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Category: Los Angeles, California Local News

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  • “CSI” Creator Sells Malibu Beach House for $15M

    “CSI” Creator Sells Malibu Beach House for $15M

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    Anthony Zuiker, the mastermind behind the television franchise “CSI,” sold his beach house in Malibu for $15.3 million on Feb. 15, according to the listing on Zillow.

    The property, which is located at 31504 Victoria Point Road, is a single-family, four-story house built in 1976.

    Zuiker bought it from basketball star Kevin Durant in 2019 for $12.15 million, according to data compiled by Zillow and media reports at the time.

    It’s a moderately priced home for Malibu, with recent sales including interior designer and developer Saffron Case selling a 4,000-square-foot house along Carbon Beach for about $29 million in December.

    Also in December, rapper and entrepreneur Kanye West sold his home for $53 million, after purchasing it for $57.25 million two years prior. Last year, Beyonce and husband Jay-Z paid $200 million for a Malibu mansion, the highest price for a home in California history.

    Zuiker was looking to rent out the Malibu beach house last year for $90,000 per month and then listed it for sale in September, according to Zillow records.

    Back in 2019, the television producer sold another Malibu property, a 5,500-square-foot home, to NBA player Chandler Parsons for $9.25 million, Variety reported.

    The house features a third-story entrance, family room, kitchen, dining room, bedroom and the grand living room with ocean views, according to listing notes. Down one level is a mezzanine-style sitting room and two ensuite bedrooms. The bottom floor is a beach-level media suite, plus a full kitchen and a guest bedroom. The top floor includes an office space.

    Chris Cortazzo of Compass held the listing. David Parnes and James Harris with The Agency represented the unidentified buyer.

    Zuiker as well as the agents representing both sides of the deal did not respond to a request for comment.

    The show “CSI: Crime Scene Investigation” launched in 2000 focused on the Las Vegas Police Department. The concept later spawned three other television series.

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  • 13 pit bulls euthanized, including 8 puppies, after owner is mauled to death

    13 pit bulls euthanized, including 8 puppies, after owner is mauled to death

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    Authorities have euthanized all 13 pit bulls that were found in a Compton man’s backyard, where he was mauled to death last week.

    The dogs — five adult pit bulls and eight puppies — were all put down “due to evidence linking them to the attack,” according to a statement from Don Belton, spokesperson for the Los Angeles County Department of Animal Care and Control.

    “Given the potential threat they posed to the community, this action was deemed necessary,” Belton said. He didn’t immediately respond to questions about what evidence led to the decision.

    Deputy Miesha McClendon, a spokesperson for the L.A. County Sheriff’s Department, said there were no updates in the case Tuesday night but that the decision to euthanize the dogs was made by Animal Care and Control.

    Initially, deputies said the dogs’ owner had been mauled by one or more of his pit bulls.

    The owner was identified as 35-year-old Dominic Cooper, according to KTLA-TV Channel 5.

    Deputies and firefighters responded to a call about a person who appeared to have been attacked by his dog on North Thorson Avenue in Compton early Friday, according to the Sheriff’s Department.

    Upon arriving, they encountered the 13 dogs. Sheriff’s investigators initially said it appeared that Cooper had been feeding them when he was attacked.

    Animal control officials said he appeared to have been involved in breeding and selling pit bulls.

    Animal control later took them all of the dogs into custody with the consent of Cooper’s father, according to the agency.

    Times saff writer Karen Garcia contributed to this report.

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  • Malibu landslide sends boulders tumbling onto canyon road

    Malibu landslide sends boulders tumbling onto canyon road

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    What to Know

    • Malibu Canyon Road was closed in both directions due to a slide.
    • The hillside crumbled during overnight rainfall from a storm that soaked Los Angeles for three days.
    • Another storm is expected to add to already historic February rainfall.

    Rocks and dirt tumbled down a rain-soaked hillside Wednesday and piled up on a canyon road in the Malibu area.

    A photo from the California Highway Patrol showed a large pile of boulders on Malibu Canyon Road. The road is closed in both directions at Piuma Road due to the slide.

    A car was damaged in the slide, but no injuries were reported.

    Drivers were advised the road will remain closed for two to three days.

    Several other slides were reported after a third straight day of rainfall in the Los Angeles area.

    All lanes of Pacific Coast Highway were closed just west of Corral Canyon in Malibu due to mudslides. There was no estimated time for reopening.

    Part of Benedict Canyon Road was restricted to local access only due to a collapsing roadway. The closure was in effect from Mulholland Drive to Hutton Drive.

    Mulholland Drive remained closed between Skyline Drive and Bowmont Drive due to slides at four locations. That closure was expected to last weeks.

    The Skirball Center Drive/Mulholland Drive off-ramp from the northbound 405 Freeway was closed until further notice due to a sinkhole.

