LA BUSINESS JOURNAL DAILY NEWS
Silicon Beach Report Dec. 17: Court Freezes Faraday Future CEO’s Assets
Ring adds doorbell facial recognition; Yuetings assets frozen; Netflix pushes film towards theaters
Two Airlines Announce New Nonstop International Service from LAX
Two airlines have announced new nonstop international service from Los Angeles International Airport starting this month.
ParagonCoin Settles SEC Dispute for $250,000
ParagonCoin Inc., headquartered in Hollywood, settled an Initial Coin Offering (ICO) dispute with the Securities and Exchange Commission Dec. 13, agreeing to pay a fine of $250,000 and provide investors with the opportunity to recoup their lost funds.
Silicon Beach Report Dec. 14: Riot Games COO Suspended
Evacuation at Infinity Ward office; Parker releases shoreline app; Gelb suspended for two unpaid months
The Gores Group Completes Sale of Elo Touch Solutions to Crestview
Beverly Hills private equity firm The Gores Group completed the sale of Elo Touch Solutions, the original inventor of the touchscreen, to funds managed by New York City-based Crestview Partners.
Emerald Textiles Acquires MediClean Assets, Plans New Facility
Pacific Avenue Capital Partners and Highland Avenue Funds portfolio company Emerald Textiles announced Dec. 13 its acquisition of the assets of MediClean Linen and Laundry, a healthcare linen service provider. MediClean operates a location in Commerce, Calif., from its headquarters in Anaheim, and Emerald Textiles now operates both.
LPC West Buys Planned Culver City Development The Entrada
The Entrada, a future 300,000-square-foot office space in Culver City, has been sold to Broad Street Principal Investments and LPC West, part of Lincoln Property Company. Terms of the transaction were not disclosed.
Beverly Hills-Based Regent Buys La Senza Lingerie Business From Struggling L Brands
Beverly Hills-based private equity firm Regent, which bought the iconic Sunset magazine just over a year ago to add to its media portfolio of 18 newspapers and magazines, is buying L Brands Inc.’s lingerie business La Senza.
Silicon Beach Report Dec. 13: Vyng Raises $4 Million
Postmates bringing delivery robots to LA; Riot Games leads Hypixel investment; Vyng Series A totals $4 million
Apple to Employ 1,000 at New Culver City Office
Apple Inc. plans to employ 1,000 people in a new office in Culver City, the Cupertino, Calif.-based tech giant announced today.
Genton Cockrum Partners Selected for Mixed-Use Project at Former Courthouse in San Pedro
A winning proposal has been announced for the San Pedro courthouse, bringing the project one step closer to finally being built.
Kennedy Wilson Sells Meyers Research Subsidiary
Real estate investment company invests $15M for minority stake in the new company.
Beverly Hills-based real estate investment company Kennedy Wilson has sold its research subsidiary to MidOcean Partners, Kennedy Wilson announced Dec. 12. Terms of the transaction were not disclosed.
Silicon Beach Report Dec. 12: Greycroft Leads Happiest Baby Series B
Pearl Abyss sets up in Manhattan Beach; Blizzard takes Overwatch League on the road; Happiest Baby Inc. raises $23 million
Razor, Lime Deploy E-Scooters in LA
Four months after announcing its arrival in Long Beach, Cerritos-based Razor USA will bring shared electric scooters to LA, as well.
Game Developer Pearl Abyss Moves to Manhattan Beach
Pearl Abyss Corp., based in Anyang, Gyeonggi, South Korea, announced Dec. 12 it will move from a temporary office in Irvine, Calif., to establish a full-time U.S. headquarters at the Omni Group Towers in Manhattan Beach.
Centennial Planned Community Project at Tejon Ranch Approved
By a 4-to-1 vote, the Los Angeles County Board of Supervisors voted Tuesday morning to approve the massive Centennial master-planned community project at Tejon Ranch and bring 19,000 new dwellings to the Southern California region.
Cedars-Sinai Marina del Rey Hospital Names New VP of Operations
Cedars-Sinai Marina del Rey Hospital has named Joanne Laguna-Kennedy as its new vice president of operations.
8minutenergy, J.P. Morgan and Upper Bay Form $200M Joint Venture for Solar Project
Los Angeles-based 8minutenergy Renewables, the largest private solar and storage developer in the United States, and two other major New York investors, formed a joint venture to provide more than $200 million in capital to support 8minutenergy’s 10.7-gigawatt pipeline of utility solar and energy storage projects.
IHOP Teams With Bamko for Pancakewear Apparel
In its latest in a series of unconventional branding campaigns, IHOP has debuted an online store where pancake enthusiasts can shop for IHOP-themed clothing and accessories.
TV Studio Sonar Announces Nine-Figure Financing Facility
Century City television studio Sonar Entertainment announced Dec. 11 that it secured a $121 million production finance facility.
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