LABJ WEEKLY EDITION

THE REAL ESTATE QUARTERLY

In this week’s special report, we break down hot topics and trends in real estate as well as the latest data.

Judge Approves Sale of Verity

HEALTH CARE: KPC gets St. Vincent, St. Francis hospitals

Bankruptcy judge approves sale of Verity Health hospitals.

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Blank-Check Firms Ride Market

FINANCE: LA a hotbed for SPACs, deal-makers

L.A.’s flurry of blank-check offerings continues into 2019.

Delay Extends Port Battle

TRADE: Terminal operators continue push for automation

Fight over automation continues at Port of Los Angeles.

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Data Centers Come Online

Tech: Google, others ramp up to meet growing local demand

Data centers finding new homes downtown.

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BRIGHT LIGHTS

LEDtronics has made industrial LED lights for more than 35 years

LEDtronics sticks to its roots in commercial and industrial lighting market.

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Verb Purchases Sound Concepts

Tech: $25M deal comes on heels of $20.5M IPO for video advertising co.

Verb acquires Utah competitor following IPO.

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Trade Troubles

After year-end surge, ports see fall in first-quarter imports from China

Ports see imports from China fall in first quarter.

Platinum Equity, Gores Group Sell IT Company

NY firm acquires Data Blue, which provides cloud and computer services

Platinum Equity, Gores Group sell information technology company.

Center Stage

Michael Ritchie • Center Theatre Group

Here’s looking at you

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AECOM To Bid on $13 Billion Navy Contract

Local engineering giant’s URS unit in hunt for aircraft logistics work

AECOM looks to cement defense contractor position with bid on $13B Navy contract.

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LA Home for Santa Fe RE Investment Firm

Gemini-Rosemont will occupy offices in iconic Century City building

Gemini-Rosemont Realty looks to cash in on L.A.’s real estate market with HQ move.

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Scopely’s Culver City HQ to Double in Size

Mobile game developer has raised $250M; revenue rose 80% in 2018

Scopely looks to expand in Culver City.

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Northwestern Mutual Funds LA Housing Grant

DonaTion: $15,000 to help NoHo organization move people out of homelessness.

LA Family Housing Corp. has received a $15,000 grant from Northwestern Mutual as part of the company’s 2019 Community Service Awards

Preferred Finds Local Profits

FINANCE: Bank leads on equity return, data shows

Preferred Bank takes road less traveled.

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Putting On The Dog

Retail: On Rodeo Drive, retailers have tails wagging

Shops on Rodeo Drive are going to the dogs.

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PROJECT RUNWAY

United, Southwest want more LAX gates; cargo facility demolition could be sped up

United, Southwest could benefit from proposed LAX expansion.

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Radio Stations Cut Back on Jackson’s Music

Entertainment: Plays drop after HBO documentary alleging sexual abuse

Fallout from Michael Jackson doc spreads to L.A. radiowaves.

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Big Swag is Coachella’s Bag

Retail: Brands spend thousands to reach influencers at the music festival

GBK looks to get swag bags into influential hands at Coachella.

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Deals Downturn

Venture capital transaction volume wanes in LA and Orange counties

L.A. venture capital deals down in 2019.

Integrated Capital Raises $30M for Debut Fund

Disney family’s Shamrock Holdings provided seed money for early investments

Integrated Capital raises funds from Disney family’s investment vehicle.

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Supermarkets, Union Call on Federal Mediator

SoCal grocery employees have been working without contract since March 3

Federal mediator steps in as grocery workers union, stores negotiate contract.

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Keck Medicine Marks 10 Years Under USC Control

Capital commitments transform campus with more development slated

Keck Medicine investment shows results.

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HHH Gives Projects a Boost

Local builders tap $800M in public funds for supportive housing

A range of factors are driving growth and opportunity across Los Angeles’ real estate market. While some companies are benefitting from an influx of public money, others are taking advantage of tax law changes. In this week’s special report, we break down hot topics and trends as well as the latest data.

Tax Change Leads to Sale-Leaseback Surge

Companies free up capital and cash in on properties

TAX LAW CHANGES SPUR SALE-LEASEBACK POPULARITY

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Mergers, Consolidation Drive Sublease Market

Moves by Snap, others leave unused office space in search of tenants

SUBLEASES GIVE COMPANIES OPTIONS

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