LA BUSINESS JOURNAL DAILY NEWS

82 Labs Draws $10M in Investor Funds for Hangover Remedy

82 Labs Inc., a health care startup based in Koreatown with a hangover remedy drink, has closed a stock offering for $10 million, according to a securities filing.

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William Carey 15-Acre Campus in Pasadena Acquired by Swiss Company

EF Education First, a Switzerland-based international education company, has agreed to purchase the nearly 15-acre campus of William Carey International University in Pasadena. Terms were not disclosed.

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Providence St. Joseph Leases 26K SF in Ladera Heights

Providence St. Joseph Health has negotiated a lease for nearly 26,000 square feet at the Wateridge campus at 5100 Goldleaf Circle in Los Angeles' Ladera Heights neighborhood, NAI Capital Inc. announced.

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Ares Energy Fund Buys Majority Stake in N.J. Solar Firm

Ares Energy Infrastructure Fund, a unit at Century City-based private equity firm Ares Management, has acquired a majority stake in Conti Solar of Edison, N.J, the parties announced April 17.

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Silicon Beach Report April 17: AppOnboard Raises $15 Million in Series A Funding Round

AppOnboard raises $15 million in Series A funding round; San Francisco to Bird: ‘Cease and desist;’ Elon Musk’s Boring Co. raises $112.5 million.

Motion Picture Tax Credits Clear Committee Amid Concern

A bill to extend California’s motion picture tax credit program sailed through a state Assembly committee April 17, concerns were raised that Hollywood isn’t using their taxpayer money to promote filmmaking among racial minorities.

AppOnboard Raises $15 Million in Series A Funding Round

AppOnboard, a Los Angeles based mobile technology platform that creates demos for apps, announced a $15 million Series A round led by Korea Investment Partners (KIP) with contributions from Mirae Asset Management, Mantaray, MTG and Runa Capital. The capital infusion brings their total funding to $20 million.

Silicon Beach Report April 16: SpaceX to Build Big Falcon Rocket

SpaceX to build Big Falcon Rocket; Bridg acquires Relevant Mobile; bill to identify bots passes Senate Committee.

Infinity West Apartments in Hollywood Sold for $23.7 Million

Culver City-based real estate company Goldrich Kest purchased Infinity West, a 43-unit apartment complex at 7045-7051 Lanewood Ave. in Hollywood, for $23.7 million, or about $550,000 per unit, from Bolour Associates of Beverly Hills.

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Miramar Capital Spends $19.1M for Torrance Office Building

Santa Monica-based real estate investment firm Miramar Capital has purchased a three-story, 77,200-square-foot office building at 20285 S. Western Ave. in Torrance for $19.1 million, or $247 per square foot, from property firm Mar Ventures Inc. of El Segundo.

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PierPass Switches to Appointments and Flat Fees for Shipping Cargo Pickups

PierPass Inc., a not-for-profit organization created by terminal operators at the Port of Los Angeles and Port of Long Beach, is replacing its pricing model and implementing an appointment-based system for container pickups, the entity announced on April 16.

New L.A. Times Location in El Segundo Revealed

The permanent home of the Los Angeles Times will be in El Segundo at 2300 E. Imperial Highway.

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Garcetti Announces SpaceX Will Build Big Falcon Rocket at Port of L.A.

Mayor Eric Garcetti announced April 16 during his state of the city address that Elon Musk’s SpaceX will start building the largest rocket ever, Big Falcon Rocket (BFR), on Terminal Island in the Port of Los Angeles.

Ferro Sells Off Tronc Shares

Michael Ferro has entirely sold off his 25.5 percent stake of tronc Inc. four weeks after he stepped down as board chairman of the Chicago-based media company, which for now owns the Los Angeles Times.

Santa Monica’s Fairmont Miramar Hotel Revises Renovation Plan

The 302-room luxury Fairmont Miramar Hotel & Bungalows in Santa Monica reportedly unveiled a new plan to dramatically alter its footprint.

So Cal Ports Report Cargo Movement for Q1

The number of cargo containers moved in the first quarter of 2018 was similar at the Port of Los Angeles and the Port of Long Beach but compared to the same period last year, one port set a record while the other saw a decline.

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MGA Entertainment Chief Bidding $890 Million for Toys R Us

Isaac Larian, chief executive of Van Nuys toy maker MGA Entertainment Inc., has made an $890 million offer to buy the Toy R Us retail chain out of bankruptcy.

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Breitburn Energy Exits Bankruptcy With New Name: Maverick

Downtown oil company Breitburn Energy Partners said late April 12 that it has emerged from its two-year bankruptcy and has renamed itself Maverick Natural Resources.

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Silicon Beach Report April 13: Too Many Robots for Elon Musk

Too many robots for Elon Musk;SpaceX worth $25 billion; Fika Ventures pours $8 million into PullRequest

Los Angeles Times Moving to El Segundo

Patrick Soon-Shiong’s first order of business as new owner of the Los Angeles Times will be moving the newspaper to El Segundo.

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