ICONS OF DOWNTOWN LOS
S P E C I A L
A D V E R T I S I N G
S U P P L E M E N T
1264 W. First Street, Los Angeles, CA, 90026 • 213.481.1448
1264 W. First Street, Los Angeles, CA, 90026 • 213.481.1448
CONTENTS Tradition to Tomorrow 4 From Good Samaritan Hospital Celebrates 126 Years of Caring Future of Spine Is Here 6 The St. Vincent Medical Center Expands Its Legacy as a Downtown Icon Commitment to Excellence 8 AHoward Building Corporation Leads the Pack in Interiors Contracting at Its Best 10 Hospitality The Westin Bonaventure Hotel Sets the Standard for Leisure and Business Accommodations the Skyline 11 Defining Brookfield Office Properties Oversees a Prestigious Collection of Downtown Icons
Growing a Tradition at Good Samaritan New Medical Pavilion to House Seven Floors of Leading-Edge Care
Style 14 Timeless Downtown’s Fashion Institute Sets the Industry Standard the Revival 15 Leading Linear City Transforms the Urban Frontier Into Livable Communities
A Community Affair at TenTen Wilshire Where Living, Working and Playing Are Just a Suitcase Away
of the City 17 Pride Los Angeles Chamber Orchestra Hits a High Note With 43-Year Legacy the Pack 18 Leading Bark Avenue Services Downtown With Conscientious Pet Care for Downtown’s Seniors 18 Caring Angelus Plaza Emphasizes Continued Learning and a Healthy Lifestyle Takes a Village 19 ItYWCA Greater Los Angeles Prepares to Open Its Urban Campus at Alta Lofts 20 Authenticity Re-Purposed 1920s Building Lures Buyers at Mount St. Mary’s College 20 Diversity A Liberal Arts College With a Proud Downtown Tradition Academic Pathway to Success 21 An Los Angeles Trade-Technical College Prepares Students for the Future a Mission 22 On The Downtown Center Business Improvement District Crafts a Bright Future for Change 22 Advocates Central City Association Builds a Legacy Breast Cancer Treatment 23 Innovating The Los Angeles Center for Women’s Health on the Horizon at California Hospital
Old BecOmes New Downtown’s Iconic Institutions Make Their Mark on the Future
owntown’s icons – its businesses, architecture and institutions ‑ often merge the best of tradition and innovation to create something extraordinary. take, for example, the cen‑ tury‑old Japanese confection‑ ary Mikawaya. this well‑known Little tokyo business started as a humble bakery selling tra‑ ditional Japanese sweets to the community. today, the own‑ ers have turned it into a multi‑ million dollar venture thanks to a new creation called mochi. Likewise, development groups such as Linear City are making the old new again, redeveloping swaths of industrial downtown into livable communities. It is this unique spirit of industry and imagination that marks downtown icons. More than ever before, down‑ town’s renaissance is shining a
spotlight on some of its most treasured icons. the cutting‑ edge fashion Institute of design and Merchandising is the subject of a reality television show docu‑ menting its students. Landmark groups such as the L.A. Cham‑ ber orchestra, with its 43‑year history, continue to be discov‑ ered and enjoyed by countless new generations. Longtime organizations are also undergoing sweeping chang‑ es. As the YwCA marks several decades downtown, the organi‑ zation nears the grand opening of its $73 million Job Corps Urban Campus for at‑risk youth. Mean‑ while, the 86‑year‑old L.A. trade tech continues to stay on the cut‑ ting‑edge of vocational education with a massive campus expansion and renovation. thanks to icons big and small, downtown’s landscape is alive with a sense of history and place.
Shopping for All Angelenos 24 One-Stop Grand Central Market Continues a Nearly Century-Old Tradition in the Heart of the City Los Angeles Tradition 24 AAtCreative Pilgrim School, Students Thrive With a Mix of Technology and Fine Arts Years of Success and Growth 25 Forty The Los Angeles Convention Center Reflects the Best of Los Angeles Outdoor Heart of Downtown 26 The Pershing Square Serves Angelenos for 145 Years
Editor and Publisher
Assistant Art Director
Sweet Success Mikawaya Continues a Century of Innovation
Kim Brown catherine hoLLoway BrenDa SteVenS
Kathryn maeSe Address: 1264 W. First St., Los Angeles, CA 90026. Telephone: (213) 481-1448. Fax: (213) 250-4617.
Production and Graphics
SaLVaDor ingLeS Distribution Crew
Lorenzo caStiLLo guStaVo BoniLLa
Email: firstname.lastname@example.org Website: LADowntownNews.com
©Los Angeles Downtown News 2012. All rights reserved. No part of this publication may be reproduced or transmitted in any form by any means, electronic, mechanical, photocopying, recording or otherwise, except brief extracts for the purpose of review or promotion, without the written permission of the publisher and copyright owner.
Icons of downtown 3
From Tradition to Tomorrow Good Samaritan Hospital Celebrates 126 Years of Caring
he year was 1885. The first medical school had yet to open. A skin test for tuberculosis was more than 20 years away. Antibiotics wouldn’t be available for another half century. Nevertheless, people needed medical care. That year, the Episcopal Bishop for California dispatched Sister Mary Woods to open a clinic in Southern California. The Los Angeles Hospital and Home for the Invalids opened on Nov. 1, 1885, with nine beds. No one could imagine that these humble beginnings would evolve into the Good Samaritan Hospital of today, a world-class academic medical center with 408 beds. Last year, Good Samaritan celebrated 125 years. Over the decades, it has seen monumental changes in both the hospital itself and the practice of medicine. Fortunately, some individuals have helped to preserve this history. Dr. Henry Morgan, a dermatologist who practiced from the 1950s to the mid ‘90s, carried a camera with him almost everywhere he went. Many of his photographs are displayed in the Dr. Henry Morgan room of the hospital’s medical library. Dr. Lowell E. Irwin is a hematologist/oncologist who was affiliated with Good Samaritan Hospital from 1972 until his retirement in 1995. Irwin has become the hospital’s chief archivist and — along with a professional historian — has undertaken the daunting project of pouring through, documenting, preserving and cataloging a trove of documents, photographs and other items. Irwin and historian David Clark have used these materials to write a new book, The History of Good Samaritan Hospital: A Tradition of Caring, which was published last year. Among the events that Irwin chronicles are:
n The hospital’s evolution from Los Angeles Hospital & Home for the Invalids to St. Paul’s Hospital & Home for Invalids and finally to the Hospital of the Good Samaritan in 1896. The name was a tribute to Annie Crittendon Severance, who donated the $4,000 needed to buy the lot on which the hospital was constructed. n Good Samaritan’s move to its current location in 1911, construction of a new building in 1927, and the creation of the hospital’s current facility in 1976. n The hospital’s Nursing School, established in 1896, which boasted over 1,500 graduates. n A history of female leadership, with the hospital being run by nurse “Superintendents” for its first 100 years.
Irwin was impressed by the caliber of care provided at Good Samaritan from its beginnings. “In the early years, doctors had few sophisticated diagnostic machines. Other than using stethoscopes and blood pressure machines, they depended on their skills and the comprehensive histories they took,” he said. “Despite the limited information, they arrived at surprisingly accurate diagnoses and treatments. “Good Samaritan has a tradition of caring which has existed throughout its 126 years,” Irwin added. “The tradition continues.” For a referral to a Good Samaritan Hospital physician call (800) GS-CARES.
Beyond Hormones Natural Methods for Relieving the Symptoms of Menopause
enopause is a stage that every woman will pass through at some time in her life. Yet for each woman, the experience of menopause will differ. “Menopause symptoms can vary greatly. Some women will have a lot of symptoms, and others will have none at all,” says Dr. Nupur Kumar, family medicine physician at Good Samaritan Hospital and medical director at Good Samaritan Medical Practice Association (GSMPA). “By using an individualized combination of prescription medications, dietary changes, natural therapy and exercise, we can help patients manage their symptoms and make this transition of life as easy as possible.” Kumar offers five tips for helping to ease the symptoms of menopause and promoting a healthy lifestyle. Take your daily dose of calcium. “As you lose estrogen, your bones get weaker and more prone to fracture,” notes Ku-
4 Icons of downtown
mar. “Keep them strong by taking calcium supplements every day.” Postmenopausal women need 1,500 mg of calcium daily, along with 400 IU of vitamin D. Increase to 600 IU of vitamin D after age 70. “At the same time people including those who are young and healthy may have extremely low vitamin D,” adds Kumar. This is why doctors routinely screen patients for this deficiency and may recommend supplements from 1,000 to 5,000 IU of vitamin D depending on the severity of the deficiency. Consider natural supplements. “For some women, taking hormones can be beneficial, but for others, it may not be appropriate,” says Kumar. “When that’s the case, there are alternate means of controlling symptoms.” Some soy products, for example, contain high amounts of isoflavone, which behaves like a weak form of estrogen. When taken in sufficient quantities and for a sufficient length of time, soy can
help protect against osteoporosis and may relieve hot flashes and vaginal dryness. Foods containing isoflavone include flaxseed, legumes (peas, beans, peanuts), and whole grains (oats, wheat, corn). Black cohosh, a North American plant, has been used to treat hot flashes, sleep problems and depression. Study results on its effectiveness are mixed, but it may help reduce these symptoms. Before taking any supplements, check with your doctor. Exercise regularly. “Physical activity has numerous benefits, including preventing weight gain, strengthening
bones, boosting mood and reducing the risk of breast cancer and other diseases,” says Kumar. “Try to do moderate intensity aerobic activity for 20 minutes at least five days out of the week.” Aerobic activity, which increases the heart rate, includes walking, jogging, biking and swimming. Exercise promoting strength training, flexibility, stability and balance are also recommended. Watch your diet. A low fat diet may promote increased bone density and a slightly decreased chance of developing breast cancer. The U.S. Department of Health and Human Services now recommends that adults eat nine daily servings of fruits and vegetables. This can help ensure high levels of nutrients — such as folic acid, vitamin C and lycopene — which protect against a range of health conditions. Don’t ignore symptoms. “Don’t assume every woman must go through discomfort,” says Kumar. “Talk to your doctor about ways to improve your symptoms and promote your overall quality of life.” For more information or for referral to a Good Samaritan Medical Practice Associates physician call (855) GO-GSMPA.
