LA BUSINESS JOURNAL DAILY NEWS

El Segundo Private Equity Firm K1 Invests $150M in GoCanvas

El Segundo-based private equity firm K1 Investment Management invested $150 million in GoCanvas Inc., a privately held provider of mobile applications and forms needed for data collection and sharing.

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Silicon Beach Report Feb. 22: Boingo CEO Announces Retirement Plans

Winehouse hologram tour canceled; SpaceX launches Israeli lunar lander; Finley appointed Boingo CEO

Boingo Wireless Appoints New CEO

Chief executive of Westwood-based Wi-Fi provider Boingo Wireless Inc. Dave Hagan announced Feb. 21 he will retire after 17 years with the company. Boingo board member Mike Finley was unanimously elected to fill the vacant CEO seat by the board.

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AECOM, Canyon Partners Form Commercial Development Joint Venture

Century City-based AECOM and Century City-based Canyon Partners have formed a joint venture to provide equity for $4 billion of commercial properties, the companies announced Feb. 19.

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AIDS Healthcare Foundation Sues Over Crossroads Hollywood Project

The AIDS Healthcare Foundation and Livable LA have filed a suit against the City of Los Angeles and the Community Redevelopment Agency of Los Angeles over the Crossroads Hollywood project approval.

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City of Hope Receives $12.5 Million Federal Grant to Fight Lymphoma

City of Hope National Medical Center was awarded a $12.5 million federal research grant to develop innovative ways to prevent and treat lymphoma, the hospital announced Feb. 21.

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MassRoots Acquires COWA Science for $6 Million in Stock

MassRoots Inc., a cannabis technology company based in Hollywood, has entered into an agreement to acquire COWA Science Corp. in a deal worth up to $6 million.

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Silicon Beach Report Feb. 21: Streamer Loop Media Acquires ScreenPlay

Hello Sunshine gains New Green; SpaceX launch may be delayed after safety survey; ScreenPlay acquired by Loop Media.

Third Street Promenade Building Sold For $24.5M

Blatteis & Schnur Inc. has purchased a mixed-use building in downtown Santa Monica for $24.5 million, Marcus & Millichap announced Feb. 21.

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Crescent Capital Group Finances Purchase of European Pharmacies

A unit of Crescent Capital Group, an alternative credit investment company based in West Los Angeles, has provided financing for the purchase of a European pharmacy chain purchased by Bencis Capital Partners.

Silicon Beach Report Jan. 20: Former Snap Executive Launches New Venture

Clearlake Capital’s Symplr buys API Healthcare; Verishop emerges from stealth, Clutter raises $200 million

Butterfly Equity to Merge Two Healthy-Food Chains Into a New Restaurant Division

El Segundo-based fast-casual restaurant chain Lemonade will merge with Denver-based Modern Market Eatery to form a new restaurant group with an eye toward franchising their healthy brand.

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Herbalife Sees Uptick in Revenue, Cites Rising Demand

Citing rising global demand for its nutrition products, downtown-based supplement company Herbalife Nutrition Ltd. reported profit of $48.9 million on revenue of $1.2 billion in its 2018 fourth quarter.

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Clearlake’s Symplr Acquires API Healthcare

Symplr, a health-tech company owned by Santa Monica-based Clearlake Capital Group, announced Feb. 20 it acquired API Healthcare for undisclosed terms.

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On-Demand Storage Company Clutter Raises $200M From SoftBank Vision Fund

Clutter, an on-demand storage company that’s trying to shake up the storage market, raised $200 million to fuel its expansion into Philadelphia, Portland and Sacramento, it announced Wednesday.

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Architecture Firm Jerde Nabs Landscape Firm Superjacent

Downtown-based architecture firm Jerde has absorbed Chinatown-based landscape architecture and design firm Superjacent. Terms of the deal were not disclosed.

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LAEDC: L.A. Economy to See Steady Growth Through 2020

The economy in Los Angeles County will experience steady growth in jobs, economic output and personal income this year and next year, according to a forecast released Feb. 20 by the Los Angeles County Economic Development Corp.

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Driverless Car Company Signs $11.4M Pasadena Lease

San Francisco-based driverless car company GM Cruise has signed a 47,051-square-foot lease in Pasadena valued at $11.4 million, CBRE Group Inc. announced Feb. 19.

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Tutor Perini Lands $1.4B Contract for Purple Line Extension

A joint venture between Tutor Perini Corp. and O&G Industries Inc. has received a notice of intent to award a $1.4 billion contract for the construction on Metro’s Purple Line Extension in Westwood.

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Silicon Beach Report Feb. 19: Virgin’s Proposed Commute in a Vacuum

Brainbase brings in $1 million; SongTradr makes acquisition; Virgin Hyperloop tests new transportation method

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