Stories for May 2018

Thursday, May 31

Artisan Realty Buys Hollywood Retail Property for $61M

Artisan Realty Advisors of Santa Monica has purchased a two-building, 40,000-square-foot retail property in Hollywood for $61 million, or $1,525 per square foot, from limited liability companies Cahuenga Lofts and Ivar Group.

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USC’s Keck Medicine Opening New Outpatient Clinic in the San Gabriel Valley

Keck Medicine of USC will soon open a multispecialty outpatient clinic in Arcadia.

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SCE Gets Approval to Spend $356M on EV Charging Stations

Southern California Edison on May 31 received approval from state regulators to spend $356 million in ratepayer funds to expand electric vehicle charging for trucks, buses, forklifts and other industrial vehicles.

Rick Caruso to Lead USC Board of Trustees

Los Angeles real estate developer Rick Caruso has been elected chairman of the USC Board of Trustees while he oversees an investigation into the alleged misconduct of a campus gynecologist and reporting failures by USC.

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Silicon Beach Report May 31: Emagispace Raises $5+M, WME’s AI Deal, Pew’s Social Media Breakdown

Emagispace raises $5 million, WME strikes deal with AI-driven data platform, social media ranked by demographic

LA County Homeless Count Drops to 53,000

New numbers include adjustment of 2017 numbers

The number of homeless individuals in Los Angeles County fell for the first time in nine years to 53,000, according to figures released May 31 by the Los Angeles Homeless Services Authority.

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Southwest Airlines Adds Flights at Burbank, Long Beach Airports

Southwest Airlines announced May 31 that it is adding flights at Burbank and Long Beach airports.

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Wednesday, May 30

L.A. Chamber Taps Local Finance Exec Maria Salinas as First Female CEO

The Los Angeles Area Chamber of Commerce on May 30 announced its board has named local finance executive Maria Salinas as its first woman chief executive in its 130-year history.

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Office Buildings in Pasadena, Glendale Hit the Market

Operating Engineers Funds Inc., a nonprofit that administers employee benefits for more than 20,000 union workers, is putting 301 N. Lake Ave., an 11-story, 208,000-square-foot office tower in Pasadena up for sale, sources said.

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Silicon Beach Report May 30: Internet Trends Report Highlights Code Conference

Internet Trends Report Highlights Code Conference; Half of Hulu Subscribers Pay for Ad-Free Streaming; SnackNation Raises $12 Million

Insurance Commissioner Recommends 10 Percent Cut in Workers’ Comp Premium Rates

Citing continued drops in costs, California Insurance Commissioner Dave Jones on May 29 recommended a 10 percent cut in workers’ compensation insurance premiums for employers’ policies renewing after July 1.

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Concerns About Housing Costs and Homelessness Rise in BizFed Poll

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

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Neural Analytics Wins Federal Approval for Robotics Tech

Neural Analytics Inc., a medical device company based in Rancho Park, announced it has cleared a federal hurdle for a robotic system to assist with ultrasound in diagnosing brain trauma.

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JAKKS Pacific Sells Creepy Crawler Movie Rights to Paramount

Paramount Players acquired the rights from JAKKS Pacific to make a movie based on the venerable Creepy Crawlers toy, according to a May 30 announcement.

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LinQuest Acquired by Madison Dearborn, CoVant Management

LinQuest Corp., a Ladera Heights-based space technology solutions provider, has been purchased for an undisclosed amount by private equity firms Madison Dearborn Partners of Chicago and CoVant Management of McLean, Va.

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SnackNation Raises $12 Million

Culver City-based SnackNation which curates and delivers healthy snacks raised $12 million in a Series B round, the company announced May 30.

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Tuesday, May 29

Beverly Hills Security Group Taps Secret Service Executive to CEO Post

A Beverly Hills security company named a former U.S. secret service executive as its Chief Executive Officer.

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Silicon Beach Report May 29: Is Bird the First Scooter Unicorn?

Sequoia said to Value Scooter Outfit Bird at $1 Billion as Part of $150 Million Raise; Snap Facing Diversity, Morale Challenges; Surkus Raises $10 Million

Study: Physician Online Review Sites May Mislead Consumers

Online review sites that rate doctors tend to be skewed and can mislead patients, according to a new study by Cedars-Sinai Medical Center.

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Labor and Employment: A Roundtable Discussion

Custom Content by the Los Angeles Business Journal

As the legal landscape continues to evolve in terms of labor and employment, the Los Angeles Business Journal once again turned to some of the leading employment attorneys and experts in the region to get their assessments regarding the current state of labor legislation, the new rules of hiring and firing, and the various trends that they have been observing, and in some cases, driving.

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Culver City-Based Medmen Enterprises Goes Public on Canadian Exchange

Shares in Medmen Enterprises Inc. of Culver City dipped slightly on May 29 after what has been billed as the largest U.S. cannabis company went public.

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Kennedy Wilson Sells Six-Property Portfolio for $422M

Beverly Hills-based real estate firm Kennedy Wilson has announced the $422 million sale of six multifamily properties across four states – a portfolio totaling nearly 2,200 units.

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MOCA Director Vergne Leaving Museum

The Museum of Contemporary Art will part ways with museum director Philippe Vergne, when his five-year contract expires next year.

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Friday, May 25

USC President Nikias to Step Down Amid Scandals

USC President C.L. Max Nikias has agreed to step down as a series of scandals has rocked the university, according to a statement from the university’s board release late on May 25.

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Silicon Beach Report May 25: Electric Bus Maker Proterra Raises $100M

Proterra raises $100 million for electric buses; new european data privacy regs wreak havoc on U.S. sites; L.A. biotech lab to close

New Jersey Biotech Firm to Shut Down Boyle Heights Genetics Lab

Cancer Genetics Inc., a DNA-based cancer diagnostic company based in New Jersey, has announced the pending closure of its Los Angeles laboratory in a move that could affect dozens of workers.

Cutting Edge Healthcare Acquires Respiratory Therapeutics Group

Cutting Edge HC Inc., a newly formed management company based in the Miracle Mile, has acquired Respiratory Therapeutics Group for an unknown sum.

Molina’s Pacific 6 to Finance New Long Beach Publication

Long Beach millionaire John Molina’s new company, Pacific 6, will finance a Long Beach publication dedicated to local news that will directly compete with the Long Beach Press-Telegram, and employ the Press-Telegram’s three recently departed editorial employees.

Cannabis Firm MedMen Nears Public Offering; Valuation North of $1.6 Billion

MedMen Enterprises, a Culver City-based cannabis investment and management firm, is on the verge of a public offering on the Canadian Stock Exchange, with a value north of $1.6 billion, according to a source familiar with the transaction.

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LAX Passenger Traffic Up 4 Percent in April, 5.5 Percent Year-to-Date

Passenger traffic at Los Angeles International Airport rose 4.1 percent in April compared to last year and was up 5.5 percent for the first four months of this year, according to figures released May 25 by airport officials.

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Hanmi Financial to Acquire Texas-Based SWNB Bancorp Inc. for $76.7M

Hanmi Financial Corp., a Koreatown-based holding company for Hanmi Bank, has agreed this week to acquire SWNB Bankcorp Inc. for a deal valued at $76.7 million.

STYLE | Bold Broker

Max Sharkansky • Trion Properties

Max Sharkansky offers this definition of the tie – as in “suit and tie” – the traditional uniform of the businessman: “I find them a useless piece of fabric that just chokes men. I don’t wear ties unless I absolutely have to.”

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About Homeless Vets

Some tough numbers about a segment of the population of living veterans of the armed services as we mark the Memorial Day holiday in honor of their fallen comrades: The most recent estimate from the Los Angeles Homeless Services Authority puts the homeless population at 58,000 countywide, with about 4,800 of them veterans.

Decisive Action Needed on DACA

Ever since DACA (Deferred Action for Childhood Arrivals) was repealed last September, business leaders have been advising Congress that stripping 800,000 young Americans of their residency status and work permits would create an economic disaster.

Downtown Incubator Aims for U.S.-China Bridge

Jiangsu-based effort draws support of SoCalBio, Mann Institute at USC

Investors in China and industry advocates in Los Angeles joined forces this month to launch an incubator intended to help local biomedical companies sell their products in what has become the world’s second-largest healthcare market.

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Turner Sports Signs to Livestream Surf Tourneys

Santa Monica-based league’s events set for network’s B/R platform

Turner Sports’ live streaming platform B/R Live has agreed to broadcast various events.

Deals & Dealmakers: Two Reliam Deals in Two Weeks

Cloud computing outfit leverages $75 million private equity investment

South Bay-based cloud computing service provider Reliam puts $75 million to work.

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Growth To Go

Kitchen United offers existing restaurants space, help on delivery services

Commercial kitchen intended to help brick-and-mortar restaurants get into the delivery game.

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Pasadena Campus Pegged at $250M

Coretrust Capital Partners plans upgrades

Downtown-based real estate investment firm Coretrust Capital Partners last week acquired the six-acre Corporate Center Pasadena, the largest office campus in the city, according to the company.

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Security Tech App Raises $7 Million

TECHNOLOGY: Allows secure office entry via smartphones; draws local, Silicon Valley backers

Culver City-based office security tech firm Openpath launched May 22, helped by a $7 million funding round and local funds.

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Report: Real Mex Seeks Buyer

RESTAURANTS: Santa Monica-based Tennebaum part of current ownership

Real Mex restaurant chains reportedly on sales block.

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Zigs & Zags; Trump & L.A. Times; Icons & Eli

California often zigs when the rest of the country zags, and Los Angeles has long been the chief locus of the instinct – perhaps never more than these days when it comes to China.

