LABJ WEEKLY EDITION

Lofty Goal

Developer looks to put new museum on displayDeveloper Tom Gilmore looks to reframe downtown’s Old Bank District with a multibuilding museum.

Investor dips into social impact with chip buy

Venture capital firm’s deal for snack maker gives gang reform program a taste of the equity.

Small Business Has Big Period

INVESTMENT: First quarter yields $370 million in deals.

Cash-positive small businesses proved a big deal in the first quarter.

LENDING: Ethnic banks say tech now speaks to customers.

Next Generation

Ethnic banks once focused on immigrant customers invest in connecting with the next generation.

Utility Puts More in Storage at Facilities

ENERGY: SCE equips two plants with battery systems.

Southern California Edison plugs new hybrid-car-like battery storage systems at two power plants.

Billionaire at Home With Pricey Mansion

Nicolas Berggruen moves into 20,000-square-foot Holmby Hills estate with $40 million deal.

Billionaire Nicolas Berggruen grows his L.A. roots with the purchase of a Holmby Hills mansion.

Seed Stage Investor Breaks With Roots

Chris Sacca’s new direction after venture capital could mean bigger role in Hollywood production.

Early stage tech investor Chris Sacca is pulling the plug on future seed ventures.

PAGE 3: All Charged Up

The Los Angeles Business Council sent a letter to Environmental Protection Agency Administrator Scott Pruitt on April 28, urging him not to end the Energy Star program.

U-Turn Spurs Sell-Off

INTERNET: Stock rebound for TrueCar drives investors to offer up 8 million shares.

Investors in vehicle-shopping site TrueCar are sold on an offering of 8 million shares.

No Break for Carmaker

AUTOMOTIVE: More bad news for Faraday Future as bike firm makes name claim.

Faraday Bicycles wants to hit the brakes on carmaker Faraday Future’s use of the name.

Turning Up Heat

Coffee shop part of roaster F. Gaviña & Sons’ expansion plans.

Roaster F. Gaviña & Sons looks to heat up its revenue by opening a downtown café.

Brexit Fallout Prompts Return of Euro Subsidiary

REAL ESTATE: Tumble in share value drives deal by Kennedy-Wilson Holdings.

Brexit fallout spurs Kennedy-Wilson Holdings to buy back European subsidiary.

Hotel Books Makeover

Hospitality: New owner of Claremont sees boutique opportunity in Westwood.

Buyers Shore Up Offices

INVESTMENT: Companies continue to snap up pricey Santa Monica properties.

Douglas Emmett and the Qatar Investment Authority picked up two more Santa Monica office buildings.

Museum Aims to Come Alive With Cadaver Show

NONPROFIT: Center hopes new ‘Body Worlds’ exhibit can live up to run in 2004.

California Science Center seeks lively attendance with the return of “Body Worlds” cadavers.

Makers of Movie Trailers Hitch Business to Internet

FILM: Shorter content in play as studios look to hook customers outside theaters.

Trailer producers hope to make the cut with shorter teasers aimed at online viewers.

Towering Hotel May Be High Impact Downtown

HOSPITALITY: Arrival of Wilshire Grand Center could overshadow rivals’ business.

Wilshire Grand Center has no reservations about checking in to L.A.’s thriving hotel scene.

L.A. Wants Vehicle Rental Service to Curb Parking

TRANSPORTATION: City warns Turo that streets out of bounds as moneymakers.

Another sharing economy service is facing scrutiny from city of L.A. officials.

Apparel Firm Helps Professional Athletes Suit Up

CLOTHING: Jhoanna Alba credits Magic Johnson with assist in launching business.

Former Los Angeles Rams defensive end William Hayes doesn’t consider himself to be a fashion-forward guy six days a week, though he insists on looking good when he’s in front of the cameras.

Account Security Firm Signs Off on Sale for $230 Million

The Silicon Beach tech scene saw another huge exit last week with TeleSign Corp. agreeing to be acquired by Belgacom International Carrier Services, known as Bics, for $230 million in cash.

Calendar

Calendar of Events

Conventions

Upcoming Conventions

Strength of South Bay on Show in Industrial Deal

ACQUISITION: Terreno pays $31.4 million for 23.4-acre Lynwood site near rail spur.

One of the largest South Bay industrial sites to hit the market in more than a decade sold last week for $31.4 million, or $31 a square foot, according to brokerage CBRE.

When the Bill Comes

Everyone appreciates a lower tax bill, but let’s mind the hidden costs that may come with it.

Rocket Firm High on New Course in Business

AEROSPACE: Aerojet may seek lift in satellite service

Aerojet Rocketdyne may look to pad its rocket revenue by adding satellite launch services.

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Costly Buildup In Construction

DEVELOPMENT: Crush for crews squeezes project budgets.

Buildup in construction costs is making it harder to put together projects.

Whole New Strategy for Randy’s Donuts

Randy’s Donuts finds a sweet spot in Century City for first expansion.

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