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Silicon Beach Report April 19: Hello Sunshine Considers Book Subscription Box

Hastings not worried about Disney Plus; Thorn gets share of $280 million; Hello Sunshine Ventures into subscription box market.

Unemployment Down in L.A. County as Jobs Grow, Workforce Shrinks

L.A. County’s unemployment rate in March dipped slightly to 4.6 percent, the combined effect of a modest gain in jobs and several thousand workers leaving the labor force.

Judge Approves Sale of Verity

HEALTH CARE: KPC gets St. Vincent, St. Francis hospitals

Bankruptcy judge approves sale of Verity Health hospitals.

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Blank-Check Firms Ride Market

FINANCE: LA a hotbed for SPACs, deal-makers

L.A.’s flurry of blank-check offerings continues into 2019.

Delay Extends Port Battle

TRADE: Terminal operators continue push for automation

Fight over automation continues at Port of Los Angeles.

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Data Centers Come Online

Tech: Google, others ramp up to meet growing local demand

Data centers finding new homes downtown.

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BRIGHT LIGHTS

LEDtronics has made industrial LED lights for more than 35 years

LEDtronics sticks to its roots in commercial and industrial lighting market.

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Verb Purchases Sound Concepts

Tech: $25M deal comes on heels of $20.5M IPO for video advertising co.

Verb acquires Utah competitor following IPO.

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Trade Troubles

After year-end surge, ports see fall in first-quarter imports from China

Ports see imports from China fall in first quarter.

Platinum Equity, Gores Group Sell IT Company

NY firm acquires Data Blue, which provides cloud and computer services

Platinum Equity, Gores Group sell information technology company.

Center Stage

Michael Ritchie • Center Theatre Group

Here’s looking at you

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AECOM To Bid on $13 Billion Navy Contract

Local engineering giant’s URS unit in hunt for aircraft logistics work

AECOM looks to cement defense contractor position with bid on $13B Navy contract.

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LA Home for Santa Fe RE Investment Firm

Gemini-Rosemont will occupy offices in iconic Century City building

Gemini-Rosemont Realty looks to cash in on L.A.’s real estate market with HQ move.

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Scopely’s Culver City HQ to Double in Size

Mobile game developer has raised $250M; revenue rose 80% in 2018

Scopely looks to expand in Culver City.

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Pride Media Names Interim Chief Executive Amid Coyle Departure

Pride Media, owner of iconic LGBTQ publications “Out” and the “Advocate,” on April 18 named Orlando Reese to the position of interim chief executive hours after the departure of chief executive Nathan Coyle.

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Silicon Beach Report April 18: Red Six Raises $2.35 Million for Flight

JPL still mining Cassini data; AET Fund raises $50 million; Red Six gains $2.35 million.

Rexford Acquires Four Industrial Buildings for $85M

Sawtelle-based Rexford Industrial Realty, Inc. has purchased four industrial properties for $84.5 million, the company announced April 18.

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Red Six Raises $2.35 Million

Red Six Aerospace Inc. closed a $2.35M seed round April 18, led by Marina Del Rey-based Moonshots Capital Management.

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CBB Bancorp Extends Employment Contract for CEO Joanne Kim

Koreatown’s CBB Bancorp Inc., parent of Commonwealth Business Bank, entered into a new employment contract with Joanne Kim, who has served as president and chief executive officer over the past eight years.

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CUSTOM CONTENT: Biotech Companies Need Creative Funding Solutions

Trusted Advisors

External funding is imperative for biotech growth. Larger public biotech companies are a significant source of capital for the sector.

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