Los Angeles Business Journal


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Lawsuit Flares Up Over $122 Million Sale of Bijan Store

A pair of Los Angeles-based businessmen who said they helped arrange the $122 million sale of the Bijan store on Rodeo Drive in July are suing two fashion companies connected to the deal, claiming to be owed a finder’s fee.

Tetra Tech Part of $400 Million Army Base Cleanup Contract

Water Consulting and Engineering Firm Tetra Tech Inc. announced today it was chosen as one of seven contractors eligible to receive up to $400 million in federal dollars to aid the environmental cleanup of old U.S. Army bases.

Silicon Beach Report Oct. 24: Joymode Raises $3 Million for Rental Experiences

Joymode raises $3 million for rental experiences, Tinder launches Silicon Valley office, Disney licenses Maker Studio content in the United Kingdom, and more.

Silicon Beach Report Oct. 21: Snapchat’s Content Terms Raises Questions for Publishers

Snapchat’s content terms raises questions for publishers, TigerText launches new messaging and workflow app, and Faraday Future Misses $21 Million Payment to Aecom.

Movers for Week Ending October 21, 2016

Century City’s Ritter Pharmaceuticals Inc. was the week’s biggest mover, up 53 percent to close at $2.60. Commerce-based furniture maker Nova Lifestyle Inc. was also among the week’s big gainers, jumping 16 percent to $4.30. Puma Biotechnology Inc. in West Los Angeles was the week’s biggest loser, dropping 20 percent to close at $43.55.

L.A. Garment Workers to Rally Against Ross Dress for Less

Los Angeles garment workers want to increase pressure on Pleasanton discount chain Ross Dress for Less.

County Unemployment Rate Ticks Up to 5 Percent, But Job Growth Strong

L.A. County’s unemployment rate rose slightly in September to 5 percent despite relatively strong job growth for the month, state figures released Friday show.

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Facebook Sending Message to Snapchat

INTERNET: Social media giant vies with upstart for millennials.

Facebook has launched an unfriendly feud by aping the features of social media upstart Snapchat.

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Spirited Season May Be in Store

Halloween pop-up shops expect presidental race, hit films to lift costume sales.

Halloween pop-up shops expect to scare up healthy returns before they go dark.

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Powering Up

Swell Energy plugs batteries along with financing packages to homeowners

Swell charges into the home battery market on back of its financial packaging plan.

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Chemical Testing Firm Puts Money on Staffers

BIOTECH: Phenomenex’s CEO to share $12 million from sale of his company.

Chemical testing firm Phenomenex spreads the wealth by sharing $12 million windfall with employees.

Silicon Beach Report Oct. 20: Netflix Countersues Fox Over Employee Poaching Claims

Netflix countersues Fox over employee poaching claims, SAG-AFTRA rejects final offer from video game industry, and Seriously launches “Best Fiends” sequel mobile game.

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Renovated LAX Terminal Debuts with $70.5 Million of Improvements

The Los Angeles International Airport debuted a freshly redesigned Terminal 6 on Wednesday, complete with Los Angeles-based retail and dining companies, and a vibe that’s said to be inspired by Sunset Boulevard.

SAG-AFTRA Rejects Final Offer From Video Game Industry

Video game actors represented by SAG-AFTRA rejected a final contract offer on Thursday from the trade association representing the video game industry, setting up the union’s members to strike at midnight Friday.

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Lemonade Appoints Former Universal Studios Hollywood Head Larry Kurzweil as President and CEO

Lemonade Restaurant Group announced Wednesday that Larry Kurzweil, the former president and chief executive of Universal Studios Hollywood, will be joining the company as president and chief executive effective Dec. 1. Co-founders of the Los Angeles-based fast-casual restaurant, Alan Jackson and Ian Olsen, will assume the roles of chairman and chief culinary officer, and chief development officer, respectively.

Brentwood Town Center Brings in Paige Denim and Blue Bottle Coffee

The Brentwood Town Center is getting a shake-up. The compact retail center next to the Brentwood Country Mart recently signed five new leases worth more than $8 million, said Dan Blatteis, co-chairman at property owner Blatteis & Schnur Inc.

Silicon Beach Report Oct. 19: Oblong Industries Raises $65 Million

Oblong Industries raises $65 million, image stability technology manufacturer MEMS Drive raises $11 million, CBS Orders Candy Crush game show, and more.

Oblong Industries Raises $65 Million

Oblong Industries, the Los Angeles-based developer of spatial, immersive, and gesture-enabled technologies, announced Tuesday that the company raised a total of $65 million during its expansion funding round thanks to investments from new and existing investors.

Silicon Beach Report Oct. 18: Health care App Heal Raises $26.9 Million

Health care app Heal raises $26.9 million, clinical trial software developer Science 37 raises $31 million, and L.A. investor Ashton Kutcher says virtual reality is overhyped.

Health Care App Heal Raises $26.9 Million

Doctor house call app Heal of Santa Monica raised a $26.9 million Series A round led by Legendary Pictures chief executive Thomas Tull’s company Tull Investment Group.