Stories for June 2018

Saturday, June 30

Peter Arkley

LA 500

Peter Arkley has been with Alliant Insurance Services since 2011.

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Robert J. Lowe

LA 500

Robert Lowe is chairman of Lowe, a national real estate company he founded with his brother Mike in 1972.

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Bruce Munster

LA 500

Bruce Munster is regarded as one of the top private bankers in the country.

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Friday, June 29

Tetra Tech Receives $60M Multi-Award Federal Contract for Engineering, Design Services

Tetra Tech Inc. announced June 28 that the U.S. Army Corps of Engineers selected it for a $60 million, five-year, multiple-award contract for engineering and design services throughout the Pacific Northwest.

European Regulators Give an Early Nod to Cancer Treatments From Puma, Kite

European drug regulators have recommended the approval of two cancer treatments developed by two Los Angeles-area biotech companies – Puma Biotechnology Inc. of West L.A., and Kite, a Gilead Co., of Santa Monica.

Judge Rules Huntington Park Dispensary Permit Process Unconstitutional

The City of Huntington Park’s application process for its medical marijuana business permits violated constitutional rights by unlawfully restricting applicants petitioning city council members about their applications, a federal judge has ruled.

Santa Monica-Based Casetabs Raises $2.3 Million From Investors

Casetabs Inc., a digital health company based in Santa Monica, has raised $2.3 million during a fundraising round, according to a securities filing.

Late Professor Gifted $1.73M to Cal State Dominguez Hills

Gift will establish first endowed chair in school’s history

A recently deceased professor gifted $1.73 million to California State University Dominquez Hills, the school’s largest-ever faculty member gift.

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Silicon Beach Report June 29: Bird Raises $300 Million

Snapchat enters gaming landscape; SpaceX sends Space Station payload; scooter startup attains $300 million.

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Citigroup to Exit Citigroup Center; Taking New Lease at One Cal Plaza

Citigroup Inc. is moving out of the Citigroup Center at 444 S. Flower St. in downtown Los Angeles to 29,000 square feet at nearby One California Plaza at 300 S. Grand Ave., according to sources.

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Beyond Meat Increases Manufacturing Operations

El Segundo-based Beyond Meat Inc., producers of plant-based meat substitute products is expanding its manufacturing footprint threefold, the company announced June 29.

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Women-Owned Firms Reach $18.9B

ECONOMY: Top 100 combine for 1.8% sales hike

Women-owned businesses in L. A. County combined for nearly $20 billion in sales in 2017.

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TIMELESS TACOS

Sky’s Gourmet Tacos still going strong after quarter century

How one woman scored a cross-over hit.

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Port Container Facility Moves Forward

Requests for comment kick off EIR review process for $130M cargo project

Port of L.A. takes step towards proposed Harbor Performance Enhancement Center.

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Call for Compliance Via Consolidation on Water

Clean water as a human right.

DTLA Condo Resales Continue to Climb

May brings most sales since September 2017 to go with 24% annual gain on price

Resale prices of downtown condos rising.

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Summer Coin Toss

Summer coin toss.

STYLE | Leading Light

C. Freeman • Charles Drew University of Medicine and Science

C. Freeman’s self reflection.

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Deals & Dealmakers: HK Buy Bolsters Differential

$1.4B deal gives Commerce apparel outfit majority stake in fellow designer, licensor

$1.4 billion for Hong Kong apparel outfit.

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Does Film Credit Bill Address Diversity?

Milken Institute sees dearth of incentives for women, minority hires in law

Bill to extend tax credit passes.

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Aecom’s Passion Projects

Engineering giant backs staffers on socially conscious micro projects around world

Aecom’s passion projects.

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Bebe Studio Sells for $28.5 Million

Century City office fetches $610 per square foot

Law firm buys Bebe studio in Century City.

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L.A.’s Edge; Kareem’s Socks; Tortilla’s Twist?

Our annual list of the largest women-owned businesses is always especially interesting.

Google Adds L.A. Infrastructure

Server facility will increase data transfer speed for local businesses

Google launches L.A. cloud servers.

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Cedars-Sinai Announces Layoffs

Downsizing part of efficiency push at biggest hospital in market

Cedars-Sinai trims workforce.

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Toyota Campus Plan In Focus

REAL ESTATE: New owner to add industrial in Torrance

New owner reveals initial plans for Toyota campus in Torrance.

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Hispanic Ad Market Morphs

MEDIA: Cross-cultural marketing helps expand reach

Hispanic advertising reflects patterns of assimilation.

Biotech Gets Defense Dollars

HEALTH CARE: Firms now turn toward commercialization

Federal contracts give biotech a boost.

Thursday, June 28

Dozens of Los Angeles-Area Doctors and Others Charged for Felony Health Care Fraud

Federal prosecutors in Los Angeles have charged nearly three dozen physicians, pharmacists and others alleged to have tried to bilk insurers out of $660 million in fraudulent health care bills.

City of Hope Receives $3.7M to Conduct Stem Cell Research on Brain Cancer

The state stem cell agency awarded $3.7 million to City of Hope National Medical Center million to conduct stem cell research targeting glioblastoma, the hospital announced June 28.

Richard Weintraub

LA 500

Richard Weintraub is president of Weintraub Real Estate Group (WREG), which has acquired, developed or entitled properties worth about $1 billion.

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Silicon Beach Report June 28: California Data Privacy Bill Signed Into Law

Data privacy law signed; Fitplan raises $4.7 million; stunt robots come to Disneyland

City Attorney Wins $450,000 Settlement From Nursing Home Accused of Patient Dumping

The Los Angeles City Attorney’s Office has reached a $450,000 settlement with a South L.A. nursing home alleged to have illegally discharged homeless patients.

Wayne Ratkovich

LA500

Wayne Ratkovich is the founder and chief executive of Ratkovich Co., the firm selected by the City of Los Angeles to develop a 31-acre waterfront site as the San Pedro Public Market.

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California Passes Data Privacy Bill

Lawmakers in California passed a data privacy bill in both chambers June 28 that would require major companies to disclose the data they collect from consumers and also allow consumers to elect not to have their data sold by the company to ad agencies. Governor Jerry Brown signed the bill into law Thursday afternoon.

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Rob Jernigan

LA500

Architect Rob Jernigan is co-regional managing principal for Gensler’s Southwest Region, directing the architecture firm’s offices in Los Angeles, San Diego, Newport Beach, Phoenix, Las Vegas and Denver.

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Jeff Hyland

LA500

Hilton & Hyland President Jeff Hyland has played a key role in two exclusive real estate firms over the course of his 30-year career, serving as a co-founder of Hilton & Hyland and a founding affiliate of Christie’s International Real Estate.

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Forecast: LAX Expects Record July 4 Traffic

Passenger traffic at Los Angeles International Airport over the July 4 holiday period is forecast to hit a record 2.86 million passengers, airport officials said on June 28.

Lewis C. Horne

LA500

Lewis Horne is president of the Southern California and Hawaii Division for CBRE Group Inc., the world’s largest commercial real estate services and investment firm.

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Tamara Hughes Gustavson

LA 500

Tamara Hughes Gustavson is the largest shareholder of Glendale-based self-storage giant Public Storage and owns a stake in American Homes 4 Rent, the REIT founded by her father, American Commercial Equities Management, the private real estate investment firm started by her brother, B. Wayne Hughes Jr.

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Chris Cortazzo

LA500

Chris Cortazzo, a sales associate and global luxury specialist affiliated with the Malibu West office of Coldwell Banker Residential Brokerage, has sold more than $5 billion in luxury residential real estate since 2000.

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Michael "Mickey" Kantor

LA500

Mickey Kantor, a partner at Mayor Brown, focuses on corporate and financial international transactions, drawing on his extensive experience in global trade.

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John C. Hueston

LA 500

John Hueston, a partner at Hueston Hennigan, has been recognized twice as a “California Lawyer of the Year.”

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Ilse Metchek

LA500

Ilse Metchek is president of the California Fashion Association, an organization she created in 1994 with key members of the major apparel manufacturers in the region as well as representatives of the finance sector and other allied industries.

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George Joseph

LA500

George Joseph is chairman of Mercury General, the property and casualty insurer he founded in 1961.

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Michael O. Johnson

LA500

Michael Johnson is executive chairman of Herbalife, having previously served as chief executive until June 2017.

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Kylie Jenner

LA500

Reality TV star and social media influencer Kylie Jenner launched her cosmetics collection, Kylie Cosmetics by Kylie Jenner, after successfully debuting the Kylie Lip Kit, a matching liquid lipstick, and lip liner set.

