LA FINANCE

Moving Into Koreatown

DEVELOPMENT: Proximity to Westside, downtown, rail line fuels market’s attraction.

Koreatown has proved a popular middle ground between downtown and the Westside.

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Small Business Deals Up in First Quarter of 2017

First-quarter sales of small business in Los Angeles were up 4.4 percent year over year, according to numbers from BizBen released Tuesday.

Movers for Week Ending April 7, 2017

Beverly Hills-based Genius Brands International Inc. was the week’s leader, gaining 20.6 percent to close at $4.51. Furniture maker Nova Lifestyle Inc., headquartered in Commerce, was close behind, shooting up 15.7 percent to close at $1.92. The week’s biggest laggard was Ritter Pharmaceuticals Inc. in Beverly Hills, which dropped 19.7 percent to close at $1.14.

Producer Joe Carnahan Lists Pacific Palisades Home for $3.9 Million

Hollywood director and producer Joe Carnahan is selling his Pacific Palisades home for $3.89 million.

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Businessman Helped Neighborhood Bounce Back

DEVELOPMENT: Vermont Avenue tenants credit lift to efforts by Leonardo Lopez.

Olympian Burgers’ Pete Zinelis lived through the Rodney King riots and the neighborhood’s recovery.

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Office Developers Find Home in Residential Area

ACQUISITION: Co-owners expect multifamily boom to feed interest in work space.

The eight-story office building at 520 N. Central Ave. in downtown Glendale sits on a street where several apartment complexes have popped up in the last couple of years.

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PacWest Bancorp Acquires CU Bancorp in $705 Million Transaction

Beverly Hills-based PacWest Bancorp and downtown’s CU Bancorp announced Thursday they will merge, with PacWest acquiring CU for $705 million in cash and stock considerations.

Report: Hiring in Los Angeles Grows by 2 Percent

Businesses hired at a faster rate in March than in the year earlier, according to a monthly jobs report from professional social networking site LinkedIn.

Soon-Shiong’s NantHealth Reports $184 Million Loss

L.A. biotech billionaire Patrick Soon-Shiong’s diagnostics company, NantHealth Inc., reported this week it lost $184 million last year, largely due to lagging sales of its much-touted GPS Cancer diagnostic test.

Movers for Week Ending March 31, 2017

Arts District online advertising platform Social Reality was the week’s big gainer, shooting up 14.5 percent to close at $2.29. Motorcar Parts of America Inc. also put up big numbers, gaining 9.7 percent to close at $30.73. The week’s biggest laggard was Ritter Pharmaceuticals Inc. of Beverly Hills, which fell 21.5 percent to close at $1.42.

Cash-Advance Firm Plows Money Into Farming

FINANCE: ProducePay fields service to fund-hungry sector.

Cash-advance service ProducePay believes it has a bumper crop of clients in farmers.

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Soxhub Gets Investment from Donnelley Financial in New Partnership

Soxhub Inc. said this week it had received a minority investment from Donnelley Financial Solutions Inc. as part of a partnership between the two companies.

L.A. Adds Solar Jobs, But Slips to No. 2 for Metro Areas

L.A.’s solar power industry grew by 11 percent in 2016 over 2015, but dropped to second place for most solar-related jobs in the nation’s metropolitan areas, according to a report issued Tuesday by the Solar Foundation, a Washington D.C. nonprofit dedicated to promoting the solar power industry.

Movers for Week Ending March 24, 2017

Technology and social media company Snap Inc. was this week’s biggest mover, gaining 16 percent to end at $22.74. Differential Brands Group Inc. was also among the week’s biggest movers. The Commerce-based branded consumer platform gained 16 percent to end at $2.15. Ritter Pharmaceuticals Inc. was this week’s biggest loser, dropping 20 percent to end at $1.80.

Trump’s Ban On Travel Hits Home in L.A.

TOURISM: Board works to reassure international visitors.

City agency looks to position Los Angeles as a draw despite an expected drop-off from U.S. travel ban.

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