Good Sam. Great Doctors.
Open enrollment is the one opportunity you have each year to make a difference in the quality of your health care.
Good Samaritan Hospital & Good Samaritan Medical Practice Association Working together to provide the best health care in Downtown Los Angeles From left: Dr. Andrew Fishmann, Pulmonary Medicine; Dr. Nupur Kumar, Family Practice; Dr. Ellis Beesley, Jr., Pediatrics
Good Samaritan Hospital and Good Samaritan Medical Practice Association (GSMPA) provides downtown Los Angeles access to world-class hospital and physicians. Located on Wilshire and Witmer, choosing a hospital and a doctor is easy and convenient for downtown residents and businesses! See a GSMPA doctor and be back at work in less than an hour. The Good Samaritan Hospital Advantage: For over two decades, Good Samaritan Hospital and physicians of GSMPA have worked together to provide patients with excellent and convenient care. Most of the physicians have offices located at Good Samaritan Hospital in the heart of downtown Los Angeles.
The GSMPA Advantage: GSMPA’s huge panel of specialist physicians includes some of the “Best Doctors in America*.” GSMPA also has one of the most experienced hospitalist groups in the country. Health plans affiliate with large, long standing networks like Good Samaritan because they have teams of skilled physicians who coordinate and provide superior quality patient care with high patient satisfaction scores. Just call the Member Services number on your insurance card to select a GSMPA physician from your health plan directly. If you need help choosing a doctor, call 1 (855) GO-GSMPA or 1-855-464-7672. Seniors can get a FREE annual, comprehensive health assessment! Good Samaritan Hospital and Good Samaritan Medical Practice Association accept all major commercial and senior insurance plans except Aetna HMO. If you need help choosing a doctor, call 1 (855) GO-GSMPA or 1-855-464-7672.
West Sixth Street Emergency Room
Good Samaritan Hospital
Medical Office Bldg. 1245 Wilshire Blvd
637 Lucas Ave.
www.goodsam.org www.gsmpa.net *According to Best Doctors, Inc.
110 Freeway >>>>>
1127 Wilshire Blvd
GSH_GSMPA combined ad rev 10-7-11.indd 1
Downtown L.A. >>>>>
10/14/11 9:19 AM
The Future of Spine Is Here
St. Vincent Medical Center Expands Its Legacy as a Downtown Icon
t. Vincent Medical Center, the first Los Angeles hospital, is proud to announce that the future of spine care is here. the new St. Vincent Spine Institute opened its doors nov. 1 with a full spectrum of spine care, including the latest techniques and advanced technologies for minimally invasive spine treatment. St. Vincent Spine Institute is led by nationally renowned spine physicians dr. fardad Mobin and dr. John J. Regan, supported by dr. Jennifer Sohal. A highly respected and experienced neurosurgeon, Mobin is known for his gentle operative technique, excellent bedside manner and compassionate patient care. He is a board certified neurosurgeon with extensive training and experience in minimally invasive spine surgery and microscope-based spine surgery. He is a pioneer in image-guided surgery, using computer generated simulations to design and navigate safe surgical corridors for patient-specific anatomy. His vast experience and implementation of the latest technologies allows him to provide his patients with a quick recovery. Mobin is excited to lead St. Vincent Spine Institute alongside Regan and a highly skilled team of spine clinicians. “dr. Regan is a very important figure in the spine world,” he said. “And, St. Vincent Medical Center’s surgical operating team is highly trained and dedicated, one of the best integrated groups I have worked with.” Regan is regarded as a pioneer in the field of minimally invasive spine surgery. In addition to being first to utilize video-assisted thoracic spine surgery, Regan has developed a number of new approaches that reduce recovery time and improve patient outcomes. He participated in studies of the Prodisc C total disc replacement, an alternative to spinal fusion for relief of radicular pain and preservation of functional motion between vertebral bodies. His clinical research continues at St. Vincent Spine Institute to further advance minimally invasive techniques, including artificial disc replacement, to provide the best possible post-surgery recovery and long-term results for patients. when asked why he decided to move to the new St. Vincent Spine Institute, Regan pointed to the hospital’s commitment to quality patient care. “I am thrilled to partner with a hospital that is very much moving forward,” he commented. “And I am excited to be working alongside dr. Mobin, collaborating on a number of patient care issues and fur-
6 Icons of downtown
ther developing St. Vincent Spine Institute.” Sohal is an accomplished orthopedic surgeon, specializing in conservative and surgical treatment of all spinal diseases and conditions of the cervical, thoracic and lumbar spine. Although an expert in spinal surgery, her goal is to never conduct surgery on a patient. She is impassioned about increasing the quality of life by eliminating pain that limits patients’ day-to-day experiences. when asked how she felt about joining St. Vincent Medical Center, she shared, “I’m excited to be working with such esteemed colleagues. It’s an honor to be part of St. Vincent Spine Institute.” Mobin, Regan and Sohal will utilize their expertise for services including disc replacement, herniated disc surgery, spinal decompression surgery, minimally invasive neck and back surgery, minimally invasive spine fusion, cervical and lumbar spine surgery and treatment of scoliosis. they are supported by a team of highly skilled clinicians as well as a completely renovated facility. Located across from the main hospital campus, St. Vincent Spine Institute spans 4,000 square feet and includes six exam rooms. Each room is equipped with PACS computer systems, allowing the physicians to review digital X-rays, MRI and Ct exam results on screen with patients. the institute also features the latest in minimally invasive technologies, such as a surgical microscope for use in the operating room as well as an intraoperative 3d fluoroscopy, providing unprecedented ability for placement of instrumentation. the first Los Angeles hospital, St. Vincent Medical Center has been providing quality, compassionate health care to downtown Los Angeles for 155 years. Since opening its doors in 1856, St. Vincent has received numerous local, regional and national accolades for clinical excellence in a variety of key service lines. Most recently, St. Vincent Medical Center was recognized by U.S. News and World Report as a top 5 Best Hospital in the Los Angeles Metro area with excellence in neurology and neurosurgery, orthopedics and eight additional specialties. the addition of St. Vincent Spine Institute furthers St. Vincent Medical Center’s ongoing commitment to provide patient-centered health care encompassing mind, body and spirit — now and in the future. To learn more about St. Vincent Medical Center, a member of Daughters of Charity Health System, visit stvincentmedicalcenter.com.
St.Vincent Spine Institute St. Vincent Medical Center, the first hospital in Los Angeles, is proud to announce that St. Vincent Spine Institute is now open. Led by nationally renowned spine physicians Dr. Fardad Mobin and Dr. John J. Regan, joined by Dr. Jennifer K. Sohal, the institute offers comprehensive spine care, including non-surgical treatment options. Additional procedures are performed at St. Vincent Medical Center using the latest minimally invasive techniques and image-guided technologies. The opening of the new St. Vincent Spine Institute furthers St. Vincent Medical Centerâ€™s commitment to provide quality, compassionate health careâ€” now and in the future.
Free Physician Referral 213-484-7310 StVincentSpine.com Follow us on Facebook
St. Vincent Medical Center is recognized by U.S. News & World Report as a Best Hospital in the Los Angeles Metro Area for Neurology & Neurosurgery, Orthopedic Care and eight additional service lines.
