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WeWork Leasing Two Floors at One Culver in Culver City

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

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So Cal News Group Investor Accused of Diverting, Concealing Investments

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

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

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

Stock Price Falls After Snapchat Posts Ad Referencing Domestic Violence

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

Women Business Owners Invited


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

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

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

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Nanthealth Inc. Reports $175-Million Loss

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

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

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

HQ Creative Purchases Santa Monica Office for $13.2M

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

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

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

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

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

Architect Richard Meier Takes Leave of Absence Following Allegations

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

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

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

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WPromote Nabs Shamrock Capital Investment

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

Los Angeles and Long Beach Ports Set New February Cargo Records

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

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

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

OpenX Reports More Than $170 Million in 2017 Revenue

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

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

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

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

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

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

Custom Content by the Los Angeles Business Journal

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