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Ray Irani

LA500

Ray Irani, former chief executive of Occidental Petroleum, succeeded company founder Armand Hammer in 1990.

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Thomas E. Jackiewicz

LA500

Thomas Jackiewicz is chief executive of Keck School of Medicine at USC, overseeing three Los Angeles-area hospitals—Keck Hospital at USC, USC Norris Comprehensive Cancer Center and USC Verdugo Hills Hospital—and the USC Care physician practice, which includes more than 40 ambulatory clinics across California.

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Anthony Pritzker

LA500

Tony Pritzker is co-founder and managing partner of Pritzker Group, which operates through its private equity, venture capital and asset management businesses.

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Bruce Karsh

LA500

Bruce Karsh co-founded global alternative investment manager Oaktree in 1995 with Howard Marks.

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David Kaplan

LA500

David Kaplan helps oversee Ares Management, a global alternative asset manager with about $112 billion in assets under management as of March 31.

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Neil Kadisha

LA500

Neil Kadisha and partners, including family members, founded satellite communications company Omninet Corp. in 1984 as among the first of their business ventures.

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William Hsu

LA500

William Hsu co-founded Mucker Capital with Erik Rannala in 2012 to invest in seed-stage companies in internet software, services and media.

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Jacky Dilfer

LA500

Jacky Dilfer is executive director of Business Finance Capital, where she serves as a U.S. Small Business Administration (SBA) real estate lending expert.

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Crenshaw Plaza Remodel Approved

The Los Angeles City Council has approved the Baldwin Hills Crenshaw Plaza overhaul, which would include a new hotel, a 10-story office tower, more than 900 units of housing as well as outdoor ground-level retail.

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Ron Burkle

LA500

Investor and philanthropist Ron Burkle is managing partner of Yucaipa Cos., an investment firm he founded in 1986 that focuses on the retail, manufacturing, distribution and hospitality industries.

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Sumner Redstone

LA500

Sumner Redstone is chairman of National Amusements Inc., owner of CBS Corp., Viacom and a chain of 1,500 movie theaters.

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David Nevins

LA 500

David Nevins is chief executive of Showtime Networks and has oversight of all aspects of the premium cable network, which is a subsidiary of CBS Corp.

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Wednesday, June 27

State Film Tax Credit Program Extended to 2025

California Gov. Jerry Brown signed on Wednesday a law that extends the state’s film tax credit program to 2025.

Bellami Hair Relocates to 23,000 SF in El Segundo

Bellami Hair, a major supplier of hair extensions, is moving its headquarters from Simi Valley to El Segundo, where it will sublease 23,000 square feet of space on the PCT campus at 222 N. Sepulveda Blvd.

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Kathleen Kennedy

LA500

Kathleen Kennedy has been with Lucasfilm since 2012.

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James Iovine

LA500

Veteran music mogul Jimmy Iovine is a longtime industry player who heads Beats Electronics with Dr. Dre.

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Jeffrey Katzenberg

LA500

Jeffrey Katzenberg is managing partner of WndrCo, the mobile video content company he founded in 2016.

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Robert Iger

LA500

Bob Iger, chairman and chief executive of Walt Disney Co., is poised to close a $71 billion dollar acquisition of 21st Century Fox’s film and entertainment assets, as well as networks National Geographic, FX and Star TV and stakes in Sky, Endemol Shine Group, Hulu and regional sports networks.

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Kevin Huvane

LA500

Kevin Huvane is partner and managing director of Creative Artists Agency, a top entertainment and sports agency.

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Alan F. Horn

LA500

Alan Horn is chairman of Walt Disney Studios, overseeing worldwide production, distribution, and marketing for live-action and animated films from Disney, Pixar, Marvel, and Lucasfilm, as well as marketing and distribution for DreamWorks Studios films released under the Touchstone Pictures banner.

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Earvin "Magic" Johnson

LA500

Earvin “Magic” Johnson has parlayed his skills from the basketball court to the boardroom as chairman and chief executive of Magic Johnson Enterprises.

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David Huerta

LA500

David Huerta is president of SEIU-USWW, which represents more than 45,000 janitors, security officers, airport workers, and allied and entertainment workers throughout California.

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Ann Philbin

LA 500

The director of the Hammer Museum at UCLA for nearly two decades, Ann Philbin has established the Westwood museum as a center for scholarly excellence and cutting-edge programming.

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Silicon Beach Report June 27: Honk Technologies Raises $18M

HyreCar announces IPO; Google Filestore revealed; Honk Technologies raises $18M.

H Code Buys Digital Publication for Hispanic Women

Digital advertising exchange H Code announced June 26 that it acquired HipLatina, a digital lifestyle publication for Hispanic women that claims to reach 4 million consumers per month through its website and social media.

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Differential Brands to Acquire Majority Stake in H.K. Competitor for $1.3B

Commerce-based Differential Brands Group announced June 27 that it had agreed to acquire a majority stake in Hong Kong’s Global Brands Group Holding for $1.3 billion. Both companies are designers, developers and licensors of apparel products.

Molina Healthcare Spins Off Medicaid Management Business for $200M

Molina Healthcare Inc. announced June 27 it would sell its Medicaid management information systems business for roughly $200 million.

Pasadena-Based HMRI Names New CEO

Huntington Medical Research Institutes, an independent biomedical research center in Pasadena, announced June 27 it appointed Julia Bradsher as chief executive.

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LAX Passenger Traffic Up 5.3 Percent in May, 5.4 Percent Year-to-Date

Passenger traffic at Los Angeles International Airport rose 5.3 percent in May compared to last year and was up 5.4 percent for the first five months of this year, according to figures released June 26 by airport officials.

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Home Essentials Company Parachute Raises $30 Million

Venice-based Parachute Home Inc., designers and manufacturers of bedding products, raised a $30 million Series C round the company announced June 27.

Tuesday, June 26

Staar Surgical Strikes Deal With Japanese Eye Clinic

Staar Surgical Co., a Monrovia-based company that manufactures implantable lenses for the eye, announced an agreement to sell lenses to an eye clinic based in Japan.

SoCal Edison Proposes $760M for EV Charging Stations

Southern California Edison on June 26 submitted a proposal to state regulators to spend $760 million in ratepayer funds to build more charging stations for passenger electric vehicles.

Law Firm Pays $28.5M for Bebe Studio

The law firm of Elkins Kalt Weintraub Reuben Gartside is the buyer of Bebe Stores Inc.’s design studio at 10345 W. Olympic Blvd in Century City.

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Pasadena Digital Agency Opening in Singapore

Digital advertising technology provider OpenX Technologies Inc. plans to open an office in Singapore, the latest expansion for the 20-year-old, Pasadena-based company.

8 Over 80

The 8 over 80 profiles in this year’s Business Journal Special Report tell the stories of local business people and their broad and diverse careers; folks who, despite ranging in age from 81 to 95, are still just that – business people.

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Silicon Beach Report June 26: Two Local Car Startups Raise $2M Each

Carblip raises $2 million; L.A. ranked best metro tech sector; Faraday and Future bailed out

$29M for Three-Story Office on Westside

Beverly Hills-based Cambra Realty has purchased a three-story, 50,000-square-foot office building at 10301 W. Pico Blvd. near Century City for $29 million from the limited partnership Papazian-Hirsch Pico, sources said.

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Los Angeles Ranked Top Metro Area for Tech Funding and Exits

Los Angeles was ranked as one of the top 25 global cities for tech innovation, according to a recent CB Information Services Inc. report.

Inter Valley Health Plan Hires VirtualHealth to Manage Medicare Patients

Inter Valley Health Plan Inc., a Pomona-based health insurer for seniors with Medicare, has hired Virtual Frameworks Inc. to provide its software platform for patient management.

Report: Children’s Hospital L.A. Ranked No. 1 Kid’s Hospital in the West

Two Los Angeles children’s hospitals scored among the highest in the nation, with Children’s Hospital Los Angeles named the No. 1 children’s hospital in the West, according to a U.S. News & World Report ranking.

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Publisher of the Advocate, Out selects CEO

The publisher of the Advocate and Out magazine selected Nathan Coyle as its new Chief Executive Officer.

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Monday, June 25

Cedars-Sinai Launches Program to Speed Up Treatments of Gut-Related Illnesses

Cedars-Sinai Medical Center has launched a health initiative to speed the development of new drugs, medical devices and treatments for patients with gastrointestinal diseases.

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AEG Strikes Deal to Manage Buenos Aires Arena

AEG Facilities, a stand-alone division of AEG, has agreed to a multi-year deal with the Buenos Aires Arena to manage and operate the facility. The 16,000-seat arena is controlled by Argentinian media outfit, La Nación, and is set to open their doors in mid-2019.

