LA BUSINESS JOURNAL DAILY NEWS
Cedars-Sinai Ranks No. 1 in Adult Heart Transplants
The Smidt Heart Institute at Cedars-Sinai Medical Center led the nation in the number of adult heart transplants last year, which marked an eight-year winning streak at No. 1.
Los Angeles Times Labor Dispute Escalates
The Los Angeles Times is facing an escalating labor quarrel that is a mounting obstacle to the 400-plus member Los Angeles Times Guild’s first collective bargaining agreement.
Partners Bank of California Expands to Beverly Hills, First Time Outside Orange County
Mission Viejo, Calif.-based Partners Bank of California announced plans to open a branch in Beverly Hills, its first outside of Orange County.
Pepperdine Taps Global Justice Reform Advocate James Gash as New President
Pepperdine University’s Board of Regents late on Feb. 13 named James Gash, an associate dean at the university’s law school, as its eighth president and chief executive, the university announced Feb. 15.
Silicon Beach Report Feb. 15: TrueCar Purchases Accu-Trade Stake
Tracking Snap’s original content offers; Accu-Trade sells to TrueCar; GamesUnion reacts to Activision layoffs.
TrueCar Acquires Minority Stake in Accu-Trade
TrueCar Inc., a digital auto pricing marketplace operating in Santa Monica, announced Feb. 14 it acquired a 20 percent stake in vehicle-appraisal software developer Accu-Trade, based in New Brunswick, Canada.
Long Beach-Based Molina Healthcare to Lay Off Nearly 170 Workers
Molina Healthcare Inc., a Long Beach-based managed-care services provider, will lay off nearly 170 workers this spring following a year-long financial turnaround, according to a state employment report released this week.
Intrepid Advises on Sale of Electric Vehicle Maker Artisan
Brentwood-based Intrepid Investment Bankers, a regional middle market investment banking firm, advised on this month’s sale of Camarillo, Calif.-based Artisan Vehicle Systems Inc., a zero-emission electric battery-powered equipment manufacturer.
Knotel Brings Flex-Office Concept to L.A. With First Lease
Knotel Inc., a New York-based flexible office space provider and rival of WeWork Companies Inc, is making its way to L.A. The company has signed its first L.A. lease in Santa Monica.
Mattel Strikes Three-Year Licensing Deal for ‘Despicable Me' Merchandise
El Segundo toy maker Mattel secured a three-year international licensing agreement to produce “Despicable Me” merchandise ahead of the release of the “Minions” sequel film. The Feb. 14 announcement is the latest in a series of scores for the Barbie and Hot Wheels producer.
Silicon Beach Report Feb. 14: HauteLook Hacked
Newegg to sponsor Counter Logic Gaming; Casetabs gains $2.5 million; HauteLook customer data compromised
Skyview Capital Completes Acquisition of Customer Care Assets of Conduent
Century City investment firm Skyview Capital, run by Platinum Equity alum Alex Soltani, closed Feb. 14 on his biggest private equity acquisition ever for the 14-year-old Skyview − a carve out from Florham Park, N.J.-based Conduent Inc.
WeWork Signs 78K SF Downtown Lease
WeWork Companies Inc. has signed a lease for 78,000 square feet in downtown. Terms of the lease were not disclosed.
Casetabs Inc. Raises $2.5 Million From Investors
Casetabs Inc., a digital health company based in West Los Angeles, has raised $2.5 million during a fundraising round, according to a securities filing.
Slower Cargo Traffic at Twin Ports in January
Weak import figures at the ports of Los Angeles and Long Beach in January suggest the rush to import Chinese goods ahead of a possible hefty tariffs may be waning, analysts say.
Silicon Beach Report Feb. 13: Activision Restructures, Downsizes
Ex-Snap employees raise $1 million for new venture; Activision downsizes support staff; OpenTempo links with TigerConnect
UCLA Sells Epigenetics Tech to Boost Crops for Farmers
UCLA has licensed epigenetics technology to a Massachusetts-based plant breeding firm to improve the performance of commercial crops.
Torrance Office Building Sells for $15.75M
A 60,804-square-foot office building in Torrance has sold for $15.75 million, Newmark Knight Frank announced Feb. 13.
TigerConnect Links With OpenTempo
TigerConnect Inc., a healthcare communications software developer operating in Santa Monica, announced Feb. 13 it will partner with OpenTempo Inc., developers of a medical staff scheduling software based in Williston, Vt.
Goldrich Kest Names CEO
Culver City-based real estate development and management company Goldrich Kest has name Mike Drandell as the company’s chief executive. Drandell was previously the company’s chief operating officer.
