Los Angeles Business Journal

LA FINANCE

Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...

Westwood Real Estate Firm CityView Closes $150 Million Investment Fund

Westwood urban residential real estate investment and management firm CityView announced Monday that it had closed a $150 million equity fund to invest in multifamily housing in the Western and Southwestern United States.

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NFL’s Big Picture

Film producer and New York Giants co-owner Steve Tisch believes Rams, Los Angeles ready to play ball

Oscar-winning producer and New York Giants co-owner Steve Tisch talks how the Rams will play in Los Angeles.

West Hollywood’s Opinit Acquired by Canadian App Developer

West Hollywood social media curation service Opinit has agreed to be acquired by Canadian app developer Fundamental Applications Corp.

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A Look Ahead: What’s on the agenda for Los Angeles business in the coming week

ENERGY: Breitburn brass could receive millions from bankruptcy judge.

Executives at Breitburn Energy Partners, an L.A. oil and gas exploration partnership that filed for bankruptcy in May, could receive tens of millions of dollars in bonuses under a proposal to be considered in U.S. Bankruptcy Court on Aug. 18.

U.S. EPA Fines Two Local Operations for Hazardous Waste Storage Violations

The U.S. Environmental Protection Agency on Wednesday announced settlements with two Southern California facilities for improper handling of hazardous waste.

Funny Or Die Cuts Impact Nearly A Third of Staff

Comedy website Funny Or Die is laying off 37 of its staffers and closing its San Mateo office as it refocuses its resources on creating content.

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Knockout Opportunity

FITNESS: Sale of UFC to WME/IMG may boost franchising.

The purchase of Ultimate Fighting Championship by WME/IMG may boost the prospects for franchisees of its branded gyms.

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Scopely Closes Series B as Mobile Games Spur Race for Partnerships

Mobile game producer and distributor Scopely has closed a $55 million Series B funding round, bringing its total equity funding to $99 million.

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N.Y. Hotel Developer Checking Into Downtown

HOSPITALITY: Demand for rooms near Convention Center spurs large project.

Lightstone Group is moving forward with plans to build a $450 million hotel with 1,100 rooms across from the Convention Center.

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Radio, TV Broadcaster Tops Chart

INVESTMENT: Entravision hits No. 1 on list of most profitable.

Spanish-language radio and TV broadcaster Entravision dialed up its performance to top the Business Journal’s list of most profitable public companies.

Multilevel Marketing Makeover?

Herbalife Ltd.’s $200 million settlement with the Federal Trade Commission will mean a rethinking of how it conducts operations, but reimagining a $6 billion company’s business model is no easy task.

Business Journal sorts through the good and bad news in Herbalife’s $200 million FTC settlement.

Different Directions

The profitability of publicly held real estate companies and Dollar Shave Club’s $1 billion exit are all part of the story of the strength of the local economy.

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Equity Firm Pulls Off Sweet $725 Million Deal for Maker of Twinkies

Is Gores Group developing a sweet tooth?

Pot Management Firm MedMen Starts $100 Million Fund

MedMen, a cannabis management company based in Culver City, announced that it was launching a $100 million private equity fund.

Thrive Market Raises $111 Million

Online health food store Thrive Market has raised a $111 million round.