Stories for April 2018

Monday, April 30

Eight-Property Portfolio in L.A. County Sells for $162 Million

Van Nuys-based Sikand Properties has sold an eight-property portfolio of apartment buildings with 644 total units in Hollywood, Pasadena and elsewhere in Los Angeles County for nearly $162 million.

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Most Influential Minority CPAs: LORI ROCK

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Lori Rock is a Tax Partner in Marcum LLP’s Los Angeles office.

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Most Influential Minority CPAs: MRUNAL PATEL

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Mrunal Patel has practiced public accounting since 2000.

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Silicon Beach Report April 30: LeaseLock Lands $10 Million

LeaseLock lands $10 million; Disney inks deal with Twitter; Hyperloop for cargo in the works.

Most Influential Minority CPAs: ANANT PATEL

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Anant Patel has more than 20 years of public accounting experience and leads Green Hasson Janks’ Consulting and Transaction Advisory Practice.

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Most Influential Minority CPAs: KIMBERLY HUSAIN PALACIOS

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Kimberly Husain Palacios is an assurance services senior manager in the Los Angeles offices of RSM.

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Most Influential Minority CPAs: GUY NICIO

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Guy Nicio joined Windes in 1998 and is a partner in the firm’s Tax & Accounting Department.

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Most Influential Minority CPAs: JOANNA LI

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Joanna Li is a Tax Partner at Squar Milner LLP, a top 50 accounting firm in the U.S.

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Most Influential Minority CPAs: TRACEE JONES

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Great leaders innovate, collaborate with their employees and transform ideas while empowering their teams by removing the feeling of a hierarchy and putting everyone at ease, allowing them to transform their ideas into a reality.

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LeaseLock Lands $10 Million

Marina Del Rey-based LeaseLock, an insurance startup that eliminates the security deposit for renters in exchange for a minimum $19 monthly payment, announced a $10 million Series A funding round.

Most Influential Minority CPAs: JENNY YANG INOUYE

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Jenny Yang Inouye is a director in the tax practice of CohnReznick’s Los Angeles office.

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DCT Deal Expands Prologis’ So Cal Real Estate Portfolio

Prologis Inc., a San Francisco-based real estate investment trust, announced it will purchase DCT Industrial Trust Inc. of Denver for $8.4 billion in a stock transaction which includes the assumption of debt, the companies have announced.

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Most Influential Minority CPAs: MIHO IKEDA

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Miho Ikeda is currently a Director in Armanino, LLP’s International Tax Practice Group, and heads the firm’s Japanese Client Services Group.

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Calif. Supreme Court Sets More Stringent Standards for Independent Contractors

Decision seen as setback for gig economy companies and platforms

The California Supreme Court on April 30 set more stringent standards for determining whether workers can be classified as independent contractors, handing a victory to worker advocates and dealing a setback to gig economy companies and platforms.

Most Influential Minority CPAs: KASH HUSSAIN

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Kash Hussain is an audit partner and co-practice leader of the Technology & Media industry practice in CohnReznick’s Los Angeles office.

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Most Influential Minority CPAs: CARLOS GUTIERREZ, JR.

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Carlos Gutierrez, Jr. has over 22 years of experience providing accounting and audit services to local and multinational companies.

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Most Influential Minority CPAs: MOHAMED GHATTAS

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Mohamed Ghattas is a senior manager in CohnReznick’s Tax Practice and a key member of the specialized industry teams for the firm’s Commercial Real Estate, Retail and Consumer Product, and Cannabis Practices.

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Most Influential Minority CPAs: STAFORD FRANCOIS

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Staford François is a Senior Manager in KPMG Los Angeles Audit Asset Management practice.

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Most Influential Minority CPAs: CHERYL CALHOUN

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A managing director in the CBIZ MHM Los Angeles office, Cheryl Calhoun brings over 30 years of experience and expertise to all facets of the entertainment industry, with a particular emphasis in film and television.

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Most Influential Minority CPAs: IYAYE AMABEOKU

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Iyaye Amabeoku has more than nine years of experience providing advisory and consultation services to large complex global organizations in the areas of operational and complex accounting, financial reporting, and project management.

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Citigroup Donates $3.5 Million to L.A. Organizations

The foundation arm of Citigroup Inc. announced April 26 that it will give $500,000 each to seven different Los Angeles non-profits in order to address various urban economic challenges.

Most Influential Minority CPAs: Business Executives’ Optimism about U.S. Economy Hits Post-Recession High for Second Consecutive Quarter, AICPA Survey Finds

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Business executives’ optimism about the U.S. economy continues to soar but is tempered somewhat by growing inflation concerns, according to the first-quarter AICPA Economic Outlook Survey, which polls chief executive officers, chief financial officers, controllers and other certified public accountants in U.S. companies who hold executive and senior management accounting roles.

Molina Health Sees 39 Percent Boost in Q1 Earnings

Insurance giant Molina Health Care Inc. reported a 39 percent boost in revenue to $107 million in its first quarter after suffering hundreds of millions in losses during 2017.

Hastings Foundation Gives $12.5M to USC to Study Lung Disease

The Hastings Foundation of Pasadena has donated $12.5 million to the Keck School of Medicine of USC for lung disease research.

SeqOnce BioSciences Raises $1M

SeqOnce BioSciences Inc., a biotech startup based in Pasadena, has raised $1 million in its latest financing round, according to securities filings.

Most Influential Minority CPAs: New Report on Diversity and Inclusion Unveils Survey Data on Key Practices

Custom Content by the Los Angeles Business Journal

Allegis Group, the global leader in talent solutions, released a report today on diversity and inclusion (D&I) based on research and expertise from leaders in the world of talent acquisition.

Most Influential Minority CPAs: A LOOK AT THE CALCPA EDUCATION FOUNDATION PRESIDENT

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Last year, Okorie Ramsey, CPA, CGMA, PMP, was elected president of the California Society of CPAs (CalCPA.org) Education Foundation for 2017–18 by the CalCPA Council at its meeting at the Encore Hotel.

Most Influential Minority CPAs: CalCPA Chair Stresses Importance of Diversity, Financial Literacy and Increased Student Outreach

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When she became chair of the California Society of CPAs (CalCPA.org) for 2017–18, Kathy Johnson, CPA, said she will devote her term to three admirable initiatives, all of which she has been working toward.

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Air Agency Committee Decision Aimed at Toxic Chemical Used at Area Refineries

A South Coast Air Quality Management District committee on April 28 ordered agency staff to develop rules or reach an agreement to reduce the risk of accidental releases of a toxic chemical at two local refineries.

Friday, April 27

Malibu Home Sold for Record $110M

Los Angeles County’s largest-ever home sale has occurred in Malibu, where Hard Rock Café co-founder Peter Morton sold his beachfront house for $110 million, or $13,750 per square foot.

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County Seizes 4.2-Acre Lot in South L.A., Mixed-Use Project Planned

Los Angeles County has won court approval for its effort to seize a blighted 4.2-acre lot at Vermont and Manchester avenues in South Los Angeles.

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STYLE | Monochromatic Manager

Scott Fisher I Select Management Group

Scott Fisher, 26-year-old founder and chief executive of Select Management Group in mid-Wilshire, might not be the first person you’d peg as the manager of fashion-forward internet personality Gigi Gorgeous.

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Macerich Names New CEO

Macerich Co. has announced that Thomas O’Hern, its chief financial officer, treasurer and senior executive vice president, will become its chief executive officer effective New Year’s Day 2019.

Silicon Beach Report April 27: K-Swiss Teams With Immortals, $2.7M for Girls’ Social Network, WME Expands Podcast Portfolio

K-Swiss will introduce an esports shoe in a partnership with esports group Immortals; a new social network for girls founded by former Disney execs gets $2.7M in seed funding; and WME expands its podcast portfolio.

Deal Takers

Port of Long Beach terminal at center of deal under review by little-known Committee on Foreign Investment

Shipping line’s pending acquisition of competitor could get thwarted should it include local seaport terminal.

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Online College Would Benefit L.A. Business

When California Community College Chancellor Eloy Ortiz Oakley outlined at a recent State Senate hearing the benefits of Governor Brown’s proposed online college, it was received as informative detail from lawmakers and policy observers.

Hope on Homelessness?

Give the Los Angeles City Council and Mayor Eric Garcetti credit for doing something on homelessness with the recent unanimous passage of two new ordinances.

Office Market Cools in Q1 as Prices, Volume Dip

Quarter-to-quarter dips in average PSF, deal volume after hot close to 2017

Prices and deal volume slip in the first quarter for L.A. County office market.

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Locals Part of Broad Range on Neuroscience R&D

Nine bioscience firms in various stages on 15 different treatments

Cures for conditions that afflict aging Americans are the focus of area bioscience companies.

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Deals & Dealmakers: RBB Makes Push into New York

$117M First American deal gives bank East Coast outpost

RBB Bancorp puts down roots in New York with First American acquisition.

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Malibu to Pay $42.5M for 3 Perenchio Parcels

Deal covers nearly 30 acres in commercial zones

Malibu grabs 30 commercial acres in $42.5 million land deal, most of it off Pacific Coast Highway.

