Stories for December 2017

Friday, December 29

Deals & Dealmakers: PR Pro New Fifth Wall Partner

Bruss Brings Experience on “How to Use Partnerships to Drive Business Results”

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Developers Bank on Game Within a Game

New marketing strategy replaces videos, cash with in-game demos

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Calendar January 2018

Calendar and Conventions for January 2018

L.A. Port’s Blue Project: ‘Ocean-Focused’

La Kretz backs push for R&D within 35-acre accelerator campus

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No Time Like Present for Forward Focus

COMMENTARY

We generally stick to our own knitting here, but there’s cause for concern in the community of business over the story that led the Los Angeles Times’ issue of Dec. 27.

School Attendance Matters to Whole Community

If kids are not in school, they can’t learn. Students who attend class more often do better in school, and students who are chronically absent—meaning they miss at least 15 days of school in a year—fall behind.

Sports Titans Profile: Marc Merrill and Brandon Beck

One-Time USC Roommates Shake World of Sports

Think of Staples Center and there’s a good chance that the sweaty intensity of a Taylor Swift concert, the quickness and athleticism of a Los Angeles Kings ice hockey game or the solemn passion of Kobe Bryant’s recent numbers retirement ceremony will take center stage in your mind.

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Sports Titans Profile: Peter Guber

‘It’s the beginning of the beginning’

Peter Guber was there in ’88. Dodger Stadium, Game 1 of the World Series, Los Angeles Dodgers vs. the Oakland Athletics.

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Tales of A Golden Age

The Los Angeles Business Journal’s annual Book of Lists franchise recently added a new element – coverage of a theme that reflects the current pulse of business in Los Angeles.

Production Company Buys Into Westlake

Gets 3 buildings in 2 deals; plans makeover for all 34,000 square feet

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Hikes on Labor, Cleanup Costs Squeeze BIDs

City of L.A.’s new program on trash hauling adds strain atop minimum wage hikes

LAFC Links to Facebook, SeatGeek on Tickets

Sales via social media seen as game-changer with new soccer team set to debut

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STYLE | Incubation Station: Mike Jones | Science Inc.

The writing is on the wall for Mike Jones, co-founder and chief executive of Science Inc., a technology and startup studio that creates, invests, acquires and scales digital businesses.

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Silicon Beach Report Dec. 29: Faraday Future Boss Jia Yueting No Longer Owns the Company

Faraday Future boss Jia Yueting no longer owns the company; Ziff Davis’ Vivek Shah on publishers’ e-commerce fever; and SpaceX rolls out Falcon Heavy.

Toymaker Jakks Pacific CFO Steps Down

Santa Monica-based toymaker Jakks Pacific Inc. announced Dec. 28 that its chief financial officer was stepping down.

LB Business Center Upgraded

Upgrade for Long Beach business center.

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Fig Fancy

Downtown hotel set to reopen after extended renovation

Hotel Figueroa makeover goes long.

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Page 3: About Downtown’s Massive Challenge

The Business Journal ended last year with a commentary that called for a new sense of dedication in three areas of civic life that intersect with our economy and community of business in fundamental ways: Housing, public safety, and homelessness.

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Times’ Newsroom Staff Nears Vote on Union

Union vote comiing up at L.A. Times

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Can Guitar Center Find New Rhythm?

RETAIL: Ares’ portfolio company’s debt downgraded

Ratings agencies say Guitar Center out of rhythm.

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Render Unto AQMD?

New rules costly for animal rendering operations.

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LA BioMed Eyes Torrance Campus

L.A. BioMed has ambitions for Torrance campus.

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Campaign Trail to Corporate Tool Box

TECHNOLOGY: Customers as unpaid brand ambassadors

NationBuilder brings principles of political organizing to private-sector marketing.

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Investors Look South for Deals on Apartments

Culver City-based investor gets 8 complexes, 107 units in South L.A., Hawthorne

Production company buys into Westlake.

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Thursday, December 28

Silicon Beach Report Dec. 28: LeEco Founder's Assets Seized as China Pursues Absent Web Mogul

LeEco founder's assets seized as China pursues absent web mogul; Snapchat developing ‘Stories Everywhere’ outside the app; and TaskUs grows to more than 8,000 employees.

Nippon Life Insurance Company Acquires Minority Stake in TCW

On Wednesday, global asset management company TCW announced that Nippon Life Insurance acquired a 24.75 percent minority stake in the company. Nippon Life Insurance, a Japanese private life insurance company with $6.2 billion in profits, acquired its stake in TCW from the Carlyle Group (NASDAQ: CG), another minority owner of TCW.

Wednesday, December 27

Canter’s Deli Co-Owner Dead at 58

Obituary

Gary Canter, co-owner and grandson of the founder of famed Fairfax eatery Canter’s Deli, died late Tuesday at age 58, according to statements from the restaurant and family released Wednesday on Twitter and Facebook.

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Silicon Beach Report Dec. 27: Library of Congress Ends Comprehensive Twitter Archive

Technology

The Library of Congress will stop archiving all public tweets; LG is working with a mapping provider to create products for self-driving vehicles; and Amazon released details from the recent holiday shopping season.

Children’s Hospital Los Angeles’ IT Department Recognized

The Information Services Department at Children's Hospital Los Angeles was ranked among the best in the country, by Healthcare IT News, which publishes an annual list of the Best Hospital IT Departments in the U.S.

Guilty Plea in L.A. Garment District Money Laundering Case

The owners of downtown textile company Pacific Eurotex Corp. plead guilty to federal money laundering and tax charges Friday.