Pictured left to right: John J. Regan, M.D.; Jennifer K. Sohal, M.D.; Fardad Mobin, M.D., FAANS
A Commitment to Excellence Howard Building Corporation Leads the Pack in Interiors Contracting
he first project that Howard Building Corporation (HBC) was awarded was for the offices of the legendary Los Angeles attorney and economic statesman, John Argue, who was instrumental in bringing the Olympics to Los Angeles in 1984. The list of clients that HBC has since assembled reads very much like the Fortune 500 with the top Los Angeles law firms thrown in for good measure. HBC has been a perennial name in the Los Angeles Business Journal’s Book of Lists, and currently boasts the largest volume for any contractor specializing in interior construction. HBC moved its headquarters to Downtown Los Angeles in 2004, after spending 20 years in Glendale. “We believe that Downtown L.A. is the epicenter of the Southern California economy, and we would be short sighted if we were to be located anywhere else,” says Paul McGunnigle, chief executive officer of the firm. HBC also maintains a successful Orange County satellite office in Costa Mesa. Utilizing a broad market base, HBC services a variety of businesses and industries including entertainment, education, aerospace, healthcare, financial services and manufacturing. HBC has completed projects for every major movie studio including Disney, Paramount, Warner Brothers and Universal as well as the Academy of Motion Picture Arts & Sciences. Additional clients include the broadcast facilities of KUSC, KKBT and KFWB as well as the National Academy of Recording Arts & Sciences. USC, UCLA and Cal State Northridge and trade schools such as West Coast University, Corinthian College and American Career College have relied upon HBC for numerous projects. Guess, Juicy Couture and True Religion relied upon
8 Icons of downtown
HBC locally to create their design and manufacturing facilities. State-of-the-art companies like Google, Apple and Microsoft have utilized HBC’s expertise to streamline their workplaces. The Norton Simon Museum and the Orange County Museum of Art turned to HBC to provide economical construction solutions. Boeing, BAE, General Electric, Teledyne and Rockwell Collins have all trusted HBC. And, the very first McDonald’s to be built into a high-rise building was put in place by HBC at the Wells Fargo Center on Bunker Hill in Downtown Los Angeles. Perhaps the work by HBC that is most recognizable is in the legal industry where clients include almost every major firm in Southern California. Latham & Watkins; Gibson, Dunn and Crutcher; Jones Day; O’Melveny & Myers and a list of almost 40 additional law firms are included in the HBC resume. With a commitment to ecology as well as the economy, HBC is fully committed to the Green Building Council and 25% of the HBC staff is LEED accredited. In 2009, HBC completed the first Platinum level LEED Interiors project in California: The Herman Miller Los Angeles showroom. HBC has successfully completed LEED projects at every level of qualification. HBC is also a steward to ANEW, an organization that strives to attain complete recycling of furniture and amenities from offices that relocate or reorganize. The accomplishments of the company have been recognized in publications and by industry awards. HBC has been featured in numerous books of architectural projects and in design magazines. HBC has received 11 Calibre Awards from the International Interior Design Association (IIDA) and been nominated for an astounding 39
Calibre Awards overall. Founded in 1983 by Mike Howard, HBC has become the leading interiors contractor in Southern California. Equally sharing the ownership and leadership of the company, Howard and his two partners, McGunnigle and Gary Conrad, president, have built a milestone business based upon customer loyalty and the highest levels of service and quality. “We feel very fortunate to have been able to find a cohesive staff that believes in our philosophy and our mission,” adds Conrad. HBC has always recognized its responsibility to give back regularly to the community. Providing pro bono services to local charities such as AIDS Project L.A. and the Asian Rehabilitation Center, and generous contributions to a long list of social and health related charities serving Los Angeles, HBC works to be influential in maintaining the social fabric of the community. In addition to its many charitable efforts, HBC is active in local community organizations. Conrad has been a 20-year member of the Downtown Breakfast Club and is active in the Central City Association. McGunnigle serves as Chairman of the Board of Junior Achievement of Southern California and was recently awarded the Gold Leadership Award in Washington, D.C., by the Junior Achievement national organization. HBC also participates at the highest levels in supporting the local chapters of the American Institute of Architects, the International Interior Design Association and the Urban Land Institute. Mike Howard summarizes, “You cannot be successful as a business surrounded by a community; you must be part of the community. We are a part of Downtown Los Angeles.” For more information visit howardbuilding.com.
Building a better Downtown LA...
Hospitality at Its Best The Westin Bonaventure Hotel Sets the Standard for Leisure and Business Accommodations
The Evolution of a Legend. Located on Bunker Hill and opened in 1976, the Westin Bonaventure Hotel and Suites is a landmark among Los Angeles hotels. Fresh from a $32 million restoration our iconic building combines rich history with modern luxury, innovation and design.
For more information or to make a reservation visit thebonaventure.com or call 213.624.1000
This is how it should feel.
404 S. Figueroa Street Los Angeles, Ca 90071
10 Icons of downtown
BON AV E N T U R E HOTEL & SUITES LOS ANGELES
legantly presiding over the City of Angels, the westin Bonaventure Hotel & Suites provides the ultimate urban oasis in the heart of the business district. An international symbol that has come to represent the beauty and sophistication of the city itself, this famous westin Los Angeles hotel is one of the most photographed destinations in the world. Stroll through the atrium lobby and you’ll immediately see why. whether you’re visiting for a leisurely weekend getaway, business meeting or special event, the hotel’s deluxe accommodations define the essence of modern luxury. Enjoy spectacular skyline views, access to more than 40 specialty boutiques and restaurants, and unparalleled meeting facilities. discover L.A.’s largest convention hotel — widely regarded as a “city within a city” — which is sure to surpass all expectations. A landmark attraction in its own right, this unique name in downtown Los Angeles hotels beckons with an exceptional setting. Stunning Accommodations within moments of arrival, guests can rest assured that their stay will be nothing short of remarkable. Enjoy an endless array of amenities, including the largest hotel spa in L.A., 19 distinct restaurants and lounges, and a beautifully landscaped outdoor pool deck. for business travelers and corporate event planners, the Bonaventure is proud to offer the largest ballroom in the city, fully complemented by first-class service. Expertly achieving the delicate balance between business and pleasure, each Los Angeles hotel room connects guests with an extraordinary host of features. the hotel features a six-story atrium with myriad specialty boutiques and international restaurants, 1,354 guest rooms and suites with spectacular city
views, and more than 110,000 square feet of meeting space. the Bonaventure has consistently gone to great lengths to provide the ultimate urban oasis. Giving Back and Staying Green the westin Bonaventure Hotel & Suites is proud to be L.A.’s first hotel to reach the environmental standards set by Green Seal, as it works to make Los Angeles a greener and healthier city. Guests can witness firsthand how the hotel is helping to ensure a better environment by reducing its carbon footprint through recycling programs, energy conservation and management, water conservation, and more. the westin Bonaventure continuously seeks to achieve a clean, healthy, safe and sustainable environment for guests, the community and future generations. The Westin Bonaventure Hotel & Suites is at 404 S. Figueroa St. For more information call (213) 624-1000 or visit thebonaventure.com.
Defining the Skyline Brookfield Office Properties Oversees a Prestigious Collection of Downtown Icons
rookfield Office Properties owns, develops and manages premier office properties in major U.S., Canadian and Australian cities. In Downtown Los Angeles, its holdings include many of the skyline’s most prestigious assets. Brookfield Office Properties’ Downtown L.A. buildings are located in close proximity to exclusive business clubs, world-class hotels, stores and exceptional dining options. The properties themselves feature expansive public spaces, spectacular views, and convenient access to mass transit and major thoroughfares. Among them is Figueroa at Wilshire, Downtown’s preeminent business address. Prominently situated at the intersection of Figueroa Street and Wilshire Boulevard in the heart of the financial and cultural district, Figueroa at Wilshire is a landmark structure on the Downtown Los Angeles skyline. The 1.2 million-square-foot, 52-story office tower features a Brazilian rose polished granite exterior, two dramatic 75-foot-high lobbies, and an inviting open-air plaza highlighted by a three-story fire and water sculpture. Bank of America Plaza, located in Bunker Hill, is one of the most beautiful and prestigious office properties in all of Southern California. The 55-story, 1.8 million-square-foot building is situated on a 4.2-acre site featuring a unique three-acre formal garden with 200 trees, three 24-foot waterfalls and Alexander Calder’s renowned “Four Arches” sculpture at the building’s entrance. The interior public space is equally impressive, with a striking bronze entryway leading to a grand 27-foot-high plaza lobby. The recently renovated lobby features a visually stunning tapestry display by renowned designer Christopher Farr — the largest permanent exhibit of its kind in the United States. Bank of America Plaza also features extensive
on-site amenities and services, as well as a 194-seat auditorium that is available for special events and programs. The company’s Downtown Los Angeles collection is capped by Ernst & Young Plaza, which stands tall among the neighboring towers that paint the beautiful skyline in the heart of the city. The phenomenal 915,000-square-foot complex, dynamically constructed of steel framing with solar panel plate glass and granite panels, lights up the corner of Seventh and Figueroa streets with elegance. Ernst & Young Plaza is enhanced by a beautifully landscaped 2.5-acre courtyard that includes complimentary wireless Internet access and a Poet’s Walk public art collection, including Allen and Levine’s “Corporate Head” brass sculpture on the north end of the tower. The style and flair of the Class A tower is further enhanced by bountiful tenant amenities and accommodations. At the foot of the building is the al fresco FIGat7th retail and dining center, which is currently undergoing a $40 million renovation. FIGat7th will be the new home of City Target, opening Fall 2012. Follow/Fan FIGat7th on Twitter, Facebook, Yelp and Flicker. The entire Downtown Los Angeles portfolio is LEED and Energy Star certified. Brookfield Office Properties’ portfolio is comprised of interests in 110 properties totaling 78 million square feet in the Downtown cores of New York, Boston, Washington, D.C., Los Angeles, Houston, Toronto, Calgary, Ottawa, Sydney, Melbourne and Perth. In addition to those in Los Angeles, landmark assets include the World Financial Center in Manhattan, Brookfield Place in Toronto and Darling Park in Sydney. For more information on the Brookfield portfolio, visit brookfieldofficeproperties.com.
Icons of downtown 11
Built on a Foundation of Trust and Stability
AMERICAN BUSINESS B ANK
www.americanbusinessbank.com LO S A N G E L E S | O R A N G E CO U N T Y | S A N F E R N A N D O VA L L E Y | S O U T H B AY | I N L A N D E M P I R E Member FDIC
Growing a Tradition at Good Samaritan New Medical Pavilion to House Seven Floors of Leading-Edge Care
ood Samaritan Hospital has grown spectacularly since the current facility was built in 1976. Good Samaritan admits 17,000 inpatients and cares for more than 93,500 outpatients a year. Its 680-strong medical staff has made it a world-class medical teaching center. now, construction has begun on a new state-of-the-art medical pavilion featuring the frank R. Seaver Ambulatory Surgery Center that will enable the hospital to accommodate the needs of the growing community it serves. the top five floors of the seven-story facility will house doctors’ offices, permitting convenient access to the hospital for Good Samaritan physicians and their patients. At the heart of the first floor of the medical pavilion will be a comprehensive women’s Center that combines the hospital’s existing women’s radiology services with a new linear accelerator and other related diagnostic and treatment equipment. Here, women will receive advanced radiological breast cancer diagnosis and treatment in a quiet, intimate environment that offers a personal comfort zone for patients and their families. Eight rooms on the second floor will house the frank R. Seaver Ambulatory Surgery Center designed to make visits
to the center easy and convenient, from the reception desk to same-day recovery and discharge. “the outpatient Surgery Center is our response to the growing need for outpatient treatments in cardiology, orthopedics, oncology, women’s care, ophthalmology and other medical specialties,” says dan McLaughlin, vice president of professional services at Good Samaritan. “the hospital’s market share of the ambulatory surgeries in metropolitan Los Angeles continues to grow along with the new wave of downtown residents.” other outpatient services offered in the pavilion will include: n An entire “Heart floor” offering cardiac screening, arrhythmia monitoring, women’s heart services, heart wellness services and cardiovascular rehabilitation n An Endoscopy Center for examining the inside of the body with scopes and tiny video cameras n A Blood donor Center to help meet the continuing need for life-saving blood and plasma the ground floor of the medical pavilion will be combined with the existing facility so that they share a spacious lobby with a high ceiling, a cafe and a friendly pharmacy for patients and family members.