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Troubling Trend For Mattel Amid Its Latest C-Suite Shakeup?

MANUFACTURING: Former YouTube studio exec Kreiz follows Google vet

Mattel Inc.’s fourth chief executive in four years officially took the helm of the company last Thursday.

Furniture Makers to Shutter Shops

MANUFACTURING: More than 200 employees could be out of jobs

Two furniture manufacturers in Los Angeles are shutting their factory doors, according to notices issued by the companies last month to a state agency.

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Roskis Bring Added Sense of Diversity

There’s always plenty of talk about L.A.’s diversity – and there’s plenty of texture and nuance to the concept here, as Ed Roski and friends demonstrated when he was honored with the American Friends of Hebrew University’s Scopus Award on April 19.

Eyes on International Prize

General managers of area hotels outline their strategies for attracting international tourists.

Tailwind Pushes LAX Hotels Ahead

HOSPITALITY: Higher room rates draw new development

LAX hotels have enjoyed a good run, but that may change with new competition.

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Hotel Demand Breeds New Supply

HOSPITALITY: Market absorbs 10,800 new rooms

L.A. County tourists have an abundancy of new hotels to choose from.

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Belkin Buy Raises $866M Question

TECHNOLOGY: Key Apple supplier aims to diversify

What may have motivated Foxconn’s recent purchase of Belkin International?

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MOVIE MAKEOVER

Luxury services, niche appeal attract audiences; trade group takes streaming in stride

Movie theaters fight back against competition from streaming services with comfort and niche offerings.

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Thursday, April 26

Mattel Shares Rise after First Quarter Earnings Announced

Shares of toymaker Mattel Inc. rose 4 percent after the company beat analyst expectations for its first quarter earnings announced April 26.

LAX Passenger Traffic Up 6.6 Percent; International Jumps 12 Percent

Passenger traffic at Los Angeles International Airport rose 6.6 percent in March – including a nearly 12 percent jump in international travelers – and was up 6 percent for the first quarter, according to figures released April 26 by airport officials.

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California Physicians Oppose Proposed Ballot Measure to Cap Dialysis Cost

A state physician’s group has come out against a proposed ballot measure that would limit the cost of kidney dialysis, saying it would put patients’ lives at risk.

Silicon Beach Report April 26: Snapchat Releases $150 Dollar Sunglasses

Snapchat drops $150 sunglasses; Kino Industries partners with Fox for “Choose Your Own Adventure” film; GDC Technology announces “Netflix for Cinema.”

L.A. Forecast: Moderate Job Growth, Continued Rapid Rise in Home Prices

Los Angeles County will see moderate job growth of just over 1 percent for the rest of this year, but the median home price will rise as much as 10 percent.

Wednesday, April 25

Mosqueda Named Dean of USC’s Keck School of Medicine

USC has appointed Dr. Laura Mosqueda, an award-winning family physician and expert in geriatric medicine and elder abuse, to lead the Keck School Medicine of USC, the university announced April 25.

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JetBlue Returns to Ontario Airport; Reduces Flights at Long Beach

JetBlue Airways Corp. is returning service to Ontario International Airport in September as part of a regional flight shuffle in which the carrier is adding flights at Hollywood Burbank Airport but sharply reducing flights at Long Beach Airport, the airline announced April 25.

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Silicon Beach Report April 25: Next Trucking to Hire 50 Employees

Next Trucking to hire 50 employees; RealD inks extension with Cinemark; Bot bill passes next test.

Sony Increases Investment in UK Children’s App

Sony Pictures Television Networks upped its investment in London-based Hopster, a subscription app for young children, according to an April 25 announcement.

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So Cal Public Broadcasting Outfits Announce Merger

Public broadcasting stations KCETLink Media Group in Los Angeles and PBS SoCal (KOCE) in Orange County announced April 25 that they will merge.

Vernon Cold Storage Facility Sells for $57.8 Million

Irvine-based real estate investment firm LBA Realty has purchased the Los Angeles Food Center, a 266,400-square-foot cold storage facility at 2652 Long Beach Ave. in Vernon, for $57.8 million, or about $217 per square foot, according to CoStar Group Inc.

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New Name for Herbalife

The downtown-based multi-level marketing firm Herbalife Ltd. has a new name: Herbalife Nutrition Ltd.

Tuesday, April 24

Three Parcels in Malibu Acquired for $42.5M

The Malibu City Council has approved the purchase for $42.5 million of three parcels of land owned by the Malibu Bay Co., the company once owned by the late Univision executive Jerry Perenchio, the city has announced.

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Goldman Sachs Names L.A. Executive to Lead Private Wealth Division

Goldman Sachs Group Inc. has promoted a Los Angeles-based executive to the head of all private wealth management across the U.S. and Latin America, the company announced April 24.

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Homelessness Policy Research Institute Launched at USC

USC is launching a research institute devoted to policies to reduce homelessness in L.A. County, the university announced April 23.

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L.A. Jewelry Co. Fined $1.6M for Lead, Cadmium in Products

A downtown Los Angeles jewelry distributor has been fined $1.6 million for selling products with lead and cadmium levels exceeding state limits, state regulators and the state attorney general announced April 24.

Silicon Beach Report April 24: Reliam Acquires Stratalux

Reliam acquires Stratalux; Aviron bets on interactive movies; ICX Media opens Los Angeles office.

Science 37, Logical Images Join Forces to Help Dermatologists, Patients

Science 37 Inc., a mobile tech and clinical trial firm based in Playa Vista, has struck a deal with Logical Images Inc. to help doctors and patients better manage skin disorders, the companies announced April 24.

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Reliam Acquires Stratalux

Reliam, a South Bay-based company that manages public cloud platforms for other businesses, announced it has acquired Stratalux, another South Bay-based cloud services company. Both Reliam and Stratalux work with Amazon Web Services and Reliam also works with Microsoft Azure.

Monday, April 23

Co-Work Company Centrl Office Leases 29K SF in Little Tokyo

Portland, Ore.-based co-work space company, Centrl Office, has signed a 10-year lease for 29,000 square feet at Little Tokyo’s Brunswig Square at 356-374 E. 2nd St., its first such location outside its home state.

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Most Influential Lenders in L.A. County: EVERETT ORRICK

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Everett Orrick established BBVA Compass’ Commercial Banking Office in Los Angeles in 2013.

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Most Influential Lenders in L.A. County: NORIKO OAKLAND

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Noriko Oakland is a SVP and Sr. Commercial Officer at Torrey Pines Bank, the Southern California division of Western Alliance Bancorporation.

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Silicon Beach Report April 23: Netflix to Raise another $1.5 Billion for Original Content

Netflix to raise another $1.5 billion for original content; Postmates creates 2,000 jobs in Los Angeles; Boeing invests in Morf3D.

Highview Capital Acquires Two Manufacturing Companies

Private equity firm Highview Capital’s first portfolio company, American Plastics, has acquired two Ohio-based manufacturing companies, the company announced on April 18. Terms of the deal were undisclosed.

Most Influential Lenders in L.A. County: DEAN INDOT

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Dean Indot has had over 10 years of experience in commercial banking and finance, specifically in customer relationship management, business development, commercial credit analyses and underwriting, commercial real estate and mortgage lending, C & I financing, SBA financing and financial statement and cash flow analysis.

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Most Influential Lenders in L.A. County: ERIC FISCH

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Eric Fisch has been with HSBC Bank USA NA for 15 years.

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Most Influential Lenders in L.A. County: JOE FILLIPPELLI

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Wells Fargo Market Manager, Joe Fillippelli brings substantial experience and a breadth of knowledge to the home lending industry.

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Most Influential Lenders in L.A. County: ADAM FEIT

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Adam Feit serves as Managing Director and Market President for MUFG Union Bank’s Los Angeles Region.

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Most Influential Lenders in L.A. County: GENE DUNFORD

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Gene Dunford joined Umpqua Bank in 2016 to establish its new Corporate Banking Division in Los Angeles.

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Most Influential Lenders in L.A. County: JACKY DILFER

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Jacky Dilfer is Executive Director and Chairman of the Board for Business Finance Capital (BFC), a leader in small business lending, specifically the U.S.

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Most Influential Lenders in L.A. County: SCOTT CONNELLA

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Scott Connella serves as Managing Director and Market President for the MUFG Union Bank Commercial Banking Group, Southern California Division.

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Most Influential Lenders in L.A. County: JAN BRZESKI

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Together with his partners and colleagues at Crosswind Financial and Arixa Capital, Jan Brzeski is building a real estate private lending business that truly puts customers first.

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Most Influential Lenders in L.A. County: GREG BELL

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Greg Bell serves as Senior Vice President and Center Manager of the Burbank Commercial Banking Center at Citizens Business Bank.

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Chinese Company's Impending Control of L.B. Terminal Prompts Concern

U.S. regulators have reportedly raised concerns about China-based Cosco Shipping taking control of a container terminal at the Port of Long Beach as part of its $6.3 billion acquisition of another shipping line, the Wall Street Journal reported on April 20.

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Most Influential Lenders in L.A. County: PATTY ARVIELO

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Patty Arvielo specializes in multicultural lending and has made notable progress developing services to enhance the quality of the lending experience for underserved borrowers.