Patrick Soon-Shiong Innovation Awards 2017 Nominees

Custom Content by the Los Angeles Business Journal

24Hr HomeCare Agent, Inc. Annenberg Foundation -Alchemy Tech Artkive ATOMS Movie, LLC Belkin International, Inc. BenjiLock, LLC BioMarin Pharmaceutical Inc. CareMore Chanje codeSpark Coding Autism Conduent Incorporated Creation Nation Cylance Inc. Earny Inc Elevate My Brand, Inc. Emagispace Enplug EZER Inc FabFitFun FloQast The Goldhirsh Foundation Heal Heartbeat Herbalife Nutrition Hixme IN GOOD CO JOANY Josh.ai LA Promise Fund Miso Robotics Moving Analytics, Inc. NEXT Trucking Paranotek, LLC ParkParkGoose Percussa Produce Pay, Inc. Reeelit Relobase See Jane Go, Inc. SellutionSkurt Inc. Solaborate LLC STAR IT Consulting Stasis Labs Stop, Breathe & Think, PBC Stripe Survios TravGanic UCLA Smart Grid Energy Research Center URB-E Vault Brokerage Vertebrae, Inc. Virtualitics, Inc. Wambi, LLC Workpop Inc X-naut Zwift, Inc.

Patrick Soon-Shiong Innovation Awards 2017 Nominees: Finalists

Custom Content by the Los Angeles Business Journal

AirMap Contour Crafting Corporation CUJO LLC Dock, Inc. Gem HyperSight, Inc. Jaunt Klickly My Mobile Watchdog, Inc. ObEN Polis Assist, Inc VNTANA

Tuesday, December 26

Silicon Beach Report Dec. 26: SpaceX Launch Lights Up L.A. Skies

A SpaceX launch of 10 Iridium satellites from Vandenberg Air Force Base lit up the Los Angeles sky on Dec. 22; WhatsApp is ending support for BlackBerry and Windows Phone 8.0 at the end of the year; and Fair.com is acquiring Uber’s Xchange Leasing and picking up 150 employees.

Downtown Santa Monica Office Building Sells for $117 Million

Olive Hill Group LLC paid $117 million – $1,047 per square foot – for 520 Broadway, a six-story, 113,000-square-foot office building located in downtown Santa Monica.

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Friday, December 22

L.A. County Unemployment Rate Drops to 4.5 Percent Amid Strong Seasonal Hiring

L.A. County’s unemployment rate fell to 4.5 percent in November and employer payrolls hit a record 4.5 million as retailers and other employers bulked up staff for the holiday season, state figures released Friday show.

Arrowhead Pharmaceuticals Seeks Approval to Conduct Two Gene Therapy Clinical Trials

Arrowhead Pharmaceuticals Inc., which develops drugs to treat stubborn diseases by silencing the genes that cause them, reported it has filed for federal clearance to conduct to clinical studies of drugs aimed to treat liver disease and hepatitis B.

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Silicon Beach Report Dec. 22: CNN Cancels Snapchat Show Due to Unclear Path to Profit

CNN cancels Snapchat show due to unclear path to profit; FabFitFun expands distribution with app for Apple TV and Amazon Fire; and Facebook and Universal Music strike multi-year licensing deal.

Thursday, December 21

Silicon Beach Report Dec. 21: Northrop Grumman and Lockheed Martin Win Swarming Cruise Missile Development Contract

Northrop Grumman and Lockheed Martin win swarming cruise missile development contract; GumGum to exceed $100 million in revenue in 2017; and founder of Timehop left Snap after less than a year.

Boston Private Equity Firm Sells El Segundo Office Building for $35.5 Million

Boston-based private equity firm TA Associates has sold an eight-story, 89,000-square-foot office building at 898 N. Sepulveda Blvd. in El Segundo for $35.5 million, according to broker Newmark Knight Frank.

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Eight-Building Industrial Property Sold in Hawthorne for $27.6M

Hawthorne’s renaissance continues unabated as the home to Elon Musk’s SpaceX saw eight industrial properties sold to Terreno Realty Corp. for $27.6 million.

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Beverly Hills Office Building Sells for $143.6 Million

REIT Douglas Emmett Inc. paid $143.6 million – $981 per square foot – for 9401 Wilshire Blvd, a 146,000-square-foot office building in the city’s Golden Triangle area.

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Report: L.A. Doctors Get a Raise, Physician Job Growth Remains Flat

Doctor’s paychecks across Los Angeles County swelled on average 13 percent this year, more than twice the national average, according to a national research study released this week, while job growth lagged far behind major U.S. cities.

Universal Music Group, Facebook Strike Licensing Agreement

Universal Music Group (UMG), headquartered in Santa Monica, has entered a global, multi-year agreement with Facebook under which UMG becomes the first major music company to license its recorded music and publishing catalogs for video and other social experiences across Facebook, Instagram and Oculus.

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Sports Titans: Magic Johnson

2018 Book of Lists

Q & A with Magic Johnson, Magic Johnson, Los Angeles Lakers, Magic Johnson Enterprises, Los Angeles Dodgers, Los Angeles Sparks, Los Angeles Football Club

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Sports Titans: Casey Wasserman

2018 Book of Lists

Q & A with Casey Wasserman, Wasserman Media Group

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Sports Titans: Dan Beckerman

2018 Book of Lists

Q & A with Dan Beckerman, Anschutz Entertainment Group, Staples Center, StubHub Center, Los Angeles Kings, Los Angeles Galaxy, Ontario Reign, Los Angeles Valiant

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Sports Titans: Brandon Beck and Marc Merrill

2018 Book of Lists

Q & A with Brandon Beck and Marc Merrill, Riot Games, Los Angeles Football Club

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Sports Titans: Peter Guber

2018 Book of Lists

Q & A with Peter Guber, Peter Guber, Mandalay Entertainment Group, Golden State Warriors, Los Angeles Dodgers, Los Angeles Football Club, aXiomatic/Team Liquid

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Sports Titans: Steve Ballmer

2018 Book of Lists

Q & A with Steve Ballmer

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Sports Titans: Dean Spanos

2018 Book of Lists

Q&A with Dean Spanos, Los Angeles Chargers

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Sports Titans: Jeanie Buss

2018 Book of Lists

Q & A with Jeanie Buss, Los Angeles Lakers

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Sports Titans: Stan Kroenke

2018 Book of Lists

Q & A with Stan Kroenke, Los Angeles Rams

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Wednesday, December 20

Mattel Inc. Lays Off 70 Employees to Cut Costs as Turnaround Falters

El Segundo toy company Mattel Inc. permanently laid off 70 employees earlier this month, according to a WARN notice filed with the California Employment Development Department.