High Note for Baldwin Park Retail Development

Newly-built fast-food chain property hits $1,225 PSF after several offers

A recent sale in Baldwin Park set a benchmark for retail space in the eastern San Gabriel Valley.

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ICONS 2018: Thomas Priselac

President and Chief Executive, Cedars-Sinai Medical Center

Thomas Priselac, a national force on the national health care scene, has served as Cedars-Sinai chief executive for 24 years, and as an employee of the Beverly Grove-based health system – the largest nonprofit hospital in the western U.S. – for 39 years.

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ICONS 2018: Wolfgang Puck

Founder, Wolfgang Puck Worldwide Inc.

Celebrity chef and restaurateur Wolfgang Puck did not finish high school, but from an early age – 14 to be exact – he knew he wanted to be a chef.

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ICONS 2018: Michael Milken

President, Co-founder, Milken Foundation

Michael Milken was a disruptor long before the Digital Age.

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ICONS 2018: John Cushman III

Chairman, Global Transactions, Cushman & Wakefield

John Cushman III, chairman of global transactions at Cushman & Wakefield, has been a key player in the development of downtown Los Angeles from its low-rise past to its high-rise present.

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ICONS 2018: Anastasia Soare

Founder and Chief Executive, Anastasia Beverly Hills

No other entrepreneur was so singularly focused on eyebrows – much less made millions of dollars from them – before Anastasia Soare started out on her American dream.

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High Tide for Money Firms

FINANCE: Top 100 in L.A. notched 15.5% gain last year

Strong year for money managers.

Is Coworking Sustainable?

REAL ESTATE: Moves beyond roots in recession

Is the trend toward coworking spaces sustainable?

L.A. Pursues New Army Post

ECONOMY: Procurement center seen as spur for tech

A new U.S. Army procurement office could bring 500 direct jobs and hundreds of millions in economic benefits if it lands in L.A.

2018 ICONS | Iconic Overview: L.A. Goes Global

Entrepreneurial spirit finds way here, looks beyond backyard for opportunities

This year’s class of influential leaders in L.A. ranges from a beauty entrepreneur to a legend of local commercial real estate.

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Thursday, May 24

SAG-AFTRA Building Gets $105 Million Refi Loan

New York-based commercial real estate finance firm Meridian Capital Group has arranged a 10-year $105 million loan for an affiliate of J.H. Snyder Co. to refinance the SAG-AFTRA Building at 5757 Wilshire Blvd on the Miracle Mile.

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Cedars-Sinai Names New Head of Samuel Oschin Cancer Institute

Cancer scientist Dr. Dan Theodorescu has been named to lead the Samuel Oschin Comprehensive Cancer Institute at Cedars-Sinai Medical Center, the hospital announced May 24.

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MAX BioPharma Awarded $1.7 Million to Fight Osteoporosis

A state stem cell agency has awarded nearly $1.7 million to MAX BioPharma Inc. of Santa Monica to develop a treatment for osteoporosis.

Silicon Beach Report May 24: Justice Department Launches Cryptocurrency Probe

Justice Department investigates cryptocurrency and price manipulation; PeerStreet passes $1 billion mark in real estate loans; UCLA Magnify looks for tech and life science startups.

Health Care Leadership Forum & Awards 2018: Health Leaders Calls for Improvements in Research to Combat Obesity Epidemic

Custom Content by the Los Angeles Business Journal

Obesity is a major contributor to serious health conditions in children and adults

Custom Content: The Next Generation of Employee Benefits: What Today’s Top Talent Wants From Their Employer

Los Angeles Business Journal

What do employees want in an employee benefits package?

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Health Care Leadership Forum & Awards 2018: Finalists

Custom Content by the Los Angeles Business Journal

Dr. Vik Bakhru is the Chief Operating Officer at Consejo-Sano, a leading health platform.

Wednesday, May 23

Silicon Beach Report May 23: Reliam Makes Second Acquisition in Last Month

Reliam Adds G2 Tech Group, Plans Rebrand; Tinder Developing More Specific Location Feature; FreedomPop Launches New Cellphone Service

13-Acre Fuller Campus in Pasadena Hits the Market

The 13-acre Fuller Theological Seminary in Pasadena is going on the market, according to its broker, CBRE Group Inc.

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Health Care Leadership Forum & Awards 2018: ERIK G. WEXLER

Custom Content by the Los Angeles Business Journal

Erik G. Wexler is chief executive of the Southern California region of Providence St. Joseph Health, the second-largest health system in the LA/Orange County/High Desert area.

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Reliam Acquires G2 Tech, Plans Rebrand

South Bay-based cloud computing service provider Reliam announced May 23 the acquisition of Boston-based G2 Tech Group for an undisclosed sum.

Health Care Leadership Forum & Awards 2018: OSCAR HEALTH

Custom Content by the Los Angeles Business Journal

Oscar Health is a technology-driven, consumer-focused health insurance startup founded in 2012 with offices in New York, Culver City, Tempe, and Dallas.

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Saban Brands Plans Layoffs Following Hasbro Acquisition

Saban Brands LLC, owner of the Power Rangers and other entertainment properties, announced the layoff of 60 employees as Hasbro Inc. is set to buy the company.

Health Care Leadership Forum & Awards 2018: HENRY MAYO NEWHALL HOSPITAL

Custom Content by the Los Angeles Business Journal

Henry Mayo Newhall Hospital is a 238-bed not-for-profit community hospital and trauma center that opened in 1975 to serve a rapidly growing community.

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Health Care Leadership Forum & Awards 2018: EISNER HEALTH

Custom Content by the Los Angeles Business Journal

Founded in 1920 as the Anita M. Baldwin Hospital for Babies, as Eisner Health was first known, the organization occupied three beds on the campus of California Hospital.

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Health Care Leadership Forum & Awards 2018: CEDARS-SINAI MEDICAL CENTER

Custom Content by the Los Angeles Business Journal

As partners with the American Cancer Society in the fight against cancer, Cedars-Sinai has made great strides to reduce the cancer risk for Los Angeles’ most vulnerable and underserved populations.

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After Bankruptcy, Oil Company Breitburn Exiting Los Angeles

Fresh off exiting bankruptcy, one of the successor companies to the former Breitburn Energy Partners oil company has filed notice with the state that it intends to exit Los Angeles in July, laying off 51 employees.

Health Care Leadership Forum & Awards 2018: DR. MARGARET PETERSON

Custom Content by the Los Angeles Business Journal

Currently serving as President of Dignity Health’s California Hospital Medical Center, a 318-bed community hospital located at the southern end of downtown Los Angeles, Dr. Margaret Peterson began her career as a registered nurse.

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Health Care Leadership Forum & Awards 2018: DR. DAVID LUNA

Custom Content by the Los Angeles Business Journal

Dr. David Luna has dedicated his medical career to increasing access of quality health care to underserved populations, reducing health outcomes disparities among racial and ethnic minorities and addressing the shortages of physicians in primary care.

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Health Care Leadership Forum & Awards 2018: DR. TODD LANMAN

Custom Content by the Los Angeles Business Journal

As world-renowned Beverly Hills spinal neurosurgeon Dr. Todd H. Lanman of Lanman Spinal Neurosurgery believes, without a healthy spine, there is no healthy life.

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Health Care Leadership Forum & Awards 2018: THOMAS E. JACKIEWICZ

Custom Content by the Los Angeles Business Journal

Thomas E. Jackiewicz serves as senior vice president and chief executive officer for Keck Medicine of USC.

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Coretrust Capital Buys Six-Acre Office Campus in Pasadena for $250M

Downtown real estate investment firm Coretrust Capital Partners has purchased Pasadena’s largest office campus, the six-acre Corporate Center Pasadena, according to the company.

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Health Care Leadership Forum & Awards 2018: PAUL GOMEZ

Custom Content by the Los Angeles Business Journal

Paul A. Gomez is a principal in the Los Angeles office of Polsinelli, an AmLaw 100 law firm with over 800 attorneys in 20 offices.

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Aecom Lands $3B U.S. Air Force Contract

Engineering firm Aecom in Century City announced a subsidiary has won a $3 billion federal contract to supply operation and maintenance services to the U.S. Air Force.

Health Care Leadership Forum & Awards 2018: MARC ECKSTEIN & RALPH TARRAZAS

Custom Content by the Los Angeles Business Journal

The Los Angeles Fire Department’s 911-Emergency Medical Service (EMS) is one of the largest providers of acute, unscheduled health care in the nation.

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Tuesday, May 22

UPDATED: Long Beach Press-Telegram Down to One Reporter; Departing Staff Plan New Pub

The company says it has a 'larger network' of journalists covering Long Beach

The Long Beach Press-Telegram is down to one reporter after three staff members quit May 21 to start their own Long Beach publication, the latest sign of instability at Southern California newspapers owned by Denver’s Digital First Media.

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UCLA Anderson Appoints Interim Dean

Alfred Osborne, associate senior dean of external affairs and a professor at the UCLA Anderson School of Management, has been tapped as the school’s interim dean starting July 1, the school announced on May 22.

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Get Heal Inc. Raises $20 Million for Doctor House Calls

Get Heal Inc., a Century City-based company that makes physician house calls at the touch of a mobile app, announced a $20 million funding round from investors, executives said May 22.

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Commercial Real Estate Exchange Lands $11 Million in Series A Financing

Commercial Real Estate Exchange Inc., a Marina del Rey-based marketing and technology platform, announced it has secured $11 million in series A financing led by Jackson Square Ventures of San Francisco.

Openpath Launches with $7 Million Raise

Culver City-based office security tech firm Openpath launched May 22, helped by a $7 million funding round and helped by local funds.