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Ares Management Closes Real Estate Deal in Europe

Ares Management, a Los Angeles-based asset management company, added 159,000 square meters of office space across seven properties in Germany, the Netherlands, Austria and Finland to its real estate portfolio. The company declined to disclose the purchase price.

Most Influential Lenders in L.A. County: Drawing Investors as You Grow Your Business

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The value of any asset is what someone is willing to pay for it.

Most Influential Lenders in L.A. County: Looking at Banking Relationships from the Perspective of a Growing or Emerging Business

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It’s always a good time for small business owners to reassess their company’s financial health and their relationship with their bank.

Most Influential Lenders in L.A. County: Small Business Optimism Index Hits 16th Consecutive Month of Historically High Readings

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The small business optimism index reached its 16th consecutive month in the top five percent of 45 years of survey readings, according to the NFIB Small Business Economic Trends survey.

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Friday, April 20

Santa Monica’s Appetize to Use Its Payment Technology at New LAFC Stadium

Santa Monica-based technology company Appetize said Major League Soccer team, Los Angeles Football Club, will use its payment software to handle food and beverage concessions sales at the club’s newly-opened $350 million Banc of California Stadium in Exposition Park.

South Bay Industrial Space Sells for $103 Million

Chicago-based Bridge Development Partners has sold to a Morgan Stanley fund the 512,000-square-foot industrial space, Bridge Point South Bay, at 20333 Normandie Ave. near Torrance for roughly $103 million, or about $200 per square foot, according to sources.

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Wealth Management: A Q&A with the Experts

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At the Los Angeles Business Journal, our ears are always to the financial ground, and there are a number of questions that we’ve been hearing repeatedly from readers navigating the wealth management landscape.

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New Electric Buses at LAX

The L.A. Board of Airport Commissioners approved a $23.7 million purchase of new 60-foot electric buses that will be used to transport passengers between terminals on the airfield.

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Silicon Beach Report: Saviynt Raises $40 Million

Saviynt raises $40 million; Snoops Dogg’s Casa Verde invests in Green Bits; USC earns top-10 spot for video game development programs.

STYLE | Showbiz Shark

Thomas C. Grane I Mob Scene

Thomas C. Grane, founder and chief executive of entertainment marketing agency Mob Scene, was probably not the only 6th grader who switched his career aspirations from professional baseball to the movie biz after seeing “Jaws” in a sold-out theater when the blockbuster opened in 1975.

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USC Among Top 10 Universities for Video Game Development Programs

The University of Southern California ranked No. 2 on a list of top 10 universities for video game development programs, according to Sherman Oaks-based 80 Level, an online publication covering the gaming industry.

L.A. County Unemployment Rate Continues Steady at 4.5 Percent

L.A. County’s economy continued to coast near full employment in March as the unemployment rate held steady at 4.5 percent for the third straight month and local employers added a relatively small 13,000 jobs, according to state figures released April 20.

Soon-Shiong to Keep Tronc Stake

MEDIA: Word comes with final deal on Times pending

The billionaire buying the L.A. Times will also keep a stake in the parent company.

Same Ribbon, New Rep

All-women support group for Music Center brings new vibe to longstanding mission

Music Center’s 50-year-old fund-raising organization plans for the future.

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Retail Rents Up on Lack of New Development

Supermarkets, service providers seen as hedge against e-commerce

Retail rents are going up despite the industry’s well-documented struggles – or perhaps because of them.

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Workplace Environment as Talent Magnet

“What is management’s commitment to caring about employees? Does the workplace foster health and opportunities to creatively interact with others from diverse backgrounds and experiences?”

Light Housekeeping

Paris the is the City of Light, an affectionate appellation that goes back to its role as a center of learning during the Enlightenment of the 18th century, when the term carried figurative meaning.

Online Orders Bring New Tech to Old Eatery

Canter’s Deli heir confronts online order frenzy with new streamlined app

Canter’s Deli has been a Los Angeles staple since 1931 and still serves the classic fare that helped make the restaurant an iconic Los Angeles hangout.

Culver City Snack Brand Debuts With Kroger

Peatos gets shelf space at 1,700 locations; deal with Safeway expected

Healthy snack maker Snack It Forward lands deal with Kroger.

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Deals & Dealmakers: Gem Looks to New Platform

Blockchain firm unveils consumer-facing app for cryptocurrency traders

Gem’s new cryptocurrency platform helps users track and trade their holdings.

Electric Vehicle Access Expands in L.A.

More charging stations, car-sharing programs on tap

EVgo positions its electric car charging business to meet L.A. demand, strikes deal with GM

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New Huntington Biomed Lab in Pasadena Seen as Hub for Research, Collaboration

‘Flintstones to Jetsons’

A $31M lab in Pasadena hopes to kick off a biomedical research corridor.

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Larian’s $890M Bid for Toys R Us Declined

Bankrupt toy chain’s assets worth more in liquidation than MGA chief’s offer

Toys R Us rejected MGA Entertainment Inc. Chief Executive Isaac Larian’s $890 million bid to acquire some of the bankrupt retailer’s stores in the U.S. and Canada, according to media reports.

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Breitburn Out of BK as Maverick Natural

ENERGY: New name, trimmed operations for downtown-based oil firm

Breitburn Energy emerged from bankruptcy with new name: Maverick.

Film Credit Clears Committees

ENTERTAINMENT: Final bill could include incentives on diversity

A bill to extend California’s motion picture tax credit program sailed through Assembly and Senate committees last week.

L.A. Pairings: From Soon-Shiong to Schumer

Some particularly interesting pairs to draw to around Los Angeles these days, starting with Patrick Soon-Shiong and tronc Inc., current owner of the L.A. Times, Chicago Tribune, New York Daily News and other newspapers. Soon-Shiong plans to pay a reported $500 million to get the Times and related publications in California from Chicago-based tronc.

Market Volatility Shakes Confidence

ECONOMY: Worries increase especially for older Angelenos

Consumer sentiment for Q1 is down, particularly among older Angelenos.

Lobbyists, PR Shops Up, Ad Agencies Dip

COMMUNICATIONS: Strong economy, tax revenue keys

How L.A. advertising, lobbying and public relations firms performed in 2017.

$130M in Wings on Port Pilot Program

TRADE: Macquarie commits to longer view

The proposed $130M staging facility at the Port of L.A. could ease container traffic congestion.

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Thursday, April 19

Macerich CEO Retiring

Macerich Co. Chairman and CEO Arthur Coppola will retire at the end of the year, the company announced, ending 25 years at the helm of the Santa Monica-based shopping mall owner.

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Cannabis Banking Bill Passes Committee Vote

A State Senate committee approved a bill April 18 to allow cannabis business owners to start a limited charter bank in California.

Carson Industrial Properties Land Two Large Leases

The city of Carson continues to attract tenants in Los Angeles County’s tight industrial real estate market, as plastic tube manufacturer CCL Tube Inc. and logistics company Jerich USA, signed significant leases in the city, broker Cushman & Wakefield announced.

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Surf Air Adds 20 Global Destinations to Offerings

Surf Air, the Los Angeles-based airline that offers unlimited flights for a monthly subscription, announced partnerships with JetClass and BLADE, giving customers access to additional domestic and international locations.

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Passenger Traffic Up 10 Percent at Ontario Airport

Passenger traffic at Ontario International Airport surged 10 percent during the first quarter over the same period a year ago, airport officials announced on April 19.

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New CEO at Mattel Inc.

Toymaker Mattel Inc. announced April 19 that its chief executive officer, Margo Georgiadis, is leaving the company to take up the top executive position at Ancestry, a consumer genomics company.

Silicon Beach Report April 19: TheWaveVR Raises $6M for L.A. Office

TheWaveVR raises $6 million for Los Angeles office; PatientPop adds to leadership team; Snapchat seeks boost in advertisement revenue with Shoppable AR.

Homeless Recuperative-Care Facility to Open in Pico-Union Following $1M Renovation

The National Health Foundation is set to transform a century-old sanitarium into a 62-bed recuperative-care facility in Pico-Union for homeless residents discharged from local hospitals.

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Most Influential Women Attorneys: Women Lawyers in Nepal Exchange Professional Experience with Peers U.S., Canada and Australia

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Sixty women lawyers completed a six-day intensive training course, organized by Women Lawyers Joining Hands (WLJH) and the Nepal Bar Association (NBA),

Most Influential Women Attorneys: PARDIS ZOMORODI

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Pardis Zomorodi advises on transactional tax issues in notable deals, many of which have impact on the California economy,

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Most Influential Women Attorneys: DONNA L. WILSON

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As 2017 opened and privacy, data security and other consumer issues continued to explode, Donna Wilson, who leads Manatt’s Privacy & Data Security and Financial Services practices, was busy as lead counsel in navigating nationally known companies through:

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Most Influential Women Attorneys: GABRIELLE VIDAL

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Whether it is a Hollywood headliner’s widow like Cassandra Grey, or representing media moguls like Sumner Redstone, Loeb & Loeb’s Gabrielle Vidal is always at the center of major trust and estate litigation.