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Silicon Beach Report Dec. 20: HappyReturns Raises $8 Million

HappyReturns raises $8 million, Elon Musk accidentally posts phone number to Twitter; and Faraday Future’s Jia Yueting to become CEO and finds new financing.

Nearly 120,000-Square-Foot South Bay Office Park Sells for Nearly $15 Million

Now that Toyota Motor Sales U.S.A. Inc.’s massive campus in Torrance has been sold, real estate buyers are looking to the city and neighboring areas, commercial real estate brokers say.

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Company Lobbying in Los Angeles Dipped in Third Quarter to $16.2 Million

Developers with projects pending in Los Angeles and other companies with business in the city spent $16.2 million to lobby various city agencies during the third quarter, according to a city lobbying report released Tuesday.

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Tuesday, December 19

Pressed Juice Seller Juice Served Here Inc. Shutters Abruptly

L.A. pressed juice company Juice Served Here Inc. has shut its retail stores and wholesale business, according to the company.

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L.A. County Approves $40 Million Music Center Plaza Renovation

Downtown’s Music Center Plaza will receive a $40 million facelift, the performing arts complex announced Tuesday, thanks to funding by Los Angeles County and the Music Center.

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Silicon Beach Report Dec. 19: Co-Working Firm Spaces Signs 61,000-Square-Foot Lease in Hollywood

Co-working firm Spaces grows L.A. County presence with 61,000-square-foot lease in Hollywood; CaliBurger launches facial recognition at restaurant; and Virgin Hyperloop One rebuffs a sale and instead took $50 million lifeline.

Tronc’s Top HR Exec Resigns

Tronc Inc. Chief Human Resources Officer Cindy Ballard has resigned, the company confirmed Tuesday.

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Commerce Denim Maker Differential Brands Enters Canadian Market

Differential Brands Group Inc. has entered a partnership with Throat Thread Apparel to relaunch its premium denim line in Canada, the company announced Tuesday.

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LAX Holiday Traffic Expected to Hit Record 4.35 Million Passengers

An estimated 4.35 million passengers will pass through Los Angeles International Airport during the holiday season, up 0.9 percent from last year’s record 4.31 million, according to a holiday traffic forecast released Tuesday by airport officials.

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Human Resources, Staffing & Employment: Good Performance Management and Higher Engagement Levels Are Linked, Suggests Study

Custom Content by the Los Angeles Business Journal

Good performance management practices could drive higher employee engagement levels, indicates new research conducted by HR.com in partnership with BambooHR, HR technology solutions provider. The research report, The Impact of Performance Management on Engagement, is based on responses from 880 HR professionals participating in a survey fielded earlier this year.

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Human Resources, Staffing & Employment: Competitive Recruitment – Hiring Foreign Nationals

Custom Content by the Los Angeles Business Journal

Today’s HR leaders face unprecedented recruiting challenges.

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Intellectual Property & Licensing Law Roundtable: Licensing Expo 2018 Selected for Prestigious U.S. Department of Commerce Program, IBP Select

Custom Content by the Los Angeles Business Journal

For second year, IBP Select connects U.S. exhibitors with international business, increasing opportunities for growth in new markets.

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First Foundation Acquires PBB Bancorp for $106 Million

First Foundation Inc. of Irvine announced Tuesday the acquisition of PBB Bancorp of downtown in an all-stock deal worth approximately $106 million.

COPE Health Solutions Expands Workforce Training Program in Hawaii

COPE Health Solutions, a national health care analytics company based in downtown Los Angeles, has expanded its student scholars program to include Hawaii, the company announced Tuesday.

Intellectual Property & Licensing Law Roundtable: Intellectual Property Cyber Theft on the Rise

Custom Content by the Los Angeles Business Journal

The number of intellectual property (IP) cyber theft incidents for the remainder of the year is expected to increase, according to 58 percent of respondents to a recent Deloitte poll.

Intellectual Property & Licensing Law Roundtable: What Businesses Need to Know

Custom Content by the Los Angeles Business Journal

As the legal landscape continues to evolve in terms of intellectual property and licensing law, the Los Angeles Business Journal once again turned to some of the leading IP attorneys and experts in the region to get their assessments regarding the current state of IP legislation, the new rules of copyright protection, licensing and technology, and the various trends that they have been observing, and in some cases, driving.

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Co-Working Firm Spaces Grows L.A. County Presence with 61,000-Square-Foot Lease in Hollywood

Co-working firm Spaces is taking space in Hollywood – its first lease in the famed Los Angeles neighborhood – as the Dutch company continues to expand in the Los Angeles and Southern California market, according to CBRE Group Inc.

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Monday, December 18

Silicon Beach Report Dec. 18: Virgin Hyperloop Raises $50 Million and Names Richard Branson as Chairman

Virgin Hyperloop raises $50 million and names Richard Branson as chairman, network infrastructure manufacturer acquired and SoftBank looking to invest up to $300 million in Wag.

City National Bank Beefs up Food and Beverage Expertise

Downtown’s City National Bank expanded the headcount of its newer food and beverage group to 16 bankers, the company announced in a statement today.

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Jewelry District Office Building Sells for $14 Million

The $14 million sale of a century-old, seven-story office building in the Jewelry District to a developer with plans for offices, restaurants and an art gallery will continue the trend of change in downtown Los Angeles.

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Platinum Equity Acquires Husky Injection Molding Systems for $3.9 Billion

Platinum Equity announced Monday the acquisition of Husky Injection Molding Systems for $3.9 billion from Berkshire Partners and OMERS Private Equity.

Amblin Partners Links Up With BMG for Exclusive Global Publishing Deal

Amblin Partners, a Universal City–based entertainment firm led by Steven Spielberg, announced Monday it has signed an exclusive music publishing deal with BMG.

Network Infrastructure Manufacturer Acquired

La Mirada–based Damac Products, makers of network infrastructure equipment for the telecom and data center markets was acquired by Maysteel Industries, the companies announced Monday. Terms of the deal were undisclosed.

MemorialCare and Radnet Set Up SoCal Joint Venture for Outpatient Imaging Centers

MemorialCare Health Services and RadNet Inc. have founded a joint venture to operate what they say will be the largest outpatient medical imaging network in Los Angeles and Orange counties, the companies announced Monday.

