Stories for December 2018

Monday, December 31

Rexford Buys $19.5M City of Industry Property, Sells Three-Building Parcel in Gardena for $10.4M

Rexford Industrial Realty has purchased a property in the City of Industry for $19.5 million, Rexford announced Dec. 31. The company also sold a three-building property in Gardena for $10.4 million.

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Silicon Beach Report Dec. 31: Caltech Scientists Play Games With DNA

Caltech scientists experiment with DNA; Netflix abandons iTunes payment; L.A. Times hacked

Top-Read Stories of the Week

Top-Read Stories of the Week

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Home Court Advantage

Airbnb’s public policy manager in L.A., John Choi, keeps an eye on the local terrain as the company expands its focus

John Choi’s office in Los Angeles is in a WeWork space with an impressive view of downtown.

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Community Attraction

Two Bit Circus just opened downtown, but it’s already gearing up to take the show on the road

Two months after opening, Two Bit Circus is already drawing crowds of about 1,000 people on Saturdays and Sundays

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Class Consciousness

ClassPass founder Payal Kadakia is working out the next steps for her fitness startup

ClassPass, the fitness class scheduling app, boasts that it has processed 60 million reservations at 1,200 studios and gyms in 55 cities since it launched seven years ago.

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Opportunity at the Door

Ring founder Jamie Siminoff created the video doorbell, but that’s just the start

A recent interview and photo shoot in the Ring Inc. offices in Santa Monica was interrupted when a local fireman knocked on the exterior door of Chief Executive Jamie Siminoff’s office

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Friday, December 28

Silicon Beach Report Dec. 28: Reed Hastings’ $2.1 Million Christmas Gift

Snap cuts holiday bonuses; Disney plans NBA virtual reality experience; Netflix executives expect 2019 raises.

Culver City-Based NantCell Raises $30 Million From Single Investor

NantCell Inc., a Culver City-based biotech firm founded by Los Angeles billionaire Patrick Soon-Shiong, has raised $30 million in investor funding, according to a Dec. 28 securities filing.

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Thursday, December 27

Hope Bancorp to Close Some Branches, Retain Small Business Loans, as Part of Strategic Initiative

Koreatown-based Hope Bancorp Inc. announced plans to close nearly 10 percent of its branches over a swath of its nine-state territory as well as cease selling off its small business loans into a secondary market as a way to improve its profitability, the company announced Thursday.

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Amoroso Cos. Planning 102-Unit Apartment Building in Sawtelle

Calabasas-based Amoroso Companies has filed plans with the city to develop a six-story, 102-unit building with 11 units set aside as extremely low-income units on the corner of Pico and Exposition Boulevards.

Public Storage Names New CEO, CFO

Public Storage announced Thursday that Joe Russell and Tom Boyle will become chief executive Officer and chief financial officer, respectively, at the Glendale company on Jan. 1.

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Silicon Beach Report Dec. 27: Scam Goes Phishing for Netflix Users

SpaceX lands $29 million from the U.S. Airforce; Snap’s 2019 goals analyzed; “phishing” scam targets Netflix consumers.

Los Feliz Apartment Complex Sells for More than $17M

A 54-unit apartment complex in Los Feliz sold for $17.58 million, CBRE Group announced Dec. 27.

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Edgeworth Economics Appoints Jesse David to President; John Johnson Continues Role as CEO

Pasadena-based consulting firm Edgeworth Economics, a provider of economic analysis and expert testimony, appointed Jesse David to president, effective Jan. 1.

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Manhattan Beach-Based TriLinc Global Invests in Hong Kong Mobile Phone Firm

Manhattan Beach-based TriLinc Global Impact Fund has provided an additional $7 million in trade finance to a mobile phone distributor operating in Southeast Asia.

Wednesday, December 26

Hilton Foundation Awarded $38M in Q4

The Conrad N. Hilton Foundation has awarded more than $38 million in grants in the last few months to help needy residents worldwide, including more than $7 million to Los Angeles agencies.

LA Kings, ASE Buy Burbank Ice Rink

The Los Angeles Kings hockey team and American Sports Entertainment Co. have acquired the Pickwick Ice facility in Burbank.

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Cherokee Inks New Licensing Deal for Tony Hawk Brand

Cherokee Inc. has agreed to license its Tony Hawk apparel line to India clothing distributor Batra Group, the Sherman Oaks fashion brand company announced.

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Acco Engineered Systems Sells Glendale Warehouse for $21 Million

A Glendale industrial site that is home to Acco Engineered Systems Inc. has sold for $20.7 million, or $689 per square foot, according to CoStar Group.

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Silicon Beach Report Dec. 26: Katzenberg Hires More Quibi Executives

Military GPS satellite launched by SpaceX; Blizzard begins player tracking; Viacom executive joins Quibi.

Platinum Equity Completes $1.3B Purchase of Jostens

Beverly Hills private equity firm Platinum Equity has completed the acquisition of Jostens Inc. from Newell Brands Inc. in a transaction valued at roughly $1.3 billion.

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Monday, December 24

Silicon Beach Report Dec. 24: Three LA-based STEAM Nonprofits Join Forces

Spiegel’s style analyzed by WSJ, three STEAM organizations team up, LA battery storage effort gets $100M

Hollywood Office Building on Highland Sells for $72.1M

The Souferian Group has sold a building in Hollywood for $72.1 million, according to sources familiar with the matter.

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MedMen Enterprises Strikes Deal to Acquire PharmaCann, Form New Firm

MedMen Enterprises Inc., a cannabis company based in Culver City, announced Dec. 24 it had agreed to acquire Chicago-based PharmaCann, doubling its reach to sell in a dozen states.

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Top-Read Stories of the Week

Top-Read Stories of the Week

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Friday, December 21

Celerity Chief Executive Pleads Guilty to Conspiracy Charge

The former chief executive of Celerity Educational Group pleaded guilty Dec. 21 to a federal conspiracy charge nine months after federal agents raided the charter school network’s Koreatown office, according to a press release from the U.S. Attorney’s Office for California’s Central District.