“when the new pavilion is completed in 2013, medical office building space on campus will be approximately three times its present size, with new floor space of 193,000 square feet added to the existing 100,000 square feet,” McLaughlin explains. “And it will offer the community a
leading-edge facility where physicians, patients and family members will feel comfortable in a space designed to enhance the efficiency and convenience of acquiring advanced medical care.” For more information visit goodsam.org or call (213) 977-2207.
Continuing to Bring World Class Health Care to Downtown Los Angeles Good Samaritan Hospital
Medical Pavilion featuring the
Frank R. Seaver Ambulatory Surgery Center • • • •
7 stories 193,588 square feet Physician Office Suites Leading edge radiation oncology, imaging & surgical services
Groundbreaking October 2011
For information please call (213) 977-2207. Icons of downtown 13
Downtown’s Fashion Institute Sets the Industry Standard
he internationally recognized fIdM/fashion Institute of design & Merchandising was founded in downtown Los Angeles and is located at 919 S. Grand Ave., near L.A. Live. It is the largest college of its kind in the nation and specializes in career-oriented higher education. fIdM is accredited by two prestigious organizations: nASAd (national Association of Schools of Art & design) and wASC (western Association of Schools & Colleges). It is a private college for specialized professional education, preparing students for careers in fashion, graphics, interior design and entertainment. the college offers Associate of Arts and Bachelor of Science degrees, with the Bachelor’s in business management only offered to fIdM Associate of Arts graduates. Advanced study programs in industry specific majors are also granted. the college established a San francisco campus in the 1970s and opened orange County and San diego locations the following decade. fIdM has an international network of more than 45,000 graduates. Home to the largest fashion library (a resource and research center) in the western United States, the fIdM Museum boasts one of the nation’s finest historical fashion collections. It contains more than 15,000 pieces dated from the early 1800s, including significant ethnic and international designs. the fIdM campus also features the fIdM Museum & Galleries, which presents three to four free landmark exhibitions each year. In 2012, the fIdM Museum & Galleries will celebrate the 20th anniversary of its “Art of Motion Picture Costume design” exhibition. Exquisite costumes from more than two dozen feature films from 2011 will be on dis-
FIDM student finalists for the JCPenney/Bisou Bisou “Runway Your Way” Design Challenge. L to R: Alyse Guercia, Jenny McClain, Jon Rosario and Jenna Goldberg.
play, including oscar-nominated costumes. the exhibit opens tuesday, feb. 14, and closes Saturday, April 28, 2012. Admission to the fIdM Museum is free and the exhibition is open tuesday-Saturday, 10 a.m.-4 p.m. the college’s focus on industry collaborations offers students great opportunities. Each year, students in the International Manufacturing and Product development program partner with a designer to learn how to analyze trends, along with the dynamics of the global marketplace. In 2011, students were challenged to create a series of designs for downtown Los Angeles based Bisou Bisou, a private-label women’s line at JCPenney. four finalists were chosen to have their garments produced and sold as a capsule collection online and in more than 75 JC-
Penney stores nationwide. the winner, Jenny McClain, received a generous scholarship. fIdM is the west Coast home of “Project Runway,” the hit show about fashion designers on Lifetime television. HGtV recently featured a 10-week series called “design School,” a docu-design show starring eight fIdM Interior design students in a fIdM SuperLab class. the popular MtV show “the Hills” starred fIdM student Lauren Conrad. throughout the apparel world, fIdM alumni are in top positions in their fields. notable graduates include fashion designers Monique Lhuillier, Kevan Hall, Randolph duke, nick Verreos, Karen Kane, Pamela-Skaist Levy (cofounder of Juicy Couture), Magda Berliner and more. “Project Runway” Season 5 winner Leanne Marshall is a fIdM alum, while fIdM graduate costume designers for film and television include: Mona May (Clueless, Enchanted), Marlene Stewart (Tropic Thunder, True Lies), Mary Claire Hannan (The Kids Are All Right, Into the Wild) and Jill ohanneson (“Six feet Under,” The Pledge). The Architecture/Art of FIDM Architect Jon Jerde and the Jerde Partnership designed the fIdM Los Angeles campus building at ninth Street and Grand Avenue. It was completed in 1990 and is crowned with the first ceramic dome to be built in downtown in 50 years. Grand Hope Park, which fronts fIdM’s artistic structure, was created by the much lauded landscape architect Laurence Halprin. Many sculptures and works of art enhance the building’s exterior and interior. At the fIdM Grand Avenue entrance, visitors are greeted by a masked angel sculpture called “transforming Yourself Into fashion” by Gywnn Murrill. the angel pays homage to its birthplace, the “City of Angels,” and leads guests to the building’s open rotunda, which is graced with the work of muchlauded artist tony Berlant. FIDM is at 919 S. Grand Ave. For more information call (800) 624-1200 or visit fidm.edu.
It’s more than a college, it’s FIDM. Internationally known as a top fashion and design college, FIDM is also known to its neighbors as a downtown landmark. Home to the FIDM Museum and the FIDM Scholarship Store – voted “Best Boutique/Store in L.A.” by the readers of Downtown News – FIDM connects not only students, but the entire community, to the industry.
Fashion Institute of Design & Merchandising
919 South Grand Avenue, Los Angeles, CA 90015
14 Icons of downtown
800.624.1200 or fidm.edu
Leading the Revival Linear City Transforms the Urban Frontier Into Livable Communities
ow does a small real estate development company emerge as an icon of Downtown? The partners in Linear City Development, Leonard Hill and Yuval Bar-Zemer, each have a unique perspective on the impact of their effort on the local landscape. “We are focused on transformative projects, buildings that have been neglected in areas that have been overlooked,” Hill said. Linear City has succeeded by celebrating the historic aspects of old buildings while converting them into vibrant, state-of-the-art facilities that have helped to transform Downtown into a thriving metropolitan city.
Transformation is certainly an apt description for what has transpired on Industrial Street, a once forgotten part of the commercial corridor next to the Los Angeles River. Linear City bought the Acme Toy Company Building in 2001 and by 2004 had converted the hulking concrete structure into 119 live-work lofts. The company then purchased the old National Biscuit Company Factory and won awards for its work in remaking the once dilapidated structure. Linear City followed that effort with its conversion of the old Mill Building at 1820 Industrial into a thriving creative business hub. At the intersection of Industrial and Ma-
teo, Linear City has literally invented a community out of thin air (and a few bricks). “We believe that the success of a project is not measured merely by how fast you can sell or lease the inventory but rather by the added value of creating an attractive environment for the talented individuals and dynamic entrepreneurs that become the foundation of our new communities,” observed Bar-Zemer. Judging from the revival of Industrial Street, Linear City is truly changing Downtown one block at a time. The street is alive with an assortment of some of the best new establishments in the metropolitan area, including Church and
State, The Daily Dose Cafe, Swill Wine Bar and several cutting-edge firms in the fashion, design, entertainment and hightech industries. The work of Linear City is characterized by meticulous execution and great attention to architectural detail. “We seek to respect the history and archeology of each of the buildings we repurpose,” noted Bar-Zemer. The company is also known for adding unexpected surprises to their projects such as the lush community garden next to 1820 or the spectacular in-ground salt water pool at Biscuit. Currently, Linear City is putting the finishing touches on an 80-unit project called “7 and Bridge.” This low-rise rental project sits adjacent to the L.A. River and offers a campus-like environment that is unique in Downtown. Hill and Bar-Zemer are determined to make this block as successful as Industrial Street and to that end are introducing two restaurant spaces that will start the mixed-use dynamic that is fundamental to their vision. Looking to the future, Linear City just completed the purchase of the old Metropolitan Water District headquarters at 1111 Sunset Blvd. and will shortly begin the process of transforming the William Pereira designed edifice into 92 striking, Mid-Century modern rentals. Based on past performance, it is a safe bet that Hill and Bar-Zemer will bring new life to yet another overlooked stretch of the urban frontier. For more information about Linear City visit linear-city.com.