LABJ FORUM: Assessing the Business Year

As this year draws to a close, the Business Journal asks: Did your business hit its mark in 2017, exceed expectations of come up short?

Friday, December 15

Switch by Doctors’ Group Leads to Office Sale

One of larger medical office sales to owner/user over past year statewide

El Segundo-based Genesis KC Development, a subsidiary of HealthCare Partners of El Segundo, has acquired a medical office building in Covina for $10 million in what brokers say is one of the year’s larger medical building sales to an owner/user in the state.

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No Market Indicator in Dip on Priciest Properties

New view on Getty Center holdings accounts for anomaly of overall decline

Highest assessed properties saw changes.

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Brick-and-Mortar Trends Toward Demos, Intros

CBRE report points out shift from cash registers to smart phones at shops

Retailers are using smartphones rather than cash registers, and replacing inventory for purchase with new items for testing.

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Gifts for Cedars-Sinai Accelerator Grads: Contracts

Microsoft, Amazon.com among customers for various health apps, devices

Startups endure a 90-day business boot camp at Cedars-Sinai, Techstars accelerator.

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Deals & Dealmakers: Edisun Adds Crowdfunding

Gross-led solar power company topped L.A. with $861,000 in November

Regulation crowdfunding continues apace.

Military Demand for Drones Drive Profit

Monrovia’s AeroVironment sees uptick in orders for combat model

Military drone maker AeroVironment Inc.’s stock rose 26 percent to $54.47 a share – an all-time high – on Dec. 6 after the company posted strong quarterly sales and profits driven partly by U.S. military demand for its kamikaze drone, named the Switchblade.

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Local Roots, Global Ambitions

Urban Farm Counts on Shipping Containers, Hydroponics to Grow Cash Crops By SHWANIKA NARAYAN Staff Reporter

Customized shipping containers replace soil for lettuce grower.

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News Briefs - December 18, 2017

New briefs

L.A. Ports Set Record

With still a month to go in 2017, the Ports of Los Angeles and Long Beach have set new records in container movement for the year.

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Kosmont Survey Sees Relative Improvement

How L.A. County cities fared in an annual survey on the costliest cities for businesses.

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Best Wishes, Three Challenges for New Year

This is the final issue of the Los Angeles Business Journal’s weekly edition for 2017.

STYLE | Personal Design: Beatrice Fischel-Bock I Hutch

No surprise that personal style rules for Beatrice Fischel-Bock, co-founder and chief executive of Hutch, an ecommerce company that offers an app for online furniture shopping to aid clients in finding a style of their own.

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New Sickle Cell Drug Goes to Market

Torrance biotech firm begins sales of first new sickle cell drug in decades.

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New Leaf for Former Unicorn

After years of losses, Leaf Group has a plan to grow again with a new CEO.

Developer Plans Fight Over Eminent Domain

A large South L.A. property sits in the middle of a fight between its owner and L.A. County.

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Fertile Ground

More than eggs are growing at the Beverly Hills-based fertility clinic. Reproductive service centers grow business thanks to influx of Chinese clients.

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Public Works Pay Dividends

Construction outfits gain on city contracts

Public works’ construction projects gained the most city dollars this year for companies that contract with the city of L.A.

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PAGE 3 Aussies Galore; HEDs Up on Devereaux

A great irony could be in store for Los Angeles in the wake of Rupert Murdoch’s agreement to sell much of 20th Century Fox in a $52.4 billion all-stock deal struck with Walt Disney Co.

Reinvention Will Be Key to Solutions on Housing

Whether you live in Los Angeles or build here, there are many new demands on your residential experience.

Clothing Label Reformation Raises $25 Million

LYMI Inc., doing business as clothing label Reformation, raised $25 million in Series B funding last week.

Molina Healthcare to Vacate Office Space as Part of Massive Restructuring

To help save hundreds of millions during a large-scale company overhaul, Molina Healthcare has scrapped plans to move into a San Pedro office tower and is now vacating an office building in Long Beach.

Seafood Distributor Southwind Foods Acquires Las Vegas Company

Carson-based Southwind Foods has reached an agreement to purchase all of the assets of Desert Gold Inc., the companies announced Friday. Terms of the deal were not disclosed.

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Viva Aerobus Adds Flight From Lax to Guadalajara

Economy Mexican airline Viva Aerobus on Thursday launched daily flight service from Los Angeles International Airport to Guadalajara Airport in the Mexican state of Jalisco.

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Silicon Beach Report Dec. 15: SpaceX Launches Dragon on Used Falcon 9

SpaceX launches Dragon on used Falcon 9; Cigna acquires Brighter for undisclosed amount; and TrueCar settles lawsuit with car dealer association.

TrueCar Settles Lawsuit with Car Dealer Association

California New Car Dealers Association announced on Thursday that it settled its lawsuit against TrueCar Inc.

Puma Biotechnology Added to Nasdaq Biotech Index

Puma Biotechnology Inc., whose breast cancer drug drew millions in sales since it was released last summer, has been added to the Nasdaq Biotechnology Index.

Cigna Corp. Acquires Santa Monica–Based Digital Health Technology Company Brighter Inc.

Insurance giant Cigna Corp. has acquired Brighter Inc., a digital health technology company based in Santa Monica, for an undisclosed sum.

Creative Office Campus in El Segundo Sells for $117 Million

New York–based Deutsche Asset & Wealth Management has acquired Campus 2100 in El Segundo for $117 million, or about $574 per square foot, according to CoStar Group Inc.

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Thursday, December 14

Disney Picks Up 21st Century Fox for $52 Billion

Walt Disney Co. has agreed to buy 21st Century Fox for $52.4 billion, Disney announced Thursday.

Silicon Beach Report Dec. 14: Disney to Gain Control of Hulu after 21st Century Fox Asset Acquisition

Disney to Gain Control of Hulu after 21st Century Fox asset acquisition, TrueCar settles lawsuit with California New Car Dealers Association and Lily raises $2 million for personal stylist.

