Los Angeles Business Journal

LABJ WEEKLY EDITION

PAGE 3: On-Campus Activity

Lots of news from the academy last week.

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Robot Gears Up as Cook

MANUFACTURING: Chain CaliBurger beefs up burger service with Miso’s ‘Flippy.’

Miso’s patty-cooking robotic arm, “Flippy,” is giving CaliBurger a hand in the kitchen.

Home Goods Reshuffle

INTERNET: Brian Lee gives Honest Co.’s CEO seat to sector veteran Nick Vlahos.

Honest Co. co-founder Brian Lee signs off as CEO of the home goods e-tailer.

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Waterfront’s Future Adrift After Redondo Beach Voters Reject $400 Million Project

Coast Unclear

Redondo Beach voters throw cold water on a $400 million facelift for the city’s aging pier.

Company Looks to Shore Up Island’s Attractions

HOSPITALITY: Four-year, $40 million plan aims to feed Catalina’s tourism growth.

Catalina Island Co. plans to unleash a new wave of attractions and upgrades to draw visitors.

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Celebrities Become Well-Known as Tech Funders

INVESTMENT: Some firms take shine to helping startups connect with stars’ money.

Firms have grown familiar in helping celebrities put their money on the next rising-star startup.

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Hyperloop Firm Makes Tracks to Crowdsourcing

TECHNOLOGY: Equity-paid workers recruited by venture to speed system to market.

Hyperloop Transportation looks to get moving with equity-paid, crowdsourced workers.

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Doctor’s Venture Nurses Physicians’ Home Loans

REAL ESTATE: Lenders say there’s less risk banking on medical field’s high incomes.

Dr. Peter Kim has found a healthy side gig in helping secure physician home loans for clients.

Studios Hit Silicon Beach With Digital Production

ENTERTAINMENT: Virtual reality, traditional services on offer at new facilities.

New studio spaces will give digital production a real presence in Silicon Beach.

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Business Groups Aim to Take Down ‘Job Killers’

POLITICS: One targeted bill looks to protect some state standards from federal shifts.

Business groups see “job killers” lurking in Sacramento.

Firm Looks to Take Step Up in Deal Size With $6.5 Billion Fund

Platinum Equity has closed its latest buyout fund, a $6.5 billion vehicle with more than 200 limited partners subscribed, among them local institutional investors such as the Los Angeles City Employees Retirement System and the Los Angeles Fire and Police Pensions.

Calendar

Calendar of Events

Conventions

Upcoming Conventions

Meal Replacement Company Bites on Downtown

LEASE: Rosa Foods grows presence in area with deal for office space in Arts District.

Rosa Foods Inc., maker of the Soylent meal replacement drink, just boosted the nascent office market in downtown’s Arts District, signing a large lease just under $4 a square foot monthly, according to a source familiar with the deal.

Fewer Raids, Better Planning

Immigrants are deeply woven into the fabric of Los Angeles; federal policy needs to keep that in mind.

Investing in Workforce

Leaders in education, business must join with politicians to help prepare future employees with proper skills.

Gary L. Toebben cautions that youths may not be learning the skills for tomorrow’s jobs.

Public-Private Ventures May Build Up Infrastructure

Charles L. Harrington calls for the public and private sectors to team up on infrastructure.

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Battery Maker Romeo Woos Highly Skilled Manufacturing Staff

Power Play

Battery maker Romeo Power seeks highly skilled workers to plug into production.

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Rival Puts Bite On ‘Superfood’

FOOD: Overseas buyer grabs Essential Living on the cheap.

Bankrupt “superfood” dealer Essential Living proves a tasty target for snack company.

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Pot Ventures Hopeful About Building Buzz

MARIJUANA: City of L.A. yet to get on board weed ads.

Pot businesses remain cautious in smoking out advertising opportunities.

TV’s New Story

ENTERTAINMENT: Writers bid for deal in streamed world.

Content creation for streaming platforms has altered the big picture as writers seek a new deal with producers.

Pizza Chain CEO Fails to Pan Out

800 Degrees brings in seafood veteran Tommy Lee to replace Steve Overholt in exec shakeup.

Chief Executive Steve Overholt is no longer a piece of the pie chain for 800 Degrees Pizza.

Newspaper’s Parent May Add Star Power

Pickup of magazine Us Weekly could bolster celebrity coverage of tronc’s Los Angeles Times.

Stargazing tronc might fold celeb-focused magazine Us Weekly into stable of newspapers.

Voters Get Behind L.A. Development

WWhile restrictive Measure S goes down to defeat, weed regulation, aid for homeless move forward.

Voters elect to reject anti-development Measure S while backing pot regulation and homeless aid.

PAGE 3: Assist for HomelessPrivate Job Search

John Emerson is back from Germany, easing his way back into employment.

News Hits Firms’ Stock

BIOTECH: Money donated by Patrick Soon-Shiong at heart of damaging report.

Shares of two Patrick Soon-Shiong-controlled firms swoon after questions are raised about a donation.