Icons of downtown 15
A Community Affair at TenTen Wilshire Where Living, Working and Playing Are Just a Suitcase Away
ENTEN Wilshire is the ideal place for business-minded individuals to live, work and play. Whether you are a travel manager, relocation specialist, working professional or entrepreneur, TENTEN Wilshire provides the perfect blend of amenities and necessities to make your decision an easy one. You have heard the phrase “Live, Work and Play” countless times, but not until now have all three been addressed in a single lifestyle solution. Located on Los Angeles’ world famous Wilshire Boulevard, TENTEN Wilshire offers 227 luxury suites in the heart of Downtown Los Angeles. At TENTEN Wilshire, all suites are designated live/ work, so conducting business from home in a professional manner just became
16 Icons of downtown
possible. The suites at TENTEN Wilshire come equipped with every imaginable amenity including 24/7 valet parking, drop-off service within two miles, free basic utilities, wired and wireless high-speed Internet, premium cable TV, local phone calls, iPod ready sound systems, high definition LCD TVs, full kitchens with stainless steel appliances and extensive kitchenware sets, and individual thermostats for optimum cooling and heating. TENTEN Wilshire recently received the award for “Best Rooftop in Downtown Los Angeles.” Inspired by luxury resorts, the world-class rooftop features a full gym, pool, Jacuzzi, sauna and steam rooms, locker rooms, a movie/screening room, lounge, fire pits, barbecue areas, sundecks, custom outdoor billiard and
foosball tables, all while being surrounded by endless panoramic views. A great venue for the complimentary weekday happy hour, ideal for meeting people and networking, it is easy to see why TENTEN Wilshire is the complete lifestyle solution business professionals need. In an area lined by the most extensive freeway system in the world, including the 110, 10, 101 and 5 freeways, Downtown Los Angeles, home to major legal, financial and telecommunications companies, is also a center for the entertainment, textile, jewelry and fashion industries. Just two blocks from TENTEN Wilshire is the 7th Street/ Metro Center which provides easy access to the Metrorail, Los Angeles’ subway system that connects to Long Beach, Hollywood, Pasadena, LAX and more. Union
Station, your access point to MetroLink, Los Angeles’ rail system, is also nearby. With neighbors such as the Walt Disney Concert Hall, Exposition Park and Staples Center, additional entertainment and recreational activities are available year round. L.A. Live, a 4 million-square-foot sports and entertainment district, offers many exciting venues and restaurants as well. With flexible lease terms, TENTEN Wilshire is the perfect option, whatever your needs may be. TENTEN Wilshire is the ideal community for professionals who want to live, work and play Downtown…no matter how long or short the stay. For more information about TEN TEN Wilshire call (877) 338-1010 or visit 1010wilshire.com.
Pride of the City
Los Angeles Chamber Orchestra Hits a High Note With 43-Year Legacy
s you drive north along the 110 freeway, a striking mural at fIGat7th catches your eye: Harbor Freeway Overture by artist Kent twitchell. the mural depicts a cluster of some of the city’s greatest musicians — members of the Los Angeles Chamber orchestra (LACo). this year, the city celebrates the mural’s 20th anniversary and the 43-year artistic legacy of the orchestra it represents. A cultural icon of Los Angeles, the mural proclaims the city’s pride in LACo’s 40 virtuosos and their contribution as “America’s finest chamber orchestra” (Public Radio International) to L.A.’s stature as an international culture destination for the arts. two of the Los Angeles Chamber orchestra musicians prominently featured on the mural also mark major milestones this year. Julie Gigante, the beautiful violinist on the first panel, celebrates 25 years with the orchestra and beloved principal oboe Allan Vogel, depicted on the second panel, an amazing 40 years. Gigante performs LACo’s orchestral Series concerts throughout the season, on Saturdays at Glendale’s Alex theatre
and Sundays at UCLA’s Royce Hall, as well as at LACo’s westside Connections chamber music series at the Broad Stage in Santa Monica. LACo showcases Vogel at a musical salon nov. 19, part of the orchestra’s à la carte series highlighting world culture at private residences throughout the city. Vogel also kicks off LACo’s Baroque Conversations Jan. 26 at the Colburn School’s Zipper Hall. this much-loved series has established the orchestra as a prominent artistic force in L.A.’s bourgeoning downtown scene. the city has another reason to celebrate this year. native Angeleno Jeffrey Kahane marks his 15th (crystal) anniversary as LACo music director. LACo honors Kahane on feb. 12 at the orchestra’s annual gala, this year themed the Crystal Ball, at downtown’s historic California Club. A champion of music education who presents beloved classics alongside commissions from rising composers, Kahane leads the orchestra’s commitment to serving the Los Angeles community. Under his leadership, LACo launched family Concerts presented at the Alex theatre and expanded the orchestra’s Meet the
Music program, which provides free orchestra concerts and in-school docent visits to fourth, fifth and sixth grade students in the Los Angeles and Pasadena Unified School districts. Los Angeles Chamber orchestra’s col-
laborative spirit and focus on sharing a wide array of personal musical experiences with Angelenos renders its musicians as identifiable as the iconic Harbor Freeway Overture. For more information about the LACO visit laco.org.
Festive 15 celebrates 15 seasons with music director Jeffrey Kahane orchestral series sat @ 8 pm, Alex Theatre, Glendale sun @ 7 pm, Royce Hall, UCLA dec 10 | 11, jan 21 | 22, mar 24 | 25, apr 21 | 22 From Bach to Brooklyn, experience great music with “America’s finest chamber orchestra.” – Public Radio International
discover bach’s magnificat sat feb 25 @ 8 pm, Ambassador Auditorium, Pasadena
baroque conversations thu @ 7 pm, Zipper Hall, Downtown jan 26, feb 16, mar 15, apr 19, may 3 Join us for exquisite Baroque music and fascinating discussion.
Jeffrey Kahane Music Director
sun @ 2 pm, Alex Theatre, Glendale
feb 26, apr 1, may 6 Share the fun as your child discovers that classical music is cool. thu @ 7:30 pm, The Broad Stage, Santa Monica mar 1, mar 22, apr 5 Explore the connection between music and the culinary arts.
making great music personal
photo Michael Burke
For more information visit laco.org or call 213 622 7001 x 1
Icons of downtown 17
Leading the Pack Bark Avenue Services Downtown With Conscientious Pet Care
welve years ago Jay Blumberg and Melanie Pozez decided to make a difference in animals’ lives. The first step was to create a full-service pet care facility in the newly burgeoning Downtown L.A., reminiscent of Chicago’s downtown where Blumberg and Pozez lived and worked prior to relocating to Los Angeles. The second step was to help support the non profit Bark Avenue Foundation and its efforts to address the pet overpopulation crisis in Los Angeles and Southern California through spay/neuter/vaccinations/adoption. Bark Avenue Foundation continues to leverage its experience and knowledge of connecting resources, expanding its capacity to create programs that directly address the overwhelming reality of too many pets for too few homes. Four years later, Bark Avenue’s flagship facility opened at 545 S. Main St. in the heart of Downtown Los Angeles. Daycare, boarding, Bark Spaw (grooming), training, the Speedy Scrub Club, and pick-up and delivery throughout the entire region. Adding to its services, The Bark Park was launched on Oct. 15, of-
The Angelus Plaza Senior Activity Center Has Something For You!
fering a private, fenced, outdoor park exclusively for Bark Avenue clients. The company prides itself on its professionally trained and loving team. As members of the Central City Association, the Los Angeles Chamber of Commerce and the National Pet Sitters Association, Bark Avenue and the Bark Avenue Foundation continue to be avid supporters of Downtown Los Angeles. Bark Avenue values its ability to offer “Everything Under One Woof” and is proud to be a cornerstone in the rebirth and revitalization of this important region. For more information visit barkavela.com.
Caring for Downtown’s Seniors Angelus Plaza Emphasizes Continued Learning and a Healthy Lifestyle
A P YEAR - ROUND ACTIVITIES AND CLASSES Free, Donation or Minimal Fee.
v Alcoholics Anonymous (AA) Support Group v Asian Folk Dance Class v Balance and Strength Exercise v Chair Yoga Class v Chinese Dance Party, Ballroom Dancing v Computer Class for Older Adults v English as a Second Language (ESL) v English Conversation Group v Japanese Folk Dance Class v Knitting Workshop/Project Hands v Korean American Art - Calligraphy v Korean Folk & Drum Class v Latin American Club Social, Music & Dance v Line Dance Class: No need for a partner v Movies: Shown on Large Screen TV v LAC Filipino-American Seniors Social Dance v Tai Chi Class
CULTURAL CELEBRATIONS Donations gratefully accepted. African American Heritage Celebration Asian Pacific Islander Older Adult Festival Latin American Heritage Celebration Independence Day Dance Valentine’s Day Dance SPECIAL EVENTS “A Place Called Home” - Holiday Musical Program: 12/09/11 West Coast Singers Holiday Dress Rehearsal - December New Year’s Celebration - 12/30/11 An Afternoon of Jazz - July Ice Cream Social - June Senior Talent Show - August
18 Icons of downtown
INFORMATION, EDUCATION & SERVICES Call for information, operating hours and fees. Angelus Café Angelus Plaza Mini Market Milady’s Beauty Salon/Barber Shop Nutrition Program Benefit Enrollment Center Open: Twice a month by appointment only Serving: Social Security and SSI recipients Benefit Counselors: Available to assess if client is eligible for additional benefits Central High School/Tri-C @ Angelus Plaza Sponsored by: LAUSD, Serving at-risk-youth Elder Law Day - Assist seniors with: Financial Power of Attorney Advance Health Care Directives Education on financial abuse and fraud. Information & Referral English, Korean, Chinese & Spanish Assist elders and family members in identifying services for seniors to become or remain self-sufficient. Tom Bradley Center For Health Care Sponsored by Good Samaritan Hospital Accept: Medical, Medicare, Insurance and or fee-for-service. Available on Rotating Basis: Internal Medicine, Physical Therapy, Dentistry, Psychiatry, Podiatry, Ophthamology, Optometry, Acupuncture & Herbal Medicine
Angelus Plaza Senior Activity Center 255 South Hill Street, L.A., CA 90012
pened in 1980, Angelus Plaza is a non-profit affordable community developed by the Retirement Housing Foundation (RHF) with national headquarters in Long Beach, California. With 1,093 units and 1,300 residents, it is America’s largest affordable housing community for seniors. It is comprised of five resident towers and a six-story administrative building including a senior activity center. Angelus Plaza is located in the heart of historic Bunker Hill, within walking distance of Grand Central Market, the Museum of Contemporary Art, Music Center and Disney Hall, and conveniently accessed via public transportation. The senior activity center includes an auditorium, library, nutrition site, Angelus Café and a computer learning center. It serves the needs of diverse residents as well as seniors in surrounding areas. Several non-profit organizations that provide services (including the Tom Bradley Center for Health Care, operated by Good Samaritan Hospital) are housed within the center. Programs and services, which emphasize the importance of continued learning and a healthy lifestyle in a safe
and supportive environment, encourage multicultural sharing and intergenerational involvement. On Nov. 10 at 5:30 p.m., Angelus Plaza proudly presents City View, its annual fundraiser. This year’s honoree is Kelly Boyer, director, Los Angeles Multifamily Hub, U.S. Department of Housing and Urban Development. All proceeds benefit Angelus Plaza’s senior activity center and help support its unique programs, including providing stipends for instructors and allowing seniors to participate in many free activities. Angelus Plaza is at 255 S. Hill St. For more information, call (213) 623-4352 or visit angelusplaza.org.
