This Week’s Issue
Reports Peg Dalian Wanda’s Sale of One Beverly Hills at $420M
One Beverly Hills may finally have a new owner. Chinese conglomerate Dalian Wanda Group has sold the property to London-based Cain International and Beverly Hills-based Alagem Capital Group.
NantHealth Reports Nearly $100 Million Loss
NantHealth Inc. of Culver City, part of a health care conglomerate owned by Los Angeles billionaire Patrick Soon-Shiong, on Nov. 16 reported a third quarter loss of nearly $100 million, with flat year-over-year revenue.
Boxwood Trades First Day on Nasdaq, Raises $200M in IPO
Santa Monica-based Boxwood Merger Corp, led by the former COO of Los Angeles-based engineering services giant Aecom, raised roughly $200 million on its first day of trading Friday.
MedMen Enterprises Names Interim CFO
MedMen Enterprises Inc., a cannabis company based in Culver City, announced Nov. 16 it had appointed Jim Miller as interim chief financial officer.
Santa Monica’s Balmoral Funds Invests in Modular Building Firm
Santa Monica private equity firm Balmoral Funds and senior managers of Vesta Modular, a provider of rentable modular buildings, purchased the ownership interests of the Birmingham, Mich.-based company’s initial investors.