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Silicon Beach Report June 25: Busoni Named Thiel Fellow

Pinscreen sued; new Thiel fellow named; Snapchat shares ad revenue

New CEO for Anworth Mortgage

Anworth Mortgage Asset Corp., a Santa Monica-based real estate investment trust, announced that Joseph McAdams will become company’s chief executive effective Sept. 30.

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The Business of Accounting: A Discussion with the Experts

Custom Content from the Los Angeles Business Journal

The Los Angeles Business Journal has once again turned to two of the leading accountants in the region to get their assessments regarding the current state of business accounting, economic variables, and the various trends that they have been observing, and in some cases, driving.

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Cancer Awareness & Prevention: Scientists Develop Potential New Approach to Stop Cancer Metastasis

Custom Content from the Los Angeles Business Journal

Researchers have identified a compound that blocks the spread of pancreatic and other cancers in various animal models.

Cancer Awareness & Prevention: American Cancer Society’s CEOs Against Cancer

Custom Content from the Los Angeles Business Journal

I recently made a personal commitment of my time and resources to help eliminate the incredible burden that cancer places on families and communities just like yours and mine.

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Cancer Awareness & Prevention: Cancer May be Tough – But LLS is Tougher

Custom Content by the Los Angeles Business Journal

The Leukemia & Lymphoma Society’s (LLS’) mission is to cure leukemia, lymphoma, Hodgkin’s disease and myeloma, and improve the quality of life of patients and their families.

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Friday, June 22

LA Misses Final Cut for U.S. Army Procurement Center HQ

Los Angeles has missed the final cut for a U.S. Army procurement center headquarters, according to a media report.

Cosco Shipping to Put Long Beach Terminal in U.S. Trust

China-based Cosco Shipping Holdings Co. is considering putting a container terminal at the Port of Long Beach in a U.S.-run trust in response to concerns raised by federal regulators regarding the shipping company’s pending ownership of the facility, according to the Wall Street Journal.

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Split Decision in AEW Dispute With Shekhter Over Nine-Property Portfolio

A state appellate court affirmed a lower court ruling handing AEW Capital Management full control of a nine-property portfolio that’s the subject of a dispute with Santa Monica developer Neil Shekhter’s NMS Capital Partners, its former joint venture partner, who is accused of destroying evidence.

Medtronic Insulin Pump Approved for Pediatric Patients

Medtronic’s closed-loop insulin pump is now approved for use in young patients with Type 1 diabetes, expanding the market for the medical device, the company announced Thursday.

Private Equity Firm OpenGate Sells Paper Company

Century City-based private equity firm OpenGate Capital completed the sale of its portfolio company NorPaper Group to a Lebanese firm, the company announced June 22. Terms of the deal were undisclosed.

Savagian Takes Top Investment Banking Position for RBC in L.A.

Royal Bank of Canada has tapped Kent Savagian to run its L.A.-based investment banking operation.

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Silicon Beach Report June 22: Tinder Becomes More Specific

Tinder Becomes More Specific; Sinemia launches new movie pass; SpaceX gets $130M contract

Civic Leader and South LA Booster John Mack, 81

Obituary

Longtime L.A. civic leader and South Los Angeles development booster John Mack died on June 21 at age 81, according to media reports.

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Digital Agency H Code Signs Deal With Peruvian Broadcasting Company

Digital advertising agency H Code Media Inc. announced June 21 it will handle U.S. advertising for Radio Programas del Peru, a 55-year-old Lima-based radio and television broadcasting company.

Molina Buys Long Beach Post in Challenge to Press-Telegram

Makes new hires at 11-year-old online publication, more expected

New owner for Long Beach Post.

Titan Tapped

Walmart adds five L.A. companies to supplier roster

How five local manufacturers got into Walmart.

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Times’ Premium to Pay Off?

Filing indicates profits for California group

Soon-Shiong seeks new business models for L.A. Times.

L.A. Hotbed for Health Care Transfer

Royalties stream into area hospitals, universities

How health care systems turn R&D into royalties.

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Airlines Up

Commercial carriers see gains, competition

L.A. remains a “very vibrant and very fragmented” market for commercial airlines.

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Will Ferro Send Windfall Soon-Shiong’s Way?

A little extra to go with our front-page piece on the financial shape of the L.A. Times and other California publications now in the hands of Patrick Soon-Shiong …

Air Charters Get Boost From Hot Economy, Local Congestion

Private flights shift toward sharing economy

Charter air carriers catch tailwind.

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Leiweke Live

Sports business vet sheds light on arena alliance, Oak View’s growth trajectory

Tim Leiweke sheds light on Oak View Group’s ambitions.

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AYSO to Soccer Moms: There’s an App for That

Torrance-based sports group to streamline communications, marketing

AYSO’s app for soccer moms.

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Deals & Dealmakers: Fox to Hightimes’ Board

Former president of Mexico arrives with merger held up, crowdfunding in works

Platinum Equity gets $1.4 billion for cargo handling company.

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Minibar-in-a-Car on Way to Uber, Lyft in L.A.

Cargo Services to use Snapcode in place of standard QR here

Uber, Lyft to bring new goodies to L.A. market.

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UCLA Stakes Claim on Inaugural Innovation Day

Unifies researchers across various disciplines under tech development group

UCLA stakes claim on innovation.

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Non-Bank Lenders Step Up as Banks Step Back

Post-recession growth most prominent in mortgage lending

A strong economy, heightened regulatory standards for banks, and a greater appetite for risk among many investors has led to brisk growth for non-bank lenders, a trend that’s played out with recent deals in Los Angeles.

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L.A. County Hotels Catch Up to National Pace

Occupancy, room rates expected to continue upward next year

L.A. hotels catch up with national market.

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STYLE | Failing Forward

Martin Biallas I Special Entertainment Events Inc.

Martin Biallas, chief executive of Hollywood-based Special Entertainment Events Inc., has a strong sense of personal style.

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Don’t Get Dizzy

Are you just about dizzy with all the news about homelessness in Los Angeles lately?

Tax Cut’s Effect on Philanthropy Comes Into Focus

At first read, the Tax Cuts and Jobs Act, signed into law last December, seemed a death knoll for nonprofits – such as CASA of Los Angeles, where I serve as chief executive officer – that receive most of their funding from individuals.

Thursday, June 21

Hanmi’s Kum Retiring, Lee Promoted to President

C. G. Kum, chief executive of Hanmi Financial Corp., the holding company for Hanmi Bank, announced plans to retire next year.

Silicon Beach Report June 21: Verra Mobility Sells for $2.4 Billion

Verra Mobility sells for $2.4 billion; Lizzie Francis joins GOAT; Pasadena company goes to Madagascar

LA BioMed Gets Nearly $700,000 to Improve Heart Disease Screenings for Newborns

The National Institutes of Health has awarded nearly $700,000 to a researcher at LA BioMed to improve screening in newborn babies at risk of congenital heart disease.

Fox Agrees to Disney's $71.3B Bid

The Walt Disney Co. has reached a second agreement with 21st Century Fox to purchase Fox’s movie and television assets, this time for the much higher price of $71.3 billion.

Tetra Tech Snags $22M Contract for Biodiversity Efforts in Madagascar

Tetra Tech Inc. has been awarded a $22 million contract from the U.S. Agency For International Development to support biodiversity protection and community development efforts in Madagascar.

Wednesday, June 20

IPO in the Works for Cushman & Wakefield

Cushman & Wakefield has filed paperwork with the Securities and Exchange Commission for its proposed initial public offering, the commercial real estate brokerage announced.

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Jaanuu Launches Scrubs Collection for Men

Jaanuu Inc., makers of scrubs for medical professionals made a foray into men’s medical clothing by launching two new collections, the company announced June 20.

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Anastasia Beverly Hills Partners With TPG Capital

Anastasia Beverly Hills announced June 20 a partnership with San Francisco-based investment titan TPG Capital, the first outside investment for the cosmetic line started by Anastasia Soare.

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WC+A Moving to Row DTLA

Advertising and graphic design studio Williams Corsi & Associates will move in September to 12,000 square feet at Row DTLA, located at 777 S. Alameda St. in downtown Los Angeles, after signing a 5-year lease.

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Silicon Beach Report June 20: BioSolar Expands to Spain

BioSolar expands to Spain; Sprint Corp. phone rival emerges; Riot Games goes down under

Torrance Refinery Hit with State Penalty for Hazardous Waste Storage

PBF Energy Inc.’s Torrance refinery has been fined $150,000 for allegedly storing hazardous waste illegally, a state agency announced June 20.

