LA BUSINESS JOURNAL DAILY NEWS

Former Playboy Studio Campus Sells in Atwater Village for $30-Plus Million

Gaw Capital Partners bought 3030 Studios, a 108,000-square-foot former Playboy studio campus at 3030 Andrita St. in Atwater Village for an undisclosed amount, Jones Lang LaSalle Inc. announced.

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Business Opposition Mounts to Proposed Moratorium on New Natural Gas Hookups

Business opposition is mounting to a proposed three-month moratorium on new commercial natural gas hookups in Los Angeles County, with a vote by the state Public Utilities Commission set for Thursday.

LAUSD Superintendent Michelle King to Retire to Focus on Cancer Illness

Los Angeles Unified School District Superintendent Michelle King on Friday announced she was retiring to focus on fighting a cancer illness that forced several prolonged absences last year.

Silicon Beach Report Jan. 5: Snap’s Unusual Structure Led to Breakthroughs, But Also Problems

Snap’s unusual structure led to breakthroughs but also problems; Hulu nabs ‘Lost’ exclusive subscription streaming rights from Netflix; and SpaceX now targeting late January for Falcon Heavy launch.

Health System Overseeing St. Vincent Hospital Names New Chief Executive

Verity Health System, a nonprofit agency that governs St. Vincent Medical Center in Los Angeles, has named Richard Adcock as its chief executive.

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Forever 21 Reports $40 Million Loss; Closes More U.K. Stores

Lincoln Height’s Forever 21 Inc. posted a loss of more than 29 million pounds, or almost $40 million, for its seven U.K. retail stores for the year ended Feb. 28, 2016, according to an annual report filed with the U.K. government on Dec. 15, 2017.

Iconic Lido Apartment Building Sold for $32.2 M

Mosser Capital paid $32.2 million to purchase The Lido, a 100-unit apartment building at 6500 Yucca St., in Hollywood that was featured on The Eagles’ “Hotel California” album.

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Silicon Beach Report Jan. 4: Jimmy Iovine to Leave Apple Music in August

Jimmy Iovine to leave Apple Music in August; Chrome River raises $35 million more and eHarmony's “scientific” match ad banned in UK.

Harbor Trucking Association Announces First CEO

The Harbor Trucking Association, a coalition of West Coast trucking carriers has named Weston LaBar its first chief executive officer, the trade association announced on Jan. 4.

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Radiology Partners of El Segundo Purchases 99-Physician Radiology Practice

Radiology Partners Inc. of El Segundo has acquired Renaissance Imaging Medical Associates Inc. for an undisclosed sum, officials announced Thursday.

LightBay Capital Raises $615 Million for Inaugural Private Equity Fund

LightBay Capital announced Thursday that its inaugural institutional fund, LightBay Investment Partners LP, secured $615 million in capital.

LAEDC Hires New Chief Economist

The Los Angeles County Economic Development Corporation has hired local industry economic forecaster Steven Banks as its new chief economist, the nonprofit was set to announce on Thursday.

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AeroVironment Lands Drone Venture

AeroVironment Inc. has entered into a joint venture with a Japanese company for the development of a solar-powered, high-altitude, long-endurance drone.

Forever 21 Finds Point-of-Sale Data Breach at Stores

Forever 21 Inc. has found a computer data breach that compromised customer data sporadically over an eight-month period.

Colony NorthStar Completes Sale of Townsend Group to Aon

Colony NorthStar Inc., a global real estate and investment management firm in downtown Los Angeles, has closed its previously announced sale of Townsend Group to Aon plc, a global professional services firm providing risk, retirement and health solutions and based in London, England.

Silicon Beach Report Jan. 2: Spotify Hit with $1.6 Billion Lawsuit from L.A. Music Publisher

Spotify hit with $1.6 billion lawsuit from L.A. music publisher; Faraday Future founder defies Beijing order to return home; and SpaceX launching top-secret Zuma satellite for U.S. government this week.

Goldberg Segalla Opens Downtown Office

Buffalo, N.Y.-based law firm Goldberg Segalla announced Tuesday that it opened downtown its first California location.

Faraday Future Founder Defies Beijing Order to Return Home

Jia Yueting, founder and financier of troubled electric car manufacturer Faraday Future, defied orders from a Beijing securities regulator to return to China to deal with debt problems related to his internet company, LeEco.

Fabletics Launches New Activewear Line with Demi Lovato

Athleisure apparel brand Fabletics is partnering up with singer Demi Lovato to launch a new workout wear collection, the company announced on Jan. 2.

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Silicon Beach Report Dec. 29: Faraday Future Boss Jia Yueting No Longer Owns the Company

Faraday Future boss Jia Yueting no longer owns the company; Ziff Davis’ Vivek Shah on publishers’ e-commerce fever; and SpaceX rolls out Falcon Heavy.