    The latest storm comes on the heels of an early February storm that shattered several rainfall records. The system is moving out of Southern California Wednesday, but another storm might bring rain Sunday and Monday.

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    Jonathan Lloyd

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  • Sen. Rand Paul tackles the pandemic in his new book at Reagan Library

    Sen. Rand Paul tackles the pandemic in his new book at Reagan Library

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    Sen. Rand Paul, Republican of Kentucky, discussed his recently released book at the Ronald Reagan Presidential Library in Simi Valley on Tuesday, February 20.

    In his book “Deception: The Great Covid Cover-Up,” released in October and published by Regnery Publishing, Paul slammed Dr. Anthony Fauci, former director of the National Institute of Allergy and Infectious Diseases for misleading the nation about the origins of the pandemic, which he said emerged from a research lab in Wuhan, China.

    Paul is a former physician, was first elected to the U.S. Senate in 2010, and since then has advocated for limited government and fiscal conservatism among other issues. The author of six books, he graduated from Baylor University and Duke University School of Medicine with a degree in ophthalmology. Paul is also the founder of the Southern Kentucky Lions Eye Clinic, which provides eye exams and surgery to low-income families.

    In April, Paul accused Former Chief Medical Advisor to the President Anthony Fauci of committing “one of the worst judgment errors” in his tackling of the pandemic.

    During Tuesday’s event attended by several hundreds of guests, Paul said that Fauci had funded research at Wuhan Virology Institute in China that eventually caused the COVID-19 pandemic.

    In a report released last year, U.S. intelligence agencies wrote that there was no evidence that the pandemic started from China’s Wuhan Institute of Virology. The report by the Office of the Director of National Intelligence found that the U.S. intelligence agencies didn’t rule out the possibility that the pandemic originated from the lab. The agency also didn’t pinpoint what had caused the outbreak.

    Christopher Wray, the FBI director, said last year that his agency has studied the origins of the pandemic and found that it stemmed from an incident that happened at the lab in Wuhan. The Chinese government has long denied the claims that it started in their country.

    Asked during the Q&A session what has to happen to military members who refuse to get the COVID-19 vaccine, Paul said military personnel along with firemen, policemen, nurses, and doctors “should be reinstated with back pay.”

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    Olga Grigoryants

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  • Jeff Bezos unloads around $2.4 billion in Amazon stock – Los Angeles Weekly Times

    Jeff Bezos unloads around $2.4 billion in Amazon stock – Los Angeles Weekly Times

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    Jeff Bezos attends at “The Lord Of The Rings: The Rings Of Power” World Premiere in August, 2022.

    Dave J Hogan | Getty Images Entertainment | Getty Images

    Amazon founder and executive chairman Jeff Bezos unloaded more than 14 million shares of his company valued at roughly $2.4 billion, bringing the total sold since the start of the month to 50 million.

    The sales began late last week and continued through Tuesday, according to a securities filing. In total, Bezos sold 14,006,906 shares in the company for about $2.37 billion, the filing states.

    The sales were executed under a prearranged trading plan that Bezos adopted in November and disclosed earlier this month, which said he could sell up to 50 million Amazon shares before Jan. 31, 2025.

    Bezos sold about 12 million Amazon shares, worth approximately $2.03 billion, last week, in addition to another tranche of 12 million shares just days before. He unloaded another 12 million shares the week before that.

    Bezos hadn’t sold Amazon’s stock since May 2021, the year he stepped down as Amazon’s CEO, prior to the latest flurry of sales. He gifted about $240 million worth of Amazon shares last year.

    Bezos’ stock sales have accelerated since he announced last November he would leave Seattle and move to Miami, allowing him to be closer to fiancée Lauren Sanchez and his parents, as well as Blue Origin’s operations.

    Clarification: This story has been updated to reflect that Bezos unloaded around $2.4 billion in stock

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  • Caltrans crews working to keep canyon routes to PCH clear during storm

    Caltrans crews working to keep canyon routes to PCH clear during storm

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    MALIBU, Calif. (KABC) — With this week’s storm shaking debris and mud loose from Southern California hillsides, Caltrans crews have been busy keeping canyon routes clear.

    Canyon routes from the San Fernando Valley and Ventura County to Malibu, including Topanga Canyon Boulevard and Malibu Canyon Road, remain open as of Tuesday afternoon.

    Caltrans crews were positioned in advance of the storm in areas known to be prone to flooding. They were staffing the area 24 hours a day, rotating in 12-hour shifts, checking drainage systems and carrying pumps in areas prone to flooding.

    “Everybody was pretty much all hands on deck,” said Caltrans spokesman Jim Medina.

    On Monday, falling boulders blocked at least one lane of Pacific Coast Highway just north of Topanga State Beach. By Tuesday the lanes were cleared.

