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Shwanika Narayan

Stories by Shwanika

Crude Oil Tanker in Long Beach Fined for Leaks

The South Coast Air Quality Management District, the region’s pollution control agency, issued a notice of violation for leaks coming from crude oil tanker GAC North America currently berthed at the Port of Long Beach.

Related Closes $630M Loan for Grand Project

AECOM serving as construction manager

Downtown development gets funding windfall.

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Snack Attack: SnackNation Uses Data-Driven Approach to Promote Growth

Fastest-Growing Private Companies 2018

SnackNation’s data drive

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Tender Greens’ Expansion a Go

RETAIL: Chain looks to double footprint by 2020

Tender Greens could face growing pains.

True Religion Names Interim CEO

Vernon-based True Religion Apparel Inc. said Nov. 2 that board member Chelsea Grayson was named interim chief executive as John Ermatinger steps down for retirement.

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Related Closes $630 Million Loan for The Grand Project

Real estate firm Related Cos. closed a $630 million construction loan from Deutsche Bank for its long-delayed $1 billion The Grand project in downtown L.A.

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Mattel Touts Profit Growth; Revenue Falls

Adjusted earnings allow year-over-year operating profit to show uptick

El Segundo-based Mattel Inc. reported third quarter earnings last month

Milk and Eggs Takes Delivery from Farm to Table

Food delivery service works directly with farmers to get goods to consumers

Kenneth Wu remembers shopping online – often bleary-eyed – for household and baby items after the birth of his second daughter in 2015

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Vive Organic Closes $7 Million Series A Round

Venice-based Vive Organic, makers of cold-pressed wellness shots closed a $7 million Series A round led by Powerplant Ventures, a food and beverage investment fund in Manhattan Beach.

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Century Park Capital Partners’ Portfolio Company Makes Fourth Acquisition

Covercraft Industries, a portfolio company of El Segundo-based private equity firm Century Park Capital Partners, acquired Carver Industries for an undisclosed amount, the companies recently announced.

Retail Redux

Sears is bankrupt and closing stores, but former locations could have new life

Sears is bankrupt, but its former stores are hot real estate commodities.

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Port Rail Project Fully Funded

TRANSPORTATION: State agency kicks in $21.6 million for on-dock plan

Port of Los Angeles moves forward with traffic-flow plan.

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Jakks Pacific Still Considering Meisheng’s Acquisition Offer

Santa Monica-based Jakks Pacific has authorized its advisors to begin negotiations on a takeover offer received in January from Hong Kong-based Meisheng Cultural Co., the toymaker announced in its third quarter earnings call.

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Port of Los Angeles Moves Ahead with $34M Rail Project

A $21.6 million grant from California’s Trade Corridor Enhancement Program is helping the Port of Los Angeles move ahead with a major on-dock rail project designed to improve cargo flow.

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Gateway Towers Sells for $106.25M

Manhattan-based Newmark Knight Frank has completed the $106.2 million sale of Gateway Towers in the South Bay, the real estate firm said Oct. 22.

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New ‘Experiential’ Jordan Brand Retail Shop Opens

Downtown location includes rooftop basketball court and recovery lounge

“Experiential retail” in the air.

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ProducePay Raises $14 Million Series B Round

Glendale-based Produce Pay Inc., a company that provides short-term financing for farmers raised a $14 million Series B round.

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Tastemade Raises $35 Million in Latest Funding Round

Tastemade, a Santa Monica-based digital video company raised $35 million in a Series E round, the company announced Oct. 17.

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San Pedro Ports Set Month and Fiscal Year Records

The Port of Long Beach set a new fiscal year record in container movement and the Port of Los Angeles recorded its best September in history, the ports recently announced.

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Twin Ports, Two Records

SHIPPING: Gains come amid global consolidation trend

The maritime shipping industry has seen a rising wave of consolidation.

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MedMen to Acquire PharmaCann for $682 Million

Culver City-based cannabis company MedMen Enterprises Inc. announced its acquisition of PharmaCann in an all-stock deal valued at $682 million.

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Shopify Opens its First Store in Los Angeles

Canadian e-commerce company Shopify Inc. opened its first brick-and-mortar operation in downtown on Oct. 11

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Metal Finishing Company to Stop Operations Emitting Toxic Compound

Anaplex Corp. in the city of Paramount has been ordered by the South Coast Air Quality Management District to temporarily curtail all operations and processes emitting toxic hexavalent chromium.

Moss Adams’ Innovator Award Back in Fashion

Elie Madi tapped for honors at Petersen Automotive Museum

Moss Adams brings back Fashion Innovator Award after two-year hiatus.

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DOMINO EFFECT

Apparel manufacturers invest in digital wholesale site

Apparel manufacturer Fashion Domino finding roadmap to e-commerce retailers.

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Truckers, Warehouse Workers on Strike at Port of Los Angeles and Long Beach

Truck drivers and warehouse workers launched a three-day strike on Oct. 1 at the ports of Long Beach and Los Angeles claiming unpaid back wages from logistics companies.