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Most Influential Women Attorneys: ERICA J. VAN LOON

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Erica Van Loon is partner and head of Glaser Weil’s Trademark, Copyright and Media Practice.

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Most Influential Women Attorneys: NICOLE RODRIGUEZ VAN DYK

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Nicole Rodriguez Van Dyk concentrates her practice on the defense of whitecollar criminal prosecutions, government and regulatory investigations, and complex civil litigation.

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Most Influential Women Attorneys: TAMMY A. TSOUMAS

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Tammy Tsoumas is a highly regarded lawyer with a particular emphasis in antitrust and competition as well as toxic tort litigation matters.

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Most Influential Women Attorneys: POLLY TOWILL

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Polly Towill of Sheppard Mullin is recognized among clients and her peers as a “goto” litigator, consistently earning exceptional results in bet the-farm lawsuits.

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Most Influential Women Attorneys: ELLIA THOMPSON

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Ellia Thompson is a partner at Ervin Cohen & Jessup and serves on the firm’s five-member Executive Committee.

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Most Influential Women Attorneys: JULIA B. STRICKLAND

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As co-chair of Stroock’s national Financial Services Litigation,

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Most Influential Women Attorneys: SAMANTHA F. SPECTOR

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Approaching two decades as a high-profile litigator, Samantha Spector has become a deeply respected and influential attorney in the Los Angeles family law community, and beyond.

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Most Influential Women Attorneys: AMY SOLOMON

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Amy Fisch Solomon, a partner with Girardi|Keese, specializes in the areas of professional liability, products liability and catastrophic injury.

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Wednesday, April 18

Reports: Toys R Us Rejects Larian’s $890M Bid for Stores

Toys R Us has rejected MGA Entertainment Inc. Chief Executive Isaac Larian’s $890 million dollar bid to acquire some of the bankrupt retailer’s stores in the U.S. and Canada, according to media reports.

Most Influential Women in Accounting: ANNE N. SLUSSER

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Anne N. Slusser was named a partner at the high profile family law firm, Meyer, Olson, Lowy & Meyers (MOLM), in 2012.

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Most Influential Women Attorneys: AMY SIEGEL

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When the biggest brands in film, television, sports and theme parks want a lawyer who knows how to license and monetize their most valuable assets, they turn to Amy Siegel.

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Most Influential Women Attorneys: LARA A. H. SHORTZ

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Over the years, Lara Shortz has built an extraordinary practice and presence at her law firm, Michelman & Robinson, LLP.

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Most Influential Women Attorneys: JULIE A. SHEPARD

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A partner in Jenner & Block’s Content, Media & Entertainment Practice, Julie Shepard has defended her clients’ rights in multiple jurisdictions in copyright and trademark infringement cases, trade secret misappropriation actions,

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Most Influential Women Attorneys: MILDRED SEGURA

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Mildred Segura is a partner in the Los Angeles office of Reed Smith.

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Most Influential Women Attorneys: LEONORA SCHLOSS

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Leonora Schloss is an equity principal at Jackson Lewis and has practiced employment law on the defense side for over 25 years.

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Most Influential Women Attorneys: MISTY M. SANFORD

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Representing such development giants as Tishman Speyer, Caruso Affiliated Holdings and Oaktree Capital in significant real estate transactions, Munger, Tolles & Olson attorney Misty Sanford is playing a critical role in the explosive growth of Los Angeles and other major metropolitan areas.

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Most Influential Women Attorneys: KELLI SAGER

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Kelli Sager’s passion for defending free speech and press rights has defined her legal practice.

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Most Influential Women Attorneys: TANA M. RYAN

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Tana Ryan is the only female equity partner in Kirkland’s West Coast Private Equity Mergers & Acquisitions Practice Group, a status she obtained by devoting more than 14 years to developing a deep career in the Private Equity and M&A field.

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Silicon Beach Report April 18: Tala Raises $65M to Move into Mexico, India

Tala raises $65 million to move into Mexico and India; Hyperloop lands deal for first commercial Hyperloop system in UAE; j2 Global acquires ThreatTrack, Lifescript.

Most Influential Women Attorneys: COURTNEY ROWLEY

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Courtney Rowley is a trial lawyer at the law firm Trial Lawyers for Justice, a co-founding instructor of Trial By Human, a co-founder of Trial by Woman, and soon to be author of the book “Trial by Woman” which will be released in 2018.

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E-Sports Company Immortals Partners With Mountain Dew, Expands Lions Gate Role

In what might be a sign of e-sports commercial viability, Los Angeles e-sports team Immortals announced April 17 that they will partner with Mountain Dew, and collaborate with Lions Gate Entertainment Corp.

Mall of America Owner Looking to Buy Former Rocketdyne Site

The Canadian owner of the Mall of America is negotiating to buy one of the largest redevelopment sites in Los Angeles: the former rocket-engine manufacturing site of Aerojet Rocketdyne, according to CoStar Group.

Most Influential Women Attorneys: JENNIFER S. ROMANO

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When the stakes are high and corporate reputations hang in the balance, some of the nation’s largest health care companies and other Fortune 500 companies call Crowell & Moring’s Jennifer Romano.

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Most Influential Women Attorneys: ANGELA J. REDDOCK-WRIGHT

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Angela Reddock-Wright is the founding and managing attorney of the Reddock Law Group, a boutique employment law firm based in downtown Los Angeles.

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Herbalife Announces $600 Million Stock Repurchase

Herbalife Ltd., a global health nutrition company based downtown, on April 18 announced a self-tender offer to buy back up to $600 million worth of shares.

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Most Influential Women Attorneys: JENNIFER POST

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As a partner in Thompson Coburn’s Corporate and Securities practice, Jennifer Post serves as primary outside counsel to a variety of individuals, institutions and companies, including entrepreneurs, venture capital firms and emerging companies, as well as domestic and international public companies.

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PMK*BNC CEO Michael Nyman to Leave Firm for New Venture

PMK*BNC, the largest public relations firm in Los Angeles, according to the Business Journal’s 2018 list based on number of employees in L.A. County, announced that Michael Nyman, the current co-chief executive and co-chairman, will be leaving the firm to start Acceleration, an investment and advisory firm focused on marketing and media. No timetable has been announced for his departure.

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Most Influential Women Attorneys: DEBRA E. POLE

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Debra Pole is a seasoned, award-winning trial attorney with extensive jury trial experience in both federal and state courts involving mass tort litigation, class actions, and complex litigation.

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82 Labs Draws $10M in Investor Funds for Hangover Remedy

82 Labs Inc., a health care startup based in Koreatown with a hangover remedy drink, has closed a stock offering for $10 million, according to a securities filing.

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Most Influential Women Attorneys: STACY D. PHILLIPS

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Certified Family Law Specialist Stacy D. Phillips is a partner in the Matrimonial and Family Law Practice in the Los Angeles office of Blank Rome LLP.

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Most Influential Women Attorneys: JIJI PARK

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JiJi Park is the co-leader of Pillsbury’s FinTech, Payments & Blockchain focus team and Unclaimed Property team.

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Most Influential Women Attorneys: ARAMEH ZARGHAM O’BOYLE

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Arameh Zargham O’Boyle, of Mintz Levin, is the first female partner in thArameh Zargham O’Boyle, of Mintz Levin, is the first female partner in the growing Los Angeles office. e growing Los Angeles office.

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Most Influential Women Attorneys: MICHELE M. MULROONEY

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Michele Mulrooney is recognized as one of the top tax and wealth planning lawyers in the entertainment industry.

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Most Influential Women Attorneys: ANN MARIE MORTIMER

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Hunton Andrews Kurth’s Ann Marie Mortimer ranks among the premier attorneys in California for her work in complex, high-stakes litigation.

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Most Influential Women Attorneys: DAMARIS MEDINA

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Damaris Medina is a shareholder in Buchalter’s Los Angeles office, and is co-chair of the firm’s Health Care & Life Sciences Industry Group.

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Most Influential Women Attorneys: NINA MARINO

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Nina Marino comes from a family of civil lawyers, including her mother, father, three siblings, cousins and uncles on both sides of the family.

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Most Influential Women Attorneys: THERESA MARCHLEWSKI

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Theresa M. Marchlewski is an equity principal at Jackson Lewis P.C. She has nearly 40 years of experience in all phases of employment and commercial litigation both jury and nonjury in the state and federal courts, handling age, disability, gender, national origin and race discrimination, sexual harassment and wrongful termination claims.

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Most Influential Women Attorneys: JANA LUBERT

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Jana Lubert is the general counsel to Lewis Brisbois and is involved daily in the leadership of the firm.

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Most Influential Women Attorneys: DANA LOWY

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Dana Lowy is a founding partner at the female owned, family law firm Meyer, Olson, Lowy & Meyers, LLP (MOLM).

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Most Influential Women Attorneys: CRYSTAL LOFING

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Crystal Lofing is a partner in Allen Matkins’ Century City office’s real estate group whose practice involves multiple facets of real estate transactions,

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Most Influential Women Attorneys: JANET I. LEVINE

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Janet Levine is one of the nation’s top white collar lawyers and has been a leader in the field for years.

