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AECOM Invests in Denver Project

Two local real estate investment entities – Aecom Capital of Century City and Santa Monica-based private equity firm Mass Equities Inc. – have formed a partnership to finance and develop a mixed-use project in Denver’s art district, the companies announced March 22.

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Silicon Beach Report March 22: The Boring Company Named Finalist for Chicago Tunnel System

The Boring Company named finalist for Chicago tunnel system; returns; and women in tech pressured to return early from parental leave.

Seritage Growth, Invesco Partner to Own the $145M Development in Former Sears Santa Monica Space

REIT Seritage Growth Properties and investment firm Invesco Real Estate have formed a joint venture partnership to own the 96,500-square-foot former Sears department store at 302 Colorado Ave. in Santa Monica, which is planned to be transformed into a $145 million office and retail development, the companies announced.

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Amazon Studios Leasing 75K SF of Office Space at Culver Steps

Amazon Studios, a subsidiary of Inc., will lease all of the 75,000 square feet of office space at the Culver Steps mixed-use development at 9300 Culver Blvd in downtown Culver City, Westside-based real estate investment firm Hackman Capital Partners announced.

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Latham & Watkins’ Voge Resigns After 'Lapses in Personal Judgment'

Latham & Watkins’s global chair and managing partner William Voge has resigned from the law firm and retired after voluntarily disclosing “the exchange of communications of a sexual nature with a woman whom he has never met in person and who had no connection to the firm,” the firm said in a statement.

Musk’s Tesla Pay Package Wins Shareholder Approval

Elon Musk’s new Tesla Inc. compensation package received the approval of 73 percent of company voting shares, according to a March 21 Securities Exchange and Commission filing made hours after a company shareholder meeting at its Fremont headquarters.

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Silicon Beach Report March 21: Aerospace Sets Tentative Arrival Date for Tiangong-1

Aerospace expects Tiangong-1 to land in early April; launches fund aimed at blockchain; and Europe proposes tax on tech giants.

Leotis Joins Amblin as CFO

Amblin Partners named Christina Leotis its new chief financial officer in March 20 announcement.

$10M Gift for Cal Poly Pomona’s College of Hospitality Management

The founder of Collins Foods International, now known as Sizzler International, and his wife donated $10 million to Cal Poly’s Collins College of Hospitality Management in Pomona, the school announced March 20.

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Size-Inclusive Etailer 11 Honore Raises $8M from Redpoint Ventures, Others

A West Hollywood-based etailer selling designer clothing for women sizes 10 to 24 raised $8 million, the company, 11 Honore, announced March 19.

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Leslie Gonda, Aircraft Leasing Firm Co-Founder, Philanthropist, 98


Leslie Gonda, a Hungarian Jew who escaped the Nazis under an assumed identity and went on to co-found an aircraft leasing firm with Steven Udvar-Hazy and then become a philanthropist, died March 16 at age 98, his family announced in an obituary notice.

La Brea Bakery Parent Closing Vernon Plant, Laying Off 109

The parent company of La Brea Bakery Café is closing a distribution plant in Vernon in late April and laying off 109 employees, according to a notice the company filed with the state.

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Silicon Beach Report March 20: UpKeep Lands $10 Million in Series A

UpKeep lands $10 Million in Series A; Bumble responds to Tinder; and 11 Honore receives $8 million funding round.

UpKeep Lands $10 Million in Series A

UpKeep, a Los Angeles-based facilities maintenance company, announced $10 million in Series A funding, led by Emergence Capital. As part of the deal, Kevin Spain, a partner at Emergence, will join UpKeep’s board.

Bankrupt Weinstein Company Finds Initial Buyer

One day after it filed for bankruptcy, the Weinstein Company Holdings announced in a March 20 court filing that it found an opening bidder to buy the company.

Single-Family Home Sales Slow, Median Prices Rise in So Cal

Sales of single-family homes in Southern California declined in February, although home prices in the region continued to rise due to a lack of inventory, according to the California Association of Realtors.

Weinstein Co. Files for Chapter 11 Bankruptcy

The Weinstein Co. filed for Chapter 11 bankruptcy protection on March 19 in U.S. Bankruptcy Court in Delaware.

Soon-Shiong’s NantOmics to Lay Off 52 Workers in Maryland

NantOmics LLC, a Culver City-based biotechnology company founded by Los Angeles billionaire Patrick Soon-Shiong, will slash 52 jobs at its Maryland office.

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Tronc Chairman Resigns Hours Before Sexual Misconduct Report Surfaces

Michael Ferro resigned as tronc Inc. board chairman March 19, hours before a news story came out that accused him of sexual misconduct.

2018 Automotive Review: Beyond Driving Pleasure - Innovative Luxury, BMW-Style

Custom Content by the Los Angeles Business Journal

As part of its forthcoming model offensive, BMW has developed a new presence for its luxury cars that sees the profile and positioning of the most exclusive members of its range refined into a distinct product category.

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