Stories for March 2018

Friday, March 30

Next Frontier in Telemedicine Is Here

When men and women reach their golden years, their primary focus is usually set on enjoying fulfilling, albeit slower, lifestyles.

LAX Adds Local Food to Menu

Restaurants key to “sense of place” in newly renovated terminal

Los Angeles International Airport’s newly renovated Terminal 1 will offer travelers several examples of local flavor when completed this fall, including newcomer Trejo’s Tacos of Larchmont and Manhattan Beach-based sit-down restaurant Rock & Brews.

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Silicon Beach Report March 30: Female-Focused Venture Fund Raises $10.4 Million

Female-focused venture fund raises $10.4 million; Los Angeles tech workers data released; SpaceX gets approval to build satellite-powered broadband network.

Custom Content: Top International Planning Opportunities for L.A.-based Tech & Manufacturing Businesses

Los Angeles Business Journal

L.A.-based Technology and Manufacturing businesses - whether owned by U.S. or foreign investors - now have significant international business opportunities intentionally created by recent U.S. tax reform.

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Port of Los Angeles to Get a $130M Container Staging Hub

Project will be able to handle 3,500 daily truckloads

Macquarie Principal Finance, a subsidiary of the Australia-based financial services firm Macquarie, has agreed with the Harbor Performance Enhancement Center, a public-private partnership, to provide funds for the $130 million development of a 5.5 million-square-foot container staging hub on Terminal Island at the Port of Los Angeles.

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City of Hope to Open First Orange County Facility

Duarte medical care provider City of Hope will open a $200 million cancer center at the Great Park Neighborhoods in Irvine.

Another Kind of Residuals

Repurpose Inc. makes line of tableware from sugarcane stock, other plant-based byproducts

Lauren Gropper’s career was rooted in environmental design, so founding and running a compostable tableware company was a natural evolution – but not a straight line.

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Galaxy Signs Kinecta; LAFC Starts Fast

Local credit union gets naming rights, advertising space and partnership deal

Kinecta Federal’s new deal with the L.A. Galaxy.

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Cedars Hosts VR Pain Management Conference

Doctors look to mitigate pain, reduce reliance on opiates with VR tools

Cedars-Sinai is among the early VR adopters.

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Deals & Dealmakers: Firm Sees Symbiosis as Strategy

Fifth Wall Ventures doubles employee count.

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Medical Makeover

California Hospital is pouring $215 million into downtown campus.

Dignity Health California Hospital Medical Center, the only trauma center in downtown, is poised for a $215 million makeover to make it earthquake safe and serve a growing population there.

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Page 3: Great Expectation for Chairman Cho’s Eatery

A blend of local, national and global influences arrives with word on the street downtown, which has Korean Air Chairman Y.H. Cho planning a new restaurant in the Wilshire Grand, the new skyscraper that bears the carrier’s marque at 7th and Fig.

Steady Growth Seen in San Gabriel Valley

Jobless rate to dip; wage gains expected

San Gabriel Valley’s unemployment rate is expected to dip below 4 percent this year as the region gains about 7,500 jobs, according to a forecast released last month by Los Angeles County Economic Development Corp.

Make Sense on Census

Find room to consider exhortations on the upcoming U.S. Census alongside the usual claims about every election being “the most important of your lifetime.”

First Penthouse Tenant for Center West Building

Irongate leases office space; gets “improvement package” to renovate 23rd floor

Irongate Capital is moving to Westwood.

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STYLE | Delicate Shades

Chris Jackson I Lionshare Partners

Chris Jackson, founder and chief executive of Lionshare Partners financial planning firm, knows from experience that many potential clients are surprised when an athletic, 6-foot-4-inch, 240-pound, 35-year-old walks into the room.

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San Pedro Aims Higher as Tourist Attraction

Food & Beverage Museum opens, retail center in works, SpaceX interested

San Pedro has eye on regional tourists.

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Good Ride for Environmental Firms

Engineering, consulting jobs up 11%

The payrolls of local environmental engineering and consulting firms have grown over the past year as real estate development showed continued strength and municipalities tackled more infrastructure projects.

LA Weekly Aims to Change on Fly

HQ shift follows event cancellation amid boycott

LA Weekly will have a new office in downtown Los Angeles, new editorial staff and a new lineup of events by summer, according to its publisher.

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Banks Get Behind East L.A. Incubator

Focus on several groups seen as underserved

A general business incubator is coming to East Los Angeles, putting it in the mix of a trend that has already touched nearly every other area of the region.

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Thursday, March 29

Nearly 1M Square Feet Leased at Goodman Logistics

New Tenants Include Fashion Nova, RIM Logistics and Funai Corp.

The Sydney, Australia-based real estate firm Goodman Group has leased nearly 1 million square feet of logistics space at the fully-leased Goodman Logistics Center in Santa Fe Springs.

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Santa Fe Lofts in DTLA Purchased for $68.5M

The Sherman Oaks-based real estate investment firm MWest Holdings purchased the 11-story, 132-unit Santa Fe Lofts at 121 E. 6th St. in downtown Los Angeles for $68.5 million, or nearly $519,000 per unit, in partnership with GreenOak Real Estate of New York, with a $6 million rehab planned soon for the building.

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LVMH Buys Rodeo Drive Retail Space for $110M

Seller makes $55 million profit on property after one day

LVMH Moet Hennessy Louis Vuitton Inc. purchased a two-story, 6,200-square-foot retail property at 456 N. Rodeo Drive in Beverly Hills for $110 million – or nearly $17,750 per square foot – from Palm Beach, Fla.-based private equity group Sterling Organization, which had acquired the property for $55 million one day earlier.

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Silicon Beach Report March 29: Bumble Countersues Match

Bumble countersues Match; Snap announces additional firing round; Wondery gets $5 million.

Wednesday, March 28

Long Beach Airport Passenger Traffic Soared 11 Percent in February

Passenger traffic at Long Beach Airport jumped 10.9 percent in February from last year to more than 306,000, airport officials reported March 28

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OP Bancorp Sets Price for IPO

OP Bancorp, parent of Open Bank, set a price of $11 per share for its initial public offering of 2 million shares, which would yield a total offering size of $22 million, the downtown bank holding company announced March 27.

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Silicon Beach Report March 28: Fastadata.io Nabs $5 Million Seed Round

Fastadata.io nabs $5 million seed round; March Capital invested $5 million in SpyCloud; Beijing-based bike-sharing company ofo responds to Bird’s ‘pledge’

Fastadata.io Nabs $5 Million Seed Round

Fastdata.io, a real-time stream processing company, landed $5 million in seed funding from CrossCut, Pelion Venture and current investor NVIDIA.

2018 LABJ Awards Program & Calendar of Events

The Los Angeles Business Journal events connects business decision makers and business owners from all industries.

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$20M Gift to UCLA for State-of-the-Art Medical Simulation Center

A $20 million gift to UCLA will help construct a high-tech medical simulation center to train future doctors, the university announced March 28.

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Paramount Refinery Sold as Part of $72 Million Deal

A renewable diesel and jet fuel refinery in Paramount has been sold to Boston-based biofuel producer World Energy as part of a deal reportedly worth $72 million.

Tuesday, March 27

Bird Expands to Three New Markets, Announces Pledge

Bird, the Santa Monica-based electric scooter ride-sharing company, announced it has opened operations in San Francisco, San Jose and Washington, D.C. on the heels of a March 13 Series B round that raised $100 million.

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Westside Office Buildings Purchased for $42.5M

Boston-based Beacon Capital Partners has purchased two office buildings at 5220 and 5230 Pacific Concourse Drive in Los Angeles, near the 405 and 105 freeway interchange, from LBA Realty of Irvine for $42.5 million or $263 per square foot, according to sources close to the deal.

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Long Beach Apartment Complex Sells for $84.2M

Charleston, S.C.-based developer Greystar Real Estate Partners has purchased the 211-unit Pacific Court Apartments at 250 Pacific Ave. in Long Beach for $84.2 million, or nearly $400,000 per unit, according to CoStar Group Inc.