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Most Influential Women Attorneys: IRENE Y. LEE

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Irene Y. Lee is a partner at Russ August & Kabat, where she focuses her practice on all aspects of intellectual property, including patent, trademark, trade secret, copyright, and IP licensing.

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Most Influential Women Attorneys: ANN LAWRENCE

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Ann Lawrence advises on strategic transactions, including financings, recapitalizations, restructurings, acquisitions and dispositions.

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Tuesday, April 17

William Carey 15-Acre Campus in Pasadena Acquired by Swiss Company

EF Education First, a Switzerland-based international education company, has agreed to purchase the nearly 15-acre campus of William Carey International University in Pasadena. Terms were not disclosed.

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Most Influential Women Attorneys: TARIFA LADDON

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After acting as local counsel to Faegre Baker Daniels in Los Angeles for many years, Tarifa Laddon took the gutsy step of leaving Norton Rose Fulbright as a first-year partner to join FaegreBD in order to open the firm’s brand new Los Angeles office, which has since flourished.

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Most Influential Women Attorneys: LINDA KORNFELD

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Linda Kornfeld is one of the nation’s top insurance recovery lawyers.

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Most Influential Women Attorneys: HELEN B. KIM

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Helen Kim has had incredible success in her decades-long career.

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Most Influential Women Attorneys: CHRISTIANNE KERNS

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Christianne Kerns is a partner at Hahn & Hahn LLP.

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Most Influential Women Attorneys: MARSHA A. HOUSTON

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Marsha A. Houston is a partner at Reed Smith and is based out of the Los Angeles office.

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Most Influential Women Attorneys: STACY HORTH-NEUBERT

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Stacy Horth-Neubert is a nationwide leader in managing large, complex, multidistrict litigations in highstakes matters for her clients, and has a broad-ranging complex commercial litigation practice.

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Most Influential Women Attorneys: TIMI A. HALLEM

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A trusted advisor in the areas of real estate and hospitality law, Timi Hallem has had great success over the course of her career representing major developers, lenders, owners and operators in all economic climates.

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Most Influential Women Attorneys: JANET GRUMER

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Janet Grumer has cultivated an impressive business and legal career that has allowed her to provide practical, real-world advice and counsel to her clients.

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Most Influential Women Attorneys: MARISSA ROMÁN GRIFFITH

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One of the few female partners – and among the very few senior Latina attorneys in private practice – specializing in entertainment transactional matters, Marissa Román Griffith is a recognized leader in her field.

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Most Influential Women Attorneys: CHRISTINA N. GOODRICH

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Christina Goodrich is a litigator in K&L Gates’ Los Angeles office.

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Most Influential Women Attorneys: KATE S. GOLD

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Kate Gold is a 27-year veteran of labor and employment law and other high stakes commercial litigation, with a diverse client base of large retail stores and household brand names in the entertainment industry and professional services industries.

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Most Influential Women Attorneys: PATRICIA L. GLASER

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Patricia Glaser is the head of Glaser Weil’s Litigation Department and tops the short list of trial attorneys in the nation sought after for high-stakes litigation.

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Most Influential Women Attorneys: LISA GILFORD

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Lisa Gilford is consistently recognized as one of the leading complex civil litigators in California.

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Most Influential Women Attorneys: BARBARA FITZGERALD

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As managing partner of Morgan, Lewis & Bockius LLP’s Los Angeles office, Barbara Fitzgerald is often sought out by major companies in the entertainment, health services, financial services, manufacturing, retail, hospitality,and transportation industries for her counsel in employment law.

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Most Influential Women Attorneys: DEBRA FISCHER

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A prime example of someone who uses the full extent of the law for the benefit of others is Morgan, Lewis & Bockius LLP partner Debra Fischer.

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Providence St. Joseph Leases 26K SF in Ladera Heights

Providence St. Joseph Health has negotiated a lease for nearly 26,000 square feet at the Wateridge campus at 5100 Goldleaf Circle in Los Angeles' Ladera Heights neighborhood, NAI Capital Inc. announced.

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Ares Energy Fund Buys Majority Stake in N.J. Solar Firm

Ares Energy Infrastructure Fund, a unit at Century City-based private equity firm Ares Management, has acquired a majority stake in Conti Solar of Edison, N.J, the parties announced April 17.

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Silicon Beach Report April 17: AppOnboard Raises $15 Million in Series A Funding Round

AppOnboard raises $15 million in Series A funding round; San Francisco to Bird: ‘Cease and desist;’ Elon Musk’s Boring Co. raises $112.5 million.

Most Influential Women Attorneys: THEANE EVANGELIS

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Theane Evangelis has played a lead role in a wide range of high-profile appellate, constitutional, class action, media and entertainment, and crisis management matters.

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Most Influential Women Attorneys: BONNIE ESKENAZI

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Bonnie Eskenazi regularly impacts the legal landscape handling groundbreaking matters and some of Hollywood’s most high profile and landmark entertainment disputes.

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Most Influential Women Attorneys: MARISSA DENNIS

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Marissa M. Dennis is a litigation partner in the Los Angeles office of Allen Matkins.

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Most Influential Women Attorneys: ROBYN C. CROWTHER

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Robyn Crowther is no stranger to taking complex commercial disputes to trial.

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Most Influential Women Attorneys: LUCIA COYOCA

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Lucia Coyoca is partner and co-chair of the Entertainment and IP Litigation practice group at Mitchell Silberberg & Knupp LLP.

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Most Influential Women Attorneys: ELIZABETH COUSINS

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Elizabeth Cousins joined Nossaman in early 2014 after a highly regarded legal career in Melbourne, Australia.

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Motion Picture Tax Credits Clear Committee Amid Concern

A bill to extend California’s motion picture tax credit program sailed through a state Assembly committee April 17, concerns were raised that Hollywood isn’t using their taxpayer money to promote filmmaking among racial minorities.

Most Influential Women Attorneys: CANDICE CHOH

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Candice Choh, a partner at Gibson, Dunn & Crutcher, has a broad based practice covering private equity and mergers and acquisitions, where she has led numerous complex transactions involving collaboration of a team across jurisdictions/ offices.

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Most Influential Women Attorneys: HAILYN J. CHEN

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Hailyn Chen is a highly regarded litigation partner in the Los Angeles office of Munger, Tolles & Olson who focuses her practice on complex litigation and internal and government investigations.

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Most Influential Women Attorneys: MARGARET “MAGGIE” CARTER

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A former federal prosecutor and currently a partner in O’Melveny’s White Collar Defense and Corporate Investigations practice, Maggie Carter is regularly called upon by Los Angeles’ leading institutions and executives when facing regulatory issues, government enfoA former federal prosecutor and currently a partner in O’Melveny’s White Collar Defense and Corporate Investigations practice, Maggie Carter is regularly called upon by Los Angeles’ leading institutions and executives when facing regulatory issues, government enforcement, and novel, cutting-edge legal issues.

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Most Influential Women Attorneys: NICKI CARLSEN

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Nicki Carlsen is the co-chair of Alston & Bird’s Environment, Land Use & Natural Resources Group, a position she has held since 2008.

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Most Influential Women Attorneys: ERIKA CANCHOLA

Erika Canchola is an entertainment partner at Ramo Law PC, a minority owned, female led 10-attorney law firm headquartered in Beverly Hills.

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Most Influential Women Attorneys: MARY CRAIG CALKINS

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Nationally and internationally recognized, Mary Craig Calkins is a partner in Kilpatrick Townsend’s Los Angeles office where she leads the fast-growing West Coast Insurance Practice.

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Most Influential Women Attorneys: LINDA M. BURROW

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Linda Burrow is a trailblazing litigator who has established herself as a leader in the entertainment industry for her high-profile trial and appellate victories on behalf of the world’s leading entertainment companies including Warner Bros., Sony Pictures, Twentieth Century Fox Film Corp., Netflix, NBCUniversal and Paramount Pictures.

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Most Influential Women Attorneys: JENNIER WOO BURNS

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Jennifer Woo Burns is a partner and co-chair of the Labor and Employment Law practice group at Scali Rasmussen.

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Most Influential Women Attorneys: CELESTE BRECHT

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Celeste Brecht is a partner at Venable LLP, where her practice focuses on complex civil litigation.

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Most Influential Women Attorneys: MARIAH BRANDT

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An experienced civil litigator and trial lawyer, Pillsbury partner Mariah Brandt resolves complex business disputes and class actions, securing victories through trial, arbitration and negotiation.

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Most Influential Women Attorneys: ANDRÉE BLAIS

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Andrée Blais is a partner in Nossaman’s Infrastructure Practice Group in the Los Angeles office and focuses on delivering major public infrastructure projects through public-private partnerships (P3s) and other alternative delivery methods.

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Most Influential Women Attorneys: IVY KAGAN BIERMAN

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With decades of experience providing sexual harassment prevention training tailored to entertainment companies, and proven expertise handling investigations of sexual harassment claims in connection with high-profile television series, it’s no surprise that Ivy Kagan Bierman has been a prominent voice during a tumultuous year in Hollywood.

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Most Influential Women Attorneys: MICHELE J. BEILKE

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Hunton Andrews Kurth’s Michele Beilke knows how to make a difference for her clients.