    “I think we’re doing fairly well,” Medina said. “We still have to get through today and tomorrow.”

    In Ventura County, tourists and locals were watching massive waves break on the beach and splash up. In areas near where the river flowed into the ocean, the water appeared much muddier than usual.

    Authorities are asking Southern California drivers to stay off the roads during the current storm when possible. The roads remain slick, prone to flooding and damaged by potholes.

    Copyright © 2024 KABC Television, LLC. All rights reserved.

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  • NASA seeks volunteers for yearlong Mars simulator mission

    NASA seeks volunteers for yearlong Mars simulator mission

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    NASA is looking for four people to spend a year living in a simulated version of Mars, the administration announced Tuesday

    The mission, set to kickoff spring 2025, aims to shape the agency’s plans for human exploration of the Red Planet and will be the second part of mission CHAPEA, the Crew Health and Performance Exploration Analog. 

    The four person volunteer crew will live and work inside a 1,700-square-foot 3D-printed habitat at the Johnson Space Center in Houston. 

    The habitat, which is called the Mars Dune Alpha, simulates similar challenges that a mission on Mars would present, including resource limitations, equipment failures, communication delays and varying environmental stressors. 

    The crew will be tasked with robotic operations, habitat maintenance, exercise, crop growth and simulated spacewalks. 

    Applicants should be U.S. citizens or permanent residents between the ages of 30 and 55, proficient in English and a non-smoker. In addition to the basic requirements, NASA said applicants must have a master’s degree in a STEM field with at least two years of professional experience and one thousand hours piloting an aircraft. 

    Candidates who have either completed two years of work toward a doctoral program in STEM, have completed a medical degree, or have done a test pilot program will also be considered. 

    “Applicants should have a strong desire for unique, rewarding adventures and interest in contributing to NASA’s work to prepare for the first human journey to Mars,” the Tuesday release said. 

    The deadline to apply is April 2 and compensation for participating in the mission is available, but no additional details on pay were laid out. 

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    Kyla Russell

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  • Biden arrives in Los Angeles today for fundraiser at Israel supporter’s home

    Biden arrives in Los Angeles today for fundraiser at Israel supporter’s home

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    President Biden is scheduled to arrive in Los Angeles today for a campaign fundraiser at the home of Israeli American media mogul Haim Saban, possibly setting off protests over the U.S. role in Israel’s war against Hamas.

    Tension has been mounting within the Democratic Party over Biden’s support for Israel as it bombards the Gaza Strip in retaliation for Hamas’ Oct. 7 attack on Israel.

    The Biden administration has been a steadfast ally to Israel, preparing to send additional weapons to the nation even as the president has described the military campaign against Gaza as “over the top” and reportedly privately expressed frustration with Israeli Prime Minister Benjamin Netanyahu.

    The administration has called for a temporary cease-fire in a draft resolution submitted to the United Nations Security Council, according to a CNN report Monday.

    But the issue has divided California Democrats — in November, their convention was shut down early after about 1,000 protesters stormed into the Sacramento venue.

    In December, the last time Biden visited Los Angeles to raise money, demonstrators staged major rallies in support of Palestinians, calling for a cease-fire in Gaza and an end to U.S. financial and military aid to Israel. Vandals spray-painted “Baby killers,” “LA says no to Genocide Joe” and “Ceasefire now!!! End the war crimes!” on buildings in the Westwood area.

    Such protests could recur today. Saban is a major Israel supporter, and other hosts of the fundraiser have deep ties to the Jewish community. Co-host Leslie Gilbert-Lurie is a former television executive who has written a book about her experience as the daughter of a Holocaust survivor, and co-host Nicole Mutchnik is vice chair of the Anti-Defamation League, which fights antisemitism and other forms of bigotry. Other co-hosts include Casey Wasserman, chair of the Los Angeles Olympic Organizing Committee; StubHub co-founder Eric Baker; former Obama Ambassador to Germany John Emerson and former studio chief Bob Daly. Tickets for the event cost up to $250,000.

    Biden has to thread a careful line, so as to not alienate core segments of the Democratic coalition — Jewish voters, young people and people of color who are key to his reelection effort. Biden administration officials met this month with Arab American and Muslim leaders in Michigan in an attempt to foster relationships with a community that could influence who wins the crucial swing state in this year’s election.

    A super PAC supporting former President Trump, Biden’s likely opponent in the November general election, has seized on tension over the Israel-Hamas war as Biden arrives in California. It is running digital ads targeting social media users in Saban’s ZIP Code that focus on White House officials’ meeting with Osama Siblani, a Michigan newspaper publisher who has previously praised the militant groups Hamas and Hezbollah.