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Silicon Beach Report March 27: Foxconn Acquires Belkin for $866 Million

Foxconn acquires Belkin for $866 million; Relativity raises $35 Million; and Snapchat acquires PlayCanvas.

Foxconn Acquires Belkin for $866 Million

Foxconn, the Taiwanese manufacturing company that makes iPhones, announced the acquisition of Playa Vista-based Belkin for $866 million. The cash deal includes Belkin’s associated brands Linksys, Wemo and Phyn.

American Airlines Will Fly Non-Stop to Buenos Aires from LAX

First carrier to offer non-stop service from L.A.

American Airlines announced March 27 that it will launch in December the first-ever non-stop service between LAX and Buenos Aires.

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Monday, March 26

Linda Oubré Named President of Whittier College

L.A. native and San Francisco State University business school dean Linda Oubré has been named president of Whittier College, starting in July.

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Who's Building L.A. (March 26): Young Israel of Century City - CENTURY CITY

Custom Content by the Los Angeles Business Journal

Young Israel of Century City is much more than simply a beautifully reimagined building; it is truly the center of a close-knit community in the heart of West LA’s Jewish culture.

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Who's Building L.A. (March 26): BCG: Digital Ventures - MANHATTAN BEACH

Custom Content by the Los Angeles Business Journal

R&A Architecture + Design reimagined traditional open-office models to create an innovative and flexible workplace for the new North American Center for BCG Digital Ventures located in Manhattan Beach.

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Who's Building L.A. (March 26): Beverly Center - LOS ANGELES

Custom Content by the Los Angeles Business Journal

As a joint-venture, Jacobsen and Swinerton are under contract to execute the $500 million reimagination of Beverly Center, L.A.’s iconic shopping destination, envisioned by Taubman Centers, Inc. and Studio Fuksas.

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Who's Building L.A. (March 26): Working Together for a More Inclusive Industry

Custom Content by the Los Angeles Business Journal

It was interesting watching all the online posts and discussion during Women in Construction Week earlier this month.

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Silicon Beach Report March 26: Study Says SoCal Tech Scene Leaving $100B on Table

Study says SoCal tech scene leaving $100 billion on table; 2018 to bring more deals than 2017; and Chrissy Teigen latest celebrity to abandon Snapchat.

Who's Building L.A. (March 26): Highland & Franklin - HOLLYWOOD

Custom Content by the Los Angeles Business Journal

Just a few blocks from Hollywood & Highland and the Hollywood Bowl, the construction of the Highland & Franklin apartments is underway.

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Who's Building L.A. (March 26): Wilshire Grand Center - DOWNTOWN

Custom Content by the Los Angeles Business Journal

In the heart of downtown Los Angeles, the new Wilshire Grand Center rises, the tallest building west of the Mississippi.

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Jakks Pacific Evaluating Acquisition Offer

Jakks Pacific Inc. is working with Bank of America Merrill Lynch and outside legal advisor Skadden, Arps, Slate, Meagher & Flom to review a recent acquisition offer and begin negotiations.

CUSTOM CONTENT: The Importance of a Holistic Trusted Advisory Team

Trusted Advisors

There are many recommendations regarding who you should look to as your trusted advisor.

Engineering Firm KPFF Doubles Space to Consolidate Operations Downtown

Seattle-based engineering firm KPFF has negotiated lease for an additional 24,000 square feet of office space at The Bloc, located at 700 S. Flower St. in downtown Los Angeles, consolidating its local operations, according to Newmark Knight Frank.

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El Super Owner, Paramount-Based Bodega Latina Corp., To Acquire Fiesta Mart

Bodega Latina Corp., a Paramount-based subsidiary of Mexican supermarket giant Grupo Comercial Chedraui, has agreed to acquire Fiesta Mart of Texas to create one of the largest Latino markets in the U.S., company officials announced Monday.

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Friday, March 23

SoftBank’s Service Station

Long Beach-based chain has Tokyo powerhouse in corner, big ambitions

Long Beach’s United Pacific is the largest independent gas station/convenience store chain in the Western U.S. with annual revenue topping $3 billion.

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EVgo Lowers Electric Vehicle Charging Rates

Company looks to California as market leader, moves headquarters to L.A

Competition is charging up among makers of electric vehicle charging stations.

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Deals & Dealmakers: Clearlake’s Cash Haul

Firm closes $3.6 billion fund on heels of strong growth in 2017 deal volume

Clearlake Capital Group reels in largest fund to date.

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Festival Fashion Fever

Multi-day music gatherings are boost for fashion retailers

Local retailers find ‘festival season’ can carry them through the year.

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Downtown Bookie Bets on High Court

U.K.’s Smarkets hopes for sports wagering here

A case before the U.S. Supreme Court could lead to legal sports betting in California.

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La Brea Bakery Parent Closing Vernon Plant, Laying Off 109

The parent company of La Brea Bakery Café is closing a distribution plant in Vernon in late April and laying off 109 employees, according to a notice the company filed with the state.

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Westside Firm at Your Service: Files Claims for Delayed or Cancelled Flights

There were more than one million delayed flights in the United States last year and almost 100,000 other flights were cancelled or diverted, according to data from the U.S. Bureau of Transportation Statistics.

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Notable HQs & IQs at Hall of Fame Awards

The lament that Los Angeles is no longer a corporate headquarters town has been a constant to varying degrees for nearly three decades, stretching back to Security Pacific’s sale to Bank of America Corp.

Bioscience Boosts Local Jobs

Hike of 9.8%; 26,300 positions in area

L.A. County’s bioscience sector is seeing momentum in revenue, drug approvals and job growth.

#MeToo Movement Opens Doors for HR Provider

Bambee provides small- and medium-sized businesses with outsourced HR help

A Santa Monica-based startup is offering small businesses virtual HR and legal departments.

Zealous Advocate All Around: Glaser Built Firm’s Lineup of Lawyers Into an 'Embarrassment of Riches'

Business Hall of Fame 2018

Patricia Glaser has never shied away from a fight or backed down from her core beliefs in zealous advocacy and due process.

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All About Strategy: How Aecom’s Michael Burke Built a Behemoth

Business Hall of Fame 2018

Michael Burke got off to a bold start within days of taking over as chief executive of Century City-based engineering firm Aecom in March 2014 by approaching a larger rival about buying it out.

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Laurels for Leaders: Aecom Boss Burke Highlights Class of Annual Honorees

Business Hall of Fame 2018

The Business Journal honors business leaders by category for 2018.

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Radiology Group in Roll-Up Mode

$1.2B in backing; GE vet joins board

The nation’s largest physician-owned radiology practice recently passed the $1 billion fundraising mark.

LA County Unemployment Rate Holds Steady at 4.5 Percent

L.A. County’s unemployment rate in February was 4.5 percent, unchanged from January amid broad-based job gains for the month, according to state figures released March 23.

Zealous Advocate All Around

Glaser Built Firm’s Lineup of Lawyers Into an 'Embarrassment of Riches'

Patricia Glaser has never shied away from a fight or backed down from her core beliefs in zealous advocacy and due process.

Silicon Beach Report March 23: ServiceTitan Grabs $62 Million in Series C

ServiceTitan grabs $62 million in Series C; Elon Musk pulls Tesla and SpaceX Facebook pages; and MoviePass drops prices again.

Meruelo Group Buying SLS Las Vegas

The ownership transfer of the 1,616-room SLS Las Vegas Hotel & Casino to Downey-based management firm Meruelo Group has been approved by the Nevada Gaming Commission, the Meruelo Group announced on March 22.

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L.A. Weekly Abruptly Cancels Top Restaurants Event

L.A. Weekly’s "The Essentials” event was cancelled March 23, two days before the cuisine-themed soiree was set to take place at the California Market Center in downtown Los Angeles, according to the venue’s website.

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Professor as Entrepreneur: UCLA’s Belldegrun on to Next Biopharma Enterprise

Business Hall of Fame 2018

It wasn’t enough for Dr. Arie Belldegrun to operate as a cancer surgeon at UCLA and crank out hundreds of scientific papers on urological cancers, gene therapy and myriad other topics.