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Most Influential Women Attorneys: ELENA BACA

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Elena Baca is chair of Paul Hastings’ Los Angeles office and co-vice chair of the Employment Law practice.

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Most Influential Women Attorneys: ANGELA AGRUSA

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Within the last twelve months, Angela Agrusa’s work on the Bill Cosby case was the most closely followed in the news and her legal impact continues well into this year and shows no signs of stopping.

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AppOnboard Raises $15 Million in Series A Funding Round

AppOnboard, a Los Angeles based mobile technology platform that creates demos for apps, announced a $15 million Series A round led by Korea Investment Partners (KIP) with contributions from Mirae Asset Management, Mantaray, MTG and Runa Capital. The capital infusion brings their total funding to $20 million.

Monday, April 16

Silicon Beach Report April 16: SpaceX to Build Big Falcon Rocket

SpaceX to build Big Falcon Rocket; Bridg acquires Relevant Mobile; bill to identify bots passes Senate Committee.

Infinity West Apartments in Hollywood Sold for $23.7 Million

Culver City-based real estate company Goldrich Kest purchased Infinity West, a 43-unit apartment complex at 7045-7051 Lanewood Ave. in Hollywood, for $23.7 million, or about $550,000 per unit, from Bolour Associates of Beverly Hills.

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Miramar Capital Spends $19.1M for Torrance Office Building

Santa Monica-based real estate investment firm Miramar Capital has purchased a three-story, 77,200-square-foot office building at 20285 S. Western Ave. in Torrance for $19.1 million, or $247 per square foot, from property firm Mar Ventures Inc. of El Segundo.

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PierPass Switches to Appointments and Flat Fees for Shipping Cargo Pickups

PierPass Inc., a not-for-profit organization created by terminal operators at the Port of Los Angeles and Port of Long Beach, is replacing its pricing model and implementing an appointment-based system for container pickups, the entity announced on April 16.

New L.A. Times Location in El Segundo Revealed

The permanent home of the Los Angeles Times will be in El Segundo at 2300 E. Imperial Highway.

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Garcetti Announces SpaceX Will Build Big Falcon Rocket at Port of L.A.

Mayor Eric Garcetti announced April 16 during his state of the city address that Elon Musk’s SpaceX will start building the largest rocket ever, Big Falcon Rocket (BFR), on Terminal Island in the Port of Los Angeles.

Friday, April 13

Ferro Sells Off Tronc Shares

Michael Ferro has entirely sold off his 25.5 percent stake of tronc Inc. four weeks after he stepped down as board chairman of the Chicago-based media company, which for now owns the Los Angeles Times.

Santa Monica’s Fairmont Miramar Hotel Revises Renovation Plan

The 302-room luxury Fairmont Miramar Hotel & Bungalows in Santa Monica reportedly unveiled a new plan to dramatically alter its footprint.

So Cal Ports Report Cargo Movement for Q1

The number of cargo containers moved in the first quarter of 2018 was similar at the Port of Los Angeles and the Port of Long Beach but compared to the same period last year, one port set a record while the other saw a decline.

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MGA Entertainment Chief Bidding $890 Million for Toys R Us

Isaac Larian, chief executive of Van Nuys toy maker MGA Entertainment Inc., has made an $890 million offer to buy the Toy R Us retail chain out of bankruptcy.

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Breitburn Energy Exits Bankruptcy With New Name: Maverick

Downtown oil company Breitburn Energy Partners said late April 12 that it has emerged from its two-year bankruptcy and has renamed itself Maverick Natural Resources.

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Silicon Beach Report April 13: Too Many Robots for Elon Musk

Too many robots for Elon Musk;SpaceX worth $25 billion; Fika Ventures pours $8 million into PullRequest

Los Angeles Times Moving to El Segundo

Patrick Soon-Shiong’s first order of business as new owner of the Los Angeles Times will be moving the newspaper to El Segundo.

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STYLE | Eclectic, Adventurous Style

Rachael Worby I Muse/ique

Rachael Worby has devised a uniform that works for her as founder, artistic director and conductor of the Muse/ique performing arts collective.

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Avalon Residents Nix Passenger Tax

HEALTH CARE: Failure puts fate of Catalina’s only hospital in doubt

Avalon residents voted down a traveler tax to fund a rebuild of Catalina’s only hospital.

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$1B in Grants for Area Biomeds

HEALTH CARE: Funds go to 74 entities in L.A. County

Biomedical researchers across Los Angeles County received nearly $1 billion in federal research funding last year – a $105 million increase over 2016, according to a report released by Biocom L.A.

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Compton Retail Sells for $85.5 Million

Tenants at the 281,000-SF property include Wells Fargo, Target, Subway

New York-based Clarion Partners acquired Compton’s 33-acre Gateway Towne Center for $85.8 million, or about $372 a square foot, from Prism Realty Corp. of Costa Mesa, according to CoStar Group Inc.

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Jeans Go Green

Italian denim mill Candiani celebrated its 80th anniversary, new fabric at downtown studio

The L.A. denim community turned out to celebrate an Italian mill with an eco outlook.

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What Soon-Shiong Didn’t Say; China Syndrome

Nothing to report from Patrick Soon-Shiong’s presentation last week to the Breakfast Club

Conference Highlights L.A. Biotech Incubators

Once barren, region now features nine programs supporting 50 companies

L.A. is drawing more life science incubators.

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Hotels Build to Meet L.A. Travel Boom

Westdrift renovates on Westside, DoubleTree makes Pomona move

Hotel construction in L.A. is booming.

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Broadcast Uncertainty

Opportunity for smaller radio outfits, Spanish-language stations could be in air

IHeart’s bankruptcy could have an outsized impact on the L.A. radio market.

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Deals & Dealmakers: Fleet Safety Draws Clearlake

Investment in 20-year-old San Diego company comes out of new $3.6 billion fund

Clearlake takes stake in Lytx; Provenance buys into men's brand Knot Standard.

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Warehouse Game Going Up?

REAL ESTATE: Trends point up potential of vertically designed buildings to combat urban space crunch

Developers and brokers look up for the next phase of warehousing in L.A. County.

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Etiquette Lesson

Some things to consider as the trade dispute between the U.S. and China plays out.

Call for Collaboration on Climate Change

We have witnessed the worst of climate change over the past year. Deadly fires and storms – exacerbated by global warming –have ravaged California, Florida, Puerto Rico and Texas.

Homebuilders Rise Again

REAL ESTATE: But dip in permits suggests slowdown

Residential real estate developers up sales on increasingly smaller homes.

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Lights Dim for SCE?

ENERGY: Caught between new players, long-term pacts

A customer exodus at SoCal Edison has the utility looking to recoup some of that loss.

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State Film Credit as Fixed Cost

ENTERTAINMENT: Tax break likely from lawmakers

L.A. stands to benefit from a proposed extension of California’s film tax program.

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L.A. Rising: Culver City

Half a Million Square Feet of Activity

Apple, Amazon join a flurry of activity in downtown Culver City.

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Strength Continues in Q1 as Offices Fill Space

A look at 2018’s first-quarter highlights.

Thursday, April 12

Silicon Beach Report April 12: L.A. Seed Funding up from Q1 2017

L.A. seed funding up from Q1 2017; Amazon drops price of Ring Doorbell; Former Sony CEO Andrew House joins KEYPR’s advisory board.

Millennium Submits Plans for $1B Hollywood Center

Real estate developer Millennium Partners has submitted to the City of Los Angeles plans for Hollywood Center, a $1 billion project comprised of 1,005-units in two high rises above retail and courtyards.

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Amazon Drops Price of Ring Doorbell

Amazon.com Inc. didn’t waste any time dropping the price of Ring Inc.’s video doorbell to $99.99 from the prior retail price of $149.99. The announcement came on April 12 at the same time Amazon and Ring officially closed the $1 billion acquisition.

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Wednesday, April 11

Passenger Tax Fails in Avalon

Voters in Avalon on April 10 rejected a tax of $1 on every cruise ship, ferry and helicopter passenger to fund a larger and seismically up-to-date replacement building for Catalina Island’s only hospital

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Avenda Health Receives $3.3 Million Investment

Avenda Health Inc., a biomedical device company based in Santa Monica, has closed a funding round of $3.3 million, according to a securities filing released April 11.

L.A. City Council Approves $4.9B Contract for LAX People Mover

The Los Angeles City Council on April 11 unanimously approved a $4.9 billion contract with a private consortium to build and operate an automated people mover to connect Los Angeles International Airport to nearby planned rail and car rental facilities.

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Compton Retail Property Acquired for $85.5 Million

New York-based Clarion Partners acquired Compton’s 33-acre Gateway Towne Center for $85.8 million, or about $372 per square foot, from Prism Realty Corp. of Costa Mesa, according to CoStar Group Inc.

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L.A. Bioscience Gets $1 Billion in Federal Research Funds, Study Finds

Biomedical researchers across Los Angeles County received $1 billion in federal research funding last year – a $105 million increase over 2016, according to a report released by Biocom L.A.