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Silicon Beach Report May 22: Openpath Launches with $7 Million Raise

Upfront, Pritzker Among Openpath Backers; SpaceX Launch (Mostly) a Success; and Santa Monica’s Halogen Part of TheSkimm’s $12 Million Raise

Marlin Equity Partners Creates Digital Health Giant

Marlin Equity Partners has acquired Virgin Pulse Inc. and RedBrick Health Corp. to form a merger it says will create the world’s largest digital health company, the company announced May 22.

Preferred Bank Expands Figueroa Headquarters

Preferred Bank has expanded its headquarters at 601 S. Figueroa St. in downtown Los Angeles to 37,000 square feet, landlord Brookfield Properties announced.

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L.A.’s Creative Economy Sees Jobs Increase, Impact on Region’s Economy Slip

Otis report finds $451 billion in economic output statewide

The creative economy, which includes entertainment and digital media, generates about $451 billion in economic output in California, according to a recent report, which found that the creative sector’s impact on the overall economic output in the Los Angeles region has slipped in recent years.

200 Faculty Call on USC President to Resign After Misconduct Scandals

Trustees say they have full confidence in President Nikias

After the latest revelations in a string of misconduct scandals at the university, 200 USC faculty members sent a letter on May 22 to the university’s board of trustees demanding USC President Max Nikias resign immediately.

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Blizzard Entertainment Signs Hasbro as Master Toy Licensor

Video game publisher Blizzard Entertainment Inc., signed Hasbro Inc. as its master toy licensor for its Overwatch franchise, the company announced May 22.

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Monday, May 21

Silicon Beach Report May 21: SpaceX Readies for Dual Payload Launch

SpaceX Readies Next Falcon 9 Launch; More Competition for Bird; Core Innovation Backs $8 Million Crypto Raise.

Custom Content | Made With Care: A Unique Local Employment Partnership

Los Angeles Business Journal

On any given day, the first thing you’ll notice about FSC Lighting’s bright, spacious warehouse is its cheerful, bustling activity. The company, which is based in Rancho Cucamonga, manufactures energy-efficient commercial and industrial lighting.

L.A. Council Passes $9.9B Budget; Includes $440M for Initiatives to Help Homeless

The Los Angeles City Council on May 21 passed a $9.9 billion budget for the upcoming fiscal year starting July 1, including $440 million to address the city’s homelessness problem and more than $260 million for street and sidewalk repair and maintenance.

Riordan Foundation Gives $2M to Support Nursing at Mount Saint Mary’s

A foundation created by former Los Angeles Mayor Richard Riordan has awarded $2 million to Mount Saint Mary’s University for the future of nursing education, the school announced May 21.

USC Awarded Nearly $44 Million to Track Cancer in Los Angeles County

A nearly half-century old cancer registry managed by USC has received nearly $44 million to track the disease in Los Angeles County for the next 10 years, the university announced May 21

Three-Building Campus in El Segundo Sells for $170 Million

San Francisco-based Swift Real Estate Partners has purchased a 549,000-square-foot three-building office campus at 2200, 2222 and 2230 E. Imperial Highway in El Segundo for $170 million, an unidentified industry source said.

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Friday, May 18

Glove Maker Austin Pang Pays $13.4M for New Building in Industry

Hong Kong-based Austin Pang Gloves Manufacturing Corp. has purchased a newly-constructed, 72,000-square-foot building at 17343 Freedom Way in the City of Industry for $13.4 million or about $185 per square foot.

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Report Says MGA Proposed Merger With Mattel

Isaac Larian, chief executive of Van Nuys toymaker MGA Entertainment Inc., last month offered to merge the company with rival Mattel Inc., according to a report by the Wall Street Journal.

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Silicon Beach Report May 18: Musk Goes Deep on Boring Co. Plans

Elon Musk revealed more details about his Boring Co. project; mobile game developer Gamelynx announced a $1.2 million raise to create a competitive e-sports game; venture capital firm Upfront Ventures continued to back Irvine-based Cloudvirga.

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

L.A. County’s unemployment rate dipped to 4.4 percent in April after three straight months at 4.5 percent as local employers added a modest 5,000 jobs to their payrolls, according to state figures released May 18.

Cedars-Sinai Awarded $2.6M to Study Depression in Heart Failure Patients

Cedars-Sinai Medical Center has been awarded $2.6 million to study depression in patients with advanced heart failure.

49. Beyoncé Knowles-Carter & Shawn “Jay-Z” Carter

2018 Wealthiest Angelenos

The couple kept business relatively cool over the past year or so

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48. Jeffrey Gundlach

2018 Wealthiest Angelenos

Gundlach’s DoubleLine Capital saw its assets under management grow to $118 billion by the end of last year.

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47. Aubrey Chernick

2018 Wealthiest Angelenos

Chernick owns El Segundo cybersecurity firm NC4 Inc.

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46. Vera Guerin

2018 Wealthiest Angelenos

Guerin’s wealth comes from her late father Nathan Shapell, who left her a 43 percent stake in Shapell Industries

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45. Gary Winnick

2018 Wealthiest Angelenos

Much of Winnick's wealth tracks to the sale of $734 million worth of Global Crossing stock.

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44. Jeffrey Katzenberg

2018 Wealthiest Angelenos

The veteran media executive is a co-founder of DreamWorks SKG alongside David Geffen and Steven Spielberg.

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43. Sarah MacMillan

2018 Wealthiest Angelenos

MacMillan is the great-great-granddaughter of W.W. Cargill, who started the Cargill Inc. empire by opening a small grain store in Iowa in 1865.

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42. Ray Irani

2018 Wealthiest Angelenos

Irani’s net worth rose as his personal investments in real estate and venture capital offset a drop in Occidental Petroleum holdings.

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41. John Shea

2018 Wealthiest Angelenos

The chairman and co-founder of J.F. Shea Co. saw solid growth in his homebuilding business

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40. Marc Nathanson

2018 Wealthiest Angelenos

Nathanson made much of his fortune in the $3.7 billion sale of his Falcon Communications in 1999 to Charter Communications

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39. Thomas Tull

2018 Wealthiest Angelenos

Tull tracks his fortune primarily to the $3.5 billion sale of his Legendary Entertainment to Dalian Wanda Group in 2016

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38. Nicolas Berggruen

2018 Wealthiest Angelenos

The investor and philanthropist manages his family fortune through Berggruen Holdings Inc.

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37. George Joseph

2018 Wealthiest Angelenos

The founder and chairman of property and casualty insurer Mercury General saw his net worth drop significantly.

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7. Stewart & Lynda Resnick

2018 Wealthiest Angelenos

The sole owners of the Wonderful Co. oversee a network of citrus and nut farms and processing facilities spread across more than 120,000 acres in the San Joaquin Valley.

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Cultural Attraction

Affluent lift Los Angeles to new level in art world

Fine art and L.A.’s wealthiest are elevating L.A.’s reputation in the art world.

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56. Christopher Sacca

2018 Wealthiest Angelenos

Sacca’s wealth comes primarily through his shares of Twitter

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55. Shane Smith

2018 Wealthiest Angelenos

The co-founder of Vice Media Inc.

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54. Bassam Alghanim

2018 Wealthiest Angelenos

Alghanim and his brother, Kutayba, each inherited half of Alghanim Industries after their father’s death in 1992

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53. Lynsi Snyder

2018 Wealthiest Angelenos

Snyder turned 35 this year, getting the final installment of an inheritance

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52. Robert Kotick

2018 Wealthiest Angelenos

Kotick is chief executive of Santa Monica-based Activision Blizzard Inc.

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51. Donald Friese

2018 Wealthiest Angelenos

The owner of glass products company CR Laurence sold the company in 2015 to Irish building supplier Oldcastle Building Envelope for $1.3 billion.

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50. Richard “Ric” Kayne

2018 Wealthiest Angelenos

Kayne is majority owner of the Century City-based investment firm Kayne Anderson Capital Advisers

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COMMENTARY: Why Wealth Matters

We don’t track the fortunes of the folks who populate our annual list of Wealthiest Angelenos simply to keep score on the money.

4. David Geffen

2018 Wealthiest Angelenos

Geffen’s name is synonymous with the music industry, and his fortune has grown steadily on investments made following Geffen Records’ sale in 1990.

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5. John Tu

2018 Wealthiest Angelenos

The wealth of Kingston Technology Corp. co-founder Tu tracks largely to his stake in the company, which bills itself as the “world’s largest independent manufacturer of memory products.”

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Musk’s L.A. Play

Plans for SpaceX, Boring Co. call for new role in public sphere

No. 2 Elon Musk is testing his influence on local government.

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Women & Wealth

L.A.’s wealthiest Women Include Business Leaders, Investors, Heirs

Just how far have women come in the business world?

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6. Eli Broad

2018 Wealthiest Angelenos

Broad built his fortune by co-founding KB Home, the sixth-largest U.S. homebuilder, and insurer SunAmerica, which AIG acquired in 1998 for $18 billion. Broad’s diversified holdings — including $3.2 billion in art along with real estate, annuities, etc. — likely saw gains on the generally strong market for most asset classes over the past yea

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COMMENTARY | AB 3087: Serious Unintended Consequences

Despite the best of intentions—addressing the cost of healthcare as part of the effort to make it more accessible—proposed legislation in California will inadvertently have the opposite effect by reducing the availability of care and the supply of healthcare professionals.

36. Bruce Karsh

2018 Wealthiest Angelenos

The estimate for the co-chairman and chief investment officer of Oaktree Capital Group stayed about flat over the year.

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35. Charles Munger

2018 Wealthiest Angelenos

The vice chairman of Berkshire Hathaway is a longtime friend and business partner of Warren Buffett.

