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Colony Capitulates, Gets Two New Directors

Tom Barrack-led real estate investment firm adds board members at activist’s request

Colony Capital adds two directors to board.

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More Buck, Less Bang

Smaller lessees squeezed on tenant improvements as construction costs rise

All is not equal when it comes to tenant improvement allowances.

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CBB CFO RESIGNS

CBB Bancorp Inc., announced Tuesday that J. Duncan Smith has resigned from his position as chief financial officer, effective Feb. 8, to pursue other interests.

$63M LOAN FOR THOMPSON HOTEL

Real estate lender Calmwater Capital has given Hollywood-based Relevant Group a $63 million loan for the construction of a hotel in Hollywood.

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KECK ACQUIRES CARDIOLOGY GROUP

Keck School of Medicine of USC announced Feb. 12 it will acquire Los Angeles Cardiology Associates

GOLDRICH KEST NAMES CEO

Culver City-based real estate development and management company Goldrich Kest Industries has named Mike Drandell as its chief executive.

Contractor Fined Nearly $12 Million for Wage Theft Violations

Labor commission: Construction co. issued bad checks to more than 1,000 workers

Construction company hit with $12M in fines for wage theft.

$40M Donation for Carson Center

Sprawling facility will house tennis courts, soccer fields and an academic center

Plans revealed for new Carson sports, education complex.

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TrueCar Acquires Minority Stake in Accu-Trade

TrueCar Inc., a digital auto pricing marketplace operating in Santa Monica, announced Feb. 14 it acquired a 20 percent stake in vehicle-appraisal software developer Accu-Trade, based in New Brunswick, Canada.

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Long Beach-Based Molina Healthcare to Lay Off Nearly 170 Workers

Molina Healthcare Inc., a Long Beach-based managed-care services provider, will lay off nearly 170 workers this spring following a year-long financial turnaround, according to a state employment report released this week.

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Intrepid Advises on Sale of Electric Vehicle Maker Artisan

Brentwood-based Intrepid Investment Bankers, a regional middle market investment banking firm, advised on this month’s sale of Camarillo, Calif.-based Artisan Vehicle Systems Inc., a zero-emission electric battery-powered equipment manufacturer.

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Knotel Brings Flex-Office Concept to L.A. With First Lease

Knotel Inc., a New York-based flexible office space provider and rival of WeWork Companies Inc, is making its way to L.A. The company has signed its first L.A. lease in Santa Monica.

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Mattel Strikes Three-Year Licensing Deal for ‘Despicable Me' Merchandise

El Segundo toy maker Mattel secured a three-year international licensing agreement to produce “Despicable Me” merchandise ahead of the release of the “Minions” sequel film. The Feb. 14 announcement is the latest in a series of scores for the Barbie and Hot Wheels producer.

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Silicon Beach Report Feb. 14: HauteLook Hacked

Newegg to sponsor Counter Logic Gaming; Casetabs gains $2.5 million; HauteLook customer data compromised

Skyview Capital Completes Acquisition of Customer Care Assets of Conduent

Century City investment firm Skyview Capital, run by Platinum Equity alum Alex Soltani, closed Feb. 14 on his biggest private equity acquisition ever for the 14-year-old Skyview − a carve out from Florham Park, N.J.-based Conduent Inc.

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WeWork Signs 78K SF Downtown Lease

WeWork Companies Inc. has signed a lease for 78,000 square feet in downtown. Terms of the lease were not disclosed.

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Casetabs Inc. Raises $2.5 Million From Investors

Casetabs Inc., a digital health company based in West Los Angeles, has raised $2.5 million during a fundraising round, according to a securities filing.

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Slower Cargo Traffic at Twin Ports in January

Weak import figures at the ports of Los Angeles and Long Beach in January suggest the rush to import Chinese goods ahead of a possible hefty tariffs may be waning, analysts say.

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Silicon Beach Report Feb. 13: Activision Restructures, Downsizes

Ex-Snap employees raise $1 million for new venture; Activision downsizes support staff; OpenTempo links with TigerConnect

UCLA Sells Epigenetics Tech to Boost Crops for Farmers

UCLA has licensed epigenetics technology to a Massachusetts-based plant breeding firm to improve the performance of commercial crops.

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