The Sinclair

AIDS Healthcare Foundation Buys Multifamily Building for $30 Million

The AIDS Healthcare Foundation purchased a 190-unit multifamily building in the Westlake/MacArthur Park area for $30 million.
A data center where Zenlayer Inc. performs its cloud-based computing work to install servers and network connection equipment.

Cloud Firm Zenlayer Raises $50 Million for Global Expansion

Zenlayer Inc., a cloud service provider, raised $50 million in Series C financing to expand its global coverage.

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A Nothing Bundt Cake store.

Levine Leichtman Sells Nothing Bundt Cakes Chain

Levine Leichtman Capital Partners has sold its chain of gourmet bakeries to Roark Capital, an investor that collects franchised food chains.
Bird CEO Travis VanderZanden

Bird Plans IPO That Values Company at $2.3 Billion

Bird Rides Inc. will become a publicly traded company through a merger with a blank check company run by oil executives seeking a clean energy combination.


Handling It: Happy Returns’ spot at Santa Monica Place.

Logistics Company Happy Returns Is Acquired by PayPal

Santa Monica-based Happy Returns Inc. has been acquired by its investor, PayPal Holdings Inc., on undisclosed terms.
Art Gensler (Photo courtesy of Emily Hagopian)

Architect Art Gensler Dies at 85

Famed architect Art Gensler, founder of Gensler, has died. He was 85 years old.

Companies On The Move
People On The Move




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READER POLL: Are you concerned about L.A.-based companies leaving California?

In This Week's Issue


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K1 Investment to Raise $4 Billion for Fifth Fund

The private equity industry is revving up in Los Angeles, but much of the action is taking place behind a financial curtain that can be difficult to draw back.


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LA Companies Hop Aboard NFT Bandwagon

NFTs have become one of the hottest topics in the digital landscape — and, increasingly, a focus for many Los Angeles businesses.


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Nacelle Helps Retailers Ride Ecommerce Wave

Santa Monica-based Nacelle’s platform integrates into existing ecommerce websites, increasing speed for mobile and desktop browsing.


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Remembering Eli Broad’s Legacy of Building and Giving

Eli Broad, whose philanthropy elevated L.A.'s standing as a cultural mecca and who amassed a fortune in the homebuilding and insurance industries, has died.


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Grocery Store Properties See Strong Gains During Pandemic

Demand for grocery store properties has soared during the pandemic, transforming the sector into one of the most sought-after real estate investment categories.


Latest Local News

The Sinclair

AIDS Healthcare Foundation Buys Multifamily Building for $30 Million

The AIDS Healthcare Foundation purchased a 190-unit multifamily building in the Westlake/MacArthur Park area for $30 million.
A data center where Zenlayer Inc. performs its cloud-based computing work to install servers and network connection equipment.

Cloud Firm Zenlayer Raises $50 Million for Global Expansion

Zenlayer Inc., a cloud service provider, raised $50 million in Series C financing to expand its global coverage.

People On The Move
A Nothing Bundt Cake store.

Levine Leichtman Sells Nothing Bundt Cakes Chain

Levine Leichtman Capital Partners has sold its chain of gourmet bakeries to Roark Capital, an investor that collects franchised food chains.
Events
The Los Angeles Business Journal will be hosting a Digital Event on Executive Wellness. This panel will address the importance of maintaining health through such challenging circumstances for those leading our community.
Bird CEO Travis VanderZanden

Bird Plans IPO That Values Company at $2.3 Billion

Bird Rides Inc. will become a publicly traded company through a merger with a blank check company run by oil executives seeking a clean energy combination.
Reader Poll
READER POLL: Are you concerned about L.A.-based companies leaving California?
Companies On The Move


Handling It: Happy Returns’ spot at Santa Monica Place.

Logistics Company Happy Returns Is Acquired by PayPal

Santa Monica-based Happy Returns Inc. has been acquired by its investor, PayPal Holdings Inc., on undisclosed terms.

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