LABJ WEEKLY EDITION

Flying High

LA airports – and the airlines that serve them – see flights tick up in 2018

L.A.-area airports see record number of passengers.

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Colony Credit RE ups Credit Line to $560M

Real Estate Inc. has increased its credit line to $560 million to accommodate future growth

SHELL ACQUIRES ELECTRIC VEHICLE CHARGING OUTFIT

Royal Dutch Shell’s New Energies division has acquired West Hollywood-based Zeco Systems Pte Inc.

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Xencor Cuts $280M Deal with Genentech

Xencor Inc. signed a research and licensing agreement with Genentech Inc. valued at up to $280 million

Forever 21 HQ Sells for $166M

Forever 21 Inc. has sold its headquarters building to Blackstone Group, industry sources confirmed.

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Downtown’s Box Yard Sold for $68M

New owners will target e-commerce tenants

Bridge Development thinks outside the box with industrial purchase.

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Split Verdict in Puma Biotech Case

HEALTH CARE: Federal jury awards investors damages in rare securities class-action trial

Both sides claim victory in lawsuit against Puma Biotechnology.

AEG Deal Creates Events Giant

ENTERTAINMENT: Entity will handle event logistics at more than 300 venues

AEG, SMG form vast venue venture.

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PAGE 3: Snap’s Back; Fox RSNs in Limbo; Bezos Bombshell

Commentary

We’re more than a month into 2019, and the business community in Los Angeles seems to be hitting its stride after the traditional year-end slowdown. Let’s start with the good news, shall we?

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Top-Read Stories of the Week

Top-Read Stories of the Week

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Change of Leadership, Address at Bar Association

ORGANIZATION: New digs to facilitate ‘collaboration and networking’ focus.

Bar Association’s new leadership.

APM Setback in Automation Quest

PORTS: Terminal upgrade permit pulled amid labor strife

Dispute with union delays automation plan at the Port of L.A.

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$84M for Silver Lake Medical

HEALTH CARE: Troubled hospital part of BK divestment

Silver Lake Medical Center to be sold for $84 million.

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Activision Under Siege

MEDIA: Split with Bungie prompts stock drop, lawsuits

Stormy times for Activision Blizzard after breakup with Bungie.

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SOUTHLAND DRIVE

C.W. Driver Cos. celebrates year 100 in Los Angeles

C.W. Driver still in demand after 100 years.

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PAGE 3: Oxy Finds Spotlight; Garcetti Stays Put

Despite its attachment to alumnus President Barack Obama, Occidental College is often an overlooked academic outpost in Los Angeles

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Chiang Moves to Private Sector

FINANCE: Former state treasurer racks up board appointments, joins law firm

John Chiang finds footing in private sector after stint as state treasurer.

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BROADWAY BLOOM

Can downtown’s Broadway recapture its retail glory?

Developers remaking Broadway with retail revolution.

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BROADWAY’S BOUNTY

Developers remaking Broadway with retail revolution.

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March Capital Closes $300 Million Fund

Second fund for venture capital firm comes after exits from $240M vehicle

March Capital Partners closes $300M fund.

Clippers Start New Year by Racking Up Techs

Deals with blockchain and AR firms bolster team’s tech bona fides

Clippers keep focus on tech with new partnerships.

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Soon-Shiong Forgoes Tribune Activist Role

SEC filing shows billionaire agrees not to meddle with board, shareholder votes

Patrick Soon-Shiong won’t take more active role at Tribune.

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CHLA Looks to Boost Diabetes Care for Teens

$1.4 million grant will help spread best practices on youth diabetes program

Grant allows Children’s Hospital to focus on youth diabetes.

Can Gavin Newsom Be a Clean Economy Governor?

Commentary

California proves that smart clean energy and climate policies go hand in hand with economic growth.

Highway to Hell in the City of Angels

Commentary

Officials in Los Angeles have for years made numerous attempts to alleviate the city’s infamous traffic gridlock.