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Bruce Blomstrom, Co-Founder of Pasadena BioScience Collaborative, 80

Bruce Blomstrom, a co-founder and longtime president of the Pasadena Bioscience Collaborative Incubator, has died. He was 80.

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City of Long Beach Seeks Operator for its Community Medical Center, Set to Close

The City of Long Beach will enter into negotiations for a new operator to run its Community Medical Center Long Beach, as closure looms after discovery of an active earthquake fault.

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SnackNation Acquires EdgiLife

Culver City-based SnackNation which curates healthy snacks delivered to offices and homes announced June 20 the acquisition of EdgiLife Media Inc. and its brand, Love With Food. Terms of the deal were undisclosed.

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Disney Outbids Comcast With New $71.3B Offer for Fox

Burbank-based Walt Disney Co. offered $71.3 billion in cash and stock for the film and television assets of 21st Century Fox , outbidding Comcast, which placed a $65 billion all-cash bid for Fox earlier this month.

Tuesday, June 19

Silicon Beach Report June 19: Torrance Company Contracted by Homeland Security

Torrance company contracted by Homeland Security; Quest International expands in Europe; Scratchpay gets $6.4M in series A funding

$40 Million Fund Launched for Real Estate Startups, Tech

CBRE Group Inc., RXR Realty and Cushman & Wakefield are investors in MetaProp

New York-based real estate venture capital firm MetaProp has launched a $40 million fund that has attracted CBRE Group Inc., RXR Realty and Cushman & Wakefield.

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Platinum Equity Sells Air Cargo Handling Company for $1.4 Billion

Beverly Hills-based Platinum Equity has sold air cargo handling company Worldwide Flight Services to affiliates of Cerberus Capital Management for nearly $1.4 billion, Platinum announced on June 19.

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AcuraStem Gets $3.7 Million Grant to Treat ALS

AcuraStem Inc., a biotech company based in Monrovia, has received a $3.7 million fast-track grant to develop a treatment for Lou Gehrig’s disease.

Amoeba Music Plans Move, Marijuana

Amoeba Music will move from its current space at 6400 Sunset Blvd. to a new space nearby and owners hope to add marijuana to the retailer’s offerings of recorded music, movies and other pop-culture paraphernalia.

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Scratchpay Lands $6.4M in Series A Funding

Eagle Rock’s Scratch Financial Inc., doing business as Scratchpay, announced June 19 that it received $6.4 million in series A funding. Underwriting for this round of funding was provided by Companion Fund, a $100 million pet-centered venture capital fund, as well as Struck Capital, TTV Capital and SWS Venture Capital.

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Monday, June 18

Children’s Hospital L.A. Offers Genetic Cancer Test to New Hospital Consortium

Children’s Hospital Los Angeles has joined a national consortium of pediatric hospitals that will employ its personalized cancer treatment for children.

Silicon Beach Report June 18: Robot Maker Gets $22 Million Series A

$22 million raised by Pasadena Robotics Co.; MindSpark acquired by Auticon; Sure Inc. expands to rideshare insurance

Soon-Shiong Seeks Seat on Board at Tribune; Announces Opening of Downtown L.A. Times Office

Patrick Soon-Shiong said that he will seek a seat on the Tribune Co. board now that his $500 million purchase of the Los Angeles Times and other California News Group holdings was finalized on June 18.

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Create Advertising Moving to 42,000 SF in Mid-Wilshire

Entertainment advertising agency Create Advertising Group has signed an 11-year lease for 42,000 square feet of office space at the Harbor Building at 4201 Wilshire Blvd in the Mid-Wilshire area.

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CUSTOM CONTENT: US Headquarters of Foreign Businesses

Trusted Advisors

Major US Tax Reforms apply effective 2018 to all US businesses and investors

Molina Venture Buys Long Beach Post

Pacific 6 Enterprises, a group headed by John Molina, has bought the Long Beach Post and added seven staff members to the online news publication, according to a June 18 announcement provided to the Business Journal.

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Women's Council & Awards 2018: More than 1,000 Economists Urge American Economic Association to Address Misogyny in the Field

Custom Content by the Los Angeles Business Journal

A stunning number of professional economists—nearly 1,100—signed a petition late last year urging the American Economic Association (AEA) to address pervasive misogyny in the field.

Women's Council & Awards 2018: Number of Women-Owned Businesses Growing 2.5 Times Faster Than National Average

Custom Content by the Los Angeles Business Journal

Report finds there are 114% more women-owned businesses in the U.S. Than 20 years ago

Women's Council & Awards 2018: A Look at the Michigan Ross Executive MBA Program in Los Angeles

Custom Content by the Los Angeles Business Journal

With locations in Los Angeles and Ann Arbor and a flexible, once-a-month-for- 21-months format, the Michigan Ross Executive MBA Program combines rigorous coursework, action-based learning, and an integrated Leadership Development Program that will prepare you to assume the highest leadership roles.

Women's Council & Awards 2018: A Look Back at the Bill that Changed Everything

Custom Content by the Los Angeles Business Journal

Earlier this year, the National Association of Women Business Owners (NAWBO) released “Spotlight on H.R. 5050: The Bill that Changed Everything for Women Business Owners.”

BNY Mellon Wealth Management Hires Chuck Long to Run L.A. Office

BNY Mellon Wealth Management has named financial veteran Chuck Long to serve as regional president of its Century City office.

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Women's Council & Awards 2018: Gender Parity: Making the Business Case for Diversity in the Workplace

Custom Content by the Los Angeles Business Journal

Change management is one of the toughest jobs a leader will encounter.

Women's Council & Awards 2018: NAWBO Joins Coalition to Form America’s Small Business Hub

Custom Content by the Los Angeles Business Journal

The nation’s leading small business and entrepreneurship organizations, including National Association of Women Business Owners (NAWBO), have banded together to form the Small Business Roundtable (SBR), a coalition dedicated to advancing policy, securing access, and promoting inclusion to benefit the 30 million businesses at the heart of the American economy.

Women's Council & Awards 2018: Women’s Day: USC Marshall Offers Robust Support for Women Entrepreneurs

Custom Content by the Los Angeles Business Journal

For years there had been talk at USC Marshall and its Lloyd Greif Center for Entrepreneurial Studies of putting together a large event for women entrepreneurs.

Friday, June 15

Three More Physicians Charged in $580M Kickback Scheme at Pacific Hospital

Three more doctors were charged in connection to an alleged $580 million kickback scheme linked to spinal surgeries at the defunct Pacific Hospital in Long Beach.

The Athletic to Hire Fleet of L.A. Sportswriters

The Athletic, a San Francisco-based sports journalism website, will hire seven full-time Los Angeles-based reporters effective June 18. Many of them will come from established Los Angeles publications.

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Ride-Sharing Commerce Company Cargo Enters L.A

Cargo Services Inc., a mobile marketplace headquartered in New York City, announced June 14 that it is expanding to Los Angeles. The company, which allows Uber and Lyft drivers to receive complimentary boxes stocked with retail items, has already bought a warehouse in Ontario, Calif.

Women's Council & Awards 2018: Should You Rush to the Finish Line?

Custom Content by the Los Angeles Business Journal

The recently enacted tax law changes can have dramatic effects on all kinds of income tax situations, including divorce.

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Modest Job Gains in L.A. County for April

L.A. County’s unemployment rate remained steady at 4.4 percent in May as the local economy hovers near full employment, according to state figures released Friday.

L.A. County Unemployment Rate Dips to 4.4 Percent in April Amid Modest Job Growth

L.A. County’s unemployment rate remained steady at 4.4 percent in May as the local economy hovers near full employment, according to state figures released June 15.

8 over 80: Alex Bellehumeur

Alex Bellehumeur has been a real estate developer, and continues to invent different products and systems.

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Elephant in the Room

The Trump administration has been truculent toward China over trade.

Lawmakers Should Patch Up Lead-Paint Ruling

No one is safe –property owners from California’s first-time homebuyers to our senior citizens with homes built prior to 1981 now face the very real likelihood of decreased home values, new financial liability, forced public disclosures and mandatory government inspections due to a recent court ruling.

STYLE: Cutting Edge

Benjamin Mohapi • Benjamin Salon

British-born stylist Benjamin Mohapi, founder of Benjamin Salon, is bored with beachy waves.

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Big Rent Spreads Point to Industrial Vitality

Construction costs rise, but market strength seen as supporting more supply

Industrial real estate development is booming, despite rising costs.

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Asia Cos. Top L.A. Investment

TRADE: 17 out of 20 largest foreign cos. with L.A. HQs

Asian outfits dominate the Business Journal’s list of foreign companies with U.S. headquarters in L.A. County.

