LABJ WEEKLY EDITION

Year in Review 2018

A look at some of the top stories in several key L.A. sectors

Live Nation Deal Probed

ENTERTAINMENT: Irish officials scrutinize purchase

Bump in road for Live Nation’s global expansion plans.

Microlender Sets Up in LA

FINANCE: SoLo Funds aims to attract talent, raise $15M

Microlender SoLo Funds makes L.A. its new home.

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GROWING ROOTS

High-profile tech and new media players expand LA presence

Los Angeles continues to draw big names in tech and new media

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Chanje Pushes E-Trucks

ENERGY: Electric vehicle-maker gets big FedEx order

Change in the air for Chanje after FedEx deal.

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Old Building, New Look

REAL ESTATE: Renovation trend seen for art institutions

Old is new for L.A.’s real estate developers.

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Prepping for LA’s Next Earthquake

On Jan. 17, 1994, an earthquake shattered the stillness of the early morning hours in Los Angeles.

Faangs Flock

Google’s new L.A. home shows how biggest tech and new media companies value region

FAANGS TAKE BITE OUT OF L.A.

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Colleges Branch Out with Satellite Spaces

Academic institutions have specific needs for LA outposts

Los Angeles is increasingly a destination for universities and colleges looking to expand educational offerings in cities outside their home geographic region

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Large Office Space in Short Supply in LA

Number of 100,000-square-foot spaces on market dips in 2018

Companies looking for large blocks of office space to relocate or grow – especially on the Westside – may be out of luck.

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Quarterly Real Estate

The Real Estate Quarterly

Celgene is Investor Behind NantCell $30M

Biotech giant has history of investing in Soon-Shiong cancer treatment companies

Celegene revealed as NantCell’s $30M investor.

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Lions Gate Cuts Jobs, Production Co. Deal

Studio axes employees, ends partnership deal with Codeblack Films

Lions Gate layoffs spark speculation about movie studio’s future.

Miracle Mile Advisors Expands to OC

Advisory firm adds Palo Capital, combined AUM checks in at $1.5 billion

Miracle Mile Advisors makes foray into OC with acquisition.

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SNAP CFO RESIGNS

Tim Stone, Snap Inc.’s chief financial officer, announced Jan. 15 he will resign

New Bid Chief in Hollywood

The Hollywood Business Improvement District board named Kristopher Larson

Jam City Raises $145M for Acquisitions

Jam City Inc. announced Jan. 16 it completed a $145 million fundraise

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L.A. Drew 50M Visitors in 2018

Los Angeles set a new record for tourism in 2018, marking the eighth consecutive year of growth

Tishman Could Net More Than $600M

Two Playa Vista campuses up for sale

Tishman Speyer puts Brickyard, Collective on the market.

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US Bank Tower Could Sell for $700 Million

REAL ESTATE: The skyscraper was built in 1989

Downtown’s iconic U.S. Bank Tower up for sale.

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SpaceX To Cut 10 Percent of Staff

TECHNOLOGY: Company also moving Starship production to Texas

SpaceX announces layoffs at Hawthorne headquarters.

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Training or Gaming?

Zwift straddles the exercise and e-sports market with cycling software

Professional cycling and e-sports collide at Zwift.

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Redesign for Hodgetts and Fung

ARCHITECTURE: Firm joins Mithun, broadens focus

Hodgetts and Fung merger with Mithun may open door to larger projects.

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Bank Branch Closures Rise

FINANCE: 2018 numbers worst for L.A. since 2008

L.A. County sees largest number of bank branch closings since Great Recession.

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Long Road for Short Videos

MEDIA: Fiction Riot looks to make name in nascent market

Fiction Riot looks to jump into short-form video market.

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Google Leasing Westside Pavilion

REAL ESTATE: Former shopping mall to be renamed One Westside

Downtown’s CalEdison gets new owner in $111 million deal.

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MJIC Continues Push for Public Listing

FINANCE: Pot logistics co. planning reverse merger

MJIC Inc. has high hopes for plans to go public.

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