LABJ WEEKLY EDITION

CalEdison Refinanced for More Than $100M

GreenOak Real Estate acquires building stake

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

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Pacwest Cancels El Dorado Acquisition

Beverly Hills-based PacWest Bancorp has terminated its previously announced agreement to buy El Dorado Savings Bank...

Levine Leichtman Closes $2.5B Fund

Beverly Hills-based Levine Leichtman Capital Partners has closed Levine Leichtman Capital Partners Fund VI, a $2.5 billion fund.

UTA EXEC Named to UC Regenys

Gov. Jerry Brown named Jonathan “Jay” Sures, co-president of United Talent Agency, to the University of California Board of Regents

Executive Shuffle at Herbalife

Herbalife Nutrition Ltd. said Michael Johnson will reassume the role on an interim basis following the resignation of current Chief Executive Richard Goudis.

The ‘Wood is Good

Inglewood rises as football stadium, other projects progress

Inglewood getting its time in the Southern California limelight.

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Commercial Bank Looks To Visa Exec on Fintech

Institution wants to be more active with fintech, incubators and startups

Commercial Bank of California names new fintech exec.

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Fintech Startup Hauls in $15 Million for App

Albert Corp. wants to build more human interface for A.I. financial advisers

Albert Corp. aims to give A.I. a human touch after $15 million fundraising round.

Parsons Says Its Mexico City Airport Contract Still On

Statement comes despite official announcement $13B airport project canceled

Mixed messages about Parson’s Mexico City airport project.

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When FAANGs Bite, Take Your MSME Medicine

Investors pay rapt attention to the powerful multinational companies with high market caps – the FAANGs (Facebook, Amazon, Apple, Netflix and Google) and BATs (Baidu, Alibaba Group and Tencent) of America and China, respectively.

My Kingdom for a Decent Straw

As the new year began, a rash of new laws went into effect.

Toy Story

Ben Goretsky • USAePay

Toys as art

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102-Room Whittier Hotel Sold for $8 Million

Y&C Pacific buys Good Night Inn from Andy’s Investment Co.

Inglewood getting its time in the Southern California limelight.

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Top-Read Stories of the Week

Top-Read Stories of the Week

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Print Pubs Can Pot Ads

MEDIA: Most papers shy away from cannabis dollars

Stigma, legal concerns keep many publications away from pot ad sales.

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Dividend Streak Boosts Water Co. as it Grows DOD Contracts

UTILITIES: American States Water’s run now at 65 years

American States Water Co. keeps 65-year dividend streak running.

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RISING TIDE

Catalina Sea Ranch looks to expand, spins off research arm

Catalina Sea Ranch turns to bioscience to mussel into seafood market.

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Beginning 2019 with a Farewell to Gov. Brown

We’ve made it to 2019, and after the holiday doldrums it seems everyone is casting about looking to make sense of the year past and the year come.

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Figs Leases New HQ in Santa Monica

Medical apparel maker will take 26,118 SF

Figs Inc. has leased a 26,118-square-foot office space

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Push for Progress

Number of women on S&P 500 boards at record high in 2018

Survey finds progress for board diversity.

Hope Bancorp Plans Bank Branch Closures

Some layoffs possible as bank implements consolidation strategy

Hope Bancorp to shutter branches.

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Bioscience LA Expects Early 2019 Launch

Nonprofit looking to fill chief executive role; aims to raise $9 million

New agency to nurture bioscience industry.

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Positive Notes Amid Economic Uncertainty

The state of the U.S. economy was a source of anxiety for many in 2018.

AEG Convention Center Development Greenlit

Firm could also recoup up to $167 million from city as part of deal

AEG convention center expansion gets ok.

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SUSTAINABLE SUCCESS

Derek Hydon • MaCher

A decade ago, Derek Hydon, president of MaCher Inc. in Venice, said, company leaders had no clue about the definition of a sustainable business.

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Downtown Department Store Set for Refurbish

Meridian gets $39.6M for Broadway project with retail, co-working space

Meridian Capital secures funds to rehab downtown department store.

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