Children’s Hospital Los Angeles Receives $1.2 Million to Study Drug Resistance in Leukemia

Children’s Hospital Los Angeles was awarded a $1.2 million federal grant to study drug resistance in leukemia.

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Ares Management Completes Purchase of BP Wind Farms in Texas

Century City-based global asset manager Ares Management Corp. said a fund managed by its Infrastructure and Power Strategy business has closed on the purchase of three wind farms in Texas from BP Wind Energy North America Inc.

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Macquarie Capital Provides $100M in Debt Financing for SoCal Ed Battery Storage

An arm of Australia-based Macquarie Group closed on $100 million in debt financing to build a network of battery storage sites in western Los Angeles and surrounding counties designed for certain electricity-constrained areas in Southern California Edison’s service territory.

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Silicon Beach Report Dec. 21: Telltale's Kenney Joins Insomniac

Semtech files lawsuit against Spark Connected; SpaceX preps for Dragon launch; Telltale lead writer joins Insomniac Games

Tutor Perini to Build Saudi Air Force Base

A subsidiary of Tutor Perini Corp. has won a contract worth $104 million from the U.S. Air Force

BUILDING BUDS

Downtown office project plans all-cannabis company lineup

Marijuana may be legal in California, but that doesn’t mean companies in the industry are finding it easy to make a home here.

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Pomona College Plans $55M Gym

EDUCATION: New athletic facility will replace and expand Rains Center

Pomona College’s new sports facility scores slam dunk with donations.

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Whittier Warehouse Sells for $21 Million

TH Real Estate, Greenlaw plan upgrades

TH Real Estate and Greenlaw Partners have purchased an industrial building in Whittier for $21.3 million.

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Spacelabs Gets $450M For Military Monitoring

Hawthorne-based OSI Systems Inc. has been awarded a federal contract worth up to $450 million to monitor health care patients for the U.S. military.

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LAX’S Newest International Nonstops

Two airlines have announced new nonstop international service from Los Angeles International Airport starting this month.

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Emerald Textiles Buys Mediclean

Pacific Avenue Capital Partners and Highland Capital Management portfolio company Emerald Textiles acquired the assets of MediClean Inc., a healthcare-linen service provider.

Tax Credit Buzz

Local studios cash in on film incentive program

Traditional studios reeling in film tax credits.

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SBA Veteran Loans Scarce

FINANCE: Gov.-backed lending drops in L.A.

Just a few years ago, U.S. Army veteran John Palmer and his 5-year-old son were living out of a car in El Cajon.

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Pot Firm Finds Sweet Spot

BIOTECH: Pharma outfit probing cannabinoid uses

Vitality Biopharma Inc. once worked to improve the taste and global supply of stevia, a sugar substitute.

Industry Vets Plan IPO for Uranium Venture

UTC plans public offering in early 2019; cites rising global demand for metal

Uranium Trading Co. planning IPO after surge in metal’s price.

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AECOM, Parsons Partner with Japanese Firms

Infrastructure projects seen as part of joint U.S.-Japan policy to combat China

AECOM, Parsons set sights on Asia-Pacific.

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USC Search Faces Hurdles

EDUCATION: Biz school leaders in short supply

With the recent ouster of James Ellis as dean of the USC Marshall School of Business effective in June, USC is now set to join UCLA’s Anderson School of Management and several other top-tier business schools across the nation in looking for new deans.

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Cannabis Crypto Firm Settles SEC Lawsuit

Firm must pay $250K, could be forced to make investors whole

Cryptocurrency company ParagonCoin announces settlement with SEC.

LPC West Buys Culver City Development Site

Project location purchased from Woodbine Legacy Investments

Broad Street, LPC West take over Entrada.

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Daughters’ Dominion

Do businesses get boost from ‘& Daughters’ moniker?

Boon for daughters

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Shipping Supplies

Despite rocky pricing, cargo containers become building mainstay

Shipping containers becoming the building material du jour.

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Parade Payday

Rose Parade participants get bang for buck

Sweet smell of success

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STYLE | Focused Form

Christopher Mercier • (fer) studio

Sustainable style

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Commentary: Millenials Are No Business Killers

Over the past few years, blaming millennials for the business community’s woes has become increasingly common.

Variant Equity Buys Bus Co. for $271M

FINANCE: Company operates more than 2,000 buses

Variant Equity gets ticket to ride with $271M deal for Stagecoach’s North American division.

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Thursday, December 20

Bret Lane Named New CEO of SoCal Gas

Longtime company and gas industry veteran Bret Lane has been named chief executive of Southern California Gas Co. (SoCalGas), effective this week, parent company Sempra Energy announced Dec. 20.

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Monrovia Office Building Sells for $18.5 Million

Glendale-based Chase Partners Ltd. has purchased an office building in Monrovia for $18.5 million, NAI Capital announced Dec. 20.

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Silicon Beach Report Dec. 20: Popdog Launches With $9 Million Funding

Jet propulsion lab hacked; NASA InSight lander listens for ‘Marsquakes’; $500 million for Musk’s net; Popdog launches, gains $9 million.

Maverick Carter Named to Live Nation Board of Directors

Live Nation Entertainment Inc. named Maverick Carter, business manager of National Basketball Association superstar LeBron James, to the company’s board of directors, according to a Dec. 20 press release.

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Rexford Buys Commerce Cold Storage Facility for $18.2M

Rexford Industrial has purchased a cold storage facility in Commerce for $18.2 million, CBRE Group announced Dec. 19.

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Funguys Inc. Raises $5.4M to Market Mushroom Drinks

Santa Monica-based Funguys Inc., a food company that sells a Four Sigmatic brand of mushroom coffees and teas, has raised $5.4 million from investors.

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Fair Raises $385 Million, Led by SoftBank

Car leasing and financing provider Fair announced Dec. 20 it completed a $385 million Series B round, led by SoftBank Group Corp. Following this round, Fair now has access to nearly a $1 billion in debt capital since its 2016 founding and has raised over $500 million in equity to date.

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Wednesday, December 19

Pomona College Announces Plan and Initial Fundraise for New $55M Athletic Facility

Pomona College on Dec. 19 unveiled plans for a new $55 million athletic facility and announced it had secured two $10 million donations toward the project.