Two L.A. Hotels Among Ten Largest Hotel Transactions This Year

Two of the 10 biggest hotel transactions in the U.S. this year involved L.A. properties, according to a list published yesterday on Santa Barbara real estate technology firm Yardi Systems Inc.’s blog Commercial Café.

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Blockchain-Based Health Care Start-Up Curisium Raises $3.5 Million

Curisium, a Manhattan Beach–based start-up company that allows health care systems and biotech firms to contract through blockchain technology, has raised $3.5 million from investors, officials announced Thursday.

Kaiser Permanente Gives $600,000 to Aid SoCal Fire Relief

Kaiser Permanente is donating $600,000 to support recovery efforts for some of the worst wildfires to rage through Southern California.

Wednesday, December 13

Silicon Beach Dec. 13: Online Bank Aspiration Raises $47 Million

Online bank Aspiration raises $47 million; Dreamscape Immersive partners with Nickelodeon for virtual reality project; and Sophia Amoruso’s digital media firm Girlboss raises another $2 million.

Los Angeles City Council Passes Development Linkage Fee to Fund Affordable Housing

The Los Angeles City Council on Wednesday approved the imposition of linkage fees on developers of new residential and commercial projects to generate revenue for an affordable housing fund.

LA Weekly Interim Editor Suspended for Offensive Tweets

Less than a week after being named LA Weekly’s interim editor, Hillel Aron has been suspended for prior offensive tweets including posts about race, sexual orientation and body weight.

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Pasadena-based Arrowhead Pharmaceuticals Narrows Year-End Loss

Arrowhead Pharmaceuticals Inc., which develops drugs to treat stubborn diseases by silencing the genes that cause them, reported a fiscal 2017 year-end loss of $34 million, down 58 percent from a year ago.

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Tuesday, December 12

Westfield Corp. Acquired by French Commercial Real Estate Firm for $16 Billion

Westfield Corp., owner of the Westfield Topanga & the Village in Woodland Hills, was acquired by French commercial real estate firm Unibail-Rodamco for $16 billion, the companies announced Tuesday.

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Silicon Beach Report Dec. 12: Miso Robotics Hires COO to Help Expand Restaurant Installations

Miso Robotics hires COO to help expand restaurant installations; NASA sees equivalent risk of launching used SpaceX rocket booster; and satellite data analysis startup Slingshot Aerospace raised $3.25 million.

Ports Set Cargo Movement Records for 2017

With still a month to go in 2017, the Ports of Los Angeles and Long Beach have set new records in container movement for the year.

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Miso Robotics Hires COO to Help Expand Restaurant Installations

Miso Robotics, a maker of burger-flipping robotic arms, announced it has appointed former Yahoo executive Melissa Burghardt as its chief operating officer.

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Monday, December 11

Providence St. Joseph and Ascension in Reported Merger Discussion

Providence St. Joseph Health, which runs 14 hospitals in Southern California, is in talks to merge with Ascension Health to create the nation’s largest hospital chain, according to the Wall Street Journal.

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UnitedHealth Group to Buy DaVita Medical Group of El Segundo for $5 billion

The largest health insurer in the U.S. will buy DaVita Medical Group of El Segundo, one of the nation’s largest physician groups, for $4.9 billion.

Silicon Beach Report Dec. 11: Soylent Founder to Step Down from CEO Role

Soylent founder to step down from CEO role; Snapchat is trying to make inroads with advertisers in China; and SpaceX to launch used booster and spacecraft.

Mob Scene Makes Senior Exec Promotions

Mid-Wilshire entertainment industry marketing agency Mob Scene announced two senior level promotions Monday.

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Sunday, December 10

LABJ FORUM: New Guidelines for Conduct

Widespread allegations of sexual harassment and assault have surfaced in the business and political worlds over the past several months, so the Business Journal asks: Is your company planning to update its workplace sexual harassment policies or hold additional training?

Friday, December 8

Beleaguered LA Weekly Names Staffer as Interim Editor

In the midst of a social media-fueled protest and boycott targeting LA Weekly’s controversial new ownership, the publication has named staff writer Hillel Aron as interim editor.

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CDTFA Offering Tax Relief for Businesses Impacted by Fires

The California Department of Tax and Fee Administration is offering tax relief to businesses impacted by the fires in Southern California, according to an announcement from the agency on Friday.

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Silicon Beach Report Dec. 8: Snapchat Gets Up To $1 Million a Day for Branded Augmented Reality

Snapchat gets up to $1 million a day for branded augmented reality; K1 invests $200 million in SecureAuth; and Disney adds tech execs to board.

Gilead Sciences and Kite Pharma Acquire Cell Design Labs

Biotech giant Gilead Sciences Inc. and its Kite Pharma Inc. subsidiary in Santa Monica are buying Cell Design Labs Inc. for up to $567 million as the battle to develop cancer-targeting cell therapies heats up.

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Camerata Pacifica Receives Largest-Ever Gift, Windfall from Music Sale

Camerata Pacifica chamber orchestra has announced a $1.25 million bequest from Santa Barbara resident Bernard Gondos, a pathologist, amateur violinist and longtime Camerata supporter who died in January.

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T Group Productions Acquires Big Boots Studios, Launches Digital Studio

T Group Productions will acquire digital house Big Boots Studios, the companies have announced.

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Warehouse Exchange Adds to Potential Inventory

AWI partnership expands digital marketplace’s reach as third-party space broker

West Los Angeles-based Warehouse Exchange has struck a deal with a group of logistics companies to extend its “airbnb”-like warehouse rental platform nationally and internationally.

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Make Sure Housing Remains Top Priority in 2018

As 2017 comes to a close and we look back on the policy and business issues that took center stage locally and statewide, perhaps the most important among them was the attention given to our housing shortage and affordability crisis.

Stop the Rush, Reconsider R&D Tax Credit

There’s a rush to get a tax bill passed in Washington, D.C., where President Donald Trump sits atop a Republican Party anxious for something – anything – to take home for the holidays.

Calendar

Calendar of Events

Miramar Buys Northrop Building for $37 Million

Aerospace firm has two years on lease; deal signals El Segundo ‘momentum’

Santa Monica-based Miramar Capital Advisors has acquired Redondo Beach Business Court, a 124,400-square-foot office building and separate day-care facility for $36.7 million.