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Horne of Plenty: Head of CBRE’s Regional Operations has Ample Resources, Listening Skills

Business Hall of Fame 2018

Lew Horne knows what he doesn’t know.

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Vested in Biotech: Doumani, Business Center Boons for UCLA

Business Hall of Fame 2018

Roy Doumani has generated billions of dollars through a lifetime of real estate, finance, biotechnology ventures and education.

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Hope’s Guiding Hand: CEO of ‘Super-Regional’ Bank Likes Outlook for Korean-American Market

Business Hall of Fame 2018

Kevin Kim was an accountant and a lawyer before he got into banking.

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Conventions

Upcoming conventions

Calendar

Calendar of Evetns

OC’s Lesson for L.A.

The notion of “best practices” isn’t new to the community of business, and certainly shouldn’t be new to local government.

Gauntlet Thrown to City’s New Chief Design Officer

As L.A. attempts to build its way out of its housing affordability and homeless crisis, it matters more now than ever how a new project’s design speaks to a neighborhood.

STYLE | Getting in Gear

Terry L. Karges - Petersen Automotive Museum

When Terry L. Karges, executive director of Petersen Automotive Museum, talks about the institution, he’s more likely to compare the place to Disneyland than to nearby Los Angeles County Museum of Art or the California Science Center in Exposition Park.

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MGA’s Larian, Investors Pledge $200M in Crowdfunding Kickoff to Buy Toys R Us

Isaac Larian, chief executive of Van Nuys toy manufacturer MGA Entertainment Inc., has along with unnamed investors pledged $200 million to an online public crowdfunding campaign he created to save Toy R Us out of bankruptcy.

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ServiceTitan Raises $62 Million in Series C Funding

ServiceTitan, a Glendale-based software app for service professionals, announced $62 million in Series C funding. The funding round was led by Battery Ventures and will be used to expand the company from 400 to 500 employees by the end of the year, as well as for product enhancement and partnership expansion.

East Los Angeles College, OmniWorks to Launch Business Incubator

The East Los Angeles College Foundation and start-up support company OmniWorks are launching a business incubator and accelerator at East L.A. College in Monterey Park, the two entities announced on March 23.

Thursday, March 22

Aecom Invests in Denver Project

Two local real estate investment entities – Aecom Capital of Century City and Santa Monica-based private equity firm Mass Equities Inc. – have formed a partnership to finance and develop a mixed-use project in Denver’s art district, the companies announced March 22.

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Silicon Beach Report March 22: The Boring Company Named Finalist for Chicago Tunnel System

The Boring Company named finalist for Chicago tunnel system; Kozmo.com returns; and women in tech pressured to return early from parental leave.

Seritage Growth, Invesco Partner to Own the $145M Development in Former Sears Santa Monica Space

REIT Seritage Growth Properties and investment firm Invesco Real Estate have formed a joint venture partnership to own the 96,500-square-foot former Sears department store at 302 Colorado Ave. in Santa Monica, which is planned to be transformed into a $145 million office and retail development, the companies announced.

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Wednesday, March 21

Amazon Studios Leasing 75K SF of Office Space at Culver Steps

Amazon Studios, a subsidiary of Amazon.com Inc., will lease all of the 75,000 square feet of office space at the Culver Steps mixed-use development at 9300 Culver Blvd in downtown Culver City, Westside-based real estate investment firm Hackman Capital Partners announced.

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Latham & Watkins’ Voge Resigns After 'Lapses in Personal Judgment'

Latham & Watkins’s global chair and managing partner William Voge has resigned from the law firm and retired after voluntarily disclosing “the exchange of communications of a sexual nature with a woman whom he has never met in person and who had no connection to the firm,” the firm said in a statement.

Musk’s Tesla Pay Package Wins Shareholder Approval

Elon Musk’s new Tesla Inc. compensation package received the approval of 73 percent of company voting shares, according to a March 21 Securities Exchange and Commission filing made hours after a company shareholder meeting at its Fremont headquarters.

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Silicon Beach Report March 21: Aerospace Sets Tentative Arrival Date for Tiangong-1

Aerospace expects Tiangong-1 to land in early April; Maco.la launches fund aimed at blockchain; and Europe proposes tax on tech giants.

Leotis Joins Amblin as CFO

Amblin Partners named Christina Leotis its new chief financial officer in March 20 announcement.

Tuesday, March 20

$10M Gift for Cal Poly Pomona’s College of Hospitality Management

The founder of Collins Foods International, now known as Sizzler International, and his wife donated $10 million to Cal Poly’s Collins College of Hospitality Management in Pomona, the school announced March 20.

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Size-Inclusive Etailer 11 Honore Raises $8M from Redpoint Ventures, Others

A West Hollywood-based etailer selling designer clothing for women sizes 10 to 24 raised $8 million, the company, 11 Honore, announced March 19.

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Leslie Gonda, Aircraft Leasing Firm Co-Founder, Philanthropist, 98

Obituary

Leslie Gonda, a Hungarian Jew who escaped the Nazis under an assumed identity and went on to co-found an aircraft leasing firm with Steven Udvar-Hazy and then become a philanthropist, died March 16 at age 98, his family announced in an obituary notice.

La Brea Bakery Parent Closing Vernon Plant, Laying Off 109

The parent company of La Brea Bakery Café is closing a distribution plant in Vernon in late April and laying off 109 employees, according to a notice the company filed with the state.

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Silicon Beach Report March 20: UpKeep Lands $10 Million in Series A

UpKeep lands $10 Million in Series A; Bumble responds to Tinder; and 11 Honore receives $8 million funding round.

UpKeep Lands $10 Million in Series A

UpKeep, a Los Angeles-based facilities maintenance company, announced $10 million in Series A funding, led by Emergence Capital. As part of the deal, Kevin Spain, a partner at Emergence, will join UpKeep’s board.

Bankrupt Weinstein Company Finds Initial Buyer

One day after it filed for bankruptcy, the Weinstein Company Holdings announced in a March 20 court filing that it found an opening bidder to buy the company.

Single-Family Home Sales Slow, Median Prices Rise in So Cal

Sales of single-family homes in Southern California declined in February, although home prices in the region continued to rise due to a lack of inventory, according to the California Association of Realtors.

Weinstein Co. Files for Chapter 11 Bankruptcy

The Weinstein Co. filed for Chapter 11 bankruptcy protection on March 19 in U.S. Bankruptcy Court in Delaware.

Monday, March 19

Soon-Shiong’s NantOmics to Lay Off 52 Workers in Maryland

NantOmics LLC, a Culver City-based biotechnology company founded by Los Angeles billionaire Patrick Soon-Shiong, will slash 52 jobs at its Maryland office.

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Tronc Chairman Resigns Hours Before Sexual Misconduct Report Surfaces

Michael Ferro resigned as tronc Inc. board chairman March 19, hours before a news story came out that accused him of sexual misconduct.

2018 Automotive Review: Beyond Driving Pleasure - Innovative Luxury, BMW-Style

Custom Content by the Los Angeles Business Journal

As part of its forthcoming model offensive, BMW has developed a new presence for its luxury cars that sees the profile and positioning of the most exclusive members of its range refined into a distinct product category.

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2018 Automotive Review: Connected Car Growth Means Growth of Legal Concerns

Custom Content by the Los Angeles Business Journal

Recent headlines increasingly herald a new era in connected cars – from Avis/Budget’s agreement to purchase 10,000 connected Toyota vehicles, to reports of wireless payment systems being integrated into vehicles for drive through purchases.

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2018 Automotive Review: Serenity Through Technology - The Pioneering Bentley Bentayga Hybrid

Custom Content by the Los Angeles Business Journal

Bentley is today announcing full details of the world’s first luxury hybrid model.

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New Car Sales Up in January

New auto registrations in Los Angeles County surged 13.2 percent in January from the year prior, according to new data from Auto Outlook Inc. published by the Greater Los Angeles New Car Dealers Association.

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2018 Automotive Review: A New Addition to the Family - New Mercedes-AMG GT 4-Door Coupe

Custom Content by the Los Angeles Business Journal

More space, more power, more goosebumps – the new Mercedes-AMG GT 4-Door Coupe delivers driving experiences in new dimensions and extends the AMG model family.