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Public Relations Firm Acceleration Announces Leadership Team

Michael Nyman, the former chief executive of public relations firm PMK-BNC Inc., announced Dec. 19 part of the leadership team for his new media relations outfit, Acceleration Community of Companies.

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Wow Air Announces End to Nonstop Service from LAX to Iceland

Financially troubled Icelandic discount airline Wow Air has announced it will end its nonstop service from Los Angeles International Airport to Reykjavik, Iceland effective Jan. 19.

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Century City-Based Variant Equity Buys Stagecoach North America for $271.4M

An affiliate of Century City private equity firm Variant Equity Advisors agreed to purchase the North America Division of Stagecoach Group for $271.4 million.

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TH Real Estate Provides $135M to Alere Property for 19 So Cal Industrial Properties

TH Real Estate has provided a $135 million fixed-rate loan to Alere Property Group, TH Real Estate announced Dec. 18.

Silicon Beach Report Dec. 19: Boring Tunnel Unveiled

Elementary Robotics raises $3.6 million; Musk shows off Boring tunnel; new chief at Snap’s hardware lab.

Elementary Robotics Nabs $3.6 Million

Pasadena-headquartered Elementary Robotics Inc. announced a $3.6 million seed raise Dec. 19, led by Fika Ventures and Fathom Capital. Additional investors participating in the round included Toyota AI Ventures, Ubiquity Ventures, and Osage University Partners. Elementary’s prior funding consisted of a $1.2 million pre-seed round in October 2017.

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West Hollywood Vacation Rental Outfit Raises $5 Million

AvantStay, a West Hollywood-based hospitality firm that provides short-term vacation rentals to groups, announced Dec. 19 it received $5 million in a round led by Menlo park investment firm Bullpen Capital.

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Tuesday, December 18

OSI Systems Wins Federal Contract of Up to $450 Million to Monitor Patients

OSI Systems Inc., an electronic security company based in Hawthorne, has been awarded a federal contract worth up to $450 million to monitor health care patients for the U.S. military.

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Tutor Perini Lands $104M U.S. Air Force Contract to Build Saudi Air Force Base

A subsidiary of Tutor Perini Corp. has won a contract worth $104 million from the U.S. Air Force to design and construct facilities for the Royal Saudi Air Force, the company announced Tuesday.

Silicon Beach Report Dec. 18: TicketGuardian Nets $8 Million

SpaceX plans Air Force satellite launch; Maple Media publishes “Skate Jam;” $8 million raised by TicketGuardian

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TH Real Estate, Greenlaw Pick Up Whittier Industrial Property for $21.3M

TH Real Estate and Greenlaw Partners have purchased an industrial building in Whittier for $21.3 million. Indio Products sold the 153,080-square-foot building at 12910 Mulberry Dr.

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Monday, December 17

Human Resources, Staffing & Employment: As We Recover From the Latest Wildfires, It’s Time to Change the “Preparedness” Message

Custom Content by the Los Angeles Business Journal

Are your employees truly prepared for a natural disaster?

Human Resources, Staffing & Employment: How Election Results Could Impact Workplace Issues

Custom Content by the Los Angeles Business Journal

Last month’s midterm election results will have a strong impact on workplace legislation, according to the Society for Human Resource Management (SHRM)—the voice of all things work

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Top-Read Stories of the Week

Top-Read Stories of the Week

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Silicon Beach Report Dec. 17: Court Freezes Faraday Future CEO’s Assets

Ring adds doorbell facial recognition; Yuetings assets frozen; Netflix pushes film towards theaters

Two Airlines Announce New Nonstop International Service from LAX

Two airlines have announced new nonstop international service from Los Angeles International Airport starting this month.

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Human Resources, Staffing & Employment: The Interview Process – How to Select the “Right” Person

Custom Content by the Los Angeles Business Journal

How do you select the right person for your business? There is no perfect answer, but the interview process can be a tremendous help if you use it effectively.

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Human Resources, Staffing & Employment: Plug a Hole or Take the Best “Player” Available?

Custom Content by the Los Angeles Business Journal

In most walks of life, establishing a clear focus is a good thing, and the sharper the focus the better.

Friday, December 14

ParagonCoin Settles SEC Dispute for $250,000

ParagonCoin Inc., headquartered in Hollywood, settled an Initial Coin Offering (ICO) dispute with the Securities and Exchange Commission Dec. 13, agreeing to pay a fine of $250,000 and provide investors with the opportunity to recoup their lost funds.

Year in Review 2018

A look at some of the top stories in several key L.A. sectors

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Silicon Beach Report Dec. 14: Riot Games COO Suspended

Evacuation at Infinity Ward office; Parker releases shoreline app; Gelb suspended for two unpaid months

The Gores Group Completes Sale of Elo Touch Solutions to Crestview

Beverly Hills private equity firm The Gores Group completed the sale of Elo Touch Solutions, the original inventor of the touchscreen, to funds managed by New York City-based Crestview Partners.

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Emerald Textiles Acquires MediClean Assets, Plans New Facility

Pacific Avenue Capital Partners and Highland Avenue Funds portfolio company Emerald Textiles announced Dec. 13 its acquisition of the assets of MediClean Linen and Laundry, a healthcare linen service provider. MediClean operates a location in Commerce, Calif., from its headquarters in Anaheim, and Emerald Textiles now operates both.

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STYLE | Power Dresser

Dana Asher Levine | DhStyle Inc.

Stylist Dana Asher Levine, chief executive of DhStyle Inc., will tell you pretty much anything you want to know. Age? 55. Height? 4 feet 11 inches. Her divorce? Now that was messy although she celebrated her 50th birthday by marrying an old flame, Burbank periodontist David Levine, who luckily turned out to be her Mr. Right after 17 years with Mr. Very, Very Wrong.

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Aerospace Cos. Expand Extraterrestrial Offerings

Defense and commercial spending support more local firm’s space programs

Aerospace and defense companies in Los Angeles set their sights on space this year.