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34. Gary Karlin Michelson

2018 Wealthiest Angelenos

Michelson became a billionaire in 2005 after reaching a $1.35 billion settlement with medical manufacturing giant Medtronic

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33. Michael Eisner

2018 Wealthiest Angelenos

The bulk of Eisner’s worth comes from his ownership stake in Walt Disney Co., where he served as chairman and chief executive from 1984 to 2005.

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32. Antony Ressler

2018 Wealthiest Angelenos

Ares Management, the Century City-based alternative asset manager Ressler co-founded, continues to grow

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31. Lowell Milken

2018 Wealthiest Angelenos

Milken saw an increased valuation of the core holdings of Heron International, a London-based property investment and development company where he has been chairman for more than 20 years.

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30. Neil Kadisha

2018 Wealthiest Angelenos

The bulk of Kadisha’s wealth is tied up in San Diego telecom giant Qualcomm Inc.

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29. Peter Thiel

2018 Wealthiest Angelenos

Thiel has an estimated 10-percent stake in Palantir Technologies Inc., a Palo Alto-based big data firm he co-founded in 2004

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28. Geoffrey Palmer

2018 Wealthiest Angelenos

The Beverly Hills-based developer has built more than 10,000 multifamily units in Los Angeles County

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27. Michael Milken

2018 Wealthiest Angelenos

A significant chunk of this year’s increase in Milken’s net worth is attributed to the $12 billion sale of biotech firm Kite Pharma Inc.

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26. Alec Gores

2018 Wealthiest Angelenos

Estimated growth in Gores’ private equity business, the Gores Group, accounted for much of the increase in his net worth this year.

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25. Don Hankey

2018 Wealthiest Angelenos

Hankey made his fortune by financing subprime car loans starting in 1972 when he acquired the family’s Midway Ford dealership.

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24. Bobby Murphy

2018 Wealthiest Angelenos

Snap Inc. Chief Technology Officer Murphy’s wealth surged upward in 2017 with the company’s initial public offering

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23. Evan Spiegel

2018 Wealthiest Angelenos

Snap Inc. CEO Spiegel’s wealth surged upward in 2017 with the social media company’s explosive initial public offering

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22. Jeffrey Skoll

2018 Wealthiest Angelenos

Skoll’s hedge fund portfolio grew and his stakes in public companies rose in value, though he continues to sell shares to fund his efforts to deliver socially conscious messages.

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21. Eric Smidt

2018 Wealthiest Angelenos

Smidt, who owns 90 percent of the Harbor Freight chain, has in the past used debt to pay dividends, increasing his wealth.

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20. Do Won "Don" & Jin Sook Chang

2018 Wealthiest Angelenos

Husband and wife Do Won “Don” and Jin Sook Chang are 100 percent owners of fast-fashion chain Forever 21, one of the largest clothing retailers in the U.S.

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19. David Murdock

2018 Wealthiest Angelenos

The primary sources of Murdock’s wealth are his ownership of produce distributor and marketer Dole Foods Co. in Westlake Village and its former parent company Castle & Cooke Inc.

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18. Anthony Pritzker

2018 Wealthiest Angelenos

Pritzker is one of 11 heirs to the Chicago-based Pritzker family fortune, including the Hyatt hotel chain. He oversees the family-funded Pritzker Group’s private equity and venture capital businesses.

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17. Sumner Redstone

2018 Wealthiest Angelenos

As of press time, Redstone’s family company, the Massachusetts-based National Amusements, was seeking to merge its Viacom and CBS Corp. units.

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16. Tom Gores

2018 Wealthiest Angelenos

Gores’ net worth increased this year based on an estimated growth in his private equity business and an increase in the value of the Detroit Pistons, 100 percent of which Gores owns.

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15. Haim Saban

2018 Wealthiest Angelenos

he chairman and chief executive of investment firm Saban Capital Group saw an increase in his wealth based largely on the value of his Saban Brands, which was tabulated before the May announcement that it has agreed to sell its Power Rangers and other entertainment brands to Hasbro Inc. for $522 million.

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14. Tamara Hughes Gustavson

2018 Wealthiest Angelenos

The largest shareholder of Glendale-based self-storage giant Public Storage, Gustavson has an 11 percent stake in the company.

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13. Rick Caruso

2018 Wealthiest Angelenos

The real estate developer best known for his Los Angeles County retail centers, The Grove and Americana at Brand, saw an uptick in his net worth thanks to a robust real estate market and the pending opening of his latest project, Palisades Village, a 125,000-square-foot retail center in Pacific Palisades, which is set to bow in September.

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12. Donald & Rochelle Sterling

2018 Wealthiest Angelenos

Donald Sterling still holds nearly all of the real estate he has acquired since the 1960s.

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11. Steven Spielberg

2018 Wealthiest Angelenos

The Academy Award-winning director holds a stake in Amblin Partners, a content and entertainment company where he serves as chairman and chief executive.

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Letter from the Publisher

Los Angeles is a place where people come to build a future and live their dreams.

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10. William Barron Hilton

2018 Wealthiest Angelenos

The son of Hilton Hotels founder Conrad Hiltonran his father’s company and profited from its $26 billion sale to private equity firm Blackstone in 2007.

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9. Edward Roski Jr.

2018 Wealthiest Angelenos

Roski is the founder, president and chairman of Majestic Realty, the largest privately held industrial developer in the U.S. Majestic has a portfolio of 90 million square feet of industrial, office and retail space.

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Trophy Props

L.A.’s wealthiest spend big bucks on high-profile properties, projects

Toys, teams and projects of the mega-rich.

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Top Line on Wealthiest: $219 Billion

Moderate gain over course of unpredictable year; Soon-Shiong still tops

The members of the 2018 Wealthiest Angelenos list combined for an increase in fortune despite a slight decline in their ranks, according to Business Journal estimates.

New Beachhead for Biotech

HEALTH CARE: Veteran sets up in City of Industry

A biotech firm in City of Industry has secured nearly $12 million to market a newly approved drug to treat hypertension in a therapy paired with a digital monitoring platform to help ensure patient compliance.

KCET Set to Share Billing

MEDIA: Deal with OC station ends flight from PBS

KCETLink Media Group Inc.’s proposed merger with PBS SoCal/KOCE-TV Foundation in Orange County aims to create a new center for public broadcasting in Burbank as part of a two-headed public TV station.

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Millennials on Chains’ Menus?

RESTAURANTS: Signs point to trend of younger franchisees

It’s no surprise that the Business Journal’s list of the top restaurant chains is again dominated by fast-food and fast-casual restaurants – concepts based on large-scale operations.

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Hilton’s Other Career; Soon-Shiong’s Ripple

Our annual compendium of Wealthiest Angelenos and related coverage highlight this week’s Business Journal

Kite Adds Production in Europe

HEALTH CARE: Santa Monica-based biopharma to manufacture in Netherlands

The Santa Monica-based Kite pharmaceutical operation has leased a building in the Netherlands to produce its gene-based cancer therapies in Europe, the company announced last week.

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Duarte Startup Raises $9 Million

HEALTH CARE: Moves HQ from City of Industry

Prolacta Bioscience Inc., a biomedical company that develops human milk-based premature-infant formula, has raised nearly $9 million during a funding round.

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DivcoWest, CalSTRS Put L.A. in JV’s Sights

$300M in new commercial real estate fund

San Francisco-based investment firm DivcoWest Real Estate Services and the California State Teachers’ Retirement System last week said they will include Los Angeles as a target market for a $300 million joint venture for commercial real estate investments.

Live From LAX!

Terminal renovations bring bright spot for travelers, local performers

Dragons, music, dancing. What’s going on at LAX?

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1. Patrick Soon-Shiong

2018 Wealthiest Angelenos

Pharmaceutical and biotech billionaire Soon-Shiong has made his fortune starting, building and selling drug companies: APP Pharmaceuticals for $4.6 billion in 2008, and Abraxis BioScience for $2.9 billion in 2010.

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NBA All-Star Game Gives AEG Sponsorship Boost

$95M worth to start year spread over Staples, L.A. Live, StubHub

AEG scores $95 million in sponsorships.

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Deals & Dealmakers: International Calibre

biozol buy is third life sciences deal for PE firm in last two weeks

StoneCalibre continues deal streak.

Uncertainty at California-China Business Summit

Conference chance to normalize relations amid Trump’s tough trade talk

Dedicate discussions at California-China Summit.

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8. Steven Udvar-Hazy

2018 Wealthiest Angelenos

Udvar-Hazy is a pioneer of aircraft leasing, a role that started with the founding of International Lease Finance Corp. in 1973.

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Snap Replaces CFO With Amazon Vet

Shares continue to dip as number of new users for messaging app disappoint

Snap’s CFO out; Amazon’s former VP in.

2. Elon Musk

2018 Wealthiest Angelenos

Shares of Tesla, Musk’s electric car company, were all over the map as this issue headed to press. Problems with producing its mid-market Model 3, and a recall of Model S sedans over a power steering issue caused a drop.

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3. Sean Parker

2018 Wealthiest Angelenos

Parker added a cool $1 billion plus to his net worth after Stockholm-based Spotify went public through a direct listing on April 3.

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STYLE | Breaking Bread

Fabienne Souliès – Pitchoun French Bakery & Café

Don’t try to impress the staff at downtown’s Pitchoun French Bakery and Café by approaching the bakery counter to order a bag of fresh pitchouns to go.

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Thursday, May 17

City of Hope Taps Annette Walker to Develop $200M Cancer Center in OC

City of Hope has hired veteran health care executive Annette Walker to develop a $200 million cancer center in Irvine and expand health care operations throughout Orange County, the hospital announced May 17.