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Clippers Look to Expedite Inglewood Arena

State lawmaker proposes streamlined review process for site; move not imminent

Lawmaker seeks fast-track approval for Clippers’ Inglewood arena.

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Henkel Expands Culver City Hair Operation

New hair academy opens as part of German company’s regional headquarters

German beauty brand Henkel opens a new training center in Culver City.

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Deals & Dealmakers: HyreCar Sets Sights on IPO

Car-sharing company could raise $14.5 million with offering; no date set

HyreCar contemplates IPO.

Gameday Tix? There’s (Another) App for That

Snap and SeatGeek partner with LAFC for in-app ticket purchases

LAFC strikes a deal with SeatGeek to sell tickets via Snapchat.

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COLOR CRAZED

eSalon’s new HQ heralds hair product company’s growth

Customized hair color brand eSalon has a new El Segundo HQ.

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ZipRecruiter Moves in Santa Monica

Company expands in former Google space

ZipRecruiter Inc. has moved its headquarters into 45,000 square feet of office space at 604 Arizona Ave. in Santa Monica, consolidating what were two offices in the city.

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Catchy Can’s Story a Classic Can-Do Tale

This week brings summer – time for some yard work …

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Ocean West Part of $70M Taft Building Pickup

REAL ESTATE: Partners with Westbrook to purchase iconic building

The Taft Building, located on the famed corner of Hollywood and Vine, has been sold

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Suit Alleges L.A. Trash Program Unlawful

GOVERNMENT: RecycleLA fees called illegal tax

L.A.’s trash collection program prompts a class action.

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Weinstein Scandal Roils ‘Runway’

ENTERTAINMENT: TV crew on uncertain ground

“Project Runway” will move back to Bravo following the Weinstein scandal.

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Jannard Attempts 3-Peat

MEDIA: RED founder eyes August launch for new phone

Jim Jannard’s latest project, the Hydrogen One smartphone, is billed as a “holographic media machine.”

Minimum Wage Hike Looms

Economy: Restaurants, apparel could be hard hit

The latest round of minimum-wage increases raises concerns for some companies.

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Game Gathering

E3 highlights video game industry growth

Consumers join the party at E3, the conference for video game developers and content creators.

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8 over 80: Norman Lear

“The facts of my life, whatever I was doing the day I was doing, I enjoyed the most,”

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8 over 80: Milt Larsen

At 87 years old, Milt Larsen is still a magician at heart.

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8 over 80: Suzanne Zada

Suzanne Zada moved to Los Angeles in 1957 from Hungary after the Hungarian Revolution in 1956

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8 over 80: David Fleming

David Fleming practiced law for nearly 60 years, specializing in corporate, land use and environmental law.

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8 over 80: Leo Pircher

Leo Pircher received both his bachelor’s degree and Juris Doctor degree from U.C. Berkeley.

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8 over 80: Marion Ross

Marion Ross is best known for her roughly 10-year portrayal of Mrs. C. on “Happy Days” from the mid-1970s to mid-1980s.

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8 over 80: Henry Kawamoto, Jr.

Now retired, Henry Kawamoto, Jr. was director emeritus of craniofacial (skull-jaw-face) surgery for UCLA’s Craniofacial Clinic, and a clinical professor of plastic and reconstructive surgery.

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Thursday, June 14

Silicon Beach Report June 14: Influential Secures $12 Million in Series B Funding

Influential secures $12 million in series B funding; Snap Inc. releases API Snap Kit; ZipRecruiter expands in Santa Monica

Women's Council & Awards 2018: Getting to Equal in Los Angeles: Driving Equality in the Workplace

Custom Content by the Los Angeles Business Journal

Equal pay and achieving a gender-balanced workforce has become a priority for government, civic and business organizations in Los Angeles.

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Sunset Boulevard Office Building Purchased for $37.8 Million

Vanbarton Group, a New York-based real estate investment firm, has purchased a five-story, 74,000-square-foot office building at 6725 Sunset Blvd in Hollywood from Costa-Mesa based Crown Realty & Development Corp. for $37.8 million, or around $512 per square foot.

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Women's Council & Awards 2018: The Importance of Women in Business

Custom Content by the Los Angeles Business Journal

Last month, I had the opportunity to join a panel of top executives in New York City to discuss the topic of “Best Practices for Developing and Managing a Successful Career.”

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Long Beach Port Cargo Volume Up, LA Port Volume Down

It was a tale of two ports in May as cargo volume at the Port of Long Beach hit a record high while at the Port of Los Angeles, volume dipped 3 percent from last year’s record high, according to announcements from both ports.

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Milken Study Favorable of Expanded California Film Tax Credit Program

California has recently seen an increase in the number of motion picture industry employees, but the state government could do more to lure movie making back to the Golden State.

German Employer of Autistic Professionals to Acquire MindSpark

An award-winning German firm that employs professionals with autism across Europe is acquiring Santa Monica–based MindSpark Inc. to mark its entry into the U.S. market.

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Boring Company Picked to Build Tunnel to Chicago Airport

Elon Musk’s Boring Company was selected by the city of Chicago on June 14 to provide an express tunnel service between downtown Chicago and O’Hare International Airport, a milestone for the company that comes amid uncertain progress on its Los Angeles demonstration tunnel.

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Women's Council & Awards 2018: Transforming Organizations

Custom Content by the Los Angeles Business Journal

During times of uncertainty most businesses tend to focus on getting the company back on track, and they forget the most important part of the business: their employees and their foundation.

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Women's Council & Awards 2018: Bank of America Los Angeles - A Century of Commitment to Women’s Equality

Custom Content by the Los Angeles Business Journal

For nearly 100 years, Bank of America has been investing in the financial and career success of women customers and employees

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Women's Council & Awards 2018: How Women can Break the Cycle of Abdication and Take Control of their Wealth

Custom Content by the Los Angeles Business Journal

Two major trends are profoundly impacting women. One, women are living longer – longer than men.

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Women's Council & Awards 2018: Nominees

Custom Content by the Los Angeles Business Journal

Brenda Acosta Altair Instruments/ StrenuMed Dolores Adams 7th Floor Janis W. Adams Academic Achievers

ICM Partners Announces Alliance with Video Game Talent Agency

Prominent talent agency ICM Partners announced June 14 a partnership with Evolved, a talent agency that focuses on representing e-sports players.

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Study Ranks Wonderful Co. as Top Growth Leader in Produce, Consumer Packaged Goods

Los Angeles-based Wonderful Company was named the no. 1 growth leader in produce and no. 1 in consumer packaged goods last year, according to a study released June 14 by the Boston Consulting Group and market research firm IRI.

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Wednesday, June 13

Silicon Beach Report June 13: Ring Set to Launch Home Security System

After delay, Ring plans to ship DIY security system by July 4; TenantBase pulls in $10.7 million funding round; Revolve contemplates whether to pull trigger on IPO

Comcast Outbids Disney for Fox Assets With $65B Offer

Comcast Corp. has placed a $65 billion all-cash bid for the same film and television assets that 21st Century Fox had agreed to sell to Burbank-based Walt Disney Co. for about $52 billion.

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NetSol Expands Board

Shareholders of NetSol Technologies Inc. elected two new members to the board of directors at the company’s annual meeting on Tuesday.

Paul Marciano Resigns from Guess Inc.

Following a months-long investigation into sexual misconduct allegations, downtown-based apparel brand Guess Inc. announced the resignation of co-founder Paul Marciano as executive chairman of the board in a Securities and Exchange Commission filing on June 12.

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L.A. Poised to Host Games Following Winning Bid for 2026 World Cup

The day before the 2018 World Cup hosted its first match, FIFA, the International Federation of Association Football, announced that the U.S., Mexico and Canada will host the 2026 games.

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L.A. Area Annual Inflation Rate Rises to 4.1 Percent as Gas Prices Spike

The local inflation rate rose to 4.1 percent year-over-year in May, driven by a spike in energy prices, according to federal data released June 12.

ZipRecruiter Moves to New 45,000 SF Space in Santa Monica

ZipRecruiter Inc. has moved its headquarters into 45,000 square feet of office space at 604 Arizona Ave. in Santa Monica, consolidating what were two offices in the city.

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Tuesday, June 12

Judge Approves AT&T Bid for Time Warner

A federal judge has approved AT&T Inc.’s acquisition of Time Warner Inc., the parent company of Warner Bros. Entertainment in Burbank.