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2018 Automotive Review: Porsche’s Look into the Future

Custom Content by the Los Angeles Business Journal

Porsche’s surprise unveiling of the Mission E Cross Turismo at the Geneva International Motor Show generated huge interest from the international media.

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2018 Automotive Review: Rolls-Royce 103EX Continues to Set the Agenda for the Future of Luxury Mobility

Custom Content by the Los Angeles Business Journal

Two years ago in 2016, Rolls-Royce rewrote the rulebook for the future of true luxury mobility by presenting the Rolls-Royce VISION NEXT 100 – codenamed 103EX – a radical vision of effortless, autonomous, connected, spacious and beautiful luxury mobility, as personal as each individual customer.

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Jakks, Nintendo Extend Toy Licensing Deal

Santa Monica-based toy maker Jakks Pacific Inc. has extended its global master licensing agreement with Nintendo.

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Executive Education (March 12): Principles of Motivation in Education

Custom Content by the Los Angeles Business Journal

Basic principles of motivation exist that are applicable to learning in any education situation.

Silicon Beach Report March 19: Self-Driving Uber Car Kills Pedestrian

Self-driving Uber car kills pedestrian; Tinder to sue Bumble; and SpaceX in expansion talks with Port of Los Angeles.

Executive Education (March 12): AACSB Anticipates a New Era in Business Education

Custom Content by the Los Angeles Business Journal

Last year, AACSB International (AACSB), the world’s largest global business education network, launched a new face for the future of business education through the rollout of a new brand identity.

Executive Education (March 12): Business Education at The Intersection Of Entrepreneurship, Culture And Theology

Custom Content by the Los Angeles Business Journal

Biola University’s Crowell School of Business, now in its 25th year, is one of the nation’s leading Christian business schools.

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Executive Education (March 12): Helping Working Professionals Access Higher Education With Ease

Custom Content by the Los Angeles Business Journal

The College of Continuing and Professional Education (CCPE) at California State University, Long Beach (CSULB) has something for everyone who wants to further their education.

Executive Education (March 12): Beyond Success - A Program That Prepares MBA Candidates for Immediate Impact

Custom Content by the Los Angeles Business Journal

The Executive MBA from California Lutheran University’s School of Management is designed for mid-career professionals who have already experienced some success and want to identify and achieve bigger goals in their careers.

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Executive Education (March 12): Driving Innovation and Entrepreneurship Across Disciplines

Custom Content by the Los Angeles Business Journal

You’ve read the headlines: the U.S. and global economy are undergoing unparalleled transformation.

Custom Content: New Era, Shared Future, The first China International Import Expo will be held in Shanghai, China

Los Angeles Business Journal

China International Import Expo (CIIE) is the first exhibition in the world themed on import and it will be held at National Exhibition and Convention Center (Shanghai) from 5 to 10, November 2018.

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Executive Education (March 12): Business School Graduates are More Desirable Hires as Industries Evolve and Globalization Increases

Custom Content by the Los Angeles Business Journal

The Executive MBA Council (EMBAC) recently announced the results of the 2017 EMBAC Membership Program Survey, which revealed more students are applying for Executive MBA (EMBA) programs to augment their skills as the workforce continues to globalize and new technologies emerge.

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Executive Education (March 12): Architecting the Sustainable MBA

Custom Content by the Los Angeles Business Journal

As we make our way through the tumultuous second decade of 21st century, a new vision is emerging to effectively address inequality, protect the planet and ensure well-being for all as part of our shared destiny.

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Friday, March 16

Firms See Business Spike on Harassment Fallout

Boost in demand for training sessions driven by fears of big verdicts

Sexual harassment claims are on the rise, and the demand for legal services goes well beyond litigation.

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Brisk Economy Boosts Ranks of L.A. Lawyers

Largest firms combine for 2.5 percent increase in ’17

The largest law firms in Los Angeles County showed steady growth in 2017 as the generally strong economy provided a boost across a range of practice areas.

Avalon’s Reason; Gray’s Statistic; Petersen’s Match

Looking for a break from the hammer and tong of partisan politics in the era of Trump? Check Howard Fine’s frontpage story on the call for a ticket tax on ferry and cruise ship passengers to and from Catalina.

Breitburn May Lower Tax Pain

Breitburn Energy Partners submitted an amended recovery plan last week that boosts cash payouts to holdout creditors.

Catalina’s Taxing Challenge

Avalon proposes levy to finance $60M hospital

Catalina proposes fee to fund the local hospital.

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Banks Make Own M&A Waves

Bankers got busy buying and selling banks between October and February.

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Deals & Dealmakers: CNB’s Rochdale Gets CIO

Peron arrives from EVP post at Northern Trust; year-long investment chief search ends.

New CIO for City National Rochdale

Another Insider for USC?

Interim head of Keck seeks dean’s job

USC Keck’s Dr. Laura Mosqueda is tasked with restoring the school’s reputation.

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New Design in South L.A.

Architecture firms flock to neighborhoods along Expo Line

Architecture and design firms are moving south of the 10 freeway.

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Small Businesses Can Make Energy Affordable

Among the most vital resources for California’s small businesses to have is an accessible and affordable energy supply.

Bullet Train of Thought

Give Governor Jerry Brown credit for knowing how – and when – to play for his legacy.

Survey Finds L.A. Top Target for Investors

Last-mile logistics, flexible space fuel CRE market; office, retail less important

The change in L.A. County home prices since the Great Recession.

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Independent Physicians Look for Business Support

Medical Association confab offers help on challenges of running own practices

Private practice doctors brush up on business skills.

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Restaurant Association Talks Trash for Members

Statewide trade group to gather comments, weigh in with L.A. City Council

State restaurant trade group weighs in on L.A.’s trash pickup dispute.

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Special Report: Banking & Finance

SPECIAL REPORT: Banking & Finance

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Next Year’s Tax Concerns Now

Details in a provision of the new tax law bring likely benefits but also confusion.

Silicon Beach Report March 16: Pray.com Raises $14 Million

Pray.com raises $14 million; Desilu Studios acquires Vonetize; and Clearlake Capital closes Fund V with $3.6 billion.

Clearlake Capital Closes Fund V with $3.6 Billion

Clearlake Capital Group, the Santa Monica-based investment firm, announced it completed fundraising for its Fund V at $3.6 billion.

Custom Content: 5 Ways to Get More From Your HR Technology Investment

Los Angeles Business Journal

Are you getting the most from your investment in Human Capital technology?

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STYLE | Buzzworthy Brand

Josh Zad I Alfred Inc.

Josh Zad, chief executive of Alfred Inc., parent of Alfred Coffee & Kitchen and Alfred Tea Room, may have a supersized latte in his hand, but these days his mind is on beer.

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MGA Entertainment, Investors Bid on Toys R Us Canada

MGA Entertainment Inc. and a group of affiliated investors have made a bid to acquire the operations of bankrupt Toys R Us in Canada.

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Stations Owned by Bankrupt iHeartMedia Dominate Los Angeles Radio Market

The March 14 Chapter 11 bankruptcy filing of iHeartMedia could have a major long-term impact on the Los Angeles radio market.

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Former CRA Execs Join Kennedy Wilson

Real estate investment firm Kennedy Wilson has tapped four former Corporate Realty Associates executive – including its president, Jeremy Dee – to its corporate office tenant representation business in Beverly Hills, the firm said in a statement.

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New Dean Appointed at CSUN Business School

Chandra Subramaniam is the new dean of the Nazarian College of Business & Economics at California State University – Northridge.

WeWork Leasing Two Floors at One Culver in Culver City

New York-based office-leasing startup WeWork will open a second Culver City-area location this year, leasing two floors at One Culver, the former Sony Pictures Plaza located at 10000 W. Washington Blvd. in Culver City.

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Thursday, March 15

So Cal News Group Investor Accused of Diverting, Concealing Investments

Los Angeles litigation outfit Quinn, Emanuel Urquhart & Sullivan LLP has sued Media News Group Inc., on behalf of Solus Alternative Asset Management, a New York City hedge fund that owns a 24 percent stake in the media company.

