iStock California is recovering -- job growth here outpaced the national average over the last year, according to a UCLA study. Scott Bridges[1] Email[2] | Twitter[3] California is on the comeback trail, and Silicon Valley may be leading the way. Job growth in the Golden State has outpaced the national average over the last year, a study released Thursday found. The quarterly UCLA Anderson Forecast indicates that California is rebounding economically and will likely continue to recover. Economists with UCLA’s Anderson School of Management found that Silicon Valley has displayed the highest rate of job growth statewide, with 4 percent growth — more than double the national average, according to the Los Angeles Times.[4] Southern California also is outdistancing the national average, as the employment numbers indicate in Los Angeles, the Inland Empire, Ventura County and Orange County. Not everyone is recovering, however. A few regions trail the national average: The East Bay, the San Joaquin Valley and counties near the Oregon border experienced slower job growth than the U.S. average, the report found. “California really is bucking the trend of what’s happening in the rest of the U.S.,” Jerry Nickelsburg[5] told the Times. Nickelsburg is a senior economist with the UCLA Anderson Forecast who focuses on state economic trends. The study also projected a continuing decline in California’s unemployment rate over the next two years. The 7.7 percent unemployment rate this year is expected to drop to a healthier 5.9 percent in 2016. “We have people coming into the labor force,” Nickelsburg said, “hundreds of thousands of them since the recession." Scott Bridges has covered the Los Angeles scene for over ten years as a journalist and food critic. Follow him on the Huffington Post[6] References^ Scott Bridges (feeds.bizjournals.com)^ Email (feeds.bizjournals.com)^ Twitter (twitter.com)^ according to the Los Angeles Times.…

iStock California is recovering -- job growth here outpaced the national average over the last year, according to a UCLA study. Scott Bridges[1] Email[2] | Twitter[3] California is on the comeback trail, and Silicon Valley may be leading the way. Job growth in the Golden State has outpaced the national average over the last year, a study released Thursday found. The quarterly UCLA Anderson Forecast indicates that California is rebounding economically and will likely continue to recover. Economists with UCLA’s Anderson School of Management found that Silicon Valley has displayed the highest rate of job growth statewide, with 4 percent growth — more than double the national average, according to the Los Angeles Times.[4] Southern California also is outdistancing the national average, as the employment numbers indicate in Los Angeles, the Inland Empire, Ventura County and Orange County. Not everyone is recovering, however. A few regions trail the national average: The East Bay, the San Joaquin Valley and counties near the Oregon border experienced slower job growth than the U.S. average, the report found. “California really is bucking the trend of what’s happening in the rest of the U.S.,” Jerry Nickelsburg[5] told the Times. Nickelsburg is a senior economist with the UCLA Anderson Forecast who focuses on state economic trends. The study also projected a continuing decline in California’s unemployment rate over the next two years. The 7.7 percent unemployment rate this year is expected to drop to a healthier 5.9 percent in 2016. “We have people coming into the labor force,” Nickelsburg said, “hundreds of thousands of them since the recession." Scott Bridges has covered the Los Angeles scene for over ten years as a journalist and food critic. Follow him on the Huffington Post[6] References^ Scott Bridges (feeds.bizjournals.com)^ Email (feeds.bizjournals.com)^ Twitter (twitter.com)^ according to the Los Angeles Times.…

The spa facilities in the Canyon Ranch and Spa in Miami Beach is part of a Chapter 11 filing by Lehman Brothers. Brian Bandell[1] Senior Reporter- South Florida Business Journal Email[2] | LinkedIn[3] | Twitter[4] The Canyon Ranch Hotel & Spa in Miami Beach could be placed under new management as an Enchantment Resort if Lehman Brothers Holdings[5] succeeds in selling the property in U.S. Bankruptcy Court. New York-based Lehman Brothers seized the 580-unit condo-hotel in 2009 from WSG Development in a deed in lieu of foreclosure while its extensive renovation was still ongoing. All but 13 units were sold but the proceeds of the sale were “substantially less” than the outstanding balance of the property’s mortgage, according to a bankruptcy court declaration by Lehman Brothers VP Anthony Barsanti[6]. RELATED CONTENT: Lehman Brothers seizes Canyon Ranch Miami Beach[7] The hotel has operated at a loss each year of its operation, he said. On June 1, Lehman Brothers affiliates FL 6801 Spirits LLC, FL 6801 Collins North LLC, FL 6801 Collins South LLC and FL 6801 Collins Central LLC filed for Chapter 11 reorganization in the Southern District of New York. Albert Togut represents the debtors, which claimed assets of $12 million and liabilities of $17.3 million. The largest claims came from the hotel condo associations and hotel manager Canyon Ranch. The property including in the bankruptcy is the 13 unsold units plus the hotel’s common area, including the spa, the pools, the retail spaces and the gym. The debtor immediately filed a motion to sell the property for $12 million to 360 Miami Hotel and Spa LLC, an affiliate of Montreal-based 360 Vox LLC. That company would like its Enchantment Resorts brand to take over management of the hotel, Barsanti said. Such a sale would be done through a bankruptcy…