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Philanthropy Has a Critical Role in Our Democracy

Commentary

In the recent midterm election, voters made choices that reflected their opinions – among other things – on how our country should allocate its resources and who should help make those decisions.

2018 Brings the Good, the Bad and the Ugly

Commentary

As we barrel toward the New Year, it’s time to look back on 2018 and assess what happened and where we find ourselves.

Samitaur Gets $232M Financing for Wrapper

Square Mile Capital, Deutsche Bank team up to bail out lagging project

Samitaur Constructs gets $231.6M for Culver City project.

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Oak View’s Seattle Hockey Project Greenlit by NHL

$600 million Key Arena revamp ahead for Westwood facilities developer/operator

Oak View scores win with approval for Seattle NHL arena project.

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New Leadership Team at Kaiser Medical School

Institutions adds 11 to bolster staff as it seeks to finalize accreditation

Leadership team announced for Kaiser Permanente School of Medicine.

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Alpha Edison Leads $15M Round for The Riveter

Expansion planned for women-focused co-working firm

Investors riveted by shared workspace startup The Riveter.

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PAGE 3: The Most Scandalous Time of the Year

The community of business is buzzing over the ouster of USC Marshall School of Business Dean Jim Ellis

CBS Sells Television City for $750 Million

Some shows will stay at Fairfax District studio

CBS Corp. announced an agreement to sell the 25-acre CBS Television City property and soundstage operation

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PRINT SHIFT

L.A.’s print media scene saw upheaval, rejuvenation in 2018

Year of upheaval for L.A. media

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Next Round in Molina Feud

HEALTH CARE: Move could force closure of 16 clinics

Molina Healthcare Inc. will soon cut ties with 16 of its former medical clinics now owned by its ousted Chief Executive J. Mario Molina

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Biotech Sees VC Cash Flow

BIOTECH: $320M Westlake fund excites local firms

Los Angeles becoming destination for biotech venture capital investments.

L.A. Lags on Women Directors

CORPORATE: No female reps at Skechers, B. Riley

Divergent responses to law requiring women on corporate boards.

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PRIME PROPERTY

Last-mile delivery distribution centers move markets

Real Estate: Prime Industrial Space In Demand

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USC Board Upholds Ellis Removal

EDUCATION: Dismissal of business shcool dean sparks rift in community

The USC community was rocked by the news that business school Dean Jim Ellis will step down from the position in June

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Apple to Employ 1,000 at New Culver City Office

TECHNOLOGY: 128,000-SF building in development

Apple Inc. plans to employ 1,000 people in a new office in Culver City

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Thursday, December 13

LPC West Buys Planned Culver City Development The Entrada

The Entrada, a future 300,000-square-foot office space in Culver City, has been sold to Broad Street Principal Investments and LPC West, part of Lincoln Property Company. Terms of the transaction were not disclosed.

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Beverly Hills-Based Regent Buys La Senza Lingerie Business From Struggling L Brands

Beverly Hills-based private equity firm Regent, which bought the iconic Sunset magazine just over a year ago to add to its media portfolio of 18 newspapers and magazines, is buying L Brands Inc.’s lingerie business La Senza.

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Silicon Beach Report Dec. 13: Vyng Raises $4 Million

Postmates bringing delivery robots to LA; Riot Games leads Hypixel investment; Vyng Series A totals $4 million

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Fashion & Beauty Awards: Athleisure Wear and Denim Can Co-Exist

Custom Content by the Los Angeles Business Journal

Activewear or athleisure wear has been grabbing the apparel spotlight for the last several years, shadowing the all American classic, denim blue jeans.

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Fashion & Beauty Awards: USFIA Releases Fifth Fashion Industry Benchmarking Study

Custom Content by the Los Angeles Business Journal

Findings show U.S. industry executives remain most concerned about the impact of trade protectionism, but overall optimism, hiring plans up

Fashion & Beauty Awards: Three Skincare Trends to Watch

Custom Content by the Los Angeles Business Journal

Today’s beauty consumers seek natural, environmentally safe choices that produce results comparable to those with artificial ingredients.

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Fashion & Beauty Awards: Brand of the Year Finalist

Custom Content by the Los Angeles Business Journal

Since its foundation in Aspen in 1976, Cos Bar is designed for a sophisticated and discerning audience, with a carefully curated array of the world’s best beauty brands.

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Fashion & Beauty Awards: Brand of the Year Finalist

Custom Content by the Los Angeles Business Journal

Co-Founders Shannon and Glenn Dellimore started GLAMGLOW by accident when an actor friend confided that he could not find a product to make his skin camera ready in minutes

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Fashion & Beauty Awards: Brand of the Year Finalist

Custom Content by the Los Angeles Business Journal

In less than six years, Fear Of God has gone from an emerging label that specialized in longline tees and side-zip hoodies to a legitimate trendsetting force in the fashion industry.

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Fashion & Beauty Awards: Brand of the Year Finalist

Custom Content by the Los Angeles Business Journal

AG was launched in 2000 by Yul Ku, a pioneer in the denim industry.

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Fashion & Beauty Awards: Social Responsibility Finalist

Custom Content by the Los Angeles Business Journal

At artnaturals, the company believes that everyone should experience the incredible benefits of natural ingredients perfected by nature.

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Fashion & Beauty Awards: Social Responsibility Finalist

Custom Content by the Los Angeles Business Journal

Thrive Causemetics was born out of a friendship.

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Fashion & Beauty Awards: Social Responsibility Finalist

Custom Content by the Los Angeles Business Journal

Ed Handler is a founding shareholder of Cohn Handler Sturm.

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Fashion & Beauty Awards: Social Responsibility Finalist

Custom Content by the Los Angeles Business Journal

A simple idea has grown into a global movement: TOMS Shoes has provided over 60 million pairs of shoes to children since 2006

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Apple to Employ 1,000 at New Culver City Office

Apple Inc. plans to employ 1,000 people in a new office in Culver City, the Cupertino, Calif.-based tech giant announced today.

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Wednesday, December 12

Genton Cockrum Partners Selected for Mixed-Use Project at Former Courthouse in San Pedro

A winning proposal has been announced for the San Pedro courthouse, bringing the project one step closer to finally being built.