Silicon Beach Report March 15: Snapchat Posts Ad Referencing Domestic Violence, Stock Drops 4 Percent

Snapchat posts ad referring to domestic violence, stock drops 4 percent; Newegg becomes retail partner of Red Bull Gaming Sphere; and SpaceX wins $290 million government contract.

Stock Price Falls After Snapchat Posts Ad Referencing Domestic Violence

An ad for a Snapchat game asking Snapchat users whether they would rather “slap Rihanna” or “punch Chris Brown” drew criticism from Rihanna on another social media outlet and was soon followed by a 4 percent drop in the stock price for Snap Inc., the parent company of Snapchat.

Wednesday, March 14

Custom Content: Women Business Owners Invited

Los Angeles Business Journal

Women business owners invited to attend a FREE educational event to be held on May 1, 2018, presented by the Foundation of the Women Presidents' Organization

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Seyfarth Shaw Moving to 58K Square Feet in Downtown L.A.

The law firm Seyfarth Shaw is moving to slightly larger space downtown this summer after signing a long-term lease for 58,000 square feet at 601 S. Figueroa St., according to Brookfield Properties.

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Nanthealth Inc. Reports $175-Million Loss

Nanthealth Inc. of Culver City, part of a health care conglomerate owned by Los Angeles billionaire Patrick Soon-Shiong, on March 14 reported a net loss last year of $175 million, while revenue grew by 8 percent.

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Breitburn Looks to Exit Bankruptcy With New Plan, Agreement With Creditors

Days after a judge rejected its bankruptcy exit plan, Breitburn Energy Partners on March 13 submitted an amended recovery plan that boosts cash payouts to holdout creditors. A tentative agreement was also reached to limit tax liabilities for shareholders.

HQ Creative Purchases Santa Monica Office for $13.2M

Century City-based HQ Creative Office has purchased a three-story, 15,200-square-foot office building at 1522-1524 2nd St. in Santa Monica for $13.2 million, or around $861 per square foot.

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Capricor Therapeutics Inc. Earned $2.4M Last Year to Reverse Large Loss

Capricor Therapeutics Inc. of Beverly Hills earned $2.4 million last year while demonstrating promise for a cell-based therapy for Duchenne muscular dystrophy, according to a company report.

Silicon Beach Report March 14: Jam City Acquires Assets of Brainz

Jam City acquires assets of Brainz; SpaceX lands contract with DigitalGlobe; and Snoop Dogg’s Casa Verde Capital closes debut fund.

Tuesday, March 13

Architect Richard Meier Takes Leave of Absence Following Allegations

Architect Richard Meier, known for designing the Getty Center in Los Angeles, is taking a six-month leave of absence from his firm after the New York Times reported on March 13 that five women accused him of sexual harassment.

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Aecom Unit's Contract for Unmanned Airforce Training Aircraft Could Reach $961M

Aecom’s URS Federal Technical Services unit was awarded a contract of up to $961 million by the U.S. Air Force for training services for three types of unmanned aircraft, the Defense Department announced on March 9.

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WPromote Nabs Shamrock Capital Investment

Shamrock Capital, a Los Angeles-based private equity firm, announced March 13 that it has invested in El Segundo digital marketing company WPromote. Terms of the deal were not disclosed.

Los Angeles and Long Beach Ports Set New February Cargo Records

The local twin port complexes set new records for cargo movement in the month of February, both ports announced on March 13.

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Silicon Beach Report March 13: OpenX Reports Over $170 Million in 2017 Revenue

OpenX reports over $170 Million in 2017 revenue; Wpromote lands investment from Shamrock Capital; and Allison Checchi named COO of Atom Tickets.

OpenX Reports More Than $170 Million in 2017 Revenue

OpenX, a Pasadena-based programmatic advertising technology company, announced $172 million in 2017 revenue in a March 13 report. The company has grown for 10 consecutive years and has been profitable for four straight, according to a company statement. In addition, OpenX invested $50 million into research and development this past year.

Study: L.A.’s Small Businesses Optimistic About Growth

Small businesses across Los Angeles have seen a boost in sales and project continued growth through the end of summer, according to a new survey released March 13

Executive Education (March 12): Executive MBA Council Survey Results Show Increased Compensation, New Responsibilities and Substantial Promotions for Graduates

Custom Content by the Los Angeles Business Journal

Late last year, the Executive MBA Council (EMBAC) announced the results of the 2017 EMBAC Student Exit Survey which revealed that graduates of a program received a 14.2 percent increase in compensation – combined, both salary and bonuses – after program completion.

Monday, March 12

Preliminary Injunction Denied in Short-Term Rental Fight in Santa Monica

The U.S. District Court for the Central District of California on March 9 denied a motion for a preliminary injunction against the City of Santa Monica by AirBNB and HomeAway in their fight against the city’s home-sharing ordinance, according to a release issued by the city.

Commercial Real Estate Awards 2018: The Lease vs. Buy Conundrum - What’s Best for Your Business

Custom Content by the Los Angeles Business Journal

You should compare the benefits of leasing versus buying your property from a cash standpoint, as well as the more obvious needs standpoint, such as long term space requirements and expansion possibilities.

Silicon Beach Report March 12: Lyft Grows Three Times Faster Than Uber

Lyft grows three times faster than Uber; Clearlake Capital acquires Provation Medical; and Snapchat to release nonfiction crime series produced by Conde Nast.

Commercial Real Estate Awards 2018: Best Land Sale

Custom Content by the Los Angeles Business Journal

Cbre facilitated the sale of Alameda Distribution Center, a 23-acre industrial land site, in Lynwood to Terreno Realty Corp.

Commercial Real Estate Awards 2018: Best Multi-Family Sale

Custom Content by the Los Angeles Business Journal

This Cushman & Wakefield team brokered the sale of 8500 W. Sunset Boulevard, a newly completed apartment complex in Los Angeles.

Commercial Real Estate Awards 2018: Best Medical Lease

Custom Content by the Los Angeles Business Journal

Cbre’s Bryan Lewitt and Chris Isola represented the landlord, GPI Companies, in this lease transaction.

Buchwald Agency Doubles Space in Move to 15K-Square-Foot Miracle Mile Penthouse

The Buchwald talent agency has inked a deal for a 10-year lease for nearly 15,000 square feet – the entire penthouse floor – at the 30-story 5900 Wilshire Blvd., the Miracle Mile’s tallest office building, according to the Newmark Knight Frank brokerage.

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City National Rochdale Hires Matthew Peron as Chief Investment Officer

City National Bank announced March 12 the hiring of Matthew Peron as chief investment officer of its City National Rochdale subsidiary. City National Rochdale, which has headquarters in Beverly Hills and New York, oversees $37 billion in assets of families, individuals and institutions.

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Commercial Real Estate Awards 2018: Best Medical Sale

Custom Content by the Los Angeles Business Journal

Cbre’s Bryan Lewitt and Chris Isola represented the buyer, Didi Hirsch, a Suicide Prevention Center, in the $16.8 million purchase of the high profile, stateof- the art building in Century City.

Commercial Real Estate Awards 2018: Best Retail Lease

Custom Content by the Los Angeles Business Journal

Cbre’s Rich Rizika in 2017 completed a total of 23 leases, totaling more than 182,000 square feet, at Renaissance Marketplace, the largest center development in the Inland Empire in a decade.

Radiology Partners Raises $234 Million to Fuel Growth

Radiology Partners Inc. of El Segundo has raised $234 million in an equity funding round to support accelerated growth.

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Commercial Real Estate Awards 2018: Best Retail Sale

Custom Content by the Los Angeles Business Journal

Bill Bauman and Kyle Miller, (now both with Newmark Knight Frank, and formerly with Savills Studley’s National Retail Services Group at the time of this transaction), successfully sold The Terraces, an approximately 172,913-square-foot regional shopping center located in the affluent community of Rancho Palos Verdes.

Commercial Real Estate Awards 2018: Best Office Lease

Custom Content by the Los Angeles Business Journal

The First Property Realty Corporation team of Michael Geller, Josh Bernstein and Ben Silver represented the JH Snyder Company in the leasing of 1601 Vine Street in Hollywood.

