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Downtown real estate developer Cadiz Inc. was the week’s biggest gainer, shooting up 18.4 percent to close at $14.80. Internet advertiser and marketer Social Reality Inc. also made a big jump. The arts district-based company gained 13.9 percent to close at $3.69. Beverly Hills-based kids entertainment outfit Genius Brands International Inc. was the week’s biggest loser, dropping 14.8 percent to $4.35.
Healthy sale prices for industrial spaces pay off for Arts District landlords willing to depart.
INVESTMENT: Will tech giant Snap Inc. fight suits to clear IPO path?
Snap could be courting more lawsuits as the tech giant moves forward on going public.
DEVELOPMENT: Couple headed to court to fight fees on live-work property
Residents file suit to have their live-work property zoned out of Venice’s new BID.
EXPANSION: Aristotle unit headquartered in New York lands Deutsche departures
Rumors have swirled that Deutsche Bank, reeling after agreeing to a $7.2 billion settlement with the feds over its handling of mortgage securities in the run-up to the 2008 market collapse, was interested in spinning off its asset management unit as a separate public company.
Los Angeles has a new home-grown private equity player looking to tap deal flow from the lower middle market.
ACQUISITION: Buyer pays $168 million for Malibu, Playa Vista office buildings.
Three Westside office buildings sold to a single buyer this month, at prices far higher than their trades just a few years ago.
L.A. has a new, home-grown private equity player looking to tap into the lower middle market.
Irvine-based Banc of California Inc. announced Chairman and Chief Executive Steven Sugarman has resigned.
Glendale-based healthcare company Apollo Medical Holdings Inc. was this week’s biggest mover, gaining 20 percent to end at $10.24. Ares Management was also among the week’s movers. The Los Angeles-based global alternative asset manager gained 16 percent to end at $20.30. Santa Monica-based media company Entravision Communications was the week’s biggest loser, dropping 21 percent to end at $5.10.
RESIDENTIAL: Values soar as neighborhood proves big draw for house buyers
West Adams sits among the most competitive home markets nationally.
GOVERNMENT: Financial support eased creation of affordable housing units.
Developer Dan Rosenfeld says city financing can open doors for affordable housing projects.
Gores Group has completed the spinoff of its second blank check company, raising $400 million in the initial public offering for Gores Holdings II. The offering created 40 million shares priced at $10 each, according to a statement released Tuesday.
Los Angeles-based VCA Antech Inc. was this week’s biggest mover, gaining 29 percent to end at $91.25. ImmunoCellular Therapeutics Ltd was also among the week’s movers. The Calabasas-based clinical-stage immune-based therapy company gained 27 percent to end at $2.75. Los Angeles internet advertising and marketing technology company Social Reality Inc. was the week’s biggest loser, dropping 21 percent to end at $3.94.
REAL ESTATE: Prospect of continued rise has some buyers in rush to move in.
Some house hunters fear rising mortgage rates may lock them out of a dream home.