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Nurses at City of Hope Ratify Three-Year Contract

Registered nurses at City of Hope National Medical Center in Duarte have ratified a three-year contract that grants across-the-board wage increases of 16.5 percent.

LA Weekly Moves Downtown

LA Weekly has moved to 724 Spring St. in downtown amid questions about the newspaper’s financial future.

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Silicon Beach Report May 17: Hulu Inks Deal with Vice

Hulu inks deal with Vice; CUJO AI lands Series B; Los Angeles to receive Verizon 5G before 2019.

USC Digital Health Center to Host ‘Hackathon’ to Help Those With Developmental Disabilities

Platoons of computer innovators will soon gather at a USC digital health center for an all-night "hackathon' to invent home-based “voice assistants” for seniors, veterans and those with developmental disabilities.

Updated: Redstone Loses Voting Control Following CBS Board Meeting

Move Follows Block of CBS’s Temporary Restraining Order Against Redstone

CBS shareholders voted to strip Sumner Redstone’s voting control of the company on May 17.

L.A. Kings Teams With BlueEco to Reduce Carbon Footprint, Operating Costs

AEG has brokered a deal between its National Hockey League team, the Los Angeles Kings, and BluEco Technology Group to reduce the operating costs and carbon footprint at the Kings arena and other community ice rinks throughout the city.

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Southern California Business Groups Join Forces to Form Innovation Network

The Los Angeles Venture Association has joined business advocacy groups in Orange County and San Diego to form a network to help draw more capital for startup companies throughout the region.

Custom Content: Pasadena Ad Agency Celebrates 10 Years

Los Angeles Business Journal

This spring, Pasadena-based advertising agency Echo-Factory is celebrating its 10th anniversary. Today, the 18-person agency has completed more than 8,000 projects for a roster of clients that includes Cedars-Sinai, GE, Honda, Audi, MagLite and others.

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Wednesday, May 16

UCLA Bioengineers Develop 3D Printer to Create Complex Biological Tissues

Bioengineers at UCLA have developed a 3D printer to make complex biological tissues that could be used in medical transplants and surgeries.

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Banc of California Stadium to Expand Entertainment Offerings

Banc of California stadium hired Adam Friedman to run a new entertainment division, according to a May 16 announcement by Tom Penn, president of LAFC Sports, which owns the city’s Major League Soccer team.

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L.A. Real Estate Developer Charged With Bribery

The FBI has arrested commercial real estate developer Arman Gabaee, co-founder and co-managing partner of the Hollywood-based Charles Co., on criminal charges alleging he illegally paid off a Los Angeles County government employee who negotiated leases on the county’s behalf.

Silicon Beach Report May 16: Quarterback Gets $2.5 Million to Boost E-Sports Efforts

Quarterback gets $2.5 million to boost e-sports efforts; European Court rules against Netflix; Block 5 returns unscathed.

Differential Brands Names Borromeo President of Hudson Jeans

Differential Brands Group Inc. has named Maria Borromeo president for its Hudson Jeans brand, the company announced May 16.

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Tuesday, May 15

L.A. Area Inflation Rate Rises to 4 Percent; Highest in Decade

The local inflation rate rose to 4 percent year-over-year in April, the fastest rate in a decade, according to federal data recently released.

Pelican Products to Host UK Entrepreneur Program in Torrance

Pelican Products, makers of protective cases for a range of products, is sponsoring a pilot program that will bring six UK-based entrepreneurs to the company’s headquarters in Torrance for training this fall.

LAFC Moving to 25K SF Space Downtown

Los Angeles Football Club has signed a lease for 25,000 square feet of office space to house its headquarters at 818 W. 7th St. in downtown Los Angeles, CBRE Group Inc. announced.

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Kite, a Gilead Co., of Santa Monica, Expands in Europe

Kite, a Gilead Company, a biopharmaceutical company based in Santa Monica, has leased a building in the Netherlands to produce its gene-based cancer therapies in Europe, the company announced May 15.

Silicon Beach Report May 15: Atom Tickets Inks Deal with Landmark Theatres

Atom Tickets inks deal with Landmark Theatres; Ride Share companies waive arbitration for sexual misconduct cases; Tinder gets settlement from Tantan.

Mental Health Awareness: Neuroimaging Technique May Help Predict Autism

Custom Content by the Los Angeles Business Journal

Brain patterns precede behavioral symptoms of autism, NIH-funded study suggests

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CBS Suit Against Redstone Threatens ‘Nuclear Option’

Sumner Redstone’s daughter Shari Redstone said May 15 that CBS Corp. cannot legally dilute the 94-year-old’s shareholder control.

Mental Health Awareness: New State of Mental Health Report Shows Issues Troubling America’s Youth

Custom Content by the Los Angeles Business Journal

Late last year, and for the fourth year in a row, Mental Health America (MHA) released its annual State of Mental Health Report, which ranks all 50 states and the District of Columbia based on several mental health and access measures.

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Mental Health Awareness: Depression’s “Transcriptional Signatures” are Different in Men than they are in Women

Custom Content by the Los Angeles Business Journal

Divergent illness processes may point to sex-specific treatments

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Mental Health Awareness: New Processing Technique Helps Researchers Use Electronic Health Records to Study Biological Contributors to Mental Illnesses

Custom Content by the Los Angeles Business Journal

Symptom dimensions based on NIMH research domain criteria definitions linked to genes relevant to psychopathology

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Prolacta Bioscience Raises $9 Million

Prolacta Bioscience Inc., a biomedical company that develops human milk-based premature-infant formula, has raised nearly $9 million during a funding round.

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UCLA Receives $13.6 Million to Study Dementia Care

The UCLA Division of Geriatrics has received $13.6 million to study the best way to serve a growing number of Americans suffering from dementia.

Mental Health Awareness: New Report Shines Spotlight on Impact of Workplace Stress and Mental Health

Custom Content by the Los Angeles Business Journal

In collaboration with the Faas Foundation, Mental Health America (MHA) late last year released an eye-opening report titled “Mind the Workplace,” which includes findings from a two-year research project to understand more about the impact of mental health concerns in the workplace.

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MBA Guide: Business Schools Foster New Paths to Entrepreneurship

Custom Content by the Los Angeles Business Journal

Launch of new AACSB brand strengthens organization mission and inspires educators, business, and students to adapt and lead in a changing world.

MBA Guide: Innovation and Creativity is the Chief Goal in MBA Delivery Among Business Schools

Custom Content by the Los Angeles Business Journal

Ensuring that MBA programs are taught in ways that maximize engagement with students and do not conform to typical teaching models is the biggest challenge facing senior business school decision makers,

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MBA Guide: Understanding How Adults Learn

Custom Content by the Los Angeles Business Journal

A variety of sources provides us with a body of fairly reliable knowledge about adult learning.

MBA Guide: Research Highlights Impact of Female Talent on Organizational Success

Custom Content by the Los Angeles Business Journal

A recent study by the Center for Creative Leadership (CCL),

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MBA Guide: Mount Saint Mary’s University

Custom Content by the Los Angeles Business Journal

The MBA program at Mount Saint Mary’s University is an intimate, sixteen-month business program designed to empower ambitious executives and working professionals with the tools they need to transform their organizations and manage the multitude of issues confronted by today’s business leaders.

MBA Guide: CSULB College of Business Administration Graduate Programs

Custom Content by the Los Angeles Business Journal

In today’s rapidly evolving global economy, job seekers need the right training and tools to stay competitive.

MBA Guide: Biola University’s Crowell School of Business

Custom Content by the Los Angeles Business Journal

Biola University’s Crowell School of Business equips and empowers women and men in business to lead influentially in the business realm.

MBA Guide: Michigan Ross Executive MBA Program – 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.

MBA Guide: University of La Verne - Educating Business Leaders Across the Globe

Custom Content by the Los Angeles Business Journal

They work for municipalities and major corporations such as Aerojet, American Express, Los Angeles County, and MTV.

Petersen Foundation Donates $1M to Altadena Child Services Nonprofit

The Margie and Robert E. Petersen Foundation has awarded $1 million – the largest gift ever – to Five Acres, an Altadena-based child and family services nonprofit.

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Monday, May 14

Ports’ Cargo Numbers Mixed in April

The Port of Long Beach saw a 10.8 percent increase in cargo movement for the month of April compared to the same time last year. Port of L.A. on the other hand, recorded a decline.

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MBA Guide: An MBA from Woodbury University - Your Competitive Edge

Custom Content by the Los Angeles Business Journal

How do you turn a job into a profession, and turn a profession into a career?

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New President at Adventist Health Glendale

Alice Issai was previously with USC Keck Hospital and Norris Cancer Hospital

Adventist Health has appointed Alice Issai as president of Adventist Health Glendale, the hospital system announced Monday. She will assume her post on July 2.

MBA Guide: The California Lutheran University School of Management - Shape the Future of Business, Starting with Your Career

Custom Content by the Los Angeles Business Journal

Cal Lutheran’s School of Management offers graduate business programs designed to provide the environment, flexibility and support you need to succeed.

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MBA Guide: College of Business Administration at Cal Poly Pomona

Custom Content by the Los Angeles Business Journal

As Southern California’s only polytechnic university, the College of Business Administration (CBA) at Cal Poly Pomona takes pride in building tomorrow’s leaders through a learn by doing approach to education.

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MBA Guide: CSUN David Nazarian College of Business and Economics

Custom Content by the Los Angeles Business Journal

Mid-career professionals improve management and leadership skills, enjoy professional advancement and have more fulfilling careers when they earn an MBA from the part-time evening program at California State University, Northridge’s AACSB-accredited David Nazarian College of Business and Economics.