Friday, March 9

Silicon Beach Report March 9: Bird Raises $100 Million in Series B

Bird raises $100 million in Series B; Tech Fair LA; and Upfront Ventures proposes term sheet requiring companies to interview women and underrepresented groups.

Tech Fair LA Draws 14,500 Attendees

14,500 job seekers attended the second annual Tech Fair LA at the Reef in Downtown Los Angeles. The event was created and hosted by Comparably CEO Jason Nazar, in partnership with Mayor Garcetti and the Annenberg Foundation. Attendees had the opportunity to meet 250 companies, including SpaceX, Zip Recruiter, GOAT, YouTube and Lyft.

Cost of High Speed Rail Route from LA to SF Soars to $77 Billion

The estimated cost to build a high speed rail line connecting Los Angeles and San Francisco has soared 20 percent to a minimum of $77 billion, according to the latest draft business plan from the California High Speed Rail Authority released on March 9.

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Berkshire Hathaway’s Munger Gives $21M to Good Samaritan Hospital

Good Samaritan Hospital has received a $21 million gift from Berkshire Hathaway Vice Chairman Charles T. Munger to beef up its emergency department and make the 133-year-old hospital earthquake safe.

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Bird Raises $100 Million in Series B

Santa Monica-based Bird, an electric vehicle sharing company, announced a $100 million Series B funding round on March 9. Valor Equity and Index Ventures were the primary investors, while Craft Ventures and Goldcrest increased their existing investments. Additional investors included Tusk Ventures and Upfront Ventures.

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Judge Rejects Breitburn’s Bankruptcy Restructuring Plan

A bankruptcy court judge on March 9 rejected the restructuring plan submitted by bankrupt Los Angeles oil firm Breitburn Energy Partners, sending the company, its creditors and its shareholders back to the negotiating table.

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Jamison Properties Opens First Ground-Up Units

72 units to start; three others to come in L.A. for Koreatown developer

Jamison completed the first of four planned residential developments in K-town.

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Clippers Push Arena Plan Despite Latest Lawsuit

EIR on Inglewood campus proceeds as MSG contends Inglewood showed bad faith

L.A.’s newest sports venue will feature add-ons for athletes, fans and visitors.

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Diamonds Are Forever; How They’re Chosen Isn’t

Engagement ring app Sparkly lets user select look, set up secret registry.

Hollywood company wants to modernize engagement ring buying.

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Prefab Outfit Talks Code for Customers

Cover Technologies’ new service sorts requirements for accessory structures

A Gardena company is giving homeowners easy access to city of L.A. building codes.

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Madness or Must-See?

March Madness is upon us.

Aging Megatrend Can Be Blessing for Business

The global population aged 60-and-over will encompass more than one in five people by mid-century, rising from 900 million in 2015 to 2.1 billion in 2050, according to the World Health Organization.

Deals & Dealmakers: New I/D for Fifth Wall

Pritzkers team up with Venice venture firm for $15M Series A

Pritzker Group, Fifth Wall join forces in $15 million Series B round for furniture maker Interior Define.

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Asian Appeal

Chinese investors use design to attract growing ethnic visitor base.

New hotel has luxe details and high-tech touches to cater to Asian tourists, locals.

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Kushner Observed; Woori for Hanmi? CBIZ Secret

I figured I might have missed on an item that ran in this space last October, speculating that President Donald Trump’s son-in-law Jared Kushner had an L.A. edition of his NYC-based Commercial Observer in the works.

L.A. River Project to Include Gehry Partners

Frank Gehry part of team tackling L.A. River redevelopment plan.

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Glendale REIT Gets $42M for Orange County Office Park

Glendale property investor shakes up portfolio with $42M sale of OC office park.

Insurance Brokerages Continue Rebound on Jobs, Revenue

Insurance brokerage firms are profiting from the post-Great Recession’s strong economy.

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STYLE | No Pier Pressure

Negin Singh, executive director at the Santa Monica Pier Corp

Negin Singh I Santa Monica Pier Corp.

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Calendar

Calendar of Events

Flipping the Script

Cali Group looks to revolutionize “antiquated” restaurant industry

Robots and other automation are coming to a local fast-food chain.

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Kor-Am Bank Files for IPO

Open Bank has filed for an IPO, a move that will take the bank from over-the-counter to Nasdaq listing.

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Ugly Dates, Sweet Nectar

FOOD: Culver City-based syrup maker adds 3 chains to national distribution lineup

D’Vash is part of a growing group of firms finding fresh uses for “ugly fruit.”

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Commercial Real Estate Awards 2018: Best Office Sale

Custom Content by the Los Angeles Business Journal

FivePoint Holdings, LLC along with other investors bought back the 73-acre Broadcom corporate campus in Orange County for $443 million.

Commercial Real Estate Awards 2018: Best Industrial Lease

Custom Content by the Los Angeles Business Journal

In this transaction, CBRE’s Jay Dick and Erik Wanland successfully assisted Pacific Industrial, LLC in locating an industrial warehouse.

Commercial Real Estate Awards 2018: Best Industrial Sale

Custom Content by the Los Angeles Business Journal

Darla Longo and Barbara Perrier, co-vice chairwomen, head up CBRE’s West Coast National Partners team.

Commercial Real Estate Awards 2018: Rookie of the Year

Custom Content by the Los Angeles Business Journal

Joshua Yammer joined Marcus & Millichap as an investment sales agent specializing in hospitality assets at the end of 2016.

Thursday, March 8

L.A. County Superior Court’s Civil Program to Move to Downtown L.A.

Los Angeles County Superior Court’s complex civil program will have a new landlord – the U.S. government – when its hearings at the historic federal courthouse at 312 N. Spring St. begin on April 16.

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Disney Announces $100 Million Children’s Hospitals Initiative

Burbank-based Walt Disney Co. announced March 7 that it would spend $100 million over the next five years outfitting children’s hospitals around the world with Disney characters and fulfilling sick children’s wishes as part of a new philanthropic initiative.

Univision to Look for New CEO, Cancels IPO

Spanish-language broadcaster Univision Communications will look for a new chief executive after current CEO Randy Falco announced plans to retire at the end of the year.

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Commercial Real Estate Awards 2018: Brokers of the Year

Custom Content by the Los Angeles Business Journal

For more than three decades R. Todd Doney, Vice Chairman at CBRE, has achieved performance records very few commercial real estate brokers in Los Angeles can claim.

Commercial Real Estate Awards 2018: Best Tenant Improvement Project

Custom Content by the Los Angeles Business Journal

Hfyn brings together passionate minds in strategy, creative, technology, and media who have decades of experience in driving brands forward.

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Commercial Real Estate Awards 2018: Best Sustainable Project

Custom Content by the Los Angeles Business Journal

The 120,000-square-foot facility in El Segundo will serve as both the Lakers’ training facility and the home court for the South Bay Lakers.

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Silicon Beach Report March 8: Atom Tickets Raises $60 Million

Atom Tickets raises $60 million; EvGo taps Cathy Zoi as CEO; and Stamps.com’s ShippingEasy targets Amazon sellers.

Commercial Real Estate Awards 2018: Best Retail Project

Custom Content by the Los Angeles Business Journal

As a joint-venture, Jacobsen and Swinerton are under contract to execute the $500 million reimagination of Beverly Center, L.A.’s iconic shopping destination, envisioned by Taubman Centers, Inc. and Studio Fuksas.

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Commercial Real Estate Awards 2018: Best Redevelopment Project

Custom Content by the Los Angeles Business Journal

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

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Commercial Real Estate Awards 2018: Best Public Project

Custom Content by the Los Angeles Business Journal

The Don Knabe Wellness Center and Plaza plays a critical role at Rancho Los Amigos National Rehabilitation Center, one of the nation’s top hospitals for rehabilitative medicine.

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Commercial Real Estate Awards 2018: Best Office Project

Custom Content by the Los Angeles Business Journal

The desire to create compelling spaces that feed one’s aspiration as well as promote ambition fueled the design, reflecting the unique aspects of BCG’s 45,000 sf Los Angeles office.

