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L.A. City Council Approves $15 Minimum Wage

L.A. City Council Approves $15 Minimum Wage

The Los Angeles City Council gave preliminary approval this week to a proposal that would increase wages for all workers citywide to $15 per hour by 2020, with offsets for small businesses and non-profits. As the process moves forward over ...

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On the Move: This Week’s Comings and Goings

On the Move: This Week’s Comings and Goings

On May 19, Jason T. Kalisman resigned from his position as interim chief executive officer of Morgans Hotel Group Co. He will remain a member of the board. While the board continues its search for a new chief executive officer, ...

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Goldman Sachs Sells Hotels to Moody National REIT

Goldman Sachs Sells Hotels to Moody National REIT

Goldman Sachs Group Inc. is selling 149 hotels acquired during the last 10 years to Moody National REIT Inc. for $1.73 million, according to Bloomberg News. The report comes from two anonymous sources who are aware of the transaction. The ...

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