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CalSTRS Strikes Joint Venture With DivcoWest Real Estate

San Francisco-based investment firm DivcoWest Real Estate Services has entered into a $300 million joint venture with the California State Teachers’ Retirement System, which will focus on acquiring commercial real estate throughout the nation.

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MBA Guide: Loyola Marymount University

Custom Content by the Los Angeles Business Journal

Loyola Marymount University’s nationally- ranked and accredited graduate business programs have a lot to offer

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MBA Guide: UCLA Anderson School of Management

Custom Content by the Los Angeles Business Journal

UCLA Anderson School of Management is a world renowned learning and research institution with a decidedly forward focus.

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Silicon Beach Report May 14: U.S. Supreme Court Legalizes Sports Betting

U.S. Supreme Court legalizes sports betting; Snap Inc. officially tweaks App; Facebook suspends 200 Apps.

U.S. Supreme Court Legalizes Sports Betting

The United States Supreme Court ruled by a vote of 6-3 to lift the federal ban on sports betting and put the matter at the hands of each state. The ruling gets rid of a 1992 law that made sports betting outside of Nevada, as well as a few other exceptions, illegal.

MBA Guide: Pepperdine Graziadio Business School - Best for the World Leaders

Custom Content by the Los Angeles Business Journal

The Pepperdine Graziadio Business School recently surveyed more than 1,000 millennials about their job prospects, current careers and future goals in the smart machine age.

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Aadi Bioscience Raises $23 Million

Aadi Bioscience Inc., a clinical-stage biotechnology company based in Pacific Palisades, has announced the finish of a $23 million series A funding round.

MBA Guide: USC Marshall School of Business

Custom Content by the Los Angeles Business Journal

The USC Marshall School of Business is a school of firsts

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MBA Guide: The Executive MBA Council and LinkedIn Team Up to Measure Return on Education for Executive MBA Graduates

Custom Content by the Los Angeles Business Journal

Survey finds 72 percent of EMBA graduates say business degrees make a significant impact on career progression

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Friday, May 11

State Pot Revenues Lag Way Behind Projections

Black market, licensing holdups blamed

California took in $61 million in revenues during the first quarter from the legalized marijuana industry, far below projections, state officials reported May 11.

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Private Sector Must ‘Punch Through Polarization’

Anyone who has crept along the 405, experienced brownouts or navigated through congestion at LAX understands the impacts aging infrastructure can have on the quality of our lives, our productivity and even our state of mind.

Wavemaker Three-Sixty Health Launches $25M Fund for Value-Based Health

Wavemaker Three-Sixty Health LP, a venture capital firm based in Pasadena, has launched a fund centered on value-based health practices.

Silicon Beach Report May 11: SpaceX Launches Block 5 on Second Try

SpaceX launches Block 5 after aborting Thursday; Millenials have strong feelings over Snapchat redesign; Overwatch Finals moved to Brooklyn.

Anne Wellington to Lead Cedars-Sinai Accelerator for Health Care Startups

Cedars-Sinai Medical Center has hired health care business veteran Anne Wellington to lead its business accelerator program, the hospital announced May 11.

Karshes Lead $44 Million Donation to UVA Law School

Oaktree Capital Management’s Bruce Karsh and his wife Martha have announced plans to donate $25 million towards a $44 million total gift to the University of Virginia Law School, where the couple first met as law students.

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Shire Could Take Hit in L.A. on Takeda Sale

Facility in Atwater Village employs 1,500

Takeda Pharmaceutical Co. has agreed to buy Dublin-based Shire PLC for $62 billion in a deal announced May 8 that could affect hundreds of Shire employees in Los Angeles.

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Taxi Service Looks Up

Skyryde offers short plane rides to passengers who want to avoid congested roads

JB Adkins, founder of Skyryde Inc., was “kind of rolling my eyes” when he heard that Uber Technologies Inc. partnered with NASA to hash out a flying taxis project.

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United Adds to Summer Schedule

Airline’s plans follow $600 million terminal renovation

No summer break for United Airlines’ operation at Los Angeles International Airport.

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Rockefeller Collection to Villaraigosa, Election

Art and wealth crossed paths in a big way last week in New York, where the late Peggy and David Rockefeller’s collection had already set a world record at an auction by Christie’s that was ongoing as of press time.

Ups, Downs for Hospitals

Trend of clinics, affiliations continues

Hospitals across Los Angeles County saw an average 2 percent drop in net patient revenue last year.

Bill Spooks Apparel Cos.

Calls for warning label on synthetic clothing

Legislation to require warning labels on garments made of synthetic fabric draws ire of apparel makers.

TOP DOG

Dodger delicacy laps competition 56 years after introduction

Dodger Dogs lead the big leagues with 2.7 million sold at the ballpark.

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Court Ruling Reveals Data Gap on 500,000 Jobs

New standard could open door for lawsuits

California Supreme Court ruling shines light on sizeable yet mysterious segment of workforce in L.A. County.

Health Care Special Report: Signs of Health

Los Angeles County’s health care sector is a vital part of our market’s quality of life as well as a crucial segment of our economy

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Health Care Special Report: BioSig’s Device Aims for Arrhythmia Market

BioSig Technologies Inc. could be poised to break into the nearly $5 billion global electrophysiology market after nearly a decade of research and development.

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Health Care Special Report: $1 Billion for Bioscience

Industry’s Growth in L.A. County Reflected in NIH Funding

Bioscientists across Los Angeles County received $1 billion in federal research funding last year, a $100-plus million increase over 2016, according to a statewide report.

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Beutner’s Assignment

Credit Austin Beutner as an executive who isn’t afraid of a high-wire act.

STYLE | Accounting for Taste

Alyssa Weinberger I Lido Advisors

No need to tell Alyssa Weinberger, senior managing director at Lido Advisors in Century City, about the value of a dollar.

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Private Equity Takes Top Spot in L.A. RE Scene

Funds go for riskier deals with end of cycle seen on horizon

Private equity takes center stage on Los Angeles deals.

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L.A. Plastic Surgeons Get Top Marks

Northwestern Med School checks online reviews to make determination

Study by Northwestern University gives top marks to L.A.’s plastic surgeons.

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Pomona DoubleTree Puts School Ties on Menu

Newly opened restaurant to count Cal Poly ag school, local farms as suppliers

New restaurant at Doubletree by Hilton Pomona counts on local university, farmers as suppliers.

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Deals & Dealmakers: City National Doubles Down

Sets up second office, gets another high-profile sign on downtown’s skyline

Skyline addition for City National’s downtown profile.

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Staples Goes Dark

Unusual emptiness as Lakers, Clippers miss playoffs, Kings exit early

Arena has unusually quiet spring as misses, early exit mar post-season for local teams.

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Thursday, May 10

Rexford Industrial Realty Buys 36-Acre Property in Commerce

REIT also picked up industrial space in Anaheim, sold Ontario properties

Rexford Industrial Realty Inc., a Westside-based real estate investment trust, has bought two industrial properties – one in Commerce, the other in Anaheim – for a total price of $127.1 million, the company announced.

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Rogers & Cowan Buys London Fashion Marketers

Public relations firm Rogers & Cowan Inc. expanded its stake in fashion with the May 10 announcement that it has acquired ITB Worldwide, a London entertainment marketing agency with high-profile clothing companies and individual, European-based talent.

Silicon Beach Report: Uber to Test Air Taxis in Los Angeles

Uber to test air taxis in Los Angeles; Snapchat hosts Creators Summit; Arrowroot pours $38 million into ClickFox.

Wednesday, May 9

WeWork Donating Space to Clean Energy, Smart Manufacturing Group

WeWork Cos. Inc. is donating space at its 10250 Constellation Blvd location in Century City to house the headquarters of Clean Energy Smart Manufacturing Innovation Institute (CESMII), a $140 million partnership between UCLA, the City of Los Angeles, the U.S. Department of Energy and the private sector.

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Soon-Shiong’s Purchase of LA Times Still Weeks Away

Patrick Soon-Shiong will close his purchase of the Los Angeles Times from tronc Inc. in a few weeks, said tronc CEO Justin Dearborn during a shareholder call May 9.

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Edelman Extends Lease for 30,500-SF Space at 5900 Wilshire

New York-based public relations and marketing company Edelman has signed a five-year extension of its lease at 5900 Wilshire Blvd on the Miracle Mile, landlord Ratkovich Co. announced.

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Beyond Meat Plans Global Distribution

Beyond Meat, makers of plant-based meat substitute products, announced its plan to enter the global market beginning this summer.

Long Beach Airport Slated for $59M Improvements

The Long Beach City Council on May 8 voted unanimously to award a three-year, $59 million contract for terminal-area improvements at Long Beach Airport.

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USC Receives $10M Gift for BioMedical Research of Blindness

A $10 million gift to USC by a retired ophthalmologist and his wife will boost funding for advanced research into debilitating neurosensory diseases such as blindness, the university announced May 9.

Silicon Beach Report May 9: Ring Launches Neighbors App

Ring launches Neighbors app; SpaceX Block 5 strives for reusability, Cornerstone OnDemand adds to board.

Tuesday, May 8

USC Receives $20M Gift to Create Center for Healthy Aging

A $20 million gift to USC will create a research center on healthy aging and longevity as the world’s population ages, the university announced May 8.

Takeda Picks Up Shire for $62 Billion

Deal could impact Los Angeles jobs

Takeda Pharmaceutical Co. has agreed to buy Dublin-based Shire PLC for $62 billion in a deal announced May 8 that could affect hundreds of Shire employees in Los Angeles.

Two Hyatt-Branded Hotels in Development Near LAX

Dual-branded Hyatt hotels are under development near Los Angeles International Airport at 5959 W. Century Blvd, according to the hotel company and CaRE Development/5959, an affiliate of Westside-based California Real Estate Regional Center.