Taft Building in Hollywood Sold for $70 Million

The Taft Building, located on the famed corner of Hollywood and Vine, has been sold in an off-market transaction to a joint venture of El Segundo-based developer Ocean West Capital Partners and Westbrook Partners of New York for approximately $70 million, according to sources.

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PeproMene Bio Receives $40 Million

Biotech firm’s immunotherapy drug was developed at City of Hope

PeproMene Bio Inc., an Irvine-based biotechnology company with a blood cancer immunotherapy licensed from City of Hope, has received $40.2 million in investor funding.

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Silicon Beach Report June 12: Bird Looking to Raise More Cash at $2 Billion Valuation

Bird Scooters seeks $2 billion valuation; cannabis lifestyle media company raises $8 million series A; Phyn adds Devesa to executive team.

Cannabis Media Company Prohbtd Media Raises $8 Million

Prohbtd Media Inc., a cannabis media company based in Culver City, has raised $8 million in a series A funding round.

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Rolling Hills Medical Building Sold for $12.7 Million

Dayani Partners, a Beverly Hills-based real estate investment company, has purchased a four-story, 34,000-square-foot medical office building at 501 Deep Valley Drive in Rolling Hills Estates for $12.7 million, or about $398 per square foot.

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Los Angeles Advertising Ticks Up, Study Says

Advertising targeted to consumers in the Los Angeles television market is set to tick up about 5 percent, according to projections provided by Virginia-based BIA Advisory Services.

New COO at KB Home

KB Home has named Matthew Mandino as the Westwood-based homebuilder’s newest chief operating officer.

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Air Lease Corp. to Sell $500 Million in Notes

Air Lease Corp., a global aircraft leasing company based in Century City, has announced the pricing of $500 million in unsecured senior notes.

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Marina del Rey Warehouse Sold for $22.3 Million

Westside-based Montana Avenue Capital Partners has purchased a 56,300-square-foot warehouse located at 5005 McConnell Ave. in Marina del Rey for $22.3 million or $396 per square foot from Maria Creative Office of Mustang, Okla.

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UCLA Leads the Nation in Kidney Transplants

UCLA Health led the nation last year in the number of kidney transplants, with a record 363 surgeries performed at its Westwood campus, the university announced.

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Wilson Named Chief Executive at Manatt Phelps & Phillips

Bill Quicksilver will step down as Manatt Phelps & Phillips’ managing partner and chief executive officer next year and will be replaced by Donna Wilson, who currently chairs the law firm’s privacy and cybersecurity practice.

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Monday, June 11

Meyer and Renee Luskin Give $1 Million to Orthopaedic Institute for Children

Los Angeles philanthropist and businessman Meyer Luskin and his wife Renee have donated $1 million to the Orthopaedic Institute for Children in downtown, the hospital announced June 11.

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Silicon Beach Report June 11: L.A. Football Club Testing Biometric Ticketing

Los Angeles Football Club Testing Biometric Ticketing; Snap Inc. Allows App Users to Delete Messages; Boring Co. Flamethrowers Hit the Streets

Marlin Snaps Up Hospitality Television, Internet Providers

Marlin Equity Partners, a Hermosa Beach-based private equity firm, announced June 11 that it has acquired two companies that provide television, internet and phone services to hotels, hospitals and other commercial buildings.

LAFC Adds Biometric Options for Gameday Entrance

Fans looking to enter Banc of California Stadium may soon be able to scan their fingerprint instead of presenting a physical or digital ticket.

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IHOP Rebrands – Temporarily – as IHOb

IHOP is temporarily changing its branding to IHOb as part of a marketing campaign to introduce a new line of burgers, the restaurant announced June 11.

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PolyCera Raises $9 Million Series A

Inglewood-based PolyCera Membranes, makers of industrial wastewater treatment and process separation technology raised a $9 million Series A funding, the company announced June 11.

Real Estate Accounting Expert Stan Ross, 82

Obituary

Stan Ross, who had a major and profound influence on real estate accounting through his long career, died at age 82 on Sunday from complications of a stroke.

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Biotech Mogul Patrick Soon-Shiong to Launch Nant IPO

Los Angeles billionaire Patrick Soon-Shiong may soon add another public company to his stable of biotechnology firms, a spokeswoman said on June 11.

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L.A. Jobs on the Line as Opponents Battle $62 Billion Takeda Buyout of Shire

A group of shareholders that includes the founding family of Takeda Pharmaceutical Co. Ltd. of Japan aims to scuttle a $62 billion acquisition of Shire Plc. The outcome could affect Shire jobs in Los Angeles.

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Friday, June 8

Silicon Beach Report June 8: CapLinked Joins with Civic Technologies

CapLinked Partners with Civic Technologies on Digital Security Venture; Bad Robot Partners with Tencent on Gaming Venture; Venice Marketing Startup Signs Up 3,000 Influencers

HyreCar Set for $14.5 Million IPO

HyreCar Inc., a peer-to-peer car sharing company based in Los Angeles, filed June 8 an amended prospectus for an initial public offering that could raise as much as $14.5 million for the company. The company did not set a date for the offering, but said it will list on the Nasdaq under the ticker symbol HYRE.

Five-Building, 27-Acre Campus in Torrance Sold for $124M

Minneapolis-based real estate firm FRM Associates has purchased a five-building, 574,000-square-foot, 27-acre campus at 3100-3110 Lomita Blvd and 3121 Skypark Drive in Torrance for $124 million, or $216 per square foot, nearly double what its sellers paid for it in 2016, according to CoStar Group Inc.

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Archytas Ventures’ Xtraction Services Raises $2.8 Million in Oversubscribed Round

Archytas Ventures, a Century City-based holding company that specializes in the cannabis industry, has led a nearly $3 million oversubscribed round for one of its equipment companies.

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STYLE | Sold on Sophistication

Sally Forster Jones • Compass

Sally Forster Jones, executive director of luxury estates for Compass real estate in Beverly Hills, occupies a fourth-floor-view office on Wilshire Boulevard.

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ESCAPE VELOCITY

Entertainment ventures hunt movie licenses

Escape rooms turn to movies to help with marketing, hope to convince studios it’s a two-way street.

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Fragrance on Fairfax

Entrepreneur embraces natural ingredients, Heretic label

Fragrance entrepreneur at it again.

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Snap Pulls Top Execs Up – On Average

COMPENSATION: Spiegel accounts for bulk of jump

Snap Inc. pay packages pull average compensation way up for highest-paid chief executives, non-CEO executives in L.A. County.

COMMENTARY: Mind Gap on Water ‘Haves’ and ‘Have Nots’

California boasts the world’s fifth-largest economy.

COMMENTARY: Home Field for USC?

The tumult at USC has been a long time in the making as various scandals piled up.

Mixed-Use Development Part of Fairplex Future?

Greenbelt could circle residential development near Metrolink station

Fairplex sheds light on live-work-play ambitions for facility’s development.

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Providence on Trend With Strategic Direction

Hospital chain part of trend with expansion of digital, off-campus patient services

Providence St. Joseph Health lays out strategic plan for L.A. County operations.

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Drucker Enlists J.D. Power on Company Ranking

Annual publication rates nearly 700 large-cap, U.S.-based companies

Drucker Institute at Claremont Graduate University partners with J.D. Power and Associates on the annual Drucker Institute Co. Ranking.

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Deals & Dealmakers: More Marijuana Millions

MedMen shells out $53M for Florida grow op one week after public listing

MedMen Enterprises follows up public listing in Canada with $53 million acquisition in Florida.

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Headspace Inc. Wants to Fill Meditation Rx

Envisions therapy as part of medicine “at scale”

Santa Monica-based Headspace Inc., developer of a meditation app used by millions, plans to start a digital health subsidiary with a goal of building the world’s first prescription meditation platform.

Honest Co. Draws $200M Investment

MARKETING: L Catterton backs Alba venture

Playa Vista-based Honest Company Inc. got a $200 million minority investment from private equity firm L Catterton last week.

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WeWork Adds El Segundo

REAL ESTATE: Attributes move to spillover of demand from Santa Monica

WeWork adds three floors in El Segundo office tower.

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PAGE 3: Perspective on Progress of Post-Recession Years

It’s clear – even amid increasing chatter that the current cycle might be near peak – that L.A. has risen to a new level in these post-recession years.

Women Scarce on CEO Pay List

EMPLOYMENT: Only 2 on top 50, both no longer at helm

Women CEOs are rare in general, more so on best-paid lists.

Jewish Journal Eyes Big Apple

MEDIA: Expansion would follow controversial makeover

The Jewish Journal sets its sights on expansion in New York.

Is Health Care Pipeline Up to Task?