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Commercial Real Estate Awards 2018: Best Multi-Family Project

Custom Content by the Los Angeles Business Journal

Avalon West Hollywood offers a multi-generational urban lifestyle that embraces the energy of its surrounding movie industry neighborhood and the vibrant street-life of Santa Monica Boulevard.

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Wednesday, March 7

Alhambra Manufacturer Fined for Safety Violations

Alhambra Foundry Company Ltd., manufacturer of metal works for the construction industry, was fined $283,390 by the state for an accident that amputated an employee’s legs.

Commercial Real Estate Awards 2018: Best Mixed Use Project

Custom Content by the Los Angeles Business Journal

In the heart of downtown Los Angeles, the new Wilshire Grand Center rises, the tallest building west of the Mississippi.

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Commercial Real Estate Awards 2018: Best Medical Project

Custom Content by the Los Angeles Business Journal

The 105,000 sf, LEED Platinum Kaiser Permanente Medical Office Building, located on an 8.6 acre landscaped park in Baldwin Hills, is the newest and largest Kaiser MOB to exemplify two Kaiser experimental Southern California initiatives:

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Commercial Real Estate Awards 2018: Best Industrial Project

Custom Content by the Los Angeles Business Journal

Los Angeles Sanitation has built one of the world’s most technologically advanced water treatment systems at the Terminal Island Water Reclamation Plant.

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L.A. Unemployment Rate Up to 4.5 Percent in January Amid Seasonal Job Loss

L.A. County’s unemployment rate edged back up to 4.5 percent in January from 4.4 percent in December as local employers shed holiday season workers, state figures released March 7 show.

AC Hotel by Marriott Breaks Ground in El Segundo

Construction of a new 180-room hotel branded with the AC Hotel by Marriott concept is underway in El Segundo, according to Irvine contractor R.D. Olson Construction.

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Commercial Real Estate Awards 2018: Best Hospitality Project

Custom Content by the Los Angeles Business Journal

Having successfully opened in June of 2017, the 170-room Waldorf-Astoria Beverly Hills is managed by Hilton Worldwide, Inc.

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Silicon Beach Report March 7: Snap Inc. Expected to Announce Layoffs

Snap Inc. expected to announce layoffs; AeroVironment secures contract, narrows losses; and Ordermark raises $3.1 million.

Science 37, Novartis to Conduct Virtual Clinical Trials

Science 37 Inc., a mobile tech and clinical trial firm based in Playa Vista, has struck a deal with Swiss pharma giant Novartis AG to conduct clinical trials with its iPhone app.

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Weinstein Co. Deal Collapses Again

A deal to save The Weinstein Co. from bankruptcy has collapsed for a second time after the investor group, led by Ron Burkle and Maria Contreras-Sweet, pulled out.

Tuesday, March 6

Woman Sentenced to Federal Prison for Botched Cosmetic Procedure

A Monterey Park woman was sentenced to two years in federal prison for injecting “lamb’s fat” into a woman to enhance her buttocks, causing major injury, which and required reconstructive surgery, the U.S. Attorney’s Office reported March 6.

Commercial Real Estate 2018 Project Nominees

Custom Content by the Los Angeles Business Journal

101 Sepulveda Rehab Lincoln Property Company Oltmans Construction Co. ShubinDonaldson Architects

Silicon Beach Report March 6: SpaceX Successfully Launches Hispasat 30W-6

SpaceX successfully launches Hispasat 30W-6; FreedomPop to partner with Prudential; and Triton Digital renews relationship with Beasley Media Group.

Agreement Reached to Protect the Playboy Mansion

Los Angeles’ famed Playboy Mansion will be spared demolition under an agreement between the city and the mansion’s owner, Hostess Brands co-owner Daren Metropoulos, to permanently protect the structure.

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Commercial Real Estate 2018 Broker Nominees

Custom Content by the Los Angeles Business Journal

Jeff Adkinson Jones Lang LaSalle Martin D. Agnew Marcus & Millichap Barbara Armendariz SharpLine Commercial Partners Tony Azzi Marcus & Millichap Brandon Bank CBRE Group, Inc. Patrick Barnes Colliers International Hunt Barnett LA Realty Partners Brad Baskin CBRE Group, Inc.

Commercial Real Estate 2018 Award Nominees: 2018 Commercial Real Estate Forecast Indicates Change and Opportunity, Domestically and Globally

Custom Content by the Los Angeles Business Journal

Rapid change is underway in the world’s commercial real estate industry, and the dynamics are in flux as the current investment cycle enters its latter stage.

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L.A. Area Wages Up 0.9 Percent in January

Wages in the Los Angeles area rose a modest 0.9 percent to a median of $60,420 in February from a year ago, according to a survey released March 6 from online job site Glassdoor.

L.A. River Project to Include Gehry Partners

L.A. County officials on March 5 announced that county staff has selected a team that includes the firm of internationally renowned architect Frank Gehry to update the county’s 22-year-old master plan for the Los Angeles River.

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Bumble on Clippers Jersey Patch

The Los Angeles Clippers have announced a multiyear pact to feature the logo of Austin-based social networking company Bumble on the team’s jerseys starting tonight with the team’s matchup against the New Orleans Pelicans.

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Consumer Goods: THE CURRENT CONSUMER GOODS & RETAIL LANDSCAPE

Custom Content by the Los Angeles Business Journal

To take a closer look at how the consumer goods and retail sector works, we asked Andrew Apfelberg, Co-Chair of the Branded Consumer Products Industry Practice Group at Greenberg Glusker; and Ron Friedman, Co-Leader of the Retail and Consumer Products group at Marcum LLP, to weigh in for a discussion.

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Monday, March 5

New CEO at L.A. Federal Credit Union

Richard Lie has been appointed president and chief executive of Los Angeles Federal Credit Union.

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Consumer Goods: Dietary Supplement Industry and U.S. Anti-Doping Agency Warn Consumers About SARMs

Custom Content by the Los Angeles Business Journal

Groups support strict enforcement action by FDA

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Consumer Goods: The Consumer Goods Forum Publishes Report on Low-Carbon Solutions in the Consumer Goods Sector

Custom Content by the Los Angeles Business Journal

Consumer Goods Forum late last year published a report showcasing concrete examples of how the consumer goods sector is implementing low-carbon solutions.

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Consumer Goods: Report on Consumer Packaged Goods Supply Chain Sheds Light on Challenges and Steps Forward

Custom Content by the Los Angeles Business Journal

Online shopping, new digital technologies, and increasing channel fragmentation are intensifying the pressures on US consumer packaged goods (CPG) supply chains.

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Tax Reform: 2017 Tax Reform Act - Unrelated Business Income

Custom Content by the Los Angeles Business Journal

The 2017 Tax Reform Act that was passed on December 22, 2017 has significant changes that impact tax exempt organizations.

Closing Date Set for Community Medical Center Long Beach

Community Medical Center Long Beach will officially close on July 3 following the discovery of an active earthquake fault running directly beneath the 94-year-old hospital, officials announced.

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Hudson Pacific Properties, Macerich to Redevelop Westside Pavilion

Hudson Pacific Properties and Macerich have formed a joint venture where they’ll spend up to $475 million to redevelop the 600,000-square-foot Westside Pavilion into half a million square feet of creative office space while retaining 100,000 square feet of existing entertainment retail space, the companies announced.

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Silicon Beach Report March 5: SpaceX Set to Launch Hispasat 30W-6 Satellite

SpaceX set to launch Hispasat 30W-6 satellite; Miso Robotics unleashes burger flipping robot; and LA tech companies raise $411 million in February.

City of Hope Lands Nearly $6M Grant for Stem Cell Study for Sickle Cell Disease

A state agency that manages voter-approved stem cell research grants has awarded nearly $6 million to City of Hope for a clinical trial to treat severe sickle cell disease.

Tax Reform: The Impact of the New Tax Law on Real Estate Investment

Custom Content by the Los Angeles Business Journal

The Tax Cuts and Jobs Act (TCJA) is the most far reaching tax change to affect the real estate sector since the Tax Reform Act of 1986.