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Silicon Beach Report May 8: ServiceTitan Among Top 25 Cloud Companies to Work For, Report Finds

ServiceTitan named Top 25 cloud company to work for; Fandango and Atom Tickets partner with

Nestle Strikes $7.2B Deal to Sell Starbucks Coffee

Nestlé S.A. has agreed to pay $7.15 billion to sell coffee with the Starbucks brand, according to Bloomberg. The third-largest acquisition in Nestle’s 152-year history constitutes upfront payment for marketing licenses and does not include any physical assets.

AEG Proposes $1.2B Convention Center Expansion

Anschutz Entertainment Group has proposed a $1.2 billion expansion of the Los Angeles Convention Center that would add as much as 350,000 square feet to the facility, including 250,000 square feet of meeting rooms.

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Monday, May 7

Two Former Tetra Tech Supervisors Sentenced for Falsifying Records at Cleanup Site

Two former Tetra Tech Inc. supervisors have each been sentenced to eight months in federal prison for falsifying records for a nuclear radiation cleanup at a San Francisco naval shipyard, federal prosecutors announced May 3.

Tech Co. Ring Moving to Hawthorne

Home security company Ring is moving its headquarters from Santa Monica to Hawthorne early next year, becoming the latest technology business to set up shop in the city that once was an aerospace hub.

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CUSTOM CONTENT: For Long-Term Success in any Business, Think Like a Farmer

Trusted Advisors

For those of us who live and work in cities, the world around us is the ‘here and now.’

Health Care Leadership Forum & Awards: How Lean Management Is Transforming Healthcare

Custom Content by the Los Angeles Business Journal

For most healthcare organizations, developing a strategic plan is much easier than executing it.

Silicon Beach Report May 7: Snap’s new CFO comes from Amazon, cryptocurrency hack targets Drupal sites

Snap taps Amazon exec as CFO; UCLA among 400 sites caught in cryptocurrency hack; Sirius XM opening in Hollywood

Sirius XM Leases Hollywood Space for West Coast Programming HQ

Sirius XM Holdings Inc. has signed a long-term lease for about 27,000 square feet of office space at 953 N. Sycamore Ave. in Hollywood to house its West Coast programming headquarters, according to Mid-Wilshire-based landlord CIM Group Inc.

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Snap Names New Chief Financial Officer

Snap Inc. is changing chief financial officers from Drew Vollero to Tim Stone, a move that comes as the app company’s stock price is in sharp decline.

Ralphs Exec's Estate Gives $1M to USC Food Business Program

The estate of the late Ralphs Grocery Co. chief executive Byron Allumbaugh has donated $1 million to establish a scholarship program for students in the USC Marshall School of Business’ food industry leadership program.

Tourists Injected $22.7 Billion in Local L.A. Economy Last Year

Tourists visiting Los Angeles County pumped a record-setting $22.7 billion into the local economy last year, the L.A. Tourism and Convention Board announced on May 7.

EP Wealth Advisors Names Goshtigian Chief Executive

EP Wealth Advisors, a money management firm based in Torrance, has named Patrick G. Goshtigian as its first chief executive officer, the company announced May 7.

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Health Care Leadership Forum & Awards: Finalists

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VIK BAKHRU ConsejoSano SOPHIA CHAN Monrovia Gardens Healthcare Center MARC ECKSTEIN Los Angeles Fire Department ERIKA ESTRADA L.A. Care Health Plan NANCY FREEDMAN Encino Plaza Surgical Center PAUL GOMEZ Polsinelli LLP DR. MIKAYEL GRIGORYAN Adventist Health Glendale BARBARA B. HINES QueensCare RYAN IWAMOTO 24Hr HomeCare THOMAS E. JACKIEWICZ Keck Medicine of USC SKYE KELLY Heal One World TOBIAS KENNEDY Montage Insurance Solutions JOE KIANI Masimo DR. ROBERT KLAPPER Cedars-Sinai Medical Group DR. TODD LANMAN Lanman Spinal Neurosurgery CAROL K. LUCAS Buchalter DR. DAVID LUNA Saban Community Clinic DR. AHMED MAKI Los Angeles Center for Cosmetic Surgery JOE MANNIS Project Angel Food ABNER MASON ConsejoSano PRECIOUS MAYES WAVE Innovations LOUISE MCCARTHY Community Clinic Association of Los Angeles County GLENN D. PASCUAL Kaiser Permanente MARGARET R. PETERSON California Hospital Medical Center Dignity Health MARK K. PILON Susan G. Komen, Los Angeles County STEVEN ROSEN City of Hope STEPHEN SAMUEL Premier Pharmacy Services ROGER SEAVER Henry Mayo Newhall Hospital TONY SINAY California State University Long Beach JOHNESE SPISSO UCLA Health RALPH TERRAZAS Los Angeles Fire Department CRAIG E. THOMPSON APLA Health ERIK WEXLER Providence St. Joseph Health Southern California ZEIN OBAGI ZO Skin Health, Inc ALCOHOLISM CENTER FOR WOMEN CEDARS-SINAI MEDICAL CENTER EISNER HEALTH FIRST SERENITY HOSPICE HENRY MAYO NEWHALL HOSPITAL OSCAR HEALTH SABAN COMMUNITY CLINIC SHRINERS FOR CHILDREN MEDICAL CENTER TWIN TOWN TREATMENT CENTERS - WEST HOLLYWOOD

Salute to Small Business: 504 LOANS NOW AVAILABLE WITH 25-YEAR DEBENTURE

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SBA Administrator Linda McMahon has announced that the U.S. Small Business Administration is offering a 504 Loan and the Debenture that funds it with a 25-year maturity.

Salute to Small Business: The SBA Franchise Directory Simplifies Processes to Help Entrepreneurs Access Capital

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The U.S. Small Business Administration created the SBA Franchise Directory earlier this year which has streamlined the process for entrepreneurs looking to access capital.

Salute to Small Business: How Small Businesses Can Gain a Competitive Edge

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Lincoln Financial Group has shared three financial planning tips for small business owners to help them gain a competitive edge in the marketplace.

Salute to Small Business: Consider Pasadena as the Home for Your New or Emerging Business Venture

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Starting your own business is a time of great excitement and uncertainty.

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Salute to Small Business: LOS ANGELES INVESTMENT FIRM NAMED SMALL BUSINESS INVESTMENT COMPANY OF THE YEAR

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Avante Mezzanine Partners, a woman-owned fund of Los Angeles, Calif.

Salute to Small Business: New Study Reveals Optimistic Attitudes Among Majority of Small Business Owners in 2018

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Survey finds more than 86 percent of small businesses are optimistic about the future; most common challenges across industries include tax preparation and marketing tactics

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Friday, May 4

USC Receives $4 Million in Federal Funds to Study Arthritis

The Keck School of Medicine of USC has received more than $4 million to research arthritis.

Air Quality Board Orders New Rules to Reduce Emissions

Impacts new development and certain facilities

Local air quality regulators on May 4 ordered the development of new rules targeting warehouses, rail yards, the San Pedro ports, airports and new development.

Southern California Warehouses May Have to Regulate Trucking Pollution

The South Coast Air Quality Management District moved a step closer in regulating pollution stemming from trucks by focusing on a different sector of the cargo movement supply chain: warehouses.

STYLE | Cassowary Tale

John R. Lewis – Los Angeles Zoo and Botanical Gardens

Los Angeles Zoo Director John R. Lewis worked hard to tidy up his office the day before a visit from the Business Journal but confessed that when no one’s watching he tends to cover his desk and tables with carefully sorted books and papers.

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Long Beach Q1 Airport Traffic Up Nearly 10 Percent

Passenger traffic at Long Beach Airport rose 9.7 percent during the first quarter to nearly 1 million, according to figures released May 4 by airport officials.

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Silicon Beach Report May 4: Google Partners with Fandango

Google partners with Fandango; Layoffs at Uproxx Media Group; lawmakers call for diversity in tech.

Hotel MdR in Marina del Rey Sells for $127 Million

London & Regional Properties, a United Kingdom-based real estate developer, has purchased its first U.S. hotel, the 283-room Hotel MdR – a DoubleTree by Hilton Hotel at 13480 Maxella Ave. in Marina del Rey, according to HFF Inc., a Dallas-based capital markets and commercial real estate brokerage firm.

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Imagine That

Imagine a world where advances in drones and electro-magnetics mean cargo ships can sit a mile offshore as flying machines pick up the containers and carry them to waiting rail cars and trucks.

California Millennials Versus Machines

Concerned that automation is replacing jobs, San Francisco Supervisor Jane Kim has been promoting a statewide tax on “robots” that automate tasks formerly performed by…well, humans.

South L.A. Home Prices Up 100+ Percent

Median soars in select neighborhoods, population of 20-somethings swells

Home prices zoom in South Los Angeles.

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Lynwood App Developer Sets Expansion Plans

Startup to use funds from Sequoia to add 50 workers, target drivers outside state

Trucking app developer gears up to hire and expand on the tail of a recent funding round.

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L.A. Region’s $431B in Trade Worth Celebrating

Organizations to host trade-related events throughout month

The business community in L.A. County, which set the pace on World Trade Week nearly 100 years ago, is getting set for the latest annual celebration.

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Deals & Dealmakers: Fuel for Brand-Focused Firms

Monogram Capital raises $152 million with eye on consumer products

Monogram Capital Partners raises $152 million with focus on branded goods.