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Clearlake to Purchase Glass Fiber Manufacturer

Private equity firm Clearlake Capital Group has agreed to purchase ASP Unifrax Holdings Inc. in N.Y. Terms of the deal were undisclosed.

OpenGate Capital to Sell Nakan for $265 Million

Century City-based private equity firm OpenGate Capital announced an agreement to sell portfolio company, Nakan, for $265 million to Houston-based Westlake Chemical Corp.

Monogram Capital Partners Invest $10 Million in Country Archer Jerky

Beverly Hills-based private equity firm Monogram Capital Partners made its latest investment in food company Country Archer Jerky Co., for $10 million.

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$870 Million Approved to Expand On-Dock Rail Facility at Port of Long Beach

The Port of Long Beach Harbor Commissioners approved an $870 million budget for an on-dock rail facility that plans to largely shift cargo movement from trucks to trains.

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Artisanal’s Heady Brew Leads to Fast Growth

Tony Yanow’s Golden Road follow-up set to open 13th location, more to come

Artisanal Brewers Collective expands footprint in L.A.

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Carson’s Bigger Ambition: 1.8M SF

RETAIL: City eyes retail, hotel, housing next to mall

Carson is slated to be the next home for a premium outlet mall – and more – to be built by Macerich Co. and Simon Property Group.

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Rubber Compound Manufacturer Kirkhill Acquired for $49M

Downey-based Kirkhill Manufacturing Co., makers of rubber compounds used by the aerospace, medical and automotive industries has been acquired by Swedish competitor, Hexpol, for $49 million.

Apparel Manufacturer The Studio Raises $11 Million

The Studio, a downtown-based apparel manufacturer raised an $11 million Series A round led by Silicon Valley-based Ignition Partners.

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Cal Cartage Ordered to Pay Workers $3.5M in Back Wages

Long Beach-based logistics company Cal Cartage Co. was ordered to pay $3.5 million to more than 1,400 of its workers for violating labor laws.

L.A. Moves Closer to Banning Sale of Fur

The Los Angeles City Council has unanimously voted for the drafting of legislation that will ban the sale and manufacture of fur-related products in the city.

Port of Los Angeles Awarded $41 Million Grant

The Port of Los Angeles has received a preliminary award of $41 million by the California Air Resource Board to build freight facilities that are near zero-emissions.

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Big Foundations Top $40B

The assets of Los Angeles County’s top 50 private charitable foundations and trusts collectively topped $41.1 billion last year, a 4.8 percent boost over the prior year.

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Macerich, Simon to Build 400,000-plus SF Retail Outlet Mall in Carson

Santa Monica-based Macerich Co. and retail developer and operator Simon Property Group Inc. announced they will join to build an outlet mall in Carson.

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$50 Million Grant to be Awarded to Port of Long Beach

The Port of Long Beach was approved for a $50 million grant to develop clean equipment and technology for various sectors of its cargo movement supply chain.

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Budget Beauty Bar Draws Outside Investment

Face Haus adds locations in Santa Monica, USC Village, Manhattan Beach

West Hollywood-based Face Haus, a beauty bar whose slogan is “facials for the people,” opened its fourth location late last month and has plans for another already in the works.

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Market Movers

L.A. metro area leads state in growth of women-owned firms over last decade

Women-owned business in the Los Angeles metro area led the state in growth.

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Third Street 3.0 in Santa Monica

RETAIL: Plan to “reimagine” retail center underway

Santa Monica’s Third Street Promenade examines whether to reinvent itself once again.

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Happy Returns Expands Return Bar Locations With Paper Source

Ahead of the holiday shopping season, Santa Monica-based Happy Returns is expanding its return services via 125 Paper Source stores nationwide.

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Hapik Opens First U.S. Store in El Paseo South Gate

The El Paseo shopping center in South Gate is the latest retail outfit to offer experiential services to its patronage by signing a 10-year lease with Hapik, an indoor climbing park.

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Kumana Brings Avocado Sauce to Own Backyard

Downtown-based company adds local grocers on heels of debut in NorCal, Oregon

Avocado sauce maker Kumana Foods expands into supermarkets.

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$60M Makeover

What all the time, money meant for Hotel Figueroa

So what took downtown’s Hotel Figueroa so long to re-open?

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Forever 21 Adds Visual Searching

RETAIL: Fast-fashion specialist moves to bolster website, mobile app

Forever 21 debuts new visual search feature to boost online sales.

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Forever 21 Partners With Donde Search for Visual Search and Navigation

Online customers of fast-fashion retail chain Forever 21 will soon be able to shop for items using a new visual search function.

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Brooks Brothers to Close Rodeo Store

Building listed for $300 million

Brooks Brothers is permanently closing its store at 468 N. Rodeo Drive in Beverly Hills on Aug. 27.

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