LA FINANCE

InvestCloud Moving to Headquarters in West Hollywood

Fintech platform developer InvestCloud Inc. is moving into new West Hollywood digs as the company looks to expand operations.

Movers for Week Ending January 27, 2017

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.

Arts District industrial property owners sold on big paydays

Healthy sale prices for industrial spaces pay off for Arts District landlords willing to depart.

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Snap Decisions

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.

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BID Assessment Hits Home for Venice Residents

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.

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Investment Manager Puts Money on Exec Influx

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.

Overseas Investment Shores Up Firm’s Inaugural Equity Fund

Los Angeles has a new home-grown private equity player looking to tap deal flow from the lower middle market.

Values for Three Westside Properties Head North

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.

Angeles Equity Partners Closes $360 Million Inaugural Fund

L.A. has a new, home-grown private equity player looking to tap into the lower middle market.

Banc of California CEO Steven Sugarman Resigns

Irvine-based Banc of California Inc. announced Chairman and Chief Executive Steven Sugarman has resigned.

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Movers for Week Ending January 20, 2017

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.

West Adams at Home Among National Markets

RESIDENTIAL: Values soar as neighborhood proves big draw for house buyers

West Adams sits among the most competitive home markets nationally.

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Residential Developer Tips Cap to City’s Assist

GOVERNMENT: Financial support eased creation of affordable housing units.

Developer Dan Rosenfeld says city financing can open doors for affordable housing projects.

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Gores Group Launches Blank Check Company in $400 Million IPO

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.

Movers for Week Ending January 13, 2017

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.