California Resources Corp. Buys Remaining Stake in Natural Gas Oil Field

California Resources Corp. has acquired the remaining surface and mineral rights to California’s largest natural gas-producing oil field from Chevron Corp., the company announced April 9. CRC shares rose $2.41, or around 13 percent, on April 10 to close at $20.47 on the New York Stock Exchange.

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Larchmont Car Repair Lot Sells for $7M, Plans Call for Mixed Use Development

Westside-based investment firm Crescent Capital Partners has purchased for $7 million, or $373 per square foot, a 19,000-square-foot car repair lot at 5570 Melrose Ave. in the Larchmont neighborhood and plans to turn it into a 52-unit mixed-use apartment complex, according to CBRE Group Inc.

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L.A. Times’ Union Guild Study Indicates Race, Gender Pay Gaps

Male journalists who work at the Los Angeles Times get paid more than their female non-white colleagues.

Silicon Beach Report April 11: Hulu and Spotify Announce Bundle Subscription

Hulu and Spotify announce bundle subscription; Facebook made $40 billion in ad revenue in 2017; Snap Inc. files FCC documents for next-generation sunglasses.

Tuesday, April 10

L.A. Council Committee Caps Short-Term Rentals at 120 Days

Decision affects home-sharing through companies like Airbnb, Homeaway

A Los Angeles City Council committee on April 10 approved a home-sharing ordinance that places a citywide cap of 120 days out of the year during which Airbnb and other short-term rental hosts can rent out their units, with the right to appeal for an extension.

MWD Commits Up to $10.8B for Two-Tunnel Water Project

The Metropolitan Water District of Southern California board of directors on April 10 voted to commit up to $10.8 billion in funding for two water tunnels to carry water under the San Joaquin/Sacramento River Delta to Southern California.

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Dodgers to Host 2020 MLB All-Star Game

The Los Angeles Dodgers will reportedly host the 2020 Major League Baseball All-Star game.

Silicon Beach Report April 10: Poll Shows Facebook Least-Trusted Tech Company

Poll shows Facebook least-trusted tech company; Hulu partners with NHL; Amazon bringing Whole Foods grocery delivery to Los Angeles.

Three Parcels in Downtown Sell for $134 Million

Beverly Hills-based real estate investor ESI Ventures has purchased three parcels of property totaling 276,000 square feet in downtown Los Angeles for roughly $134 million in order to build a mixed-use creative office campus in the Fashion District, the company announced.

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Soon-Shiong's Next Purchase Could Be D.C. United Soccer Team

Los Angeles biotech billionaire Patrick Soon-Shiong is said to be nearing a deal to invest in Major League Soccer’s D.C. United club.

CUSTOM CONTENT: How the New Tax Law Affects Private Equity & Venture Capital Companies

Trusted Advisors

Considerable changes are coming to the private equity and venture capital industries under the new tax law informally called the Tax Cuts and Jobs Act (TCJA).

CUSTOM CONTENT: What is the Value of My Deposits?

Trusted Advisors

Banks may be one of the most misunderstood institutions in the world, despite being heavily regulated.

Monday, April 9

Melrose Avenue Retail Property Sells for $22.9 Million

A joint venture of Guggenheim Real Estate and L3 Capital, a Chicago-based investment firm, has bought an 11,300-square-foot retail property at 8420-8430 Melrose Ave. in West Hollywood for $22.9 million from American Commercial Equities, a Malibu-based limited liability company.

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Clearlake Capital Invests in Video-Based Telematics for Car Fleets

Clearlake Capital Group of Santa Monica has joined forces with GTCR of San Diego to invest in Lytx Inc., a video-based tech company to help fleets improve driver safety.

Provenance Private Equity Firm Invests in Menswear Brand

Westwood-based Provenance, a private equity firm, closed a “significant minority investment” in menswear brand Knot Standard, the companies announced April 9. Terms of the deal were not disclosed.

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Focus on Orthopedics and Sports Medicine: Lower Back Injuries Can Take You Down for the Count

Custom Content by the Los Angeles Business Journal

Nearly one in three competitive athletes experiences low back pain.

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Focus on Orthopedics and Sports Medicine: Despite Fears, Fitness Pros Name a HIIT Top Trend

Custom Content by the Los Angeles Business Journal

No pain, no gain? The American College of Sports Medicine (ACSM) surveyed more than 4,000 fitness professionals, and the results are in: High Intensity Interval Training (HIIT) is forecast as next year’s most popular trend in fitness.

Focus on Orthopedics and Sports Medicine: American College of Sports Medicine Announces New Recommendations and Warnings Regarding Safety of Energy Drinks

Custom Content by the Los Angeles Business Journal

The American College of Sports Medicine (ACSM) in February released a new official statement regarding energy drinks, published today in the college’s clinical review journal, Current Sports Medicine Reports.

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Focus on Orthopedics and Sports Medicine: Physicians and Patients Should be Aware of the Potential Benefits and Risks Associated with Biologic Treatments for Osteoarthritis

Custom Content by the Los Angeles Business Journal

Biologics may lack the efficacy and safety of traditional orthopaedic treatments

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Silicon Beach Report April 9: Uber Acquires Jump

Uber acquires Jump; SPIDR raises $2.5 million; Flyr adds $1 Million.

Focus on Orthopedics and Sports Medicine: When Contact Sports Cause Concussion Injuries, Who Comes Out Ahead?

Custom Content by the Los Angeles Business Journal

Study in the Journal of the American Academy of Orthopaedic Surgeons looks at sex-specific predictors

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Spring Labs Forms Advisory Board

Less than a week after announcing a $14.75 million fundraising round, Spring Labs announced the creation of an advisory board to help them grow the Spring Network, a decentralized blockchain platform that enables lenders, data providers and banks to exchange identity and credit information securely.

Netmarble Games Takes 14K SF in DTLA

The U.S. division of fast-growing South Korean mobile gaming company Netmarble Games Corp. is moving to 600 Wilshire Blvd in downtown Los Angeles in a coup for the neighborhood and for landlord Onni Group.

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Focus on Orthopedics and Sports Medicine: Motocross May Not be Appropriate Sport for Everyone

Custom Content by the Los Angeles Business Journal

Motocross is a popular sport involving racers on motorized bikes traveling over rough natural or simulated terrain at high rates of speed.

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Focus on Orthopedics and Sports Medicine: Proactively Avoid Golf Injuries and Get Back into the Swing of Things on the Course

Custom Content by the Los Angeles Business Journal

New study looks at common golf injuries and how physicians can effectively diagnose and treat them People of every age and experience level can enjoy the game of golf.

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2018 CTO Awards: High Expectations, New Challenges Ahead for Information Technology Industry

Custom Content by the Los Angeles Business Journal

CompTIA projects 5% industry growth for 2018, identifies 12 trends to watch this year

2018 CTO Awards: Gartner Forecasts Global IT Spending to Reach $3.7 Trillion in 2018

Custom Content by the Los Angeles Business Journal

Worldwide IT spending is projected to total $3.7 trillion in 2018, an increase of 4.5 percent from 2017, according to the latest forecast by Gartner, Inc.

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2018 CTO Awards: A New “Any Cloud” Solution Empowers Business IT Departments with Consistent, Reliable Approach

Custom Content by the Los Angeles Business Journal

As enterprises move from on-premises and user-provisioned cloud computing to multi-cloud deployment models, the burden is left with enterprise IT to accommodate an architectural approach across clouds.

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Friday, April 6

Convene Opens Two Locations Downtown

Convene, a New York-based workplace hospitality provider, has partnered with Brookfield Office Properties to open its first two Los Angeles locations, both downtown, at 333 S. Grand Ave. and 777 S. Figueroa St.

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2018 CTO Awards: Nominees

Custom Content by the Los Angeles Business Journal

Christina Aguilera Walt Disney Studios Nancy Baca The Walt Disney Company Scott Bendar FreedomPop

2018 CTO Awards: Panelists

Custom Content by the Los Angeles Business Journal

Paul Flaharty Warren Belkin Dr. Derek Peterson Jennifer Post

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Silicon Beach Report April 6: Netflix Makes Offer to Buy L.A. Billboard Company

Netflix makes offer to buy L.A. billboard company; car-sharing app moves into Los Angeles; Postmates and DoorDash mulling merger.

STYLE | Comfort and Class

Adam R. Simmons I Tangram Interiors

Tangram Interiors’ Director of New Business Development Adam R. Simmons lives downtown, walking distance from the company’s 12th floor offices and showroom on West 7th Street.

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Commentary: L.A.’s Little Berry That Could – And Does

Urban and rural California might be miles apart geographically, but they could not be more interdependent economically.

Commentary: Town & Country

A few weeks back we offered the thought that it would be wise for economists, government agencies and anyone else with a desire for a healthy economy to reconsider the value of jobs in the retail trade or restaurant business.

Deals & Dealmakers: High Wire Act for High Times

Parent buys digital pub, seeks reverse merger, plans Reg A offering

High Times is buying Green Rush Daily to merge cannabis lifestyle publications.

Space Trackers

El Segundo-based Aerospace Corp. tracked recent re-entry of China’s space station, subsequent breakup over South Pacific

Nonprofit keeps eye on space traffic for government agencies, private businesses.