It Takes a Village
YWCA Greater Los Angeles Prepares to Open Its Urban Campus
ust months away from its grand opening, many call the newly constructed YWCA Greater Los Angeles Downtown Urban Campus the house that love built. The fully funded, seven-story, 154,000-square-foot facility is a dream come true, not just for the students and staff who will call the space home, but for the Los Angeles Downtown community as well. The campus will feature a state-ofthe-art digital library, amphitheater, dormitories, student lounges, cafeteria, medical and dental facilities, green spaces and the new executive offices of the YWCA Greater Los Angeles (YWCA GLA). YWCA GLA provides housing, dental and medical supportive services, vocational training and meals at no cost to Job Corps student participants. Most Job Corps students are at-risk, previously homeless or emancipated foster kids, ages 16 to 24 years, and rely on the YWCA GLA’s resources to provide a blueprint for self-sufficiency. Many companies, such as PCL Construction and its subcontractors, work directly with YWCA GLA to train Job
Corps student apprentices with industryspecific skill sets. The benefit to the business community is gaining highly skilled, well-trained candidates in the workforce, with a clear understanding of industry and company practices. The benefit to the students is obtaining specialized training that puts them on the fast track to job stability and growth. The YWCA GLA Job Corps program won seven awards by the national Job Corps office; including first in the region for Job Corps graduate job placement and fifth in the nation for post enrollment placement. Now, with the Downtown Urban Campus close to completion, the next step for YWCA GLA is to move in the strategic direction of creating an Empowerment Village. The Empowerment Village will surround the Urban Campus to provide affordable housing, a business school, health complex, art center and retail stores, to be anchored by a major grocery store chain to serve Job Corps students, graduates and the Los Angeles Downtown community at large. “The Empowerment Village is the natural progression to the Downtown
Urban Campus,” said Faye Washington, CEO of YWCA GLA. “When we teach financial literacy to our students, we train them to be competitive candidates in the workplace and business community. The strategic next step that will hold a triple net bottom line in community benefit is the Empowerment Village.
“The Village will create a community for our graduates and others like them, where, as new members to the workforce, they will effectively apply all that they have learned and can afford to live well and to thrive,” she added. For more information about the YWCA GLA visit ywcagla.org.
Icons of downtown 19
Authenticity at Alta Lofts
They’re in. are you?
Re-Purposed 1920s Building Lures Buyers
FROM $199,900 • FHA & VA Financing • Tour 2 fully decorated models • Industrial-style lofts, open living spaces
• Workout area, social room and BBQ area • Designated and secure parking • In Lincoln Heights near the Brewery, the Gold Line, Downtown LA, Dodger Stadium, Pasadena and Silverlake
200 N. SAN FERNANDO RD., LOS ANGELES Sales office unit #101
323.223.3100 | LIVEALTA.COM 3% broker cooperation Pricing and terms subject to change without notice. Please see salesperson for further details. 11LHA306
11LHA306 • ALTA LOFTS Icons DN - 11/7 4.660 X 6.295” • 10/6 & 10/20
lta Lofts in Lincoln Heights offers a unique residential opportunity that today’s buyers are embracing. Alta Lofts is a 1920s adaptive re-use building that blends its original architectural detailing with modern design and authentic loft-living spaces. Alta Lofts is further enhanced by FHA and VA financing, historically low interest rates, down payment assistance for qualified buyers, immediate move ins, and pricing from $199,900. With FHA and VA financing, and the option of only 3.5% down, many first-time buyers are taking advantage of this affordable opportunity and realizing the benefits of homeownership. Moreover, some Alta Lofts buyers may qualify for down payment assistance for the 10, pre-selected moderate income units, where a monthly payment could be as low as $1,196. Alta Lofts showcases raw, industrialstyle lofts. It artfully weaves the building’s original 1920s structure with contemporary design and amenities. There are 104 one- and two-bedroom flats and twostory lofts with up to 1,700 square feet. The four historic floors feature hard lofts with original oversized windows, exposed ducts, columns, and no drywall. The original windows have been retrofit-
Diversity at Mount St. Mary’s College A Liberal Arts College With a Proud Downtown Tradition
Mount St. Mary’s College is Sponsored by the Sisters of St. Joseph of Carondelet.
BEAUTIFUL HISTORIC CAMPUS | NEAR DOWNTOWN LA | SMALL CLASS SIZES OUR PROGRAMS: MA in Religious Studies | MBA | MA in Humanities MS in Education | MS in Counseling Psychology Doctor of Physical Therapy | MS in Nursing
FOR MORE INFORMATION call (213)477-2800 or visit us at www.msmc.la.edu/graduate-programs
20 Icons of downtown
ted with double panes. The fifth and sixth floors offer all-new modern, open-style lofts that reflect the look and feel of the original building. Lofts feature high ceilings, concrete floors (some floors), wood floors (some units), exposed walls and ceilings (in many units), central heat and air, plus laundry hook-ups. Upscale kitchens boast granite countertops and GE Energy-Star stainless steel appliances. Amenities include a large, first-floor courtyard, secured parking for residents, a social room and workout area plus outdoor barbecue area. There is an open-air fifth floor deck as well as ground-floor commercial space. Alta Lofts is at 200 N. San Fernando Rd. in Lincoln Heights. Call (323) 223-3100 or visit livealta.com. Connect on Twitter and Facebook.
ounded in 1925 by the Sisters of St. Joseph of Carondelet, Mount St. Mary’s College had its original campus at St. Mary’s Academy at Slauson and Crenshaw boulevards in Downtown L.A. After the purchase of property in the Santa Monica Mountains in 1928, the college built its Chalon Campus, which is home to its traditional baccalaureate degree program. The College’s Doheny Campus in the historic West Adams district near Downtown L.A. opened in 1962 on what was once the Doheny Family estate. The campus houses the Mount’s eight graduate degree pro-
grams, an associate in arts program, and the Weekend College baccalaureate degree program. Most of the Mount’s graduate degree programs are designed for working adults with classes offered in convenient evening and weekend formats. The college prides itself on the diversity of its student body and faculty, who represent a wide variety of religious, cultural, and ethnic backgrounds. Indeed, this diversity greatly enhances students’ preparation for involvement and leadership in this increasingly complex world. For more information about Mount St. Mary’s College visit msmc.la.edu.
An Academic Pathway to Success Los Angeles Trade-Technical College Prepares Students for the Future
he word “icon” means something that is universally admired. Los Angeles Trade-Technical College, with its rich history, unmatched career-technical programs and service to the Downtown community, certainly deserves the description as an icon of Los Angeles. The campus has been located in Downtown for 86 years, watching and contributing to the growth of the city. The vision of the college’s founder, Frank Wiggins, hasn’t changed much. Trade Tech still seeks to provide accessible and affordable vocational training in more than 60 trade programs, and because it is a public community college, it can provide the best educational value around. For those interested in pursuing a four-year university degree, it also provides an academic transfer pathway. But what gives Trade Tech its icon status? One reason is the innovative curriculum. The college prides itself on providing training that exceeds industry standards, incorporates technology and appropriately prepares students to be part of the future workforce. The school has crafted its courses to include emerging technologies such as weatherization, bio-fuels and solar, so that students have skills that will lead to careers in a truly global marketplace. And of course, it has embraced the tradition of vocational training. Programs like culinary arts, the oldest such program in the state, continues to provide training that propels graduates into restaurants and hotels throughout Southern California. A former culinary arts graduate was a finalist for a new show on the Oprah network. The fashion department, the very first discipline offered at the college, is considered one of the best community college programs in the field, and draws students from all over the world. Students frequently compete with peers from private colleges and
institutes, and routinely win awards for design and merchandising. Former students have gone on to win “Project Runway” and a T-shirt design competition for Fashion Night Out. The cosmetology department boasts back-to-back national champions in the Junior Style Stars hair competition. The campus itself is undergoing sweeping changes, with construction of new South Campus student services and technology buildings, a newly-renovated library, a new nursing and cosmetology building and plans for a state-of-the-art construction technology building on Grand Avenue. Trade Tech is clearly an icon of Downtown Los Angeles. It has trained students who have raised the city’s infrastructure, improved its commerce and touched its soul. For more information about Los Angeles Trade-Technical College, visit lattc.edu.
Icons of downtown 21
On a Mission The Downtown Center Business Improvement District Crafts a Bright Future
he downtown Center Business Improvement district (dCBId) is a coalition of more than 1,600 property owners within a 65-block area committed to enhancing the quality of life for all who live, work, play and visit downtown Los Angeles. Since its inception in 1998, the dCBId has continued its mission as the most valuable resource to downtown property and business owners. By providing safety, maintenance, marketing and economic development programs, the dCBId has been, and will continue to be, the catalyst for downtown revitalization. the dCBId operates a large safety and maintenance crew, also known as the Purple Patrol, which keeps the area safe and clean and provides much needed services that the city is unable to provide. over the past 10 years, the dCBId has also connected homeless individuals to needed services through its BId Action program. through strong economic development programs, the dCBId has recruited many new businesses to the area. over the past three years, the dCBId recruited and/or opened more than 90 new establishments, resulting in thousands of con-
struction and operational jobs, as well as generating millions in sales tax revenues. the organization’s current emphasis is the Seventh Street Corridor, between figueroa and Main Street, with the goal of attracting unique and vibrant retail businesses. the dCBId’s marketing efforts have also repositioned downtown L.A. as a hot destination for vibrant nightlife, dining and arts and entertainment. the dCBId’s website, downtownla.com, has become the most valuable resource for everything that is happening in downtown Los Angeles, while the group’s Ambassador team provides maps and valuable information to area visitors. For more information visit downtownla.com.
