal nuclear regulators that the site was free of radioactive contamination. Officials now acknowledge that the property contains hazardous atomic waste left behind by previous occupants and that the government erred decades ago in certifying it as safe. They are demanding that the 85-year-old retiree pay millions of dollars in cleanup costs.