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Tax Reform: Taxpayers Could See Paycheck Changes this Month

Custom Content by the Los Angeles Business Journal

The Internal Revenue Service last month released Notice 1036, which updates the income-tax withholding tables for 2018 reflecting changes made by the tax reform legislation enacted last month.

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Tax Reform: Tax Cuts and Jobs Act - The New Favorable Deduction for Passthrough Entities

Custom Content by the Los Angeles Business Journal

This article will focus on the Internal Revenue Code (“IRC”) §199A, which provides a new deduction of up to 20% of a taxpayer’s Combined Qualified Business Income Amount (“CQBIA”) starting in 2018.

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Tax Reform: Americans’ Financial Satisfaction Hits Record High

Custom Content by the Los Angeles Business Journal

Explosive gains in the stock market and a decline in underemployment overcame rising inflation to advance Americans’ personal financial satisfaction to its highest level in the 24-year history of the AICPA’s Personal Financial Satisfaction Index (PFSi).

Sunday, March 4

Weinstein Co. Reaches Agreement With Investor Group

A $500 million deal to save The Weinstein Co. from bankruptcy was reached, according to the troubled film company and the investor group led by Ron Burke and Maria Contreras-Sweet.

Friday, March 2

N.Y.-L.A. Mix: Ackman Abacus, Antonio, Whittier

Several ways to look at New York hedge funder Bill Ackman’s recent retreat from his Pershing Square Capital Management L.P.’s long and hostile run at downtown-based nutrition products marketer Herbalife.

Time to Promote Vocational Training in L.A.

While the Los Angeles labor market has made great strides with our current economic expansion, this remains an area filled with many low income and homeless individuals who have not completed a bachelor’s degree.

Reconsider Service Jobs

It can be tough to look around Los Angeles and picture a future of something other than fabulous wealth floating above a hard-pressed class of laborers and a shrinking middle class.

Sugarmade Bets Larger HQ on Cannabis Growth

Expects revenue to rise 400 percent amid steady gains in state, nation

Cannabis’ new legal status has one local company growing into the City of Industry.

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L.A.’s Recent Eatery Closures Reflect U.S. Trend

L.A. County lost 675 units in 2017; notable names shutter operations here

Some of L.A.’s high-profile restaurants have closed, reflecting a national trend.

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Locals Take Lead in Bioscience Growth

Grifols’ exec Zuniga gives back to alma mater, neighborhood on Eastside

L.A.’s growing biosciences industry is tapping into the local talent pool.

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Deals & Dealmakers: Bank Acquisition Trend

Three deals, six institutions involved Los Angeles, San Diego, Inland Empire

There’s been a flurry of consolidation among Southern California’s small regional banks recently.

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Ancient Exchange

Hawala's roots trace back to Silk Road, recently cropped up in federal court

Breaking down a low-tech alterative banking system used by some local merchants.

L.A. Tourism Campaign Touts Diversity

The Los Angeles Tourism and Convention Board is stepping up and into the 21st century with a new deal to air its latest marketing campaign on Santa Monica streaming service Hulu.

Platinum Picks Up Four More

Beverly Hills private equity giant Platinum Equity continued its acquisition tear, announcing four deals last week on top of four others earlier in the young year.

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Top Residential Brokerages Near $90B Mark in ‘17

The median L.A. County home price rose 8 percent in 2017 to $560,000, more than double the national figure.

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Mall Fixer Takes on Challenge in Middle America

An El Segundo firm added a 1 million-square-foot Missouri mall to its growing portfolio of class B centers.

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In Search of CEOs

Managing partner of Deloitte’s L.A. office on role as chair of chamber

Deloitte’s Michelle Kerrick, the new chair of the L.A. Area Chamber of Commerce, is the second woman to hold the post in 130 years.

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New Subscription

TechStyle adds brick-and-mortar channel to e-commerce base

TechStyle wants to bring e-tail tech tactics to brick-and-mortar retail.

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RYU to Open First L.A. Store on Abbot Kinney

Athletic clothing company RYU Apparel Inc. has signed three leases – including one for its first Los Angeles location – for stores that are scheduled to open in the second and third quarters of this year, according to Scott Lifschultz, founder and president of Santa Monica-based SPL Realty Partners.

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STYLE | Dancing with Stars

Brad Gluckstein I Apex Realty / Conga Room

Brad Gluckstein calls himself a real estate executive by day and a salsa dancer by night. He’s chief executive of Apex Realty in mid-Wilshire, with a $500 million portfolio of shopping centers and multi-tenant industrial buildings, as well as founder and co-owner of the Conga Room, a music venue and nightclub celebrating Latin music.

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Silicon Beach Report March 2: Snap Skips Employee Bonuses

Snap skips employee bonuses; Hulu buys Madison Square Garden Theater naming rights; and StartEngine launches first regulated ICO.

Thursday, March 1

710 Freeway Proposal Decision Delayed By MTA Board

The board of the Los Angeles County Metropolitan Transportation Authority on March 1 voted unanimously to delay by several years a decision on two multibillion dollar alternative proposals to widen the 710 Freeway until after interchange and ramp improvements are completed, according to information posted on the agency's website

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Puma Biotech Loses $300M, Drug Sales Exceed Expectations

Puma Biotechnology Inc., which launched its signature breast cancer drug last summer in the U.S. before running into resistance in Europe, on March 1 reported a nearly $300 million loss for 2017.

Verdict Reached in AeroVironment IP Lawsuit

A Ventura County Superior Court jury awarded AeroVironment Inc. more than $2 million after finding three former employees engaged in fraud and breached patent and confidentiality agreements.

Tax Reform: The State of Tax Reform is Strong

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Here are some considerations in response to concerns about the new tax bill.

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Monrovia-Based Xencor Inc. Reports $49 Million Loss in 2017

Xencor Inc., a biotechnology company that produces monoclonal antibodies to combat cancer and other life-threatening diseases, reported a $12 million loss in the fourth quarter and an overall loss of $49 million last year.

Tax Reform: Multinational Companies Should Start Preparing Now for Monumental Changes in New Tax Law

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The Tax Cuts and Jobs Act makes fundamental changes to how multinational businesses are taxed for federal income tax purposes.

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Tax Reform: Bank Economists See Solid Economic Growth Supported by Tax Reform

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The U.S. economy will continue to grow through 2019, surpassing the longest previous period of economic prosperity in the post-war era, according to the Economic Advisory Committee of the American Bankers Association.

Meetings & Events: 10 Tips and Hacks for a Successfully Catered Event

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When you are handed the daunting task of organizing the catering for the office, business or even private party, it’s hard not panic, especially once you start browsing on-line at the million and one options when you search the term “party food” or “catering,” the mind melts, where do I start?

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Silicon Beach Report March 1: LA-Tokyo Entertainment Tech Fund Hires VC

LA-Tokyo entertainment tech fund hires VC; EVgo reduces charging station prices; and Scalefast raises $8 million in Series A funding.

Queen Mary Owner Urban Commons Moves to Century City

Urban Commons, the real estate developer that owns Long Beach’s Queen Mary hotel and tourist attraction, has moved from downtown Los Angeles after signing a 63-month lease for a larger office space at 10250 Constellation Blvd in Century City, according to Colliers International.

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Meetings & Events: Events Industry CEOs Weigh in on Top Five Industry Trends and Topics of Focus for 2018

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With the number of natural disasters and safety concerns that arose last year, event safety and security has certainly risen to the top of the list of concerns for events industry CEOs.

Meetings & Events: Unforgettable Meeting Experiences Abound at the Los Angeles Zoo

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Searching for a fun, unique experience for your next company event?

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Wedbush Center in Downtown Sells for $196M

New York-based private investment firm Cerberus Capital Management has bought the 21-story, 476,000-square-foot Wedbush Center at 1000 Wilshire Blvd in downtown Los Angeles for $196 million, or about $415 per square foot, from Lincoln Property Co. of Dallas, according to NKF Capital Markets.

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Women's Summit 2017 Nominees

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Janis W. Adams Academic Achievers Lorraine Alderette Estolia’s Food Products Michelle Alfonso OpenX