Advocates for Change Central City Association Builds a Legacy
ounded in 1924, the Central City Association of Los Angeles (CCA) has forged a pioneering path for the region’s business community and is considered the city’s premier advocacy organization. with more than 450 members, CCA has shaped public policy on critical economic issues and helped spearhead the renaissance of downtown Los Angeles. the 87-year-old group lobbies local and state government and advances policies aimed at improving the economic vitality of Los Angeles and the quality of life in downtown. the CCA’s advocacy creates bottom-line benefits for its members and
22 Icons of downtown
has been a leader in real estate and land use policy, retail and hospitality. Led by President and Chief Executive officer Carol Schatz, the CCA has cultivated a diverse and influential roster of dynamic members employing more than 350,000 people in Los Angeles County. Among the cross-section of industries are entertainment, technology, banking, law, insurance, trade associations and nonprofits. As the Central City Association carries on its mission, this landmark organization will continue to set the bar for business advocacy in Los Angeles. For more information visit ccala.org.
Innovating Breast Cancer Treatment The Los Angeles Center for Women’s Health On the Horizon at California Hospital
he American Cancer Society estimates that more than 300,000 women will be diagnosed with breast cancer this year — that’s almost one in eight women. And for many of those women, there is good news on the horizon — the Downtown Los Angeles horizon, to be exact. Opening soon, the Los Angeles Center for Women’s Health at California Hospital is a new multi-specialty center that provides specialized care for women who live, work and play in metropolitan Los Angeles. Among the Center’s areas of expertise is the treatment of breast cancer. Understanding that breast cancer is not just one disease — it presents in different forms each with its own unique characteristics — the Los Angeles Center for Women’s Health is introducing a key advancement in breast cancer treatment known as Intraoperative Radiotherapy (IORT). Dr. Dennis Holmes, FACS, a leading breast cancer surgeon and specialist at the Los Angeles Center for Women’s Health, uses this innovative technique that combines the power of radiation therapy with surgery. “As a breast cancer specialist, my approach has always been to identify the most powerful and least invasive treatment options, so patients can preserve as much of their
breast as possible and maintain their quality of life while fighting cancer,” says Holmes. “IORT allows the patient to receive radiation directly to the tumor site during breast cancer surgery in a single session, instead of the usual five to six weeks of chemotherapy.” This innovative therapy also gives more breast cancer patients the option to undergo nipple-sparing surgeries. This means they can receive the medical benefit of a full mastectomy, while leaving the nipple and areola fully intact. “A patient’s optimum chances for recovery are dependent on the quality of care she receives,” says hospital President Jerry Clute. “That’s why our specialists believe in caring for the whole person — from heart, breast and gynecological care to age management and menopause.” Located on the campus of California Hospital Medical Center, the Los Angeles Center for Women’s Health offers comfort, convenience and professional care from world-class physicians along with such concierge services as free transportation within the Downtown area, as well as early morning, lunch time and late afternoon appointments. At 1513 S. Grand Ave., Suite 400. For more information call (213) 742-6400 or visit lacwh.org.
Life happens... it’s what you do with it that counts! Introducing the Los Angeles Center for Women’s Health, a comprehensive facility dedicated to women in the prime of their lives. Our world class specialists specialize in you... so you can do what counts in life, whatever happens.
It’s happening downtown. OPENING SOON 1513 South Grand Ave. Suite 400 Los Angeles, CA 90015 (213) 742.6400
AD ONLY_DWNTWN_4.66x12.83.indd 1
10/24/11 12:10 PM
Icons of downtown 23
Feeding Los Angeles since 1917 Downtown LA’s best selection of international cuisine, fruits, vegetables,meats, poultry and fish from California and around the world.
One-Stop Shopping for All Angelenos Grand Central Market Continues a Nearly Century-Old Tradition in the Heart of the City
Monday - Sunday
9:00 A.M. to 6:00 P.M.
317 South Broadway,
between 3rd and 4th, Broadway to Hill (213) 624-2378 www.grandcentralsquare.com
Free 1 hour parking with $10 minimum purchase; Courtesy of the City of Los Angeles Dept. of Transportation Metro redline passengers exit Pershing Square
he historic Grand Central Market, housed on the ground floor of the Homer Laughlin and Lyon buildings, is a bustling bazaar that reflects the vibrant urbanity of downtown life. Each day, 40-plus vendors display rows of aromatic produce, a mind-boggling array of hard-to-find dried goods and spices, and some of the city’s tastiest Mexican, Salvadoran, Middle Eastern, Chinese, Italian, Japanese, and American cuisine. Built in the heart of downtown in 1917 at a time when upscale open-air markets were common, the Grand Central Market stands as a testimonial to the city’s cultural and geographic transformation. Along with the adjacent Million dollar theater Building, the Homer Laughlin Building and the Grand Central Market underwent a major renovation in the 1990s under the direction of developer Ira Yellin. As part of the restoration, office space in the Million dollar and Homer Laughlin buildings was converted into 121 residential units, and a variety of architectural and seismic improvements were made to
the buildings, including updating and enlivening the market stalls, and reopening blackened skylights. the 611,000-squarefoot renovation insured that the market would continue serving Angelenos for years to come. today Grand Central Market remains one of the most popular destinations in Los Angeles. Across the bustling marketplace, a lively scene reveals shoppers indulging in a vast array of seasonal fruit and vegetables. Spice vendors display an eclectic assortment of seasonings for just about any culinary endeavor. the wide assortment of international cuisines makes Grand Central Market the ideal place to sit down and enjoy a different delicious meal each day of the week. the variety of tenants helps make Grand Central Market the perfect one-stop shopping experience for all Angelenos. Grand Central Market is at 317 S. Broadway, between Third and Fourth, Broadway and Hill streets and is open daily from 9 a.m. to 6 p.m. For more information visit grandcentralsquare.com.
A Creative Los Angeles Tradition At Pilgrim School, Students Thrive With a Mix of Technology and Fine Arts
ilgrim School has emerged as one of downtown’s precious gems, a school with a distinctive preschool program that begins at age two, and continues through high school with a college preparatory program and 100% college acceptance rate. Small class size and a strong community spirit offer each student the ability to develop their unique strengths. Located just five minutes west of downtown at the corner of Sixth Street and Commonwealth Avenue, Pilgrim School was established in 1958 as a division of first Congregational Church. Pilgrim prides itself on offering an education that is both creative and traditional, based on sound moral values and a student-created honor code. Pilgrim is a 1:1 laptop school and is piloting an iPad program that will expand to the entire school; technology is state-of-the-art, while the Brown family fine Arts Center offers students the opportunity for an extensive handson education in the fine arts. Pilgrim School offers a unique opportunity for all students to interact with artists and writers through the Visiting Artists and writers Program. Artists such as farrah Karapetian, McLean fahnestock and Kim
24 Icons of downtown
Abeles, and authors such as Betty Birney, Charles Harper webb, Susan Goldman Rubin and Brendan Constantine spend time with students beginning in kindergarten. the program recently held its first public event with author Lisa See, who led a fascinating discussion of Chinese and Chinese-American history, and accepted a special proclamation as an icon of Los Angeles from City Councilman tom LaBonge. Pilgrim is committed to the education of the whole student: traditional academics, state-of-the-art technology, a strong foundation in the arts, and a place in athletics for every student. To learn more about Pilgrim School or to tour the historic campus, call (213) 3555204 or visit pilgrim-school.org.
Forty Years of Success and Growth The Los Angeles Convention Center Reflects the Best of Los Angeles
ne of the most technologically advanced convention and exhibition centers in the world, the Los Angeles Convention Center (LACC) celebrated its 40th anniversary this year. Committed to performing as an economic and jobs engine for the region through primary and secondary client spending, the employees of the LACC continually strive to not only maintain its current client base, but to attract new clients, driving higher revenues to the City of Los Angeles. The LACC’s vision is to inspire a “beyond excellence” culture that establishes itself as the only venue of choice for its customers, the only employer of
choice for its employees, and the most enduring symbol of environmental sustainability and social responsibility for its community and future generations. LACC attracts more than 2.5 million visitors annually and is renowned internationally as a prime site for conventions, trade shows, exhibitions and special events. An integral economic component to the Southern California area, total sales from client secondary spending tops $1.1 billion annually, generating and sustaining more than 12,000 local jobs. Always striving for success, the LACC has in the past 12 months been honored with the prestigious US Green
Building Council’s LEED-EB GOLD Certification, an unprecedented accomplishment for a facility of its size and age. Halfway through the year LACC was among one of only eight organizations, public or private, to be awarded the California Award for Performance Excellence, which is California’s barometer for business excellence. LACC went on to receive the Industry Leader Award through the Los Angeles Business Journal. LACC then ended the year by winning the Los Angeles Architectural Award for Green Buildings awarded by the Los Angeles Business Council. For more information, please visit lacclink.com.
A Los Angeles Icon Celebrates 40 Years of World Class Service
Conventions Trade Shows Meetings Banquets Special Events ...and more
1201 South Figueroa Street Los Angeles, CA 90015 213-741-1151 www.lacclink.com
Icons of downtown 25
The Outdoor Heart of Downtown Pershing Square Serves Angelenos for 145 Years
ershing Square is located in the heart of downtown Los Angeles and is considered one of the most unique facilities the department of Recreation & Parks retains. dedicated in 1866 and originally named La Plaza Abaja (the Lower Plaza), the “Square” underwent its first renovation in 1911 to reflect the social and economic growth of the city. during world war II the park was used for receptions for the militia and provided a public forum much like London’s Hyde Park Corner. In 1918 the park’s name was formally changed to Pershing Square in honor of the world war II general. the department of Recreation & Parks, the Pershing Square Property Association and the Community Redevelopment Agency joined to renovate the park once again in 1989. Pershing Square features an open and elevated Mayan-style amphitheater, a grove of orange trees that pays tribute to Los Angeles’ agricultural roots, and at the south end is a large river rock-lined circular fountain with a time-released water flow creating a tidal action. Artists Ricardo Legorreta, Laurie olin and Barbara McCarren helped design Pershing Square. Pershing Square hosts a variety of free events for the Southland community.