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Chinese Backer for Biotech Incubator

HEALTH CARE: Aims to develop products for China

A China-based biotechnology incubator and investor plans to launch a $50 million Los Angeles version of its operations for startups in Southern California that aim to sell medical devices in China.

Kite Pharma Vets Link to Pfizer

HEALTH CARE: Cell therapy for cancer basis of new venture

Kite Pharma’s Belldegrun, Chang team with Pfizer for new cancer therapy venture.

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Page 3: City of Hope as Prototype? Rockefellers in New Light

Expect an eventual boomerang effect as City of Hope plans a major move beyond its home campus in Duarte with a $200 million cancer center in the Orange County metropolis of Irvine.

L.A. Finance Up In Various Segments

FINANCE: Private equity assets rise 22% to $141B

L.A.’s investment community brokered several large and noteworthy deals last year.

Intrepid Outlook on Next Generation

Investment banker’s door, mind open to younger staff

Intrepid’s Jim Freedman wants his company to “outperform and outdeliver.”

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Plumbers App as Next Unicorn?

TECHNOLOGY: Glendale pair ply “least sexy” trade

Business app for plumbers and electricians raises $62M, plans to staff up.

LAX Expectations Outpaced by Gains

TRANSPORTATION: Surge amid $14B in renovations

Passenger traffic at LAX could exceed capacity right before the 2028 Olympics.

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Leiweke’s New Look

AEG vet and music man Azoff bring $100M backer; partner with MSG on arena-sized challenge

Westwood-based arena builder makes play in Seattle, success in L.A. still elusive.

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Downey Industrial Sale Brings Trio Top Honors

29 acres in Downey take top-dollar commercial real estate award

The nearly $50M sale of an industrial property lands award for biggest deal by dollars.

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Banking Overdraft App Raises $13.3 Million

Dave Inc. investors include Mark Cuban, adds new features

Personal budgeting app lands $13.3M in funding from Mark Cuban, Section 32.

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L.A. Entrepreneur Program Adds Manufacturing

Mayor’s office intends to boost industry in region; virtual advice in store

Nonprofit Make it in LA aims to help companies manufacture locally.

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Thursday, April 5

LAX Board Approves $4.9B People Mover Contract

The Los Angeles World Airports Board of Commissioners on April 5 voted to award a $4.9 billion, 30-year contract to a contractor consortium to design, construct and operate the planned people mover at Los Angeles International Airport.

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SolarReserve Inks 20-Year Deal for South Africa Solar Plant

A consortium led by Santa Monica-based SolarReserve Inc. has signed a 20-year agreement with South Africa’s public electric utility company, Eskom, to supply power from a planned solar thermal power plant.

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Warner Bros. Executive Kroll Launches Production Company

Former Warner Bros. executive Sue Kroll announced April 4 that she started her own production company, though it is one located in Warner Bros. Burbank studio lot.

Silicon Beach Report: Aerospace gets $2.85M, from NASA; PeerStreet Raises $29.5M

PeerStreet raises $29.5 million in Series B; Aerospace Corp. gets $2.85 million grant from NASA; Waze causing accidents on Echo Park’s Baxter Street.

PeerStreet Closes Series B at $29.5 Million

El Segundo-based PeerStreet, a platform for investing in real estate-backed loans, announced a $29.5 million Series B funding round, led by World Innovation Lab. The round also includes existing investors Andreessen Horowitz, Thomvest, Colchis Capital, Felicis Ventures, Solon Mack and Navitas Capital. The company said it will use the money for hiring and to add new types of real estate loans.

Jamison’s Jaime Lee Named to L.A. Harbor Commissioner Board

Jaime Lee, the chief executive officer of Jamison Realty Inc., a major player in Koreatown real estate, has been named to the Los Angeles Board of Harbor Commissioners by Los Angeles Mayor Eric Garcetti.

Wednesday, April 4

State Chamber Lists 21 Bills as ‘Job Killers’

The California Chamber of Commerce released its annual initial list of 21 “job killer” bills on April 4.

High Times Acquires Green Rush for Estimated $6.9M

West L.A.-based High Times Holding Corp. – the parent company of cannabis lifestyle magazine High Times – plans to purchase Green Rush Daily Inc. of New York for a cash and stock package worth an estimated $6.9 million, according to documents filed with the Securities and Exchange Commission.

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PPC Partners Acquires Texas Food Manufacturer C.H. Guenther & Son Inc.

A subsidiary of Pritzker Group Private Capital has stepped into the food industry with the acquisition of a mid-sized manufacturer of grain-based and seasoning products based in San Antonio, Texas, the investment firm announced April 4.

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Silicon Beach Report April 4: Fullscreen Acquires Reelio

Fullscreen acquires Reelio; Facebook data breach bigger than initially reported; Spotify opens at $30 billion.

Puma Biotech Licenses Cancer Drug for Latin American Market

Puma Biotechnology Inc., based in Westwood, has struck an up-to-$35-million deal with Pint Pharma International to commercialize its signature cancer drug in Latin America.

Tuesday, April 3

Disney's ESPN+ Streaming Service Launch Date Set

Walt Disney Co. will launch its direct-to-consumer streaming service ESPN+ on April 12.

Tradesy Acquires Fitz, Announces Tradesy Closet Concierge

Tradesy Inc., Santa Monica-based developers of a website and mobile application for exchanging pre-worn women’s designer fashion, announced its acquisition of Fitz, a service that pairs customers with stylists who organize their closets and wardrobes. No financials were disclosed.

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Apollo Medical Hikes Earnings 17 Percent in 2017

Apollo Medical Holdings Inc., a health care management firm based in Glendale, had a 17-percent boost in revenue last year after its year-long merger with Network Medical Management Inc., the company announced April 3.

Packaging Co. New-Indy Tripaq Adds 44,200 SF Space in Cerritos

Corrugated packaging company New-Indy Tripaq has signed a lease for nearly 44,200 square feet of industrial space at 12765 166th St. in Cerritos, where the company said it will handle overflow from its other Cerritos facility, located at 16069 Shoemaker Ave.

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Silicon Beach Report April 3: Snap Discussing Office in Saudi Arabia

Snap discussing office in Saudi Arabia; Grindr caught sharing HIV data with analytics companies; Blackberry to sue Snap.

Nanotech Energy Raises More Than $3M in Funding Round

Nanotech Energy Inc., a West Los Angeles company that produces microscopic supercapacitors for smartphones and biomedical devices, on April 3 raised more than $3 million in investment funding.

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Former Kite Execs Team With Pfizer to Create Biotech Co. to Treat Cancer

Two UCLA biotech executives, whose Kite Pharma Inc. sold last year for $12 billion, have launched a new venture with Pfizer Inc. to develop a lower-cost immune cell therapy to treat cancer, the company announced April 3.

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Monday, April 2

Providence Tarzana’s $542M Expansion Approved by L.A. City Council

Providence Tarzana Medical Center’s $542 million expansion, dubbed the “Reimagined Project,” has been greenlit by the Los Angeles City Council, the hospital announced.

Former PayPal Exec Joins Macerich Board

Santa Monica-based real estate investment trust Macerich Co. appointed Peggy Alford, chief financial officer of the Chan Zuckerberg Initiative, to its board of directors, the company announced recently.

AI Company Poletus Takes 21,000 SF at the Pacific Design Center

Artificial intelligence solutions provider Poletus has signed a new lease for 21,000 square feet on the eighth floor of the Pacific Design Center’s Green Building at 8687 Melrose Ave. in West Hollywood, owner and developer Charles Cohen announced.

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Ratkovich Co. Sells Stake in DTLA’s The Bloc

The Ratkovich Co. has sold its interest in The Bloc, the 1.8 million-square-foot mixed-use development at 700 S. Flower St. in downtown Los Angeles, to National Real Estate Advisors, one of its equity partners, for an undisclosed amount.

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Silicon Beach Report April 2: Tesla Stock Drops

Tesla stock drops; Spring Labs raises $14.75 million; ESPN to offer streaming service for $5 a month.

Clippers, Ballmer Give $10M to Renovate L.A. City Basketball Courts

Indoor and outdoor basketball courts in city parks across L.A. will be renovated courtesy of a $10 million gift from the L.A. Clippers, owner Steve Ballmer and his wife Connie.

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Investor Pays $20.7 Million for 7.3-Acre Shopping Center in La Verne

An 84,000-square-foot, 7.3-acre shopping center at 2204-2278 Foothill Blvd. in La Verne has been sold to an Arcadia-based private investor for $20.7 million, according to CoStar Group Inc.

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Entravision to Broadcast World Cup

Entravision Communications Corp., a Santa Monica media company focused on the Hispanic-American market, announced April 2 that its radio stations in 16 markets will broadcast this summer’s World Cup.

City of Hope Expands Oncology Radiation Services Across SoCal

City of Hope, the research and treatment center for cancer and diabetes, has added nine radiation oncology sites to its growing clinical network across Southern California, the hospital announced April 2.

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New President for California State University-Dominguez Hills

School Taps UCI's Thomas Parham

University of California-Irvine Vice Chancellor for Student Affairs Thomas Parham will leave his role this year to become president of California State University-Dominguez Hills.