LA FINANCE

L.A. Small Business Owners More Confident in Economy than National Average

Professionals finding gigs in the L.A. metro area through local services website Thumbtack said they have more confidence in their business and the economy in the near future than the nationwide average, according to a study released Wednesday by the San Francisco company.

UCLA Anderson Study Projects Short-Term Economic Growth, Uncertain Future

California is poised for an economic growth spurt next year that will likely peter out as a federal tax bill slows housing construction and rising housing costs make it harder for employers to recruit qualified workers, according to a UCLA economic forecast released Wednesday.

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$51 Million in Refinancing for Two L.A. Apartment Buildings

El Segundo mortgage company Venture West Funding Inc. announced Tuesday it arranged nearly $51 million in loans to refinance two newly-constructed apartment buildings totaling 120 units.

L.A. Times Newsroom Takes Next Step to Unionize

The Los Angeles Times editorial staff has taken the next step in its plan to unionize.

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Report: L.A. County Sheds 3,000 Aerospace Jobs Between 2014 and 2016

Aerospace employment in Los Angeles County dropped by 3,000 jobs, or about 6 percent, to 51,000 between 2014 and 2016, according to a report released Monday from the Los Angeles County Economic Development Corp.

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Intrepid Advises RSI on $1.1 Billion Sale to American Woodmark

Intrepid Investment Bankers of Brentwood helped broker a $1.1 billion dollar deal on behalf of client RSI Home Products Inc., the firm said Friday.

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New Food and Beverage Investment Platform Launched in Santa Monica

Santa Monica private investment firm Clearlake Capital Group and beverage veteran Bill Moses announced Thursday the formation of Disruptive Brands, an investment platform specializing in better-for-you foods and beverages.

Canyon Partners Provides $63.5 Million for Portland Condo Project

Century City-based Canyon Partners Real Estate said it provided a $63.5 million loan to an affiliate of Portland-based PHK Development Inc. to finance construction of a seven-story, 162-unit condominium project.

Ares Management Agrees to Sell Four Coal-Fueled Power Plants

Los Angeles private equity firm Ares Management announced Tuesday it has reached an agreement to sell four coal-fueled power plants and completing the divestment of its fossil-fuel power facilities.

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Dream Act Passage Urged by L.A. Chamber, Biz Groups Statewide

The Los Angeles Area Chamber of Commerce joined business groups across the state Tuesday in publicly urging Congress to pass the Dream Act before current protections expire for immigrants who came to the U.S. as minors.

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Veteran L.A. Banker in Weinstein Company Offer

A veteran of the Los Angeles banking sector and former head of the Small Business Administration under President Barack Obama has reportedly submitted a bid to purchase the embattled Weinstein Co. and bring new, majority-women leadership to its board of directors.

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L.A. County Unemployment Rate Falls to 4.7 Percent

L.A. County’s robust labor market continued to gather steam in October as the unemployment rate fell to 4.7 percent from 4.9 percent in September and the county added 35,000 payroll jobs, the state reported on Friday.

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Office Building Near LAX to be Converted to Hyatt Hotels

A 13-story office tower near Los Angeles International Airport will be converted into a 129-room Hyatt House and a 272-room Hyatt Place Hotel.

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Clearlake Capital Leads $65M Round for MetricStream Inc.

Santa Monica private equity firm Clearlake Capital Group led a $65 million investment round for MetricStream Inc. of Palo Alto.

B. Riley to Acquire Voice-Over-Internet Firm for $143 Million

B. Riley Financial Inc. said it would pay $143 million to purchase internet voice call service magicJack VocalTec Ltd.