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Insurers Manage Year of Moderate Growth

State Farm retains top spot among local offices for property, casualty

List Story: Moderate uptick for property and casualty insurers.

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Report Lags Reality as Aerospace Sector Shifts

2014-2016 snapshot shows decline in jobs; economist takes broader view

Recent declines in aerospace employment in Los Angeles County could be offset in coming years by growth at innovative startups as well as legacy aerospace firms.

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Deals & Dealmakers: Consolidation Trend

NSBN latest professional services firm to make move amid generational shift

NSBN in Century City will be absorbed Jan. 1 by Minneapolis-based CliftonLarsonAllen, according to the local accounting firm’s Managing Partner Ken Miles.

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New Fix on Fixtures

$6.5 Billion Kohler Brand Opens WeHo Experience Center

Kohler’s next-gen commodes and fixtures get West Hollywood showroom.

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PAGE 3: Southern Hospitality in Pacific Palisades

Best wishes to any and all of the individuals, families, businesses and other entities affected by the recent wildfires that have hopscotched the region.

Big Chunk of Vernon Cold Storage Changes Hands

Nearly 1 million square feet of cold storage space trades in Vernon to growing warehouse company.

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Torrance Aerospace Firm ACTA Acquired

Georgia tech company buys Torrance aerospace firm.

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LA Weekly Vs. New Alternative

MEDIA: Social media blitz aims to oust new owners

Social media boycott spells trouble for new owners of L.A. Weekly; leads to event cancellation.

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Times Square Feel for Downtown?

HOTELS: Figueroa to get prominent LED displays

Developers’ bold vision around DTLA’s convention area aligns with city’s push to increase hotel rooms.

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Industry Standard Sought on Space Cargo

TECHNOLOGY: Satellites behind push for defined units

With more cargo heading into space, one company hopes to standardize how to fit it all into rockets.

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Deck The Malls

Brick-and-mortar crowds dwindle, but Santa still draws an audience

Holidays, Santas and customers’ preference for real beards help bring feet to retail centers.

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Thursday, December 7

Short Seller Bets Against OSI Systems

Hawthorne-based OSI Systems Inc. saw its shares tumble more than 30 percent on Wednesday following a short seller’s declaration that the company was “rotten to the core.”

Short Seller’s Bet Against OSI Systems Sent Stock Price Tumbling

Hawthorne-based OSI Systems Inc. saw its shares tumble more than 30 percent on Wednesday following a short seller’s declaration that the company was “rotten to the core.”

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Silicon Beach Dec. 7: Fandom Site Movie Pilot Acquired by France’s Webedia Digital Media Group

Fandom site Movie Pilot acquired by France’s Webedia Digital Media Group, LAPD warns drivers navigation apps may steer towards fires and Boeing CEO Says ‘We will beat SpaceX to Mars.’

LA Weekly Sips & Sweets Fest Canceled Amid Boycott Campaign

LA Weekly’s Sips & Sweets Festival, scheduled for Thursday at the Petersen Automotive Museum, was canceled abruptly as a boycott campaign targeting the publication’s new owners spread.

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Local Businesses Offer Services for Southern California Fire Victims

Businesses across Southern California, from insurance companies to animal hospitals, are lending support to those affected by wildfires raging across Ventura and Los Angeles counties.

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Report: Disney's Iger May Stay On

The Walt Disney Co.’s possible purchase of the entertainment assets of 21st Century Fox may result in Robert Iger staying on as Disney’s chief executive, according to a report Wednesday in the Wall Street Journal.

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Wednesday, December 6

L.A. Small Business Owners More Confident in Economy than National Average

Professionals finding gigs in the L.A. metro area through local services website Thumbtack said they have more confidence in their business and the economy in the near future than the nationwide average, according to a study released Wednesday by the San Francisco company.

Los Angeles County Votes to Seize South L.A. Property

Los Angeles County has taken steps to seize a blighted lot in South Los Angeles for development against the objection of a property owner planning to build an entertainment village.

CMA CGM Completes Port of L.A. Terminal Sale for $875 Million

French shipping line CMA CGM has completed the sale of Global Gateway South, the third largest terminal at the Port of Los Angeles for $875 million.

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Silicon Beach Report Dec. 6: CrossCut Ventures Raises $125 Million

CrossCut Ventures raises $125 million, Prevoty secures $13 million in Series B round led by Trident Capital Cybersecurity and would Disney, with control of Hulu and Fox Studios, have formula for a Netflix killer?

L.A. City Council Passes Commercial Cannabis Regulations

The Los Angeles City Council passed three ordinances Wednesday that will regulate the licensing and operation of cannabis businesses, effective immediately pending the Mayor’s signature.

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Patrick Soon-Shiong Innovation Awards 2017: NOMINEES

Custom Content by the Los Angeles Business Journal

24Hr HomeCare Agent, Inc. Annenberg Foundation - Alchemy Tech Artkive ATOMS Movie, LLC Belkin International, Inc. BenjiLock, LLC BioMarin Pharmaceutical Inc. CareMore Chanje codeSpark Coding Autism Conduent Incorporated Creation Nation Cylance Inc. Earny Inc. Elevate My Brand, Inc. Emagispace Enplug EZER Inc. FabFitFun FloQast Heal Heartbeat Herbalife Nutrition Hixme IN GOOD CO JOANY Josh.ai LA Promise Fund Miso Robotics Moving Analytics, Inc. NEXT Trucking Paranotek, LLC ParkParkGoose Percussa Produce Pay, Inc. Reeelit Relobase See Jane Go, Inc. Sellution Skurt Inc. Solaborate LLC STAR IT Consulting Stasis Labs Stop, Breathe & Think, PBC Stripe Survios The Goldhirsh Foundation TravGanic UCLA Smart Grid Energy Research Center URB-E Vault Brokerage Vertebrae, Inc. Virtualitics, Inc. Wambi, LLC Workpop Inc. X-naut Zwift, Inc.

Patrick Soon-Shiong Innovation Awards 2017: FINALISTS - POLIS ASSIST, INC.