HEALTH CARE: Study says worker shortage on horizon

Demographic trends point to labor shortages in fast-growing segments of industry in L.A.

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Thursday, June 7

London-Based Arup Engineering Taking 66,000 SF in Wilshire Grand

London-based Arup Engineering is moving its regional office from Playa Vista to downtown Los Angeles after signing a 15-year, $57 million lease for 66,000 square feet at the Wilshire Grand office tower, located at 900 Wilshire Blvd.

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WeWork to Open First El Segundo Location

WeWork Cos. Inc. plans to open three floors of space at Pacific Corporate Towers, located 222 N. Sepulveda Blvd in El Segundo in the fall of this year.

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Silicon Beach Report June 7: Snap Eyes Ticket Sales with New Feature

Snap rolls out ticket-purchase option, Insomniac launching VR collab with Oculus, Honest Company lands $200M investment.

City Sues Van Nuys Motel in Criminal Crackdown

Los Angeles City Attorney Mike Feuer has filed a lawsuit against the owners of the Hyland Motel on Sepulveda Boulevard in Van Nuys seeking an injunction to curb alleged drug sales, prostitution and violent gang crime at the property, the city attorney’s office announced Thursday.

MedMen to Pay $53 Million for Florida Pot Nursery and Dispensary Rights

MedMen Enterprises Inc., a Culver City-based cannabis company that went public last month, has agreed to pay $53 million to acquire a pot nursery and its medical marijuana licenses in Florida.

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OSI Systems Gets $10 Million Contract

Hawthorne-based OSI Systems Inc. announced June 7 that it received a $10 million contract to install its explosive detection system at “a European Union airport.”

American Jewish University Names Jeffrey Herbst as New President

American Jewish University in Bel-Air has named former Newseum and Colgate University president Jeffrey Herbst as its new president, succeeding longtime leader Robert Wexler, the university announced June 6.

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Wednesday, June 6

Honest Company Receives $200 Million Investment

Playa Vista-based Honest Company Inc. announced June 6 that it received a $200 million minority investment from private equity firm L Catterton.

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Vegan Butterbeer Wanted

Harry Potter fans rally to add vegan option at Universal Studios theme parks

It’s going to take a little more than magic for a group of Harry Potter fans pining for vegan butterbeer on the menu at the Wizarding World of Harry Potter parks at Universal Studios, including the Universal City location.

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Silicon Beach Report June 6: Meditation Co. Headspace Aims for Health Care

Headspace Seeks Prescription Status; Rocket Lab Plans Upcoming Launch; Sonos Drops New Speaker.

Headspace Creates Rx Meditation App

Headspace Inc., a Santa Monica-based tech firm with a meditation app used by millions, has launched a digital health subsidiary to develop the world’s first prescription meditation platform.

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South Pasadena Office Building Sells for $30.7 Million

Genton Cockrum Partners, a West Hollywood-based developer, has sold a three-story, 92,500-square-foot office building at 625 Fair Oaks Ave. in South Pasadena for $30.7 million, or about $332 per square foot, with a 4.3 cap, to GreenBridge Investment Partners, a Beverly Hills-based commercial firm, sources said.

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H Code Inks Marketing Deal With National Hispanic Leadership Group

Santa Monica’s H Code Media announced June 6 that the Hispanic Heritage Foundation selected H Code to do digital marketing for the Washington, D.C. non-profit.

Tuesday, June 5

Frontier Air Adding Daily Service from Ontario Airport to Orlando

Frontier Airlines announced June 5 it is adding daily, non-stop service from Ontario International Airport to Orlando International Airport in August.

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Pepperdine Graziadio Launches Executive DBA Program

The Pepperdine Graziadio Business School announced June 5 it is launching in the fall an Executive Doctorate of Business Administration program which will further develop skills for executives through courses and research.

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Silicon Beach Report June 5: ICO Watchdog Looks to Crackdown on Cryptocurrency Fraud

East Coast accelerator brings program to Los Angeles; cryptocurrency company aims to reduce ICO fraud; Elon Musk’s tunnels approved in Hawthorne

Coinstar to Feature Provision Holographs at Kiosks

A holographic advertising display, powered by Chatsworth-based Provision Interactive Technologies Inc., will be available on Coinstar LLC’s coin-counting kiosks in most Giant Eagle supermarkets, Coinstar announced Tuesday.

Fat Brands to Open More Restaurants in Indonesian Market

Beverly Hills-based Fat Brands Inc. is planning to expand its international footprint by opening at least five of its Fat Burger and Buffalo Express restaurants in Bali and Jakarta, Indonesia, the company announced June 5.

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Father's Day Gift Guide: Moms Know What Dads Want This Father’s Day

Custom Content by the Los Angeles Business Journal

A survey conducted by Swagbucks, an online rewards program, sheds some light on what dads want on Father’s Day.

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Father's Day Gift Guide: Classic Pens in Statement Colors

Custom Content by the Los Angeles Business Journal

Writing instruments and accessories that set the tone in Viper Green, Gulf Blue, India Red

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Father's Day Gift Guide: Zenith’s Chronomaster Watch Reveals Itself Completely

Custom Content by the Los Angeles Business Journal

Providing an unobstructed view of its legendary mechanism, the famous automatic Zenith Chronomaster El Primero “Full Open” wristwatch is aptly named, since it can now reveal the heart of its performance and precision thanks to a dial that is now entirely open – and “openworked.”

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Father's Day Gift Guide: Dads Head out to the Ballgame as Father’s Day Spending Continues to Climb

Custom Content by the Los Angeles Business Journal

Americans are expected to spend more than ever on gifts for Father’s Day this year with the biggest share going to special outings like a ballgame, concert or dinner, according to the National Retail Federation’s annual survey conducted by Prosper Insight & Analytics.

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Report: Strong Life Sciences Industry in California Could Be Curtailed By High Housing Costs

The life science industry in California remains robust, with more than 360,000 jobs in biotechnology, medical devices and diagnostics – but the soaring cost of real estate may impact its future ability to compete, according to a new study.

Monday, June 4

Milbank Ups Pay for Associates

Milbank Tweed Hadley & McCloy announced June 4 a $10,000 pay increase to $190,000-a-year for starting lawyers.

Silicon Beach Report June 4: PlayVS Raises $15 Million Series A

E-sports Company Raises $15M on High School Gaming League Prospect; Jay Goss Details Strategy for New Health Care Fund; AeroVironment Divests Energy Unit for $35 Million

Forever 21 to Ban Mohair in Clothing

Lincoln Heights-based clothing retailer, Forever 21 Inc., joins a list of companies planning to phase out mohair in their garments by 2020 after a video produced by People for the Ethical Treatment of Animals showed mistreatment of the animals that are the source of mohair – goats.

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Tamara Mellon Brand Inc. Raises $23.6 Million in Funding

Beverly Grove-based shoe company Tamara Mellon Brand Inc. has raised $23.6 million from investors according to a May 30 U.S. Securities and Exchange Commission filing.

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Who's Building L.A. (June 4): The Mayumi Launches Creative Residential Stay Alternative

Custom Content by the Los Angeles Business Journal

The Mayumi, a new residential concept by HQ Development, is located in the epicenter of Culver City.

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Garcetti Taps Michel Moore as Next LAPD Chief

Los Angeles Mayor Eric Garcetti on June 4 named First Assistant Chief Michel Moore as the next chief of the Los Angeles Police Department, succeeding Charlie Beck, who is set to retire June 27.

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Who's Building L.A. (June 4): Freehand LA Hotel - LOS ANGELES

Custom Content by the Los Angeles Business Journal

The Freehand LA hotel is an adaptive reuse and upgrade of LA’s historic, 116,230 square foot Commercial Exchange Building, located at 8th and Olive Streets in downtown LA.

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Who's Building L.A. (June 4): Local Partners Help Bring Creative Workspace Concepts to Life

Custom Content by the Los Angeles Business Journal

The Los Angeles region offers a wealth of resources for a company like Tangram Interiors to tap into for its highly creative commercial workspaces.

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Who's Building L.A. (June 4): Hudson Pacific Properties and Macerich Form Joint Venture to Redevelop Westside Pavilion as Creative Office in West Los Angeles

Custom Content by the Los Angeles Business Journal

Redevelopment to Provide Approximately 500,000 Square Feet of Creative Office in a Prime Los Angeles Location Adjacent to Freeways and Public Transportation

Canyon Partners Real Estate and Pasadena-based CIT Bank Buy Harvey Apartments in Hollywood

Century City-based investment firm Canyon Partners Real Estate and Pasadena-based CIT Bank have purchased the Harvey Apartments in Hollywood.

