Los Angeles Economic, Social, and Demographic Data

[Westsidelife]

You don't have to read it. This thread is for those who pose an interest in LA's economy and want to know what's going on with it on a daily basis.

[LosAngelesSportsFan]

hopefully Maguire is positioning himself to finance the new tower. if he is paying off debt, that might be a good thing.

[milquetoast]

The city should have more office towers.

[croyboy]

just kidding, my bad

[klamedia]

Originally Posted by milquetoast

The city should have more office towers.

I would prefer the continued residential infill spots that are anywhere from 4-15 stories tall. Highrise office buildings are nice to photograph but are needed only downtown and/or Century City. Their are so many spots in the urban core that needs infill to continue to densify the city so that small urban parks, expanded mass transit and overall pedestrian friendliness becomes more of an obvious necessity.

[milquetoast]

Originally Posted by klamedia

I would prefer the continued residential infill spots that are anywhere from 4-15 stories tall. Highrise office buildings are nice to photograph but are needed only downtown and/or Century City. Their are so many spots in the urban core that needs infill to continue to densify the city so that small urban parks, expanded mass transit and overall pedestrian friendliness becomes more of an obvious necessity.

I agree, but The Maguire project is the first office tower in DTLA in 15 years? A city that does so much manufacturing and trading internationally should be awash with such structures. Look at the cities on the banner, cities I've never even heard of. What are they contributing to the world economy that Los Angeles isn't. It just strikes me weird that my hometown is so void of this type of development, considering the production of the area.

[klamedia]

I might just start a new thread on "myths of LA". If you have a chance read the whole insert @ http://en.wikipedia.org/wiki/Urban_sprawl

Examples of sprawl

Atlanta, Georgia is an example of a large urban area with a low population density. Atlanta covers 9,855 km² with a population of 4,112,198 people for a density of 417/km².[9]This is approximately one-third the density of the New York urbanized area. The urban area of Melbourne, Australia in 2001 had 3,160,171 people over 2080.3 km²[10], giving a population density of 1519.1/km². Helsinki in Finland, which has only 1,232,595 people spread over 2,970.6 km² area, resulting in a population density of just 415.0/km².

According to the National Resources Inventory (NRI), about 8,900 square kilometers (2.2 million acres) of land was developed between 1992 and 2002. Presently, the NRI classifies approximately 100,000 more square kilometers (40,000 sq miles) (an area approximately the size of Kentucky) as developed than the Census Bureau classifies as urban. The difference in the NRI classification is that it includes rural development, which by definition cannot be considered to be "urban" sprawl. Currently, according to the 2000 Census, approximately 2.6 percent of the US land area is urban.[11]Approximately 0.8 percent of the nation's land is in the 37 urbanized areas with more than 1,000,000 population.


The urban Sprawl of Melbourne.Nonetheless, some urban areas have expanded geographically even while losing population. But it was not just US urbanized areas that lost population and sprawled substantially. According to data in "Cities and Automobile Dependence" by Kenworthy and Laube (1999), urbanized area population losses occurred while there was an expansion of sprawl between 1970 and 1990 in Brussels, Belgium; Copenhagen, Denmark; Frankfurt, Germany; Hamburg, Germany; Munich, Germany and Zurich, Switzerland.

At the same time, the urban cores of these and nearly all other major cities in the United States, Western Europe and Japan that did not annex new territory experienced the related phenomena of falling household size and "white flight", sustaining population losses [12]. This trend has slowed somewhat in recent years, as more people have regained an interest in urban living.

The term "Los Angelization" is also sometimes used for urban sprawl, though this may be misleading. Los Angeles was one of the world's first low density urbanized areas, as a result of wide automobile ownership. However, Los Angeles has become more dense over the past half-century, principally due to small lot zoning and a high demand for housing due to population growth. Los Angeles increased its density to 5,801 per square mile in 1990. Land consumption per resident in 1990 was 0.11 acre, which made Los Angeles the most densely populated urbanized area in America.[13]

I keep repeating that most people on this board whether it be SSC or SSP are stuck in a 1950's model of LA, along w/ half of our county supervisors.

[Westsidelife]

Reliance Steel & Aluminum to buy Metalweb

Los Angeles Business from bizjournals
September 18, 2007

Reliance Steel & Aluminum Co. will buy the outstanding capital stock of Metalweb plc, a metals service center based in Birmingham, England, the company said Tuesday.

Terms of the deal, which is expected to close within the next 30 days, were not disclosed. Reliance said in a release that the current management of Metalweb is expected to stay in place, including the company's majority owner and managing director Derek Webb.

Metalweb has three other service centers located in Manchester, London and Oxford, England, according to a release. The company specializes in the processing and distribution of primarily aluminum products for non-structural aerospace components and general engineering parts for high-end industrial applications. The company had net sales of about $53 million in its fiscal year ended May 31, 2007, acording to a release.

Los Angeles-based Reliance Steel & Aluminum Co. (NYSE: RS) is a metals service center with more than 180 locations in 37 states and Belgium, Canada, China and South Korea.

