BUSINESS
May 7, 2013 | By Tiffany Hsu and Chad Terhune, Los Angeles Times
Proposed legislation to remove junk food and sugar-loaded drinks from vending machines at California state office buildings and on government property is intensifying debate about when the battle against obesity becomes a gateway to "nanny state" tactics. Backers of the Assembly bill, AB 459, said California shouldn't condone the sale of fatty snacks and sodas in the workplace when taxpayers are already shelling out vast amounts to cover the healthcare costs of overweight government employees.
BUSINESS
May 5, 2013 | By Lauren Beale, Los Angeles Times
On busy Pacific Coast Highway in Malibu, some well-kept facades conceal a secret. Behind the Mediterranean with wooden doors, the white stucco two-story with a red tile roof, the long wall obscuring a three-structure compound, hides a singular, massive wealth fueled by obsession. This is Larry Ellison territory, where a Bay Area billionaire with seemingly endless patience and resources is buying up the best spots along Malibu's 21 miles of coast. PHOTOS: Expensive things Ellison has bought The Oracle Corp.
BUSINESS
April 26, 2013 | By Roger Vincent, Los Angeles Times
The head of the firm that wants to buy some of downtown Los Angeles' biggest skyscrapers is bullish about its long-stagnant office market. "We like the direction the market is heading and think it will be improving quarter over quarter. " Dennis Friedrich, chief executive of Brookfield Office Properties Inc., told industry analysts Friday. "Around the globe there has been a trend toward growth in urban centers and L.A. is looking at this over time. " "We are being realistic about the downtown market," he added.
BUSINESS
April 26, 2013 | By Roger Vincent, Los Angeles Times
Five of the 10 tallest skyscrapers in Los Angeles will soon be controlled by a Manhattan real estate company in one of the biggest shake-ups of the downtown commercial real estate market in decades. Brookfield Office Properties Inc. has agreed to pay about $430 million for four prominent buildings on the urban skyline, including Gas Company Tower and Wells Fargo Tower on Bunker Hill. The pending deal would mark the end of MPG Office Trust Inc., one of Southern California's most celebrated office developers.
CALIFORNIA | LOCAL
April 24, 2013
An Orange County Superior Court judge has prohibited a man accused of gunning down a doctor from transferring his properties to relatives, according to an attorney for the victim's family. Stanwood Elkus, 75, of Lake Elsinore, stands accused of killing Ronald Gilbert, 52, of Huntington Harbour, in the doctor's office in Newport Beach in January. Gilbert's wife of 23 years, Elizabeth Gilbert, and his two sons won a temporary restraining order against Elkus on April 4 after filing a wrongful-death claim and accusing him of defrauding them by attempting to give seven of his eight properties to his sister, according to Edward Susolik, the Gilbert family's attorney.
CALIFORNIA | LOCAL
April 23, 2013 | By Jack Dolan, Los Angeles Times
The corruption investigation into the Los Angeles County assessor's office broadened Tuesday with prosecutors filing dozens of new charges against embattled Assessor John Noguez, one of his former top aides and a tax consultant. The three were originally arrested in October in an alleged scheme to trade bribes for lower property tax bills, costing the county $1.16 million in revenue. The new charges filed Tuesday bring the alleged loss to $9.8 million, prosecutors said. Noguez is Los Angeles County's elected assessor, responsible for determining the taxable value of more than 2.3 million pieces of real estate.