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Blackstone Buys Burbank Media Office Portfolio for $1.7 Billion
New York City hedge fund giant Blackstone Group has bought a majority stake in several iconic buildings in Burbank’s Media District, according to the company.
Clippers Behind New NBA ‘Statement’ Jerseys
The National Basketball Association’s newest alternate uniform designs – unveiled this month in the lead-up to the 2017-18 season – originated in Los Angeles.
Silicon Beach Report Sept. 22: Hyperloop One Raised $85 Million at a Valuation of More Than $700 Million
Hyperloop One raised $85 million at a valuation of more than $700 million, Faraday Future cuts loose its Nevada factory and incentives and Stratolaunch megaplane fires all six engines for the first time.
Movers for Week Ending September 22, 2017
El Segundo-based technology manufacturer Aerojet Rocketdyne Holdings Inc. was this week’s biggest mover, gaining 19.63 percent to end at $33.89. Beverly Hills-based Live Nation Entertainment was also among this week’s biggest movers. The entertainment company gained 3.35 percent to end at $43.50. Venice-based technology and social media company Snap Inc. was this week’s biggest loser, dropping 10.16 percent to end at $13.70.
Ahmanson/UCLA Adult Congenital Heart Disease Center Earns Accreditation
A congenital heart disease center run by UCLA has just become the first nationally accredited center of its kind in Los Angeles, and the 11th in the U.S.
Two Million Could Lose Insurance Under Graham-Cassidy Health Care Bill; Hospitals Face Revenue Hit
The Graham-Cassidy health care bill to repeal the Affordable Care Act could strip an estimated 2 million residents in Los Angeles County of their health insurance, according to a UC Berkeley study.
GenPop, Public House Create Finishing Fund for Sundance Hopefuls
Two L.A. production companies are joining forces to provide funding for filmmakers who are running out of cash to complete their entries for the 2018 Sundance Film Festival.
Silicon Beach Report Sept. 21: Tuition.io Raises $7 Million
Tuition.io raises $7 million, Snapchat’s new partners attach instant apps and games to ads, and Snap Spectacles hardware lab cuts jobs, as well as changes leadership.
Tuition.io Raises $7 Million
Student loan management program Tuition.io of Santa Monica announced Thursday it raised a $7 million Series B round.
Dole to Close Another California Berry Operation
Dole Food Co. Inc. in Westlake Village has announced another mass layoff relating to strawberries as the company continues to back out of its California berry operations.
Silicon Beach Report Sept. 20: Venice’s System1 Raises $270 Million
Venice’s System1 raises $270 million, SpaceX asks FCC to make exception for low-Earth satellites in subsidized internet program and Overwatch League announces three new teams.
Amblin Partners’ CEO Steps Down, Spielberg Steps In
Amblin Partners Chief Executive Michael Wright is stepping down and company Chairman Steven Spielberg will assume the role, Amblin announced Tuesday.
Mitú Adds Former Nickelodeon President as Chief Executive
Former Nickelodeon President Herb Scannell is taking over as Mitú’s chief executive.
Inglewood Biotech Firm Raises $8 Million
ImaginAb Inc., an Inglewood biotech firm that develops molecular imaging for cancer immunotherapy, has raised nearly $8 million in new capital, according to a recent Securities and Exchange Commission filing.
The Money Book: Eduard Bagdasarian
Investment Bankers
Eduard Bagdasarian is responsible for setting the firm’s vision and developing the strategy to execute it
The Money Book: Peter Adamson
Family Offices & Wealth Management
Peter Adamson manages the investment portfolios of Oprah Winfrey’s personal, corporate, and charitable entities.
Broad Museum Adds New Board Members
Downtown’s Broad museum has appointed four new members to its board of directors.
Silicon Beach Report Sept. 19: Snapchat Has Bigger Share of New Users in U.S., but Instagram Is Closing the Gap
Snapchat has bigger share of new users in U.S., but Instagram is closing the gap, SpaceX files paper for ‘Starlink’ constellation and Herb Scannell tapped as CEO of Mitu.
Venice’s System1 Raises $270 Million
Venice advertising technology firm System1 announced on Monday that it had completed a $270 million financing round led by New York-based Court Square Capital Partners.
San Pedro Ports O’ Call Shop Owners Protest Evictions
About 15 shop owners at San Pedro’s Ports O’ Call Village have filed a claim with the L.A. city clerk against the Port of Los Angeles over their pending eviction to make way for a new waterfront attraction, they announced Tuesday.
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