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Source: Los Angeles Business from bizjournals

[Westsidelife]

Jacobs wins GSA construction management contract

Los Angeles Business from bizjournals
September 18, 2007

Jacobs Engineering Group Inc. has won a construction management services contract from the U.S. General Services Administration Mid-Atlantic Region for the Internal Revenue Service Philadelphia Consolidation Project in Pennsylvania, the company said Tuesday.

The project involves the modernization of a 900,000-square-foot U.S. Post Office building and turning it into a Class A office building for the IRS. Jacobs work includes design reviews, cost estimating, construction administration and commissioning, according to a release.

Terms of the deal were not disclosed.

Pasadena-based Jacobs (NYSE: JEC) provides technical, professional and construction management services globally.

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Source: Los Angeles Business from bizjournals

[Westsidelife]

MGM HD to launch on DirecTV

Los Angeles Business from bizjournals
September 18, 2007

Metro-Goldwyn-Mayer Studios Inc. will launch its first channel in the United States this fall on DirecTV, the company said Tuesday.

The channel, MGM HD, will offer a library of classic and contemporary films in high definition. It will also offer original programming, new content, behind the scenes coverage of red carpet events, sneak previews of new films, seasonal promotions and world premieres of newly remastered films from MGM's library, according to a release.

This is MGM's first channel in the U.S., however it currently has television channels available in nearly 120 countries, according to a release. MGM said it expects to announce additional U.S. carriage agreements in the near future.

El Segundo-based DirecTV (NYSE: DTV) is a satellite television service provider.

Los Angeles-based Metro-Goldwyn-Mayer Inc. produces and distributes motion pictures, television programming, hoome video, interactive media, music and licensed merchandise through its subsidiaries.

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Source: Los Angeles Business from bizjournals

[Westsidelife]

PC Mall closes Sarcom deal

Los Angeles Business from bizjournals
September 18, 2007

PC Mall has completed its acquisition of Sarcom Inc.

Through the acquisition, an arm of PC Mall has been merged into Sarcom of Columbus, Ohio. The deal closed for $55 million, which includes $7.5 million in PC Mall stock.

Through the acquisition, Torrance-based PC Mall also is taking on Sarcom's Abreon Group, a high-end consulting and training business in Pittsburgh.

Sarcom employs more than 700 engineers, technicians and project managers. The privately held company reported $248 million in revenue in 2006.

PC Mall (NASDAQ:MALL) sells products from tech manufacturers such as Apple Inc., Hewlett-Packard Co., IBM Corp., Lenovo Group Ltd. and Microsoft Corp. through direct and Internet operations. The company, which employs nearly 1,500, recorded a $3.96 million profit in 2006 on $1 billion in revenue.
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Source: Los Angeles Business from bizjournals

[Westsidelife]

Sloan Capital buys Two Rodeo Drive for $275M

Los Angeles Business from bizjournals
September 18, 2007

Sloan Capital has purchased the Two Rodeo Drive shopping center in Beverly Hills for $275 million, according to Monday news reports.

The iconic upscale shopping complex, located at Rodeo Drive and Wilshire Boulevard, includes some of the world's biggest names, including Tiffany & Co. and Versace, as tenants.

The seller was Rodeo Owner Corp., which was identified as a European family trust, according to the Los Angeles Times.

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Source: Los Angeles Business from bizjournals

[Fern~Fern*]

Originally Posted by Westsidelife

PC Mall closes Sarcom deal

Los Angeles Business from bizjournals
September 18, 2007

PC Mall has completed its acquisition of Sarcom Inc.

Through the acquisition, an arm of PC Mall has been merged into Sarcom of Columbus, Ohio. The deal closed for $55 million, which includes $7.5 million in PC Mall stock.

Through the acquisition, Torrance-based PC Mall also is taking on Sarcom's Abreon Group, a high-end consulting and training business in Pittsburgh.

Sarcom employs more than 700 engineers, technicians and project managers. The privately held company reported $248 million in revenue in 2006.

PC Mall (NASDAQ:MALL) sells products from tech manufacturers such as Apple Inc., Hewlett-Packard Co., IBM Corp., Lenovo Group Ltd. and Microsoft Corp. through direct and Internet operations. The company, which employs nearly 1,500, recorded a $3.96 million profit in 2006 on $1 billion in revenue.

Source: Los Angeles Business from bizjournals

That place sucks butt!!!!

When I first moved to this side of town I got a job at that sucky ass place. MacMall and they cheat everyone on their pay... Good thing that there's being sued for un-paid wages.... btw, I received a check from them 2 weeks ago... but they still suck, never work for them.

[Westsidelife]

Northrop wins $98M deal, completes L.A. dispatch system

Los Angeles Business from bizjournals
September 24, 2007

Northrop Grumman Corp. was awarded a large defense contract on Monday, and also announced the completion of a seven-year project in the city of Los Angeles.