    “Joe Biden continues to embrace America’s enemies. The White House’s embrace of Osama Siblani is an affront to the dozens of Americans and hundreds of Israelis who lost their lives on Oct. 7, and the millions of Israelis who wake up every morning under siege by Islamic terrorism,” Alex Pfeiffer, spokesman for the MAGA Inc. super PAC, said in a statement.

    Biden’s campaign did not respond to a request for comment on the attack ad.

    This is probably Biden’s last trip to California before Super Tuesday on March 5, when California and more than a dozen other states hold primary elections. In the 2020 presidential contest, his campaign raised $145.4 million from Californians, the most of any state in the nation, according to campaign finance disclosures filed with the Federal Election Commission. (And that doesn’t include donations to super PACs and other groups that supported his bid.)

    His campaign’s fundraising efforts were stymied last year by the entertainment industry strikes.

    On Tuesday, the campaign announced that the combined groups supporting Biden’s 2024 presidential campaign raised more than $42 million in January and had $130 million in the bank, the most any Democratic presidential candidate has had at this point in the electoral cycle.

    “January’s fundraising haul — driven by a powerhouse grassroots fundraising program that continues to grow month by month — is an indisputable show of strength to start the election year,” campaign manager Julie Chavez Rodriguez said in a statement.

    The president is expected to speak at an official event Wednesday before leaving the Southland and heading to the Bay Area, where he is scheduled to hold additional fundraisers before leaving the state on Thursday.

    The Associated Press contributed to this report.

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    Seema Mehta

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  • Invincible: Guarding the Globe, Ubisoft’s Free-to-Play RPG, Launched on iOS, Android – Los Angeles Weekly Times

    Invincible: Guarding the Globe, Ubisoft’s Free-to-Play RPG, Launched on iOS, Android – Los Angeles Weekly Times

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    Ubisoft has released a new Invincible mobile game, based on Robert Kirkman’s popular comic book series and its hit TV show adaptation. The studio launched Invincible: Guarding the Globe, a free-to-play idle RPG, on Monday. The game is now playable on iOS and Android devices and is also available on the Amazon store. The Invincible mobile game will let players take part in squad-based battles and repel invading alien forces.

    Invincible: Guarding the Globe is set in the same world from the comic books and the TV show and will feature characters like Invincible, Atom Eve, Omni-Man and more. Players can build a superhero squad of up to five members and take on invading hordes of Flaxans, Reanimen, and Magmanites. Ubisoft says that players would have to carefully choose their team, balancing attackers, defenders and support heroes.

    While the mobile title is thin on story, there’s a narrative context to gameplay: As an agent of the Global Defense Agency, players will recruit and deploy heroes to defend the planet against new threats. Missions will unfold on a chapter-basis, with each new chapter bringing new challenges, objectives and rewards.

    There’s a gear system, too — heroes can be equipped with up to four types of gear items and one artifact to receive buffs. Gear can also be upgraded to boost the hero’s stats. Players can also wage multiple battles at the same time in the background and passively earn rewards over time.

    While the game is free-to-play, it features in-app purchases and an in-game currency, with the Apple App Store listing starter packs and bundles starting from Rs. 499 and going up to Rs. 9,990. On iOS, Invincible: Guarding the Globe requires 225.5MB of storage, but additional storage space may be required for downloadable content.

    The game is out now on both iOS and Android and is also available via the Amazon app store.


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    Read the original article here

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  • Burbank Police Wants Public to Discuss Report on Military Equipment

    Burbank Police Wants Public to Discuss Report on Military Equipment

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    Assembly Bill 481 (AB 481) was introduced to increase transparency and accountability for the funding, acquisition, and use of military equipment by state and local law enforcement agencies. On September 30, 2021, Governor Newsom signed into law AB 481, which went into effect on January 1, 2022, and adds California Government Code Sections 7070 through 7075.

    AB 481 requires law enforcement agencies to author an annual military equipment report, which shall include a description of each type of military equipment, quantity in inventory, capabilities, purchase cost, purpose, authorized use, expected life span, fiscal impact, and usage for the year.

    After the report has been posted on the law enforcement’s website, a community meeting shall be held to allow the public to ask questions and discuss the report. The Burbank Police Department is committed to transparency, public trust, community partnerships, and compliance with the law. As such, the Department has authored the 2023 Annual Military Equipment Report in accordance with the requirements set forth in AB 481.

    The Burbank Police Department invites City of Burbank residents to attend a community meeting to discuss the annual military equipment report.

    Date: February 21, 2024
    Time: 5:00 P.M.
    Location: Burbank City Hall – City Council Chamber 275 East Olive Avenue, Burbank, California 91502

    City of Burbank residents may also offer comments by calling (818) 238-3335 on Wednesday, February 21, 2024, beginning at 5:00 P.M.

