The Los Angeles Museum of Contemporary Art announced Monday that Manhattan gallery director Jeffrey Deitch will take over as director. It is rare in the art world for a private-sector gallery owner to move over to a museum, which is typically a non-profit organization. Last year, billionaire and board of trustees co-chair Eli Broad came forward with a $30 million bailout for the financially-strapped museum. Despite a recent turnaround, MoCA is currently operating with a reduced budget and staff.