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Leonardo DiCaprio and Strand Equity Partners Invest in Hippeas Snack Maker

Hippeas’ chickpea puffs are getting a boost from actor Leonardo DiCaprio and private equity firm Strand Equity Partners.

Silicon Beach Report May 26: Boring Co. Releases Images of Electric Vehicle for its Proposed Tunnel Network

Boring Co. releases images of electric vehicle for its proposed tunnel network, loser of ULA’s Vulcan engine competition could lose Air Force funding, and Seriously launches series of shorts for its mobile game “Best Fiends.”

Rexford Industrial Realty Acquires Ontario’s Safari Business Center for $141 Million

Sawtelle-based Rexford Industrial Realty Inc. has purchased an iconic safari-themed, 16-building industrial park in Ontario for about $141 million, it announced this week.

Movers for Week Ending May 26, 2017

Los Angeles-based Puma Biotechnology Inc. was this week’s biggest mover, gaining 110.98 percent to end at $79.75. Clothing brand Guess? Inc. was also among the week’s biggest movers. The Los Angeles clothing brand and retailer gained 18.60 percent to end at $11.67. Calabasas-based software solutions company NetSol Technologies Inc. was this week’s biggest loser, dropping 13.33 percent to end at $3.90.

Brentwood Associates On Target for $1.1 Billion Fund

Private equity firm Brentwood Associates has raised $984 million of a targeted $1.1 billion fund, according to documents filed with the Securities and Exchange Commission last week.

Making L.A. Work

ECONOMY: Icons talk industries, culture.

Patrick Soon-Shiong, Peter Lowy, Tyra Banks, Eli Broad, and Michael Milken spoke at the Business Journal’s inaugural Icons event.

Port Gets Moving on Data Plan

SHIPPING: Parties hope to help cargo navigate docks.

A new wave in logistics could be rolling in with a data-sharing program at the Port of Los Angeles.

Tunnel Skepticism Runs Deep

TRANSPORTATION: Pitch by Elon Musk hits city limits.

City officials are not digging Elon Musk’s plan for underground tunnels to LAX.

Drone Maker Eyes Military

AVIATION: AeroVironment sees Snipe as standard issue.

AeroVironment pursues big returns from sales of its pocket-size Snipe drone to the military.

Proposed Tunnel In Funding Hole

Metro vote to pull money likely ends drive to create 710-210 freeway connector in Pasadena.

Metro vote to scrap funding may mean the end of the road for freeway tunnel project.

Sale Date Arrives For Events Planner

Fashion-, beauty-focused Simply agrees to acquisition deal with like-minded firm Nylon Media.

Nylon Media books acquisition deal with fashion and beauty conference planner Simply.

Investor Pioneered Hispanic Television

A. Jerrold Perenchio acquired Univision in 1992 deal; changed channel into media powerhouse.

Billionaire TV exec and philanthropist A. Jerrold Perenchio, 86, pioneered the Hispanic broadcasting market.

PAGE 3: Film Festival Kudo

Jeffrey Katzenberg received an honorary Palme d’Or at the Cannes Film Festival, telling the assembled that it was akin to receiving the honorary Oscar he was awarded in 2012.

Co-Working Space Out?

REAL ESTATE: Landlord Hudson Pacific seeks to evict tenant Real Office Centers.

Landlord Hudson Pacific moves to evict co-working space business Real Office Centers.

Vote Raises Bar Stakes

LAW: Clash over slate of board nominees lifts lid on rift at trade organization.

Fight over county bar nominees exposes friction and fiscal mismanagement at the organization.

Low-calorie Halo Top ice cream has proved hot sales item.

Scooping Market

Eden Creamery seeks a bigger scoop of the ice-cream market with its low-calorie Halo Top brand.

Bartending Machine Serves Up Spirited Presence

ALCOHOL: Somabar looks to button up drink orders at range of establishments.

Somabar believes its drink-making machines will mix well with eateries and other businesses.

Cement, Concrete Firm Will Add Facility to Mix

Construction: Cemex USA says boom in building has solidified need for site.

Cemex USA plans a new facility to serve a build-up in demand for cement and concrete.

Westside Condos Head Into New Price Territories

REAL ESTATE: Brokers pitch high-net-worth buyers $2,000-a-square-foot homes.

Ultraluxury condos on the Westside are heading north of traditional listing prices.

Firms Look to Connect With Augmented Reality

TECHNOLOGY: Supporters cite Pokémon Go craze as strength in face of VR buzz.

Some firms see an advantage in augmented reality versus hardware-heavy virtual reality.

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