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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.

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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.

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Silicon Beach Report Sept. 21: Raises $7 Million 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. Raises $7 Million

Student loan management program of Santa Monica announced Thursday it raised a $7 million Series B round.

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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.

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Mitú Adds Former Nickelodeon President as Chief Executive

Former Nickelodeon President Herb Scannell is taking over as Mitú’s chief executive.

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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.

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Broad Museum Adds New Board Members

Downtown’s Broad museum has appointed four new members to its board of directors.

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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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