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Who's Building L.A. (June 4): What We Talk About When We Talk About Creative Office

Custom Content by the Los Angeles Business Journal

Creative Office is a funny term.

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Who's Building L.A. (June 4): Dollar Shave Club Headquarters - MARINA DEL REY

Custom Content by the Los Angeles Business Journal

Dollar Shave Club creates memorable experiences that are innovative, affordable, and convenient.

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Clearlake Capital Portfolio Company Acquires Amcor Industries

Wheel Pros, a portfolio company of Santa Monica-based private equity firm Clearlake Capital, announced June 4 the acquisition Amcor Industries Inc. of Vernon.

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Digital Agency H Code Signs Deal With El Salvador Outfit

H Code Media, a digital advertising company for the U.S. Hispanic market, announced May 15 a partnership deal with La Prensa Grafica, a more than 100-year-old publishing company in El Salvador with multiple websites.

Friday, June 1

Silicon Beach Report June 1: Live TV Growth Spurs Hulu Reorganization

Hulu Shakeup Includes Three Departures, Two Hires; Commercial Payload on SpaceX’s Falcon Heavy Could Come by Year’s End; Cache Creek Industries Acquires Mountain Secure

RBC Wealth Management Recruits Merrill Lynch’s Johnson Prince Team

Johnson Prince Group, a Century City-based wealth management trio that managed $610 million in assets for Merrill Lynch, has jumped ship to join RBC Wealth Management.

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Downtown-Based CBC Bancorp Goes Private

CBC Bancorp, the holding company for Commercial Bank of California, has gone private after an internal reorganization and a year of accelerated growth.

State Bill Requiring Plastic Microfiber Labeling on Clothing Dies

A proposed state legislation advocating for warning labels on some garments made from synthetic fabrics, which can shed plastic microfibers, is no longer on the assembly floor.

WeHo Wants Rail Connection

TRANSPORTATION: City pushes for Olympics deadline

West Hollywood hopes to shorten timeline on Metro rail connection.

Roadblock for Musk’s Tunnel?

Westsiders want review; council could reconsider committee’s exemption

Elon Musk’s plans for a Westside tunnel could stall after lawsuit, city attorney advisory.

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Brennen Degner

20 in their 20s

D & B Capital Partners and Arrowroot Real Estate in Santa Monica are real estate-focused private equity groups, while D & B Properties provides property and construction management services.

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Call to Maintain Pace of Infrastructure Funding

Infrastructure is critical to our economy, society, security and future. Maintaining and building Southern California’s roads, bridges, rail systems, ports, airports, water and sewer systems, energy grids, and more, assures that our economy remains competitive, prosperous, and solid.

L.A., OC & FDI

There’s plenty to cheer in “Foreign Direct Investment in Southern California 2018,” a report issued last month by the World Trade Center Los Angeles along with the Los Angeles County Economic Development Department, American Airlines and Pepperdine University’s School of Public Policy.

STYLE | Stand Up Guy

Paul Weiss • City National Bank

Paul Weiss, executive vice president and manager of residential lending at City National Bank, had significant input on the design of the bank’s second downtown space.

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Bird’s San Francisco Operations Up in Air

Last-mile scooter outfit faces cease-and-desist order as city reviews permits

Santa Monica-based Bird is back in the news now that the city of San Francisco has decided to require that “last-mile” scooter-sharing companies apply for permits or face penalties.

Trump’s Move on China Brings Uncertainty

List of goods targeted for tariffs expected from White House on June 15

Latest from Trump administration on China trade injects uncertainty into the local economy.

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Deals & Dealmakers: EP Wealth Adds Donnelly

Second acquisition of 2018, third in the last 12 months; funded by outside capital

EP Wealth Advisors adds $420 million to assets under management with acquisition of Donnelly Wealth Advisors.

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Chamber’s New Champion

L.A. business group breaks ground with choice of Latina chief executive

Corporate veteran takes helm as first woman chief executive for Los Angeles Area Chamber of Commerce.

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Kennedy Wilson Deal: 6 Properties, $422M

2,200 apartment units spread over 4 states

Beverly Hills-based real estate investor Kennedy Wilson last week announced the $422 million sale of six apartment complexes across four states.

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BizFed Survey Finds Growing Concerns on Housing, Homelessness

ECONOMY: Taxes still top annual poll of business owners, execs

The cost of housing and the growing homeless population have moved way up on the list of concerns voiced by local businesses in an annual poll conducted by the Los Angeles County Business Federation, or BizFed.

Molina Identified as Backer of New Publication in Long Beach

MEDIA: Investment appears to set up competition with Press-Telegram

John Molina’s investment firm set to back new publication in Long Beach.

Milken’s Museum, Puck’s Menu, Murdoch’s Flowers

Anyone else hear that Michael Milken and his family’s foundation plan to establish a museum in Washington, D.C., giving it some prime space in the old Riggs National Bank building near the White House?

Demi Marchese

20 in their 20s

12th Tribe in West Adams is a women’s fashion business.

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Scott Fisher

20 in their 20s

Carthay-based Select Management Group is a talent management and entertainment group.

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Nate Wilson & Thomas Moulia

20 in their 20s

HealthTensor in Santa Monica uses artificial intelligence to automatically review patient data, diagnose the most common medical conditions and create documentation for physicians.

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Ryan Olliges

20 in their 20s

121C Inc. in Gardena sells skateboards made from upcycled carbon fiber, sourced from the waste of spacecraft production. Elevated Materials is a carbon fiber product manufacturing company making flat panels and contract parts. Space Division Inc. sells office furniture.

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Victor Cantey

20 in their 20s

VC Visions is an East Los Angeles-based media production and photography company.

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Masha Evans

20 in their 20s

DJ Maasha Events in Los Angeles provides DJ, MC and lighting services for private and commercial events in Los Angeles.

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Tim Ellis & Jordan Noone

20 in their 20s

Inglewood-based Relativity Space has created the world’s largest metal 3D printer to 3D print its own rockets and launch satellites into space. Relativity’s process cuts rocket part count by 100 times and enables rockets to be built in days instead of years.

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Aubrey Sieder

20 in their 20s

Boyle Heights-based Strut This produces premium fitness fashion for women.

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Margo Lang

20 in their 20s

Conscious Period is an organic feminine care company in Downey that offers 100 percent organic cotton tampons.

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Sam Seidman & Ryland Arnoldi

20 in their 20s

Wrapped is a Venice-based art studio.

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Tiffany Orli Hakimianpour

20 in their 20s

Santa Monica-based Handstand is a free app that lets you book a background checked trainer or instructor on demand and in person for a workout of your choice – at any time and in any place.

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Andrew Kozlovski

20 in their 20s

Brainz Power in University Park is a biohacking company that developed a nootropic, supplements combined in a Food and Drug Administration-approved laboratory that aim to support cognitive brain functions such as mental clarity, memory and focus.

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Bryan Gerber

20 in their 20s

Hemper in Mid-Wilshire sells monthly subscription cannabis boxes, limited-edition celebrity-curated boxes and third-party and original smoking products through an online head shop. The company also sells to distributors and has a manufacturing plant in India.

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Jacqueline Lowy

20 in their 20s

Santa Monica-based Sourced Intelligence is a private intelligence and consulting firm providing digital investigations, open source intelligence training and security consulting.

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David Maliglowka

20 in their 20s

Give Drops Inc. in Exposition Park provides and builds software for e-commerce companies to set up online donation programs.

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Beatrice Fischel-Bock

20 in their 20s

Los Angeles-based Hutch is a platform and mobile app that mixes 3D technology with online shopping to let you virtually decorate your space.

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Tracy Lawrence

20 in their 20s

Chewse in Santa Monica delivers meals and happy hours to companies from local restaurants using its own drivers and meal hosts.

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Mohamed Nasr

20 in their 20s

West Hollywood Development and Associates in Beverly Hills is a residential real estate development company.

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Laura Hertz

20 in their 20s

Gifts for Good in Westwood (as of June 10) is a business gifting company that offers gifts for companies and individuals made by nonprofit or social enterprise partners to support their own missions.

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20 in their 20s

SPECIAL REPORT

A look at young entrepreneurs and the influences, conditions shaping their ventures.

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STREAM DREAMS

L.A. outfits eye ads, subscriptions for live music shows

Live concert streaming venture LiveXLive and other L.A.-based outfits aim to find profits from ads, subscriptions or a combination of both.

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$18.7B for Top Minority Firms

ECONOMY: Largest combine for 6.4% hike in revenue

The 100 largest minority-owned businesses based in Los Angeles County combined for $18.7 billion in revenue in 2017, up 6.4 percent from a year earlier.