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New Tune on L.A. Rentals

Apartment developer and investor IMT Capital is tuning into Nashville’s hopping economy and real estate market.

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Big Foundations Top $40B

The assets of Los Angeles County’s top 50 private charitable foundations and trusts collectively topped $41.1 billion last year, a 4.8 percent boost over the prior year.

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Brokerage Boss Faces Ban

FINANCE: BH firm’s appeal of FINRA ruling pending

Regulatory agencies put NMS Capital Advisors’ chair under the microscope.

Holograms Hit the Road

On-stage illusions afford new sort of second act for late crooners

Deceased performers live again as holograms and as a new revenue source for local companies.

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Social Impact Principal

Microloan Market Makes Niche for Fintech Co.

Meet Shivani Siroya, founder of Santa Monica-based fintech-driven microlender Tala. The company has an eye on winning customers among some of the world’s nearly 2 billion people who don’t have access to banking services, a statistic reported by Paris-based think tank Convergences.

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PlayVS Announces ‘Season Zero’ Launch Date

PlayVS Inc., the Santa Monica–headquartered high school e-sports league developer backed by Santa Monica-based Science Inc. announced Sept. 13 that Riot Games Inc.’s “League of Legends” will be the title played in the league’s first test season.

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Staar Surgical Wins Federal Approval to Sell New Lens

Staar Surgical Co., a Monrovia-based company that manufactures implantable lenses for the eye, announced Thursday it had won federal approval to sell a new lens to correct myopia with astigmatism.

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Hilton Foundation Picks Up Dole Headquarters for $50 Million

The headquarters of Dole Food Co. in Westlake Village has sold to the Conrad N. Hilton Foundation for $50 million, according to brokerage CBRE Group Inc.

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Tishman Speyer Putting 1 Million S.F. Wilshire Courtyard on the Market

Tishman Speyer, a New York-based real estate investment firm, will soon put up for sale Wilshire Courtyard, a two-building, 1 million-square-foot office campus located at 5700-5750 Wilshire Blvd. on the Miracle Mile.

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Silicon Beach Report Sept. 13: Singularity 6 Raises $2.5 Million

Former Riot Games execs raise $2.5 million for Singularity 6; WeWork acquires Teem; Boring Co. lands approval for parking garage tunnel

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Biocom Issues Achievement Awards to Los Angeles Life Science Industry Leaders

Biocom, a California trade group for the life science industry, has issued awards to seven Los Angeles business leaders under 40 years old for their contributions to the local industry.

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Huntington Park Shopping Center Acquired for $23.8 Million

Sterling Organization, a Palm Beach, Fla.-based private equity group, has purchased Margarita Plaza, a 77,000-square-foot shopping center located at 6900-7100 S. Santa Fe Ave. in Huntington Park, for $23.8 million, or $309 per square foot, in an off-market transaction with Rubenstein Capital, an Oakland-based real estate investment company.

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California Aerospace Caucus Launched in Congress

Two Southern California lawmakers on Sept. 12 announced the creation of the California Aerospace Caucus in Congress to promote legislation that supports the region’s aerospace industry.

Rancho Los Amigos Completes Outpatient Building and Hospital Institute Expansion

Two new medical buildings at Rancho Los Amigos National Rehabilitation Center were officially completed as part of a $418 million makeover of the Downey hospital.

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Report Finds UCLA Impact on the State Economy Tops $11B

The University of California-Los Angeles is the fourth-largest employer in Los Angeles County with more than 43,000 full-time employees, which helped the institution generate $11.06 billion in economic activity statewide during the 2016-17 fiscal year, according to a recent report.

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Charles Drew University Inks Agreement to Educate More Doctors for South L.A.

Charles R. Drew University of Medicine and Science in South Los Angeles inked an agreement with Ross University School of Medicine on Sept. 12 that could triple of the number of students who attend medical school.

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Silicon Beach Report Sept. 12: Cornerstone Picks Up Workpop

Cornerstone buys Workpop; Bird halts Raleigh service as Florence moves in; Hulu inks multi-year deal with Discovery Inc.

Shamrock Capital Advisors Sells Questex

Westwood-based Shamrock Capital Advisors announced Sept. 12 the sale of its portfolio company, Questex Intermediate Holdings Inc. to New York-based private equity firm MidOcean Partners.

Cornerstone OnDemand Acquires Hiring Platform Workpop

Santa Monica-based human resources management software developer Cornerstone OnDemand Inc. acquired Santa Monica hiring platform Workpop Inc. Sept. 12.

Longtime DTLA Advocate Carol Schatz Retiring; New DCBID Chief Named

Carol Schatz, who led a renaissance of downtown Los Angeles as head of the Downtown Center Business Improvement District and Central City Association for nearly three decades, will retire this month, the district announced Sept. 12.

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