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Kennedy Wilson Sells Meyers Research Subsidiary

Real estate investment company invests $15M for minority stake in the new company.

Beverly Hills-based real estate investment company Kennedy Wilson has sold its research subsidiary to MidOcean Partners, Kennedy Wilson announced Dec. 12. Terms of the transaction were not disclosed.

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Fashion & Beauty Awards: Rising Brand of the Year Finalist

Custom Content by the Los Angeles Business Journal

Founders and cousins Joe Cloyes and Greg Gonzalez started Youth To The People in 2015 with the idea that products you put on your skin should be as whole, clean, and packed with nutrients as the green juice you drink.

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Silicon Beach Report Dec. 12: Greycroft Leads Happiest Baby Series B

Pearl Abyss sets up in Manhattan Beach; Blizzard takes Overwatch League on the road; Happiest Baby Inc. raises $23 million

Fashion & Beauty Awards: Rising Brand of the Year Finalist

Custom Content by the Los Angeles Business Journal

Created by celebrity stylist Jen Atkin, OUAI Haircare was designed to nourish hair health and bring out its natural beauty.

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Razor, Lime Deploy E-Scooters in LA

Four months after announcing its arrival in Long Beach, Cerritos-based Razor USA will bring shared electric scooters to LA, as well.

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Fashion & Beauty Awards: Rising Brand of the Year Finalist

Custom Content by the Los Angeles Business Journal

When Jaclyn Jones started creating her brand, she wanted to tackle the biggest complaint in the luxury footwear market – the lack of practicality in stiff, mass-produced European-made shoes.

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Fashion & Beauty Awards: Rising Brand of the Year Finalist

Custom Content by the Los Angeles Business Journal

In late 2016, Khloe Kardashian and Emma Grede launched a denim line called Good American.

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Fashion & Beauty Awards: Retailer of the Year Finalist

Custom Content by the Los Angeles Business Journal

With 35 years in business, M.Fredric continues to be at the forefront of the chic boutiques in Southern California.

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Fashion & Beauty Awards: Retailer of the Year Finalist

Custom Content by the Los Angeles Business Journal

Fred Segal is an iconic L.A. brand known globally for its authentic southern California laid back luxury.

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Fashion & Beauty Awards: Service Provider of the Year Finalist

Custom Content by the Los Angeles Business Journal

Mark Riedel of Conkle, Kremer & Engel is a business lawyer, with a focus on brand protection, trademark, copyright and unfair competition litigation.

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Fashion & Beauty Awards: Service Provider of the Year Finalist

Custom Content by the Los Angeles Business Journal

Michael Garcia leads the health and beauty group at Deloitte Corporate Finance (DCF).

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Fashion & Beauty Awards: Service Provider of the Year Finalist

Custom Content by the Los Angeles Business Journal

Janki Lalani Gandhi joined Lincoln International in 2016 to build the firm’s consumer group practice in fashion, accessories and beauty.

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Fashion & Beauty Awards: Service Provider of the Year Finalist

Custom Content by the Los Angeles Business Journal

Tanya Viner’s practice at the Buchalter law firm focuses on mergers and acquisitions, representing both the buyer and seller in large complex transactions ranging from the sale of closely-held family businesses to transactions in excess of a billion dollars.

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Fashion & Beauty Awards: Supplier of the Year Finalist

Custom Content by the Los Angeles Business Journal

Aware’s LA heritage dates back to 1974 when two successful hairstylists, immersed in the world of celebrity and interacting with their clients on a daily basis, saw an opportunity to make a difference.

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Fashion & Beauty Awards: Supplier of the Year Finalist

Custom Content by the Los Angeles Business Journal

Ross Organic, an Azelis Company, has become known as a leader in the sales of eco-friendly, natural, efficacious and value-added specialty ingredients for the cosmetic and personal care industries.

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Game Developer Pearl Abyss Moves to Manhattan Beach

Pearl Abyss Corp., based in Anyang, Gyeonggi, South Korea, announced Dec. 12 it will move from a temporary office in Irvine, Calif., to establish a full-time U.S. headquarters at the Omni Group Towers in Manhattan Beach.

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Fashion & Beauty Awards: Supplier of the Year Finalist

Custom Content by the Los Angeles Business Journal

California Label Products provides labels and tags for product branding and identification to customers around the globe.

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Fashion & Beauty Awards: Supplier of the Year Finalist

Custom Content by the Los Angeles Business Journal

Astrologie, the Los Angeles-based full-package apparel production company, provides its customers with trendright design, unsurpassed quality, competitive pricing, dependability and speed to the market.

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Fashion & Beauty Awards: Made in California Finalist

Custom Content by the Los Angeles Business Journal

Gregg Renfrew started Beautycounter as a company devoted to progress.

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Centennial Planned Community Project at Tejon Ranch Approved

By a 4-to-1 vote, the Los Angeles County Board of Supervisors voted Tuesday morning to approve the massive Centennial master-planned community project at Tejon Ranch and bring 19,000 new dwellings to the Southern California region.

Fashion & Beauty Awards: Made in California Finalist

Custom Content by the Los Angeles Business Journal

ESalon is reinventing the way women color their hair by creating custom home hair color that’s made-to order and shipped direct to their doors.

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Fashion & Beauty Awards: Made in California Finalist

Custom Content by the Los Angeles Business Journal

MOTHER was founded in 2010 by Lela Becker and Tim Kaeding.

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Cedars-Sinai Marina del Rey Hospital Names New VP of Operations

Cedars-Sinai Marina del Rey Hospital has named Joanne Laguna-Kennedy as its new vice president of operations.

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8minutenergy, J.P. Morgan and Upper Bay Form $200M Joint Venture for Solar Project

Los Angeles-based 8minutenergy Renewables, the largest private solar and storage developer in the United States, and two other major New York investors, formed a joint venture to provide more than $200 million in capital to support 8minutenergy’s 10.7-gigawatt pipeline of utility solar and energy storage projects.

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Fashion & Beauty Awards: Made in California Finalist

Custom Content by the Los Angeles Business Journal

Lola Getts is an activewear brand based in Los Angeles that focuses exclusively on women size 14+.