    Residents unable to attend in person will have the option to watch the meeting online on the City of Burbank YouTube channel and on local TV 6.

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  • Storm closes Sepulveda Basin in LA, evacuation warning in place for street southeast of Calabasas

    Storm closes Sepulveda Basin in LA, evacuation warning in place for street southeast of Calabasas

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    LOS ANGELES — Steady rain fell across much of Los Angeles County on Monday as a three-day storm arrived, accompanied by numerous flood watches and at least one evacuation warning as authorities urged caution on area roads.

    Forecasters reported rainfall rates of 0.10 to 0.25 inch per hour early Monday, but nearly a half-inch per hour in the Santa Monica Mountains, which had already received 3 inches of rain by Monday morning.

    Flood watches and flood advisories were in effect through Wednesday morning over much of Los Angeles County, and the National Weather Service said “there have been many reports of rockslides, mudslides and flooded roads” Monday in Santa Barbara, Ventura and Los Angeles counties.

    Los Angeles officials said on Monday afternoon that multiple city departments worked together to close the Sepulveda Basin “for the safety of pedestrians and motorists.” It was closed between Burbank Boulevard and Hayvenhurst Avenue, and Victory Boulevard and Woodley Avenue due to flooding.

    An evacuation warning was issued along Santa Maria Road north of Topanga Canyon Boulevard, southeast of Calabasas, due to possible mud/debris flows from 9 a.m. Monday through 9 a.m. Wednesday.

    LA County Public Works officials issued a “phase 2 debris flow forecast” for the Land Fire burn area east of Sun Valley. The alert will be in effect from 9 a.m. Monday to 9 a.m. Wednesday, according to the Los Angeles Fire Department, which said moderate flooding and mudflow/sediment deposition should be anticipated in the area of McDonald Creek, Del Arroyo Drive and La Tuna Canyon Road.

    “If conditions worsen, evacuation orders may be issued and evacuation sites will be identified,” the LAFD said. “Take action now to be ready to quickly evacuate if you live on the streets along La Tuna Canyon Road with the borders of Horse Haven Street to the north, Martindale Avenue to the east, Penrose Street to the south, and Ledge Avenue to the west.”

    Farther south, a portion of Benedict Canyon Road was restricted to local access only due to a collapsing roadway. The “soft closure” was in effect from Mulholland Drive to Hutton Drive, with Deep Canyon Drive suggested as an alternate route.

    A portion of Mulholland Drive remained closed to through traffic between Skyline Drive and Bowmont Drive due to severe road damage at four locations. That closure was expected to last weeks, officials said.

    The Skirball Center Drive/Mulholland Drive off-ramp from the northbound San Diego (405) Freeway was closed until further notice due to a sinkhole.

    Other road closures due to flooding or debris were the Interstate 5 south transition to the southbound Harbor (110) Freeway, and Second Street between Vignes Street and Garey Street.

    In Rancho Palos Verdes, homeowners were dealing with reports of accelerated land movement and fears of further erosion. Los Angeles County Supervisor Janice Hahn urged Gov. Gavin Newsom to visit the area and observe the situation for himself.

    Flood fears are heightened due to the region’s already soaked terrain from storms earlier this year, prompting Los Angeles city officials to put comprehensive measures in place to manage the effects of the latest storm.

    The city’s Emergency Operations Center was activated to a Level 2 to monitor the impacts and coordinate the resources needed to respond to storm- related problems.

    “Over the past week, the City has worked to repair more than 4,000 potholes, reinforce hills that are at risk of mudslides and prevent power outages by making repairs to underground equipment and vaults that had flooded during the previous storm,” Mayor Karen Bass said Sunday on X.

    The city and county of Los Angeles activated the Augmented Winter Shelter Program to provide additional shelter options for people living on the streets. Both programs began Friday. Officials said the county’s last intake will be Tuesday, and the city’s last intake will be Wednesday.

    The Los Angeles Homeless Services Authority oversees and operates the program.

    Newsom activated the State Operations Center to help coordinate state, local and federal response to the storm.

    The storm is also expected to produce high surf and gusty winds in the mountains and foothills. Snow levels during the peak of the storm will be about 8,000 feet, lowering to around 7,000 feet Monday or Tuesday, with 5 to 10 inches possible between 6,500 and 8,000 feet.

    A high surf advisory will be in effect through 10 p.m. Tuesday in coastal Orange County, with waves up to 10-15 feet expected, and a coastal flood advisory is in effect until 9 a.m. Tuesday at Catalina Island.

    Dry weather with warming temperatures is expected to return Thursday and Friday, before another bout of light rain next weekend.