Custom Content by the Los Angeles Business Journal

Polis Assist is a mobile parking app helping people to find free parking, decipher complex signs all over Los Angeles and avoid or defend parking tickets that are unlawful.

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UCLA Anderson Study Projects Short-Term Economic Growth, Uncertain Future

California is poised for an economic growth spurt next year that will likely peter out as a federal tax bill slows housing construction and rising housing costs make it harder for employers to recruit qualified workers, according to a UCLA economic forecast released Wednesday.

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Patrick Soon-Shiong Innovation Awards 2017: FINALISTS - MY MOBILE WATCHDOG, INC.

Custom Content by the Los Angeles Business Journal

As children with cell phones become younger and younger, it has become increasingly more important for parents to monitor their mobile phone use in order to keep kids safe from predators and bullying.

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Tuesday, December 5

LA Weekly Sponsors, Advertisers Pull Out Amid Boycott Campaign

In the wake of last week’s mass layoffs at LA Weekly by its new owner, a boycott campaign spreading over social media has businesses pulling ads and removing themselves from the sponsor list for an upcoming LA Weekly event.

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Crime Suspect Identification Firm Announces Partnership with Rite Aid

Valencia-based Captis Intelligence, a company that claims its software helps identify crime suspects, announced a national partnership with Rite Aid Corp. today. The one-year deal covers all Rite Aid’s 4,621 stores across the country, Dario Brebic, president of Captis told the Business Journal.

Patrick Soon-Shiong Innovation Awards 2017: FINALISTS - HYPERSIGHT, INC

Custom Content by the Los Angeles Business Journal

HyperSight is a Sofware-as-a-Service (SaaS) company in the automotive industry that leverages digital technologies such as augmented reality, artificial intelligence, data analytics and machine learning to create engaging and futuristic customer experiences.

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Patrick Soon-Shiong Innovation Awards 2017: FINALISTS - GEM

Custom Content by the Los Angeles Business Journal

In 2017, everyone’s interactions with businesses are growing exponentially.

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Patrick Soon-Shiong Innovation Awards 2017: FINALISTS - DOCK, INC

Custom Content by the Los Angeles Business Journal

Dock is building a revolutionary innovation that is sure to resonate with the parking-space starved people and businesses of Los Angeles.

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Silicon Beach Report Dec. 5: Hyperloop One Co-Executive Chairman Shervin Pishevar Takes Leave of Absence

Hyperloop One Co-Executive Chairman Shervin Pishevar takes leave of absence, Ziff Davis to close Mashable acquisition for $50 million and lay off 50 people and Relativity Space aims to 3-D print entire launch vehicles.

$51 Million in Refinancing for Two L.A. Apartment Buildings

El Segundo mortgage company Venture West Funding Inc. announced Tuesday it arranged nearly $51 million in loans to refinance two newly-constructed apartment buildings totaling 120 units.

Patrick Soon-Shiong Innovation Awards 2017: FINALISTS - CUJO LLC

Custom Content by the Los Angeles Business Journal

CUJO LLC provides a plug-and-play smart home security device that protects the connected home from the virtual intrusions, such as malware, viruses, and hacking techniques.

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Patrick Soon-Shiong Innovation Awards 2017: FINALISTS - CONTOUR CRAFTING CORPORATION

Custom Content by the Los Angeles Business Journal

Contour Crafting is a mega-scale 3D Printing technology for fabrication of large-scale structures directly from computer models.

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Patrick Soon-Shiong Innovation Awards 2017: WINNER - VNTANA

Custom Content by the Los Angeles Business Journal

VNTANA is an Augmented Reality computing platform designed to help Chief Marketing Officers create engaging experiences, generate leads, and convert sales by tracking data to quantify engagement.

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Patrick Soon-Shiong Innovation Awards 2017: WINNER - OBEN

Custom Content by the Los Angeles Business Journal

ObEN is the first to combine artificial intelligence technology in speech, computer vision and natural language processing to create a complete virtual human that looks, talks and behaves like its human counterpart.

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Patrick Soon-Shiong Innovation Awards 2017: WINNER - KLICKLY

Custom Content by the Los Angeles Business Journal

Klickly’s proprietary technology is the first and only platform that lets people purchase (with one touch) directly within ads, emails, and social media.

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Patrick Soon-Shiong Innovation Awards 2017: WINNER - JAUNT

Custom Content by the Los Angeles Business Journal

Having developed and distributed immersive cinematic realities in order to pioneer the evolution of new media, Jaunt is a key supporter of the category as a whole.

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Patrick Soon-Shiong Innovation Awards 2017: WINNER - AIRMAP

Custom Content by the Los Angeles Business Journal

AirMap is a trailblazing leader in the creation of technology utilized in unmanned airspace.

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Monday, December 4

Air China to Launch LAX-Shenzhen Direct Route

Air China announced Monday a new route between Los Angeles International Airport and Shenzhen, China.

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Soon-Shiong’s NantHealth Inc. to Support UCSF Breast Cancer Study

NantHealth Inc. will support University of California San Francisco breast cancer research, the company announced Monday.

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Silicon Beach Report Dec. 4: Boring Co. Reveals Proposed Map of Tunnel Under Los Angeles

Boring Co. reveals proposed map of tunnel under Los Angeles; Falcon Heavy to carry a Tesla Roadster for maiden launch; and IMDbPro launches iPhone app for entertainment industry professionals.

L.A. Times Newsroom Takes Next Step to Unionize

The Los Angeles Times editorial staff has taken the next step in its plan to unionize.

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Corporate Citizenship & Giving Guide: Wolf Connection

Custom Content by the Los Angeles Business Journal

Wolf Connection serves at-risk populations in Los Angeles County, and wolf/wolfdog welfare and rescue nationwide.

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Report: L.A. County Sheds 3,000 Aerospace Jobs Between 2014 and 2016

Aerospace employment in Los Angeles County dropped by 3,000 jobs, or about 6 percent, to 51,000 between 2014 and 2016, according to a report released Monday from the Los Angeles County Economic Development Corp.

