March 9, 2014 |
Ask anyone about L.A. tech these days and they'll almost certainly point to Santa Monica and Venice, where hundreds of start-ups have emerged in the last few years. So-called Silicon Beach is home to Snapchat, sizable Google and Microsoft offices, and a growing number of venture capital firms and co-working spaces. Almost every night, tech entrepreneurs flock to networking happy hours and parties. Potential investors flock to demo days that showcase the latest start-ups. When BlackBerry Chief Executive John Chen and Google Executive Chairman Eric Schmidt came to town last week, it was for a glitzy tech confab in Santa Monica.
December 12, 2013 |
Historic Old Pasadena, a restored section of the city's downtown bustling with shops and restaurants, is getting more high-tech. Three older buildings at a busy intersection on Raymond Avenue will be transformed into a hub for budding technology firms in a real estate development backed by a prominent Silicon Valley entrepreneur and investor. David Sacks, who was instrumental in the launch of two $1-billion Internet companies, has joined Los Angeles developer Rising Realty Partners in a project to turn three century-old buildings into offices for tech firms.
November 30, 2013 |
In Venice, 25-year-old Snapchat co-founder Bobby Murphy has bought a new two-bedroom house for $2.1 million, or nearly double the median price of homes in the neighborhood. A few blocks away, a three-bedroom town house with a rooftop sun deck was just rented for $7,000 a month - a year ago, an identical unit was renting for $5,900. "Totally Silicon Beach living," the ad on Craigslist proclaimed. And farther south in Marina del Rey, hundreds of apartments were recently completed and aimed at drawing the tech crowd, with high-speed Internet in every unit, free Wi-Fi in common areas and an online application process.
November 13, 2013 |
Online bingo game manager Adam Carpenter wants a dog, and his apartment landlord is ready to roll out the red carpet for the prospective pooch. In Marina del Rey and upscale neighborhoods nearby, the drive is on to attract sophisticated tenants like Carpenter who work in the technology, media and entertainment businesses flourishing on the Westside. Dog runs, smoke-free apartments, fire pits, Wi-Fi, fully equipped gyms and pools are just a few of the amenities tailored for the creative set. A new addition is a splashy complex of 12 buildings with 544 apartments at the marina.
October 10, 2013 |
Los Angeles may not have the biggest collection of technology businesses in the country, but it does have some of the coolest ones and they are expanding quickly. The region's deeply rooted entertainment industry is wielding new technology to create computer games, dramas for online video services such as Netflix Inc., wacky monologues for YouTube and amusing mobile phone applications people use to pass the time. "We have the fun, sexy tech," said real estate broker Hayley Blockley, who helps negotiate leases with entertainment companies and other creative firms.
July 1, 2013 |
During his inaugural speech Sunday, Eric Garcetti pledged to give Silicon Valley a “run for their bitcoin.” It was a joke about the decentralized virtual currency created in 2009, but nobody laughed. Garcetti's reference might have fallen flat, but that doesn't mean it didn't play an important role in a speech intended to introduce the 42nd mayor's vision for government and governing. For a mayor bent on returning “back to basics,” Garcetti brings a distinctly future-oriented approach.