Mikawaya Continues a Century of Innovation
inal g i r O e h “T est” B e h t &
Mango • Chocolate • Vanilla Strawberry • Kona Coffee Red Bean • Green Tea Celebratin g
RAL U T A N A L L re s e r vat i ve s No P
100 Years! pronounced ME-KAH-WAH-YA
Look for the box at fine grocers everywhere! MIKAWAYA LocAtIons Japanese Village Plaza: 118 Japanese Village Mall, Los Angeles, CA 90012 • (213) 624-1681 Little Tokyo Galleria: 333 S. Alameda St., Los Angeles, CA 90013 • (213) 613-0611 Pacific Square: 1630 W. Redondo Beach Blvd., Gardena, CA 90247 • (310) 538-9389 Mitsuwa Plaza: 21515 Western Ave., Torrance, CA 90501 • (310) 320-4551
www.mikawayausa.com 26 Icons of downtown
downtown on Ice, an outdoor ice rink, runs from mid november to mid January each year. the rink is decorated in holiday fashion and celebrates a variety of seasonal events as well as an evening and lunchtime concert series. the Pershing Square downtown Stage is an eight-week summer concert series with live concerts three nights a week. Artists presented on the downtown Stage have included the English Beat, flock of Seagulls, Paula Cole, Motels, fishbone and ten thousand Maniacs. friday night flicks is a free film program that runs every friday night from June through october presenting movies from black and white to new releases. Pershing Square also runs a Mobile Youth Program that provides free arts and crafts, sports, games and summer and winter day camps. Yearly events include art shows by the Art Squared City Scape outdoor Gallery; the St. Patrick’s day free lunchtime concert celebration; Meet Your neighbor day; and the Pershing Square downtown discover Bike Ride. the venue also serves as a major location for television shows, films, and private parties. Pershing Square is at 532 S. Olive St. Call (213) 847-4970 or visit laparks.org/pershingsquare.
or more than 100 years, Mikawaya has sold traditional Japanese confections, called wagashi, to Little tokyo and Los Angeles residents. over the decades, this once humble bakery has grown into a thriving, multi-million-dollar-a-year business — thanks to the invention of its signature mochi ice cream — and established itself as a community icon. President and CEo frances Hashimoto took over the business from her family in 1970. today she oversees five retail stores, a 40,000-square-foot bakery and warehouse downtown, and a 100,000-squarefoot facility in Vernon, where the company manufactures its pastel-colored mochi ice cream encased in pillowy rice dough. Mikawaya produces the product for major grocers such as trader Joe’s and Ralphs. Invented in 1984 by the company’s chief financial officer, Joel friedman (who is also Hashimoto’s husband), mochi ice cream blends an American favorite with a traditional Japanese confection. Mikawaya offers seven flavors (strawberry, vanilla, chocolate, green tea, mango, coffee and red bean) as well as Mochilato, which replaces ice cream with gelato. the company’s new line of “exotics” features ice cream flavors such as yuzu (a citrus fruit flavor common in Japan), several different varieties of green tea and ginger.
Mikawaya began in the early 1900s at 365 E. first St. In 1910, Ryuzaburo Hashimoto purchased the bakery, and brought in his nephew Koroku Hashimoto, and Koroku’s wife Haru, to help. In 1925, Ryuzaburo returned to Japan and the couple continued running the business. they ran the business until 1942 when they were forced to close due to the war. the Hashimoto family, along with thousands of other Japanese-American families, was moved to an internment camp in Arizona. frances Hashimoto was born in the camp. when the family returned to Little tokyo in december 1945, they quickly reopened the store next door to its original location. As Mikawaya embarks on a new century, Hashimoto and friedman have found a way to seamlessly blend two cultures into one unique product. For more information visit mochiicecream.com.
Where to GO when the bank says NO. Capital access isn’t everything, it’s the only thing!
How Main Street Can Survive Without Wall Street
ederal Reserve Chairman Ben Bernanke spoke in July 2010 about banks’ failure to lend to small and medium-sized businesses (defined as companies with fewer than 100 and 500 employees, respectively). If this continues, the adverse effects on the economy cannot be understated, as small businesses employ approximately half of all Americans and are responsible for almost 60 percent of gross job creation, according to Bernanke. Additionally, small businesses that are less than two years old are credited with approximately twenty-five percent of gross job creation over the past 20 years, even though they employ less than 10 percent of the workforce. So why have bank loans to credit-worthy businesses dropped by more than $40,000,000 between the second quarter of 2008 and the first quarter of 2010, especially when a hefty part of the stimulus money was given to banks so they could lend to small and medium-sized businesses? And what can be done to reverse this troublesome trend? The answer to the first question is simple. Banks exist to take deposits, make short-term loans and produce returns for their shareholders, not to promote economic development with lending that they consider “risky.” The second question has numerous answers, which, if combined, can change the economic outlook for Main Street. Community Development Lenders First, if banks aren’t going to make these loans, smaller community-based lenders, known as Community Development Financial Institutions (CDFIs), can fill some of the void. A US Department of Treasury certified CDFI is a financing entity with a primary mission of promoting community development and is free from government control. Many CDFIs have the technical and financial expertise of banks, but a different mission – to help small businesses in underserved areas, spurring economic development and job creation. CDFIs are not regulated and can facilitate a number of different types of loans customized to the needs of smaller businesses, including microloans (loans that are between $5,000 and $75,000), SBA 7(a) and 504 loans, which are the technical names for general business loans and commercial and industrial loans that fund acquisition or expansion of facilities and equipment, respectively. In addition, some CDFIs have the expertise to arrange private activity tax-exempt bonds – commonly referred to as Industrial Development Bonds (IDBs) or 501[c] non-profit bonds – that are frequently used to stimulate economic development or support the increased delivery of social services. CDFIs can have a very real and very positive impact on local economic development and business expansion. Take the example of the Old Bank District and pioneering developer, Gilmore Associates. The Old Bank District, centered around Fourth and Main streets, is a mixed-use loft district, with many of the historic buildings being converted to residential use under the city’s adaptive reuse ordinance. At the same time, a growing number of restaurants, coffee shops and bars are contributing toward the revitalization of this neighborhood. Without the Los Angeles LDC’s $2,500,000 of predevelopment and expansion lending, the initial phase of the $33,500,000 of funding to convert the 1st historic office buildings, into lofts, could not have happened. Its lending sparked the transformation of empty buildings, which a decade later, are now the backbone of a vibrant neighborhood that is learning to coexist next to Skid Row. At the other end of the spectrum is the Sylmar-based company, Drapes 4 Show, Inc. Established in 1983, Drapes 4 Show is a family-owned manufacturer of table skirting, linens and other hospitality related items. The company had reached capacity at its 6,500 square foot factory in Calabasas, and believed that its best solution was to leave Los Angeles and move to Las Vegas. Drapes 4 Show’s last hope to stay in Los Angeles and retain its 30 employees rested in the acquisition of a vacant 18,000 square foot building in Sylmar, which would provide for future growth and was closer to where most of the company’s employees lived. The budget for the relocation was $3,600,000, 75 percent of which was needed to purchase the property. Los Angeles LDC, a local CDFI, arranged a $1,800,000 bridge loan that enabled Drapes 4 Show to acquire the building, as well as a $1,800,000 million variable rate IDB and a $300,000 revolving line of credit. This customized financing package allowed Drapes 4 Show to acquire and renovate the Sylmar building and have adequate working capital to move its plant there. This financing, obtained through a local CDFI, enabled a San Fernando Valley-based company to remain in the Valley and move closer to the neighborhoods where their 30 full-time employees live. Since 2007, the Office of the Comptroller of the Currency that surveys senior loan officers at national banks has continued to report that credit has been tightened by an average of 56% each year, with 2010 reporting a 65% increase. Everyone along Main Street believes that commercial lending remains tight, and for many of these cash-strapped borrowers to expand and hire, they have been left to fend for themselves in a tight credit market. We are under no illusion that community development lenders, can completely make up for the failure of large institutional banks to lend to Main Street businesses. But our industry is a much-needed step on the road to recovery, and if allowed access to capital a responsible partner to financial institutions, local government and the business community. Michael Banner is President and CEO of Los Angeles LDC, Inc., a non-profit Community Development Financial Institution
Michael Banner, President and CEO of the Los Angeles LDC, Inc.
Mission Statement To provide needed debt or investment capital to develop and grow new, emerging or long-standing small and medium sized businesses throughout our targeted markets. Loans and investments funded by the LDC shall be used to encourage additional private investment and stimulate job creation and/ or retention in the greater Los Angeles region.
A Community Development Financial Institution
Los Angeles LDC, Inc. 1200 Wilshire Boulevard, Suite 404 Los Angeles, CA 90017
213-362-9113 or 800-366-1178 www. losangelesldc.com
Defining the Skyline NEW YORK | BOSTON | WASHINGTON, DC | LOS ANGELES | HOUSTON | SAN FRANCISCO | DENVER | MINNEAPOLIS TORONTO | CALGARY | OTTAWA | EDMONTON | VANCOUVER | MELBOURNE | PERTH | SYDNEY | LONDON
Figueroa at Wilshire
Bank of America Plaza
Ernst & Young Plaza