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Fashion & Beauty Awards: Direct-to-Consumer Finalist

Custom Content by the Los Angeles Business Journal

In its ongoing mission to own the entire men’s bathroom, Dollar Shave Club (DSC) has expanded well beyond shaving to unveil multi-product grooming lines for skincare, hair styling, the shower, oral care and most recently, fragrances.

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Fashion & Beauty Awards: Direct-to-Consumer Finalist

Custom Content by the Los Angeles Business Journal

After working at The Honest Company and her pregnancy, Cat Chen became a lot more aware of everything she put in and on her body.

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Fashion & Beauty Awards: Direct-to-Consumer Finalist

Custom Content by the Los Angeles Business Journal

SITA Couture is one of the hottest up and coming direct to consumer apparel companies in Los Angeles.

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Fashion & Beauty Awards: Direct-to-Consumer Finalist

Custom Content by the Los Angeles Business Journal

FabFitFun is a lifestyle membership that inspires women to lead happier, healthier lives through product and brand discovery.

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Fashion & Beauty Awards: WINNER - Trendsetter of the Year

Custom Content by the Los Angeles Business Journal

Born in Vancouver and raised in a rural, ocean-side setting just outside the city, Sasha Plavsic has always been close to nature.

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Fashion & Beauty Awards: WINNER - Trendsetter of the Year

Custom Content by the Los Angeles Business Journal

Tamara Mellon co-founded Jimmy Choo in 1996. Today, she’s still obsessed with shoes, but not the traditional way of doing things.

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Fashion & Beauty Awards: WINNER - Brand of the Year

Custom Content by the Los Angeles Business Journal

Romanian-born beauty entrepreneur Anastasia Soare launched her namesake brand with a Beverly Hills flagship salon in 1997 and the company’s first product line in 2000.

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Fashion & Beauty Awards: WINNER - Brand of the Year

Custom Content by the Los Angeles Business Journal

Tadashi Shoji is an American fashion designer. He is the head designer for his company, Tadashi Shoji. Born and raised in Sendai, Japan, he began painting and drawing at a young age.

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Fashion & Beauty Awards: WINNER - Social Responsibility

Custom Content by the Los Angeles Business Journal

MaCher, founded in Australia in 1983, is a certified B Corporation, part of a global movement of more than 2,700 certified businesses that meet rigorous standards for social, workforce and environmental performance.

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Fashion & Beauty Awards: WINNER - Social Responsibility

Custom Content by the Los Angeles Business Journal

Cooper Design Space has done the community a tremendous service by stepping up with its fashion district space, fitted to LA’s creative lifestyles.

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Tuesday, December 11

IHOP Teams With Bamko for Pancakewear Apparel

In its latest in a series of unconventional branding campaigns, IHOP has debuted an online store where pancake enthusiasts can shop for IHOP-themed clothing and accessories.

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Fashion & Beauty Awards: WINNER - Rising Brand of the Year

Custom Content by the Los Angeles Business Journal

Founded by husband and wife team and beauty industry veterans Emmanuel Rey and Suzanne Dawson, YUNI creates healthy, natural skincare and body products that save time, enhance performance, and relieve stress so that active people who pursue life with passion can do more, live more, and find more joy in every moment.

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Fashion & Beauty Awards: WINNER - Rising Brand of the Year

Custom Content by the Los Angeles Business Journal

After 20+ years working in executive roles at leading global fashion brands, including Victoria’s Secret and Guess, Sharleen Ernster left the corporate world and founded her own brand, HAH (as in ‘Hot As-Hell.’)

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Fashion & Beauty Awards: WINNER - Retailer of the Year

Custom Content by the Los Angeles Business Journal

Over the years, Elyse Walker has built a reputation as a sharp stylist and buyer with an eye for color and proportion.

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TV Studio Sonar Announces Nine-Figure Financing Facility

Century City television studio Sonar Entertainment announced Dec. 11 that it secured a $121 million production finance facility.

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Fashion & Beauty Awards: WINNER - Service Provider of the Year

Custom Content by the Los Angeles Business Journal

ProBeauty Partners represents emerging independent beauty brands to the retail and e-tail marketplace.

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Century City-Based ACON Investments Buys Imaging Materials Firm in New York

Century City-based private equity firm ACON Investments acquired International Imaging Materials from Connecticut investment firm Altus Capital Partners.

Fashion & Beauty Awards: WINNER - Service Provider of the Year

Custom Content by the Los Angeles Business Journal

Jay Mangel is general audit practice partner with Crowe LLP, the public accounting, consulting and technology firm that changed its name earlier this year from Crowe Horwath.

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Fashion & Beauty Awards: WINNER - Supplier of the Year

Custom Content by the Los Angeles Business Journal

Ron Chavers started Cosmetix West after a professional lifetime in the beauty industry with the goal to find suppliers who as he says, “did business the way I would’ve done it if I had run their companies.”

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Silicon Beach Report Dec. 11: AppOnboard Raises $15 Million

Hulu opens ad bidding; Calibrate Ventures completes inaugural fund; AppOnboard funding totals $35 million.

AppOnBoard Closes $15 Million Series B

Mobile app demo and analytics platform AppOnboard Inc., based in Santa Monica, announced Dec. 11 it completed a $15 million series B funding round led by Breakaway Growth Fund, bringing its total 2018 fundraising to $30 million. To date, AppOnboard has raised $35 million.

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Fashion & Beauty Awards: WINNER - Made in California

Custom Content by the Los Angeles Business Journal

Dermalogica founder Jane Wurwand emigrated to the United States in 1983, and knew that Los Angeles was the only place she wanted to start her skin care business.

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Fashion & Beauty Awards: WINNER - Made in California

Custom Content by the Los Angeles Business Journal

Sage Larock offers women a modern image of luxury and clothing that is naturally beautiful both inside and out.

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Fashion & Beauty Awards: WINNER - Direct-to-Consumer

Custom Content by the Los Angeles Business Journal

Lime Crime is an innovative cult-status cosmetics and hair color brand that has been revolutionizing makeup since 2008.

