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Silicon Beach Report Jan. 22: PacketFabric Raises $25 Million from NantCaptial

PacketFabric raises $25 million from NantCaptial, SpaceX Falcon Heavy testing delayed by government shutdown and organic perfumer Skylar Body raises $3 million.

Aecom Tapped for Related’s $1B Gehry-Designed The Grand

Related Cos. has selected Aecom as construction manager for The Grand, the $1 billion Frank Gehry-designed, mixed-used development on Grand Avenue in downtown Los Angeles.

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California Pizza Kitchen Names New CEO

San Francisco’s Golden Gate Capital has appointed a new chief executive of Playa Vista’s California Pizza Kitchen, the companies announced today.

CBRE Fund Secures Office-Based Portfolio in Glendale for $122 Million

A CBRE Group global investors fund has purchased a three-property portfolio in Glendale from Blackstone Group for $122 million, or $139 per square foot, according to CoStar Group Inc.

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Big Challenges Ahead at Big 5

430-store chain’s shares fall on Q4 revenue dip

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Starco Aims for Star Status

How Starco Group built a niche mini-empire specializing in aerosolized consumer goods.

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New Heights for Drones?

Why telecom giant SoftBank joined forces with AeroVironment

Drone maker AeroVironment flies its drones high to become mobile telecommunications hubs.

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EPA Clears Superfund Space

The U.S. Environmental Protection Agency has included a former landfill site in Monterey Park that’s on its Superfund list as one of 30 such sites around the nation that can now be marketed for redevelopment.

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B. Riley Gets Erstwhile Mall Stalwart Bebe

B. Riley Financial Inc. has acquired 29 percent of struggling mall-based retailer Bebe Stores Inc. for $16.9 million, the company announced last week.

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Dole Sale Talks End, Company Pulls IPO

Dole Food Co. broke off talks to sell the business to a Belgian company last week in a recent move that came on the same day it pulled plans for a public offering.

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News Briefs

News briefs, January 22-28

Cable Calling Card

Hallmark Channel plans offering expansion after 2017 success.

2017’s winter season was a banner one for the Hallmark Channel. Will 2018 be a repeat?

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Consumer Confidence Continues Slide

Uncertainty on tax reform, trade, immigration

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Deals & Dealmakers: Big Buy for Platinum’s Vertiv

Greif helps broker deal for integrated thermal systems manufacturer

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L.A. County’s New Hotel Rooms Lead State

2017 gains driven by 23 new hotels; market likely to top California again this year

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Medical Simulation Confab Displays Hot Market

Local companies among crowd to highlight new products to train doctors

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Airport Approves $336M on People Mover

Los Angeles World Airports officials announced on Friday final authorization for a $336 million contract to build extensions to the terminals at Los Angeles International Airport to connect to the planned people mover.

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Strawberry Grower Files for Chapter 11 Bankruptcy

Eclipse Berry Farms has filed for bankruptcy, joining a growing list of California strawberry operators facing difficulties.

Silicon Beach Report Jan. 19: Snap Lays Off Two Dozen Employees

Snap lays off two dozen employees; Activision Publishing CEO Eric Hirshberg leaving in March; and California legislators move forward bill to create California Aerospace Commission.