Special Operations Forces
Northrop was awarded a five-year contract worth up to $98 million for the procurement of about 940 Special Operations Forces Laser Acquisition Marker Special Operations Forces Laser Rangefinder Designators, associated data and provisioning items.

The SOFLAM SOFLRD is a laser designator and rangefinder that provides Special Operations Forces personnel the capability to locate and designate critical enemy targets. The device may also be used for remote firing and for mounting accessories such as pointers and night sights.

The contract was awarded by the Naval Surface Warfare Center in Crane, Ind. Work on the contract will be performed in Apopka, Fla.

Los Angeles Emergency Communication System
Northrop has completed the installation of a computer-aided dispatch system for the city of Los Angeles.

Northrop's Information Technology unit led the project, which was a seven-year integration process combining the Los Angeles Police Department's existing system and the Northrop system, which includes the company's CommandPoint Mobile applications.

The system will allow improved emergency response in the city, including improved communications capability between the command center and field units. Los Angeles is the largest single police department implementation of Northrop Grumman CommandPoint Mobile products in the nation.

Los Angeles' Northrop (NYSE: NOC) is a $30 billion global defense and technology company.

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Source: Los Angeles Business from bizjournals

[milquetoast]

Zev is at it again. He was a co-author on a ballot initiative back in 1986 that limited development in Los Angeles because his initiative won. Now he's looking to overturn the easing of limits on construction in favor of low income housing units in new developments. The city may have outgrown him, or did it? latimes.com

[Westsidelife]

Northrop wins two contracts for carrier work

Los Angeles Business from bizjournals
September 28, 2007

Northrop Grumman Corp. said Friday it has won a pair of contracts from the U.S. Navy for maintenance and modernization work on aircraft carriers in San Diego and Yokosuka, Japan.

One contract has Northrop manage the maintenance of the USS Nimitz, USS Ronald Reagan and other nuclear aircraft carriers at North Island in San Diego. The contract has a one-year base with four one-year options and is worth $120 million.

The second is a $1.8 million contract to begin preparations for the arrival of the USS George Washington in Japan in 2008. Northrop will work with Sumitomo Heavy Industries on the aircraft carrier support in Japan.

Northrop's Newport News sector is the prime contractor for the work. Northrop (NYSE: NOC) is based in Los Angeles and is the nation's largest shipbuilder.

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Source: Los Angeles Business from bizjournals

[Westsidelife]

I am so glad to hear of all this news regarding Northrop!

[Westsidelife]

Northrop gets Navy deal worth up to $43M

Los Angeles Business from bizjournals
October 1, 2007

Northrop Grumman Corp. was awarded a contract from the U.S. Navy on Monday with a high-end value of $43 million.

Under the deal, Northrop will provide management and technical support for foreign military sales, a government-to-government program for selling defense equipment, services and training that furthers national security and foreign policy objectives.

The contract's one-year base period is worth $10 million and includes three one-year option periods.

Northrop (NYSE: NOC) is a defense and technology company based in Los Angeles.

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Source: Los Angeles Business from bizjournals

[Westsidelife]

Jacobs announces two contracts

Los Angeles Business from bizjournals
October 2, 2007

Jacobs Engineering Group Inc. won a pair of overseas contracts Tuesday.

British Nuclear Group Sellafield Ltd.
Jacobs won an 2-year framework contract for environmental services at Sellafield, the United Kingdom's largest nuclear reservation, where spent nuclear fuel is reprocessed and recovered nuclear material is made into new nuclear fuel

Jacobs already supplies other services to the Sellafield site through existing Multi Discipline and Single Discipline Design House framework and Resource Enhancement contracts.

Financial terms of the deal were not disclosed.

Morocco hospital project
Jacobs won a contract from the European Investment Bank to provide owner-engineer support on a large-scale hospital upgrade program in the Kingdom of Morocco that will see the revamp or reconstruction of 17 hospitals in 17 different cities in the country.

Terms of the deal were not disclosed, but the total investment cost of the project is listed at 141 million euros.

Jacobs will provide necessary technical and functional assistance during the conceptual definition phase, managing the work from its Paris office.

Pasadena's Jacobs (NYSE: JEC) provides technical, professional, and construction services. It has 48,000 employees worldwide.

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Source: Los Angeles Business from bizjournals

[Westsidelife]

Tetra Tech buys consulting firm

Los Angeles Business from bizjournals
October 2, 2007

In what CEO Dan Batrack called a "first significant step in global expansion," Tetra Tech Inc. purchased consulting firm ARD Inc. on Tuesday.

Terms of the deal were not disclosed. ARD is based in Burlington, Vt., and has more than 25 offices and 760 employees worldwide. ARD had annual revenue of about $110 million and net revenue of about $65 million during the last 12 months.

ARD will become part of Tetra Tech's Resource Management segment and will add about two cents a share to its earnings in 2008.

Pasadena-based Tetra Tech (NASDAQ: TTEK) is a provider of consulting, engineering, and technical services.

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Source: Los Angeles Business from bizjournals