LA BUSINESS JOURNAL DAILY NEWS

L.A. Coliseum Plaza Named for Orange County Donors

The peristyle plaza at the soon-to-be-renovated Los Angeles Coliseum, home of USC’s Trojans football team will be named the Julia and George Argyros Plaza in recognition of a $7.5 million gift from the Argyros Family Foundation, located in Costa Mesa.

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Silicon Beach Report Jan. 16: Google to Connect Latin America and Los Angeles with New Undersea Cable

Google to connect Latin America and Los Angeles with new undersea cable; Snapchat content execs talk app redesign and push into scripted programming; and Lockheed Martin exec hints that SR-72 might be built already.

Southern California News Group Faces Layoffs

Southern California News Group, which includes the Los Angeles Daily News, Orange County Register and other newspapers, will reportedly face significant layoffs in coming months.

Jamison Services Buying Several Parcels in Koreatown, Planning $14M Redevelopment

Jamison Services has added to its already considerable holdings in Koreatown, purchasing several parcels of land for a multifamily redevelopment site for $14 million.

Developer Buys Properties in Downtown Long Beach to Build Dialysis Clinic

REAL ESTATE

A Northern California developer has purchased land in downtown Long Beach with plans to construct an $8.4 million dialysis clinic.

Dole Food Co. Withdraws Planned IPO

Dole Food Co. has called off its proposed public offering after talks to sell the company to a Belgium firm broke down.

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Live Nation Settles Litigation, Acquires Songkick Assets

Live Nation Entertainment in Beverly Hills and Complete Entertainment Resources Group Inc. and related entities formerly known as Songkick (CERG) have announced that Live Nation has acquired some assets from CERG, including CERG’s ticketing commerce platform, anti-scalping algorithm, API application and patent portfolio.

Prostate Cancer Foundation of Santa Monica Gets $2.5M to Study Cancer in African-American Men

The founder of a San Francisco-based private equity firm has donated $2.5 million to the Prostate Cancer Foundation of Santa Monica to research prostate cancer in U.S. veterans and African-American men, officials announced on Jan. 15.

Silicon Beach Report Jan. 15: Sheryl Sandberg, Jack Dorsey Won’t Seek Re-Election to Disney Board

Sheryl Sandberg, Jack Dorsey won’t seek re-election to Disney board; Virgin Galactic conducts 7th glide test of spacecraft; and safety panel raises concerns about SpaceX’s Falcon 9

Silicon Beach Report Jan. 12: Snapchat’s Big Redesign Rated Negatively by 83% of Reviews

Snapchat’s big redesign rated negatively by 83 percent of reviews; Pentagon refuses to answer questions about failed $1 billion Zuma satellite launch; and The IMDb Show launched.

Japan’s 2nd Street Opens First U.S. Store in L.A.

2nd Street, Japan’s largest retailer of second-hand clothing and accessories opened its first U.S. store on Melrose Ave, the company announced Friday.

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$600M Redevelopment Proposed for Former MWD Site Near DTLA

The 5.5-acre former Metropolitan Water District campus that has long sat dormant at 1111 Sunset Blvd. may be developed into a mixed-use development with 778 apartments.

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Silicon Beach Report Jan. 11: Venture Capital Investment to L.A. Region Falls Again

Venture capital investment to L.A. region falls again; Internet Brands to acquire lawyer search website Avvo; and SpaceX delays commercial crew test flights to latter half of 2018.

Internet Brands to Acquire Lawyer Search Website Avvo

Internet Brands has reached an agreement to acquire Avvo Inc., an online directory of law firms and legal services, for an undisclosed amount, according to a press release.

Adidas, Burn Fitness Space in Santa Monica Sells for $30.3M

Golden West Properties and Starpoint Properties paid $30.3 million for the three-story, 30,000-square-foot Adidas and Burn Fitness building at 1231-1233 Third Street Promenade in Santa Monica.

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Venture Capital Investment to L.A. Region Falls Again

For the second year in a row, the amount of venture capital dollars invested into L.A.-area companies fell, dropping 8.6 percent to $3.2 billion from the year prior, according to a report by Dow Jones VentureSource.

Westside Move for L.A. Times?

The Los Angeles Times newsroom staff is awaiting the final tally of votes of whether the tronc Inc.–owned newspaper will go union by forming its own local of the NewsGuild, which represents journalists and media workers at the New York Times, Wall Street Journal and other organizations. The votes are due Jan. 18 and are expected to be counted on Jan. 19.

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Marlin Equity Partners Picks Up Majority Piece of Talkwalker

Marlin Equity Partners of Hermosa Beach has purchased a majority stake in Talkwalker, a global software listening and analytics company, officials announced Jan. 11.

Hasserjian Joins NAI Capital Management as President and CEO

Former CBRE Group Inc. executive Eric Hasserjian has joined NAI Capital Management as its president and chief executive, based out of the company’s Westside office on Olympic Boulevard.

Mixed-Use Development in Koreatown to Include 121 Apartments, Nearly 5,000 SF Retail Space

Construction is underway on The Mariposa, a mixed-use Koreatown development located at 269 S. Mariposa Ave., a seven-story building containing 121 apartments and more than 4,600 square feet of retail space.

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