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Fashion & Beauty Awards: WINNER - Direct-to-Consumer

Custom Content by the Los Angeles Business Journal

In just four years, Richard Saghian has morphed a small chain of SoCal based retail stores into FashionNova.com, one of the largest and fastest growing e-commerce platforms in the world.

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Monday, December 10

L.A.-Based Cumming Buys U.K. Construction Consultancy Mellersh & Harding

Los Angeles-based Cumming, an international project management and cost consultancy, has acquired London-based Mellersh & Harding Building Consultancy, representing its second major acquisition in the United Kingdom since 2016.

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Snap Hires New Communications Officer

Snap Inc., based in Santa Monica, announced Dec. 10 Julie Henderson will join the social-focused camera company as chief communications officer.

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El Segundo-Based Jaanuu Raises $15 Million to Produce Fashion Scrubs

Jaanuu Inc., a medical apparel company based in El Segundo, announced Dec. 10 it raised $15 million from investors.

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NMS Capital Group Sells Stake in Banking Unit, Saliba Stepping Down

Beverly Hills-based NMS Capital Group, a private equity, merchant banking and advisory firm, has agreed to sell all equity and rights to NMS Capital Advisors, which is made up of private investors.

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CBS Sells Television City for $750 Million

CBS announced an agreement to sell the 25-acre CBS Television City property and soundstage operation at 7800 Beverly Blvd. to Los Angeles-based real estate developer Hackman Capital Partners for $750 million. As part of the agreement, Hackman Capital will gain the rights to use the Television City trademark in connection with its operations on the property.

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Silicon Beach Report Dec. 10: TrueCar Acquires DealerScience for $27 Million

RealD signs China deal; Katzenberg details Quibi plans; TrueCar buys DataScience

RealD Installing 100 New Screens in China

3D and visual technology developer RealD Inc. announced Monday it signed a deal with Beijing, China-based Wanda Cinema Line Corp. to install RealD 3D film screens into 100 of its theaters across China.

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Top-Read Stories of the Week

Top-Read Stories of the Week

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Maple Media Acquires Banana & Co. Gaming Portfolio

Mobile advertising firm Maple Media announced Monday it acquired the intellectual property rights to San Francisco-based game developer Banana & Co.’s game portfolio.

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Corporate Boards Lag in Year of the Woman

Commentary

2018 has been dubbed the Year of the Woman thanks to the record number of female congressional candidates elected in November.

Sunday, December 9

USC Board of Trustees Upholds Decision to Remove Marshall School Dean

The USC Board of Trustees on Wednesday voted to uphold interim President Wanda Austin’s decision to remove Marshall School of Business Dean Jim Ellis from the post, effective in June, according to a statement from the university.

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Friday, December 7

South Bay Partners Plans 192-Unit Senior Community Near Century City

Developer South Bay Partners has announced plans for a senior living community near Century City. Plans filed with the city Dec. 6 call for 192 units. Of the units, 71 will be independent living, 75 will be assisted living and 46 will be memory care living.

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Silicon Beach Report Dec. 7: InSight Rover Begins Mars Analysis

New sponsors for Call of Duty World League; InSight Rover starts taking red planet data; former employees say Defy Media’s abrupt closure left them without final paychecks.

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Clearlake Acquires Health Tech Company Symplr

Private equity firm Clearlake Capital Group, based in Santa Monica, has completed its acquisition of Symplr, a health-tech company based in Houston, the company announced on Dec. 7.

Banking & Finance

Special Report

Banking & Finance Special Report

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Glazier’s Growth

Giroux Glass thrives on difficult terrain

What glass ceiling?

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Station Owners Face Biz Woes

Media: iHeart, Entercom struggle; local stations ok

Owners of L.A.’s most-listened-to radio stations on shaky financial ground.

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Madera Raises $20.9M From Breakwater

Company plans to expand restaurant chains

Expansion in the cards for Madera Group after $20.9M funding round.

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Cedars Adds VR Surgery Course

Cedars-Sinai Medical Center has teamed up with digital health startup Pragma Inc. to launch what may be the first accredited continuing medical education course taught in virtual reality.

Dodgers Exec Joins LA Sports Council

The Los Angeles Sports Council has named longtime Los Angeles Dodgers executive David Siegel president of the organization

Catasys Thrives on Data Dives

Health Care: Firm helps providers lower costs

AI on health

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Landec Corp. Spends $80M On Yucatan Foods

Fresh-food co. plans growth with ramped up production from Yucatan’s new facility

Delicious deal as Landec buys guacamole-maker.

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Local Contractors Cash In on Blue Line Upkeep

$350 million repair project includes station work to prep for Green Line connection

Metro’s Blue Line refurbishment has L.A. companies seeing green.

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Monetizing Consumer Data with Blockchain

Social Reality Inc. rewards users who give up info with proprietary cryptocurrency

Social Reality passes benefits of commodification to consumers.

Hanmi Harbinger: Texas Deal Collapse has Ethnic Bank Rethinking Growth Plans

Banking & Finance Special Report

Hanmi banking on Texas for growth.

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Asset Outflows for LA Funds

October data shows dip for money managers

Market volatility giving some the jitters.

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STYLE | Pasta Pride

Leah Ferrazzani • Semolina Artisanal Pasta

Pasadena pasta

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Radiology Partners Signs $33M El Segundo Lease

10-year lease gives company 65,000 square feet in Frank Gehry-designed building

Radiology Partners gets creative with office.

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Kidder Mathews LA Expansion Continues

REAL ESTATE: Firm nabs Charles Dunn Co. team

Kidder Mathews not kidding about growth.

VR Goes Out of Box

Technology: firms move to location-based experiences

Economic reality forces VR firms to switch focus for wider audience.

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Nuorder Lands $15M Series C

Los Angeles-based NuOrder Inc., a business-to-business wholesale e-commerce platform, closed on a $15 million Series C financing round.

Ares Closes $1B Real Estate Fund

Century City-based Ares Management Corp. closed the Ares U.S. Real Estate Fund IX at $1 billion.