Economy of Elegance

Study attributes $430M in economic impact to Getty-sponsored, region-wide arts event By MATThew BLAKE Staff Reporter

Economists tabulate a $376 million impact on L.A. County from Pacific Standard Time, a wide-reaching presentation of art exhibits sharing a common theme.

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$162M for 644-Unit Apartment Portfolio

Multiple buyers for eight separate properties

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

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Chicken of the Sea Moves to El Segundo

FOOD PROCESSING: Relocates 150 employees; partners with aquarium on education

Chicken of the Sea International, providers of canned seafood products, moved its North American headquarters to El Segundo from San Diego, the company announced last week.

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Embodied Inc. Raises $12 Million

TECHNOLOGY: Pasadena firm builds robots as health aides

Embodied Inc., a Pasadena-based socially assistive robotics and artificial intelligence company that develops companion care and wellness robots, has raised more than $12 million from investors, according to a securities filing.

Aecom Writes the Book; Milken Brings the Media

Guests at the “Cocktails & Conversation” reception Aecom boss Mike Burke hosted during the Milken Institute Global Conference last week might have had to check twice at first glance.

Home Is Where Luxe Buyer Is

REAL ESTATE: Top agents see domestic demand on rise

L.A. County’s top-selling residential real estate agents are finding more business at home these days.

Battle Brews On Rent Control

REAL EStATE: Ballot measure would lift state limits

Landlords and developers are girding for a fight over an initiative to repeal a state law that has limited rent control.

SWA Aims for Altitude in LB

TRANSPORTATION: Will seek to add as competitor cuts

Southwest Airlines hopes to take up the slack that will be left when JetBlue reduces daily flights at Long Beach Airport.

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Startup’s Sales Pitch: Smart Billboards

TECHNOLOGY: Data gleaned from passersby key

Manhattan Beach-based startup Accretive Media sees enormous potential in a blend of Bid Data and smart billboards.

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Cargo Crunch

First phase of LAX plan for revamp could cost $425 million

Los Angeles International Airport outlines designs to double its cargo facilities.

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Thursday, May 3

Relativity Media Finds Buyer

Relativity Media announced May 3 that is has found a buyer in UltraVHoldings, which is a combination of asset management firm Sound Point Capital Management and RMRM Holdings.

Staar Surgical Shares Soar After Record 33-Percent Q1 Jump in Sales

Staar Surgical Co., which manufactures implantable lenses for the eye, announced a record 33-percent jump in sales for the first quarter on growth occurring in China, Korea and Japan, according to a securities filing.

Silicon Beach Report May 3: Hulu Hits 20 Million Subscribers

Hulu hits 20 million subscribers; eHarmony data scientist hired by Facebook; On-Demand car wash coming to Los Angeles.

Act 1 Group Named One of Fastest Growing Women-Owned Businesses

An L.A.-based company was included on a list of 50 fastest-growing, women-owned business, as ranked by the non-profit Women Presidents’ Organization.

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Bank of America Names New Entertainment Head

Bank of America Merrill Lynch named a new head for their entertainment industries group, tapping Jason Feuerstein, former head of the MUFG Union Bank’s entertainment group.

Digital Health Care Co. Casetabs Raises $6 Million

Casetabs Inc., a digital health care company that coordinates surgical care, has received $6 million in investor financing.

Wednesday, May 2

Kite Sells $40M in Cellular Blood Cancer Treatments

Kite, a Santa Monica-based subsidiary of Gilead Sciences Inc., sold $40 million of its personalized blood cancer therapy in the first quarter, which beat an $18 million consensus forecast for Yescarta.

Three Charter Schools in L.A. Join Teachers Union

The teachers will join the United Teachers Los Angeles union

Teachers at three charter schools in the Alliance College Ready Public Schools network opted May 2 to join the United Teachers Los Angeles union, marking a major breakthrough in the union’s four-year effort to unionize the largest local charter network.

L.A. City Council Passes Short-Term Rental Rules

The Los Angeles City Council on May 2 unanimously approved the first set of proposed rules to govern Airbnb Inc. and other companies in the short-term rental industry.

Alzheimer’s Eye Test Firm Raises $11M

Tech was developed at Cedars-Sinai

A Sacramento company whose eye-scanning test to pinpoint Alzheimer’s was developed at Cedars-Sinai has raised $11.2 million in financing.

Chicken of the Sea Moves North American HQ to El Segundo

Chicken of the Sea International, providers of canned seafood products, moved its North American headquarters from San Diego to El Segundo, the company announced May 2.

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Silicon Beach Report May 2: Soothe Raises $31 Million, Heads to Vegas

Soothe raises $31 million, heads to Vegas; Snap doubles down on redesign; SpaceX commercial missions delayed.

Saban Brands to Sell Power Rangers to Hasbro for $522M

Century City-based Saban Brands, creators of the live-action Power Rangers children’s show, agreed to sell the brand to Hasbro Inc. for $522 million, the companies announced May 1.

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Caltius Equity Partners Invests in Health Payment Systems

Caltius Equity Partners has made a “significant investment” in Health Payment Systems Inc., a health care billing and payments company based in Wisconsin, company executives announced May 2.

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Tuesday, May 1

Embodied Inc. Raises $12 Million

Embodied Inc., a Pasadena-based socially assistive robotics and artificial intelligence company that develops companion care and wellness robots, has raised more than $12 million from investors, according to a securities filing.

LAUSD Board Names Beutner as Next Superintendent

The Los Angeles Unified School District board on May 1 named former investment banker and L.A. mayoral aide Austin Beutner as the district’s next superintendent.

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Silicon Beach Report May 1: Snapchat Stock Plummets

Snapchat stock plummets; Apple stock rises; Tech recycler sentenced to 15 months.

2018 CTO Awards: SARAVANAN GURUMURTHY

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IT legend Saravanan Gurumurthy is a seasoned financial services technology executive with extensive global management experience in shaping and delivering strategic technology solutions for large investment banks and FinTech companies, linking business strategies and technology decisions to create sustainable success.

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2018 CTO Awards: USC IT TEAM

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The USC Village IT project team is comprised of staff members from across USC Information Technology Services, including staff from the Network Engineering and Communications Infrastructure, Information Security, Identity and Access Management, Service Management, Field Services, and Customer Service groups.

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2018 CTO Awards: DAVID RYAN

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David Ryan, Managing Partner for CITech, is a 32 year professional within the technology industry.

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2018 CTO Awards: JONATHAN JONES

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Jonathan Jones is Vice President and Director of Information Technology at Wedbush Securities.

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Platinum Equity Portfolio Company Merges with Competitor

Combined company worth estimated $1.5B

Beverly Hills-based Platinum Equity’s portfolio company, Interior Logic Group, announced its merger with competitor Interior Specialist Inc. on May 1. Terms of the deal were undisclosed.

2018 CTO Awards: FRANK OROZCO

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Frank Orozco is Chief CDN Technology & Products Officer at Verizon Digital Media Services.

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2018 CTO Awards: TED ROSS

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Ted Ross is passionate about the use of technology to improve the lives of Los Angeles’ four million residents, 500,000 businesses, and 48 million annual visitors.

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Pasadena Apartment Complex Acquired, Rebranded

Greensboro, N.C.-based real estate investment company Bell Partners Inc. has acquired its second Los Angeles County multifamily property, The Ellington, a 212-unit apartment complex at 3330 E. Foothill Blvd in Pasadena, and renamed it Bell Pasadena, for an undisclosed purchase price.

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2018 CTO Awards: Congratulations to the 2018 Nominees!

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Christina Aguilera Walt Disney Studios Nancy Baca The Walt Disney Company Scott Bendar FreedomPop Daniel Bouganim SnapMD, Inc.

Trader Joe’s Launches Podcast About the Grocery Store Chain

Monrovia-based Trader Joe’s announced May 1 that they will do a five-part podcast “Inside Trader Joe’s,” which, “literally takes listeners inside the company for the scoop on what makes Trader Joe’s – Trader Joe’s,” according to the announcement.

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2018 CTO Awards: Blockchain Technology and the “ABCs” of “ICOs”

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Bitcoin and other cryptocurrencies saw their values skyrocket during 2017.

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Getty Sponsored Art Event Generated Nine-Figure Revenue, Thousands of Jobs

The Getty Foundation sponsored and partly bankrolled “Pacific Standard Time: LA/LA” multi-venue art event generated $430 million in economic activity and 4,080 jobs, according to a Los Angeles Economic Development Corporation report released May 1.

2018 CTO Awards: Boingo Wireless Wins in Culture, Innovation and Talent

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Los Angeles is now one of the world’s fastest growing tech ecosystems.

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USC to Join $1.5 Billion NIH Study on Precision Medicine

USC has joined a $1.5 billion study led by the National Institutes of Health to track the health of a million Americans to advance precision medicine, university officials announced May 1.

2018 CTO Awards: Finalists

Custom Content by the Los Angeles Business Journal

In late 2016, Erich Gazaui joined Loot Crate and is now the Chief Information Officer where he is restructuring the department, focusing on initiatives for scalable growth, infrastructure stability and process maturity; using internal systems to codify business logic, providing the company with a competitive advantage and erecting a higher barrier to entry for others in the subscription box space.

Most Influential Minority CPAs: ANITA WU

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Anita Wu joined Green Hasson Janks in 2000 and has more than 20 years of auditing experience within the entertainment industry.

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Most Influential Minority CPAs: NATALIA VELEZ

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Natalia Velez had a decidedly unique journey to becoming a top partner at MGO, one of the fastest growing accounting firms in the nation.

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Most Influential Minority CPAs: MOHAMED SOBHY

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Mohamed Sobhy has over 27 years of accounting and auditing experience with public and private entities, and has significant expertise in auditing companies in the consumer and industrial products, construction and healthcare industries.

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