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  • Letter to the Editor: Rizzotti First to Throw His Hat into 2024 City Council Race

    Letter to the Editor: Rizzotti First to Throw His Hat into 2024 City Council Race

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    Letter to the Editor:

    Dear Fellow Burbank Residents,

    Chris Rizzotti

    I’m reaching out with excitement and a heart full of passion for our hometown – Burbank. It’s a place I’ve called home all my life, It has been an honor to serve on the City of Burbank Planning Board for the past 12 years and for the past several years, our City’s Charter Review Committee. It’s a privilege to now step forward and run for the Burbank City Council.

    This city, with its vibrant spirit and close-knit community, has given me so much. Now, it’s my turn to give back. I’m eager to bring a wave of fresh ideas and energy to the council, to tackle the challenges we face with creativity and critical thinking.

    Burbank is a community where everyone belongs, and I’m committed to ensuring it stays that way. From safeguarding our neighborhoods to advancing sustainable practices, and addressing the pressing issue of homelessness – these are not just policies to me, they’re personal commitments.

    I promise to be a listener first and foremost, always prioritizing your voices and your vision for our city. Working together, we can ensure Burbank continues to be a place we’re all proud to call home.

    Embarking on this campaign journey is a dream come true, and I’m looking forward to connecting with as many of you as possible. With your support, I believe we can achieve incredible things for our community.

    Thank you for considering my candidacy. Let’s make the future of Burbank as bright as its people.

    Warm regards,

    Chris Rizzotti
    Burbank

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  • Lancaster mother killed by LASD deputy after calling 911 is laid to rest

    Lancaster mother killed by LASD deputy after calling 911 is laid to rest

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    LANCASTER, Calif. (KABC) — The mother killed by a Los Angeles sheriff’s deputy in Lancaster back in December after she called for help in a domestic dispute has been laid to rest.

    Niani Finlayson’s family gathered for her service in Anaheim on Sunday.

    The 27-year-old was shot in front of her 9-year-old daughter on December 4 after deputies responded to a domestic violence call at an apartment in Lancaster.

    The L.A. County Sheriff’s Department claims she was threatening her ex-boyfriend with a knife. The department later released video of the shooting.

    In a 911 audio clip released by the sheriff’s department, Finlayson is heard telling the dispatcher that the man “won’t get of my house” and “he will not leave me alone.”

    “I need the police here right now. No, cause he won’t get his hands off of me,” Finlayson says, as she apparently argues with a man in the background.

    The L.A. County District Attorney’s Office is conducting its own independent review of the shooting.

    Finlayson’s family says the shooting was unjustified and has begun the process of suing the department and county for $30 million.

    Copyright © 2024 KABC Television, LLC. All rights reserved.

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  • CONSTRUCTION/NEW OFFICE LOCATION: Oltmans Construction Co. – Los Angeles Business Journal

    CONSTRUCTION/NEW OFFICE LOCATION: Oltmans Construction Co. – Los Angeles Business Journal

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    OLTMANS’ NEW OFFICE, NEW HORIZONS IN LAS VEGAS

    Having done business in Las Vegas since the 90s, Oltmans Construction Co. is pleased to announce our expansion from Henderson to Las Vegas, reflecting our commitment to expanding our services in Southern Nevada and improving support for our valued clients throughout the Southwest. We proudly hold an unlimited AB Contractor’s License in Nevada, with the ability to bond up to $125 million, single limit, and up to $350 million total with the support of Hartford Fire Insurance Company, an A+ XV rated company.

    We offer a wealth of resources in Nevada employing collaboration tools and project management software to facilitate smoother and more efficient construction processes. These tools help coordinate the latest drawing sets, updates, and construction documents to facilitate virtual job meetings and walks to address unforeseen conditions in real time.

    Oltmans’ open book and comprehensive preconstruction services help clients manage projects from conceptual planning to construction document delivery. We offer value-added services with a specialized approach to constructability and financial efficiency for our projects.

    Our primary goal remains unchanged – to better serve our clients and build lasting relationships while upholding our principles of integrity, quality, competitiveness, and ethical business practices. This relocation better positions us to tap into the dynamic opportunities that the Las Vegas market offers, allowing us to contribute to the city’s evolving landscape and meet the changing needs of our clients.

    Contact Us:
    Robert Mumford
    Regional Director, Business Development
    Robm@oltmans.com
    (702) 786-3750

    Tony Perez
    Senior Vice President
    Tonyp@oltmans.com
    (562) 576-1212

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  • ACCOUNTING: Ramos – Los Angeles Business Journal

    ACCOUNTING: Ramos – Los Angeles Business Journal

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    Ramos

    BFLC PROUDLY PROMOTES ERIKA RAMOS TO PARTNER

    The Partners of Beach Freeman Lim & Cleland, LLP are thrilled to announce that Erika Ramos joined our partnership on February 1, 2024. Erika, a graduate of Cal Poly San Luis Obispo, has been a valuable member of Beach Freeman Lim & Cleland LLP (“BFLC”) since 2013 and has not only demonstrated her commitment to professional growth but also her dedication to our clients’ success. In her new role, Erika will continue serving on the firm’s Executive Committee and leading our Audit & Assurance Department.

