SPORTS: Clippers owner Steve Ballmer eyes new venue for team by 2024.
Inglewood council signs off on a proposed arena to house the Los Angeles Clippers.
Organic baby-food startup Caer Inc., which does business as Yumi, announced a $4.1 million seed round last week, taking money from a mix of angel investors and venture capital outfits.
Mario Cordero aims to buoy Long Beach port’s growth efforts
Newly appointed Port of Long Beach Executive Director Mario Cordero spent time with the Business Journal to discuss the outlook for one of the region’s biggest economic drivers.
HEADQUARTERS: Pending exit of Toyota shakes up list of businesses in L.A. County.
American Honda Motor has homed in on the top spot of foreign firms with U.S. bases in L.A. County.
FASHION: Two suitors eye BCBG Max Azria Group’s assets including store leases.
Don’t write off BCBG Max Azria Group yet.
EMPLOYMENT: Adam Feit, Matthew Dalany to bolster Union Bank’s sector efforts.
It seems like a new private equity shop rears its head in Los Angeles every week, and the banks have noticed.
SALE: Brookfield acquires hefty stake from Jamison in deal valued at $220 million.
Koreatown-based Jamison Properties’ recent deal to sell a significant stake of its California Market Center to New York-based Brookfield Asset Management Inc. has brought a forward focus to the 1.8 million-square-foot campus in downtown’s Fashion District.
The Los Angeles Clippers could be joining the Rams and Chargers on the bandwagon to Inglewood.
COMPENSATION: Disney’s Robert Iger at top despite dip.
The entertainment sector made a big production out of exec pay last year, with Disney’s Robert Iger and Activision’s Robert Kotick leading the CEO list.
Rash of retail bankruptcies has raised concerns over loading firms with debt to pay dividends.
ACQUISITION: Pacific Oaks buys office property it leased with potential for expansion.
Pacific Oaks Education Corp. has acquired the Pasadena office complex where it leases space for $21.5 million – or $287 a square foot – aiming to keep the site as its permanent home with room to expand.
World of Dance steps up its profile with an NBC program that unites a range of L.A. talent.
INTERNET: $200 million buys tracker of ground-level data.
Snap moves to improve its ground game with the pickup of street-level ad data tracker Placed.
New owner Bay Club picks up property as part of drive for gym, leisure holdings in California.
Bay Club Co. has acquired Manhattan Country Club in Manhattan Beach for $73 million, the latest addition to the San Francisco-based company’s holdings in Southern California.
Jonathan Diamond to take over magazines, conferences; Jerry Sullivan named new editor.
Former Orange County Business Journal Editor Jerry Sullivan replaces Jonathan Diamond as LABJ editor.
Cirrus Aircraft turned heads on a recent jaunt out of Santa Monica Airport, where air traffic controllers, pilots and even a guy polishing a vintage auto collection gave figurative and literal thumbs up to its new Vision Jet.
INVESTMENT: Marlin’s eye stays on Tangoe offer while acquiring software business.
Marlin Equity Partners picks up educational software firm while pursuing Tangoe deal.
Retail: Trader Joe’s win over Canadian shop seen as boost to trademark law.
Trader Joe’s trademark victory over a Canadian imitator is hailed as borderline win.
Operating a multiple listing service has become a tough sell as rivals flourish online.
BEVERAGES: Millennium Products looks to pour it on as healthy drink sales boom.
Millennium Products bottles up more space to boost output of its kombucha drinks.
WASTE: City Council looks to enact policy in five years; business groups blast costs.
Long Beach City Council moves to adopt a trash franchise system that hiked costs in Los Angeles.
DEVELOPMENT: Project expected to come together faster, with added revenue.
Builder of Hawthorne Marriott put the project together with modular construction in mind.