Business

Rents reaching highest levels ever

CITYWIDE — Santa Monica market rate rents in 2013 were the highest in the city’s history, according to the Rent Control Board’s Annual Report. In 1998, 83 percent of rent controlled units in the city by the sea were affordable to households making 80 percent or less of the area median income. Today, only 5 percent are. This is due in... Read more →

Business

Laemmle looking to add screens, reduce seats

SECOND STREET — Laemmle executives want the Monica 4 movie theater to expand and contract. The Second Street cinema currently has four screens and about 1,100 seats but a proposed makeover would add two screens and drop the seat total to below 500, said Laemmle CEO Greg Laemmle. The largest theater would hold about 150, which is about... Read more →

Business

Tenant harassment claims rising

CITYWIDE — As rents rise in the city by the sea so have claims by tenants who say their landlords are harassing them. This fiscal year, Santa Monica City Hall is on pace to receive 43 official harassment complaints from renters. Last fiscal year they heard 38 and the year before it was 34. There have been 34 so far this year with more... Read more →

Business

Second cinema in works for Downtown

DOWNTOWN — A second new movie theater is being planned for Santa Monica. ArcLight Cinemas is in negotiations with City Hall to put a theater on the land where Parking Structure 3 currently stands — on Fourth Street at Arizona Avenue, said Andy Agle, director of Housing and Economic Development. A preliminary agreement that would... Read more →

Business

Faces of Silicon Beach: Kevin Winston

Faces of Silicon Beach   Kevin Winston, founder, DigitalLA, the largest and most established tech, media and entertainment event and networking group in Los Angeles.   Erik: What made you want to be an entrepreneur?   Kevin: Throughout college and graduate school I was always starting organizations or clubs.... Read more →

Business

City Hall names business tax delinquents

CITY HALL — What does a barber shop, investment firm, party planner, and film production company have in common? They all failed to pay City Hall’s business license tax, at least according to a list released by finance officials this week. Last year, City Council gave the OK for the finance department to compile and release a list... Read more →

Business

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The hunt continues for international tourists

CITYWIDE — They spend more, they stay longer, and they tend not to use cars. International tourists are a no-brainer for the city by the sea and tourism officials continue a recruitment process that’s been ongoing for more than two decades. English-speaking visitors from the United Kingdom, followed by Australia and New Zealand are... Read more →

Business

GumGum sticks to Downtown

Tech company GumGum calls the famous Clock Tower home. (Daniel Archuleta daniela@smdp.com) DOWNTOWN — Unlike its advertising, GumGum’s placement is somewhat random. Ophir Tanz, CEO of the online advertising platform, started the company in 2007 in Santa Monica because his buddy’s company had some extra space on the sixth floor of... Read more →