    Founding Partner Gene Lim shared his thoughts, stating, “Erika’s dedication, expertise, and unwavering commitment to our clients have made her a standout member of our team. Her promotion to Partner is well deserved, and we are proud to have her as a leader within our firm.”

    Doug Beach, Managing Partner at BFLC, expressed his excitement, saying, “Erika has consistently demonstrated her ability to excel in complex situations, as well as her passion for delivering top-notch results. She is a testament to the talent within our organization and has been instrumental in the growth and success of our Audit practice.”

    Please join us in congratulating Erika Ramos on this significant achievement, as we eagerly anticipate the positive impact she will continue to have on our clients and our team.

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    Kelly Garcia

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  • FINANCE: Johnson – Los Angeles Business Journal

    FINANCE: Johnson – Los Angeles Business Journal

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    Johnson

    Dennis Johnson joins J.P. Morgan Private Bank in Los Angeles as an Executive Director and Banker. He brings a deeply experienced approach to managing clients’ personal financial scenarios so they can focus on their professional priorities. Most recently, Dennis joins the firm from City National Bank.

    privatebank.jpmorgan.com/los-angeles

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    Kelly Garcia

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  • LABJ Stock Index: February 19 – Los Angeles Business Journal

    LABJ Stock Index: February 19 – Los Angeles Business Journal

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    Emerging Investment Trends We Think Could Endure In 2024

    We’re about six weeks into the new year, and the investment narrative has already started to take shape. Many investors seem to believe that the Federal Reserve and other global central banks will start to lower interest rates, but they remain on edge about the possibility that geopolitical tensions, supply chain disruptions and strong growth data might cause a fresh surge in inflation that disrupts those plans. We’re watching all of these developments, as the start of the year doesn’t always set the tone for what follows. So which trends are here to stay?

    Barragan

    Inflation worries should continue to fade

    We think the inflation worries that have marked the first few weeks of 2024 will continue to fade away. While that might not be obvious from the news, we are watching the bigger picture. Shipping costs are still 70% lower than their COVID-era peaks, and we believe that there is still more disinflation to come from both shelter prices and the labor market. Putting it all together, we believe that the worries about an inflation resurgence are misplaced, at least for 2024.

    Health care and tech are poised for success

    The technology and health care sectors are rallying, and we expected that trend to continue. For both, it all comes down to earnings, and long-term trends appear supportive. The still nascent expansion of GLP-1 weight loss drugs can potentially drive upside for health care. An increase in M&A activity and continued drug innovation could present additional tailwinds. Technology has emerged from its own earnings recession, and we expect the sector to generate mid-teens earnings growth through 2025 with the global artificial intelligence trend to be a major factor here.

    M&A wave is here to stay

    Another trend that we expect to continue is increased merger and acquisition activity. With less macroeconomic uncertainty, lower interest rates and higher equity valuations, management teams appear to be more comfortable making deals. The year-to-date total of nearly $180 billion in announced deals as of Jan. 25 is almost double last year’s pace. More M&A activity could also be a positive for private equity managers and owners of closely held businesses that have had a hard time monetizing investments over the past few years.

    No matter which trends fade and which ones endure, we think that the macroeconomic backdrop of stable inflation, declining policy rates, and solid corporate earnings growth paints a constructive backdrop for multi-asset portfolios.

    Rick Barragan is the Managing Director,
    Los Angeles Market Manager, for J.P. Morgan Private Bank.
    r.barragan@jpmorgan.com | (310) 860-3658
    privatebank.jpmorgan.com/los-angeles


    Source: J.P. Morgan Private Bank, February 9th, 2024. “Emerging investment trends we think could endure in 2024” By Jacob Manoukian, U.S. Head of Investment Strategy, J.P. Morgan Private Bank.

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    Kelly Garcia

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  • Over two dozen restaurants are playing palate-pleasing parts in Dine Out Long Beach

    Over two dozen restaurants are playing palate-pleasing parts in Dine Out Long Beach

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    What to Know

    • Dine Out Long Beach Restaurant & Cocktail Week
    • Through Feb. 28; some restaurants will push into Leap Day with special savings
    • 36+ places, including Roe’s Seafood and Long Beach Tap House, are participating in 2024

    Valentine’s Day is over, and the long holiday weekend is coming to an end, and the effervescent occasions of March?

    True, they’re happening next month, but “next month” can feel a long way away from the middle of damp and chilly February.

    In short? We’re seeking celebratory moments, the kind of moments that aren’t often associated with the second half of the second month, that time of year when people are beginning to feel all of the intense “where oh where is spring” feelings.

