LA BUSINESS JOURNAL DAILY NEWS

Leonardo DiCaprio and Strand Equity Partners Invest in Hippeas Snack Maker

Hippeas’ chickpea puffs are getting a boost from actor Leonardo DiCaprio and private equity firm Strand Equity Partners.

Silicon Beach Report May 26: Boring Co. Releases Images of Electric Vehicle for its Proposed Tunnel Network

Boring Co. releases images of electric vehicle for its proposed tunnel network, loser of ULA’s Vulcan engine competition could lose Air Force funding, and Seriously launches series of shorts for its mobile game “Best Fiends.”

Rexford Industrial Realty Acquires Ontario’s Safari Business Center for $141 Million

Sawtelle-based Rexford Industrial Realty Inc. has purchased an iconic safari-themed, 16-building industrial park in Ontario for about $141 million, it announced this week.

Movers for Week Ending May 26, 2017

Los Angeles-based Puma Biotechnology Inc. was this week’s biggest mover, gaining 110.98 percent to end at $79.75. Clothing brand Guess? Inc. was also among the week’s biggest movers. The Los Angeles clothing brand and retailer gained 18.60 percent to end at $11.67. Calabasas-based software solutions company NetSol Technologies Inc. was this week’s biggest loser, dropping 13.33 percent to end at $3.90.

Brentwood Associates On Target for $1.1 Billion Fund

Private equity firm Brentwood Associates has raised $984 million of a targeted $1.1 billion fund, according to documents filed with the Securities and Exchange Commission last week.

Metro Votes to End Funding for 710 Tunnel Extension

The Los Angeles County Metropolitan Transportation Authority voted Thursday to end its share of funding for a controversial proposed $3.2 billion, 4.9-mile tunnel to extend the 710 Freeway from its current terminus from Alhambra to Pasadena.

Silicon Beach Report May 25: Faraday Future Said to Plan $1 Billion Fundraising Effort

Faraday Future said to plan $1 billion fundraising effort, Chef’d raises $10 million, and Disney CEO Bob Iger says hacker threat to release stolen movie was a hoax.

Kennedy-Wilson Acquires Glendale Office Buildings for $144 Million

Two Class A office buildings in Glendale have sold for $144 million, according to their buyer, real estate investment firm Kennedy-Wilson Holdings Inc.

LABJ Icons: Patrick Soon-Shiong Plans Cancer Center; Peter Lowy Maps Westfield Growth

Biotech billionaire Patrick Soon-Shiong plans to open an L.A. cancer treatment center this summer, he said Wednesday during the Business Journal’s Icons event at Montage Beverly Hills.

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Billionaire Philanthropist and Former Univision CEO Jerrold Perenchio Dies at 86

Billionaire media mogul and philanthropist A. Jerrold Perenchio passed away on Tuesday at the age of 86 after a five-month struggle with lung cancer, according to a statement from his L.A.-based investment firm, Chartwell Partners.

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West Hollywood’s Simply Inc. Acquired by Nylon Media

Simply Inc., a fashion, beauty, and social media influencers event and branding company, has been acquired by Nylon Media Inc. for an undisclosed amount.

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Silicon Beach Report May 24: Snapchat Offering Discounts to Advertisers

Snapchat offering discounts to advertisers, Aerojet Rocketdyne engines to power experimental military spaceplane, and podcast search engine launched.

Silicon Beach Report May 23: Real Office Centers, Co-Working Tenants Evicted from Santa Monica Office

Real Office Centers, co-working tenants evicted from Santa Monica office, Snapchat launches custom group stories, and Pepsi to label millions of cans with Snapchat codes.

Real Office Centers, Co-Working Tenants Evicted from Santa Monica Office

Real Office Centers and its co-working tenants at a Santa Monica building received an eviction notice Monday from their landlord, Hudson Pacific, who said the company hadn't paid rent in April and May.

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Port of Long Beach Awards Community Sponsorships

The Port of Long Beach has awarded more than $372,000 in community sponsorships to 136 organizations in the latter half of the fiscal year, port officials announced on Monday.

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Silicon Beach Report May 22: Snapchat Has Lead in Augmented Reality

Snapchat has lead in augmented reality, Faraday Future founder steps down from CEO role at LeEco, and Hulu signs exclusive video-on-demand deal for ABC’s ‘Fresh Off the Boat.’

L.A. Chamber Cancels Turkey Business Forum after Protest Beating Incident

The Los Angeles Area Chamber of Commerce has cancelled a forum set for this week on doing business with Turkey.

Avery Dennison Corp. Acquires Irish Medical Supplier

Avery Dennison Corp. of Glendale announced on Monday that it had acquired Finesse Medical, an Irish medical supply manufacturer, for an undisclosed amount.

L.A. Unemployment Rate Falls to New Low of 4.5 Percent as Job Growth Weakens

L.A. County’s unemployment rate fell to another new low of 4.5 percent in April, but in a sign that the local economy is close to full employment, employers in the county reversed their hiring trends and shed a net 7,000 jobs last month, state figures released Friday show.

Forever 21 to Open Line of Riley Rose Beauty Boutiques

Forever 21 announced on Friday that it is launching a line of beauty boutiques.

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