SpaceX Breaks Launch Record

Technology: Aerospace company counts 20 successful missions in 2018

SpaceX reaches new heights with record-breaking rocket launch.

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Thursday, December 6

Silicon Beach Report Dec. 6: Netflix’s $100M bid for “Friends”

Netflix pays $100 million for exclusive rights to “Friends;” Hulu chief hints streamer may be considering bid for sports; Aussie cotton farmers to use Semtech’s LoRa wireless networking tech.

Square Mile, Deutsche Bank Provide $231.6M in Financing for Culver City Office Portfolio

Square Mile Capital Management LLC and Deutsche Bank are providing $231.6 million in financing for creative offices in Culver City, Square Mile Capital announced Dec. 5. The borrower is Culver City-based Samitaur Constructs.

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MedMen Names Former Apple Retail Executive as New CFO

MedMen Enterprises Inc., a cannabis company based in Culver City, has named veteran finance executive Michael W. Kramer as its chief financial officer, nearly three weeks after his predecessor abruptly resigned from his post.

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Granite, Industrious Bring Coworking to Glendale

As companies move away from traditional workplaces, the need for coworking spaces has grown.

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Wednesday, December 5

NuOrder Closes on $15M Investment

Company plans to to grow B2B platform between businesses

Los Angeles-based NuOrder, a B2B wholesale e-commerce platform, closed on a $15 million Series C financing round, led by Radnor, Pa.-based venture capital firm NewSpring and joined by existing investors Upfront Ventures of Santa Monica and Argentum of New York City.

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Silicon Beach Report Dec. 5: Hyperloop Transportation Technologies Creates New Venture

Upfront Ventures leads $14 million MetaCX round; Axiomatic invests in Matcherino; Hyperloop Transportation Technologies links with German port authority.

Upfront Ventures Leads $14M MetaCX Funding Round

Early-stage venture capital investor Upfront Ventures, based in Santa Monica, led a $14 million investment round for MetaCx, an Indianapolis-headquartered developer of e-commerce management software.

L.A.-Based Platinum Equity’s Vertiv Buys MEMS Power Maintenance Business

Los Angeles private equity firm Platinum Equity announced that its portfolio company Vertiv completed the purchase of the maintenance business of MEMS Power Generation, a privately-owned company headquartered in the United Kingdom that specializes in temporary power solutions.

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Ares Closes Real Estate Fund at $1B

Century City-based Ares Management Corp. closed the Ares U.S. Real Estate Fund IX at $1.04 billion. The fund looks at value-add opportunities in multifamily, industrial and office investment properties.

Tuesday, December 4

Silicon Beach Report Dec. 4: Faraday Future Faces More Furloughs

Hulu plans new advertising structure; SRAX CFO leaves; Faraday Future cutting more employees

SRAX Financial Officer Departs

Downtown-based advertising technology firm Social Reality Inc. (doing business as SRAX) announced Nov. 30 its Chief Financial Officer J.P. Hannan will resign.

FatBrands Acquires Yalla Mediterranean

Fat Brands Inc. announced Dec. 4 it acquired restaurant chain Yalla Mediterranean for an undisclosed amount.

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Landec Acquires Guacamole Maker Yucatan Foods for $80M

Los Angeles-based guacamole company Yucatan Foods was acquired by fresh food firm Landec Corp for $80 million in a move that bolsters the California firm’s natural foods market position.

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Monday, December 3

Spotlight on Education: Nailing that Business School Application Essay

Custom Content by the Los Angeles Business Journal

Business school students face a uniquely difficult challenge, because most programs require a series of essays rather than a single

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Guardian Life Takes Stake in LEI, Name Change Planned

The Guardian Life Insurance Company of America will acquire equity interest in Los Angeles-based Lowe Enterprises Investors. LEI is currently held by Lowe Enterprises. Terms of the transaction were not disclosed.

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Spotlight on Education: Survey Reveals that MBA Graduates are Seen as More Desirable to Employers

Custom Content by the Los Angeles Business Journal

Late last year, the Executive MBA Council(EMBAC) announced the results of its annual EMBAC Membership Program Survey,

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Kaiser Permanente Launches $6M in Grants for SoCal Mental Health Agencies

Kaiser Permanente Southern California on Dec. 3 announced a $6 million initiative to bolster mental and behavioral health services throughout the region.

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Spotlight on Education: LA’s Visionary Educator Paul Cummins Makes a Case for the Importance of Poetry

Custom Content by the Los Angeles Business Journal

Dr. Paul Cummins is making a powerful case for the relevance of poetry (and how to teach it) with his latest book.

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Silicon Beach Report Dec. 3: SpaceX Sends 64 to Space

XPrize Foundation plans awards; Overwatch League and Fanatics sign deal; Falcon 9 launches satellite payload.

Spotlight on Education: UCLA Extension’s Corporate Education Team Takes Customized Education to the Next Level

Custom Content by the Los Angeles Business Journal

For 100 years, UCLA Extension has provided extraordinary professional advancement and development all over the world.

Cedars-Sinai Joins Koreatown-Based Pragma to Offer VR Course in GI Surgery

Cedars-Sinai Medical Center has teamed up with digital health startup Pragma Inc. to launch what may be the first accredited continuing medical education course taught in virtual reality.

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Spotlight on Education: LMU Expands Graduate Education in Silicon Beach

Custom Content by the Los Angeles Business Journal

2018 was a significant year of transition and growth for the College of Business Administration (CBA) at Loyola Marymount University (LMU).

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Spotlight on Education: Hot Jobs - As Demand for Data Scientists Continues to Rise, University of La Verne Launches MSDA Program

Custom Content by the Los Angeles Business Journal

The era of Big Data is here, and successful businesses are now relying on highly-trained data analysts to help them drive corporate strategy and make smart decisions.

Spotlight on Education: The Increasing Global Appeal of an MBA Degree

Custom Content by the Los Angeles Business Journal

Recruiters around the world are widening their search and casting their nets into a growing pool of international talent./

$50.3M for Westside Shopping Center

REAL ESTATE: Asana adds Balcony on Beverwil

Westside shopping center sells for $50.3M.