    Dine Out Long Beach is here to turn our February frowns upside down, or at least appetizingly alleviate the dining doldrums of late winter, the dine-out dullness that can overtake us before merrier March meals arrive.

    The Restaurant and Cocktail Week will feature almost three dozen restaurants, with the deals covering almost the rest of February.

    That means you can find snack-worthy and suppable savings through Feb. 28 at a few seafood spots, Italian eateries, and spaces that specialize in fast-casual cuisine.

    And a tasty twist? A few places on the list will push into Feb. 29, with Leap Year deals, so be sure to check with your favorite dining destination to see if they’ve got something in store.

    The Grunion Gazette is presenting the palate-pleasing celebration and participating restaurants in 2024? Yummy: The excellent eateries include Claire’s at the Museum, Lucille’s Smokehouse Bar-B-Que, and El Barrio Cantina.

    One item that should tempt you, if available? “Imaginary Breadsticks,” which are indeed imaginary, but the good they do is not: The give-back “item” helps support Restaurants Care, the beneficiary of Dine Out Long Beach.

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    Alysia Gray Painter

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  • Forest Road Taps Kramer As President – Los Angeles Business Journal

    Forest Road Taps Kramer As President – Los Angeles Business Journal

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    The Century City-based merchant bank Forest Road Company has recruited two private equity veterans to lead its executive team. 

    Caleb Kramer, a former managing director at the Los Angeles-based Oaktree Capital Management, is now the company’s president. Keith Horn, the former chief operating officer of the New York-based investment firm Elliott Management Corp., now serves as Forest Road’s executive chair. The hires were announced on Feb. 13.

    The merchant bank has made a name for itself lending against tax credits to capitalize film and television projects. Its chief executive, Zach Tarica, remains in his role.

    “Being unapologetically opportunistic is embedded in our DNA, and Caleb and Keith not only bring impressive achievements and proven track records, but they also share our bold mentality,” Tarica said. “These hires mark an important milestone for the maturation of our business, and I am confident they will play instrumental roles in driving financial innovation and sustained growth for years to come.”

    While starting with smaller, indie production companies, Forest Road has expanded to offer a broad spectrum of industries including renewable energy and consumer operations.

    Last November, the company brought on an executive from Silicon Valley Bank’s venture capital arm to develop its investments in life sciences and health care – a local burgeoning industry.

    Unlike investment or commercial banks, merchant banks like Forest Road offer alternative underwriting with a broader capital stack and often invest principally in companies. 

    Founded in 2018, Forest Road raised more than $300 million in its initial startup years. 

    Last month Forest Road Company expanded its intellectual property buying business, acquiring London-based ACF Investment Bank for an undisclosed amount. Last summer the brands and intellectual property-focused firm facilitated the nearly $400 million sale for the rights of both the “Lord of the Rings” and “The Hobbit” franchises to Embracer Group, a Swedish gaming conglomerate.

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    James Brock

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  • Hanmi Adds Banking Vet To Its Board – Los Angeles Business Journal

    Hanmi Adds Banking Vet To Its Board – Los Angeles Business Journal

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    Koreatown-based Hanmi Financial Corp., the parent company of Hanmi Bank, has appointed banking executive James Marasco to its board. 

    The appointment, which was made late last month, brings the local bank’s board headcount to 10 directors, including both chairmen and the company’s chief executive, Bonnie Lee. 

    Marasco transitions from the Los Angeles outlet of Gibraltar Business Capital, an Illinois-based direct lender to middle-market companies. Previously he worked at Century City-based Crescent Capital Group as a strategic advisor.

    After a year of substantial loan production — highlighted by a 16% bump in loans for its fourth quarter — the bank may tap his capital markets expertise to grow its loan portfolio, which exceeds $6 billion.

    “With decades of experience in commercial lending and a wide array of financial services management, Jim brings a wealth of knowledge and understanding to the board that will enrich our strategic discussions,” said John Ahn, the board’s chair.

    This is the first appointment to Hanmi’s board since 2021, when venture capitalist and San Francisco 49ers co-owner Gideon Yu joined. At that time, Yu’s network within the Korean American community was highlighted in his appointment, reflecting the bank’s history as the first Korean American bank.  

    The bank, which operates in nine states with 35 branches, reported $7.6 billion in assets in its fiscal-year earnings on Jan. 25. With a slight gain from its assets reported in 2022, Hanmi retained its footing amid a regional banking crisis and in its fourth-quarter earnings reported its first substantial recovery of credit-loss expense in over a year. 

    “Our proven strategies continued to drive growth and diversification in our loan portfolio and expansion of our customer base, all against the backdrop of a challenging interest rate environment and the lingering effects of an uncertain economy,” Lee said in the earnings call. 

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    James Brock

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