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Corporate Citizenship & Giving Guide: Providence Foundations, Los Angeles Region

Custom Content by the Los Angeles Business Journal

Providence Foundations, Los Angeles Region supports five medical centers and a regional hospice service caring for residents throughout the greater Los Angeles metropolitan area, and in Orange County for hospice services.

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Corporate Citizenship & Giving Guide: Olive Crest

Custom Content by the Los Angeles Business Journal

Olive Crest serves children and families each day throughout California, Nevada and the Pacific Northwest.

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Corporate Citizenship & Giving Guide: The Leukemia & Lymphoma Society

Custom Content by the Los Angeles Business Journal

The Leukemia & Lymphoma Society funds lifesaving cancer research here in Los Angeles and around the world and provides free information, support services and direct financial assistance to patients and families living in Greater Los Angeles County.

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Sunday, December 3

LABJ FORUM: Inglewood Investment?

Stadium and rail line projects are underway in Inglewood, and property values are on the rise. So the Business Journal asks: Would you consider buying residential property in Inglewood?

Friday, December 1

Toyota to Build Renewable Energy Plant at Port of Long Beach

Toyota Motor North America Inc. announced Thursday that it will build its first large-scale natural gas-powered plant to help support its operations at the Port of Long Beach.

Corporate Citizenship & Giving Guide: Habitat for Humanity of Greater Los Angeles ReStores

Custom Content by the Los Angeles Business Journal

Habitat for Humanity of Greater Los Angeles (Habitat LA) covers two-thirds of Los Angeles County.

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Silicon Beach Report Dec. 1: Faraday Future’s Chief Designer, Richard Kim, Resigns

Early executive and chief designer at Faraday Future, Richard Kim, resigns; Disney sues Redbox over movie download codes; and Tinder’s artificial intelligence feature suggests who to ‘Super Like.’

Corporate Citizenship & Giving Guide: Habitat for Humanity of Greater Los Angeles

Custom Content by the Los Angeles Business Journal

Since 1990, Habitat for Humanity of Greater Los Angeles (Habitat LA) has strengthened low-income communities, covering two-thirds of Los Angeles County.

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Intrepid Advises RSI on $1.1 Billion Sale to American Woodmark

Intrepid Investment Bankers of Brentwood helped broker a $1.1 billion dollar deal on behalf of client RSI Home Products Inc., the firm said Friday.

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Calendar

Calendar of Events

L.A. Transportation Officials Hope to Fast Track Projects for 2028 Summer Olympic Games

L.A. County transportation officials unveiled Thursday a plan to fast-track eight transportation projects to bring them to completion by the 2028 Summer Olympic and Paralympic Games.

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New President, Head Physician for City of Hope Med Center

City of Hope National Medical Center appointed this week cancer researcher Dr. Michael A. Caligiuri as president and head physician.

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Boardriders Offers to Buy Billabong

Boardriders Inc., whose largest shareholder is downtown-based Oaktree Capital, has put in a takeover offer for rival Billabong International Ltd., valuing the latter at $150 million.

Madera Group Seeks Strategic Edge With M|O|M

Delivery-only concept seen as possible supplement to outfit’s fast-casual chain

There’s a new restaurant opening in town…minus the restaurant.

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Puma Leaps to SE Asia with Licensing Deal

Biotech outfit partners with Singaporean firm for cancer drug campaign

Puma Biotechnology Inc. of West Los Angeles has made its first foray into Asia.

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Deals & Dealmakers: Regent Reels in Sunset

Beverly Hills private equity firm adds magazine to media portfolio

Regent adds to media portfolio with Sunset magazine.

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Lakers Give Mohr All-Access Pass for Podcast

Comedian, actor signs on for official role after two months without team link

Laker Nation finally has an official team podcast.

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All Charged Up

200 now on job at 113,000-square-foot facility for EV battery packs in Vernon

Electric vehicle battery pack maker Romeo Power is charging up production at its newer 113,000-square-foot assembly facility in Vernon.

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SBA Update: Loans Down, Dollar Volume Steady

L.A. District of federal agency remains busiest in nation with $1.8B

SBA lending about flat.

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PAGE 3: Rams, Kroenke Look Plenty Sharp

There’s no disputing that the Rams are looking good at 8-3.

CIM in Trump Bump Over SoHo Property

Mid-Wilshire-based real estate firm CIM Group Inc. will soon need a new name for its luxury SoHo hotel/condo hybrid in New York, currently called Trump SoHo, now that the company has announced it will buy out the Manhattan-based Trump Organization’s management and licensing contract for the building.

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Shareholders Pan Breitburn

Latest on Breitburn's bankruptcy.

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Hotel Heat Makes Old Buildings Cool

Hot hotel market means new life for some old office buildings.

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Will city foil oil?

Prices up but prospects uncertain with new regulations in works

Regulations, complaints by residents point up the other price of oil in L.A.

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Foreign Capital Focused on Class A Prizes

Single-tenant occupancy, long-term lease part of appeal of DreamWorks HQ

Foreign investment into L.A. properties deepened last month with a South Korea-based company’s purchase of the DreamWorks headquarters in Glendale, a deal which seems to shed some light on an increasing trend toward prime assets.

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High-End Drone Tech Finds Way

How domestic drone makers can fly above offshore competitors.

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Family Fashion

Shaan Sethi, chief executive of El Segundo-based Jaanuu, a purveyor of fashion-forward scrubs for medical professionals, called the company “a brother-sister dream.”

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Doheny Institute Moves to Pasadena

Hot hotel market means new life for some old office buildings.

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Seismic Deadline Shakes Hospital Landscape

MemorialCare Health System planned to spend $16 million for seismic retrofitting on top of the undisclosed price it paid for the bunch of century-old buildings at a hospital campus in Long Beach six years ago. Those plans crumbled when an active fault was found running beneath the 18-building, 158-bed Community Medical Center Long Beach.

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Games We Play – and Why They Matter

Let’s start with an acknowledgment that sports claim an outsized share of the media’s attention, especially if viewed through the lens of business.

Video Games: California’s Next Economic Level

U.s. Representatives Darrell Issa (R-49) and Scott Peters (D-52) recently engaged in a refreshing show of bipartisanship, appearing together at the most recent San Diego Comic-Con to discuss the importance of a strong technology sector.